Indian Markets

Why India? The Indian market has been on a wild ride since the last 2 years. It has gone down by 25% since the beginning of the year, but even including that it has gone up by more than 500% since the last 5 years. The GDP growth has been hovering around 8-10% and the market has room for growth even though it might not be the same returns of the last few years.

Mutual Funds/Closed End ETFs

1. MINDX - Matthews India Fund (Mutual Fund)
   
2. IIF - Morgan Stanley India Investment Fund (Closed End Fund)
3. IFN - India Fund (Closed End Fund)
4. EPI - WisdomTree India Earnings (Closed End Fund)

Stocks Traded as ADRs

1. SLT - Sterlite India (a very good play on mining)
   
2. IBN - ICICI Bank (one of the biggest banks in India growing at an enormous rate)
   
3. HDB - HDFC Bank (smaller in size compared to ICICI, but growing at the same rate)
   
4. INFY - Infosys (One of the largest IT sourcing companies)
   
5. TTM - Tata Motors (One of the largest commericial and passenger vehicles)
   
6. SAY - Satyam Computer Services (IT Sourcing company that is relatively smaller in size compared to Infosys, but growing rapidly)

Some of the other ADR's are: RDY, WIT, CTSH, MTE