Form NPORT-P INDIA FUND INC For: Mar 31

  
    NPORT-P
    false
    
      
      
        
          0000917100
          XXXXXXXX
        
      
      
      
      
      
    
  
  
    
      INDIA FUND INC
      811-08266
      0000917100
      5493008XCB4X3JFQPB87
      1900 Market Street
      Suite 200
      PHILADELPHIA
      
      19103
      215-405-5700
      INDIA FUND INC
      5493008XCB4X3JFQPB87
      2022-12-31
      2022-03-31
      N
    
    
      601364386.28
      21523281.93
      579841104.35
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      4113263.72000000
      N
      
        
          
        
        
          
            
            
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        Zomato Ltd
        335800T4VOF9ETHF8W59
        
        000000000
        
          
        
        3883296.00000000
        NS
        
        4180327.07000000
        0.720943554818
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Prestige Estates Projects Ltd
        335800HHEBP52VZLTU94
        
        000000000
        
          
        
        1949469.00000000
        NS
        
        12532529.97000000
        2.161373154814
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Larsen & Toubro Ltd
        3358003FR3JIC5FRXA90
        
        000000000
        
          
        
        632407.00000000
        NS
        
        14667638.23000000
        2.529596146248
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Hindalco Industries Ltd
        335800KXLE5NO5B4GF90
        
        000000000
        
          
        
        560000.00000000
        NS
        
        4191151.79000000
        0.722810397289
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Hindustan Unilever Ltd
        5493007IW5N37IKRPM32
        
        000000000
        
          
        
        1027818.00000000
        NS
        
        27616895.06000000
        4.762838448812
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Container Corp Of India Ltd
        335800T2XH4HLGGQSJ32
        
        000000000
        
          
        
        1609015.00000000
        NS
        
        14162459.57000000
        2.442472509063
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Infosys Ltd
        335800TYLGG93MM7PR89
        
        000000000
        
          
        
        2590974.00000000
        NS
        
        64930750.32000000
        11.19802474037
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        FSN E-Commerce Ventures Ltd
        335800X5BJYC18NHDQ91
        
        000000000
        
          
        
        322494.00000000
        NS
        
        7133750.03000000
        1.230293950615
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Aptus Value Housing Finance India Ltd
        335800B5FZTE7UR3W714
        
        000000000
        
          
        
        778402.00000000
        NS
        
        3459006.05000000
        0.596543781399
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Tata Consultancy Services Ltd
        335800ZJKU9GPQRE2U66
        
        000000000
        
          
        
        851437.00000000
        NS
        
        41876646.59000000
        7.222090030499
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        State Street Global Advisors
        549300BZ5TGIFZUZDZ37
        
        857492706
        
          
        
        847776.57000000
        NS
        USD
        847776.57000000
        0.146208429109
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Star Health & Allied Insurance Co Ltd
        335800P3BYVJE1S5SB43
        
        000000000
        
          
        
        444512.00000000
        NS
        
        4162519.06000000
        0.717872366890
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        ITC Ltd
        335800WLOU3OFWFTMP43
        
        000000000
        
          
        
        3956277.00000000
        NS
        
        13021300.10000000
        2.245666959847
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Godrej Properties Ltd
        335800KM3Y5NZWXOE183
        
        000000000
        
          
        
        388528.00000000
        NS
        
        8515203.43000000
        1.468540840950
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        HDFC Bank Ltd
        335800ZQ6I4E2JXENC50
        
        000000000
        
          
        
        927751.00000000
        NS
        
        17864054.20000000
        3.080853369308
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Power Grid Corp of India Ltd
        3358009SHWZ3DZEQ4Z56
        
        000000000
        
          
        
        7645143.00000000
        NS
        
        21795794.90000000
        3.758925460179
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Maruti Suzuki India Ltd
        335800D27PBEESKKD357
        
        000000000
        
          
        
        149174.00000000
        NS
        
        14807395.86000000
        2.553698892492
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Aegis Logistics Ltd
        335800R6OF8UV8J3G994
        
        000000000
        
          
        
        3448500.00000000
        NS
        
        9316673.67000000
        1.606763232220
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Kotak Mahindra Bank Ltd
        335800E6GTTXKHXE2I75
        
        000000000
        
          
        
        771476.00000000
        NS
        
        17709615.32000000
        3.054218679417
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        ReNew Energy Global PLC
        254900SL77LA2KAG7R65
        
        000000000
        
          
        
        764249.00000000
        NS
        USD
        6282126.78000000
        1.083422119072
        Long
        EC
        CORP
        GB
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Bharti Airtel Ltd
        335800KQ1FPKOQ84OR26
        
        000000000
        
          
        
        2642459.00000000
        NS
        
        26269664.10000000
        4.530493596077
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Nestle India Ltd
        3358008SYYY9CPWH5D94
        
        000000000
        
          
        
        37700.00000000
        NS
        
        8600167.41000000
        1.483193817320
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Info Edge India Ltd
        335800MXUVHTBF9DEC78
        
        000000000
        
          
        
        80500.00000000
        NS
        
        4758917.83000000
        0.820727919131
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Sanofi India Ltd
        335800VFWLEY5V6PYH80
        
        000000000
        
          
        
        58770.00000000
        NS
        
        5805682.96000000
        1.001254122283
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Bharti Airtel Ltd
        335800KQ1FPKOQ84OR26
        
        000000000
        
          
        
        148461.00000000
        NS
        
        769934.17000000
        0.132783647834
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Affle India Ltd
        335800VOXUF6XMCWSD89
        
        000000000
        
          
        
        726340.00000000
        NS
        
        11890053.44000000
        2.050570984154
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Azure Power Global Ltd
        54930085G5UQETD7JX48
        
        000000000
        
          
        
        367452.00000000
        NS
        USD
        6114401.28000000
        1.054496004876
        Long
        EC
        CORP
        MU
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Mphasis Ltd
        335800NSYTIQLQKUYP62
        
        000000000
        
          
        
        384748.00000000
        NS
        
        17038231.71000000
        2.938431163671
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Vijaya Diagnostic Centre Pvt Ltd
        33580036Q5DTJTG86994
        
        000000000
        
          
        
        1379588.00000000
        NS
        
        7921003.24000000
        1.366064458103
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Fortis Healthcare Ltd
        3358001Q5ZJC4M83WH02
        
        000000000
        
          
        
        3423200.00000000
        NS
        
        13002658.30000000
        2.242451975628
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Housing Development Finance Corp Ltd
        335800OX2H9AP7NHLT64
        
        000000000
        
          
        
        1662254.00000000
        NS
        
        51855889.58000000
        8.943120656844
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        PB Fintech Ltd
        98450083AC6B01HF1F87
        
        000000000
        
          
        
        699266.00000000
        NS
        
        6329838.06000000
        1.091650456049
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Godrej Agrovet Ltd
        335800RSHGFZI4KP8948
        
        000000000
        
          
        
        280366.00000000
        NS
        
        1637319.07000000
        0.282373749931
        Long
        EC
        CORP
        IN
        Y
        
        2
        
          N
          N
          N
        
      
      
        Crompton Greaves Consumer Electricals Ltd
        335800DIIEEWMH3UDH51
        
        000000000
        
          
        
        1643914.00000000
        NS
        
        8052224.28000000
        1.388694975156
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Asian Paints Ltd
        335800HEHXGYRUNERD75
        
        000000000
        
          
        
        384791.00000000
        NS
        
        15570505.79000000
        2.685305624797
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        SBI Life Insurance Co Ltd
        335800WMVIESQUO95586
        
        000000000
        
          
        
        1196258.00000000
        NS
        
        17586023.27000000
        3.032903865915
        Long
        EC
        CORP
        IN
        Y
        
        2
        
          N
          N
          N
        
      
      
        UltraTech Cement Ltd
        335800PC9O9B4BQHG814
        
        000000000
        
          
        
        225648.00000000
        NS
        
        19552906.51000000
        3.372114595414
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        ICICI Bank Ltd
        R7RX8ER1V4666J8D1I38
        
        000000000
        
          
        
        4060484.00000000
        NS
        
        38750000.89000000
        6.682865460778
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Piramal Enterprises Ltd
        335800XG9I3HZ2F1KQ73
        
        000000000
        
          
        
        556686.00000000
        NS
        
        15955301.17000000
        2.751667836292
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        Syngene International Ltd
        335800FFAWRC77Z2EY68
        
        000000000
        
          
        
        1325000.00000000
        NS
        
        10391641.09000000
        1.792153231642
        Long
        EC
        CORP
        IN
        Y
        
        2
        
          N
          N
          N
        
      
    
    
      
    
    
      2022-04-29
      INDIA FUND INC
      Sharon Ferrari
      Sharon Ferrari
      Assistant Treasurer
    
  
  XXXX

 

Statement of Investments

 

March 31, 2022 (unaudited)

The India Fund, Inc.

 

		Shares or Principal Amount				Value
LONG-TERM INVESTMENTS (102.9%)
COMMON STOCKS (102.9%)
INDIA (102.9%)
Communication Services (7.5%)
Affle India Ltd.(a)			726,340			$	11,890,053
Bharti Airtel Ltd.(a)			2,790,920				27,039,598
Info Edge India Ltd.			80,500				4,758,918
							43,688,569
Consumer Discretionary (5.9%)
Crompton Greaves Consumer Electricals Ltd.			1,643,914				8,052,224
FSN E-Commerce Ventures Ltd.(a)			322,494				7,133,750
Maruti Suzuki India Ltd.			149,174				14,807,396
Zomato Ltd.(a)			3,883,296				4,180,327
							34,173,697
Consumer Staples (8.8%)
Godrej Agrovet Ltd.(b)			251,415				1,468,247
Hindustan Unilever Ltd.			1,047,818				28,154,284
ITC Ltd.			3,956,277				13,021,300
Nestle India Ltd.			37,700				8,600,167
							51,243,998
Energy (1.6%)
Aegis Logistics Ltd.			3,448,500				9,316,674
Financials (30.0%)
Aptus Value Housing Finance India Ltd.(a)			778,402				3,459,006
HDFC Bank Ltd.			927,751				17,864,054
Housing Development Finance Corp. Ltd.			1,662,254				51,855,890
ICICI Bank Ltd.			4,060,484				38,750,001
Kotak Mahindra Bank Ltd.			771,476				17,709,616
PB Fintech Ltd.(a)			699,266				6,329,838
Piramal Enterprises Ltd.			556,686				15,955,301
SBI Life Insurance Co. Ltd.(b)			1,196,258				17,586,023
Star Health & Allied Insurance Co. Ltd.(a)			444,512				4,162,519
							173,672,248
Health Care (6.4%)
Fortis Healthcare Ltd.(a)			3,423,200				13,002,659
Sanofi India Ltd.			58,770				5,805,683
Syngene International Ltd.(a)(b)			1,325,000				10,391,641
Vijaya Diagnostic Centre Pvt Ltd.(a)			1,379,588				7,921,003
							37,120,986
Industrials (5.0%)
Container Corp. Of India Ltd.			1,609,015				14,162,460
Larsen & Toubro Ltd.			632,407				14,667,638
							28,830,098

 

See accompanying Notes to Portfolio of Investments.

 

 

Statement of Investments (concluded)

 

March 31, 2022 (unaudited)

The India Fund, Inc.

 

		Shares or Principal Amount				Value
Information Technology (21.4%)
Infosys Ltd.			2,590,974			$	64,930,750
Mphasis Ltd.			384,748				17,038,232
Tata Consultancy Services Ltd.			851,437				41,876,647
							123,845,629
Materials (6.8%)
Asian Paints Ltd.			384,791				15,570,506
Hindalco Industries Ltd.			560,000				4,191,152
UltraTech Cement Ltd.			225,648				19,552,906
							39,314,564
Real Estate (3.6%)
Godrej Properties Ltd.(a)			388,528				8,515,203
Prestige Estates Projects Ltd.			1,949,469				12,532,530
							21,047,733
Utilities (5.9%)
Azure Power Global Ltd.(a)			367,452				6,114,401
Power Grid Corp. of India Ltd.			7,645,143				21,795,795
ReNew Energy Global PLC, Class A(a)			783,941				6,443,995
							34,354,191
Total Common Stocks							596,608,387
UNITED STATES (0.1%)
State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.25%(c)			847,777				847,777
Total Money Market Funds							847,777
Liabilities in Excess of Other Assets—(3.0)%							(17,610,890	)
Total Investments (Cost $353,315,642) (d)—103.0%							597,456,164
Net Assets—100.0%						$	579,845,274

 

(a)	Non-income producing security.
(b)	Denotes a security issued under Regulation S or Rule 144A.
(c)	Registered investment company advised by State Street Global Advisors. The rate shown is the 7 day yield as of March 31, 2022.
(d)	See accompanying Notes to Financial Statements for tax unrealized appreciation/(depreciation) of securities.

 

PLC	Public Limited Company

 

See accompanying Notes to Portfolio of Investments.

 

 

Notes to Portfolio of Investments (unaudited)

 

September 30, 2021

 

Summary of Significant Accounting Policies

 

a. Security Valuation:

 

The Fund values its securities at current market value or fair value, consistent with regulatory requirements. "Fair value" is defined in the Fund's Valuation and Liquidity Procedures as the price that could be received to sell an asset or paid to transfer a liability in an orderly transaction between willing market participants without a compulsion to transact at the measurement date.

 

Equity securities that are traded on an exchange are valued at the last quoted sale price on the principal exchange on which the security is traded at the “Valuation Time” subject to application, when appropriate, of the valuation factors described in the paragraph below. Under normal circumstances, the Valuation Time is as of the close of regular trading on the New York Stock Exchange ("NYSE") (usually 4:00 p.m. Eastern Time). In the absence of a sale price, the security is valued at the mean of the bid/ask price quoted at the close on the principal exchange on which the security is traded. Securities traded on NASDAQ are valued at the NASDAQ official closing price. Closed-end funds and exchange-traded funds (“ETFs”) are valued at the market price of the security at the Valuation Time. A security using any of these pricing methodologies is determined to be a Level 1 investment. Closed-end funds and exchange-traded funds ("ETFs") are valued at the market price of the security at the Valuation Time. A security using any of these pricing methodologies is determined to be a Level 1 investment.

 

Foreign equity securities that are traded on foreign exchanges that close prior to Valuation Time are valued by applying valuation factors to the last sale price or the mean price as noted above. Valuation factors are provided by an independent pricing service provider approved by the Board. These valuation factors are used when pricing the Fund's portfolio holdings to estimate market movements between the time foreign markets close and the time the Fund values such foreign securities. These valuation factors are based on inputs such as depositary receipts, indices, futures, sector indices/ETFs, exchange rates, and local exchange opening and closing prices of each security. When prices with the application of valuation factors are utilized, the value assigned to the foreign securities may not be the same as quoted or published prices of the securities on their primary markets. A security that applies a valuation factor is determined to be a Level 2 investment because the exchange-traded price has been adjusted. Valuation factors are not utilized if the independent pricing service provider is unable to provide a valuation factor or if the valuation factor falls below a predetermined threshold; in such case, the security is determined to be a Level 1 investment.

 

Short-term investments are comprised of cash and cash equivalents invested in short-term investment funds which are redeemable daily. The Fund sweeps available cash into the State Street Institutional U.S. Government Money Market Fund, which has elected to qualify as a “government money market fund” pursuant to Rule 2a-7 under the 1940 Act, and has an objective, which is not guaranteed, to maintain a $1.00 per share net asset value. Generally, these investment types are categorized as Level 1 investments.

 

In the event that a security’s market quotations are not readily available or are deemed unreliable (for reasons other than because the foreign exchange on which it trades closes before the Valuation Time), the security is valued at fair value as determined by the Fund's Pricing Committee, taking into account the relevant factors and surrounding circumstances using valuation policies and procedures approved by the Fund's Board of Directors (the "Board"). A security that has been fair valued by the Fund's Pricing Committee may be classified as Level 2 or Level 3 depending on the nature of the inputs.

 

The India Fund, Inc.

 

 

 

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Ideanomics Announces Receipt of Notice from Nasdaq Regarding Late Filing of Annual Report on Form 10-K
• GDRX INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that GoodRx Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead the GoodRx Class Action Lawsuit
• BayCare's St. Joseph's Hospital Opens Season's Café with Amazon's Just Walk Out Technology