New Star offers initial discount on new India fund

The New Star Indian Equity fund, set to be launched on 9 June, will invest in a wide range of up-and-coming Indian firms and will adopt a large cap bias, it says. New Star will seek investment advice from Mumbai-based Tata Asset Management, a subsidiary of the Tata Group, throughout its management of the fund, which offers a 1% discount on the 5% initial charge between 9 and 27 June. Mark Skinner, managing director of New Star Investment Funds, says: “The fund will give UK retail investors access to one of the world’s strongest growth markets. “At New Star, we believe that local knowl...