| Fund Description |
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Prana India Equity fund (“the Fund”) is an actively managed long-only fund, investing in a selection of listed Indian equities
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Launch Based on
3-Year Track Record
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The Fund is a Sub-Fund of the Protea UCITS II (“Protea”) umbrella, an open-ended investment company under the laws of Luxembourg. The investment manager of the fund is HSZ Group (“HSZ”) in collaboration with the investment adviser OAKS Asset Management, an India based and India focused asset manager
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Investment Approach
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It is a long only public equity strategy, which aims to capture transformational trends in India over the next decade by investing in large to mid-cap companies across various sectors like manufacturing, infrastructure, organized agriculture, and digital platforms. The portfolio has a concentrated approach with 20-30 positions, an absolute return orientation and is agnostic to benchmarks
The strategy has delivered a 3-year CAGR of 25% as of August 31, 2024, outperforming the Nifty 50 TRI. It has demonstrated an ability to generate alpha across market cycles, with a low downside capture ratio of 55% and high active share of 79% versus the Nifty 50. The portfolio's median market cap is over 6 times larger than the Nifty 500, reflecting its large-cap bias
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Luxembourg UCITS
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Protea acts through its Board of Directors, is registered pursuant to Part I of the 2010 Luxembourg law on commercial companies. Protea is in accordance with the EU UCITS Directive and is regulated by the Luxembourg CSSF
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Management Company
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FundPartner Solutions (Europe) S.A. (Pictet Group)
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Custodian
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Bank Pictet & Cie (Europe) AG, succursale de Luxembourg
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Auditors
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Deloitte (Luxembourg)
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| Legal Adviser |
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Allen & Overy, Luxembourg |
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| Sponsor & Investment Manager |
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HSZ Group, legal name HSZ (Hong Kong) Limited,
regulated by the SFC in Hong Kong
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| Adviser |
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OAKS Asset Management Private Limited, India, registered with the Securities and Exchange Board of India (SEBI) |
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| Share Classes |
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All share classes are USD denominated |
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| Class A, C and I |
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Several share classes with annual management fees ranging from 2.9% to 1.2% depending on the nature of the investor and size of the investment
2.9% - Retail (A), Minimum of USD 100
2.4% - Distributors (C), Minimum of USD 100,000
1.2% - Institutional Investors (I), Minimum of USD 1 million |
