Investment objective
To achieve returns in excess of the MSCI India Index NR over the suggested minimum investment time period of five to seven years.
Invests in a diversified portfolio of typically 50 to 70 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.
Key facts
Fund performance2
Net returns as at 30 September 2018
| Timeframe | Fund | Benchmark | Active return |
|---|---|---|---|
| 1 yr % | 9.87 | 9.63 | 0.24 |
| 3 yr % pa | 7.72 | 5.94 | 1.78 |
| 5 yr % pa | 19.60 | 15.44 | 4.16 |
| 7 yr % pa | 13.50 | 10.46 | 3.04 |
| 10 yr % pa | 10.13 | 7.45 | 2.68 |
| Since inception (29/09/05) % pa | 9.69 | 8.26 | 1.43 |
| Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
Since inception (29/09/05) % pa |
|---|---|---|---|---|---|---|
| Fund | 9.87 | 7.72 | 19.60 | 13.50 | 10.13 | 9.69 |
| Benchmark | 9.63 | 5.94 | 15.44 | 10.46 | 7.45 | 8.26 |
| Active return | 0.24 | 1.78 | 4.16 | 3.04 | 2.68 | 1.43 |
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.
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 September 2005 compared with $10,000 invested in the MSCI India Index NR.
Chart as at: 30 September 2018
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 September 2018
| Total return | Growth | Income | |
|---|---|---|---|
| 1 yr % | 9.87 | 9.87 | - |
| 3 yr % pa | 7.72 | 7.66 | 0.06 |
| 5 yr % pa | 19.6 | 19.55 | 0.05 |
| 7 yr % pa | 13.5 | 13.47 | 0.03 |
| 10 yr % pa | 10.13 | 10.03 | 0.1 |
| Since inception (29/09/05) % pa | 9.69 | 9.56 | 0.13 |
| 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
Since inception (29/09/05) % pa |
|
|---|---|---|---|---|---|---|
| Total return | 9.87 | 7.72 | 19.6 | 13.5 | 10.13 | 9.69 |
| Growth | 9.87 | 7.66 | 19.55 | 13.47 | 10.03 | 9.56 |
| Income | - | 0.06 | 0.05 | 0.03 | 0.1 | 0.13 |
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.
Sectors, holdings and distributions
As at 30 September 2018
As at 30 September 2018
| % total net assets | |
|---|---|
| RELIANCE INDUSTRIES LTD | 10.1% |
| HOUSING DEV FINANCE CORP LTD | 7.6% |
| HDFC BANK LTD | 6.1% |
| TATA CONSULTANCY SERVICES LTD | 6.1% |
| INFOSYS LTD | 4.7% |
| ITC LTD | 4.0% |
| ICICI BANK LTD | 3.6% |
| MAHINDRA & MAHINDRA LTD | 3.1% |
| MARUTI SUZUKI INDIA LTD | 2.9% |
| LARSEN & TOUBRO LTD | 2.4% |
As at 30 September 2018
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| HDFC BANK LTD | 6.1 | 0.0 | 6.1 |
| HINDUSTAN OIL EXPLORATN CO LTD | 1.5 | 0.0 | 1.5 |
| KOTAK MAHINDRA BANK LTD | 1.5 | 0.0 | 1.5 |
| BATA INDIA LTD | 1.5 | 0.0 | 1.5 |
| ICICI BANK LTD | 3.6 | 2.3 | 1.4 |
As at 30 September 2018
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| INFOSYS LTD | 4.7 | 8.0 | - 3.2 |
| HCL TECHNOLOGIES LTD | 0.0 | 1.9 | - 1.9 |
| HINDUSTAN UNILEVER LTD | 1.5 | 3.3 | - 1.7 |
| SUN PHARMACEUTICAL IND LTD | 0.0 | 1.6 | - 1.6 |
| AXIS BK LTD | 2.3 | 3.4 | - 1.2 |
| Distribution | Distribution (CPU) | Reinvestment price |
|---|---|---|
| 30-Jun-18 | 0.000000 | $33.4918 |
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.
Related insights
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.
1Management 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.
2The returns shown have been calculated using the net asset value of the Fund from one period to the next. The returns include any re-invested distributions and are after fees and expenses. No allowance has been made for taxation or for any fees charged by operators of master trusts or wrap accounts through which the products are offered. For periods greater than one year returns have been annualised.
Why this fund
Invests in a diverse range of companies in one of the world’s fastest growing economies.
Our investment approach is risk-aware and places first-hand, detailed research at the core of its decision making.
A proven twelve year track record.
Investing in India
India is very attractively placed in today's low growth environment. Medha Samant, Investment Director, discusses the changing demographic and structural drivers of growth in the country, and how from a portfolio perspective India can drive income for investors.
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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.
1Management 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.
2The returns shown have been calculated using the net asset value of the Fund from one period to the next. The returns include any re-invested distributions and are after fees and expenses. No allowance has been made for taxation or for any fees charged by operators of master trusts or wrap accounts through which the products are offered. For periods greater than one year returns have been annualised.