Jupiter is a pedigree brand in the investment fund marketplace so itsIndia fund launch hasto be considered.
Funds investing in the Indian stockmarket are few and those that do existhave short track records.The Jupiter manager – Avinash Vazirani – is nota known name.
The assumptions behind the fund seem sound – India’s economy is maturing, the middle classes are expanding rapidly, the relatively young age of the population will see long-term consumer demand over the coming decades, education is improving and the prevalence of English language skills will helpthe economy interact with Western economies.
We do not make geog-raphical calls for clients so this fund would not be used but for clients who ask for exposure to emerging/Asian markets, we would consider it although we prefer to get such exposure through funds such as Allianz Bric. Such funds give one-stop exposure to more esoteric areas of the world.
Fund charges are pretty standard. One word of war-ning – we use FundsNetwork for all investment business and Jupiter has a bizarre policy (Merlin range of funds excepted) of not paying 0.5 per cent trail to advisers on non-Isa business.
Given that the client is still charged the full 1.5 per cent annual charge, we disregard a large component of Jupiter funds for non-Isa – and therefore bigger ticket – business.
Nick Lincoln is directorof Wilson DeanFinancial Services