Fact sheet: Pictet India Index

Fund information
Fund name
Pictet India Index I GBP
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • Samuel Gorgeratsince 22/09/2011
  • David Billauxsince 01/01/2012
Fund objective
The aim of this sub-fund is to enable investors to participate in the growth of Indian markets by replicating the MSCI India Standard index (net div reinvested) movements.
Benchmark
  • MSCI India
Investment style
Passive/Tracking
Investment method
Physical - Full, Shares
Quick stats
1 Year return
29.6%
1 Year rank in sector
6/47
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.
0.55%
Fund size
£114m (£77m 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 Cap41%
Gateway to India39.4%
Baring India36.4%
GS India Eq Pfl36.3%
Franklin India36.2%
...more in FO Equity - India

Performance snapshot

Holdings snapshot

  • India99.9%
    Money Market0.1%
  • Information Technology18.4%
    Financials18.3%
    Consumer Discretionary14.2%
    Health Care11%
    Consumer Staples10.4%
  • Indian Equities99.9%
    Money Market0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.8%16.6%22.3%29.6%66%59.1%
Sector3%13.9%18.9%14.1%63%48.9%
Rank within sector5 / 4710 / 4812 / 476 / 4721 / 4417 / 36
Quartile1st1st2nd1st2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund23.7%-1.2%31.2%-6.5%19.8%
Sector12.5%-1.8%34.7%-6.4%21.2%
Rank within sector7 / 4725 / 4735 / 4429 / 4331 / 38
Quartile1st3rd4th3rd4th
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.
-0.22
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.
0.92
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%.
18.87
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.
8.34
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.
-0.09
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 high80.93
52 week low57.17
Current bid price-
Current offer price-
Current mid price80.93
Region
1India99.88%
2Money Market0.12%
Industry sector
1Information Technology18.4%
2Financials18.27%
3Consumer Discretionary14.17%
4Health Care10.97%
5Consumer Staples10.44%
6Energy8.65%
7Materials7.37%
8Industrials6.28%
9Telecommunications Utilities3.24%
Asset type
1Indian Equities99.88%
2Money Market0.12%
Individual holdings
1HOUSING DEVELOPMENT FINANCE CORP9.29%
2HOUSING DEVELOPMENT FINANCE CORP9.29%
3INFOSYS LTD8.88%
4INFOSYS LTD8.88%
5RELIANCE INDUSTRIES5.92%
6RELIANCE INDUSTRIES5.92%
7TATA CONSULTANCY SERVICES5.59%
8TATA CONSULTANCY SERVICES5.59%
9ITC CORP3.84%
Management
Fund manager group
Pictet
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund objective
The aim of this sub-fund is to enable investors to participate in the growth of Indian markets by replicating the MSCI India Standard index (net div reinvested) movements.
Benchmark
  • MSCI India
Investment style
Passive/Tracking
Investment method
Physical - Full, Shares
Fund managers
NameSinceBiography
Samuel Gorgerat22/09/2011Samuel Gorgerat joined Pictet & Cie in 1989 and Pictet Asset Management in 1996. After working in the Performance and Risk Measurement team, he joined the Quantitative Investment team, working as an Investment Manager on the indexed portfolios. Samuel holds the Federal Diploma in Banking Economics and a CFPI diploma.
David Billaux01/01/2012David Billaux is Index Fund Manager at Pictet Asset Managemet. He joined Pictet in December 2011. Previously, David was Quant Index Fund Manager and Vice President at Northern Trust Global Investments. Prior to that, he worked as Equity Index Fund Manager at HSBC Asset Management, where he was responsible for the passive asset management of domestic funds in the UK, Luxembourg funds invested in the US, and Saudi Arabian funds invested globally. He joined HSBC Investments in 2001 when he started working in the industry. David started his career working at HSBC Investments as a global equity fund manager assistant from 2001 to 2003. After this, he was a Global Equity Trader from 2003 to 2005 before being promoted to his current position. David holds a degree in Finance from the Reims Management School and a degree in Financial Engineering and International Treasury from the Institut Superieur du Commerce de Paris.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Cyprus, Germany, Spain, Finland, France, United Kingdom, Greece, Italy, Liechtenstein, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Pictet India Index I GBP
Initial charge5%
Annual charge0.25%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price80.93
CurrencyGBP
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF4RE
Pictet India Index I USD
Initial charge5%
Annual charge0.25%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)0.56%
Bid price-
Offer price-
Mid price104.88
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code048E
Pictet India Index IS USD
Initial charge5%
Annual charge0.25%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)0.56%
Bid price-
Offer price-
Mid price104.77
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code048F
Pictet India Index P EUR
Initial charge5%
Annual charge0.38%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.67%
Total expense ratio (TER)0.69%
Bid price-
Offer price-
Mid price92.76
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code048G
Pictet India Index P USD
Initial charge5%
Annual charge0.38%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.68%
Total expense ratio (TER)0.69%
Bid price-
Offer price-
Mid price104.07
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code048H
Pictet India Index R EUR
Initial charge5%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price91.03
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code048I
Pictet India Index R USD
Initial charge5%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price102.13
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code048J
Data provided by

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