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Helios Mutual Fund announced the launch of the Helios Balanced Advantage Fund. The scheme opened for public subscription on March 11, 2024, and will close on March 20, 2024.
The investment objective of the scheme is to capitalize on the potential upside of equities while attempting to limit the downside by dynamically managing the portfolio through investment in equity and equity related instruments and active use of debt, money market instruments and derivatives.
The scheme will be benchmarked against CRISIL Hybrid 50+50 – Moderate Index. The scheme will be managed by Alok Bahl (equity investments), and Utssav Modi (debt investments).