India Capital Growth Fund Limited
IGC.L
London Stock Exchange171.00
GBp
+5.50
(-1.96%)
India Capital Growth Fund Limited
IGC.L
(London Stock Exchange)
Recent
price
171.00
P/E
ratio
-16.91
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- India Capital Growth Fund Limited is a closed-ended investment company focused on delivering long-term capital appreciation through investments in Indian equities. Incorporated in Guernsey in 2005 with headquarters in Saint Peter Port, the company primarily targets listed mid- and small-cap companies in India, alongside selective large-cap and unlisted opportunities; its portfolio spans financial services, industrials, consumer cyclical, technology, basic materials, consumer defensive, healthcare, and communication services sectors, investing in quoted Indian companies and those deriving material revenues from India or its subcontinent. The fund maintains a diversified portfolio of approximately 38 equity holdings with total assets under management of around £165 million, listed on the London Stock Exchange under ticker IGC.L, and employs an annual management charge of 1.25% with an ongoing charge of 1.59%; it has the capacity for up to 25% gearing but has not utilized borrowing to date, prioritizing capital growth over income distribution. Managed initially by Ocean Dial Asset Management Limited—which was acquired by Avendus Capital in 2017—the fund recently transitioned oversight with River Global Investors serving as Alternative Investment Fund Manager, alongside recent redemption requests in December 2025 covering 20.1% of issued ordinary shares excluding treasury holdings, reflecting ongoing capital structure adjustments amid market dynamics.