Morningstar Fund Report  | 07/04/2025Print

Goldman Sachs India Equity Portfolio R Acc USD

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Goldman Sachs India Equity Portfolio R Acc USD
Fund36.6-4.718.923.3-11.9
+/-Cat9.3-4.43.48.2-3.4
+/-B’mrk9.1-9.03.911.6-6.2
 
Category: India Equity
Category Benchmark: Morningstar India TME NR USD
Key Stats
NAV
04/04/2025		 USD 36.72
Day Change -0.78%
Morningstar Category™ India Equity
ISIN LU0830624010
Fund Size (Mil)
04/04/2025		 USD 4499.74
Share Class Size (Mil)
04/04/2025		 USD 349.37
Max Initial Charge -
Ongoing Charge
14/02/2025		  1.04%
Morningstar Research
Analyst Report23/06/2024
Ramanand Kothari, Senior Analyst
Morningstar, Inc

Goldman Sachs India Equity continues to boast an impressive lead manager and a well-codified and time-tested investment approach. However, the ongoing analyst turnover warrants continued caution. The Morningstar Analyst Ratings for the cheaper...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People23
Parent23
Process24
Performance
Price
Investment Objective: Goldman Sachs India Equity Portfolio R Acc USD
The Portfolio seeks long-term capital appreciation by investing primarily in equity securities of Indian companies.
Returns
Trailing Returns (GBP)04/04/2025
YTD-14.40
3 Years Annualised6.34
5 Years Annualised21.53
10 Years Annualised10.37
12 Month Yield 0.00
Management
Manager Name
Start Date
Hiren Dasani
19/04/2017
Inception Date
03/12/2012

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI India IMI NR USDMorningstar India TME NR USD
Portfolio Profile for  Goldman Sachs India Equity Portfolio R Acc USD28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.660.0098.66
Bond0.000.000.00
Property0.000.000.00
Cash1.340.001.34
Other0.000.000.00
Top 5 Regions%
Asia - Emerging98.51
United States1.49
Canada0.00
Latin America0.00
United Kingdom0.00
Top 5 Sectors%
Financial Services25.90
Consumer Cyclical15.51
Technology15.47
Healthcare9.50
Industrials8.74
Top 5 HoldingsSector%
ICICI Bank LtdFinancial ServicesFinancial Services6.37
Infosys LtdTechnologyTechnology4.34
Reliance Industries LtdEnergyEnergy4.16
Bajaj Finance LtdFinancial ServicesFinancial Services3.44
Bharti Airtel LtdCommunication ServicesCommunication Services3.13
Increase Decrease New since last portfolio
Goldman Sachs India Equity Portfolio R Acc USD
Growth Of 1000 (GBP) 31/03/2025
Fund:  Goldman Sachs India Equity Portfolio R Acc USD
Category:  India Equity
Category Index:  Morningstar India TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-10.553.2317.0936.63-4.7118.9223.29-11.92
+/- Category-3.332.097.139.35-4.423.418.25-3.36
+/- Category Index---9.07-8.963.8711.57-6.19
% Rank in Category773713138023986
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.78   -0.371.64
1 Week-2.56   -0.132.46
1 Month2.46   -1.061.97
3 Months-16.33   -3.31-5.66
6 Months-12.93   -2.190.28
YTD-14.40   -3.15-3.94
1 Year-0.58   1.907.19
3 Years Annualised6.34   0.561.17
5 Years Annualised21.53   2.713.60
10 Years Annualised10.37   2.091.24
 
Category: India Equity
Category Index: Morningstar India TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-11.92---
20245.0912.192.561.95
2023-6.8610.409.485.64
2022-2.96-10.8917.74-6.41
20216.0510.4515.111.35
2020-25.2419.8414.3814.26
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAbove AverageAbove Average3 star
5-YearAbove AverageAbove Average4 star
10-YearAbove AverageAbove Average4 star
OverallAbove AverageAbove Average4 star
 
Category :  India EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev14.90 %
3-Yr Mean Return9.41 %
 
3-Yr Sharpe Ratio0.34
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar India TME NR USD  Morningstar India TME NR USD
3-Yr Beta0.900.90
3-Yr Alpha0.750.75
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 11430-
Market Capitalisation% of Equity
Giant34.99
Large32.59
Medium25.63
Small5.95
Micro0.84
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings22.331.33
Price/Book2.761.42
Price/Sales2.721.12
Price/Cash Flow19.211.68
Dividend-Yield Factor0.860.65
 
Long-Term Projected Earnings Growth18.990.96
Historical Earnings Growth20.050.92
Sales Growth13.841.02
Cash-Flow Growth11.671.78
Book-Value Growth17.760.92
 
Category: India Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.660.0098.66
Bond0.000.000.00
Property0.000.000.00
Cash1.340.001.34
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States1.492.11
Canada0.00-
Latin America0.00-
United Kingdom0.000.00
Eurozone0.00-
Europe - ex Euro0.00-
Europe - Emerging0.00-
Africa0.00-
Middle East0.00-
Japan0.00-
Australasia0.00-
Asia - Developed0.00-
Asia - Emerging98.510.99
 
Category: India Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials6.891.22
Consumer CyclicalConsumer Cyclical15.511.00
Financial ServicesFinancial Services25.900.93
Real EstateReal Estate2.270.83
Consumer DefensiveConsumer Defensive4.540.73
HealthcareHealthcare9.501.07
UtilitiesUtilities1.390.81
Communication ServicesCommunication Services5.021.23
EnergyEnergy4.760.97
IndustrialsIndustrials8.740.84
TechnologyTechnology15.471.27
 
Category: India Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings117
Total Number of Bond Holdings0
Assets in Top 10 Holdings32.55
NameSectorCountry% of Assets
ICICI Bank Ltd103India6.37
Infosys Ltd311India4.34
Reliance Industries Ltd309India4.16
Bajaj Finance Ltd103India3.44
Bharti Airtel Ltd308India3.13
Zomato Ltd Common Stock Inr1.0-2.54
Mahindra & Mahindra Ltd102India2.32
Axis Bank Ltd103India2.29
HDFC Bank Ltd103India1.98
Sun Pharmaceuticals Industries Ltd206India1.97
 
Increase Decrease New since last portfolio
Category: India Equity
 
Management
Name of CompanyGoldman Sachs Asset Management B.V.
Phone+31-703781781
Websitehttps://am.gs.com/
AddressPrinses Beatrixlaan 35
 Den Haag   2595 AK
 Netherlands
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date03/12/2012
Fund Advisor(s)
Goldman Sachs Asset Management International
Fund ManagerHiren Dasani
Manager Start Date19/04/2017
 
Biography
Hiren Dasani is the co-head of GSAM’s Emerging Markets Equity team and a portfolio manager for GSAM’s Emerging Markets Equity and India Equity strategies. Mr. Dasani joined GSAM’s India Equity Research team in January 2007 from SSKI Securities.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.85%
Ongoing Charge1.04%
Purchase Details
Minimum Investments
Initial3000  GBP
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes