Net Asset Value

RNS Number : 2920M

India Capital Growth Fund Limited

07 May 2020

 

7 May 2020

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

Net Asset Value statement at 30 April 2020

The Company announces its Net Asset Value per share as at 30 April 2020 was 64.52 pence.

In April the Net Asset Value (NAV) was up 12.1% in Sterling terms, whilst the BSE MidCap TR Index was up 13.0%, delivering an under performance against the notional benchmark of 0.9%. In local currency terms, the NAV was up 12.8% for the month.

Portfolio analysis by sector as at 30 April 2020
Sector	No. of Companies	% of Portfolio
Materials	7	21.2%
Financials - Banks	5	15.1%
Consumer Staples	5	12.8%
Consumer Discretionary	4	11.8%
Industrials	4	10.3%
Health Care	3	9.5%
Information Technology	2	4.0%
Utilities	1	3.6%
Financials - Diversified	1	3.0%
Energy	1	2.5%
Financials - Insurance	1	1.1%
Real Estate	1	0.1%
Communication Services	0	0.0%
Total Equity Investment	35	95.1%
Net Cash		4.9%
Total Portfolio	35	100.0%
Top 20 holdings as at 30 April 2020
Holding	Sector	% of Portfolio
PI Industries	Materials	6.7%
Divi's Laboratories	Health Care	6.2%
Federal Bank	Financials - Banks	5.4%
Jyothy Laboratories	Consumer Staples	4.2%
Bajaj Consumer Care	Consumer Discretionary	3.8%
Berger Paints India	Materials	3.8%
Gujarat Gas	Utilities	3.6%
City Union Bank	Financials - Banks	3.6%
Tech Mahindra	Information Technology	3.6%
Emami	Consumer Staples	3.5%
Kajaria Ceramics	Industrials	3.4%
Balkrishna Industries	Consumer Discretionary	3.1%
Multi Commodity Exchange	Financials - Diversified	3.0%
Finolex Cables	Industrials	2.9%
Exide Industries	Consumer Discretionary	2.8%
JK Lakshmi Cement	Materials	2.7%
Radico Khaitan	Consumer Staples	2.7%
The Ramco Cements	Materials	2.6%
Aegis Logistics	Energy	2.5%
IndusInd Bank	Financials - Banks	2.3%
Portfolio analysis by market capitalisation size as 30 April 2020
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$2bn)	26	63.1%
Mid Cap (US$2bn < M/Cap < US$7bn)	6	21.1%
Large Cap (M/Cap > US$7bn)	3	10.9%
Total Equity Investment	35	95.1%
Net Cash		4.9%
Total Portfolio	35	100.0%

 

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