- Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (N-Q)
November 24 2009 - 11:23AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment
Company Act file number
|
811-08238
|
|
|
MORGAN
STANLEY INDIA INVESTMENT FUND, INC.
|
(Exact name of registrant as specified in charter)
|
|
522 FIFTH AVENUE NEW YORK, NY
|
|
10036
|
(Address of principal executive offices)
|
|
(Zip code)
|
|
RANDY TAKIAN
522 FIFTH AVENUE NEW YORK, NY, 10036
|
(Name and address of agent for service)
|
|
Registrants
telephone number, including area code:
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1-800-231-2608
|
|
|
Date of
fiscal year end:
|
12/31
|
|
|
|
|
Date of
reporting period:
|
9/30/09
|
|
|
|
|
|
|
|
|
Item 1. Schedule of Investments.
The
Funds 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,
2009 (unaudited)
|
|
Shares
|
|
Value
(000)
|
|
COMMON STOCKS (96.0%)
|
|
|
|
|
|
(Unless Otherwise Noted)
|
|
|
|
|
|
Auto Components (0.0%)
|
|
|
|
|
|
Apollo Tyres Ltd.
|
|
18,750
|
|
$
|
18
|
|
Patheja Forgings & Auto Parts
Manufacturers Ltd. (a)(b)(c)
|
|
450,000
|
|
|
|
|
|
|
|
18
|
|
Automobiles (7.5%)
|
|
|
|
|
|
Hero Honda Motors Ltd.
|
|
1,054,923
|
|
36,675
|
|
|
|
|
|
|
|
Chemicals (1.1%)
|
|
|
|
|
|
ICI India Ltd.
|
|
25,000
|
|
292
|
|
United Phosphorus Ltd.
|
|
1,445,532
|
|
4,984
|
|
|
|
|
|
5,276
|
|
Commercial Banks (18.4%)
|
|
|
|
|
|
Bank of Baroda (b)
|
|
1,008,893
|
|
10,209
|
|
HDFC Bank Ltd.
|
|
1,349,969
|
|
46,318
|
|
ICICI Bank Ltd.
|
|
913,600
|
|
17,237
|
|
IndusInd Bank Ltd.
|
|
3,308,700
|
|
7,951
|
|
State Bank of India Ltd.
|
|
156,244
|
|
7,129
|
|
Union Bank of India (b)
|
|
264,320
|
|
1,320
|
|
|
|
|
|
90,164
|
|
Construction & Engineering (6.2%)
|
|
|
|
|
|
Hindustan Construction Co.
|
|
4,443,700
|
|
12,120
|
|
Larsen & Toubro Ltd.
|
|
523,600
|
|
18,386
|
|
|
|
|
|
30,506
|
|
Containers & Packaging (0.8%)
|
|
|
|
|
|
Ess Dee Aluminum Ltd. (c)
|
|
549,519
|
|
4,091
|
|
|
|
|
|
|
|
Diversified Financial Services (1.3%)
|
|
|
|
|
|
Indiabulls Financial Services Ltd.
|
|
1,586,709
|
|
6,252
|
|
|
|
|
|
|
|
Electric Utilities (1.4%)
|
|
|
|
|
|
NHPC Ltd. (c)
|
|
6,645,120
|
|
4,773
|
|
Torrent Power Ltd.
|
|
323,258
|
|
2,140
|
|
|
|
|
|
6,913
|
|
Electrical Equipment (7.1%)
|
|
|
|
|
|
ABB Ltd.
|
|
292,100
|
|
4,763
|
|
Bharat Heavy Electricals Ltd.
|
|
505,828
|
|
24,488
|
|
Jyoti Structures Ltd.
|
|
1,727,888
|
|
5,577
|
|
|
|
|
|
34,828
|
|
Energy Equipment & Services (1.5%)
|
|
|
|
|
|
Aban Offshore Ltd.
|
|
220,700
|
|
7,313
|
|
|
|
|
|
|
|
Food Products (3.0%)
|
|
|
|
|
|
Nestle India Ltd.
|
|
308,184
|
|
14,541
|
|
|
|
|
|
|
|
Household Products (3.6%)
|
|
|
|
|
|
Hindustan Unilever Ltd.
|
|
3,279,600
|
|
17,903
|
|
|
|
|
|
|
|
Independent Power Producers & Energy
Traders (1.8%)
|
|
|
|
|
|
GVK Power & Infrastructure Ltd. (c)
|
|
8,969,415
|
|
8,661
|
|
|
|
|
|
|
|
Industrial Conglomerates (3.9%)
|
|
|
|
|
|
Jaiprakash Associates Ltd.
|
|
3,857,900
|
|
19,047
|
|
|
|
|
|
|
|
Information Technology Services (10.7%)
|
|
|
|
|
|
Infosys Technologies Ltd.
|
|
773,121
|
|
37,067
|
|
Tata Consultancy Services Ltd.
|
|
771,500
|
|
9,960
|
|
Wipro Ltd.
|
|
434,000
|
|
5,432
|
|
|
|
|
|
52,459
|
|
Media (5.4%)
|
|
|
|
|
|
Deccan Chronicle Holdings Ltd.
|
|
4,252,924
|
|
11,162
|
|
Sun TV Network Ltd.
|
|
2,088,500
|
|
14,232
|
|
Television Eighteen India Ltd. (b)(c)
|
|
545,287
|
|
1,126
|
|
|
|
|
|
26,520
|
|
Oil, Gas & Consumable Fuels (7.6%)
|
|
|
|
|
|
Hindustan Petroleum Corp. Ltd.
|
|
805,232
|
|
6,728
|
|
Reliance Industries Ltd. (c)
|
|
663,900
|
|
30,385
|
|
|
|
|
|
37,113
|
|
Pharmaceuticals (3.4%)
|
|
|
|
|
|
Aurobindo Pharma Ltd.
|
|
397,755
|
|
6,456
|
|
Glenmark Pharmaceuticals Ltd.
|
|
2,032,100
|
|
10,058
|
|
|
|
|
|
16,514
|
|
Real Estate Management & Development
(6.9%)
|
|
|
|
|
|
DLF Ltd.
|
|
547,000
|
|
4,980
|
|
Indiabulls Real Estate Ltd. (c)
|
|
1,120,400
|
|
6,330
|
|
Phoenix Mills Ltd.
|
|
1,112,831
|
|
4,126
|
|
Unitech Ltd.
|
|
8,131,579
|
|
18,155
|
|
|
|
|
|
33,591
|
|
Software (0.6%)
|
|
|
|
|
|
Geodesic Ltd.
|
|
955,459
|
|
2,767
|
|
|
|
|
|
|
|
Tobacco (2.0%)
|
|
|
|
|
|
ITC Ltd.
|
|
2,037,700
|
|
9,872
|
|
|
|
|
|
|
|
Transportation Infrastructure (0.6%)
|
|
|
|
|
|
Mundra Port and Special Economic Zone Ltd.
|
|
293,642
|
|
3,173
|
|
|
|
|
|
|
|
Wireless Telecommunication Services (1.2%)
|
|
|
|
|
|
Bharti Airtel Ltd.
|
|
671,400
|
|
5,844
|
|
TOTAL COMMON STOCKS
(Cost $373,078)
|
|
|
|
470,041
|
|
|
|
|
|
|
|
|
|
No. of
Rights
|
|
|
|
RIGHTS
(
0.0%
)
|
|
|
|
|
|
Media (0.0%)
|
|
|
|
|
|
Television Eighteen India Ltd.,
expires 10/13/09 (c) (Cost $)
|
|
272,643
|
|
74
|
|
|
|
|
|
|
|
|
|
Shares
|
|
|
|
SHORT-TERM INVESTMENT (1.3%)
|
|
|
|
|
|
Investment Company (1.3%)
|
|
|
|
|
|
Morgan Stanley Institutional Liquidity Funds
Money Market Portfolio Institutional Class (d)
(Cost $6,550)
|
|
6,550,077
|
|
6,550
|
|
TOTAL INVESTMENTS
(97.3%) (Cost
$379,628) +
|
|
|
|
476,665
|
|
OTHER ASSETS IN EXCESS OF
LIABILITIES
(2.7%)
|
|
|
|
13,305
|
|
NET ASSETS (100%)
|
|
|
|
$
|
489,970
|
|
(a)
|
Security
has been deemed illiquid at September 30, 2009.
|
(b)
|
At
September 30, 2009, the Fund held approximately $12,655,000 of fair
valued securities, representing 2.6% of net assets. These securities have
been fair valued as determined in good faith under procedures established by
and under the general supervision of the Funds Directors.
|
(c)
|
Non-income
producing security.
|
(d)
|
The
Fund invests in the Morgan Stanley Institutional Liquidity Funds Money Market
Portfolio Institutional Class (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
period ended September 30, 2009, advisory fees paid were reduced by
approximately $6,000 relating to the Funds investments in the Liquidity
Fund. For the same period, income distributions earned by the Fund are recorded
as dividends from affiliates and totaled approximately $11,000. For the
period ended September 30, 2009, the approximate cost of purchases and
sales in the Liquidity Fund were $47,421,000 and $76,683,000, respectively.
|
Morgan
Stanley India Investment Fund, Inc.
Portfolio
of Investments
Third
Quarter Report
September 30,
2009 (unaudited)
+
|
At
September 30, 2009, the U.S. Federal income tax cost basis of
investments was approximately $379,628,000 and, accordingly, net unrealized
appreciation for U.S. Federal income tax purposes was $97,037,000 of which
$114,064,000 related to appreciated securities and $17,027,000 related to
depreciated securities.
|
Fair Value Measurement Information:
The
following is a summary of the inputs used to value the Funds net assets as of September 30,
2009. (See Notes to Portfolio of Investments for further information regarding
fair value measurement.)
Investment Type
|
|
Level 1
Quoted
prices
(000)
|
|
Level 2
Other
significant
observable
inputs
(000)
|
|
Level 3
Significant
unobservable
inputs
(000)
|
|
Total
(000)
|
|
Assets:
|
|
|
|
|
|
|
|
|
|
Common Stocks
|
|
|
|
|
|
|
|
|
|
Auto Components
|
|
$
|
18
|
|
$
|
|
|
$
|
|
**
|
$
|
18
|
|
Automobiles
|
|
36,675
|
|
|
|
|
|
36,675
|
|
Chemicals
|
|
5,276
|
|
|
|
|
|
5,276
|
|
Commercial Banks
|
|
78,635
|
|
11,529
|
|
|
|
90,164
|
|
Construction & Engineering
|
|
30,506
|
|
|
|
|
|
30,506
|
|
Containers & Packaging
|
|
4,091
|
|
|
|
|
|
4,091
|
|
Diversified Financial Services
|
|
6,252
|
|
|
|
|
|
6,252
|
|
Electric Utilities
|
|
6,913
|
|
|
|
|
|
6,913
|
|
Electrical Equipment
|
|
34,828
|
|
|
|
|
|
34,828
|
|
Energy Equipment & Services
|
|
7,313
|
|
|
|
|
|
7,313
|
|
Food Products
|
|
14,541
|
|
|
|
|
|
14,541
|
|
Household Products
|
|
17,903
|
|
|
|
|
|
17,903
|
|
Independent Power Producers & Energy
Traders
|
|
8,661
|
|
|
|
|
|
8,661
|
|
Industrial Conglomerates
|
|
19,047
|
|
|
|
|
|
19,047
|
|
Information Technology Services
|
|
|
52,459
|
|
|
|
|
|
|
|
|
52,459
|
|
Media
|
|
25,394
|
|
1,126
|
|
|
|
26,520
|
|
Oil, Gas & Consumable Fuels
|
|
37,113
|
|
|
|
|
|
37,113
|
|
Pharmaceuticals
|
|
16,514
|
|
|
|
|
|
16,514
|
|
Real Estate Management & Development
|
|
33,591
|
|
|
|
|
|
33,591
|
|
Software
|
|
2,767
|
|
|
|
|
|
2,767
|
|
Tobacco
|
|
9,872
|
|
|
|
|
|
9,872
|
|
Transportation Infrastructure
|
|
3,173
|
|
|
|
|
|
3,173
|
|
Wireless Telecommunication Services
|
|
5,844
|
|
|
|
|
|
5,844
|
|
Total Common Stocks
|
|
457,386
|
|
12,655
|
|
|
**
|
470,041
|
|
Rights
|
|
|
|
74
|
|
|
|
74
|
|
Short-Term Investment
|
|
|
|
|
|
|
|
|
|
Investment Company
|
|
6,550
|
|
|
|
|
|
6,550
|
|
Total Assets
|
|
463,936
|
|
12,729
|
|
|
**
|
476,665
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
463,936
|
|
$
|
12,729
|
|
$
|
|
**
|
$
|
476,665
|
|
The
following is a reconciliation of investments in which significant unobservable
inputs (Level 3) were used in determining value:
|
|
Common
Stock
(000)
|
|
Balance as of 12/31/08
|
|
$
|
|
**
|
Accrued discounts/premiums
|
|
|
|
Realized gain (loss)
|
|
|
|
Change in unrealized
appreciation
(depreciation)
|
|
|
|
Net purchases (sales)
|
|
|
|
Net transfers in and/or out of Level 3
|
|
|
|
Balance as of 9/30/09
|
|
$
|
|
**
|
The amount of total
gains (losses)
for the period included in earnings attributable to the change
in unrealized
gains (losses) relating to assets and liabilities still held at Level 3 at
9/30/09.
|
|
$
|
|
|
**
Includes a
security which is valued at zero.
Notes to Portfolio of Investments
(unaudited)
In accordance with FASB
ASC 820 Fair Value Measurements and Disclosure (ASC 820) (formerly known as
SFAS 157), fair value is defined as the price that the Fund would receive to
sell an investment or pay to transfer a liability in a timely transaction with
an independent buyer in the principal market, or in the absence of a principal
market the most advantageous market for the investment or liability. ASC 820
establishes a three-tier hierarchy to distinguish between (1) inputs that
reflect the assumptions market participants would use in valuing an asset or
liability developed based on market data obtained from sources independent of
the reporting entity (observable inputs) and (2) inputs that reflect the
reporting entitys own assumptions about the assumptions market participants
would use in valuing an asset or liability developed based on the best
information available in the circumstances (unobservable inputs) and to
establish classification of fair value measurements for disclosure purposes.
Various inputs are used in determining the value the Funds investments. The
inputs are summarized in the three broad levels listed below.
·
Level 1
|
|
quoted prices in active
markets for identical investments
|
·
Level 2
|
|
other significant
observable inputs (including quoted prices for similar investments, interest
rates, prepayment speeds, credit risk, etc.)
|
·
Level 3
|
|
significant
unobservable inputs (including the Funds own assumptions in determining the
fair value of investments)
|
The inputs or methodology
used for valuing securities are not necessarily an indication of the risk
associated with investing in those securities.
Security
Valuation:
Securities
listed on a foreign exchange are valued at their closing price except as noted
below. Unlisted securities and listed securities not traded on the valuation
date for which market quotations are readily available are valued at the mean
between the current bid and asked prices obtained from reputable brokers. Equity
securities listed on a U.S. exchange are valued at the latest quoted sales
price on the valuation date. Equity securities listed or traded on NASDAQ, for
which market quotations are available, are valued at the NASDAQ Official
Closing Price. Debt securities purchased with remaining maturities of 60 days
or less are valued at amortized cost, unless the Board of Directors (the Directors)
determines such valuation does not reflect the securities market value, in
which case these securities will be valued at their fair value as determined by
the Directors.
All other securities and
investments for which market values are not readily available, including
restricted securities, and those securities for which it is inappropriate to
determine prices in accordance with the aforementioned procedures, are valued
at fair value as determined in good faith under procedures adopted by the
Directors, although the actual calculations may be done by others. Factors
considered in making this determination may include, but are not limited to,
information obtained by contacting the issuer, analysts, or the appropriate
stock exchange (for exchange-traded securities), analysis of the issuers
financial statements or other available documents and, if necessary, available
information concerning other securities in similar circumstances.
Most foreign markets
close before the New York Stock Exchange (NYSE). Occasionally, developments
that could affect the closing prices of securities and other assets may occur
between the times at which valuations of such securities are determined (that
is, close of the foreign market on which the securities trade) and the close of
business on the NYSE. If these developments are expected to materially affect
the value of the securities, the valuations may be adjusted to reflect the
estimated fair value as of the close of the NYSE, as determined in good faith
under procedures established by the Directors.
Item 2. Controls and Procedures.
(a) The Funds principal executive officer and
principal financial officer have concluded that the Funds 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
Commissions 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 Funds
internal control over financial reporting that occurred during the registrants
fiscal quarter that has materially affected, or is reasonably likely to
materially affect, the Funds 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.
(Registrant)
|
Morgan Stanley India Investment Fund, Inc.
|
|
By:
|
/s/ Randy Takian
|
|
Name:
|
Randy Takian
|
|
Title:
|
Principal Executive Officer
|
|
Date:
|
November 19, 2009
|
|
|
|
|
|
|
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.
By:
|
/s/ Randy Takian
|
|
Name:
|
Randy Takian
|
|
Title:
|
Principal Executive Officer
|
|
Date:
|
November 19, 2009
|
|
|
|
|
|
By:
|
/s/ James Garrett
|
|
Name:
|
James Garrett
|
|
Title:
|
Principal Financial Officer
|
|
Date:
|
November 19, 2009
|
|
|
|
|
|
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