Investing in Indian stocks via closed end funds like IFN and IIF offers high yields but comes with valuation risks and potential market corrections. IIF has outperformed IFN over various time periods, benefiting from its smaller size and more nimble management, despite trading at a larger discount to NAV. Indian stock market valuations remain high, with local investor enthusiasm potentially waning due to less attractive earnings yields compared to local bonds.
Despite a turbulent last few months, IIF has continued to outperform. Even if its pace slows from here, the fund's uptrend is likely here to stay. The NAV discount and big year-end distributions only add to IIF's appeal.
Indian equities are red-hot. Yet, IIF is leaving its benchmark in the dust. A closer look reveals IIF's outperformance has legs.
IIF is on track for another great year. New thematic bets position the fund for future growth. For pure total return potential, it's hard to look beyond IIF.
IIF has begun 2024 on a positive note, with its strong fundamentals indicating potential for continued outperformance. The larger-than-usual NAV discount adds to the appeal of the risk/reward profile.
India remains one of the most attractive equity markets in the world. With a major election on the horizon, positioning via a quality active manager like IIF makes a lot of sense. A wider than usual NAV discount and ongoing buybacks add to investors' safety margin.
The Morgan Stanley India Investment Fund is a well-established closed-end fund that has been around for almost 3 decades. IIF has a good track record of delivering returns and witnessing lower volatility over time. We touch upon why IIF may represent a good investment at this juncture.
Morgan Stanley's India Investment Fund has extended its relative outperformance this year. Yet, the market has continued to punish fund investors, pricing shares at a record-high NAV discount. Patient investors could reap a few extra percentage points of performance with IIF over time.
Indian equities have been on a roll this year. Valuations don't screen cheaply but are more than justified by the earnings trajectory. The discounted India Investment Fund is a compelling option for those favoring an actively managed vehicle.
IIF: Still A Compelling Play On Indian Growth