Chikara Indian Subcontinent

Introduction to the fund

This high-conviction fund focuses exclusively on domestic India, taking advantage of the Indian growth opportunity. The managers ignore the large part of the Indian stock market which is not orientated to domestic India, such as pharmaceuticals, exporters and some industrial stocks, resulting in a portfolio of 25-30 companies. The team targets the companies with the biggest long-term domestic growth opportunities and the largest addressable markets, then hold these companies for the next 10-15 years.

Fund manager

Andrew Draycott

Andy has been with Chikara since 2008, having previously worked in Hong Kong for three years at Macquaries Securities, and prior to that Merrill Lynch Asia and TT Investment Management. He gained a BA Honours in Politics from the University of Exeter.

Abhinav Mehra, Independent Investment Advisor – ISF Cap Strategic Advisors

Abhinav joined Chikara in 2016 and moved to Delhi in 2024 to set up ISF Cap Strategic Advisors LLP. He provides investment research and advisory services on Indian equities to the Chikara Indian Subcontinent Fund and the Chikara India Equity Fund. He started his career as an equity specialist in India’s leading domestic investment bank Motilal Oswal, before joining Merrill Lynch India, covering Indian equities. He has a MBA & B.Tech from the NMIMS University, Mumbai.

Opinion on fund

The fund is managed by Andy and is advised by Abhinav, who clearly complement each other well as an investment team. We believe they have the right expertise and experience to deliver strong long-term returns for investors in this exciting region.

Fund performance

Documents

Key facts

  • Fund size

    £109.2m

  • Chelsea rating

    Buy

  • Core Selection

    Yes

  • Chelsea Risk Rating

    10

  • AMC

    0.75%

  • OCF

    1.05%

  • Unit Type

    Acc

  • Yield

    –

  • FundCalibre rating

    Elite Rated

How to invest

Once you know where you want to invest, there are a number of ways you can invest:

  • Log in here and process your instruction
  • Call us on 020 7384 7300 to buy over the phone or request an application form
  • Download an application form and post it to us, along with a cheque
Find out more
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Important information

Source: Performance data sourced from FE Analytics (IA universe). Yield figures (per annum), Fund Size data and AMCs/OCFs are as at 23/01/2026 unless otherwise stated.

The performance graph, factsheets and Key Investor Information Document is provided by FEfundinfo, and updated on a daily basis.

Some funds listed are off shore-domiciled and subject to different regulations. Off shore funds typically do not offer investor compensation under the UK Financial Services Compensation Scheme (FSCS).

Performance history extended by FE fundinfo to illustrate the fund’s longer-term record.

Sector rankings calculated from multiple underlying sectors; certain funds remain unranked due to limited comparability.

Funds assigned to an alternative IA sector; sector rankings may differ accordingly.

The information provided is based on our proprietary qualitative and quantitative research. Whilst reasonable efforts have been taken to ensure accuracy, Chelsea Financial Services cannot guarantee that the information is free from errors, omissions, or inaccuracies.

This information does not constitute investment advice and should not be interpreted as a recommendation to invest in any fund listed. Past performance is not a reliable indicator of future returns.

Please read the full Important Notice on page 2 of the FundReview 2025 carefully before making investment decisions.

Whilst every effort has been made to ensure the accuracy of this information, Chelsea Financial Services takes no responsibility for any errors, omissions or inaccuracies contained therein. The funds within the Chelsea Selection are based on our proprietary research, which is both qualitative and quantitative. Please note this is not investment advice, nor does it imply that you should invest in this fund. Past performance is a not a guide to future returns.

To find out more about our Chelsea Risk Rating, please visit our dedicated page.

The AMC (annual management charge) is paid to the fund management company for managing the fund. It is calculated as a percentage of the value of the fund. The AMC is less than the Ongoing Charges Figure (OCF).

The OCF (ongoing charges figure): The cost includes the AMC and other fees such as registration, regulatory, audit and legal fees but does not include transaction costs and performance fees.