t1ps Investment Management (IoM) Ltd (TIM), the Isle of Man based fund manager, is planning to launch its next Unit Trust, the Elite t1ps India Fund (the fund), at the start of August 2011.
The fund is a standard Unit Trust which will invest in small-medium sized Indian companies with a market capitalisation of between USD50-USD750 million, seeking to deliver long-term capital growth. The Fund will invest primarily in Indian equities, selected via bottom up fundamental analysis.
The Fund will be managed by TIM’s Fund Managers – Tom Winnifrith, Robert Sutherland Smith, Ross Jones and James Faulkner who are all small-mid cap specialists. The team will be complemented by the arrival of an additional financial analyst with strong ties to the Indian subcontinent who will relocate to Mumbai in January 2012 after spending the Autumn with the team in the Isle of Man.
The Fund has a minimum investment of GBP500, which can be purchased in shares or in conjunction with an existing stocks and shares ISA, or, as part of a regular monthly savings plan.
The type of investee companies will typically be well established within or connected to India producing turnover, predictable cash flows and revenues, alongside a healthy balance sheet after investment.
The expected launch date of the fund is 1st August 2011, with the 1st pre-closure date for investment on 31st August 2011.
Winnifrith, Senior Fund Manager, of TIM. says: “It’s clear that Indian GDP growth will out strip that of the UK over the next 20 years, so we would be missing a great investment opportunity if we were to ignore this market. RSH is developing a significant hub in India, with fully developed plans to unveil an office in Mumbai as of January 2012, and fund management is just one of the activities we are pursuing in India.
“Every investor should have some exposure to emerging markets as part of a balanced portfolio. With the strong business and family connections that Amit and I have within India we are confident of success. Both Amit and I are investing personally in the Fund and we look forward to making good returns on our investment!”