Net Asset Value

RNS Number : 4469K
India Capital Growth Fund Limited
05 May 2022
 

05 May 2022

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

Net Asset Value statement at 29 April 2022

The Company announces its Net Asset Value ("NAV") per ordinary share as at 29 April 2022 was 129.44 pence.

In April, the NAV was up 4.87% in Sterling terms, whilst the BSE MidCap TR Index was up 5.41%, delivering an underperformance against the notional benchmark of 0.54%. In local currency terms, the NAV was up 0.83%.

The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 29 April 2022 was 132.52 pence.   

 

Portfolio analysis by sector as at 29 April 2022




Sector

No. of Companies

% of Portfolio

Financials

5

21.2%

Materials

7

19.3%

Consumer Discretionary

7

15.9%

Consumer Staples

3

10.3%

Industrials

4

8.9%

Information Technology

2

8.0%

Health Care

2

5.0%

Communication Services

1

3.7%

Energy

1

2.0%

Utilities

0

0.0%

Real Estate

0

0.0%

Total Equity Investment

32

94.4%

Net Cash


5.6%

Total Portfolio

32

100.0%




 

Top 20 holdings as at 29 April 2022




Holding

Sector

% of Portfolio

Federal Bank

Financials

6.3%

Ramkrishna Forgings

Materials

4.8%

Emami

Consumer Staples

4.8%

Indusind Bank

Financials

4.8%

Persistent Systems

Information Technology

4.5%

IDFC Bank

Financials

4.0%

Affle India

Communication Services

3.7%

City Union Bank

Financials

3.7%

Tech Mahindra

Information Technology

3.5%

PI Industries

Materials

3.3%

Jyothy Laboratories

Consumer Staples

3.1%

Balkrishna Industries

Consumer Discretionary

3.1%

Sagar Cements

Materials

3.1%

Aarti Industries

Materials

3.0%

Kajaria Ceramics

Industrials

2.9%

Neuland Laboratories

Health Care

2.8%

Bajaj Electricals

Consumer Discretionary

2.8%

Welspun India

Consumer Discretionary

2.8%

Dixon Technologies

Consumer Discretionary

2.6%

Multi Commodity Exchange

Financials

2.5%

 

Portfolio analysis by market capitalisation size as at 29 April 2022

 

Market capitalisation size

No. of Companies

% of Portfolio

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

15

39.6%

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

14

44.4%

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

3

10.4%

Total Equity Investment

32

94.4%

Net Cash


5.6%

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
 
 
NAVKELBBLELLBBX
UK 100

Latest directors dealings