Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Stewart Investors Indian Subcontinent A GBP Acc

Ranked 7 out of 49 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 aims to achieve long-term capital growth. 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. Particular consideration is given to investment in companies that 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 : 30/04/2017 - 30/04/2018

Total Return

Quarterly Performance

to 31/03/2018 Annual Q1 Q2 Q3 Q4
2018 -6.5%
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 size97Mn
  • Base currencyGBP

Purchase Info

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


  • Annual management1.75%
  • Initial investment4

Related News

Why I’m not worried about First State

Citywire deputy head of research Frank Talbot explains why there is no need to panic over news Angus Tulloch and Jonathan Asante are stepping back from their funds.

First State Indian Subcontinent

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