360 ONE Asset Multicap PMS: Investment Strategy, Portfolio Framework & India Growth Opportunity
360 ONE Asset Multicap PMS
360 ONE Asset Management offers investment solutions across wealth management and asset management segments with a focus on long-term wealth creation and portfolio management.
The firm operates across:
- wealth management
- portfolio management services (PMS)
- alternate investment funds (AIFs)
- mutual funds
- global asset management
360 ONE WAM Ltd (formerly known as IIFL Wealth Management Ltd) is among the large wealth management firms in India managing assets across thousands of families globally.
Introduction to 360 ONE Wealth & Asset Management
Wealth Management Services
360 ONE provides:
- Advisory Services
- Broking Services
- Distribution Services
- Lending & Estate Planning
Asset Management Capabilities
The asset management business includes:
- Alternate Investment Funds
- Separately Managed Accounts (Portfolio Management Services)
- Mutual Funds
- Global Asset Management
Firm Overview
- Consolidated AUM: $54.6 bn
- 360 ONE WAM Ltd manages approximately $46.3 bn across 6,800 families worldwide
- Listed on September 19, 2019 following the demerger of IIFL Finance Ltd
- Market capitalization of approximately $3.16 bn
Shareholding Pattern
Asset Management Capabilities – Asset Class Wise
A Trusted Indian Partner
360 ONE positions itself as a long-term investment and wealth management partner with capabilities across multiple asset classes.
Asset Class Strength
- Manages assets across:
- Public Markets
- Private Equity
- Private Debt
- Real Estate
- Cross-learning across asset classes enhances investment capability
Deep-Domain Knowledge
- Strong understanding of the financial services sector
- Focus on financial services as a source of alpha generation
- Proprietary research database
Collaborative Team Culture
- Transparent and collaborative work culture
- Focus on integrity and long-term relationships
- Collaboration across internal client teams and investment strategies
Extensive Network
- Relationships with business creators and entrepreneurs across India
- Insights into:
- corporate governance
- transactions
- business opportunities
Offshore Institutional Presence
Investment Team & Fund Management Structure
Public Equity Team Structure
Building a Collaborative Investment Team
The investment team combines expertise across:
- equities
- sector research
- quantitative analysis
- ESG research
- portfolio management
Anup Maheshwari – Co-founder & CIO
- 28 years of investment experience
- MBA graduate
- Joined 360 ONE Asset Management Limited in August 2018
- Previously associated with DSP Investment Managers Private Limited
- Former CIO – Equities at DSP BlackRock
- Briefly served as CIO at HSBC Asset Management
- Associated with Chescor, a British fund management firm managing offshore India equity funds
- Alumnus of IIM Lucknow
Fund Managers
Mehul Jani
- 19 years of experience
- Covers Financials & Consumer Staples
- MSc, CFA
Mayur Patel
- 18 years of experience
- Covers Oil & Gas and Industrials
- CA, CFA
Nishant Vass
- 14 years of experience
- Covers Automobiles, Telecom and Internet sectors
- MBA
Parijat Garg
- 16 years of experience
- Covers Quantitative Research & ESG
- M.Tech, CFA
Product Team Structure
India Opportunity
The investment framework is built around long-term opportunities in the Indian economy and equity markets.
India’s Economy – A Global Comparison
Consumer Lending Opportunity
IT Sector Opportunity
PLI Scheme – A Catalyst for Private Sector Investments
- PLI could generate cumulative capex of approximately ₹4.4 trillion over the next 4–5 years
- Potential revenue addition of approximately ₹8 trillion annually
- Could contribute significantly to BSE 500 revenue growth
India’s Stock Market – A Compounding Machine
- Long-term investing in compounding businesses remains important
- Indian companies have demonstrated long-term growth potential
Current Valuations
Corporate Profits to GDP (%)
Market Cap Allocation vs Volatility
- During periods of higher volatility, large-cap stocks have historically outperformed mid and small-cap stocks
Investment Framework
SCDV Framework
The investment strategy follows the SCDV framework:
- Secular
- Cyclical
- Defensive
- Value Trap
SCDV Historical Performance
Portfolio Snapshot
Portfolio Quants
Top Ten Holdings
Performance
Key Terms
Portfolio Manager
360 ONE Asset Management Ltd. (360 ONE AMC)
Investment Objective
The investment objective is to generate long-term capital appreciation through a portfolio of equity and equity-related securities.
The investment strategy follows the SCDV framework:
- Secular
- Cyclical
- Defensive
- Value Trap
The portfolio allocates a significant portion toward high-quality secular growth businesses while maintaining diversification across cyclicals and defensives and avoiding value traps.
Minimum Investment Amount
INR 50 Lakhs
Management Fee
As per executed term sheet
Benchmark
S&P BSE 500 TRI
Brokerage
Cash – 0.12% of transaction value plus applicable statutory levies
Other Charges
Applicable statutory and operational charges including:
- STT
- Demat Charges
- Goods & Service Tax
- Audit Charges
- Custodial Charges
Exit Fees
As per executed term sheet
Frequently Asked Questions (FAQs)
What is 360 ONE Asset Multicap PMS?
360 ONE Asset Multicap PMS is a portfolio management strategy focused on long-term capital appreciation through equity and equity-related investments.
What is the SCDV framework?
The SCDV framework categorizes investments into:
- Secular
- Cyclical
- Defensive
- Value Trap
The framework helps diversify investments across different market environments.
What is the minimum investment amount?
The minimum investment amount is INR 50 Lakhs.
Who manages the portfolio?
The portfolio is managed by 360 ONE Asset Management Ltd. (360 ONE AMC).
What benchmark does the strategy use?
The benchmark used is the S&P BSE 500 TRI.
What sectors and themes does the strategy focus on?
The strategy focuses on long-term opportunities across:
- secular growth businesses
- financial services
- Indian economic growth themes
- quality cyclical opportunities
Final Thoughts
360 ONE Asset Multicap PMS follows a structured investment framework focused on:
- long-term capital appreciation
- diversified equity investing
- secular growth opportunities
- disciplined portfolio construction
The strategy combines macroeconomic opportunity assessment, sector research, and portfolio diversification through the SCDV framework.
