Capital preservation. Tactical opportunities. Long-term perspective.
An actively managed India allocation: USD-denominated, tactically allocated and designed to protect capital through India’s corrections. Run on Dovetail’s institutional fund platform.
Investors want India. The corrections are what test the relationship.
A passive India allocation holds the whole market all the time. We built an active, risk-managed alternative for investors who want India’s long-term growth without riding every fall.
Passive India gives the full fall
An index fund stays fully invested through every correction. We adjust exposure as the market changes.
Drawdowns drive the worst decisions
Investors who sit through a deep fall often sell near the bottom. A smoother path helps them stay invested.
Timing India from overseas is a full-time job
We project the market quarterly, monthly and twice a month, and explain every move in a weekly note.
Upside is not given away
When signals turn positive the fund adds equity step by step, so investors still take part in India’s growth.
We adjust the sails as conditions change.
Set the broad mix
Project the likely path for Indian equities and set the mix across Indian equity, USD assets, and fixed income and cash.
Refresh the view
Update the projection and adjust the allocation as the view sharpens.
Fine-tune exposure
Adjust as bull or bear signals confirm or reverse.
Find and deploy
Research finds overlooked Indian companies. New positions start small and grow only as the market confirms.
Protect and report
Sell into strength, cut exposure when bear signals return, and explain every move in the weekly note.
Three building blocks, moved with the market.
The mix changes with our projections. Roughly half the fund is typically held in USD assets.
Indian equity
Research-led stock selection, with positions that start small and grow as the market confirms.
USD assets
A large US dollar allocation that protects capital in investors’ own currency.
Indian fixed income & cash
Liquidity held in India, ready to redeploy when signals turn positive.
The fund does not guarantee capital protection or any return.
Two teams, one fund.
- Regulated manager of the fund
- Compliance, risk oversight and governance
- Middle office and back office
- Infrastructure across the key fund hubs
- Research and projections
- Asset allocation and stock selection
- Weekly allocation note
- Investor and distributor relationships
Regulated in three jurisdictions. Check for yourself.
Toronto-based, India-focused.
Udbhav Puri, CFA
Runs the investment process, from signal models to stock selection. Over a decade in North American and Indian markets.
Vardhini Tapdiya
Supports the Research Desk’s market signals and company research. Has cleared CFA Level I.
Research we publish.
Clear-eyed, contrarian thinking for global Indian investors.
