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Helios Mutual Fund launches a new Balanced Advantage Fund

11 March 20246 mins read by Angel One
In the following article we shed light on the new NFO, NFOs objectives, fund allocation, fund managers and peer performance.
Helios Mutual Fund launches a new Balanced Advantage Fund
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Helios Balanced Advantage Fund (NFO), a new open-ended dynamic asset allocation fund launched by Helios Mutual Fund on March 11, 2024 and closing on March 20, 2024, aims to balance potential upsides of equity with downside risk management through dynamic portfolio allocation in equities, debt, money market instruments, and derivatives. The minimum investment is Rs 5,000 with exit loads applicable only for redemptions exceeding 10% within 3 months of purchase.

Investment objective

The investment objective of the Helios Balanced Advantage Fund is to capitalize on the potential upside of equities while attempting to limit the downside by dynamically managing the portfolio through investment in equity & equity related instruments and active use of debt, money market instruments and derivatives. However, there can be no assurance that the investment objective of the Scheme will be realized.

This Helios Balanced Advantage Fund’s NFO is suitable for investors who are seeking long term wealth creation Investment in a dynamically managed portfolio of equity & equity related instruments and debt & money market securities.

Risk-o-meter – Helios Balanced Advantage Fund: Very High, Benchmark: Very High

Funds Allocation

Instruments Indicative allocations (% of total assets) Risk Profile
Equity & Equity related instruments 100 – 0 Very High
Debt Securities$ and Money Market Instruments, cash, and cash equivalents and / or units of debt oriented mutual fund schemes/Exchange Traded Funds (ETFs). 100 – 0 Low to Medium

Benchmark

The performance of the Helios Balanced Advantage Fund will be benchmarked with CRISIL Hybrid 50+50 – Moderate Total Return Index (TRI)

Fund Managers

Mr. Alok Bahl (for equities), Age: 60 years, over 32 years of experience.

Mr. Pratik Singh (for equities), Age: 34 years, Educational Qualification: MBA, BE, over 10 years of experience.

Mr. Utssav Modi (for Fixed Income securities), Age: 37 Years, Educational Qualification: B. Com., CFA, over 11 years of work experience.

Peers of Helios Balanced Advantage Fund and their Historical Returns

Scheme Name Launch Date AUM (Crore) Expense Ratio (%) Returns as on – 07-03-2024 in %
2024 2023 2022 2021 2020
All Hybrid: Dynamic Asset Allocation 4.21 18.32 3.54 14.08 12.95
HDFC Balanced Advtg Gr 01-02-1994 77011.15 1.4 6.83 31.3 18.78 26.36 7.57
ICICI Pru Balanced Advtg Gr 01-12-2006 54141.75 1.49 4.06 16.52 7.9 15.14 11.71
SBI Balanced Advantage Fund Reg Gr 07-08-2021 27487.94 1.62 5.7 20.39 5.07
Kotak Balanced Advtg Reg Gr 05-07-2018 15622.55 1.66 2.54 16.06 3.76 12.96 13.64
Edelweiss Balanced Advtg Reg Gr 20-08-2009 10349.08 1.7 4.64 18.79 2.14 18.76 22.64
Tata Balanced Advtg Reg Gr 27-01-2019 8516.95 1.7 4.94 17.01 5.48 16.47 15.54
Nippon India Balanced Advtg Gr Gr 05-11-2004 7588.13 1.77 3.73 17.51 5.09 15.71 11.17
ABSL Balanced Advtg Reg Gr 25-04-2000 7012.91 1.8 2.78 16.54 4.19 13.41 15.36
UTI Unit Linked Insurance 01-10-1971 5292.71 1.62 -0.12 11.96 -2.37 14.58 14.03
NJ Balanced Advantage Fund Reg Gr 05-10-2021 3935.41 1.87 5.64 23.02 -0.2

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.

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