Helios Large and Mid Cap Fund

Helios Large and Mid Cap Fund has delivered a 1Y SIP XIRR of 9.36%, which trails the category average SIP XIRR of 11.04%. Against the NIFTY 50, the fund shows consistent outperformance with positive alpha across all periods, including 9.25% alpha over 1Y and 5.38% over 3Y, while the benchmark posted negative CAGRs. This suggests genuine stock-selection skill relative to the index, even though absolute returns remain modest in a weak market environment.

The fund's maximum drawdown of just -0.18% with a 74-day duration and 119-day recovery indicates remarkably shallow recent drawdowns, though 3 drawdown events exceeding 10% have occurred historically. A beta of roughly 1.05-1.08 shows market-like volatility, but the downside capture of 99.11% versus upside capture of 111.35% over 1Y is a favorable asymmetry. The 1Y Calmar ratio of 0.5771 reflects moderate risk-adjusted efficiency given the current return environment.

The top 10 holdings account for roughly 33.2% of the portfolio across 57 total stocks, indicating reasonable diversification. Financial services dominate with Capital Markets (10.6%), Banks (9.8%), Finance (8.6%), and Fintech (5.0%) together representing about 34% of the portfolio. Notable positions include One 97 Communications (4.98%), Eternal (4.03%), and Adani Ports (3.81%), with meaningful exposure to newer-economy names like fintech and retail.

The fund's 1Y SIP XIRR of 9.36% lags the category average of 11.04%, placing it below peers on the primary investor return metric. However, its consistent positive alpha versus NIFTY 50 across 1Y through 15Y horizons, with alpha declining from 9.25% to 1.34% over longer windows, suggests outperformance that narrows over time. Calendar year returns show mixed consistency, ranging from -4.6% in 2026 to 9.83% in 2025.

This fund suits investors seeking large and mid cap exposure with an active, conviction-driven portfolio tilted toward financials and consumer-facing businesses. A time horizon of at least 5-7 years is appropriate, as the fund's alpha advantage is most pronounced over shorter-to-medium windows and mid cap exposure requires patience through volatility. Investors should have moderate-to-high risk tolerance given the sector concentration in financial services and the inherent volatility of mid cap holdings.

• Consistent positive alpha versus NIFTY 50 across all measured periods, including 9.25% over 1Y and 5.38% over 3Y
• Favorable capture asymmetry with 111.35% upside capture versus 99.11% downside capture over 1Y
• Well-diversified 57-stock portfolio with a reasonable 33.2% concentration in the top 10 holdings and a competitive 0.72% expense ratio

• 1Y SIP XIRR of 9.36% underperforms the category average of 11.04%
• Heavy sector concentration in financial services, with Capital Markets, Banks, Finance, and Fintech together comprising roughly 34% of the portfolio