Samir Arora reveals NFO launch date of Helios Mutual Fund and other details
Helios Capital recently shared that market regulator Sebi approved Helios Mutual Fund. "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 tweeted on Thursday.
On Sunday, Arora spilled a few additional details about the upcoming Helios Mutual Fund on the X platform (formerly known as Twitter). When a user asked Arora about the name of the fund, he replied, "No creativity is allowed in the name of funds. It has to be Helios XX Fund with XX being one of the categories allowed- mid-cap, Flexicap, balanced, etc".
Another user asked about the launching of the first New Fund Offer. "When will you be launching the first NFO sir? looking forward!" Arora wrote, "Thank you. Should be in October".
One user inquired about the types of funds Arora's fund house would bring. "Sir if you can say what type of funds your company is going to bring or what unique products just like Zerodha said they will be passive-only fund house," Arora replied, "We have said that we will not be passive-only active so the exact opposite of them". Arora told his followers on the X platform, "Of course we will work hard for every SIP but right now we are happy with the company we keep" while sharing an image in which he, Reliance Industries chairman Mukesh Ambani and Zerodha co-founder Nithin Kamath were called, "New SIP players in Town".
Founded in 2005, Singapore-based asset management firm Helios Capital Management Pte Ltd manages a global long-only equity fund as well as long/short and long-only funds with an emphasis on India. Arora headed the Indian mutual fund division of Alliance Capital as its chief investment officer. Last month Reliance
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