India fund float

Is there any chance you could provide some informed commentary on the upcoming India Fund float?

 

A: Thanks for the question.

Two pieces of advice re the India Fund:

a) read the prospectus very carefully; and

b) On listing, the NTA will be $0.96 per share (you are paying $1.00 for something worth $0.96. Of course, there is a free option as well. My guess is that if you want to invest, you may be better off waiting until it lists on the ASX.

The Indian market has had a fantastic run up over the last 2 years. While it is a growth economy, it is not without its challenges – so invest in moderation.


Read Answer