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: 25-30 stocks.
- Outperformance target: 3%-5% p.a.
- Tracking Error Range: usually 6%-10% (rolling 3 year basis).
- Expected portfolio turnover: 40%-60% p.a.
- More than 10 years track record – strategy incepted in March 2005.
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 and Co-manager Vipin Kapoor are dedicated to managing India equities portfolios since their inception. Both managers 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 25-30 high conviction stocks to achieve high excess return.
Awards and Ratings
Morningstar Overall Ratings as at 31-05-2022. Copyright © 2022 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Morningstar rating based on the lead share class: India Equity I USD.
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 195.5 million (as at 31.05.2022) |
| Investment Company | Nomura Asset Management U.K. Ltd. |
| Lead Portfolio Manager |
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| 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. |
Vipul Mehta, Head of Investment Asia Pacific ex Japan, Nomura Asset Management Singapore Ltd.
| Fund | Monthly Factsheet | Fund Snapshot | |||
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| Class I USD |
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| Class A USD |
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For a full list of available share class documents including KIIDs, 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 NAMupdates@nomura-asset.eu
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 fund, which is relevant for an investment decision can be found in the fund´s most recent sales prospectus, the Key Investor Information Documents (KIIDs) and annual and semi-annual reports. The KIIDs are available 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.
