The Jaipur Indian Growth Fund is a ‘fund of funds’ offer formed in partnership with three Indian asset managers, Birla Sun Life Asset Management, SBI Funds Management, and the Unit Trust of India.
Jaipur Asset Management chair Stephen Hopley, who founded Jaipur Asset Management alongside Neelesh Mehta, said India has ‘come of age’ as an investment opportunity, adding that the Modi government’s reforms had assisted in this.
“India is now the world’s fastest growing major economy with China-style GDP growth, currently over 7.5 per cent per annum,” he said.
“Whilst as we’ve seen with China, growth can stagnate, it is important to understand that India is decoupled from the global economy and her growth is driven by domestic consumption not export-led."
According to Jaipur Asset Management, the three partner asset managers have combined funds under management of about A$75 billion, and Mr Hopley said facilitating investor exposure to India through these firms would yield better results for investors due to their “extensive experience in the market”.
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