3 Year return

0
Launched on December 2022 (2 years)

Investment Details

₹500

Minimum SIP Amount

₹500

Minimum one time investment

Fund has 3 years period

Calculate Returns

Based on past performance of this fund

ENTER AMOUNT

Your Investment ₹3,00,000
Gain
  • Total Value

ENTER AMOUNT

Your Investment
Gain
  • Total Value

Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹65.18 Cr.

Expense Ratio

0.27% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

There are no records found for Tax Implications.

Fund Holdings

Holdings

360 ONE Mutual Fund Managers

PG

Parijat Garg

Fund Manager since Jan 1900

View Details

Fund House Details

360 ONE Mutual Fund

360 ONE Mutual Fund Asset management company

AUM ₹9,037.40 Cr.
No. of Schemes 23
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by 360 ONE Mutual Fund

List of mutual fund schemes by AMC

About 360 One ELSS Nifty 50 Tax Saver Index Fund Direct Plan Growth

360 One ELSS Nifty 50 Tax Saver Index Fund, managed by 360 One Mutual Fund, falls within the category of Equity Linked Savings Scheme (ELSS) funds, aiming to offer tax-saving benefits while providing exposure to the performance of the Nifty 50 Index. This direct growth plan is designed to generate capital appreciation by investing in the constituents of the Nifty 50 Index. The fund's portfolio mirrors the index, offering investors diversified exposure to the top 50 companies listed on the National Stock Exchange (NSE). The fund’s expense ratio is much lower than the category average.

Investment Objective of the Scheme

The scheme's primary objective is to provide investors with a tax-saving avenue while tracking the performance of the Nifty 50 Index. 360 One ELSS Nifty 50 Tax Saver Index Fund Direct Plan Growth aims to achieve this by investing in a portfolio that replicates the composition and weights of the Nifty 50 Index. The fund's strategy is to passively manage investments to mimic the index's returns.

Key Features of The Fund

5-year return NA
Expense Ratio 0.27%
Fund Manager Parijat Garg
Fund Size ₹65.18 Cr
Risk Profile Very High

Is This Scheme Right for Me?

If you're interested in tax-efficient investing and exposure to the performance of the Nifty 50 Index, 360 One ELSS Nifty 50 Tax Saver Index Fund Direct Plan Growth could be a suitable choice. This fund aligns with individuals seeking long-term growth opportunities with potential tax benefits under Section 80C of the Income Tax Act. However, it's important to note that index funds reflect the performance of the underlying index and may not outperform actively managed funds. Assess your investment goals, tax planning needs, and risk tolerance before considering this fund. Seeking guidance from financial experts can provide personalised insights for well-informed decisions.

AMC Contact Details

Name 360 ONE Mutual Fund
Launch Date 22 March 2010
Addresss 360 ONE Asset Management Limited (Formerly known as IIFL Asset Management Limited), 360 ONE Centre, 7th Floor, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai- 400013
Contact 912248765600
Email investordesk@360.one
Website https://www.iiflmf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Unleash the Power of Compounding With SIP

Witness the magic of compounding with a mutual fund SIP calculator. See how small, regular investments can grow into substantial wealth over time. Experience the power of compounding and start building your fortune today!

FAQs

What is today's NAV of 360 One ELSS Tax Saver Nifty 50 Index Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of 360 One ELSS Tax Saver Nifty 50 Index Fund Jun 14 2024 is 13.0636

What is the AUM of 360 One ELSS Tax Saver Nifty 50 Index Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of 360 One ELSS Tax Saver Nifty 50 Index Fund is 65.18 crore.

What is the expense ratio of 360 One ELSS Tax Saver Nifty 50 Index Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of 360 One ELSS Tax Saver Nifty 50 Index Fund is 0.27%

What are the returns of 360 One ELSS Tax Saver Nifty 50 Index Fund since inception?

The 360 One ELSS Tax Saver Nifty 50 Index Fund was launched on Dec 01 2022. The fund has delivered a CAGR of 20.04 since inception.

What is the minimum SIP amount to invest in 360 One ELSS Tax Saver Nifty 50 Index Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for 360 One ELSS Tax Saver Nifty 50 Index Fund is 500.

How do I invest in 360 One ELSS Tax Saver Nifty 50 Index Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in 360 One ELSS Tax Saver Nifty 50 Index Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in 360 One ELSS Tax Saver Nifty 50 Index Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in 360 One ELSS Tax Saver Nifty 50 Index Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.