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Jupiter India Class X - Accumulation (GBP)

Sell:118.24p Buy:118.24p Change: 0.67p (0.56%)
Prices as at 21 February 2020
Change: 0.67p (0.56%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 21 February 2020
Change: 0.67p (0.56%)
Prices as at 21 February 2020
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Our view on this Fund

This fund features on our Wealth 50 list of what we believe are the best funds in each sector.

This fund is our favoured choice for investing directly in India. There's lots of change going on in India at the moment and we think this fund has the potential to benefit. This will be a gradual process though, so a long-term outlook is essential.

Avinash Vazirani, the fund's manager, has lots of experience investing in Indian companies and built a strong long-term track record. He invests more in small and medium-sized companies than most other India funds - we think this has the potential to boost growth over the long run, but it increases risk.

This type of fund should only make up a smaller portion of an investment portfolio. It should only be held if you can accept the greater risks and volatility that come with investing in emerging markets.

Our view on the sector

India's biggest asset is its young population. Around a quarter of the world's under-25s live there and as more young people move to the cities, and their aspirations grow, lifestyles are changing. There's a large and growing middle class of several hundred million people who are likely to fuel the next leg of economic growth. India has world class companies and entrepreneurs, but it's yet to achieve its full potential. Political uncertainty and corruption have hampered progress and this highlights the higher-risk nature of investing in emerging markets. We think India has significant long-term growth potential, but a long-term view is essential.

Performance Analysis

Avinash Vazirani has delivered exceptional returns for investors over the long term. Our analysis shows the fund's focus on small and medium-sized companies has helped performance and we'd expect it to boost long-term growth. It increases volatility though, and so does the fact the fund invests in a single emerging country. These markets are at an early stage of their development, so they're more likely to suffer from political, economic and regulatory changes than developed markets.

Avinash Vazirani has a lot of experience investing in these markets and his stock-picking record gives us the confidence to support the fund on a long-term basis. As always, past performance isn't a guide to future returns.

Investment Philosophy

The manager aims to invest in companies that offer lots of growth potential, but have often been overlooked by other investors. This gives him the opportunity to invest in their shares at a more attractive price than they could be worth in future.

Process and Portfolio Construction

Avinash Vazirani carries out detailed research of individual companies. He likes companies that are supported by healthy finances and run in a way that could help them grow sustainably over the long run. He takes regular trips to India to meet company management, and to meet other business people and government officials. This helps him gain a broad understanding of the economy and specific industries, and how any developments could impact companies. He invests in companies of any size, including small, medium-sized and larger companies.

question mark Manager Track Record Based on HL Quantitative Research

  • Jupiter India Acc
  • FTSE India TR

Fund Track Record

21/02/15 to 21/02/16 21/02/16 to 21/02/17 21/02/17 to 21/02/18 21/02/18 to 21/02/19 21/02/19 to 21/02/20
Annual return n/a n/a 0.76% -20.32% 9.29%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Fund Management Group Comment

Launched in 1985 as a specialist boutique, Jupiter has grown to be one of the UK's most successful and respected investment management groups. Jupiter currently manages assets spread across a range of UK and offshore mutual funds, multi-manager products, hedge funds, institutional mandates and investment companies. Jupiter has gained a reputation for achieving outperformance across a broad variety of portfolios specialising in different markets, including UK equities, Europe and bonds.

Information about the fund

Fund manager biography

manager photo
Manager Name: Avinash Vazirani
Manager start date: 29 February 2008
Manager located in: London

Avinash Vazirani joined Jupiter in 2007 as Head of the South Asia Equities Team. He manages the Jupiter India Fund and the Jupiter India Select SICAV (which acquired the assets of the Peninsular South Asia Access Fund, which he ran from launch in July 1995). Prior to joining Jupiter, Avinash was CIO (South Asia and Africa) of BNP Paribas Asset Management; he later left to found Peninsular Capital Partners LLP in 2005, where he was Managing Partner. He was also the CEO of GEM Dolphin Investment Managers from 1994 until its sale in 1997. Avinash is a qualified Chartered Accountant.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account