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Helios Balanced Advantage Fund
Helios Mutual Fund launches – Helios Balanced Advantage Fund
It is an open-ended dynamic asset allocation fund.
Accordingly, investment objective of the scheme is to capitalize on the potential upside of equities while attempting to limit the downside by dynamically managing the portfolio through investment in equity & equity related instruments and active use of debt, money market instruments and derivatives. However, there can be no assurance that the investment objective of the Scheme will be realized.
Under normal circumstances, Helios Balanced Advantage Fund will hold an allocation of 0% to 100% in Equity & Equity related instruments and 0% to 100% in Debt Securities and Money Market Instruments, cash, and cash equivalents and / or units of debt oriented mutual fund schemes/ Exchange Traded Funds (ETFs).
[Read: Why Balanced Advantage Funds Make Sense in the Current Volatile Market Conditions]
As per the Scheme Information Document, Helios Balanced Advantage Fund will capitalize on the potential upside of equities while attempting to limit the downside by dynamically managing the portfolio through investments in equity & equity related instruments and active use of debt, money market instruments and derivatives.
As part of the investment strategy, gross equity and equity related exposure would normally be maintained between 65%-100%, and the net equity exposure shall be between 30% to 80% through various derivative strategies to protect downside in volatile times. The Scheme will dynamically allocate its net assets to equity and equity related securities and debt & money market instruments in line with the asset allocation of the Scheme.
Helios Balanced Advantage Fund’s performance will be benchmarked against CRISIL Hybrid 50+50 – Moderate Total Return Index (TRI)
The scheme will be managed by Mr Alok Bahl, Mr Pratik Singh and Mr Utssav Modi.
The NFO opens for subscription on March 11, 2024 and closes on March 20, 2024. The schemes will reopen for continuous sale and repurchase on March 28, 2024.
The minimum subscription amount is Rs 5,000/- and in multiples of Re.1/- thereof.
The scheme offers Regular Plan and Direct Plan each plan offers Growth option and Income Distribution cum capital withdrawal option (IDCW).
Navi Nifty IT Index Fund
Navi Mutual Fund launches – Navi Nifty IT Index Fund
It is an open-ended scheme replicating/tracking Nifty IT Index.
Accordingly, investment objective of the scheme is to achieve a return equivalent to Nifty IT Index by investing in stocks of companies comprising Nifty IT Index, subject to tracking error. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.
Under normal circumstances, Navi Nifty IT Index Fund will hold an allocation of 95% to 100% in Securities constituting Nifty IT Index and 0% to 5% in Debt & Money Market Instruments.
[Read: Navigating the Market Landscape: How to Approach Equity Mutual Funds in 2024?]
As per the Scheme Information Document, Navi Nifty IT Index Fund is a passively managed index fund which endeavours to invest in stocks in proportion to the weightages of these stocks in the Nifty IT Index.
The fund manager does not make any judgments about the investment merit of Nifty IT Index nor will it attempt to apply any economic, financial or market analysis.
The performance of the scheme may not be commensurate with the performance of the respective benchmark of the schemes on any given day or over any given period. Such variations are commonly referred to as the tracking error. The scheme intends to maintain a low tracking error by actively managing the portfolio in line with the index.
Navi Nifty IT Index Fund’s performance will be benchmarked against Nifty IT TRI
The scheme will be managed by Mr Aditya Mulki and Mr Ashutosh Shirwaikar
The NFO opens for subscription on March 11, 2024 and closes on March 22, 2024. The schemes will reopen for continuous sale and repurchase Within five business days of allotment date.
The minimum subscription amount is Rs 10/- and in multiples of Re.1/- thereof.
The scheme offers Regular Plan and Direct Plan each plan offers Growth option and Income Distribution cum capital withdrawal Option (IDCW).