FIIN - Fidelity India Active ETF

[frugal.rock]

Fidelity India Active ETF ASX:FIIN

Fidelity India Fund is a well-diversified portfolio of 50 to 70 Indian companies across a broad range of sectors. Find out more today.

www.fidelity.com.au

Admitted 31/5/2024

 

[divs4ever]

Fidelity India Fund quarterly top 10 stock positions*
1 ICICI Bank Ltd is the second-largest private-sector bank in India and operates a network of branches located throughout India. The bank specialises in retail and corporate banking, in addition to forex and treasury operations. It also provides a wide variety of investment banking, insurance and financial services to its clients.
2 HDFC Bank Ltd is the largest private-sector bank in India, focused on retail lending. It has a track record of generating strong returns on equity through cycles and it benefits from an excellent management team and leading technology for banking systems.
3 Infosys Limited is India’s second-largest IT services company. Its services include application development, product co-development, and system implementation and system engineering, targeting businesses specialising in the insurance, banking, telecommunications and manufacturing sectors. Infosys pioneered the global delivery model and became the first IT company from India to be listed on the NASDAQ.
4 AXIS Bank is the third-largest private-sector bank in India. It provides a full range of banking services throughout India. The group’s activities include retail banking, investment management, merchant banking, treasury, cash and credit management services, and ATM facilities. It has a healthy balance sheet and asset quality.
5 Reliance Industries is a conglomerate that owns a petroleum refinery-cum-petrochemicals complex in Jamnagar, India that produces a wide range of products such as gasoline, superior kerosene oil and liquefied petroleum gas. The company has been investing in retailing and internet and telecommunications services and expanding its digital business.
6 HCL Technologies Ltd is a global technology company that provides software development and related engineering services. The group’s technologies utilise a variety of technologies, including Internet and e-commerce, networking, internet telephony, embedded software, satellite and wireless communications. Quarterly top 10 stock positions 31 March 2024 Fidelity India Fund quarterly top 10 stock positions* (continued)
7 Maruti Suzuki India Ltd manufactures and exports automobiles. Maruti collaborates with Suzuki of Japan to produce affordable cars for the average Indian. It has strong moats around distribution, scale, low cost of ownership and high localisation of components, and is benefiting from a strong new models cycle.
8 Bharti Airtel Ltd is a global telecommunications company with operations in 18 countries across Asia and Africa. The company is headquartered in New Delhi. Bharti Airtel Limited offers 2G, 3G and 4G wireless services, and mobile commerce in India. It can drive strong mobility growth in India and should continue to gain market share as fifth generation (5G) increases.
9 Ultratech Cement Ltd, India’s largest cement player, is a subsidiary of Indian multinational conglomerate, Aditya Birla Group. It is the largest manufacturer of grey cement, ready-mix concrete and white cement.
10 Fortis Healthcare India Ltd is a health care provider. The company operates multi-specialty hospitals, a boutique-style hospital, and various satellite and heart command centres.

*****

useful for getting to understand some Indian companies

MER is high over 1%

pays annually



i already hold IIND , but not as much duplication of stocks as you would expect

...maybe a counter-balance for India exposure

food for thought

thanks