Helios Capital
Helios Capital is an India-focused asset management firm founded in 2005, operating across offshore funds, onshore PMS/AIF and mutual fund wrappers from Singapore and Mumbai, serving HNI individuals, NRIs, family offices and qualified AIF investors using a proprietary 8-factor Elimination Investing (EITM) framework.
- Company typePrivate
- Founded2005
- HeadquartersMumbai, India
- Headcount—
- GTM typeB2B and B2C
- OfferingServices
What Helios Capital does
Helios Capital is a Singapore-incorporated, founder-controlled asset management firm focused on Indian equities, founded in 2005 by Samir Arora (Group CIO), Dave H. Williams, and Karan Trehan. It operates through three distribution platforms: (a) offshore funds including the flagship Helios Strategic Fund (variable long-biased India long-short strategy since July 2005) and global funds; (b) onshore India PMS and Category III AIF products licensed by SEBI (Helios India Rising Portfolio, Liquid, Emerging Star, Rising Core Equity, and three AIF schemes); and (c) the Helios Mutual Fund, launched in August 2023, including the Helios Flexi Cap Fund and the Helios Small Cap Fund introduced in 2026. The firm manages disclosed AUM of roughly ₹8,000 crore in domestic mutual funds (as of late 2025), ~₹1,328.50 crore in the flagship PMS (March 2026), and ₹6,211 crore in the Flexi Cap Fund (February 2026), with additional undisclosed AUM in offshore and alternative vehicles.
The firm's core technology is the proprietary Elimination Investing (EITM) framework — an 8-factor fundamental screen that systematically eliminates poor-quality stocks from a broad coverage universe down to a Core Buy List of ~100 names — combined with a Bar-Bell portfolio construction methodology and a stock-focused short-book alpha strategy with 18+ years of track record. Helios generates revenue primarily through AUM-linked management fees on PMS, mutual fund, and AIF products, supplemented by performance / incentive fees subject to hurdle rates and high watermarks; PMS mandates carry a SEBI-mandated ₹50 Lacs minimum ticket. The firm is sales-led and direct: clients are on-boarded directly with optional relationship-manager engagement, with no entry load or lock-in, while mutual fund products are distributed via the heliosmf.in portal and third-party distributor platforms. Helios holds multiple regulatory licences (Singapore CMS, SEBI FPI, PMS, AIF Category III, and mutual fund) and operates from Singapore and Mumbai with over 60 employees.
Helios Capital firmographics
Firmographics- Name
- Helios Capital
- Legal name
- Helios Capital Management Pte. Ltd.
- Website
- https://helioscapital.in
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Short description
- Helios Capital is an India-focused asset management firm founded in 2005, operating across offshore funds, onshore PMS/AIF and mutual fund wrappers from Singapore and Mumbai, serving HNI individuals, NRIs, family offices and qualified AIF investors using a proprietary 8-factor Elimination Investing (EITM) framework.
- Ownership category
- akta.pro rank
Helios Capital industry classification
Industry- Product category
- Investment Management
- NAICS
- Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Other Financial Vehicles (525990), Other Financial Investment Activities (5239), All Other Financial Investment Activities (52399)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Large-Cap Equity (Active) (FSAAAIAA)
- akta.pro secondary industry
- OCIO & Multi-Asset Outsourced Portfolio Management (FSAAAJAF)
Keywords
Where Helios Capital is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices3 records
Markets served
Helios Capital business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Portfolio Management Services (PMS) – Management Fees: PMS management fees charged as a percentage of AUM on client portfolios managed under discretionary PMS mandates (Helios India Rising Portfolio, Helios India Liquid Portfolio, etc.).
- PMS – Performance / Incentive Fees: Hybrid/performance-linked fee structure with hurdle rate and high watermark. The Portfolio Manager earns incentive fees only after exceeding the agreed minimum return threshold.
- Mutual Fund – Management Fees: Management fees charged on AUM of Helios Mutual Fund schemes (Helios Flexi Cap Fund, Helios Small Cap Fund). SEBI-licensed Investment Manager to Helios Mutual Fund schemes.
- Alternative Investment Fund (AIF) – Management and Performance Fees: Category III AIF management fees and performance fees on Helios India Alternate Fund schemes (Helios India Rising Fund, Helios India Rising Fund II, Helios India Long Short Fund).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Fixed Fee Structure |
| Subscription | Annual | Hybrid / Performance-Linked Fee Structure |
| Unit Pricing | Multi-year contract | PMS Minimum Investment |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels9 records
Helios Capital product offering
Product offeringCore offering
Helios Capital is an India-focused asset management firm that offers discretionary portfolio management services (PMS), Category III alternative investment funds (AIF), and onshore mutual fund schemes. The firm manages equity strategies across long-only, long-short, and global mandates using its proprietary Elimination Investing (EITM) framework, a structured 8-factor fundamental screening methodology. Services are targeted at high net-worth individuals, qualified domestic investors, and select retail mutual fund investors in India, with offshore funds distributed to international qualified investors.
Product overview
Helios Capital is an India-focused asset management firm operating across three main platforms: offshore funds (Helios Strategic Fund, Helios Global Fund), onshore PMS/AIF strategies (Helios India Rising Portfolio, Helios India Liquid Portfolio, Helios India Emerging Star Portfolio, Helios India Rising Core Equity Portfolio, and Helios India Alternate Fund with three sub-schemes), and an onshore mutual fund (Helios Mutual Fund launched August 2023). All equity strategies share the proprietary Elimination Investing (EITM) framework. The firm is headquartered in Singapore with operations in Mumbai, holds a Capital Markets Services Licence from MAS (Singapore) and is SEBI-registered as a Foreign Portfolio Investor, Portfolio Manager (INP000006916), and Category III AIF Manager (IN/AIF3/19-20/0773).
Differentiator
Problem solved
Functional benefit
Brands
- Helios India Alternate Fund: Category III Alternative Investment Fund registered with SEBI; includes Helios India Rising Fund, Helios India Rising Fund II, and Helios India Long Short Fund schemes
- Helios Strategic Fund
- Helios Global Fund
Products and services
- Helios Strategic Fund (HSF) The flagship offshore India long-short equity strategy, launched July 2005, managed by Samir Arora. It is a fundamentally driven, variable long-biased fund targeting double-digit USD returns and outperformance of Indian market benchmarks across cycles, with typical net equity exposure in the 60s. For qualified international investors.
- Helios India Rising Portfolio (PMS) The flagship discretionary multi-cap long-only equity PMS strategy benchmarked to the BSE 500 Total Return Index, managed by Dharmendra Grover. Minimum investment is INR 50 Lacs. Endeavours to generate positive alpha over a medium-to-long-term horizon using the Elimination Investing framework.
- Helios India Liquid Portfolio (PMS)
Quantifiable outcome
- Helios India Rising Portfolio delivered 16.95% TWRR since inception (March 2020 to March 2026), versus BSE 500 TRI benchmark of 17.70% over the same period
- +4 more outcomes
Companies that use Helios Capital
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles5 records
Helios Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Helios Capital partnerships and signals
Strategic signalScale indicators7 records
Recent moves7 records
Expansion highlights7 records
Helios Capital competitors and assessment
Company assessmentMarket position
Strengths4 records
Competitive moat5 records
Key risks1 record
Key highlights7 records
Customer concentration
Helios Capital social profiles
Digital presenceHelios Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Helios Capital leadership team
Management profileNumber of profiles
Profiles10 records
Helios Capital subsidiaries and ownership
Company hierarchySubsidiaries1 record
Helios Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Helios Capital M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Helios Capital
What does Helios Capital do?
Helios Capital is an India-focused asset management firm that offers discretionary portfolio management services (PMS), Category III alternative investment funds (AIF), and onshore mutual fund schemes. The firm manages equity strategies across long-only, long-short, and global mandates using its proprietary Elimination Investing (EITM) framework, a structured 8-factor fundamental screening methodology. Services are targeted at high net-worth individuals, qualified domestic investors, and select retail mutual fund investors in India, with offshore funds distributed to international qualified investors.
Is Helios Capital a public or private company?
Helios Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Helios Capital founded?
Helios Capital was founded in 2005.
Where is Helios Capital based?
Helios Capital is headquartered in Mumbai, India, in the Asia region.
How does Helios Capital make money?
Four revenue lines are on record. Portfolio Management Services (PMS) – Management Fees are the primary driver. The others are PMS – Performance / Incentive Fees, mutual Fund – Management Fees and alternative Investment Fund (AIF) – Management and Performance Fees.
Does Helios Capital have an API?
No public API is recorded for Helios Capital.
What industry is Helios Capital in?
Helios Capital's product category is Investment Management. Its primary akta.pro industry code is FSAAAIAA, Large-Cap Equity (Active), with a secondary code of FSAAAJAF, OCIO & Multi-Asset Outsourced Portfolio Management. Its NAICS code is 523940 and its SIC code is 6282.