Overview Excel India Fund is a mutual fund investing in blue chip companies located in India. The fund invests in a diversified portfolio of well researched, globally competitive Indian companies with sound growth potential. Currently, the Fund is investing in some of India's fastest growing sectors including software, pharmaceuticals and consumer products. Our innovative investment strategy is complemented by local portfolio advisors to ensure your investment will prosper. As the world's largest democracy with a consumer base of one billion, India is poised to take off on a path of sustained growth. Investors who target India now will have the opportunity to benefit from the country's explosive growth potential.
Fund Details | Inception Date | April 14, 1998 | | Min. Initial Investment | $500 | | *Low Load Sales Charge | $2,500 | | *F Series | $2,500 | | Min. Sub. Investment | $50 | | *F Series | $1,000 | | Fund Category | Emerging Markets Equity | | Asset Class | Equity |
| Management Fee |
2.50% |
| *F Series |
1.50% |
| 100% RRSP and TFSA eligible | Yes |
Portfolio Advisors Excel Funds has retained Toron Capital Markets Inc. to act as portfolio manager. Toron is responsible for this Fund's investments in Canadian equity securities and cash management.
The underlying funds of the Excel India Fund, namely, the Mauritius Sub-fund and the India Sub-fund, are managed by International Financial Services Limited and Birla Sun Life AMC Limited, respectively. The responsibilities of IFS and BSLAMC, as managers, include the day-to-day general management and administration of the Mauritius Sub-fund and India Sub-fund, respectively.  Birla Sun Life AMC's website:
http://www.birlasunlife.com
Toron's website:
http://www.toron.com | |  | | Fund Codes | Load Type | CAD$ | US$ | | Front End Sales Charge | EXL 100 | EXL 810 | | Deferred Sales Charge | EXL 200 | EXL 820 | | Low Load Sales Charge | EXL 300 | EXL 830 | | "F Series" | EXL 600 | n/a |
View detailed listing of Fund Codes (PDF) Investment Strategy The Excel India Fund invests in a diversified portfolio of well researched, globally competitive Indian companies with sound growth potential. Strong emphasis will be placed on companies which have high quality, visionary corporate management, fundamentally good values and sustainable growth prospects. A balance of various factors will be maintained when constructing a portfolio. Among these factors are liquidity, market capitalization, diversification and growth prospects. Birla Sun Life AMC Ltd. offers local management to Excel India Fund. It is one of the largest private sector mutual fund companies in India and rated as one of India's best in terms of performance. BSLAMC puts strong emphasis on in-house systematic research: qualitative and quantitative. BSLAMC takes a 'bottom-up' stock selection approach to investing. They are local managers that are very research intensive. The firm's investment professionals spend a considerable amount of time in the field, visiting companies, meeting with suppliers, customers and competitors, prior to making the decision to invest in a particular company. Fifty per cent of an analysts time is spent on field work. Portfolio construction strives for a balance between parameters affecting investment risk, liquidity, market capitalization, growth expectations, and diversification. Important Features - The unique design of the fund's structure provides the most tax efficient way of investing in India for Canadians. Capital gains realized by the fund on Indian securities will not be subject to foreign withholding taxes in India, which are as high as 30%.
- Foreign ownership of public Indian companies cannot exceed a set aggregate limit, many good quality companies have already reached this aggregate limit. Through our structure we can still invest in those companies that have already reached their foreign aggregate limit.
- Liquidity of the fund is addressed by investing in primarily mid to large cap companies in India, as well as by investing 10 per cent of the funds assets in liquid Canadian securities.
- Excel India Fund is RRSP and TFSA eligible.
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