A diversified portfolio of typically 40 to 60 Indian companies.
Uses a bottom-up stock selection process that favours high-quality companies with scalable business models and strong management available at reasonable prices.
An investment approach that is risk-aware and places first-hand, detailed research at the core of its decision making.
Access the long-term, structural growth story of one of the world's fastest-growing economies
Informed by our on-the-ground analyst team with extensive experience and insight into India
A ready-made, risk-aware selection of our best ideas in India
Amit Goel, Portfolio Manager of the Fidelity India Fund talks about his philosophy, where he is finding opportunities in India and how his 15+ years' experience in the Indian equity market have shaped his investment philosophy.
See for yourself how the fund has performed since inception. The chart below represents the value now of $10,000 invested in the Fidelity India Fund in September 2005 compared with $10,000 invested in the MSCI India Index NR.
Chart as at: 30 June 2024
Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. Benchmark: MSCI India Index NR. NR: NR at the end of the benchmark name indicates the return is calculated including reinvesting net dividends. The dividend is reinvested after deduction of withholding tax, applying the withholding tax rate to non-resident individuals who do not benefit from double taxation treaties.
Net returns as at 30 June 2024
| Timeframe | 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
15 yr % pa |
Since inception (29/09/05) % pa |
|---|---|---|---|---|---|---|---|
| Fund | 23.46 | 12.92 | 11.86 | 12.30 | 13.97 | 11.70 | 10.80 |
| Benchmark | 33.91 | 17.96 | 14.76 | 13.98 | 13.30 | 10.24 | 10.36 |
| Active return | -10.45 | -5.04 | -2.90 | -1.68 | 0.67 | 1.46 | 0.44 |
Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. Benchmark: MSCI India Index NR. NR: NR at the end of the benchmark name indicates the return is calculated including reinvesting net dividends. The dividend is reinvested after deduction of withholding tax, applying the withholding tax rate to non-resident individuals who do not benefit from double taxation treaties.
Net as at 30 June 2024
| 1 yr % |
3 yr % pa |
5 yr % pa |
7 yr % pa |
10 yr % pa |
15 yr % pa |
Since inception (29/09/05) % pa |
|
|---|---|---|---|---|---|---|---|
| Total return | 23.46 | 12.92 | 11.86 | 12.30 | 13.97 | 11.70 | 10.80 |
| Growth | 16.29 | 4.39 | 6.65 | 8.53 | 11.26 | 9.92 | 9.31 |
| Income | 7.17 | 8.53 | 5.21 | 3.76 | 2.71 | 1.78 | 1.49 |
Growth return is the unit price movement on exit to exit basis. Income is expressed as Total Return less growth component.
Total net returns represent past performance only. Past performance is not a reliable indicator of future performance. Returns of the Fund can be volatile and in some periods may be negative. The return of capital is not guaranteed. Benchmark: MSCI India Index NR. NR: NR at the end of the benchmark name indicates the return is calculated including reinvesting net dividends. The dividend is reinvested after deduction of withholding tax, applying the withholding tax rate to non-resident individuals who do not benefit from double taxation treaties.
| Distribution | Distribution (CPU) | Reinvestment price |
|---|---|---|
| 30-Jun-24 | 480.4632 | $48.2139 |
CPU = cents per unit. The above cash CPU excludes imputation credits and foreign income tax offsets which are non-cash components and are reported in the end of year tax statement. If the Distribution CPU column is 0.0000 it means that nothing was distributed.
As at 30 June 2024
As at 30 June 2024
| % total net assets | |
|---|---|
| HDFC BANK LTD | 8.0% |
| ICICI BANK LTD | 7.6% |
| INFOSYS LTD | 5.9% |
| AXIS BANK LTD | 5.7% |
| BHARTI AIRTEL LTD | 3.7% |
| ULTRATECH CEMENT LTD | 3.5% |
| MARUTI SUZUKI INDIA LTD | 3.3% |
| RELIANCE INDUSTRIES LTD | 2.8% |
| FORTIS HEALTHCARE INDIA LTD | 2.5% |
| HCL TECHNOLOGIES LTD | 2.3% |
As at 30 June 2024
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| HDFC BANK LTD | 8.0 | 3.9 | 4.1 |
| AXIS BANK LTD | 5.7 | 2.4 | 3.3 |
| FORTIS HEALTHCARE INDIA LTD | 2.5 | 0.0 | 2.5 |
| ICICI BANK LTD | 7.6 | 5.2 | 2.4 |
| ULTRATECH CEMENT LTD | 3.5 | 1.1 | 2.4 |
As at 30 June 2024
| Fund % | Benchmark % | Relative % | |
|---|---|---|---|
| RELIANCE INDUSTRIES LTD | 2.8 | 7.9 | -5.1 |
| TATA CONSULTANCY SERVICES LTD | 0.0 | 2.9 | -2.9 |
| MAHINDRA & MAHINDRA LTD | 0.0 | 2.2 | -2.2 |
| LARSEN & TOUBRO LTD | 0.0 | 2.0 | -2.0 |
| BAJAJ FINANCE LTD | 0.0 | 1.6 | -1.6 |
| Organisation | Rating |
|---|---|
| Lonsec |
Investment Grade4
The Lonsec report is only available to financial advisers,
please contact us for a copy
|
This Fund is unhedged and is subject to the risk of fluctuations in international stock markets and currencies. Investors accessing the Fund through a master trust or wrap account will also bear any fees charged by the operator of such master trust or wrap account. Any apparent discrepancies in the numbers are due to rounding.
1Management costs and buy/sell spread are current as at the date of publication of this website. These fees may be subject to change in the future.
2Total returns (net) have been calculated using exit prices and take into account the applicable buy/sell spread and are net of Fidelity’s management costs, transactional and operational costs and assumes reinvestment of distributions. No allowance has been made for tax. Returns of more than one year are annualised. The return of capital is not guaranteed.
