Helios MF’s portfolio now includes Sona BLW Precision and other auto‑ancillary names.
CEO Dinshaw Irani said the fund keeps adding to positions where it has heavy conviction. He highlighted that new‑age firms, despite exponential valuations, justify those numbers with structural growth. The fund has also increased exposure to precision‑engineering businesses that benefit from rising global demand.
The strengthening yuan against the rupee has improved the price competitiveness of Indian manufacturers relative to Chinese rivals, a factor that bolstered the fund’s thesis.
Auto‑ancillary companies are poised to gain from a wave of free‑trade agreements, and Helios MF anticipates greater visibility as China‑plus‑one strategies spread.
Helios also sees logistics as an enabler for new‑age firms, pointing to Delhivery and Shadowfax as beneficiaries of e‑commerce growth.
While the fund has increased its stake in HDFC Bank, it remains below benchmark levels, and it will monitor the bank’s efforts to address core lending and fee‑income challenges before adjusting exposure.