Net Asset Value

RNS Number : 1989O

India Capital Growth Fund Limited

06 October 2021

 

06 October 2021

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

Net Asset Value statement at 30 September 2021

The Company announces its Net Asset Value ("NAV") per ordinary share as at 30 September 2021 was 136.61 pence. 

In September, the NAV was up 3.93% in Sterling terms, whilst the BSE MidCap TR Index was up 7.18%, delivering an underperformance against the notional benchmark of 3.25%. In local currency terms, the NAV was up 2.82% for the month.

The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 30 September 2021 was 140.48 pence.

Portfolio analysis by sector as at 30 September 2021
Sector	No. of Companies	% of Portfolio
Materials	7	20.9%
Financials - Banks	4	15.8%
Consumer Discretionary	5	14.6%
Consumer Staples	4	12.3%
Industrials	4	9.4%
Information Technology	2	8.1%
Health Care	2	5.5%
Financials - Diversified	1	2.5%
Communication Services	1	2.5%
Utilities	1	2.4%
Energy	1	1.9%
Financials - Insurance	0	0.0%
Real Estate	0	0.0%
Total Equity Investment	32	96.0%
Net Cash		4.0%
Total Portfolio	32	100.0%
Top 20 holdings as at 30 September 2021
Holding	Sector	% of Portfolio
Federal Bank	Financials - Banks	5.8%
Emami	Consumer Staples	4.9%
Welspun India	Consumer Discretionary	4.9%
Ramkrishna Forgings	Materials	4.8%
IndusInd Bank	Financials - Banks	4.6%
Tech Mahindra	Information Technology	4.2%
Persistent Systems	Information Technology	3.9%
PI Industries	Materials	3.9%
Kajaria Ceramics	Industrials	3.6%
Sagar Cements	Materials	3.4%
IDFC Bank	Financials - Banks	3.4%
Balkrishna Industries	Consumer Discretionary	3.0%
Jyothy Laboratories	Consumer Staples	2.9%
Divi's Laboratories	Health Care	2.8%
Aarti Industries	Materials	2.8%
Neuland Laboratories	Health Care	2.7%
Dixon Technologies	Consumer Discretionary	2.7%
JK Lakshmi Cement	Materials	2.6%
CCl Products India	Consumer Staples	2.6%
Multi Commodity Exchange	Financials - Diversified	2.5%
Portfolio analysis by market capitalisation size as at 30 September 2021
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$1bn)	9	24.2%
Mid Cap (US$1bn < M/Cap < US$7bn)	20	60.1%
Large Cap (M/Cap > US$7bn)	3	11.6%
Total Equity Investment	32	96.0%
Net Cash		4.0%
Total Portfolio	32	100.0%

 

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