Fund to watch: Jupiter India

This fund, which was launched six years ago, aims to achieve long-term capital growth by investing primarily in companies that operate or reside in India, as well as those based in Pakistan, Sri Lanka and Bangladesh.

Avinash Vazirani, who has been investing in the Indian equity market for more than 15 years and joined Jupiter as head of the South Asia Equities team in 2007, manages the fund.

His focus is on finding stocks with strong growth prospects that haven't been priced fully by the market. With more than 3,500 quoted companies in India there is certainly no shortage of potential investments, while the fact it remains such an under-researched market provides plenty of opportunities to make decent returns.

Technology names and consumer goods are the two best-represented sectors in his portfolio, each having around 28% of assets under management, according to the latest fund fact sheet.

Other areas represented include financials, industrials, healthcare, consumer services and telecommunications.

To find out more about funds in the Specialist sector, read:The Briefing: Specialist sector.

His top 10 holdings include Infosys Technologies (8.4%), Godfrey Philips India (8.4%), Tech Mahindra (8.2%) and United Spirits (5%).

Mark Dampier, head of research at Hargreaves Lansdown, has picked this portfolio for his Wealth 150 list leading funds and paid tribute to Vazirani's "wealth of experience" and "excellent track record" of investing in India. "We believe this fund is a superb choice for adventurous investors seeking to exploit India's exciting long-term growth prospects," This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.