Net Asset Value

RNS Number : 7403I

India Capital Growth Fund Limited

06 December 2022

 

06 December 2022

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

Net Asset Value statement at 30 November 2022

The Company announces its Net Asset Value ("NAV") per ordinary share as at 30 November 2022 was 141.43 pence.

In November, the NAV was up 1.37% in Sterling terms, whilst the BSE MidCap TR Index was up 0.18%, delivering an outperformance against the notional benchmark of 1.19%. In local currency terms, the NAV was up 3.72%.

The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 30 November 2022 was 146.18 pence. 

Portfolio analysis by sector as at 30 November 2022
Sector	No. of Companies	% of Portfolio
Financials	6	26.3%
Materials	7	18.2%
Consumer Discretionary	7	15.0%
Industrials	5	12.0%
Consumer Staples	3	9.9%
Information Technology	3	7.4%
Health Care	2	3.6%
Communication Services	1	3.4%
Real Estate	0	0.0%
Energy	0	0.0%
Utilities	0	0.0%
Total Equity Investment	34	95.8%
Cash & cash equivalents		4.2%
Total Portfolio	34	100.0%
Top 20 holdings as at 30 November 2022
Holding	Sector	% of Portfolio
Federal Bank	Financials	6.9%
IDFC Bank	Financials	6.0%
Indusind Bank	Financials	5.1%
Ramkrishna Forgings	Materials	4.7%
City Union Bank	Financials	4.5%
Emami	Consumer Staples	4.2%
Persistent Systems	Information Technology	3.9%
PI Industries	Materials	3.6%
Affle India	Communication Services	3.4%
Neuland Laboratories	Health Care	3.3%
Balkrishna Industries	Consumer Discretionary	3.1%
Multi Commodity Exchange	Financials	3.0%
Kajaria Ceramics	Industrials	2.9%
JK Lakshmi Cement	Materials	2.9%
CCL Products India	Consumer Staples	2.9%
Jyothy Laboratories	Consumer Staples	2.9%
Skipper	Industrials	2.7%
Tech Mahindra	Information Technology	2.7%
Bajaj Electricals	Consumer Discretionary	2.5%
Sagar Cements	Materials	2.5%
Portfolio analysis by market capitalisation size as at 30 November 2022
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$2bn)	16	41.5%
Mid Cap (US$2bn < M/Cap < US$8bn)	16	46.6%
Large Cap (M/Cap > US$8bn)	2	7.7%
Total Equity Investment	34	95.8%
Net Cash		4.2%
Total Portfolio	34	100.0%

 

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