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FNW FIDELITY INDIA FOCUS LF

FNW FIDELITY INDIA FOCUS LF - Overview

Overview of FNW FIDELITY INDIA FOCUS LF

Fidelity Focus India is a single country specialist fund that distinguishes itself from the peer group due to its bias to mid cap investing. Fidelity are interested in identifying the winners of tomorrow, through a locally based team that undertake numerous company visits. This portfolio should appeal to those investors who are prepared to invest within and stay invested within India.

  • Standard Initial Charge
  • Initial charge via Bestinvest 0.00%

Fund summary

Sector
Structure INSURANCE BOND
Launched November, 2006
Size £0
Yield 0.0%
Charging basis
Dividends paid

Charges

Standard initial charge
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.00%
Ongoing charges figure 0.00%

Risks

Before investing make sure you have understood the risks relevant to the fund by reviewing our Risk Warnings section. Further information on the risks are contained in the fund's Key Investor Information Document, which we make available to you before you make a decision to invest, alternatively it is available on request.

Bestinvest view

No information available.

Portfolio

Allocation Proportion(%)
Equity 97
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 3
Allocation Proportion(%)
UK 1
Europe 0
North America 1
Japan 0
Pacific 0
Other Equity 0
Allocation Proportion(%)
Large Caps 55
Mid Caps 35
Small Caps 10

View all performance data for this fund

Investment process

This fund invests primarily in Indian equities, although it can invest within foreign companies as long as they derive the majority of their earnings from India. Fidelity are known for their bottom up approach to investing and this fund is no exception. In depth analysis of companies underlies stock selection and Fidelity make use of their locally based team. Valuations are a consideration although the manager is also very focused on the potential growth opportunities created by Indian economic growth. The index is of little relevance to this fund, therefore all stocks within the portfolio should be considered to be high conviction ideas. The fund is typically biased towards small and mid sized companies.

Live feed

Bid price(inc) 177.30p
Accum units 177.30p
Fund commentary
Fund data updated on 25/07/16

Asset allocation

Allocation Proportion(%)
Equity 97
High yield bonds 0
Quality bonds 0
Property 0
Commodities 0
Hedge 0
Fund cash 3

Equity Geographic

Allocation Proportion(%)
UK 1
Europe 0
North America 1
Japan 0
Pacific 0
Other Equity 0

Equity Capitalisation

Allocation Propor
tion(%)
Large Caps 55
Mid Caps 35
Small Caps 10

Top 10 holdings

As at 30/06/07
HINDUSTAN UNILEVER 5.5%
FINANCIAL TECHN (INDIA) 4.8%
STATE BANK OF INDIA 4.7%
INFOSYS TECHNOLOGY 4.2%
UNITED SPIRITS 3.7%
RELIANCE INDUSTRIES (DEMATERIALIZED) 3.2%
BAJAJ AUTO (DEMATERIALISED) 3.0%
CIPLA 2.8%
ZEE ENTERTAINMENT ENTERPRISES 2.2%
ICICI BANK (DEMAT) 2.0%
Source Fidelity

Sector breakdown

Portfolio details

Around 60-80 stocks are held. The fund has historically been biased to small and mid sized companies.

Constraints

Unconstrained portfolio. Active positions are usually limited to +/-4%.
The portfolio usually has very little commonality with the benchmark and so performance can be expected to differ markedly on occasions.

Average monthly relative returns Bestinvest MRI
11/12 12/13 13/14 14/15 15/16   3 years 5 years Career 3 years 5 years Career
 
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Tim Orchard

Manager. Born 1969. Cambridge Economics degree. Joined Mercury in 1992 as a graduate trainee on the Japanese team. Moved to Tokyo in 1995 where he was a senior member of the 18-strong team which also provided the local presence for Mercury's London team. Orchard moved to Singapore in 2001 to become a portfolio manager for Merrill Lynch before moving to Sydney in 2002 to become a partner/fund manager at Free Spirit Advisors. Orchard joined Fidelity in 2008, firstly as Head of Equities in Tokyo before moving to Hong Kong in 2010 as Head of Equities Asia ex Japan.

Track record

The track record of Tim Orchard in managing mutual funds in this sector is still too short for us to draw any meaningful conclusions and so our assessment is based largely on qualitative aspects.

Periods of worst performance
Absolute
Relative

Other funds managed

  Start Date
FIDELITY FUNDS INDIA FOCUS A GBPSep 2013

Sector record since




About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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