Fact sheet: JP Morgan Indian IT plc

Fund information
Fund name
JP Morgan Indian IT plc
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund managers
  • Rukhshad Shroffsince 31/08/2002
  • Rajendra Nairsince 01/01/2007
Fund objective
Capital growth from investments in India.
Benchmark
  • MSCI India
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
22.2%
1 Year rank in sector
8/8
Sector
IT Country Specialists Asia Pacific
Yield
-
Fund size
£626m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
144
Mid price
595
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
660.07
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-10.84
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
103
Top in this sector
Fund name1 Year
VinaCapital Vietnam Opp58.3%
Fidelity China Spec Sits Plc31.8%
Abrdn New Thai IT PLC31.5%
India Cap Grwth24.6%
Vietnam Ent Inv24.4%
...more in IT Country Specialists Asia Pacific

Performance snapshot

Holdings snapshot

  • India99%
    Money Market1%
  • Financials36.7%
    Consumer Discretionary17.6%
    Materials17.2%
    Information Technology9.7%
    Industrials8.4%
  • Indian Equities99%
    Money Market1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-11.1%-8.3%10.3%22.2%77.1%77.6%
Sector-5.1%0.2%21.7%33%73.4%112.7%
Rank within sector8 / 88 / 87 / 88 / 84 / 87 / 8
Quartile4th4th4th4th2nd4th
Calendar performance
 YTD - 20162015201420132012
Fund17.8%1.2%49.9%-10.6%16.3%
Sector28.7%-1%35.8%2.9%25.8%
Rank within sector7 / 83 / 83 / 86 / 86 / 8
Quartile4th2nd2nd3rd3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-2.31
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.23
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.82
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
22.4
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
13.37
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.07
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.65
Price movement
52 week high690
52 week low434.75
Current bid price594
Current offer price595.5
Current mid price595
Region
1India99%
2Money Market1%
Industry sector
1Financials36.7%
2Consumer Discretionary17.6%
3Materials17.2%
4Information Technology9.7%
5Industrials8.4%
6Health Care7.8%
7Real Estate1.4%
8Others1%
9Energy0.2%
Asset type
1Indian Equities99%
2Money Market1%
Individual holdings
1HDFC BANK LTD7.7%
2HOUSING DEVELOPMENT FINANCE CORP6.7%
3HOUSING DEVELOPMENT FINANCE CORP6.7%
4INFOSYS5.9%
5MARUTI SUZUKI INDIA LTD5.1%
6MARUTI SUZUKI INDIA LTD5.1%
7ULTRATECH CEMENT LIMITED5.1%
8ULTRATECH CEMENT LIMITED5.1%
9INDUSIND BANK LIMITED4.8%
Management
Fund manager group
JP Morgan
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund objective
Capital growth from investments in India.
Benchmark
  • MSCI India
Investment style
Growth
Investment method
No data available.
Fund managers
NameSinceBiography
Rukhshad Shroff31/08/2002Present: Investment Manager and India Country Specialist within the Pacific Regional Group in Hong Kong. 2003: Transferred to JF Asset Management in Hong Kong. 1994: Joined Jardine Fleming Broking in India as Strategist and Equity Analyst. 1992: Joined Securities Analysis India Private Ltd. as Equity Analyst. Education / Qualification: BCom - Sydenham College of Commerce and Economics MCom - Sydenham College of Commerce and Economics Graduate, Cost and Works Accountant, Institute of Cost and Works Accountant of India Chartered Financial Analyst (CFA)
Rajendra Nair01/01/2007Rajendra Nair was born in Mumbai in 1978 and studied his bachelors in commerce at the University of Mumbai. He started his career at JP Morgan securities in 2000 becoming vice president and head of futures & options. After five years he moved to JF Asset Management as executive director. Rajendra is an associate chartered accountant in India, CFA charterholder and financial risk manager (Global Association of Risk Professionals Inc, USA). Outside fund management he enjoys running.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
JP Morgan Indian IT plc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price664.44
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJDR
JP Morgan Indian IT plc Subs
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price2
Offer price40
Mid price21
CurrencyGBX
Price updated03/01/2014
Type-
Institutional or retail classRetail
Domicile-
Citi codeDIN7
Data provided by

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