Helios Large & Mid Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Helios Large & Mid Cap Fund Direct Growth Plan has a NAV of ₹11.70 as of 18 September 2026 and an AUM of ₹1,473 Cr. Its 1-year, 3-year and 5-year returns are 5.41%, 0% and 0%, respectively, and the fund is tagged as High Risk. Our view is that the fund is still in an early stage of live performance, so the current reading is more useful for understanding its recent direction than for judging a full market cycle.

The portfolio is built around a compact set of active positions, with the largest holding at 4.98% and the top 10 holdings together at 33.77% of assets. That profile suggests a relatively selective equity book, but the short track record means investors need to place more weight on risk tolerance and holding period than on long-run consistency.

Quick facts

Particular	Details
NAV	₹11.7 as of 18 Sep 2026
AUM	₹1,473 Cr
Expense Ratio	0.76%
Launch Date	30 Oct 2024
Min SIP	₹1,000
Risk Category	High Risk
Benchmark	Nifty Mid Cap
Fund Category	Equity
Exit Load	Nil upto 10% of units and 1% for remaining units on 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 18 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.93%	-3.73%
3M	1.47%	-3.14%
1Y	5.41%	-5.31%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

Over the last month, the fund slipped slightly, but it still held up better than the benchmark. That pattern matters because the benchmark was also weak, which means the fund’s recent drawdown was gentler than the market backdrop it was measured against.

The 3-month figure is more encouraging. A positive return in a period when the benchmark stayed negative suggests the fund has recently been doing a better job of preserving gains and participating in rebounds than the benchmark has.

The 1-year number is the clearest point of comparison. The fund is positive at 5.41% while the benchmark is negative at -5.31%, so the one-year experience has been meaningfully different from the benchmark’s broad weakness. That said, the fund does not yet have a 3-year or 5-year history, so investors should not read the current 1-year lead as proof of a full-cycle edge.

The short series of monthly moves shows a fund that has moved through weakness, recovery and another modest pullback rather than a straight line up. Our view is that this makes the recent result look constructive, but still early and incomplete for a strategy that is meant to be judged over a longer horizon.

Source data date: as of 18 Sep 2026

Should you BUY or HOLD Helios Large & Mid Cap?

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.

Already holding Helios Large & Mid Cap? Thinking of investing now?

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Peer comparison

Fund	1Y return	3Y return	5Y return
Helios Large & Mid Cap Fund Direct Growth Plan	5.41%	Data not available	Data not available
Quant Large & Mid Cap Fund Direct Growth Plan	9.74%	14.83%	15.98%
HSBC Large & Mid Cap Fund Direct Growth Plan	9.29%	18.04%	14.68%
Sundaram Large and Mid Cap Fund Direct Growth Plan	8.13%	14.5%	12.17%
Motilal Oswal Large & Midcap Fund Direct Growth Plan	7.44%	22.21%	18.76%
Invesco India Large & Mid Cap Fund Direct Growth Plan	6.46%	22.41%	17.1%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. The fund’s 1-year return trails every peer listed here, while several peers also show strong 3-year and 5-year numbers that this scheme cannot yet match because it has not built those histories. The gap is therefore most visible in the longer-horizon comparison, but the current fund’s recent return still needs to be read in the context of its much shorter operating record. That makes the short-term story and the longer-term peer story look meaningfully different.

Source data date: as of 18 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
One 97 Communications Ltd.	IT	4.98%
Eternal Ltd.	Retailing	4.03%
Adani Ports and Special Economic Zone Ltd.	Logistics	3.81%
ICICI Bank Ltd.	Bank	3.68%
Titan Company Ltd.	Diamond & Jewellery	3.23%
TREPS	Cash & Cash Equivalents and Net Assets	3.11%
Bajaj Finance Ltd.	Finance	2.85%
Adani Enterprises Ltd.	Trading	2.8%
The Phoenix Mills Ltd.	Realty	2.65%
HDFC Bank Ltd.	Bank	2.63%

The largest disclosed holding is One 97 Communications Ltd. at 4.98%, which is meaningful but not dominating on its own. The drop from the first holding to the tenth, HDFC Bank Ltd. at 2.63%, is fairly measured, so the list does not show a single position taking over the portfolio.

The top 10 holdings together account for approximately 33.77% of the portfolio, and there are 58 disclosed holdings in total. That combination points to a portfolio that is spread across a fairly long tail of positions rather than tightly concentrated in only a few names. At the same time, the top holdings still matter because the largest positions could have greater influence on performance if their individual moves diverge.

Our view is that this structure may balance stock-specific conviction with diversification, but it also means the outcome can depend on how a number of mid-sized positions behave rather than on a single dominant bet.

To see all holdings, visit the Helios Large & Mid Cap Fund Direct Growth Plan page

Source data date: as of 18 Sep 2026

Who should invest

This fund suits investors who can accept High Risk and who are comfortable with a large-and-mid-cap equity style that may move around in the short run. The current return pattern is mixed: the recent 1-month figure is soft, the 3-month and 1-year figures are positive, and the benchmark has been weaker over the same periods. That makes the fund more suitable for an investor with a longer holding period who is willing to sit through uneven stretches in exchange for the possibility of stronger participation when the market environment improves.

The main trade-off is simple: you get active equity exposure with a selective portfolio, but you must accept that the fund is still young and has not yet built a full 3-year or 5-year record. Investors who want steadier, more established long-term evidence may want to wait for a longer history, while those who can tolerate short-term volatility may find the profile more relevant.

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

Exit load

Nil up to 10% of units and 1% for the remaining units if redeemed on or before 3 months; no exit load after 3 months.

Source data date: as of 18 Sep 2026

Frequently asked questions

What is the current NAV of Helios Large & Mid Cap Fund Direct Growth Plan?
Its NAV is ₹11.70 as of 18 September 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 5.41%. The 3-year and 5-year returns are not available because the scheme does not yet have those full periods.

How has the fund done versus its benchmark?
It has done better over the recent periods shown. The fund is positive across 3 months and 1 year, while the benchmark is negative over the same periods.

How does it compare with peer funds on available return data?
Its 1-year return is lower than the listed peers, while several peers also show strong 3-year and 5-year numbers. The shorter track record makes the comparison uneven, but the current 1-year figure trails the peer set shown here.

Is there a 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 and 1% for the remaining units if redeemed on or before 3 months, and no exit load applies after 3 months.

Bottom line

Helios Large & Mid Cap Fund Direct Growth Plan has a short but usable performance record: recent returns are positive over 3 months and 1 year, yet the scheme is still too young to judge on 3-year or 5-year history. Against peers with longer records, the current 1-year figure looks lighter, but the portfolio is active and fairly spread out rather than concentrated in a single large bet. Its High Risk label and young age make it better suited to investors who can handle volatility and wait for a longer evidence base.

Published on 21 September 2026 at 11:05 AM 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.