INDIA FD INC IFN
COM · Closed-End Fund · CUSIP 454089103
85
institutional holders
+4 vs Q1 2025
6.3m
shares reported held*
$104.7mreported value*
15 new
22 added
24 reduced
12 sold out
net bought ≈ $2.3m (+152.1k shares)
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $16.49. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 52 |
| Q4 2022 | 51 |
| Q1 2023 | 62 |
| Q2 2023 | 62 |
| Q3 2023 | 65 |
| Q4 2023 | 69 |
| Q1 2024 | 66 |
| Q2 2024 | 80 |
| Q3 2024 | 92 |
| Q4 2024 | 100 |
| Q1 2025 | 81 |
| Q2 2025 | 85 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 32 | 13 |
| Q4 2023 | 25 | 18 |
| Q1 2024 | 38 | 17 |
| Q2 2024 | 50 | 23 |
| Q3 2024 | 56 | 24 |
| Q4 2024 | 42 | 36 |
| Q1 2025 | 37 | 45 |
| Q2 2025 | 37 | 36 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +265.3k |
| LAZARD ASSET MANAGEMENT LLC | Added | +69.3k |
| Cetera Investment Advisers | Added | +47.3k |
| Penserra Capital Management LLC | Added | +29.6k |
| Silverleafe Capital Partners, LLC | New | +16.6k |
| Hibernia Wealth Partners, LLC | New | +15.0k |
| OPPENHEIMER & CO INC | New | +14.9k |
| Composition Wealth, LLC | New | +14.7k |
| Euro Pacific Asset Management, LLC | Added | +14.1k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | Added | +14.0k |
Biggest sellers
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Reduced | -73.2k |
| MORGAN STANLEY | Reduced | -55.5k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | Reduced | -54.9k |
| KDT Advisors, LLC | Sold out | -30.0k |
| Csenge Advisory Group | Sold out | -28.8k |
| Pettinga Financial Advisors LLC | Reduced | -28.5k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -25.0k |
| Roundview Capital LLC | Sold out | -14.4k |
| JOURNEY STRATEGIC WEALTH LLC | Sold out | -13.8k |
| Sigma Planning Corp | Sold out | -13.4k |
Biggest calls
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
BuyingSelling
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 1 | $18.0k | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.00% of their portfolio | 1.4m $22.3m | Reduced -55.5k |
| Penserra Capital Management LLC 0.23% of their portfolio | 1.0m $16.6m | Added +29.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 524.8k $8.7m | Added +265.3k |
| Cetera Investment Advisers 0.01% of their portfolio | 522.3k $8.6m | Added +47.3k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 517.7k $8.6m | Reduced -10.0k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.23% of their portfolio | 248.7k $4.1m | Reduced -73.2k |
| STRS OHIO 0.01% of their portfolio | 240.0k $4.0m | Unchanged |
| UBS Group AG 0.00% of their portfolio | 237.3k $3.9m | Added +6.7k |
| Janney Montgomery Scott LLC 0.01% of their portfolio | 183.8k $3.0m | Reduced -2.8k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 176.2k $2.9m | Added +69.3k |
| LPL Financial LLC 0.00% of their portfolio | 147.7k $2.4m | Added +5.9k |
| Consolidated Portfolio Review Corp 0.27% of their portfolio | 119.1k $2.0m | Added +4.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 116.7k $1.9m | Added +10.5k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 81.9k $1.4m | Reduced -1.2k |
| EP Wealth Advisors, LLC 0.01% of their portfolio | 63.3k $1.0m | Reduced -14 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 59.9k $990.3k | Added +14.0k |
| Focus Partners Wealth 0.00% of their portfolio | 45.7k $755.6k | Reduced -4.8k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.05% of their portfolio | 41.5k $685.6k | Reduced -54.9k |
| Calamos Advisors LLC 0.00% of their portfolio | 35.2k $581.1k | Reduced -3.1k |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 34.9k $577.2k | Unchanged |
| SCHNIEDERS CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 32.7k $540.1k | Added +4.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 32.0k $529.7k | Reduced -5.3k |
| Robertson Stephens Wealth Management, LLC 0.02% of their portfolio | 30.9k $510.0k | Added +2.5k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 30.3k $501.1k | Added +1.4k |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 29.7k $491.3k | Added +291 |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 29.3k $484.0k | Reduced -4.4k |
| Euro Pacific Asset Management, LLC 0.02% of their portfolio | 28.2k $233.0k | Added +14.1k |
| Concurrent Investment Advisors, LLC 0.01% of their portfolio | 28.1k $463.9k | Reduced -10.8k |
| Pettinga Financial Advisors LLC 0.10% of their portfolio | 26.6k $439.4k | Reduced -28.5k |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 18.7k $308.7k | Unchanged |
| Beacon Pointe Advisors, LLC 0.00% of their portfolio | 18.4k $304.1k | Reduced -732 |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 18.2k $301.0k | Reduced -2.5k |
| Pallas Capital Advisors LLC 0.01% of their portfolio | 17.0k $281.0k | Unchanged |
| Cassaday & Co Wealth Management LLC 0.01% of their portfolio | 16.7k $276.2k | Added +418 |
| NewEdge Advisors, LLC 0.00% of their portfolio | 16.7k $275.5k | Added +4.7k |
| Silverleafe Capital Partners, LLC 0.10% of their portfolio | 16.6k $274.3k | New |
| Hibernia Wealth Partners, LLC 0.09% of their portfolio | 15.0k $248.3k | New |
| OPPENHEIMER & CO INC 0.00% of their portfolio | 14.9k $246.4k | New |
| Composition Wealth, LLC 0.00% of their portfolio | 14.7k $242.2k | New |
| C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.01% of their portfolio | 13.4k $222.0k | New |
| one8zero8, LLC 0.05% of their portfolio | 12.4k $205.6k | New |
| INTEGRITY WEALTH ADVISORS, INC. 0.14% of their portfolio | 12.3k $202.8k | Reduced -3.8k |
| Keystone Financial Group 0.02% of their portfolio | 12.2k $202.1k | Reduced -532 |
| Waverly Advisors, LLC 0.00% of their portfolio | 12.2k $201.4k | Reduced -583 |
| LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA 0.00% of their portfolio | 12.0k $198.4k | Unchanged |
| Hudson Portfolio Management LLC 0.17% of their portfolio | 10.8k $178.9k | Unchanged |
| NWAM LLC 0.01% of their portfolio | 10.8k $166.7k | Reduced -1.1k |
| Elequin Capital, LP 0.02% of their portfolio | 10.8k $177.9k | Reduced -2.4k |
| BROWN ADVISORY INC 0.00% of their portfolio | 10.4k $171.2k | Added +102 |
| Alteri Wealth LLC 0.07% of their portfolio | 10.2k $168.2k | New |
| Parallel Advisors, LLC 0.00% of their portfolio | 5.2k $86.6k | Added +369 |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 4.7k $77.0k | Unchanged |
| Allworth Financial LP 0.00% of their portfolio | 4.0k $65.4k | New |
| Wilmington Savings Fund Society, FSB 0.00% of their portfolio | 3.7k $61.3k | Added +107 |
| Clearstead Advisors, LLC 0.00% of their portfolio | 2.5k $41.1k | Added +1.0k |
| Colonial Trust Advisors 0.00% of their portfolio | 1.9k $30.6k | New |
| Cullen/Frost Bankers, Inc. 0.00% of their portfolio | 1.8k $30.5k | Unchanged |
| Global Retirement Partners, LLC 0.00% of their portfolio | 1.7k $28.7k | First filing |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 1.7k $28.1k | Added +300 |
| PRIVATE TRUST CO NA 0.00% of their portfolio | 1.1k $18.4k | Unchanged |
| THOMPSON INVESTMENT MANAGEMENT, INC. 0.00% of their portfolio | 1.1k $17.9k | Unchanged |
| OLIVER LAGORE VANVALIN INVESTMENT GROUP 0.01% of their portfolio | 1.0k $15.8k | First filing |
| Ancora Advisors LLC 0.00% of their portfolio | 900 $14.9k | Reduced -200 |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 832 $13.8k | Unchanged |
| JDM Financial Group LLC 0.01% of their portfolio | 758 $12.5k | Added +19 |
| Spire Wealth Management 0.00% of their portfolio | 500 $8.3k | Unchanged |
| LANARK FINANCIAL, INC. 0.00% of their portfolio | 450 $7.0k | Reduced -644 |
| Park Square Financial Group, LLC 0.00% of their portfolio | 385 $6.4k | Unchanged |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 277 $4.6k | Reduced -36 |
| Larson Financial Group LLC 0.00% of their portfolio | 212 $3.5k | New |
| Cape Investment Advisory, Inc. 0.00% of their portfolio | 205 $3.4k | Unchanged |
| North Star Investment Management Corp. 0.00% of their portfolio | 201 $3.3k | Unchanged |
| FWL INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 115 $1.9k | Unchanged |
| PRINCIPAL SECURITIES, INC. 0.00% of their portfolio | 110 $1.8k | Unchanged |
| Investors Research Corp 0.00% of their portfolio | 110 $1.8k | Unchanged |
| Murphy & Mullick Capital Management Corp 0.00% of their portfolio | 110 $1.7k | Unchanged |
| Darwin Wealth Management, LLC 0.00% of their portfolio | 100 $1.7k | Unchanged |
| Blume Capital Management, Inc. 0.00% of their portfolio | 88 $1.5k | Reduced -270 |
| COMERICA BANK 0.00% of their portfolio | 59 $989 | New |
| Decker Retirement Planning Inc. 0.00% of their portfolio | 50 $827 | New |
| US BANCORP \DE\ 0.00% of their portfolio | 14 $231 | New |
| CALDWELL SUTTER CAPITAL, INC. 0.00% of their portfolio | 10 $165 | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 6 $99 | New |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 2 $33 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |