Net Asset Value

RNS Number : 2330B

India Capital Growth Fund Limited

06 October 2020

 

6 October 2020

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

Net Asset Value statement at 30 September 2020

The Company announces its Net Asset Value per share as at 30 September 2020 was 86.12 pence.

In September, the Net Asset Value (NAV) was up 7.5% in Sterling terms, whilst the BSE MidCap TR Index was up 4.0%, delivering an outperformance against the notional benchmark of 3.5%. In local currency terms, the NAV was up 3.7% for the month.

Portfolio analysis by sector as at 30 September 2020
Sector	No. of Companies	% of Portfolio
Materials	8	22.2%
Consumer Staples	4	15.7%
Financials - Banks	4	13.1%
Consumer Discretionary	4	11.0%
Industrials	4	10.2%
Health Care	2	8.0%
Information Technology	2	4.9%
Utilities	1	3.6%
Financials - Diversified	1	3.6%
Energy	1	2.9%
Financials - Insurance	1	2.2%
Real Estate	1	0.1%
Communication Services	0	0.0%
Total Equity Investment	33	97.6%
Net Cash		2.4%
Total Portfolio	33	100.0%
Top 20 holdings as at 30 September 2020
Holding	Sector	% of Portfolio
Emami	Consumer Staples	5.4%
PI Industries	Materials	5.2%
Divi's Laboratories	Health Care	4.9%
Tech Mahindra	Information Technology	4.1%
Federal Bank	Financials - Banks	4.0%
Jyothy Laboratories	Consumer Staples	4.0%
IndusInd Bank	Financials - Banks	3.8%
Welspun India	Consumer Discretionary	3.7%
Multi Commodity Exchange	Financials - Diversified	3.6%
Gujarat Gas	Utilities	3.6%
Balkrishna Industries	Consumer Discretionary	3.3%
Bajaj Consumer Care	Consumer Staples	3.3%
Kajaria Ceramics	Industrials	3.3%
City Union Bank	Financials - Banks	3.1%
Neuland Laboratories	Health Care	3.1%
CCl Products India	Consumer Staples	3.1%
Aegis Logistics	Energy	2.9%
JK Lakshmi Cement	Materials	2.8%
Skipper	Industrials	2.8%
Essel Propack	Materials	2.7%
Portfolio analysis by market capitalisation size as at 30 September 2020
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$1bn)	13	32.3%
Mid Cap (US$1bn < M/Cap < US$7bn)	16	51.5%
Large Cap (M/Cap > US$7bn)	4	13.7%
Total Equity Investment	33	97.6%
Net Cash		2.4%
Total Portfolio	33	100.0%

 

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