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  • The Fund invests primarily in a diversified portfolio of equity securities or equity-related securities of companies whose activities predominantly take place in the Indian subcontinent and are listed, traded or dealt in on regulated markets worldwide
  • Investing with the sustainability investment strategy in the Fund is subject to the associated risks such as subjective judgement in investment section, reliance on third party sources, lack of global standardization regarding which activities qualify as sustainable and concentration in investments with sustainability focus
  • The Fund invests in emerging markets which may have increased risks than developed markets including liquidity risk, currency risk/control, political and economic uncertainties, high degree of volatility, settlement risk and custody risk
  • The Fund invests in shares in India and the other countries in the Indian Subcontinent which may have greater risk than developed markets including potential changes in tax law and practices and the political, social and economic environment
  • Investing in small/mid-capitalisation companies securities may have lower liquidity and their prices are more volatile to adverse economic developments
  • The Fund’s investments may be concentrated in a single sector or single country/specific region which may have higher volatility or greater loss of capital than more diversified portfolios
  • The Fund may use FDIs for hedging and efficient portfolio management purposes, which may subject the Fund to additional liquidity, valuation, counterparty and over the counter transaction risks
  • It is possible that a part or entire value of your investment could be lost. You should not base your investment decision solely on this document. Please read the offering document including risk factors for details

Stewart Investors Indian Subcontinent Sustainability Fund Class E Acc USD

Investment objective and strategy

The Fund aims to achieve long term capital appreciation and sustainably invest in companies which both contribute to, and benefit from, sustainable development, achieving positive social and environmental sustainable outcomes. The Fund invests primarily in a diversified portfolio of equity securities or equity-related securities of companies whose activities predominantly take place in the Indian subcontinent and are listed, traded or dealt in on regulated markets worldwide.

FUND SHARE CLASS CURRENCY ISIN SEDOL VALUATION DATE NAV / BID PRICE
Stewart Investors Indian Subcontinent Sustainability Fund Class III (Acc) USD IE00034QOVR6 21 Feb 2024 11.6133
Stewart Investors Indian Subcontinent Sustainability Fund Class E (Acc) USD IE000X8C8YF3 21 Feb 2024 11.6349

This page is updated quarterly. Visit Fund literature page for monthly Factsheets, Quarterly Reports, KFS and Prospectus.

Fund information (as at 31/12/2023)
Fund launch date 17 January 2023
Share class launch date 17 January 2023
Fund Size (US$m) 7.3
Benchmark MSCI India Net Index
Number of holdings 37
Fund manager(s) Sashi Reddy & David Gait
Minimum Investment US$100000
Initial charge 0%<
Ongoing charges^^ 0.88%
Share type Accumulation
ISIN IE000X8C8YF3
Research Rating‡ Morningstar®:Bronze
Top ten holdings (as at 31/12/2023)
Stock name %
Mahindra & Mahindra 7.7
HDFC 6.6
Tube Investments of India 6.4
CG Power & Industrial Solutions 5.5
Kotak Mahindra Bank 4.5
Godrej Consumer Products 3.7
Tata Consumer Products 3.5
Aavas Financiers 3.5
Dr. Reddy's Laboratories 3.4
Dr Lal Pathlabs 3.2

Performance

Cumulative performance (%) performance as at 31 Jan 2024

Fund Share class Inception date Currency 3mths YTD 1yr 3yrs 5yrs Since inception
Stewart Investors Indian Subcontinent Sustainability Fund Class E (Acc) 17 Jan 2023 USD 9.5 -0.6 18.6 - - 15.5
Benchmark * - - - 18.1 2.4 27.5 - - 22.6

Cumulative performance (%) performance as at 31 Jan 2024

Strategy
Fund
Benchmark *
Strategy
Benchmark *
Share class
Class E (Acc)
-
Share class
-
Inception date
17 Jan 2023
-
Inception date
-
Currency
USD
-
Currency
-
3mths
9.5
18.1
3mths
18.1
YTD
-0.6
2.4
YTD
2.4
1yr
18.6
27.5
1yr
27.5
3yrs
-
-
3yrs
-
5yrs
-
-
5yrs
-
Since inception
15.5
22.6
Since inception
22.6

* MSCI India Net Index

These figures refer to the past. Past performance including simulated past performance is not a reliable indicator of future results. For investors based in countries with currencies other than EUR, the return may increase or decrease as a result of currency fluctuations. The past performance shown here includes fees, any reinvested income and tax.

Source: Lipper, Nav-Nav (with dividend reinvested where applicable)

The Fund is a sub fund of Ireland domiciled First Sentier Investors Global Umbrella Fund plc.

Acc represents share class with dividends accumulated. M Dist represents share class with monthly distribution of dividends.  H Dist represents share class with half-yearly distribution of dividends.  Q Dist represents share class with quarterly distribution of dividends.  Dividends are not guaranteed and may be paid out of capital. All prices are for indication only. For detail, please refer to the Fund’s factsheet for further details including investment objective & strategy, asset allocation, top 10 holdings, comparison with benchmark (if any) and disclosure.

 

Sector breakdown

Country breakdown

Allocation percentage is rounded to the nearest one decimal place and the total allocation percentage may not add up to 100%.

Important information

 

These figures refer to the past. Past performance is not a reliable indicator of future results. For investors based in countries with currencies other than USD, the return may increase or decrease as a result of currency fluctuations.

All performance data for the Stewart Investors Indian Subcontinent Sustainability Fund Class E (Accumulation) USD as at 30 September 2023. Source for fund - Lipper IM / Stewart Investors. Performance data is calculated on a net basis by deducting fees incurred at fund level (e.g. the management fee and other fund expenses), save that it does not take account of initial charges or switching fees (if any). Income reinvested is included on a net of tax basis. Source for benchmark - MSCI, income reinvested net of tax.

^ An initial charge of up to 5% may be levied in certain circumstances, including on regular savings plans and may be remitted as commission to an intermediary.

^^ The ongoing charge figure (OCF) is calculated on the same basis as for the Key Investor Information Document and represents the charges you will pay over a year for as long as you hold your investment and may vary from year to year. 

** This does not constitute an investment recommendation and is not indicative of future results. Methodology available on rating provider's website.

With effect from 22 September 2020, First State Investments was rebranded to First Sentier Investors. The names of the funds were also rebranded, please view the full list of the fund name changes: First Sentier Investors Global Umbrella Fund (VCC).