Schroders has launched its first UK-domiciled Indian equities fund in partnership with India's Axis Asset Management.
The Schroder India Equity fund was launched on 7 June after "significant client demand" and will be run by Schroders' Asian investment team alongside Axis, a company in which Schroders owns a 25% stake. The firm said the fund will use a bottom-up, fundamental investment approach to invest in large-, mid- and small-cap Indian companies, or those that have a substantial business exposure to India. It will be, Schroders added, "a concentrated portfolio of our best ideas". The Indian economic growth story is "impossible to ignore", said Jigar Gandhi, investment director for the Schroder I...
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