360 ONE Flexicap Fund
Direct · GrowthAI Summary
The 360 ONE Flexicap Fund has delivered a 1-year SIP XIRR of 15.35%, slightly below the category average of 15.6%, but its 3-year XIRR of 11.27% is notably lower than the category's 14.89%. Over longer periods, the fund has consistently outperformed the NIFTY 50 benchmark, with a 3-year fund CAGR of 19.58% versus 7.75% for the benchmark, and positive alpha across all time frames. However, recent calendar year returns have been modest, with 2025 at 1.98% and 2026 YTD at 8.06%.
The fund exhibits moderate risk with a maximum drawdown of -18.12% and an average drawdown of -4.21%, indicating relatively contained downside. The Calmar ratio improves from 0.87 at 1 year to 1.02 at 3 years, suggesting better risk-adjusted returns over longer horizons. Downside capture ratios below 100% (e.g., 89.14% at 3 years) indicate the fund loses less than the benchmark during market declines, while upside capture above 100% shows it participates well in rallies.
The portfolio is well-diversified across 47 holdings, with top 10 positions accounting for about 36.3% of assets. Sector concentration is moderate, with banks (14.2%) and finance (9.2%) being the largest exposures, followed by electrical equipment (8.8%) and telecom services (6.7%). Key holdings include ICICI Bank, GE Vernova T&D India, and Larsen & Toubro, reflecting a blend of financials and infrastructure names.
The fund's 1-year XIRR is close to the category average, but its 3-year XIRR lags by 3.6 percentage points, indicating underperformance relative to peers in the medium term. Despite this, the fund has shown strong long-term outperformance against the benchmark, with alpha declining from 15% at 1 year to 2.13% at 15 years, suggesting diminishing but persistent edge. The fund's expense ratio of 0.48% is competitive, which may help net returns over time.
This fund is suitable for investors with a long-term horizon (5+ years) who can tolerate moderate volatility and drawdowns of around 18%. It is best for those seeking diversified equity exposure with a focus on financials and infrastructure, and who value consistent outperformance over the benchmark. Investors with a lower risk tolerance or shorter time frame may find the recent underperformance versus category peers concerning.
- Consistent positive alpha over the benchmark across all time periods, with 3-year alpha of 11.83%.
- Lower downside capture than the benchmark (e.g., 89.14% at 3 years), indicating better protection in market downturns.
- Low expense ratio of 0.48% (Direct plan) enhances net returns for investors.
- 3-year SIP XIRR of 11.27% is significantly below the category average of 14.89%, indicating underperformance versus peers.
- Recent calendar year returns have been weak, with 2025 at 1.98% and 2026 YTD at 8.06%, which may signal a period of subdued performance.
Generated on 30-08-2026, 3:01 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 | ₹12.45 L | 15.3% | -22.6% | 71.9% |
| 3 Years | ₹36.00 L | ₹42.32 L | 11.3% | 7.6% | 14.1% |
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 | 15.3% | 14.4% | 15.6% | +0.9% |
| 3 Years | 11.3% | 11.1% | 14.9% | +0.1% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 15.8% | 7.9% | -6.5% | 56.7% | 0.50 | 2.40 | 85% | — | — |
| 3 Years | 18.5% | 18.2% | 17.3% | 19.8% | 14.39 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +15.00 | 1.06 | 112.6% | 94.2% | 11.6% | -2.9% |
| 3 Years | +11.83 | 1.00 | 104.0% | 89.1% | 19.6% | 7.8% |
| 5 Years | +6.83 | 0.99 | 103.1% | 88.2% | 11.4% | 4.6% |
| 7 Years | +4.76 | 0.99 | 103.1% | 88.2% | 8.0% | 3.2% |
| 10 Years | +3.26 | 0.99 | 103.1% | 88.2% | 5.5% | 2.3% |
| 12 Years | +2.70 | 0.99 | 103.1% | 88.2% | 4.6% | 1.9% |
| 15 Years | +2.13 | 0.99 | 103.1% | 88.2% | 3.7% | 1.5% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | ICICI Bank Limited | 4.68% |
| 2 | GE Vernova T&D India Limited | 4.67% |
| 3 | Larsen & Toubro Limited | 3.80% |
| 4 | Kotak Mahindra Bank Limited | 3.67% |
| 5 | Indus Towers Limited | 3.65% |
| 6 | Axis Bank Limited | 3.40% |
| 7 | Cholamandalam Investment and Finance Company Ltd | 3.40% |
| 8 | Tata Motors Ltd | 3.30% |
| 9 | Bharti Airtel Limited | 3.05% |
| 10 | Multi Commodity Exchange of India Limited | 2.89% |