|
Investment objective of the underlying fund
|
The investment objective of the underlying fund is to generate long-term capital growth by investing through the UCITS principally in companies established in or operating in India. The underlying fund will acquire Units in the class F USD shares of the UCITS.
The UCITS is a sub-fund of RAMS Equities Portfolio Fund, an investment company with variable capital (société d’investissement à capital variable, “SICAV”), established on 21 September 2015 in the Grand-Duchy of Luxembourg under the Law of 10 August 1915 relating to commercial companies and Part I of the Luxembourg law of 17 December 2010 relating to undertakings for collective investments (transposing the Directive 2009/65/EC of the European Parliament and of the Council (the “UCITS Directive”). The SICAV is an undertaking for collective investment in transferable securities and/or other permitted liquid financial assets (“UCITS”) for the purposes of the UCITS Directive.
The benchmark index for the underlying fund and the UCITS is the MSCI India Index.
|
The underlying fund’s investment objective is long term total return to be achieved by investing at least two-thirds of the underlying fund’s 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 underlying fund is actively managed. The underlying fund aims to outperform the MSCI India Index (USD) benchmark before charges. The benchmark is also used as a reference point for portfolio construction and as a basis for setting risk constraints.
In order to achieve its objective, the underlying fund will take positions whose weightings diverge from the benchmark or invest in securities which are not included in the benchmark. The investments of the underlying fund may deviate significantly from the components of and their respective weightings in the benchmark. Due to the active nature of the management process, the underlying fund’s performance profile may deviate significantly from that of the benchmark over the longer term.
|
|
Ongoing Charges Figure (OCF) of the underlying fund
|
1.75% management fees plus additional expenses of 1% per annum over & above management fees
|
2.06%
The ongoing charges figure is based on expenses for the year ending 30/09/2020. This figure may vary from year to year.
|