Helios Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Helios Consumption Fund ‘. The offer rate will be Rs. 10 per unit at face value. Entry load will be nil and Exit load -If units redeemed or switched out within 3 months from the date of allotment will be 1% of the applicable NAV; If redeemed/switched out after 3 months from the date of allotment will be Nil. The Scheme offers Growth and Income Distribution cum capital withdrawal option (IDCW Plans/Options for investment and minimum target subscription amount for the Scheme to be raised is Rs 10 crore.The performance of the scheme will be benchmarked as against NIFTY India Consumption Total Return Index (TRI). The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.The investment objective of the scheme is to generate long-term capital appreciation by predominantly investing in equity and equity related securities of companies engaged in consumption and consumption related activities.