Helios Mutual Fund Files Draft For Consumption Fund With SEBI

Helios Mutual Fund has filed draft papers with the Securities and Exchange Board of India (SEBI) for the launch of the Helios Consumption Fund. It is an open-ended equity scheme following the consumption theme. The New Fund Offer (NFO) date has not yet been announced.

Objective

The scheme aims to achieve long-term capital appreciation by investing mainly in equity and equity-related securities of companies involved in consumption and related activities. It will focus on businesses that benefit directly or indirectly from India’s domestic demand.

Benchmark and Structure

The benchmark for the scheme is the NIFTY India Consumption Total Return Index (TRI). This index includes sectors such as consumer durables, non-durables, healthcare, auto, telecom, pharmaceuticals, hotels, and media and entertainment. The face value of each unit during the NFO will be ₹10.

Asset Allocation

The fund will invest 80-100% of its assets in equities and related instruments linked to the domestic consumption space. Up to 20% may be invested in other equities, debt, and money market instruments, and up to 10% in Gold ETFs, REITs, or InvITs. The fund will be actively managed with a diversified portfolio across market capitalisations.

Investment Details 

• During NFO: ₹5,000 and in multiples of ₹1 thereafter
• Ongoing: ₹5,000 and in multiples of ₹1 thereafter
• Additional purchase: ₹1,000 and in multiples of ₹1 thereafter
• SIP: ₹1,000 (minimum 12 instalments)
• STP/SWP: ₹1,000 (minimum 6 instalments)

Investment Approach

The fund uses an “elimination investing” method, where companies are screened out based on weak fundamentals, poor governance, or unfavourable market dynamics. The approach focuses on identifying stronger companies across various consumption-related sectors.

Fund Management and Risk

The scheme will be managed by Alok Bahl, Chief Investment Officer with over 33 years of experience, and Pratik Singh, Fund Manager – Equities, with over 10 years of experience. The scheme carries a very high risk rating as per the SEBI risk-o-meter.

Read More: SEBI Proposes Overhaul of Mutual Fund Expense: What You Need to Know!

Conclusion 

The minimum investment during the NFO will be ₹5,000 and in multiples of ₹1 thereafter. The exit load is 1% if units are redeemed within 3 months from the date of allotment, and nil thereafter. The allotment of units will take place within 5 business days after the closure of the NFO.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund Investments are subject to market risks, read all the related documents carefully before investing.