Toronto-based Excel Funds Management Inc. has launched two India-focused mutual funds. Excel India Balanced Fund’s mandate is to invest in an actively managed, diversified portfolio of equities and investment-grade fixed-income securities issued in India. Excel estimates an initial annual distribution in the range of 4%. The second fund, Excel New India Leaders Fund, invests primarily in companies considered to be emerging industry leaders among a universe of more than 700 equity securities. Both funds will be managed by Birla Sun Life AMC Ltd., an asset manager based in India. For full fund details, including information about fees, visit www.excelfunds.com.
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