Pune: Helios Mutual Fund has announced the launch of Helios Balanced Advantage Fund (BAF), an open-ended dynamic asset allocation fund. NFO will open for subscription on March 11, 2024 and close on March 20, 2024.
The fund aims to capitalize on the potential upside of equities while attempting to limit the downside through dynamic portfolio management. This will be done by investing in equity & equity related instruments and active use of debt, money market instruments and derivatives. The equity portfolio will be built basis Helios’s Elimination Investing (EITM) philosophy – based on eight fundamental screening factors that have repeatedly proven to be effective in weeding out poor performers, gravitating towards winners, and creating a sustainable outperformance profile.
The investment strategy will be to normally maintain gross equity and equity-related exposure between 65%-100% and the net equity exposure between 30% to 80%. Various derivative strategies would be used for hedging against market headwinds.
Helios Balanced Advantage Fund (BAF) will be benchmarked against CRISIL Hybrid 50+50 – Moderate Total Return Index (TRI). The scheme will be managed by Mr. Alok Bahl and Mr. Pratik Singh for equity investments and Mr. Utssav Modi for debt portfolio management.
The mutual fund industry is showing strong growth across India, and Pune is one of the city’s leading the charge. Pune’s mutual fund growth isn’t just driven by individual investors. The city’s strong economic base also attracts businesses and high-net-worth individuals seeking investment opportunities. As Pune’s economy continues to flourish, and financial literacy expands, the city’s mutual fund industry is poised for even greater growth. As of January 2024, the Balanced Advantage Fund (BAF) category registered an AUM of approximately INR 11,937 crores in Pune city. (Source: MFDex).
Speaking on the launch, Mr. Deviprasad Nair, Head of Business, Helios Capital, said, India is witnessing a large participation of retail investors including from smaller towns and cities. This is attributed to rising financial literacy, digital penetration and the increasing reach of AMCs. With the launch of Helios Balanced Advantage Fund, our endeavour is to provide investors with a scheme that combines growth potential, risk alleviation, and tax efficiency. Managed by experienced professionals, the fund provides an opportunity for long-term wealth creation.
Why should you invest in Helios Balanced Advantage Fund?
· Growth Potential with balanced allocation
· Attempts to limit downside risk by hedging, tweaking debt
· Endeavors to allocate =/> 65% into equities, which will provide the Scheme with Equity Fund taxation
· Units can be redeemed on any Business Day at NAV based price
· Risk Mitigation and Rigorous Screening
· Fund Managers with more than 25 years of combined experience
· Consistency and Disciplined Investing
The Minimum application amount will be Rs 5000 and in multiples of Re 1 thereafter.
