360 ONE Balanced Hybrid Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

360 ONE Balanced Hybrid Fund Direct Growth Plan has a NAV of ₹13.8905 as of 28 August 2026 and an AUM of ₹725 Cr. Its 1-year, 3-year and 5-year returns are 7.7008%, 0% and 0%, and the scheme is tagged as High Risk. Our view is that the fund has delivered a modest recent return profile, but the longer track record is still too short to judge the durability of the strategy with confidence.

The mix of debt and equity-related exposure can help keep day-to-day movement more balanced than a pure equity fund, yet the portfolio still carries meaningful market and credit sensitivity. For investors, that makes it more suitable for those who can tolerate higher swings and want a hybrid allocation with room for both income-oriented and growth-oriented assets.

Quick facts

Metric	Value
NAV	₹13.8905
AUM	₹725 Cr
Expense Ratio	0.45%
Launch Date	25 September 2023
Min SIP	₹1,000
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Hybrid
Exit Load	Nil upto 10% of units and 1% for remaining units on or before 12M, Nil after 12M
Fund Managers	Mayur Patel, Viral Mehta, Milan Mody

The fund is managed by Mayur Patel, Viral Mehta and Milan Mody.

Source data date: as of 28 Aug 2026

Performance

Period	Fund return	Benchmark return
1M	0.61%	-0.85%
3M	5.3%	3.39%
1Y	7.7%	-2.29%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The fund has been steadier in the near term than the benchmark, with positive 1-month and 3-month returns while Nifty 50 was weaker over 1 month and still below the fund over 3 months. That suggests the portfolio has been able to hold up better in a choppy stretch, even if the margin is not dramatic.

On a 1-year view, the fund’s 7.7% return sits well ahead of the benchmark’s -2.29%. That is an important sign of resilience, because it shows the scheme has preserved positive compounding over a period when the benchmark was negative.

At the same time, the performance history is still short because the scheme launched in September 2023. That means the 3-year and 5-year figures are not available, so we would avoid reading too much into one good year of relative resilience. The recent path has looked constructive, but the evidence base for a longer compounding pattern is still building.

In practical terms, the fund has behaved better than the benchmark across the available windows. However, investors should treat the recent outperformance as early evidence rather than a complete track record, especially for a hybrid strategy that blends debt and equity exposure.

Source data date: as of 28 Aug 2026

Should you BUY or HOLD 360 ONE Balanced Hybrid?

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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
360 ONE Balanced Hybrid Fund Direct Growth Plan	7.7008%	Data not available	Data not available
Baroda BNP Paribas Balanced Advantage Fund Direct Growth Plan	11.2916%	13.7117%	12.3468%
Aditya Birla SL Balanced Advantage Fund Direct Growth Plan	10.1062%	12.9621%	11.1352%
Edelweiss Balanced Advantage Fund Direct Growth Plan	9.1037%	11.9524%	10.4894%
Bajaj Finserv Balanced Advantage Fund Direct Growth Plan	8.9039%	Data not available	Data not available
Bank of India Balanced Advantage Fund Direct Growth Plan	8.8801%	10.5997%	11.1199%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the available 1-year figures, the fund trails the stronger peer returns in this set, though it still stays ahead of the benchmark over the same period. The peers with longer histories also show stronger 3-year and 5-year returns than this scheme can yet demonstrate, which makes the comparison more about track record depth than a direct read on strategy quality.

That said, the short-term story and the longer-horizon peer story are not identical. The fund has shown better recent resilience versus the benchmark, but peers with established histories have compounded more strongly across longer windows. For a newer hybrid fund, that difference matters because the main question is whether recent stability can extend into a fuller track record.

Source data date: as of 28 Aug 2026

Portfolio: where your money goes

The market-cap mix is: large-cap 24.64%, mid-cap 6.35%, small-cap 13.04% and other-cap 55.97%.

Sector	Weight	Holdings
Corporate Debt	37.15%	7.46% REC LIMITED (30/06/2028) ** — 4.39%; 7.96% MINDSPACE BUSINESS PARKS REIT (11/05/2029) ** — 3.16%
Government Securities	13.95%	7.37% GOVERNMENT OF INDIA (23/10/2028) — 3.22%; 7.32% GOVERNMENT OF INDIA (13/11/2030) — 2.58%
Finance	6.81%	MULTI COMMODITY EXCHANGE OF INDIA LIMITED — 1.67%; CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD — 1.64%
Bank	6.6%	HDFC BANK LIMITED — 2.41%; ICICI BANK LIMITED — 2%
Automobile & Ancillaries	3.83%	MOTHERSON SUMI WIRING INDIA LIMITED — 1.3%; ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LIMITED — 1.08%

The portfolio is not dominated by one equity style bucket. Large-cap exposure is meaningful at 24.64%, but the much larger other-cap allocation of 55.97% shows that a substantial part of the scheme sits outside a simple large/mid/small framework. Small-cap exposure at 13.04% is also material, while mid-cap exposure is modest at 6.35%.

At the sector level, Corporate Debt at 37.15% is clearly the most influential sleeve, and it is materially larger than Government Securities at 13.95%. That gap suggests debt positioning may have a stronger effect on the fund’s behaviour than any single equity sector, especially when interest-rate and credit conditions shift.

Among the equity-linked sleeves, Finance at 6.81% and Bank at 6.6% are fairly close in size, so neither appears overwhelmingly dominant there. In our view, Corporate Debt is likely to have the greatest influence on how the portfolio behaves, with Government Securities providing an important stabilising offset and the equity holdings adding a secondary growth element.

Source data date: as of 28 Aug 2026

Who should invest

This fund suits investors who are comfortable with High Risk and can stay invested long enough for a hybrid strategy to work through market cycles. The 1-year return is positive and better than the benchmark, but the absence of a 3-year and 5-year record means the case rests more on recent resilience than on a full cycle of evidence.

It may appeal to investors who want a portfolio that is not fully dependent on equity markets, yet still carries meaningful market exposure through its mix of debt, government securities and stock holdings. The trade-off is clear: you get a diversified hybrid structure, but you must accept that short-term results can still move around, especially given the smaller equity and other-cap exposures.

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: Nil upto 10% of units and 1% for remaining units on or before 12M, Nil after 12M.

Source data date: as of 28 Aug 2026

Frequently asked questions

What is the current NAV of 360 ONE Balanced Hybrid Fund Direct Growth Plan?
Its current NAV is ₹13.8905 as of 28 August 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 7.7008%, while the 3-year and 5-year returns are Data not available.

How has the fund done versus Nifty 50?
It has done better than Nifty 50 across the available windows. The fund shows 0.61% over 1 month, 5.3% over 3 months and 7.7% over 1 year, while the benchmark shows -0.85%, 3.39% and -2.29%.

How does it compare with peer funds on available returns?
Its 1-year return of 7.7008% is below the stronger peer figures in this set, while some peers also show stronger 3-year and 5-year numbers where those histories are available.

What is the minimum SIP amount?
The minimum SIP amount is ₹1,000.

What is the risk category and who manages the fund?
The scheme is classified as High Risk and is managed by Mayur Patel, Viral Mehta and Milan Mody. Its largest sector allocation is Corporate Debt at 37.15%, which may have a bigger impact on portfolio behaviour than any single equity sleeve.

Bottom line

360 ONE Balanced Hybrid Fund Direct Growth Plan has shown a better recent return pattern than Nifty 50, but the track record is still short, so the longer-horizon case is not fully established. Compared with available peers, the 1-year figure is lighter, while some peers with longer histories also show stronger compounding. The High Risk label, the meaningful corporate debt exposure and the mix of other-cap and small-cap assets make this a fund for investors who can tolerate uneven periods and are looking for a hybrid structure rather than a simple equity-style path.

Published on 31 August 2026 at 2:09 PM 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.