OUR FUND
INDIA AVENUE EQUITY FUND
The India Avenue Equity Fund provides a diversified exposure across high quality Indian corporate success stories as well as to companies which are less known, but with the potential to be tomorrow’s leading companies
A long-term investment, in a well-diversified portfolio of companies, listed predominantly on India’s stock exchanges. The Fund provides exposure to large, already successful companies growing strongly given India’s fundamentals as well to companies which are under-researched and less known, but with the potential to be tomorrow’s leading companies given an ecosystem highly conducive to growth. The Fund is suitable for both for institutional and retail clients with an investment horizon of 5-7 years and looking to participate and benefit from India’s growth story.
INVESTMENT OBJECTIVES
“The Fund seeks to outperform its benchmark, the MSCI India (Net) in AUD over rolling 5 year periods, with less volatility than the stated benchmark”
LONSEC RATING: RECOMMENDED*
FUND DOCUMENTS
Target Market Document
AUSTRALIAN INVESTORS
INVESTMENT VALUE GREATER THAN $50,000
INVESTMENT VALUE LESS THAN $50,000
NEW ZEALAND INVESTORS
OTHER FORMS
FUND FACTS
FUND PERFORMANCE
DECEMBER 2022
| M Class | 3 Months | 1 Year | 2 Years (p.a.) | 3 Years (p.a.) | 5 Years (p.a.) | Since Inception (p.a.) |
| Fund Returns (net) | -6.76% | -12.84% | 13.38% | 9.52% | 5.66% | 8.22% |
| MSCI India (AUD) | -3.31% | -1.32% | 14.98% | 11.65% | 9.08% | 10.40% |
| Relative Performance | -3.45% | -11.52% | -1.60% | -2.13% | -3.42% | -2.18% |
| H & L Class | 3 Months | 1 Year | 2 Years (p.a.) | 3 Years (p.a.) | 5 Years (p.a.) | Since Inception H Class (06/04/17) | Since Inception L Class (19/04/21) |
| H Class (net) | -6.86% | -13.16% | 12.82% | 8.99% | 5.14% | 6.92% | |
| L Class (net) | -6.73% | -12.49% | 13.98% | ||||
| MSCI India (AUD) | -3.31% | -1.32% | 14.98% | 11.65% | 9.08% | 10.12% | 17.49% |
Past performance is not an indicator of future performance. Above returns are calculated based on the exit price of 30 th December 2022, net of fees and assuming reinvestment of dividends. Returns after 1 year are annualised. The only difference between the M, H and L class are the management and performance fees charged. The underlying investments of each class are identical.
FEBRUARY 2023
| M Class | 3 Months | 1 Year | 2 Years (p.a.) | 3 Years (p.a.) | 5 Years (p.a.) | Since Inception (p.a.) |
| Fund Returns (net) | -8.49% | -7.94% | 8.73% | 8.06% | 6.21% | 7.51% |
| MSCI India (AUD) | -13.10% | -3.16% | 9.62% | 8.91% | 8.22% | 8.92% |
| Relative Performance | 4.61% | -4.79% | -0.88% | -0.85% | -2.00% | -1.41% |
| H & L Class | 3 Months | 1 Year | 2 Years (p.a.) | 3 Years (p.a.) | 5 Years (p.a.) | Since Inception H Class (06/04/17) | Since Inception L Class (19/04/21) |
| H Class (net) | -8.59% | -8.33% | 8.19% | 7.54% | 5.69% | 6.17% | |
| L Class (net) | -8.44% | -7.79% | 10.93% | ||||
| MSCI India (AUD) | -13.10% | -3.16% | 9.62% | 8.91% | 8.22% | 8.50% | 11.50% |
Past performance is not an indicator of future performance. Above returns are calculated based on the exit price of 28th February 2023, net of fees and assuming reinvestment of dividends. Returns after 1 year are annualised. The only difference between the M, H and L class are the management and performance fees charged. The underlying investments of each class are identical.
DECEMBER 2022
IAEF
MSCI India
FEBRUARY 2023
IAEF
MSCI India
AS OF 30TH OCTOBER, 2022
| Name | Industry | Weight |
| Bajaj Finance | Financials | 4.69% |
| ICICI Bank | Financials | 4.05% |
| Infosys | Information Technology | 3.40% |
| Kotak Mahindra Bank | Financials | 2.70% |
| Avenue Supermarts | Consumer Staples | 2.60% |
| Redington (Inida)LTD | Information Technology | 2.51% |
| Shriram Transport Fin | Financials | 2.46% |
| Cyient | Information Technology | 2.24% |
| Tata Consultancy Services | Information Technology | 2.23% |
| Hindalco Industries | Materials | 2.11% |
| Tech Mahindra | Information Technology | 2.10% |
| Brigade Enter. | Real Estate | 2.05% |
| Hitachi Energy India | Industrials | 1.99% |
| SBI Life Insurance | Financials | 1.94% |
| Barbeque Nation Hosp | Consumer Discretionary | 1.89% |
| Aurobindo Pharma | Health Care | 1.88% |
| Axis Bank | Financials | 1.87% |
| Pidilite Industries | Materials | 1.76% |
| Divis Laboratories | Health Care | 1.75% |
| Info Edge (I) | Communication Services | 1.69% |
JANUARY 2023
| Name | Industry | Weight |
| Bajaj Finance | Financials | 4.22% |
| ICICI Bank | Financials | 3.77% |
| Redington (India) | Information Technology | 3.46% |
| Infosys | Information Technology | 3.45% |
| Shriram Transport Fin Co. | Financials | 2.62% |
| Hindalco Industries | Materials | 2.48% |
| Tata Consultancy Services | Information Technology | 2.38% |
| Tech Mahindra | Information Technology | 2.32% |
| Persistent Systems | Information Technology | 2.26% |
| Axis Bank | Financials | 2.22% |
| HCL Technologies | Information Technology | 2.19% |
| Hitachi Energy India | Industrials | 1.99% |
| Brigade Enter. | Real Estate | 1.92% |
| Interglobe Aviation | Industrials | 1.92% |
| Sbi Life Insurance Company | Financials | 1.91% |
| Avenue Supermarts | Consumer Staples | 1.79% |
| Kotak Mahindra Bank | Financials | 1.66% |
| Aia Engineering | Industrials | 1.59% |
| Barbeque Nation Hosp. | Consumer Discretionary | 1.57% |
| Tata Steel | Materials | 1.46% |
