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

To: DAMY who wrote (398)	5/6/1998 6:55:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Political stability in India-Well that is an overstatement.<gg> Ref:Morgan Stanley India Fund. Damy: I hope you didn't buy the fund thinking India is going to be politically stable, because I don't think that is going to happen any time soon.If any of the coalition government stays 6 months to a year that is would be a miracle. However if you bought the fund at a discount you should make money in the long run I would think.Most of the companies are selling at low P/Es especially compared to the U.S or Japanese companies and many f them are growing at 25% or more annually.The economy is expected to grow somewhere between 5-7% a year even with all the restrictions.I believe for one to get a good return in any mutual funds one has to hold it at least a min of 5 years preferably 10 years or more.That is all I know perhaps someone else can shed better light on the situation.

To: DAMY who wrote (398)	5/6/1998 7:59:00 PM
From: saju chacko	Respond to of 12475

i recall India fund (IFN) which summarily went down after it IPOed at 15.... well it recently went up from 6.5 which was an all time low to about 9, but it seems to be going down again... i love India too but there are better ways to make money and invest in India... i heard the fund manager didn't know much about India and well in my opinion one should know about what he invests in... apparently the India growth fund had a period of growth after the IPO.. but then it went down too... it seems to ba making the same early upward trend that IFN is... actually at a slower rate... whatever the case, one should know what the major industries are that these funds invest in.... back when i was following this stuff, cement, rubber, and lumber were heavily represented. another note.... from about that time to what i know right now, rubber prices have fallen like crazy.... this may explain some of the drop. let me know other things you find out about in investing in India... another point: i heard that the NRI accounts aren't that bad... about 20% if you put the money there in rupees... something less for dollars.... also from the last time i checked, there was a real estate boom going on in the major cities... especially where office buildings were.... the catch is that you have to carry an Indian passport to own land... any questions... just let me know and i'll try to find out... now i must go party, Saju