India Fund

An actively managed, concentrated portfolio of high quality Indian growth companies.

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Fund overview

Asia is one of the best structural growth stories in the world and India is the one of the best growth stories in Asia. The Fund targets high quality, large cap Indian companies that provide sustainable growth.

  • The portfolio comprises of 20-50 Indian companies with long term sustainable growth profiles.
  • Managed by team of dedicated Asia and India specialists who have diverse sector and geographic expertise.
  • Distinctive high growth, high conviction, benchmark independent approach.
  • Blends macro insights with investable long-term themes and company analysis within a highly disciplined, repeatable investment process.

The Fund’s investment strategy is to construct a high quality portfolio of Indian companies using the team’s distinctive high growth, high conviction and benchmark independent investment approach. The team selects Indian companies in which there is the highest conviction and those that offer the best risk/reward profile.

Performance (Net %)

Download
As at 30/06/2021 1 Month3 Months6 Months1 Year3 Years p.a.Since
Inception p.a.
India Fund (Before Indian capital gains tax)2.74%7.17%9.89%33.08%11.05%9.76%
Benchmark2.38%8.47%15.50%43.39%11.28%9.73%
Alpha0.36%-1.29%-5.62%-10.31%-0.23%0.03%
India Fund (Net)2.65%6.88%9.29%31.62%9.58%8.34%

Disclaimer

The net performance figures are net of taxes, fees and expenses and assuming distributions are reinvested.

References to tax refer to capital gains tax applicable in India. The benchmark is the MSCI India Net Return Index (AUD). Since inception is 4 May 2017. Past performance is not a reliable indicator of future performance, nor a promise of future returns.

The performance figures presented are for the Ellerston India Fund (ARSN 618 549 796) with the exceptions noted above. The one month return figure may be an estimate and not the final return. This estimate also impacts other performance information provided. Estimated performance figures (where indicated) are preliminary and subject to change. Returns for other classes may differ slightly. Past performance is not indicative of future performance. Ellerston Capital Limited ABN 34 110 397 674 AFSL 283 000 is the responsible entity of the Ellerston India Fund (ARSN 618 549 796). The information supplied above has been prepared by Ellerston Capital Limited without taking account of the objectives, financial situation or needs of investors. Before making an investment decision about any Fund persons should obtain advice from an appropriate financial adviser, consider their own individual circumstances and obtain a copy of the relevant Product Disclosure Statement which is available on this website. This material has been prepared based on information believed to be accurate at the time of publication. Assumptions and estimates may have been made which may prove not to be accurate. Ellerston Capital undertakes no responsibility to correct any such inaccuracy. Subsequent changes in circumstances may occur at any time and may impact the accuracy of the information. To the full extent permitted by law, none of Ellerston Capital Limited, or any member of the Ellerston Capital Limited Group of companies makes any warranty as to the accuracy or completeness of the information in this website and disclaims all liability that may arise due to any information contained in this website being inaccurate, unreliable or incomplete.

Performance Graph

Disclaimer

Past performance figures are calculated pre-tax after taking into account fees and expenses and assume that all distributions are reinvested and do not take into account inflation. Past performance is not a reliable indicator of future performance, nor a promise of future returns. Performance can be volatile.

Distribution

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Fund Name 30/06/202130/06/202031/12/201930/06/201931/12/2018 Distribution Frequency
India Fund A$0.0764NilA$0.0149A$0.0215A$0.0292 Half-Yearly

Disclaimer

Past performance is not a reliable indicator of future performance, nor a promise of future returns. Performance can be volatile.

Performance (Net %)

Download
Fund Name 1 Month3 Months6 Months1 Year3 Years p.a.Since
Inception p.a.
India Fund (Before Indian capital gains tax)2.74%7.17%9.89%33.08%11.05%9.76%
Benchmark2.38%8.47%15.50%43.39%11.28%9.73%
Alpha0.36%-1.29%-5.62%-10.31%-0.23%0.03%
India Fund (Net)2.65%6.88%9.29%31.62%9.58%8.34%

Disclaimer

The net performance figures are net of taxes, fees and expenses and assuming distributions are reinvested.

References to tax refer to capital gains tax applicable in India. The benchmark is the MSCI India Net Return Index (AUD). Since inception is 4 May 2017. Past performance is not a reliable indicator of future performance, nor a promise of future returns.

The performance figures presented are for the Ellerston India Fund (ARSN 618 549 796) with the exceptions noted above. The one month return figure may be an estimate and not the final return. This estimate also impacts other performance information provided. Estimated performance figures (where indicated) are preliminary and subject to change. Returns for other classes may differ slightly. Past performance is not indicative of future performance. Ellerston Capital Limited ABN 34 110 397 674 AFSL 283 000 is the responsible entity of the Ellerston India Fund (ARSN 618 549 796). The information supplied above has been prepared by Ellerston Capital Limited without taking account of the objectives, financial situation or needs of investors. Before making an investment decision about any Fund persons should obtain advice from an appropriate financial adviser, consider their own individual circumstances and obtain a copy of the relevant Product Disclosure Statement which is available on this website. This material has been prepared based on information believed to be accurate at the time of publication. Assumptions and estimates may have been made which may prove not to be accurate. Ellerston Capital undertakes no responsibility to correct any such inaccuracy. Subsequent changes in circumstances may occur at any time and may impact the accuracy of the information. To the full extent permitted by law, none of Ellerston Capital Limited, or any member of the Ellerston Capital Limited Group of companies makes any warranty as to the accuracy or completeness of the information in this website and disclaims all liability that may arise due to any information contained in this website being inaccurate, unreliable or incomplete.

Performance Graph

Disclaimer

Past performance figures are calculated pre-tax after taking into account fees and expenses and assume that all distributions are reinvested and do not take into account inflation. Past performance is not a reliable indicator of future performance, nor a promise of future returns. Performance can be volatile.

Distribution

Download
Fund Name 30/06/202130/06/202031/12/201930/06/201931/12/2018 Distribution Frequency
India Fund A$0.0764NilA$0.0149A$0.0215A$0.0292 Half-Yearly

Disclaimer

Past performance is not a reliable indicator of future performance, nor a promise of future returns. Performance can be volatile.

Date:
23/07/2021
Fund:
India Fund
Application:
1.2450
NAV:
1.2419
Redemption:
1.2388
Frequency:
Daily

Disclaimer

The returns of the funds are net of taxes, fees and expenses and assuming distributions are reinvested. The benchmark is the MSCI India Net Return Index (AUD). Since inception is 4 May 2017.

The performance figures presented are for the Ellerston India Fund (ARSN 618 549 796) with the exceptions noted above. The one month return figure may be an estimate and not the final return. This estimate also impacts other performance information provided. Estimated performance figures (where indicated) are preliminary and subject to change. Returns for other classes may differ slightly. Past performance is not indicative of future performance. Ellerston Capital Limited ABN 34 110 397 674 AFSL 283 000 is the responsible entity of the Ellerston India Fund (ARSN 618 549 796). The information supplied above has been prepared by Ellerston Capital Limited without taking account of the objectives, financial situation or needs of investors. Before making an investment decision about any Fund persons should obtain advice from an appropriate financial adviser, consider their own individual circumstances and obtain a copy of the relevant Product Disclosure Statement which is available on this website. This material has been prepared based on information believed to be accurate at the time of publication. Assumptions and estimates may have been made which may prove not to be accurate. Ellerston Capital undertakes no responsibility to correct any such inaccuracy. Subsequent changes in circumstances may occur at any time and may impact the accuracy of the information. To the full extent permitted by law, none of Ellerston Capital Limited, or any member of the Ellerston Capital Limited Group of companies makes any warranty as to the accuracy or completeness of the information in this website and disclaims all liability that may arise due to any information contained in this website being inaccurate, unreliable or incomplete.

July Unit Prices

During July, there may be delays in issuing unit prices as we finalise the Fund’s distribution for the financial year ended 30 June 2021. We expect to have the unit prices available for the Fund by mid-July. Please contact the Ellerston Investor Relations team at info@ellerstoncapital.com or 02 9021 7701, if you have any questions.

Newsletters

Document Date Download
June 2021 Newsletter 30/06/2021
May 2021 Newsletter 31/05/2021
April 2021 Newsletter 30/04/2021
March 2021 Newsletter 31/03/2021
February 2021 Newsletter 28/02/2021
January 2021 Newsletter 29/01/2021
December 2020 Newsletter 31/12/2020
November 2020 Newsletter 30/11/2020
October 2020 Newsletter 31/10/2020
September 2020 Newsletter 30/09/2020
August 2020 Newsletter 31/08/2020
July 2020 Newsletter 31/07/2020
June 2020 Newsletter 30/06/2020

Investment Team

Fredy Hoh
Portfolio Manager

Fredy has over 14 years financial market experience and joined Ellerston in 2017.  Prior to joining Ellerston, Fredy worked at Bank of America Merrill Lynch from 2009-2016 as an equities research analyst, initially covering the Australian Infrastructure, Utilities and Transport sectors, then moving onto Equity Strategy and most recently taking coverage of Australian Gaming sector.

Prior to that, Fredy worked at Macquarie Capital Advisers from 2007-2009 as an investment banking analyst in the Real Estate team.

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