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Fund Facts
  • Name of Fund:
    Helios Balanced Advantage
  • Opening:
    11th March 2024
  • Closing:
    20th March 2024
  • Scheme Type:
    Open Ended Dynamic Asset Allocation/Balanced Advantage Fund
  • Minimum Investment:
    Rs 1,000/- per application and in multiples of Re. 1/- thereafter.
  • Plan:
    Regular and Direct
  • Options:
    Growth and IDCW
  • Entry Load:
    Not Applicable
  • Exit Road:
    1% of NAV if units in excess of 10% are redeemed/switched out within 3 months from the date of allotment
  • Thereafter:
    Nil

Fund Stats

Objective

The investment objective of the scheme 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.

  • Benchmark:

  • BSE 500

  • Fund Manager:

  • Alok Bahl, Pratik Singh, Utssav Modi

Asset Allocation

0- 100% Equity
0- 100% Money Market
Comparable existing schemes
Kotak Balanced Advantage Fund 7.02(6M) 19.12(1Y)
ICICI Prudential Balanced Advantage Fund 9.17(6M) 21.81(1Y)

Fund Prognosis

Idea Distiller

The focus of the fund is to be a middle of everything kind of a participant. And to be a fixed deposit competitor.

  • Fund House AAUM:

  • Rs 39219.87 Lakhs(as on 31st December, 2023)

  • Fund Manager:

  • Combined experience of above 32 years

Scheme DNA 4 fundamentals

  • UNIQNESS
  • RETURN
  • RISK
  • OPERABILITY

OOMP Factor

Very strong pedigree and a very visible promoter. Is this the other version of Alliance MF of old?