Helios Mid Cap Fund
Direct · GrowthAI Summary
Helios Mid Cap Fund has outperformed the NIFTY Midcap 150 across all measured periods, with a 1Y fund CAGR of 16.83% versus the benchmark's 9.86% and a 1Y alpha of 7.02%. However, its 1Y SIP XIRR of 10.07% trails the category average SIP XIRR of 21.6% by a wide margin, suggesting recent SIP investors have fared worse than peers. Calendar year returns were solid, with 27.93% in 2025 and 10.48% in 2026.
The fund shows strong downside protection with a downside capture of 93.38% over 1Y and 88.21% over longer periods, alongside upside capture near or above 100% in 1Y, driving its positive alpha. Risk-adjusted quality is reflected in a Calmar ratio of 0.93 over 1Y, with only one drawdown event exceeding 10% and a quick 45-day recovery from the maximum drawdown. The maximum drawdown duration of 126 days indicates moderate but manageable peak-to-trough persistence.
The fund holds 61 stocks with a well-diversified top 10, where the largest position, One 97 Communications, is only 3.06% of NAV, limiting single-stock risk. Sector exposure is led by Capital Markets (11.1%), Auto Components (10.3%), and Finance (9.6%), giving a combined financial-services tilt of roughly 20%. Holdings span fintech, consumer durables, healthcare, realty, and textiles, indicating a broad, multi-sector mid-cap approach.
While the fund consistently beats its benchmark across 1Y to 15Y horizons with positive alpha at every point, its 1Y SIP XIRR of 10.07% sits well below the category average of 21.6%, indicating underperformance versus mid-cap peers on SIP-based returns. The steady alpha and favorable capture ratios suggest disciplined benchmark-relative execution rather than category leadership. Investors should weigh the fund's benchmark outperformance against its lagging category standing.
This fund suits investors seeking mid-cap exposure with a benchmark-beating, downside-aware strategy, ideally with a 5-7 year horizon to allow alpha to compound. It is appropriate for those with moderate-to-high risk tolerance, as mid-cap funds remain volatile despite this fund's favorable capture ratios. SIP investors sensitive to recent category-relative performance may want to compare against peers before committing.
- Consistent positive alpha versus NIFTY Midcap 150 across all periods, including 7.02% over 1Y
- Strong downside protection with downside capture of 88.21% over longer horizons and only one drawdown event exceeding 10%
- Well-diversified 61-stock portfolio with the top holding at just 3.06% of NAV
- 1Y SIP XIRR of 10.07% significantly trails the category average of 21.6%
- Financial-services concentration of roughly 20% across Capital Markets and Finance sectors adds sector risk
Generated on 05-09-2026, 3:04 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.58 L | 10.1% | -18.6% | 26.5% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY MIDCAP 150 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 10.1% | 22.1% | 21.6% | -12.0% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 15.5% | 15.9% | 6.6% | 24.6% | 2.55 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY MIDCAP 150
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +7.02 | 0.99 | 100.8% | 93.4% | 16.8% | 9.9% |
| 3 Years | +4.15 | 0.93 | 96.3% | 88.2% | 12.3% | 8.3% |
| 5 Years | +2.20 | 0.93 | 96.3% | 88.2% | 7.2% | 4.9% |
| 7 Years | +1.40 | 0.93 | 96.3% | 88.2% | 5.1% | 3.5% |
| 10 Years | +0.83 | 0.93 | 96.3% | 88.2% | 3.5% | 2.4% |
| 12 Years | +0.60 | 0.93 | 96.3% | 88.2% | 2.9% | 2.0% |
| 15 Years | +0.39 | 0.93 | 96.3% | 88.2% | 2.4% | 1.6% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | One 97 Communications Ltd. | 3.06% |
| 2 | Dixon Technologies (India) Ltd. | 2.94% |
| 3 | Fortis Healthcare Ltd. | 2.90% |
| 4 | Nippon Life India Asset Management Ltd. | 2.78% |
| 5 | Apar Industries Ltd. | 2.73% |
| 6 | Aditya Birla Capital Ltd. | 2.73% |
| 7 | The Phoenix Mills Ltd. | 2.69% |
| 8 | Piramal Finance Ltd. | 2.65% |
| 9 | Marico Ltd. | 2.46% |
| 10 | Page Industries Ltd. | 2.41% |