India Advantage Fund Ltd : Net Asset Value

12 december 2016

India Advantage Fund Limited

(the "Company")

Class C Redeemable Participating Shares
ISIN: MU0196S00230

Valuation date	Currency	NAV/Share	Shares in issue	Net Assets
9 December 2016	USD	265.56	453,985	120,563,795

Kindly note that Monday 12 December 2016 is a non-business day for the Fund on account of holiday in India. Hence, no NAV will be calculated for this day. The next NAV will be calculated for Tuesday 13 December 2016 and shall be released on Wednesday 14 December 2016.

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

Email address: iaf@ifsmauritius.com
Telephone:      +230 467 3000
Facsimile:       +230 454 5339

---