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Stewart Investors Indian Subcontinent All Cap Fund Class A Acc EUR
All fundsInvestment objective and policy
The Fund aims to achieve capital growth over the long term (at least five years).
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 around high quality companies are based on three key points: (i) Quality of management. (ii) Quality of the 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.
The Fund may invest up to 10% in other funds. The Fund will only use derivatives to reduce risk or to manage the Fund more efficiently in limited cases.
Sustainable investment labels help investors find products that have a specific sustainability goal. This product does not have a UK sustainable investment label as it does not have a non-financial sustainability objective. Its objective is to achieve capital growth over the long-term by following its investment policy and strategy.
This page is updated monthly. Visit Fund literature page for Factsheets, Quarterly Reports, KIIDS and Prospectuses.
Stewart Investors Indian Subcontinent All Cap Fund
| Fund launch date | 15 November 2006 |
|---|---|
| Share class launch date | 01 May 2008 |
| Fund size (€m) | 825.9 |
| UK Investment Assocation sector | India |
| 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^^ | 1.8% |
| Share type | ACCUMULATION |
| Sedol | B2PF5X1 |
| ISIN | GB00B2PF5X11 |
| Research rating** | Morningstar®:Silver |
| Square Mile:Responsible AA | |
| RSM:Rated |
| Stock name | % |
|---|---|
| Mahindra & Mahindra Ltd. | 8.9 |
| Tube Investments of India Limited | 6.2 |
| Triveni Turbine Ltd | 5.8 |
| Cholamandalam Financial Holdings | 4.9 |
| Blue Dart Express Limited | 4.8 |
| HDFC Bank INR1 | 4.6 |
| Aavas Financiers Ltd. | 4.2 |
| Dr. Reddy's Laboratories Ltd. | 3.4 |
| CG Power & Industrial Solutions Ltd | 3.3 |
| Cyient Limited | 3.0 |
Performance
| Annual performance (% in EUR) | Share type | 12 mths to 31 Dec 2024 | 12 mths to 31 Dec 2023 | 12 mths to 31 Dec 2022 | 12 mths to 31 Dec 2021 | 12 mths to 31 Dec 2020 |
|---|---|---|---|---|---|---|
| Stewart Investors Indian Subcontinent All Cap Fund | Class A (Acc) | 16.2 | 15.6 | -5.8 | 44.1 | 11.5 |
| Benchmark * | - | 18.6 | 16.7 | -1.9 | 35.8 | 6.0 |
Annualised performance as at 31 Dec 2024
- Strategy
- Fund
- Benchmark *
- Share type
- Class A (Acc)
- -
- 12 mths to 31 Dec 2024
- 16.2
- 18.6
- 12 mths to 31 Dec 2023
- 15.6
- 16.7
- 12 mths to 31 Dec 2022
- -5.8
- -1.9
- 12 mths to 31 Dec 2021
- 44.1
- 35.8
- 12 mths to 31 Dec 2020
- 11.5
- 6.0
| Cumulative performance (% in EUR) | Share type | Launch date | 3mths | 6mths | 1yr | 3yrs | 5yrs | 10yrs | Since launch |
|---|---|---|---|---|---|---|---|---|---|
| Stewart Investors Indian Subcontinent All Cap Fund | Class A (Acc) | 01 May 2008 | -3.6 | -3.3 | 16.2 | 26.5 | 103.3 | 174.8 | 611.1 |
| Benchmark * | - | - | -4.4 | -1.5 | 18.6 | 35.8 | 95.5 | 169.9 | 247.3 |
Cumulative performance as at 31 Dec 2024
- Strategy
- Fund
- Benchmark *
- Share type
- Class A (Acc)
- -
- Launch date
- 01 May 2008
- -
- 3mths
- -3.6
- -4.4
- 6mths
- -3.3
- -1.5
- 1yr
- 16.2
- 18.6
- 3yrs
- 26.5
- 35.8
- 5yrs
- 103.3
- 95.5
- 10yrs
- 174.8
- 169.9
- Since launch
- 611.1
- 247.3
* MSCI India Net Index
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 (cents), the return may increase or decrease as a result of currency fluctuations. ** All performance data for Stewart Investors Indian Subcontinent All Cap Fund - Class A (Acc) EUR as at specified date. Source for Fund - Lipper IM/First Sentier Investors/Stewart Investors. Performance data is calculated on a net basis by deducting fees incurred at fund level (e.g. the management and administration fee) and other costs charged to the fund (e.g. transaction and custody costs), save that it does not take account of initial charges or switching fees (if any). Source for benchmark – Factset. Fund and benchmark includes income reinvested net of withholding tax. Since inception performance calculated from 01 May 2008.
Fund level reporting to 30 June 2024
- 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.
