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JPMorgan India Growth And Income (JIGI)

#9

NAME: JPMORGAN INDIA GROWTH AND INCOME

STOCK MARKET TICKER: (JIGI)

BUSINESS: INDIA (MOSTLY BIG BUSINESSES)

WHAT I PAID AND WHEN: 63p PER SHARE IN JUNE, 1996

DIVIDEND YIELD: 5%

ANNUAL DIVIDEND GROWTH: NOT APPLICABLE AS JIGI BEGAN PAYING DIVIDENDS IN 2025

LAUNCH DATE: MAY, 1994

TOTAL ASSETS: £420 MILLION

Nobody ever forgets their first ten-bagger or share whose price soared 10 times or more after we bought. That’s why the fund now known as JPMorgan India Growth and Income (stock market ticker: JIGI) will always be close to my wallet.

Shares currently trading around £8.80 cost just 63p each when I invested in what was then called Fleming Indian in May, 1996. But recent news, which might have been given more coverage in less extraordinary times, provides better reasons to consider India now.

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