Dalton launched its first dedicated Indian fund (the Dalton India Fund) in July 2014, following the arrival of Portfolio Manager Venkat Pasupuleti at the firm. With the fund now more than ten years old, the team put together a two-part analysis on how the investment case for India has evolved over the last decade and how attractive the return potential is for the second decade of the fund’s life. Part II considers the potential macro risks to our thesis, as well as the starting valuations for an investment in India. Read more here.
