In this episode, we focus on the Ashoka India Equity Investment Trust (AIEIT) as a unique opportunity for investing in India's growth story. Established by White Oak Capital in 2018, AIEIT features a distinctive fee structure with no fixed management fees, only charging a performance fee tied to benchmark outperformance. The trust actively seeks to control share price discounts through an annual redemption facility at net asset value. Since its inception, AIEIT has delivered impressive returns, compounding at 14.7% annually compared to 8.7% for its benchmark, highlighting effective stock selection as the source of its alpha. The podcast discusses the strategic reasons for investing in India, AIEIT's approach to portfolio management, and the importance of rigorous research in capturing growth opportunities.