NFO Alert: Helios Mutual Fund launches Helios Flexicap Fund; all it is advisable know

The scheme opens for public subscription on October 23, 2023, and can shut on November 06, 2023. The scheme re-opens on November 15, 2023.

What sort of mutual fund scheme is that this?

That is an open-ended dynamic fairness scheme investing throughout large-cap, mid-cap, and small-cap shares.

What’s the primary goal of investing on this fund?

The funding goal of the scheme is to generate long-term capital appreciation by investing predominantly in fairness and equity-related devices throughout market capitalisations. Nonetheless, there isn’t a assurance or assure that the scheme’s funding goal can be achieved.

How could one make investments on this scheme?

Traders can make investments beneath the scheme with a minimal funding of ₹5000 per plan/possibility and in multiples of Re 1. There isn’t a higher restrict for funding.

Below regular circumstances, the asset allocation of the scheme can be as follows:

Are there related mutual funds available in the market?

So far, many asset administration corporations (AMCs) have launched such flexicap funds, thus, permitting inclined buyers to avail of returns akin to the whole returns of the securities on this explicit index. These embrace:

How will the scheme benchmark its efficiency?

The Board adopted benchmark for evaluating the efficiency of the scheme is NIFTY 500 TRI. It is because the composition of the index is most suited to evaluating the efficiency of the scheme. It’ll additionally allow the buyers to reach at a extra knowledgeable judgement on scheme performances.

The benchmark of the scheme shall be up to date consistent with SEBI laws, circulars, and directives, issued infrequently.

Are there any entry or exit hundreds to this scheme?

This scheme includes no “Entry Load”, which implies that buyers shouldn’t have to pay something to park their earnings on this scheme. The “Exit Load” could be charged as per the next:

• If models redeemed or switched out are as much as 10% (restrict) of the models bought or switched in inside three months from the date of allotment – Nil
• If models redeemed or switched out are over and above the restrict inside three months from the date of allotment – 1% of the relevant NAV

– If redeemed/switched out after three months from the date of allotment – Nil

Who will handle this scheme?

Alok Bahl and Apurva Sharma are the designated fund managers of the scheme.

Does the fund include any inherent danger?

The scheme includes “Very Excessive Threat” as per the main points talked about within the Scheme Info Doc and is finest suited to buyers keen to grasp that their principal can be topic to very excessive danger. Nonetheless, buyers ought to seek the advice of their monetary advisors in the event that they doubt whether or not the product is appropriate for them.

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Up to date: 20 Oct 2023, 05:59 PM IST