360 ONE Dynamic Term Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- August 31, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
360 ONE Dynamic Term Fund Direct Growth Plan is priced at ₹25.6232 as of 10 Sep 2026, with scheme AUM of ₹559 Cr. Its 1-year, 3-year and 5-year returns are 6.39%, 8.17% and 6.89% respectively, and it sits in the Medium Risk category.
Our view is that the fund has delivered a steadier medium-term profile than its recent short stretch suggests, with a debt allocation that still carries meaningful exposure to government securities and select corporate debt. That mix may appeal to investors who want moderate return potential from a debt-oriented portfolio and who can stay invested through short-term swings.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹25.6232 as of 10 Sep 2026 |
| AUM | ₹559 Cr |
| Expense Ratio | 0.27% |
| Launch Date | 24 Jun 2013 |
| Min SIP | ₹1,000 |
| Risk Category | Medium Risk |
| Benchmark | Nifty 50 |
| Fund Category | Debt |
| Exit Load | No exit load |
| Fund Managers | Milan Mody |
The fund is managed by Milan Mody.
Source data date: as of 10 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -0.23% | -4.06% |
| 3M | 2% | 1.37% |
| 1Y | 6.39% | -7.31% |
| 3Y | 8.17% | 6.07% |
| 5Y | 6.89% | 5.91% |
The recent pattern is mixed, but it is not weak in context. The 1-month figure is slightly negative, yet the fund still did better than the benchmark over the same stretch because the benchmark fell more sharply. Over 3 months, both the fund and benchmark were positive, and the fund held a modest edge.
The clearer story comes from the longer windows. The 1-year return is comfortably positive while the benchmark is negative, which tells us the fund has been far more resilient over the past year. That resilience also shows up in the 3-year and 5-year figures, where the fund stays ahead of the benchmark and sustains a stable compounding path rather than a sharp one-off jump.
We read this as a debt fund that has combined defensive behaviour with moderate growth, rather than one that has relied on a single strong market phase. The shorter-term ups and downs suggest it is not linear, but the 3-year and 5-year record points to a more dependable long-term pattern than the recent 1-month dip alone would imply.
For investors, that combination matters more than the headline month-to-month change. It suggests the scheme may be better judged over multi-year holding periods, especially by investors who want a debt-oriented allocation that can still participate in broad interest-rate and credit-cycle improvements.
Source data date: as of 10 Sep 2026
Should you BUY or HOLD 360 ONE Dynamic Term?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding 360 ONE Dynamic Term? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Bandhan Dynamic Term Fund Direct Growth Plan | 7.41% | 7.65% | 6.14% |
| Kotak Dynamic Term Fund Direct Growth Plan | 6.76% | 7.86% | 6.62% |
| Axis Dynamic Term Fund Direct Growth Plan | 6.58% | 7.49% | 6.26% |
| 360 ONE Dynamic Term Fund Direct Growth Plan | 6.39% | 8.17% | 6.89% |
| ICICI Pru Dynamic Term Fund Direct Growth Plan | 6.02% | 7.79% | 7.08% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The fund’s 1-year return sits below the strongest peer figures shown here, although it still remains positive and close to the pack. On the 3-year measure, it leads the group on the available figures, which suggests the recent year has not fully captured its longer-running behaviour.
On 5 years, the fund is again competitive, though one peer is slightly ahead. Taken together, the peer set tells a split story: the fund is not the strongest in every recent window, but its longer-term compounding remains solid enough to keep it in the same conversation as the better-known dynamic term strategies.
Source data date: as of 10 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| 7.26% Government of India (22/08/2032) | Government Securities | 11.92% |
| 7.41% Government of India (19/12/2036) | Government Securities | 5.53% |
| 7.18% Government of India (24/07/2037) | Government Securities | 5.44% |
| Embassy Office Parks Reit | Finance | 4.66% |
| 7.64% State Government Securities (08/02/2033) | Government Securities | 4.51% |
| 8.025% LIC Housing Finance Limited (23/03/2033) ** | Corporate Debt | 4.5% |
| 7.6% State Government Securities (08/02/2035) | Government Securities | 4.48% |
| 9.25% SK Finance Limited (02/01/2028) ** | Corporate Debt | 4.48% |
| 8.05% PNB Housing Finance Limited (06/02/2030) ** | Corporate Debt | 4.47% |
| 7.8% HDFC Bank Limited (06/09/2032) ** | Corporate Debt | 4.46% |
The largest single holding is 7.26% Government of India (22/08/2032) at 11.92%, which is large enough to matter but not so large that it dominates the portfolio on its own. The drop from the first holding to the tenth is fairly contained, moving from 11.92% to 4.46%, so the visible book is spread across a band of mid-sized positions rather than one outsized bet.
The top 10 holdings together account for 54.45% of the portfolio, and the fund has 30 disclosed holdings in total. That tells us the portfolio is meaningfully concentrated in its leading positions, but it still leaves room for a longer tail of other holdings to contribute. Government securities appear heavily represented among the largest positions, which may help shape the fund’s debt-oriented profile.
To see all holdings, visit the 360 ONE Dynamic Term Fund Direct Growth Plan page
Source data date: as of 10 Sep 2026
Who should invest
This fund may suit investors who are comfortable with Medium Risk and want a debt scheme that has shown better longer-term behaviour than its recent 1-month patch. The 1-year, 3-year and 5-year record suggests it has been able to hold up well across different market phases, especially relative to the benchmark.
The main trade-off is that the fund does not move in a straight line, so short stretches can look uneven even when the longer trend is steadier. Investors with a medium- to long-term horizon may find that more acceptable, especially if they want debt exposure with some room for return variation rather than a very short-duration, ultra-stable profile.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: No exit load
Source data date: as of 10 Sep 2026
Frequently asked questions
What is the current NAV of 360 ONE Dynamic Term Fund Direct Growth Plan?
Its current NAV is ₹25.6232 as of 10 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year, 3-year and 5-year returns are 6.39%, 8.17% and 6.89%.
How does the fund compare with Nifty 50?
It has outperformed Nifty 50 over 1 year, 3 years and 5 years. The gap is most visible over 1 year, where the fund stayed positive while the benchmark was negative.
How does it compare with peer dynamic term funds?
Its 1-year return is below the strongest peer figure shown, but its 3-year return is the strongest in the peer set listed here. On 5 years, it remains competitive and stays close to the better peer outcomes.
Is there a minimum SIP amount?
The scheme allows SIP investing, but a minimum SIP amount is not stated here.
Who manages the fund and what is the exit load?
Milan Mody manages the fund. The exit load is nil, so there is no exit load on redemption.
Bottom line
360 ONE Dynamic Term Fund Direct Growth Plan shows a clearer long-term profile than its latest month, and that matters because the 3-year and 5-year numbers stay ahead of the benchmark even when short-term movement softens. Against peers, it looks balanced rather than dominant across every window, with a particularly strong 3-year result and a competitive 5-year record. The portfolio leans heavily on government securities and other debt exposures, which supports its medium-risk, debt-oriented character for investors with a multi-year horizon.
Published on 11 September 2026 at 10:59 AM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.