Helios Mid Cap Fund reduces stake in Ola Electric, increase exposure in 44 stocks

Helio Mid Cap Fund, managed by Helios Mutual Fund, reduced its exposure to Ola Electric Mobility in September while increasing its holdings in nearly 44 other stocks during the same period.

The mid-cap fund sold around 1.34 lakh shares of Ola Electric Mobility, bringing its total holding to 7.43 lakh shares in September, down from 8.77 lakh in August.

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The fund increased its exposure in nearly 44 stocks, including Aadhar Housing Finance, Aditya Birla Capital, APL Apollo Tubes, CarTrade Tech, Cummins India, Delhivery, Fortis Healthcare, GMR Airports, HDFC AMC, Hero MotoCorp, Hindustan Petroleum Corporation, Indegene, ITC Hotels, Lemon Tree Hotels, Multi Commodity Exchange of India, Nippon Life India AMC, Paytm, Patanjali Foods, Swiggy, Vishal Mega Mart, and The Phoenix Mills.

Among the 44 stocks, the fund added the most shares of GMR Airports, around 2.77 lakh, followed by 2.37 lakh shares of Vishal Mega Mart. Approximately 32,553 shares of Paytm were added, while only 893 shares of Honeywell Automation India were added to the portfolio.

Exposure in 21 stocks remained unchanged, including 360 One WAM, Afcons Infrastructure, Ather Energy, Bharti Hexacom, Gokaldas Exports, IDFC First Bank, LIC Housing Finance, Max Financial Services, Oswal Pumps, RBL Bank, Siemens Energy India, and Sundaram Finance.

The mid-cap fund did not completely exit any stock. It added four new stocks to the portfolio: Computer Age Management Services (CAMS), Jain Resource Recycling, Piramal Pharma, and Urban Company. In September, around 2.24 lakh shares of Piramal Pharma, 50,837 shares of Urban Company, 36,480 shares of Jain Resource Recycling, and 14,566 shares of CAMS were added.

In September, the fund held 70 stocks compared to 66 in August. Its assets under management (AUM) rose to Rs 346 crore as of September 30, up from Rs 243 crore on August 31.

Helios Mid Cap Fund is an open-ended equity scheme predominantly investing in mid-cap stocks. Its objective is to generate long-term capital appreciation from a portfolio invested mainly in equity and equity-related securities of mid-cap companies.

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The fund’s performance is benchmarked against the NIFTY Midcap 150 Total Return Index and is managed by Alok Bahl and Pratik Singh.

The minimum application amount is Rs 5,000, with additional investments allowed in multiples of Re 1.

If units redeemed or switched out are up to 10% of the units purchased or switched in within three months from the date of allotment, the exit load is nil.

For redemptions or switches exceeding this 10% limit within three months, an exit load of 1% of the applicable NAV applies. Units redeemed or switched after three months from the date of allotment incur no exit load.