About Company
Helios Capital Asset Management (India) Pvt. Ltd
Helios -In Greek mythology, Helios is the God of Sun – the brightest star in the sky that has been universally worshipped as the natural source of light, energy, warmth, and nutrition on Earth since the start of time. According to mythology, Helios rode his chariot across the sky from east to west every day pulling the sun, and each night he rode back to the east, to diligently start again next morning. In addition, according to Hometic poems, Helios is described as the God who sees and hears everything and had an ethical and prophetic nature. Helios Capital is inspired by “Helios” for he has all the qualities one would seek in a good fund manager: strong purpose carried out with diligence, ability to see everything from his vantage point and an ethical and prophetic nature. Helios India is licensed by Securities & Exchange Board of India to offer Portfolio Management Services (PMS). Their flagship investment product is the Helios India Rising Portfolio.Singapore based Helios Capital Management Pte. Ltd. (“Helios”), holding a Capital Markets Services License from the Monetary Authority of Singapore, and registered as a Foreign Portfolio Investor with the Securities and Exchange Board of India. Helios, founded in 2005, currently manages both India focused long/short and long only funds/mandates and a globally focused long only fund. Founders of Helios (Dave Williams, Karan Trehan, and Samir Arora) have senior asset management experience and were pioneers in Indian asset management industry jointly setting up one of India’s first private sector AMCs in 1994 (in their prior roles). Additionally, Samir Arora has one of the longest track records (26+ years on the long side) in the Indian fund management business. He is also one of the most experienced India fund managers on the short side with a 15+ year track record.
What Is Helios India Rising Portfolio PMS?
Helios India Rising Portfolio is a discretionary, long-biased, multi-cap equity Portfolio Management Service (PMS) and the flagship strategy of Helios Capital Asset Management (India), picking stocks across market caps through theme-led, bottom-up research and an eight-factor Elimination Investing framework. Running since 16 March 2020 and managed by Dinshaw Irani, it is benchmarked to the BSE 500 TRI, requires a minimum investment of ₹50 lakh and managed ₹1,634.08 crore as of 31 August 2026.
It can invest up to 100% in listed securities, and its mix of large, mid and small caps changes with opportunities. It is a separate strategy from Helios India Emerging Star Portfolio, Helios India Rising Core Equity Portfolio and the Helios India Rising Fund II AIF, despite the similar names.
Helios India Rising Portfolio Snapshot
| Particular | Details |
|---|---|
| PMS Provider | Helios Capital Asset Management (India) Pvt. Ltd. |
| SEBI PMS Registration | INP000006916 |
| Strategy | Discretionary equity – long-biased multi-cap |
| Fund Manager | Dinshaw Irani |
| Inception | 16 March 2020 |
| Benchmark | BSE 500 TRI |
| Minimum Investment | ₹50 lakh |
| AUM | ₹1,634.08 crore (31 August 2026, APMI) |
| Fixed Fee Option | 2.5% |
| Variable Fee Option | 1.5% + 15% of profits above a 10% hurdle |
| Exit Load | Nil |
| Turnover | 0.76x (1 year) / 0.07x (1 month), 31 August 2026 |
| Investment Horizon | Medium to long term, typically 3–4 years |
Helios India Rising Portfolio Performance
Helios India Rising Portfolio PMS returned 20.19% annualised since inception to 31 August 2026, against 18.92% for the BSE 500 TRI, and 10.25% over one year against 4.72%, as reported to APMI.
| Period | Helios India Rising Portfolio | BSE 500 TRI | Difference |
|---|---|---|---|
| 1 Month | 5.04% | -0.09% | +5.13 pp |
| 3 Months | 11.37% | 3.86% | +7.51 pp |
| 6 Months | 11.97% | 1.43% | +10.54 pp |
| 1 Year | 10.25% | 4.72% | +5.53 pp |
| 2 Years | 5.38% | -0.11% | +5.49 pp |
| 3 Years | 16.00% | 12.09% | +3.91 pp |
| 4 Years | 16.25% | 11.90% | +4.35 pp |
| 5 Years | 12.56% | 10.91% | +1.65 pp |
| Since Inception | 20.19% | 18.92% | +1.27 pp |
As on 31 August 2026. Source: APMI. TWRR; periods over one year annualised. Past performance does not indicate future returns, and these figures should not be confused with other Helios strategies. Compare strategies on ALTPORT's PMS performance page.
Helios India Rising Portfolio Multi-Cap Investment Strategy
Helios India Rising Portfolio combines theme selection with stock selection, investing across large, mid and small caps wherever its research finds businesses backed by structural tailwinds, rather than holding fixed market-cap weights.
- Theme selection: finding sectors where industry dynamics or structural change support growth. Helios works around three major themes.
- Stock selection: researching individual companies within those areas rather than buying broad sector or index exposure.
The approach is long-biased and emphasises valuation, fundamental research and risk management. Holdings are bought with an initial one-to-three-year view and can be held longer while the thesis holds.
How Helios Selects Stocks for the Rising Portfolio
Helios India Rising Portfolio uses Elimination Investing: rather than searching for reasons to buy, it removes any company that fails one of eight fundamental tests, then researches the survivors in depth.
Ideas come from quantitative screens, company meetings, broker research, industry discussions, supply-chain checks and conversations with specialists. Analysts then test each company on eight factors:
- Quality and size of the opportunity
- Industry dynamics
- Potential disruption
- Management quality and strategy
- Corporate governance
- Accounting quality
- Medium-term business triggers
- Valuation
Companies that pass move to an Initial Buy List, then a Core Buy List, followed by financial modelling, research notes and ESG analysis.
The same framework drives selling: a stock may be trimmed or sold if fundamentals weaken, the thesis changes, valuation becomes unattractive or a better opportunity appears.
Helios India Rising Portfolio Minimum Investment, Fees and Exit Load
The minimum investment in Helios India Rising Portfolio PMS is ₹50 lakh. Investors choose a fixed fee of 2.5% a year, or a variable plan of 1.5% plus 15% of profits above a 10% hurdle, with no exit load. Custody, fund accounting, audit and brokerage costs may be charged separately. The client agreement sets the final terms.
Who Should Invest in Helios India Rising Portfolio PMS?
Helios India Rising Portfolio PMS suits investors with at least ₹50 lakh and a horizon of three years or more who want a professionally managed, multi-cap equity portfolio and are comfortable with equity volatility and a shifting market-cap mix. It should be weighed against personal liquidity needs, asset allocation, tax and risk capacity. Investors comparing options can browse the best PMS in India.
Meet the Fund Manager: Dinshaw Irani
Dinshaw Irani manages Helios India Rising Portfolio PMS and is CIO of Helios India. He has 28 years of investment experience, including over 14 years leading research at Artemis Advisors, Helios Singapore's research adviser, and earlier set up Sharekhan's PMS business.
Helios India Rising Portfolio PMS Risks
The main risks of Helios India Rising Portfolio PMS are equity-market, market-cap allocation, valuation, concentration, liquidity and manager risk.
Equity-market risk: Portfolio value moves with the market, company news and investor sentiment.
Market-cap allocation risk: Shifting between large, mid and small caps means different segments can drive results in different markets.
Valuation risk: A strong company can still fall if its valuation multiple contracts.
Concentration risk: Sector, theme or single-stock exposure can affect overall returns despite diversification.
Liquidity risk: Some holdings can be hard to sell at the desired price in stressed markets or under trading restrictions.
Manager and process risk: Results depend on research, stock selection and sell decisions, and on the stability of the team.
Other Helios Strategies
Helios also offers the mid- and small-cap Helios India Emerging Star Portfolio, the Helios India Liquid Portfolio for cash management with an STP into this portfolio, the Helios India Rising Core Equity Portfolio, and AIFs including the Helios India Long Short Fund and Helios India Rising Fund II. Investors can also read PMS vs mutual funds or speak to an ALTPORT advisor.
Listen to expert conversations and investment insights anytime on Spotify.
Track how the fund has performed against its benchmark over time through a comparative line graph analysis.
Helios India Rising Portfolio
Benchmark: BSE 500 TRI
Compare fund returns and benchmark performance across multiple investment periods using a visual bar graph.
Review and compare fund returns against benchmark performance across different investment periods in a detailed tabular format.
Helios Capital Asset Management (India) Pvt. Ltd
| AUM(Cr.) | 1M | 3M | 6M | 1Y | 2Y | 3Y | 4Y | 5Y | Ince. | |
| Performance | ₹1634.08 | 5.04 | 11.37 | 11.97 | 10.25 | 5.38 | 16.00 | 16.25 | 12.56 | 20.19 |
| Benchmark | NA | -0.09 | 3.86 | 1.43 | 4.72 | -0.11 | 12.09 | 11.90 | 10.91 | 18.92 |
Learn about the experienced fund managers responsible for investment decisions, portfolio strategy, and long-term fund performance.
Dinshaw Irani
Helios India’s Chief Investment Officer is Dinshaw Irani. He spent more than 14 years as the Executive Director of Artemis Advisors, Helios Singapore’s exclusive research advisors, before then. Dinshaw oversaw all aspects of the research project as the CEO of Artemis Advisors, from idea generation and industry outlook to final recommendation. He established Sharekhan’s portfolio management services division while serving as their principal portfolio manager from 2003 to 2004 before joining Artemis in 2005. Prior to working at Sharekhan, Dinshaw spent more than three years as a vice president on the consumer and pharmaceutical industries’ Asian Emerging Markets team for Alliance Capital in Mumbai. Prior to Alliance, Dinshaw had positions at Lloyd Securities and Sun F&C Mutual Fund. Dinshaw likes exploring new locations so he may spend time outside in nature preserves and on hiking trails. Dinshaw possesses a post-graduate diploma in rural management from the Institute of Rural Management, Anand, and a degree in commerce with honours. Dinshaw has 28 years of combined investment experience.
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Helios India Rising Portfolio is a discretionary, long-biased, multi-cap equity PMS from Helios Capital, running since 16 March 2020 and benchmarked to the BSE 500 TRI.
Helios India Rising Portfolio is a PMS. Helios India Rising Fund II is a separate Category III AIF.
Helios India Rising Portfolio PMS returned 20.19% annualised since inception and 10.25% over one year to 31 August 2026, against 18.92% and 4.72% for the BSE 500 TRI, as reported to APMI.
Helios India Rising Portfolio is benchmarked to the BSE 500 TRI.
Helios India Rising Portfolio was launched on 16 March 2020.
The minimum investment in Helios India Rising Portfolio PMS is ₹50 lakh.
Helios India Rising Portfolio PMS managed ₹1,634.08 crore as of 31 August 2026, as reported to APMI.
Helios India Rising Portfolio follows a long-biased, multi-cap strategy that combines structural themes with bottom-up stock selection through an eight-factor Elimination Investing framework.
Dinshaw Irani, CIO of Helios India, manages Helios India Rising Portfolio PMS.
Helios India Rising Portfolio PMS charges either a 2.5% fixed fee, or 1.5% plus 15% of profits above a 10% hurdle.
Helios India Rising Portfolio PMS has no exit load.
The main risks of Helios India Rising Portfolio PMS are equity-market volatility, shifting market-cap exposure, valuation, concentration, liquidity and manager risk.
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