The Morgan Stanley India Investment Fund, Inc. reported mixed 2025 results. For the year ended December 31, 2025
The Fund's NAV total return was (0.67%) while the market price total return was 7.05%. Net assets totaled $263,560,000 and NAV per share was $27.91; the NYSE closing price was $24.98, trading at a (10.50%) discount to NAV. The Fund paid total distributions of $1.99 per share and designated approximately $16,709,000 as long-term capital gains for federal tax purposes.
Portfolio positioning emphasized banks, hotels/restaurants & leisure, and consumer finance; the portfolio held short-term liquidity in a Morgan Stanley institutional liquidity fund representing 7.0% of investments. Management cited macro headwinds in 2025 including policy tightening, U.S. tariffs and a weaker rupee, and noted the Reserve Bank of India cut the repo rate by 0.25% in December 2025.
Saba Capital Management and affiliates have filed Amendment No. 6 to a Schedule 13D reporting a significant stake in Morgan Stanley India Investment Fund, Inc. The reporting group, including Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein, reports beneficial ownership of 873,236 common shares, equal to 9.16% of the fund’s outstanding common stock based on 9,534,799 shares outstanding as of 6/30/25.
The filing states that approximately $23,093,675 was paid to acquire these shares, using investor subscription proceeds, capital appreciation, and ordinary-course margin borrowings. All recent trades within 60 days before 2/25/26 were executed in the open market and are detailed in Schedule A. The purpose of the transaction is described as not applicable, and the funds advised by Saba Capital are entitled to dividends and sale proceeds from the shares.
Lazard Asset Management LLC has filed a Schedule 13G reporting a passive ownership stake in Morgan Stanley India Investment Fund Inc. Lazard reports beneficial ownership of 772,654 equity shares, representing 8.2% of the outstanding class as of 12/31/2025.
Lazard states it has sole power to vote and dispose of all 772,654 shares, with no shared voting or dispositive power. The filing certifies that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the fund.
City of London Investment Management Company Limited filed an amended Schedule 13G reporting its beneficial ownership in Morgan Stanley India Investment Fund, Inc. common stock. As of 12/31/2025, it beneficially owned 645,866 shares, representing 6.8% of the outstanding common stock.
The firm reports sole voting and sole dispositive power over all 645,866 shares, with no shared voting or dispositive power. The shares are held through various City of London private funds and segregated accounts that it advises. It certifies that the position is held in the ordinary course of business and not for the purpose of changing or influencing control of the fund.
Saba Capital Management, L.P., a major shareholder of Morgan Stanley India Investment Fund, Inc. (IIF), reported an open‑market sale of common stock. On January 15, 2026, it sold 7,490 shares of IIF common stock at a price of $24.36 per share.
After this transaction, Saba Capital beneficially owned 938,726 shares of IIF on an indirect basis. The filing notes that, as a result of this disposition, Saba Capital now owns less than 10% of IIF’s outstanding common shares, meaning it is no longer classified as a 10% owner insider.
Saba Capital Management, L.P., a 10% owner of Morgan Stanley India Investment Fund, Inc. (IIF), reported a sale of common stock. On 01/14/2026, Saba Capital sold 29,465 shares of IIF common stock at a price of $24.46 per share, coded as a sale ("S") in the insider report.
After this transaction, Saba Capital reported 946,216 IIF shares beneficially owned on an indirect basis. The filing is made by one reporting person and does not list any derivative securities transactions.
Saba Capital Management, L.P., a 10% owner of Morgan Stanley India Investment Fund, Inc. (IIF), reported an open-market sale of common stock on January 12, 2026. The firm sold 9,884 shares at a price of $24.60 per share, coded as a sale transaction. After this trade, Saba Capital Management, L.P. reported 975,681 shares of IIF common stock beneficially owned on an indirect basis.
Saba Capital Management, L.P., a 10% owner of Morgan Stanley India Investment Fund, Inc. (IIF), reported an open-market sale of the fund's common stock. On January 7, 2026, the firm sold 3,359 shares of common stock at a price of $25.05 per share, as shown in the Form 4 filing.
After this transaction, Saba Capital Management, L.P. reported beneficial ownership of 985,565 shares of IIF common stock held on an indirect basis. The filing lists the transaction under code "S," indicating a sale, and classifies the position as indirectly owned, with no further nature of ownership detail provided in the excerpt.
Morgan Stanley India Investment Fund, Inc. insider Saba Capital Management, L.P. reported a sale of fund shares. On 12/30/2025, the reporting person sold 18,932 shares of common stock at a price of $24.92 per share, according to a Form 4 filing under Section 16 rules.
After this transaction, the reporting person reported beneficial ownership of 988,924 shares, held indirectly. The filing indicates it was submitted by a single reporting person and includes standard Section 16 certifications and warnings about the accuracy of the information provided.
Morgan Stanley India Investment Fund, Inc. director trade reported: A reporting person serving as a director of the fund disclosed a sale of common stock. On 12/26/2025, the director sold 9,096 shares of common stock at a price of $25.17 per share, coded as a sale transaction.
After this transaction, the director reported beneficial ownership of 1,007,856 shares held indirectly. The filing was submitted as a Form filed by one reporting person and reflects a change in the director’s indirect stake rather than a change in the company’s total shares outstanding.