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360 One Quant Fund Direct Growth vs Mahindra Manulife Consumption Fund - Direct Plan -Growth
360 One Quant Fund Direct Growth and Mahindra Manulife Consumption Fund are both in the Thematic Fund category, from 360 ONE Asset Management Limited and Mahindra Manulife Investment Management Pvt Ltd respectively. 360 One Quant Fund Direct Growth has posted a higher 3-year rolling CAGR. Mahindra Manulife Consumption Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Mahindra Manulife Consumption Fund has the lower direct-plan expense ratio, by 0.07 percentage points.
| 360 One Quant Fund Direct Growth | Mahindra Manulife Consumption Fund - Direct Plan -Growth | |
|---|---|---|
| Category | Thematic Fund | Thematic Fund |
| AMC | 360 ONE Asset Management Limited | Mahindra Manulife Investment Management Pvt Ltd |
| Benchmark | BSE 200 TRI | Nifty India Consumption TRI |
| NAV | ₹18.6456 (2026-10-28) | ₹23.442 (2026-10-28) |
| AUM | ₹749.58 Cr | ₹501.29 Cr |
| Expense Ratio (Direct) | 1.16% | 1.09% |
| Inception | 2021-11-08 | 2018-10-19 |
Returns
360 One Quant Fund Direct Growth leads on 3-year rolling CAGR (24.1% vs Mahindra Manulife Consumption Fund's 18.0%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
360 One Quant Fund Direct Growth has been the more volatile of the two by standard deviation.
| 360 One Quant Fund Direct Growth | Mahindra Manulife Consumption Fund - Direct Plan -Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.26 | -0.03 |
| 3Y Alpha | 2.7846% | -1.4919% |
| 3Y Std Deviation | 16.5336% | 14.558% |
| 3Y Calmar Ratio | 0.51 | 0.29 |
Portfolio Analytics
Mahindra Manulife Consumption Fund carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| 360 One Quant Fund Direct Growth | Mahindra Manulife Consumption Fund - Direct Plan -Growth | |
|---|---|---|
| P/E Ratio | 21.4222 | 34.9443 |
| P/B Ratio | - | 6.656 |
| Dividend Yield | 1.4786% | 0.8343% |
| Active Share | 82.9% | 45.27% |
| Portfolio Turnover | 106% | 46% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
360 One Quant Fund Direct Growth has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, 360 One Quant Fund Direct Growth or Mahindra Manulife Consumption Fund?
360 One Quant Fund Direct Growth's 3-year rolling CAGR of 24.1% is higher than Mahindra Manulife Consumption Fund's 18.0%. 360 One Quant Fund Direct Growth sits in the 90th percentile of its category on this metric, versus the 55th percentile for Mahindra Manulife Consumption Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, 360 One Quant Fund Direct Growth or Mahindra Manulife Consumption Fund?
Mahindra Manulife Consumption Fund's direct-plan expense ratio is 0.07 percentage points lower than 360 One Quant Fund Direct Growth's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, 360 One Quant Fund Direct Growth or Mahindra Manulife Consumption Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), 360 One Quant Fund Direct Growth has been more volatile than Mahindra Manulife Consumption Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.26 for 360 One Quant Fund Direct Growth vs -0.03 for Mahindra Manulife Consumption Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, 360 One Quant Fund Direct Growth or Mahindra Manulife Consumption Fund?
360 One Quant Fund Direct Growth has ₹750 Cr in assets under management, versus ₹501 Cr for Mahindra Manulife Consumption Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, 360 One Quant Fund Direct Growth or Mahindra Manulife Consumption Fund?
Mahindra Manulife Consumption Fund launched on 2018-10-19, making it older than 360 One Quant Fund Direct Growth (launched 2021-11-08). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.