The firm has removed a 4% upfront charge first introduced on 1 January 2012 to discourage investors and prevent the fund growing too large.
Now with AUM of £262.3m, the fund has reopened after the size of the Indian stock market doubled since the 2012, Stewart Investors said, offering a far wider range of opportunities for investors.
Portfolio Manager Sashi Reddy, member of the Sustainable Funds Group, said: “Over 100 companies have listed on the Indian stock market since the soft-closing of the fund and the overall size of the market has doubled.
“As a result, our universe of quality companies has grown substantially. Bangladesh, Pakistan and Sri Lanka have also seen further listings, widening the range of investment opportunities in the subcontinent.”
At the time of the 2012 soft-close the fund was branded under the First State name but was renamed to Stewart Investors in November 2015.
Since November 2011 to date, the fund has returned 129.1%. The Investment Association’s specialist sector returned 35% over the same period.
Funds under management at Steward Investors stood at £22.6bn as of 30 September this year.
