Excel Funds launches 2 India-focused mutual funds

Excel Funds Management Inc. has launched two India-focused mutual funds that seek to capitalize on the growth and income opportunities in the world’s fastest-growing economy, says a release.

The Excel India Balanced Fund will target monthly cash distributions and long-term capital appreciation by obtaining exposure to an actively managed, diversified portfolio. It’s comprised primarily of publicly-listed equity securities and investment-grade fixed-income securities issued by entities located in India. Initially, it will pay an attractive annual distribution, estimated to be in the range of 4%.

The Excel New India Leaders Fund seeks to maximize long-term growth of capital by investing in an actively managed portfolio comprised primarily of equity securities of companies located in India that are considered to be emerging leaders. From an investment universe of over 700 companies, the fund will target a concentrated set of under-researched and under-valued stocks to help generate alpha for investors.

The funds will be actively managed by Aditya Birla Sun Life Asset Management Company Pte. Limited, a wholly owned subsidiary of Birla Sun Life Asset Management Company Limited, which has US$20 billion in assets under management, as of December 31, 2015.

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