Net Asset Value

RNS Number : 2596R

India Capital Growth Fund Limited

04 November 2021

 

04 November 2021

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

Net Asset Value statement at 29 October 2021

The Company announces its Net Asset Value ("NAV") per ordinary share as at 29 October 2021 was 132.36 pence. 

In October, the NAV was down 3.11% in Sterling terms, whilst the BSE MidCap TR Index was down 3.04%, delivering performance almost in line with the notional benchmark. In local currency terms, the NAV was almost unchanged for the month.

The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 29 October 2021 was 136.11 pence.

Portfolio analysis by sector as at 29 October 2021
Sector	No. of Companies	% of Portfolio
Materials	7	20.6%
Financials - Banks	4	17.1%
Consumer Discretionary	5	13.9%
Consumer Staples	4	11.5%
Industrials	4	9.2%
Information Technology	2	8.6%
Health Care	2	5.9%
Financials - Diversified	1	2.6%
Communication Services	1	2.5%
Utilities	1	2.3%
Energy	1	1.8%
Financials - Insurance	0	0.0%
Real Estate	0	0.0%
Total Equity Investment	32	96.1%
Net Cash		3.9%
Total Portfolio	32	100.0%
Top 20 holdings as at 29 October 2021
Holding	Sector	% of Portfolio
Federal Bank	Financials - Banks	6.7%
Ramkrishna Forgings	Materials	4.8%
IndusInd Bank	Financials - Banks	4.7%
Emami	Consumer Staples	4.6%
Tech Mahindra	Information Technology	4.5%
Persistent Systems	Information Technology	4.2%
Welspun India	Consumer Discretionary	4.0%
PI Industries	Materials	3.7%
Kajaria Ceramics	Industrials	3.7%
IDFC Bank	Financials - Banks	3.5%
Sagar Cements	Materials	3.2%
Divi's Laboratories	Health Care	3.0%
Balkrishna Industries	Consumer Discretionary	2.9%
Neuland Laboratories	Health Care	2.9%
Dixon Technologies	Consumer Discretionary	2.9%
Aarti Industries	Materials	2.9%
Jyothy Laboratories	Consumer Staples	2.7%
JK Lakshmi Cement	Materials	2.6%
Multi Commodity Exchange	Financials - Diversified	2.6%
CCl Products India	Consumer Staples	2.6%
Portfolio analysis by market capitalisation size as at 29 October 2021
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$2bn)	17	42.3%
Mid Cap (US$2bn < M/Cap < US$8bn)	12	41.6%
Large Cap (M/Cap > US$8bn)	3	12.2%
Total Equity Investment	32	96.1%
Net Cash		3.9%
Total Portfolio	32	100.0%

 

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