
Samir Arora increases cash allocation from 2% to 21% in February in Helios Flexi Cap Fund
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?
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View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-118877846»>The fund sold around 3.54 lakh shares of S H Kelkar and Company taking the total number of shares to 3.04 lakh in February against 6.59 lakh in January. Around 50,024 shares of KPIT Technologies were also sold from the portfolio.
The stake in eight stocks was increased in February which includes Bajaj Finance, Bharti Airtel, DLF, Fortis Healthcare, ICICI Bank, Motilal Oswal Financial Services, Varun Beverages, and Zomato.
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