Ashoka Whiteoak Emerging Markets Equity EX India – F (USD) ACC

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.