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Aberdeen India Fund, Inc. (NYSE AMEX: IFN)
- (EDT)
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Daily Data
At close May 16, 2012
| NAV | $21.87 |
| Price | $19.28 |
| Premium/(Discount) | -11.84% |
NAV and prices are provided by Morningstar. 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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The India Fund, Inc. (NYSE: IFN)
Investment Objective
Long-term capital appreciation by investing primarily in Indian equity securities.
Commentary
India: Making Haste Slowly
After witnessing slowing growth, widening corruption and policy stasis, what lies ahead for India in 2012? Some may think that India’s economic miracle is over; Aberdeen and other investment professionals think otherwise. Read this commentary and Q&A to learn more about the continued potential benefits of investing in India.
Download commentaryInvesting in the Asia-Pacific Region
As the West grapples with its debt issues, we believe that the structural soundness of the Asia-Pacific region will help deliver long-term opportunities for investors.
Download brochureFund Manager Interview with Adrian Lim
Adrian Lim, senior investment manager on Aberdeen’s Asian Equities team, discusses how the recent global downturn has affected Indian equities.
Download the Fund Manager InterviewHead of Aberdeen Asia Discusses Indian Investments
Hugh Young, head of Aberdeen Asian Equities, talks about the tremendous potential of India based on its sheer size, population dynamics, infrastructure growth and improving corporate governance standards..
Fund Managers’ Monthly Report
April 2012
- Indian equities fell in March amid resurgent concerns over the nation’s fiscal health and faltering global economic growth.
- A purchasing managers’ index suggested that manufacturing would remain robust, after industrial production accelerated in January, however, exports decelerated. In budget news, the government maintained its full-year gross domestic product (GDP) forecast at 7.6% and aimed to pare the fiscal deficit to 5.1% of GDP.
- Inflation rose, driven by food and fuel prices. The central bank kept interest rates unchanged, but cut lenders’ cash reserve requirement to boost liquidity.
- The ruling Congress party performed poorly in state elections. The biggest disappointment was in Uttar Pradesh, where a win was considered necessary for Congress to push through parliamentary reforms.
- Uncertainty was heightened by the proposal to remove tax exemptions on the capital gains of foreign institutional investors using the market in the African nation of Mauritius to access the domestic equity market. Costs of investments may rise from this plan, which was put forth to extend the powers of the tax department. We are monitoring the development closely. Our long-term approach should mitigate any impact from the recommended change, which targets short-term investors.
- There were no major portfolio changes in March. Read more
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