Net Asset Value

RNS Number : 5020R
India Capital Growth Fund Limited
06 July 2022
 

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

 

 

 

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%

 



 

Top 20 holdings as at 30 June 2022




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

 

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%

 

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