JAI HO FUND IPO NOW OPEN!
Submitted by:
Jai Ho Fund (JHO)
Date: October 22, 2009
Dear Investor,
On behalf of my fellow Directors, I am pleased to provide you with an opportunity to become a Shareholder in the Jai Ho Fund (JHO).
Jai Ho Fund (JHO) is a virtual investment fund established to achieve long-term capital growth through a diversified portfolio of mid-large cap companies listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).
Between 30 June 2000 and 30 June 2008 the Indian stock market has outperformed the Chinese and Australian stock markets - Bombay Stock Exchange (BSE) 200 Index, measured in Indian Rupees, has delivered 15.6% compound annualised returns over eights years; and 31.8% compound annualised returns over five years.
The Directors and I believe that there are significant opportunities for growth in the Indian markets; therefore we have issued this prospectus to you with the chance to share in the growth and success of India's markets and economy.
Indian Market
The May 2009 election in India resulted in the re-election the incumbent Prime Minister, Manmohan Singh an economist by profession, regain his position along with the National Congress Party winning approval to continue with a series of much needed economic reforms that until recently were placed on hold due to internal political challenges.
The International community has responded well to the election result and has been followed by an increase in foreign investment to India as global investors act to take advantage of India’s future growth. The World Bank recently upgraded India’s economic growth forecasts to 8% for 2010, and the Indian Ministry of Finance project a 7.75% GDP growth in 2009.
The Prospectus seeks to raise W$5 million World Dollars at W$10 per Share.
Following the completion of the Offer, the Fund market capitalisation at the Offer Price of W$10 will be W$5,500,000.00. Subject to large demand for the fund, the offer may be increased to raise W$15,000,000.00 with the offer period being extended for an additional 30 days.
The management team of Jai Ho Fund will work closely with experienced fund managers from Australia and India to ensure that all capital raised will be invested into existing registered investment funds using proven investment strategies.
This Prospectus contains comprehensive information about the Jai Ho Fund, the Offer, important information and the risks associated with an investment in the fund. I encourage you to read this Prospectus.
On behalf of the Directors, it is my pleasure to invite you to become a shareholder in the Jai Ho Fund and participate in its future growth and prosperity.
Kind Regards,
Luke Connell,
Chairman & CEO