Net Asset Value

RNS Number : 8325K

India Capital Growth Fund Limited

06 September 2021

 

06 September 2021

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

Net Asset Value statement at 31 August 2021

The Company announces its Net Asset Value ("NAV") per ordinary share as at 31 August 2021 was 131.44 pence. 

In August, the NAV was up 3.10% in Sterling terms, whilst the BSE MidCap TR Index was up 6.26%, delivering an underperformance against the notional benchmark of 3.16%. In local currency terms, the NAV was up 0.34% for the month.

The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 31 August 2021 was 134.90 pence.

Portfolio analysis by sector as at 31 August 2021
Sector	No. of Companies	% of Portfolio
Materials	7	21.7%
Financials - Banks	4	15.1%
Consumer Discretionary	5	12.9%
Consumer Staples	4	12.8%
Industrials	4	9.3%
Information Technology	2	8.1%
Health Care	2	6.0%
Utilities	1	2.8%
Financials - Diversified	1	2.4%
Communication Services	1	2.3%
Energy	1	2.3%
Financials - Insurance	1	1.6%
Real Estate	0	0.0%
Total Equity Investment	33	97.4%
Net Cash		2.6%
Total Portfolio	33	100.0%
Top 20 holdings as at 31 August 2021
Holding	Sector	% of Portfolio
Federal Bank	Financials - Banks	5.7%
Emami	Consumer Staples	5.3%
Tech Mahindra	Information Technology	4.5%
Ramkrishna Forgings	Materials	4.5%
PI Industries	Materials	4.3%
IndusInd Bank	Financials - Banks	4.3%
Welspun India	Consumer Discretionary	3.8%
Kajaria Ceramics	Industrials	3.7%
Persistent Systems	Information Technology	3.6%
Sagar Cements	Materials	3.3%
Divi's Laboratories	Health Care	3.1%
IDFC Bank	Financials - Banks	3.1%
JK Lakshmi Cement	Materials	3.1%
Neuland Laboratories	Health Care	2.9%
Aarti Industries	Materials	2.9%
Jyothy Laboratories	Consumer Staples	2.8%
Balkrishna Industries	Consumer Discretionary	2.8%
CCl Products India	Consumer Staples	2.8%
Gujarat Gas	Utilities	2.8%
Dixon Technologies	Consumer Discretionary	2.5%
Portfolio analysis by market capitalisation size as at 31 August 2021
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$1bn)	9	23.9%
Mid Cap (US$1bn < M/Cap < US$7bn)	19	55.6%
Large Cap (M/Cap > US$7bn)	5	17.8%
Total Equity Investment	33	97.4%
Net Cash		2.6%
Total Portfolio	33	100.0%

 

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