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

India Capital Growth Fund Limited is a closed-ended investment company. The Company’s investment objective is to provide long-term capital appreciation by investing in companies based in India. The investment policy permits the Company to make investments in a range of Indian equity and equity-linked securities and predominantly in listed mid and small cap Indian companies with a smaller proportion in unlisted Indian companies. The investment may also be made in cap listed Indian companies and in companies incorporated outside India which have significant operations or markets in India. The Company has the flexibility to invest in bonds, including non-investment grade bonds, convertibles and other types of securities. The Company invests in various sectors, such as financials, materials, consumer discretionary, consumer staples, industrials, information technology, health care, and communication services. The Company's investment manager is Ocean Dial Asset Management Limited.

The Company aims to achieve long term capital growth from investments in India and its subcontinent. The Company will invest in a diversified portfolio of quoted Indian companies and companies that earn a material part of their revenues from India. Returns are principally determined by the performance of the investments made by the Company. The Company has the ability to use borrowing to gear the portfolio to up to 25% of net assets. Gearing may magnify gains or losses experienced by the Company. To date the Company has not used its borrowing authority. Income distribution is not expected given the capital growth objective of the Company.

• Ongoing charge1.59%
• Annual management charge1.25% of Net Assets
• Performance feeNo

Management fee 1.25% p.a. of the lower of total assets or market capitalisation. The Agreement continues in force until determined by the Investment Manager or the Company giving not less than 12 months notice.