Fact sheet: Jupiter India

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
ASIA EQUITIES
Sector
UT Specialist
Fund type
Unit Trust
Primary aim
No data available.
Why Money Observer Rates Jupiter India

New for 2017. Plenty of growth potential but not for the faint-hearted

Investors in single-country funds must be especially prepared for volatility. However, we regard this fund's manager, Avinash Vazirani, as one of the UK's most experienced Indian equity investors. Vazirani makes a strong case for India's growth potential, not least its population of 1.3 billion, of whom nearly 70 per cent are under 35.

He points out that its stock market is also huge and diverse, comprising over 4,000 listed companies. They range from dynamic local airlines to innovative pharmaceuticals companies. Corporate governance, which has been a bugbear in the past, is steadily improving.

Vazirani describes himself as a 'Garp' (growth at a reasonable price) style investor, searching for companies that he believes have strong growth prospects but have been overlooked by the market. He has the flexibility to invest in medium-sized as well as larger, better known businesses.

Rather than focusing on service exports as some foreign investors do, he expects that India's long-term potential lies in its domestic economy and growing middle class.

Indian incomes are rising fast and the country's urban middle class is expected to grow from around 50 million today to reach 475 million people by 2030. He believes India's catch-up process will produce business opportunities and drive rapid economic growth.

The fund invests primarily in companies that operate or reside in India, but it may also invest in firms based in Pakistan, Sri Lanka and Bangladesh and companies which derive a significant proportion of business from India.

3 Year Performance
Fund Performance87.7%
Average of Rated Funds Group58.7%
Sector Performance19.1%
Fund information
Fund name
Jupiter India I Acc
Fund manager company
Jupiter Unit Trust Mgrs Ltd
Fund type
Unit Trust
Fund manager
  • Avinash Vaziranisince 29/02/2008
Accolades
Fund objective
The Fund aims to achieve long-term capital growth. It will invest primarily in companies which operate or reside in India. It may also invest in companies based in Pakistan, Sri Lanka and Bangladesh and in companies which derive a significant proportion of business from or within India.
Benchmark
  • MSCI India
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
18.3%
1 Year rank in sector
17/106
Sector
UT Specialist
Yield
0.5%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.09%
Fund size
£1,029m (£523m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
149
Bid price
143.95
Offer price
144.41
Top in this sector
Fund name1 Year
JPM Global Financials33.8%
AXA Framlington Financial32.6%
Baring German Gth30.4%
Jupiter Int Financials27.4%
Neptune Latin America26%
...more in UT Specialist

Performance snapshot

Holdings snapshot

  • India95.9%
    Money Market4.1%
  • Financials23.8%
    Consumer Goods22.8%
    Oil & Gas11.4%
    Industrials10%
    Health Care9.1%
  • Indian Equities95.9%
    Money Market4.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.8%0.5%7%18.3%87.7%151.2%
Sector0.2%2.3%1.4%6.8%19.1%33.7%
Rank within sector97 / 11183 / 11017 / 10617 / 1061 / 1012 / 84
Quartile4th4th1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund17.8%22.8%12.7%53.8%-13.3%
Sector5.3%22.7%-4.5%1.2%4.5%
Rank within sector7 / 10647 / 1053 / 1011 / 9776 / 87
Quartile1st2nd1st1st4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
17.45
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.29
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
1.08
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
21.5
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
17.38
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
1.03
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.35
Price movement
52 week high149.85
52 week low118.17
Current bid price143.95
Current offer price144.41
Current mid price-
Region
1India95.92%
2Money Market4.08%
Industry sector
1Financials23.79%
2Consumer Goods22.78%
3Oil & Gas11.4%
4Industrials9.97%
5Health Care9.15%
6Consumer Services9.06%
7Technology5.11%
8Money Market4.08%
9Utilities2.67%
Asset type
1Indian Equities95.92%
2Money Market4.08%
Individual holdings
1HINDUSTAN PETROLEUM6.71%
2HINDUSTAN PETROLEUM6.71%
3GODFREY PHILLIPS INDIA5.09%
4BIOCON3.17%
5BIOCON3.17%
6STATE BANK OF INDIA2.91%
7INTERGLOBE AVIATION LIMITED2.77%
8INDIAN OIL CORP2.43%
9INDIAN OIL CORP2.43%
Management
Fund manager group
Jupiter
Fund manager company
Jupiter Unit Trust Mgrs Ltd
Fund type
Unit Trust
Fund objective
The Fund aims to achieve long-term capital growth. It will invest primarily in companies which operate or reside in India. It may also invest in companies based in Pakistan, Sri Lanka and Bangladesh and in companies which derive a significant proportion of business from or within India.
Benchmark
  • MSCI India
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Avinash Vazirani29/02/2008Avinash joined Jupiter in 2007 and is currently a fund manager in the Emerging Markets team. He manages the Jupiter India Fund (Unit Trust) and the Jupiter India Select fund (SICAV), which took over the assets of a fund that Avinash managed from its launch in July 1995. Before joining Jupiter, Avinash was CIO (South Asia and Africa) of BNP Paribas Asset Management. He later founded 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.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Jupiter India Acc
Initial charge5.25%
Annual charge1.5%
Min single investment£500
Min regular saving£50
Available in ISAYes
Ongoing charge (OCF)1.84%
Total expense ratio (TER)1.88%
Bid price137.64
Offer price145.44
Mid price-
CurrencyGBX
Price updated21/08/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeB2M8
Jupiter India I Acc
Initial charge5.25%
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.09%
Total expense ratio (TER)1.1%
Bid price143.95
Offer price144.41
Mid price-
CurrencyGBX
Price updated21/08/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code09QF
Jupiter India X Acc
Initial charge5.25%
Annual charge0.65%
Min single investment£100,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.69%
Total expense ratio (TER)-
Bid price144.5
Offer price144.96
Mid price-
CurrencyGBX
Price updated21/08/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNCNN
Data provided by

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