Net Asset Value

RNS Number : 5161U

India Capital Growth Fund Limited

07 April 2021

 

07 April 2021

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

Net Asset Value statement at 31 March 2021

The Company announces its Net Asset Value per share as at 31 March 2021 was 108.33 pence. 

In March, the Net Asset Value (NAV) was up 1.63% in Sterling terms, whilst the BSE MidCap TR Index was up 2.15%, delivering an underperformance against the notional benchmark of 0.52%. In local currency terms, the NAV was up 0.69% for the month.

Portfolio analysis by sector as at 31 March 2021
Sector	No. of Companies	% of Portfolio
Materials	7	20.1%
Financials - Banks	4	18.1%
Consumer Staples	4	12.8%
Consumer Discretionary	4	10.5%
Industrials	4	10.4%
Health Care	2	7.0%
Information Technology	3	6.8%
Utilities	1	4.8%
Energy	1	3.3%
Financials - Diversified	1	3.0%
Financials - Insurance	1	1.8%
Real Estate	1	0.1%
Communication Services	0	0.0%
Total Equity Investment	33	98.5%
Net Cash		1.5%
Total Portfolio	33	100.0%
Top 20 holdings as at 31 March 2021
Holding	Sector	% of Portfolio
Federal Bank	Financials - Banks	6.1%
Emami	Consumer Staples	5.5%
IndusInd Bank	Financials - Banks	5.1%
Gujarat Gas	Utilities	4.8%
IDFC Bank	Financials - Banks	4.2%
PI Industries	Materials	4.2%
Neuland Laboratories	Health Care	4.0%
Tech Mahindra	Information Technology	3.9%
Kajaria Ceramics	Industrials	3.8%
JK Lakshmi Cement	Materials	3.6%
Ramkrishna Forgings	Materials	3.3%
Aegis Logistics	Energy	3.3%
Welspun India	Consumer Discretionary	3.1%
Divi's Laboratories	Health Care	3.0%
Multi Commodity Exchange	Financials - Diversified	3.0%
Balkrishna Industries	Consumer Discretionary	2.8%
Jyothy Laboratories	Consumer Staples	2.8%
Dixon Technologies	Consumer Discretionary	2.7%
Skipper	Industrials	2.7%
Persistent Systems	Information Technology	2.6%
Portfolio analysis by market capitalisation size as at 31 March 2021
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$1bn)	12	27.2%
Mid Cap (US$1bn < M/Cap < US$7bn)	17	57.5%
Large Cap (M/Cap > US$7bn)	4	13.8%
Total Equity Investment	33	98.5%
Net Cash		1.5%
Total Portfolio	33	100.0%

 

END

 

 

NAVFQLFBFZLXBBB