
The journey towards the “birth” of India Avenue originated in 2005, when ING Investment Management started a business in India as a separate division, utilising a practiced multi-manager philosophy in markets like Australia, and exported it to India. Three of our founders, Mugunthan Siva, Rajeev Thakkar and Sajjan Raut Desai worked together for INGIM (India), building investment strategies and structures, under this philosophy and applying them to Indian capital markets
In 2011 our founders started discussing the possibility of building an investment firm with a capability to provide a focus on India as an stand-alone investment jurisdiction for foreign investors. The founders identified Australia and New Zealand as nascent markets for investing in regional locations, with the potential to accelerate given education and insights which the firm could provide.


By 2015 the group of founders decided to work full-time on this concept to bring it to life. They did this by leaving their existing employment, thus exercising high conviction in the investment region of India as a long-term structural story for investors in Australia and New Zealand. Thus, the firm India Avenue Investment Management was registered and came to life in 2015 in Sydney, Australia.
After building our business for a period of 12 months, our first fund, The India Avenue Equity Fund was launched on 6th September 2016, with strong service provider partners like Equity Trustees (RE), Mainstream (Fund Administrator), KPMG (Fund Auditor) and BNP India (Custodian).


We launched the India 2030 fund for sophisticated investors seeking, high conviction in India's growth story, explored through 3-5 themes.
We run a physical tour to India once a year which is attended by our existing clients, prospective clients, consultants, researchers, family office professionals, HNW investors and media. Our Tours have been conducted in 2018, 2019 and 2023 and have visited the cities of Mumbai, Pune, Delhi, Bengaluru. Our next tour is likely to be held in early 2024.


Write - India Avenue launched an Active ETF, as a unit class of the India Avenue Equity Fund. The Active ETF is listed on the Cboe Exchange and is easily accessible for direct investors.
India Avenue is a boutique investment firm, with approximately A$180m in two investment products, with clients spread across family offices, high net worth individuals, financial planning and wealth management firms in both Australia and New Zealand. The India Avenue Equity Fund is rated "Recommended" by Lonsec Research and is available on multiple platforms.

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