Nomura Funds Ireland – India Equity Fund
Overview
As the most populous country and one of the world’s fastest-growing, largest economies, India provides the perfect setup for long-term investment and offers diversification due to its unique characteristics, underpinned by expectations of sustained earnings growth, a liquid and well-diversified stock market with abundant stock selection opportunities.
A high-conviction fund that is well-positioned to exploit market inefficiencies at stock level through fundamental research and analysis supported by a high number of Indian company contacts and a highly experienced portfolio management team.
Our approach
- Indian stock markets are still evolving and are relatively inefficient, hence providing ample investment opportunities. Active portfolio management and extensive investment experiences in this market can capture high return on equities and translate to high excess returns.
- Bottom-up approach to construct a high-conviction portfolio of 40 to 50 holdings.
- High active share of up to 70%.
- High percentage of non-benchmark stocks.
- Higher growth / ROEs/valuation.
- Wide and unconstrained investment universe offers the greatest initial opportunity and flexibility to select stocks that look attractive based on proprietary India-specific factors.
- Our portfolio management team has been analyzing companies in India for over 20 years and has met with management many times before investing.
Reasons to invest
- Long-term track record and high excess returns through a high-conviction portfolio.
- Highly experienced, dedicated team managing since inception; Indian origin, close to the market, culture, able to speak the local language and understand the key issues and opportunities and yet strategically based in Singapore, provided with global and regional perspective and some respite from noise of local marketplace.
- High number of company contacts demonstrating our high-conviction stock selection approach.
Awards and ratings
Morningstar Overall Ratings as at 31-10-2025. Copyright © Morningstar 2025. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied, adapted or distributed; (3) is not warranted to be accurate, complete or timely; and (4) do not constitute advice of any kind, whether investment, tax, legal or otherwise. User is solely responsible for ensuring that it complies with all laws, regulations and restrictions applicable to it. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information, except where such damages or losses cannot be limited or excluded by law in your jurisdiction. Past performance is no guarantee of future results. Morningstar rating based on Nomura Funds Ireland – India Equity Fund I USD.
SFDR* Classification: Article 6.
* EU Sustainable Finance Disclosure Regulation.
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. |
Fund Size |
USD 1.3 billion (as at 31.10.2025) |
Investment Manager |
Nomura Asset Management U.K. Ltd. |
Lead Portfolio Manager |
Vipul Mehta, Head of Investment Asia Pacific ex Japan, |
Launch Date |
15.01.2007 |
Base Currency |
USD |
Universe |
Morningstar category: India Equity IA Sector: India/Indian Subcontinent |
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 | |||||
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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 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]
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.
