Net Asset Value
06 July 2021
India Capital Growth Fund Limited (the "Company" or "ICGF")
Net Asset Value statement at 30 June 2021
The Company announces its Net Asset Value per share as at 30 June 2021 was 125.22 pence.
In June, the Net Asset Value (NAV) was up 6.18% in Sterling terms, whilst the BSE MidCap TR Index was up 3.58%, delivering an outperformance against the notional benchmark of 2.60%. In local currency terms, the NAV was up 6.26% for the month.
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Portfolio analysis by sector as at 30 June 2021 |
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Sector |
No. of Companies |
% of Portfolio |
|
Materials |
7 |
20.4% |
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Financials - Banks |
4 |
17.1% |
|
Consumer Staples |
4 |
13.1% |
|
Consumer Discretionary |
5 |
11.8% |
|
Industrials |
4 |
9.9% |
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Information Technology |
2 |
7.0% |
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Health Care |
2 |
6.5% |
|
Utilities |
1 |
4.0% |
|
Energy |
1 |
3.1% |
|
Financials - Diversified |
1 |
2.5% |
|
Financials - Insurance |
1 |
1.7% |
|
Real Estate |
0 |
0.0% |
|
Communication Services |
0 |
0.0% |
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Total Equity Investment |
32 |
97.0% |
|
Net Cash |
|
3.0% |
|
Total Portfolio |
32 |
100.0% |
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Top 20 holdings as at 30 June 2021 |
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Holding |
Sector |
% of Portfolio |
|
Federal Bank |
Financials - Banks |
6.0% |
|
Emami |
Consumer Staples |
5.2% |
|
IndusInd Bank |
Financials - Banks |
4.6% |
|
PI Industries |
Materials |
4.4% |
|
IDFC Bank |
Financials - Banks |
4.2% |
|
Gujarat Gas |
Utilities |
4.0% |
|
Tech Mahindra |
Information Technology |
3.6% |
|
Persistent Systems |
Information Technology |
3.4% |
|
Neuland Laboratories |
Health Care |
3.4% |
|
Kajaria Ceramics |
Industrials |
3.2% |
|
Ramkrishna Forgings |
Materials |
3.2% |
|
Aegis Logistics |
Energy |
3.1% |
|
Divi's Laboratories |
Health Care |
3.1% |
|
JK Lakshmi Cement |
Materials |
3.1% |
|
Welspun India |
Consumer Discretionary |
3.1% |
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Balkrishna Industries |
Consumer Discretionary |
2.9% |
|
Jyothy Laboratories |
Consumer Staples |
2.9% |
|
Aarti Industries |
Materials |
2.8% |
|
Dixon Technologies |
Consumer Discretionary |
2.8% |
|
Skipper |
Industrials |
2.8% |
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Portfolio analysis by market capitalisation size as at 30 June 2021 |
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Market capitalisation size |
No. of Companies |
% of Portfolio |
|
Small Cap (M/Cap < US$1bn) |
9 |
24.2% |
|
Mid Cap (US$1bn < M/Cap < US$7bn) |
19 |
59.9% |
|
Large Cap (M/Cap > US$7bn) |
4 |
13.0% |
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Total Equity Investment |
32 |
97.0% |
|
Net Cash |
|
3.0% |
|
Total Portfolio |
32 |
100.0% |
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