MSGF : a checkered saga? / Sobhesh Kumar Agarwalla, Samir Barua.

Format:

Book

Author/Creator:

Agarwalla, Sobhesh Kumar, author.

Barua, S. K. (Samir K.), author.

Series:

SAGE Knowledge. Cases.

SAGE Knowledge. Cases

Language:

English

Subjects (All):

Morgan Stanley (Firm).

Morgan Stanley Asset Management Company.

Deregulation--India.

Deregulation.

India--Economic policy.

India.

Economic policy.

India--Economic conditions.

Economic conditions.

Financial services industry.

Physical Description:

1 online resource.

Place of Publication:

London : SAGE Publications Ltd, 2017.

System Details:

text file

Summary:

The liberalization of the Indian economy that began in earnest in the middle of 1991 was baptized by the securities scam of 1992. The scam sent the Indian capital markets into a tail spin and created a major road block to the process of unshackling the Indian economy. Despite the naysayers however, the government went ahead with the opening up of the financial sector and permitted Foreign Institutional Investors (FIIs) to invest in the Indian capital markets. FIIs were also permitted to set up business in India and offer their services to Indian customers. By late 1993, Morgan Stanley had decided to enter India. It set up the Morgan Stanley Asset Management Company and launched its maiden mutual fund scheme, the Morgan Stanley Growth Fund (MSGF), inviting Indian investors to subscribe to the units of the fund. Investors were over-awed by the opportunity to benefit from the expertise of an internationally renowned firm with assets of over US $ 90 billion under management spread across the world.

Notes:

Originally published: Agarwalla, S. K., & Barua, S. (2014). MSGF a checkered legacy?. F&A0515. Ahmedabad: Indian Institute of Management, Ahmedabad.

No ILL or scholarly sharing allowed.

Description based on XML content.

ISBN:

9781473991095

OCLC:

1017728008

Access Restriction:

Restricted for use by site license.