India Fund Inc. premium as of Dec. 1 was only 3.69% which is extremely low for IFN especially with the strong bull market in India. The BSE is at record levels nearing 14,000 and shows no signs of stopping. Inspite of this IFN has remained steady for the last few weeks causing its premium to drop. Also in the near future, there is a strong likelyhood of a dividend. It may not be as much as last years $5.53/share but I’m hoping it will be nice.
The other India Fund – Morgan Stan India Inv Fd – IIF was trading at a discount of 0.47% as of Dec. 1!! I don’t follow that closely but you might want to check that out as another option to invest in India.