Help regarding Fidelity India Value Fund
- Thread starter nsb
- Start date
Fidelity is really a giant in countries other than India. But they haven't showed great performance in Indian Markets. Their total AUM in India is low compared to other mutual fund houses in India.
Having said this, the story of the india value fund seems to be good but it seems to take a very long time to deliver good returns.
Indian economy is in a growing phase and hence, growth investing may deliver better returns than value investing in the years to come.
If your portfolio size is very large, you may give a 2 - 3% exposure to this fund. If you are a new or a fresh investor, you may look at other fundamentally and technically strong AMCs.
Having said this, the story of the india value fund seems to be good but it seems to take a very long time to deliver good returns.
Indian economy is in a growing phase and hence, growth investing may deliver better returns than value investing in the years to come.
If your portfolio size is very large, you may give a 2 - 3% exposure to this fund. If you are a new or a fresh investor, you may look at other fundamentally and technically strong AMCs.
Look at their investment objective and strategy and tell me what is so different about that. Almost all fund managers would do that.. find cheap stocks and invest where growth is expected. Deliver long term capital appreciation etc etc.. And where there are funds with proven tracke record, then i don't understand why would somebody go for this fund. To me, it seems that they want to encash on current bullish trend and collect some money from people. Where were they when all stocks were thrown in bin and there was so much value stocks available in Q4-2008 and Q1-2009.
Below is extract from their prospectus..
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Scheme ObjectiveTo generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities, in the Indian markets with higher focus on undervalued securities.
Investment strategy 1) The fund managers would aim to identify undervalued stocks having the potential to deliver long-term superior risk-adjusted returns. Undervalued stocks would include stocks that the fund managers believe are trading at less than their assessed values.
2) The identification of undervalued stocks would involve fundamental analysis based on the evaluation of various factors like stock valuation, financial strength, cash flows, company’s competitive advantage, business prospects and earnings potential
3) The fund can also invest in the international market to the extent of
10%
4) The fund will have no market capitalisation bias
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Below is extract from their prospectus..
-----------
Scheme ObjectiveTo generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities, in the Indian markets with higher focus on undervalued securities.
Investment strategy 1) The fund managers would aim to identify undervalued stocks having the potential to deliver long-term superior risk-adjusted returns. Undervalued stocks would include stocks that the fund managers believe are trading at less than their assessed values.
2) The identification of undervalued stocks would involve fundamental analysis based on the evaluation of various factors like stock valuation, financial strength, cash flows, company’s competitive advantage, business prospects and earnings potential
3) The fund can also invest in the international market to the extent of
10%
4) The fund will have no market capitalisation bias
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