India Advantage Fund Ltd : Net Asset Value

India Advantage Fund Limited

(the "Company")

Class C Redeemable Participating Shares
ISIN: MU0196S00230

Valuation date Currency NAV/Share Shares in issue Net Assets

   28 October 2016






We wish to inform you that Monday 31 October 2016 and Wednesday 2 November 2016 are non-business days for the Fund on account of holidays in India and Mauritius respectively. No NAV will be calculated for these days. The NAV for 1 November 2016 will be calculated and released on 3 November 2016.

All queries should be forwarded to the Company's Administrator:

Email address:
Telephone:      +230 467 3000
Facsimile:       +230 454 5339

Net asset value as at 28.10.2016 of
India Advantage Fund Ltd
NAV-bid........... : 286.04 USD
Shares in issue... : 452290
Total value....... : 129376490

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: India Advantage Fund Ltd via GlobeNewswire