The India Fund, Inc.

As a huge and fast emerging economy, India burns bright in investors' eyes. But without an extensive and experienced local presence, its volatility can seem overwhelming. That's why wise Financial Explorers turn to Aberdeen. Our intimate knowledge of India's people, businesses, and $2 trillion economy let us spot long-term trends early. We are keeping our eyes on what India's rising middle class wants, and how its business community will provide it.

Open your world with The India Fund.

See how the current share price compares to the value of the fund’s assets.

  • Net Asset Value Per Share $30.70
  • Market Price $27.19
  • Change (-11.43)%

As at close Sep 22, 2017. The NAV information is provided by the Fund's accounting agent. The price is as reported by the exchange on which the Fund trades. This information is unaudited and neither Aberdeen Asset Management PLC, its wholly owned subsidiaries, the Funds, nor any other person guarantees their accuracy.

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Field Report

Investment idea: The India Fund, inc. (IFN)

 

With the liberalization of the business environment in India under Prime Minister Narendra Modi, and the explosive growth of the nation’s middle class, we believe the Indian economy is primed for unprecedented growth in the short term with sustained expansion over the long term.

The India Fund, Inc. (IFN) seeks to provide investors balanced exposure – at a discount – to the key industries driving and taking advantage of the positive trends in Indian business and society.

India’s Narendra Modi is slashing through red tape

As part of Prime Minister Modi’s efforts to jump-start his nation’s business sector – one that underperformed for the past half-century – he passed 52 bills in his first year, including measures to encourage cooperative federalism among India’s 29 states, and streamline business incorporation and permit processes by digitizing and centralizing these processes. What once took 27 days now takes only one.

In aggregate, these measures will have a tremendous impact on efficiency, and appetite should increase for investment at India’s massive scale.

Modi’s initiatives - “Skilled India,” which will train over 400 million workers within seven years1, manufacturing push “Make in India” which facilitates foreign investment, and the National Institution for Transforming India [NITI Aayog] - are credible programs matching India’s performance to its potential.

With a robust auto industry, producing cars for the region and the world, nearly three times as many engineering graduates each year as the U.S.2, and a domestic market more than doubling their consumption over the next decade3, India is forecast to grow more quickly than China in 2016 and 2017 according to the World Bank4.

Download The India Fund factsheet to learn more about the fund’s objective, policies, performance and more.

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Source: McKinsey Global Institute, "The Rise of India's Consumer Market"

Projections are offered as opinion and are not reflective of potential performance. Projections are not guaranteed and actual events or results may differ materially. For illustrative purposes only.

Source: US Energy Information Administration

For illustrative purposes only

 

1 The Guardian, 2015
2 World Education News & Review, 2007
3 India Brand Equity Foundation, 2016
4 The World Bank