Investment Trusts

JPMorgan Indian Investment Trust

JII:LSE

JPMorgan Indian Investment Trust

  • Price (GBX)985.00
  • Today's Change-2.00 / -0.20%
  • Shares traded182.03k
  • 1 Year change15.61%
  • Beta0.9261
Data delayed at least 20 minutes, as of Nov 21 2024 17:05 GMT.
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Profile data is unavailable for this security.

About the company

JPMorgan Indian Investment Trust plc is a United Kingdom-based investment trust. The investment objective of the Company is to provide capital growth from Indian investments by outperforming the MSCI India Index. It invests in a diversified portfolio of quoted Indian companies and companies that earn a material part of their revenues from India. It will not invest in other countries of the Indian sub-continent including Sri Lanka. It has the ability to use borrowing to gear the portfolio to up to 15% of net assets where appropriate. It does not invest more than 15% of its gross assets in other United Kingdom listed closed-ended investment funds (including investment trusts). It invests in various sectors, including financials, information technology, consumer discretionary, consumer staples, industrials, energy, materials, health care, utilities, communication services, real estate and cash. JPMorgan Funds Limited (JPMF) acts as its alternative investment fund manager.

  • Revenue in GBP (TTM)142.43m
  • Net income in GBP114.31m
  • Incorporated1994
  • Employees0.00
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Profile

Management group(s)JPMorgan Funds Limited
AIC sectorIndia/Indian Subcontinent
ISINGB0003450359
Launch date26 May 1994
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

The objective of the Company is to achieve capital growth from investments in India. It aims to outperform the MSCI India Index (expressed in sterling terms). In order to achieve its objective, the Company invests in a diversified portfolio of equity and equity-related securities of Indian companies and employs a Manager with a strong focus on research and asset of the Company. The Board has sought to manage the risk by imposing various investment limits and restrictions. These limits and restrictions may be varied at any time by the Board at its discretion.

Managed by

Amit Mehta, Sandip Patodia

Management & contract fees

The annual investment management fee, calculated as 0.75% on the first £300 million and 0.60% in excess of £300 million, will be charged on a market capitalisation basis instead of on a gross assets basis.The fee will continue to be calculated and paid monthly

Peer analysis

CompanyRevenue (TTM)Net income (TTM)Market capEmployeesMarket Cap /
Employees
Brunner Investment Trust Plc109.30m103.52m610.51m0.00610.51m0.00
Partners Group Private Equity Ltd51.32m19.21m610.90m1.95k610.90m1.95k
GCP Infrastructure Investments Ltd36.08m15.07m625.69m0.00625.69m0.00
Edinburgh Worldwide Investment Trust plc-75.55m-87.03m626.37m0.00626.37m0.00
VinaCapital Vietnam Opportunity Fund Ltd78.92m57.63m626.78m0.00626.78m0.00
Syncona Ltd5.65m-17.55m629.62m0.00629.62m0.00
BlackRock Smaller Companies Trust plc133.64m125.78m632.08m0.00632.08m0.00
Cordiant Digital Infrastructure Ltd99.86m80.30m640.19m0.00640.19m0.00
Schroder Oriental Income Fund Ltd125.47m110.40m640.23m0.00640.23m0.00
European Smaller Companies Trust PLC97.52m84.90m660.03m0.00660.03m0.00
Asia Dragon Trust PLC-36.25m-46.86m663.96m0.00663.96m0.00
JPMorgan Indian Investment Trust plc142.43m114.31m671.58m0.00671.58m0.00
Apax Global Alpha Ltd13.60m2.89m692.79m0.00692.79m0.00
NB Private Equity Partners Ltd12.56m-17.50m713.86m--713.86m--
Baillie Gifford US Growth Trust PLC96.77m89.88m722.49m5.00722.49m5.00
Schiehallion Fund Ltd68.36m60.27m733.36m0.00733.36m0.00
Data as of Nov 21 2024. Currency figures normalised to JPMorgan Indian Investment Trust's reporting currency: UK Pound GBX

Institutional shareholders

46.33%Per cent of shares held by top holders
HolderShares% Held
City of London Investment Management Co. Ltd.as of 26 Jul 202413.18m19.27%
Hargreaves Lansdown Asset Management Ltd.as of 02 Sep 20245.54m8.10%
Bill & Melinda Gates Foundation Trust (Investment Management)as of 02 Sep 20243.35m4.89%
Allspring Global Investments LLCas of 02 Sep 20242.44m3.57%
Lazard Asset Management LLCas of 02 Sep 20241.57m2.30%
Evelyn Partners Investment Management LLPas of 02 Sep 20241.28m1.87%
Rathbones Investment Management Ltd.as of 02 Sep 20241.24m1.82%
Wesleyan Assurance Societyas of 02 Sep 20241.10m1.61%
BlackRock Investment Management (UK) Ltd.as of 02 Sep 20241.00m1.47%
West Yorkshire Pension Fundas of 02 Sep 2024990.00k1.45%
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Data from 31 Mar 2024 - 05 Nov 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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