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 ₹12.3809 as of 16 September 2026 and an AUM of ₹510 Cr. Its 1-year, 3-year and 5-year returns are 18.54%, Data not available and Data not available, and the scheme sits in the High Risk category.

Our view is that this is a multi-asset hybrid fund with a return profile that has been stronger over 1 year than the benchmark, while the limited history means longer-term trailing figures are not yet available. The portfolio mix, led by gold and silver exposure alongside debt, REITs and equities, suggests a diversified structure that may appeal to investors comfortable with higher volatility and a changing asset mix.

Quick facts

Particular	Details
NAV	₹12.3809 as of 16 Sep 2026
AUM	₹510 Cr
Expense Ratio	0.39%
Launch Date	20 Aug 2025
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, 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 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-1.56%	-4.41%
3M	0.99%	-3.6%
1Y	18.54%	-7.76%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The fund has held up better than the benchmark over the short window shown. The 1-month return was mildly negative, but it was still less weak than the benchmark, and the 3-month figure moved back into positive territory while the benchmark remained negative. That pattern suggests the fund has recently been more resilient than the index, even though the path has not been smooth.

The 1-year return stands out more clearly. At 18.54%, the fund has materially outpaced the benchmark’s negative 1-year reading, which points to stronger recent compounding for the scheme than for the reference index. Because the scheme launched in August 2025, 3-year and 5-year trailing returns are not available, so we do not yet have a full cycle to judge consistency across market phases.

The daily pattern in the 1-month, 3-month and 1-year paths shows modest pullbacks and recoveries rather than a straight line. That matters for a High Risk fund, because the short-run behaviour indicates that gains can come with noticeable swings. The current picture is therefore one of better recent participation than the benchmark, but still with enough fluctuation to require patience.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD 360 ONE Multi Asset Allocation?

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 Multi Asset Allocation Fund Direct Growth Plan	18.54%	Data not available	Data not available
Quant Multi Asset Allocation Fund Direct Growth Plan	14.8%	21.38%	19.38%
Kotak Multi Asset Allocation Fund Direct Growth Plan	14.1%	Data not available	Data not available
Bandhan Multi Asset Allocation Fund Direct Growth Plan	12.25%	Data not available	Data not available
DSP Multi Asset Allocation Fund Direct Growth Plan	12.2%	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 available 1-year figures, the fund is ahead of the listed peer set. The only peer here with longer trailing figures available also shows stronger 3-year and 5-year numbers, so the short-term edge for this scheme does not automatically translate into a longer record. That split tells us the recent run has been good, but the evidence set for longer-horizon comparison is still thin for this scheme.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
360 One Gold Exchange Traded Fund	Domestic Mutual Funds Units – Gold	19.84%
ICICI Prudential Silver ETF	Domestic Mutual Funds Units – Silver	10.85%
TREPS	Cash & Cash Equivalents and Net Assets	3.19%
ICICI Prudential Gold ETF	Domestic Mutual Funds Units – Gold	2.97%
8.6% Cholamandalam Investment and Finance Company Ltd (05/03/2029) **	Corporate Debt	2.36%
9.25% SK Finance Limited (02/01/2028) **	Corporate Debt	2.33%
Net Receivables / (Payables)	Cash & Cash Equivalents and Net Assets	2.26%
Bagmane Prime Office Reit	Reits & Invits	2.21%
ICICI Bank Limited	Bank	2.03%
8.25% Poonawalla Fincorp Limited (11/05/2028)	Corporate Debt	1.96%

The largest disclosed holding is 360 One Gold Exchange Traded Fund at 19.84%, which is large enough to matter on its own. The tenth holding is 8.25% Poonawalla Fincorp Limited at 1.96%, so the weight falls sharply from the first line item to the end of the visible list. That drop suggests the portfolio is not simply spread evenly across the top names; the leading position carries a much bigger role than the smaller satellite holdings.

The top 10 disclosed holdings together account for approximately 50% of the portfolio, and the fund has 49 disclosed holdings overall. That combination points to a structure that is fairly broad, but still anchored by a few positions at the top. In practical terms, the gold and silver funds, cash-like exposure, debt and REIT positions may all contribute differently across market conditions, while the largest holding is likely to have greater influence than any single smaller line item.

To see all holdings, visit the 360 ONE Multi Asset Allocation Fund Direct Growth Plan page

Source data date: as of 16 Sep 2026

Who should invest

This fund suits investors who can tolerate High Risk exposure and are comfortable with a return path that may move around over short periods. The 1-year figure has been strong relative to the benchmark, but the lack of a longer live history means investors need to focus on the structure of the portfolio as much as the recent numbers.

It is more suitable for a medium- to long-term horizon, especially for investors who want multi-asset exposure rather than a single-style equity fund. The main trade-off is that diversification across gold, silver, debt, REITs and equities may help balance different market conditions, but the higher-risk profile means outcomes can still vary meaningfully from month to month.

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

Source data date: as of 16 Sep 2026

Frequently asked questions

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

The current NAV is ₹12.3809 as of 16 September 2026.

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

The 1-year return is 18.54%, while the 3-year and 5-year returns are Data not available.

How has the fund performed against its benchmark?

It has outperformed the benchmark over 1 month, 3 months and 1 year. The 1-year benchmark reading is -7.76%, compared with the fund’s 18.54%.

How does it compare with the peer funds listed here?

On the available 1-year figures, it is ahead of the listed peer funds. For longer periods, only one peer has 3-year and 5-year figures available, and those longer-term figures are higher than the current fund’s unavailable trailing history.

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, Milan Mody, Rahul Khetawat and Viral Mehta. Exit load is nil on units sold after 12 months; before that, it is nil up to 10% of units and 1% for the remaining units.

Bottom line

The fund’s recent return profile is stronger than the benchmark, but its longer-term live history is still too short to judge consistency across full market cycles. Compared with the listed peers, the 1-year number is ahead, while the only available longer trailing peer record is better than this scheme’s current history. The portfolio is anchored by gold and silver funds with additional debt, REIT and equity exposure, which gives it a diversified but still clearly higher-risk profile. That mix may suit investors who want a multi-asset allocation sleeve and can accept short-term variation.

Published on 17 September 2026 at 10:56 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.