Net Asset Value

RNS Number : 1427S

India Capital Growth Fund Limited

06 July 2020

 

6 July 2020

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

Net Asset Value statement at 30 June 2020

The Company announces its Net Asset Value per share as at 30 June 2020 was 70.42 pence.

In June the Net Asset Value (NAV) was up 9.4% in Sterling terms, whilst the BSE MidCap TR Index was up 11.1%, delivering an underperformance against the notional benchmark of 1.7%. In local currency terms, the NAV was up 8.7% for the month.

Portfolio analysis by sector as at 30 June 2020
Sector	No. of Companies	% of Portfolio
Materials	8	22.6%
Consumer Staples	4	14.7%
Financials - Banks	4	13.1%
Industrials	4	11.3%
Consumer Discretionary	4	9.3%
Health Care	2	7.5%
Utilities	1	4.6%
Information Technology	2	4.1%
Financials - Diversified	1	3.4%
Financials - Insurance	1	2.8%
Energy	1	2.7%
Real Estate	1	0.1%
Communication Services	0	0.0%
Total Equity Investment	33	96.1%
Net Cash		3.9%
Total Portfolio	33	100.0%
Top 20 holdings as at 30 June 2020
Holding	Sector	% of Portfolio
PI Industries	Materials	5.9%
Divi's Laboratories	Health Care	5.6%
Federal Bank	Financials	5.2%
Gujarat Gas	Utilities	4.6%
Jyothy Laboratories	Consumer Staples	4.0%
Balkrishna Industries	Consumer Discretionary	3.8%
Emami	Consumer Staples	3.7%
Bajaj Consumer Care	Consumer Staples	3.6%
JK Lakshmi Cement	Materials	3.5%
CCL Products India	Consumer Staples	3.4%
Berger Paints India	Materials	3.4%
Multi Commodity Exchange	Financials - Diversified	3.4%
Tech Mahindra	Information Technology	3.3%
Kajaria Ceramics	Industrials	3.3%
Finolex Cables	Industrials	3.0%
Skipper	Industrials	2.9%
City Union Bank	Financials	2.8%
Aegis Logistics	Energy	2.8%
Welspun India	Consumer Discretionary	2.7%
ICICI Lombard Gen Ins	Financials - Insurance	2.7%
Portfolio analysis by market capitalisation size as 30 June 2020
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$2bn)	24	61.6%
Mid Cap (US$2bn < M/Cap < US$7bn)	7	26.2%
Large Cap (M/Cap > US$7bn)	2	8.3%
Total Equity Investment	33	96.1%
Net Cash		3.9%
Total Portfolio	33	100.0%

 

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