Why this top-performing stock market has fallen out of form

Today’s episode looks at the prospects for investing in India, which has been a top-performing stock market over the past decade, and performed particularly very well following the Covid-19 pandemic. However, returns have cooled lately, with the average India fund down around -17.4% over the past three months, and down -15.8% over the past six months.

To find out why this sell-off occurred, Sam Benstead recently interviewed Hiren Dasani, lead manager of the Goldman Sachs India Equity fund, which was added to interactive investor’s Super 60 list of investment ideas earlier this year.

The interview also covers whether India’s stock market trading on a higher valuation than other emerging markets is justified, whether Donald Trump’s tariffs are a headwind for India, and Hiren makes the case for active fund management as opposed to investors owning the market through an index fund or exchange-traded fund (ETF).

ii Super 60 investment Portfolio Ideas - ii

ii Super 60 is a range of funds, investment trusts, and ETFs that our team have handpicked as quality options for a your investing goals. 

On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news.

Kyle Caldwell is Collectives Editor at interactive investor.

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