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
  • Vinay Agarwalsince 01/02/2013
  • Richard Jonessince 01/10/2014
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
23.4%
1 Year rank in sector
26/48
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.
1.94%
Fund size
£400m (£233m 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.
120
Top in this sector
Fund name1 Year
Kotak India Mid Cap54.5%
UTI International India 198648.4%
Gateway to India46.7%
Pictet Indian Equities43.4%
Baring India42.2%
...more in FO Equity - India

Performance snapshot

Holdings snapshot

  • India86.7%
    Money Market10.2%
    Sri Lanka2%
    Bangladesh1.1%
  • Consumer Staples20.8%
    Information Technology14.3%
    Financials14%
    Materials10.9%
    Money Market10.2%
  • Indian Equities86.7%
    Money Market10.2%
    Asia Pacific Emerging Equities2%
    Asia Pacific Equities1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund6.3%16.7%6.1%23.4%69.5%113.3%
Sector4.2%16.8%5.7%25.6%48.5%50.7%
Rank within sector2 / 4931 / 5024 / 5026 / 4817 / 463 / 37
Quartile1st3rd2nd3rd2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund14.2%1.6%5.1%45.6%7.3%
Sector14.8%3.8%-1.8%34.7%-6.4%
Rank within sector33 / 5024 / 4810 / 4716 / 441 / 43
Quartile3rd2nd1st2nd1st
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.
4.6
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.
0.96
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.
0.96
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%.
16.58
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.
4.68
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.
0.83
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.
0.92
Price movement
52 week high88.69
52 week low72.49
Current bid price-
Current offer price-
Current mid price89.87
Region
1India86.7%
2Money Market10.2%
3Sri Lanka2%
4Bangladesh1.1%
Industry sector
1Consumer Staples20.8%
2Information Technology14.3%
3Financials14%
4Materials10.9%
5Money Market10.2%
6Industrials9.1%
7Health Care8.3%
8Consumer Discretionary5.9%
9Real Estate3.6%
Asset type
1Indian Equities86.7%
2Money Market10.2%
3Asia Pacific Emerging Equities2%
4Asia Pacific Equities1.1%
Individual holdings
1NESTLE INDIA6.7%
2NESTLE INDIA6.7%
3HDFC BANK4.7%
4INFOSYS LTD4.6%
5INFOSYS LTD4.6%
6CIPLA4.5%
7CIPLA4.5%
8KOTAK MAHINDRA BANK4.4%
9KOTAK MAHINDRA BANK4.4%
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
Vinay Agarwal01/02/2013Vinay Agarwal is a Director of First State Stewart Asia (FSSA), part of First State Investments. Vinay has more than 13 years of investment management experience, with a focus on Indian Equities. He joined the FSSA team in July 2011, and is based in Singapore. Vinay is the interim lead manager of the Scottish Oriental Smaller Companies investment trust and lead manager of the First State Indian Subcontinent Fund. He is also responsible for managing a number of Far East Leaders and Indian equity portfolios on behalf of key client segregated accounts. Vinay graduated in 2002 with a management degree with a major in Finance from the Indian Institute of Management Calcutta. He also holds a Bachelor of Commerce (Hons) degree with a major in Accountancy from Calcutta University.
Richard Jones01/10/2014Richard 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).
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)1.94%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price89.87
CurrencyUSD
Price updated27/03/2017
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)1.99%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price88.97
CurrencyUSD
Price updated27/03/2017
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 price54.43
CurrencyUSD
Price updated27/03/2017
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)1.14%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price21.92
CurrencyUSD
Price updated27/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJO4Q
Data provided by

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