[Annotated Form N-Q]
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UNITED STATES |
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FORM N-Q |
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QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
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Investment Company Act file number |
811-08238 |
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MORGAN STANLEY INDIA INVESTMENT FUND, INC. |
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(Exact name of registrant as specified in charter) |
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522 FIFTH AVENUE, NEW YORK, NY |
10036 |
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(Address of principal executive offices) |
(Zip code) |
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RONALD E. ROBISON |
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(Name and address of agent for service) |
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Registrant’s telephone number, including area code: |
1-800-231-2608 |
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Date of fiscal year end: |
12/31 |
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Date of reporting period: |
9/30/07 |
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Item 1. Schedule of Investments.
The Fund’s schedule of investment as of the close of the reporting period prepared pursuant to Rule 12-12 Regulation S-X is as follows:
Morgan Stanley India Investment Fund, Inc.
Portfolio of Investments
Third Quarter Report
September 30, 2007 (unaudited)
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Value |
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Shares |
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(000) |
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COMMON STOCKS (97.1%) |
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(Unless Otherwise Noted) |
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Auto Components (0.8%) |
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Apollo Tyres Ltd. |
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18,750 |
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$ |
18 |
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Balkrishna Industries Ltd. |
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577,505 |
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8,491 |
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Patheja Forgings & Auto Parts Manufacturers Ltd. |
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(a)(b)(c)450,000 |
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@— |
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8,509 |
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Automobiles (3.9%) |
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Hero Honda Motors Ltd. |
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1,185 |
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22 |
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Mahindra & Mahindra Ltd. |
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591,000 |
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11,154 |
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Maruti Suzuki India Ltd. |
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1,276,000 |
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31,982 |
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43,158 |
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Biotechnology (1.1%) |
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Biocon Ltd. |
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1,043,593 |
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12,389 |
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Chemicals (1.2%) |
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Gujarat Fluorochemicals |
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866,883 |
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12,942 |
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ICI India Ltd. |
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25,000 |
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342 |
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13,284 |
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Commercial Banks (11.5%) |
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Axis Bank Ltd. |
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2,027,300 |
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38,900 |
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HDFC Bank Ltd. |
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1,677,769 |
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60,445 |
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HDFC Bank Ltd. ADR |
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168,000 |
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17,998 |
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Punjab National Bank Ltd. |
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(b)716,158 |
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11,612 |
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128,955 |
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Construction & Engineering (0.6%) |
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Hindustan Construction Co. |
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1,900,600 |
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6,532 |
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Construction Materials (2.1%) |
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Ambuja Cements Ltd. |
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3,599,500 |
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13,053 |
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Shree Cement Ltd. |
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280,370 |
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10,717 |
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23,770 |
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Containers & Packaging (1.1%) |
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Ess Dee Aluminium Ltd. |
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(b)(c)287,122 |
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3,646 |
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Ess Dee Aluminium Ltd. |
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(b)775,000 |
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9,042 |
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12,688 |
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Electrical Equipment (17.5%) |
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ABB Ltd. |
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2,662,455 |
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86,624 |
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Bharat Heavy Electricals Ltd. |
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1,343,228 |
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68,664 |
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Emco Ltd. |
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350,000 |
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9,814 |
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GVK Power & Infrastructure Ltd. |
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704,480 |
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11,618 |
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Jyoti Structures Ltd. |
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3,339,000 |
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18,728 |
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195,448 |
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Energy Equipment & Services (4.3%) |
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Aban Offshore Ltd. |
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550,235 |
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48,392 |
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Food Products (1.8%) |
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Nestle India Ltd. |
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616,500 |
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20,487 |
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Independent Power Producers & Energy Traders (2.3%) |
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NTPC Ltd. |
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5,349,800 |
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26,039 |
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Information Technology Services (8.9%) |
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HCL Technologies Ltd. |
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2,856,090 |
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21,542 |
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Infosys Technologies Ltd. |
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1,199,700 |
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56,985 |
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Infosys Technologies Ltd. ADR |
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24,600 |
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1,190 |
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SSI Ltd. |
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(a)281,987 |
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1,012 |
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Tata Consultancy Services Ltd. |
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127,000 |
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3,379 |
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Wipro Ltd. |
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1,302,182 |
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15,041 |
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99,149 |
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Machinery (3.6%) |
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Ashok Leyland Ltd. |
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11,185,100 |
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12,786 |
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Praj Industries Ltd. |
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4,694,000 |
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27,971 |
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40,757 |
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Media (7.7%) |
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Deccan Chronicle Holdings Ltd. |
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(b)6,037,230 |
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30,937 |
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New Delhi Television Ltd. |
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833,250 |
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7,916 |
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Television Eighteen India Ltd. |
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(b)631,318 |
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15,053 |
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Zee Entertainment Enterprises Ltd. |
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3,748,000 |
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32,154 |
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86,060 |
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Metals & Mining (4.4%) |
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Hindustan Zinc Ltd. |
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380,510 |
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7,745 |
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Steel Authority of India Ltd. |
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4,671,000 |
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24,283 |
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Welspun-Gujarat Stahl Ltd. |
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2,269,000 |
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16,858 |
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48,886 |
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Multiline Retail (3.7%) |
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Pantaloon Retail India Ltd. |
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(b)1,811,099 |
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27,877 |
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Phoenix Mills Ltd. |
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(a)280,000 |
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13,934 |
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41,811 |
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Oil, Gas & Consumable Fuels (4.1%) |
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Cairn India Ltd. |
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(a)2,970,000 |
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13,498 |
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Reliance Industries Ltd. |
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561,000 |
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32,354 |
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45,852 |
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Personal Products (1.4%) |
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Marico Ltd. |
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10,506,200 |
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15,991 |
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Pharmaceuticals (3.3%) |
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Aventis Pharma Ltd. |
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294,000 |
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8,652 |
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Glenmark Pharmaceuticals Ltd. |
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2,711,316 |
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28,744 |
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37,396 |
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Road & Rail (1.1%) |
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Container Corp. of India |
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235,251 |
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12,430 |
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Software (1.6%) |
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Geodesic Information Systems Ltd. |
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3,722,143 |
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17,771 |
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Textiles, Apparel & Luxury Goods (0.7%) |
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Himatsingka Seide Ltd. |
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2,284,322 |
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5,787 |
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SRF Ltd. |
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616,100 |
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2,246 |
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8,033 |
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Wireless Telecommunication Services (8.4%) |
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Bharti Airtel Ltd. |
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(a)(b)3,224,000 |
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77,630 |
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Reliance Communications Ltd. |
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1,132,600 |
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16,677 |
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94,307 |
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TOTAL COMMON STOCKS (Cost $564,890) |
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1,088,094 |
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SHORT-TERM INVESTMENT (1.9%) |
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Investment Company (1.9%) |
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Morgan Stanley Institutional Liquidity |
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Money Market Portfolio |
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— Institutional Class (Cost $20,958) |
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(d)20,958,342 |
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20,958 |
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TOTAL INVESTMENTS + (99.0%) (Cost $585,848) |
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1,109,052 |
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OTHER ASSETS IN EXCESS OF LIABILITIES (1.0%) |
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11,645 |
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NET ASSETS (100%) |
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$ |
1,120,697 |
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(a) |
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Non-income producing security. |
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(b) |
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Security was valued at fair value — At September 30, 2007, the Fund held fair valued securities valued at $175,797,000, representing 15.7% of net assets. |
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(c) |
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Security has been deemed illiquid at September 30, 2007. |
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(d) |
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The Fund invests in the Institutional Class of the Morgan Stanley Institutional Liquidity Money Market Portfolio (the “Liquidity Fund”), an open-end management investment company managed by the Adviser. Investment Advisory fees paid by the Fund are reduced by an amount equal to its pro-rata share of the advisory and administration fees paid by the Liquidity Fund. For the nine months ended September 30, 2007, advisory fees paid were reduced by $19,000 relating to the Fund’s investment in the Liquidity Fund. For the same period, income distributions earned by the Fund are recorded as interest from affiliates and totaled $961,000. During the nine months ended September 30, 2007, cost of purchases and sales in the Liquidity Fund were $333,459,000 and $312,501,000, respectively. |
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Value is less than $500. |
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ADR |
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American Depositary Receipt |
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At September 30, 2007, the U.S. Federal income tax cost basis of investments was approximately $585,848,000 and, accordingly, net unrealized appreciation for U.S. Federal income tax purposes was $523,204,000 of which $534,301,000 related to appreciated securities and $11,097,000 related to depreciated securities. |
Foreign Currency Exchange Contracts Information:
The Fund had the following foreign currency exchange contract(s) open at period end:
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Net |
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Unrealized |
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Currency |
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In |
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Appreciation |
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to Deliver |
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Value |
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Settlement |
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Exchange for |
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Value |
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(Depreciation) |
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(000) |
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(000) |
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Date |
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(000) |
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(000) |
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(000) |
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USD |
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2,839 |
$ |
2,839 |
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10/1/07 |
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INR |
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112,800 |
$ |
2,831 |
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(8 |
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USD |
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48 |
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48 |
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10/1/07 |
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INR |
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1,892 |
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48 |
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@— |
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USD |
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1,128 |
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1,128 |
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10/1/07 |
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INR |
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44,843 |
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1,125 |
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(3 |
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USD |
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994 |
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994 |
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10/1/07 |
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INR |
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39,503 |
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991 |
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(3 |
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USD |
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149 |
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149 |
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10/1/07 |
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INR |
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5,937 |
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149 |
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@— |
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$ |
5,158 |
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$ |
5,144 |
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(14 |
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INR |
— Indian Rupee |
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USD |
— United States Dollar |
Item 2. Controls and Procedures.
(a) The Fund’s principal executive officer and principal financial officer have concluded that the Fund’s disclosure controls and procedures are sufficient to ensure that information required to be disclosed by the Fund in this Form N-Q was recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, based upon such officers’ evaluation of these controls and procedures as of a date within 90 days of the filing date of the report.
(b) There were no changes in the Fund’s internal control over financial reporting that occurred during the registrant’s fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Fund’s internal control over financial reporting.
Item 3. Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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(Registrant) |
Morgan Stanley India Investment Fund, Inc. |
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By: |
/s/ Ronald E. Robison |
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Name: |
Ronald E. Robison |
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Title: |
Principal Executive Officer |
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Date: |
November 20, 2007 |
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Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
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By: |
/s/ Ronald E. Robison |
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Name: |
Ronald E. Robison |
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Title: |
Principal Executive Officer |
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Date: |
November 20, 2007 |
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By: |
/s/ James Garrett |
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Name: |
James Garrett |
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Title: |
Principal Financial Officer |
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Date: |
November 20, 2007 |
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