OUR FUND
INDIA AVENUE EQUITY FUND
INVESTMENT OBJECTIVES
LONSEC RATING: RECOMMENDED*

INVESTMENT VALUE GREATER THAN $50,000
INVESTMENT VALUE LESS THAN $50,000
FUND FACTS
APIR Code |
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Buy-Sell Spread | 0.35% / 0.35% | |||||||||
Management Fees |
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Performance Fees |
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Latest Unit Price | Download the Fund NAV Sheet | |||||||||
Valuation Frequency | Daily | |||||||||
AUM | $61.56 Million (February 2023) | |||||||||
Fund Inception Date | 6th September 2016 | |||||||||
Distribution Frequency | Yearly at 30 June | |||||||||
Currency | Australian Dollars | |||||||||
Benchmark | MSCI India (Net) in AUD | |||||||||
Fund Domicile | Australia | |||||||||
Responsible entity | Equity Trustees Limited | |||||||||
Fund administrator | Mainstream Fund Services Pty Ltd | |||||||||
Fund auditor | KPMG Australia |
FUND PERFORMANCE
- Performance
- Sector Breakdown
- Top 20 Holdings
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.
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.
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% |
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% |