INDIA CAPITAL GROWTH FUND LIMITED (IGC) — Quarterly Investment Update

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the INDIA CAPITAL GROWTH FUND LIMITED investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and could be submitted at any time via the q and a tab situated on the right hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. I'd now like to hand you over to Lucy Draper. Good morning. Good morning, everyone, and thank you for joining us today for the q three q three India Capital Growth Fund update. My name is Lucy Draper, and I'm joined by principal adviser to the fund, Gaurav Narain. Just as a quick recap, INDIA CAPITAL GROWTH is a London listed Guernsey domiciled investment company investing in small and mid cap Indian equities listed on the Indian stock exchanges. So it's been an interesting quarter for the company. We announced our first interim dividend of 1.9 per ordinary share to be paid on the October 30. And we've also introduced a dividend reinvestment plan, allowing you to use your cash dividends to buy new shares through a special dealing arrangement. Shareholders can see further information on the dividend section. It's also been an interesting quarter for the investment team. Long term structural growth story continues, but there's been a clear divergence between large and small cap stocks. The solid returns on the portfolio have been driven by high growth in the small and mid cap sector. On that note, I'll pass over to Gaurav for a detailed update of the market and p...