Mutual Fund News : New Fund Alert: Helios Mutual Fund Targets Financial Sector Growth

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Helios Mutual Fund has launched Helios Financial Services Fund.

Helios Financial Services Fund is an open-ended equity scheme investing in financial services sector

The investment objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in financial services. However, there can be no assurance that the investment objective of the Scheme will be realized.

Under normal circumstances, Helios Financial Services Fund will hold an allocation of 80% to 100% in Equity & Equity related instrument of companies engaged in financial services sector, 0% to 20% in Equity and equity related instruments of companies other than above and 0% to 20% in Debt Securities and Money Market Instruments.

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Helios Financial Services Funda will be managed actively in line with the investment objectives and asset allocation of the scheme. Being a thematic fund, the scheme will invest minimum 80% of its net assets in equity and equity related instruments of companies engaged in Financial Services Sector in accordance with the sector list provided by AMFI/SEBI / NSE.

Financial Services Sector companies shall include:

•       Banks & Non-Banking Financial Institutions

•       Stock Broking & Allied Entities, Asset Management Company(s), Depositories, Credit Rating Agencies, Clearing Houses and Other Intermediaries

•       Financial Technology (Fintech), Exchanges and Data Platforms

•       Investment Banking Companies

•       Wealth Management Entities

•       Distributors of Financial Products

•       Insurance Companies - General & Life

•       Microfinance, Housing Finance and payment companies

•       Companies engaged in the Financial Services sector from Sector list provided by AMFI/SEBI in Industry Classification data or other financial services as identified by Fund Manager, etc.

Helios Financial Services Fund is benchmarked against NIFTY Financial Services Total Return Index (TRI)

Helios Financial Services Fund will be managed by Mr Alok Bahl and Mr Pratik Singh

Helios Financial Services Fund is open for subscription from May 31, 2024 to June 14, 2024. The fund will reopen for continuous sale and repurchase on June 25, 2024.

The fund offers Direct Plan and Regular Plan. Under each plan the fund offers Growth option and Income Distribution cum Capital Withdrawal.

The minimum subscription amount is Rs 5,000/- and in multiples of Re. 1 thereafter.

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