Net Asset Value

India Capital Growth Fund Limited
04 August 2023
 

04 August 2023

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

Net Asset Value statement at 31 July 2023

The Company announces its Net Asset Value ("NAV") per ordinary share as at 31 July 2023 was 156.30 pence.

In July, the NAV was up 3.73% in Sterling terms, whilst the BSE MidCap TR Index was up 3.64%, delivering an outperformance against the notional benchmark of 0.09%. In local currency terms, the NAV was up 5.99%.      

The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 31 July 2023 was 162.91 pence.

 

Portfolio analysis by sector as at 31 July 2023

 

 

 

Sector

No. of Companies

% of Portfolio

Financials

6

22.3%

Consumer Discretionary

8

18.2%

Materials

7

16.7%

Industrials

6

15.1%

Consumer Staples

3

10.0%

Information Technology

2

5.0%

Health Care

1

3.9%

Communication Services

1

2.8%

Real Estate

0

0.0%

Energy

0

0.0%

Utilities

0

0.0%

Total Equity Investment

34

93.9%

Cash & cash equivalents


6.1%

Total Portfolio

34

100.0%

 



 

Top 20 holdings as at 31 July 2023




Holding

Sector

% of Portfolio

IDFC Bank

Financials

5.9%

Federal Bank

Financials

5.9%

Indusind Bank

Financials

5.1%

Ramkrishna Forgings

Materials

5.0%

Neuland Laboratories

Health Care

3.9%

Jyothy Laboratories

Consumer Staples

3.7%

Skipper

Industrials

3.6%

Emami

Consumer Staples

3.6%

Sona BLW Precision Forgings

Consumer Discretionary

3.3%

PI Industries

Materials

3.1%

Persistent Systems

Information Technology

3.1%

Kajaria Ceramics

Industrials

3.0%

Dixon Technologies

Consumer Discretionary

3.0%

Affle India

Communication Services

2.8%

Balkrishna Industries

Consumer Discretionary

2.7%

CCL Products India

Consumer Staples

2.7%

Uniparts India

Industrials

2.7%

Welspun India

Consumer Discretionary

2.7%

City Union Bank

Financials

2.6%

VIP Industries

Consumer Discretionary

2.4%

 

Portfolio analysis by market capitalisation size as at 31 July 2023

 

Market capitalisation size

No. of Companies

% of Portfolio

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

17

45.7%

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

14

40.0%

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

3

8.2%

Total Equity Investment

34

93.9%

Net Cash


6.1%

Total Portfolio

34

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
 
 
UK 100

Latest directors dealings