Fiducian Portfolio Services has appointed HDFC Asset Management Company as an additional share manager for the Fiducian India Fund.
The change was initiated to provide greater fund manager diversification.
HDFC will complement existing managers State Bank of India Funds Management (SBI) and Sundaram Asset Management.
The Fiducian India Fund is one of only two India funds available in Australia and has been in operation for over five years. Over this period, the Fiducian India Fund has managed to consistently outperform the Bombay Stock Exchange benchmark index.
Fiducian investment manager Conrad Burge (pictured) says: “The Fiducian India Fund offers investors an opportunity to gain direct exposure to one of the most dynamic regions of the world, with the potential for huge growth over coming years."
