Why Excel India Fund?
India's powerful and largely self sustaining economy has been the fastest growing free-market economy over the last 5 years, with annual GDP growth averaging 8% (2003 to 2008). India's robust middle class is 350 million strong and growing. Currently, 87% of India's GDP is geared toward the domestic market, and consumption levels are expected to quadruple over the next 20 years. An enviable domestic consumption story continues to attract investments from global multinational companies looking to tap into that market, as they benefit from India's low cost and highly-educated English-speaking labour force.
The Excel India Fund 10 year track record distinguishes it as the longest running Canadian mutual fund investing in India.
- The Excel India Fund has achieved the best 10 year (since inception) performance returns against all Global Equity Funds and all Emerging Market Funds. (GlobeFund as at Jan 31, 2009).
- Excel India is managed by Birla Sun Life, a joint venture between the Aditya Birla Group and the Sun Life Financial Services Inc. of Canada, which brings together the Aditya Birla Group's vast experience in the Indian market and Sun Life's global experience. Since its inception in 1994, Birla Sun Life has emerged as one of India's leading fund managers.
- The Excel India Fund offers the most tax efficient structure for investing in India. Locally domiciled, the funds unique fund-on-fund structure enables Canadians to invest directly in India with all the advantages of a local investor. The fund is not subject to foreign investment restrictions or withholding tax on capital gains in India.
- Fundata has recently assigned a Fundata FundGrade® "A" grade rating for the Excel India Fund as of November 30, 2009.
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