The Fund
The Fund is managed by Ewan Thompson, Thomas Smith and Ruth Chambers. It aims to generate capital growth over the long term (5 years or more). The Fund invests at least 80% in shares of Indian companies. These are companies which, at the time of purchase, are incorporated, domiciled, listed or conduct significant business in India.
You are able to redeem your investment from the Fund at any time and there is no exit fee for doing so.
Meet the team
Ruth, Ewan and Thomas moved to Liontrust as part of the acquisition of Neptune Investment Management in October 2019. Prior to joining Neptune, Ruth was a field engineer for Schlumberger before working as an oil & gas equity research associate for Bank of Montreal. She has a Masters Degree in Earth Sciences from Oxford University. Prior to joining Neptune in 2006, Ewan worked as an editor for Yale University Press. Ewan graduated from Oxford University in 2003 with a degree in English. Thomas has a Master’s degree in Chemistry from Oxford University and is a CFA Charterholder.
Performance
Performance since fund launch date (%)
Discrete performance (%)
| As at previous quarter 12 months ending: | Sep 23 | Sep 22 | Sep 21 | Sep 20 | Sep 19 |
|---|---|---|---|---|---|
| Liontrust India | 5.2 | 4.0 | 59.3 | -4.1 | -2.0 |
| Quartile Ranking | 3 | 2 | 1 | 2 | 4 |
Cumulative performance (%)
| As at previous day end | 1 month | 3 months | 6 months | YTD | 1 year | 3 years | 5 years | 10 years | Since Inception |
|---|---|---|---|---|---|---|---|---|---|
| Liontrust India | 4.4 | 5.6 | 16.4 | 15.5 | 13.7 | 66.0 | 74.6 | 246.5 | 276.3 |
| Quartile Ranking | 3 | 2 | 1 | 3 | 2 | 1 | 2 | 3 | - |
Source: FE fundinfo as at 08/12/2023. Performance figures are shown in GBX. Total return performance figures are calculated net of costs and charges, on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Where applicable the quartile rank is for the primary share class within the sector. If your investment is made in a currency other than that used in the past performance calculation the return may increase or decrease as a result of currency fluctuations.
Current positioning
Top 10 Holdings (%)
| RELIANCE INDUSTRIES LIMITED | 5.91 |
|---|---|
| ICICI BANK LIMITED | 5.76 |
| INFOSYS LTD | 5.11 |
| BHARTI AIRTEL | 4.16 |
| LARSEN & TOUBRO LIMITED | 4.11 |
| AXIS BANK LIMITED | 3.66 |
| HDFC BANK LIMITED | 3.52 |
| SUN PHARMACEUTICAL INDUSTRIES LIMITED | 2.77 |
| PRESTIGE ESTATES PROJECTS | 2.45 |
| OIL & NATURAL GAS CORP LTD | 2.37 |
Sector Breakdown (%)
| Financials | 19.51 | |
|---|---|---|
| Consumer Discretionary | 15.53 | |
| Health Care | 11.45 | |
| Industrials | 10.66 | |
| Energy | 8.28 | |
| Materials | 8.22 | |
| Information Technology | 7.17 | |
| Real Estate | 6.32 | |
| Communications | 5.19 | |
| Utilities | 3.55 | |
| Consumer Staples | 3.33 | |
| Money Market | 0.72 |
Geographic Breakdown (%)
| India |
99.28
|
|---|---|
| Cash & Cash Equivalents |
0.72
|
For more information on the OCF, see our costs and charges page.
Fund Manager Insights
Ewan Thompson
Ewan Thompson
Ewan Thompson
Ewan Thompson
Ewan Thompson
Ewan Thompson
How to invest in Liontrust funds
Key Risks
Past performance is not a guide to future performance. The value of an investment and the income generated from it can fall as well as rise and is not guaranteed. You may get back less than you originally invested. The issue of units/shares in Liontrust Funds may be subject to an initial charge, which will have an impact on the realisable value of the investment, particularly in the short term. Investments should always be considered as long term.
The portfolio is invested in smaller companies - these stocks may be less liquid and the price swings greater than those in, for example, larger companies. Investment in the Fund involves foreign currencies and may be subject to fluctuations in value due to movements in exchange rates. The Fund may invest in emerging markets/soft currencies or in financial derivative instruments, both of which may have the effect of increasing volatility.
Disclaimer
This is a marketing communication. Before making an investment, you should read the relevant Prospectus and the Key Investor Information Document (KIID), which provide full product details including investment charges and risks. These documents can be obtained, free of charge, from www.liontrust.co.uk or direct from Liontrust. Always research your own investments. If you are not a professional investor please consult a regulated financial adviser regarding the suitability of such an investment for you and your personal circumstances.
This should not be construed as advice for investment in any product or security mentioned, an offer to buy or sell units/shares of Funds mentioned, or a solicitation to purchase securities in any company or investment product. Examples of stocks are provided for general information only to demonstrate our investment philosophy. The investment being promoted is for units in a fund, not directly in the underlying assets. It contains information and analysis that is believed to be accurate at the time of publication, but is subject to change without notice. Whilst care has been taken in compiling the content of this document, no representation or warranty, express or implied, is made by Liontrust as to its accuracy or completeness, including for external sources (which may have been used) which have not been verified. It should not be copied, forwarded, reproduced, divulged or otherwise distributed in any form whether by way of fax, email, oral or otherwise, in whole or in part without the express and prior written consent of Liontrust.
