The fund is managed by Schroders’ Asian equity investment team and takes an unconstrained all cap approach versus a fundamental larger cap approach and is not managed relative to a benchmark.

Recent concerns about the Indian rupee dropping significantly, has not deterred Schroders or Axis AMC in their conviction that the Indian economy and its indigenous companies, will remain a strong investment.

“While India has certain short and medium term cyclical challenges, it has a number of long term competitive advantages that have allowed it to grow on a sustained basis. Our investment process focuses on bottom-up stock selection of quality companies that are likely to sustain growth over the medium to long term,” said Chandresh Nigam, managing director and chief executive officer, Axis AMC.

Axis AMC has provided a team of seven investment professionals with experience in managing Indian equities in order to identify the best investment opportunities for capital growth. Investments will primarily be in equity and equity related securities of Indian companies that have substantial business exposure to the country.