Nomura Funds Ireland –
India Equity Fund
Benefit from India’s growth momentum
Nomura Funds Ireland – India Equity Fund
Key Factors
Our India Equity Fund is a concentrated strategy investing in Indian equities, aiming to deliver a high excess return. The strategy offers an attractive opportunity for investors to benefit from the high growth potential from Indian companies, driven by the dynamic domestic economy, Modi-reform and young population.
- Benchmark: MSCI India.
- Holdings: 30-40 stocks.
- Outperformance target: 4%-6% p.a.
- Tracking Error Range: usually 6%-10% p.a.
- More than 15 years track record – fund incepted in January 2007.
Investment Philosophy
We believe the most effective way to add value consistently in India is through original fundamental research and analysis; market inefficiencies at the individual stock-level are much greater than at the macro-level. Thus, we spend most time and resource here and stock selection is our primary source of added value.
Investment Approach
- Bottom-up approach is based on fundamental research, supported by a large number of visits to Indian companies, including their suppliers and clients by our highly experienced portfolio management team.
- Stock selection is supported by a country specific India stock model with a sector overlay.
- Leverage on the established investment management platform of the core team. Lead manager Vipul Mehta is dedicated to managing India equities portfolios since their inception. All India equity specialists are natives; understand the culture, key issues and opportunities. They travel frequently to India and meet with the management teams of companies, suppliers, employees, etc., but are based at NAM Singapore away from the ‘noise’ of the Indian marketplace.
- We follow a wide and unconstrained investment universe (typically non-market cap biased) which offers us the greatest opportunity and flexibility to select stocks which look attractive on our initial screening. However, we maintain a concentrated investment with 30-40 high conviction stocks to achieve high excess return.
Awards and Ratings
Potential Significant Risks
Emerging markets or less developed countries may face more political, economic or structural challenges than developed countries. This means your money is at greater risk.
| Investment Objective | Aiming to achieve long-term capital growth through investment in an actively managed portfolio of Indian securities. A focused approach investing in 25-35 high conviction stocks. Stock selection is based on fundamental research, supported by a large number of visits to Indian companies by our highly experienced portfolio management team. |
| Fund Size | USD 780.9 million (as at 31.10.2023) |
| Investment Company | Nomura Asset Management U.K. Ltd. |
| Lead Portfolio Manager |
Vipul Mehta, Head of Investment Asia Pacific ex Japan, Nomura Asset Management Singapore Ltd. |
| Launch Date | 15.01.2007 |
| Base Currency | USD |
| Universe Sector | Morningstar Universe: India Equity IA Sector: Specialist |
| Benchmark | MSCI India |
| Domicile | Ireland (Nomura Funds Ireland plc) |
| Lead ISINs | I USD: IE00B3SHFF36 A USD: IE00B1L8MC56 A EUR: IE00B3SHDY84 For additional share class information, please contact us. |
| Fund | Monthly Factsheet | Fund Snapshot | |||
|---|---|---|---|---|---|
| Class I USD |
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| Class A USD |
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For a full list of available share class documents including PRIIPs KIDs, please visit our fund documents page.
The lead share class fund literature is shown first in the above list. If any literature is not available in the above list for the share class you are invested in/interested in, please contact [email protected]
Fund Snapshot: This document was prepared by Nomura Asset Management Europe KVG mbH, from sources it reasonably believes to be accurate.
Nomura Funds Ireland plc is an open-ended investment company with variable capital, incorporated in Ireland on 13th April, 2006 under the Act with registration number 418598. The Fund has been authorised by the Central Bank as an UCITS pursuant to the UCITS Regulations. The Fund is structured as an umbrella fund consisting of different Sub-Funds each comprising one or more Classes. The Fund has segregated liability between each of its Sub-Funds.
Full information on the presented funds, which is relevant for an investment decision, can be found in the fund´s most recent sales prospectus, key information document (PRIIPs KID), key investor information document (UCITS KIID) – as appropriate for your relevant jurisdiction – and annual and semi-annual reports. The UCITS KIIDs are available in English and, for the PRIIPs KIDs, in the official language of the countries in which the fund is registered for distribution. This fund displays higher volatility due to its composition / the techniques used by the fund management, i.e. unit prices can fluctuate upwards or downwards within short periods of time. Performance in the past is no guarantee of future success. There can be no guarantee that the fund´s investment objective will actually be achieved.
A summary of investor rights in English and information on collective redress mechanisms are available at https://www.nomura-asset.co.uk/download/funds/how-to-invest/Summary_of_investor_rights.pdf . Nomura Asset Management U.K. Limited may at any time decide to terminate arrangements it may have made for the marketing of units of a fund in a member state other than its home member state.
