What Next for Indian Equities?

JPMorgan India manager expects the next five years of Narendra Modi's rule to be fruitful for investors in the country

James Gard 26 June, 2019 | 11:14AM
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Narendra Modi, India Prime Minister

Indian stock markets hit record highs after Narendra Modi was re-elected in a landslide victory in May, but is the best yet to come from Indian equities?

That’s the view of JPMorgan India Investment Trust (JII) manager Rukshad Shroff, who argues that corporate earnings are starting to bottom out after a long slump. 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
BGF India D4 GBP41.28 GBP0.79Rating
Fidelity India Focus A-GBP9.89 GBP0.86Rating
Franklin India W(acc)GBP33.89 GBP0.42Rating
Housing Development Finance Corp Ltd2,812.35 INR0.00
ICICI Bank Ltd727.20 INR0.00
JPMorgan Indian Ord840.06 GBP0.85Rating
Jupiter Asian Income I GBP Acc182.35 GBP-0.05Rating
Reliance Industries Ltd Shs Dematerialised2,428.20 INR0.00

About Author

James Gard  is content editor for Morningstar.co.uk


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