Managed by 360 ONE Asset Management
Complex or leveraged strategies — long-short, hedge-fund-style and quant funds. Often open-ended, within SEBI leverage limits.
360 ONE Opportunities Fund (commercially known as 360 ONE Equity Opportunities Fund, formerly IIFL Equity Opportunity Fund, IN/AIF3/12-13/0016) is a Category III Alternative Investment Fund managed by 360 ONE Asset Management Limited (formerly IIFL Asset Management Limited, CIN: U74900MH2010PLC201113) — the mutual fund and listed equity asset management arm of the 360 ONE group. It is one of India's earliest SEBI-registered AIFs, with a registration from the 2012-13 fiscal year. The fund operates as an open-ended long-only listed equity strategy targeting fundamentally strong businesses experiencing temporary challenges. Its active scheme, 360 ONE Equity Opportunity Fund Series 2, is an open-ended fund investing across market capitalisations using the proprietary SCDV framework. 360 ONE Asset Management Limited is a wholly-owned subsidiary of 360 ONE WAM Limited and manages mutual funds, PMS, and listed equity AIFs. 360 ONE WAM Limited was originally founded as IIFL Wealth Management in 2008, demerged from IIFL Holdings in 2019, and rebranded to 360 ONE in November 2022. As of late 2025, 360 ONE WAM manages approximately ₹7.11 lakh crore in total assets. The fund is managed by Mehul Jani (President, Fund Management) and Anup Maheshwari (CIO, Equities) at 360 ONE Asset Management Limited.
Karan Bhagat
Founder, MD & CEO — 360 ONE WAM
Founder of 360 ONE WAM (formerly IIFL Wealth). Over two decades of experience in financial services. Set up the company in 2008, which became one of India's largest wealth and alternates-focused asset management firms with AUM of approximately ₹7.11 lakh crore as of late 2025.
Anup Maheshwari
CIO — Equities, 360 ONE Asset Management Limited
Anup Maheshwari joined 360 ONE Asset Management (then IIFL Asset Management) from DSP BlackRock Investment Managers in August 2018, where he was CIO Equities from May 2001 to June 2018 managing DSP BlackRock's India funds. He has 26+ years of investment experience. Earlier he was briefly CIO at HSBC Asset Management (2005-06) and was associated with Chescor, a British fund management firm. He is an alumnus of IIM Lucknow.
Mehul Jani
President — Fund Management, 360 ONE Asset Management Limited
Mehul Jani is President of Fund Management at 360 ONE Asset Management Limited (formerly IIFL Asset Management) and the designated Fund Manager for the 360 ONE Equity Opportunities Fund (formerly IIFL Equity Opportunity Fund). Previously at DSP Investment Managers (formerly DSP BlackRock) as fund manager and analyst. He also served as Head of Research at 360 ONE Asset and previously headed the listed PMS & AIF business at HDFC Asset Management (USD 400M+ AUM). He was a founding member of Laburnum Capital (Delhi-based) and has prior investment banking experience.
Mitul Patel
Senior EVP — Fund Management, 360 ONE Asset Management Limited
Mitul Patel is Senior EVP of Fund Management at 360 ONE Asset Management Limited with 19 years of experience. In his first stint at 360 ONE Asset, he managed PMS funds and several listed AIFs and was Head of Research. After leaving, he headed the listed PMS & AIF business at HDFC Asset Management (USD 400M+ AUM) and was a founding member of Laburnum Capital before rejoining 360 ONE Asset.
Ashutosh Naik
Former Compliance Officer / SEBI Contact Person
Ashutosh Naik was the original SEBI-registered contact person for this fund (email: ashutosh.naik@iiflw.com). As of November 2024, the compliance contact has been updated to Almin Khan (clientservicing@360.one).
Almin Khan
Compliance Officer
Ms. Almin Khan is the Compliance Officer and current SEBI contact person for 360 ONE Alternative Opportunities Fund, as disclosed in 360 ONE's November 2024 SEBI disclosure document.
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