T1ps launches Indian equity fund

T1ps Investment Management (TIM) is set to launch the Elite t1ps India Fund, an equities-focused unit trust, on 1 August.

The fund will focus on small- to medium-sized Indian companies undervalued by the market, with a market capitalisation of between $50m and $750m. TIM has recruited a Mumbai-based manager to head up the fund in conjunction with senior fund manager Tom Winnifrith, but is yet to reveal the manger name for legal reasons. TIM takes a group approach to fund management and the entire team, including Robert Sutherland Smith, Ross Jones and James Faulkner, will also help manage the fund. "It is clear Indian GDP growth will outstrip that of the UK over the next 20 years, so we would be missi...