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

360 ONE Focused Fund Direct Growth Plan has a current NAV of ₹55.7787 as of 10 Sep 2026, with scheme AUM of ₹6,800 Cr. Its 1-year, 3-year and 5-year returns are 5.02%, 11.4% and 11.52%, and the fund sits in the High Risk category. Our view is that this is a focused equity option for investors who can accept sharper swings in pursuit of long-term equity-style compounding rather than steady short-term stability.

The fund’s recent move has been uneven, but its longer-term pattern is more constructive, especially over 3 years and 5 years. Against the Nifty 50 benchmark, it has held up better over the longer periods, which matters more for a concentrated equity strategy than a single short run.

Quick facts

Particular	Details
NAV	₹55.7787 as of 10 Sep 2026
AUM	₹6,800 Cr
Expense Ratio	0.81%
Launch Date	30 Oct 2014
Min SIP	₹1,000
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	1% on or before 12M
Fund Managers	Mayur Patel, Viral Mehta

The fund is managed by Mayur Patel and Viral Mehta.

Source data date: as of 10 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-1.28%	-4.06%
3M	8.57%	1.37%
1Y	5.02%	-7.31%
3Y	11.4%	6.07%
5Y	11.52%	5.91%

Recent performance is mixed, but it is not weak in every slice. The fund was slightly negative over 1 month, yet it still held up better than the benchmark over that same period. Over 3 months, it recovered well and moved ahead of the benchmark by a wide margin, which suggests that the short-term path has been choppy rather than one-directional.

Over 1 year, the gap versus the benchmark is much clearer. The fund posted a positive return while the benchmark was negative, which shows relative resilience in a difficult market phase. That matters because it tells us the strategy has not simply relied on a rising index to create returns.

The longer record is also more supportive. Over 3 years and 5 years, the fund’s returns are ahead of the benchmark and are fairly close to each other, which points to a more consistent compounding pattern than a one-off surge. The five-year figure at 11.52% is only slightly above the 3-year figure at 11.4%, so our reading is that the fund has compounded steadily rather than depending on a single strong burst.

In our view, the recent volatility does not erase the broader trend, but it does show that investors may experience uneven stretches along the way. For a focused equity fund, that is important context: upside has been present, but the path has not been smooth.

Source data date: as of 10 Sep 2026

Should you BUY or HOLD 360 ONE Focused?

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 Focused Fund Direct Growth Plan	5.02%	11.4%	11.52%
Motilal Oswal Focused Fund Direct Growth Plan	27.62%	14.11%	10.76%
Old Bridge Focused Fund Direct Growth Plan	18.27%	Data not available	Data not available
SBI Focused Fund Direct Growth Plan	12.99%	15.77%	12.23%
ITI Focused Fund Direct Growth Plan	12.49%	18.7%	Data not available
Quant Focused Fund Direct Growth Plan	11.83%	13.14%	13.75%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The fund’s 1-year return trails the stronger peer figures in this group, while its 3-year and 5-year numbers are more moderate. That makes the short-term picture look weaker than several peers, even though the fund has still stayed positive when the benchmark was negative over 1 year. Over the longer periods, it remains behind funds such as SBI Focused Fund Direct Growth Plan and Quant Focused Fund Direct Growth Plan on the available figures.

The comparison also tells two different stories. In the shorter window, the fund looks more subdued than several peers that have posted much stronger gains. In the longer window, however, the gap is less dramatic because the fund has still compounded steadily and has stayed ahead of the benchmark on both 3-year and 5-year returns. That mix suggests a strategy that has not captured the strongest peer bursts, but has still delivered a usable long-term track record.

Source data date: as of 10 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
ICICI Bank Limited	Bank	9.58%
Bharti Airtel Limited	Telecom	6.37%
Cholamandalam Investment and Finance Company Ltd	Finance	5.96%
Axis Bank Limited	Bank	5.58%
Bajaj Finance Limited	Finance	5.41%
Eternal Limited	Retailing	5.21%
Indus Towers Limited	Telecom	5.1%
Tata Motors Ltd	Domestic Equities	4.64%
Premier Energies Limited	Trading	4.18%
The Indian Hotels Company Limited	Hospitality	4.13%

The top 10 holdings account for approximately 56.16% of the portfolio.

To see all holdings, visit the 360 ONE Focused Fund Direct Growth Plan page

ICICI Bank Limited is the largest holding at 9.58%, so it is likely to have greater influence on the fund than any other single position. The next few holdings also sit in the mid-single digits, which means the portfolio is not relying on one dominant stock alone, but the first position still stands out.

The weight drops from 9.58% in the largest holding to 4.13% in the tenth, which shows a meaningful spread across the top slice. That said, the portfolio still looks fairly focused because the top 10 holdings together account for 56.16% of assets. In a portfolio with 30 disclosed holdings, that concentration may make the fund more sensitive to the performance of a relatively small group of positions.

Our view is that this structure may suit investors who are comfortable with a concentrated equity approach rather than broad diversification. The combination of a sizeable top position and a long tail of smaller holdings suggests that stock selection is important here, but it does not leave the fund fully dependent on a single name.

Source data date: as of 10 Sep 2026

Who should invest

This fund is best suited to investors who can tolerate High Risk and who are comfortable with a focused equity style that may move around more than a broad index fund. The 1-year return is much softer than the 3-year and 5-year numbers, so the return pattern points to a strategy that needs time to work through short-term swings.

We think the better fit is a longer investment horizon, where the steadier 3-year and 5-year compounding pattern has more room to matter. Against the benchmark, the fund has been stronger over the longer periods, but the recent run has been less consistent, so investors need to accept uneven stretches in exchange for the possibility of higher participation when the portfolio’s main positions do well.

The main trade-off is straightforward: the fund offers a concentrated equity exposure with a solid long-term record versus the benchmark, but it does not provide the smoother ride that lower-risk funds aim for.

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% on or before 12M. No exit load after holding period.

Source data date: as of 10 Sep 2026

Frequently asked questions

What is the current NAV of 360 ONE Focused Fund Direct Growth Plan?
The current NAV is ₹55.7787 as of 10 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is 5.02%, its 3-year return is 11.4%, and its 5-year return is 11.52%.

How has it done against the benchmark?
It has outperformed the Nifty 50 over 3 years and 5 years, and it also stayed ahead over 1 year.

How does it compare with peer funds on the available return data?
Its short-term return is weaker than several peers in this group, while its 3-year and 5-year figures are also behind some of the stronger peer outcomes.

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

What are the fund’s risk profile, holdings and exit load?
It is in the High Risk category and its top holding is ICICI Bank Limited at 9.58%. The exit load is 1% on or before 12M, and there is no exit load after the holding period.

Bottom line

360 ONE Focused Fund Direct Growth Plan shows a weaker short-term patch than its longer-term record, but its 3-year and 5-year returns still sit ahead of the benchmark. Compared with peers on the available figures, it has not matched the strongest recent gains, yet it has delivered a steadier long-term profile than the benchmark alone would suggest. The portfolio is focused, with ICICI Bank as the largest holding and more than half of assets in the top 10 positions, so investors need to accept concentration risk along with the possibility of equity-style compounding.

Published on 11 September 2026 at 3:32 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.