Helios Mutual Fund launches Balanced Advantage Fund

Helios Mutual Fund has launched Helios Balanced Advantage Fund, an open-ended dynamic asset allocation fund.

The new fund offer or NFO of the scheme is open for subscription and it will close on March 20. The scheme will re-open for continuous sale and repurchase from March 28.

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 and equity related instruments and active use of debt, money market instruments and derivatives.


The scheme will be benchmarked against CRISIL Hybrid 50+50 – Moderate Total Return Index (TRI). The scheme will be managed by Alok Bahl, Pratik Singh (equity investments) and Utssav Modi (debt investments).

The scheme will allocate 0-100% in equity and equity instruments, 0-100% in debt securities and money market instruments, cash, and cash equivalents and / or units of debt oriented mutual fund schemes/ Exchange Traded Funds (ETFs).

The minimum investment amount for lumpsum investment is Rs 5,000 and in multiples of Re 1 thereafter. For monthly SIP, the minimum application amount is Rs 1,000 and in multiples of Re 1 thereafter with minimum 12 instalments.

If units redeemed or switched out are upto 10% (limit) of the units purchased or switched in within 3 months from the date of allotment then exit load is Nil. If units redeemed or switched out are over and above the limit within 3 months from the date of allotment then exit load of 1% of the applicable NAV. If redeemed/switched out after 3 months from the date of allotment then exit load is Nil.

The maximum total expense ratio (TER) permissible under Regulation 52 (6) (c) (i) and (6) (a) is up to 2.25%.

The scheme is suitable for investors who are seeking long-term wealth creation and want investment in a dynamically managed portfolio of equity and equity related instruments and debt and money market securities. The principal invested in the scheme will be at “very high” risk according to the riskometer of the scheme.