Can funds actually go bust?

Prism

Chippy99 wrote: »

I just looked at the charts. 9,xxx 1 year ago, 10,316 today. I'd say that was up..

If you want to compare it to Jupiter India you need to convert that to pounds.

aroominyork

Chippy99 wrote: »

I just looked at the charts. 9,xxx 1 year ago, 10,316 today. I'd say that was up.

9,979 a year ago.

Chippy99

Prism wrote: »

If you want to compare it to Jupiter India you need to convert that to pounds.

Of course, I was just responding to the suggestion that Nifty 50 is down 7% over the last 12 months. It is 4.3% up.

Chippy99

aroominyork wrote: »

9,979 a year ago.

Which is lower than today, i.e. today it is up. Not 7% down.

GDP is +13% against the rupee in the past 12 months and the Nifty is +4.3% up.

In that context how is Jupiter India's -24.36% over the same period (and probably -27% when it's revalued later today) "outperforming its benchmark"?

Even allowing for currency conversion the fund's performance is well below that of the Nifty over the past 12 months.

Prism

Chippy99 wrote: »

Of course, I was just responding to the suggestion that Nifty 50 is down 7% over the last 12 months. It is 4.3% up.

Yes i know but your original comparision was between Jupiter India and the Nifty and how badly Jupiter had done. When you factor in the currency difference its still pretty bad but not quite as bad. Trustnet reckons Jupiter India is -25% over the last year btw

Chippy99

Prism wrote: »

Yes i know but your original comparision was between Jupiter India and the Nifty and how badly Jupiter had done. When you factor in the currency difference its still pretty bad but not quite as bad. Trustnet reckons Jupiter India is -25% over the last year btw

Yes understood. I had my numbers wrong in my initial post. It's only done "badly" ;-)

Prism

Chippy99 wrote: »

Yes understood. I had my numbers wrong in my initial post. It's only done "badly" ;-)

Fair enough I hope you are ready for todays drop... looking like around -4%

I hold it too

Chippy99

Yep as expected. Down 4.76% in one day, another £2k down the pan. Against a backdrop of +0.91% GDP/INR and -2.67% on the Nifty. So (yet) another day of Jupiter underperforming against the market.

dunstonh

Chippy99 wrote: »

Yep as expected. Down 4.76% in one day, another £2k down the pan. Against a backdrop of +0.91% GDP/INR and -2.67% on the Nifty. So (yet) another day of Jupiter underperforming against the market.

I would say sell the fund as you are not quite getting it at the moment.

ColdIron

Might be of interest
https://citywire.co.uk/money/jupiters-vazirani-reels-as-major-oil-call-backfires/a1162443