India has been one of the top-performing markets of the last few years as investors have bought into the investment story of rapid growth, strong demographics and an emerging middle class.
However, it is now highly valued, trading on a price-to-earnings premium to most of its emerging market peers. Nitin Rakesh, CEO of Motilal Oswal, manager of the new Gemini MOSt India fund, believes it is the perfect time for a value approach to investing in the country. The new fund is run by Motilal Oswal Asset Management Company (MOAMC), a Mumbai-based subsidiary of Motilal Oswal Financial Services Group (MOSt). Track record The group has a quarter-century track record in managing Indian equities and currently runs around $350m in segregated mandates. The group’s value strat...
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