Investment Trusts
Ashoka India Equity Investment Trust invests for long-term capital appreciation in Indian companies. Its portfolio is built from individual stock ideas across the Indian economy, seeking to benefit from structural themes such as formalisation, digitalisation, manufacturing growth and rising domestic consumption.
Invests mainly in listed Indian equities, with scope for a limited allocation to unquoted companies. The managers use fundamental research across companies of different sizes rather than closely following an index.
India, across sectors including consumer, financial, industrial, technology and healthcare businesses. Returns are linked to Indian corporate earnings, domestic economic growth and the rupee.
Indian economic and earnings growth, domestic consumption, manufacturing investment, digital adoption, stock selection, market valuations, rupee movements and the trust's discount or premium to net asset value.
High Indian equity valuations, currency weakness, regulatory or political changes, governance problems, small-company and unquoted-company liquidity, portfolio concentration and a widening discount to net asset value.
26 February 2026: half-year results showed a NAV total return of -3.1% for the six months to 31 December 2025, compared with -2.3% for the MSCI India IMI benchmark, amid a more difficult period for Indian equities.
Primarily targets capital growth and shareholders should not expect a regular annual dividend. No 2026 dividend or ex-dividend date had been announced by late July. The most recent payment was 0.5p, which went ex-dividend on 9 October 2025.
The complete 350 Trade Book — 350 leading UK-listed companies, presented in one consistent working reference.