Net Asset Value
04 June 2021
India Capital Growth Fund Limited (the "Company" or "ICGF")
Net Asset Value statement at 31 May 2021
The Company announces its Net Asset Value per share as at 31 May 2021 was 117.93 pence.
In May, the Net Asset Value (NAV) was up 7.62% in Sterling terms, whilst the BSE MidCap TR Index was up 7.47%, delivering an outperformance against the notional benchmark of 0.15%. In local currency terms, the NAV was up 7.32% for the month.
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Portfolio analysis by sector as at 31 May 2021 |
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Sector |
No. of Companies |
% of Portfolio |
|
Materials |
7 |
20.1% |
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Financials - Banks |
4 |
18.6% |
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Consumer Staples |
4 |
13.1% |
|
Consumer Discretionary |
4 |
10.6% |
|
Industrials |
4 |
9.6% |
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Information Technology |
3 |
7.0% |
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Health Care |
2 |
6.6% |
|
Utilities |
1 |
4.2% |
|
Energy |
1 |
3.6% |
|
Financials - Diversified |
1 |
2.7% |
|
Financials - Insurance |
1 |
1.7% |
|
Real Estate |
1 |
0.1% |
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Communication Services |
0 |
0.0% |
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Total Equity Investment |
33 |
97.8% |
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Net Cash |
|
2.2% |
|
Total Portfolio |
33 |
100.0% |
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Top 20 holdings as at 31 May 2021 |
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Holding |
Sector |
% of Portfolio |
|
Federal Bank |
Financials - Banks |
6.3% |
|
Emami |
Consumer Staples |
5.0% |
|
IndusInd Bank |
Financials - Banks |
4.9% |
|
IDFC Bank |
Financials - Banks |
4.8% |
|
PI Industries |
Materials |
4.4% |
|
Gujarat Gas |
Utilities |
4.2% |
|
Tech Mahindra |
Information Technology |
3.6% |
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Aegis Logistics |
Energy |
3.6% |
|
Neuland Laboratories |
Health Care |
3.5% |
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JK Lakshmi Cement |
Materials |
3.4% |
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Kajaria Ceramics |
Industrials |
3.4% |
|
Ramkrishna Forgings |
Materials |
3.3% |
|
Divi's Laboratories |
Health Care |
3.1% |
|
Persistent Systems |
Information Technology |
3.1% |
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Balkrishna Industries |
Consumer Discretionary |
3.0% |
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Welspun India |
Consumer Discretionary |
3.0% |
|
Aarti Industries |
Materials |
2.9% |
|
Jyothy Laboratories |
Consumer Staples |
2.8% |
|
CCL Products India |
Consumer Staples |
2.8% |
|
Multi Commodity Exchange |
Financials - Diversified |
2.7% |
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Portfolio analysis by market capitalisation size as at 31 May 2021 |
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Market capitalisation size |
No. of Companies |
% of Portfolio |
|
Small Cap (M/Cap < US$1bn) |
13 |
29.1% |
|
Mid Cap (US$1bn < M/Cap < US$7bn) |
16 |
55.4% |
|
Large Cap (M/Cap > US$7bn) |
4 |
13.3% |
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Total Equity Investment |
33 |
97.8% |
|
Net Cash |
|
2.2% |
|
Total Portfolio |
33 |
100.0% |
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