Helios MF’s June Moves: Key Buys, Sells and Portfolio Rebalancing
Amid rising markets and renewed investor zeal, Samir Arora-backed Helios Mutual Fund’s Flexi Cap scheme edged up its cash buffer while reshuffling core bets—adding fresh names like Swiggy and Siemens Energy India, trimming legacy banks, and upping stakes in credit and logistics plays.
Cash Cushion Modestly Rises
Helios MF nudged its cash holdings to 1.29% of AUM in June (from 1.08% in May) as markets rallied.
- Reflects a cautious stance despite equity optimism.
- Equates to roughly ₹45 crore parked in liquid assets for a ₹3,471 cr fund.
Top-Three Anchors: Adani Ports, ICICI Bank, HDFC Bank
The largest allocations remain firmly in:
- Adani Ports—a play on India’s trade uptick.
- ICICI Bank—helming steady credit growth.
- HDFC Bank—a proxy for retail lending resilience.
Major New Buys: Betting on Growth and Turnarounds
- Swiggy (0.53% of AUM; 46,220 shares)
- Why buy? Riding the fast-commerce wave and 8.9% monthly gains.
- What’s next? Continued share gains in hyperlocal delivery.
- Vishal Mega Mart (1.29% of AUM; 33.47 lakh shares)
- Why buy? Strengthening rural and semi-urban retail franchises.
- What’s next? Margin recovery on private-label expansion.
- Niva Bupa Health Insurance (0.68% of AUM; 29.01 lakh shares)
- Why buy? Tap into rising healthcare premiums and digital onboarding.
- What’s next? Portfolio diversification in the Rs 60,000 cr sector.
- Siemens Energy India (1.56% of AUM; 18.16 lakh shares)
- Why buy? Benefiting from renewable-energy capex; up 16% in June.
- What’s next? Order book growth in green hydrogen and grid solutions.
Stocks Exited: Shifting Away from Niche Services
- BLS International Services: Fully sold out (6.5 lakh shares)
- Federal Bank: Zeroed holdings (21.85 lakh shares)
- Why exit? Profit-booking and asset-quality caution.
Significant Increases: Doubling Down on Credit & Logistics
- Bajaj Finance: +950% to 11.27 lakh shares (3.04% of AUM)
- Why add? Steady retail-finance growth; stable NIMs.
- Delhivery: +52% to 13.51 lakh shares (1.49% of AUM)
- Why add? E-commerce tailwinds; expanding pan-India network.
- NBCC (India): +50% to 24.29 lakh shares (0.86% of AUM)
- Why add? Government infrastructure thrust; order-book visibility.
- DLF: +31% to 9.54 lakh shares (2.3% of AUM)
- Why add? Housing-demand revival in key cities.
- Motilal Oswal Financial Services: +8% to 7.83 lakh shares (1.96% of AUM)
- Why add? Broking and asset-management fee growth.
- Hitachi Energy India: +3% to 6,258 shares (0.36% of AUM)
- Why add? Niche power-grid and electrification solutions.
Trims in Core Holdings: Banking on Selectivity
- State Bank of India: –18.3% to 9.40 lakh shares (2.22% of AUM)
- Why trim? Profit-taking after modest share gains; redeploy into higher-growth names.
Beyond Flexi Cap: Mid-Cap Fund Highlights
In its mid-cap scheme, Helios also:
- Led with Hitachi Energy India (2.77% weight) and Muthoot Finance (2.73%).
- Held Siemens Energy India at 2.69% and HPCL at 2.55%.
- Lifted cash to 3.65%, signaling a slightly more defensive tilt.
