Net Asset Value
05 August 2021
India Capital Growth Fund Limited (the "Company" or "ICGF")
Net Asset Value statement at 30 July 2021
The Company announces its Net Asset Value ("NAV") per share as at 30 July 2021 was 127.49 pence.
In July, the NAV was up 1.81% in Sterling terms, whilst the BSE MidCap TR Index was up 1.78%, delivering an outperformance against the notional benchmark of 0.03%. In local currency terms, the NAV was up 2.58% for the month.
The Company also announces its Net Asset Value before Indian CGT deferred tax provision per share as at 30 July 2021 was 130.89 pence.
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Portfolio analysis by sector as at 30 July 2021 |
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Sector |
No. of Companies |
% of Portfolio |
|
Materials |
7 |
20.9% |
|
Financials - Banks |
4 |
16.2% |
|
Consumer Staples |
4 |
13.2% |
|
Consumer Discretionary |
5 |
13.0% |
|
Industrials |
4 |
9.4% |
|
Information Technology |
2 |
7.2% |
|
Health Care |
2 |
6.2% |
|
Utilities |
1 |
3.2% |
|
Energy |
1 |
2.7% |
|
Financials - Diversified |
1 |
2.5% |
|
Financials - Insurance |
1 |
1.5% |
|
Real Estate |
0 |
0.0% |
|
Communication Services |
0 |
0.0% |
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Total Equity Investment |
32 |
96.0% |
|
Net Cash |
|
4.0% |
|
Total Portfolio |
32 |
100.0% |
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|
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Top 20 holdings as at 30 July 2021 |
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Holding |
Sector |
% of Portfolio |
|
Federal Bank |
Financials - Banks |
6.2% |
|
Emami |
Consumer Staples |
5.0% |
|
PI Industries |
Materials |
4.2% |
|
IndusInd Bank |
Financials - Banks |
4.2% |
|
Welspun India |
Consumer Discretionary |
4.0% |
|
Ramkrishna Forgings |
Materials |
3.8% |
|
Tech Mahindra |
Information Technology |
3.8% |
|
IDFC Bank |
Financials - Banks |
3.8% |
|
Persistent Systems |
Information Technology |
3.4% |
|
Divi's Laboratories |
Health Care |
3.3% |
|
Gujarat Gas |
Utilities |
3.2% |
|
Sagar Cements |
Materials |
3.1% |
|
Kajaria Ceramics |
Industrials |
3.1% |
|
CCL Products India |
Consumer Staples |
3.1% |
|
JK Lakshmi Cement |
Materials |
3.0% |
|
Jyothy Laboratories |
Consumer Staples |
3.0% |
|
Neuland Laboratories |
Health Care |
2.9% |
|
Balkrishna Industries |
Consumer Discretionary |
2.9% |
|
Aarti Industries |
Materials |
2.9% |
|
Aegis Logistics |
Energy |
2.7% |
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Portfolio analysis by market capitalisation size as at 30 July 2021 |
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Market capitalisation size |
No. of Companies |
% of Portfolio |
|
Small Cap (M/Cap < US$1bn) |
8 |
21.8% |
|
Mid Cap (US$1bn < M/Cap < US$7bn) |
20 |
61.4% |
|
Large Cap (M/Cap > US$7bn) |
4 |
12.8% |
|
Total Equity Investment |
32 |
96.0% |
|
Net Cash |
|
4.0% |
|
Total Portfolio |
32 |
100.0% |
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