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Fund Snapshot
| ISIN | IE000GQFY432 |
| Inception Date | Aug 17, 2023 |
| Drawdown Risk | Medium |
Fees
| Expense Ratio | Not Applicable |
| Fund Management Fee | 1.75% |
| Fund Performance Fee | Not Applicable |
Subscriptions
| Frequency | Daily |
| Cutoff Date | 16 Mar 2026 3:45 PM SGT |
| Estimated Nav Date | Mar 16, 2026 |
| Estimated Settlement Date | Mar 19, 2026 |
| Minimum Initial | USD 5,000.00 |
| Minimum Subsequent | USD 5,000.00 |
Fund Overview
The Ashoka WhiteOak Capital Management Emerging Markets Equity Ex-India Fund focuses on investing in equity and equity-linked securities of companies across global emerging markets, while deliberately excluding India from its investment universe. The strategy seeks to capture growth opportunities across developing economies through an actively managed portfolio.
The fund evaluates its performance against the MSCI Emerging Markets ex India Index (US$), a widely used benchmark that tracks the performance of emerging market equities excluding India.
The investment process follows a bottom-up stock selection approach, meaning investment decisions are driven primarily by individual company analysis rather than macroeconomic or country-level views. The strategy remains style-agnostic and market-cap neutral, allowing the portfolio to invest across growth or value opportunities and across different company sizes when attractive opportunities emerge.
As of 23 June, the portfolio consists of 74 holdings, reflecting a relatively concentrated structure. The top 10 positions account for 39.1% of the total portfolio, indicating a strong conviction-based allocation approach.
Key Portfolio Metrics
| Metric | Value |
| Benchmark | MSCI EM ex-India Index (US$) |
| Number of Holdings | 74 |
| Top 10 Holdings Weight | 39.1% |
| Weighted Average Market Cap | $133 Billion |
The portfolio’s weighted average market capitalization of $133 billion indicates a strong tilt toward large, globally significant companies operating within emerging markets.
Sector Allocation
| Sector | Allocation |
| Information Technology | 30.1% |
| Consumer Discretionary | 29.6% |
| Financials | 15.9% |
The sector composition highlights a strong exposure to technology and consumer-driven sectors, which are often key growth engines within emerging economies.
Market Capitalization Allocation
| Market Cap Segment | Allocation |
| Large Cap | 73.4% |
| Mid Cap | 7.2% |
| Small Cap | 18.2% |
The portfolio is heavily weighted toward large-cap companies, which tend to offer stronger balance sheets and global market presence. At the same time, the allocation to small- and mid-cap stocks provides exposure to emerging businesses with potentially higher growth potential.
Overall, the fund aims to combine high-conviction stock selection with diversified exposure across emerging market economies, focusing on companies with strong long-term growth prospects outside India.
