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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