The story to some extent is similar to China. If, as an investor, you believe India will be one of the top economies, and want exposure to that, then this fund might be one to consider. India has various positive factors to consider which includes the size of the economy, political stability, demographics, diversified equity market and consistent equity inflows.
There are risks around whether the economy slows down as well as political risks and oil prices. In terms of political risk, Modi has just won a second term and has brought in stability to the economy as well as reforms. They believe that the path to reform will continue, and we spoke about the risk of Modi going, but they believe the path of reform, now started, would continue…read more