India's historic stock market rally shows no signs of slowing down and there is still time for investors to jump in, according to Morgan Stanley.
Therefore, this is set to be India's longest and best bull market ever," the note said.
Directly buying India stocks can be difficult for U.S.-based investors, but several exchange-traded funds are doing a solid job of capturing the market rally.
The biggest U.S. ETF tracking India, the iShares MSCI India ETF (INDA) , is up more than 7% year to date and more than 27% over the past 12 months.
The Franklin FTSE India ETF (FLIN) is also up more than 7% in 2024, but 31% over the past year.
Persons:
Morgan Stanley, Ridham Desai, Desai
Organizations:
U.S, Reliance Industries, Icici Bank, Infosys, Franklin FTSE, EPI
Locations:
India, Franklin FTSE India, FLIN