The offer - Jaipur India Growth Fund
The Jaipur India Growth Fund is a compelling opportunity for Institutional, Professional or Wholesale investors who are domiciled in Australia for tax purposes, to invest in India.
Through a master fund structure, the Fund invests in up to five select funds (currently three) managed by specialist Indian Asset Managers. These funds only invest in companies listed on the Indian Stock Exchanges.
The funds that the Jaipur India Growth Fund will invest in include:
- India Premium Fund
- SBI Resurgent India Opportunities Fund
- UTI India Dynamic Equity Fund
The Fund is expecting to maintain an allocation to each manager in a fixed band between 5% and 35%, rebalanced quarterly, plus a cash holding of up to 10% of assets.
All our asset managers pursue the investment style and philosophy of Growth at a Reasonable Price (GARP), however, each has a specific approach to it.
Birla Sun Life AM adopts a bottom-up investment approach, seeking to identify companies that could exhibit above average earnings growth on a consistent basis; have a robust business model; a strong competitive advantage; and good management while trading at reasonable valuations. This is supplemented by a top-down approach to further identify sectors most likely to benefit in the current environment.
SBI Funds Management runs two strategies. The exposure in large cap companies focuses on positive incremental change on fundamental variables that drive performance versus market expectations. For the mid and small company exposures, they seek the 'potential right to win' in each investment. This includes factors such as potential market share; a superior business model; a technological edge; and/or some core competency. Overall, they seek companies with an ability to generate stable and accelerating profitability characteristics that are likely to result in a reasonably high return of capital.
UTI Asset Management is driven by the three tenets of Quality, Growth and Valuation. Quality is defined as the ability to generate high returns on equity (RoE) through the business cycle. The portfolio is constructed with a very long-term orientation, keeping stock turnover to a minimum. Preference is given to industries with stable and secular growth prospects and industries with low predictability are avoided. The focus is on the underlying business; management quality; corporate governance and capital efficiency.
pictured above: Chandra Mahal Palace, Jaipur, India