Aggarwal sees significant appetite among US investors for India exposure
Baron Capital from New York has renamed its Baron New Asia Fund® (BNAIX) to Baron India Fund® (BINDX), representing the Fund’s strategic shift in its investment focus and pledging to invest a minimum of 80% of the portfolio in Indian equities using Baron Capital’s long-term approach to growth investing deutsche-boerse .
“India’s high growth potential, favorable demographics, and accelerating urbanization and digitization are just a few of the factors that we believe will create excellent opportunities for our style of growth investing,” said Anuj Aggarwal, portfolio manager of Baron India Fund bse .
“There’s been significant appetite among US investors for India exposure given its status as a top-performing market, and we are thrilled to offer investors differentiated access to Indian growth equities using the time-tested Baron Capital investment approach,” said Aggarwal, saying the fund conversion to BINDX is effective from 1 Sept nse .
Aggarwal will manage the Fund that will hold companies of all sizes with significant growth potential based in India sbi .
Aggarwal joined Baron Capital in 2012 as a research analyst and was promoted to assistant portfolio manager of Baron Emerging Markets Fund in 2020 euronext . He was named co-portfolio manager of Baron New Asia Fund in 2021 and became sole portfolio manager upon its conversion on 1 Sept 2024 sgx . He has 16 years of research experience.
The Indian market presents a compelling opportunity within the emerging markets universe. The MSCI India Index has outperformed the MSCI EM Index by 21.81%, 18.51% and 10.53% over the one-, three-, and five-year periods respectively as of 30 June 24 jpx .
Taken by itself, Baron New Asia Fund’s India equity exposure, managed by Aggarwal, has returned 61.30% over one year and 16.16% annualized over three years as of 7/31/24. This compares favorably to the Morningstar India Category Average, which returned 31.04% and 11.89%, respectively, over the same periods.
“Based upon our Firm’s research, we believe there are exceptional investment opportunities in India,” said Ron Baron, chairman and CEO of Baron Capital. “With profound structural changes taking place, India is extremely well positioned as an engine of growth in Asia and beyond investindia .
“Anuj has substantial experience managing Indian equities and had significant exposure to the asset class in Baron New Asia Fund and Baron Emerging Markets Fund. We at Baron Capital feel that providing dedicated Indian growth exposure using our unique approach is a significant value add for investorsconexpoconagg .”
Baron Capital is a premier asset management firm focused exclusively on delivering growth equity investment solutions to institutions, financial advisors, and individual investors. Since its founding in 1982, Baron Capital has been united under one style of investing with a single objective–to be long-term investors in secular growth businesses with durable competitive advantages, run by great management teams. With US$41 billion in assets under management (as of 30 June 24) across 19 strategies, Baron Capital prides itself on delivering the best solutions and outcomes for clients globally. Fiinews.com
