India Capital Growth Fund - Update from QuotedData

26 February 2026

Some welcome improvements

India Capital Growth Fund (IGC) is asking shareholders to approve replacing its biennial (every other year) redemption facility with five-yearly performance-based tender offers. This change aims to help the adviser take a longer-term approach to investments.

The board also plans to introduce a new dividend policy, paying out about 2% of NAV as a dividend, with the aim to grow this over time if possible. Shareholders who prefer to reinvest rather than receive income can use a dividend reinvestment plan.

We support both proposals and encourage shareholders to vote in favour at the EGM on 25 March 2026.

The board has also changed IGC's performance benchmark to the MSCI India SMID Index, which better reflects IGC's portfolio than the previous BSE Mid Cap Index. This change took effect from 1 January 2026 and does not require shareholder approval.

Full Research:

https://quoteddata.com/research/india-capital-growth-fund-some-welcome-improvements-qd/

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