Morningstar Fund Report  | 23/04/2025Print

Alquity SICAV - Alquity Indian Subcontinent Fund GBP Y Class

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Alquity SICAV - Alquity Indian Subcontinent Fund GBP Y Class
Fund44.90.612.412.0-12.0
+/-Cat17.70.9-3.1-3.0-3.4
+/-B’mrk17.4-3.7-2.60.3-6.3
 
Category: India Equity
Category Benchmark: Morningstar India TME NR USD
Key Stats
NAV
17/04/2025		 GBP 260.00
Day Change 1.46%
Morningstar Category™ India Equity
IA (formerly IMA) Sector India/Indian Subcontinent
ISIN LU1070052268
Fund Size (Mil)
17/04/2025		 USD 61.65
Share Class Size (Mil)
17/04/2025		 GBP 9.44
Max Initial Charge 5.00%
Ongoing Charge
01/11/2024		  1.60%
Investment Objective: Alquity SICAV - Alquity Indian Subcontinent Fund GBP Y Class
The aim of the sub-fund is long term capital appreciation by investing at least two-thirds (2/3) of its net assets in:- (i) equity securities listed on the Regulated Markets of India, Pakistan, Sri Lanka and Bangladesh (collectively the “Indian Subcontinent Region”); (ii) equity securities listed on the Regulated Markets outside of the Indian Subcontinent Region whose issuers either have more than 50% of their assets, or have realized more than 50% of their revenue, net income and/or operating profit, in the Indian Subcontinent Region.
Returns
Trailing Returns (GBP)17/04/2025
YTD-10.75
3 Years Annualised4.62
5 Years Annualised18.51
10 Years Annualised-
12 Month Yield 0.00
Management
Manager Name
Start Date
Mike Sell
25/04/2014
Kieron Kader
01/09/2020
Inception Date
29/04/2015

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Not BenchmarkedMorningstar India TME NR USD
Portfolio Profile for  Alquity SICAV - Alquity Indian Subcontinent Fund GBP Y Class31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.650.0098.65
Bond0.000.000.00
Property0.000.000.00
Cash1.350.001.35
Other0.000.000.00
Top 5 Regions%
Asia - Emerging100.00
United States0.00
Canada0.00
Latin America0.00
United Kingdom0.00
Top 5 Sectors%
Consumer Cyclical32.63
Financial Services27.81
Industrials10.60
Technology10.05
Real Estate7.33
Top 5 HoldingsSector%
HDFC Bank LtdFinancial ServicesFinancial Services6.51
ICICI Bank LtdFinancial ServicesFinancial Services6.44
Infosys LtdTechnologyTechnology4.50
Lemon Tree Hotels LtdConsumer CyclicalConsumer Cyclical4.39
Mahindra & Mahindra LtdConsumer CyclicalConsumer Cyclical4.11
Increase Decrease New since last portfolio
Alquity SICAV - Alquity Indian Subcontinent Fund GBP Y Class
Growth Of 1000 (GBP) 31/03/2025
Fund:  Alquity SICAV - Alquity Indian Subcontinent Fund GBP Y Class
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-14.58-12.1910.2844.940.5812.4112.02-12.00
+/- Category-7.36-13.320.3317.660.87-3.09-3.03-3.44
+/- Category Index---17.38-3.68-2.640.30-6.28
% Rank in Category899846347656487
Trailing Returns (GBP)17/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day1.46   -0.151.24
1 Week5.17   2.131.99
1 Month6.71   6.136.29
3 Months-8.85   -4.75-5.40
6 Months-10.77   -3.69-3.20
YTD-10.75   -2.12-4.84
1 Year-1.89   0.312.53
3 Years Annualised4.62   -2.97-2.42
5 Years Annualised18.51   1.530.25
10 Years Annualised-   --
 
Category: India Equity
Category Index: Morningstar India TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-12.00---
20240.3613.62-2.690.95
2023-6.1510.106.562.10
2022-3.18-3.7815.65-6.65
20219.6812.8515.191.66
2020-28.7219.3812.3515.36
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageBelow Average2 star
5-YearAbove AverageAverage4 star
10-Year--Not Rated
OverallAverageAverage3 star
 
Category :  India EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev13.99 %
3-Yr Mean Return5.79 %
 
3-Yr Sharpe Ratio0.12
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar India TME NR USD  Morningstar India TME NR USD
3-Yr Beta0.810.81
3-Yr Alpha-2.39-2.39
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 8897-
Market Capitalisation% of Equity
Giant35.83
Large29.93
Medium13.05
Small19.33
Micro1.86
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings23.411.29
Price/Book2.371.15
Price/Sales2.290.87
Price/Cash Flow19.441.63
Dividend-Yield Factor1.140.96
 
Long-Term Projected Earnings Growth15.340.71
Historical Earnings Growth18.380.86
Sales Growth17.091.25
Cash-Flow Growth19.622.86
Book-Value Growth19.560.99
 
Category: India Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.650.0098.65
Bond0.000.000.00
Property0.000.000.00
Cash1.350.001.35
Other0.000.000.00
World Regions31/03/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.00-
Latin America0.00-
United Kingdom0.00-
Eurozone0.00-
Europe - ex Euro0.00-
Europe - Emerging0.00-
Africa0.00-
Middle East0.00-
Japan0.00-
Australasia0.00-
Asia - Developed0.00-
Asia - Emerging100.001.01
 
Category: India Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials3.090.54
Consumer CyclicalConsumer Cyclical32.632.17
Financial ServicesFinancial Services27.810.97
Real EstateReal Estate7.332.73
Consumer DefensiveConsumer Defensive5.360.84
HealthcareHealthcare3.120.35
IndustrialsIndustrials10.601.04
TechnologyTechnology10.050.88
 
Category: India Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings43
Total Number of Bond Holdings0
Assets in Top 10 Holdings41.24
NameSectorCountry% of Assets
HDFC Bank Ltd103India6.51
ICICI Bank Ltd103India6.44
Infosys Ltd311India4.50
Lemon Tree Hotels Ltd102India4.39
Mahindra & Mahindra Ltd102India4.11
Tata Consultancy Services Ltd311India3.40
Aditya Vision Ltd102India3.12
Dabur India Ltd205India3.00
Skipper Ltd310India2.99
Le Travenues Technology Ltd102India2.79
 
Increase Decrease New since last portfolio
Category: India Equity
 
Management
Name of CompanyAlquity Investment Management Limited
Phone+44 (0) 20 7557 7850
Websitewww.alquity.com
AddressAlquity Investment Management Limited
 London   6XF
 United Kingdom
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date29/04/2015
Fund Advisor(s)
Alquity Investment Management Limited
Fund ManagerMike Sell
Manager Start Date25/04/2014
Career Start Year1997
Education
Southampton University, BSc
 
Biography
Mike joined Alquity in 2014. Mike has 25+ years of relevant industry experience. He holds a First Class BSc in Economics from Southampton University and was awarded the Pearce Rowan prize. He joined Baring Asset Management as a graduate trainee in 1994, where he became a member of the Emerging Market Asset Allocation Committee. Mike then joined Thames River/Nevsky Capital where he was subsequently appointed a partner and was part of the team that grew the Emerging market equity assets from approximately US$150m to US$3.5bn, before moving to F&C with the long only Emerging Market business in 2011. Mike manages the Alquity Future World and Alquity India Funds. He has driven the development of our ESG investment process across Emerging Markets since 2014.
Fund ManagerKieron Kader
Manager Start Date01/09/2020
Career Start Year2014
Education
University of Southhampton, BSc
 
Biography
Kieron joined Alquity in 2019 from BP where he performed a variety of roles at one of the largest pension funds in the UK. He spent two years as a Global Emerging Markets Equity Analyst, and also covered Developed Market equities, UK property and multi-asset risk. He passed the three Chartered Financial Analyst exams with first time passes. He has a BSc Economics (1st Class) from the University of Southampton, and an MSc Economics (Distinction) from University College London (UCL). He was promoted to Associate Portfolio Manager in 2020 and has over 9 years of investment experience.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.90%
Ongoing Charge1.60%
Purchase Details
Minimum Investments
Initial2500000  GBP
Additional500  GBP
Savings-
Tax Free Savings Schemes
ISAsYes