EquityFlexi Cap FundDirectIDCWVery High

Helios Flexi Cap Fund

Q: What is the NAV of Helios Flexi Cap Fund?

As of 01 Oct 2026, the NAV of Helios Flexi Cap Fund is ₹15.40 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Helios Flexi Cap Fund delivered?

Helios Flexi Cap Fund has returned +1.65% over 1 year and +15.31% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Helios Flexi Cap Fund?

Helios Flexi Cap Fund charges an expense ratio of 0.86% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Helios Flexi Cap Fund?

Helios Flexi Cap Fund's largest holdings are Eternal Ltd. (4.4%), ICICI Bank Ltd. (3.9%), One 97 Communications Ltd. (3.8%), Adani Ports and Special Economic Zone Ltd. (3.3%) and State Bank of India (2.8%). Holdings are disclosed monthly and change over time.

Q: How risky is Helios Flexi Cap Fund?

Helios Flexi Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.4% and its worst peak-to-trough fall in our sample was -18.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Helios Flexi Cap Fund?

Helios Flexi Cap Fund is benchmarked against the Nifty 500 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages Helios Flexi Cap Fund?

Helios Flexi Cap Fund is managed by Alok Bahl and Pratik Singh at Helios.

Q: How is Helios Flexi Cap Fund taxed?

Helios Flexi Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Helios Mutual Fund · Best Flexi Cap Mutual Funds

NAV

₹15.40

-1.09% 1D

as of 01 Oct 2026

This is the Direct plan of Helios Flexi Cap Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

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Performance

+2.46%CAGR

52-week rangePrev NAV ₹15.57

Latest ₹15.40

Low ₹13.3366th percentile of its 52-week rangeHigh ₹16.46

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.86%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

31.67

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

(i) 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 – Nil (ii) If units redeemed or switched out are over and above the limit within 3 months from the date of allotment – 1% of the applicable NAV (iii) If redeemed/switched out after 3 months from the date of allotment – Nil

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹1,000

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

Nifty 500 TRI

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

15 Nov 2023

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-5.00%

Absolute return over the last 3 months (not annualized)

-4.23%

Absolute return over the last 6 months (not annualized)

+12.90%

Absolute return since 1 Jan of this year (not annualized)

-1.09%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+1.65%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+15.31%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

16.41%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-18.23%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

6.04%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

0.98

How much of the fund's movement Nifty 500 TRI explains

88.7%

Excess return per unit of beta (market risk)

8.86

Active return over the benchmark per unit of tracking error

1.19

Annualized std dev of fund-minus-benchmark returns

5.50%

Fund's share of benchmark gains in up months (100 = matches index)

117.6%

Fund's share of benchmark losses in down months (lower is better)

90.3%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Flexi Cap Fund)

Period	Fund	Category avg.	Diff
1M abs	-5.00%	—	—
3M abs	-4.23%	—	—
6M abs	+12.90%	—	—
1Y CAGR	+1.65%	—	—
3Y CAGR	—	—	—
5Y CAGR	—	—	—

Category average across peers in Flexi Cap Fund, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹1.20L

Current value

₹1.21L

Absolute

+0.46%

XIRR

+1.00%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into Helios Flexi Cap Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500 TRI	Diff
2026part	-1.09%	-7.18%	+6.09%
2025	+7.60%	+7.94%	-0.34%
2024	+29.89%	+16.43%	+13.46%
2023part	+9.00%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

711

Expense ratio

0.86%

AUM

₹6,929Cr

Portfolio turnover

42%

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

31.7

P/B ratio

6.4

Avg market cap

₹2,94,312Cr

P/E & P/B are portfolio-weighted harmonic means across 59 of 68 equity holdings (87% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Flexi Cap Fund

Compare all


Helios Flexi Cap FundThis fund Helios · Direct · IDCW	—	+1.65%	—	—	—	0.86%	₹6,929Cr
Bank of India Flexi Cap Fund Bank of India · Direct · IDCW	—	+9.31%	+18.02%	+16.23%	—	0.88%	₹2,414Cr
ITI Flexi Cap Fund ITI · Direct · IDCW	—	+7.67%	+16.41%	—	—	0.88%	₹1,304Cr
360 ONE Flexicap Fund 360 One · Direct · IDCW	—	+8.03%	+16.22%	—	—	0.92%	₹2,018Cr
Bajaj Finserv Flexi Cap Fund Bajaj Finserv · Direct · IDCW	—	+3.87%	+15.55%	—	—	1.00%	₹7,090Cr
Quant Flexi Cap Fund quant · Direct · IDCW	—	+7.88%	+14.08%	+13.73%	—	1.07%	₹6,713Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap61.2%
Mid cap24.3%
Small cap14.5%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity96.94%
Cash & Equivalents3.06%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Helios Large & Mid Cap Fund Helios · Large & Mid Cap Fund	72.9%	★★★★☆	1.00%	—
Helios Balanced Advantage Fund Helios · Dynamic Asset Allocation or Balanced Advantage	63.4%	★★☆☆☆	1.32%	—
JM Large Cap Fund JM Financial · Large Cap Fund	48.1%	★★☆☆☆	1.19%	+9.08%
Union Flexi Cap Fund Union · Flexi Cap Fund	42.6%	★★☆☆☆	1.50%	+10.07%
Axis Multicap Fund Axis · Multi Cap Fund	40.5%	★★★★★	1.00%	+18.29%
Union Aggressive Hybrid Fund Union · Aggressive Hybrid Fund	40.3% of 72% equity	★★☆☆☆	1.59%	+9.71%
Helios Mid Cap Fund Helios · Mid Cap Fund	40.0%!	★★★★★	0.94%	—
Mahindra Manulife Balanced Advantage Fund Mahindra Manulife · Dynamic Asset Allocation or Balanced Advantage	39.8% of 70% equity	★★★★☆	0.83%	+9.99%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

2 holdings — 1.67% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Welspun Corp LimitedLong-term · Stage I0.90%
PB Fintech LimitedShort-term · Stage I0.77%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-18.2%16 Dec 2024 → 28 Feb 2025
Fell over 2 months, back to the old high on 23 Jul 2025 — 5 months under water after the low.
-16.2%17 Nov 2025 → 30 Mar 2026
Fell over 4 months, back to the old high on 01 Jul 2026 — 3 months under water after the low.
-8.6%03 Jun 2024 → 04 Jun 2024
Fell over 1 day, back to the old high on 13 Jun 2024 — 9 days under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹6,929Cr

April - June 2026

+15%

since January - March 2026

+₹936.23Cr

est. net flow, last quarter

At or near its largest, ₹6,929Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Helios Mutual Fund is run by Helios Capital Asset Management, founded by Samir Arora, the long-time India manager behind Helios Capital's offshore funds. It entered the domestic mutual fund business with a flexi-cap scheme and has kept a compact equity line-up since.

Launched

20 May 2021

Total AUM

₹11,103Cr+18.1% QoQ

Avg AUM · April - June 2026

Website

heliosmf.in

Fund Managers

ABAlok BahlManaging since 30 Sep 2025

Role

Chief Investment Officer

Education

B.Com (Punjab University) PGCFM (K.C. College of Management) PGCBM (XLRI, Jamshedpur) MBA in Finance

Experience

Over 33 years of experience. Helios Capital Asset Manage - ment (India) Private Limited (April 2023 to present) – Chief Investment Officer. Helios Capital Management Pte. Limited, Singapore (May 2005 to March 2023) – Head of Trading. Prior to joining Helios, Alok worked in India with various sell side firms in sales for over

Funds managed (7)

All schemes Alok Bahl runs →

PSPratik SinghStart date not disclosed

Role

Fund Manager Equities

Education

MBA in Finance from Welingkar Institute, Mumbai BE (Mechanical) from University of Pune.

Experience

Over 10 years of experience. 0.92 years Helios Capital Asset Management (India) Private Limited (February 2024 to present) – Fund Manager - Equities. Helios Capital Asset Management (India) Private Limited (December 2021 to January 2024) – Research Analyst. Motilal Oswal Institutional Equities [September 2019 to November 2021] - Senior Manager – Research. Haitong Securities India [September 2017 to August 2019] - Research Associate. Nirmal Bang Institutional Equities [September 2016 to August 2017] - Research Associate.

Funds managed (6)

All schemes Pratik Singh runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Alok Bahl Pratik Singh

Top holdings

Eternal Ltd.ICICI Bank Ltd.One 97 Communications Ltd.Adani Ports and Special Economic Zone Ltd.State Bank of India Bajaj Finance Ltd.Ather Energy Ltd.Adani Enterprises Ltd.HDFC Bank Ltd.Titan Company Ltd.Bharat Electronics Ltd.Coforge Ltd.

Helios in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Flexi Cap funds

Flexi cap funds invest across large, mid and small-cap stocks with no fixed allocation, letting the manager shift with the market cycle. That flexibility can help manage risk and chase growth wherever it is.

Frequently asked questions

What is the NAV of Helios Flexi Cap Fund?

As of 01 Oct 2026, the NAV of Helios Flexi Cap Fund is ₹15.40 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Helios Flexi Cap Fund delivered?

Helios Flexi Cap Fund has returned +1.65% over 1 year and +15.31% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Helios Flexi Cap Fund?

Helios Flexi Cap Fund charges an expense ratio of 0.86% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Helios Flexi Cap Fund?

Helios Flexi Cap Fund's largest holdings are Eternal Ltd. (4.4%), ICICI Bank Ltd. (3.9%), One 97 Communications Ltd. (3.8%), Adani Ports and Special Economic Zone Ltd. (3.3%) and State Bank of India (2.8%). Holdings are disclosed monthly and change over time.

How risky is Helios Flexi Cap Fund?

Helios Flexi Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.4% and its worst peak-to-trough fall in our sample was -18.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Helios Flexi Cap Fund?

Helios Flexi Cap Fund is benchmarked against the Nifty 500 TRI. Its alpha and beta on this page are measured against that index.

Who manages Helios Flexi Cap Fund?

Helios Flexi Cap Fund is managed by Alok Bahl and Pratik Singh at Helios.

How is Helios Flexi Cap Fund taxed?

Helios Flexi Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.