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About the company
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's investment manager is Ocean Dial Asset Management Limited.
- Revenue in GBP (TTM)415.00k
- Net income in GBP-8.47m
- Incorporated2005
- Employees0.00
- LocationIndia Capital Growth Fund Ltd1 Royal Plaza, Royal AvenueSAINT PETER PORT GY1 2HLGuernseyGGY
- Websitehttps://www.indiacapitalgrowth.com
Profile
| Management group(s) | RGI Fund Management Limited |
|---|---|
| AIC sector | India/Indian Subcontinent |
| ISIN | GB00B0P8RJ60 |
| Launch date | 22 Dec 2005 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
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.
Managed by
| Gaurav Narain |
|---|
Management & contract fees
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.
Peer analysis
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| India Capital Growth Fund Ltd | 415.00k | -8.47m |
| abrdn European Logistics Income PLC | 36.00m | 7.21m |
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| Record Plc | 39.70m | 7.89m |
| Artemis UK Future Leaders PLC | -20.85m | -22.91m |
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Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| Hargreaves Lansdown Asset Management Ltd.as of 28 Feb 2025 | 16.63m | 24.70% |
| Interactive Investor Services Ltd.as of 28 Feb 2025 | 14.84m | 22.05% |
| AJ Bell Asset Management Ltd.as of 28 Feb 2025 | 5.40m | 8.02% |
| West Yorkshire Pension Fundas of 31 Mar 2025 | 4.76m | 7.08% |
| J. M. Finn & Co. Ltd.as of 28 Feb 2025 | 3.95m | 5.87% |
| Raymond James Wealth Management Ltd. (Investment Management)as of 28 Feb 2025 | 2.85m | 4.23% |
| BlackRock Investment Management (UK) Ltd.as of 30 Jan 2026 | 1.22m | 1.82% |
| Vanguard Asset Management Ltd.as of 30 Nov 2025 | 575.96k | 0.86% |
| Legal & General Investment Management Ltd.as of 31 Dec 2025 | 204.88k | 0.30% |
| Geode Capital Management LLCas of 30 Nov 2025 | 126.40k | 0.19% |
