NFO Alert: Helios Mutual Fund launches Helios Flexicap Fund; all you need to know
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.
This is an open-ended dynamic equity scheme investing across large-cap, mid-cap, and small-cap stocks.
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.
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:
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
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.
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