Net Asset Value

RNS Number : 1831R

India Capital Growth Fund Limited

04 March 2021

 

04 March 2021

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

Net Asset Value statement at 26 February 2021

The Company announces its Net Asset Value per share as at 26 February 2021 was 106.59 pence. 

In February, the Net Asset Value (NAV) was up 8.33% in Sterling terms, whilst the BSE MidCap TR Index was up 8.63%, delivering an underperformance against the notional benchmark of 0.3%. In local currency terms, the NAV was up 10.37% for the month.

Portfolio analysis by sector as at 26 February 2021
Sector	No. of Companies	% of Portfolio
Financials - Banks	4	20.1%
Materials	7	19.1%
Consumer Staples	4	12.6%
Industrials	4	10.7%
Consumer Discretionary	4	10.0%
Health Care	2	6.7%
Information Technology	3	6.3%
Utilities	1	4.3%
Energy	1	3.4%
Financials - Diversified	1	3.0%
Financials - Insurance	1	1.8%
Real Estate	1	0.1%
Communication Services	0	0.0%
Total Equity Investment	33	98.1%
Net Cash		1.9%
Total Portfolio	33	100.0%
Top 20 holdings as at 26 February 2021
Holding	Sector	% of Portfolio
Federal Bank	Financials - Banks	6.8%
IndusInd Bank	Financials - Banks	5.7%
Emami	Consumer Staples	5.2%
IDFC Bank	Financials - Banks	4.9%
Gujarat Gas	Utilities	4.3%
PI Industries	Materials	4.1%
Kajaria Ceramics	Industrials	3.9%
Neuland Laboratories	Health Care	3.9%
Tech Mahindra	Information Technology	3.6%
Ramkrishna Forgings	Materials	3.5%
Aegis Logistics	Energy	3.4%
JK Lakshmi Cement	Materials	3.1%
Jyothy Laboratories	Consumer Staples	3.0%
Multi Commodity Exchange	Financials - Diversified	3.0%
Dixon Technologies	Consumer Discretionary	3.0%
Divi's Laboratories	Health Care	2.8%
Skipper	Industrials	2.8%
City Union Bank	Financials - Banks	2.8%
Balkrishna Industries	Consumer Discretionary	2.6%
Welspun India	Consumer Discretionary	2.6%
Portfolio analysis by market capitalisation size as at 26 February 2021
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$1bn)	14	31.6%
Mid Cap (US$1bn < M/Cap < US$7bn)	15	52.5%
Large Cap (M/Cap > US$7bn)	4	13.9%
Total Equity Investment	33	98.1%
Net Cash		1.9%
Total Portfolio	33	100.0%

 

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