DebtOvernight FundDirectIDCWLow

360 ONE Overnight Fund

Q: What is the NAV of 360 ONE Overnight Fund?

As of 04 Oct 2026, the NAV of 360 ONE Overnight Fund is ₹1,066.70 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has 360 ONE Overnight Fund delivered?

360 ONE Overnight Fund has returned +5.31% over 1 year and +5.35% 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.

Q: What is the expense ratio of 360 ONE Overnight Fund?

360 ONE Overnight Fund charges an expense ratio of 0.13% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of 360 ONE Overnight Fund?

360 ONE Overnight Fund's largest holdings are Indian Bank (01/09/2026) (9.3%) and 182 Days Tbill (MD 03/09/2026) (7.1%). Holdings are disclosed monthly and change over time.

Q: How risky is 360 ONE Overnight Fund?

360 ONE Overnight Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.1% and its worst peak-to-trough fall in our sample was 0.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of 360 ONE Overnight Fund?

360 ONE Overnight Fund is benchmarked against the NIFTY 1D Rate Index. Its alpha and beta on this page are measured against that index.

Q: Who manages 360 ONE Overnight Fund?

360 ONE Overnight Fund is managed by Milan Mody at 360 One.

Q: How is 360 ONE Overnight Fund taxed?

360 ONE Overnight Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

360 ONE Mutual Fund · Best Overnight Mutual Funds

NAV

₹1,066.70

+0.04% 1D

as of 04 Oct 2026

This is the Direct plan of 360 ONE Overnight Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

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NAV history

+5.31%CAGR

52-week rangePrev NAV ₹1,066.23

Latest ₹1,066.70

Low ₹1,013.13100th percentile of its 52-week rangeHigh ₹1,066.70

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.13%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹1,000

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

NIFTY 1D Rate Index

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

13 Jul 2025

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+0.40%

Absolute return over the last 3 months (not annualized)

+1.27%

Absolute return over the last 6 months (not annualized)

+2.56%

Absolute return since 1 Jan of this year (not annualized)

+3.90%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+5.31%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+5.35%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.11%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

0.00%

Benchmark ratios

Not shown for Overnight Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Overnight Fund)

Period	Fund	Category avg.	Diff
1M abs	+0.40%	—	—
3M abs	+1.27%	—	—
6M abs	+2.56%	—	—
1Y CAGR	+5.31%	—	—
3Y CAGR	—	—	—
5Y CAGR	—	—	—

Category average across peers in Overnight Fund, 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.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹1.20L

Current value

₹1.23L

Absolute

+2.37%

XIRR

+5.22%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into 360 ONE Overnight 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
2026part	+3.94%
2025part	+2.56%

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.

History points

371

Expense ratio

0.13%

AUM

₹603.83Cr

Exit load

Nil

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

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.

Peer comparison · Overnight Fund

Compare all


360 ONE Overnight FundThis fund 360 One · Direct · IDCW	—	+5.31%	—	—	—	0.13%	₹603.83Cr
quant Overnight Fund quant · Direct · IDCW	—	+5.05%	+6.12%	—	—	0.19%	₹61.28Cr
LIC MF Overnight Fund LIC · Direct · IDCW	—	+5.26%	+6.06%	+5.75%	—	0.10%	₹1,054Cr
Bandhan Overnight Fund Bandhan · Direct · Periodic IDCW	—	+5.26%	+6.06%	+5.72%	—	—	₹4.42L
UTI - Overnight Fund UTI · Direct · Periodic IDCW	—	+5.26%	+6.05%	+5.32%	—	—	₹1.05Cr
ICICI Prudential Overnight Fund - Direct Plan - Unclaimed IDCW Transitory Scheme ICICI Prudential · Direct · IDCW	—	+5.26%	+6.04%	—	—	—	₹84.50Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Cash & Equivalents83.59%
Debt16.41%

Fund size over time

Quarterly average AUM · AMFI

₹603.83Cr

April - June 2026

+105%

since January - March 2026

At or near its largest, ₹603.83Cr 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.

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.

Launched

21 Mar 2010

Total AUM

₹13,053Cr-1.1% QoQ

Avg AUM · April - June 2026

Website

360.one/asset/mutual-funds/home

Fund Managers

MMMilan ModyManaging since 02 Mar 2021

Role

Manager - Debt

Education

MBA Finance

Experience

Mr. Milan Mody has over 20 years of work experience in the Fixed Income market. Prior to joining 360 ONE Asset Management Limited, he was associated with ITI Balanced Asset Management Limited as Fixed Income Fund Manager for three years. His previous experience includes working with Darashaw, Birla Sun-life Securities, (debt portion) Sahara Life Insurance and Zyin Research Pvt. Ltd. Mr. Mehta has a comprehensive

Funds managed (4)

All schemes Milan Mody runs →

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.

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Fund managers

Milan Mody

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.

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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 Overnight funds

Overnight funds hold securities maturing the very next day, making them the lowest-risk debt category. They're a place to park cash for a few days with almost no interest-rate risk.

Frequently asked questions

What is the NAV of 360 ONE Overnight Fund?

As of 04 Oct 2026, the NAV of 360 ONE Overnight Fund is ₹1,066.70 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has 360 ONE Overnight Fund delivered?

360 ONE Overnight Fund has returned +5.31% over 1 year and +5.35% 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 Overnight Fund?

360 ONE Overnight Fund charges an expense ratio of 0.13% 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 Overnight Fund?

360 ONE Overnight Fund's largest holdings are Indian Bank (01/09/2026) (9.3%) and 182 Days Tbill (MD 03/09/2026) (7.1%). Holdings are disclosed monthly and change over time.

How risky is 360 ONE Overnight Fund?

360 ONE Overnight Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.1% and its worst peak-to-trough fall in our sample was 0.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of 360 ONE Overnight Fund?

360 ONE Overnight Fund is benchmarked against the NIFTY 1D Rate Index. Its alpha and beta on this page are measured against that index.

Who manages 360 ONE Overnight Fund?

360 ONE Overnight Fund is managed by Milan Mody at 360 One.

How is 360 ONE Overnight Fund taxed?

360 ONE Overnight Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.