360 ONE Flexicap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 18, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
360 ONE Flexicap Fund Direct Growth Plan currently has a NAV of ₹16.9178 as of 17 Sep 2026 and a scheme AUM of ₹2,249 Cr. Its 1-year, 3-year and 5-year returns are 5.77%, 16.10% and Data not available, respectively, and it sits in the High Risk category.
Our view is that the fund has shown better longer-horizon compounding than its recent 1-year outcome, while its benchmark has been weaker over the same 1-year window. The portfolio has a meaningful banking and financial-services tilt at the top, so it may suit investors who can stay invested through uneven stretches and are comfortable with a higher-risk equity mandate.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹16.9178 as of 17 Sep 2026 |
| AUM | ₹2,249 Cr |
| Expense Ratio | 0.48% |
| Launch Date | 30 Jun 2023 |
| Min SIP | ₹1,000 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | 1% on or before 365D, Nil after 365D |
| Fund Managers | Mayur Patel, Viral Mehta |
The fund is managed by Mayur Patel and Viral Mehta.
Source data date: as of 17 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -1.48% | -3.66% |
| 3M | 3.89% | -3.71% |
| 1Y | 5.77% | -7.13% |
| 3Y | 16.10% | 5.82% |
| 5Y | Data not available | Data not available |
Recent numbers show a mixed but not weak pattern. The fund was down over 1 month, yet it still held up better than the benchmark, and it turned positive over 3 months and 1 year while the benchmark stayed negative across those same windows. That tells us the fund has been able to absorb short-term market softness better than the index in this phase.
The longer view is more constructive. The 3-year return is 16.10%, which is well above the benchmark’s 5.82%, so the fund has delivered a stronger medium-term compounding path than the index. That said, the 1-year return of 5.77% is far more modest than the 3-year figure, so recent traction has been less powerful than the medium-term record.
The time pattern also suggests some drawdown and recovery along the way rather than a straight line of gains. For investors, that matters because the fund does not look like a smooth defensive equity strategy; it has still behaved like an active flexicap fund that can wobble in the short run while aiming for better participation over longer holding periods.
On the benchmark comparison, the fund is ahead across every reported period except that the benchmark data itself is unavailable for 5 years in this set. The gap is widest over 1 year and still clearly in the fund’s favour over 3 years. That creates a picture of relative strength versus the index, but with enough variation in shorter periods to keep expectations grounded.
Source data date: as of 17 Sep 2026
Should you BUY or HOLD 360 ONE Flexicap?
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 Flexicap? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| 360 ONE Flexicap Fund Direct Growth Plan | 5.77% | 16.10% | Data not available |
| Bank of India Flexi Cap Fund Direct Growth Plan | 10.1% | 18.09% | 16.01% |
| ITI Flexi Cap Fund Direct Growth Plan | 9.54% | 17.61% | Data not available |
| Navi Flexi Cap Fund Direct Growth Plan | 7.9% | 10.18% | 10.89% |
| LIC MF Multi Cap Fund Direct Growth Plan | 7.11% | 17.04% | Data not available |
| Aditya Birla SL Flexi Cap Fund Direct Growth Plan | 5.94% | 13.33% | 10.98% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On 1-year numbers, the fund trails Bank of India Flexi Cap Fund Direct Growth Plan, ITI Flexi Cap Fund Direct Growth Plan, Navi Flexi Cap Fund Direct Growth Plan and LIC MF Multi Cap Fund Direct Growth Plan, while staying close to Aditya Birla SL Flexi Cap Fund Direct Growth Plan. The comparison looks stronger on the 3-year horizon, where the fund is behind Bank of India Flexi Cap Fund Direct Growth Plan and ITI Flexi Cap Fund Direct Growth Plan, but ahead of Navi Flexi Cap Fund Direct Growth Plan and Aditya Birla SL Flexi Cap Fund Direct Growth Plan.
The longer-term picture is therefore mixed rather than one-sided. The fund has a respectable 3-year record, but the peers with available 5-year figures have also shown solid longer-run outcomes. Because the fund’s own 5-year return is not available in this set, the peer comparison leans more heavily on the 1-year and 3-year windows, where the fund appears competitive in some stretches and behind in others.
Source data date: as of 17 Sep 2026
Want to know more? Log in to Univest for more mutual fund insights.
Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| ICICI Bank Limited | Bank | 5.09% |
| Eternal Limited | Retailing | 3.78% |
| Cholamandalam Investment and Finance Company Ltd | Finance | 3.68% |
| Axis Bank Limited | Bank | 3.54% |
| Tata Motors Ltd | Domestic Equities | 3.36% |
| TREPS | Cash & Cash Equivalents and Net Assets | 3.24% |
| Premier Energies Limited | Trading | 3.22% |
| Redington Limited | Trading | 3.16% |
| Indus Towers Limited | Telecom | 3.07% |
| Indo-Mim Limited | Domestic Equities | 2.81% |
The top 10 holdings account for approximately 34.95% of the portfolio.
To see all holdings, visit the 360 ONE Flexicap Fund Direct Growth Plan page
The largest holding, ICICI Bank Limited, is 5.09%, which is sizeable but not dominant on its own. The fall from the first holding to the tenth is fairly measured, with the smallest listed top-10 position still at 2.81%, so the portfolio does not appear to rely on just one or two very large bets among the disclosed names.
At the same time, the holdings list spans 55 disclosed positions, while the top 10 together make up 34.95% of the portfolio. That suggests a blended structure: the larger positions may influence returns meaningfully, but a long tail of other holdings is still likely to matter. The mix of banks, finance, retailing, telecom, trading and industrial names also points to a diversified equity book rather than a narrow sector theme.
Because the top holdings are under 35% in aggregate, the portfolio may be less concentrated than a highly top-heavy flexicap strategy, though the disclosed leaders can still drive a fair share of the fund’s short-term behaviour. Investors should read that as a sign of active stock selection with room for broader participation across the remaining holdings.
Source data date: as of 17 Sep 2026
Who should invest
This fund suits investors who can tolerate High Risk equity volatility and stay invested long enough to let the portfolio work through uneven periods. The 3-year return profile is more convincing than the 1-year figure, so a medium-to-long holding horizon is more appropriate than a short tactical allocation.
The main trade-off is that the fund has outpaced the benchmark over the periods shown, but not in a smooth way. Investors accept short-term swings and occasional weaker stretches in exchange for the possibility of stronger compounding over time. The top holdings also show a meaningful financials tilt, so the fund may appeal more to investors who are comfortable with active sector and stock positioning inside a flexicap framework.
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: 1% if units are sold on or before 365 days; nil after 365 days.
Source data date: as of 17 Sep 2026
Frequently asked questions
What is the current NAV of 360 ONE Flexicap Fund Direct Growth Plan?
The current NAV is ₹16.9178 as of 17 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is 5.77% and the 3-year return is 16.10%. The 5-year return is Data not available.
How has it done against the benchmark?
It has been ahead of the Nifty 50 across the reported periods. The gap is especially visible over 1 year and remains clear over 3 years.
How does it compare with peer funds on available returns?
It is behind some peers on 1-year and 3-year returns, but it remains competitive rather than weak. The comparison is mixed because different peers lead on different time horizons.
What is the minimum SIP amount?
The minimum SIP amount is ₹1,000.
Who manages the fund and what is the exit load?
The fund is managed by Mayur Patel and Viral Mehta. The exit load is 1% if units are sold on or before 365 days, and nil after 365 days.
Bottom line
360 ONE Flexicap Fund Direct Growth Plan has shown a better 3-year track than its more recent 1-year return suggests, and it has also stayed ahead of the benchmark across the reported windows. Against peers, the picture is mixed: it is not the strongest on every horizon, but it remains competitive, especially when judged alongside funds with uneven longer-term data. The High Risk profile, the active equity approach and the meaningful weight in financial names make it better suited to patient investors who can handle volatility.
Published on 18 September 2026 at 1:40 PM IST
Explore mutual funds with Univest
Review mutual fund data, compare performance and explore fund insights on Univest.
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.