06 July 2022
India Capital Growth Fund Limited (the "Company" or "ICGF")
Net Asset Value statement at 30 June 2022
The Company announces its Net Asset Value ("NAV") per ordinary share as at 30 June 2022 was 115.00 pence.
In June, the NAV was down 2.07% in Sterling terms, whilst the BSE MidCap TR Index was down 4.13%, delivering an outperformance against the notional benchmark of 2.06%. In local currency terms, the NAV was down 3.98%.
The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 30 June 2022 was 117.13 pence.
Portfolio analysis by sector as at 30 June 2022 |
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Sector |
No. of Companies |
% of Portfolio |
Financials |
7 |
22.8% |
Materials |
7 |
18.4% |
Consumer Discretionary |
7 |
16.3% |
Consumer Staples |
3 |
10.1% |
Industrials |
4 |
9.5% |
Information Technology |
3 |
8.1% |
Health Care |
2 |
4.8% |
Communication Services |
1 |
3.6% |
Real Estate |
0 |
0.0% |
Energy |
0 |
0.0% |
Utilities |
0 |
0.0% |
Total Equity Investment |
34 |
93.6% |
Net Cash |
|
6.4% |
Total Portfolio |
34 |
100.0% |
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Top 20 holdings as at 30 June 2022 |
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Holding |
Sector |
% of Portfolio |
Federal Bank |
Financials |
6.6% |
Ramkrishna Forgings |
Materials |
4.7% |
Emami |
Consumer Staples |
4.7% |
Indusind Bank |
Financials |
4.4% |
Persistent Systems |
Information Technology |
4.0% |
City Union Bank |
Financials |
4.0% |
Affle India |
Communication Services |
3.6% |
IDFC Bank |
Financials |
3.6% |
Balkrishna Industries |
Consumer Discretionary |
3.5% |
PI Industries |
Materials |
3.4% |
Tech Mahindra |
Information Technology |
3.1% |
Kajaria Ceramics |
Industrials |
3.0% |
Bajaj Electricals |
Consumer Discretionary |
3.0% |
Neuland Laboratories |
Health Care |
2.8% |
Jyothy Laboratories |
Consumer Staples |
2.8% |
Aarti Industries |
Materials |
2.6% |
Welspun India |
Consumer Discretionary |
2.6% |
Multi Commodity Exchange |
Financials |
2.6% |
CCL Products India |
Consumer Staples |
2.6% |
Dixon Technologies |
Consumer Discretionary |
2.6% |
Portfolio analysis by market capitalisation size as at 30 June 2022 |
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Market capitalisation size |
No. of Companies |
% of Portfolio |
Small Cap (M/Cap < US$2bn) |
17 |
45.9% |
Mid Cap (US$2bn < M/Cap < US$8bn) |
15 |
42.6% |
Large Cap (M/Cap > US$8bn) |
2 |
5.1% |
Total Equity Investment |
34 |
93.6% |
Net Cash |
|
6.4% |
Total Portfolio |
34 |
100.0% |