Fact sheet: Nordea 1 Indian Equity

Fund information
Fund name
Nordea 1 Indian Equity BP USD
Fund manager company
Nordea
Fund type
Offshore Fund
Fund manager
  • Sankaran Narensince 05/07/2012
Fund objective
The fund shall invest a minimum two thirds of its total assets in equity and equity related securities issued by companies, which are domiciled or exercise the predominant part of their economic activity in India. It may also invest in equity arbitrage, debt, money market instruments (to the extent permitted) for defensive considerations. It actively uses derivatives (index futures) with an endeavor to reduce volatility and to protect downside of the fund. The fund aims to provide opportunity to capture the potential of the Indian equity markets at a nascent stage of the country?s evolution cycle.
Benchmark
  • MSCI India 10/40
Investment style
None
Investment method
Shares
Quick stats
1 Year return
14%
1 Year rank in sector
17/47
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.
2.31%
Fund size
£222m (£212m 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.
116
Top in this sector
Fund name1 Year
Gateway to India40.5%
Kotak India Mid Cap36.6%
Franklin India35.4%
UTI International India 198632.6%
Pictet Indian Equities32.2%
...more in FO Equity - India

Performance snapshot

Holdings snapshot

  • India90.7%
    Money Market7.4%
    USA1.9%
  • Financials17.6%
    Health Care13.7%
    Energy13%
    Utilities12.8%
    Information Technology11.4%
  • Indian Equities92.8%
    Money Market5%
    US Equities2.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%8.4%17.7%14%54.7%-
Sector1.5%9.1%18.3%12.6%62.1%43.1%
Rank within sector33 / 4725 / 4822 / 4717 / 4730 / 44-
Quartile3rd3rd2nd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund10.3%-6.1%28.8%1.9%-
Sector11.2%-1.8%34.7%-6.4%21.2%
Rank within sector19 / 4744 / 4741 / 443 / 43-
Quartile2nd4th4th1st
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.
-1.65
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.
1.02
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.
0.93
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%.
17.92
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.
-0.32
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.
0.94
Price movement
52 week high151.81
52 week low111.42
Current bid price-
Current offer price-
Current mid price145.99
Region
1India90.68%
2Money Market7.37%
3USA1.94%
Industry sector
1Financials17.55%
2Health Care13.66%
3Energy12.96%
4Utilities12.8%
5Information Technology11.4%
6Money Market7.37%
7Consumer Discretionary6.32%
8Materials6.26%
9Telecommunications Utilities5.3%
Asset type
1Indian Equities92.79%
2Money Market4.96%
3US Equities2.25%
Individual holdings
1POWER GRID CORP OF INDIA8.1%
2POWER GRID CORP OF INDIA8.1%
3BHARTI AIRTEL5.3%
4BHARTI AIRTEL5.3%
5BAJAJ FINSERV4.75%
6BAJAJ FINSERV4.75%
7INFOSYS LTD4.47%
8INFOSYS LTD4.47%
9RELIANCE INDUSTRIES4.44%
Management
Fund manager group
Nordea
Fund manager company
Nordea
Fund type
Offshore Fund
Fund objective
The fund shall invest a minimum two thirds of its total assets in equity and equity related securities issued by companies, which are domiciled or exercise the predominant part of their economic activity in India. It may also invest in equity arbitrage, debt, money market instruments (to the extent permitted) for defensive considerations. It actively uses derivatives (index futures) with an endeavor to reduce volatility and to protect downside of the fund. The fund aims to provide opportunity to capture the potential of the Indian equity markets at a nascent stage of the country?s evolution cycle.
Benchmark
  • MSCI India 10/40
Investment style
None
Investment method
Shares
Fund manager
NameSinceBiography
Sankaran Naren05/07/2012Mr. Naren is B.Tech from IIT, Madras and PGDM from IIM Calcutta.'Prior joining Pru AMC, he has an experience of working with Relco Sify Securities Pvt. Ltd as Head of Research, HDFC Securities Ltd as Vice President and Yoha Securities as CEO.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Chile, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Italy, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Poland, Portugal, Singapore, Sweden
Nordea 1 Indian Equity BI EUR
Initial charge5%
Annual charge1%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price135.49
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF15F
Nordea 1 Indian Equity BI USD
Initial charge5%
Annual charge1%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price152.01
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF15E
Nordea 1 Indian Equity BP EUR
Initial charge5%
Annual charge1.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.31%
Total expense ratio (TER)2.32%
Bid price-
Offer price-
Mid price130.13
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF15H
Nordea 1 Indian Equity BP USD
Initial charge5%
Annual charge1.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.31%
Total expense ratio (TER)2.32%
Bid price-
Offer price-
Mid price145.99
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF15G
Nordea 1 Indian Equity E EUR
Initial charge5%
Annual charge1.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.07%
Total expense ratio (TER)3.08%
Bid price-
Offer price-
Mid price126.05
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF15D
Nordea 1 Indian Equity E USD
Initial charge5%
Annual charge1.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.07%
Total expense ratio (TER)3.08%
Bid price-
Offer price-
Mid price141.41
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF15C
Nordea 1 Indian Equity HBI EUR
Initial charge5%
Annual charge1%
Min single investment£75,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price119.13
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFNUB
Data provided by

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