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India / Indian Subcontinent
M&G India Fund
Managed by M&G Securities LimitedPart of M&G Investment Funds (10)
Latest factsheet
Jul 2026
Fund size
£12.8m
Yearly charge
0.75%
Manager fee
–
Income yield
0.15%
Holdings
60
Launched
28 Oct 2024
The fund aims to provide combined income and capital growth that is higher than that of the Indian stockmarket (as measured by the MSCI India Index), net of the ongoing charge figure, over any five-year period. At least 80% of the fund is invested in the shares and equity-related instruments of companies that are incorporated, listed, domiciled or do most of their business in India. Stock selection is driven by in-depth analysis of companies in order to identify opportunities arising from significant deviation of the stock price from what the manager estimates to be the value of the company’s shares. The fund manager uses independent, proprietary research to identify opportunities from the investment universe.
Vikas Pershad (Fund manager) · Jamie Zhou (Deputy fund manager)
Calendar-year performance
| 2026 |
|---|
| -8.00% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | HDFC Bank | 7.90% | |
| 2 | Bharti Airtel | 5.70% | |
| 3 | Reliance Industries | 5.10% | |
| 4 | ICICI Bank | 4.80% | |
| 5 | Mahindra and Mahindra | 4.50% | |
| 6 | Infosys | 3.80% | |
| 7 | Axis Bank | 3.30% | |
| 8 | Bharat Electronics | 2.60% | |
| 9 | SUN Pharmaceutical Industries | 2.60% | |
| 10 | Tata Steel | 2.50% |
Portfolio breakdown
Sector
| Financials | 27.60% | |
| Industrials | 16.10% | |
| Consumer discretionary | 12.10% | |
| Health care | 10.80% | |
| Communication services | 9.20% | |
| Energy | 6.80% | |
| Information technology | 6.30% | |
| Materials | 3.50% | |
| Real Estate | 3.10% | |
| Consumer staples | 2.40% | |
| Cash | 1.30% | |
| Utilities | 0.80% |
Geography
| India | 97.50% | |
| Cash | 1.30% | |
| US | 1.20% |
Market cap
| Mega cap (> $50bn) | 26.30% | |
| Large cap ($10 - $50bn) | 52.60% | |
| Mid cap ($2 - $10bn) | 10.10% | |
| Small cap (< $2bn) | 9.70% | |
| Cash | 1.30% |
Share classes
| Class | ISIN | SEDOL | Type | Hedged | Manager fee | Yearly charge | Minimum |
|---|---|---|---|---|---|---|---|
| Sterling A Acc | GB00BSD47Q95 | – | acc | – | – | 1.15% | £500 |
| Sterling A Inc | GB00BSD47R03 | – | inc | – | – | 1.15% | £500 |
| Sterling I Acc | GB00BSD47L41 | – | acc | – | – | 0.75% | £500k |
| Sterling I Inc | GB00BSD47M57 | – | inc | – | – | 0.75% | £500k |
| Sterling L Acc | GB00BSD3S293 | – | acc | – | – | 0.55% | £20.0m |
| Sterling L Inc | GB00BSD47H05 | – | inc | – | – | 0.55% | £20.0m |
| Sterling R Acc | GB00BSD47N64 | – | acc | – | – | 1.00% | £500 |
| Sterling R Inc | GB00BSD47P88 | – | inc | – | – | 1.00% | £500 |
| – | GB00BSD47J29 | – | – | – | – | – | – |
| – | GB00BSD47K34 | – | – | – | – | – | – |
Source factsheets
| Month | Published by the manager | Read on |
|---|---|---|
| Jul 2026 | View original factsheet ↗ | 22 Aug 2026 |