2024-04-25 23:16:05 ET
Summary
- IIF has started 2024 on a positive note.
- The fund’s intact fundamentals point to more outperformance to come.
- A wider-than-usual NAV discount makes the risk/reward especially interesting.
News flow out of India continues to be overwhelmingly positive for markets. The latest quarterly GDP data , for instance, came in at a better-than-expected +8.4% YoY in real terms, confirming the underlying momentum of India's economy. It’s also worth noting that this acceleration is being driven mostly by investment - the key tenet of the incumbent government’s development plan for the last and next five years (per its election manifesto)....
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IIF: Active Indian Fund Poised For Post-Election Outperformance