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360ONE PMS

PMS Rating

IME PMS Rating

4 of 5 stars

Highly recommended for investors looking for a more dynamic investment style: Backed by one of the most respected financial houses (with strong expertise in wealth mgmt & broking), 360ONE is well on its way of replicating their success in wealth management in the asset management space. Backed by a strong team, they have delivered investment performance, even while they lack a very tightly defined investment philosophy.

The PMS/AIF AMC Rating is derived on the basis of our analysis on 5 key qualitative parameters that we use to analyse the quality of a PMS/AIF Provider. These include an assessment of the size of the AMC, the pedigree of the AMC, the pedigree of the team, the value of the investment philosophy & the level of differentiation. These insights of our central research team are documented in the IME RMS, and can be accessed during a consultation call with an IME PMS specialist.

PMS Background

Discretionary AUM (16371cr) | Promoter Category ()

AMC Background

360ONE PMS is part of 360ONE Wealth, one of the leading wealth managers in India. It has scaled to become one of the leading PMS houses in India (in the top 7 PMS’s) on the back of the consistent performance of its PMS strategies and the distribution strength of the 360ONE wealth management team.

Investment Philosophy

360ONE’s investment philosophy revolves around core tenets of:

  • Hybrid approach: a top-down approach is used to identify the most attractive sectors, within which the most attractive stocks are identified on a bottom-up basis 
  • Concentration: investments are made in a concentrated manner in the top high-conviction investment ideas
  • Risk reduction: through hedging a part of the portfolio using Nifty put options to reduce downside risk.

360ONE’s SCDV Framework

  • Secular: defined as high earnings growth (>15%) and high ROEs (>15%)
  • Cyclical: defined as high earnings growth (>15%) but lower ROEs (<15%)
  • Defensive: defined as lower earnings growths (<15%) but high ROEs (>15%)
  • Value Traps: defined as low earnings growth (<15%) and low ROEs (<15%)

Portfolio Construction

  • Core Portfolio: invest in secular companies (as defined by high earnings growth and high ROEs)
  • Tactical Portfolio: invest in cyclical and defensive companies
  • Avoid: Value traps

Inv Team

Investment Team

Mehul Jani | 4-star rated FM

Fund Manager | 21 yrs Experience | 7 yrs at current firm

Past Experience: Fund Manager and Analyst (DSP BlackRock Investment), Associate (Morgan Stanley)

Mehul Jain is currently a Fund Manager at 360ONE AMC. Prior to 360ONE AMC, he was a Fund Manager and Analyst at DSP BlackRock.He joined DSP BlackRock in Oct 2018 as an Analyst in the Equities Team. He began his career in 2004 at Morgan Stanley Plc, London as an Associate working with structured product valuations and fund derivatives. Mehul Jani is a CFA Charterholder and holds an MSc in Banking and International Finance.

Anup Maheshwari | 5-star rated FM

Co-Founder & CIO | 28 yrs Experience | 7 yrs at current firm

Past Experience: CIO (DSP BlackRock Investment Managers)

Anup brings with him 26 years of investmentexperience. He joined 360ONE AMC in 2018. Prior to 360ONE AMC, he was associated with DSP BlackRock since 1997 and was last designated as CIO, Equities. He managed DSP BlackRock’s India funds for 18 years (May 2001-June 2018). For a briefperiod between December 2005 and May 2006,he was the CIO at HSBC Asset Managementbefore returning to DSP BlackRock. Anup Maheshwari is an alumnus of IIM Lucknow.

Mayur Patel | 4-star rated FM

FM – Equity | 19 yrs Experience | 6 yrs at current firm

Past Experience: DSP Blackrock (VP), Spark Capital (VP), Crisil (Equity Research)

Mayur Patel is Senior Executive Vice President at 360 ONE. Mayur has 18 years of experience, including 15 years in the investment research and management domain. Prior to this, he was associated with DSP Investment Managers, where he was a fund manager for the equity portfolios of DSP BlackRock Equity Savings Fund and MIP Fund. He joined DSP in September 2013 as an Analyst in the Equities team. He has previously worked with Spark Capital as Lead Analyst, Energy in their institutional broking division and prior to that, been a part of Tata Motors and CRISIL. He is a CA & CFA.

Nishant Vass | 3-star rated FM

FM | 15 yrs Experience | 3 yrs at current firm

Past Experience: ICICI Securities

Nishant brings with him 13 years of investment experience. Prior to joining 360 ONE in January 2022, he was associated with ICICI Securities Ltd in institutional equities team where he was leading the automotive sector research practice. Nishant has done MBA with an engineering background

Chetan Naik | 3-star rated FM

FM | 19 yrs Experience | 5 yrs at current firm

Past Experience: TVS Capital Funds, ICICI Securities, SBI Capital Markets, Tata Motors

Chetan Naik is part of 360ONE’s Alternative Investment Arm. He has an experience of more than 19 years and has build in a deep M&A Pedigree. Prior to 360ONE, He had stints with TVS Capital Funds, ICICI Securities, SBI Capital Markets and Tata Motors. He did his PGDM, Finance from IIM, Indore.

PMS/AIF Schemes

PMS & Listed Equity AIF Schemes

Scheme Category Style 1 yr 3 yr 5 yr Since Inc
360ONE Multicap Flexi Cap GARP 37.5 16.4 20.8 23.8
360ONE Multicap Advantage Flexi Cap GARP 34.8 14.1 19.1 13.6

Returns as of 30-Sep-24.

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