Net Asset Value

RNS Number : 9682O

India Capital Growth Fund Limited

04 June 2020

 

4 June 2020

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

Net Asset Value statement at 29 May 2020

The Company announces its Net Asset Value per share as at 29 May 2020 was 64.36 pence.

In May the Net Asset Value (NAV) was down 0.2% in Sterling terms, whilst the BSE MidCap TR Index was down 1.0%, delivering an out performance against the notional benchmark of 0.8%. In local currency terms, the NAV was down 0.5% for the month.

Portfolio analysis by sector as at 29 May 2020
Sector	No. of Companies	% of Portfolio
Materials	7	21.1%
Consumer Staples	6	15.4%
Financials - Banks	4	13.1%
Industrials	4	9.8%
Consumer Discretionary	3	9.0%
Health Care	2	7.8%
Information Technology	2	3.9%
Utilities	1	3.8%
Financials - Diversified	1	3.8%
Financials - Insurance	1	3.0%
Energy	1	3.0%
Real Estate	1	0.1%
Communication Services	0	0.0%
Total Equity Investment	33	93.8%
Net Cash		6.2%
Total Portfolio	33	100.0%
Top 20 holdings as at 29 May 2020
Holding	Sector	% of Portfolio
PI Industries	Materials	6.5%
Divi's Laboratories	Health Care	6.4%
Federal Bank	Financials - Banks	5.0%
Jyothy Laboratories	Consumer Staples	3.9%
Gujarat Gas	Utilities	3.8%
Multi Commodity Exchange India	Financials - Diversified	3.8%
Berger Paints	Materials	3.7%
JK Lakshmi Cement	Materials	3.6%
Emami	Consumer Staples	3.6%
Balkrishna Industries	Consumer Discretionary	3.5%
Bajaj Consumer Care	Consumer Staples	3.5%
Tech Mahindra	Information Technology	3.5%
City Union Bank	Financials - Banks	3.4%
Kajaria Ceramics	Industrials	3.1%
ICICI Lombard General Insurance	Financials - Insurance	3.0%
Aegis Logistics	Energy	3.0%
Exide Industries	Consumer Discretionary	2.9%
Ccl Products India	Consumer Staples	2.9%
Welspun India	Consumer Discretionary	2.5%
Finolex Cables	Industrials	2.4%
Portfolio analysis by market capitalisation size as 29 May 2020
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$2bn)	25	61.0%
Mid Cap (US$2bn < M/Cap < US$7bn)	6	23.4%
Large Cap (M/Cap > US$7bn)	2	9.4%
Total Equity Investment	33	93.8%
Net Cash		6.2%
Total Portfolio	33	100.0%

 

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