We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Stewart Investors Indian Subcontinent All Cap Class B - Accumulation (GBP)

Sell:347.61p Buy:347.61p Change: 10.43p (2.91%)
Prices as at 23 March 2026
Sell:347.61p
Buy:347.61p
Change: 10.43p (2.91%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 23 March 2026
Sell:347.61p
Buy:347.61p
Change: 10.43p (2.91%)
Prices as at 23 March 2026
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Charges and Savings

Initial charges
Initial charge: 0.00%
Initial saving from HL: 0.00%
Net initial charge: 0.00%
HL dealing charge: £1.95
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 0.93%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.93%

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.


Other Information

Unit type: Unbundled
Manager:
Multiple
Fund launch date: 15 November 2006
Sector: Specialist
Fund size: £317 million
Number of holdings: 33
Fund type: OEIC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: n/a
Minimum investment: £100.00
Available in a direct debit plan: Yes
Minimum direct debit value: £25.00

Ready to invest?

To invest in , you'll need to have an account. Try our handy filter to explore the different options.

Compare accounts

Ready to take your first step?

To invest in , you'll need to open an account. Try our handy filter and find out which suits you best.

Compare accounts

Performance

23/03/21 to 23/03/22 23/03/22 to 23/03/23 23/03/23 to 23/03/24 23/03/24 to 23/03/25 23/03/25 to 23/03/26
Annual return 11.55% 7.95% 20.42% -2.44% -22.76%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

HL Research

This fund focuses specifically on the Indian Subcontinent, with the aim to provide long-term investment growth.

Jack Nelson and Doug Ledingham manage the fund. They’re experienced in managing funds investing in Asian companies but this is their first time running a fund investing solely on the Indian subcontinent.

This fund...

Our latest article

First Sentier Investors, the parent company of Stewart Investors, has announced that Stewart’s investment management responsibilities have transitioned to FSSA Investment Managers, another of the group’s subsidiaries.

Fund Objective

The Fund aims to achieve long-term capital growth. The Fund will comprise investments in a diversified portfolio of companies of the Indian subcontinent. The Fund concentrates on securities that are listed, traded or dealt in on regulated markets in the Indian subcontinent and instruments issued by companies established, operating or having a predominant part of their economic activities in the Indian subcontinent and listed on other regulated markets.

Income Details

Income paid: Bi-annually
Type of payment: Dividend
Ex-dividend date:
Payment date:

This data is provided by Broadridge. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. There is currently no yield information available for this fund.

Security Weight
HDFC BANK LIMITED 9.40%
MARICO 6.93%
TUBE INVESTMENTS OF INDIA LIMITED 6.38%
TRIVENI TURBINE LTD 5.97%
KOTAK MAHINDRA BANK LIMITED 4.83%
MAHINDRA AND MAHINDRA LIMITED 4.76%
ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED 4.72%
BAJAJ AUTO LTD(NEW) 4.66%
BHARTI AIRTEL 3.87%
KEI INDUSTRIES 3.50%
Sector Weight
Banks 16.26%
Industrial Engineering 9.41%
Automobiles & Parts 8.45%
Food Producers 6.93%
Finance & Credit Services 6.81%
Software & Computer Services 6.47%
Industrial Metals & Mining 6.38%
Non-life Insurance 5.81%
Cash and Equiv. 4.74%
Leisure Goods 4.66%
Country Weight
India 93.52%
Cash and Equiv. 4.74%
United States 1.74%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 23 March 2026. Data provided by Broadridge, correct as at 28 February 2026.

Broadridge
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

4 If you elect to receive the income from an ISA or a Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.