India Fund (IFN)

1.5B market cap

Recent share price: $47.00


The India Fund was founded in 1993 and is headquarted in New York.


What they do (From Yahoo! Finance):

India Fund, Inc. operates as a nondiversified closed-end management investment company. It primarily invests in Indian equity securities. The fund's portfolio comprises investments in cement; chemicals; computer hardware, software and programming, and training; consulting services; consumer nondurables; diversified industries; electricity; electronics and electrical equipment; engineering; extractive industries; fertilizers; finance; food; hotels and leisure; household appliances; media; petroleum; pharmaceuticals; retail stores; steel; telecommunications and equipment; textiles; transportation; vehicles and components; construction/building materials; and shipping sectors. Advantage Advisers, Inc. serves as the investment adviser of the fund.


31 Million in cash, No debt.

Dividend: $4.46 (9.10%)


Top Ten Holdings (As of Dec. 31, 2005):

Top Ten Equity Holdings % of Net Assets
----------------------- ---------------
Infosys Technologies 9.1%
Reliance Industries 7.7%
Oil and Natural Gas Corp 6.3%
Bharti Tele-Ventures Ltd 4.7%
Bharat Heavy Electricals 4.5%
Housing Development 4.2%
ITC Limited 3.4%
State Bank of India 3.2%
Tata Motors Ltd. 3.1%
Hindustan Lever Ltd. 2.6%

Top Ten Sector Allocations % of Net Assets
-------------------------- ---------------
Finance 15.6%
Computer Software & Programming 14.3%
Diversified Industries 9.2%
Electronics & Electrical Equipment 8.4%
Vehicles 7.4%
Extractive Industries 6.7%
Engineering 6.0%
Consumer Non-Durables 6.0%
Telecommunications 5.0%
Steel 3.2%


The Bill and Melinda Gates Foundation owns 600,100 shares of IFN, valued at more than $23M.


Latest Earnings Report (Jan. 23, 2006):

http://boards.fool.com/Message.asp?mid=23653644


India Fund Dividend Announcement:

http://biz.yahoo.com/bw/051219/20051219005875.html?.v=1


Fool.com India Fund Discussion Board:

http://boards.fool.com/Messages.asp?bid=117647


IFN is mentioned in this Fool.com article:

http://www.fool.com/news/commentary/2004/commentary040402mh.htm