Net Asset Value

RNS Number : 9358K
India Capital Growth Fund Limited
07 January 2021
 

7 January 2021

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

Net Asset Value statement at 31 December 2020

The Company announces its Net Asset Value per share as at 31 December 2020 was 97.70 pence. 

In December, the Net Asset Value (NAV) was up 2.4% in Sterling terms, whilst the BSE MidCap TR Index was up 5.1%, delivering an underperformance against the notional benchmark of 2.7%. In local currency terms, the NAV was up 3.4% for the month.

 

Portfolio analysis by sector as at 31 December 2020




Sector

No. of Companies

% of Portfolio

Materials

7

20.1%

Financials - Banks

4

17.3%

Consumer Staples

4

14.6%

Industrials

4

10.5%

Consumer Discretionary

4

10.4%

Information Technology

3

6.8%

Health Care

2

6.6%

Utilities

1

3.7%

Financials - Diversified

1

3.1%

Energy

1

2.6%

Financials - Insurance

1

2.2%

Real Estate

1

0.1%

Communication Services

0

0.0%

Total Equity Investment

33

98.0%

Net Cash


2.0%

Total Portfolio

33

100.0%




 

Top 20 holdings as at 31 December 2020




Holding

Sector

% of Portfolio

Federal Bank

Financials - Banks

6.0%

Emami

Consumer Staples

5.4%

IndusInd Bank

Financials - Banks

5.4%

PI Industries

Materials

4.8%

Tech Mahindra

Information Technology

4.3%

Divi's Laboratories

Health Care

4.1%

Gujarat Gas

Utilities

3.7%

Kajaria Ceramics

Industrials

3.5%

City Union Bank

Financials - Banks

3.4%

Jyothy Laboratories

Consumer Staples

3.3%

Bajaj Consumer Care

Consumer Staples

3.2%

JK Lakshmi Cement

Materials

3.1%

Balkrishna Industries

Consumer Discretionary

3.1%

Skipper

Industrials

3.1%

Multi Commodity Exchange

Financials - Diversified

3.1%

Ramkrishna Forgings

Materials

3.0%

Welspun India

Consumer Discretionary

2.9%

Aarti Industries

Materials

2.7%

Aegis Logistics

Energy

2.6%

CCL Products India

Consumer Staples

2.6%

 

Portfolio analysis by market capitalisation size as at 31 December 2020

 

Market capitalisation size

No. of Companies

% of Portfolio

Small Cap (M/Cap < US$1bn)

13

30.5%

Mid Cap (US$1bn < M/Cap < US$7bn)

16

51.6%

Large Cap (M/Cap > US$7bn)

4

15.9%

Total Equity Investment

33

98.0%

Net Cash


2.0%

Total Portfolio

33

100.0%

 

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