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

Helios Mid Cap Fund Direct Growth Plan currently has a NAV of ₹13.89 as of 15 September 2026, with scheme AUM of ₹2,228 Cr. Its 1-year, 3-year and 5-year returns are 10.68%, 0% and 0% respectively, and the scheme sits in the High Risk category.

Our view is that this is a mid-cap equity fund that has shown a reasonable 1-year showing, but the absence of longer track record numbers makes the longer-horizon picture incomplete. The portfolio leans on a fairly focused set of holdings, so investors need to be comfortable with a higher level of stock-specific movement.

Quick facts

Particular	Details
NAV	₹13.89 as of 15 Sep 2026
AUM	₹2,228 Cr
Expense Ratio	0.79%
Launch Date	13 Mar 2025
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 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-2.18%	-4.67%
3M	3.43%	-1.38%
1Y	10.68%	2.67%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

In the recent 1-month window, the fund was negative but still held up better than the benchmark, which fell more sharply. That tells us the scheme has not been immune to short-term swings, yet it has shown some relative resilience versus the index.

The 3-month picture is stronger, with the fund in positive territory while the benchmark remained negative. This suggests the recent recovery has been more effective at the fund level than for the benchmark, even though the path has not been smooth.

Over 1 year, the fund’s return of 10.68% is comfortably ahead of the benchmark’s 2.67%. The one-year path also shows periods of drawdown and recovery rather than a straight line, so the fund’s behaviour has been cyclical. Because the scheme was launched on 13 March 2025, 3-year and 5-year return figures are not available, and that keeps the longer-compounding assessment limited for now.

For investors, the key reading is that the fund has recently outpaced its benchmark, but the track record is still short. That means the present edge has to be weighed against the fact that there is not yet a multi-year return history to judge consistency across a full market cycle.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Helios 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Helios Mid Cap Fund Direct Growth Plan	10.68%	Data not available	Data not available
HSBC Midcap Fund Direct Growth Plan	16.86%	22.92%	18.09%
WOC Mid Cap Fund Direct Growth Plan	11.85%	21.03%	Data not available
ITI Mid Cap Fund Direct Growth Plan	9.12%	19.14%	15.86%
Baroda BNP Paribas Mid Cap Fund Direct Growth Plan	8.87%	16.11%	14.75%

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

The fund sits below the strongest 1-year peer returns in this set, especially versus HSBC Midcap Fund Direct Growth Plan and WOC Mid Cap Fund Direct Growth Plan. However, it is still ahead of ITI Mid Cap Fund Direct Growth Plan and Baroda BNP Paribas Mid Cap Fund Direct Growth Plan on 1-year numbers, so the short-term picture is mixed rather than one-sided.

The longer-horizon comparison is less direct because the current fund does not yet have 3-year or 5-year figures. Among peers with those periods available, HSBC Midcap Fund Direct Growth Plan has a much stronger multi-year record, while ITI Mid Cap Fund Direct Growth Plan and Baroda BNP Paribas Mid Cap Fund Direct Growth Plan also show firmer longer-term numbers than the current fund can currently match. The short-term and longer-term peer stories therefore point in different directions: recent momentum is acceptable, but the scheme still lacks a mature history.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
One 97 Communications Ltd.	IT	3.43%
Apar Industries Ltd.	Capital Goods	2.95%
Piramal Finance Ltd.	Finance	2.60%
Nippon Life India Asset Management Ltd.	Finance	2.46%
Fortis Healthcare Ltd.	Healthcare	2.44%
Motilal Oswal Financial Services Ltd.	Finance	2.43%
Aditya Birla Capital Ltd.	Finance	2.42%
Coforge Ltd.	IT	2.39%
360 One Wam Ltd.	Finance	2.37%
The Phoenix Mills Ltd.	Realty	2.36%

The top 10 holdings account for approximately 25.85% of the portfolio.

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

The largest holding, One 97 Communications Ltd., has a weight of 3.43%, which is not especially large for a mid-cap portfolio. The drop from the first holding to the tenth is modest rather than steep, moving from 3.43% to 2.36%, so the visible core positions are fairly close in size.

At the same time, the top 10 holdings together account for only 25.85% of the portfolio, while the scheme discloses 68 holdings in total. That combination suggests the portfolio may be spread across a relatively long tail of smaller positions, which could reduce dependence on any single name while still leaving individual stock moves relevant.

Because the top holdings are clustered in the 2% to 3% range, no single position dominates the visible list. The structure looks moderately diversified across the disclosed holdings, but it is still a mid-cap equity fund, so stock selection and sector rotation may matter more than they would in a broad market index product.

Source data date: as of 15 Sep 2026

Who should invest

This fund suits investors who can accept High Risk and who are comfortable with a mid-cap equity allocation that may move around meaningfully over shorter periods. The recent 1-year result is better than the benchmark, but the scheme does not yet have a 3-year or 5-year return history, so patience matters more than fast conclusions.

It is best viewed by investors with a longer horizon who can tolerate swings in pursuit of equity growth. The main trade-off is straightforward: the portfolio may offer upside through active mid-cap selection, but the limited history and the higher-risk profile mean short-term volatility and uneven periods are part of the package.

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 applies if units are sold within 3 months: nil on up to 10% of units and 1% on the remaining units. After 3 months, no exit load applies.

Source data date: as of 15 Sep 2026

Frequently asked questions

What is the current NAV of Helios Mid Cap Fund Direct Growth Plan?
The current NAV is ₹13.89 as of 15 September 2026.

What are the 1-year, 3-year and 5-year returns?
The 1-year return is 10.68%, while the 3-year and 5-year returns are Data not available because the scheme does not yet have those full histories.

How has the fund done versus its benchmark?
It has outpaced the benchmark over 1 year, with 10.68% versus 2.67%. It has also been ahead over 3 months and 1 month, although those periods can move quickly.

How does it compare with the peer funds shown here?
Its recent 1-year return is below HSBC Midcap Fund Direct Growth Plan and WOC Mid Cap Fund Direct Growth Plan, but above ITI Mid Cap Fund Direct Growth Plan and Baroda BNP Paribas Mid Cap Fund Direct Growth Plan.

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. If units are sold within 3 months, the exit load is nil on up to 10% of units and 1% on the remaining units; after 3 months, there is no exit load.

Bottom line

Helios Mid Cap Fund Direct Growth Plan has a stronger recent return profile than its benchmark, but its short history means longer-term consistency is still unproven. Compared with peers, the 1-year result is respectable but not standout, and the lack of 3-year and 5-year figures keeps the comparison incomplete. The fund carries a High Risk label and holds a moderately spread portfolio, so it may suit investors who can tolerate volatility and want mid-cap exposure with an active stock-picking approach.

Published on 16 September 2026 at 2:11 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.