Fund sees long-term benefits in India

BANGALORE, India - Increasing inflation may be a risk for investors in India, but that market's sentiment-driven volatility can throw up cheap long-term investments for JPMorgan Emerging Markets Equity Fund, which is "overweight" in India.

"In India, we can find businesses we want to own for a long time, (but) inflation there has hurt in the recent past," Thomas Leventhorpe, JPMorgan investment adviser, told Reuters.

India's main gauge of prices - the wholesale price index - rose 8.3 percent in February from a year earlier, well above the 7.8 percent forecast in a Reuters poll.