Jupiter India Fund will be managed by Avinash Vazirani and will aim to achieve long term capital growth by investing in companies which operate or reside in India. There will be a INR0.50 fixed price offer period from launch date to March 3, 2008.
The Jupiter India Fund will invest in a diversified portfolio, holding around 60 stocks, with a bias towards medium and larger sized companies in order to preserve the liquidity of the fund. Mr Vazirani will be looking to invest in a diversified range of stocks which meet his investment criteria to achieve growth at a reasonable price, while managing risk in the portfolio.
Mr Vazirani said: India offers investors a chance to benefit from the very strong internal growth story that seems set to drive the Indian economy for the foreseeable future. India is already the fourth largest economy in the world in terms of purchasing power parity and is projected to be around 60% of the size of the US economy by 2025.
