Frequently Asked Questions

About India Avenue

India Avenue is a Sydney-based investment boutique focused exclusively on India’s capital markets. The firm is licensed in Australia and specialises in actively managed India equity strategies.

India Avenue believes India is a relatively inefficient equity market, making it well suited to active management aimed at delivering long-term outperformance.

India Avenue follows a multi-adviser partnering model, working with select local investment advisers in India to access on-the-ground insights, company management, and under-researched opportunities.

The firm’s origins trace back to 2005, with deep experience across Indian equities and capital markets.

India Avenue is headquartered in Sydney, Australia.

Details about the investment team and leadership are available on the “Our Team” section of the website.

Why Invest in India?

India offers long-term structural growth driven by demographics, productivity gains, and domestic consumption, which India Avenue seeks to capture through equity investing.

India Avenue positions its strategies for investors with a long-term investment horizon who wish to participate in India’s growth story.

Yes. India Avenue regularly publishes articles, commentary, podcasts, and market insights for investors.

Products Offered

  • IAEF — India Avenue Equity Fund Active ETF (Listed)
  • India Avenue Equity Fund (Unlisted): H, M and L Classes (investor eligibility and availability per the latest PDS/TMD).
  • India 2030 Fund (Wholesale/IM product) for
  • IAEF and Unlisted H/M/L: MSCI India (Net) in AUD
  • India 2030 Fund: S&P BSE 500 (AUD)

It is an actively managed fund investing in listed Indian companies across sectors and market capitalisations.

IAEF is an actively managed exchange-traded fund listed on Cboe Australia, providing access to India Avenue’s investment strategy via the share market.

No. The strategy is style- and market-capitalisation-agnostic.

The India Avenue Equity portfolio is diversified and typically holds between 50 and 70 companies. While, India 2030 (for sophisticated investors) typically holds between 20-30 companies.

Access & Eligibility

Any investor who can trade on Cboe Australia via their broker or online platform (ticker IAEF).

Eligible Australian investors applying via the registry (subject to KYC/AML). Offers are generally not made to U.S. Persons—see PDS.

Wholesale Clients only (as defined in the Corporations Act). Not offered to U.S. Persons (unless an exemption applies).

Australian residents investing as individuals, companies, or trusts (including SMSFs), subject to eligibility and regulatory requirements.

Eligibility depends on jurisdiction and regulatory approvals. Investors should refer to the Product Disclosure Statement (PDS).

IAEF can be bought and sold through a stockbroker or online trading platform on Cboe Australia.

Yes, eligible investors can apply via the online application portal.

Investment Objective & Strategy

To outperform the respective index (MSCI India (AUD) for retail classes; S&P BSE 500 (AUD) for India 2030) over long-term rolling periods, via active, style-agnostic Indian equity selection.

Unlisted classes may use derivatives (up to ~20%) for hedging/portfolio purposes; they are not currently currency-hedged (policy may change).

India 2030 Fund may use listed derivatives up to 20% and is generally unhedged (hedging only in extreme circumstances).

Applications, Withdrawals & Liquidity

Place on-market orders through your broker/online platform during Cboe trading hours; settlement is through CHESS. click here

  • H Class: Initial A$10,000; A$1,000 additional; optional savings plan A$2,000/month.
  • M / L Classes: Initial A$50,000; A$10,000 additional.

The RE generally pays within ~10 days of accepting a valid request; the Constitution permits payment up to 21 days in some circumstances.

Monthly applications and withdrawals (last working day of each month; cut-off applies). Withdrawals are generally paid within ~10 days (up to 21 days permitted).

Fees & Costs

  • H Class: 1.50% p.a. management component (see PDS for full breakdown).
  • M Class: 1.10% p.a.; L Class: 0.95% p.a. (see PDS for details/indirect costs).
  • H: 10% of outperformance vs MSCI India (AUD); high-watermark applies. 
  • M: 10%; L: 15% of outperformance; high-watermark applies. 
  • India 2030: 15% of outperformance vs S\&P BSE 500 (AUD), calculated monthly and paid semi-annually; high-watermark applies.

Unlisted classes show a Buy/Sell spread of 0.35% / 0.35% at PDS date (subject to change/waiver).

ETF investors pay brokerage and market bid/ask spreads when trading IAEF.

Portfolio & Performance

It is available on our website and on Cboe website under IAEF Active ETF page for price data, PDS and issuer announcements.

IAEF Retail classes: minimum 5 years; high risk.

India 2030: rolling 7-year objective; high risk, with concentration and mid/small-cap exposure.

Performance information is available through factsheets, fund updates, and market data platforms and on our website, which is updated monthly.

The portfolio is built using bottom-up stock selection, supported by local advisers and fundamental research.

Risk, Tax & Structure

Market risk, India country/regulatory risk, currency (AUD/INR), liquidity, manager, and derivatives risks across retail classes.

For India 2030, add concentration, mid/small-cap and thematic risks due to its high-conviction approach.

The funds are Australian tax residents and generally do not pay tax on behalf of investors. Amounts are presently entitled or attributed (if AMIT). Personal tax outcomes vary—seek advice.

Unlisted classes and India 2030 generally distribute annually (around 30 June), subject to PDS/IM disclosures.

Operations & Reporting

Trade confirmations, periodic statements and annual tax reports (per the relevant PDS/IM and registry timelines).

Retail direct investors in the unlisted fund generally have 14 days cooling-off (see PDS for conditions/exceptions).

No cooling-off applies to India 2030 Fund (IM product).

For retail classes and IAEF, the TMD indicates capital growth, high risk tolerance, 5-year+ horizon, and minor/satellite portfolio use; not intended for income or capital preservation objectives.

ETF-Specific Questions (IAEF)

IAEF Active ETF is listed on Cboe Australia.

The ticker code is IAEF.

Pricing and announcements are available through the exchange and broker platforms.

Distribution is paid yearly policy is detailed in the ETF’s disclosure documents.

Yes, it trades like a listed share during exchange trading hours.

India 2030 Fund-Specific

The India 2030 Fund is an actively managed Australian unit trust offered to Wholesale Clients, seeking long-term capital growth by investing in Indian listed equities. The Fund is governed by an Information Memorandum rather than a PDS.

  • Trustee: Equity Trustees Limited (AFSL 240975)
  • Investment Manager: India Avenue Investment Management Australia Pty Ltd (AFSL 478233)
  • Administrator & Registry: Apex Fund Services Pty Ltd
  • Custodian: BNP Paribas India

The offer is available only to Wholesale Clients in Australia who receive the IM. It is not available to retail investors and is not offered to U.S. Persons, except where an exemption applies.

The Fund seeks to outperform the S&P BSE 500 Index (AUD) over rolling 7-year periods.

The India 2030 Fund is highly active and concentrated, with a mid- and small-capitalisation bias, and targets 3–5 long-term structural themes expected to benefit from India’s economic transition through 2030.

The Fund is intentionally more concentrated than diversified India mandates, reflecting its thematic, high-conviction strategy; this increases both potential return and risk.

Contact & Support

Use the Contact details on India Avenue’s website (email/phone/address). For registry/operational requests, follow the instructions and contacts in the PDS/IM. 

  • Phone – +61 2 9071 0124‬
  • Email – IA@indiaavenue.com.au
  • Address: India Avenue Investment Management Pty. Ltd. AFSL 478233 | ABN: 38 604 095 954 Level 4, 261 George Street, Sydney NSW 2000, Australia.

Contact Equity Trustees (details in the PDS/IM). Complaints are acknowledged within 1 Business Day and typically resolved within 30 days; you may escalate to AFCA if unsatisfied.