India Fund Inc Price, Forecast, Insider, Ratings, Fundamentals & Signals

Philadelphia, pa / accesswire / april 8, 2024 / the board of directors (the "board") of the india fund, inc. (nyse:ifn) (the "fund"), a closed-end fund, has approved the terms of the issuance of transferable rights ("rights") to the holders of the fund's common stock (the "common stockholders") of beneficial interest ("common stock") as of the record date, entitling the holders of those rights to subscribe for common stock (the "offer"). the board, based on the recommendations and presentations of abrdn asia limited, the fund's investment manager (the "manager"), and others, has determined that it is in the best interests of the fund and the common stockholders to conduct the offer and seek to increase the assets of the fund available for investment to take advantage of existing and future investment opportunities that are or may become available.

This release provides an update to the performance tables regarding the iaf estimated amounts of current distribution per share and estimated amounts of fiscal year to date cumulative distributions per share philadelphia, pa / accesswire / february 13, 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),(nyse american:thw),(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 february 29, 2024 to all shareholders of record as of february 22, 2024 (ex-dividend date february 21, 2024)...

Philadelphia, pa / accesswire / november 9, 2023 / the following abrdn u.s. closed-end funds announced today that the closed end funds in the chart directly below will pay the distributions indicated on a per share basis on november 30, 2023 to all shareholders of record as of november 22, 2023 (ex-dividend date november 21, 2023). these dates apply to the funds listed below with the exception of abrdn healthcare investors (hqh), 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 january 10, 2024, to all shareholders of record as of november 22, 2023 (ex-dividend date november 21, 2023).

Philadelphia, pa / accesswire / september 29, 2023 / the abrdn u.s. closed-end funds (the "funds" or individually the "fund"), today announced that the funds paid the distributions noted in the table below on september 29, 2023, on a per share basis to all shareholders of record as of september 22, 2023 (ex-dividend date september 21, 2023). these dates apply to the funds listed below with the exception of the abrdn australia equity fund, inc. (iaf), the india fund, inc. (ifn) and the abrdn japan equity fund, inc. (jeq) which paid the distribution on september 29, 2023, to all shareholders of record as of august 24, 2023 (ex-dividend date august 23, 2023).

Please note that no performance numbers or rates have changed from the august 9th press release. this update is simply to include some additional language around the funds that default to paying in stock, unless otherwise elected.

IFN: Avoid The 'Froth', But Buy The Dip

2023 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions amounting to over 14% yield-on-cost basis and roughly 8.6% on average portfolio value. We will provide updates on trades during the year, dividends collected, and overall performance. As usual, we will compare the performance with a traditional 60:40 stock/bond portfolio.

Investing in the Indian growth story remains as attractive as ever. Unlike most other listed alternatives, the abrdn-managed India Fund offers a unique mix of capital growth and distributions. Alongside the many other boxes it checks, the India Fund is well worth its premium.

The India Fund is a closed-end fund focused on listed Indian equities with a long-established history and AUMs above $500 million. The fund has seen a solid performance this year, but investors should be prepared for inconsistency in future distributions. Indian equities may be overbought and vulnerable to unexpected negative news, making it an opportune time to lighten exposure to the fund.

Periods of global instability create intriguing possibilities in emerging markets. Here are a few.

The quality-focused abrdn India Fund portfolio has consistently outperformed through the cycles. Like Indian equities, IFN trades at a premium to the emerging market universe but also offers higher growth and best-in-class ROEs.

India is set to overtake China in population as more appealing economic conditions are conducive to capitalism and growth. I see an upside ahead in IFN on a total return basis, and a price breakout could be in store later this year.

India stocks are lower in 2023 as turmoil continues with the Adani Group. The India Fund features a 10% yield and has easily beaten major country index funds.

Presenting our 2022 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions (including year-end special distributions) amounting to over 14% yield-on-cost basis.

The India stock market is sharply outperforming the S&P 500 lately. One small closed-end fund, IFN, pays a more than 10% distribution rate but has not proved itself to be a consistent winner over the past five years.