Upcoming NFO: Helios Mutual Fund files draft for Helios Consumption Fund; check key details

Helios Mutual Fund has filed the draft papers for its Helios Consumption Fund, an open-ended equity scheme following the consumption theme, with the Securities and Exchange Board of India (SEBI).

The New Fund Offer (NFO) date is yet to be announced.

Helios Consumption Fund: Key details

• Name of the scheme: Helios Consumption Fund
• Category: Thematic Fund
• Type: Open-ended equity scheme following the consumption theme
• Face value: ₹10 per unit (during NFO)
• Offer: Continuous offer of units at NAV-based prices after the New Fund Offer period

The fund aims to generate long-term capital appreciation by investing in equity and equity-related securities of companies engaged in consumption and consumption-related activities.

The benchmark for the scheme is the NIFTY India Consumption Total Return Index (TRI), which represents sectors such as consumer durables, non-durables, healthcare, auto, telecom, pharmaceuticals, hotels, and media and entertainment.

• Equity and equity-related instruments of companies directly/indirectly engaged in the domestic consumption space or related activities: 80-100%
• Equity and equity-related instruments of companies other than the domestic consumption space: 0-20%
• Debt and money market instruments: 0-20%
• Gold ETFs, REITs and InvITs: 0-10%

This will be an actively managed thematic fund focusing on India’s consumption-led growth, investing at least 80% in equities of companies engaged in consumption and allied sectors, and up to 20% in other sectors or debt/money market instruments.

It uses the elimination investing approach, in which it eliminates poor-quality companies using filters like weak market opportunity, unfavorable industry dynamics, poor governance, etc. The portfolio covers companies of multiple market capitalisations.

• Alok Bahl: Chief Investment Officer of Helios Capital Asset Management with an experience of over 33 years.

• Pratik Singh: Fund Manager - Equities at Helios Capital Asset Management with over 10 years of experience.

The fund carries an exit load of 1% of applicable NAV if units are redeemed or switched within 3 months from the allotment date. After 3 months, no exit load would be applicable.

• During NFO: ₹5,000 and in multiples of ₹1 thereafter
• Ongoing: ₹5,000 and in multiples of ₹1 thereafter
• Additional purchase: ₹1,000 and in multiples of ₹1 thereafter
• SIP: ₹1,000 (minimum 12 instalments)
• STP/SWP: ₹1,000 (minimum 6 instalments)

• NFO period: Not announced yet
• Price during NFO: ₹10 per unit
• Allotment: Within 5 days after closure
• Continuous: Within 5 business days from allotment

The fund has a "very high" risk-o-meter and may be suitable for investors who seek long-term capital appreciation through equity exposure.