Why is the India Equities Fund Ltd share price less than the NAV?
A. This is known as the share price selling at a “discount to the NAV”. Most Listed Investment Companies (LICs) trade at a discount at some stage. This may occur for several reasons that include, but not limited to, an indication that market anticipates the underlying assets in a company will dip in value, a temporary market over-reaction, or effects of expected dividend yield.
