How To Invest in the Indian Stock Market
The Indian Stock Market has giving spectacular returns in the past 12 months.[Its doubled in the past 24 months.]
Unfortunately, people who live in America or Canadia aren’t allowed to invest directly in Indian Stocks. However there are a few Mutual Funds that are allowed to invest and through them we can join in the fun.
Morgan Stanley’s India Investment Fund has doubled in the past year and pays a dividend of 7.30%.
The India Fund similarly doubled in the past year but had a dividend of 9.90%.
Since we’re looking at foreign markets we might as well go the extra mile and look at Morgan Stanley’s Eastern Europe Fund, which almost doubled but gave a dividend of 20%!!!!! Now thats a return I can live with.
Both of the India Funds have expense ratios of approx 1.5% and have Morning Star Ratings of 5 stars. Eastern Europe Fund has a higher expense ratio of 2.1% and a 4 star rating by Morning Star.
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April 23rd, 2006 at 4:22 pm
What do you think the future holds for this stock?
April 24th, 2006 at 5:09 am
i’m not a fortune teller nor do I play one on TV!
I read some data somewhere that says by 2050, India will be the world’s largest economy. I don’t know if thats true, but I’m confident the US will not do as well as it has in the near future. So I’ll be putting some eggs in foreign baskets.
April 24th, 2006 at 10:51 am
Cool, this is interesting. I need to increase my foreign market exposure. Will think about these funds.
April 25th, 2006 at 6:07 am
india the largest economy!!!.. I heard that goldman sachs predicts CHINA will the be the largest economy by 2020…. so we going to have two large players here?
April 25th, 2006 at 8:12 pm
The indian market has been doing insanely well. There is no doubt foreign exposure is most definitely mandatory for any investor. Just be sure to know where your money is going.
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