Fact sheet: Fidelity India Focus

Fund information
Fund name
Fidelity India Focus Y GBP
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund managers
  • Amit Goelsince 31/03/2016
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in the shares of Indian companies listed in India, as well as those of non-Indian companies that have a significant portion of their activities in India. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
  • MSCI India 8% Capped
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
35.7%
1 Year rank in sector
-
Sector
FO Equity - India
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.22%
Fund size
£1,486m (£1,342m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
134
Top in this sector
Fund name1 Year
Kotak India Mid Cap54%
UTI International India 198647%
Gateway to India45%
Pictet Indian Equities43.5%
Baring India43.1%
...more in FO Equity - India

Performance snapshot

Holdings snapshot

  • India95.8%
    Money Market4.2%
  • Financials24.7%
    Consumer Discretionary16.9%
    Information Technology14%
    Consumer Staples8.9%
    Energy7.6%
  • Indian Equities95.8%
    Money Market4.2%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.9%14.4%8%35.7%88.8%95.1%
Sector3.5%16.1%4.7%24.9%51.6%50%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund13.5%19.4%2.8%46%-7.2%
Sector14.2%3.8%-1.8%34.7%-6.4%
Rank within sector-----
Quartile
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
8.3
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.04
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
1.09
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
19.19
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
8.44
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.99
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.8
Price movement
52 week high2.23
52 week low1.56
Current bid price-
Current offer price-
Current mid price2.19
Region
1India95.8%
2Money Market4.2%
Industry sector
1Financials24.7%
2Consumer Discretionary16.9%
3Information Technology14%
4Consumer Staples8.9%
5Energy7.6%
6Health Care7.6%
7Industrials6.6%
8Money Market4.2%
9Utilities4.1%
Asset type
1Indian Equities95.8%
2Money Market4.2%
Individual holdings
1HOUSING DEVELOPMENT FINANCE CORP8.8%
2HOUSING DEVELOPMENT FINANCE CORP8.8%
3INFOSYS7.3%
4HDFC BANK LTD7.2%
5ITC5.5%
6ITC5.5%
7RELIANCE INDUSTRIES5.4%
8RELIANCE INDUSTRIES5.4%
9TATA CONSULTANCY SERVICES4.9%
Management
Fund manager group
Fidelity
Fund manager company
Fidelity International (FIL In
Fund type
Offshore Fund
Fund objective
Aims to provide long-term capital growth with the level of income expected to be low. At least 70% invested in the shares of Indian companies listed in India, as well as those of non-Indian companies that have a significant portion of their activities in India. Has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can use derivatives with the aim of risk or cost reduction or to generate additional capital or income in line with the fund's risk profile. The fund has discretion in its choices of investments within its objectives and policies. Income is accumulated in the share price. Shares can usually be bought and sold each business day of the fund. This fund may not be appropriate for investors who plan to sell their shares in the fund within 5 years. Investment in the fund should be regarded as a long-term investment.
Benchmark
  • MSCI India 8% Capped
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Amit Goel31/03/2016Amit Goel has over 11 years of investment experience. He joined Fidelity in India in 2006 as a Research Specialist and was promoted to become a full-time analyst covering Indian equities. In this role, Amit gained extensive experience of covering various Indian sectors, including IT, healthcare, consumer, automobiles, materials and small caps equities. In July 2013, Amit moved to Singapore and started covering Emerging Asian companies (including Indian equities). In September 2014, Amit joined the Global Emerging Markets team and started managing the Fidelity Funds – Emerging Markets Fund’s Emerging Asia sleeve, which also invests in India. Prior to Fidelity, Amit worked as an Analyst at First Global Stockbroking in India. He holds a Bachelor of Pharmacy from Delhi University, India and an MBA from IIT Delhi, India.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bahrain, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Gulf Cooperation Council, Guernsey, Hong Kong, Ireland, Iceland, Italy, Jersey, Republic Of Korea, Luxembourg, Macau, Malta, Netherlands, Norway, Offshore, Oman, Poland, Portugal, Qatar, Singapore, Sweden, Taiwan - Province Of China, South Africa
Fidelity India Focus A EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.97%
Total expense ratio (TER)2.05%
Bid price-
Offer price-
Mid price46.54
CurrencyEUR
Price updated23/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFX97
Fidelity India Focus A GBP
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.97%
Total expense ratio (TER)2.05%
Bid price-
Offer price-
Mid price5.96
CurrencyGBP
Price updated23/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFX96
Fidelity India Focus A SGD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.91%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price1.189
CurrencySGD
Price updated23/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA9J4
Fidelity India Focus A USD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.97%
Total expense ratio (TER)2.05%
Bid price-
Offer price-
Mid price41.28
CurrencyUSD
Price updated23/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFX95
Fidelity India Focus Y Acc EUR
Initial charge-
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.6
CurrencyEUR
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE0RB
Fidelity India Focus Y Acc USD
Initial charge-
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price14.42
CurrencyUSD
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMFO2
Fidelity India Focus Y Dis EUR
Initial charge-
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price21.14
CurrencyEUR
Price updated23/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFC7U
Fidelity India Focus Y Dis USD
Initial charge-
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price16.28
CurrencyUSD
Price updated23/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeBMNV
Fidelity India Focus Y GBP
Initial charge-
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price2.19
CurrencyGBP
Price updated23/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMFO3
Data provided by

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