Overview The investment objective of the Excel India Fund is to seek long-term superior growth of capital. The Excel India Fund will invest primarily in equity securities of companies located in India. The Fund invests in a diversified portfolio of well researched, globally competitive Indian companies with sound growth potential. The balance of the Fund's assets will be invested in Canadian equity securities with a focus on companies doing business in India.
Fund Details | Inception Date | April 14, 1998 | | Min. Initial Investment | $250 |
| •Deferred Sales Charge |
$250 |
| •Low Load Sales Charge | $250 | | •F Series | $250 | | Min. Sub. Investment | $50 | | •F Series | $250 | | Fund Category | Emerging Markets Equity | | Asset Class | Equity |
| Management Fee |
2.50% |
| •F Series |
1.50% |
| 100% RRSP and TFSA eligible | Yes |
Portfolio Advisors Excel Funds has retained Excel Investment Counsel Inc. to act as portfolio manager responsible for this Fund's investments in Canadian equity securities and cash management.
Paul Mesburis is the Senior Portfolio Manager and Chief Compliance Officer of Excel Investment Counsel Inc., and has more than 15 years of investment experience. On the buy-side, his previous roles have included Portfolio Manager of an equity mutual fund focusing on Canadian and US equities. On the sell-side, his investment experience includes investment banking, M&A and institutional equity research. Mr. Mesburis is a Chartered Accountant (Ontario) and a Chartered Financial Analyst. He earned his MBA from the Schulich School of Business at York University and a B.A. from the University of Toronto.
The underlying funds of the Excel India Fund, namely, the Mauritius Sub-fund and the India Sub-fund, are managed by International Financial Services Limited and Birla Sun Life AMC Limited, respectively. The responsibilities of IFS and BSLAMC, as managers, include the day-to-day general management and administration of the Mauritius Sub-fund and India Sub-fund, respectively.
| |  | | Fund Codes | Load Type | CAD$ | 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.
|