Investment Trusts

Ashoka India Equity Investment Trust plc

AIE:LSE

Ashoka India Equity Investment Trust plc

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  • Price (GBX)252.50
  • Today's Change2.00 / 0.80%
  • Shares traded381.00k
  • 1 Year change-3.99%
  • Beta-0.0665
Data delayed at least 20 minutes, as of Feb 17 2026 16:35 GMT.
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About the company

Ashoka India Equity Investment Trust plc is a United Kingdom-based closed-ended investment company. The Company's investment objective is to achieve long-term capital appreciation, mainly through investment in securities listed in India and listed securities of companies with a significant presence in India. The Company may also invest up to 10% of gross assets (calculated at the time of investment) in unquoted companies with a significant presence in India. The Company shall primarily invest in equities and equity-related securities (including preference shares, convertible unsecured loan stock, rights, warrants and other similar securities). It invests in various sectors, such as financials, information technology, consumer discretionary, materials, consumer staples and health care. Its investment manager and alternative investment fund manager is Acorn Asset Management Ltd. The Company's investment adviser is White Oak Capital Partners Pte. Ltd.

  • Revenue in GBP (TTM)28.01m
  • Net income in GBP-1.05m
  • Incorporated2018
  • Employees0.00
  • Location
    Ashoka India Equity Investment Trust plc6Th Floor 125, London WallLONDON EC2Y 5ASUnited KingdomGBR
  • Phone+44 207 653 9690
  • Websitehttps://ashokaindiaequity.com/
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Profile

Management group(s)Ashoka WhiteOak Capital Pte. Ltd.
AIC sectorIndia/Indian Subcontinent
ISINGB00BF50VS41
Launch date06 Jul 2018
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

The investment objective of the company is to achieve long-term capital appreciation, mainly through investment in securities listed in India and listed securities of companies with a significant presence in India.The Company shall invest primarily in securities listed on any recognised stock exchange in India and securities of companies with a Significant Presence in India that are listed on stock exchanges outside India. The Company may also invest up to 10 12 per cent. of Gross Assets (calculated at the time of investment) in unquoted companies with a Significant Presence in India.

Managed by

Hiren Dasani, Ayush Abhijeet, Prashant R. Khemka

Management & contract fees

No fixed management fee is payable by the company to the Investment Manager. Performance Fee: 30% of outperformance (Capped).

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
European Opportunities Trust PLC-17.15m-27.92m399.87m0.00--0.8845-----0.4193-0.4193-0.27079.69-0.0246-------4.012.88-4.433.13--75.19--68.43----0.008.11-115.40---128.36-----10.59
Polar Capital Global Healthcare Trst PLC-23.48m-28.05m404.05m0.00--1.11-----0.2313-0.2313-0.19363.70-0.0498-------5.956.11-6.056.28--89.45--83.34---833.120.009.33-134.02---144.67----1.92
Tatton Asset Management PLC49.34m17.00m404.59m113.0024.197.1922.398.200.27290.27290.79180.91790.803--16.64436,637.2027.5226.0832.2531.68----34.2834.49----0.012871.2523.1016.2224.9214.05-2.2214.63
Schroder Japan Trust PLC25.27m20.97m406.49m0.0019.651.19--16.080.18060.18060.21782.980.0707--11.00--5.8610.566.0310.9789.3993.7982.9689.96----0.0024.41-61.29---65.64----18.46
Mortgage Advice Bureau (Holdings) PLC290.80m19.02m407.31m936.0021.575.6014.991.400.32540.32544.981.251.76--21.41310,682.7011.5812.4518.8419.5830.1728.486.576.83----0.2094106.4111.2713.1518.041.8674.1510.01
Aberdeen Asian Income Fund Ltd24.04m17.05m410.45m0.0025.651.17--17.080.11230.11230.15952.460.0587--4.69--4.165.194.545.6390.6190.1670.9476.43--11.130.080477.24157.01-2.15291.26-2.93--9.30
Fidelity Asian Values PLC51.82m43.37m412.02m0.0010.191.07--7.950.63370.63370.75096.050.1284--16.67--10.7511.2510.9211.4290.2287.2283.69132.82--48.870.0000123.74124.9527.54271.92----19.25
Gresham House Energy Storage Fund PLC-489.29k-8.27m416.84m24.00--0.6801-----0.0145-0.0145-0.00091.08-0.0008-----20,387.08-1.343.14-1.343.15--78.74--70.83----0.00127.55-7.04---5.25-----52.40
Ashoka India Equity Investment Trust PLC28.01m-1.05m424.14m0.0041,750.000.8985--15.140.000060.000060.17062.790.0579--72.37---0.217613.42-0.218713.6242.8990.56-3.7672.12----0.000.00-75.39126.29-101.09------
Foresight Environmental Infrstrctr15.39m7.24m431.35m0.0059.710.661--28.030.01160.01160.02411.050.0224------1.057.961.057.9958.7688.5847.0486.31----0.0077.98255.68--79.66----3.21
JPMorgan India Growth & Income PLC-88.99m-87.77m431.57m0.00--0.8681-----1.88-1.88-1.9611.08-0.125-------12.328.24-12.348.26--94.41--78.56----0.000.00-152.15---168.95------
Pacific Assets Trust plc-20.87m-25.18m441.05m0.00--0.9779-----0.2108-0.2108-0.1743.95-0.0413-------4.987.69-5.007.72--90.68--76.44----0.0010.611,039.4424.44839.5027.22----
Jpmorgan Uk Small Cap Growth & IncomePLC3.68m-3.02m441.64m0.00--0.9735--119.88-0.0116-0.01160.02743.630.0066--0.9725---0.54297.53-0.60948.26-57.4988.66-81.8986.77----0.0033.42-96.48-18.30-103.03----22.29
Bluefield Solar Income Fund Ltd-25.95m-28.47m442.88m0.00--0.6418-----0.0481-0.0481-0.04361.17-0.0352-------3.875.89-3.875.89------------0.0065.76-250.14---196.54----2.45
Invesco Bond Income Plus Ltd31.85m26.68m449.49m0.0013.271.03--14.110.13190.13190.15711.700.0796--28.67--6.672.657.643.5892.8586.0883.7774.66--20.120.1097180.89-13.994.84-16.463.06--3.17
Nippon Active Value Fund PLC60.88m53.83m454.34m0.008.291.15--7.460.28460.28460.32192.050.1658--30.90--14.66--14.75--94.83--88.42----34.450.0097--4.43--2.03------
Data as of Feb 17 2026. Currency figures normalised to Ashoka India Equity Investment Trust plc's reporting currency: UK Pound GBX

Institutional shareholders

41.07%Per cent of shares held by top holders
HolderShares% Held
Evelyn Partners Investment Management LLPas of 30 Jan 202616.86m9.96%
Rathbones Investment Management Ltd.as of 30 Jun 202515.14m8.94%
Raymond James Wealth Management Ltd. (Investment Management)as of 05 Feb 20268.43m4.98%
J. M. Finn & Co. Ltd.as of 30 Jun 20256.88m4.06%
Vermeer Investment Management Ltd.as of 30 Jun 20255.23m3.09%
Canaccord Genuity Asset Management Ltd.as of 30 Jun 20255.13m3.03%
Equilibrium Investment Management LLPas of 31 Oct 20254.74m2.80%
Baillie Gifford & Co.as of 31 Jan 20262.66m1.57%
BlackRock Investment Management (UK) Ltd.as of 13 Feb 20262.39m1.41%
Vanguard Asset Management Ltd.as of 31 Dec 20252.08m1.23%
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Data from 30 Jun 2025 - 11 Feb 2026Source: FactSet Research Systems Inc.
Data Provided by LSEG
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