December 5, 2023
mayank
360 ONE ELSS Tax Saver Nifty 50 Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
Table of Contents:
- What is the Current NAV?
- Suitable For Which Investors?
- What is Fund’s Investment Strategy?
- Who is the fund Manager?
- What is investment Details?
- What is Basic Details?
- What is Trailing Returns (%)?
- Peer Comparison of Funds?
- Should You Invest in this Fund?
- Invest Online
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to invest in stocks comprising the Nifty 50 Index in the same proportion as in the index to achieve returns equivalent to the Total Returns Index of Nifty 50 Index (subject to tracking error).
Fund Manager:
1) Parijat Garg
Education: Mr. Garg is a computer science engineer from IIT Bombay and a CFA charter holder.
Experience: Prior to joining IIFL Asset Management Limited, he has worked with Quadeye Securities LLP as a portfolio manager and Tower Research Capital (India) as a quant analyst.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Exit Load | 0 |
| Lock-in Period | 3 Years |
Basic Details of 360 ONE ELSS Tax Saver Nifty 50 Index Fund
| Fund House | 360 ONE Mutual Fund |
| Launch Date | 28-Dec-22 |
| Return Since Launch | 14.68% |
| Benchmark | NIFTY 50 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 46 Cr |
| (As on 31-Oct-2023) | |
| Expense | 0.27% |
| (As on 31-Oct-2023) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| 360 ONE ELSS Tax Saver Nifty 50 Index Dir | — | 2.05 | 7.52 | 5.99 | 11.94 | — | — | — | — | — |
| S&P BSE 500 TRI | — | 1.84 | 8.47 | 7.33 | 16.93 | — | — | — | — | — |
| Equity: ELSS | — | 1.59 | 8.63 | 8.07 | 18.49 | — | — | — | — | — |
| Rank within category | — | 5 | 29 | 31 | 37 | — | — | — | — | — |
| Number of funds in category | 35 | 39 | 38 | 38 | 37 | 34 | 33 | 30 | 29 | 25 |
Peer Comparison of 360 ONE ELSS Tax Saver Nifty 50
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| 360 ONE ELSS Tax Saver Nifty 50 Index Dir | Unrated | — | — | — | 0.27 | 46 | 14.68 | — | 11M | — |
| Mirae Asset Tax Saver Dir | 4 star | 17.61 | 21.04 | 19.58 | 0.65 | 17,532 | 19.88 | — | 7Y 11M | 98.00 |
| SBI LT Eqt Dir | 4 star | 29.43 | 25.87 | 19.08 | 1.00 | 15,774 | 15.84 | — | 10Y 11M | 16.00 |
| DSP ELSS Tax Saver Dir | 4 star | 21.38 | 23.30 | 19.45 | 0.78 | 11,693 | 17.64 | — | 10Y 11M | 37.00 |
| Canara Robeco ELSS Tax Saver Dir | 4 star | 16.16 | 20.70 | 19.31 | 0.55 | 6,042 | 16.05 | — | 10Y 11M | 29.00 |
Portfolio Analysis
| No. of Stocks | 50 |
| Top 10 Stocks | 57.64% |
| Top 5 Stocks | 40.31% |
| Top 3 Sectors | 60.58% |
| Portfolio P/B Ratio | 3.23 |
| Portfolio P/E Ratio | 21.36 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 4,45,657 | 1,41,114 |
| Giant (%) | 91.59 | 51.56 |
| Large (%) | 8.09 | 20.35 |
| Mid (%) | 0.32 | 23.65 |
| Small (%) | — | 6.49 |
| Tiny (%) | — | 0.07 |
How to Invest in 360 ONE ELSS Tax Saver Nifty 50 Index Fund?
Chanakya’s Mutual Fund Guidance For 360 ONE ELSS Tax Saver Nifty 50 Index Fund
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
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