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Helios Mutual Fund Launches Helios Balanced Advantage Fund (BAF) NFO opens on March 11, 2024, and closes on March 20, 2024


Hyderabad, March 11, 2024: Helios Mutual Fund has announced the launch of Helios Balanced Advantage Fund (BAF), an open-ended dynamic asset allocation fund. NFO will open for subscription on March 11, 2024 and close on March 20, 2024.


The fund aims to capitalize on the potential upside of equities while attempting to limit the downside through dynamic portfolio management. This will be done by investing in equity & equity related instruments and active use of debt, money market instruments and derivatives. The equity portfolio will be built basis Helios's Elimination Investing (EITM) philosophy - based on eight fundamental screening factors that have repeatedly proven to be effective in weeding out poor performers, gravitating towards winners, and creating a sustainable outperformance profile.


The investment strategy will be to normally maintain gross equity and equity-related exposure between 65%-100% and the net equity exposure between 30% to 80%. Various derivative strategies would be used for hedging against market headwinds.


Helios Balanced Advantage Fund (BAF) will be benchmarked against CRISIL Hybrid 50+50 – Moderate Total Return Index (TRI). The scheme will be managed by Mr. Alok Bahl and Mr. Pratik Singh for equity investments and Mr. Utssav Modi for debt portfolio management.


The mutual fund industry has increased more than 2 fold in a span of 5 years with various categories gaining prominence including Balanced Advantage Fund (BAF). With respect to Hyderabad, BAF category AUM stood at INR 5,348 crores as of January 2024 (Source: MFDex). The city has emerged as one of the key contributors to the growth of mutual funds in India. This success is attributed to targeted industry campaigns, increased acceptance and awareness about mutual funds, and a growing IT sector. The unique combination of tradition and modernity in Hyderabad has created a diverse investor base, contributing to the sector's rapid growth.


Speaking on the launch, Mr Dinshaw Irani, CEO, Helios Mutual Fund, said, "Indian mutual fund industry AUM (Assets Under Management) has witnessed record-breaking growth in the past few years, outpacing global peers. Rise in financial literacy, economic growth and improving incomes have all contributed to this spurt. With Helios Balanced Advantage Fund, investors can invest in Indian equities and participate in India's growth story through dynamic equity allocations".



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