Publish Date:
360 ONE Mutual Fund introduces – 360 ONE Balance Hybrid Fund
It is an open-ended balanced scheme investing in equity and debt instruments.
Accordingly, the investment objective of the fund is to generate long term capital appreciation/income by investing in equity and debt instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Under normal circumstances, 360 ONE Balance Hybrid Fund will hold an allocation of 40% to 60% of its assets in Equity or Equity Related Instruments across market capitalization and 40% to 60% in Debt and money market instruments.
As per the Scheme Information Document, 360 ONE Balance Hybrid Fund endeavours to meet its objectives mainly from asset allocation across asset classes.
This approach will help reduce the risk of tracking the individual asset classes. Based on historical observations, these asset classes exhibit very different risk return profiles and a low correlation to each other. Both debt and equity tend to outperform each other on a relative risk adjusted basis under different market conditions.
The fund strategy is based on the persistence of such outperformance over longer periods. The Scheme will allocate higher weight to the asset class that is relatively favourable under the prevailing market and economic conditions. The fund manager will aim for superior risk adjusted returns over long time periods.
360 ONE Balance Hybrid Fund performance will be benchmarked against Nifty 50 Hybrid Composite Debt 50:50 Index
The scheme will be managed by Mr Mayur Patel (for equity portion) and Mr Milan Mody (for debt portion)
The NFO opens for subscription on September 04, 2023 and closes on September 18, 2023. The schemes will reopen for continuous sale and repurchase on October 03, 2023.
The fund's face value is Rs 10/- per unit. The minimum subscription amount is Rs 1,000/- and in multiples of Re. 1/- thereof.
The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum capital withdrawal (IDCW) options.