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

Sell:118.50p Buy:121.50p 0 Change: 0.50p (0.42%)
Market closed Prices as at close on 22 September 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:118.50p
Buy:121.50p
Change: 0.50p (0.42%)
Market closed Prices as at close on 22 September 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:118.50p
Buy:121.50p
Change: 0.50p (0.42%)
Market closed Prices as at close on 22 September 2021 Prices delayed by at least 15 minutes | Switch to live prices |
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

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.
Security Weight
The Federal Bank Ltd 5.88%
Emami Ltd 5.44%
Tech Mahindra Ltd 4.65%
Ramkrishna Forgings Ltd 4.65%
PI Industries Ltd 4.44%
IndusInd Bank Ltd 4.37%
Welspun India Ltd 3.89%
Kajaria Ceramics Ltd 3.76%
Persistent Systems Ltd 3.72%
Sagar Cements Ltd 3.42%
Sector Weight
Financial Services 19.66%
Basic Materials 15.83%
Industrials 14.19%
Consumer Defensive 13.17%
Consumer Cyclical 12.46%
Technology 10.92%
Healthcare 6.20%
Utilities 2.87%
Communication Services 2.36%
Energy 2.34%
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, Peter Niven, Patrick Firth, Lynne Duquemin

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'.