The deadline for investors seeking to take advantage of the fixed offer price on Jupiter's newly-launched India Fund is fast approaching.  The Fund, which has a fixed offer price of 50p per unit until 3 March 2008, aims to achieve long term capital growth by investing in companies which operate or reside in India.

The Fund's launch has attracted significant interest from investors in the first weeks of its offer period and, Fund Manager Avinash Vazirani believes the recent stock market turbulence marks an attractive entry point for long term investors.

He explained: "Recent stock market turbulence has seen the Indian market drop by 18.72% from its high early this year1 - volatility that has been driven as much by investor sentiment as by indicators of an impending slowdown in global growth. 
So, while this fall has made some investors a little jumpy, the economy remains in good shape and so the falls have, in fact, created a more attractive entry point for long term investors.

"While this nervousness has impacted the performance of India's stock market it does not change my view that India's economic health is robust.  In fact, the recent correction has been something of a tonic for the Indian market where the central bank has put in place controls to prevent the economy overheating.  In my view, the fundamentals are still sound, low inflation, interest rates which can be cut to boost growth if needed, high levels of domestic demand and a diverse range of companies which are extremely well placed to benefit from India's continued growth.  This has been estimated at 9.3% for this year and 9.1% for next year2.

"The market correction has created more attractive valuations, allowing me to invest in high quality growth companies at lower prices.  I particularly like the domestic consumption story and will be looking for stocks which should benefit from he country's growing middle class, expected to explode from around 13.3 million households in 2005 to around 138 million in 2025.3"

Avinash joined Jupiter with his team in July 2007 and has more than 12 years experience managing emerging market equities.

* The Fund is invested in a single emerging geographical area and so there is an increased risk of volatility in addition to exchange rate fluctuations.  Returns may also be affected by external geopolitical factors.  It is aimed at investors with a medium to long term outlook who can accept the potential risks of emerging market investment. Potential investors are particularly advised to read the specific risks applicable to this Fund which are contained in the Key Features (incorporating the Simplified Prospectus).

For further information, potential investors can contact Jupiter Customer Services on 020 7314 7600 or log on to www.jupiteronline.co.uk

-ENDS-

1. Source: Bloomberg. Based on the performance of the NIFTY from its high on 08.01.08 to 22.02.08.
2. Source : Citigroup estimates - January 2007
3. Source :McKinsey Global Research - December 2007

Notes to Editors

FUND FACTS
. UK authorised unit trust, classified as UCITS
. Fixed price offer period from 1st February to 12pm on 3rd March 2008
. Managed by Avinash Vazirani
. Benchmarked against MSCI India index
. Fees: 5.25% initial and 1.5% annual management charge
. Minimum investment: Lump sum = £500, Monthly saving = £50
. Sterling denominated

AVINASH VAZIRANI BIOGRAPHY
. Managed South Asia Access Fund for over 12 years since launch.
. Founder of Peninsular Capital Partners LLP
. Prior to that, he was Chief Investment Officer South Asia and Africa at BNP Paribas Asset Management UK Limited
. Chief Executive Officer of GEM Dolphin Investment Managers Limited, a joint venture fund management company which managed collective investment schemes
. Led the management buy-in of John Lusty Group plc, a publicly quoted food manufacturer and distributor and served as its Managing Director.
. Qualified as a Chartered Accountant and was a Senior Manager with Price Waterhouse

NOTE

Jupiter Unit Trust Managers Limited (JUTM) and Jupiter Asset Management Limited (JAM) are both authorised and regulated by the Financial Services Authority and their registered address is 1 Grosvenor Place London SW1X 7JJ. The group is collectively known as "Jupiter". The above commentary represents the views of the Fund Manager at the time of preparation and may be subject to change. They are not necessarily those of Jupiter and should not be interpreted as investment advice. Past Performance should not be seen as a guide to future returns, the value of an investment and the income from it can fall as well as rise and may be affected by exchange rate variations. Every effort is made to ensure the accuracy of any information provided but no assurances or warranties are given.