Net Asset Value

RNS Number : 3668F

India Capital Growth Fund Limited

04 November 2022

 

04 November 2022

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

Net Asset Value statement at 31 October 2022

The Company announces its Net Asset Value ("NAV") per ordinary share as at 31 October 2022 was 139.52 pence.

In October, the NAV was down 2.12% in Sterling terms, whilst the BSE MidCap TR Index was down 3.04%, delivering an outperformance against the notional benchmark of 0.91%. In local currency terms, the NAV was up 3.01%.

The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 31 October 2022 was 143.85 pence. 

Portfolio analysis by sector as at 31 October 2022
Sector	No. of Companies	% of Portfolio
Financials	6	26.9%
Materials	7	18.1%
Consumer Discretionary	7	15.9%
Industrials	5	10.8%
Consumer Staples	3	10.0%
Information Technology	3	7.2%
Health Care	3	4.3%
Communication Services	1	3.2%
Real Estate	0	0.0%
Energy	0	0.0%
Utilities	0	0.0%
Total Equity Investment	35	96.4%
Cash & cash equivalents		3.6%
Total Portfolio	35	100.0%
Top 20 holdings as at 31 October 2022
Holding	Sector	% of Portfolio
Federal Bank	Financials	7.1%
IDFC Bank	Financials	6.0%
Indusind Bank	Financials	5.2%
Ramkrishna Forgings	Materials	5.1%
City Union Bank	Financials	4.6%
Emami	Consumer Staples	4.3%
Persistent Systems	Information Technology	3.6%
PI Industries	Materials	3.5%
Affle India	Communication Services	3.2%
Balkrishna Industries	Consumer Discretionary	3.1%
Multi Commodity Exchange	Financials	3.1%
Neuland Laboratories	Health Care	2.9%
Jyothy Laboratories	Consumer Staples	2.9%
Kajaria Ceramics	Industrials	2.8%
Bajaj Electrical	Consumer Discretionary	2.8%
CCL Products India	Consumer Staples	2.7%
Tech Mahindra	Information Technology	2.7%
Dixon Technologies	Consumer Discretionary	2.7%
Sagar Cements	Materials	2.4%
Welspun India	Consumer Discretionary	2.4%
Portfolio analysis by market capitalisation size as at 31 October 2022
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$2bn)	16	42.5%
Mid Cap (US$2bn < M/Cap < US$8bn)	16	44.9%
Large Cap (M/Cap > US$8bn)	3	9.0%
Total Equity Investment	35	96.4%
Net Cash		3.6%
Total Portfolio	35	100.0%

 

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