THE INDIA FUND, INC. PHILADELPHIA, Jan. 26, 2016 /PRNewswire/ -- The India Fund, Inc. (the "Fund") (NYSE: IFN), a closed-end equity fund, announced today its performance data and portfolio composition as of December 31, 2015.
http://photos.prnewswire.com/prnvar/20121106/NE07292LOGO
The Fund's total returns for various periods through December 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 Annualized as of 12/31/15
12/31/15
--------
1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years Since Inception
------- ------- --- ------ ------- ------- -------- ---------------
NAV 3.2 1.1 -1.8 -1.8 9.8 0.6 8.6 9.1
--- --- --- ---- ---- --- --- --- ---
Market
Price 2.9 -0.4 -4.4 -4.4 9.7 -1.7 5.6 8.1
------ --- ---- ---- ---- --- ---- --- ---
MSCI
India 2.4 -0.9 -6.1 -6.1 3.8 -2.4 7.2 6.5(1)
------ --- ---- ---- ---- --- ---- --- -----
On December 31, 2015, the Fund's net assets amounted to US$759.1 million and the Fund's NAV per share was US$25.95.
¹ For the MSCI India benchmark, the returns provided for since inception are based on month-end level valuations as of February 28, 1994.
As of December 31, 2015, the portfolio was invested as follows:
Portfolio Composition Percent of
Net Assets
--- ----------
Financials 22.2
---------- ----
Consumer Staples 17.8
---------------- ----
Information Technology 17.7
---------------------- ----
Materials 15.4
--------- ----
Health Care 10.2
----------- ----
Consumer Discretionary 8.4
---------------------- ---
Industrials 4.7
----------- ---
Telecommunications 2.2
------------------ ---
Utilities 0.8
--------- ---
Cash 0.6
---- ---
The Fund's ten largest equity holdings as of December 31, 2015, representing 59.1% of net assets, were:
Stock Percent of
Net Assets
--- ----------
Housing Development Finance
Corporation 10.2
--------------------------- ----
Infosys 7.8
------- ---
Tata Consultancy Services 7.5
------------------------- ---
ICICI Bank 5.8
---------- ---
ITC 5.2
--- ---
UltraTech Cement 4.9
---------------- ---
Hindustan Unilever 4.8
------------------ ---
Godrej Consumer Products 4.6
------------------------ ---
Bosch Ltd. 4.3
---------- ---
Hero MotoCorp 4.1
------------- ---
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's portfolio. 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
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-india-fund-inc-announces-performance-data-and-portfolio-composition-300209614.html
SOURCE The India Fund, Inc.
