First State Indian Subcontinent Class A Accumulation

Sell : 78.41p | Buy : 78.41p | up 0.89p
Last valuation as at 21-11-2008

At a glance

Initial charge 4.00%
Initial saving 3.75%
Annual charge 1.75%
Annual saving 0.100% ²
Total Expense Ratio 2.11%
Launch date 15-11-2006
Launch price £1.00
Sector Specialist
Fund size £26 million
Number of holdings 60
Fund type OEIC
Type of units Accumulation

HL Research - Our view on this Fund

Mark Dampier Indian growth expectations still remain above the world average despite slowing over the last year. The market faces its own challenges like slowing global demand and high commodity prices although the recent falls should be beneficial. Vijay Tohani remains focused on companies with good quality management and financial stability. These include some utility companies like Tata Power and healthcare companies like Sun Pharmaceuticals.

Full research

About the Fund Manager

Photo of Angus Tulloch

Angus Tulloch
Located in: Edinburgh


Angus Tulloch is Joint Managing Partner of the Asia Pacific and Global Emerging Markets equity team at First State Investments, having joined the Company in 1988. Graduating from Cambridge University in 1970 with a BA (Honours) in Economics and History, Angus worked with Chartered Accountants Whinney Murray (now Ernst & Young) for four years. He then gained substantial industry experience in corporate planning and finance roles with various national companies before joining London stockbrokers Cazenove & Coin 1980. Specialising mainly in Far Eastern markets, Angus spent three of the next eight years with this firm based in Hong Kong as a regional analyst before assuming a fund management role in its London office. In 1988 he returned to Scotland, joining Stewart Ivory (now part of First State Investments) to establish an Asia Pacific and Emerging Markets capability.

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Income details

Running yield N/a
Income paid Bi-annually
Type of payment Dividend

All yields are variable and not guaranteed. There is currently no yield information available for this fund.

Distribution dates

Ex-dividend date 01 February 2008
Payment date ³ 31 March 2008
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Top 10 holdings

Housing Development Finance Corp. 6.00%
Infosys Technologies 5.08%
Bharti Airtel 4.74%
Sun Pharmaceutical Industries 4.72%
Mahindra & Mahindra 4.69%
Dabur India 4.59%
Hindustan Unilever 4.49%
HDFC Bank 3.53%
Associated Cement Cos. 3.39%
Marico Industries 3.29%

Top 10 sectors

Personal Goods 17.80%
Industrial Engineering 11.55%
Software & Computer Services 10.38%
Pharmaceuticals & Biotechnology 6.46%
Financial Services 6.28%
Food Producers 6.13%
Construction & Materials 5.45%
Travel & Leisure 5.14%
Banks 4.88%
Mobile Telecommunications 4.74%

Top 10 countries

India 88.90%
Sri Lanka 5.75%
Cash and Equiv. 4.23%
Singapore 1.11%

² Annual saving is not available in the SIPP.

³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.

Last valuation as at 21-11-2008. Data accurate as at 31/10/2008.

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