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 35 out of 46 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.

Objective

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

Performance

India over : 31/10/2015 - 31/10/2016

Total Return

Quarterly Performance

to 30/09/2016 Annual Q1 Q2 Q3 Q4
2016 -2.8% 14.8% 8.9%
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

Asset Allocation

Breakdown

30/09/2016

Top 10 Holdings

Stock Size
Marico Ltd ORD 6.05
Dr.Reddy's Laboratories Ltd ORD 5.63
Housing Development Finance Corporation Ltd ORD 5.32
Kotak Mahindra Bank Ltd ORD 5.27
Tech Mahindra Ltd ORD 4.97
Tube Investments of India Ltd ORD 4.34
Godrej Consumer Products Ltd ORD 4.09
Dabur India Ltd ORD 3.71
Tata Consultancy Services Ltd ORD 3.20
Mahindra and Mahindra Ltd ORD 2.84
30/09/2016

Registered For Sale In

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

Fund Info

  • Launch date15/11/2006
  • Share Class size113Mn
  • Base currencyGBP
  • ISIN GB00B1FXTF86

Purchase Info

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

Charges

  • 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

First State stems inflows into Asante's €4.9bn GEM Leaders fund

First State to soft close its top performing Global Emerging Markets Leaders fund to new investment.

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

(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.

Fund Results: 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 Robin 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.

...more...

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