Samir Arora increases cash allocation from 2% to 21% in February in Helios Flexi Cap Fund

With the Indian stock market witnessing volatility and the benchmark index - BSE Sensex down by over 5% in February, Samir Arora, the founder and CIO of Helios Mutual Fund, has drastically increased cash holdings in his flexi cap fund from 1.70% in January to 20.60% in February.

Fund managers are allowed to keep a part of their portfolio in cash to meet events like redemptions or make investments when they see a possible opportunity in the market.

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The fund sold around 3.54 lakh shares of S H Kelkar and Company taking the total number of shares to 3.04 lakh in February against 6.59 lakh in January. Around 50,024 shares of KPIT Technologies were also sold from the portfolio.

The stake in eight stocks was increased in February which includes Bajaj Finance, Bharti Airtel, DLF, Fortis Healthcare, ICICI Bank, Motilal Oswal Financial Services, Varun Beverages, and Zomato.

Around 9.58 lakh shares of Zomato were added to the portfolio in February, followed by 2.99 lakh shares of DLF in the same period. The fund added 10,780 shares of Bajaj Finance to the portfolio.

The exposure in 32 stocks remained the same in February which includes Adani Energy Solutions, Adani Ports and Special Economic Zone, Glaxosmithkline Pharmaceuticals, HDFC AMC, Lemon Tree Hotels, NTPC, REC, PNB Housing Finance, RIL, SBI.

The three new stocks added in the portfolio were ABB India, Bajaj Auto, and Kotak Mahindra Bank. Around 1.91 lakh shares of Kotak Mahindra Bank, followed by 68,657 shares of ABB India, and 49,688 shares of Bajaj Auto were added in February.

The flexi cap fund made a complete exit from 11 stocks which includes Coforge, Ganesha Ecosphere, HCL Technologies, Hindustan Aeronautics, Infosys, PB Fintech, Piramal Pharma, Swiggy, TCS, The Indian Hotels Company, and Zaggle Prepaid Ocean Services.

There were around 45 stocks in the portfolio in February against 53 in January. Helios Flexi Cap Fund is an open-ended dynamic equity scheme investing across large cap, mid cap and small cap stocks.

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The objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related instruments across market capitalization.

The scheme is benchmarked against NIFTY 500 Total Return Index(TRI) and is managed by Alok Bahl and Pratik Singh.

The minimum investment amount is Rs 5,000 (plus in multiple of Re 1). The asset under management was recorded at Rs 2,453.23 crore as on February 28, 2025.

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