Investment objective and policy

The Fund aims to grow your investment over the long-term.

The Fund invests in shares of companies based in or where the majority of their activities take place in India, Pakistan, Sri Lanka or Bangladesh and that are listed on exchanges worldwide. The Fund invests in shares of high-quality companies which are positioned to contribute to, and benefit from, sustainable development.

Investment decisions use a thematic sustainability approach and an assessment aiming to identify high quality companies based on three key points: (i) Quality of management. (ii) Quality of the franchise company including its social usefulness, their environmental impacts and efficiency and responsible business practices. (iii) Quality of the company's finances and their financial performance. Sustainability is a key part of the approach.

Pursuant to the EU Sustainable Finance Disclosure Regulation (EU 2019/2088), this Fund also has sustainable investment as its objective under Article 9.

This page is updated monthly. Visit Fund literature page for Factsheets, Quarterly Reports, KIIDS and Prospectuses.

Stewart Investors Indian Subcontinent All Cap Fund

Overview of Stewart Investors Indian Subcontinent All Cap Fund performance

Fund name Fund type Currency Price Daily change Price date Factsheet
Stewart Investors Indian Subcontinent All Cap Class VI (Acc) Irish UCITs CHF 11.82 -0.01 09 Dec 2024

Fund information (as at 31/10/2024)

Fund launch date 17 January 2023
Share class launch date 12 October 2023
Fund size (₣m) 9.5
Benchmark MSCI India Net Index
Number of holdings 34
Fund managers Sashi Reddy/David Gait
Minimum investment ₣1000/₣500 subsequent
Initial charge 0%
Ongoing charges^^ 1.05%
Share type ACCUMULATION
Sedol 0RXTYBJ
ISIN IE000RXTYBJ3
Research rating** Morningstar®:Gold

Top 10 holdings (as at 31/10/2024)

Stock name %
Mahindra & Mahindra Ltd. 8.6
Tube Investments of India Limited 7.6
Blue Dart Express Limited 5.1
Triveni Turbine Ltd 5.0
Cholamandalam Financial Holdings 4.9
HDFC Bank INR1 4.3
Aavas Financiers Ltd. 4.0
CG Power & Industrial Solutions Ltd 3.6
Dr. Reddy's Laboratories Ltd. 3.5
Cyient Limited 2.9

Performance

Annualised performance as at 31 Oct 2024

Annual performance (% in CHF) Share type 12 mths to 31 Oct 2024 12 mths to 31 Oct 2023 12 mths to 31 Oct 2022 12 mths to 31 Oct 2021 12 mths to 31 Oct 2020
Stewart Investors Indian Subcontinent All Cap Fund Class I (Acc) 19.7 - - - -
Benchmark * - 26.1 - - - -

Annualised performance as at 31 Oct 2024

Strategy
Fund
Benchmark *
Share type
Class I (Acc)
-
12 mths to 31 Oct 2024
19.7
26.1
12 mths to 31 Oct 2023
-
-
12 mths to 31 Oct 2022
-
-
12 mths to 31 Oct 2021
-
-
12 mths to 31 Oct 2020
-
-

Cumulative performance as at 31 Oct 2024

Cumulative performance (% in CHF) Share type Launch date 3mths 6mths 1yr 3yrs 5yrs 10yrs Since launch
Stewart Investors Indian Subcontinent All Cap Fund Class I (Acc) 12 Oct 2023 -5.1 4.9 19.7 - - - 15.6
Benchmark * - - -7.0 -0.1 26.1 - - - 22.3

Cumulative performance as at 31 Oct 2024

Strategy
Fund
Benchmark *
Share type
Class I (Acc)
-
Launch date
12 Oct 2023
-
3mths
-5.1
-7.0
6mths
4.9
-0.1
1yr
19.7
26.1
3yrs
-
-
5yrs
-
-
10yrs
-
-
Since launch
15.6
22.3

* 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 that of the above, the return may increase or decrease as a result of currency fluctuations. The past performance shown here includes fees, any reinvested income and tax.

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Sector breakdown as at 31 Oct 2024

Country breakdown as at 31 Oct 2024

Fund level reporting to 30 June 2024

The SFDR Level 2 reporting template for each of our Article 9 funds is available in a standalone document and also within the latest First Sentier Investors Global Umbrella Fund plc Annual Report. The social and environmental outcomes for the Funds are below:

  • As at 30 June 2024, the Fund held 35 companies.
  • All companies (100%) were contributing to at least one human development pillar and, in total, were making 98 contributions to the pillars.
  • 22 companies (63%) were contributing to climate change solutions. These companies were contributing to 37 different solutions and, in total, were making 78 contributions to the solutions.

The social and environmental outcomes for the Fund are provided in the charts.

Full information on our ESG/Sustainability Fund reporting is available here.

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 and First Sentier Investors Global Umbrella Fund plc (Irish VCC) have been renamed. Please refer to our note via the link below for further information.

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 EUR, the return may increase or decrease as a result of currency fluctuations.

All performance data for the Stewart Investors Indian Subcontinent All Cap Fund Class VI (Accumulation) CHF as at specified date. 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. The OCF is made up of the annual management charge and additional expenses, but excludes portfolio transaction costs. For further information about charges and costs please visit https://www.firstsentierinvestors.com/uk/en/private/charges-overview.html.

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