With Covid cases in India dropping below 11,000 a day and the economy fully re-open, Fundeye looks at the investment opportunity as the government works towards reviving growth.
Speaking with International Adviser, David Cornell highlights why India has been overlooked by many as an investment destination and why he believes that it is set to deliver a positive shock to investors over the coming period.
“Reforms to sweep away crony capitalism have meant disruption, but India is now a cleaner place to do business for international investors.” Letter in response to FT Editorial from Ocean Dial
With 2021 just around the corner, David Cornell looks forward to the opportunities that lie ahead, and reflects on what has been a tumultuous year both for India and for the rest of the world.
Speaking with Trustnet, David Cornell gives his outlook on the Indian economy and highlights some key growth areas.
The AIC considers whether to create China and India specific sectors as they continue to be under-represented in the investment company universe.
Investment Week looks at how India’s performance year-to-date and considers the factors that have aided its recovery.
David Cornell examines the case for investing in India as the country rebuilds from the coronavirus crisis
Speaking on AJ Bell’s Money & Markets podcast, David Cornell discusses the investment opportunities in India (from 26:30 minutes in)
Writing for Investment Week, David Cornell offers a view on why investors would do well to consider allocations to single country India funds.
‘The last six months have probably been the most active in the fund’s history’ – CityWire reports on India Capital Growth Fund’s key portfolio changes and improving performance since the start of the pandemic.
UK Investor Magazine’s podcast features David Cornell. They talk investing during the Covid pandemic, India’s digital scene and the country’s recovery prospects compared with its EM peers.
This is Money looks back on the last decade at how the BRICS nations have fared and their prospects now. David Cornell offers his thoughts on India’s progress and current outlook for investors.
Writing for Investment Week, David Cornell examines recent supply chain disruption and how India could benefit from a new global order.
As Indian mid and small cap equities near 15 year lows, David Cornell speaks to FE Trustnet about the potential upside for India Capital Growth Fund.
CityWire outlines the details of India Capital Growth Fund’s upcoming continuation vote and the board’s proposals for the company’s future.
Morningstar reports on the news of India Capital Growth Fund’s continuation vote at an EGM on 12 June, and its 11% rise in share price on the day of the announcement.
CityWire reports on the Board of India Capital Growth Fund’s decision to bring forward a shareholder continuation vote, with the Extraordinary General Meeting scheduled for 12 June.
David Cornell discusses India’s handling of the Covid-19 crisis so far, and looks ahead to the opportunities that could arise.
After a difficult 18 months for India characterised by a liquidity crisis, a national election and implementation difficulties as a result of key structural reforms, low valuations mean that opportunities are starting to arise. Writing for International Investment, David Cornell examines the upside potential and the importance of entering at the bottom of the market.
In our second instalment with International Adviser, David Cornell looks at the role of politics when fostering an economic recovery in India.
Could this be the biggest buying opportunity since 2013? FE Trustnet speaks to David Cornell about timing your entry.
Looking closely at India’s prospects for investors, FundEye speaks to David Cornell about the impact of recent reforms and his long-term outlook.
Speaking with Expert Investor, David Cornell looks at the ‘mismatch between backward-looking indicators and the likely near term trajectory of the economy’, and the opportunities that this could open up for investors.
Investment Week continues the Diwali celebrations by taking a closer look at India and what it can offer investors.
Against the festive backdrop of Diwali, This is Money puts the spotlight on India, speaking to David Cornell about the current opportunities there and where he is currently seeing value.
InvestmentEurope picks up on the news of Ocean Dial Asset Management, manager of ICGF, bolstering their management team with a new co-head of Equity.
The managers of ICGF announce that they will be strengthening their management team, reported here in Investment Week.
India Capital Growth Fund’s management team announces that it is strengthening its team, with the addition of Tridib Pathak who will join as co-Head of Equities alongside Gaurav Narain.
Shares Magazine examines India’s recent corporate tax cuts, speaking to David Cornell about the implications this may have for investors’ faith in the country.
In this interview with Rediff.com, David Cornell offers his thoughts on Modi’s reputation as a ‘reformer’, why India is an attractive destination for investors, and where he is currently seeing value in the market.
Speaking to Fundeye, David Cornell discusses the investment process for the Trust and offers his outlook for India in light of the recent slowdown.
In The Daily Mail’s Trust Watch, Charles Armstrong, Portfolio Director at Cazenove Capital, offers his views on India Capital Growth Fund and the type of manager he looks for to tap into India’s growth story.
Following the announcement of corporate tax rate cuts in India, David Cornell offers his thoughts on the matter and how both the country and India Capital Growth Fund can benefit from this reduction.
Whilst a slowdown in India has dampened investor enthusiasm for the country, value investors are looking for opportunities. David Cornell speaks to Morningstar regarding his top stock picks and what he will be avoiding.
In this podcast, David Cornell speaks to Investor’s Champion to discuss the India investment case and explain the best way for investors to make money in this exciting market.
How important is India’s economy for global investors? Writing for Investment Week, David Cornell makes a case for the world’s fastest growing large economy.
In this short video, Gaurav Narain, Fund Adviser for ICGF, talks to Citywire’s Investment Trust Insider, touching on the outlook for India in the midst of the US-China trade war, and the country’s key growth drivers.
On the back of Reliance Industries’ announcement that Saudi Aramco will be buying a 20% stake in its business, David Cornell, Fund Manager of ICGF, talks to International Adviser about India’s largest foreign investment and what this could mean for the economy.
Speaking with Money Observer, David Cornell, Fund Manager of ICGF, looks at the prospects for investors in Modi’s India 2.0
Investor’s Champion examines the catch-up potential of India as it is poised for rapid growth, selecting India Capital Growth Fund as one of its ‘top three’ for gaining exposure.
‘Day by day, little by little India is becoming a better organised economy’ – David Cornell, Fund Manager of India Capital Growth Fund, offers his thoughts on Modi’s India
Speaking with David Cornell, Fund Manager of India Capital Growth Fund, FE Trustnet explores the historical performance of ICGF and why its performance since launch may be misleading.
Speaking with Private Banker International, David Cornell, Fund Manager of ICGF, offers his views on Modi’s re-election and what we can expect from his second term in office.
Following Modi’s landslide victory in the recent elections, Lucy White investigates the investment opportunities in India and speaks to David Cornell, Fund Manager of ICGF, about the key tasks that lie ahead for Modi if he is to ensure the country’s continued growth.
On the eve of the results announcement for the Indian elections, David Cornell, Fund Manager of ICGF, provides his thoughts on the nature of Modi’s campaign and whether he has done enough to secure his place as Prime Minister once again.
The result of the exit polls caused a rally in the Indian stock markets and boosted investor sentiment. However, in conversation with Reuters, David Cornell, Fund Manager of ICGF, cautions that Modi needs to do more if the economy is to continue on an upward trajectory.
Speaking with Avantika Chilkoti from the Wall Street Journal, David Cornell offers his views on the outcome of the exit polls and how a second consecutive BJP victory might impact India.
With the exit polls suggesting a victory for the BJP and a second term in office for Narendra Modi, the Indian stock market has rallied. David Cornell, Fund Manager of ICGF, speaks to the Financial Times about what has already been done to boost economic growth in the country and what we need to see more of in the future.
In his piece for the FT Adviser David Cornell, fund manager of India Capital Growth Fund, gives his view on the upcoming Indian elections and why a shock result could make for an exciting ‘buy’ opportunity.
Speaking at a recent election briefing, David Cornell, Fund Manager of ICGF, suggests that there will be opportunities for foreign investors in India whatever the elections outcome.
Investment Week’s Bull & Bear section featured commentary from David Cornell, Fund Manager of India Capital Growth Fund, discussing the Indian election and why growth looks set to continue no matter what the outcome.
With voting in full swing and election results on 23rd May, India has the potential to offer up some exciting investment opportunities on the back of market volatility. David Cornell, CIO of India Capital Growth Fund, talks to Investment Week about the possible impact of the election result.
Ahead of the May elections, David Cornell, CIO of India Capital Growth Fund, offers his thoughts on Modi’s momentum and the potential impact on the market should he suffer a defeat.
David Cornell, CIO of India Capital Growth Fund, talks to MoneyWeek about his top Indian stock picks and how to tap into them.
In the wake of a slowdown in economic growth in China, India is emerging as a crucial contributor to global growth. David Cornell, Fund Manager of India Capital Growth Fund, speaks to The Telegraph about its potential.
David Cornell, Fund Manager of India Capital Growth Fund, speaks to International Adviser about the appeal of the Indian market and small and mid-cap stocks.
Following the shock resignation of Urjit Patel, former Governor of the Reserve Bank of India, Gaurav Narain, Fund Adviser for ICGF, discusses the possible factors that led to this event and what it means for the Fund.
David Cornell, Fund Manager of India Capital Growth Fund, talks to Citywire’s Vicky Mckeever about India’s economy in light of the fall in oil price and touches on top buys for the fund.
In this podcast with the Investors Chronicle, David Cornell, CIO of ICGF, discusses India and the best growth opportunities in the Indian market.
Andrew van Sickle of MoneyWeek highlights India Capital Growth as its ‘one to watch’, its small and mid cap focus offering higher long-term returns than its large cap focused peers.
Gaurav Narain, Fund Adviser for India Capital Growth, talks to FE Trustnet about the recent market volatility in India, highlighting the importance of a strong investment strategy when it comes to stock picking.
David Cornell, Chief Investment Officer at Ocean Dial Asset Management and manager of India Capital Growth Fund, discusses the performance of Indian equities ahead of the 2019 general election and in the context of other global factors in this article for Investment Week.
Merryn Somerset Webb of the Financial Times discusses India’s growth potential and recommends India Capital Growth as the most interesting fund to gain access to the market at present.
Jeff Prestige, columnist at “This is Money” has been talking with Nick Greenwood, Fund Manager of Miton Global Opportunities, an investment trust listed on the London Stock Exchange. Greenwood has been topping up his second largest holding, India Capital Growth Fund and remarked, “At some stage, this market judgment will move from negative to positive, which will result in a rerating of the company’s shares… India Capital Growth is being judged on its indifferent long-term investment track record rather than that delivered by the current manager who has turned things around. He also goes on to say, “the company’s performance has been rejuvenated in recent years by new managers Ocean Dial Asset Management”. But the market, he says, “has yet to appreciate this resulting in its shares trading at a big 17 per cent discount.”
David Brenchly, reporter at Morningstar, writes about the opportunity for investors in India, “Albert Einstein is said to have called compound interest the eighth wonder of the world and Warren Buffett holds it as one of the biggest factors behind his incredible investment success. Compounding should certainly be a big consideration for any investor.” David Cornell, chief investment officer at Ocean Dial, which runs the India Capital Growth Trust (ICG), adds “Stocks in India can compound between 15-20% every year for donkey’s years.
Evening Standard – Fund Stars – 26/07/2018
Matthew Bow of the Evening Standard discusses recent activity in the India Capital Growth Fund with fund adviser, Gaurav Narain, Head of Equities at Ocean Dial Asset Management. Gaurav comments “Indian shares were overvalued three months ago…most stocks have come off by almost 25% to 30% over the last few months. The Sensex and the Nifty have gone up, but the small and mid-cap are down by 13-14% so really the top five stocks in India are driving the market up.”
Ian Cowie refers to India Capital Growth (IGC) Fund as one of a handful of investment trusts he holds in high esteem, referring also to the Fund’s new marketing and distribution partner, Frostrow Capital. Ian is very complimentary of Frostrow Capital and their selection of high calibre clients in the closed-ended space.
Marten & Co provide an update on India Capital Growth Fund, highlighting the Portfolio’s uptick in earnings growth post the disruption of both demonetisation and GS. Gaurav Narain, investment adviser to IGC says “we could see companies in the portfolio reporting average earnings growth of at least 20% per annum for the 2019 and 2020 fiscal years.”
Jonathan Jones, reporter at Trustnet has been speaking with CIO of Ocean Dial, David Cornell, Fund Manager of the five FE Crown-rated India Capital Growth Fund. Cornell says investors should buy into India before the election next year to take advantage of opportunities, “because real interest rates are positive and because it is now hard to hide cash on which tax has not been paid and because bond yields are down there is a bucket load of money pouring into the equity market .”
Jonathan Jones, reported at Trustnet has been speaking with CIO of Ocean Dial, David Cornell, Fund Manager of the five FE Crown-rated India Capital Growth Fund. Cornell says investors should buy into India before the election next year to take advantage of opportunities, “because real interest rates are positive and because it is now hard to hide cash on which tax has not been paid and because bond yields are down there is a bucket load of money pouring into the equity market .”
Investment Week’s Jayna Rayna has been speaking with Ocean Dial’s CIO, David Cornell, manager of the India Capital Growth Fund. Cornell says “structural reform and technological revolution in India have led to a change in traditions and cultural behaviours, which in turn is having a positive impact on the country’s economic climate and outlook for equities…the traditional management culture of an Indian family would be for it to extract wealth from its business and not worry about what multiple the stock is trading on,” he said. “These days that has changed, particularly in the small and mid-cap market”, an area of focus for the India Capital Growth Fund.
David Cornell, Chief Investment Officer at Ocean Dial Asset Management and manager of India Capital Growth Fund, discusses the opportunity for investors in India. Cornell emphasises the importance of having a team “on the ground” who understand the local market, “They certainly should not miss India, which is the world’s sixth-largest economy with a population of 1.3 billion, second only to China. The economy is growing at around 7% a year (the UK is managing 1.8%) and the Indian stockmarket boasts more than 5,000 listed companies compared with the 2,600 in the UK.
Maitane Sardon, a reporter at FE Trustnet, highlights that India Capital Growth Fund is now trading on a double digit discount despite having delivered the best returns over three years, according to research by FE Trustnet. India Capital Growth Fund holds the maximum number of FE Crowns that can be awarded.