Research on the Company

Marten & Co.
Shore Capital

Marten & Co.

Marten & Co Ltd provides non-independent research for ICGF

Indian powerhouse

IGC’s NAV is up 28.8% since our last note was published on 23 March 2016 (its price is up 20.1%) yet, in recent weeks, its discount has widened to 20.4%. There is no good reason why the discount should be widening, in our view.

July 2016

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Compounding machine

India has one of the fastest growing economies in the world and India Capital Growth (IGC), the only London listed fund with a portfolio of predominantly small and mid-cap Indian companies, is positioned to benefit from that growth. The investment adviser likens the fund to a “compounding machine”. He aims to identify reasonably rated but growing, cash-generative companies that reinvest their cash flow and hold them until their rating is no longer justified by their growth prospects.

March 2016

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Shore Capital

Shore Capital Stock Brokers Ltd (previously Stockdale Securities Limited) acts as a broker and adviser and provides non-independent research for ICGF

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