Our Fund

India Avenue Equity Fund

A long-term investment, in a well-diversified portfolio of companies, listed predominantly on India’s stock exchanges. The Fund provides exposure to large, already successful companies growing strongly given India’s fundamentals as well to companies which are under-researched and less known, but with the potential to be tomorrow’s leading companies given an ecosystem highly conducive to growth. The Fund is suitable for both for institutional and retail clients with an investment horizon of 5-7 years and looking to participate and benefit from India’s growth story.

Investment Objectives

“The Fund seeks to outperform its benchmark, the MSCI India (Net) in AUD over rolling 5 year periods, with less volatility than the stated benchmark”


Fund Facts

APIR Code & ISIN H Class – ETL0478AU  |  AU60ETL04784

M Class – ETL0482AU  |  AU60ETL04826

L  Class – ETL2814AU  |  AU60ETL28148

Buy-Sell Spread 0.35% / 0.35%
Management Fees Wholesale: 1.10% p.a.
Retail: 1.50% p.a.
Performance Fees 10% of the excess return above the benchmark
Subject to a high watermark
Latest Unit Price Download the Fund NAV Sheet
Valuation Frequency Daily
AUM  AU$ 63.33 Mn (August 2021)
Fund Inception Date 6th September 2016
Distribution Frequency Yearly at 30 June
Currency Australian Dollars
Benchmark MSCI India (Net) in AUD
Fund Domicile Australia
Responsible entity Equity Trustees Limited
Fund administrator Mainstream Fund Services Pty Ltd
Fund auditor KPMG Australia
Wholesale refers to “sophisticated investors”. To qualify as a sophisticated investor the investor needs either an investment of A$500,000 or above or an accountant’s certification (not more than 6 months old) that the investor has either a net asset value above A$2,500,000 or earned above A$250,000 per annum for the last two consecutive financial years. Retail refers to investors who are not classified as “sophisticated investors” as described above with investments of AU$20,000 or more. For more information regarding features, benefits and risk of the Fund, please refer to the PDS.

Fund Performance

As of 31st August, 2021

3 Months 6 Months 1 Year 2 Years (p.a.) 3 Years (p.a.) Since Inception (p.a.)
IAEF (M Class) 19.49% 33.32% 69.35% 23.03% 12.02% 12.55%
IAEF (H Class) 19.30% 32.90% 68.50% 22.50% 11.30% 11.50%
MSCI India 17.69% 29.60% 54.97% 20.59% 12.97% 13.46%
*Past performance is not necessarily indicative of future results and no person guarantees the performance of any India Avenue Investment Management (IAIM) financial product or service or the amount or timing of any investment return from it. There can be no assurance that an IAIM financial product or service will achieve any targeted returns, that asset allocations will be met or that an IAIM financial product or service will be able to implement its investment strategy and investment approach or achieve its investment objective

As of 31st August, 2021

  • AUM (AU$ mn)

As of 31st August, 2021

  • *values are in percentage
  • Consumer Discretionary (11%)
  • Consumer Staples (5.2%)
  • Energy (1.6%)
  • Financials (23.5%)
  • Health Care (5.93%)
  • Industrials (10.9%)
  • Information Technology (22.2%)
  • Materials (8.4%)
  • Communication Services (3.6%)
  • Utilities (1.07%)
  • Real Estate (4.5%)

As of 31st August 2021

Name Industry Weight
Bajaj Finance Consumer Finance 5.0%
HCL Technologies IT Services 4.7%
Redington (India) Electronic Equipment & Components 4.0%
Infosys IT Services 3.6%
Tata Consultancy Services IT Services 3.5%
Indian Energy Exchange Capital Markets 3.3%
Tata Steel Metals & Mining 3.3%
Avenue Supermarts Ltd. Food & Staples Retailing 2.8%
Info Edge (India) Interactive Media & Services 2.8%
ICICI Bank Banks 2.5%
HDFC Ltd Mortgage Finance 2.5%
Divis Laboratory Pharmaceuticals 2.4%
Cyient Software 2.3%
Brigade Enterprise Real Estate 2.2%
ABB Power Products & Systems Electrical Equipment 2.2%
Aurobindo Pharma Pharmaceuticals 2.1%
Motherson Sumi Systems Ltd Consumer Discretionary 2.1%
Maruti Suzuki Automobiles 1.9%
Kotak Mahindra Bank Banks 1.8%
Interglobe Aviation Ltd Industrial 1.8%

Factsheet Archive


India Avenue Equity Fund Annual Report

Annual Report 2018-2019Annual Report 2017-2018Annual Report 2016-2017

India Avenue Equity Fund Trading Holidays

Trading Holidays 2021Trading Holidays 2020Trading Holidays 2019