Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Stewart Investors Indian Subcontinent A GBP Acc

Ranked 42 out of 47 in - India over 12 months
All calculations are in GBP unless stated

Managed by

David Gait

David Gait was born in Edinburgh in 1975 and holds a BA in Economics from Cambridge University and an MSc in Investment Analysis from Stirling Univerisity. David joined Stewart Ivory in 1997, the predecessor to First State Investments. He is responsible for evolving the emerging markets and Asia Pacific strategies and is the lead manager on the First State Asia Pacific Sustainability and First State Indian Subcontinent funds. David has been managing funds for over 11 years.

Sashi Reddy

Sashi Reddy is a Portfolio Manager at Stewart Investors. The Global Emerging Markets/ Asia Pacific (ex-Japan) team manages funds in Asia Pacific, Emerging Market, Worldwide and Sustainable Development equity investment strategies on behalf of clients. Sashi joined the team in July 2008 and he serves as the lead Portfolio Manager of the Indian Subcontinent OEIC. Sashi has an engineering degree from the National Institute of Technology, Trichy and an MBA from the Schulich School of Business, York University in Toronto.


The Fund will comprise investments in a diversified portfolio of companies of the Indian subcontinent. The Fund concentrates on securities that are listed, traded or dealt in on regulated markets in the Indian subcontinent and instruments issued by companies established, operating or having a predominant part of their economic activities in the Indian subcontinent and listed on other regulated markets. The Fund invests in companies which are positioned to benefit from, and contribute to, the sustainable development of the countries in which they operate.

Showing fund performance in United Kingdom View performance globally


India over : 31/01/2017 - 31/01/2018

Total Return

Quarterly Performance

to 01/01/2018 Annual Q1 Q2 Q3 Q4
2017 18.4% 9.3% 0.5% -2.6% 10.6%
2016 20.5% -2.8% 14.8% 8.9% -0.9%
2015 5.4% 12.3% -8.7% 2.4% 0.4%
2014 51.1% 6.2% 13.0% 18.1% 6.6%
2013 1.9% 5.9% -5.5% -6.7% 9.2%
2012 24.0% 14.4% -7.4% 15.0% 1.8%
2011 -22.8% -7.5% 5.5% -10.9% -11.1%
2010 36.9% 13.1% 4.0% 12.6% 3.4%
2009 84.7% 1.2% 33.5% 24.8% 9.7%
2008 -42.3% -22.4% -17.9% 1.9% -11.1%
2007 54.3% -4.6% 17.0% 12.0% 23.4%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Canada
  3. Chile
  4. France
  5. Germany
  6. Ireland
  7. Italy
  8. Luxembourg
  9. Netherlands
  10. Sweden
  11. Switzerland
  12. United Kingdom

Fund Info

  • Launch date15/11/2006
  • Share Class size96Mn
  • Base currencyGBP

Purchase Info

  • Min. initial investment1,000
  • Min. regular additional investment50


  • Annual management1.75%
  • Initial investment4

Related News

Indian equities excel as sector becomes runaway success

Indian equities as a whole have been a runaway success over the past year

First State Indian Subcontinent

Citywire Selection: 3 year review

We review Citywire Selection's performance as we reach our three years anniversary.

First State soft closes Lau and Asante funds

First State Investments is soft closing five emerging market funds including Citywire AA-rated Martin Lau, Greater China Growth Fund, a Citywire Selection pick.

Fund of the Week: First State Indian Subcontinent

India has had its fair share of problems in recent months. Rocked by scandal since the Commonwealth Games, it is also enduring soaring inflation, with food prices remaining close to all time highs.

The Citywire verdict on who's hot and who's not

This week with First State Indian Subcontinent, AXA Framlington Japan Smaller Companies, CF Canlife Far East and CF Walker Crips Equity Income.  

Russia will be the best performing Bric, says Neptune founder Geffen

Neptune's Robin Geffen says Russia is the Bric country with the most upside potential as the oil price continues to recover.

Tohani departs First State

David Gait and Angus Tulloch take on the management of the First State Indian Subcontinent fund after Tohani leaves the firm.

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).