India Growth Funds

LULULU1

Looking to drip feed each money into an Indian growth fund for some dividend payments.

Just wondered if anyone had any information or could point me in a direction for these or any doing well at the moment.

Many Thanks

ColdIron

Your title says growth but you say you are looking for dividends, what are you trying to achieve?
This thread may be of interest
https://forums.moneysavingexpert.com/discussion/5722678

LULULU1

Sorry I didn't explain myself very well. I meant accumulation, (I believe this to mean any dividends automatically reinvested).

India just seems to be an under valued and discussed area.

Thanks

bowlhead99

LULULU1 wrote: »

India just seems to be an under valued and discussed area.

On the contrary it has been hyped above most other emerging markets ever since Modi became PM over three years ago, and there are tens of specialist funds which either focus on that market or include the market as part of an Asian theme or emerging markets theme. If you look at performance charts you will see several India funds up there in the last few years.

Sure, investing in India alone to the exclusion of all the other markets on the planet is a rather specialist thing to do, hence if you think it is the one basket into which you should put your eggs, you'd probably find that strategy 'under-discussed' because most people are talking about having broad portfolios with only a small piece in India.

Sorry I didn't explain myself very well. I meant accumulation, (I believe this to mean any dividends automatically reinvested).

So you are not particularly looking 'for some dividend payments' requested in your original post, but quite the opposite - you want to invest in India for growth and any money you make from it, invest it back into India.

Just wondered if anyone had any information or could point me in a direction for these or any doing well at the moment.

If you're unable to identify funds 'doing well at the moment' by looking at a list of funds and seeing which ones are topping the chart on short-term performance measures on Trustnet.com or Morningstar.co.uk, you're probably ill-equipped to take the much more complicated step of working out which ones among them will be the best for the future.

I quite like JPMorgan's Indian Investment Trust (JII) which has done well over the years. For open ended funds I would prefer Matthews Asia's India Fund's allocation across company size and industry sector to what you get in the Bombay 100 index. However, if you don't have an opinion yourself, or much knowledge of the Indian economy or markets, or any background information on how the various rival funds have constructed their portfolios to make their money in India in the last 5 years - which probably goes for 99%+ of the UK population - you are probably on a hiding to nothing trying to pick the absolute best funds for what you want to achieve (some arbitrary goal of growth or dividends without much understanding of the region or investments generally).

Why not use a fund which invests more broadly across regions and markets? If you don't know what you are doing and simply take recommendations from random strangers here - who don't know you and have no incentivisation to give you a good outcome - it is frankly a coin toss.

bigadaj

I find India very interesting but it's still very much emerging markets territory, unlike say China which is only slightly emerging markets id say.

There's still the whole issue around curry controls, China obviously still has a peg but this is of the trump currency manipulation keeping a weak currency rather than the India type desperation to keep hard currency within the country.

The other problem with modi is jingoism and an India first policy, his mandate and policies are still quite protectionist and not free trade aligned which doesn't bode well.

Just listened to a freakonomics podcast on language, modi gave a speech in Moscow apparently at a forum but insisted on doing this in Hindi rather than English. The subsequent poor quality translation from Hindi to Russian, whether via English or not, apparently turned off the majority of the audience from taking any notice of his speech content and pronouncements.

It's a country with huge potential, but it's taken decades for that not really to be realised, and even if the economy continues to grow and strengthen this won't necessarily be reflected in stock markets or other investments, where China could be a more relevant analogy.

eskbanker

bigadaj wrote: »

There's still the whole issue around curry controls

Protectionist policies aimed at keeping all the best recipes in their homeland perhaps?

aroominyork

Not enough curry control and you might get runs on the Rupee.

Malthusian

bigadaj wrote: »

There's still the whole issue around curry controls

In my opinion it's a naan-issue.

aroominyork

My joke was much better than Malthusian but he gets four ticks and I only get two? And estbanker's was barely a joke and even he gets three. I've a good mind to stop posting on here (and if that doesn't get me ten ticks, nothing will).