Natixis Global Asset Management has announced the launch of an all cap Indian equity fund.
The IDFC India Equities fund will be managed by the French firm's Indian affiliate, IDFC Asset Management, and is a Ucits-compliant product which invests across the country's entire market.
It adopts a high conviction approach by investing in 35 to 45 stocks, focusing particularly on India's leading companies and those with high growth potential.
The fund will be managed by the firm's investment team led by Kenneth Andrade, its head of investments. Natixis Global AM said they decided to launch the fund in response to growing investor interest in India's potential.
The IDFC Asset Management company (IDFC AMC) is a specialist Indian investor with a qualitative investment process based on fundamental research. The investment team runs concentrated portfolios with a thematic approach based on the early indication of macro trends that drive the Indian economy.
Commenting on the launch, Naval Bir Kumar, vice-Chairman at IDFC Asset Management Company, said: 'Our strategy means that we have the flexibility to invest in growing companies of any size and in those that are best positioned to take advantage of ongoing growth in the Indian market.'