Net Asset Value

RNS Number : 7484A

India Capital Growth Fund Limited

04 February 2022

 

04 February 2022

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

Net Asset Value statement at 31 January 2022

The Company announces its Net Asset Value ("NAV") per ordinary share as at 31 January 2022 was 131.74 pence. 

In January, the NAV was down 2.22% in Sterling terms, whilst the BSE MidCap TR Index was down 1.75%, delivering an underperformance against the notional benchmark of 0.47%. In local currency terms, the NAV was down 1.90%.

The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 31 January 2022 was 135.48 pence.

Portfolio analysis by sector as at 31 January 2022
Sector	No. of Companies	% of Portfolio
Materials	7	19.0%
Financials - Banks	4	17.7%
Consumer Discretionary	6	16.6%
Consumer Staples	3	10.2%
Industrials	4	10.1%
Information Technology	2	8.1%
Health Care	2	5.1%
Communication Services	1	3.7%
Financials - Diversified	1	2.5%
Energy	1	2.0%
Utilities	1	2.0%
Financials - Insurance	0	0.0%
Real Estate	0	0.0%
Total Equity Investment	32	97.1%
Net Cash		2.9%
Total Portfolio	32	100.0%
Top 20 holdings as at 31 January 2022
Holding	Sector	% of Portfolio
Federal Bank	Financials - Banks	6.4%
Emami	Consumer Staples	4.6%
Ramkrishna Forgings	Materials	4.6%
Welspun India	Consumer Discretionary	4.4%
Persistent Systems	Information Technology	4.3%
IDFC Bank	Financials - Banks	4.2%
IndusInd Bank	Financials - Banks	4.0%
Tech Mahindra	Information Technology	3.8%
Affle India Ltd	Communication Services	3.7%
Kajaria Ceramics	Industrials	3.5%
City Union Bank	Financials - Banks	3.2%
Balkrishna Industries	Consumer Discretionary	3.1%
Aarti Industries	Materials	3.1%
Neuland Laboratories	Health Care	2.9%
Sagar Cements	Materials	2.9%
Jyothy Laboratories	Consumer Staples	2.9%
Bajaj Electricals Ltd	Consumer Discretionary	2.8%
CCL Products India	Consumer Staples	2.7%
PI Industries	Materials	2.7%
Multi Commodity Exchange	Financials - Diversified	2.5%
Portfolio analysis by market capitalisation size as at 31 January 2022
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$2bn)	15	41.6%
Mid Cap (US$2bn < M/Cap < US$8bn)	14	45.5%
Large Cap (M/Cap > US$8bn)	3	10.0%
Total Equity Investment	32	97.1%
Net Cash		2.9%
Total Portfolio	32	100.0%

 

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