Equity

BGF India Fund

Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

Loading

Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
View full chart

Reinvestments

This fund does not have any distributions data as of now.

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total Return (%) 57.96 10.33 4.93 23.69 -7.72 10.06 0.03 35.83 -9.63 12.96
Constraint Benchmark 1 (%) 41.06 4.57 1.52 21.88 -2.63 9.55 8.19 36.26 -1.70 16.83

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

  1Y 3Y 5Y 10y Incept.
23.10 9.46 7.88 11.87 10.19
Constraint Benchmark 1 (%) 37.74 15.75 13.03 12.70 -
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
4.29 -1.60 4.29 7.49 23.10 31.16 46.11 206.94 541.57
Constraint Benchmark 1 (%) 8.49 1.01 8.49 16.35 37.74 55.07 84.45 230.67 -
  From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
From
31-Mar-2021
To
31-Mar-2022
From
31-Mar-2022
To
31-Mar-2023
From
31-Mar-2023
To
31-Mar-2024
Total Return (%)

as of Mar 31, 2024

-31.23 61.99 18.55 -10.12 23.10
Constraint Benchmark 1 (%)

as of Mar 31, 2024

-29.25 68.12 24.80 -9.79 37.74
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in EUR, hedged share class benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets of Fund as of Apr 15, 2024 USD 538,017,733
Share Class Inception Date Feb 2, 2005
Fund Inception Date Feb 2, 2005
Share Class Currency EUR
Base Currency USD
Asset Class Equity
Constraint Benchmark 1 MSCI India 10-40 NET EUR Index
SFDR Classification Other
Initial Charge 5.00%
Ongoing Charge 1.92%
ISIN LU0248271941
Annual Management Fee 1.50%
Performance Fee 0.00%
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment -
Use of Income Accumulating
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Morningstar Category India Equity
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Bloomberg Ticker MLINA2E
SEDOL B14XYR6

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of Mar 28, 2024 42
Standard Deviation (3y) as of Mar 31, 2024 14.58%
3y Beta as of Mar 31, 2024 0.856
P/E Ratio as of Mar 28, 2024 26.82
P/B Ratio as of Mar 28, 2024 3.77

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of Mar 28, 2024 3.21%
MSCI - UN Global Compact Violators as of Mar 28, 2024 0.00%
MSCI - Nuclear Weapons as of Mar 28, 2024 0.00%
MSCI - Thermal Coal as of Mar 28, 2024 0.00%
MSCI - Civilian Firearms as of Mar 28, 2024 0.00%
MSCI - Oil Sands as of Mar 28, 2024 0.00%
MSCI - Tobacco as of Mar 28, 2024 1.30%

Business Involvement Coverage as of Mar 28, 2024 97.75%
Percentage of Fund not covered as of Mar 28, 2024 2.24%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.00%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in combination with other information in the research phase of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Ratings

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Mar 28, 2024
Name Weight (%)
INFOSYS LTD 7.22
RELIANCE INDUSTRIES LTD 6.82
TATA CONSULTANCY SERVICES LTD 5.10
AXIS BANK LTD 4.27
ICICI BANK LTD 4.11
Name Weight (%)
MAHINDRA AND MAHINDRA LTD 3.69
ULTRATECH CEMENT LTD 3.52
LARSEN AND TOUBRO LTD 3.06
NTPC LTD 2.88
ADITYA BIRLA CAPITAL LTD 2.74
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Mar 28, 2024

% of Market Value

Type Fund Benchmark Net
as of Mar 28, 2024

% of Market Value

Type Fund Benchmark Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
A2 EUR 51.08 -0.42 -0.82 Apr 15, 2024 51.50 39.90 LU0248271941
D2 USD 61.80 -0.53 -0.85 Apr 15, 2024 62.85 49.38 LU0724618193
E2 EUR 46.69 -0.39 -0.83 Apr 15, 2024 47.08 36.65 LU0248273566
I2 USD 10.54 -0.09 -0.85 Apr 15, 2024 10.72 8.40 LU2386952878
X2 USD 20.55 -0.18 -0.87 Apr 15, 2024 20.90 16.26 LU0248274374
E2 USD 49.67 -0.43 -0.86 Apr 15, 2024 50.52 40.18 LU0248273137
A4 GBP 43.81 -0.44 -0.99 Apr 15, 2024 44.27 35.32 LU0250163515
C2 EUR 40.00 -0.33 -0.82 Apr 15, 2024 40.33 31.63 LU0331285840
A2 USD 54.33 -0.47 -0.86 Apr 15, 2024 55.26 43.74 LU0248272758
D2 EUR 58.10 -0.47 -0.80 Apr 15, 2024 58.57 45.05 LU0288299570
D4 GBP 47.70 -0.48 -1.00 Apr 15, 2024 48.20 38.17 LU0827882712
C2 USD 42.55 -0.37 -0.86 Apr 15, 2024 43.28 34.68 LU0248424524

Portfolio Managers

Portfolio Managers

Prasoon Agrawal
Prasoon Agrawal
Karthik Sankaran
Karthik Sankaran

Literature

Literature