IFN - Aberdeen India Fund

What this means for you

None of the investors we follow has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

Nothing on file yet. No large investor has reported a stake in this fund, and the fund has not announced a buy-back, a vote or a closing.

About this fund

• Run by ABRDN Asia Limited. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Size: about $547 million of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 3% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1.1% a year in management fees; 1.4% a year in total, including interest on borrowed money. Fiscal year ended Dec 31, 2025. As of Dec 31, 2025, from the fund's yearly report. Original document →
  Among the 13 funds we follow that invest outside the U.S., 7 charge a lower management fee and 7 charge less in total, at their last yearly reports. Both numbers are measured against the fund's own money, not the money it borrows on top, so a fund that borrows more shows higher costs on both counts.
• Payouts: last fiscal year (ended Dec 31, 2025) the fund paid $2.21 a share, all of it from gains. Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of Dec 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Dec 31, 2025): $14.85. The shares traded at $13.71, about 7.7% below that. As of Dec 31, 2025, from the fund's yearly report. Original document →
  Over the last two years the gap (a "discount" when the price is below the value) ranged from 14.3% below to 16.9% above. As of June 30, 2026, from the fund's annual report. Original document →
• How the holdings did: up 7.3% over the last three months we have (April-June 2026), before the share price is taken into account. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 1994.

How this has changed

• Payouts per share: $2.21 in the fiscal year ended Dec 31, 2025; $2.30 in the year ended Dec 31, 2024; $1.64 in the year ended Dec 31, 2023.As of Dec 31, 2025, from the fund's annual report. Original document →
• None of those payouts was your own money back; all of it was income or gains.As of Dec 31, 2025, from the fund's annual report. Original document →
• Costs, including interest on borrowed money: 1.36% a year in the fiscal year ended Dec 31, 2025; 1.36% a year in the year ended Dec 31, 2024; 1.49% a year in the year ended Dec 31, 2023.As of Dec 31, 2025, from the fund's annual report. Original document →
• Size of the holdings: about $624 million at Dec 31, 2025; $720 million at Dec 31, 2024; $549 million at Dec 31, 2023. From the fund's quarterly holdings reports. Original documents: Dec 31, 2025 →, Dec 31, 2024 →, Dec 31, 2023 →.
• Borrowing: about 7% on top of its own money at Dec 31, 2025; 8% at Dec 31, 2024; 5% at Dec 31, 2023. From the fund's quarterly holdings reports. Original documents: Dec 31, 2025 →, Dec 31, 2024 →, Dec 31, 2023 →.
• The fund had about 42 million shares at Dec 31, 2025, up 36.7% from Dec 31, 2023.As of Dec 31, 2025, from the fund's annual report. Original document →

What these lines mean: a payout that is your own money back, what a fund costs, borrowing.

What a holder made

• The year ended Dec 31, 2025: the shares returned +0.9%, counting payouts; the holdings -6%. The holdings figure is what the fund's investments earned, before the share price is taken into account. As of Dec 31, 2025, from the fund's annual report. Original document →
• The year ended Dec 31, 2024: the shares returned -2.1%, counting payouts; the holdings +16.5%. As of Dec 31, 2024, from the fund's annual report. Original document →
• The year ended Dec 31, 2023: the shares returned +36.6%, counting payouts; the holdings +21.3%. As of Dec 31, 2023, from the fund's annual report. Original document →
• The year ended Dec 31, 2022: the shares returned -15.3%, counting payouts; the holdings -16.3%. As of Dec 31, 2022, from the fund's annual report. Original document →
• The year ended Dec 31, 2021: the shares returned +21.9%, counting payouts; the holdings +17.7%. As of Dec 31, 2021, from the fund's annual report. Original document →
• Those five years together: the shares returned +39.2%. $10,000 of shares bought at the start (Jan 1, 2021) would have become about $13,900 by Dec 31, 2025, with every payout counted, before tax. As of Dec 31, 2025, from the fund's annual report. Original document →
• The holdings over the last twelve months we have, to June 30, 2026: -16.3%. The quarterly reports carry no share price, so this is the holdings alone. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Of the 10 funds that invest in outside the U.S. with a fiscal year ending within six months of this one, 9 reported a higher share return for that year and 0 a lower one. As of Dec 31, 2025, from the fund's annual report. Original document →
• A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.

Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.

What the fund holds

All shares (100%). About 0% issued in the U.S.

1. ICICI Bank - 8.5%
2. HDFC Bank - 8.3%
3. Bharti Airtel - 6.5%
4. Mahindra & Mahindra - 4.7%
5. Aegis Logistics - 3.3%
6. Bajaj Finance - 3.2%
7. Ntpc - 2.8%
8. Phoenix Mills Ltd/The - 2.7%
9. SBI Life Insurance - 2.7%
10. JB Chemicals & Pharmaceuticals - 2.6%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →