Helios Mutual Fund introduced the Helios Financial Services Fund, an open-ended equity scheme, providing investors with a chance to capitalize on the long-term growth potential in the financial services industry.

The program started accepting public subscriptions on May 31, 2024, and is set to end on June 14, 2024. The program will be available for continuous subscription and redemption five business days after the units are allocated.

The plan will be compared to the NIFTY Financial Services Total Return Index (TRI) for evaluation. Alok Bahl and Pratik Singh will be in charge of overseeing the scheme.

The minimum amount to invest is Rs 5,000, with increments of Re 1 allowed for subsequent investments. The monthly SIP requires a minimum application amount of Rs 1,000, with increments of Re 1 and a minimum of 12 instalments. The lowest extra application sum, which includes exchanges, is Rs 1,000 per application and can be increased by Re 1 thereafter.

The plan will provide both growth and IDCW options in both regular and direct formats. If the units redeemed or switched out are within 10% of the units purchased or switched in within three months from the date of allotment, then there will be no exit load imposed. If units redeemed or switched out exceed the limit within three months from the allotment date, a 1% exit load based on the NAV will be applied. If withdrawn/exchanged after three months from the allotment date, there will be no exit load applicable. An exit load of 1% of the NAV will be applied if units redeemed or switched exceed the limit within three months from the allotment date. If you redeem/exchange after three months from the allotment date, there will be no exit load.

The plan will allocate 80-100% of its funds in equity and equity-related instruments of financial services companies, 0-20% in equity and equity-related instruments of non-financial companies, and 0-20% in debt securities and money market instruments.

The plan is appropriate for investors seeking to build wealth over the long term and desiring to invest in equity and equity-related securities of companies in the financial services industry. The scheme's riskometer indicates that the invested principal will be exposed to a risk level categorized as "very high."

FAQs

Q. What is mutual fund in financial services?

A. A mutual fund is a pool of money managed by a professional Fund Manager. It is a trust that collects money from a number of investors who share a common investment objective and invests the same in equities, bonds, money market instruments and/or other securities.

Q. Who owns Helios?

A. Helios Investment Partners was established in 2004 by Babatunde Soyoye and Tope Lawani and it operates a range of funds valued at more than $3 billion in capital commitments.

Q. Who is the promoter of Helios mutual fund?

A. Samir Arora is the main founder, Group CIO & fund manager at Helios Capital. He has a total investing experience touching three decades. From 1998 to 2003, he was the Head of Asian Emerging Markets at Alliance Capital Management in Singapore (both fund management and research, covering 9 markets).

Q. Which is better SIP or MF?

A. SIPs often allow investors to start with smaller amounts at regular intervals, making them more cost-effective for those with limited funds. On the other hand, mutual funds may have higher initial investment requirements, impacting the affordability for some investors.

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