Bhim Asdhir, President and CEO of Excel India Fund, is recipient of a 2016 FundGrade A+ prestigious Award.
It is presented annually by the Fundata, a leading provider of market and investment funds data to the Canadian financial services industry and business media, to Canadian investment funds for their outstanding, risk-adjusted performance throughout the entire calendar year.
“This award (presented in Toronto) is yet another testament to the strength of our portfolio management team and their overall investment approach,” Asdhir told The Indian Diaspora.
Besides Excel India Fund, Asdhir has launched a number of other funds and most of these are doing very well.
“Throughout the past year, the Excel High Income Fund has been recognized each month for outperforming its peers, and to be presented with this A+ Award from Fundata, following a year that was filled with so many surprises for global investors, is really an impressive feast,” Asdhir said.
Excel India fund, that Asdhir launched in 1998, has become the only India-specific fund with very high yield and it’s managed in India by the Aditya Birla Group. Now Excel Fund, besides India fund, has a dozen other funds.
The Excel High Income Fund targets attractive total returns comprised of interest income and capital gains by investing in high-quality emerging market bonds and currencies. The fund has a monthly distribution yield, at an annualized rate of 5.8 percent.
In addition to being a FundGrade A+ Award recipient, the Excel High Income Fund also has an overall 5-star rating from Morningstar Canada. Net portfolio of Excel Fund, Asdhir said in an earlier interview, has now reached in excess of $750-million.