Unleashing New India

The Alquity Indian Subcontinent Fund gives investors the opportunity to tap into the world’s most exciting growth story. Boasting the best demographics in the world and the Prime Minister Modi-led economic reform agenda, India has a bright future.

With over 20 years’ experience of investing in India, the team provides a differentiated and highly successful investment approach. Giving focus to long term domestic growth drivers results in an unconstrained portfolio dominated by companies benefiting from the trends of urbanisation and demographics across the Indian Subcontinent.

Unique in character but consistent in approach, each of our funds exemplifies Alquity’s investment principles. Our multi-faceted analysis, combining macro and micro factors and long-term themes, alongside key engagement with our firms, establishes high conviction portfolios with a responsibly competitive edge.

icon Fund Literature

Indian SC - Factsheet - USD A

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Indian SC - Factsheet - USD B

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Indian SC - Factsheet - GBP B

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Indian SC - Factsheet - EUR B

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Indian SC - Factsheet - USD M

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Indian SC - Factsheet - USD R

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Indian SC - Factsheet - GBP R

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Indian SC - PRIIP - USD A (EN)

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Indian SC - PRIIP - USD B (EN)

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Indian SC - PRIIP - USD M (EN)

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Indian SC - PRIIP - USD R (EN)

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Indian SC - PRIIP - GBP R (EN)

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India - ISR Label Certificate

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Indian SC - Factsheet - GBP A

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Indian SC - Factsheet - EUR A

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Indian SC - PRIIP - EUR M (EN)

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Indian SC - Factsheet - EUR M

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Indian SC - PRIIP - USD A (FR)

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Indian SC - PRIIP - USD A (NL)

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Indian SC - PRIIP - USD A (SV)

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Indian SC - PRIIP - EUR M (FR)

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Indian SC - PRIIP - EUR M (NL)

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Indian SC - PRIIP - EUR M (SV)

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Indian SC - PRIIP - USD W (EN)

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Indian SC - PRIIP - USD W (FR)

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About the Fund Managers

manager

Mike Sell

Head of Global Emerging Market Equities

Mike's Role

Mike joined Alquity in 2014 and is responsible for Global Emerging Market Equities.

Biography

Mike holds a First Class BA in Economics from Southampton University and was awarded the Pearce Rowan prize.

Mike has over 20 years’ experience investing in Asian equities. He joined Baring Asset Management as a graduate trainee in 1994, where he became a member of the Emerging Market Asset Allocation Committee. Mike was then appointed Senior Partner at Thames River/Nevsky Capital, where he grew their Emerging Market assets to US$7bn over 7 years, before moving to F&C with the long only Emerging Market business in 2011.

manager

Kieron Kader

Associate Portfolio Manager

Kieron's Role

Kieron joined Alquity in 2019 and co-manages the Alquity Indian SC Fund.

Biography

Kieron joined Alquity in 2019 from BP where he performed a variety of roles at
one of the largest pension funds in the UK. Most recently, he spent two years as a Global Emerging Markets equity analyst, and also covered Developed Market equities, UK property and multi-asset risk in the prior two years.

Kieron has passed the three Chartered Financial Analyst exams with first time passes. He has a BSc Economics (1st Class) from the University of Southampton, and an MSc Economics (Distinction) from University College London (UCL).

manager

Dan Billis

Associate Portfolio Manager

Dan's Role

Dan joined Alquity in 2018 as an analyst, and currently he co-manages the Alquity Indian SC Fund.

Biography

Dan has a 1st Class degree in Economics from the University of Exeter. Dan joined Alquity in 2018 from Invesco, where he worked as an Account Onboarding Manager.

Fund Prices

NAV DateShareclass NameISINShareclass CCYPrice
27/03/2024ALU1049767863EUR190.32
27/03/2024ALU1049767863GBP163.06
27/03/2024ALU1049767863USD205.94
27/03/2024BLU1049767947EUR182.09
27/03/2024BLU1049767947GBP156.01
27/03/2024BLU1049767947USD197.03
27/03/2024MLU1049768242GBP170.84
27/03/2024MLU1049768242USD215.76
27/03/2024RLU1049768085GBP272.03
27/03/2024RLU1049768085USD343.56

Those NAV prices displayed with duplicated ISINs, in currencies other than the base currency of USD, are reflected only on an unofficial and indicative basis. The aforementioned NAVs are for guidance only and we can give no assurances of its accuracy. The official NAV for those ISINs is in USD.

PORTFOLIO OVERVIEW

Top 10 Holdings

  1. Infosys 8.0%
  2. ICICI Bank 7.6%
  3. HDFC 6.4%
  4. Hindustan Unilever 6.3%
  5. Maruti Suzuki 4.9%
  6. TCS 4.6%
  7. APL Apollo Tubes 4.0%
  8. Dabur 4.0%
  9. Lemontree Hotels 3.6%
  10. Ultratech Cement 3.6%

Geographic Allocation

India
99.7%
Cash
0.3%

Industry Allocation

Materials
14.6%
Diversified Finanacials
11.0%
Capital Goods
10.1%
Automobiles
9.0%
Tech Hardware
9.0%
Household Products
8.6%
Banks
7.9%
Software & Services
6.8%
Transportation
4.8%
Consumer Durables
3.3%
Industrials
2.6%
Retailing
2.5%
Consumer Services
2.2%
Food & Beverage
1.9%
Insurance
1.7%
Real Estate
1.4%
Healthcare
1.2%
Cash
1.0%

Transforming Lives, Creating Opportunity

We strive for meaningful social progress and believe in enabling growth from the bottom up. To drive this growth, we donate a minimum 10% of our revenues to charitable projects in the regions where we invest. These donations help to build fairer, more sustainable economies and enables the companies we invest in to prosper. This also broadens our level of insight through meaningful engagement and connects our clients to both social progress and handsome returns.

Visit the alquity transforming lives foundation website

Discover Our Other Funds