Net Asset Value

RNS Number : 3919V

India Capital Growth Fund Limited

06 August 2020

 

6 August 2020

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

Net Asset Value statement at 31 July 2020

The Company announces its Net Asset Value per share as at 31 July 2020 was 72.64 pence.

In July the Net Asset Value (NAV) was up 3.1% in Sterling terms, whilst the BSE MidCap TR Index was down 0.4%, delivering an outperformance against the notional benchmark of 3.5%. In local currency terms, the NAV was up 9.3% for the month.

Portfolio analysis by sector as at 31 July 2020
Sector	No. of Companies	% of Portfolio
Materials	8	23.5%
Consumer Staples	4	14.7%
Financials - Banks	4	12.6%
Consumer Discretionary	4	10.4%
Industrials	4	10.1%
Health Care	2	8.3%
Information Technology	2	4.7%
Financials - Diversified	1	4.1%
Utilities	1	3.9%
Energy	1	2.7%
Financials - Insurance	1	2.5%
Real Estate	1	0.1%
Communication Services	0	0.0%
Total Equity Investment	33	97.5%
Net Cash		2.5%
Total Portfolio	33	100.0%
Top 20 holdings as at 31 July 2020
Holding	Sector	% of Portfolio
PI Industries	Materials	6.3%
Divi's Laboratories	Health Care	5.9%
Federal Bank	Financials - Banks	5.0%
Emami	Consumer Staples	4.2%
Multi Commodity Exchange	Financials - Diversified	4.1%
Gujarat Gas	Utilities	3.9%
Jyothy Laboratories	Consumer Staples	3.8%
Tech Mahindra	Information Technology	3.8%
JK Lakshmi Cement	Materials	3.7%
Balkrishna Industries	Consumer Discretionary	3.7%
Bajaj Consumer Care	Consumer Staples	3.6%
CCL Products India	Consumer Staples	3.1%
Kajaria Ceramics	Industrials	3.1%
Berger Paints India	Materials	2.9%
Aegis Logistics	Energy	2.7%
IndusInd Bank	Financials - Banks	2.7%
Welspun India	Consumer Discretionary	2.6%
Finolex Cables	Industrials	2.6%
City Union Bank	Financials - Banks	2.6%
Aarti Industries	Materials	2.5%
Portfolio analysis by market capitalisation size as 31 July 2020
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$2bn)	22	58.8%
Mid Cap (US$2bn < M/Cap < US$7bn)	8	26.5%
Large Cap (M/Cap > US$7bn)	3	12.2%
Total Equity Investment	33	97.5%
Net Cash		2.5%
Total Portfolio	33	100.0%

 

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