Net Asset Value

RNS Number : 9418U

India Capital Growth Fund Limited

04 August 2022

 

04 August 2022

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

Net Asset Value statement at 29 July 2022

The Company announces its Net Asset Value ("NAV") per ordinary share as at 29 July 2022 was 125.86 pence.

In July, the NAV was up 9.44% in Sterling terms, whilst the BSE MidCap TR Index was up 9.92%, delivering an underperformance against the notional benchmark of 0.47%. In local currency terms, the NAV was up 10.52%.

The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 29 July 2022 was 129.10 pence. 

Portfolio analysis by sector as at 29 July 2022
Sector	No. of Companies	% of Portfolio
Financials	6	24.0%
Materials	7	18.5%
Consumer Discretionary	7	15.5%
Consumer Staples	3	10.0%
Industrials	4	9.6%
Information Technology	3	7.8%
Health Care	2	4.7%
Communication Services	1	3.3%
Real Estate	0	0.0%
Energy	0	0.0%
Utilities	0	0.0%
Total Equity Investment	33	93.2%
Net Cash		6.8%
Total Portfolio	33	100.0%
Top 20 holdings as at 29 July 2022
Holding	Sector	% of Portfolio
Federal Bank	Financials	6.5%
Indusind Bank	Financials	5.2%
Ramkrishna Forgings	Materials	4.6%
Emami	Consumer Staples	4.5%
IDFC Bank	Financials	4.4%
City Union Bank	Financials	4.3%
Persistent Systems	Information Technology	3.9%
PI Industries	Materials	3.7%
Kajaria Ceramics	Industrials	3.4%
Balkrishna Industries	Consumer Discretionary	3.3%
Affle India	Communication Services	3.3%
Tech Mahindra	Information Technology	3.0%
Bajaj Electricals	Consumer Discretionary	2.9%
Neuland Laboratories	Health Care	2.8%
Jyothy Laboratories	Consumer Staples	2.8%
CCL Products India	Consumer Staples	2.7%
Aarti Industries	Materials	2.6%
Multi Commodity Exchange	Financials	2.5%
Dixon Technologies	Consumer Discretionary	2.4%
Welspun India	Consumer Discretionary	2.4%
Portfolio analysis by market capitalisation size as at 29 July 2022
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$2bn)	15	40.6%
Mid Cap (US$2bn < M/Cap < US$8bn)	15	42.7%
Large Cap (M/Cap > US$8bn)	3	10.0%
Total Equity Investment	33	93.2%
Net Cash		6.8%
Total Portfolio	33	100.0%

 

END

 

 

NAVKZLBBLVLZBBQ