Net Asset Value

RNS Number : 6159H

India Capital Growth Fund Limited

04 December 2020

 

4 December 2020

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

Net Asset Value statement at 30 November 2020

The Company announces its Net Asset Value per share as at 30 November 2020 was 95.37 pence. 

In November, the Net Asset Value (NAV) was up 9.9% in Sterling terms, whilst the BSE MidCap TR Index was up 10.9%, delivering an underperformance against the notional benchmark of 1.0%. In local currency terms, the NAV was up 12.6% for the month.

Portfolio analysis by sector as at 30 November 2020
Sector	No. of Companies	% of Portfolio
Materials	7	20.9%
Financials - Banks	4	16.9%
Consumer Staples	4	15.0%
Consumer Discretionary	4	10.3%
Industrials	4	10.0%
Health Care	2	6.5%
Information Technology	3	5.3%
Utilities	1	3.5%
Financials - Diversified	1	2.9%
Energy	1	2.8%
Financials - Insurance	1	2.1%
Real Estate	1	0.1%
Communication Services	0	0.0%
Total Equity Investment	33	96.3%
Net Cash		3.7%
Total Portfolio	33	100.0%
Top 20 holdings as at 30 November 2020
Holding	Sector	% of Portfolio
Emami	Consumer Staples	5.8%
Federal Bank	Financials - Banks	5.4%
IndusInd Bank	Financials - Banks	5.3%
PI Industries	Materials	5.0%
Divi's Laboratories	Health Care	4.0%
Tech Mahindra	Information Technology	4.0%
City Union Bank	Financials - Banks	3.6%
Gujarat Gas	Utilities	3.5%
Kajaria Ceramics	Industrials	3.3%
Jyothy Laboratories	Consumer Staples	3.3%
Balkrishna Industries	Consumer Discretionary	3.2%
Bajaj Consumer Care	Consumer Staples	3.2%
JK Lakshmi Cement	Materials	3.2%
Multi Commodity Exchange	Financials - Diversified	2.9%
Welspun India	Consumer Discretionary	2.9%
Ramkrishna Forgings	Materials	2.9%
Skipper	Industrials	2.9%
Aegis Logistics	Energy	2.8%
CCL Products India	Consumer Staples	2.7%
IDFC Bank	Financials - Banks	2.6%
Portfolio analysis by market capitalisation size as at 30 November 2020
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$1bn)	13	30.3%
Mid Cap (US$1bn < M/Cap < US$7bn)	16	50.6%
Large Cap (M/Cap > US$7bn)	4	15.4%
Total Equity Investment	33	96.3%
Net Cash		3.7%
Total Portfolio	33	100.0%

 

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