The Brief
The India Avenue Equity Fund provides a diversified exposure across high quality Indian corporate success stories as well as to companies which are less known, but with the potential to be tomorrow’s leading companies.
The Fund invests in a well-diversified portfolio of companies, listed on India’s stock exchanges. It provides exposure to large, already successful companies growing strongly given India’s fundamentals, but also to companies which are under-researched and less known, with the potential to be tomorrow’s leading companies.
The Fund is suitable for both for institutional and retail clients with an investment horizon of 5-7 years and looking to participate and benefit from India’s growth story.
- An unlisted, open-ended, daily-priced unit trust
- Provides investors with exposure to 60-80 companies listed on India's stock exchanges
- Actively managed, incorporating the experiences of the firms founders its robust local network in India
- India Avenue Equity Fund available on DASH, Praemium, Netwealth, Hub24, BT Panorama, Mason Stevens platforms
Investment Objectives
“The Fund seeks to outperform its benchmark, the MSCI India (Net) in AUD over rolling 5 year periods, with less volatility than the stated benchmark”
Lonsec Rating : Recommended*
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*Lonsec Disclaimer: The Lonsec Rating (assigned March 2025) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product. Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold India Avenue Investment Management Limited’s product, and you should seek independent financial advice before investing in this product. The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document following publication. Lonsec receives a fee from the Fund Manager for researching the product using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to Lonsec’s website at: http://www.lonsecresearch.com.au/research-s
India Avenue Equity Fund
Fund Overview
$1.434
$1.4204
$1.163
0.1693
0.1488
0.1398
06/09/2016
09/04/2017
21/04/2021
ETL0482AU
ETL0478AU
ETL2814AU
611374586
611374586
611374586
AU60ETL04826
AU60ETL04784
AU60ETL28148
ETL0482AU
ETL0478AU
ETL2814AU
1.10%
1.50%
0.95%
10%
10%
15%
A$50,000
A$10,000
A$50,000
Annually as of 30 June
$144m
MSCI India (net) AUD
Predominantly securities listed on Indian stock exchanges
Multi-adviser, Benchmark Agnostic
Equity Trustees Limited
Australia
Apex Fund Services Pty Ltd
KPMG Australia
* Excess return above the benchmark, with a high watermark
India Avenue Equity Fund
$125.27m
MSCI India (net) in AUD
June 2025: $0.1077 per unit
06th September 2016
1.10% per annum
$50,000
Australian Dollar
Equity Trustees Limited
$125.27m
MSCI India (net) in AUD
June 2025: $0.1077 per unit
1.10% per annum
$50,000
Australian Dollar
Equity Trustees Limited
$125.27m
MSCI India (net) in AUD
June 2025: $0.1077 per unit
1.10% per annum
$50,000
Australian Dollar
Equity Trustees Limited
India Avenue’s Equity Fund – Investing in India’s growth story
Sectors and Holdings
Performance
Sector Breakdown
Top 10 Holdings
Performance
31st May 2026
| AUD Returns | 1 Month | 3 Month | 1 Year | 3 Years p.a. | 5 Years p.a. | Since Inception p.a.# |
|---|---|---|---|---|---|---|
| IAEF – M Class* | 0.83% | -7.38% | -20.80% | 5.43% | 7.45% | 8.25% |
| MSCI India (Net) | -0.68% | -8.58% | -20.74% | 3.14% | 6.23% | 8.22% |
| Alpha | 1.51% | 1.20% | -0.06% | 2.29% | 1.22% | 0.04% |
| IAEF – M Class – M** | 0.55% | -7.94% | -21.81% | 3.83% | 5.93% | 7.45% |
| AUD Returns | 1 Month | 3 Month | 1 Year | 3 Years p.a. | 5 Years p.a. | Since Inception p.a.# |
|---|---|---|---|---|---|---|
| IAEF – H Class* | 0.79% | -7.49% | -21.14% | 4.84% | 6.87% | 7.21% |
| MSCI India (Net) | -0.68% | -8.58% | -20.74% | 3.14% | 6.23% | 7.91% |
| Alpha | 1.48% | 1.10% | -0.40% | 1.70% | 0.64% | -0.70% |
| IAEF – H Class** | 0.52% | -8.05% | -22.15% | 3.24% | 5.36% | 6.37% |
| AUD Returns | 1 Month | 3 Month | 1 Year | 3 Years p.a. | 5 Years p.a. | Since Inception p.a.# |
|---|---|---|---|---|---|---|
| IAEF – L Class* | 0.56% | -7.91% | -21.64% | 3.77% | 5.92% | 8.60% |
| MSCI India (Net) | -0.68% | -8.58% | -20.74% | 3.14% | 6.23% | 8.50% |
| Alpha | 1.24% | 0.67% | -0.90% | 0.63% | -0.31% | 0.10% |
| IAEF – L Class** | 0.56% | -7.91% | -21.64% | 3.77% | 5.92% | 8.60% |
All returns are calculated in AUD terms
*Net of fees, but pre-capital gains and withholding taxes paid in India. Australian investors receive a partial credit of these taxes in their annual tax refund.
**Calculated based on NAV exit prices
#Inception dates for M Class is 06/09/2016, H Class is 06/04/2017 and L Class is 19/04/2021
Sector Breakdown
31st May 2026
Top 10 Holdings
31st May 2026
| Stock Name | Weight | Sector |
|---|---|---|
| Shriram Finance Ltd | 5.13% | Financials |
| HDFC Bank Ltd | 4.95% | Financials |
| Bharti Airtel Ltd | 4.79% | Communication Services |
| ICICI Bank Ltd | 4.23% | Financials |
| Axis Bank Ltd | 4.20% | Financials |
| Aurobindo Pharma Ltd. | 3.30% | Healthcare |
| Interglobe Aviation Ltd | 3.16% | Industrials |
| Infosys Ltd | 2.62% | Information Technology |
| Redington (India) Ltd. | 1.88% | Information Technology |
| HCL Technologies Ltd. | 1.80% | Information Technology |
| *31-05-2026 | ||