NFO review: Helios Flexi Cap Fund

The wait is over. Seasoned fund manager Samir Arora's Helios launched its debut mutual fund - a flexi-cap scheme - for subscription on October 23. The fund, titled Helios Flexi Cap Fund, will accept investments from the public until November 6. So, let's take you through what the new fund has to offer and then review it. NFO snapshot Fund name Helios Flexicap Fund SEBI category Equity: Flexicap NFO period October 23 to November 06, 2023 Benchmark Nifty 500 TRI Fund manager Alok Bahl and Apurva Sharma Exit load If money is withdrawn within three months from the date of allotment:For 10% of investment: NilFor units redeemed in excess of 10 per cent: 1%(of applicable NAV)If redeemed after three months from the date of allotment: Nil Tax treatment Same as any equity fund.If units are sold after one year: 10 per cent (However, gains up to Rs 1 lakh in a financial year are exempt from tax.)If units are sold within a year: 15 per cent Samir Arora's return The market