Jupiter India Class X Fund

RobStaffs

Since I bought into this fund in 2017/18 I have lost around £3k. It has dropped in terms of ranking and doesn't seem be moving upwards anytime soon. I am tempted to sell but does anyone see a recovery in the India over the next year or would it be best to cut my losses. I don't normally buy into country specific funds.

Alistair31

I’ve no idea what the fund is invested in inside India in terms of sectors etc and I have no vested interest but If it is broad and you accept that poorer countries are becoming less poor and more advanced then it follows that the direction of travel is up for companies doing business there.

Personally, I’d hold. But then again I’ve never experienced a £3k loss on any of my funds, let alone crystallised it by selling out.

Good luck whatever you decide.

jamei305

It's heavily exposed to the oil and finance sectors, and took a hit partly due to state intervention in the oil market. It's also overweight in small and mid caps. Therefore it was always going to be highly volatile.

[Deleted User]

Hi,


here's a thread from just over a year ago, things might have changed since then.

quirkydeptless

Well it's still in the Hargreaves Lansdown Wealth 50, so, erm...


:huh:

RobStaffs

Thanks for the comments. I am almost tempted to hold and sit it out. I don't take income from any of my funds so I can take a longer term view. I may have over stated my losses. I am actually down £1.5k on an investment of £15k. I might reduce my exposure though as 10% of my holdings are in India.

RobStaffs

quirkydeptless wrote: »

Well it's still in the Hargreaves Lansdown Wealth 50, so, erm...


:huh:

Its not all doom and gloom in the Wealth 50. Some of my funds have done very well.

bowlhead99

RobStaffs wrote: »

doesn't seem be moving upwards anytime soon.

'Doesn't seem' (commentary on what something is currently doing)

'moving upwards anytime soon' (description of something happening in the future)

Doesn't seem that it's going to go up in the future, implies you know the future. Of that, I'm sceptical.

I don't normally buy into country specific funds.

That would be a good reason to cease holding it, regardless of whether it happens to go up or down next.

Voyager2002

RobStaffs wrote: »

Thanks for the comments. I am almost tempted to hold and sit it out. I don't take income from any of my funds so I can take a longer term view. I may have over stated my losses. I am actually down £1.5k on an investment of £15k. I might reduce my exposure though as 10% of my holdings are in India.

My arithmetic tells me that this thread is about the loss of 1 per cent of your portfolio (a ten per cent loss on this fund, which represents ten per cent of your investments). Not something to be concerned about, presuming that other investments have performed satisfactorily.

Some obvious questions:

Do you want exposure to India at all, and if so, what percentage of your investments? (Personally I would answer 'yes', and ten per cent seems reasonable.) If so, would you prefer to gain this through managed funds that invest purely in India, or that include India as part of a wider area? (You may take a view as to whether a management team concentrating on a single country would do a better job than one that monitors an entire region. And while there is no fundamental difference between a portfolio divided into five single-country funds versus one fund that invests in those five countries, each single-country fund will show greater volatility than one regional fund.)

How has this fund performed against its benchmark? Have other India funds done better?

Since this fund is overweight in particular sectors of the Indian economy, do you have a view about how these sectors will do in the future?

Disclaimer: India has been an important part of my portfolio for many years, accessed through ITs offered by Aberdeen. I have been happy with performance up to now, but fear that Modi's government has really lost its marbles and fear that the next few years will be decidedly bumpy.

Ceme3000

quirkydeptless wrote: »

Well it's still in the Hargreaves Lansdown Wealth 50, so, erm...


:huh:

That's HL's wealth though, not yours.

bostonerimus

RobStaffs wrote: »

Since I bought into this fund in 2017/18 I have lost around £3k. It has dropped in terms of ranking and doesn't seem be moving upwards anytime soon. I am tempted to sell but does anyone see a recovery in the India over the next year or would it be best to cut my losses. I don't normally buy into country specific funds.

Sell and get back to doing things normally,