"Our journey is powered by conviction, guided by insight, and strengthened by India's rise"
Our Roots
India Avenue’s story began in 2005 when ING Investment Management established its India business, bringing a proven multi‑manager investment philosophy from markets such as Australia. During this time, founders Mugunthan Siva, Rajeev Thakkar and Sajjan Raut Desai worked together at INGIM (India), designing strategies and building institutional‑grade investment structures tailored to India’s unique market dynamics. Their shared experience, combining global discipline with deep local insight, laid the foundation for India Avenue. The firm was created to connect global investors with India’s growth story through informed, research‑driven and locally grounded investment solutions.
Founding Vision
Between 2011 and 2015, India Avenue was philosophically conceived by former ING Investment Management colleagues who believed India should be viewed as a stand‑alone investment destination. During this time, the founders explored creating a firm dedicated to giving global investors focused access to India’s growth story. They identified Australia and New Zealand as early‑stage markets where education, insights and on‑the‑ground expertise could unlock meaningful demand. These discussions became the blueprint for India Avenue, a specialist investment firm built to connect foreign investors with India’s long‑term opportunities.
The Birth of India Avenue
In 2015, the founders made the decision to pursue India Avenue full‑time, leaving their existing roles to bring the vision to life. Their conviction in India as a long‑term structural opportunity for investors in Australia and New Zealand drove them to establish a dedicated, specialist firm. That year, India Avenue Investment Management was formally registered in Sydney, marking the beginning of a business built on belief, expertise and a commitment to connecting global investors with India’s growth story.
2016
Launching our first Fund
After 12 months of building the business, we launched our first fund: the India Avenue Equity Fund, on 6 September 2016. This marked a significant milestone in bringing our vision to life. The fund was established with the support of leading service partners who shared our commitment to high‑quality governance and operational excellence. Equity Trustees joined as Responsible Entity, Mainstream as Fund Administrator, KPMG as Fund Auditor and BNP India as Custodian. Their involvement ensured a strong institutional foundation for delivering specialist access to India’s growth story.
2018
Industry Recognition
The India Avenue Equity Fund has maintained a “Recommended” independent research rating for seven consecutive years which is a testament to our disciplined investment process, robust governance framework and consistent delivery against our objectives. This sustained external endorsement reinforces the quality of our approach and strengthens the fund’s credibility with advisers and investors seeking specialist access to India’s growth story. It reflects the trust placed in our team, the repeatability of our process and our commitment to providing high‑quality, research‑driven exposure to one of the world’s most compelling long‑term markets.
2022
The India 2030 Fund
The India 2030 Fund is a high‑conviction portfolio designed for sophisticated investors seeking targeted exposure to India’s long‑term structural growth. The fund invests through 3–5 forward‑looking themes that reflect India’s evolving economy, including demographics, consumption, innovation and infrastructure. With a research‑driven approach and deep on‑the‑ground insights, the India 2030 Fund aims to identify companies best positioned to benefit from India’s transformation through to 2030 and beyond. The strategy is built to capture enduring structural shifts rather than short‑term cycles, offering investors a focused pathway to participate in India’s next decade of growth.
2023
Experiencing India Firsthand
The Grassroots India Tour is an immersive, on‑the‑ground experience that gives investors a firsthand view of India’s economic and corporate landscape. Held annually, it brings together clients, prospective investors, consultants, researchers, family offices and media to meet companies, policymakers and industry leaders. We have conducted tours in 2018, 2019, 2022, 2023, 2024 and 2025, visiting key hubs including Mumbai, Delhi, Pune, Bengaluru, Hyderabad and Chennai. By engaging directly with management teams and witnessing India’s growth drivers up close, participants gain deeper insight into the opportunities and structural trends shaping India’s future.
2025
Launch of an Active ETF
The launch of our Active ETF marked an important step in expanding access to India Avenue’s investment capabilities. Structured as a unit class of the India Avenue Equity Fund and listed on the Cboe Exchange, the ETF provides investors with a simple, transparent and easily accessible way to gain exposure to India’s growth story. By combining active management with the convenience of an exchange‑traded vehicle, the Active ETF broadens our reach and enables a wider range of investors to participate in our specialist approach to Indian equities.
Now
2026
India Avenue manages specialist strategies designed to help foreign investors harness India’s long‑term growth story. With a mature fund offering, strong research ratings, broad platform availability and an Active ETF providing accessible market entry, our infrastructure is now fully established. Supported by deep expertise, a disciplined investment philosophy and a clear focus on India’s structural transformation, we are positioned to scale meaningfully in the years ahead. As India’s economy continues to evolve and expand, India Avenue remains committed to delivering high‑quality, research‑driven access for global investors.