Net Asset Value

RNS Number : 4774H
India Capital Growth Fund Limited
06 April 2022
 

06 April 2022

India Capital Growth Fund Limited (the "Company" or "ICGF")

Net Asset Value statement at 31 March 2022

The Company announces its Net Asset Value ("NAV") per ordinary share as at 31 March 2022 was 123.42 pence.

In March, the NAV was up 3.00% in Sterling terms, whilst the BSE MidCap TR Index was up 4.71%, delivering an underperformance against the notional benchmark of 1.71%. In local currency terms, the NAV was up 1.60%.

The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 31 March 2022 was 126.28 pence.

 

Portfolio analysis by sector as at 31 March 2022




Sector

No. of Companies

% of Portfolio

Materials

7

19.6%

Financials - Banks

4

18.7%

Consumer Discretionary

7

16.2%

Consumer Staples

3

10.1%

Information Technology

2

9.2%

Industrials

4

8.6%

Health Care

2

4.8%

Communication Services

1

3.8%

Financials - Diversified

1

2.5%

Energy

1

2.2%

Financials - Insurance

0

0.0%

Utilities

0

0.0%

Real Estate

0

0.0%

Total Equity Investment

32

95.9%

Net Cash


4.1%

Total Portfolio

32

100.0%




 

Top 20 holdings as at 31 March 2022




Holding

Sector

% of Portfolio

Federal Bank

Financials - Banks

6.6%

Persistent Systems

Information Technology

5.0%

Indusind Bank

Financials - Banks

4.6%

Emami

Consumer Staples

4.4%

Tech Mahindra

Information Technology

4.2%

Ramkrishna Forgings

Materials

4.1%

IDFC Bank

Financials - Banks

4.1%

Affle India

Communication Services

3.8%

City Union Bank

Financials - Banks

3.5%

PI Industries

Materials

3.3%

Sagar Cements

Materials

3.3%

Jyothy Laboratories

Consumer Staples

3.3%

Aarti Industries

Materials

3.2%

Balkrishna Industries

Consumer Discretionary

3.1%

Welspun India

Consumer Discretionary

3.1%

Kajaria Ceramics

Industrials

2.9%

Bajaj Electricals

Consumer Discretionary

2.8%

Divi's Laboratories

Health Care

2.6%

Sona BLW Precision Forgings

Consumer Discretionary

2.6%

Dixon Technologies

Consumer Discretionary

2.5%

 

Portfolio analysis by market capitalisation size as at 31 March 2022

 

Market capitalisation size

No. of Companies

% of Portfolio

Small Cap (M/Cap < US$2bn)

15

39.0%

Mid Cap (US$2bn < M/Cap < US$8bn)

14

45.5%

Large Cap (M/Cap > US$8bn)

3

11.4%

Total Equity Investment

32

95.9%

Net Cash


4.1%

Total Portfolio

32

100.0%

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NAVKQLBBLZLEBBB
UK 100

Latest directors dealings