India Capital Growth Fund Limited is a Guernsey-based closed-ended investment company. The Company�s investment objective is to provide long-term capital appreciation by investing (directly and 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 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 Company has one wholly owned subsidiary Mauritian subsidiary, ICG Q Limited. The investment manager of the Company is Ocean Dial Asset Management Limited.