Net Asset Value

RNS Number : 9467L

India Capital Growth Fund Limited

06 January 2023

 

06 January 2023

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

Net Asset Value statement at 30 December 2022

The Company announces its Net Asset Value ("NAV") per ordinary share as at 30 December 2022 was 140.06 pence.

In December, the NAV was down 0.97% in Sterling terms, whilst the BSE MidCap TR Index was down 4.40%, delivering an outperformance against the notional benchmark of 3.43%. In local currency terms, the NAV was up 1.05%.

The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 30 December 2022 was 144.81 pence. 

Portfolio analysis by sector as at 30 December 2022
Sector	No. of Companies	% of Portfolio
Financials	6	26.3%
Materials	7	18.0%
Consumer Discretionary	8	16.7%
Industrials	5	12.6%
Consumer Staples	3	9.3%
Information Technology	3	6.9%
Health Care	2	3.4%
Communication Services	1	2.9%
Real Estate	0	0.0%
Energy	0	0.0%
Utilities	0	0.0%
Total Equity Investment	35	96.0%
Cash & cash equivalents		4.0%
Total Portfolio	35	100.0%
Top 20 holdings as at 30 December 2022
Holding	Sector	% of Portfolio
Federal Bank	Financials	7.2%
IDFC Bank	Financials	5.9%
Indusind Bank	Financials	5.2%
City Union Bank	Financials	4.2%
Ramkrishna Forgings	Materials	4.1%
Emami	Consumer Staples	3.7%
Persistent Systems	Information Technology	3.6%
PI Industries	Materials	3.5%
JK Lakshmi Cement	Materials	3.3%
Skipper	Industrials	3.3%
Balkrishna Industries	Consumer Discretionary	3.2%
Neuland Laboratories	Health Care	3.1%
Kajaria Ceramics	Industrials	2.9%
Affle India	Communication Services	2.9%
Jyothy Laboratories	Consumer Staples	2.9%
Multi Commodity Exchange	Financials	2.8%
CCL Products India	Consumer Staples	2.8%
Bajaj Electricals	Consumer Discretionary	2.7%
Sagar Cements	Materials	2.7%
Tech Mahindra	Information Technology	2.5%
Portfolio analysis by market capitalisation size as at 30 December 2022
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$2bn)	18	46.5%
Mid Cap (US$2bn < M/Cap < US$8bn)	15	41.8%
Large Cap (M/Cap > US$8bn)	2	7.7%
Total Equity Investment	35	96.0%
Net Cash		4.0%
Total Portfolio	35	100.0%

 

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