Net Asset Value

RNS Number : 4774H

India Capital Growth Fund Limited

06 April 2022

 

06 April 2022

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

Net Asset Value statement at 31 March 2022

The Company announces its Net Asset Value ("NAV") per ordinary share as at 31 March 2022 was 123.42 pence.

In March, the NAV was up 3.00% in Sterling terms, whilst the BSE MidCap TR Index was up 4.71%, delivering an underperformance against the notional benchmark of 1.71%. In local currency terms, the NAV was up 1.60%.

The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 31 March 2022 was 126.28 pence.

Portfolio analysis by sector as at 31 March 2022
Sector	No. of Companies	% of Portfolio
Materials	7	19.6%
Financials - Banks	4	18.7%
Consumer Discretionary	7	16.2%
Consumer Staples	3	10.1%
Information Technology	2	9.2%
Industrials	4	8.6%
Health Care	2	4.8%
Communication Services	1	3.8%
Financials - Diversified	1	2.5%
Energy	1	2.2%
Financials - Insurance	0	0.0%
Utilities	0	0.0%
Real Estate	0	0.0%
Total Equity Investment	32	95.9%
Net Cash		4.1%
Total Portfolio	32	100.0%
Top 20 holdings as at 31 March 2022
Holding	Sector	% of Portfolio
Federal Bank	Financials - Banks	6.6%
Persistent Systems	Information Technology	5.0%
Indusind Bank	Financials - Banks	4.6%
Emami	Consumer Staples	4.4%
Tech Mahindra	Information Technology	4.2%
Ramkrishna Forgings	Materials	4.1%
IDFC Bank	Financials - Banks	4.1%
Affle India	Communication Services	3.8%
City Union Bank	Financials - Banks	3.5%
PI Industries	Materials	3.3%
Sagar Cements	Materials	3.3%
Jyothy Laboratories	Consumer Staples	3.3%
Aarti Industries	Materials	3.2%
Balkrishna Industries	Consumer Discretionary	3.1%
Welspun India	Consumer Discretionary	3.1%
Kajaria Ceramics	Industrials	2.9%
Bajaj Electricals	Consumer Discretionary	2.8%
Divi's Laboratories	Health Care	2.6%
Sona BLW Precision Forgings	Consumer Discretionary	2.6%
Dixon Technologies	Consumer Discretionary	2.5%
Portfolio analysis by market capitalisation size as at 31 March 2022
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$2bn)	15	39.0%
Mid Cap (US$2bn < M/Cap < US$8bn)	14	45.5%
Large Cap (M/Cap > US$8bn)	3	11.4%
Total Equity Investment	32	95.9%
Net Cash		4.1%
Total Portfolio	32	100.0%

 

END

 

 

NAVKQLBBLZLEBBB