- CUSIP
- 61745C105
- Issuer
- India Fund
- Inception Date
- Feb 25, 1994
- Category
- Emerging Markets Equities
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
IFN Performance Chart
The India Fund (IFN) is down 14.2% since the beginning of the year. IFN is currently trading at $11 per share. Investors who bought $1,000 worth of IFN shares 5 years ago would now be looking at an investment worth $1,044.
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Returns By Period
The India Fund (IFN) has returned -14.22% so far this year and -21.15% over the past 12 months. Over the last ten years, IFN has returned 6.15% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
The India Fund
- 1D
- -0.72%
- 1M
- -5.19%
- YTD
- -14.22%
- 6M
- -16.23%
- 1Y
- -21.15%
- 3Y*
- 1.33%
- 5Y*
- 0.87%
- 10Y*
- 6.15%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
IFN Monthly Returns History
Based on dividend-adjusted daily data since Feb 15, 1994, IFN's average daily return is +0.05%, while the average monthly return is +0.98%. At this rate, an investment would double in approximately 5.9 years.
Historically, 57% of months were positive and 43% were negative. The best month was May 2009 with a return of +42.8%, while the worst month was Jun 2008 at -23.1%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 7 months.
On a daily basis, IFN closed higher 49% of trading days. The best single day was May 18, 2009 with a return of +21.5%, while the worst single day was Oct 15, 2008 at -14.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.09% | 1.47% | -14.95% | 6.36% | -3.27% | -2.31% | -14.22% | ||||||
| 2025 | 1.78% | -7.10% | 9.06% | 1.01% | 5.33% | 0.98% | -6.47% | 0.12% | -2.72% | 2.46% | 2.36% | -5.12% | 0.42% |
| 2024 | 4.59% | 9.18% | 0.10% | -10.85% | -2.93% | 3.42% | 3.47% | 1.49% | 4.11% | -7.47% | 3.31% | -8.59% | -2.26% |
| 2023 | 7.97% | -2.87% | 0.07% | 2.97% | 0.81% | 8.36% | 3.13% | -1.39% | 5.77% | -7.41% | 7.91% | 7.59% | 36.48% |
| 2022 | -4.45% | -2.23% | 0.89% | -6.99% | -0.96% | -5.51% | 7.12% | 2.98% | -8.22% | -0.44% | 11.12% | -8.41% | -15.85% |
| 2021 | -2.20% | 5.64% | 6.82% | -4.99% | 6.82% | 3.54% | 0.59% | 5.39% | 1.80% | -3.20% | -1.39% | 2.38% | 22.31% |
Benchmark Metrics
The India Fund has an annualized alpha of 3.39%, beta of 0.87, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since February 16, 1994.
- This fund participated in 110.51% of S&P 500 Index downside but only 103.85% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.25 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.39%
- Beta
- 0.87
- R²
- 0.25
- Upside Capture
- 103.85%
- Downside Capture
- 110.51%
Expense Ratio
IFN has an expense ratio of 0.01%, which is considered low.
Return for Risk
Risk / Return Rank
IFN ranks 0 for risk / return — in the bottom 0% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for The India Fund (IFN) and compare them to S&P 500 Index.
| IFN | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.30 | 2.39 | -3.69 |
Sortino ratioReturn per unit of downside risk | -1.91 | 3.25 | -5.16 |
Omega ratioGain probability vs. loss probability | 0.80 | 1.43 | -0.64 |
Calmar ratioReturn relative to maximum drawdown | -0.81 | 3.11 | -3.93 |
Martin ratioReturn relative to average drawdown | -1.81 | 14.38 | -16.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
The India Fund provided a 19.78% dividend yield over the last twelve months, with an annual payout of $2.18 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.18 | $2.21 | $2.30 | $1.64 | $3.18 | $3.21 | $1.95 | $2.33 | $4.50 | $3.16 | $1.71 | $1.82 |
Dividend yield | 19.78% | 16.09% | 14.60% | 8.97% | 21.47% | 15.21% | 9.77% | 11.57% | 22.25% | 12.11% | 7.97% | 8.02% |
Monthly Dividends
The table displays the monthly dividend distributions for The India Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.45 | $0.00 | $0.00 | $0.39 | $0.00 | $0.84 | ||||||
| 2025 | $0.00 | $0.46 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.91 | $0.00 | $2.21 |
| 2024 | $0.00 | $0.43 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.93 | $0.00 | $2.30 |
| 2023 | $0.00 | $0.43 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.41 | $0.00 | $1.64 |
| 2022 | $0.00 | $0.00 | $0.58 | $0.00 | $0.53 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $1.61 | $0.00 | $3.18 |
| 2021 | $0.00 | $0.00 | $0.58 | $0.00 | $0.00 | $0.58 | $0.00 | $0.00 | $0.61 | $0.00 | $0.00 | $1.44 | $3.21 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the The India Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the The India Fund was 71.52%, occurring on Mar 9, 2009. Recovery took 2057 trading sessions.
The current The India Fund drawdown is 28.27%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -71.52%Mar 2009 | 1y 2mo | 8y 2mo | 9y 4moDec 2007 - May 2017 |
Dot-com crash2000–2002 | -65.52%Sep 2001 | 1y 6mo | 2y 2mo | 3y 9moMar 2000 - Dec 2003 |
1998 bear market1998 | -62.32%Oct 1998 | 4y 7mo | 1y 2mo | 5y 9moMar 1994 - Dec 1999 |
2006 bear market2006 | -41.96%Jun 2006 | 1mo 3d | 1y 4mo | 1y 5moMay 2006 - Oct 2007 |
COVID crash2020 | -41.48%Mar 2020 | 2mo 2d | 8mo 13d | 10mo 15dJan 2020 - Dec 2020 |
Drawdown Indicators
| IFN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.52% | -56.78% | -14.74% |
Max Drawdown (1Y)Largest decline over 1 year | -26.05% | -9.10% | -16.95% |
Max Drawdown (3Y)Largest decline over 3 years | -31.53% | -18.90% | -12.63% |
Max Drawdown (5Y)Largest decline over 5 years | -31.53% | -25.43% | -6.10% |
Max Drawdown (10Y)Largest decline over 10 years | -41.48% | -33.92% | -7.56% |
Current DrawdownCurrent decline from peak | -28.27% | 0.00% | -28.27% |
Average DrawdownAverage peak-to-trough decline | -25.88% | -10.72% | -15.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.69% | 1.97% | +9.72% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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