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India Capital Growth Fund Ltd (IGC) Ord GBp0.01

Sell:126.50p Buy:127.00p 0 Change: 1.00p (0.80%)
Market closed Prices as at close on 14 January 2022 Prices delayed by at least 15 minutes | Switch to live prices |
Redemption

India Capital Growth Fund Ltd Ord GBp0.01

Type:
Redemption
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 15 Nov 2021)

What is happening?

 

India Capital offers a Voluntary Redemption Facility whereby Shareholders can elect to redeem any or all of their shares for cash on 31 December 2021. You have two options to consider before our noon Thursday 30 December 2021 deadline.

 

The Redemption Offer

 

The Company has a voluntary redemption facility whereby holders on the register at close of business on 30 September 2021 can redeem all or part of their holdings at an exit discount equal to a maximum of 6% of the Net Asset Value (NAV) of the Fund.

 

What are my options?

 

Option 1 – Redeem a number of Ordinary Shares. If you wish to redeem a number of Shares please give us your instruction by noon Thursday 30 December 2021, at which point any redeemed Shares will be removed from your portfolio. Cash proceeds will be credited to your Account upon receipt, the date for this is yet to be confirmed.

 

Option 2 – Take no action. Shareholders are not obliged to redeem any number of Shares. If you do not return an instruction no Shares will be redeemed on your behalf and your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
Sell:126.50p
Buy:127.00p
Change: 1.00p (0.80%)
Market closed Prices as at close on 14 January 2022 Prices delayed by at least 15 minutes | Switch to live prices |
Redemption

India Capital Growth Fund Ltd Ord GBp0.01

Type:
Redemption
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 15 Nov 2021)

What is happening?

 

India Capital offers a Voluntary Redemption Facility whereby Shareholders can elect to redeem any or all of their shares for cash on 31 December 2021. You have two options to consider before our noon Thursday 30 December 2021 deadline.

 

The Redemption Offer

 

The Company has a voluntary redemption facility whereby holders on the register at close of business on 30 September 2021 can redeem all or part of their holdings at an exit discount equal to a maximum of 6% of the Net Asset Value (NAV) of the Fund.

 

What are my options?

 

Option 1 – Redeem a number of Ordinary Shares. If you wish to redeem a number of Shares please give us your instruction by noon Thursday 30 December 2021, at which point any redeemed Shares will be removed from your portfolio. Cash proceeds will be credited to your Account upon receipt, the date for this is yet to be confirmed.

 

Option 2 – Take no action. Shareholders are not obliged to redeem any number of Shares. If you do not return an instruction no Shares will be redeemed on your behalf and your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
Sell:126.50p
Buy:127.00p
Change: 1.00p (0.80%)
Market closed Prices as at close on 14 January 2022 Prices delayed by at least 15 minutes | Switch to live prices |
Redemption

India Capital Growth Fund Ltd Ord GBp0.01

Type:
Redemption
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 15 Nov 2021)

What is happening?

 

India Capital offers a Voluntary Redemption Facility whereby Shareholders can elect to redeem any or all of their shares for cash on 31 December 2021. You have two options to consider before our noon Thursday 30 December 2021 deadline.

 

The Redemption Offer

 

The Company has a voluntary redemption facility whereby holders on the register at close of business on 30 September 2021 can redeem all or part of their holdings at an exit discount equal to a maximum of 6% of the Net Asset Value (NAV) of the Fund.

 

What are my options?

 

Option 1 – Redeem a number of Ordinary Shares. If you wish to redeem a number of Shares please give us your instruction by noon Thursday 30 December 2021, at which point any redeemed Shares will be removed from your portfolio. Cash proceeds will be credited to your Account upon receipt, the date for this is yet to be confirmed.

 

Option 2 – Take no action. Shareholders are not obliged to redeem any number of Shares. If you do not return an instruction no Shares will be redeemed on your behalf and your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
128.00p
Trade high:
128.00p
Year high:
130.50p
Estimated NAV:
138.57
Previous close:
125.50p
Trade low:
124.00p
Year low:
80.20p
Premium/Discount:
-9.43%
Previous:
3.50p (2.71%)
Previous:
3.50p
Volume:
122,202
Dividend yield:
n/a
Currency:
GBX
Data delayed by at least 15 minutes.

Price

  • Net Asset Value (NAV)
INDIA CAP performance chart

Premium/Discount

INDIA CAP performance chart
Full interactive share price and premium / discount charts

Performance

Not available for this stock.

Trust Basics

Benchmark: S&P BSE Midcap TR INR
Annual management charge: 1.25% of Net Assets
Performance fee: No
Ongoing charge: 1.82%
Dividend yield: n/a
Dividend frequency: None
Total assets: £134m
Gross gearing: 100%
Market capitalisation:Market cap.: £121m
Shares in issue: 112.09 million
Legal structure Closed Ended Investment Company
Domicile: Guernsey
ISIN GB00B0P8RJ60

Dividend information for this stock is not available.

Dividend information for this stock is not available.

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Important Documents



Objective

To provide long term capital appreciation by investing predominantly in listed mid and small cap Indian companies. Investments may also be made in unquoted Indian companies where the Fund Manager believes long-term capital appreciation will be achieved. The Company may hold liquid assets (including cash) pending deployment in suitable investments. It is the Company’s declared policy not to hedge exposure to the Indian Rupee.

NET ASSET VALUE (NAV)

Estimated NAV: 138.57
Latest actual NAV: 138.29
Latest actual NAV date: 13 January 2022
Premium/Discount: -9.43%
12m average Premium/Discount: -11.59%
NAV frequency: Daily

Recent trade data is unavailable. We will be replacing it, however in the meantime the information is available on the London Stock Exchange website.

Security Weight
The Federal Bank Ltd 6.12%
Tech Mahindra Ltd 5.87%
Persistent Systems Ltd 5.26%
Emami Ltd 4.28%
Welspun India Ltd 4.24%
Ramkrishna Forgings Ltd 4.08%
PI Industries Ltd 4.04%
IndusInd Bank Ltd 3.99%
IDFC First Bank Ltd 3.68%
Dixon Technologies (India) Ltd 3.44%
Sector Weight
Financial Services 18.75%
Consumer Cyclical 16.02%
Basic Materials 14.58%
Technology 14.57%
Industrials 13.32%
Consumer Defensive 9.63%
Healthcare 5.71%
Communication Services 2.85%
Utilities 2.57%
Energy 1.98%
Country Weight
India 100.00%

Key Dates

Launch date: 22 December 2005
Financial year end: December
Next AGM: July 2022
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by NBTrader. Charts provided by Factset. Dividend data provided by Digital Look. Recent trade data provided by MoneyAM. Trust basics, holding data, key dates, objective and NAV provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.