Ashoka India Equity (ticker: AIE) joined the London market in July 2018, raising a modest £46m at 100p per share. It has been the best performer of the four Indian trusts since it was launched, and this has led to it frequently trading at a premium rating. Ongoing regular issuance has seen its share count rise from 46m to 169m and its net assets increase nearly tenfold to £440m. AIE also offers an uncapped annual redemption facility, which has so far seen very modest take-up. The highly-rated Indian market has struggled in the last couple of years, though, and so AIE currently trades at a 5% d...