#1 India Fund 2017*
#1 India Fund 2017*

The most successful India fund of 2017

The PPF II Padma India Fund from Picard Angst achieved a 55% return in 2017, beating the NSE Nifty index by 18%. This outperformance can be attributed primarily to raw materials, the health sector and cyclical consumer goods. Thanks to the fund's investment concentration in small and mid-cap companies that operate in fast-growing industries, investors will continue to profit from rapid structural change in the Indian economy.

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Facts & Figures

Padma India Fund is an open-end UCITS fund incorporated in Luxembourg. The Fund's objective is to achieve long-term capital appreciation by investing in equity securities of exchange-listed companies domiciled in or exercising the predominant part of their business activities in India.

A rigorous and disciplined bottom-up approach along with profound on-the-ground research is applied to select high quality portfolio companies with a superior potential for long-term returns. The fund focuses on investments in small and midcapitalized companies placed in the rapidly growing industries and businesses, driven by structural changes in the Indian economy.

PPF II Padma India Fund Institutional USD LU1296765826

Fund

Share class I-USD
Target investor class institutional
NAV currency USD
Distribution policy accumulating
Minimum Investment USD 100'000
Subscriptions / Redemptions Daily / until 16:00 CET
Legal structure UCITS V (FCP)
Fund domicile Luxembourg
Authorized for public distribution LU, DE, CH
Fund inception date 30.12.15
Investment start date
Financial year 31. December
Valor no. 30174221
ISIN LU1296765826
WKN A141A3
Bloomberg PPFPIFI LX Equity

Fund Valuation

Total net assets (in USD Mio.) 33.25
Net asset value (USD) 132.48
Hurdle rate NSE S&P CNX NIFTY 50 Index (USD)

Fees

Management fee (p.a.) 120 bps
Performance fee 10% beyond hurdle rate and HWM
Total Expense Ratio 2,57 %

Organization

Investment manager Picard Angst AG
Management company Warburg Invest Luxembourg S.A.
Custodian M. M. Warburg & Co Luxembourg S.A.
Auditor PricewaterhouseCoopers (PwC)

Download Factsheet (PDF)

For more information and share classes, go to www.swissfunddata.ch or get in touch with your contact.

PPF II Padma India Fund Institutional EUR LU1422844487

Fund Facts

Share class I-EUR
Target investor class retail
NAV currency EUR
Distribution policy accumulating
Minimum Investment EUR 100'100
Subscriptions / Redemptions Daily / until 16:00 CET
Legal structure UCITS V (FCP)
Fund domicile Luxembourg
Authorized for public distribution LU, DE, CH
Fund inception date 30.12.15
Investment start date 13.04.17
Financial year 31. December
Valor no. 32636606
ISIN LU1422844487
WKN A2AMWW
Bloomberg PIFEURI LX Equity

Fund Valuation

Total net assets (in EUR Mio.) 28.48
Net asset value (EUR) 97.56
Hurdle rate NSE S&P CNX NIFTY 50 Index (EUR)

Fees

Management fee (p.a.) 120 bps
Performance fee 10% beyond hurdle rate and HWM
Total Expense Ratio 1,88 %

Organization

Investment manager Picard Angst AG
Management company Warburg Invest Luxembourg S.A.
Custodian M. M. Warburg & Co Luxembourg S.A.
Auditor PricewaterhouseCoopers (PwC)

Download Factsheet (PDF)

For more information and share classes, go to www.swissfunddata.ch or get in touch with your contact.

PPF II Padma India Fund Retail USD LU1296765313

Fund Facts

Share class R-USD
Target investor class retail
NAV currency USD
Distribution policy accumulating
Minimum Investment USD 100
Subscriptions / Redemptions Daily / until 16:00 CET
Legal structure UCITS V (FCP)
Fund domicile Luxembourg
Authorized for public distribution LU, DE, CH
Fund inception date 30.12.15
Investment start date 31.05.16
Financial year 31. December
Valor no. 30174133
ISIN LU1296765313
WKN A141AY
Bloomberg PPFPIFR LX Equity

Fund Valuation

Total net assets (in USD Mio.) 33.25
Net asset value (USD) 131.43
Hurdle rate NSE S&P CNX NIFTY 50 Index (USD)

Fees

Management fee (p.a.) 160 bps
Performance fee 10% beyond hurdle rate and HWM
Total Expense Ratio 3,03 %

Organization

Investment manager Picard Angst AG
Management company Warburg Invest Luxembourg S.A.
Custodian M. M. Warburg & Co Luxembourg S.A.
Auditor PricewaterhouseCoopers (PwC)

Download Factsheet (PDF)

For more information and share classes, go to www.swissfunddata.ch or get in touch with your contact.

PPF II Padma India Fund Retail EUR LU1422844305

Fund Facts

Share class R-EUR
Target investor class retail
NAV currency EUR
Distribution policy accumulating
Minimum Investment EUR 100
Subscriptions / Redemptions Daily / until 16:00 CET
Legal structure UCITS V (FCP)
Fund domicile Luxembourg
Authorized for public distribution LU, DE, CH
Fund inception date 30.12.15
Investment start date 13.04.2017
Financial year 31. December
Valor no. 32636594
ISIN LU1422844305
WKN A2AMWV
Bloomberg PIFEURR LX Equity

Fund Valuation

Total net assets (in EUR Mio.) 28.48
Net asset value (EUR) 97.3
Hurdle rate NSE S&P CNX NIFTY 50 Index (EUR)

Fees

Management fee (p.a.) 160 bps
Performance fee 10% beyond hurdle rate and HWM
Total Expense Ratio 2,14 %

Organization

Investment manager Picard Angst AG
Management company Warburg Invest Luxembourg S.A.
Custodian M. M. Warburg & Co Luxembourg S.A.
Auditor PricewaterhouseCoopers (PwC)

Download Factsheet (PDF)

For more information and share classes, go to www.swissfunddata.ch or get in touch with your contact.

"India will become the world's third-largest economy no later than 2025."

Chrys Kamber, Fund Manager

India offers enormous potential

Demography

India has a population of 1.25 billion people, over half of whom are under 27 years old.

Economy

India's economy is growing quickly: GDP of USD 5 trillion is expected by 2025.

Politics

The world's largest democracy is undergoing numerous reforms under Prime Minister Modi.

Innovation

India is building its future on the latest technology and by promoting innovation.

Consumption

A fast-growing middle class will make India the world's third-largest market by 2025.

Infrastructure

Thanks to large-scale investments, India is making great strides in modernising its infrastructure.

November 2017

Investor Trip

We regularly travel to India with investors to obtain first-hand information. See for yourself.

Your contacts

Chrys Kamber

Fund Manager – Head of Indian Investments

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Biljana Vidakovic

Client Advisor Switzerland (German) & Liechtenstein

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Alexandre Denoyelle

Client Advisor Switzerland (French)

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15 years of Picard Angst

Picard Angst is an independent Swiss financial service provider. We have been offering institutional investors a full range of services in structured products and accepting individual asset management mandates since 2003. We also offer a variety of investment funds. Picard Angst is subject to the Swiss Financial Market Supervisory Authority (FINMA).

* Peer group comparison with corresponding share class. Top 25 performers of all Indian equity funds with domicile in Luxembourg. Source: Bloomberg

Legal disclaimer

This website does not constitute an offer or an invitation to buy or sell securities and is only intended for information purposes. Investments should only be made after a thorough reading of the current prospectus and/or the fund regulations, the current simplified prospectus, the articles of association, and the current annual and semi-annual reports. The mentioned documents can be obtained in hard copy and free of charge at M.M.Warburg & CO Luxembourg, 2, Place François-Joseph Dargent, L-1413 Luxembourg and at the representative in Switzerland PMG Fonds Management AG, Sihlstrasse 95, CH-8001 Zürich, www.pmg-fonds.ch. Paying agent in Switzerland is InCore Bank AG, Stauffacherstrasse 41, CH-8004 Zurich. Information office and paying agent in Germany is M.M.Warburg & CO (AG & Co), Kommanditgesellschaft auf Aktien, Ferdinandstrasse 75, D-20095 Hamburg. The domicile of the fund is Luxembourg.

The tax treatment of the funds depends on the personal circumstances of each client and can be subject to future changes.

The "Guidelines to guarantee the independence of financial analysis" of the Swiss Banker Association do not apply to this presentation. Please note that it is possible that Picard Angst Ltd. will itself have an interest in the price performance of one or more of the securities referred to in this presentation.

The value of the units and the return they generate can go down as well as up. They both are affected by market volatility and by fluctuations in exchange rates. Picard Angst Ltd. does not assume any liability for possible losses. The performance of past values and returns is no indicator of their current or future development. The performance of values and returns does not include the fees and costs which may be charged when buying, selling and/or switching units. The breakdown into sectors, countries and currencies and their respective positions as well as possibly indicated benchmarks are subject to change at any time in line with the investment policy as set forth in the prospectus.

All opinions may change without notice. Opinions may differ from views set out in other documents, including research publications, published by Picard Angst Ltd. Neither this document nor any part of it may be reproduced or redistributed. Although Picard Angst Ltd. believes that the information contained herein is based on reliable sources, Picard Angst Ltd. cannot accept any responsibility for its quality, accuracy, currency or completeness.

Please note that in any jurisdiction where a fund, sub-fund or share category is not registered for public offering, they may, subject to the applicable local regulation, only be sold in the course of private placement or institutional investments. The fund may not be distributed within the United States nor offered or sold to US persons.

Picard Angst Ltd. is an Asset Manager of collective investment schemes under the Federal Act on Collective Investment Schemes and is regulated by the Swiss Financial Market Supervisory Authority