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Indienfond

6 July 2022
693.80 kr
One day
+2.53%
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Indienfond
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About the fund

Carnegie Indienfond offers exposure towards one of the world’s most exciting emerging markets.

India has in the last decade established itself as a major economic power with extremely high growth. The country is well placed to continue to grow where the economy is driven by domestic demand and structural themes as consumption, investments in infrastructure, outsourcing of production and foreign direct investments. Carnegie Indienfond includes about 30 companies that benefit from this growth.

THIS IS A FUND FOR YOU WHO:
  • Believe in good future economic growth in India
  • Want to broaden your investments to an emerging market
  • Have a long-term investment horizon of at least five years

Fund manager

Gunnar Påhlson

Economics graduate in Accounting/Auditing. Employed since 2006 and has worked in the industry since 1981.

Buy Indienfond

Fees and trading

Management fee/year
2.22%
Minimum deposit lump-sum/monthly
0kr/0kr
Price listing
Daily
PPM fund number
505586
Bankgiro number
5812-8125

Basic facts

Legal Seat
SE
Start date
2004-09-01
ISIN Code
SE0001209834
Morningstar rating

Fund data

Risk class
1
2
3
4
5
6
7
Risk category

The seven-point risk scale is common to funds in the EU. Risk category 1 represents the lowest risk but also the lowest possibility of returns. Seven is the highest risk with higher possibility of returns. The risk category is based on how the fund's value has fluctuated over the past five years.

Total risk
14.20%
Total risk

A measure of risk that measures value changes. Stated as a percentage. The higher the percentage, the higher the volatility. Calculated as the standard deviation of monthly returns for the fund during 24 months, multiplied by the square root of the number of months during the year.

Sharpe ratio
1.25
Sharpe ratio

The Sharpe ratio is a measure of risk that compares the actual return on the portfolio, minus the risk-free interest rate, to the total portfolio risk. Portfolio risk is defined as the standard deviation of returns over 24 months. This can be said to illustrate the payment you receive for the risk you take.

Churn
0.41 times/year
Churn

Churn measures how many transactions are made by the fund manager. It is defined as the lowest of the sum of purchased and sold securities, divided by the average net asset value of the fund. Churn is expressed as an annual rate.

Benchmark index
MSCI India 10/40 Net Total Return
Benchmark index

The benchmark index has been used as a basis for calculating Tracking Error and Active Share. The chosen benchmark is deemed to be relevant as it corresponds well with the fund’s investment policy.

Tracking error
4.99%
Tracking error

Tracking error measures the difference in returns between a fund and its benchmark. The lower the tracking error, the more correlated the returns are to the benchmark. The higher the tracking error, the more the returns deviates from the benchmark. Reported as a percentage.

Active share
44%
Active share

Active share measures how much the portfolio holdings differ from the benchmark index constituents. The higher the percentage, the higher the deviation is. Reported as a percentage.

Swing pricing
-
Swing pricing

Swing pricing means that the fund’s NAV rate may be adjusted when the fund’s net flows (the sum of deposits and withdrawals in the fund) during a given day exceed a threshold value. The threshold value is an amount and is calculated by a percentage of the fund’s total value. This is called partial swing and is the method of swing pricing used by Carnegie Fonder. If the threshold value is exceeded, a swing factor is applied which is a certain percentage and which is judged to correspond to the costs of managing the net flows. The reason why swing pricing is used is that large transaction costs can arise with large net flows. In order for these costs not to affect other unit holders in the fund, they are instead charged to the unit holders who caused the flow by adjusting the NAV rate with the swing factor. The levels of the threshold and the swing factor are reviewed by Carnegie Fonder on a regular basis.

Show holding
Updated 2022-06-30

Largest holding

Reliance Industries Ltd Dematerialised
9.28%
Infosys Ltd Reg
8.04%
ICICI Bank Ltd Reg
7.26%
Housing Dev Finance Corp Ltd
4.85%
Tata Consultancy Services Ltd
4.67%
Bajaj Finance Ltd
3.76%
Bharti Airtel Ltd Dematerialised
3.59%
Hindustan Unilever Ltd Reg
3.55%
Titan Co Ltd Reg
3.38%
Voltas Ltd Dematerialised
3.29%
Other holding
48.33%

Geographic distribution

India
91.39%
Sweden
3.76%
United Kingdom
3.55%
USA
1.31%

Nav distribution

Equities
96.25%
Cash and equivalents
3.75%

Articles

India’s IT services sector is making money hand over fist
Carnegie Indienfond

India’s IT services sector is making money hand over fist

The Indian market continued its strong upward trend in August. The pandemic is ongoing in the background but is receiving less and less attention, and is no longer hindering the...

Gunnar Påhlson 6 September 2021
The Indian market continued its positive trend in July
Carnegie Indienfond

The Indian market continued its positive trend in July

Indian companies this month reported their results for the first quarter. Given that India’s economy was shut down in the same period last year, the year-on-year comparison should be a...

Gunnar Påhlson 5 August 2021
ESG on the agenda
Carnegie Indienfond

ESG on the agenda

The Indian market continued its upward journey in June. As India recovers from the second wave of Covid-19, which hit in April and May, the stock market is gaining. There...

Gunnar Påhlson 6 July 2021
More posts