M&G Investments has launched the M&G India Fund, which aims to outperform the MSCI India Index over any five-year period.
The strategy will have between 50 to 80 stocks and will be managed by Vikas Pershad, who holds over two decades of experience investing in India. He is part of the Asia Pacific Equity investment team, which manages near $25bn.
“As one of the world’s most transformative economies, India is at a pivotal moment and presents a unique investment opportunity. From the rise of globally competitive tech firms to domestic leaders driving modernisation across industries, Indian businesses are capitalising on structural shifts in the economy,” Pershad said.
“Our investment strategy is firmly rooted in the belief that India is not just a buy-and-hold market. Success in this vibrant economy demands an active management approach. The fund focuses on identifying these forward-thinking companies, ensuring investors gain exposure to the dynamic forces shaping India’s future.”
The launch is part of M&G’s push to create more diverse investment options for its UK wealth management sector. It follows the launch of the M&G China fund last September.
Alex Matcham, head of UK Wholesale sales, said: “The launch of M&G’s India fund completes our comprehensive Asian fund line up, alongside our established Asia Ex-Jap, Japan and China strategies, offering clients a full spectrum of opportunities across the region.
“We believe UK investors will continue to allocate to Asia, driven by the region’s dynamic growth and the pursuit of greater international diversification.”