New Star issues update on new India fund

As previously reported, the new fund will be managed by Tata Asset Management Private Ltd. It will invest in approximately 40 stocks, and will have a predominantly large-cap bias. Investors will have the opportunity to benefit from a three-week fixed price offer that will run from launch until 12 noon on June 27. During this period investors will receive a 1pc discount on the 5pc initial charge. Mark Skinner, managing director, New Star, said: "The fund will give UK retail investors access to one of the world's strongest growth markets. At New Star, we believe that local knowledge of t...