Jupiter India in freefall

DennisTenus

Good time to invest then?

FDa65rdk

dunstonh wrote: »

I do wonder if the reference to freefall on a peak to trough of -26% suggests the OP is not aware of the extreme loss potential of this fund

I know this is a highly volatile fund. I was asking what factors could be causing it to be doing so badly this year compared to previous years.

FDa65rdk

DennisTenus wrote: »

Good time to invest then?

I would but I used up the remainder of my ISA allowance when I invested more in Jupiter India when it was down at 130p and it seemed like a good time to invest.

It's now at 111p :T

DennisTenus

What loss % are you showing now you've bought more? That should have improved it.

So is this fund higher or lower risk than Baillie Gifford Greater China or Legg Mason IF Japan?

I'm down 9% on that China fund but was down 13% the other day

FDa65rdk

I initially invested in Jupiter India in April 2017 when it was 148p. I invested again in July this year when it was 131p.

Overall I'm down by 22%. It's the only investment in my portfolio that is down overall.

FDa65rdk

Also at the end of September 2017 and 2018 there were 'corporate actions' taking place in the Jupiter India fund.

In both cases the cost of my investment was reduced!!!!

I don't understand this. How can the amount paid for something be reduced retrospectively??

If I buy a watch for £100 and sell it for £200, I've made a £100 profit.

I can't say that I actually bought it for £50 and convince myself I made a £150 profit.

What is the justification for these 'corporate actions'?

This is with Hargreaves Lansdown if that helps.

bowlhead99

FDa65rdk wrote: »

Also at the end of September 2017 and 2018 there were 'corporate actions' taking place in the Jupiter India fund.

In both cases the cost of my investment was reduced!!!!

I don't understand this. How can the amount paid for something be reduced retrospectively??

For that, see your new separate thread at https://forums.moneysavingexpert.com/discussion/5901938/corporate-actions-where-the-cost-of-an-investment-is-reduced-eh to avoid getting the same answers in two different places.

TheLastMongoose

DennisTenus wrote: »

What loss % are you showing now you've bought more? That should have improved it.

So is this fund higher or lower risk than Baillie Gifford Greater China or Legg Mason IF Japan?

I'm down 9% on that China fund but was down 13% the other day

According to the documentation Jupiter India and Baille Gifford Greater China are both 6/7 on the risk profile. The Legg Mason IF Japan is 7/7. I'm not sure how much I trust those scores but I don't know what else you can go off. I know from my Jupiter India experience i'll be staying away from any 7's, 6's are exciting enough for me!


I have a very small portion of my LISA portfolio in Jupiter India. I bought more this week but with a fund like this buying more to reduce the loss or average price paid is a very limited trick or you end up being too exposed. I now have 3% of my LISA in this fund and I don't want to go much higher. If it falls a lot further I may push it to just under 5% but after that i'll just hold on and try to enjoy the ride!

I listened to a podcast yesterday, the FT money show podcast. They had a discussion about what's going on with emerging markets at the moment. It's worth a listen if you are interested.

masonic

EJS_Superted wrote: »

According to the documentation Jupiter India and Baille Gifford Greater China are both 6/7 on the risk profile. The Legg Mason IF Japan is 7/7. I'm not sure how much I trust those scores but I don't know what else you can go off. I know from my Jupiter India experience i'll be staying away from any 7's, 6's are exciting enough for me!

It would probably be preferable to use a volatility measure, such as the FE Riskgrade you can obtain on Trustnet. The fund provider will band funds according to qualitative measures, but may not make any distinction between a riskier and safer fund in the same sector.

phillsmit3

I sold mine, couldn't just watch it drop. Will keep my eye on it and might be tempted back in if it starts gaining again.