QInvest, Qatar's leading Investment Bank, in collaboration with India's premier financial services partner, Ambit, announced the launch of the Ambit QInvest India Fund, an open ended Sharia'a compliant Indian Equities Fund. The fund is the region's first and India's largest Sharia'a Compliant equity fund with an investment strategy that will combine dynamic equity allocation to generate returns.
The Ambit QInvest India Fund further strengthens QInvest's position as the leading investment bank in developing Sharia'a compliant innovative solutions to satisfy its Qatari and regional clients' appetite towards investing in growth markets.
Leveraging Ambit's expertise and consistent track record, the fund offers an attractive entry point for investors to leverage the potential for long term price appreciation underpinned by strong growth drivers in the Indian market. QInvest conviction in this project and the Indian market is further demonstrated by seeding capital into the product.
Commenting on this launch, QInvest's CEO, Shahzad Shahbaz, said: " The Indian equity market provides investors with a highly attractive opportunity to invest in a diversified range of Sharia'a compliant equities.The market capitalization of Sharia'a compliant companies within the Nifty, stock market index, is nearly 60%".
"The Fund's performance in the last three months, since inception, is 10.4%" Shahbaz added.
QInvest and Ambit recently organized a professional workshop entitled "Invest in India" at the Four Seasons hotel in Doha, Qatar. Attended by a group of senior bankers and institutional investors, the workshop addressed the current status of the Indian equity market that offers distinct advantages for investors seeking to leverage the fast growing Indian market and an opportunity to diversify their portfolios.
Over 6,000 listed companies boasting in excess of US$ 1.3 trillion market capitalization has enabled the Indian stock market to be ranked as one of the best performance among emerging markets. And while China has outperformed on economic growth, India has provided consistent returns to stock market investors in the last 5 years in overall terms.