Helios Flexi Cap Fund Surges: Buys Adani Enterprises, Sells Titan Amid Sector Re-evaluation

Helios Flexi Cap Fund Surges: Buys Adani Enterprises, Sells Titan Amid Sector Re-evaluation​

The Samir Arora-led flagship Helios Flexi Cap Fund executed a strategic portfolio overhaul in May 2026, making significant additions and completely offloading key holdings. With Assets Under Management (AUM) standing at ₹7,094 crore at the end of the month, the fund maintained a strong equity focus with a 98.4 percent allocation across its 67 stock holdings.

The fund's current exposure remains heavily concentrated in banks and capital markets. Banks constitute the largest sectoral holding at 12.4 percent, closely followed by Capital Markets at 10.4 percent and Finance at 8.1 percent. Retailing and Transport Services also hold notable weightages at 6.2 percent and 5.7 percent respectively.

Strategic Buys and New High-Impact Investments​

Helios initiated three new positions during May, with a significant focus on the Adani conglomerate and data center opportunities. The fund added a fresh position in Adani Enterprises with a 2.37 percent allocation. This investment followed amid sharp sentiment improvement toward Adani Group stocks after the Department of Justice dropped fraud-related charges against Gautam Adani and his nephew Sagar Adani in the United States.

Dixon Technologies was also added to the portfolio, representing a 2.04 percent stake. The fund's addition underscores growing optimism around the data center segment. This follows recent developments where Dixon outlined plans to enter the fast-growing data centre hardware market via a partnership and announced a new manufacturing facility in Chennai. A smaller position was also initiated in Computer Age Management Services (CAMS) with a 0.53 percent allocation.

Major Exits and Portfolio Deconcentration​

The fund made two complete exits, completely divesting its stakes in Tata Motors and Titan Company during the month. The divestment of Tata Motors accounted for 2.04 percent of the portfolio at the end of April. The stock had faced pressure after falling around eight percent in May, largely attributed to surging global crude oil prices affecting operational costs for commercial vehicle manufacturers.

Similarly, Helios completely exited its holding in Titan Company, which represented 1.13 percent in April. While market sentiment remained constructive on Titan’s plans to double jewellery business revenue by FY30, the stock faced pressure after Prime Minister Narendra Modi urged citizens to postpone non-essential gold purchases to conserve foreign exchange reserves amid elevated global crude oil prices.

Sectoral Shifts and Position Adjustments​

Among existing holdings, Solar Industries India saw the largest positive portfolio shift, increasing its allocation from 1.15 percent to 1.57 percent. Power Grid Corporation of India also saw a substantial addition, raising its allocation from 0.90 percent to 1.25 percent. The fund further increased stakes in BSE, NBCC, PNB Housing Finance, Sedemac Mechatronics, and The Phoenix Mills.

On the reduction side, HDFC Bank witnessed the largest decrease, trimming its portfolio allocation from 4.35 percent down to 3.25 percent. Delhivery was also trimmed, with its allocation falling from 1.57 percent to 1.25 percent. Helios also pared exposure to other financial and technology stocks, including Shriram Finance, Cholamandalam Investment &Finance Company, Hitachi Energy India (allocated at 1.08 percent), and PB Fintech (at 1.43 percent).