Helios Mutual Fund has unveiled the Helios Financial Services Fund, an open-ended equity scheme offering exposure to the financial services sector’s growth prospects. The subscription window opened on May 31, 2024, and will close on June 14, 2024. The scheme will resume for ongoing subscriptions and redemptions within five business days after the allotment of units. The fund aims to invest primarily in equity and equity-related securities within the financial services sector. Samir Arora, Founder of Helios Capital, described the fund as a strategic avenue for investors aiming for long-term capital growth through investments in financial services equities in India.
The fund’s goal is to generate long-term capital appreciation, although there is no certainty of achieving this objective. Investors can start with a minimum investment of ₹5000, with additional investments in multiples of Re 1, and there is no cap on the maximum investment. The Nifty Financial Services Total Return Index will serve as the benchmark for this fund, reflecting the performance of sectors including banks, housing finance, NBFCs, and insurance. The trustees may change the benchmark in the future if a more appropriate index is found.
Investors will not face an “Entry Load” when investing in this scheme. The “Exit Load” is structured as follows:
- Nil for redemptions or switches up to 10% of the purchased units within three months.
- A 1% fee on the NAV for redemptions or switches exceeding 10% within three months.
- Nil for redemptions or switches after three months.
The fund will be managed by Alok Bahl and Pratik Singh. While the scheme offers substantial growth potential, it is classified as “Very High Risk,” indicating significant risk to the principal investment. Investors should seek advice from financial advisors to determine if this fund aligns with their investment strategy and risk appetite.
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