Ashmore India Equity Fund

Returns

Gross of fees, as Ashmore Investment Management India reports them, to 30 Sep 2026. AIFs report returns on different bases, so compare like with like.

Fund details

Category

Category III

Strategy

Long-only

Market-cap style

Multi / flexi cap

Asset type

—

Benchmark

NIFTY 500 & Debt Composite Index

Fund manager

Rashi Talwar Bhatia & Arpit Kapoor

Investment approach

"The investment objective of the Fund is to carry out the activities of a Category III AIF as permitted under the AIF Regulations. The Fund is a long only Fund and will seek to access the returns available from equity and equity related instruments issued by corporates located in India, including voting and non-voting common stock, common stock issued to special shareholder classes and preferred stock, denominated in any currency. The Fund will invest in listed and pre-IPO equity assets of issuers which have announced their intention to list the equities on the Indian stock exchange within 12 months from announcement. The Investment Manager / Sponsor is a foreign owned and controlled entity and accordingly the Fund shall make portfolio investment in only those securities or instruments as permitted under Applicable Law. Currently, the Fund is permitted to invest only in securities and instruments where a ‘Foreign Portfolio Investor’ is allowed to invest under the SEBI Act, rules or regulations made thereunder and accordingly the Fund may from time to time invest in Real Estate Investment Trusts (“REITs”), and Infrastructure Investment Trusts (“InvITs”).

"The investment objective of the Fund is to carry out the activities of a Category III AIF as permitted under the AIF Regulations. The Fund is a long only Fund and will seek to access the returns available from equity and equity related instruments issued by corporates located in India, including voting and non-voting common stock, common stock issued to special shareholder classes and preferred stock, denominated in any currency. The Fund will invest in listed and pre-IPO equity assets of issuers which have announced their intention to list the equities on the Indian stock exchange within 12 months from announcement. The Investment Manager / Sponsor is a foreign owned and controlled entity and accordingly the Fund shall make portfolio investment in only those securities or instruments as permitted under Applicable Law. Currently, the Fund is permitted to invest only in securities and instruments where a ‘Foreign Portfolio Investor’ is allowed to invest under the SEBI Act, rules or regulations made thereunder and accordingly the Fund may from time to time invest in Real Estate Investment Trusts (“REITs”), and Infrastructure Investment Trusts (“InvITs”).

About the fund manager

Ms Rashi Talwar Bhatia — Fund Manager

Head of Ashmore’s India office and is responsible for managing long-only India equity mandates. Rashi joined the Ashmore India team in 2007 as a senior research analyst and became a Co-Portfolio Manager in 2011. In January 2022, Rashi became the lead Portfolio Manager and is also Chair for the India sub-Investment Committee. With over 20 years of Indian equity market experience, she is skilled in combining macro top-down view with a bottom-up analysis to generate investment ideas for the portfolio. Before joining Ashmore, she had worked in multiple roles in Kotak Institutional Equities and Motilal Oswal from 2001 to 2007. Rashi holds an undergraduate degree in Economics from Hindu College, Delhi University and an MBA from Owen School of Management, Vanderbilt University, USA

Mr Arpit Kapoor — Fund Manager

Investment Professional, has been in equity markets for over 15 years. He joined Ashmore in March 2022 as a co-Portfolio Manager. Prior to that, Arpit worked at IDFC Asset Management Company as a Fund Manager and managed IDFC Balanced Advantage Fund and IDFC Large Cap Fund. He started his equity market career with UTI AMC as an analyst in 2009. Arpit holds an MBA from the Indian Institute of Management, Kozhikode (IIM-K) and is a CFA charter holder.

As the fund house describes it.