MORGAN Stanley Investment Management (MSIM) is launching a Luxembourg-domiciled Indian equities fund which will invest in between 40 and 50 mainly large-cap stocks.
The SICAV Indian Equity fund will be an extension of the firm’s India fund run from New York by Ruchir Sharma. Morgan Stanley said now was the “right time” to invest in India which it said was benefiting from a fast-growing economy and good demographics. Narayan Ramachandran, head of MSIM India, said the country boasted good earnings and valuations and had been experiencing strong foreign and domestic inflows into its funds. He said there was always the risk of inflation but he was convinced the central bank would be reasonably prudent and stick to a steady path of raising rates th...
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