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 attemptingto limit the downside through dynamic portfolio management. This will be doneby 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 (EI TM ) 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.
Jaipur has a unique investor base due to its diverse demography, which includes business owners, farmers, professionals, artists, and students. It has been playing a meaningful role in the mutual fund industry, with a growing share of AUM. For the BAF category, industry AUM stands at ~INR 2,395 crore as of Jan '24 (Source: MFDex). Jaipur's strong growth, flourishing tourism, growing IT sector, and ongoing infrastructure development coupled with generational wealth, the city offers substantial opportunities for investment in mutual funds.
Speaking on the launch, Mr. Alok Bahl, CIO, Helios Mutual Fund, said, & Even though the product can move between debt and equity basis the market environment, exposure over 65% in equity helps the fund qualify for equity taxation which is one of the attractive features of BAF category. There is a careful investment approach that is followed by our seasoned team, ensuring that investing in Helios Balanced Advantage Fund provides investors with the right balance of long-term growth along with stability”.
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.