NFO Alert: Helios Mutual Fund launches Helios Financial Services Fund; all you need to know

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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.

However, there is no assurance or guarantee that the investment objective of the scheme 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:Indicative allocations (% of total assets)MinimumMaximumEquity & Equity related instruments of companies engaged in the financial services sector80%100%Very HighEquity and equity-related instruments of companies other than above0%20%Very HighDebt Securities and Money Market Instruments0%20%Low to ModerateTo date, many asset management companies (AMCs) have launched such banking and financial services funds, thus, allowing inclined investors to avail of returns corresponding to the total returns of the securities in this particular index.