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360ONE Multicap

AUM (3932 cr) | Inc Date (7-Nov-2013)

Scheme Rating

IME Scheme Rating

4 of 5 stars

With a concentrated investment approach that invests across market-capitalisations, a strong investment team, and consistent longer-term performance, 360One Multicap is a good investment option in the flexi-cap space.

IME Strategy Rating

4 of 5 stars

360 One’s Multicap PMS strategy aims to invest primarily across 2-4 high conviction sectors. Investments will be made in companies that are business leaders in their segments and with strong managements. The investment strategy is to invest in a portfolio following the SCDV framework (Secular, Cyclical, Defensives, Value Trap) wherein it invests in businesses having long-term track records where profitability and growth may have been impacted by short-term cycles.

AMC Rating

4 of 5 stars

AMC: 360ONE PMS (click link for detailed AMC review)

360ONE, supported by a reputable financial house with expertise in wealth management and broking, is expanding into asset management. Despite not having a rigid investment philosophy, their experienced team has achieved strong investment performance.

PMS Scheme Ratings are driven by IME’s Proprietary Scheme Rating Methodology, which takes into account our ratings of the Scheme’s investment strategy, its maturity, the investment team, and our separate rating on the AMC that runs this particular scheme. Our views on each of these individual criteria are available via the IME RMS – which you can view by reaching out to one of our relationship managers (using either the live chat or book appointment feature on this site).

360ONE Multicap PMS - Investment Strategy

Concentrated exposure focusing on large caps that are available at a sharp discount to intrinsic value

360ONE Multicap aims to take concentrated positions in 15-20 stocks high-quality companies which are business leaders, have a strong management, low leverage and which offer a large margin of safety. Investments are largely in 2-4 high conviction sectors.

SCDV Framework

360ONE’s investment strategy is to invest in a portfolio following their ‘SCDV’ framework, wherein a large proportion of portfolio is invested in high quality secular growth companies for long term compounding. The remaining allocation (tactical) is across quality cyclicals and defensives.

  • 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

Trailing Performance

1yr 3yr 5yr Since Inception
360ONE Multicap 9.5 12.3 24 21.4
S&P BSE 500 4.8 12.3 24.8 15.4
Alpha over Broad Mkt BM 4.7 0 -0.8 6
S&P BSE 500 4.8 12.3 24.8
Alpha over Category BM 4.7 0 -0.8

Performance as of: 31-Mar-25 | Inception Date: 07-Nov-13

Fund Managers

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.

Fee Structure

Fee Structure Fee
Fixed Fee Structure 2.5
Variable Fee Structures
Exit Fees 1yr (3%), 2yr (2%), 3yr (1%)

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