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First State Indian Subcontinent

Ranked 13 out of 19 in - India over 12 months
All calculations are in GBP

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.

Objective

The Fund aims to grow your investment. The Fund invests in shares of companies based in or having significant operations in India, Pakistan, Sri Lanka or Bangladesh.

Performance

India over : 31/08/2013 - 31/08/2014

Total Return

Quarterly Performance

to 29/08/2014 Annual Q1 Q2 Q3 Q4
2014 33.6% 6.2% 13.0% 11.3%
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%
2006 0.0% 0.0%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/03/2014

Top 10 Holdings

Stock Size
Marico Ltd ORD 8.01
Tech Mahindra Ltd ORD 7.79
Dr.Reddy's Laboratories Ltd ORD 6.17
Dabur India Ltd ORD 6.08
Idea Cellular Ltd ORD 5.29
Kotak Mahindra Bank Ltd ORD 5.12
Tata Power Company Ltd ORD 4.30
Housing Development Finance Corporation Ltd ORD 3.90
Pidilite Industries Ltd ORD 3.67
Kansai Nerolac Paints Ltd ORD 2.78
31/03/2014

Registered For Sale In

  1. Austria
  2. Chile
  3. France
  4. Germany
  5. Netherlands
  6. Sweden
  7. Switzerland
  8. United Kingdom

Fund Info

  • Launch date15/11/2006
  • Share Class size167Mn
  • Base currencyGBP
  • ISIN GB00B1FXTF86

Purchase Info

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

Charges

  • Annual management1.8%
  • Initial investment4

Related News

First State Indian Subcontinent

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First State soft closes Lau and Asante funds

(Update) First State Investments is soft-closing five emerging market funds including one run by Martin Lau and another by Jonathan Asante.   

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.

India managers express fears over obstacles to growth

Talk of India's growth potential is as high as ever, but fund managers in the country doubt whether it is really ready for the seismic shift in reform that is required to achieve status as the world’s next economic powerhouse.

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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 GBP).