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Helios PMS

Scheme Rating

IME Scheme Rating

4 of 5 stars

Theme Based Aprroach: The Strategy centers on theme-based stock selection, capitalizing on India’s growth drivers such as privatization, demographic shifts, and global competitiveness. It follows a diversified portfolio approach with a focus on negative selection to identify 2 kinds of stocks – “high confidence in reasonable returns” (10-20 stocks) and “reasonable confidence in -high returns” (20-30 stocks).

IME Strategy Rating

3 of 5 stars

Can be considered for investment: Helios India shares resources with Helios Singapore (the same team manages/advises FII fund, and the same team manages/advises both long-only and long-short strategy), this makes it not just another new PMS from scratch. Helios Singapore has 25 years of experience in Indian equities managing FII funds. Samir Arora and Dinshaw Irani come with over 25+ years of experience respectively.

PMS Scheme Ratings are driven by IME’s Proprietary Scheme Rating Methodology, which takes into account our ratings of the Scheme’s investment strategy, its maturity, the investment team, and our separate rating on the AMC that runs this particular scheme. Our views on each of these individual criteria are available via the IME RMS – which you can view by reaching out to one of our relationship managers (using either the live chat or book appointment feature on this site).

IME View on Helios PMS

Type: Large & Midcap | GARP | AUM ( cr) | Inc Date (4.3)

Investment Philosophy

SCDV Framework

IIFL’s investment strategy is to invest in a portfolio following their ‘SCDV’ framework, wherein a large proportion of portfolio is invested in high quality secular growth companies for long term compounding. The remaining allocation (tactical) is across quality cyclicals and defensives.

  • Secular: defined as high earnings growth (>15%) and high ROEs (>15%)
  • Cyclical: defined as high earnings growth (>15%) but lower ROEs (<15%)
  • Defensive: defined as lower earnings growths (<15%) but high ROEs (>15%)
  • Value Traps: defined as low earnings growth (<15%) and low ROEs (<15%)

Portfolio Construction

  • Core Portfolio: Invest in secular companies (50-80% allocation)
  • Tactical Portfolio: Invest in cyclical and defensive companies(20-50% allocation)
  • Avoid: Value traps ( not as part of the investment universe)

Trailing Performance

2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Helios Rising 32.04 -3.8
S&P BSE 500 TRI 26.6 4.8
Alpha (over Broad Mkt BM) 5.4 -8.6
Nifty 500 25.8 1.6
Alpha (over Category BM) 6.2 -5.4

Fund Managers

Helios Rising

Good Option: Rising India PMS is still young, however, the strong AMC pedigree, experienced team and good strategy make it a strong multi-cap strategy option for investors.Good Option: Rising India PMS is still young, however, the strong AMC pedigree, experienced team and good strategy make it a strong multi-cap strategy option for investors.Theme Based Aprroach: The Strategy centers on theme-based stock selection, capitalizing on India's growth drivers such as privatization, demographic shifts, and global competitiveness. It follows a diversified portfolio approach with a focus on negative selection to identify 2 kinds of stocks - "high confidence in reasonable returns" (10-20 stocks) and "reasonable confidence in -high returns" (20-30 stocks).Theme Based Aprroach: The Strategy centers on theme-based stock selection, capitalizing on India's growth drivers such as privatization, demographic shifts, and global competitiveness. It follows a diversified portfolio approach with a focus on negative selection to identify 2 kinds of stocks - "high confidence in reasonable returns" (10-20 stocks) and "reasonable confidence in -high returns" (20-30 stocks).Can be considered for investment: Helios India shares resources with Helios Singapore (the same team manages/advises FII fund, and the same team manages/advises both long-only and long-short strategy), this makes it not just another new PMS from scratch. Helios Singapore has 25 years of experience in Indian equities managing FII funds. Samir Arora and Dinshaw Irani come with over 25+ years of experience respectively.Can be considered for investment: Helios India shares resources with Helios Singapore (the same team manages/advises FII fund, and the same team manages/advises both long-only and long-short strategy), this makes it not just another new PMS from scratch. Helios Singapore has 25 years of experience in Indian equities managing FII funds. Samir Arora and Dinshaw Irani come with over 25+ years of experience respectively.Strong Investment Team: Samir Arora and Dinshaw Irani come with over 25+ years of experience respectively. Samir Arora has been managing FII funds at Helios Singapore with an India-dedicated strategy (long-only and long-short) since 2005, while Dinshaw Irani was an exclusive research advisor to Helios Singapore. Senior members of the team have worked together for 15-20 years and know how to handle various phases of the market.Strong Investment Team:mSamir Arora and Dinshaw Irani come with over 25+ years of experience respectively. Samir Arora has been managing FII funds at Helios Singapore with an India-dedicated strategy (long-only and long-short) since 2005, while Dinshaw Irani was an exclusive research advisor to Helios Singapore. Senior members of the team have worked together for 15-20 years and know how to handle various phases of the market.Fund Yet to Mature: While the fund has been around for more than 3 years, it has still not established a 5-year track record. A 5-year track record helps provide greater clarity on fund performance across market conditions.Fund Yet to Mature: While the fund has been around for more than 3 years, it has still not established a 5-year track record. A 5-year track record helps provide greater clarity on fund performance across market conditions.Bad Start: The initial performance of Helios India Rising PMS has been weak, even as the strategy is still too young to rate or judge its performance. Bad Start: The initial performance of Helios India Rising PMS has been weak, even as the strategy is still too young to rate or judge its performance.

AMC

AMC: (click link for detailed AMC review)