Fact sheet: First State Indian Subcont

Fund information
Fund name
First State Indian Subcontinent I Acc USD
Fund manager company
First State Investments (Hong
Fund type
No data available.
Fund managers
  • Richard Jonessince 30/09/2014
  • Vinay Agarwalsince 01/02/2013
Fund objective
The Fund aims to grow your investment. The Fund mainly invests in shares of companies based in or having significant operations in India, Pakistan, SriLanka or Bangladesh.
Benchmark
  • MSCI India
Investment style
None
Investment method
Shares
Quick stats
1 Year return
4.6%
1 Year rank in sector
21/47
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.
1.96%
Fund size
£344m (£263m 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.
122
Top in this sector
Fund name1 Year
Kotak India Mid Cap29.6%
Gateway to India29.6%
Pictet Indian Equities28.9%
Baring India28%
UTI International India 198626.9%
...more in FO Equity - India

Performance snapshot

Holdings snapshot

  • India89.4%
    Money Market8.6%
    Bangladesh1%
    Sri Lanka1%
  • Consumer Staples23.3%
    Information Technology15.1%
    Financials13.5%
    Materials10.8%
    Industrials8.7%
  • Indian Equities89.4%
    Money Market8.6%
    Asia Pacific Emerging Equities1%
    Asia Pacific Equities1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-6%-8.2%-1.3%4.6%58.2%99.5%
Sector-6.4%-8.9%2.7%6.2%38.7%41.2%
Rank within sector16 / 4819 / 4933 / 4921 / 4715 / 434 / 37
Quartile2nd2nd3rd2nd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund1.1%5.1%45.6%7.3%29.9%
Sector3.8%-1.8%34.7%-6.4%21.2%
Rank within sector26 / 479 / 4713 / 431 / 427 / 37
Quartile3rd1st2nd1st1st
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.
4.3
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.
0.99
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.
0.81
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%.
17
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.
4.34
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.
0.92
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.
0.93
Price movement
52 week high85.73
52 week low66.46
Current bid price-
Current offer price-
Current mid price78.34
Region
1India89.4%
2Money Market8.6%
3Bangladesh1%
4Sri Lanka1%
Industry sector
1Consumer Staples23.3%
2Information Technology15.1%
3Financials13.5%
4Materials10.8%
5Industrials8.7%
6Money Market8.6%
7Health Care7.9%
8Consumer Discretionary6.3%
9Real Estate4.3%
Asset type
1Indian Equities89.4%
2Money Market8.6%
3Asia Pacific Emerging Equities1%
4Asia Pacific Equities1%
Individual holdings
1NESTLE INDIA5.9%
2NESTLE INDIA5.9%
3HDFC BANK4.4%
4INFOSYS LTD4.1%
5INFOSYS LTD4.1%
6WIPRO4%
7WIPRO4%
8CIPLA3.8%
9CIPLA3.8%
Management
Fund manager group
First State Investments
Fund manager company
First State Investments (Hong
Fund type
No data available.
Fund objective
The Fund aims to grow your investment. The Fund mainly invests in shares of companies based in or having significant operations in India, Pakistan, SriLanka or Bangladesh.
Benchmark
  • MSCI India
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Richard Jones30/09/2014Richard Jones is Senior Analyst/Portfolio Manager at First State Stewart (FSS). FSS is part of First State Investments and the team manages equities in Asia Pacific, Global Emerging and other international markets. He joined the team in January 2010. He is responsible for research and stock picking with a focus on the Asia Pacific (ex-Japan) region. He graduated from the London School of Economics with a first class degree in Economics (Government).
Vinay Agarwal01/02/2013Vinay Agarwal is Senior Analyst in the First State Stewart team at First State Investments (‘FSI’). In his role Vinay provides research support to the portfolio managers, with a focus on Indian equities. Prior to joining First State, Vinay worked with Arisaig Partners Investment Managers in Mumbai for eight years and was the co-head of the Arisaig Asia Fund when he left. Before that, he managed the Arisaig India Fund until it was merged into the Asia Fund in early 2010. Vinay also set up a research office and a team for Arisaig Partners in Mumbai in 2005 and was responsible for running the Indian office. In addition he has one year’s experience of working as a Credit Analyst with CRISIL and SBI Mutual Fund in India. Vinay graduated with a management degree from the Indian Institute of Management Calcutta with a major in Finance in 2002. He also holds a Bachelor of Commerce (Hons) degree with a major in Accountancy from Calcutta University.
Compliance
Transparent for Swiss Tax, Distributor Status, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Hong Kong, Ireland, Offshore, Singapore
First State Indian Subcontinent I Acc USD
Initial charge5%
Annual charge1.75%
Min single investment£1,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price78.34
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCM48
First State Indian Subcontinent I Dis USD
Initial charge5%
Annual charge1.75%
Min single investment£1,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price77.55
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeAYD6
First State Indian Subcontinent II Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£1,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)3.02%
Total expense ratio (TER)2.27%
Bid price-
Offer price-
Mid price47.41
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCM58
First State Indian Subcontinent III Acc USD
Initial charge7%
Annual charge1%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price19.06
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJO4Q
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