A diversified portfolio of typically 40 to 60 Indian companies.
Uses a bottom-up stock selection process that favours high-quality companies with scalable business models and strong management available at reasonable prices.
An investment approach that is risk-aware and places first-hand, detailed research at the core of its decision making.
Instantly access the long term, structural growth story of one of the world's fastest-growing economies
Informed by our on-the-ground analyst team with extensive experience and insight into India
A ready-made, risk-aware selection of our best ideas in India
Amit Goel, Portfolio Manager of the Fidelity India Fund talks about his philosophy, where he is finding opportunities in India and how his 15+ years' experience in the Indian equity market have shaped his investment philosophy.
See for yourself how the fund has performed since inception. The chart below represents the value now of $10,000 invested in the Fidelity India Fund in May 2024 compared with $10,000 invested in the MSCI India Index NR.
Chart as at: 30 November 2024
Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. Benchmark: MSCI India Index NR. NR: NR at the end of the benchmark name indicates the return is calculated including reinvesting net dividends. The dividend is reinvested after deduction of withholding tax, applying the withholding tax rate to non-resident individuals who do not benefit from double taxation treaties.
Net returns as at 30 November 2024
| Timeframe | 1 mth % |
3 mth % |
6 mth % |
Since inception (28/05/24) % pa |
|---|---|---|---|---|
| Fund | 1.60 | 2.18 | 10.59 | 9.78 |
| Benchmark | 0.13 | -2.84 | 7.02 | 5.03 |
| Active return | 1.47 | 5.02 | 3.57 | 4.75 |
Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. Benchmark: MSCI India Index NR. NR: NR at the end of the benchmark name indicates the return is calculated including reinvesting net dividends. The dividend is reinvested after deduction of withholding tax, applying the withholding tax rate to non-resident individuals who do not benefit from double taxation treaties.
Net as at 30 November 2024
| 1 mth % |
3 mth % |
6 mth % |
Since inception (28/05/24) % pa |
|
|---|---|---|---|---|
| Total return | 1.60 | 2.18 | 10.59 | 9.78 |
| Growth | 1.60 | 2.18 | -0.38 | -1.11 |
| Income | - | - | 10.97 | 10.89 |
Growth return is the unit price movement on exit to exit basis. Income is expressed as Total Return less growth component.
Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. Benchmark: MSCI India Index NR. NR: NR at the end of the benchmark name indicates the return is calculated including reinvesting net dividends. The dividend is reinvested after deduction of withholding tax, applying the withholding tax rate to non-resident individuals who do not benefit from double taxation treaties.
| Distribution | Distribution (CPU) | Reinvestment price |
|---|---|---|
| 30-Jun-24 | 104.4942 | $9.5509 |
CPU = cents per unit. The above cash CPU excludes imputation credits and foreign income tax offsets which are non-cash components and are reported in the end of year tax statement. If the Distribution CPU column is 0.0000 it means that nothing was distributed.
As at 31 October 2024
As at 31 October 2024
| % total net assets | |
|---|---|
| HDFC BANK LTD | 10.0% |
| ICICI BANK LTD | 8.6% |
| INFOSYS LTD | 6.6% |
| AXIS BANK LTD | 4.0% |
| BHARTI AIRTEL LTD | 3.8% |
| FORTIS HEALTHCARE INDIA LTD | 3.3% |
| MARUTI SUZUKI INDIA LTD | 2.8% |
| EICHER MOTORS LTD | 2.2% |
| HCL TECHNOLOGIES LTD | 2.2% |
| ULTRATECH CEMENT LTD | 2.1% |
As at 31 October 2024
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| HDFC BANK LTD | 10.0 | 5.9 | 4.1 |
| FORTIS HEALTHCARE INDIA LTD | 3.3 | 0.0 | 3.3 |
| ICICI BANK LTD | 8.6 | 5.4 | 3.3 |
| COGNIZANT TECH SOLUTIONS CORP | 2.0 | 0.0 | 2.0 |
| INFOSYS LTD | 6.6 | 4.7 | 2.0 |
As at 31 October 2024
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| RELIANCE INDUSTRIES LTD | 1.5 | 6.5 | -5.0 |
| TATA CONSULTANCY SERVICES LTD | 0.0 | 2.9 | -2.9 |
| MAHINDRA & MAHINDRA LTD | 0.0 | 2.0 | -2.0 |
| LARSEN & TOUBRO LTD | 0.0 | 1.9 | -1.9 |
| HINDUSTAN UNILEVER LTD | 0.0 | 1.7 | -1.7 |
This Fund is unhedged and is subject to the risk of fluctuations in international stock markets and currencies. Investors accessing the Fund through a master trust or wrap account will also bear any fees charged by the operator of such master trust or wrap account. Any apparent discrepancies in the numbers are due to rounding.
1 An intraday optimised portfolio value (IOPV) for each fund will be published throughout the ASX trading day. The IOPVs are calculated by ICE Data Indices, LLC based on the latest price of each security, amongst other factors. In equity constituent market value calculations, the last reported trade price from the composite feed (US) or primary listing exchange (non-US) is used for the latest price of each security, when those exchanges are open. When those exchanges are closed, the IOPV calculation can incorporate the Real-Time Fair Value Information Service from ICE Data Pricing & Reference Data, LLC which is a multi-factor model that calculates a real-time estimate of the price that would likely prevail in a liquid market for an equity security following the close of the local market. For more information on Fair Value Information Service methodology, please refer to: https://www.theice.com/market-data/pricing-and-evaluations/fair-value.
For IOPVs with fixed income securities, ICE Data Pricing & Reference Data, LLC’s Continuous Evaluated Pricing (CEP) service can be used to price such fixed income securities. As market data becomes available and passes internal system tolerances and parameters, CEP will update throughout the day. While updates to CEP occur more frequently during local market trading hours, CEP will update outside of normal trading hours based on market information that is available at that time. For constituents where CEP is not available, either the prior day’s evaluation or a client-provided price may be used in the IOPV calculation instead. For more information about Continuous Evaluated Pricing, please refer to: https://www.theice.com/market-data/pricing-and-evaluations/cep.
The iNAV calculations as shown (the “Data”) and provided by ICE Data Indices, LLC are updated during ASX trading hours. Powered by Factset. iNAV calculations are indicative and for reference purposes only.
The Fund is not sponsored, endorsed, sold or marketed by ICE Data Indices, LLC, its affiliates (“ICE Data”) or their respective Third Party Suppliers.
ICE DATA OR ITS THIRD PARTY SUPPLIERS MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE IOPVS, ETF STATISTICS, FUND OR ANY FUND DATA INCLUDED THEREIN. IN NO EVENT SHALL ICE DATA HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, DIRECT, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.
2Management costs and buy/sell spread are current as at the date of publication of this website. These fees may be subject to change in the future.
3Total returns (net) have been calculated using exit prices and take into account the applicable buy/sell spread and are net of Fidelity’s management costs, transactional and operational costs and assumes reinvestment of distributions. No allowance has been made for tax. Returns of more than one year are annualised. The return of capital is not guaranteed.
