IFN

India Fund
IFN

$18.99

0.16%

Market Cap: $720M

About: India Fund Inc is an asset management company. The fund's investment objective is long-term capital appreciation, which it seeks to achieve by investing primarily in the equity securities of Indian companies. The company's portfolio is non-diversified closed-end management investment company across various sectors such as financials, consumer staples, information technology, materials, healthcare, consumer discretionary, industrials, telecommunication services, utilities and others. Geographically, all the business activity functions through the market of United States.

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

130% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 10

100% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 13

20% more funds holding

Funds holding: 64 [Q1] → 77 (+13) [Q2]

2.33% less ownership

Funds ownership: 18.72% [Q1] → 16.4% (-2.33%) [Q2]

13% less capital invested

Capital invested by funds: $105M [Q1] → $91M (-$13.7M) [Q2]

See Fund Rankings

Research analyst outlook

We haven’t received any recent analyst ratings for IFN.

See Analyst Rankings

Financial journalist opinion

India Fund: A Most Interesting Large-Cap India Play

Don't be fooled by the India Fund's headline underperformance. The case to own IFN long-term is as compelling as it's ever been. In the meantime, investors get paid very well to sit and wait.

India Fund: A Most Interesting Large-Cap India Play

abrdn U.S. Closed-End Funds Announce Distribution Payment Details

PHILADELPHIA, PA / ACCESSWIRE / August 9, 2024 / The following abrdn U.S. Closed-End Funds (NYSE:ACP)(NYSE:ASGI)(NYSE:AWP)(NYSE:HQH)(NYSE:HQL)(NYSE:IFN)(NYSE:JEQ)(NYSE:THQ)(NYSE:THW)(NYSE American:FAX)(NYSE American:FCO)(NYSE American:IAF)(NYSE American:VFL), announced today that the closed end funds in the chart directly below will pay the distributions indicated on a per share basis on August 30, 2024 to all shareholders of record as of August 23, 2024 (ex-dividend date August 23, 2024). These dates apply to the Funds listed below with the exception of the abrdn Healthcare Investors (HQH), the abrdn Life Sciences Investors (HQL), the abrdn Australia Equity Fund, Inc. (IAF), the India Fund, Inc. (IFN) and the abrdn Japan Equity Fund, Inc. (JEQ) which will pay on September 30, 2024, to all shareholders of record as of August 23, 2024 (ex-dividend date August 23, 2024).

abrdn U.S. Closed-End Funds Announce Distribution Payment Details

IFN: India Looks Promising, But This May Not Be The Most Ideal CEF

India's ongoing ascendance in the global landscape is supported by a stable political regime, a prudent central bank, a fast-growing economy, and a young and aspirational middle-class. Whilst there are a plethora of ETFs offering pure-play exposure to Indian equities, IFN is only one out of two CEFs that focuses on India. We gauged the relative structures, the distributions, sector exposure, risk-adjusted return track records, discount to NAVs, valuations, and long-term earnings, and feel that IFN comes up short.

IFN: India Looks Promising, But This May Not Be The Most Ideal CEF

5 Best CEFs This Month For Nearly 9% Yield (July 2024)

For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper draw-downs than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer “excess” discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For Nearly 9% Yield (July 2024)

The India Fund Inc. Announces Payment of Distribution

PHILADELPHIA, PA / ACCESSWIRE / July 5, 2024 / The India Fund, Inc. ("IFN") (the "Fund"), today announced that the Fund paid the distribution noted in the table below on July 5, 2024, on a per share basis to all shareholders of record as of May 30, 2024 (ex-dividend date May 30, 2024). Ticker Exchange Fund Amount IFN NYSE The India Fund, Inc. $0.4500 The Fund has adopted a distribution policy to provide investors with a stable distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital.

The India Fund Inc. Announces Payment of Distribution

CEF Report | May 2024 | Activism Is Heating Up

Taxable bond CEF space value shrinking as discounts tighten. Opportunities exist, especially following activists. Focus on top-down assessment, cheap sectors, and specific funds like Cohen & Steers Select Preferred and Income.

CEF Report | May 2024 | Activism Is Heating Up

IFN: Rights Offering Results

IFN completes its rights offering. A sell and rebuy strategy would have worked once again. IFN is a decent choice for those looking for Indian stock market exposure.

IFN: Rights Offering Results

5 Best CEFs This Month For A 10% Yield (May 2024)

For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper draw-downs than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For A 10% Yield (May 2024)

abrdn U.S. Closed-End Funds Announce Results of Annual Meeting of Shareholders

PHILADELPHIA, PA / ACCESSWIRE / May 16, 2024 / The following abrdn U.S. Closed-End Funds (NYSE:ACP),(NYSE:AGD),(NYSE:AOD),(NYSE:ASGI),(NYSE:AWP),(NYSE:IFN),(NYSE:JEQ) and (NYSE American:FAX),(NYSE American:FCO),(NYSE American:IAF) and (NYSE American:AEF) announced they each held their Annual Meeting of Shareholders (the "Meetings") on May 16, 2024. At the Meetings, shareholders of the respective Funds voted on the proposals set forth below: abrdn Asia-Pacific Income Fund, Inc. ("FAX") As of the record date, April 1, 2024, FAX had outstanding 247,695,769 shares of common stock.

abrdn U.S. Closed-End Funds Announce Results of Annual Meeting of Shareholders

The India Fund, Inc. Announces Final Results of Its Rights Offering

PHILADELPHIA, PA / ACCESSWIRE / May 15, 2024 / The India Fund, Inc. (NYSE:IFN) (the "Fund"), a closed-end fund, announced today the successful completion of its transferable rights ("Rights") offering (the "Offer"). The Offer commenced on April 19, 2024, and expired on May 14, 2024 (the "Expiration Date").

The India Fund, Inc. Announces Final Results of Its Rights Offering

See News Rankings