Net Asset Value

RNS Number : 1060Y

India Capital Growth Fund Limited

04 September 2020

 

4 September 2020

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

Net Asset Value statement at 31 August 2020

The Company announces its Net Asset Value per share as at 31 August 2020 was 80.15 pence.

In August the Net Asset Value (NAV) was up 10.3% in Sterling terms, whilst the BSE MidCap TR Index was up 6.7%, delivering an outperformance against the notional benchmark of 3.6%. In local currency terms, the NAV was up 10.3% for the month.

Portfolio analysis by sector as at 31 August 2020
Sector	No. of Companies	% of Portfolio
Materials	8	22.3%
Consumer Staples	4	15.8%
Financials - Banks	4	14.4%
Consumer Discretionary	4	10.6%
Industrials	4	10.1%
Health Care	2	8.4%
Information Technology	2	4.7%
Utilities	1	3.9%
Financials - Diversified	1	3.5%
Energy	1	2.8%
Financials - Insurance	1	2.2%
Real Estate	1	0.1%
Communication Services	0	0.0%
Total Equity Investment	33	98.8%
Net Cash		1.2%
Total Portfolio	33	100.0%
Top 20 holdings as at 31 August 2020
Holding	Sector	% of Portfolio
PI Industries	Materials	5.9%
Divi's Laboratories	Health Care	5.9%
Emami	Consumer Staples	5.7%
Federal Bank	Financials - Banks	4.7%
IndusInd Bank	Financials - Banks	4.1%
Jyothy Laboratories	Consumer Staples	4.0%
Gujarat Gas	Utilities	3.9%
Tech Mahindra	Information Technology	3.7%
Multi Commodity Exchange	Financials - Diversified	3.5%
Balkrishna Industries	Consumer Discretionary	3.3%
Welspun India	Consumer Discretionary	3.3%
Bajaj Consumer Care	Consumer Staples	3.2%
City Union Bank	Financials - Banks	3.1%
Kajaria Ceramics	Industrials	3.0%
JK Lakshmi Cement	Materials	3.0%
CCL Products India	Consumer Staples	3.0%
Aegis Logistics	Energy	2.8%
Skipper	Industrials	2.8%
Berger Paints India	Materials	2.7%
Neuland Laboratories	Health Care	2.5%
Portfolio analysis by market capitalisation size as at 31 August 2020
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$2bn)	21	54.4%
Mid Cap (US$2bn < M/Cap < US$7bn)	8	29.9%
Large Cap (M/Cap > US$7bn)	4	14.5%
Total Equity Investment	33	98.8%
Net Cash		1.2%
Total Portfolio	33	100.0%

 

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