India has attracted a lot of attention over 2021 as it has outperformed even the US, despite suffering from one of the deadliest waves of the COVID-19 pandemic earlier this year. Combined with improved stock selection and its new investment policy, India Capital Growth (IGC) has also seen its performance shine through. The adviser, Gaurav Narain, highlights the start of a new economic cycle and the returning of profitability to Indian corporates, which had previously been at all-time lows. Meanwhile India is also benefiting from extra capital via the China Plus One strategy (a strategy where companies seek to diversify their supply chains beyond China so as to reduce risk – see page 7) and a government that is now prioritising growth over reform and giving extra support to private companies. These developments are particularly timely as IGC can enjoy increasing traction ahead of its redemption vote at the end of the year (see page 5).
08 Dec 2021
The show must go on
Sign up for free to access
Get access to the latest equity research in real-time from 12 commissioned providers.
Get access to the latest equity research in real-time from 12 commissioned providers.
The show must go on
India Capital Growth Fund Limited (IGC:LON) | 164 -3.3 (-1.2%) | Mkt Cap: 143.0m
- Published:
08 Dec 2021 -
Author:
James Carthew | Matthew Read | Jayna Rana -
Pages:
27
India has attracted a lot of attention over 2021 as it has outperformed even the US, despite suffering from one of the deadliest waves of the COVID-19 pandemic earlier this year. Combined with improved stock selection and its new investment policy, India Capital Growth (IGC) has also seen its performance shine through. The adviser, Gaurav Narain, highlights the start of a new economic cycle and the returning of profitability to Indian corporates, which had previously been at all-time lows. Meanwhile India is also benefiting from extra capital via the China Plus One strategy (a strategy where companies seek to diversify their supply chains beyond China so as to reduce risk – see page 7) and a government that is now prioritising growth over reform and giving extra support to private companies. These developments are particularly timely as IGC can enjoy increasing traction ahead of its redemption vote at the end of the year (see page 5).