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Manulife Shariah India Equity Fund

India: a rising investment destination

Why Shariah-compliant India equities

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Potentially the world’s next manufacturing powerhouse

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Index performance: Shariah vs. Conventional

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Why invest in Shariah-compliant India equities now?

 

Features of the Manulife Shariah India Equity Fund strategy

  • Exclusion of financial sectors to alleviate concerns of financial burden from deleveraging.
 
  • Benefits from inclusion of India’s rapidly growing rural economy driving sectoral growth.
 
  • India’s push for growing its manufacturing share of gross domestic product (GDP) should provide opportunities for import substitution and increase the country’s global market share of exports.
 
  • Capitalises on bottom-up opportunities.

 

Sector specific opportunities1

Consumer 

 

  • Strong consumer market
  • Rural consumption growth

Industrial

 

  • Exposure to low end manufacturing
  • Potential for localisation and import substitution
  • China+1 strategy

Technology

  • Leader in outsourced IT services

Real Estate

  • Urbanisation

Energy2

 

  • Renewable energy push
  • Clean, affordable and reliable energy

Healthcare3

 

  • Growth in pharmaceuticals
  • Largest provider of generic medication globally

Source:

1 Manulife Investment Management.

2 India Brand Equity Foundation: Renewable Energy Industry in India, updated as at 17 December 2021.

3 India Brand Equity Foundation: Indian Pharmaceutical Industry, updated as at 17 December 2021. For illustrative purposes only. Not an exclusive list for investment opportunities.

 

Potentially the world’s next manufacturing powerhouse 

 

  • Fueled by globally competitive wages and ample supply of young labour force.
 
  • A rising investment destination in global multinational corporations’ China+1 strategy.
 
  • Major infrastructure projects have been launched by the government to achieve manufacturing competitiveness and to lower logistics and supply chain costs such as the National Infrastructure Pipeline, Dedicated Freight Corridor Programme, port infrastructure upgrades and transportation corridors5.

 

Ranking of preferred production locations outside of China

 

Ranking of preferred production locations outside of China

Source: Credit Suisse Corporate Survey, Credit Suisse research, as of March 2020.

5 Source: India Briefing from Dezan Shira & Associates, India’s Connectivity Infrastructure: Tracking the Status of Keystone Projects, 10 August 2021 - https://www.india-briefing.com/news/indias-connectivity-infrastructure-projects-status-implementation-22883.html/. The above information may contain projections or other forward-looking statements regarding future events, targets, management discipline or other expectations. There is no such assurance that such events will occur, and the future course may be significantly different from that shown here.

 

Index performance: Shariah vs. Conventional

Average long term default rates (1990 – 2020)
Index Performance - Shariah vs Conventional

Source: Lipper IM for the period 31 August 2011 – 31 August 2021.

Past performance is not necessarily indicative of future performance. The Nifty 500 & Nifty 500 Shariah indexes are used to illustrate the broader India Equities universe and do not represent the Fund’s benchmark.

 

Contact your unit trust adviser or call our Customer Service at 03-2719 9271 for more information.

 

 

 

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