Helios In a single day Fund, an providing from the lately launched Samir Arora’s Helios Mutual Fund, has opened its subscription window on Thursday, October 19, 2023, and will probably be accessible for funding till October 23, 2023. As an open-ended debt scheme labeled as an in a single day fund, the brand new fund provide (NFO) is designed to offer a mix of low threat and excessive liquidity by investments in debt and cash market securities with a maturity of 1 enterprise day, together with Tri-Social gathering Repo (TREPS) and Reverse Repo.
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Funding goal
The first goal of the scheme is to generate returns that align with low threat and excessive liquidity.
Minimal subscription
The minimal subscription quantity for the expansion Choice is ₹ 5,000, whereas for the IDCW (Earnings Distribution cum capital withdrawal) possibility is ₹ 25,000. Being an open-ended scheme, models of the scheme will be bought or redeemed on all enterprise days primarily based on Internet Asset Worth (NAV) pricing.
The minimal redemption quantity will be any quantity or any variety of models as requested by the investor on the time of redemption.
Liquidity and repurchase
The scheme will reopen for steady sale and repurchase inside 5 enterprise days from the date of unit allotment underneath the New Fund Provide (NFO). In case of delays in redemption, a penal curiosity could also be charged. It is necessary to notice that in distinctive conditions, the fund could observe extra timelines for redemption funds.
Benchmark and plan choices
The scheme’s benchmark index is the CRISIL Liquid In a single day Index. It provides a number of plan choices, together with the Direct Plan Development Choice, Direct Plan IDCW Choice, Common Plan Development Choice, and Common Plan IDCW Choice.
The document date for the every day IDCW Re-investment Choice is each enterprise day, and the precise distribution of IDCWs relies on the provision of distributable surplus, in accordance with the fund’s doc.
Load construction
Systematic funding and switch plans
As of now, the scheme doesn’t provide SIP (Systematic Funding Plan) facility. Nevertheless, it offers Systematic Switch Plan (STP) and Systematic Withdrawal Plan (SWP) choices with completely different frequencies and minimal quantities.
Asset allocation and funding methods
The fund’s funding technique is energetic administration to attain its low-risk, high-liquidity aims.
Segregated portfolio for credit score occasions
To deal with credit score occasions and liquidity threat, Helios In a single day Fund has the supply for making a segregated portfolio. This ensures truthful therapy for all traders and protects their pursuits in case of a credit score occasion. It separates troubled belongings from the primary portfolio, providing benefits like stability and equity to traders, the fund home stated.
A take a look at returns of different in a single day funds
| Scheme Identify | 1-year | 2-year | 3-year |
| Groww In a single day Fund – Direct Plan – Development | 6.20% | 5.11% | 4.42% |
| Shriram In a single day Fund – Direct Plan – Development | 6.52% | – | – |
| Baroda BNP Paribas In a single day Fund – Direct Plan – Development | 6.54% | 5.34% | 4.60% |
| Shriram In a single day Fund – Direct Plan – Development | 6.52% | – | – |
| Invesco India In a single day Fund – Direct Plan – Development | 6.52% | 5.32% | 4.57% |
| Financial institution of India In a single day Fund – Direct Plan – Development | 6.62% | 5.44% | 4.68% |
| Canara Robeco In a single day Fund – Direct Plan – Development Choice | 6.47% | 5.30% | 4.55% |
| Axis In a single day Fund – Direct Plan – Development | 6.57% | 5.37% | 4.62% |
| UTI In a single day Fund – Direct Plan – Development | 6.52% | 5.33% | 4.58% |
| Bandhan In a single day Fund – Direct Plan – Development | 6.53% | 5.33% | 4.58% |
(Supply: Moneycontrol)
Do you have to make investments?
Helios In a single day Fund presents a safe funding alternative for these seeking to park their funds for a brief interval, with an emphasis on low threat and excessive liquidity. As an in a single day fund, it is much less prone to rate of interest fluctuations and defaults, making it a gorgeous alternative for short-term traders.
(Edited by : Amrita)
First Printed: Oct 19, 2023 12:48 PM IST
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