Morgan Stanley India Investment Fund, Inc. Announces Ashutosh Sinha Will No Longer Serve as Portfolio Manager, Effective December 31, 2019
June 19, 2019 at 04:30 pm EDT
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Morgan Stanley Investment Management announced portfolio management changes for Morgan Stanley India Investment Fund, Inc. The Fund is managed by the Emerging Markets Equity team of Morgan Stanley Investment Management Inc. The team consists of portfolio managers and analysts. Current members of the team jointly and primarily responsible for the day-to-day management of the Fund’s portfolio are Ashutosh Sinha, a Managing Director of Morgan Stanley Investment Management Company, Amay Hattangadi, a Managing Director of the Sub-Adviser, and Ruchir Sharma, a Managing Director of the Adviser. Mr. Sinha has been associated with the Sub-Adviser in an investment management capacity since March 2011 and began managing the Fund in May 2012. Mr. Hattangadi has been associated with the Sub-Adviser or its affiliates in an investment management capacity since 1997 and began managing the Fund in March 2019. Mr. Sharma has been associated with the Adviser in an investment management capacity since 1996 and began managing the Fund in January 2001. Effective December 31, 2019, Ashutosh Sinha will no longer serve as a portfolio manager to the Fund.
Morgan Stanley India Investment Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund's investment objective is long-term capital appreciation. Under normal market conditions, substantially all, but not less than 80%, of the Fund's total assets will be invested in equity securities of Indian issuers. The Fund invests its assets over a broad spectrum of the Indian economy, including, as conditions warrant from time to time, trade, financial and business services, transport and communications, manufacturing, food processing and construction. The Fund does not invest more than 25% of its total assets in any one industry. To the extent that the Fund's assets are not invested in equity securities of Indian issuers, the remainder of its assets may be invested in debt securities of Indian issuers, and debt securities issued or guaranteed by the Indian Government or an Indian governmental. The Fund's adviser is Morgan Stanley Investment Management Inc.