Fund of the week: Buy into India's tremendous growth

If you're looking for an emerging market funds, you could do worse than look to India. And this fund is a great route in.

There are so many regional emerging-markets funds out there it can be difficult to pick a good one. But Hargreaves Lansdown's Mark Dampier is clear you should be looking to India. It is a lot less reliant on exports than other developing markets, making it a "domestic story, and one that I believe looks very strong over the long-term". As for a fund, he likes Jupiter India.

It was launched in early 2008 and has grown by 67% since. Fund manager Avinash Vazirani has "an impressive track record", says Mike Stringer on Seeking Alpha. When he managed the Peninsular South Asia Access Fund for BNP Paribas, he grew it by 1,437% over ten years. "He has a long and proven track record of consistently outperforming the benchmark." Vazirani believes Indian shares are often dismissed as too expensive. But that ignores "the tremendous earnings growth being shown by many Indian companies", says Dampier.

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Godfrey Phillips India4.89
Opto Circuits Ind4.11
Cairn India3.71
Rural Electrification Corp. Ltd3.61
Infosys Technologies3.42
Bharti Airtel2.93
Nestle India2.93
ICICI Bank2.57
Punjab National Bank2.20
Fortis Healthcare2.18
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