Publish Date:
360 ONE Mutual Fund has launched – 360 ONE Flexicap Fund
It is an open-ended dynamic equity scheme investing across large cap, mid cap and small cap stocks.
Accordingly, the investment objective of the scheme is to generate long-term capital appreciation by primarily investing in equity and equity related securities across the entire market capitalization range and investing the remaining portion in debt and money market instruments.
Under normal circumstances, 360 ONE Flexicap Fund will hold an allocation of 65% to 100% of its assets in Equity or Equity Related Instruments across market capitalization (including derivatives and covered call), 0% to 10% in Listed Preference shares, 0% to 35% Debt and money market instruments and 0% to 10% Units issued by REITs and InvITs.
As per the Scheme Information Document, 360 ONE Flexicap Fund will invest in stocks across market capitalization with no market cap bias. The Scheme will follow a bottom-up approach to stock-picking and choose companies across sectors/styles without any bias.
The scheme intends to follow SCDV Framework along with internal (financial analysis, corporate governance checks, risk reward evaluation, etc) and external analysis (conferences, investor presentations, management interaction, primary visits across supply chain, etc) for security selection.
360 ONE Flexicap Fund’s performance will be benchmarked against S&P BSE 500 TRI
The scheme will be managed by Mr Mayur Patel.
The NFO opens for subscription on June 12, 2023 and closes on June 26, 2023. The schemes will reopen for continuous sale and repurchase on or before July 06, 2023
The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 1,000/- and in multiples of any amount thereafter.
The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum capital withdrawal option (IDCW) option.