India Fund (IFN)1.5B market capRecent share price: $47.00The 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=23653644India Fund Dividend Announcement:http://biz.yahoo.com/bw/051219/20051219005875.html?.v=1Fool.com India Fund Discussion Board:http://boards.fool.com/Messages.asp?bid=117647IFN is mentioned in this Fool.com article:http://www.fool.com/news/commentary/2004/commentary040402mh.htm
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