About Company
360 One Asset Management was the first to introduce Alternative Investment Funds (AIF) in India. Their alternative funds go beyond the conventional investment market and embrace unique possibilities regardless of borders.AIFs provide their investors with the opportunity to get off the track and invest in securities that are not open to the general public. Real estate, venture capital, hedge funds, commodities, pre-IPO placements, and derivative contracts can all help diversify a portfolio, reduce risk, and increase returns. AIFs can invest in listed equities, but the structure allows for investments in securities that are not available through a mutual fund platform
Fund Snapshot
| Fund Type | Category III Alternative Investment Fund, Close Ended |
| Initial Drawdown | 25% of the commitment amount |
| Subsequent Drawdown | 15% of the commitment, payable bimonthly mandatorily through auto-debit required using NACH mandate |
| Redemption Frequency | Weekly |
| Benchmark | S&P BSE 500 |
| Minimum Commitment Fees |
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| Fund Manager | Aniruddha Sarkar |
| Fund Tenure | Up to 5 years from final closing date |
| Commitment Period | Up to 24 months from Final Closing, at the discretion of Investment Manager to extend by up to 6 months |
| Target size | INR 1,500 crore |
Investment Process
- Theme Selection
- Selection of different themes based on internal research, evaluation and macro-economic factors
- Advisor Selection
- Appoint Advisors with strong track record for providing research and non-binding advice
- Leverage 360 One group’s network to access the best advisors
- Appoint Advisors with strong track record for providing research and non-binding advice
- Portfolio Construction
- Allocation across various themes by 360 One AMC investment team
- Min allocation to a single theme: 20%
- Max allocation to a single theme: 40%
- Ongoing Monitoring
- Ongoing review of portfolio and regular rebalancing to capitalize on changing macro-economic conditions
- Ongoing review of portfolio and regular rebalancing to capitalize on changing macro-economic conditions
Unique Feature
Optimal Portfolio Selection
- Portfolio selection based on in-house expertise
- Disciplined investment implementation
- Diversification across market caps
Continuous Monitoring
- Allocation based on internal evaluation & change in macroeconomic outlook
- Ongoing portfolio evaluation by the highly experienced investment team
Flexibility
- Flexibility to modify allocations dynamically with market changes
- Cost effective as all changes are in same portfolio and not different schemes
Investment Philosophy
360 One Multi Strategy fund aims to invest across three investment themes viz the multicap, large/mid cap and small-cap. This is category III closed-ended alternative investment and the minimum ticket size is rupees one crore.
Multicap Research Process
Selection Philosophy
- Clear and SustainableBusiness Model
Easy understandable business model catering to large market. Resilient over market cycles
- Alignment of Interest: Promoter Stake
Sizeable promoter’s stake in the company, adequate corporate governance, & quality of management
- Position vs Peer Group
Consistent growth rates of 12-20% CAGR; outperform industry peers by a wide margin
- High Operating Metrics
Return On Equity > 15%, Return on Invested Capital >10%, Debt to Equity < 0.5x and low earnings volatility
Valuation
- Growth at Reasonable Price
- Companies growing at minimum 12-20% CAGR both in revenue and earnings
- Trading at a reasonable valuations (PEG ratio close to 1x)
Margin of Safety
- Companies at prices which provide a margin of safety and have limited downside
- The difference between the intrinsic value of the stock and its buying price should be substantial to justify that we purchase it at the prevailing price
- Risk – Return Payoff
- The risk-return payoff should be favourable in the ratio of 1:3 for downside : upside
Investment Focus
With limited options to invest savings, flows into financial instruments will see exponential growth Demand from large middle class base from Tier-B cities and rural India to drive growth Well capitalized Financial Institutions to take advantage of the cyclical turnaround opportunity
About Fund Managers
Anup Maheshwari
Anup Maheshwari as Chief Investment Officer and Whole-Time Director of 360 One Asset Management. Anup is liable for the investment and strategy for 360 One AMC’s business including collective finances and Indispensable Investment Finances (AIFs). He plays a crucial part in meeting the company’s aggressive growth pretensions as well as product development and contriving an innovative investment strategy.
An alumnus of the Indian Institute of Management, Lucknow, he has over 25 times of work experience in the financial services sector. Prior to joining 360 One Asset Management Limited, he has been associated with DSP Investment Directors Private Limited ( formerly known as DSP BlackRock Investment Directors Private Limited) over 21 times as an Administrative Vice President & Chief Investment Officer. He was also associated with HSBC Asset Management (India) Private Limited & Merrill Lynch India Equities Fund (Mauritius) Limited.
Mehul Jani
Mehul Jani is 360 One Asset Management’s Senior Executive Vice President | Fund Manager – Listed Equity. Mehul Jani, CFA, joins us from DSP Blackrock, where he worked as a Fund Manager and Analyst. Mehul joined DSP BlackRock as an Analyst in the Equities division in October 2008. Mehul worked as an Associate at Morgan Stanley Plc in London from 2004 to 2008, where he worked on structured product valuations and fund derivatives. He is a CFA charter holder and holds an MSc. in Banking and International Finance.
PORTFOLIO CONSTRUCTION
Combining Stocks under 360 One AMC coverage and Research Ideas from Advisors, 360 One Investment Team Shortlists stock ideas from combined pool. Then the final portfolio comes with a diversification across market cap including 40 to 50 stocks
PORTFOLIO POSITIONING – ALLOCATION ACROSS MARKET CAPS
Constant rebalancing based on macro-economic environment and performance of above strategies. The investment manager shall be responsible for theme review and allocation
- Multicap
Financials, Banks, Consumer Discretionary & Insurance
- Large/Mid Cap
Financials, Consumer Discretionary, Auto/AutoAncillaries & Retail
- Small Cap
Consumer Discretionary, Pharma, Financials & Logistics
Large/Mid Cap Research Process
- HISTORY: Historical performance of the company is tracked for investment purpose. Usually 11 years is a credit cycle where GDP has gone up, down and drifted. Factors that are considered for evaluation include positive cash flows across various periods and valuations
- BUSINESS MODEL: Unique business models that provide an insight into the economic moat or competitive advantage of the company
- VOLUME GROWTH: Articulate what are the structural drivers for the volume growth of the company for the next few years
- MANAGEMENT INTERACTION AND CHANNEL CHECKS: Good history and the reason why the company is poised to grow is the output of the business owners thought process and interest. Identification of the person responsible for the company’s future & find out if his interests are aligned for future growth. Channel checks provide an insight into culture of the company
- VALUATIONS: A portfolio that is cheaper than the index at an EV/Operating Cash Flow metric
Investment Focus
Long term wealth creation by investing in a portfolio of non-cyclical companies which will experience sustainable volume/earning growth over the long term and lower drawdowns during market correction
- Extensive Research
- Forensic Analysis of Books
- Data Driven Approach
Small Cap Research Process
The 5S Framework
- Simplicity: Simplicity of the business model
- Scalable: Ability to substantially scale operations
- Sound: Sound promoters & management, good corporate governance
- Sustainable: Ability to maintain competitive advantage
- Strong: Strong and robust return ratios
Investment Focus
- A diversified portfolio of 12-18 growth oriented reasonably valued stocks
- Bottom up approach in stock selection
- Small cap stocks – 251st company onwards in terms of market capitalization
For any queries, contact us on Mobile: +91 95616 10108, Landline: 020-48627339,Toll Free: 1800 210 1995, Email: [email protected] 
Disclaimer: Investing Involves Risk. This document is for information purposes only and should not be viewed as a legal offering document or solicitation. Offers to invest in this fund are made only by the Discretionary Portfolio Management Services Agreement. Past performance does not guarantee future results and there is no assurance that the managed accounts will necessarily achieve their objectives. We do not guarantee any returns in the hand of investors not we take any sort of accountability for the performance of the scheme. The above-mentioned data is collected from the respected Fund house please verify the same at SEBI website.