Helios Large and Mid Cap Fund

Helios Large and Mid Cap Fund delivered a 1Y SIP XIRR of 11.07%, which trails the category average SIP XIRR of 16.54% by about 5.5 percentage points. Against the NIFTY 50, however, the fund shows strong outperformance, with a 1Y alpha of 12.25% and a fund CAGR of 8.52% versus the benchmark's -2.9%. Its upside capture of 111% with downside capture of 95.69% indicates it participates more in rallies than it loses in declines.

The fund's maximum drawdown of just -0.18% with a 74-day duration and 119-day recovery reflects remarkably contained recent losses, though 2 drawdown events exceeding 10% have occurred historically. A Calmar ratio of 0.657 over 1Y suggests moderate risk-adjusted returns relative to drawdown. Beta of 1.088 indicates slightly higher volatility than the NIFTY 50, but the favorable capture ratios show the extra risk has been rewarded on the upside.

The top 10 holdings account for roughly 33% of the portfolio across 57 total stocks, indicating reasonable diversification with no single stock above 5%. Leading positions include One 97 Communications (4.98%), Eternal (4.03%), and Adani Ports (3.81%), with a tilt toward financials — Capital Markets, Banks, and Finance together represent about 29% of the portfolio. Exposure spans fintech, retail, infrastructure, and consumer names, offering breadth across growth themes.

The fund's 1Y SIP XIRR of 11.07% sits well below the category average of 16.54%, suggesting underperformance versus large and mid cap peers on the primary investor return metric. Its consistent positive alpha over multiple time horizons versus the NIFTY 50 (12.25% at 1Y, 6.24% at 3Y) shows benchmark outperformance even as peer comparison lags. Calendar year returns of 9.83% in 2025 and 3.95% in 2024 indicate modest but positive absolute performance.

This fund suits investors seeking large and mid cap exposure with an active, benchmark-beating approach, but they should note the gap versus category peers on SIP returns. A horizon of at least 5 years is appropriate given mid cap exposure and the fund's longer-term alpha profile. Investors should have moderate-to-high risk tolerance, as the category can experience drawdowns exceeding 10% despite the fund's currently benign drawdown metrics.

• Strong alpha versus NIFTY 50 of 12.25% over 1Y and 6.24% over 3Y, with fund CAGR of 8.52% against a benchmark CAGR of -2.9%
• Favorable capture profile with 111% upside capture versus 95.69% downside capture, indicating gains outpace losses relative to the benchmark
• Well-diversified 57-stock portfolio with the top holding at only 4.98% of NAV

• 1Y SIP XIRR of 11.07% significantly trails the category average of 16.54%, indicating underperformance versus peers
• Financial sector concentration of roughly 29% across Capital Markets, Banks, and Finance creates sector-specific risk
• Two historical drawdown events exceeding 10% show the fund is not immune to sharp corrections despite recent low drawdowns