Fund to invest in Indian companies

The first Indian equities fund on the Australian sharemarket is seeking local investors before its listing.

The India Equities Fund plans to raise up to A$200 million ($227 million), with a minimum subscription of A$75 million.

Eighty per cent of the fund will be invested in large capitalisation companies and 20 per cent in mid-capitalisation companies.

India Equities is on offer until March 28 before listing on the stock exchange on April 5.