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Saba Capital reports 9.04% stake in Morgan Stanley India Fund (NYSE: IIF)

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Saba Capital Management, L.P., Saba Capital Management GP, LLC and Boaz R. Weinstein jointly report beneficial ownership of 853,694 common shares of Morgan Stanley India Investment Fund, Inc., representing 9.04% of the fund’s outstanding shares. This percentage is based on 9,443,167 shares outstanding as of December 31, 2025. Approximately $22,209,345 has been paid to acquire these shares, funded by investor subscription proceeds, capital appreciation and ordinary-course margin account borrowings secured by other portfolio holdings. Transactions in the shares between March 24, 2026 and July 28, 2026 are detailed in Schedule A and were all executed in the open market. The purpose-of-transaction section is marked not applicable.

Positive

  • None.

Negative

  • None.

Filing Explained

This Schedule 13D/A records that Saba Capital Management, Saba GP and Boaz R. Weinstein share voting and disposal power over 853,694 common shares, or 9.04% of the class; the disclosed holder rights are shared rather than held solely by any one reporting person.

Beneficial ownership 853,694 shares Common shares of Morgan Stanley India Investment Fund held by the reporting persons
Ownership percentage 9.04 % Portion of IIF common shares outstanding beneficially owned by the reporting persons
Shares outstanding baseline 9,443,167 shares IIF common shares outstanding as of 12/31/25 used to calculate the reported ownership percentage
Total consideration paid $22,209,345 Approximate amount paid to acquire the reported IIF common shares
Amendment number Amendment No. 8 Indicates this disclosure is the eighth amendment to a Schedule 13D
Event date 07/28/2026 Date of the event requiring the Schedule 13D amendment
beneficial owner regulatory
"should not be construed as an admission that any Reporting Person is ... the beneficial owner of the Common Shares"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
margin account borrowings financial
"Funds for the purchase ... and margin account borrowings made in the ordinary course of business"
dispositive power regulatory
"sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
open market market
"The transactions in the Common Shares ... All trades were effected in the open market."
An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.
Schedule A regulatory
"transactions in the Common Shares ... are set forth in Schedule A, and are incorporated herein by reference"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

How many IIF shares does Saba Capital report owning?

Saba Capital and affiliated reporting persons disclose ownership of 853,694 common shares of Morgan Stanley India Investment Fund, Inc. This position represents 9.04% of the fund, calculated against 9,443,167 shares outstanding as of December 31, 2025, per the issuer’s N-CSR.

What percentage of Morgan Stanley India Investment Fund (IIF) is owned by Saba Capital?

The reporting group states beneficial ownership of 9.04% of IIF’s common shares. This percentage is derived using a baseline of 9,443,167 shares outstanding as of December 31, 2025, as disclosed in the fund’s N-CSR filed March 2, 2026.

How much capital has been invested by Saba Capital in IIF shares?

The disclosure notes that a total of approximately $22,209,345 was paid to acquire the reported IIF common shares. Funds came from investor subscription proceeds, capital appreciation on those investments, and margin account borrowings incurred in the ordinary course of business.

What are the sources of funds used by Saba Capital to buy IIF shares?

Purchases of IIF common shares were financed through subscription proceeds from investors, capital appreciation on those investments, and margin account borrowings. Positions in the margin accounts serve as collateral for any debit balances that may exist from time to time in those accounts.

Over what period were recent IIF share transactions by Saba Capital made, and how?

The reporting persons state that transactions in IIF common shares from March 24, 2026 through July 28, 2026 are listed in Schedule A. All of these trades were effected in the open market, according to the disclosure’s interest-in-securities section.





61745C105

(CUSIP Number)
Saba Capital Management, L.P.
405 Lexington Avenue, 58th Floor, Attention: Michael D'Angelo
New York, NY, 10174
(212) 542-4635

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
07/28/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
The percentages used herein are calculated based upon 9,443,167 shares of common stock outstanding as of 12/31/25, as disclosed in the company's N-CSR filed 3/2/26.


SCHEDULE 13D




Comment for Type of Reporting Person:
The percentages used herein are calculated based upon 9,443,167 shares of common stock outstanding as of 12/31/25, as disclosed in the company's N-CSR filed 3/2/26.


SCHEDULE 13D




Comment for Type of Reporting Person:
The percentages used herein are calculated based upon 9,443,167 shares of common stock outstanding as of 12/31/25, as disclosed in the company's N-CSR filed 3/2/26.


SCHEDULE 13D


Saba Capital Management, L.P.
Signature:/s/ Michael D'Angelo
Name/Title:General Counsel
Date:07/30/2026
Boaz R. Weinstein
Signature:/s/ Michael D'Angelo
Name/Title:Authorized Signatory
Date:07/30/2026
Saba Capital Management GP, LLC
Signature:/s/ Michael D'Angelo
Name/Title:Attorney-in-fact*
Date:07/30/2026
Comments accompanying signature:
Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823