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IMPORTANT NEWS: Transition of investment management responsibilities
First Sentier Group, the global asset management organisation, has announced a strategic transition of Stewart Investors' investment management responsibilities to its affiliate investment team, FSSA Investment Managers, effective Friday, 14 November close of business EST.
Stewart Investors Indian Subcontinent All Cap Fund Class III (Acc) USD
Full list of fundsInvestment objective and policy
The investment objective of the Fund is 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 (at least 70% of its Net Asset Value) in a diversified portfolio of equity securities or equity-related securities of companies whose activities predominantly take place in the Indian subcontinent (countries of the Indian subcontinent include India, Pakistan, Sri Lanka and Bangladesh) and are listed, traded or dealt in on Regulated Markets worldwide. The Fund invests primarily (at least 90% of its Net Asset Value) in companies that are positioned to contribute to, and benefit from, sustainable development.
Transition of investment management responsibilities
The data on this page is from 31 October 2025. As of Friday, 14 November, Stewart Investors' investment management responsibilities have been transitioned to its affiliate investment team, FSSA Investment Managers. From this date the fund managers will be Sree Agarwal and Rizi Mohanty.
This page is updated monthly. Visit Fund literature page for Factsheets, Prospectus, PHS, Semi-Annual and Annual Reports.
| FUND | SHARE CLASS | ISIN | SEDOL | DEALING DATE | CURRENCY | NAV |
|---|---|---|---|---|---|---|
| Stewart Investors Indian Subcontinent All Cap Fund 2,3 | Class III (Acc) | IE00034QOVR6 | BQMHL18 | 20 Nov 2025 | USD | 11.8212 |
Fund information
Due to the recent launch of this shareclass, fund information is currently unavailable. If you are a financial advisor or an existing client in this fund please call our client service team for more details.
Top 10 holdings
Due to the recent launch of this shareclass, top 10 holdings are currently unavailable. If you are a financial advisor or an existing client in this fund please call our client service team for more details.
2 The Fund is classified as an ESG fund in Singapore. For more information please refer to the additional ESG funds information.
3 As of end of 2024, please note that Stewart Investors strategies and the Funds within the First Sentier Investors Global Umbrella Fund plc (Irish VCC) and First Sentier Investors Global Growth Funds (Singapore Unit Trust) have been renamed. Please refer to this note for further information.
Reference to specific securities (if any) is included for the purpose of illustration only and should not be construed as a recommendation to buy or sell the same. All securities mentioned herein may or may not form part of the holdings of Stewart Investors’ portfolios at a certain point in time, and the holdings may change overtime.
Sector breakdown (%) as at 31 Oct 2025
Country breakdown (%) as at 31 Oct 2025
Allocation percentage is rounded to the nearest one decimal place and the total allocation percentage may not add up to 100%.
Risk Factors
The value of investments and any income from them may go down as well as up and is not guaranteed. Investors may get back significantly less than the original amount invested.
The Fund may also experience the following risks:
Emerging market risk: Emerging markets tend to be more sensitive to economic and political conditions than developed markets. Other factors include greater liquidity risk, restrictions on investment or transfer of assets, failed/delayed settlement and difficulties valuing securities.
Currency risk: The Fund invests in assets which are denominated in other currencies; changes in exchange rates will affect the value of the Fund and could create losses. Currency control decisions made by governments could affect the value of the Fund's investments and could cause the Fund to defer or suspend redemptions of its shares.
Indian subcontinent risk: although India has seen rapid economic and structural development, investing there may still involve increased risks of political and governmental intervention, potentially limitations on the allocation of the Fund's capital, and legal, regulatory, economic and other risks including greater liquidity risk, restrictions on investment or transfer of assets, failed/delayed settlement and difficulties valuing securities.
For further information on risks, please refer to the Risk Factors section in the Company prospectus.
Investment should be made on the basis of the Prospectus and Key Investor Information Document. If you are in any doubt as to the suitability of any of our funds for your investment needs, please seek independent financial advice.
Fund name changes
As of end of 2024, please note that Stewart Investors strategies and the Funds within the UK First Sentier Investors ICVC, First Sentier Investors Global Umbrella Fund pls (Irish VCC), First Sentier Investors Global Growth Funds (Singapore Unit Trust) and Australian Unit Trusts with The Trust Company (RE Services) Limited as the Responsible Entity have been renamed. Please refer to our note via the link below for further information.
Important information
Fund performance data is sourced from First Sentier Investors. Single pricing basis with net income reinvested. The above performance data is provided for information only and does not contain or constitute investment advice. A copy of the Prospectus is available and may be obtained from the Manager, First Sentier Investors (Singapore), or any of our distributors. Investors should read the Prospectus and consult a financial adviser before deciding to make any investment. In the event of discrepancies between the marketing materials and the Prospectus, the Prospectus shall prevail. The value of the Fund and the income from them, if any, may fall or rise. Past performance of the Fund or the Manager and any economic and market trends or forecast, is not indicative of the future or likely performance of the Fund or the Manager. Neither the Manager, nor any of its associates, nor any director, or employee accepts any liability for any loss arising directly or indirectly from any use of this information. Units are not available to U.S. persons.
An affiliate of First Sentier Group
Investment involves risks. Past performance is not indicative of future performance. Refer to the offering documents of the respective funds for details, including risk factors. Investors may not get back the full amount invested.
This website is issued by First Sentier Investors (Singapore) whose company registration number is 196900420D and has not been reviewed by the Monetary Authority of Singapore. First Sentier Group (registration number 53507290B), First Sentier Investors (registration number 53236800B), and Stewart Investors (registration number 53310114W) are business names of First Sentier Investors (Singapore).
Where we use the word affiliate, we are describing investment teams that form part of the First Sentier Group – the legal structure of our affiliate investment teams varies – some affiliates are separate legal entities, some are not.
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