Net Asset Value

RNS Number : 1585O

India Capital Growth Fund Limited

05 February 2021

 

05 February 2021

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

Net Asset Value statement at 29 January 2021

The Company announces its Net Asset Value per share as at 29 January 2021 was 98.39 pence. 

In January, the Net Asset Value (NAV) was up 0.7% in Sterling terms, whilst the BSE MidCap TR Index was up 0.4%, delivering an outperformance against the notional benchmark of 0.3%. In local currency terms, the NAV was up 1.1% for the month.

Portfolio analysis by sector as at 29 January 2021
Sector	No. of Companies	% of Portfolio
Materials	7	19.6%
Financials - Banks	4	17.8%
Consumer Staples	4	15.2%
Industrials	4	11.1%
Consumer Discretionary	4	10.2%
Information Technology	3	6.9%
Health Care	2	6.0%
Utilities	1	3.6%
Energy	1	3.5%
Financials - Diversified	1	2.9%
Financials - Insurance	1	1.8%
Real Estate	1	0.1%
Communication Services	0	0.0%
Total Equity Investment	33	98.7%
Net Cash		1.3%
Total Portfolio	33	100.0%
Top 20 holdings as at 29 January 2021
Holding	Sector	% of Portfolio
Federal Bank	Financials - Banks	6.5%
Emami	Consumer Staples	6.1%
IndusInd Bank	Financials - Banks	5.0%
PI Industries	Materials	4.4%
Tech Mahindra	Information Technology	4.2%
Kajaria Ceramics	Industrials	4.1%
Jyothy Laboratories	Consumer Staples	3.6%
Gujarat Gas	Utilities	3.6%
Ramkrishna Forgings	Materials	3.6%
Aegis Logistics	Energy	3.5%
IDFC Bank	Financials - Banks	3.2%
City Union Bank	Financials - Banks	3.1%
Bajaj Consumer Care	Consumer Staples	3.1%
Divi's Laboratories	Health Care	3.1%
Balkrishna Industries	Consumer Discretionary	3.0%
Skipper	Industrials	3.0%
Neuland Laboratories	Health Care	2.9%
JK Lakshmi Cement	Materials	2.9%
Multi Commodity Exchange	Financials - Diversified	2.9%
Welspun India	Consumer Discretionary	2.8%
Portfolio analysis by market capitalisation size as at 29 January 2021
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$1bn)	13	30.9%
Mid Cap (US$1bn < M/Cap < US$7bn)	16	53.6%
Large Cap (M/Cap > US$7bn)	4	14.1%
Total Equity Investment	33	98.7%
Net Cash		1.3%
Total Portfolio	33	100.0%

 

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