Helios Flexi Cap Fund vs Helios Small Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Helios Flexi Cap Fund is a Flexi Cap fund and Helios Small Cap Fund is a Small Cap fund. Helios Flexi Cap Fund charges 0.86% a year and Helios Small Cap Fund 0.89% (Direct plans). Their portfolios overlap 30.2%: they hold 35 of the same securities.
Which is better, Helios Flexi Cap or Helios Small Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Helios Flexi Cap costs less: 0.86% a year against 0.89% (Direct plans).
- Helios Flexi Cap fell less in its worst fall since 28-11-2025: −15.8% against −16.9%.
- Helios Flexi Cap holds more in large companies: 56.0% of the fund in large caps against 2.1%.
- Helios Flexi Cap is the larger fund: ₹8,784 Cr against ₹1,885 Cr.
- Their portfolios overlap 30.2%: 35 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Helios Flexi Cap Fund | Helios Small Cap Fund |
|---|---|---|
| Fund house | Helios Mutual Fund | Helios Mutual Fund |
| Category | Flexi Cap | Small Cap |
| AUM | ₹8,784 Cr (30-09-2026) | ₹1,885 Cr (30-09-2026) |
| NAV | ₹15.41 (Direct) | ₹10.87 (Direct) |
| Expense ratio (Direct) | 0.86% | 0.89% |
| Expense ratio (Regular) | 2.09% | 2.40% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty Smallcap 250 TRI |
| Launch date | 13-11-2023 | 27-11-2025 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Alok Bahl, Pratik Singh | Alok Bahl, Pratik Singh |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months. | Exit load of 1%, if redeemed within 3 months. |
Helios Flexi Cap vs Helios Small Cap: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Helios Flexi Cap Fund (Direct) | −1.03% | −2.59% | +2.60% | −3.02% | -- | -- | -- |
| Helios Small Cap Fund (Direct) | −5.23% | −1.18% | +10.36% | -- | -- | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | -- | -- | -- |
| Small Cap average | −5.86% | −3.28% | +5.03% | -- | -- | -- | -- |
Category average: the average of the 46 Flexi Cap funds and the 36 Small Cap funds, same plan type.
Helios Flexi Cap vs Helios Small Cap: Year-wise Returns
| Year | FlexiHelios Flexi Cap | SmallHelios Small Cap |
|---|---|---|
| 2026to date | −1.03% | +10.58% |
| 2025 | +7.60% | -- |
| 2024 | +29.89% | -- |
Helios Flexi Cap vs Helios Small Cap: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Helios Flexi Cap Fund
Helios Flexi Cap vs Helios Small Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Helios Flexi Cap Fund (Direct) | Helios Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.90% | +9.02% |
| Standard deviation | 16.23% | 18.12% |
| Sharpe ratio | 0.55 | 0.21 |
| Sortino ratio | 0.74 | 0.29 |
| Maximum drawdown | −18.2% (28-02-2025) | −16.9% (23-03-2026) |
| Beta | 1.08 | 0.94 |
| Alpha | +5.79% | +7.96% |
From daily NAVs, 15-11-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Helios Flexi Cap Fund (Direct)
Helios Small Cap Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Helios Flexi Cap Fund (Direct) | −15.8% | 01-12-2025 | 30-03-2026 | 22-06-2026 | 3 months | −6.4% |
| Helios Small Cap Fund (Direct) | −16.9% | 01-12-2025 | 23-03-2026 | 06-05-2026 | 44 days | −8.0% |
| Nifty 500 TRI | −14.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.4% |
From daily values since 28-11-2025, the first day every fund has.
Helios Flexi Cap vs Helios Small Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Helios Flexi Cap Fund, September 2026; Helios Small Cap Fund, September 2026
Holdings in common
- Overlap
- 30.2%
- Held by both
- 35
- Only in Helios Flexi Cap
- 36
- Only in Helios Small Cap
- 61
| Security | % of Helios Flexi Cap | % of Helios Small Cap |
|---|---|---|
| Ather Energy Ltd. | 2.19% | 1.77% |
| Syrma SGS Technology Ltd. | 2.47% | 1.51% |
| Multi Commodity Exchange of India Ltd. | 1.51% | 1.91% |
| One 97 Communications Ltd. | 3.68% | 1.46% |
| The Phoenix Mills Ltd. | 1.56% | 1.44% |
| CarTrade Tech Ltd. | 1.29% | 1.72% |
| Delhivery Ltd. | 1.55% | 1.24% |
| Honasa Consumer Ltd. | 1.16% | 1.46% |
| Motilal Oswal Financial Services Ltd. | 1.31% | 1.07% |
| Torrent Pharmaceuticals Ltd. | 1.64% | 1.04% |
| GMR Airports Ltd. | 1.06% | 1.03% |
| SAREGAMA India Ltd. | 1.00% | 1.49% |
| Billionbrains Garage Ventures Ltd. | 1.00% | 1.06% |
| PNB Housing Finance Ltd. | 1.30% | 0.97% |
| K.P.R. Mill Ltd. | 0.94% | 0.95% |
| NBCC (India) Ltd. | 0.90% | 0.82% |
| Gokaldas Exports Ltd. | 0.82% | 1.16% |
| Swiggy Ltd. | 0.80% | 1.65% |
| Physicswallah Ltd. | 0.97% | 0.72% |
| Poonawalla Fincorp Ltd. | 0.95% | 0.71% |
| 360 ONE WAM Ltd. | 1.37% | 0.67% |
| Netweb Technologies India Ltd. | 0.64% | 1.20% |
| PB Fintech Ltd. | 0.66% | 0.62% |
| Indegene Ltd. | 0.61% | 0.90% |
| Page Industries Ltd. | 0.61% | 1.34% |
| Sedemac Mechatronics Ltd. | 0.59% | 1.14% |
| Travel Food Services Ltd. | 0.64% | 0.58% |
| Piramal Pharma Ltd. | 0.58% | 1.46% |
| Lalithaa Jewellery Mart Ltd. | 0.56% | 1.54% |
| Rentomojo Ltd. | 0.52% | 1.46% |
| Acutaas Chemicals Ltd. | 0.51% | 1.19% |
| Pine Labs Ltd. | 0.46% | 1.32% |
| V2 Retail Ltd. | 0.41% | 0.72% |
| Computer Age Management Services Ltd. | 0.36% | 0.76% |
| Fortis Healthcare Ltd. | 0.85% | 0.20% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 30.2% means 30.2% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Helios Flexi Cap Fund
| Security | % of fund |
|---|---|
| Eternal Ltd. | 4.34% |
| HDFC Bank Ltd. | 4.31% |
| ICICI Bank Ltd. | 4.12% |
| Adani Ports and Special Economic Zone Ltd. | 3.92% |
| Kotak Mahindra Bank Ltd. | 3.02% |
Largest holdings only in Helios Small Cap Fund
| Security | % of fund |
|---|---|
| Shadowfax Technologies Ltd. | 2.22% |
| Redington Ltd. | 1.64% |
| Edelweiss Financial Services Ltd. | 1.59% |
| Tips Music Ltd. | 1.57% |
| Carborundum Universal Ltd. | 1.55% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Helios Flexi Cap | Helios Small Cap |
|---|---|---|
| Equity | 98.4% | 98.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.6% | 2.0% |
Market cap of stocks
| Market cap | Helios Flexi Cap | Helios Small Cap |
|---|---|---|
| Large Cap | 56.0% | 2.1% |
| Mid Cap | 21.1% | 17.6% |
| Small Cap | 19.4% | 70.7% |
| Not on AMFI's list | 2.0% | 7.6% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Helios Flexi Cap | Helios Small Cap |
|---|---|---|
| Banks | 14.2% | 1.8% |
| Auto Components | 0.6% | 10.7% |
| Finance | 8.7% | 3.7% |
| Capital Markets | 8.4% | 7.7% |
| Pharmaceuticals & Biotechnology | 2.7% | 7.5% |
| Retailing | 7.3% | 4.1% |
| Healthcare Services | 2.9% | 6.8% |
| Transport Infrastructure | 5.0% | 1.0% |
| Financial Technology (Fintech) | 4.8% | 3.4% |
| Commercial Services & Supplies | 0.5% | 4.8% |
| Transport Services | 2.5% | 4.7% |
The six largest sectors of each fund's stocks, % of the fund.
Helios Flexi Cap vs Helios Small Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Helios Flexi Cap Fund | Helios Small Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.86% | 0.89% |
| Base expense ratio (Direct) | 0.46% | 0.47% |
| Total expense ratio (Regular) | 2.09% | 2.40% |
| Base expense ratio (Regular) | 1.51% | 1.77% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Helios Flexi Cap with
Helios Flexi Cap Fund vs Helios Small Cap Fund: Frequently Asked Questions
What is the difference between Helios Flexi Cap Fund and Helios Small Cap Fund?
Helios Flexi Cap Fund is a Flexi Cap fund, Helios Small Cap Fund is a Small Cap fund, run by Helios Mutual Fund. Their portfolios overlap 30.2%. Helios Flexi Cap Fund charges 0.86% a year and Helios Small Cap Fund 0.89%.
Which has the lower expense ratio, Helios Flexi Cap Fund or Helios Small Cap Fund?
Helios Flexi Cap Fund charges less: 0.86% a year against 0.89%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Helios Flexi Cap Fund and Helios Small Cap Fund overlap?
30.2%. They hold 35 of the same securities, the largest shared ones being ATHERENERG, SYRMA, MCX. From each fund's latest monthly portfolio.
Which is riskier, Helios Flexi Cap Fund or Helios Small Cap Fund?
On SEBI's riskometer, Helios Flexi Cap Fund is rated Very High and Helios Small Cap Fund Very High. Over their common history, the standard deviation of daily returns was 16.23% and 18.12% a year.
Can I invest in both Helios Flexi Cap Fund and Helios Small Cap Fund?
Yes. 30.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Helios Flexi Cap Fund and Helios Small Cap Fund?
Helios Flexi Cap Fund: Alok Bahl, Pratik Singh. Helios Small Cap Fund: Alok Bahl, Pratik Singh.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.