, Columnist
Investing in India? Child's Play
A rally that had few friends as recently as March is lifting all boats.
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There's something about the Indian stock market this year that's turning the serious business of managing money into a kindergarten spoon race: Everybody is a winner.
Well, almost everybody. Among offshore funds that primarily invest in India, the top 30, which between them account for $40 billion in assets, have produced average returns of almost 25 percent so far in 2017, matching the surge in the Nifty 50 index. The top-performing Morgan Stanley India Investment Fund has chalked up gains of 32 percent.