In May 2025, Samir Arora-backed Helios MF made some notable shifts in its Flexi Cap fund. The fund’s cash holding dropped sharply from 5.26% to just 1.08%, signaling a clear move back into the market.
With an asset under management (AUM) of about Rs 3,213.5 crore, the fund is making serious bets on select stocks. The biggest chunks are still Adani Ports, ICICI Bank, and HDFC Bank — the usual suspects for a steady portfolio.
What Does This Mean for You?
If you’re an everyday investor, the lesson here is that Helios MF is confident enough in the market to reduce cash buffers. They’re picking winners but trimming some of the past favorites. Eternal (formerly Zomato) slipped from the third-largest to the fourth-largest holding. So, it’s a mix of betting on blue-chips and some growth plays.
To put it simply: they’re not hoarding cash and waiting. They’re in the game and tweaking their lineup.
Big Buys and Bigger Moves
During May, Helios MF bulked up on some key stocks:
- Adani Ports and SEZ: Shares jumped from 677,414 to 828,303. That’s about 3.69% of AUM, with a value touching Rs 118.64 crore. The stock price hovered at Rs 1,469.20.
- Bharat Electronics: Holdings rose from 13.78 lakh to 22.17 lakh shares, now 2.65% of AUM, valued at Rs 85.29 crore. The share price was Rs 392.30.
- KPIT Technologies: Increased to 6.44 lakh shares from 5.85 lakh, making up 2.68% of AUM, worth Rs 86.08 crore. The stock traded at Rs 1,352.10.
They also added new positions in:
- NBCC (India): Bought 16.2 lakh shares (0.62% AUM), worth about Rs 19.99 crore at Rs 128.77.
- MCX (Multi Commodity Exchange of India): Added 60,657 shares (1.25% AUM), valued at Rs 40.05 crore, trading at Rs 7,941.
- Gokaldas Exports: Added 3.77 lakh shares (1.16% AUM), valued at Rs 37.41 crore, trading near Rs 930.55.
- Delhivery: Added 8.88 lakh shares (0.99% AUM), worth Rs 31.81 crore, priced at Rs 371.10.
- The Indian Hotels Company: Added 3.91 lakh shares (0.94% AUM), valued at Rs 30.12 crore, trading at Rs 779.50.
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Slicing and Dicing the Portfolio
Not all were winners. Helios MF exited completely from S H Kelkar and Company Ltd. and Electronics Mart India Ltd., which appeared in April’s portfolio but vanished in May. These exits show the fund house’s strategy to cut underperformers or reallocating to better prospects.
Cash Trends Across Funds
It’s not just the Flexi Cap fund. Helios MF’s Mid Cap fund also trimmed cash from 6.5% to 3.17%, and the Large and Mid Cap fund slashed from 7% to 0.64%. Clearly, the fund house is betting on a market rebound and allocating more capital to equities.
What’s Next?
For investors tracking Helios MF, these moves offer clues about market sentiment and confidence. The fund’s steady push into top names, along with fresh bets in sectors like real estate (NBCC) and logistics (Delhivery), shows a diversified yet confident approach.
Disclaimer:
This article is for informational purposes only and does not constitute investment advice. Please consult a certified financial advisor before making any investment decisions.
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