Helios Mutual Fund
Helios Mutual Fund
Introduction
Helios Mutual Fund is a relatively new entrant into the Indian asset management industry, sponsored by Helios Capital Management Pte. Limited, Singapore. Helios Capital, founded by renowned fund manager Samir Arora, has a strong track record primarily in Portfolio Management Services (PMS) and Alternative Investment Funds (AIFs) focused on Indian equities for institutional and high-net-worth investors.
Helios Capital Asset Management (India) Private Ltd. received its final approval from the Securities and Exchange Board of India (SEBI) to commence its mutual fund business on August 10, 2023. The AMC's incorporation date was May 21, 2021, and the mutual fund trust was established on March 1, 2023. This marks Samir Arora's return to the Indian mutual fund space after nearly two decades, having previously been the CIO of Alliance Capital's Indian mutual fund business. Helios Mutual Fund aims to bring its seasoned investment philosophy and expertise to a broader retail investor base in India.
Fund Managers
Helios Mutual Fund boasts a team of experienced investment professionals, leveraging the deep expertise of Helios Capital's founding members. Key individuals in their investment team include:
- Mr. Samir Arora: Founder and Group CIO (Chief Investment Officer) of Helios Capital. He is a veteran fund manager with over three decades of experience, widely respected for his strong performance track record. He is the main architect of the firm's investment philosophy.
- Mr. Dinshaw Irani: Managing Director & CEO of Helios Capital Asset Management (India) Pvt. Ltd. He has extensive experience in investment research and management.
- Mr. Alok Bahl: Chief Investment Officer (Mutual Funds). He oversees the mutual fund investment strategies.
- Mr. Pratik Singh: Fund Manager (Mutual Fund).
- Mr. Utsav Modi: Fund Manager - Fixed Income (Mutual Funds).
- Mr. Dharmendra Grover: Fund Manager (PMS & AIF), also contributes to the broader investment strategy.
This team's collective experience and adherence to a defined investment process are central to Helios Mutual Fund's operations.
Scope and Investment Philosophy
Helios Mutual Fund's investment philosophy, often referred to as "Elimination Investing (EI)™," is meticulously crafted from over 25 years of hands-on investing experience, primarily from Samir Arora's extensive career. Their scope and core tenets include:
- Elimination Investing (EI)™ Framework: This unique approach focuses on a "via negativa" strategy, where the primary focus is on identifying reasons "why not to buy" a particular stock. By eliminating companies based on eight proprietary fundamental screening factors that indicate potential subpar performance or permanent loss of capital, they aim to arrive at a curated list of robust and sustainable businesses. The belief is that it's easier to know what's bad than to know what's unequivocally good.
- Avoid Permanent Loss of Capital: This is an overarching objective ingrained in every facet of their investment process, achieved by limiting leverage, respecting valuations, and screening out stocks with the potential to permanently de-rate or stagnate.
- Investing with Tailwinds: They aim to invest in companies and sectors that benefit from favorable macroeconomic, market, industry, and thematic trends, ensuring their investments have a supportive backdrop for growth.
- Deep Fundamental Research: Despite the "elimination" approach, they undertake intensive, 360-degree fundamental research on the shortlisted "Not Bad" companies.
- Sensible Diversification: While having high conviction, they advocate for sensible diversification over extreme concentration.
- Risk Management as a Core Value: Risk management is an integral part of their process, not just a separate function.
- Active Management: Helios Mutual Fund is committed to actively managed funds, believing their distinct philosophy can generate alpha.
- Select Product Focus: Initially, they are focusing on a select few actively managed equity funds, leveraging their core strengths before potentially diversifying broadly.
Part 2: List of Funds with Brief Explanation
As a newer AMC, Helios Mutual Fund has launched a focused set of schemes. As of current information, their main offerings include:
Equity Funds:
- Helios Flexi Cap Fund: An open-ended dynamic equity scheme that invests across large-cap, mid-cap, and small-cap stocks. This fund provides the manager with the flexibility to allocate dynamically across market capitalizations based on the "Elimination Investing" philosophy and prevailing market opportunities, aiming for long-term capital appreciation.
- Helios Large & Mid Cap Fund: An open-ended equity scheme that invests in a mix of large-cap and mid-cap companies. It aims to combine the stability and quality of large-cap businesses with the higher growth potential typically found in mid-cap companies.
- Helios Financial Services Fund: A sectoral/thematic equity fund that invests primarily in equity and equity-related instruments of companies engaged in the financial services sector. This fund aims to capture growth opportunities within the banking, non-banking finance, insurance, and other financial services segments.
- Helios Mid Cap Fund: An open-ended equity scheme investing predominantly in mid-cap stocks, targeting companies that are past the initial high-risk phase of small caps but still have significant room for growth.
Hybrid Funds:
- Helios Balanced Advantage Fund: An open-ended dynamic asset allocation fund. This scheme dynamically manages its allocation between equity and debt instruments based on market valuations and a predefined model, aiming to capitalize on equity upside while trying to limit downside risk.
Debt Funds:
- Helios Overnight Fund: An open-ended debt scheme that invests in overnight securities (debt and money market instruments with a maturity of one day). This fund offers the highest liquidity and minimal interest rate risk, making it suitable for very short-term parking of funds.
“Ready to watch your money grow? Let's explore how mutual funds can help you achieve your financial goals.”
“Experience a smarter way to grow your wealth. Wish N Gain helps you turn every investment wish into a solid gain.”
Other Mutual Fund Houses
