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Robeco Indian Equities D USD

Index: MSCI India Index (Net Return, USD)
ISIN: LU0571488617
  • Focused investment in Indian equities
  • Disciplined fundamental approach to benefit from Indian growth story driven by trends such as rising domestic consumption and infrastructure expansion.
  • Combining local market expertise with international asset-manager strength.
Assets class
Current price ()
Performance YTD ()
Currency USD
Total size of fund ()
Dividend payingNo

About this fund

Robeco Indian Equities invests in stocks listed on the major Indian stock exchanges. The selection of these stocks is based on fundamental analysis. The fund focuses on largecap stocks, supplemented by select high-conviction midcap stocks. Managed by our Asia-Pacific team in Hong Kong, the fund combines the market expertise of local Indian investment adviser Canara Robeco (Mumbai) with Robeco's operational strength as an international asset manager.

Price development

No performance data available

Price development

Robeco Indian Equities D USD

Performance

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The value of the investments may fluctuate. Past performance is no guarantee of future results.
Annualized (for periods longer than one year).
Cumulized (total amount of return).
Performances are gross of fees and based on closing values. In reality, costs (such as management fees and other costs) are charged. These have a negative effect on the returns shown.

Performances are net of fees and based on transaction prices.
Fund Reference index
The value of the investments may fluctuate. Past performance is no guarantee of future results.
Annualized (for periods longer than one year).
Cumulized (total amount of return).
Performances are gross of fees and based on closing values. In reality, costs (such as management fees and other costs) are charged. These have a negative effect on the returns shown.

Performances are net of fees and based on transaction prices.

Statistics

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Market development

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Indian Equities tracked EM in the first half of the month, but performance picked up subsequently on the back of positive election results, offsetting the global sell-off. The incumbent NDA (National Democratic Alliance) government swept back to power, securing 353 seats out of 543 constituencies in the lower house. MSCI India (USD) was flat in May, significantly outperforming peer MSCI EM (-7.5%) and MSCI APxJ (-7.4%). The Indian rupee depreciated by 0.2%, ending the month at 69.70/USD. For the month, the key outperforming sectors were industrials and financials, while healthcare, IT and consumer discretionary were notable laggards. FIIs recorded net inflows of USD 1.2 bln and DIIs were net buyers at USD 705 mln in equities. India’s 4Q FY19 GDP growth came in surprisingly lower at 5.8% YoY. RBI cut the Repo rates by 25 bps to 5.75% and changed its stance to ‘accommodative’ from ‘neutral’.

Fund allocation

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Name Sector Weight
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Fund Classification

YesNoN/A 
Voting
Engagement
ESG integration
Exclusion
YesNoN/A 
Screening
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Sustainability Themed Fund

Currency policy

The fund is allowed to pursue an active currency policy to generate extra returns.

Dividend policy

The fund does not distribute dividend; any income earned is reinvested.

ESG Integration policy

For Robeco Indian Equities, our focus regarding ESG integration is on corporate governance and in our fundamental assessment of companies we analyze the factor 'management and corporate governance'. We look at the historical behavior of the company vis-a-vis the protection of minority-shareholder interests. Also we investigate the composition of the board and appreciate a higher content of truly independent board members. Finally, we will assess the quality of the audit committee as it is a first protection against fraud. In the quantitative ranking that we use, one of the factors is the RobecoSAM Company score.

Investment policy

The fund has a predominant focus on large caps with select high-conviction mid-cap ideas. The fund follows an active, predominantly bottom-up investment approach with a focus on fundamentally sound companies which are likely to deliver superior capital appreciation over the investment horizon. The fund seeks to be fully invested and has an active currency policy. Risk management is fully embedded in the investment process to ensure that the fund's positions remain within set limits at all times.

Risk policy

Monitored by an independent department in Rotterdam, risk management is fully integrated into the investment process to ensure that positions always meet predefined guidelines.

Expectation of fund manager

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The equity market made a strong upward move following the elections and now awaits policy actions from the new government. Corporate earnings are expected to accelerate over the next three years, led mainly by financials. MSCI India at ~18.5 x 1yr fwd PE is at a premium to long-term average. Our portfolio is biased towards structural growth themes and financials with a strong liability franchise. India will remain a favorable market in the medium term, considering the deleveraging of the corporate balance sheet, improvement in ROEs and structural long-term drivers driven by demographics.

Team Asia-Pacific
Team Asia-Pacific

Team Asia-Pacific

The Asia-Pacific Equities investment team consists of five investment professionals with an average experience of 13 years, combining complementary skills and worldwide investment backgrounds. The team's portfolio managers place local insights into the context of a wider regional and global perspective. The experience of the Asia-Pacific Equities investment team is strengthened by the local expertise of the Indian Investment Advisor, Canara Robeco.

Details

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Management company
Fund capital
Size of share class
Outstanding shares
ISINLU0571488617
BloombergROBIEDU LX
Valoren12204991
WKNA12GVQ
Availability
1st quotation date1300838400000
Close financial year31-12
Legal status
Tracking error limit (%)
Morningstar
Reference index

Cost of this fund

Ongoing charges

This fund deducts ongoing charges of
These charges comprise
Management fee
Service fee

Transaction costs

The expected transaction costs are

Performance fee

This fund may also deduct a performance fee of

Extra fees

max entry fee
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Fiscal product treatment

The fund is established in Luxembourg and is subject to the Luxembourg tax laws and regulations. The fund is not liable to pay any corporation, income, dividend or capital gains tax in Luxembourg. The fund is subject to an annual subscription tax ('tax d'abonnement') in Luxembourg, which amounts to 0.05% of the net asset value of the fund. This tax is included in the net asset value of the fund. The fund can in principle use the Luxembourg treaty network to partially recover any withholding tax on its income.

Fiscal treatment of investor

The fiscal consequences of investing in this fund depend on the investor's personal situation. For private investors in the Netherlands real interest and dividend income or capital gains received on their investments are not relevant for tax purposes. Each year investors pay income tax on the value of their net assets as at 1 January if and inasmuch as such net assets exceed the investor’s tax-free allowance. Any amount invested in the fund forms part of the investor's net assets. Private investors who are resident outside the Netherlands will not be taxed in the Netherlands on their investments in the fund. However, such investors may be taxed in their country of residence on any income from an investment in this fund based on the applicable national fiscal laws. Other fiscal rules apply to legal entities or professional investors. We advise investors to consult their financial or tax adviser about the tax consequences of an investment in this fund in their specific circumstances before deciding to invest in the fund.

Disclaimer

The information contained in the website is solely intended for professional investors. Some funds shown on this website fall outside the scope of the Dutch Act on the Financial Supervision (Wet op het financieel toezicht) and therefore do not (need to) have a license from the Authority for the Financial Markets (AFM).

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Neither information nor any opinion expressed on the website constitutes a solicitation, an offer or a recommendation to buy, sell or dispose of any investment, to engage in any other transaction or to provide any investment advice or service. An investment in a Robeco product should only be made after reading the related legal documents such as management regulations, prospectuses, annual and semi-annual reports, which can be all be obtained free of charge at this website and at the Robeco offices in each country where Robeco has a presence.

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