Net Asset Value

RNS Number : 6973U

India Capital Growth Fund Limited

06 December 2021

 

06 December 2021

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

Net Asset Value statement at 30 November 2021

The Company announces its Net Asset Value ("NAV") per ordinary share as at 30 November 2021 was 131.72 pence. 

In November, the NAV was down 0.48% in Sterling terms, whilst the BSE MidCap TR Index was up 0.88%, delivering an underperformance against the notional benchmark of 1.37%. In local currency terms, the NAV was down 3.50%.

The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 30 November 2021 was 135.38 pence.

Portfolio analysis by sector as at 30 November 2021
Sector	No. of Companies	% of Portfolio
Materials	7	19.8%
Consumer Discretionary	6	16.4%
Financials - Banks	4	15.7%
Consumer Staples	4	10.5%
Information Technology	2	9.4%
Industrials	4	9.3%
Health Care	2	6.1%
Communication Services	1	2.8%
Utilities	1	2.6%
Financials - Diversified	1	2.5%
Energy	1	2.0%
Financials - Insurance	0	0.0%
Real Estate	0	0.0%
Total Equity Investment	33	97.1%
Net Cash		2.9%
Total Portfolio	33	100.0%
Top 20 holdings as at 30 November 2021
Holding	Sector	% of Portfolio
Federal Bank	Financials - Banks	6.2%
Tech Mahindra	Information Technology	4.9%
Emami	Consumer Staples	4.7%
Persistent Systems	Information Technology	4.5%
Ramkrishna Forgings	Materials	4.1%
Welspun India	Consumer Discretionary	4.1%
IndusInd Bank	Financials - Banks	3.8%
PI Industries	Materials	3.7%
Kajaria Ceramics	Industrials	3.6%
IDFC Bank	Financials - Banks	3.3%
Neuland Laboratories	Health Care	3.1%
Sagar Cements	Materials	3.1%
Dixon Technologies	Consumer Discretionary	3.1%
Divi's Laboratories	Health Care	3.0%
Sona BLW Precision Forgings Limited	Consumer Discretionary	2.9%
Aarti Industries	Materials	2.9%
CCL Products India	Consumer Staples	2.8%
JK Lakshmi Cement	Materials	2.8%
Affle India Ltd	Communication Services	2.8%
Jyothy Laboratories	Consumer Staples	2.7%
Portfolio analysis by market capitalisation size as at 30 November 2021
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$2bn)	16	39.5%
Mid Cap (US$2bn < M/Cap < US$8bn)	14	46.0%
Large Cap (M/Cap > US$8bn)	3	11.6%
Total Equity Investment	33	97.1%
Net Cash		2.9%
Total Portfolio	33	100.0%

 

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