360 ONE ELSS Tax Saver Nifty 50 Index Fund
Direct · GrowthAI Summary
The 360 ONE ELSS Tax Saver Nifty 50 Index Fund has delivered a 1-year XIRR of 11.50% and a 3-year XIRR of 6.22%, both significantly below the category average SIP XIRR of 17.08% and 15.16% respectively. Over all time horizons, the fund has consistently outperformed the NIFTY 50 benchmark, with positive alpha ranging from 0.19% (15Y) to 0.94% (3Y), and has shown slightly better downside capture than upside capture, indicating modest downside protection. However, the fund's point-to-point CAGR has been negative in the last 1 year (-1.99%) and positive but low over longer periods, reflecting the volatile market conditions.
The fund exhibits a maximum drawdown of -15.39% with a recovery period of 237 days, and an average drawdown of -4.09%, indicating moderate downside risk. The Calmar ratios of 0.80 (1Y) and 0.71 (3Y) suggest reasonable risk-adjusted returns relative to drawdown, though the 3Y ratio is slightly lower. The fund's beta is near 1.00, confirming it closely tracks the market, and its downside capture is consistently below 100%, implying it loses slightly less than the benchmark in down markets.
The fund's top 10 holdings account for 53.31% of NAV, with HDFC Bank (10.71%) and Reliance Industries (8.76%) as the largest positions, reflecting a heavy tilt towards financials and energy. Sector concentration is high in Banks (28.8%), followed by Petroleum Products (8.8%) and IT - Software (8.6%), which together make up over 46% of the portfolio. With 50 total holdings, the fund offers moderate diversification, but the significant banking exposure could lead to sector-specific risk.
The fund's XIRR returns are substantially below the category average across all time periods, indicating it has underperformed its ELSS peers, likely due to its index-tracking nature and the recent underperformance of the Nifty 50. The fund has consistently beaten the benchmark with positive alpha, but the category average includes actively managed funds that have delivered higher returns. The fund's performance consistency is evident in its positive alpha across all horizons, but the absolute returns are low, especially in the 1-year period.
This fund is suitable for investors seeking tax savings under Section 80C with a long-term horizon (at least 3 years) and who prefer a low-cost, passive investment in large-cap stocks. It is best for those with a moderate risk tolerance who are comfortable with market-linked returns and can withstand drawdowns of around 15%. Investors looking for higher returns than the index or who are willing to take on active management risk may find better options in other ELSS funds.
- Consistent positive alpha over the benchmark across all time horizons, ranging from 0.19% to 0.94%.
- Low expense ratio of 0.27%, which is cost-effective for an index fund.
- Slightly lower downside capture (98.63% to 98.82%) compared to upside capture, indicating some downside protection.
- Significant underperformance versus the category average, with 1Y XIRR of 11.50% vs 17.08% and 3Y XIRR of 6.22% vs 15.16%.
- High concentration in banking sector (28.8%), which could lead to sector-specific volatility and drawdowns.
Generated on 30-08-2026, 3:07 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.57 L | 11.5% | -20.9% | 40.7% |
| 3 Years | ₹36.00 L | ₹38.31 L | 6.2% | -0.2% | 13.8% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 11.5% | 14.4% | 17.1% | -2.9% |
| 3 Years | 6.2% | 11.1% | 15.2% | -4.9% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 12.4% | 9.8% | -7.0% | 34.3% | 0.52 | 1.44 | 85% | — | — |
| 3 Years | 10.9% | 10.6% | 7.5% | 14.6% | 2.10 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +0.87 | 1.00 | 100.0% | 98.8% | -2.0% | -2.9% |
| 3 Years | +0.94 | 0.99 | 99.9% | 98.7% | 8.7% | 7.8% |
| 5 Years | +0.65 | 0.99 | 99.9% | 98.6% | 6.5% | 5.8% |
| 7 Years | +0.45 | 0.99 | 99.9% | 98.6% | 4.6% | 4.1% |
| 10 Years | +0.30 | 0.99 | 99.9% | 98.6% | 3.2% | 2.9% |
| 12 Years | +0.24 | 0.99 | 99.9% | 98.6% | 2.6% | 2.4% |
| 15 Years | +0.19 | 0.99 | 99.9% | 98.6% | 2.1% | 1.9% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | HDFC Bank Limited | 10.71% |
| 2 | Reliance Industries Limited | 8.76% |
| 3 | ICICI Bank Limited | 8.19% |
| 4 | Bharti Airtel Limited | 4.99% |
| 5 | Larsen & Toubro Limited | 4.27% |
| 6 | State Bank of India | 4.02% |
| 7 | Infosys Limited | 3.76% |
| 8 | Axis Bank Limited | 3.30% |
| 9 | ITC Limited | 2.75% |
| 10 | Kotak Mahindra Bank Limited | 2.56% |