(A Top Pick Jan 19/15. Down 18.63%.) Recently added to his holdings. This fund trades at a discount to the NAV. Over the longer term he expects India will post above average global growth. His forecast is 2.5%, but thinks it will grow a lot faster than that.
This is a closed end fund. Trades at almost a 10% discount to NAV. The Indian stock market is down around 15% from its highs. They have consistently been above the benchmark in terms of returns. India is a country that is going to grow the fastest globally next year with about a 7% growth. The only issue is that it is running a deficit of about 6%-7% of GDP. They are going to introduce a VAT tax of around 15%, which will help to restore their debt ratios. Dividend yield of 0.92%.
For a while India was struggling, but following the election, the stocks took off. They recently announced the lowering of the rates from 8% to 7.75%. The new prime minister really seems to be pro-business, pro-infrastructure and anticorruption. Growth forecasts are approaching China’s levels. There are also the demographics with their young middle class and growing 15% per year over the next 2 years. Trading at a bit of a discount to NAV.
India Fund Inc. is a American stock, trading under the symbol IFN-N on the New York Stock Exchange (IFN). It is usually referred to as NYSE:IFN or IFN-N
In the last year, there was no coverage of India Fund Inc. published on Stockchase.
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0 stock analysts on Stockchase covered India Fund Inc. In the last year. It is a trending stock that is worth watching.
On 2024-12-06, India Fund Inc. (IFN-N) stock closed at a price of $17.5.
(A Top Pick July 13/15. Down 0.63%.) Bought this when India have been down 30%-40% and people were very, very negative about it. This was a closed end fund run by Aberdeen Management in Scotland, a very reputable organization. They consistently beat their benchmarks. Thinks India is going to be the fastest growing economy globally. He is a little concerned recently about the slowness and the pace that the Mohdi government has been introducing, and because he needed funds, he exited his position.