Wasatch Emerging India Fund (WAINX) is a mutual fund managed by Wasatch Advisors LP that seeks long-term capital appreciation by investing primarily in equity securities of companies based in India or those conducting a majority of their business in India. The fund offers exposure to emerging market growth through a concentrated portfolio of small- and mid-cap stocks across diverse sectors including information technology, financial services, consumer discretionary, healthcare, and industrials; key holdings typically feature innovative companies such as those in software services, fintech, pharmaceuticals, and consumer goods. It provides investors with actively managed, non-diversified access to India's dynamic economy via Class I shares (WAINX), with additional share classes available for institutional and advisor platforms.
Wasatch Advisors LP, founded in 1975 and headquartered in Salt Lake City, Utah, operates the fund as part of its suite of growth-oriented mutual funds focused on small-cap and emerging markets; the firm manages over $20 billion in assets across domestic and international strategies. The fund targets growth-oriented investors seeking high-return potential from India's expanding middle class, digital transformation, and manufacturing resurgence, with geographic operations centered on India but accessible globally to U.S.-based investors through brokerage platforms.
In recent developments, the fund maintained its focus amid market volatility, with portfolio managers adjusting holdings to capitalize on India's post-election stability and infrastructure boom as of late 2025; Wasatch Advisors announced enhanced ESG integration across funds including WAINX in 2024, alongside a strategic partnership with Indian research firms for deeper local insights. No major acquisitions or name changes occurred, but the firm expanded its emerging markets team in 2025 to support funds like WAINX amid rising inflows into India-focused strategies.