Net Asset Value

RNS Number : 4553Y

India Capital Growth Fund Limited

06 September 2022

 

06 September 2022

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

Net Asset Value statement at 30 August 2022

 The Company announces its Net Asset Value ("NAV") per ordinary share as at 30 August 2022 was 138.69 pence.

In August, the NAV was up 10.19% in Sterling terms, whilst the BSE MidCap TR Index was up 9.78%, delivering an outperformance against the notional benchmark of 0.42%. In local currency terms, the NAV was up 6.16%.

The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 30 August 2022 was 142.80 pence. 

Portfolio analysis by sector as at 30 August 2022
Sector	No. of Companies	% of Portfolio
Financials	6	25.1%
Materials	7	18.9%
Consumer Discretionary	7	16.1%
Consumer Staples	3	10.1%
Industrials	4	9.3%
Information Technology	3	7.2%
Health Care	2	4.2%
Communication Services	1	3.8%
Real Estate	0	0.0%
Energy	0	0.0%
Utilities	0	0.0%
Total Equity Investment	33	94.6%
Cash & cash equivalents		5.4%
Total Portfolio	33	100.0%
Top 20 holdings as at 30 August 2022
Holding	Sector	% of Portfolio
Federal Bank	Financials	6.7%
IDFC Bank	Financials	5.4%
Indusind Bank	Financials	5.2%
Ramkrishna Forgings	Materials	4.9%
City Union Bank	Financials	4.6%
Emami	Consumer Staples	4.5%
PI Industries	Materials	3.8%
Affle India	Communication Services	3.8%
Persistent Systems	Information Technology	3.5%
Kajaria Ceramics	Industrials	3.1%
Bajaj Electricals	Consumer Discretionary	3.0%
Jyothy Laboratories	Consumer Staples	2.9%
Tech Mahindra	Information Technology	2.8%
Sona BLW Precision Forgings	Consumer Discretionary	2.8%
Balkrishna Industries	Consumer Discretionary	2.8%
CCL Products India	Consumer Staples	2.7%
Aarti Industries	Materials	2.6%
Neuland Laboratories	Health Care	2.6%
Sagar Cements	Materials	2.6%
Dixon Technologies	Consumer Discretionary	2.5%
Portfolio analysis by market capitalisation size as at 30 August 2022
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$2bn)	14	37.5%
Mid Cap (US$2bn < M/Cap < US$8bn)	15	46.4%
Large Cap (M/Cap > US$8bn)	4	10.7%
Total Equity Investment	33	94.6%
Net Cash		5.4%
Total Portfolio	33	100.0%

 

END

 

 

NAVBQLFBLKLLBBL