360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 21-11-2024
₹ 13.06
1D
Inception Returns
15%
/yr
About 360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth
360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth is an equity fund. This fund was started on 2 January, 2023. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- 360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth has ₹75 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.3.
Returns
360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth has given a CAGR return of 14.99% since inception. Over the last 1 year the fund has given a CAGR return of 19.03%.
Holdings
360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Energy, Consumer Cyclical, Consumer Defensive, Basic Materials, Industrial, Health, Communication, Utilities. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, ITC Ltd
Taxation
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of 360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth
The investment objective of scheme is to invest in 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, while offering deduction on such investment made in the scheme under section 80C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus. There is no assurance or guarantee that the investment objective of the Scheme would be achieved. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to avail Section 80C benefits.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for 360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth of 3 Years
Historical NAV & Returns
360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth Overview
| Expense ratio | 0.27% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹75 Cr |
| Inception Date | 2 January, 2023 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 10.28% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (21-Nov-24)
Fund Distribution
as on (31-Oct-24)
- This fund’s returns stands at -6.10% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 0.42% in Oct'24
- AUM of the fund stands at 78.7 Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top 3 Sectors in October were Financial Services, Tech & Energy
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 12.04% | 0.8% | |
 ICICI Bank Ltd | 8.32% | 0.3% | |
 Reliance Industries Ltd | 8.26% | 0.4% | |
 Infosys Ltd | 5.78% | -0.2% | |
 ITC Ltd | 4.16% | 0.8% |
Top Growth Drivers | 1M Return |
|---|---|
 HDFC Bank Ltd | 0.8% |
360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹75 Cr
Expense Ratio 0.27%
Frequently Asked Questions for 360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth
360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -5.62% | -5.62% |
6 Month Returns | 4.34% | 4.34% |
1 Year Returns | 19.03% | 19.03% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth | -0.26 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth | 0.99 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth | 1.48 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
360 ONE ELSS Tax Saver Nifty 50 Index Fund Direct Growth | 12.7 | - | - |