The Neptune India fund has seen inflows of over £90m since the start of the year, and a lot of these came from investors looking for foreign funds in the wake of the EU referendum.

Kunal Desai, the head of Indian equities at Neptune Asset Management explains to investment reporter Valentina Romeo how the Indian economy is enjoying structural growth with a closer look at the sharp turnaround in companies' earnings.

Kunal's £120m fund is a concentrated portfolio of 30 to 50 stocks with a turnover of 10 per cent. The fund manager says despite the fund being mostly mid-cap biased, the companies he looks at are set to become blue-chip firms in the next ten years.

The fund has returned 30.5 per cent over one year period, compared to the 8.9 per cent of the IA Specialist sector, according to Morningstar.