NYSE · Asset Management · USD

Morgan Stanley India Investment Fund, Inc. (IIF) Stock Analysis

Morgan Stanley India Investment Fund, Inc. (IIF) is a Asset Management stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

IIF

$21.53

−$0.45 (−2.05%)

Oct 21, 2026 · Market close

Compare

Price History

Hover for the daily close. The dotted line marks the period open.

Compare IIF with… →

IIF Key Statistics

As of Oct 21, 2026

Trading

Open: $21.75
Previous Close: $21.98
Day's Range: 21.50–21.88
52-Week Range: 19.83–27.99
Volume: 19.70K
Beta: 0.62

Valuation

Market Cap: $202.09M
P/E Ratio: unprofitable
P/S ratio: 138.52
EPS (ttm): −3.59

Financials (FY)

Revenue (FY): −$5.41M−108.58%
Net Income (FY): −$6.12M−109.80%
Shares Outstanding: 9.39M
1-Year Return: −14.93%

Dividend and dates

Dividend: $1.99+9.03%
Ex-Dividend Date: December 19, 2025
Avg Volume: 26.89K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, IIF closed at $21.53, −14.93% over 1 year.

Morgan Stanley India Investment Fund, Inc. (IIF) has a market capitalization of $202.09M.

In fiscal 2025, IIF reported revenue of −$5.41M.

IIF Stock Return by Calendar Year

Morgan Stanley India Investment Fund, Inc. (IIF) 10-year return: what $10,000 became

1 year: $10,000 $8,507; −14.93%
5 years: $10,000 $13,080; +30.80%
10 years: $10,000 $19,522; +95.22%

If you had invested $10,000 in Morgan Stanley India Investment Fund, Inc. (IIF) 10 years ago, at the close on October 21, 2016, it would have been worth $19,522 at the close on October 21, 2026: +95.22% in total, +6.92% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

+49.88%−21.25%−13.81%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	−13.81%
2025	+6.71%
2024	+29.65%
2023	+21.43%
2022	−9.55%
2021	+30.87%
2020	+6.66%
2019	−0.66%
2018	−21.25%
2017	+49.88%
2016 (partial year)	−8.35%

As of October 21, 2026.

IIF Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	−$5.41M	−$6.12M	113.1%
2024	$63.07M	$62.43M	99.0%
2023	$49.89M	$49.29M	98.8%
2022	−$35.56M	−$36.25M	101.9%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	−$5.41M	—	—	−$6.12M	113.1%
2024	$63.07M	—	—	$62.43M	99.0%
2023	$49.89M	—	—	$49.29M	98.8%
2022	−$35.56M	—	—	−$36.25M	101.9%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

IIF Dividend History

’16’17’18’19’20’21’22’23’24’25

$1.99−26.4% vs 2024

Dividends per share, 2025 · 1 payments

Year	Dividends per share	Payments	Change
2025	$1.99	1	−26.4%
2024	$2.70	1	−14.0%
2023	$3.14	1	−21.3%
2022	$3.98	1	+297.9%

Year	Dividends per share	Payments	Change
2025	$1.99	1	−26.4%
2024	$2.70	1	−14.0%
2023	$3.14	1	−21.3%
2022	$3.98	1	+297.9%
2021	$1.00	1	+24,925.0%
2020	$0.00	1	−85.7%
2019	$0.03	1	−99.5%
2018	$6.10	2	+20.8%
2017	$5.05	2	+627.2%
2016	$0.69	1	—

Most recent payment: $1.99 per share, ex-dividend December 19, 2025. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

IIF Valuation vs Asset Management Median

Median of 512 stocks

Metric	IIF	Asset Management median	vs median
P/S ratio	138.52	8.59	16.1x the median

Medians across 512 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

Morgan Stanley India Investment Fund, Inc. (IIF) is capitalised at $202.09M on the latest close. It is classified in the Asset Management industry, within the Financial Services sector.

Over the past 52 weeks the price has ranged from $19.83 to $27.99. The most recent close on file for IIF is $21.53, dated October 21, 2026. That is −$0.45 (−2.05%) against the previous close. The latest close sits 8.57% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of −$5.41M. Against the prior fiscal year total of $63.07M, that is a change of −108.58%. The same year closed with a net loss of $6.12M. Trailing earnings per share are −3.59.

Across the 4 fiscal years on file, revenue moves from −$35.56M in 2022 to −$5.41M in 2025. Of those 4 years, 2 report positive net income.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. Measured against sales, the shares trade at 138.52 times revenue. On price-to-sales that is 16.1 times the Asset Management median of 8.59. 512 Asset Management companies report these metrics, and the medians quoted come from that group.

Beta against the wider market is reported at 0.62. Annualized volatility over the trailing 10 years is 19.76%. Over the trailing twelve months the total return is −14.93%. Across 10 years the annualized return works out at +6.92%.

Growth & Income

The trailing dividend yield is 9.03%. That is 0.1 percentage points above the Asset Management median yield of 8.91%. At the indicated rate that is $1.99 a share a year. The ex-dividend date on file is December 19, 2025. Dividends are recorded for 10 calendar years; 2025 shows 1 payments totalling $1.99 a share. The year before, 2024, totalled $2.70 a share.

The strongest complete calendar year on file is 2017 at +49.88%; the weakest is 2018 at −21.25%. Of the 9 complete calendar years on file, 6 finished higher. So far in 2026 the total return is −13.81%.

Peer Comparison

Morgan Stanley India Investment Fund, Inc. (IIF) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Morgan Stanley India Investment Fund, Inc.	IIF	$202.09M	—
BlackRock, Inc.	BLK	$184.31B	25.8
Blackstone Inc.	BX	$127.43B	23.9
Brookfield Corporation	BN	$83.74B	69.5

The Asset Management industry average P/E ratio is 9.4x. Morgan Stanley India Investment Fund, Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

Related Asset Management Stocks

BLK

BlackRock, Inc.

$184.31B

Blackstone Inc.

$127.43B

Brookfield Corporation

$83.74B

KKR

KKR & Co. Inc.

$83.00B

BAM

Brookfield Asset Management Ltd.

$73.36B

APO

Apollo Global Management, Inc.

$65.96B

View all Asset Management stocks →

Popular Financial Services Stocks

BRK-B

Berkshire Hathaway Inc.

$1.11T

JPM

JPMorgan Chase & Co.

$890.13B

Visa Inc.

$765.68B

Mastercard Incorporated

$545.42B

BAC

Bank of America Corporation

$358.24B

View all Financial Services stocks →

About Morgan Stanley India Investment Fund, Inc.

Morgan Stanley India Investment Fund, Inc. is a closed ended equity mutual fund launched and managed by Morgan Stanley Investment Management Inc. The fund is co-managed by Morgan Stanley Investment Management Company. It invests in the public equity markets of India. The fund invests in stocks of companies operating across diversified sectors. It benchmarks the performance of its portfolio against the U.S. dollar adjusted BSE National Index. Morgan Stanley India Investment Fund, Inc. was formed on December 22, 1993 and is domiciled in the United States.

Visit website →