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 40 to 50 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 31 August 2021
| Timeframe | Fund | Benchmark | Active return |
|---|---|---|---|
| 1 yr % | 57.89 | 54.97 | 2.92 |
| 3 yr % pa | 14.45 | 12.97 | 1.48 |
| 5 yr % pa | 14.75 | 13.52 | 1.23 |
| 7 yr % pa | 15.78 | 12.85 | 2.93 |
| 10 yr % pa | 15.31 | 12.61 | 2.70 |
| 15 yr % pa | 10.17 | 8.61 | 1.56 |
| Since inception (29/09/05) % pa | 11.32 | 9.83 | 1.49 |
| Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
15 yr % pa |
Since inception (29/09/05) % pa |
|---|---|---|---|---|---|---|---|
| Fund | 57.89 | 14.45 | 14.75 | 15.78 | 15.31 | 10.17 | 11.32 |
| Benchmark | 54.97 | 12.97 | 13.52 | 12.85 | 12.61 | 8.61 | 9.83 |
| Active return | 2.92 | 1.48 | 1.23 | 2.93 | 2.70 | 1.56 | 1.49 |
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: 31 August 2021
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 31 August 2021
| Total return | Growth | Income | |
|---|---|---|---|
| 1 yr % | 57.89 | 54.39 | 3.5 |
| 3 yr % pa | 14.45 | 13.48 | 0.97 |
| 5 yr % pa | 14.75 | 14.16 | 0.59 |
| 7 yr % pa | 15.78 | 15.32 | 0.46 |
| 10 yr % pa | 15.31 | 14.99 | 0.32 |
| 15 yr % pa | 10.17 | 9.89 | 0.28 |
| Since inception (29/09/05) % pa | 11.32 | 11.04 | 0.28 |
| 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
15 yr % pa |
Since inception (29/09/05) % pa |
|
|---|---|---|---|---|---|---|---|
| Total return | 57.89 | 14.45 | 14.75 | 15.78 | 15.31 | 10.17 | 11.32 |
| Growth | 54.39 | 13.48 | 14.16 | 15.32 | 14.99 | 9.89 | 11.04 |
| Income | 3.5 | 0.97 | 0.59 | 0.46 | 0.32 | 0.28 | 0.28 |
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 31 August 2021
As at 31 August 2021
| % total net assets | |
|---|---|
| INFOSYS LTD | 10.9% |
| AXIS BK LTD | 6.3% |
| HDFC BANK LTD | 6.2% |
| RELIANCE INDUSTRIES LTD | 5.0% |
| HINDUSTAN UNILEVER LTD | 4.1% |
| BAJAJ FINANCE LTD | 3.8% |
| ICICI BANK LTD | 3.8% |
| HCL TECHNOLOGIES LTD | 3.5% |
| HOUSING DEV FINANCE CORP LTD | 2.9% |
| ULTRATECH CEMENT LTD | 2.8% |
As at 31 August 2021
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| HDFC BANK LTD | 6.2 | 0.0 | 6.2 |
| AXIS BK LTD | 6.3 | 2.6 | 3.8 |
| GUJARAT GAS LTD | 2.7 | 0.0 | 2.7 |
| INFOSYS LTD | 10.9 | 8.4 | 2.6 |
| APOLLO HOSP ENTERPRISES LTD | 2.7 | 0.7 | 2.0 |
As at 31 August 2021
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| RELIANCE INDUSTRIES LTD | 5.0 | 9.3 | -4.3 |
| HOUSING DEV FINANCE CORP LTD | 2.9 | 6.9 | -4.0 |
| TATA CONSULTANCY SERVICES LTD | 2.1 | 5.0 | -2.9 |
| ASIAN PAINTS LTD | 0.0 | 1.8 | -1.8 |
| ICICI BANK LTD | 3.8 | 5.3 | -1.5 |
| Distribution | Distribution (CPU) | Reinvestment price |
|---|---|---|
| 103.4494 | $45.6156 |
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.
Fund downloads
- Additional Information
- Quarterly top 10 holdings(736.80KB)
- Infographic: India(602.77KB)
- The case for investing in India(952.03KB)
- Product Disclosure Statement(108.06KB)
- Fund flyer(663.36KB)
- Application form(653.34KB)
- Fund fact sheet(79.02KB)
Fund ratings3
| Organisation | Rating |
|---|---|
| Lonsec |
Investment Grade4
The Lonsec report is only available to financial advisers,
please contact us for a copy
|
Morningstar 2020 Australia Fund Manager of the Year5
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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.
2Total 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.
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 fifteen-year track record.
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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.
2Total 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.