The fund launched on UTI’s Irish platform
The first ever Indian multi- asset fund in UCITS format has been launched by UTI International Singapore Ltd this month. The fund is called UTI India Balanced Fund (IBF) and has been launched on UTI’s Irish platform.
While there have been a plethora of funds that invest in either Indian equities or Indian Fixed Income, the IBF will be the first that dynamically allocates between these two asset classes. UTI already has two Ireland domiciled UCITS funds, one each for Indian equity and Indian fixed income.
The IBF is aimed at that segment of global investors who are keen to participate in India’s growth in a defensive way. This fund is designed to provide risk-adjusted Indian equity exposure, using an active asset allocation strategy, with downside protection through income from Indian debt.
The Equity component of the Balanced Fund mirrors our Multi-Cap Growth strategy visible in the long standing Shinsei UTI India fund. It exhibits high-conviction, bottom up stock selection with very low turnover. This fund has outperformed the MSCI India Index by approximately 6.5% during the 3 years ended 30th April 2018.
The Fixed Income component represents our flagship UCITS UTI Indian Fixed Income Fund. This strategy aims to generate total returns with moderate levels of credit risk by investing in a mix of Sovereign and Non-sovereign debt. The drivers of return include both active management of Carry as well as duration management. This fund, upon its launch in 2012 was recognized with the “Most Innovative Fund” award by Asia Asset Magazine. Its performance continues to be consistently in the top quartile.
Praveen Jagwani, CEO of UTI International said, “With India having become the fastest growing large economy in the world, global investors are re-examining ways in which to invest in India. This Multi-Asset fund meets an important gap in the market for international investors seeking a Balanced and Defensive exposure”
Fund Details:
Name: UTI India Balanced Fund.
Domiciles: Ireland.
Base Currency: US dollar.
Type of Fund: UCITS-compliant open ended Equity & Debt fund.
Liquidity: Daily.
About UTI International (Singapore) Private Ltd
UTI International Singapore Private Ltd is the flagship company representing the offshore interests of UTI AMC. It helps global investors invest in India. Current investors include private banks, family offices, Insurance companies, pension funds and other financial institutions.
UTI Asset Management Company (UTI AMC) is one of India’s largest Money Manger and the leading manager of Indian Equities, Fixed Income and Private Equity currently. With a robust investment process that has withstood the test of time. As a group, UTI has an AUM of USD 52.42 billion and manages money for more than 10 million clients. fii-news.com
