Helios Arbitrage Fund
This is the Direct plan of Helios Arbitrage Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
Not ratedHow 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.
Not enough Arbitrage Fund peers to rank yet
Volatility 2.0% vs 1.3% category avg
1.8% expense vs 1.5% category avg
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
- More volatile than its Arbitrage Fund peers (2.0% vs 1.3%)
- High expense ratio (1.76%) vs the Arbitrage Fund average of 1.50%
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Arbitrage Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.68% | +0.72% | -0.04% |
| 3M abs | +1.47% | +1.57% | -0.10% |
| 6M abs | +2.89% | +3.19% | -0.30% |
| 1Y CAGR | — | +6.65% | — |
| 3Y CAGR | — | +7.20% | — |
| 5Y CAGR | — | +6.66% | — |
Category average across peers in Arbitrage Fund (up to 39 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.
6 monthly installments of ₹10,000 into Helios Arbitrage Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Recent changes
Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.
- Expense ratio down: 1.88% → 1.76%02 Oct 2026
Taxation
Taxed as equityThis 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.
Flat, on the whole gain
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.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity70.77%
- Debt21.46%
- Cash & Equivalents7.77%
Cash & cash-like: 21.46% — the 7.77% above plus treasury bills, certificates of deposit, commercial paper and TREPS, which the allocation files under Debt but the market counts as cash-equivalent.
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹94.99Cr 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.
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.
Fund Managers
ABAlok BahlStart date not disclosed
Chief Investment Officer
B.Com (Punjab University) PGCFM (K.C. College of Management) PGCBM (XLRI, Jamshedpur) MBA in Finance
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
PSPratik SinghStart date not disclosed
Fund Manager Equities
MBA in Finance from Welingkar Institute, Mumbai BE (Mechanical) from University of Pune.
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.
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
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.
Why Helios MF is adding new-age and precision engineering stocks
CNBC TV18 · 13d ago
From ₹670 crore to ₹15,000 crore: How Helios Mutual Fund scaled up in under three years
Business Today · 03 Sep 2026
Samir Arora's Helios MF crosses Rs 15,000 crore in assets, AUM grows 200% YoY
Moneycontrol.com · 02 Sep 2026
Samir Arora-backed Helios MF crosses ₹15,000 crore AUM; equity assets account for over 95%
CNBC TV18 · 02 Sep 2026
Samir Arora backed Helios Mutual Fund crosses Rs 15,000 crore AUM in 3 years, grows 200% in 1 year
The Economic Times · 01 Sep 2026
Gold rallies 9% in July, but investors park Rs 1.4 lakh crore in money market funds: Vallum Capital
The Economic Times · 19 Aug 2026
Helios Small Cap Fund Review: Plans, NAV, Returns and Portfolio Analysis 2026
Univest · 18 Aug 2026
Helios Arbitrage Fund Review: Plans, NAV, Returns and Portfolio Analysis 2026
Univest · 18 Aug 2026
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 Arbitrage funds
Arbitrage funds profit from small price gaps between the cash and futures markets rather than from market direction. Returns are usually modest and cash-like, but they are taxed as equity.
From the blog
Frequently asked questions
What is the NAV of Helios Arbitrage Fund?
As of 05 Oct 2026, the NAV of Helios Arbitrage Fund is ₹10.32 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Helios Arbitrage Fund delivered?
Helios Arbitrage Fund has returned +3.10% 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 Arbitrage Fund?
Helios Arbitrage Fund charges an expense ratio of 1.76% 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 Arbitrage Fund?
Helios Arbitrage Fund's largest holdings are HDFC Bank Ltd. (6.1%), Axis Bank Ltd. (5.9%), Life Insurance Corporation of India (5.8%), Eicher Motors Ltd. (4.8%) and Tata Steel Ltd. (4.7%). Holdings are disclosed monthly and change over time.
How risky is Helios Arbitrage Fund?
Helios Arbitrage Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 2.0% and its worst peak-to-trough fall in our sample was -0.5%. 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 Arbitrage Fund?
Helios Arbitrage Fund is benchmarked against the NIFTY 50 Arbitrage Total Return Index(TRI). Its alpha and beta on this page are measured against that index.
Who manages Helios Arbitrage Fund?
Helios Arbitrage Fund is managed by Alok Bahl and Pratik Singh at Helios.
How is Helios Arbitrage Fund taxed?
Helios Arbitrage 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.