Fact sheet: India Cap Grwth

Fund information
Fund name
India Capital Growth
Fund manager company
Ocean Dial Asset Management
Fund type
Investment Trust
Fund manager
  • David Cornellsince 01/01/2010
Fund objective
To provide long term capital appreciation by investing predominantly in listed mid and small cap Indian companies. Investments may also be made in large cap Indian companies where the Fund Manager believes long-term capital appreciation will be achieved. The Company may hold liquid assets (including cash) pending deployment in suitable investments. It is the Company’s declared policy not to hedge the exposure to the Indian Rupee.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
22.2%
1 Year rank in sector
5/8
Sector
IT Country Specialists Asia Pacific
Yield
-
Fund size
£81m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
122
Mid price
72.125
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
89.82
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-19.70
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
100
Top in this sector
Fund name1 Year
VinaCapital Vietnam Opp57.6%
Fidelity China Spec Sits Plc32.5%
Abrdn New Thai IT PLC32.3%
Vietnam Ent Inv23.9%
India Cap Grwth22.2%
...more in IT Country Specialists Asia Pacific

Performance snapshot

Holdings snapshot

  • India94.5%
    Money Market5.5%
  • Financials28%
    Materials17.8%
    Consumer Discretionary17.2%
    Industrials10.6%
    Consumer Staples9.4%
  • Indian Equities94.5%
    Money Market5.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-13.1%1.4%17.8%22.2%123.6%94.9%
Sector-6.8%1.1%24.3%31.2%75.4%113.2%
Rank within sector7 / 84 / 85 / 85 / 81 / 84 / 8
Quartile4th2nd3rd3rd1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund18.2%1%70.1%-14.5%23%
Sector29%-1%35.8%2.9%25.8%
Rank within sector6 / 84 / 81 / 88 / 84 / 8
Quartile3rd2nd1st4th2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
11.84
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.96
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
1.38
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
21.85
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
16.66
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.56
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.39
Price movement
52 week high83
52 week low55.75
Current bid price71.25
Current offer price73
Current mid price72.13
Region
1India94.5%
2Money Market5.5%
Industry sector
1Financials28%
2Materials17.8%
3Consumer Discretionary17.2%
4Industrials10.6%
5Consumer Staples9.4%
6Health Care7.1%
7Money Market5.5%
8Information Technology4.4%
Asset type
1Indian Equities94.5%
2Money Market5.5%
Individual holdings
1YES BANK5%
2YES BANK5%
3FEDERAL BANK4.8%
4DEWAN HOUSING FINANCE4.7%
5DEWAN HOUSING FINANCE4.7%
6JYOTHY LABORATORIES LTD4%
7JYOTHY LABORATORIES LTD4%
8MOTHERSON SUMI SYSTEMS3.5%
9MOTHERSON SUMI SYSTEMS3.5%
Management
Fund manager group
Ocean Dial Asset Management
Fund manager company
Ocean Dial Asset Management
Fund type
Investment Trust
Fund objective
To provide long term capital appreciation by investing predominantly in listed mid and small cap Indian companies. Investments may also be made in large cap Indian companies where the Fund Manager believes long-term capital appreciation will be achieved. The Company may hold liquid assets (including cash) pending deployment in suitable investments. It is the Company’s declared policy not to hedge the exposure to the Indian Rupee.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
No data available.
Fund manager
NameSinceBiography
David Cornell01/01/2010David Cornell joined the Group in January 2010 from Henderson Global Investors. He was initially based in London and is now resident in Mumbai. He started his career in 1995 covering India for Robert Fleming Securities, ran the BDT Emerging Market Fund from 2004 to 2008 which compounded at over 25% per annum during his tenure and then co-managed New Star’s Institutional Emerging Market Fund. He has a degree in English and History from the University of Durham and was in the British Army from 1991-1995.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Offshore
India Capital Growth
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price89.82
CurrencyGBX
Price updated29/11/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeNJMZ
Data provided by

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