360 ONE Phoenix PMS: 1.4X growth in 5 years

Apr 20, 2026 / Anamika Pareek | 4 Downloaded | 688 Viewed | |

Picture courtesy - Unsplash

360 ONE Phoenix PMS:

The 360 ONE Phoenix PMS was launched in January 2021, and in the 5 years since its inception the PMS has risen again and again to live up to its name- a true phoenix rising. The Phoenix PMS has delivered a five-year CAGR of ~18.5%, outperforming the BSE 500 TRI benchmark which delivered ~14.8%, demonstrating consistent alpha generation across market cycles. In the chart below you can see that the Phoenix PMS has superior risk-adjusted returns (Sharpe ratio), coupled with a stronger downside risk efficiency (Sortino Ratio) and alpha generation

In the chart below you can see that the Phoenix PMS has superior risk-adjusted returns (Sharpe ratio), coupled with a stronger downside risk efficiency (Sortino Ratio) and alpha generation

Source: BSE and Internal AMC Research, as on 28^th February 2026

Wealth Creation with 360 ONE Phoenix PMS

The Phoenix PMS has consistently outperformed its benchmark. The figure below demonstrates that Rs 1 Crore invested in the fund would have crossed a value of 2.4 Crores- a phenomenal 1.4X growth in just 5 years.

The figure below demonstrates that Rs 1 Crore invested in the fund would have crossed a value of 2.4 Crores- a phenomenal 1.4X growth in just 5 years

Source: 360 ONE Phoenix PMS product ppt ( data as on 28^th February 2026)

Consistent Returns of 360 ONE Phoenix PMS

The chart below shows that over 2-year rolling periods, since Feb 2021, how the 360 ONE Phoenix PMS has consistently delivered more than 15% returns 84% of times The Phoenix PMS generated more than 3% alpha in 87% of observations, demonstrating sustained outperformance Vs the BSE 500 TRI across different market environments.

Consistent Returns of 360 ONE Phoenix PMS

Source: BSE and Internal AMC Research | Returns calculated on daily rolling basis from 31^st Jan 2023 to 31^st Jan 2026| Returns in absolute terms

You can see in the 3- year rolling returns chart that the fund has outperformed on an average +23.0% against 17.1% of the BSE 500 TRI

Source: BSE and Internal AMC Research | Returns calculated on daily rolling basis from 31^st Jan 2023 to 31^st Jan 2026| Returns in absolute terms

Outperformed benchmark index over long investment horizon

Source: APMI, BSE as on 31^st March 2026.

Investment Process and Stock Selection Criteria

Since inception, the strategy in stock selection of the Phoenix PMS has focused on owning quality businesses at inflection points - where earnings normalisation and valuation re-rating can converge. The portfolio currently holds ~50 stocks diversified across large, mid, and small caps, enabling participation in growth while managing volatility through disciplined allocation.

Stock selection is guided by seven clear filters:

Upgrade quadrant in SCDV - Improving fundamentals with valuation support.

Lower profitability vs historical trends - Temporary compression, not structural decline.

Proven track record of efficiency (ROE > 15%) - Demonstrated capital discipline over time.

Trading at discount to historic valuations - Margin of safety embedded in entry price.

Changes in ownership / management - Identifiable catalysts for reset and renewal.

Forensics or strong governance - Clean accounting and credible stewardship.

Stocks where price corrections have occurred - Sentiment resets creating favourable asymmetry.

Stages of turnaround

Triggers of turnaround

How can you benefit?

Identification of turnaround opportunities enable you to invest in companies trading at relatively deep discount to their future fundamental valuation: -

Improved fundamentals usually unlock value in the businesses

Valuation re-rating & value sustenance

After a successful turnaround, sustenance of turnaround factors may further lead to compounding of value, creating new highs for the business and wealth creation for investors

Current Portfolio

The portfolio remains bottom-up driven, without structural market-cap bias. Current allocation comprises ~57% in Large Caps; ~14% Mid Cap and ~27% Small Cap. The current portfolio comprises around 50 holdings, with a balanced tenure profile:

28.08% held for over three years

39.12% held for one to three years

30.26% added within the last year

This blend allows long-term compounding while incorporating new inflection opportunities as they emerge.

Current Portfolio

Source: 360 ONE AMC. Data as on 28^th February 2026

The fund managers have consistently maintained a more favourable stance towards inward-looking sectors driven by domestic fundamentals, rather than those reliant on external or global factors. They believe domestic oriented sectors offer greater resilience and stability amid global uncertainties.

Consult with your financial advisor or PMS distributor if you want to know more about 360 ONE Phoenix PMS.

Mutual Fund Investments are subject to market risk, read all scheme related documents carefully.

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360 ONE Asset offers uniquely structured products to cover diverse investment requirements of investors. Our mutual fund portfolio is concentrated on a few, high-quality, high-conviction stocks. This allows our fund managers to maintain focus and generate improved risk-adjusted returns.
Having pioneered the concept of benchmark-agnostic funds in India, our fund managers function in an unconstrained but research-oriented manner. While traditional asset management companies are constrained by benchmarks, our benchmark-agnostic approach enables us to pick stocks with flexibility and tap into unique multi-baggers of the future.