- Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (N-Q)
May 27 2010 - 4:18PM
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
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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
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10036
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(Address of principal executive offices)
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(Zip code)
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RANDY TAKIAN
522 FIFTH AVENUE NEW YORK, NY, 10036
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(Name and address of agent for service)
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Registrants
telephone number, including area code:
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1-800-231-2608
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Date of
fiscal year end:
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12/31
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Date of
reporting period:
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3/31/10
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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
First Quarter Report
March 31, 2010 (unaudited)
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Value
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Shares
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(000)
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COMMON STOCKS (94.3%)
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Auto Components (0.0%)
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|
|
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Apollo Tyres Ltd.
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18,750
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$
|
30
|
|
|
|
|
|
|
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Automobiles (3.0%)
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|
|
|
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Hero Honda Motors Ltd.
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388,281
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16,816
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Patheja Forgings & Auto Parts
Manufacturers
Ltd. (a)(b)(c)
|
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450,000
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|
|
|
|
|
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16,816
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Chemicals (0.5%)
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|
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Asian Paints Ltd.
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57,530
|
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2,613
|
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ICI India Ltd.
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25,000
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335
|
|
|
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2,948
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Commercial Banks (17.0%)
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|
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Bank of Baroda
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726,893
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10,347
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HDFC Bank Ltd.
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1,116,069
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48,066
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ICICI Bank Ltd.
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658,100
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13,962
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IndusInd Bank Ltd.
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3,308,700
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12,536
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Yes Bank Ltd. (c)
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1,976,132
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11,277
|
|
|
|
|
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96,188
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Construction & Engineering (6.1%)
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Gammon India Ltd.
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2,160,800
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11,332
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Hindustan Construction Co.
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2,810,200
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8,394
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Larsen & Toubro Ltd.
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|
404,540
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14,696
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|
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34,422
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Containers & Packaging (0.9%)
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Ess Dee Aluminum Ltd.
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549,519
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4,953
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|
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Diversified Financial Services (1.1%)
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|
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Rural Electrification Corp. Ltd.
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1,176,430
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6,568
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|
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Electric Utilities (4.3%)
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KSK Energy Ventures Ltd. (c)
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2,948,000
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12,099
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NHPC Ltd. (c)
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7,732,620
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5,244
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Torrent Power Ltd.
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1,127,000
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7,251
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24,594
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Electrical Equipment (3.3%)
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Bharat Heavy Electricals Ltd.
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349,628
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18,618
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Food Products (7.5%)
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Balrampur Chini Mills Ltd.
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1,640,000
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3,370
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K.S. Oils Ltd.
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3,378,300
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5,098
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McLeod Russel India Ltd.
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1,828,000
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11,016
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Nestle India Ltd.
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231,884
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13,822
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Shree Renuka Sugars Ltd.
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5,842,400
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9,279
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42,585
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Gas Utilities (2.0%)
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GAIL India Ltd.
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929,454
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8,501
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Guajarat State Petronet Ltd.
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1,344,667
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2,628
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11,129
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Household Products (1.0%)
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Godrej Consumer Products Ltd.
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1,005,565
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5,853
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Information Technology Services (9.4%)
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Infosys Technologies Ltd.
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592,621
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34,531
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Tata Consultancy Services Ltd.
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696,761
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12,116
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Wipro Ltd.
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443,108
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6,977
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53,624
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Machinery (6.6%)
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Ashok Leyland Ltd.
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7,354,784
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9,141
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Tata Motors Ltd.
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1,669,647
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28,179
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37,320
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Media (6.3%)
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Deccan Chronicle Holdings Ltd.
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4,252,924
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14,603
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Sun TV Network Ltd.
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2,224,253
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21,204
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35,807
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Metals & Mining (6.3%)
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Hindalco Industries Ltd.
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3,680,450
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14,859
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Hindustan Zinc Ltd.
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452,360
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12,135
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Usha Martin Ltd.
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3,900,200
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8,826
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35,820
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Oil, Gas & Consumable Fuels (5.4%)
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Reliance Industries Ltd.
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1,285,010
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30,748
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Pharmaceuticals (8.7%)
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Aurobindo Pharma Ltd.
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452,755
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9,675
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Dr. Reddys Laboratories Ltd.
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717,727
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20,382
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Glenmark Pharmaceuticals Ltd.
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2,576,100
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15,410
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Ranbaxy Laboratories Ltd. (c)
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372,333
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3,943
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49,410
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Real Estate Management & Development (0.8%)
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Phoenix Mills Ltd.
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1,112,831
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4,607
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Tobacco (3.1%)
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ITC Ltd.
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2,965,400
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17,375
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Transportation Infrastructure (1.0%)
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Mundra Port and Special Economic
Zone Ltd.
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315,642
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5,551
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TOTAL COMMON STOCKS
(Cost $424,419)
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534,966
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SHORT-TERM INVESTMENT (0.2%)
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Investment Company (0.2%)
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Morgan Stanley Institutional Liquidity
Funds Money
Market Portfolio
Institutional
Class (d) (Cost $992)
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992,170
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992
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TOTAL INVESTMENTS
(94.5%) (Cost $425,411) +
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535,958
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OTHER ASSETS IN EXCESS OF LIABILITIES
(5.5%)
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31,183
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NET ASSETS (100%)
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|
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$
|
567,141
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(a)
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Security has been deemed
illiquid at March 31, 2010.
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(b)
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At March 31, 2010, the
Fund held a fair valued security, valued at $0, representing less than 0.0%
of net assets. This security has been fair valued as determined in good faith
under procedures established by and under the general supervision of the
Funds Directors.
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(c)
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Non-income producing
security.
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(d)
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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 March 31, 2010,
advisory fees paid were reduced by less than $500 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 less
than $500. For the period ended March 31, 2010, the approximate cost of
purchases and sales in the Liquidity Fund were $430,000 and $1,734,000,
respectively.
|
Morgan Stanley India Investment
Fund, Inc.
Portfolio of Investments
First Quarter Report
March 31, 2010 (unaudited)
+
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|
At March 31, 2010, the
U.S. Federal income tax cost basis of investments was approximately
$425,411,000 and, accordingly, net unrealized appreciation for U.S. Federal
income tax purposes was $110,547,000 of which $127,962,000 related to
appreciated securities and $17,415,000 related to depreciated securities.
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Fair Value
Measurement Information:
The following is a summary of
the inputs used to value the Funds net assets as of March 31, 2010. (See
Notes to Portfolio of Investments for further information regarding fair value
measurement.)
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Level 2
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Other
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Level 3
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Level 1
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significant
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Significant
|
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Quoted
|
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observable
|
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unobservable
|
|
|
|
|
|
prices
|
|
inputs
|
|
inputs
|
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Total
|
|
Investment
Type
|
|
(000)
|
|
(000)
|
|
(000)
|
|
(000)
|
|
Assets:
|
|
|
|
|
|
|
|
|
|
Common Stocks
|
|
|
|
|
|
|
|
|
|
Auto
Components
|
|
$
|
30
|
|
$
|
|
|
$
|
|
|
$
|
30
|
|
Automobiles
|
|
16,816
|
|
|
|
|
**
|
16,816
|
|
Chemicals
|
|
2,948
|
|
|
|
|
|
2,948
|
|
Commercial
Banks
|
|
96,188
|
|
|
|
|
|
96,188
|
|
Construction &
Engineering
|
|
34,422
|
|
|
|
|
|
34,422
|
|
Containers &
Packaging
|
|
4,953
|
|
|
|
|
|
4,953
|
|
Diversified
Financial Services
|
|
6,568
|
|
|
|
|
|
6,568
|
|
Electric Utilities
|
|
24,594
|
|
|
|
|
|
24,594
|
|
Electrical
Equipment
|
|
18,618
|
|
|
|
|
|
18,618
|
|
Food Products
|
|
42,585
|
|
|
|
|
|
42,585
|
|
Gas Utilities
|
|
11,129
|
|
|
|
|
|
11,129
|
|
Household
Products
|
|
5,853
|
|
|
|
|
|
5,853
|
|
Information
Technology Services
|
|
53,624
|
|
|
|
|
|
53,624
|
|
Machinery
|
|
37,320
|
|
|
|
|
|
37,320
|
|
Media
|
|
35,807
|
|
|
|
|
|
35,807
|
|
Metals & Mining
|
|
35,820
|
|
|
|
|
|
35,820
|
|
Oil, Gas &
Consumable Fuels
|
|
30,748
|
|
|
|
|
|
30,748
|
|
Pharmaceuticals
|
|
49,410
|
|
|
|
|
|
49,410
|
|
Real Estate
Management & Development
|
|
4,607
|
|
|
|
|
|
4,607
|
|
Tobacco
|
|
17,375
|
|
|
|
|
|
17,375
|
|
Transportation
Infrastructure
|
|
5,551
|
|
|
|
|
|
5,551
|
|
Total Common
Stocks
|
|
534,966
|
|
|
|
|
**
|
534,966
|
|
Short-Term Investments
|
|
|
|
|
|
|
|
|
|
Investment
Company
|
|
992
|
|
|
|
|
|
992
|
|
Total Assets
|
|
535,958
|
|
|
|
|
**
|
535,958
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
535,958
|
|
$
|
|
|
$
|
|
**
|
$
|
535,958
|
|
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 12/31/09
|
|
$
|
|
**
|
Accrued discounts/premiums
|
|
|
|
Realized gain (loss)
|
|
|
|
Change in unrealized
appreciation (depreciation)
|
|
|
|
Net purchases (sales)
|
|
|
|
Transfers in for Level 3
|
|
|
|
Transfers out of Level 3
|
|
|
|
Balance as of 3/31/10
|
|
$
|
|
**
|
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 3/31/10.
|
|
$
|
|
|
**
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:
|
May 17, 2010
|
|
|
|
|
|
|
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:
|
May 17, 2010
|
|
|
|
|
|
By:
|
/s/ Frank Smith
|
|
Name:
|
Frank Smith
|
|
Title:
|
Principal Financial Officer
|
|
Date:
|
May 17, 2010
|
|
|
|
|
|
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