Net Asset Value

RNS Number : 7710X

India Capital Growth Fund Limited

06 May 2021

 

06 May 2021

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

Net Asset Value statement at 30 April 2021

The Company announces its Net Asset Value per share as at 30 April 2021 was 109.58 pence. 

In April, the Net Asset Value (NAV) was up 1.15% in Sterling terms, whilst the BSE MidCap TR Index was down 1.46%, delivering an outperformance against the notional benchmark of 2.62%. In local currency terms, the NAV was up 3.37% for the month.

Portfolio analysis by sector as at 30 April 2021
Sector	No. of Companies	% of Portfolio
Materials	7	20.4%
Financials - Banks	4	18.6%
Consumer Staples	4	12.9%
Consumer Discretionary	4	10.9%
Industrials	4	9.4%
Health Care	2	7.7%
Information Technology	3	6.6%
Utilities	1	4.5%
Energy	1	3.2%
Financials - Diversified	1	2.8%
Financials - Insurance	1	1.7%
Real Estate	1	0.1%
Communication Services	0	0.0%
Total Equity Investment	33	98.9%
Net Cash		1.1%
Total Portfolio	33	100.0%
Top 20 holdings as at 30 April 2021
Holding	Sector	% of Portfolio
Federal Bank	Financials - Banks	6.2%
Emami	Consumer Staples	5.3%
IndusInd Bank	Financials - Banks	4.8%
IDFC Bank	Financials - Banks	4.8%
PI Industries	Materials	4.5%
Neuland Laboratories	Health Care	4.5%
Gujarat Gas	Utilities	4.5%
Tech Mahindra	Information Technology	3.6%
Ramkrishna Forgings	Materials	3.6%
Kajaria Ceramics	Industrials	3.4%
Divi's Laboratories	Health Care	3.3%
Aegis Logistics	Energy	3.2%
JK Lakshmi Cement	Materials	3.2%
Dixon Technologies	Consumer Discretionary	3.0%
Aarti Industries	Materials	3.0%
Welspun India	Consumer Discretionary	2.9%
Balkrishna Industries	Consumer Discretionary	2.9%
Jyothy Laboratories	Consumer Staples	2.8%
Multi Commodity Exchange	Financials - Diversified	2.8%
City Union Bank	Financials - Banks	2.7%
Portfolio analysis by market capitalisation size as at 30 April 2021
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$1bn)	13	29.4%
Mid Cap (US$1bn < M/Cap < US$7bn)	16	56.1%
Large Cap (M/Cap > US$7bn)	4	13.4%
Total Equity Investment	33	98.9%
Net Cash		1.1%
Total Portfolio	33	100.0%

 

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