3 Top Rated India Funds

India marks 70 years of independence this week, and prospects are brighter than ever for the country. We highlight three top rated funds

Morningstar Analysts 16 August, 2017 | 7:06AM

First State Indian Subcontinent

We believe First State Indian Subcontinent deserves to be viewed as best in class, says Morningstar analyst Mark Laidlaw. 

There is much to like here, not least Vinay Agarwal, who has been lead manager since August 2012, and the team at First State Stewart Asia. Agarwal’s depth of analysis is impressive not only when looking at the major macro issues that drive the Indian economy, but especially when getting down to the nitty gritty at the stock level.

The process has been consistently (and successfully) applied across all strategies managed by the team. Preferred companies are those that have quality and trustworthy management, have sustainable earnings drivers and are not trading at inflated valuations. It’s no surprise that that most of the investable universe fail to meet the exacting standards set down by the investment team.

The portfolio’s holdings provides an insight into how the team thinks--the end portfolio bears little resemblance to either the wider peer group or the MSCI India Index. The fund holds Morningstar’s highest analyst rating of Gold.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
JPMorgan Indian Ord633.60 GBX-1.16

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