Description: Invest in India's multi-decadal growth story

• Invest in dominant Indian businesses that benefit from India's (i) demographic dividend (ii) rising GDP per capita and (iii) larger role on the global stage.
• Targeting businesses that can (i) grow faster than Indian GDP supported by secular trends of penetration, formalization and premiumization and (ii) generate high excess returns on capital.

Key Features:

• Unique and differentiated exposure to Indian Equities (>90% active risk)
• Patient long-term approach; low portfolio turnover
• Mid-small cap tilt
• 30-50 holdings

• Note: The above is for illustrative purposes only and should not be relied upon when making investment decisions. The above may not be applicable to all investment cases.
• Source: SPARX Asset Management Co., Ltd.