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Matthews India Instl (MIDNX)

28.66 +0.20 (+0.70%)
As of 8:05 AM EDT. Market Open.

Fund Summary

Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in publicly traded common stocks, preferred stocks and convertible securities of companies located in India. A company or other issuer is considered to be "located" in a country or a region, and a security or instrument is deemed to be an Asian (or specific country) security or instrument, if it has substantial ties to that country or region.

Matthews India Instl

San Francisco CA 94111
Suite 550

Fund Overview

Category India Equity
Fund Family Matthews Asia Funds
Net Assets 831.16M
YTD Return 4.79%
Yield 1.88%
Morningstar Rating
Inception Date Oct 31, 2005

Fund Operations

Last Dividend 0.54
Last Cap Gain 20.00
Holdings Turnover 50.98%
Average for Category --

Fees & Expenses

Expense MIDNX Category Average
Annual Report Expense Ratio (net) 1.15% 1.06%
Prospectus Net Expense Ratio 1.15% --
Prospectus Gross Expense Ratio 1.15% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 5.63%
Max Deferred Sales Load -- 1.00%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Swagato Ghosh is a Portfolio Manager at Matthews and co-manages the firm’s India Strategy. Prior to joining the firm in 2022, he was an investment analyst at Franklin Templeton India, where he was the lead cement, real estate and consumer discretionary analyst. From 2016 to 2018, he was an investment analyst at Goldman Sachs Asset Management researching the U.S. health care sector. From 2013 to 2015, Swagato was an equity research analyst at Jefferies India. He received his B.Tech in Mining Engineering from Indian Institute of Technology Kharagpur and his MBA from Indian Institute of Management Calcutta. Swagato is fluent in Hindi and Bengali. Swagato has been a Portfolio Manager for the Matthews India Fund and Matthews India Active ETF since 2023.

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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