In the Media
Portfolio Adviser: What should investors expect ahead of India’s marathon election?
India’s marathon election has a voting period that takes place over six weeks, which started on 19th April 2024. Gaurav Narain, portfolio adviser of the India Capital Growth Fund says: “The Modi-led BJP is expected to win. The main question is how strong would the mandate be? In the previous election in 2019, the BJP won 303 of 543 seats. Their target in this election is 370 seats.
FT Advisor: What can change the outlook for emerging markets?
A combination of factors have resulted in sentiment towards emerging market assets being extremely weak, but a number of fundamental factors may be changing that, according to Emily Whiting, executive director at JPMorgan Asset Management. In contrast to pessimism around China, Whiting says investors are now particularly keen on India.
Gaurav Narain, who runs the India Capital Growth investment trust, offers his thoughts.
Wealth Briefing: Five Top Tips for Investors Ahead of Indian Elections
Voting begins on April 19th and is set to continue until June 1st. Wealth Briefing, along with Gaurav Narain, portfolio advisor of the India Capital Growth Fund and co-head of equities at Ocean Dial Asset Management, has highlighted this week that Indian prime minister Narendra Modi is a firm favourite to win, with two successful terms under his belt.
Wealth Briefing: Playing India’s Growth Story
Coinciding with recent Diwali celebrations in the Indian Community in the UK, Tom Burroughes speaks to India Capital Growth’s Guarav Narain about how India is a promising country to invest in and about the investment philosophy of the fund.
Interactive Investor: Top 10 most-popular investment trusts
Interactive Investor ranked ICGF as the 6th most popular investment trust of November 2023. Kyle Caldwell points out that the fund’s one- and three-year returns are the highest among the top 10 investment trusts listed.
Interactive Investor: Why I picked Vietnam and ditched China
Ian Cowie notes his transition from Chinese investments towards India and Vietnam due to ethical concerns and growth opportunities. He explains that he diversified his India exposure by buying into ICGF in 2021, following JPMorgan Indian Ord JII weak performance. Cowie also compares JII to ICGF, highlighting ICGF’s greater returns.
Funds Europe: Emerging markets – India the safest haven of the BRICS?
Since the acronym was coined, much has changed in some of the countries that make up the ‘BRICS’. Piyasi Mitra considers why India may be the standout.
CityWire: The global investment trusts I can’t beat.
In this CityWire article, experienced investor David Kempton names India Capital Growth as a long-term investment of his and praises the ability of the fund’s mid-cap focus to reap the rewards of India’s domestic economy.
Professional Wealth Management: India shines through emerging market gloom
Elliot Smither speaks with David Cornell and examines the attractiveness of India as an independent investment, as well as an alternative to China.
QuotedData: ‘India Capital Growth – The show must go on’
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.
WI Daily: Are you brave enough to invest in India?
In the latest WI Daily, editor-in-chief, Lawrence Gosling looks at the investment case for India and the reasons to be bullish.
i news: India Capital Growth Fund may be small but it’s mighty
Investment bank Jefferies recently said that India’s economic cycle suggests conditions are ripe for annual economic growth of between 8 per cent to 9 per cent over coming years
Wealth Briefing – What does India have to offer investors in 2021?
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.
Investment Week – AIC consults on creating China and India sectors
The AIC considers whether to create China and India specific sectors as they continue to be under-represented in the investment company universe.
Trustnet – After a difficult Covid-19, could the Indian economy join in the global recovery?
Speaking with Trustnet, David Cornell gives his outlook on the Indian economy and highlights some key growth areas.
InvestmentEurope – Ocean Dial appoints co-head of Equity
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.
FE Trustnet – Biggest buying opportunity in India since 2013, says Ocean Dial’s Cornell
Could this be the biggest buying opportunity since 2013? FE Trustnet speaks to David Cornell about timing your entry.
FundEye – Has India’s history of high-growth become a hindrance to investment?
Looking closely at India’s prospects for investors, FundEye speaks to David Cornell about the impact of recent reforms and his long-term outlook.