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 FACTS

APIR Code
L classETL0478AU | AU60ETL04784
M classETL0482AU | AU60ETL04826
H classETL0482AU | AU60ETL04826
Buy-Sell Spread0.35% / 0.35%
Management Fees
H class1.50%
M class1.10%
L class0.95%
Performance Fees
H class10%of the excess return over the benchmark, with a high watermark
M class10%
L class15%
Latest Unit PriceDownload the Fund NAV Sheet
Valuation FrequencyDaily
AUM $65.99 Million (August 2022)
Fund Inception Date6th September 2016
Distribution FrequencyYearly at 30 June
CurrencyAustralian Dollars
BenchmarkMSCI India (Net) in AUD
Fund DomicileAustralia
Responsible entityEquity Trustees Limited
Fund administratorMainstream Fund Services Pty Ltd
Fund auditorKPMG Australia

FUND PERFORMANCE

AS OF 30TH AUGUST, 2022
 3 Months1 Year2 Years (p.a.)3 Years (p.a.)5 Years (p.a.)Since Inception (p.a.)
IAEF (M Class)10.64%-2.27%28.65%13.97%9.28%9.93%
IAEF (H Class)10.52%-2.73%28.01%13.41%8.76%8.74%
MSCI India11.06%3.23%26.48%14.50%11.82%11.68% (M Class)
*Past performance is not necessarily indicative of future results and no person guarantees the performance of any India Avenue Investment Management (IAIM) financial product or service or the amount or timing of any investment return from it. There can be no assurance that an IAIM financial product or service will achieve any targeted returns, that asset allocations will be met or that an IAIM financial product or service will be able to implement its investment strategy and investment approach or achieve its investment objective
AS OF 30TH AUGUST, 2022
AS OF 30TH AUGUST, 2022
Name Industry Weight
Bajaj Finance Financials 4.70%
ICICI Bank Financials 3.87%
Infosys Information Technology 3.24%
Hindalco Industries Materials 3.21%
Redington (India) Information Technology 2.71%
Avenue Supermarts Consumer Staples 2.68%
Kotak Mahindra Bank Financials 2.67%
Shriram Transport Fin Financials 2.65%
Brigade Enter. Real Estate 2.58%
Cyient Information Technology 2.48%
Hitachi Energy Industrials 2.31%
Ultratech Cement Materials 2.31%
Tata Consultancy Services Information Technology 2.19%
Tech Mahindra Information Technology 2.08%
SBI Life Insurance Financials 2.00%
Tata Steel Materials 1.97%
Barbeque Nation Consumer Discretionary 1.96%
Aurobindo Pharma Health Care 1.86%
Info Edge (I) Ltd Communication Services 1.84%
Pidilite Industries Materials 1.82%