About Company
Aequitas Investments
Aequitas started in 2012 because we wanted a different way for investors to build wealth. Siddhartha Bhaiya, our MD & CIO, had worked in the AMC business for over 10 years before Aequitas. He noticed that most AMCs were focused on growing their Assets Under Management (AUM) by working with distributors. Siddhartha had a different idea. He thought that if we focused on getting good returns for our investors, the AUM would grow on its own, and he was right. We began with AUM of INR 10 Cr in 2013. Now, 12 years later in 2025, our AUM is at INR 7,500 Cr and it's still growing. We did this without any distributors, just through word of mouth. This let us have a direct relationship with all of our investors, which is what we wanted. Aequitas is built on strong principles and values that we still stand by. We use one investment approach for all our products: the Multibagger strategy. This approach has helped Aequitas get a 32% CAGR for our investors since we started. That means if you invested INR 1 million with us in 2013, it would be worth INR 37 million by October 2025.
What Is the Aequitas Far East Trust?
The Aequitas Far East Trust is a Category III open-ended AIF under IFSCA, designed for Indian resident investors seeking exposure to China and other Far East equity markets. The fund invests in listed equities and follows a long-only investment approach.
Aequitas describes the Far East Trust as part of its International Equity Funds offering. The fund has a one-year lock-in period, distinguishing it from the Aequitas Far East International Trust, which is intended for NRIs and other international investors and does not have a lock-in.
The strategy focuses on fundamental research, valuation discipline and a combination of Growth, Value and Contrarian investing, with an intended investment horizon of 3–5 years.
Aequitas Far East Trust: Fund Snapshot & Key Terms
| Parameter | Details |
| Fund Name | Aequitas Far East Trust |
| Structure | Open-ended Category III AIF |
| Regulator / Framework | IFSCA |
| Investment Category | International Equity |
| Eligible Investors | Indian resident investors |
| Investment Universe | China and other Far East listed equities |
| Strategy | Long-only equity |
| Investment Style | Growth + Value + Contrarian |
| Investment Horizon | 3–5 years |
| Lock-in Period | 1 year |
| Fund Manager / Principal Officer | Subham Agarwal |
| Fund Currency / Minimum Investment | Refer to the latest applicable offering documents for current terms |
| Fees | As specified in the current applicable offering documents |
| Liquidity | Subject to the applicable fund terms and one-year lock-in |
Aequitas describes the Far East Trust as a restricted, non-retail Category III AIF under its International Equity Funds platform and states that it is managed through its IFSCA-regulated fund-management entity.
Aequitas Far East Trust Investment Strategy
The Aequitas Far East Trust follows a long-only listed-equity strategy focused on China and other Far East markets.
The investment philosophy combines three elements:
- Growth: Companies should have above-average growth potential over the next 3–5 years.
- Value: The valuation should be reasonable and offer potential for re-rating.
- Contrarian: The strategy seeks opportunities where the investment view differs from prevailing market narratives.
Aequitas states that its investment process focuses on facts and fundamentals rather than market narratives. It does not chase momentum or hot stocks and does not invest through derivatives or IPOs. The strategy also avoids leverage.
Stock Selection and Margin-of-Safety Filters
The stock-selection process focuses on identifying fundamentally robust businesses that can potentially compound value over a 3–5 year period.
Aequitas identifies several selection criteria, including:
- Industry leadership
- Low debt
- Good management
- Reasonable valuations
- Creeping acquisitions or buybacks
- Strong cash flows
The investment team also conducts its own primary research and uses financial screeners to evaluate fundamental metrics. Ongoing research is used to revisit investment theses and make informed portfolio decisions.
Portfolio Construction and Research Discipline
The fund aims to construct a portfolio of quality companies with fundamentally strong businesses and appropriate growth characteristics.
Portfolio construction is supported by bottom-up research, screening and ongoing monitoring. The stated investment horizon is 3–5 years, allowing the strategy to evaluate businesses beyond short-term market movements.
The approach also places emphasis on diversification across sectors while maintaining a focus on companies that meet the strategy's fundamental selection criteria.
Why the Fund Focuses on China and Far East Markets
The Aequitas Far East Trust provides Indian resident investors with a route to international equity exposure through China and other Far East markets.
Investing across geographies can provide exposure to businesses and industries that may not be adequately represented in an Indian-only portfolio. The fund specifically focuses on listed equities in China and the Far East, allowing investors to participate in companies and markets outside India.
Aequitas' investment philosophy remains focused on fundamental research and valuation rather than simply pursuing a particular country's market momentum. The strategy seeks companies that meet its Growth, Value and Contrarian criteria.
International exposure can also introduce additional variables, including currency movements, country-specific regulations, geopolitical developments and differences in market structures.
Minimum Investment, One-Year Lock-In, Fees and Liquidity
The Aequitas Far East Trust has a one-year lock-in period for the resident-investor fund. Aequitas specifically distinguishes this structure from the Aequitas Far East International Trust, which has no lock-in and is available to NRIs and international investors.
The fund's exact minimum investment, management fees, performance fees, subscription terms, redemption process and other commercial terms should be taken from the latest applicable offering documents.
The one-year lock-in means investors should consider their liquidity requirements before investing. A longer 3–5 year investment horizon is consistent with the fund's stated investment philosophy.
Key Risks of Aequitas Far East Trust
Investing in the Aequitas Far East Trust involves risks associated with international equities and the specific markets in which the fund invests.
China and Country Risk
Changes in China's economic environment, government policies, regulations or market conditions can affect companies and sectors within the investment universe.
Regulatory Risk
China and other Far East markets operate under regulatory frameworks that may differ from those applicable in India. Regulatory changes can influence companies, industries and foreign investment conditions.
Geopolitical Risk
International markets can be affected by geopolitical developments, trade restrictions, diplomatic tensions and changes in international relations.
Currency Risk
Returns for an Indian investor can be influenced by movements between the Indian rupee and the currencies associated with the underlying investments. Currency movements can therefore affect the rupee value of investment returns.
Equity-Market Risk
Listed equities can experience significant price fluctuations due to economic conditions, interest rates, investor sentiment, company performance and broader market events.
Valuation Risk
A stock selected because of an attractive valuation may not re-rate as expected. The investment may also remain undervalued for an extended period.
Earnings Risk
Changes in company earnings, industry conditions, competition or business execution can affect investment outcomes.
Balance-Sheet Risk
Weakening financial conditions, excessive leverage or deterioration in cash flows can negatively affect an investee company's value.
Liquidity Risk
Liquidity conditions can differ across international markets and individual securities. The ability to exit investments can be affected during periods of market stress.
Request Aequitas Far East Trust Details
Investors seeking current product information can request the latest offering documents, fund terms, minimum investment details, fee structure and subscription/redemption information before making an investment decision.
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Find answers to common questions about fund investments, performance, portfolio strategy, and investor services.
Aequitas Far East Trust is an open-ended Category III AIF focused on China and other Far East equity markets. It is designed for Indian resident investors seeking international listed-equity exposure and follows a long-only investment strategy combining Growth, Value and Contrarian approaches.
Yes. Aequitas Far East Trust is described by Aequitas as a Category III open-ended AIF under IFSCA. It forms part of Aequitas' International Equity Funds offering and is structured for eligible resident investors seeking exposure to China and other Far East listed equities.
Aequitas identifies the Far East Trust as the product for Indian resident investors. NRIs and international investors are directed to the separate Aequitas Far East International Trust, which Aequitas states has no lock-in period.
The fund invests in China and other Far East equity markets, with exposure through listed equities. The strategy is long-only and focuses on companies that meet Aequitas' fundamental, valuation and growth-oriented selection criteria.
Yes. The Aequitas Far East Trust has a one-year lock-in period. Aequitas specifically states that its separate Far East International Trust has no lock-in, making the two products structurally different for their respective investor categories.
The current pages reviewed do not state a specific minimum investment for the Far East Trust. Investors should obtain the latest applicable offering document for the current minimum subscription and eligibility requirements before investing.
The fund uses a Growth + Value + Contrarian approach. Aequitas looks for companies with above-average growth potential, reasonable valuations and potential for re-rating. Its stated selection criteria include industry leadership, low debt, good management, valuations, buybacks or creeping acquisitions and cash flow.
Subham Agarwal is identified by Aequitas as the Principal Officer associated with its GIFT City international/offshore fund platform. He has experience across investment banking and listed-equity investing and joined Aequitas' investment team in 2019.
The exact current fee structure and subscription/redemption terms should be taken from the latest applicable offering documents. The Far East Trust has a one-year lock-in, while the investment philosophy is designed around a longer 3–5 year horizon.
Key risks include China and country-specific risk, regulatory changes, geopolitical developments, currency movements, equity-market volatility, valuation risk, earnings risk, balance-sheet risk and liquidity risk. International investing can also involve market-structure and regulatory differences compared with Indian equities.
The primary distinction is the intended investor category and lock-in. Aequitas Far East Trust is intended for Indian resident investors and has a one-year lock-in. Aequitas Far East International Trust is intended for NRIs and other international investors and has no lock-in, according to Aequitas.
Yes, the underlying investments are in international equity markets, so Indian resident investors can have exposure to currencies associated with the underlying markets. However, currency movements can work both ways and may increase or reduce the rupee value of investment returns.
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