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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