Helios Mutual Fund announced the launch of Helios Flexicap Fund, an open-ended dynamic equity scheme investing across large-cap, mid-cap, and small-cap stocks.
The scheme opens for public subscription on October 23, 2023, and will close on November 06, 2023. The scheme re-opens on November 15, 2023.
What kind of mutual fund scheme is this?
This is an open-ended dynamic equity scheme investing across large-cap, mid-cap, and small-cap stocks.
What is the main objective of investing in this fund?
The investment objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments across market capitalisations. However, there is no assurance or guarantee that the scheme’s investment objective will be achieved.
How may one invest in this scheme?
Investors can invest under the scheme with a minimum investment of ₹5000 per plan/option and in multiples of Re 1. There is no upper limit for investment.
Under normal circumstances, the asset allocation of the scheme will be as follows:
| Instruments | Indicative allocations (% of total assets) | Risk Profile | |
|
Maximum |
Minimum |
||
|
Equity & equity-related instruments^ of large cap, mid cap and small-cap companies |
100 |
65 |
Very High |
|
Debt Securities & Money Market instruments (including cash & cash equivalents |
35 |
0 |
Low to Medium |
|
Units issued by REITs and INVIT |
10 |
0 |
Very High |
|
Units issued by REITs and INVIT |
5 |
0 |
Medium to High |
Are there similar mutual funds in the market?
To date, many asset management companies (AMCs) have launched such flexicap funds, thus, allowing inclined investors to avail of returns corresponding to the total returns of the securities in this particular index. These include:
|
Name of the fund |
Ten-year returns (in %) |
|
JM Flexi Cap Fund |
17.80% |
|
Aditya Birla Sun Life Flexi Cap Fund |
17.35% |
|
Kotak Flexi Cap Fund |
17.23% |
|
SBI Flexi Cap Fund |
16.98% |
|
HDFC Flexi Cap Fund |
16.65% |
|
Franklin India Flexi Cap Fund |
16.62% |
|
DSP Flexi Cap Fund |
16.34% |
|
HSBC Flexi Cap Fund |
15.22% |
|
Bandhan Flexi Cap Fund |
14.74% |
| Source: AMFI (Data as on October 20, 2023) | |
How will the scheme benchmark its performance?
The Board adopted benchmark for comparing the performance of the scheme is NIFTY 500 TRI. This is because the composition of the index is most suited for comparing the performance of the scheme. It will also enable the investors to arrive at a more informed judgement on scheme performances.
The benchmark of the scheme shall be updated in line with SEBI regulations, circulars, and directives, issued from time to time.
Are there any entry or exit loads to this scheme?
This scheme involves no “Entry Load”, which means that investors do not have to pay anything to park their earnings in this scheme. The “Exit Load” would be charged as per the following:
- If units redeemed or switched out are up to 10% (limit) of the units purchased or switched in within three months from the date of allotment – Nil
- If units redeemed or switched out are over and above the limit within three months from the date of allotment – 1% of the applicable NAV
– If redeemed/switched out after three months from the date of allotment – Nil
Who will manage this scheme?
Alok Bahl and Apurva Sharma are the designated fund managers of the scheme.
Does the fund contain any inherent risk?
The scheme involves “Very High Risk” as per the details mentioned in the Scheme Information Document and is best suited to investors willing to understand that their principal will be subject to very high risk. However, investors should consult their financial advisors if they doubt whether the product is suitable for them.
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Updated: 20 Oct 2023, 05:59 PM IST