EquitySmall Cap FundRegularGrowthVery High

Helios Small Cap Fund

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

As of 05 Oct 2026, the NAV of Helios Small Cap Fund is ₹11.19 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Helios Small Cap Fund delivered?

Helios Small Cap Fund has returned +11.45% 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 Small Cap Fund?

Helios Small Cap Fund charges an expense ratio of 2.43% 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 Small Cap Fund?

Helios Small Cap Fund's largest holdings are Ather Energy Ltd. (2.3%), Shadowfax Technologies Ltd. (2.2%), CarTrade Tech Ltd. (1.9%), Data Patterns (India) Ltd. (1.8%) and Quess Corp Ltd. (1.7%). Holdings are disclosed monthly and change over time.

Q: How risky is Helios Small Cap Fund?

Helios Small Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 17.7% and its worst peak-to-trough fall in our sample was -17.3%. 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 Small Cap Fund?

Helios Small Cap Fund is benchmarked against the Nifty Small Cap 250 Total Return Index (TRI). Its alpha and beta on this page are measured against that index.

Q: Who manages Helios Small Cap Fund?

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

Q: How is Helios Small Cap Fund taxed?

Helios Small 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 Small Cap Mutual Funds

NAV

₹11.19

+0.09% 1D

as of 05 Oct 2026

This is the Regular plan of Helios Small Cap Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

+11.45%absolute

52-week rangePrev NAV ₹11.18

Latest ₹11.19

Low ₹8.3286th percentile of its 52-week rangeHigh ₹11.67

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.

Performance—

Not enough Small Cap Fund peers to rank yet

RiskModerate

Volatility 17.7% vs 16.8% category avg

CostHigh

2.4% expense vs 2.1% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

No standout strengths identified.

Concerns

High expense ratio (2.43%) vs the Small Cap Fund average of 2.14%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.43%

Category 2.14%▲0.29%

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

41.42

Category —

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

—

Category 0.44

Scheme Info

Definitions

Plan

Regular · Growth

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

None

(i) If units redeemed or switched out within 3 months from the date of allotment – 1% of the applicable NAV (ii) 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 Small Cap 250 Total Return Index (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.

28 Nov 2025

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

Definitions

Absolute return over the last 1 month (not annualized)

-3.28%

Absolute return over the last 3 months (not annualized)

+1.91%

Absolute return over the last 6 months (not annualized)

+30.27%

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

+13.95%

Annualized returns (≥1Y — CAGR)

Definitions

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

—

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.

+11.45%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

17.74%

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

-17.30%

Benchmark ratios (vs Nifty Smallcap 250 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty Smallcap 250 TRI

—

Sensitivity to Nifty Smallcap 250 TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty Smallcap 250 TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

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

—

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

—

Computed vs the Nifty Smallcap 250 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 (Small Cap Fund)

Period	Fund	Category avg.	Diff
1M abs	-3.28%	-3.21%	-0.07%
3M abs	+1.91%	+1.50%	+0.41%
6M abs	+30.27%	+23.57%	+6.70%
1Y CAGR	—	+9.83%	—
3Y CAGR	—	+14.12%	—
5Y CAGR	—	+14.02%	—

Category average across peers in Small Cap Fund (up to 35 funds with data), 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

₹1.00L

Current value

₹1.11L

Absolute

+10.59%

XIRR

+29.97%

Value vs. invested

ValueInvested

10 monthly installments of ₹10,000 into Helios Small 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 Smallcap 250 TRI	Diff
2026part	+13.95%	+6.37%	+7.58%
2025part	-2.19%	—	—

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

210

Expense ratio

2.43%

AUM

₹994.19Cr

Portfolio turnover

22%

Exit load

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

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

P/E ratio

41.4

P/B ratio

6.7

Avg market cap

₹30,658Cr

P/E & P/B are portfolio-weighted harmonic means across 70 of 94 equity holdings (68% 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 · Small Cap Fund

Compare all


Helios Small Cap FundThis fund Helios · Regular · Growth	—	—	—	—	—	2.43%	₹994.19Cr
Bandhan Small Cap Fund Bandhan · Regular · Growth	★★★★★	+8.90%	+21.46%	+17.11%	—	1.73%	₹26,012Cr
ITI Small Cap Fund ITI · Regular · Growth	★★★☆☆	+17.14%	+21.33%	+15.84%	—	2.20%	₹2,977Cr
Bank of India Small Cap Fund Bank of India · Regular · Growth	★★★★☆	+27.70%	+20.16%	+18.12%	—	2.22%	₹2,235Cr
Invesco India Small Cap Fund Invesco · Regular · Growth	★★★★★	+12.30%	+19.85%	+17.24%	—	1.84%	—
Mahindra Manulife Small Cap Fund Mahindra Manulife · Regular · Growth	★★★☆☆	+12.90%	+17.42%	—	—	2.20%	₹4,512Cr

Market-cap allocation · AMFI bands, Jul 2026

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

Large cap5.0%
Mid cap21.5%
Small cap73.5%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity97.60%
Cash & Equivalents2.40%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Helios Mid Cap Fund Helios · Mid Cap Fund	49.1%!	★★★★★	0.94%	—
Helios Flexi Cap Fund Helios · Flexi Cap Fund	31.0%!	★★★☆☆	0.86%	—
Union Small Cap Fund Union · Small Cap Fund	24.8%	★☆☆☆☆	1.08%	+16.35%
Union Innovation & Opportunities Fund Union · Sectoral/ Thematic	24.2%	★★★☆☆	0.99%	+17.69%
TRUSTMF Small Cap Fund Trust · Small Cap Fund	23.5%	★★★★★	1.50%	—
ITI Small Cap Fund ITI · Small Cap Fund	21.9%	★★★★☆	0.84%	+23.23%
Axis Multicap Fund Axis · Multi Cap Fund	21.2%	★★★★★	1.00%	+18.51%
TRUSTMF Mid Cap Fund Trust · Mid Cap Fund	20.2%!	—	1.93%	—

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)

3 holdings — 2.96% 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 I1.24%
Lalithaa Jewellery Mart LimitedShort-term · Stage I0.96%
PB Fintech LimitedShort-term · Stage I0.76%

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.

-17.3%01 Dec 2025 → 23 Mar 2026
Fell over 4 months, back to the old high on 07 May 2026 — 1 months 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

₹994.19Cr

April - June 2026

+45%

since January - March 2026

+₹260.48Cr

est. net flow, last quarter

At or near its largest, ₹994.19Cr 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 BahlStart date not disclosed

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

Ather Energy Ltd.Shadowfax Technologies Ltd.CarTrade Tech Ltd.Data Patterns (India) Ltd.Quess Corp Ltd.One 97 Communications Ltd.Dr. Lal Path labs Ltd.Piramal Pharma Ltd.Redington Ltd.Amagi Media Labs Ltd.TD Power Systems Ltd.The Phoenix Mills 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 Small Cap funds

Small cap funds invest in companies beyond the top 250 by size. They offer the highest growth potential of any equity category and also the sharpest falls, so they suit long horizons and strong stomachs.

Frequently asked questions

What is the NAV of Helios Small Cap Fund?

As of 05 Oct 2026, the NAV of Helios Small Cap Fund is ₹11.19 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Helios Small Cap Fund delivered?

Helios Small Cap Fund has returned +11.45% 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 Small Cap Fund?

Helios Small Cap Fund charges an expense ratio of 2.43% 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 Small Cap Fund?

Helios Small Cap Fund's largest holdings are Ather Energy Ltd. (2.3%), Shadowfax Technologies Ltd. (2.2%), CarTrade Tech Ltd. (1.9%), Data Patterns (India) Ltd. (1.8%) and Quess Corp Ltd. (1.7%). Holdings are disclosed monthly and change over time.

How risky is Helios Small Cap Fund?

Helios Small Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 17.7% and its worst peak-to-trough fall in our sample was -17.3%. 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 Small Cap Fund?

Helios Small Cap Fund is benchmarked against the Nifty Small Cap 250 Total Return Index (TRI). Its alpha and beta on this page are measured against that index.

Who manages Helios Small Cap Fund?

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

How is Helios Small Cap Fund taxed?

Helios Small 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.