Jpmorgan Indian Investment Share Discussion Threads

[robertball] 12/9/2024 17:50

Up a lot today

[loganair] 07/6/2024 09:43

MoneyWeek - What to look for when opting for Indian funds:


We have a choice of four India investment trusts: Abrdn New India (LSE: ANII), Ashoka India Equity (LSE: AIE), India Capital Growth (LSE: IGC) and JP Morgan Indian (LSE: JII). Ashoka has the strongest record over five years, followed by India Capital Growth.

Both have comfortably beaten the market, due in part to their heavy tilt toward smaller growth companies, as well as any value that the managers have added through stock selection (Ashoka has 43% in small caps, India Capital Growth has 50%).

Both New India and JP Morgan Indian have lagged the benchmark, which reflects a greater weight in large caps, plus perhaps a more conservative approach. Certainly, New India explicitly favours large-cap, high-quality stocks, and these tend to lag when markets are as exuberant as India is now.

Therein lies the tricky decision. Valuations for small growth stocks reflect that optimism: the MSCI India Small Cap is on a trailing price/ earnings ratio of 34 – albeit with high forecast earnings growth – while the MSCI India is on 26.

The trusts that have done well on the back of the small-cap boom are very popular with investors. Ashoka trades at a near -2% premium to net asset value (NAV), while India Capital Growth is on a fairly modest 6% discount. In contrast, Abrdn and JP Morgan are on a 17% discount. If you are very bullish the obvious choice is to hold Ashoka or India Capital Growth.

However, if you fear the market is a little frothy but want to back it for the long term, you might expect one of the ETFs to hold up better during pullbacks or favour New India, with its more conservative portfolio and wider discount.

[martincc] 15/2/2024 12:23

director buying 5000 at 933p

[martincc] 08/2/2024 10:30

nav bouncing back a bit, 6 up days in a row now

[arja] 18/9/2023 08:17

i just thought it might be reason for the fall sllab101 . Not many investment trusts pay a divi I think . Indian indices down today on back of falling US indices .

[sllab101] 15/9/2023 14:34

Does jii give a div, I didn't think did.

[robertball] 15/9/2023 14:05

Price action at yesterday close was erratic

[arja] 15/9/2023 11:55

surprised it is down today as Indian indices rising . Maybe it is ex div day and I must check . has a much wider discount to NAV than IGC for some reason but I only trade NONE SD stocks like IGC

[loganair] 26/8/2023 05:40

All good points...

[essentialinvestor] 25/8/2023 14:10

I hold JII and just a couple of points on some of the recent comments.

There has already been extraordinary returns over many years - look at a longer
term chart.

Also the Indian economy does not exist in a vacuum, weak China macro impacts India,
but India may also be a longer term beneficiary of Xi's regime as companies
increasingly favour India for investment and future growth.

[cottlet] 07/8/2023 18:11

Rishi Sunak had a huge opportunity to improve relations with India and to do trade deals.
Has this happened?

[loganair] 19/7/2023 08:00

The US is suffering from high inflation, a ballooning debt crisis, and stagnant growth while China is currently experiencing the greatest housing market collapse in history, while watching youth unemployment sky-rocket.

So, if both China and the US are struggling against each other, taking self-inflicted damage to slow each other down, what if a new superpower challenger was to emerge and overtake both of the nations? This is what we see happening in India, a fellow BRICS nation.

India has been a consistently high growth economy in recent decades outgrowing almost all the G7 nations, and most of its BRIC counterparts since the turn of the millennium.

Whilst, they still have a long way to go before overtaking the giants of the world, the US and China, their contribution to the total GDP of all BRICS has been and is predicted to continue to grow at far greater rate than any other economy.

According to Goldman Sachs, India will even overtake the U.S. to become the world’s second-largest economy by 2075, with its burgeoning population, progress in innovation and technology, higher capital investment and rising worker productivity.

With such a growing economy, always comes huge potential for investors like ourselves to make huge returns in the future.

[essentialinvestor] 07/6/2023 18:24

Nice 6 weeks. Should have bought a few more!

[essentialinvestor] 17/4/2023 11:45

Another few under £7.80, NAV discount back to 20%.
Look a fairly decent entry unless markets sell off hard.

[essentialinvestor] 13/4/2023 14:45

Added a few. Big miss by INFY may give an
opportunity to add lower down.

[essentialinvestor] 12/4/2023 17:27

It's Up well over 1,000% in 20 years!.
which is when this BB started.

[cottlet] 12/4/2023 17:20

this is soooo slow..........where's the boom in India?
We wait and the waiting is long.....(William Shakespeare)

[essentialinvestor] 14/12/2022 16:50

GBP v INR very near multi year highs which is weighing on NAV atm.


Some recent changes to the management of Jii I notice.

[1nf3rn0] 11/11/2022 11:42

This is having a good run. ANII has performed poorly by comparison since the pandemic low

[diku] 07/3/2022 21:16

It sure was...

[diku] 31/8/2021 19:38

Into blow off top territory?...

[loss-leader] 31/8/2021 10:11

JII seems to be doing well. I wonder if it benefits from China going out of fashion a bit? LL

[arja] 03/3/2021 09:33

I never trade this one as the spread is just too wide but chart looks good and of course the indian indices still uptrending . I see this has quite a big discount to NAV but maybe that is normal for this Trust ?