Net Asset Value

RNS Number : 5020R

India Capital Growth Fund Limited

06 July 2022

 

06 July 2022

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

Net Asset Value statement at 30 June 2022

The Company announces its Net Asset Value ("NAV") per ordinary share as at 30 June 2022 was 115.00 pence.

In June, the NAV was down 2.07% in Sterling terms, whilst the BSE MidCap TR Index was down 4.13%, delivering an outperformance against the notional benchmark of 2.06%. In local currency terms, the NAV was down 3.98%.

The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 30 June 2022 was 117.13 pence. 

Portfolio analysis by sector as at 30 June 2022
Sector	No. of Companies	% of Portfolio
Financials	7	22.8%
Materials	7	18.4%
Consumer Discretionary	7	16.3%
Consumer Staples	3	10.1%
Industrials	4	9.5%
Information Technology	3	8.1%
Health Care	2	4.8%
Communication Services	1	3.6%
Real Estate	0	0.0%
Energy	0	0.0%
Utilities	0	0.0%
Total Equity Investment	34	93.6%
Net Cash		6.4%
Total Portfolio	34	100.0%
Top 20 holdings as at 30 June 2022
Holding	Sector	% of Portfolio
Federal Bank	Financials	6.6%
Ramkrishna Forgings	Materials	4.7%
Emami	Consumer Staples	4.7%
Indusind Bank	Financials	4.4%
Persistent Systems	Information Technology	4.0%
City Union Bank	Financials	4.0%
Affle India	Communication Services	3.6%
IDFC Bank	Financials	3.6%
Balkrishna Industries	Consumer Discretionary	3.5%
PI Industries	Materials	3.4%
Tech Mahindra	Information Technology	3.1%
Kajaria Ceramics	Industrials	3.0%
Bajaj Electricals	Consumer Discretionary	3.0%
Neuland Laboratories	Health Care	2.8%
Jyothy Laboratories	Consumer Staples	2.8%
Aarti Industries	Materials	2.6%
Welspun India	Consumer Discretionary	2.6%
Multi Commodity Exchange	Financials	2.6%
CCL Products India	Consumer Staples	2.6%
Dixon Technologies	Consumer Discretionary	2.6%
Portfolio analysis by market capitalisation size as at 30 June 2022
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$2bn)	17	45.9%
Mid Cap (US$2bn < M/Cap < US$8bn)	15	42.6%
Large Cap (M/Cap > US$8bn)	2	5.1%
Total Equity Investment	34	93.6%
Net Cash		6.4%
Total Portfolio	34	100.0%

 

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