About Company
360 One Asset Management
360 ONE Asset, a part of the 360 ONE Group, is a global asset management firm that focuses on India. They have different products that allow investors everywhere to get involved in India's growth. They get how India's population and what people want drive the economy, so they actively manage investments to take advantage of India as a good long-term investment. Because they know India's growth story well, 360 ONE Asset comes up with investment plans to try and give solid returns based on risk. 360 ONE takes care of the specific needs of rich people, families, and big institutions. They're the first wealth management company to be on India's stock exchange. They help families in India and other countries keep, protect, and increase their wealth by really getting to know what they need and offering all sorts of wealth management options. 360 ONE is known for coming up with new ideas in wealth management. They got the Best Private Banking Services Overall award for India in 2020 from the Euromoney Private Banking and Wealth Management Survey. They were also ranked number one in 15 other areas, like services for the super-rich, family office help, investment management, and using new tech. Since they started in 2008, they've won over 110 awards. 360 ONE has its main office in Mumbai, employs over 900 people, and works in six big financial centers around the world and 23 places in India. Smart investors, families, and big institutions trust 360 ONE Asset management. They use solid, research-backed plans to hit their goals. They invest for the long haul, do deep financial checks, and aim to keep money safe while trying to be in the top group during all market ups and downs. 360 ONE Asset can manage money both in this country and overseas. They have different funds, like mutual funds, other investment funds, and venture capital funds. They cover stocks, bonds, and even property. They're quick and flexible like a small firm, but they also have the good corporate practices you'd expect from a big company that's here for the long run.
360 One High Growth Companies Fund
Fund Snapshot
| Year of Inception | Nov – 2020 |
| Number of Stocks | 15-20 |
| Investment Horizon | Long Term |
| Fund Managers | Anup Maheswari and Mayur Patel |
Fund Overview
The latest improvements in the macroeconomic environment, as well as the resulting sell-off in risk assets, have created several investment opportunities. Devaluation, rising crude oil prices, and reduced liquidity may impact near-term growth for several companies. Still, their medium/long-term fundamental growth outlook has not changed materially. We believe the equity market correction is driven primarily by liquidity concerns in the fixed-income market and less by changes in the fundamental outlook for corporate earnings.
To capitalise on this, the 360 One High Growth Companies Fund intends to build a portfolio of 15-20 companies (subject to market opportunities, the number may vary).
Beneficiaries of long-term growth drivers that have not changed; or
Poised for a strong increase in earnings and cash flows as a result of a cyclical uptick in the industry; change in management; or
Quality defensives are shifting from modest to high growth due to new products, technology changes, mergers and acquisitions.
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.
Learn about the experienced fund managers responsible for investment decisions, portfolio strategy, and long-term fund performance.
Karan Bhagat
Karan has more than two decades of experience in the financial services industry. He provides direction and leadership towards the achievement of 360 ONE's strategic goals and objectives. He has built a team of talented professionals, who work with and for some of the most distinguished family offices, institutions and wealthy families in India and abroad
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Disclaimer: Investing in AIF, PMS, Gift City or Mutual Fund is subject to market risk. Please read the related documents carefully. Past performance does not guarantee future results and there is no assurance that the managed accounts will necessarily achieve their objectives. Actual portfolios may differ as a result of account size, client-imposed investment restrictions, the timing of client investments and market, economic, and individual company factors. We at ALTPORT do not guarantee any returns in the hands of investors, nor do we take any sort of accountability for the performance of the scheme.