Investment Objective and Approach

The 360 ONE Overnight Fund aims to generate reasonable returns commensurate with low risk and providing high level of liquidity, through investments made in debt and money market securities having maturity of 1 business day. This ultra-short duration strategy ensures minimal interest rate risk while maintaining high liquidity for investors.

The fund follows a conservative approach by investing exclusively in overnight securities, which mature within one business day. This investment strategy makes it ideal for investors seeking capital preservation with modest returns and immediate liquidity access. The fund's approach eliminates duration risk and credit risk associated with longer-tenure debt instruments.

Key Investment Features:

- Investment in overnight securities with 1-day maturity

- Focus on capital preservation and liquidity

- Minimal interest rate risk exposure

- Suitable for short-term surplus fund parking

Fund Managers

The 360 ONE Overnight Fund is currently managed by Milan Mody and Manumaharaj Saravanaraj.

Milan Mody - Mr Milan Mody carries immense experience in fund management. Before joining 360 ONE Mutual Fund, he worked with ITI Mutual Fund, ZyFin Research Private, Darashaw, BRICS securities, Sahara India Life Insurance Company Ltd, etc. He is a Bachelor of Commerce and an MBA in Finance.

Manumaharaj Saravanaraj - An experienced fixed income fund manager who brings technical expertise in debt market operations and portfolio management.

Both fund managers have extensive experience in managing debt portfolios and understanding short-term money market dynamics, making them well-suited to manage overnight fund operations.

About the Fund House (AMC)

360 ONE Mutual Fund was set up in the year 2011 on 23rd March. It is led by a competent team of fund managers and executives carrying paramount experience in the Mutual fund domain. Formerly, the 360 ONE Mutual Fund was called IIFL Wealth. The asset management company was rebranded in the year 2022. The fresh identity was revealed by Karan Bhagat, the Founder, MD and CEO of 360 One.

The new name is said to be a composition of 2 words wherein '360' symbolises a 'Holistic View' and 'ONE' represents a 'Customer Interest First'. Headquartered in Mumbai, the 360 ONE Mutual Fund has been a significant member of the mutual fund segment.

Key AMC Highlights:

- AUM: ₹9,037.40 crores as of 31-Mar-2024

- 360 ONE is the leading financial services provider, offering specialised solutions in the fields of wealth and asset management

- Strong focus on client-centric approach and performance-driven investment strategies

- One of the fastest growing wealth management and asset management organisations in India focused on high-conviction investment ideas

The AMC has established itself as a credible player in the Indian mutual fund industry with a comprehensive range of investment solutions across asset classes.

Should I Invest in 360 ONE Overnight Fund?

Suitable For:

- Investors seeking ultra-low risk investment options

- Those requiring high liquidity with better returns than savings accounts

- Corporate treasuries for short-term surplus fund management

- Conservative investors wanting capital preservation

- Emergency fund parking with daily liquidity

Investment Considerations:

- The fund was launched on 01-07-2025 (recently launched)

- Limited track record due to recent launch

- Risk-o-meter rating: Low

- Suitable for very short investment horizons

- Returns typically modest but stable

Risk Factors:

- Credit risk from issuer default (though minimal with overnight securities)

- Liquidity risk during market stress

- Interest rate risk is virtually eliminated due to 1-day maturity

- Inflation risk over longer periods

The fund is ideal for investors prioritizing capital safety and liquidity over high returns, making it suitable for parking surplus funds temporarily.

FAQs

What is today's NAV of 360 ONE Overnight Fund?

The latest NAV is ₹1,000.000 as of 10 Jul 2025. You can check the current NAV on Allvest's platform daily.

What is the AUM of 360 ONE Overnight Fund?

The fund has an AUM of ₹0.00 crores as it's a recently launched scheme. AUM will grow as more investors participate.

What is the expense ratio of 360 ONE Overnight Fund?

The fund has an expense ratio of 0.0% currently, though this may change as the fund establishes operations.

What are the returns of 360 ONE Overnight Fund since inception?

Since the fund launched recently in July 2025, historical return data is not available. Overnight funds typically provide returns slightly higher than savings account rates.

What is the minimum SIP amount to invest in 360 ONE Overnight Fund?

The minimum SIP amount is ₹1,000 making it accessible for regular investors to start systematic investments.

How do I invest in 360 ONE Overnight Fund?

You can invest in this fund through Allvest's platform by completing your KYC, selecting the fund, and choosing between lump sum or SIP investment options.

How to start a SIP in 360 ONE Overnight Fund?

Log into your Allvest account, search for 360 ONE Overnight Fund, select SIP option, choose investment amount (minimum ₹1,000), and set up auto-debit instructions.

How do I automate an SIP in 360 ONE Overnight Fund?

Set up auto-debit mandate through Allvest platform by providing bank details and authorizing automatic monthly deductions for your SIP investments.

How can I withdraw/redeem my investment in 360 ONE Overnight Fund?

You can redeem your investment through Allvest's platform or app. Proceeds typically credit to your bank account within 1-2 business days due to the overnight nature of underlying securities.