India

[ferret50]

This seems to be a rising marketplace, anyone been brave enough to enter?

I've put a few quid into IGC...India Capital Growth fund....and I'm pondering what others have found/stuffed the cash found down the back of the sofa into?

Thoughts, anyone?

[Happy Jim]

Yup,

I jumped in this time last year, up 14.x%

https://www.hl.co.uk/funds/fund-discounts,-prices-...

Jim

[Tye Green]

India did well till August then dropped since then...

[Kwackersaki]

I’ve been drip feeding into a Jupiter India fund over the last 6months. It’s been up and down like a wes wotsits

Currently down .73%!

[Derek Chevalier]

ferret50 said:

This seems to be a rising marketplace, anyone been brave enough to enter?

I've put a few quid into IGC...India Capital Growth fund....and I'm pondering what others have found/stuffed the cash found down the back of the sofa into?

Thoughts, anyone?

India is a tiny % of global market cap, and I'm not sure why you would focus on this market.

https://www.msci.com/documents/1296102/27036039/MS...

(Unless you are using it as an example of "what is working now")

https://www.advisorperspectives.com/commentaries/2...

"Current CAPE ratios suggest that most EM markets are fair or undervalued; however, with their outsized recent returns, both Taiwan and India now have valuations that appear to be stretched to extremes. With CAPE values at the 91st and 98th percentiles for Taiwan and India"

[Skyedriver]

India has been very good to me over the last, may ten, years.

[mikeiow]

Derek Chevalier said:

ferret50 said:

This seems to be a rising marketplace, anyone been brave enough to enter?

I've put a few quid into IGC...India Capital Growth fund....and I'm pondering what others have found/stuffed the cash found down the back of the sofa into?

Thoughts, anyone?

India is a tiny % of global market cap, and I'm not sure why you would focus on this market.

https://www.msci.com/documents/1296102/27036039/MS...

(Unless you are using it as an example of "what is working now")

https://www.advisorperspectives.com/commentaries/2...

"Current CAPE ratios suggest that most EM markets are fair or undervalued; however, with their outsized recent returns, both Taiwan and India now have valuations that appear to be stretched to extremes. With CAPE values at the 91st and 98th percentiles for Taiwan and India"

Have to agree….I suspect any world index tracker is up over 20% the past 12 months: why focus on a small % of the world? Doesn’t sound like it has beaten that?
(eta - indeed, my Aviva Pension Global Equity was up over 26% over the past 12 months….what was India Capital Growth fund, OP - 12%?)

Unless you have some inside information, of course?
I keep a portion in US Tech, mostly because I still believe in it, but I appreciate that could be flawed!

Edited by mikeiow on Wednesday 15th January 23:29

[Rick101]

Rubbish at the moment but I believe has some legs in it yet. Only have a small amount invested, plan to hold for at least 5 years.

[Derek Chevalier]

Rick101 said:

, plan to hold for at least 5 years.

Would you continue to hold if it fell almost 60% over the space of ~18 months as it did from March 2000?

[Derek Chevalier]

Derek Chevalier said:

Rick101 said:

, plan to hold for at least 5 years.

Would you continue to hold if it fell almost 60% over the space of ~18 months as it did from March 2000?

Or almost 60% from Jan-Nov 2008?

[VR99]

I hold an ETF (FRIN) and it's a very small % of my SIPP. Probably have missed the boat somewhat but I do think longer term it will push upwards however re Derek's point above, likely to be very volatile......my own view is India is on a upwards trajectory but lot of what if's too...how good/watertight is the governance, likelihood of a major terrorist attack, China and Pakistan relations etc

As an aside I think the Indian market is better served by active funds like Jupiter...I only hold passive as it's cheaper for my platform costs.

Edited by VR99 on Thursday 16th January 10:01

[Simpo Two]

Derek Chevalier said:

Rick101 said:

, plan to hold for at least 5 years.

Would you continue to hold if it fell almost 60% over the space of ~18 months as it did from March 2000?

If you believe in it, that's when you buy more.

[drmotorsport]

I had some of my SIPP in Jupiter India a few years ago expecting big growth from the worlds biggest democracy, performance was practically flat. I still think India is a good very long term investment, just a bit too long for my time horizon.

[chip*]

ferret50 said:

This seems to be a rising marketplace, anyone been brave enough to enter?

I've put a few quid into IGC...India Capital Growth fund....and I'm pondering what others have found/stuffed the cash found down the back of the sofa into?

Thoughts, anyone?

Fees are generally quite chunky (1-1.5%] so already a headwind before you start, and too volatile for my liking. Do I need to chase these "potential" high returns? My answer is no.
Since I have little or no knowledge on the Indian market / companies, if I was to invest, I would want a credible fund manager (with an establish track record and experience in the Indian market) to manage my cash.

[Derek Chevalier]

Simpo Two said:

Derek Chevalier said:

Rick101 said:

, plan to hold for at least 5 years.

Would you continue to hold if it fell almost 60% over the space of ~18 months as it did from March 2000?

If you believe in it, that's when you buy more.

That's the theory. The reality is somewhat different.

[Tye Green]

I've had 20% in India since 2017 - did nothing for 3 years then big increase but levelled out again.

Unless you have political connections or insider info etc, it doesn't matter what you invest in unless your horizon is identified. Over the long term it will be subject to luck or will even-out and the only impact 99% of us can have is to reduce the parasitical cost of useless fund managers, useless financial advisors or platform fees.

Trump quote: "buy the dip" - unfortunately, he isn't able to state in real time when the bottom of the dip has been reached & prefers to provide the advice whilst retrospectively looking at the last 3 years performance.

[simon800]

Derek Chevalier said:

Simpo Two said:

Derek Chevalier said:

Rick101 said:

, plan to hold for at least 5 years.

Would you continue to hold if it fell almost 60% over the space of ~18 months as it did from March 2000?

If you believe in it, that's when you buy more.

That's the theory. The reality is somewhat different.

Yep, more often people buy what has done well, then it drops and they sell it at a low and buy the next thing that's done well at a high price. Then that drops and they sell it, rinse and repeat all the while eroding their wealth.

[Derek Chevalier]

simon800 said:

Derek Chevalier said:

Simpo Two said:

Derek Chevalier said:

Rick101 said:

, plan to hold for at least 5 years.

Would you continue to hold if it fell almost 60% over the space of ~18 months as it did from March 2000?

If you believe in it, that's when you buy more.

That's the theory. The reality is somewhat different.

Yep, more often people buy what has done well, then it drops and they sell it at a low and buy the next thing that's done well at a high price. Then that drops and they sell it, rinse and repeat all the while eroding their wealth.

https://awealthofcommonsense.com/2024/08/chasing-star-fund-manager-performance/

Morningstar’s Jeffrey Ptak shows the fund has lost investors $7.5 billion since inception:

[Simpo Two]

Derek Chevalier said:

That's the theory. The reality is somewhat different.

Of course! If they were the same we'd all be billionaires by now

The other option is crystallise the loss then figure out where better to put it to get your money back - if my maffs is correct a 60% loss needs a 150% gain to break even.

[chip*]

simon800 said:

Derek Chevalier said:

Simpo Two said:

Derek Chevalier said:

Rick101 said:

, plan to hold for at least 5 years.

Would you continue to hold if it fell almost 60% over the space of ~18 months as it did from March 2000?

If you believe in it, that's when you buy more.

That's the theory. The reality is somewhat different.

Yep, more often people buy what has done well, then it drops and they sell it at a low and buy the next thing that's done well at a high price. Then that drops and they sell it, rinse and repeat all the while eroding their wealth.

Quite. I remember reading an article explaining why the bulk of ARKK investors never made the reported amazing returns as the biggest inflow came in near or soon after the peak around mid-2021, just in time to absorb the fall for the next 2 years