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Deadline approaches for Jupiter India fund deal

Investors in Jupiter’s India fund have until March 3 to take up the fixed offer price of 50 pence a unit.

The fund aims to achieve capital growth by investing in companies operating or residing in India.

Manager Avinash Vazirani says the recent market turbulence marks a good entry point for long term investors.

He says the recent market turbulence has seen the Indian market drop by 18.72 per cent from its high at the beginning of the year, volatility that has been driven as much by investors as by indicators of an impending slowdown in global growth.

Vazirani says: “While this fall has made some investors a little jumpy, the economy remains in good shape and so the falls have, in fact, created a more attractive entry point for long term investors.

He says the market correction has allowed him to invest in high quality growth companies at lower prices.

He says: “I particularly like the domestic consumption story and will be looking for stocks which should benefit from he country’s growing middle class, expected to explode from around 13.3m households in 2005 to around 138m in 2025.3”

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