Key Facts

Fund type

Unit Trust

Date of Launch

March 2004

Base Currency

SGD

Authorised for Sale

Singapore

Team

Asian Equities Team

Literature

Historical Factsheets

Other Equities Funds

Aberdeen India Opportunities Fund

Objective

Aims to achieve long term capital growth by investing all or substantially all of its assets in the Aberdeen Global – Indian Equity Fund (the “underlying fund”), a sub-fund of the Luxembourg-registered Aberdeen Global, which invests at least two-thirds of its assets in equities and equity-related securities of companies with their registered office in India; and/ or, of companies which have the preponderance of their business activities in India; and/or, of holding companies that have the preponderance of their assets in companies with their registered office in India. The current investment policy of the underlying fund, into which the Aberdeen India Opportunities Fund feeds, is to invest in India via a Mauritian subsidiary. Investors should refer to the prospectus for further information on the Mauritian subsidiary.

Manager's Monthly Report

May 2013

Indian equities rose in April on hopes that easing price pressures will spur policymakers to further loosen monetary policy. At the time of writing, the central bank cut its benchmark repo rate by 25 basis points to 7.25%.
The current account deficit rose to a record in the December-quarter.
The local car market contracted in the year to March as high borrowing costs and fuel prices dampened demand. Manufacturers responded by cutting production and tapping the export market.
In portfolio-related news, Anglo-Dutch company Unilever made an offer to increase its stake in our holding Hindustan Unilever to 75% in a deal worth US$5.4 billion. Separately, the local subsidiary reported solid full-year sales and profits, with all segments delivering good operating profi ts. Healthy domestic and Indonesian revenues bolstered Godrej Consumer Products’s final quarter, while robust loan growth boosted ICICI Bank and HDFC Bank. Tata Consultancy Services’s full-year net earnings grew 34%, whereas Infosys reported a more modest expansion of 8% as it continued to restructure its business to regain growth momentum. Meanwhile, the economic slowdown affected March quarter-end sales for Hero MotoCorp, Castrol India and UltraTech Cement.
In April, we continued to build our position in cement maker ACC.

Download Manager's Monthly Report

Privacy and Cookies Policy
The attention of users is drawn to Aberdeen’s Privacy and Cookies Policy which includes details on the use of performance, identification and targeting cookies (both our own and third parties) to enhance the functionality of the web-site, to enable the Group to monitor usage and to assist with future communications. By continuing to use this site users will be deemed to have accepted this policy and the use of cookies for these limited purposes only.

Important: The information is provided on a general basis for information purposes only, and is not to be relied on as advice, as it does not take into account the investment objectives, financial situation or particular needs of any specific investor.

Investments in and the rates of returns for unit trusts are not deposits in, obligations of, guaranteed or insured by Aberdeen Asset Management Asia Limited (“Aberdeen Asia”), the Aberdeen Group or any of its appointed distributors. Investments in unit trusts are subject to investment risks, including the possible loss of any principal amount invested. Unit values and any income therefrom may fall or rise. Past performance and any forecasts made are not necessarily indicative of future or likely performance of such fund(s).

Investors should read the prospectus of the fund(s) as well as the relevant product highlights sheet, available from Aberdeen Asia or its website at www.aberdeen-asia.com or any of its appointed distributors, before making any investment commitment, and consider the suitability of any fund for his or her own needs or seek independent advice from a financial adviser.

The fund(s) as well as their underlying fund(s) may use or invest in financial derivative instruments. Please refer to the prospectus of the fund(s) for more information.

The information and materials on this website are solely for use by Singapore residents.

There are important legal and regulatory restrictions which apply to this website. These are laid out in the Legal section which you are advised to read before proceeding. By proceeding, you are representing that you have understood and accepted the restrictions set out in the Legal section.

Third party websites provided by hyperlinks on this website are completely beyond the control of Aberdeen Asia. Accordingly, Aberdeen Asia accepts no responsibility for the accuracy, completeness and legality of the contents of such third party website, or for any offers, services and products contained therein.

Aberdeen Asset Management Asia Limited, Registration Number 199105448E