Net Asset Value

RNS Number : 0236C

India Capital Growth Fund Limited

06 October 2022

 

06 October 2022

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

Net Asset Value statement at 30 September 2022

The Company announces its Net Asset Value ("NAV") per ordinary share as at 30 September 2022 was 142.55 pence.

In September, the NAV was up 2.79% in Sterling terms, whilst the BSE MidCap TR Index was up 0.73%, delivering an outperformance against the notional benchmark of 2.05%. In local currency terms, the NAV was down 0.06%.

The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 30 September 2022 was 146.83 pence. 

Portfolio analysis by sector as at 30 September 2022
Sector	No. of Companies	% of Portfolio
Financials	6	25.3%
Materials	7	18.6%
Consumer Discretionary	7	16.1%
Industrials	5	10.9%
Consumer Staples	3	10.4%
Information Technology	3	6.7%
Health Care	2	4.4%
Communication Services	1	3.6%
Real Estate	0	0.0%
Energy	0	0.0%
Utilities	0	0.0%
Total Equity Investment	34	96.0%
Cash & cash equivalents		4.0%
Total Portfolio	34	100.0%
Top 20 holdings as at 30 September 2022
Holding	Sector	% of Portfolio
Federal Bank	Financials	6.8%
Indusind Bank	Financials	5.5%
IDFC Bank	Financials	5.5%
Ramkrishna Forgings	Materials	4.9%
Emami	Consumer Staples	4.7%
City Union Bank	Financials	4.4%
Affle India Ltd	Communication Services	3.6%
PI Industries	Materials	3.3%
Kajaria Ceramics	Industrials	3.2%
Persistent Systems	Information Technology	3.2%
Balkrishna Industries	Consumer Discretionary	3.1%
Bajaj Electricals Ltd	Consumer Discretionary	2.9%
Jyothy Laboratories	Consumer Staples	2.9%
CCL Products India	Consumer Staples	2.8%
Neuland Laboratories	Health Care	2.8%
Tech Mahindra	Information Technology	2.7%
Dixon Technologies	Consumer Discretionary	2.7%
JK Lakshmi Cement	Materials	2.5%
Sagar Cements	Materials	2.5%
Sona BLW Precision Forgings Limited	Consumer Discretionary	2.5%
Portfolio analysis by market capitalisation size as at 30 September 2022
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$2bn)	14	38.4%
Mid Cap (US$2bn < M/Cap < US$8bn)	17	47.8%
Large Cap (M/Cap > US$8bn)	3	9.9%
Total Equity Investment	34	96.0%
Net Cash		4.0%
Total Portfolio	34	100.0%

 

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