(IFN) India Fund is a rip-off. Want to buy Indian? Get directly (INFY) Infosys Technologies and (TTM) Tata Motors to avoid an outrageous 30% money waste. May 25, 2006Posted by deminvest in Blogroll, IFN India Fund, India Investing, INFY Infosys Technologies, investment, Single stocks, stocks, TTM Tata Motors.
There is so much desire to invest on India stock that IFN INDIA Fund has a reached a terrifying 30% Premium. This is what I call a rip-off: the price of IFN is 30% higher than its Net Asset Value (NAV) this means that if you buy IFN you pay 30% more that the sum of values of all the stocks IFN owns. Moreover you also spend 4% a year expenses to IFN management.