M&G is launching a new India fund, the firm has announced this morning. It will be managed by Vikas Pershad with the goal of providing a higher total return net of fees than the MSCI India index over any five-year period.
The strategy will concentrate on 50 to 80 quality companies chosen for their fundamentals, including strong balance sheets, sustainable cashflows and attractive valuations.
Today's launch follows that of M&G China last September, in an effort to make new regions available to investors who aim to allocate more globally.
As one of the world’s most transformative economies, India presents a unique investment opportunity, according to Pershad.
"From the rise of globally competitive tech firms to domestic leaders driving modernisation across industries, Indian businesses are capitalising on structural shifts in the economy. Our investment strategy is firmly rooted in the belief that India is not just a buy-and-hold market," he said.
"Success in this vibrant economy demands an active management approach. The fund focuses on identifying these forward-thinking companies, ensuring investors gain exposure to the dynamic forces shaping India’s future."
Pershad has been investing in India for more than 20 years and is part of M&G's Asia Pacific equities team.