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

360 ONE Multi Asset Allocation Fund Direct Growth Plan currently has a NAV of ₹12.7025 as of 28 August 2026 and an AUM of ₹482 Cr. Its 1-year, 3-year and 5-year returns are 26.7411%, 0% and 0% respectively, and the fund is tagged as High Risk. Our view is that the scheme has delivered a strong short-term outcome, but the lack of longer track record means the current snapshot is more useful for understanding early behaviour than for judging a full market cycle.

The fund’s current portfolio mix, with meaningful gold, debt and government-securities exposure alongside a modest equity sleeve, suggests a multi-asset structure that may help smooth participation across market conditions. That said, the near-term return pattern has been uneven, so investors who want steadier compounding over a longer horizon should read the recent performance in the context of the fund’s limited history.

Quick facts

Metric	Value
NAV	₹12.7025
AUM	₹482 Cr
Expense Ratio	0.39%
Launch Date	20 August 2025
Min SIP	₹1000
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Hybrid
Exit Load	Nil up to 10% of units and 1% for remaining units on or before 12 months, Nil after 12 months
Fund Managers	Mayur Patel, Milan Mody, Rahul Khetawat, Viral Mehta

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

Source data date: as of 28 Aug 2026

Performance

Period	Fund return	Benchmark return
1M	3.58%	-0.85%
3M	4.56%	3.39%
1Y	26.74%	-2.29%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

Recent numbers show a fund that has been firm over short windows. The 1-month return of 3.58% stands well ahead of the benchmark’s -0.85%, and the 3-month return of 4.56% is also above the benchmark’s 3.39%. That tells us the strategy has kept moving positively through the latest stretch rather than stalling.

The bigger signal is the 1-year return of 26.74%, which is far stronger than the benchmark’s -2.29% over the same period. This gap matters because it suggests the fund has not simply kept pace in a rising market; it has also held up through a benchmark that finished lower over one year. The short-term path has not been perfectly smooth, but the direction of travel remains constructive.

We would be careful, however, about drawing a full-cycle conclusion from this record. The fund was launched on 20 August 2025, so the 3-year and 5-year fields are not yet available in a meaningful way. That means the current pattern is best read as an early performance phase rather than a mature long-term history.

In practical terms, the recent figures suggest a strategy that has benefited from its multi-asset mix, but investors should still expect the results to evolve as the fund’s history lengthens. The benchmark comparison is favourable across the visible horizons, yet the absence of long-run data keeps the interpretation centred on near-term momentum.

Source data date: as of 28 Aug 2026

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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 Multi Asset Allocation Fund Direct Growth Plan	26.7411%	Data not available	Data not available
Kotak Multi Asset Allocation Fund Direct Growth Plan	22.5917%	Data not available	Data not available
Quant Multi Asset Allocation Fund Direct Growth Plan	21.981%	23.4286%	20.9214%
DSP Multi Asset Allocation Fund Direct Growth Plan	21.0113%	Data not available	Data not available
Mahindra Manulife Multi Asset Allocation Fund Direct Growth Plan	19.7188%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the visible 1-year figures, the fund is ahead of the peer set shown here, with 26.74% versus the next-highest 22.59%. That makes the recent run stand out, even though the peer gap is not extreme.

Longer-term comparison is less balanced because only one peer has 3-year and 5-year data available, and that peer shows 23.4286% and 20.9214% respectively. Against that reference point, the current fund cannot yet be compared on a like-for-like long-term basis. The short-term story is clearly stronger than the long-term one, mainly because the fund itself does not yet have a long enough track record for the same horizon set.

Source data date: as of 28 Aug 2026

Portfolio: where your money goes

Market-cap distribution

Market-cap bucket	Allocation
Large cap	16.72%
Mid cap	3.62%
Small cap	5.09%
Other	70.89%

Sector	Allocation	Top holdings
DOMESTIC MUTUAL FUNDS UNITS – GOLD	21.04%	360 ONE GOLD EXCHANGE TRADED FUND (19.26%), ICICI PRUDENTIAL GOLD ETF (1.67%)
CORPORATE DEBT	16.88%	6.9% HOUSING & URBAN DEVELOPMENT CORPORATION LIMITED (06/05/2030) ** (1.93%), 7.5343% PNB HOUSING FINANCE LIMITED (13/01/2031) ** (1.57%)
GOVERNMENT SECURITIES	16.75%	6.68% GOVERNMENT OF INDIA (07/07/2040) (2.11%), 6.33% GOVERNMENT OF INDIA (05/05/2035) (1.97%)
CASH & CASH EQUIVALENTS AND NET ASSETS	8.93%	TREPS (4.63%), NET RECEIVABLES / (PAYABLES) (3.44%)
FINANCE	5.89%	BROOKFIELD INDIA REAL ESTATE TRUST (1.6%), CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD (1.23%)

The structure is more defensive and diversified than a simple equity-heavy hybrid fund. The visible allocations put 70.89% in the broader “Other” bucket, while large-cap exposure is 16.72%, small-cap exposure is 5.09% and mid-cap exposure is 3.62%. That mix suggests the equity risk taken at the market-cap level is relatively modest compared with the large allocation to non-standard buckets and income-oriented assets.

The largest visible sector is gold at 21.04%, and it is only a little above corporate debt at 16.88% and government securities at 16.75%. Because those three sleeves are fairly close to one another, no single visible sector dominates the portfolio by an overwhelming margin. Instead, the fund appears to spread influence across gold, debt and sovereign exposure, which may help reduce dependence on one asset class alone.

Gold may have the greatest influence on portfolio behaviour because it is the single largest visible sector and sits ahead of the two debt-related sleeves. At the same time, the combined debt and government-securities exposure is substantial, so rate movements and credit conditions could still matter meaningfully. Our read is that the portfolio leans toward stability and diversification rather than pure equity-style growth.

Source data date: as of 28 Aug 2026

Who should invest

This fund suits investors who are comfortable with High Risk and who can hold through uneven short-term moves while the strategy develops a longer record. The visible one-year return is strong, but the absence of meaningful 3-year and 5-year history means the fund is still in an early evaluation stage.

It may appeal to investors looking for a multi-asset allocation approach rather than a pure equity fund, especially where gold and debt exposure matter alongside market participation. The trade-off is clear: you get a diversified structure and recent momentum, but not the reassurance of a long, tested compounding history. A medium- to longer-term horizon is more sensible than a short-term return chase.

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 up to 10% of units and 1% for remaining units on or before 12 months.
• No exit load after the holding period.

Source data date: as of 28 Aug 2026

Frequently asked questions

What is the current NAV of 360 ONE Multi Asset Allocation Fund Direct Growth Plan?

The current NAV is ₹12.7025 as of 28 August 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The 1-year return is 26.7411%, while the 3-year and 5-year returns are not available in a meaningful way yet. The fund was launched on 20 August 2025, so the longer horizons are not yet established.

How has the fund performed versus Nifty 50?

The fund has done better than Nifty 50 over the visible short periods. It returned 3.58% over 1 month, 4.56% over 3 months and 26.74% over 1 year, while Nifty 50 returned -0.85%, 3.39% and -2.29% over the same periods.

How does it compare with the peer funds shown here on 1-year returns?

Its 1-year return of 26.74% is ahead of the other peer funds shown here on the same measure. Among the visible peers, the next highest 1-year figure is 22.59%.

What is the minimum SIP amount?

The minimum SIP amount is ₹1000.

Who manages the fund and what is the exit load?

The fund is managed by Mayur Patel, Milan Mody, Rahul Khetawat and Viral Mehta. The exit load is nil up to 10% of units and 1% for remaining units on or before 12 months, and there is no exit load after the holding period.

Bottom line

The fund’s recent performance is clearly stronger than its longer-term history, but that is mainly because the longer-term record is not yet established. Against the benchmark and the peer set shown here, the short-term numbers are favourable, while the portfolio’s gold, debt and government-securities mix points to a diversified, multi-asset profile. It is best viewed as a High Risk hybrid option for investors who can accept an evolving track record in exchange for recent momentum and a broader asset mix.

Published on 31 August 2026 at 2:25 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.