Net Asset Value

RNS Number : 9467L
India Capital Growth Fund Limited
06 January 2023
 

06 January 2023

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

Net Asset Value statement at 30 December 2022

The Company announces its Net Asset Value ("NAV") per ordinary share as at 30 December 2022 was 140.06 pence.

In December, the NAV was down 0.97% in Sterling terms, whilst the BSE MidCap TR Index was down 4.40%, delivering an outperformance against the notional benchmark of 3.43%. In local currency terms, the NAV was up 1.05%.

The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 30 December 2022 was 144.81 pence. 

 

Portfolio analysis by sector as at 30 December 2022

 

 

 

Sector

No. of Companies

% of Portfolio

Financials

6

26.3%

Materials

7

18.0%

Consumer Discretionary

8

16.7%

Industrials

5

12.6%

Consumer Staples

3

9.3%

Information Technology

3

6.9%

Health Care

2

3.4%

Communication Services

1

2.9%

Real Estate

0

0.0%

Energy

0

0.0%

Utilities

0

0.0%

Total Equity Investment

35

96.0%

Cash & cash equivalents


4.0%

Total Portfolio

35

100.0%

 



 

Top 20 holdings as at 30 December 2022




Holding

Sector

% of Portfolio

Federal Bank

Financials

7.2%

IDFC Bank

Financials

5.9%

Indusind Bank

Financials

5.2%

City Union Bank

Financials

4.2%

Ramkrishna Forgings

Materials

4.1%

Emami

Consumer Staples

3.7%

Persistent Systems

Information Technology

3.6%

PI Industries

Materials

3.5%

JK Lakshmi Cement

Materials

3.3%

Skipper

Industrials

3.3%

Balkrishna Industries

Consumer Discretionary

3.2%

Neuland Laboratories

Health Care

3.1%

Kajaria Ceramics

Industrials

2.9%

Affle India

Communication Services

2.9%

Jyothy Laboratories

Consumer Staples

2.9%

Multi Commodity Exchange

Financials

2.8%

CCL Products India

Consumer Staples

2.8%

Bajaj Electricals

Consumer Discretionary

2.7%

Sagar Cements

Materials

2.7%

Tech Mahindra

Information Technology

2.5%

 

Portfolio analysis by market capitalisation size as at 30 December 2022

 

Market capitalisation size

No. of Companies

% of Portfolio

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

18

46.5%

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

15

41.8%

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

2

7.7%

Total Equity Investment

35

96.0%

Net Cash


4.0%

Total Portfolio

35

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
 
 
NAVKQLBBXFLLBBE
UK 100

Latest directors dealings