Morgan Stanley India Investment Fund (IIF)

QUOTE AND NEWS
Business Standard  Nov 5  Comment 
The India Innovation Fund (IIF) set up in January 2008 promoted by the National Association of Software and Services Companies (Nasscom) and ICICI Knowledge Park, has achieved its first closing corpus of Rs 40 crore. This will be scaled up to Rs...
The Australian  Oct 27  Comment 
THE listed ING Industrial Fund is seeking to raise $700 million to repay debt and resume development activities.
tradeflow21.com  Oct 3  Comment 
The Institute of International Finance (IIF) is forecasting a return to solid growth for Gulf Cooperation Council (GCC) states in 2010. The IIF expects current account and fiscal surpluses to remain "sizable," driven by a recovery in oil prices....
Military & Aerospace Electronics  Sep 23  Comment 
EL SEGUNDO, Calif., 23 Sept. 2009. Boeing engineers completed ground tests to pave the way for next year's launch of the first Global Positioning System (GPS) IIF satellite. GPS IIF Space Vehicle 2 (SV-2), built in Boeing's El Segundo satellite...
Motley Fool  Jul 2  Comment 
Check out these newly minted five-star stocks.
Wall Street Journal  Jun 11  Comment 
The Institute of International Finance warned that "inward-looking measures" by some national governments will hurt global capital markets.
Reuters  Mar 31  Comment 
Banks agree that compensation for top executives contributed to the financial crisis and are trying to realign pay based on performance and long-term shareholder interests, an international bank lobby group said on Monday.
Reuters  Mar 30  Comment 
Banks agree that compensation for top executives contributed to the financial crisis and are trying to realign pay based on performance and long-term shareholder interests, an international bank lobby group said on Monday.
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IIF AT A GLANCE
 
 
 
 
 
 
 
 

Morgan Stanley India Investment Fund (NYSE : IIF) was incorporated in 1993. Morgan Stanley Investment Management, Inc. serves as the investment advisor of the fund. Morgan Stanley India Investment Fund, Inc. operates as a nondiversified, closed-end management investment company.

Investment Objective

The Funds investment objective is long-term capital appreciations, which it seeks to, achieve by investing primarily in equity securities of Indian issuers. The Fund will invest at least 65% of its total assets in equity securities of Indian issuers, which for this purpose means common and preferred stock bonds, notes and debentures convertible into common or preferred stock, stock purchase warrants and rights, equity interests in trusts and partnerships and American , Global and other types of Depositary Receipts. The Fund may invest up to 25% of its total assets in unlisted equity securities of Indian issuers.

The Fund may write covered call and put options on portfolio securities and other financial instruments. It invests in industries, such as automobiles, commercial banks, electrical equipment, food products, information technology services, media, pharmaceuticals and wireless telecommunication services. The Fund’s investment advisor and administrator is Morgan Stanley Investment Management Inc.

Top five holdings

As of March 31st 2008 these were

  • Reliance Industries Ltd
  • HDFC Bank Ltd.
  • ABB India Ltd.
  • SBI
  • Larsen and Toubro Ltd.

References

  1. MS India
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