Schroders has launched an Indian equity fund designed to look beyond short-term cyclical challenges and capture the long-term growth in the country.
The Schroder ISF Indian Opportunities fund, which was launched on 10 September 2013, will be managed by its Asian equity investment team and advised by Axis Asset Management Company.
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The new fund will take an unconstrained all-cap approach versus a fundamental larger cap approach and will not be run relative to a benchmark.
Schroders said the new fund will serve as a complementary strategy to the existing Schroder ISF Indian Equity fund, while posing a different management style.
The minimum investment in the fund is $1,000, 1,000 or its sterling equivalent, while its ongoing charge is 2.08%.
The fund will primarily invest in equity and equity related securities of Indian companies that have substantial business exposure to India.
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By GlobalDataSchroders said that the fund will leverage Axis AMC’s on the ground expertise in India to identify the best investment opportunities for capital growth.
Chandresh Nigam, managing director and CEO of Axis AMC, said: "Our investment process focuses on bottom-up stock selection of quality companies that are likely to sustain growth over the medium to long term.
"Furthermore, we believe that the Indian economy is resilient and once the immediate headwinds subside, both global and local investors should revert their focus back to the long term potential of the country," Nigam added.
Schroders chief executive for Asia Pacific Richard Mountford said: "This is an exciting addition to our existing Indian equity proposition for investors seeking capital growth from a wide range of securities in India."
Nigam added the fund will pinpoint companies with medium-to-long-term growth potential.
