The India Fund, Inc. (NYSE:IFN)
The Fund is registered as a closed-end non-diversified management investment company and has a branch in the Republic of Mauritius.
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India, the next China
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Look, this is awesome. It's the global economy - who is going to argue with India over the long-run?
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I think India has potential growth story of the future. Also a good protective measure against US recession and inflation.
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From these levels (43.89) it's an easy bet to beat the S&P over next 5 years (and sooner).
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Ridiculous earnings per share...and nice dividends. What's not to like?
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This ETF contains Indian companies that WILL grow, but would be too many to buy individually and are not all available through my discount brokerage. If India isn't a growth story, then the global economy as a whole is in trouble.
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Indian Mutual fund - Indian economy is growing, and more investments are coming India's way. Deregulation and privatisations are going on, slowly but surely
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stock has dropped to near 52 week lows. acts as a mutual fund of India businesses
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Well diversified, should do well.
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The world's largest democracy is finally achieving the rapid economic necessary to uplift its impoverished masses! Investing in India offers many of the same growth opportunities that investing in China and Russia offer but minus the political baggage! In the absence of a true India-oriented ETF, IFN appears to be the best way to invest in India currently!
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Is this fund a good investment? I do not know, and I wouldn't buy it without more research. It's hard not to be impressed by India's long-term potential, although the legal system and political events still pose risks.
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mixed bag of india.
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a hunch.......
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I believe India will keep growing and investing in this fund is a secure bet.
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I believe India will provide steady growth over the long run, and India Fund owns the top Indian businesses, so I think this is a great pick here.
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