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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (9516)	11/11/1999 2:07:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Morgan Stanley declares its half-yearly portfolio 11-11-1999 12:19:14 Infosys Technologies Hero Honda Zee Telefilms TELCO BHEL Tata Tea Container Corporation Cipla HDFC Glaxo ITC MRF Dabur Larsen & Toubro TVS Suzuki Cummins India Indian Hotels Essel Packaging Sundaram Fasteners E Merck MTNL Asahi India Safety Glass Agrevo India Indo Gulf Corporation Wyeth Lederle The above stocks represent about 79% of total portfolio. This is a sea change from the situation about 2-3 years ago when they had over 100 scrips in portfolio. In the past, Morgan Stanley Growth Fund had attracted ire of retail investors who had seen their hard earned money slowly disappear when the NAVs dipped. The fund seems to have solve most of its problems with the aggressive restructuring undertaken by the fund managers. The Fund NAV (up 33.9% for Q6/99) has outperformed both the BSE 200 (up 24.2% for Q6/99) and S&P CNX 500 (up 26.3% for Q6/99). Investment philosophy is focussed around picking companies that fulfill the following criteria: Quality of management Market leaders High RoE Does not require continuous cash calls On a different track, there has been rumors in the market that there will be aggressive buying in most of these scrips as the date of declaring and calculating the Fund NAV draws nearer. Only time will tell?(Probity)