Fidelity India Fund

Fidelity India Fund
Fund fact sheet Invest now

About this fund

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.

 

Why this fund

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

Meet Amit Goel

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.

Key facts

Unit prices (at 09/10/24)
Buy 49.9393 / Sell 49.6405
Unit price history
Buy/sell spread
0.30%/0.30%

At a glance

Objective
To achieve returns in excess of the MSCI India Index NR over the medium to long term.
Benchmark
MSCI India Index NR
Management costs1
1.20% p.a.
Fund size (at 09/10/24)
A$289.56M
Inception date
29 September 2005
Distribution frequency
Annually
Currency
Australian dollar

Unique identifiers

APIR code
FID0015AU
ARSN code
093164679
mFund code
FIL15

Fund manager

Amit Goel
Singapore

Performance2

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 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 September 2024

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 19.51 8.44 13.06 12.71 12.74 11.27 10.78
Benchmark 30.55 13.16 15.81 14.41 12.55 9.81 10.41
Active return -11.04 -4.72 -2.75 -1.70 0.19 1.46 0.37

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 2024

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 19.51 8.44 13.06 12.71 12.74 11.27 10.78
Growth 8.68 -2.14 5.76 7.46 9.02 8.81 8.77
Income 10.83 10.58 7.30 5.25 3.72 2.46 2.01

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.

DistributionDistribution (CPU)Reinvestment price
30-Jun-24480.4632$48.2139

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. 

Sectors and holdings

As at 31 August 2024

As at 31 August 2024

% total net assets
ICICI BANK LTD 7.5%
HDFC BANK LTD 7.2%
INFOSYS LTD 6.9%
AXIS BANK LTD 4.4%
BHARTI AIRTEL LTD 4.1%
MARUTI SUZUKI INDIA LTD 3.4%
FORTIS HEALTHCARE INDIA LTD 2.9%
ULTRATECH CEMENT LTD 2.8%
RELIANCE INDUSTRIES LTD 2.5%
ICICI LOMBARD GENERAL INSURANCE CO LTD 2.3%

As at 31 August 2024

Fund % Benchmark % Relative %
HDFC BANK LTD 7.2 3.6 3.6
FORTIS HEALTHCARE INDIA LTD 2.9 0.0 2.9
ICICI BANK LTD 7.5 5.0 2.5
AXIS BANK LTD 4.4 2.1 2.3
MARUTI SUZUKI INDIA LTD 3.4 1.4 2.0

As at 31 August 2024

Fund % Benchmark % Relative %
RELIANCE INDUSTRIES LTD 2.5 7.2 -4.7
TATA CONSULTANCY SERVICES LTD 0.0 3.2 -3.2
MAHINDRA & MAHINDRA LTD 0.0 2.0 -2.0
LARSEN & TOUBRO LTD 0.0 2.0 -2.0
HINDUSTAN UNILEVER LTD 0.0 1.8 -1.8

Fund ratings3

Organisation Rating
Lonsec
Investment Grade4
The Lonsec report is only available to financial advisers,
please contact us for a copy

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. 

3You should refer to respective research houses (and their disclaimers below) to obtain further information about the meaning of the rating and the rating scale. Ratings are only one factor to be taken into account when deciding whether to invest. Ratings are subject to change without notice and may not be regularly updated.  Ratings are current as at date (s) stated below. Fidelity pays a fee to some research houses for rating our funds.

4The Lonsec Rating (assigned May 2024) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to "General Advice" (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Fidelity International product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria.

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