Net Asset Value

RNS Number : 0244P

India Capital Growth Fund Limited

06 February 2023

 

06 February 2023

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

Net Asset Value statement at 31 January 2023

The Company announces its Net Asset Value ("NAV") per ordinary share as at 31 January 2023 was 133.08 pence.

In January, the NAV was down 4.98% in Sterling terms, whilst the BSE MidCap TR Index was down 3.74%, delivering an underperformance against the notional benchmark of 1.24%. In local currency terms, the NAV was down 3.88%. 

The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 31 January 2023 was 137.26 pence. 

Portfolio analysis by sector as at 31 January 2023
Sector	No. of Companies	% of Portfolio
Financials	6	25.8%
Materials	7	17.6%
Industrials	6	14.6%
Consumer Discretionary	7	14.6%
Consumer Staples	3	10.0%
Information Technology	2	6.6%
Health Care	2	3.1%
Communication Services	1	3.1%
Real Estate	0	0.0%
Energy	0	0.0%
Utilities	0	0.0%
Total Equity Investment	34	95.3%
Cash & cash equivalents		4.7%
Total Portfolio	34	100.0%
Top 20 holdings as at 31 January 2023
Holding	Sector	% of Portfolio
Federal Bank	Financials	7.3%
IDFC Bank	Financials	6.1%
Indusind Bank	Financials	4.8%
Ramkrishna Forgings	Materials	4.4%
Persistent Systems	Information Technology	4.0%
Emami	Consumer Staples	4.0%
City Union Bank	Financials	3.9%
PI Industries	Materials	3.2%
Balkrishna Industries	Consumer Discretionary	3.2%
JK Lakshmi Cement	Materials	3.1%
Affle India	Communication Services	3.1%
Jyothy Laboratories	Consumer Staples	3.0%
CCL Products India	Consumer Staples	3.0%
Skipper	Industrials	2.9%
Neuland Laboratories	Health Care	2.9%
Multi Commodity Exchange	Financials	2.8%
Kajaria Ceramics	Industrials	2.7%
Sagar Cements	Materials	2.7%
Tech Mahindra	Information Technology	2.6%
Bajaj Electricals	Consumer Discretionary	2.5%
Portfolio analysis by market capitalisation size as at 31 January 2023
Market capitalisation size	No. of Companies	% of Portfolio
Small Cap (M/Cap < US$2bn)	19	48.2%
Mid Cap (US$2bn < M/Cap < US$8bn)	13	39.7%
Large Cap (M/Cap > US$8bn)	2	7.4%
Total Equity Investment	34	95.3%
Net Cash		4.7%
Total Portfolio	34	100.0%

 

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