Ashoka India Equity Investment Trust plc (AIE)

Profile

https://www.ashokaindiaequity.com

Ashoka India Equity Investment Trust plc is a UK-domiciled closed-ended investment trust dedicated to delivering long-term capital appreciation primarily through investments in securities listed on Indian stock exchanges or those of companies with significant presence in India. Launched in July 2018 and managed by White Oak Capital Management under Prashant Khemka, it benchmarks against the MSCI India IMI GBP index and maintains a low ongoing charge of approximately 0.2%. The trust primarily allocates to quoted equities but may invest up to 12% of gross assets in unquoted Indian companies, with a diversified portfolio spanning financial services (around 20%), consumer cyclical, healthcare, industrials, and technology sectors. Top holdings include OneSource Specialty Pharma Ltd, Bharti Airtel Ltd, and ICICI Bank Ltd ADR. As a FTSE 250 constituent with total assets near £470 million and around 169 million shares in issue, it plays a key role in providing UK investors targeted exposure to India's dynamic equity market, which has benefited from trends like supply chain shifts from China.