Factsheet: Jupiter India I Acc

Asia Equities

Rated Fund 2017-2018. Targets growing Indian middle class

Investors in single country funds must be especially prepared for volatility. Jupiter India underperformed its benchmark during 2017, but remains well ahead over three and five years. Avinash Vazirani, its manager since launch in 2008, is one of the UK's most experienced Indian equity investors with more than 20 years' experience. 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. India is now home to the world's eighth biggest stock market, overtaking Canada for the first time in almost a decade at the end of 2017 with a market value of $2.29 trillion. Vazirani describes himself as a 'Garp' (growth at a reasonable price) investor, searching for companies that he believes have strong growth prospects yet 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 services exports as some foreign investors do, he believes 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 that derive a significant proportion of business from India.

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
Jupiter India I Acc
Manager
Jupiter Unit Trust Managers Ltd
Type
Unit Trust
ISIN
GB00B4TZHH95
Sector
Specialist
Launched
19/09/2011
OCF
1.09 %
Risk Rating
5
3 Year Sharpe
0.67
3 Year Alpha
0.60
Yield
0.5 %
Benchmark
MSCI India NR USD
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.
Holding %
Hindustan Petroleum Corp Ltd 7.68 %
Biocon Ltd 4.62 %
Godfrey Phillips India Ltd 3.46 %
Bharat Petroleum Corp Ltd 3.28 %
Reliance Capital Ltd 2.84 %
Piramal Enterprises 7.8% 11/04/19 2.74 %
State Bank of India 2.69 %
InterGlobe Aviation Ltd 2.57 %
Gillette India Ltd 2.42 %
Indian Oil Corp Ltd 2.34 %
Region %
Asia - Emerging 99.77 %
Sector %
Financial Services 26.98 %
Consumer Cyclical 16.24 %
Energy 14.45 %
Consumer Defensive 13.09 %
Healthcare 11.08 %
Industrials 6.48 %
Name
Jupiter Unit Trust Managers Ltd
Address
SW1E 6SQ, London, United Kingdom
UCITS
Yes
Legal Structure
Unit Trust

Managers

Avinash Vazirani
Joined 02/29/2008

Avinash Vazirani joined Jupiter in 2007 as head of the South Asia Equities Team. He manages the Jupiter India Select Sicav,(with assets rolled over from Peninsular South Asia Access Fund, managed by Avinash since launch in July 1995).Prior to joining Jupiter, Avinash was CIO (South Asia and Africa) of BNP Paribas Asset Management before he left to found Peninsular Capital Partners LLP in 2005, where he acted as Managing Partner. He was the CEO of GEM Dolphin Investment Managers from 1994 until its sale in 1997. Avinash qualified as a Chartered Accountant in 1986.Avinash has managed the Jupiter India Fund since launch in February 2008. Avinash is a qualified Chartered Accountant (ACA 1986).

Data provided by Morningstar.

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