360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 12.53 as on 30-04-2024
Fund Performance
292 people have invested ₹ 17.2L in 360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth in the last three months
About the 360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth
360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth is an equity fund. This fund was started on 2 January, 2023. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- 360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth has ₹62 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.3.
Overview
 | 0.27% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹62 Cr |
 | 2 January, 2023 |
 | ₹500/₹500 |
 | 0% |
 | 3 Years |
 TurnOver | 1.35% |
360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
98.1%
Mid cap
0.6%
Sector Allocation
Financial Services
33.5%
Energy
13.8%
Tech
13.1%
Consumer Cyclical
9.1%
Consumer Defensive
8.2%
Basic Materials
6.3%
Industrial
5.5%
Health
4.4%
Communication
3.2%
Utilities
2.9%
Top Holdings of 360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth as on (31-Mar-24)
Equity Holdings50
Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 1.53% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 2.00% in Mar'24
AUM Change
- AUM of the fund stands at 58.4 Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Bharti Airtel Ltd | 8.9% |
 ITC Ltd | 3.1% |
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -4.4% |
 Tata Consultancy Services Ltd | -2.4% |
 Axis Bank Ltd | 7.3% |
Peer Analysis
360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 18.48% since inception which is more than its category average return of 15.83%
Fund Allocations
This fund has an allocation of 98.72% in Equity, 0% in Debt and 1.28% in Cash related instruments
AUM size ₹62 Cr
This fund has AUM of ₹62 Cr which is less than its category average of ₹ 3525 Cr
Expense Ratio 0.27%
This fund has an expense ratio of 0.27% which is less than its category average expense ratio of 1.48%
Frequently Asked Questions
The current NAV of 360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth is ₹12.53 as on 30-Apr-2024.
Existing (Absolute + CAGR) as on 30-Apr-2024.
360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.39% | 1.39% |
6 Month Returns | 18.9% | 18.9% |
1 Year Returns | 26.13% | 26.13% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.27% as on March 2024
₹62 Cr as on March 2024
HDFC Bank Ltd(10.94%), Reliance Industries Ltd(10.11%), ICICI Bank Ltd(7.71%), Infosys Ltd(5.38%), Larsen & Toubro Ltd(4.48%) as on March 2024
Financial Services(33.08%), Energy(13.58%), Tech(12.89%) as on March 2024
The alpha ratio for the 360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth | -0.45 | - | - |
As on March 2024
The alpha for 360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the 360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth | 1 | - | - |
As on March 2024
The Beta for 360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the 360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth | 1.88 | - | - |
As on March 2024
The sharpe ratio for 360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the 360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth | 10.53 | - | - |
As on March 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
The Exit load of 360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth is 0%