Net Asset Value

RNS Number : 4952E

India Capital Growth Fund Limited

06 November 2020

 

6 November 2020

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

Net Asset Value statement at 30 October 2020

The Company announces its Net Asset Value per share as at 30 October 2020 was 86.78 pence.

In October, the Net Asset Value (NAV) was up 0.8% in Sterling terms, whilst the BSE MidCap TR Index was down 0.3%, delivering an outperformance against the notional benchmark of 1.1%. In local currency terms, the NAV was up 2.5% for the month.

Portfolio analysis by sector as at 30 October 2020
Sector	No. of Companies	% of Portfolio
Materials	8	24.4%
Consumer Staples	4	15.0%
Financials - Banks	4	14.1%
Consumer Discretionary	4	10.2%
Industrials	4	10.0%
Health Care	2	7.6%
Information Technology	3	5.6%
Utilities	1	3.4%
Financials - Diversified	1	3.5%
Energy	1	2.5%
Financials - Insurance	1	2.0%
Real Estate	1	0.1%
Communication Services	0	0.0%
Total Equity Investment	34	98.4%
Net Cash		1.6%
Total Portfolio	34	100.0%
Top 20 holdings as at 30 October 2020
Holding	Sector	% of Portfolio
PI Industries	Materials	5.6%
Emami	Consumer Staples	5.4%
Federal Bank	Financials - Banks	4.5%
Divi's Laboratories	Health Care	4.4%
Tech Mahindra	Information Technology	4.1%
IndusInd Bank	Financials - Banks	4.1%
Jyothy Laboratories	Consumer Staples	3.6%
Multi Commodity Exchange	Financials - Diversified	3.5%
Gujarat Gas	Utilities	3.4%
Welspun India	Consumer Discretionary	3.3%
Kajaria Ceramics	Industrials	3.3%
Bajaj Consumer Care	Consumer Staples	3.3%
City Union Bank	Financials - Banks	3.2%
Neuland Laboratories	Health Care	3.2%
JK Lakshmi Cement	Materials	3.1%
Balkrishna Industries	Consumer Discretionary	3.0%
Sagar Cements	Materials	2.9%
Skipper	Industrials	2.8%
CCL Products India	Consumer Staples	2.7%
Essel Propack	Materials	2.7%
Portfolio analysis by market capitalisation size as at 30 October 2020
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$1bn)	14	34.7%
Mid Cap (US$1bn < M/Cap < US$7bn)	16	50.4%
Large Cap (M/Cap > US$7bn)	4	13.2%
Total Equity Investment	34	98.4%
Net Cash		1.6%
Total Portfolio	34	100.0%

 

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