India Capital Growth Fund Limited is a closed-ended investment company. The Company's investment objective is to provide long-term capital appreciation by investing (indirectly) in companies based in India. The investment policy permits the Company to make investments in a range of Indian equity and equity linked securities and predominantly in listed mid- and small-cap Indian companies with a smaller proportion in unlisted Indian companies. Investment may also be made in large-cap listed Indian companies and in companies incorporated outside India, which have operations or markets in India. The investment manager of the Company is Ocean Dial Asset Management Limited. The Company has one wholly owned subsidiary, which include ICG Q Limited.