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MORGAN STANLEY, Mkt Price 58, Target 72

Symbol: MORGANSTAN, Year High: 58, Year Low: 40



www.msgfindia.com



Morgan Stanley Growth Fund (MSGF) is

Name of the security % of managed by Morgan Stanley Investment

Net Management Private Limited (MSIM India),

As on 12-oct-2007 Assets which is an asset management company

1. A B B 7.74% to Morgan Stanley Mutual Fund (MSMF)

2. Bharti Airtel 6.95% and a subsidiary of Morgan Stanley. MSGF

was launched in India in January 1994 and

3. H D F C Bank ** 6.87%

is one of the largest private sector

4. Bharat Heavy Electricals 6.14% schemes investing in equities. MSGF is

5. Infosys Tech Ltd ** 5.13% listed on major stock exchanges in India.

6. Aban Offshore 4.36% The current NAV today is Rs. 64.07 as of

7. Axis Bank 3.57% October 12, 2007 whereas its traded at

58.00 rs in the stock market and with stock

8. Reliance Industries 2.86%

market moving up almost 600 points its

9. Maruti 2.85% still not moved and its also easier to buy

10. Zee Entertainment 2.83% and sell the stock. Its almost as good as

buying-selling nifty futures and when

11. Glenmark Pharma 2.65% market falls this cushion helps the stock

12. Praj Industries 2.46% not to fall big. The Company announced 2

13.NTPC 2.30 %

Rs dividend last year in Oct 2006 and

hence similar dividend is expected to be

14. Pantaloon Retail 2.27% announced this year also.

15. S A I L 2.16%



16. Deccan Chronicles 2.04%



17. H C L Technologies 1.89%



18. Nestle India 1.80%



19. Jyoti Structures 1.68%



20. Welspun Gujarat 1.50%



21. Geodesic Infosystems 1.49%



22. Reliance Communication 1.46%



23. Marico 1.43%



24. Phoenix Mills 1.37%



25. Wipro 1.32%

Total Net Assets (Rs. Crores) 3655



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