IFN
India FundIFN
IFN
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 a 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 the United States.
0
Funds holding %
of 7,398 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
71% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 14
3% more funds holding
Funds holding: 89 [Q3] → 92 (+3) [Q4]
5% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 22
0.8% less ownership
Funds ownership: 16.35% [Q3] → 15.54% (-0.8%) [Q4]
21% less capital invested
Capital invested by funds: $116M [Q3] → $92M (-$23.9M) [Q4]
100% less funds holding in top 10
Funds holding in top 10: 1 [Q3] → 0 (-1) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for IFN.
Financial journalist opinion
Negative
Seeking Alpha
1 month ago
Continue To Prefer IIF Vs. IFN As Challenging Conditions For Indian Stocks Remain
Investing in Indian stocks via closed end funds like IFN and IIF offers high yields but comes with valuation risks and potential market corrections. IIF has outperformed IFN over various time periods, benefiting from its smaller size and more nimble management, despite trading at a larger discount to NAV. Indian stock market valuations remain high, with local investor enthusiasm potentially waning due to less attractive earnings yields compared to local bonds.
Positive
Seeking Alpha
3 months ago
5 Best CEFs This Month For 9% Yield (December 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 drawdowns 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.
Neutral
Seeking Alpha
3 months ago
IFN: Selling May Abate, But Don't Get Too Complacent
After three successive years of outperforming global stocks, The India Fund (IFN) is on course to reverse that narrative. Relative to the rest of the globe, India's growth prospects still look alluring, but relative to its own lofty standards, questions may be asked. The INR keeps dropping to record lows every other week, and this may dampen enthusiasm from foreign institutions.
Positive
Seeking Alpha
4 months ago
5 Best CEFs This Month For 8.5% Yield (November 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 drawdowns 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.
Positive
Seeking Alpha
5 months ago
5 Best CEFs This Month For 9.5% Yield (October 2024)
For income investors, closed-end funds, or CEFs, remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. 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.
Positive
Seeking Alpha
5 months ago
India Fund: This 10% Yielder Is Still Worth A Look
The abrdn-managed India Fund has undergone some changes. But remains a fund well-equipped to navigate turbulence. Patient investors get paid very well to sit and wait.
Positive
Seeking Alpha
6 months ago
5 Best CEFs This Month For 9% Plus Yield (September 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 drawdowns 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.
Positive
Seeking Alpha
7 months ago
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.
Neutral
Accesswire
7 months ago
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).
Positive
Seeking Alpha
7 months ago
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.
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