Indian Equity Fund
Share Class :
 
ISIN: LU0360485733
 
 
Overall Morningstar Rating
Indian Equity Fund
ISIN: LU0360485733
Share Class :

Indian Equity Fund

SHARE CLASS :
ISIN: LU0360485733
 
Overall Morningstar Rating
 
 
 
Investment Objective
Long term growth of your investment.
Investment Approach
To seek long-term capital appreciation, measured in US dollars, by investment directly (subject to the Fund's obtaining applicable regulatory approval as the case may be) or through Morgan Stanley SICAV (Mauritius) Limited (the 'Subsidiary'), primarily in the equity securities of companies domiciled or exercising the predominant part of their economic activity in India.
 
0.07
Alpha (3 yr) (%)
6.57
Tracking error (3 yr) (%)
Jun '08
Share Class Launch Date
 
 
Pricing & Performance

Past performance is not a reliable indicator of future results. Returns may increase or decrease as a result of currency fluctuations. All performance data is calculated NAV to NAV, net of fees, and does not take account of commissions and costs incurred on the issue and redemption of units. The sources for all performance and Index data is Morgan Stanley Investment Management. Please click here for additional performance disclosures and important information, which should be reviewed carefully.

As of 30-Jun-2018

As of 13-Jul-2018

As of 30-Jun-2018

As of 13-Jul-2018


Performance of 100 USD invested
Performance of 100 USD invested

     
Past performance is not a reliable indicator of future results.
 
 
Average Annual Total Returns As of 30-Jun-2018 As of 30-Jun-2018
1 YR 3 YRS 5 YRS 10 YRS Since Inception
Share Class Z USD (%) -4.23 5.41 12.75 7.29 6.58
MSCI India (Net) Index (%) 6.47 5.34 8.99 5.18 4.53
1 YR 3 YRS 5 YRS 10 YRS Since Inception
Share Class Z USD (%) -4.23 5.41 12.75 7.29 6.58
MSCI India (Net) Index (%) 6.47 5.34 8.99 5.18 4.53
2011 2012 2013 2014 2015 2016 2017
Share Class Z USD (%) -37.70 29.31 -7.09 44.32 -0.29 2.72 41.73
MSCI India (Net) Index (%) -37.17 25.97 -3.83 23.87 -6.12 -1.43 38.76
2014 2015 2016 2017 2018
Share Class Z USD (%) 24.67 24.76 -0.49 22.90 -4.23
MSCI India (Net) Index (%) 27.40 3.26 -6.54 17.47 6.47
 
Average Annual Total Returns
As of 30-Jun-2018
TIMEFRAME Share Class Z USD (%) MSCI India (Net) Index (%)
1 Yr -4.23 6.47
3 Yrs 5.41 5.34
5 Yrs 12.75 8.99
10 Yrs 7.29 5.18
Since Inception 6.58 4.53
As of 30-Jun-2018
TIMEFRAME Share Class Z USD (%) MSCI India (Net) Index (%)
1 Yr -4.23 6.47
3 Yrs 5.41 5.34
5 Yrs 12.75 8.99
10 Yrs 7.29 5.18
Since Inception 6.58 4.53
TIMEFRAME Share Class Z USD (%) MSCI India (Net) Index (%)
2011 -37.70 -37.17
2012 29.31 25.97
2013 -7.09 -3.83
2014 44.32 23.87
2015 -0.29 -6.12
2016 2.72 -1.43
2017 41.73 38.76
TIMEFRAME Share Class Z USD (%) MSCI India (Net) Index (%)
2014 24.67 27.40
2015 24.76 3.26
2016 -0.49 -6.54
2017 22.90 17.47
2018 -4.23 6.47
Past performance is not a reliable indicator of future results.
 
 
Risk/Return Statistics

TIMEFRAME:
    Share Class Z Index
Beta 0.93 1.00
Information ratio 0.01 --
R squared 0.85 1.00
Tracking error (%) 6.57 --
Volatility (Standard deviation) (%) 16.93 16.76
Past performance is not a reliable indicator of future results.
 
 
 
Risk and Reward Profile As of 12-Feb-2018
 
 
Lower Risk
High Risk
Potentially
Lower Rewards
Potentially
Higher Rewards
 
The risk and reward category shown is based on historic data.
  • Historic figures are only a guide and may not be a reliable indicator of what may happen in the future.
  • As such this category may change in the future.
  • The higher the category, the greater the potential reward, but also the greater the risk of losing the investment. Category 1 does not indicate a risk free investment.
  • The fund is in this category because it invests in shares of Indian companies and the fund's simulated and/or realised return has experienced high rises and falls historically.
  • The fund may be impacted by movements in the exchange rates between the fund's currency and the currencies of the fund's investments.
This rating does not take into account other risk factors which should be considered before investing, these include:
  • The fund relies on other parties to fulfill certain services, investments or transactions. If these parties become insolvent, it may expose the fund to financial loss.
  • There may be an insufficient number of buyers or sellers which may affect the funds ability to buy or sell securities.
  • There are increased risks of investing in emerging markets as political, legal and operational systems may be less developed than in developed markets.
  • Past performance is not a reliable indicator of future results. Returns may increase or decrease as a result of currency fluctuations. The value of investments and the income from them can go down as well as up and investors may lose all or a substantial portion of his or her investment.
  • The value of the investments and the income from them will vary and there can be no assurance that the Fund will achieve its investment objectives.
  • Investments may be in a variety of currencies and therefore changes in rates of exchange between currencies may cause the value of investments to decrease or increase. Furthermore, the value of investments may be adversely affected by fluctuations in exchange rates between the investor’s reference currency and the base currency of the investments.
The risk and reward category shown is based on historic data.
  • Historic figures are only a guide and may not be a reliable indicator of what may happen in the future.
  • As such this category may change in the future.
  • The higher the category, the greater the potential reward, but also the greater the risk of losing the investment. Category 1 does not indicate a risk free investment.
  • The fund is in this category because it invests in shares of Indian companies and the fund's simulated and/or realised return has experienced high rises and falls historically.
  • The fund may be impacted by movements in the exchange rates between the fund's currency and the currencies of the fund's investments.
This rating does not take into account other risk factors which should be considered before investing, these include:
  • The fund relies on other parties to fulfill certain services, investments or transactions. If these parties become insolvent, it may expose the fund to financial loss.
  • There may be an insufficient number of buyers or sellers which may affect the funds ability to buy or sell securities.
  • There are increased risks of investing in emerging markets as political, legal and operational systems may be less developed than in developed markets.
  • Past performance is not a reliable indicator of future results. Returns may increase or decrease as a result of currency fluctuations. The value of investments and the income from them can go down as well as up and investors may lose all or a substantial portion of his or her investment.
  • The value of the investments and the income from them will vary and there can be no assurance that the Fund will achieve its investment objectives.
  • Investments may be in a variety of currencies and therefore changes in rates of exchange between currencies may cause the value of investments to decrease or increase. Furthermore, the value of investments may be adversely affected by fluctuations in exchange rates between the investor’s reference currency and the base currency of the investments.
 
 
 
 
Composition 4 As of 31-May-2018
  Fund Index
Financials 29.13 23.77
Industrials 18.52 6.17
Consumer Discretionary 14.14 11.77
Utilities 9.67 2.00
Energy 7.97 12.89
Information Technology 6.88 16.25
Materials 5.72 9.10
Health Care 4.92 5.04
Consumer Staples 3.44 10.54
Cash & equivalents -0.38 --
Total 100.00 --


Holdings As of 31-May-2018
Fund Index
Eicher Motors Ltd 5.80 1.36
Indusind Bank Ltd 5.69 --
Indraprastha Gas Ltd 5.53 --
Hdfc Bank Ltd 5.31 --
Ashok Leyland Ltd 5.11 0.57
L&T Finance Holdings Limited 5.11 --
Icici Bank Ltd 5.00 2.25
Zee Entertainment Ltd 4.46 0.97
Petronet Lng Ltd 4.40 0.44
Bajaj Auto Ltd 4.15 0.76
Total 50.56 --

These securities and percentage allocations are only for illustrative purposes and do not constitute, and should not be construed as, investment advice or recommendations with respect to the securities or investments mentioned.



Portfolio Characteristics
Fund Index
Price/cash flow 26.02 11.94
Price/book 2 2.72
Price/earnings 22.20 18.95
Dividend Yield (%) 1.21 1.57
Number of holdings 34 79
 
 
Portfolio Managers
Managing Director
24 years industry experience
Head of Emerging Markets and Chief Global Strategist
24 years industry experience
Team members may be subject to change at any time without notice.
 
 
Insights by Global Emerging Markets Team
Connecting the Dots
The Futility of Asking "Where Is the Market Headed?"
Jan 11, 2018
Swanand believes India is one of the few places in the world that is a fertile ground for bottom-up work and has the potential to reward the patient stock picker.
Connecting the Dots
What No One Told You About Passive Investing
Aug 31, 2017
Swanand and Amay explain why investing money in index-tracking ETFs may make one “penny wise and pound foolish".
 
 
 

Please visit our Glossary page for fund related terms and definitions.

Performance data quoted is based on average annualized returns and net of fees.

The source for all performance and index data is Morgan Stanley Investment Management Limited.

Past performance is not indicative of future results. The value of the investments and the income from them can go down as well as up and an investor may not get back the amount invested. Returns may increase or decrease as a result of currency fluctuations. Performance data for funds with less than one year's track record is not shown. Performance is calculated net of fees. YTD performance data is not annualised. Performance of other share classes, when offered, may differ. Please consider the investment objectives, risks, charges and expenses of the fund carefully before investing. The prospectus and key investor information document (KIID) contains this and other information about the fund. Please read the prospectus and KIID carefully before you invest.

1 The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not take into account sales loads.

The Europe/Asia and South Africa category (EAA) includes funds domiciled in European markets, major cross-border Asian markets where material numbers of European UCITS funds are available (principally Hong Kong, Singapore and Taiwan), South Africa, and selected other Asian and African markets where Morningstar believes it is of benefit to investors for the funds to be included in the EAA classification system.

© 2018 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

2 The MSCI India Index is designed to measure the performance of the large and mid cap segments of the Indian market.

Entry Charge is a maximum possible figure. In some cases you might pay less, you can find this out from your financial adviser. Ongoing Charges reflect the payments and expenses incurred during the fund's operation and are deducted from the assets of the fund over the period. It includes fees paid for investment management (Management Fee), trustee/custodian, and administration charges. The Minimum Initial Investment/Minimum Subsequent Investment amounts may be in US Dollars (or the Euro Yen or Sterling equivalent of the US Dollar amount). For more information please see the Charges and Expenses section of the prospectus.

4 May not sum to 100% due to rounding. For additional information regarding sector classification/definitions please visit www.msci.com/gics and the glossary page. Cash & Equivalents are defined as the value of assets that can be converted into cash immediately. These include commercial paper, open FX transactions, Treasury bills and other short-term instruments.  Such instruments are considered cash equivalents because they are deemed liquid and not subject to significant risk of changes in values. 

 
 

WAM is the weighted average maturity of the portfolio. The WAM calculation utilizes the interest-rate reset date, rather than a security's stated final maturity, for variable- and floating- rate securities. By looking to a portfolio's interest rate reset schedule in lieu of final maturity dates, the WAM measure effectively captures a fund's exposure to interest rate movements and the potential price impact resulting from interest rate movements.

 

WAL is the weighted average life of the portfolio. The WAL calculation utilizes a security's stated final maturity date or, when relevant, the date of the next demand feature when the fund may receive payment of principal and interest (such as a put feature). Accordingly, WAL reflects how a portfolio would react to deteriorating credit (widening spreads) or tightening liquidity conditions.

 

It is important that users read the Terms of Use before proceeding as it explains certain legal and regulatory restrictions applicable to the dissemination of information pertaining to Morgan Stanley Investment Management's investment products.

The services described on this website may not be available in all jurisdictions or to all persons. For further details, please see our Terms of Use.


Privacy & Cookies    •    Terms of Use

©  Morgan Stanley. All rights reserved.