Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Matthews India Fund Institutional Class (MIDNX)

Net Asset Value
1 Day
Overall Morningstar Rating
India equity
Style or Category
No Load
Sales Expenses
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks long-term capital appreciation. Under normal market conditions- 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 will deemed to be an Asian (or specific country) security or instrument- if it has substantial ties to that country or region. The fund is non-diversified.


1 month+2.66% 3 years+9.96%
3 months+3.76% 5 years+15.23%
1 year+29.11% Since inception+7.45%
Data through --

Peer Comparisonvs. India equity

Performance 5-yr return+15.23%+9.44%
Expense ratio0.91%1.74%
Risk 5 year sharpe ratio0.840.60
Net assets$2.3B$599.4M
Average market cap$6.8B$14.9B
Average P/E27.624.5
Portfolio turnover16%16%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyMatthews Asia Funds
Fund manager & tenureSharat Shroff / 11 Years
Minimal initial investment$100,000.00
Minimum IRA investment--


International stock90.30%
U.S. stock7.36%
Fixed income0.00%
Top 5 Sectors
Portfolio weighting
Financial service 26.86%
Industrial materials 20.76%
Consumer goods 16.18%
Healthcare 7.07%
Utilities 5.50%
Top 10 Holdings
Portfolio weighting
-- 5.80%
-- 5.55%
-- 5.48%
-- 5.43%
-- 4.69%
-- 4.31%
CTSH Cognizant Technology Solutions Corp4.11%
TARO Taro Pharmaceutical Industries Ltd3.25%
-- 2.99%
-- 2.98%