The objective of the Company is to achieve capital growth from investments in India. It aims to outperform the MSCI India Index (expressed in sterling terms). In order to achieve its objective, the Company invests in a diversified portfolio of equity and equity-related securities of Indian companies and employs a Manager with a strong focus on research and asset of the Company. The Board has sought to manage the risk by imposing various investment limits and restrictions. These limits and restrictions may be varied at any time by the Board at its discretion.
Management fee of 0.75% of NA on the first GBP 300m and 0.6% thereafter. Contract terninable on notice period of 12 months.
Intention is to distribute substantially all of the net income of Company (if any) after expenses for each year ending 30th September in the form of a single dividend in December of each year. However, in view of the objective of capital growth and the low yields available in Indian stock markets, it is unlikely that the Company will earn any net income or pay dividends.