Helios Financial Services Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Helios Financial Services Fund Direct Growth Plan currently has a NAV of ₹11.94 as of 10 Sep 2026 and a scheme AUM of ₹210 Cr. Its 1-year, 3-year and 5-year returns are 2.67%, 0% and 0% respectively, and it sits in the High Risk category.

Our view is that this is a focused financial-services strategy that has shown only modest recent progress so far, with limited longer-term return history because it was launched on 24 Jun 2024. The portfolio is concentrated in banks and financial names, so the fund may suit investors who can accept sharper swings and want sector-specific exposure rather than a broad market style.

Quick facts

Particular	Details
NAV	₹11.94 as of 10 Sep 2026
AUM	₹210 Cr
Expense Ratio	0.83%
Launch Date	24 Jun 2024
Min SIP	₹1,000
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	Nil upto 10% of units and 1% for remaining units or before 3M, Nil after 3M
Fund Managers	Alok Bahl, Pratik Singh

The fund is managed by Alok Bahl and Pratik Singh.

Source data date: as of 10 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.83%	-4.06%
3M	8.55%	1.37%
1Y	2.67%	-7.31%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

Short-term behaviour has been mixed but better than the benchmark in the latest slices. Over 1 month the fund was still negative, yet it held up better than Nifty 50, and over 3 months it moved ahead of the benchmark by a wide margin. That is useful because it shows the fund has been able to recover faster than the index in the most recent stretch, even if the month-to-month path is uneven.

The 1-year return is positive at 2.67%, while the benchmark is still negative at -7.31%. That gap suggests the fund has been more resilient than the broad market over the trailing year. At the same time, the absence of 3-year and 5-year figures means there is not yet a long record here to confirm how stable that edge is through a full cycle.

The underlying pattern in the recent path looks choppy rather than smooth. The fund had a weaker spell before recovering, and that makes sense for a sector-focused equity portfolio that can move quickly in both directions. Our read is that the latest improvement is encouraging, but it should be weighed against the short operating history and the fact that recent strength has not yet been tested over longer periods.

Source data date: as of 10 Sep 2026

Should you BUY or HOLD Helios Financial Services?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Helios Financial Services Fund Direct Growth Plan	2.67%	Data not available	Data not available
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	73.94%	37.12%	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	29.94%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	29.26%	Data not available	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	28.3%	Data not available	Data not available
SBI Automotive Opportunities Fund Direct Growth Plan	27.13%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The recent 1-year return is far below the strongest peer figures shown here, but the fund has still done better than the benchmark over the same period. Where the picture becomes more difficult is in the absence of longer return histories for this scheme, while some peers do have 3-year data that is substantially stronger. That means the short-term comparison is encouraging versus the index, but not yet persuasive when set beside peers with deeper track records.

Because several peers also lack 3-year and 5-year data, the comparison is not entirely one-sided. Even so, the current fund’s available history is thinner and its 1-year result is modest relative to the displayed peer set. Our interpretation is that the short-term story is improving, but the longer-term comparison remains open until the scheme builds a fuller record.

Source data date: as of 10 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
ICICI Bank Ltd.	Bank	13.4%
HDFC Bank Ltd.	Bank	11.07%
One 97 Communications Ltd.	IT	8.38%
Bajaj Finance Ltd.	Finance	7.35%
State Bank of India	Bank	6.34%
Shriram Finance Ltd.	Finance	4.88%
SBI Funds Management Ltd.	Domestic Equities	4.77%
Motilal Oswal Financial Services Ltd.	Finance	4.2%
Axis Bank Ltd.	Bank	4.05%
Cholamandalam Investment & Finance Co. Ltd.	Finance	3.46%

The top 10 holdings account for approximately 67.9% of the portfolio.

To see all holdings, visit the Helios Financial Services Fund Direct Growth Plan page

The largest holding, ICICI Bank Ltd., is 13.4%, which is sizeable for a single stock in an actively managed equity portfolio. The weight then steps down to 11.07% in HDFC Bank Ltd. and falls further through a mix of banking and finance names, with the tenth holding at 3.46%. That spread suggests the portfolio may be meaningfully influenced by a few large positions rather than being evenly distributed across the top end.

The top 10 names together account for 67.9% of the portfolio, and there are 29 disclosed holdings in total. That combination points to a fairly focused structure with a long tail outside the largest positions. In our view, the fund may move more with developments in its key banking and financial holdings than a broader diversified equity fund would.

Source data date: as of 10 Sep 2026

Who should invest

This fund is best viewed by investors who are comfortable with High Risk equity exposure and can tolerate a sector-focused path. The 1-year return has been positive while the benchmark has been negative, but the lack of longer track record means the recent recovery is still young.

The fund may suit a longer horizon investor who can wait through uneven periods and accepts that financial-services positioning can add sharper swings. The main trade-off is clear: the portfolio is concentrated enough to offer stronger upside if the sector stays supportive, but that same focus can also lead to bigger moves than a broader equity fund.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

The exit load is nil up to 10% of units, while 1% applies on the remaining units if holdings are sold before 3 months. There is no exit load after the holding period.

Source data date: as of 10 Sep 2026

Frequently asked questions

What is the current NAV of Helios Financial Services Fund Direct Growth Plan?

The current NAV is ₹11.94 as of 10 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The 1-year return is 2.67%, while the 3-year and 5-year returns are Data not available in the displayed history.

How has the fund performed against Nifty 50 recently?

It has beaten Nifty 50 over 1 month, 3 months and 1 year. The gap is especially clear over 3 months and 1 year.

How does the fund compare with the displayed peer funds on 1-year returns?

The fund’s 1-year return is much lower than the strongest displayed peer figures, but it is still ahead of the benchmark over the same period. The comparison is less complete on 3-year and 5-year numbers because several peers also show missing values.

What is the minimum SIP amount?

The minimum SIP amount is ₹1,000.

Who manages the fund and what is the exit load?

The fund is managed by Alok Bahl and Pratik Singh. The exit load is nil up to 10% of units, while 1% applies on the remaining units if holdings are sold before 3 months; there is no exit load after the holding period.

Bottom line

Helios Financial Services Fund Direct Growth Plan has shown a better recent path than its benchmark, but the return record is still short and the longer-horizon figures are not yet available. The displayed peer set includes much stronger 1-year outcomes, so the fund’s appeal rests more on its focused financial-services positioning and recent resilience than on a deep performance history. With High Risk tagging and a concentrated top holding list, it is a more specialised equity option for investors who can handle volatility.

Published on 11 September 2026 at 3:12 PM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.