Morgans will act as lead manager for a new India focused LIC that is seeking to capitalise on trends such as an emerging middle class, a young population and increasing domestic consumption. Independent Investment Research has published a report giving India Fund a ‘Recommended’ rating. The report states; “A compelling case can be made for investing in India currently: GDP growth is forecast at 8-9% this year, corporate profit growth is strong, there’s an expectation of relative currency stability and the Modi government is implementing important structural reforms.” India currently enjoys some of the highest fixed income yields in the world (see chart). By investing in both listed Indian equities and fixed interest securities (65%/35%) India Fund aims to deliver long-term capital growth and regular income. Further information and the prospectus are available here (VIEW LINK)
Have been looking for exposure to India for my personal portfolio, still reading the prospectus, but this looks like an interesting option.