360 ONE Flexicap Fund
This is the Direct plan of 360 ONE Flexicap Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
Performance
Scorecard
★★★★☆4/5 vs 36 of 45 Flexi Cap Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Flexi Cap Fund (same plan and option). 36 of the 45 Flexi Cap Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +16.22% · ranks 4 of 36 Flexi Cap Funds
Volatility 15.3% vs 14.2% category avg
0.9% expense vs 1.1% category avg
100% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Ahead of the Flexi Cap Fund average on 1M/3M/6M/1Y — 1Y by 8.00pp
- 3-year return (+16.22%) beats the Flexi Cap Fund average (+11.56%)
- Ranks #3 of 42 on 1-year return in its Flexi Cap Fund cohort
- Stronger risk-adjusted returns — Sharpe 0.64 vs 0.35 Flexi Cap Fund average
- Low expense ratio (0.92%) vs the Flexi Cap Fund average of 1.12%
Concerns
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Flexi Cap Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -2.16% | -5.15% | +2.99% |
| 3M abs | +1.69% | -2.35% | +4.04% |
| 6M abs | +19.13% | +9.77% | +9.36% |
| 1Y CAGR | +8.03% | +0.03% | +8.00% |
| 3Y CAGR | +16.22% | +11.56% | +4.66% |
| 5Y CAGR | — | +10.42% | — |
Category average across peers in Flexi Cap Fund (up to 45 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 45 peers in Flexi Cap Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
36 monthly installments of ₹10,000 into 360 ONE Flexicap Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | Nifty 500 TRI | Diff | |
|---|---|---|---|---|
| 2026part | +5.51% | -7.18% | +12.69% | |
| 2025 | +2.31% | +7.94% | -5.63% | |
| 2024 | +28.96% | +16.43% | +12.53% | |
| 2023part | +19.35% | — | — |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.
Taxation
Taxed as equityThis is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.
Flat, on the whole gain
On gains above ₹1.25 L per financial year
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity96.58%
- Cash & Equivalents3.42%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹2,018Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
360 ONE Mutual Fund is the asset management arm of 360 ONE WAM, the wealth and asset manager that was branded IIFL Wealth until its 2023 rename. Its schemes carried the IIFL name before that, and the house runs a compact, concentrated equity line-up aimed at long-horizon investors.
Fund Managers
MPMayur PatelManaging since 30 Jun 2023
Manager- Equity
Chartered Accountant and a CFA charter holder
Mr. Mayur Patel has over 20 years of work experience including investment management and research experience of more than 10 years. Prior to joining 360 ONE Asset Management Limited, he managed equity portfolios of DSP BlackRock Equity Savings Fund and MIP Fund at DSP BlackRock Investment Managers (a joint venture between BlackRock and the DSP Group in India). Mr. Patel joined DSP BlackRock in 2013 as an Equity Analyst responsible for origination and dissemination of ideas across energy, industrials and utilities sectors. Earlier, he was associated with Spark Capital as Lead Analyst, Energy in their Institutional Equities division and has also 14 worked with Tata Motors and CRISIL.
VMViral MehtaManaging since 30 Jun 2026
B.COM, Chartered Accountant, CFA
understanding of both Credit and Equity domains. He has spent half of his career in Credit roles with Aditya Birla Capital and Axis Bank, gaining deep insights into credit appraisal. The other half of his journey has been focused on Equity Research with PPFAS Mutual Fund and Edelweiss Global Wealth, where he developed his analytical skills in evaluating businesses, financial modelling, and investment thesis development. This diverse experience across Credit and Equity has enabled him to build a holistic perspective of financial markets, bridging the analytical rigor of credit assessment with the strategic foresight required for equity investing.
Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
360 One in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
360 ONE Dynamic Term Fund Regular-Growth
The Economic Times · 4d ago
360 ONE Dynamic Term Fund Regular-IDCW Quarterly
The Economic Times · 4d ago
360 ONE Dynamic Term Fund Regular-IDCW Half Yearly
The Economic Times · 4d ago
360 ONE Dynamic Term Fund Direct-IDCW Quarterly
The Economic Times · 4d ago
360 One Dynamic Term Fund-IDCW Payout Quarterly
Alice Blue · 8d ago
BSE 500 TRI - 25% + NIFTY Composite Debt Index - 45% + Domestic prices of Gold and Silver (30%) - Benchmark Returns & Mutual Funds
Multibagg AI · 10d ago
Jamna Auto Industries Share Price: Promoters Sell 5%
Univest · 20d ago
Motherson Sumi Wiring India Ltd. Shareholding Pattern – Promoters, FIIs & DIIs
Value Research · 04 Sep 2026
Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Flexi Cap funds
Flexi cap funds invest across large, mid and small-cap stocks with no fixed allocation, letting the manager shift with the market cycle. That flexibility can help manage risk and chase growth wherever it is.
From the blog
Flexi-cap fund returns: a 12-point spread over 3 years
01 Oct 2026
The median flexi-cap fund returned 11.22% a year over three years to 30 September 2026. The best made 18.38%, the worst 6.06%. The 1, 3 and 5-year spread.
Flexi-cap fund returns: 10 funds at record highs
13 Aug 2026
On 12 August 2026, 10 of 44 flexi-cap funds were at record NAVs and the median had gained 8.66% since 15 April. Their 1 to 10-year spread against the Nifty 500.
Frequently asked questions
What is the NAV of 360 ONE Flexicap Fund?
As of 01 Oct 2026, the NAV of 360 ONE Flexicap Fund is ₹16.69 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has 360 ONE Flexicap Fund delivered?
360 ONE Flexicap Fund has returned +8.03% over 1 year, +16.22% per year over 3 years and +16.97% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of 360 ONE Flexicap Fund?
360 ONE Flexicap Fund charges an expense ratio of 0.92% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of 360 ONE Flexicap Fund?
360 ONE Flexicap Fund's largest holdings are ICICI Bank Limited (5.1%), Eternal Limited (3.8%), Cholamandalam Investment and Finance Company Ltd (3.7%), Axis Bank Limited (3.5%) and Tata Motors Ltd (3.4%). Holdings are disclosed monthly and change over time.
How risky is 360 ONE Flexicap Fund?
360 ONE Flexicap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.3% and its worst peak-to-trough fall in our sample was -18.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of 0.64 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. 360 ONE Flexicap Fund's 0.64 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of 360 ONE Flexicap Fund?
360 ONE Flexicap Fund is benchmarked against the BSE 500 TRI. Its alpha and beta on this page are measured against that index.
Who manages 360 ONE Flexicap Fund?
360 ONE Flexicap Fund is managed by Mayur Patel and Viral Mehta at 360 One.
How is 360 ONE Flexicap Fund taxed?
360 ONE Flexicap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.