The India Fund, Inc. Announces Performance Data And Portfolio Composition

18 Nov, 2015, 16:01 ET from The India Fund, Inc.

PHILADELPHIA, Nov. 18, 2015 /PRNewswire/ -- The India Fund, Inc. (the "Fund") (NYSE: IFN), a closed-end equity fund, announced today its performance data and portfolio composition as of October 31, 2015. 

The Fund's total returns for various periods through October 31, 2015 are provided below.  (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):    

Cumulative as of 10/31/15

Annualized as of 10/31/15

1 Month

3 Month

YTD

1 Year

3 Years

5 Years

10 Years

Since Inception

NAV

1.9

-6.2

-1.0

-1.3

11.0

0.5

10.5

9.3

Market Price

1.3

-10.2

-2.8

-3.9

11.0

-0.9

7.8

8.3

MSCI India

1.6

-6.9

-3.8

-8.1

6.2

-1.8

9.5

6.6¹

¹ For the MSCI benchmark, the returns provided for since inception are based on month-end level valuations as of February 28, 1994.  

On October 31, 2015, the Fund's net assets amounted to US$822.1 million and the Fund's NAV per share was US$27.93.

As of October 31, 2015, the portfolio was invested as follows:

 

Portfolio Composition

Percent of  Net Assets

Financials

22.0

Information Technology

17.4

Consumer Staples

17.3

Materials

15.5

Health Care

10.3

Consumer Discretionary

8.5

Industrials

4.8

Telecommunications

2.1

Utilities

0.8

Cash

1.3

 

The Fund's ten largest equity holdings as of October 31, 2015, representing 58.6% of net assets, were:

 

Stock

Percent of

Net Assets

Housing Development Finance Corporation

10.0

Infosys

7.6

Tata Consultancy Services

7.6

ICICI Bank

6.1

ITC

5.2

UltraTech Cement

5.0

Bosch Ltd.

4.6

Hindustan Unilever

4.4

Godrej Consumer Products

4.4

Ambuja Cements

3.9

Important Information  Aberdeen Asset Management Inc. has prepared this report based on information sources believed to be accurate and reliable.  However, the figures are unaudited and neither the Fund, Aberdeen Asset Management Asia Limited (the Investment Manager), nor any other person guarantees their accuracy.  Investors should seek their own professional advice and should consider the investment objectives, risks, charges and expenses before acting on this information. Aberdeen is a U.S. registered service mark of Aberdeen Asset Management PLC.

Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the Fund. There is no assurance that the Fund will achieve its investment objective.

Total return figures with distributions reinvested at the dividend reinvestment price are stated net-of-fees and represents past performance.  Past performance is not indicative of future results, current performance may be higher or lower.  Holdings are subject to change and are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities shown.  Inception date February 23, 1994.

If you wish to receive this information electronically, please contact: InvestorRelations@aberdeen-asset.com

Logo - http://photos.prnewswire.com/prnh/20121106/NE07292LOGO

SOURCE The India Fund, Inc.



RELATED LINKS

http://www.aberdeenifn.com