360 ONE Asset launches Flexicap Fund.
360 ONE Asset Management Limited (formerly known as IIFL Asset Management Limited) (“360 ONE Asset”), announced the launch of ‘360 ONE Flexicap Fund.’ It is an open-ended dynamic equity scheme investing across large-cap, mid-cap and small-cap stocks. The New Fund Offer (NFO) will remain open from 12 June to 26 June 2023. The minimumapplication amount is Rs. 1000 (and in multiples of Re.1 thereafter.)
360 ONE Flexicap Fund follows the SCDV (Secular-Cyclical-Defensives-Value Traps) framework which enables the Fund to invest across different market segments. It adopts a bottom-up stock selection approach, based on in-depth fundamental research to capitalise on opportunities. The fund may also invest in opportunities arising from special situations such as IPO/FPO, OFS, demergers and acquisitions.
The fund provides investors the flexibility to invest in companies of all sizes, from small-caps to large-caps, and across sectors. This fund is beneficial for those with a long-term investment horizon, and those who look to avoid the complexities associated with asset allocation in different types of funds.
A custom-built research management system aids the seasoned fund management and research team in generating investment ideas. 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.
Commenting on the fund launch, Mr. Anup Maheshwari, Co-founder & CIO, 360 ONE Asset, said, “With evolving economic landscapes, the flexicap category provides a unique opportunity to capture diverse market opportunities effectively. Supported by favourable regulations, a thriving investment cycle, and growing consumption driven by rising retail credit, a flexicap fund provides the adaptability, diversification, and optimal risk management necessary for future readiness. The 360 ONE Flexicap Fund strategically positions itself across large, mid-, and small-cap stocks. It represents a harmonious blend of flexibility and expertise, perfectly aligned with India’s expanding GDP and equity landscape.”
Mayur Patel, Fund Manager, Listed Equity, 360 ONE Asset, said, “The introduction of 360 ONE Flexicap Fund provides us the agility to invest in companies across the spectrum, enabling us to take advantage of opportunities across market capitalizations and sectors. Our unique SCDV investment framework enables us to capture investment ideas across Growth, Value, and Quality segments of the market thereby giving investors better diversification.”
Mayur Patel is the fund manager of the scheme. He has an impressive experience of more than 18 years, including 15 years in the investment research and management fields. He also manages the 360 ONE Focused Equity Fund (formerly known as IIFL Focused Equity Fund).