We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

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

Sell:175.00p Buy:177.00p 0 Change: 2.00p (1.14%)
FTSE All Share:0.18%
Market closed |  Prices as at close on 3 November 2025 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:
Client deadline
Details (last updated 10 Oct 2025)

India Capital Growth Fund Ltd have announced details of an optional redemption facility whereby shareholders as of close of business on 29 August 2025 can elect to redeem all or part of their holding.

 

The company will create a redemption pool consisting of cash and assets, which will be realised to fund the redemption facility. The redemption price will be announced on 8 December 2025, and will be calculated by dividing the cash amount generated by realising the redemption pool’s assets (minus a 3% Exit Discount) by the number of shares redeemed under the offer. As such we will not be able to confirm the price the shares will be redeemed at in advance.

 

If you don’t want to redeem any shares, you don’t need to do anything. If you do not return an instruction, then no shares will be redeemed on your behalf and your holding will remain unchanged.

 

Redeem your shares – Act by noon on Thursday 27 November 2025

Any shares you ask to redeem will be removed from your portfolio from 27 November 2025. It is expected that you’ll receive cash from shares successfully redeemed from 15 December 2025.

 

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:175.00p
Buy:177.00p
Change: 2.00p (1.14%)
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
Market closed |  Prices as at close on 3 November 2025 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:
Client deadline
Details (last updated 10 Oct 2025)

India Capital Growth Fund Ltd have announced details of an optional redemption facility whereby shareholders as of close of business on 29 August 2025 can elect to redeem all or part of their holding.

 

The company will create a redemption pool consisting of cash and assets, which will be realised to fund the redemption facility. The redemption price will be announced on 8 December 2025, and will be calculated by dividing the cash amount generated by realising the redemption pool’s assets (minus a 3% Exit Discount) by the number of shares redeemed under the offer. As such we will not be able to confirm the price the shares will be redeemed at in advance.

 

If you don’t want to redeem any shares, you don’t need to do anything. If you do not return an instruction, then no shares will be redeemed on your behalf and your holding will remain unchanged.

 

Redeem your shares – Act by noon on Thursday 27 November 2025

Any shares you ask to redeem will be removed from your portfolio from 27 November 2025. It is expected that you’ll receive cash from shares successfully redeemed from 15 December 2025.

 

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:175.00p
Buy:177.00p
Change: 2.00p (1.14%)
Market closed |  Prices as at close on 3 November 2025 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:
Client deadline
Details (last updated 10 Oct 2025)

India Capital Growth Fund Ltd have announced details of an optional redemption facility whereby shareholders as of close of business on 29 August 2025 can elect to redeem all or part of their holding.

 

The company will create a redemption pool consisting of cash and assets, which will be realised to fund the redemption facility. The redemption price will be announced on 8 December 2025, and will be calculated by dividing the cash amount generated by realising the redemption pool’s assets (minus a 3% Exit Discount) by the number of shares redeemed under the offer. As such we will not be able to confirm the price the shares will be redeemed at in advance.

 

If you don’t want to redeem any shares, you don’t need to do anything. If you do not return an instruction, then no shares will be redeemed on your behalf and your holding will remain unchanged.

 

Redeem your shares – Act by noon on Thursday 27 November 2025

Any shares you ask to redeem will be removed from your portfolio from 27 November 2025. It is expected that you’ll receive cash from shares successfully redeemed from 15 December 2025.

 

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.

×
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
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.

Objective

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.
Security Weight
Skipper Ltd 5.21%
Dixon Technologies (India) Ltd 5.11%
Neuland Laboratories Ltd 5.09%
RBL Bank Ltd 4.89%
Multi Commodity Exchange of India Ltd 4.83%
The Federal Bank Ltd 4.45%
Affle 3i Ltd 4.06%
Emami Ltd 3.63%
IDFC First Bank Ltd 3.42%
CCL Products (India) Ltd 3.29%
Sector Weight
Financial Services 24.85%
Industrials 20.59%
Consumer Cyclical 16.39%
Technology 10.30%
Basic Materials 8.82%
Consumer Defensive 8.16%
Healthcare 6.82%
Communication Services 4.06%
Country Weight
India 100.00%

Fee Structure

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.

Dividend Policy

In view of the comparatively low yields available in India, the Directors do not expect income (net of expenses) to be significant and do not currently expect to declare any dividends. In the event that net income is significant, the Directors may consider the distribution of net income in the form of dividends. Dividends, if any, are expected to be paid in GBX.

ASSET SPLIT

Total number of holdings: 38.

Trust Manager

Gaurav Narain

Manager Bio

Gaurav Narain joined the Group in November 2011, having been immersed in the Indian equity markets for the previous 18 years. He has held senior positions as both a fund manager and an equities analyst in New Horizon Investments, ING Investment Management India and SG (Asia) Securities India. He holds a Masters degree in Finance and Control and a Bachelor of Economics degree from Delhi University.

Board Of Directors

Elisabeth ScottChairman, Patrick Firth, Lynne Duquemin, Nick Timberlake

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. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are 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'.