About Company
360 ONE Asset
360 ONE Asset offers investment solutions across public and private markets. Its capabilities include listed equities, Portfolio Management Services (PMS), Alternative Investment Funds (AIFs), private equity, private credit, structured credit, real assets and renewable energy. The platform serves individual investors, family offices and institutional investors through a range of investment strategies.
Fund Snapshot
| Year of Inception | Nov – 2020 |
| Number of Stocks | 15-20 |
| Investment Horizon | Long Term |
| Fund Managers | Anup Maheswari and Mayur Patel |
Investment Philosophy
The 360 One High Growth Companies Fund Category III AIF fund seeks to invest in companies that have the potential to grow at a significantly faster rate than the economy over the next few years. These firms are expected to expand at least in the high teens and to have long-term competitive advantages – proprietary intellectual property, strong leadership, distribution/cost advantages, or entry barriers specific to the respective sector – that enable them to expand.
Investment Strategy
Secular Growth
The key drivers are:
- Large industry opportunity
- Market leadership
- Longevity of growth
- Sustainable competitive advantage (brand, distribution, technology etc.)
Sector mappings are:
- Auto & auto ancillaries
- Consumer discretionary
- Private sector financials
- Insurance
- Retail
Defensive Growth
The key drivers are:
- New products and distribution – gaining market share
- M&A
- Technology upgrade
Sector mappings are:
- Consumer staples
- Healthcare
- IT services
- Media
Cyclical Growth
The key drivers in this case are:
- Management change
- The uptick in the industry cycle
- Completion of the CAPEX phase
- Turnaround of business
Sector mappings are:
- Industrials and infrastructure
- Private-sector corporate banks
- Logistics
- Oil & gas
Investment Framework
There are four framework segments. These are Cyclical Growth, Secular Growth, Defensive Growth and Value Traps.
- Secular growth contains the core portfolio of 50 to 80% of all allocations.
- The tactical allocation includes the segments of Critical Growth and Defensive Growth. These two have 20 to 50% capital allocation.
Investment Objective
The 360 One High Growth Companies Fund Category III AIF scheme strives for long-term capital appreciation by investing in equity and equity-related securities of companies with high potential earnings growth.
Unique Feature
Industry/sector potential:
- Avoid sectors vulnerable to regulation,
- High competitive intensity, technological changes, and
- Short growth cycles, as well as large industry opportunities scalable over time.
Business:
- Companies with sustainable competitive advantages and
- Higher ROEs than peers, and companies with poor free cash flows and declining market share, should be avoided.
Governance:
- Avoid companies with frequent equity dilutions,
- Excess leverage, and
- Unrelated investments.
Valuations:
- Offering a favourable risk-reward ratio,
- Valuations are not the only investment criteria, and
- Value traps and short-term fads should be avoided.
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Learn about the experienced fund managers responsible for investment decisions, portfolio strategy, and long-term fund performance.
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 charterholder and holds an MSc. in Banking and International Finance.
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Anup Maheshwari
Anup Maheshwari is the Co-Founder and Chief Investment Officer (CIO) of 360 ONE Asset (formerly IIFL Asset Management), where he oversees the entire investment platform across listed equities and high-yield credit. With over 25 years of experience, he is recognized as one of India's most seasoned fund managers, having previously served as the CIO at DSP BlackRock Investment Managers. An alumnus of IIM Lucknow, Maheshwari is known for his "SCDV" framework (Secular, Cyclical, Defensive, and Value), which prioritizes capital efficiency and quality earnings. Under his leadership, 360 ONE Asset has solidified its position as a dominant player in the Alternate Investment Fund (AIF) and PMS landscape.
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