Helios Fund Pivots Strategy: Titan, Coal India Added as the Scheme Maintains Strong Market Exposure

Helios Fund Pivots Strategy: Titan, Coal India Added as the Scheme Maintains Strong Market Exposure​

The Samir Arora-backed Helios Flexicap Fund undertook a significant portfolio reshuffle in June, adjusting its strategic exposure across consumer goods, commodities, and financial services. The fund completed the month with 68 stocks, managing an Assets Under Management (AUM) totaling ₹7,577 crore. This comprehensive review saw the addition of several key companies while strategically exiting holdings including Kotak Mahindra Bank and Bajaj Auto.

Portfolio Overhaul: Key Additions and Exit Decisions​

The fund introduced positions in six new entities during June. These additions included Titan Company (accounting for 1.9 percent of the portfolio), Coal India, Honasa Consumer, Welspun Corp, Piramal Finance, and Billionbrains Garage Ventures. Titan Company’s entry highlights a focused pivot towards the consumer sector, while Coal India contributed with an allocation of 1.1 percent.

The fund executed five complete exits in June, reducing stakes in several established companies. Kotak Mahindra Bank was noted as the largest single exit by portfolio weight, with the fund selling its entire 2 percent stake. Other completely exited holdings included Bajaj Auto (1.08 percent), Hero MotoCorp, PB Fintech, Jain Resource Recycling, and more.

Banking Dominance and Sectoral Concentration​

Despite trimming exposure in certain areas, the fund demonstrated a strong inclination towards financial stability and market infrastructure. Banks emerged as the largest sectoral allocation at 11.5 percent of the portfolio. HDFC Bank and ICICI Bank saw increased allocations; HDFC Bank's weight rose from 3.2 percent to 4 percent, while ICICI Bank climbed from 3.6 percent to 4 percent.

The fund also expanded its holdings in 15 companies. Notable increases included purchases of 5.33 lakh shares of HDFC Bank and 2.83 lakh shares of ICICI Bank. Conversely, the portfolio pared exposure slightly in Bharti Airtel (decline from 2.7 percent to 2.2 percent), Adani Ports & Special Economic Zone, and India Shelter Finance Corporation.

Top Holdings and Fund Performance Snapshot​

Adani Ports & Special Economic Zone maintained its position as one of the fund's largest holdings at 4.16 percent. It is followed closely by HDFC Bank (4 percent), Eternal (3.96 percent), and ICICI Bank (3.96 percent). The sectoral composition remains robust, with Capital Markets accounting for 10.9 percent and Finance representing 8.5 percent.

The fund remained near fully invested during the month, dedicating 99 percent of its assets to equities. Performance metrics show sustained growth: the scheme delivered a one-month return of 6.71 percent and 3.91 percent over six months. Since its launch in November 2023, the fund has generated returns of 19.1 percent, with a yearly return noted at 10.12 percent.