&w=3840&q=100)
360 ONE Asset launches Multi Asset Allocation Fund: Who should invest?
According to the scheme information document (SID), the investment objective of the scheme is to provide the investors with an opportunity to invest in an actively managed portfolio of multiple asset classes. However, there is no assurance that the investment objective of the scheme will be realised, and the scheme does not assure or guarantee any returns.
Raghav Iyengar, chief executive officer at 360 ONE Asset, said that by diversifying across asset classes, we aim to mitigate risk and create sustainable value for our clients in an ever-changing global environment. "With this fund, we are not only expanding our robust portfolio of investment products but also empowering investors to navigate market complexities with confidence. This is another step in our journey to redefine the investment landscape in India," he added.
The performance of the fund is benchmarked against a composite index of BSE 500 TRI (25 per cent), NIFTY Composite Debt Index (45 per cent), and domestic gold and silver prices (30 per cent).
The equity portion of the fund will be managed by Mayur Patel, debt by Milan Mody, and the commodities portion by Rahul Khetawat.
According to SID, no exit load will be charged if up to 10 per cent of the units are redeemed or switched out within 12 months from the date of allotment. However, no exit load will be charged on redemption of more than 10 per cent of the units. In addition, no exit load will be levied if units are redeemed or switched out after 12 months from the date of allotment.
During the NFO, investors can invest a minimum of ₹1,000 and in multiples of ₹1 thereafter. For SIP investments, the minimum application amount is ₹1000 and in multiples of ₹1 thereafter.
360 ONE Multi Asset Allocation Fund: Who should invest?
According to the SID, the product is suitable for investors seeking to create long-term wealth and investment in multiple asset classes. However, investors should consult their financial advisors if in doubt about whether the product is suitable for them. As per the riskometer, the principal invested in the scheme will be at high risk.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
a day ago
- Mint
Mutual Funds: 10 new fund offers (NFOs) open for subscription in August—should you invest?
In August, around 10 new fund offers (NFOs) are open for investment. The schemes span a variety of categories, including multi-asset allocation, equity savings, momentum, and special opportunities funds. Here, we list all ten new fund offers (NFOs) currently open for subscription by investors. I. 360 One Multi Asset Allocation Fund: This hybrid scheme opened for investment on 30 July and will remain open until 13 August. The minimum subscription amount is ₹ 1,000. II. ABSL BSE 500 Momentum 50 Index Fund: This falls under the category of other schemes (index funds). It was launched on 21 July and will close on 4 August. III. ABSL BSE 500 Quality 50 Index Fund: This falls under another scheme (index fund) and was launched on 21 July and will close on 4 August. The minimum subscription amount is ₹ 500. IV. Bajaj Finserv Equity Savings Fund: This is a hybrid scheme (equity savings). It was launched on 28 July and will close on 11 August. The minimum subscription is ₹ 500. V. Bank of India Mid Cap Fund: As the name suggests, this is a mid-cap scheme that was launched on 31 July. The new fund offer will close on 14 August. The minimum subscription amount is ₹ 5,000. VI. Groww BSE Power ETF: This was launched on 18 July and will close on 1 August, which is today. VII. Kotak Active Momentum Fund: This is an equity scheme (sectoral/thematic) that was launched on 29 July and will close on 12 August. The minimum subscription amount is ₹ 5,000. VIII. Kotak Nifty Alpha 50 Index Fund: This scheme was launched on 28 July and will close on 11 August. Minimum subscription amount for this index mutual fund scheme is ₹ 100. IX. Motilal Oswal Special Opportunities Fund: This scheme was launched on 25 July and will close on 8 August. Minimum subscription amount is ₹ 500. X. Zerodha Multi Asset Passive FOF: This scheme was launched on 25 July and will close on 8 August. It falls in the category of FOF domestic. Note: This story is for informational purposes only. Please speak to a SEBI-registered investment advisor before making any investment related decision. For all personal finance updates, visit here
India Today
2 days ago
- India Today
CA explains how avoiding a Rs 5,000 splurge every month can make you a crorepati
Most young professionals work hard, chase deadlines, and earn well. But sadly, their money just rests in a savings account, barely growing. CA Nitin Kaushik reminded young earners on X, 'You're Not Broke. You're Just Wearing Your Retirement Fund. Dear Young Professionals, Let's get real. You work 10 hours a day. But your money? It chills in a savings account earning peanuts.' advertisementONE SHIRT LESS, ONE FUTURE SECUREDKaushik's idea is simple. He adds, 'Skip buying 1 Zara shirt a month (Rs 5K), Instead, invest Rs 5,000/month via SIP in a decent equity mutual fund, Let compounding hustle for 30 years.'Let's break it down. Invest Rs 5,000 every month for 30 years. With an average return of 12% per year, you could end up with a retirement corpus of Rs 5.5 to Rs 6 crore. Yes, just by pausing one impulse purchase every month. 'It's not about being frugal. It's about being future-rich,' he MONEY WORK HARDER THAN YOUThe formula isn't complex, it's just consistency and isn't about cutting out all joys in life. It's about small, smart shifts in spending habits. Many young earners live for the moment, buying clothes, gadgets, or eating out, thinking they'll save 'later.' But 'later' becomes message is a wake-up call. He says, 'Don't just work for money. Make money work harder than you do.'By simply redirecting a part of what you already spend, without taking on any extra burden, one can grow wealth that supports you decades down the line.A SIMPLE PLAN, NOT ROCKER SCIENCEOne doesn't need a finance degree or big salary to begin. What you need is consistency. A SIP of Rs 5,000 may not seem like much now, but over time, compounding turns it into a powerful best part? You don't have to give up everything. Just one skipped swipe on a card each month can build your next time you're about to splurge on something you don't truly need, pause and think: is this item more valuable than a peaceful, financially secure retirement?Kaushik's advice might just be the one that sticks with you, 'A few skipped swipes today = Crores tomorrow.'- Ends
&w=3840&q=100)
Business Standard
2 days ago
- Business Standard
FPIs selling in F&O hits 2-year high; but rollovers hint at optimism ahead
Global funds have turned increasingly bearish on Indian equities, with their monthly sell-off in the domestic derivatives market hitting a 2-year high amid muted earnings seasons and rising US tariff concerns. Foreign Portfolio Investors (FPIs) were net sellers in the stock futures to the tune of ₹14,451.7 crore in July thus far, the highest monthly outflow since August 2023. That apart, foreign investors net sold index futures to the tune of ₹25,831.2 crore, the highest since October 2024. This marks the third consecutive month of net selling in the derivatives market, following outflows of ₹1,132 crore in June and ₹4,547.43 crore in May (stock futures), according to data compiled by Business Standard. In the cash segment, FPIs have remained net sellers for the last eight straight sessions through Wednesday, with total outflows of ₹25,122.02 crore. So far this month, they have sold stocks worth ₹17,578 crore, the highest monthly outflow since February this year. The FII long-short ratio in index futures is currently around 16 per cent, indicating that 84 per cent of their positions are on the short side, as per NSE derivatives data. The sell-off in both cash and derivatives segments has been largely driven by heightened tariff tensions, analysts said. The recent announcement of 25 per cent tariffs on Indian exports has only added to the short-term uncertainty, which is likely to prolong the current market weakness. Tariff tensions, geopolitical concerns, and slightly lower-than-expected earnings have weighed on sentiment, according to Chandan Taparia, Head of Technical and Derivatives Research at Motilal Oswal Wealth Management. With the tariff overhang and a lack of strong earnings support, most traders were betting against the market, Rajesh Palaviya, Senior VP Research, Axis Securities, said. The volatility was further amplified by the expiry of the monthly derivatives series and the US Federal Open Market Committee (FOMC) meeting outcome. Will FII outflows continue? Markets dislike uncertainty, but once the event is known, in this case, the tariff rate, some clarity emerges, Taparia said. A key positive is that despite heavy FII selling, Domestic Institutional Investors (DIIs) continue to provide support, driven by steady Systematic Investment Plan (SIP) flows, he added. Although the 25 per cent tariff has now been officially announced, some level of uncertainty still lingers, analysts cautioned. With doors still open for negotiations, any revision could act as a positive trigger for the markets,' Palaviya said. F&O Rollovers The market-wide July rollover stood at 80.4 per cent, as of July 30 (Wednesday), exceeding the 3-month average rollovers of 79.7 per cent and the 6-month average of 78.7 per cent, said Axis Securities in a report. This robust market-wide rollover suggests broader confidence and a sustained willingness among participants to roll over positions into the next series, reflecting a generally optimistic outlook across the broader market, the brokerage firm stated. Among individual stocks, Eicher Motors, UltraTech Cement, Indian Bank and LIC have witnessed higher rollovers thus far. Axis Securities report suggests that the high rollovers indicate sustained or increased bullish conviction and strong participation in these specific stocks, suggesting continued investor interest and potential for positive momentum in the upcoming series. Conversely, RBL Bank, Inox Wind, Muthoot Finance. NMDC and Indian Energy Exchange saw lower rollovers; hinting towards a decline in speculative interest, or shift in investor preference away from these scrips.
