Samir Arora News

Sensex down by over 5% in February, Samir Arora, the founder and CIO of Helios Mutual Fund, has drastically increased cash holdings in his flexi cap fund from 1.70% in January to 20.60% in February. Fund managers are allowed to keep a part of their portfolio in cash to meet events like redemptions or make investments when they see a possible opportunity in the market. Also Read | Sensex up nearly 900 points in March so far. How should mutual fund investors tweak their portfolios?

Samir Arora, Founder, Helios Capital, questions what is a bull run? If one can make 12-15%, is that a bull run or is it a normal run? Because bull run normally means we are growing more than the earnings and getting re-rated. Those days are over for now. We are no longer in a situation where if the earning growth is 12%, the market will go up 18% or 20% like it has done in the past. That kind of bull run, it is not. Since nothing is happening in the market, let us talk about things like cricket which are better than this boring market. Samir Arora: Losing 3-0 in cricket to New Zealand, makes it look worse than what is happening in the market. Our market does not stand out and moving away from here, we will end up talking about something even worse.

Samir Arora, Founder, Helios Capital, says we cannot let go of pockets of flow by just believing that we are getting Rs 20,000 crore a month. The SIP numbers are good, but they are not what you think are. The actual net flows are not Rs 20,000 crore or more per month, they are only Rs 10,000 crore. For some reason, we are only talking about gross flows. When things go bad, things will become very bad if we ignore one big pool of money and more than that, ignore valuations and ignore bad news beyond a point. So one has to balance it. We have done it. I am sure fund managers are doing it. Everybody is saying valuations are expensive, and the markets are due for a correction but look at the ability of the market to shrug off bad news, what it did on election day, the Budget day, and what it has done post that black Monday 10 days ago. Samir Arora: Correct. One of course is flows, but it would look out of place if we were doing it independent of the world. So, basically, the mothership which is the US is also doing the same, not related to the budget or elections, but in general reacting to any bad phases and so it has recovered so well, Japan has recovered. But the FII flows have been quite negative and I think that is because these tax hikes have become untenable. Just to give you one number, the MSCI India Index in dollar terms is up over 17 percent year to date, whereas a $10 billion index is up 13%. So, over time, this is going to hurt and there will be some loss of FII investments in India.

Also Read: NFO Alert: Mahindra Manulife Mutual Fund launches Mahindra Manulife Manufacturing Fund; all you need to knowThis is an open-ended equity scheme investing in the financial services sector. Speaking on the launch, Samir Arora, Founder, Helios Capital, said, “Helios Financial Services Fund serves as an avenue to benefit from the robust growth potential of the Indian financial services sector and is suitable for investors looking for long-term wealth creation or investment in equities of companies engaged in financial services".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.

Samir Arora, founder and fund manager of portfolio management service (PMS) firm Helios Capital Management has often favoured three big investment themes—financials, consumptions and information technology (IT). But now, he is slightly tweaking his bets on these sectors. A bulk of Arora’s own equity investments have been made through Helios’ funds.

Samir Arora, Founder & Fund Manager, Helios Capital, says “there is no need to overly worry right now. Let us go bullish till budget and then evaluate properly for the next six-nine months. We have been bullish and let us continue other than the small changes here and there. The money that we raised from selling the smallcaps, we invested into two or three largecaps.” You have tweeted on ITC because of the BAT sale. You have rightly tweeted that first you were expecting the government to sell a stake in ITC. But the opposite has happened and BAT is selling stake, not the government. Samir Arora: During the SUUTI share sale, I used to tweet a lot saying, it is easy to sell this one, the government should not be seen as owning cigarette stocks. Therefore, we used to think at that time BAT may be interested in buying. But now, we see, it is the other way around. But you have to give credit to this market. This market has become so big, that knowing that there will be a $2 billion or whatever dollar sale, somebody came and immediately bought ITC. That was amazing! People have too much money, I think these days. For only 1% correction, they jumped in and bought today, knowing that there will be a $2 billion size sale.

Sundar Pichai introduces Gemma: Google's State-of-the-Art open models for developers Addressing the recent controversy surrounding Gemini, Pichai wrote a memo to Google employees in which he called some of Gemini's responses "unacceptable" and admitted that the tech giant "got it wrong". Pichai wrote in the letter, quoted by The Verge, “I want to address the recent issues with problematic text and image responses in the Gemini app (formerly Bard). I know that some of its responses have offended our users and shown bias — to be clear, that’s completely unacceptable and we got it wrong." Our teams have been working around the clock to address these issues.

The broader market index— S&P BSE 500 Index—ended the year with close to 25% returns. Singapore-based Samir Arora, founder of portfolio management services (PMS) firm Helios Capital, says that market returns in annualized terms over the last two years are more or less in line with returns over different periods. Arora, whose PMS firm recently ventured into mutual funds in India, says the current market valuations look justified.

Samir Arora, Founder, Helios Capital, says ‘the FOMO feeling should be there to invest for the long term. Do not hope and pray that the whole market goes up in six months before you have invested a major proportion of your future income. You actually want the market to go up steadily which it never does. It is not that I am saying that it ever does that. I am just saying just enjoy the whole ride rather than a day at a time.” Are largecap stocks getting ready to do a tango now? Yes, and that we have been saying for long simply because if you look at the performance of midcap stocks, say from 2000 to 2019, before Covid, there was not a very big difference between the midcap index and the largecap index. Then suddenly from 2020, if you start from March, the difference is something like 25% per annum over two years. We know broadly that these things in the end are somewhat similar. The midcap is about 0.5% to 1% higher in normal long duration and so this is obviously extreme.

₹1.5 trillion. It was followed closely by Gandhar Oil Refinery (India) Ltd at 65.63 times and Flair Writing Industries Ltd at 49.28 times. Fedbank Financial Services saw a more modest reception at 2.2 times.

MUMBAI : Indian equities rallied on Wednesday tracking gains in global stocks, as lower-than-expected US inflation raised optimism about the end of the rate hike cycle. Derivative short covering by foreign portfolio investors (FPIs) also helped. The National Stock Exchange’s Nifty 50 gained 1.19% to close at 19,675.45, while the BSE’s 30-stock Sensex rose 1.14% to close at 65,675.93.

Samir Arora, Founder and Dinshaw Irani, CIO, Helios Capital in conversation with Nikunj Dalmia of ET Now. Arora says: “The difference between us and others is that while nobody will say that they buy bad factors like bad management or bad history or bad themes, they do trade off. That means they will accept high valuation by saying it has good management or they will accept poor quality management by saying it is very cheap and discounted. We have understood that there is no need to make these trade-offs. That is how the consistency has come. In fact, we are betting on it. If you see our tagline, it is for every term.” What is elimination investing? Do fund managers need to take higher risk to beat the index? Samir Arora: For any active fund manager, the attempt is always to do better than the index. But to do that, you have to basically sort the universe into stocks which are good or bad and eliminate the bad, which is why we call it elimination investing. Whether it pays off or not is something that you cannot promise because you yourself do not know. But historically, that has worked.

MUMBAI : Indian stocks may open lower on Monday, in line with other global stock indices, in response to the Israel-Hamas war that erupted early Saturday, fund managers said. While they expect no immediate cause for panic, they are closely monitoring the evolving situation as any widening of the war could profoundly impact Indian stocks because of a surge in oil prices, and heightened volatility in rupee and bond yields . Israel’s benchmark TA-35 Index, tracking 35 top companies on the Tel Aviv Stock Exchange, which runs from Sunday through Thursday, plunged 6.47% on Sunday.

Read here: NSE plans to extend trading hours for derivatives segment in a phased manner: Report Meanwhile, the bourse is reportedly considering to introduce products in the evening session in a phased manner and plans begin with index futures and options including Nifty 50 and Bank Nifty. Raising concerns about traders’ health, Naresh Nambisan, a full time trader, expressed his views on social media platform, X. “Trading is a high stress job.

Samir Arora, Founder & Fund Manager, Helios Capital, says “one story that has failed is that there is no limit to the valuation of a good company. I have mostly shorted all of them. Even now I am short half of them in another fund. All these 70-80 PE are growing at 10-12% for the last 10 years but they are very good quality companies. “What is looking good from a one-year perspective and what is looking good from a three-year perspective?No, one year, three years do not literally mean one year or 3 years but broadly medium, short, whatever you want to call it.

Helios Capital has received capital markets regulator Sebi’s approval to launch a mutual fund business, Samir Arora, the main founder of the company announced.

Sebi's approval to launch a mutual fund business, Samir Arora, the main founder of the company announced. Helios Capital Management PTE Ltd, which is the business of portfolio management services, applied for a mutual fund license with the Securities and Exchange Board of India (Sebi) in February 2021. «I am very happy to announce that Sebi has granted approval to Helios Mutual Fund. We need your wishes and support to make this new venture a success,» Arora, who is also the fund manager at Helios Capital, wrote at X platform, formerly known as Twitter, on Thursday. After quitting Alliance Capital 20 years ago, Arora is re-entering the 43-player mutual fund industry. He was the Chief Investment Officer of Alliance Capital's Indian mutual fund business.

capital market regulator Securities and Exchange Board of India (SEBI) on Thursday has granted approval to Helios Mutual Fund on Thursday. "I am very happy to announce that SEBI has granted approval to Helios Mutual Fund. We need your wishes and support to make this new venture a success," said Samir Arora on X platform.

Cathie Wood is holding on to her forecast of Bitcoin reaching $1 million by 2030 and the internet is in splits.