Matthews India Fund

Portfolio Holdings: 31 March 2018

Security Sector Shares Value
Suzuki Motor Corp. Consumer Discretionary 118,900 6,387,991
HDFC Bank, Ltd. Financials 208,087 6,017,520
ITC, Ltd. Consumer Staples 1,396,071 5,468,980
IndusInd Bank, Ltd. Financials 189,594 5,223,001
Eicher Motors, Ltd. Industrials 11,844 5,152,360
Kotak Mahindra Bank, Ltd. Financials 291,900 4,689,433
Shriram City Union Finance, Ltd. Financials 117,897 3,853,063
Housing Development Finance Corp., Ltd. Financials 120,167 3,363,557
Tata Consultancy Services, Ltd. Information Technology 67,127 2,932,381
Marico, Ltd. Consumer Staples 566,533 2,832,157
Ajanta Pharma, Ltd. Health Care 131,679 2,807,040
VST Industries, Ltd. Consumer Staples 59,903 2,696,391
Zydus Wellness, Ltd. Consumer Staples 137,956 2,490,737
Alembic Pharmaceuticals, Ltd. Health Care 270,487 2,274,113
Mphasis, Ltd. Information Technology 177,000 2,273,503
Sundaram Finance, Ltd. Financials 85,507 2,198,844
Info Edge India, Ltd. Information Technology 117,969 2,125,991
Cholamandalam Investment and Finance Co., Ltd. Financials 89,191 1,983,498
Caplin Point Laboratories, Ltd. Health Care 226,796 1,980,501
Dabur India, Ltd. Consumer Staples 384,404 1,935,526
Bharat Financial Inclusion, Ltd. Financials 114,923 1,932,689
Yes Bank, Ltd. Financials 408,723 1,910,395
Cognizant Technology Solutions Corp. Class A Information Technology 21,400 1,712,799
Emami, Ltd. Consumer Staples 101,688 1,666,458
Symphony, Ltd. Consumer Discretionary 59,052 1,622,348
Nestle India, Ltd. Consumer Staples 12,896 1,622,052
Pidilite Industries, Ltd. Materials 115,260 1,621,939
Ashok Leyland, Ltd. Industrials 712,265 1,588,412
Blue Dart Express, Ltd. Industrials 27,118 1,566,978
Bajaj Corp., Ltd. Consumer Staples 216,155 1,564,448
DCB Bank, Ltd. Financials 631,328 1,563,759
AIA Engineering, Ltd. Industrials 69,697 1,540,304
InterGlobe Aviation, Ltd. Industrials 68,625 1,357,786
GRUH Finance, Ltd. Financials 149,299 1,316,805
CRISIL, Ltd. Financials 41,120 1,188,080
Castrol India, Ltd. Materials 371,672 1,167,642
eClerx Services, Ltd. Information Technology 55,221 1,017,269
LA Opala RG, Ltd. Consumer Discretionary 222,428 978,085
Mindtree, Ltd. Information Technology 73,949 875,244
Sun Pharmaceutical Industries, Ltd. Health Care 106,097 805,386
UPL, Ltd. Materials 69,310 776,024
Asian Paints, Ltd. Materials 44,320 761,344
Poly Medicure, Ltd. Health Care 169,400 652,181
Bajaj Finance, Ltd. Financials 23,081 625,510
Eris Lifesciences, Ltd. Health Care 47,195 578,706
Taro Pharmaceutical Industries, Ltd. Health Care 5,500 544,573
Dixon Technologies India, Ltd. Consumer Discretionary 9,500 479,365
Container Corp. of India, Ltd. Industrials 23,150 441,940
Sundaram Finance Holdings, Ltd. Industrials 85,507 407,072
IDFC Bank, Ltd. Financials 547,186 397,249
Page Industries, Ltd. Consumer Discretionary 1,130 393,022
Supreme Industries, Ltd. Materials 16,681 305,388
Titan Co., Ltd. Consumer Discretionary 19,745 285,269
NMDC, Ltd. Materials 137,200 249,381
Axis Bank, Ltd. Financials 29,348 229,711
Net Cash 924,379 924,379


The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or a recommendation to buy or sell securities or other investments.

Portfolio holdings are subject to change without notice and may not represent current or future portfolio composition.

Investors should ascertain from their professional advisers the consequences of investing in the Fund under the relevant laws of the jurisdictions to which they are subject, including the tax consequences and any exchange control requirement. Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before making an investment decision. The current prospectus contains this and other information. Applications for shares may only be made on the Fund’s most recent prospectus which is available at global.matthewsasia.com. Please read the prospectus carefully before investing.