360 ONE Focused Fund vs Motilal Oswal Business Cycle Fund
Direct Plan, Growth option · Data as on 30-10-2026
360 ONE Focused Fund is a Focused fund and Motilal Oswal Business Cycle Fund is a Thematic fund. In the year to 30-10-2026, 360 ONE Focused Fund (Direct) returned −0.6% and Motilal Oswal Business Cycle Fund (Direct) returned −9.6%. 360 ONE Focused Fund charges 1.25% a year and Motilal Oswal Business Cycle Fund 1.43% (Direct plans). Their portfolios overlap 25.7%: they hold 9 of the same securities.
Motilal Oswal Business Cycle Fund
Thematic
- 1 year return
- −9.6%
- Expense ratio
- 1.43%
- NAV
- ₹12.09
Which is better, 360 ONE Focused or Motilal Oswal Business Cycle? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- 360 ONE Focused returned more over 1 year: −0.6% against −9.6%.
- 360 ONE Focused costs less: 1.25% a year against 1.43% (Direct plans).
- 360 ONE Focused fell less in its worst fall since 02-09-2024: −16.9% against −25.0%.
- 360 ONE Focused holds more in large companies: 61.0% of the fund in large caps against 30.9%.
- 360 ONE Focused is the larger fund: ₹6,496 Cr against ₹1,449 Cr.
- Their portfolios overlap 25.7%: 9 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | 360 ONE Focused Fund | Motilal Oswal Business Cycle Fund |
|---|---|---|
| Fund house | 360 ONE Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Focused | Thematic |
| AUM | ₹6,496 Cr (30-09-2026) | ₹1,449 Cr (30-09-2026) |
| NAV | ₹54.19 (Direct) | ₹12.09 (Direct) |
| Expense ratio (Direct) | 1.25% | 1.43% |
| Expense ratio (Regular) | 2.17% | 2.51% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | Nifty 500 TRI |
| Launch date | 30-10-2014 | 27-08-2024 |
| Minimum investment | ₹1,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Mayur Patel, Viral Mehta | Ajay Khandelwal, Ankit Agarwal, Varun Sharma, Atul Mehra, Rakesh Shetty, Swapnil Mayekar |
| Exit load | Nil | 1% - If redeemed on or before 3 Months from the date of allotment. Nil - If redeemed after 3 Months from the date of allotment. |
360 ONE Focused vs Motilal Oswal Business Cycle: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| 360 ONE Focused Fund (Direct) | +0.53% | −1.85% | +4.94% | −0.64% | +11.83% | +10.27% | +15.20% |
| Motilal Oswal Business Cycle Fund (Direct) | −4.12% | −3.93% | +7.60% | −9.63% | -- | -- | -- |
| Focused average | −1.00% | −4.12% | +1.39% | −3.09% | +12.30% | +10.21% | +13.15% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 28 Focused funds and the 235 Thematic funds, same plan type.
360 ONE Focused vs Motilal Oswal Business Cycle: Year-wise Returns
| Year | 360 ONE Focused360 ONE Focused | Motilal Oswal Business CycleMotilal Oswal Business Cycle |
|---|---|---|
| 2026to date | +0.20% | −4.93% |
| 2025 | +5.79% | −2.30% |
| 2024 | +15.83% | -- |
| 2023 | +31.09% | -- |
| 2022 | +0.13% | -- |
| 2021 | +37.91% | -- |
360 ONE Focused vs Motilal Oswal Business Cycle: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of 360 ONE Focused Fund
Rolling returns
Every 1-year holding period, 285 of them, one for each trading day from 02-09-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
360 ONE Focused Fund (Direct)
Motilal Oswal Business Cycle Fund (Direct)
BSE 500 TRI
to
Oct 2025Dec 2024
to
Dec 2025Feb 2025
to
Feb 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 360 ONE Focused | 25.3 | 41.4 | 28.4 | 4.9 | 0.0 | 0.0 | 0.0 | 3.0% | 3.2% | −7.8% | 12.9% | 35% |
| Motilal Oswal Business Cycle | 48.1 | 23.5 | 9.8 | 7.0 | 7.7 | 3.9 | 0.0 | 1.9% | 0.3% | −12.7% | 24.0% | 33% |
| BSE 500 TRI | 34.0 | 29.5 | 27.4 | 7.7 | 1.4 | 0.0 | 0.0 | 2.9% | 2.3% | −9.2% | 15.7% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 02-09-2024. Past returns do not promise future returns.
360 ONE Focused vs Motilal Oswal Business Cycle: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-09-2024 to 30-10-2026: 26 instalments, ₹2,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| 360 ONE Focused360 ONE Focused Fund (Direct) | ₹2,60,000 | ₹2,68,487 | ₹8,487 | 2.9% |
| Motilal Oswal Business CycleMotilal Oswal Business Cycle Fund (Direct) | ₹2,60,000 | ₹2,62,566 | ₹2,566 | 0.9% |
360 ONE Focused360 ONE Focused Fund (Direct)
Motilal Oswal Business CycleMotilal Oswal Business Cycle Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
360 ONE Focused vs Motilal Oswal Business Cycle: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | 360 ONE Focused Fund (Direct) | Motilal Oswal Business Cycle Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.64% | −9.63% |
| Standard deviation | 15.73% | 18.10% |
| Sharpe ratio | -0.37 | -0.82 |
| Sortino ratio | -0.52 | -1.13 |
| Maximum drawdown | −14.0% (23-03-2026) | −25.0% (23-03-2026) |
| Beta | 1.05 | 1.10 |
| Alpha | +7.66% | −0.98% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | 360 ONE Focused Fund (Direct) | Motilal Oswal Business Cycle Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.00% | +6.63% |
| Standard deviation | 16.20% | 18.65% |
| Sharpe ratio | 0.57 | 0.05 |
| Sortino ratio | 0.78 | 0.07 |
| Maximum drawdown | −36.6% (23-03-2020) | −25.0% (23-03-2026) |
| Beta | 0.96 | 1.10 |
| Alpha | +3.61% | +10.31% |
From daily NAVs, 31-10-2014 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
360 ONE Focused Fund (Direct)
Motilal Oswal Business Cycle Fund (Direct)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| 360 ONE Focused Fund (Direct) | −16.9% | 26-09-2024 | 07-04-2025 | 03-08-2026 | 16 months | −4.6% |
| Motilal Oswal Business Cycle Fund (Direct) | −25.0% | 17-11-2025 | 23-03-2026 | Not yet | -- | −10.8% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 02-09-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
360 ONE Focused Fund (Direct)
Motilal Oswal Business Cycle Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| 360 ONE Focused Fund (Direct) | 93% | 82% | 3.93% |
| Motilal Oswal Business Cycle Fund (Direct) | 119% | 79% | 15.56% |
From month-end values since 02-09-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
360 ONE Focused vs Motilal Oswal Business Cycle: Portfolio Overlap
From each fund's latest monthly portfolio: 360 ONE Focused Fund, September 2026; Motilal Oswal Business Cycle Fund, September 2026
Holdings in common
- Overlap
- 25.7%
- Held by both
- 9
- Only in 360 ONE Focused
- 20
- Only in Motilal Oswal Business Cycle
- 25
| Security | % of 360 ONE Focused | % of Motilal Oswal Business Cycle |
|---|---|---|
| Eternal Limited | 5.04% | 5.65% |
| One 97 Communications Limited | 3.68% | 3.46% |
| Bharti Airtel Limited | 4.91% | 3.02% |
| Coforge Limited | 2.82% | 4.65% |
| BSE Limited | 2.70% | 3.05% |
| Apollo Hospitals Enterprise Limited | 2.49% | 3.22% |
| PNB Housing Finance Limited | 2.75% | 2.24% |
| Wework India Management Limited | 1.98% | 2.15% |
| CG Power and Industrial Solutions Limited | 1.92% | 3.20% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 25.7% means 25.7% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in 360 ONE Focused Fund
| Security | % of fund |
|---|---|
| ICICI Bank Limited | 7.20% |
| Kotak Mahindra Bank Limited | 5.07% |
| Axis Bank Limited | 4.87% |
| Bajaj Finance Limited | 4.69% |
| Indus Towers Limited | 4.61% |
Largest holdings only in Motilal Oswal Business Cycle Fund
| Security | % of fund |
|---|---|
| RBL Bank Limited | 4.37% |
| Kalyan Jewellers India Limited | 4.09% |
| Max Healthcare Institute Limited | 3.40% |
| Urban Company Ltd | 3.35% |
| IndusInd Bank Limited | 3.29% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | 360 ONE Focused | Motilal Oswal Business Cycle |
|---|---|---|
| Equity | 95.6% | 98.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.4% | 1.9% |
Market cap of stocks
| Market cap | 360 ONE Focused | Motilal Oswal Business Cycle |
|---|---|---|
| Large Cap | 61.0% | 30.9% |
| Mid Cap | 14.1% | 32.8% |
| Small Cap | 20.4% | 31.6% |
| Not on AMFI's list | 0.0% | 2.8% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | 360 ONE Focused | Motilal Oswal Business Cycle |
|---|---|---|
| Banks | 17.1% | 9.9% |
| Finance | 10.9% | 9.2% |
| Electrical Equipment | 10.0% | 8.4% |
| Auto Components | 2.8% | 10.0% |
| Telecom - Services | 9.5% | 3.0% |
| Retailing | 5.0% | 9.1% |
| IT - Software | 3.8% | 7.8% |
| Agricultural, Commercial & Construction Vehicles | 4.5% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
360 ONE Focused vs Motilal Oswal Business Cycle: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | 360 ONE Focused Fund | Motilal Oswal Business Cycle Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.25% | 1.43% |
| Base expense ratio (Direct) | 0.76% | 0.87% |
| Total expense ratio (Regular) | 2.17% | 2.51% |
| Base expense ratio (Regular) | 1.54% | 1.84% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare 360 ONE Focused with
Compare Motilal Oswal Business Cycle with
360 ONE Focused Fund vs Motilal Oswal Business Cycle Fund: Frequently Asked Questions
What is the difference between 360 ONE Focused Fund and Motilal Oswal Business Cycle Fund?
360 ONE Focused Fund is a Focused fund, Motilal Oswal Business Cycle Fund is a Thematic fund, run by 360 ONE Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 25.7%. 360 ONE Focused Fund charges 1.25% a year and Motilal Oswal Business Cycle Fund 1.43%.
Which has given higher returns, 360 ONE Focused Fund or Motilal Oswal Business Cycle Fund?
Over 1 year: 360 ONE Focused Fund −0.64%, Motilal Oswal Business Cycle Fund −9.63%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, 360 ONE Focused Fund or Motilal Oswal Business Cycle Fund?
360 ONE Focused Fund charges less: 1.25% a year against 1.43%. These are the Direct plans' total expense ratios reported to AMFI.
How much do 360 ONE Focused Fund and Motilal Oswal Business Cycle Fund overlap?
25.7%. They hold 9 of the same securities, the largest shared ones being ETERNAL, PAYTM, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, 360 ONE Focused Fund or Motilal Oswal Business Cycle Fund?
On SEBI's riskometer, 360 ONE Focused Fund is rated Very High and Motilal Oswal Business Cycle Fund Very High. Over 1 years, the standard deviation of daily returns was 15.73% and 18.10% a year.
Can I invest in both 360 ONE Focused Fund and Motilal Oswal Business Cycle Fund?
Yes. 25.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages 360 ONE Focused Fund and Motilal Oswal Business Cycle Fund?
360 ONE Focused Fund: Mayur Patel, Viral Mehta. Motilal Oswal Business Cycle Fund: Ajay Khandelwal, Ankit Agarwal, Varun Sharma, Atul Mehra, Rakesh Shetty, Swapnil Mayekar.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.