Helios Fund House is an Asset Management Company (AMC), a subsidiary of Helios Capital Management Pte. Ltd (Singapore). As of May 2024, the company offers three schemes in categories including hybrid, debt, and equity. Let’s examine the Helios mutual funds in this article.
Things to Know about the Top 3 Helios Mutual Funds
Here are the funds offered by Helios AMC.
1. Helios Overnight Fund Direct Plan
This Helio Mutual Fund scheme invests in debt and money market securities with one business day maturity. The portfolio is composed of 95% to 100% TREPS (Tri-Party Repo) and any balance in securities with a maximum residual maturity of 30 days. This composition reflects the fund’s focus on liquidity and low-risk investments.
As of March 2024, the fund’s AUM was Rs 103 Crore. The fund’s performance is compared against the CRISIL Liquid Overnight Index. However, as an overnight fund, it is designed to offer marginally higher returns than a bank account.
This scheme’s six-month return is 3.33%, which is slightly less than the category average return of 3.34%. The fund charges an annual fee of 0.1%, below the category average of 0.08%.
2. Helios Balanced Advantage Fund
This hybrid fund allocates investments towards both debt and equity. The scheme currently manages assets of Rs 138.9 Crore.
The fund’s performance is compared against the CRISIL Hybrid 50+50 – Moderate Total Return Index (TRI). It tracks a hybrid portfolio that equally weights the S&P BSE 200 and the CRISIL Composite Bond Fund Index, each constituting 50% of the portfolio.
The fund has shown varied performance over different time frames. This scheme’s annualized return since inception is 7.08%, less than the category return of 11.47%. The fund charges an annual fee of 2.37% of its total assets to manage the investments, slightly above the category average of 1.98%.
The fund’s equity allocation is as follows:
– 50.55% in large-cap stocks
– 7.88% in mid-cap stocks
– 2.97% in small-cap stocks.
It also holds 10.51% in government securities. The fund’s portfolio turnover ratio is 35.00%, which is lower than the category average of 411.05%.
3. Helios FlexiCap Fund
This open-ended dynamic equity scheme seeks capital appreciation across district market caps. Its average monthly AUM is around Rs 723.97 crores.
The expense ratio of the FlexiCap regular plan is 2.28%, while for the direct plan, it is 0.68%. The portfolio turnover ratio is 0.08.
This scheme tracks the performance of Nifty 500 TRI. That means it tracks the movement of the top 500 companies on the NSE.
Since its inception in November 2023, the fund has shown promising returns. As of May 2024, the fund has delivered an absolute return of 27.30%.
The asset allocation of this scheme is as follows:
- Financial services (39.89%)
- Consumer services (11.15%)
- Healthcare (7.84%)
- FMCG (6.47%)
- Services (5.30%)
- Oil & Gas (4.07%)
- Capital Goods (4.00%)
- Realty (3.86%)
- Construction (3.49%)
- Chemicals (2.91%)
- IT (2.34%)
- Consumer Durables (2.08%)
- Power (1.87%)
- Automobile (1.06%)
The fund has generated an annualized return of 52.77% since its inception.
Conclusion
Mutual funds can be a smart way to grow your wealth, and Helios schemes are one option you might consider. Before you decide to invest, it is important to understand the returns of each scheme, its investment philosophy, and the fund manager’s experience.
Since Helios is a relatively new player in the mutual fund industry, you must compare its performance with that of other mutual fund AMCs.
