Net Asset Value
06 March 2024
India Capital Growth Fund Limited (the "Company" or "ICGF")
Net Asset Value statement at 06 March 2024
The Company announces its Net Asset Value ("NAV") per ordinary share as at 29 February 2024 was 184.83 pence.
In February, the NAV was up 0.73% in Sterling terms, whilst the BSE MidCap TR Index was up 1.93%, delivering an underperformance against the notional benchmark of 1.20%. In local currency terms, the NAV was up 0.46%.
The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 29 February 2024 was 193.67 pence.
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Portfolio analysis by sector as at 29 February 2024 |
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Sector |
No. of Companies |
% of Portfolio |
|
Financials |
7 |
22.1% |
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Consumer Discretionary |
7 |
18.7% |
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Industrials |
7 |
14.7% |
|
Materials |
5 |
14.4% |
|
Consumer Staples |
3 |
8.4% |
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Health Care |
3 |
6.3% |
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Information Technology |
2 |
5.9% |
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Communication Services |
1 |
2.7% |
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Real Estate |
0 |
0.0% |
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Energy |
0 |
0.0% |
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Utilities |
0 |
0.0% |
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Total Equity Investment |
35 |
93.2% |
|
Cash & cash equivalents |
|
6.8% |
|
Total Portfolio |
35 |
100.0% |
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Top 20 holdings as at 29 February 2024 |
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Holding |
Sector |
% of Portfolio |
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Federal Bank |
Financials |
5.1% |
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Skipper |
Industrials |
4.7% |
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Neuland Laboratories |
Health Care |
4.6% |
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Dixon Technologies |
Consumer Discretionary |
4.5% |
|
Ramkrishna Forgings |
Materials |
4.0% |
|
IDFC Bank |
Financials |
4.0% |
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Persistent Systems |
Information Technology |
3.9% |
|
Sona BLW Precision Forgings |
Consumer Discretionary |
3.8% |
|
RBL Bank |
Financials |
3.7% |
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Emami |
Consumer Staples |
3.6% |
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Indusind Bank |
Financials |
3.5% |
|
PI Industries |
Materials |
3.4% |
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JK Lakshmi Cement |
Materials |
3.3% |
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Welspun India |
Consumer Discretionary |
3.0% |
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Ashok Leyland |
Industrials |
2.8% |
|
Multi Commodity Exchange |
Financials |
2.7% |
|
Affle India |
Communication Services |
2.7% |
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CCL Products India |
Consumer Staples |
2.6% |
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VIP Industries |
Consumer Discretionary |
2.6% |
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Kajaria Ceramics |
Industrials |
2.5% |
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Portfolio analysis by market capitalisation size as at 29 February 2024 |
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Market capitalisation size |
No. of Companies |
% of Portfolio |
|
Small Cap (M/Cap < US$2bn) |
19 |
45.0% |
|
Mid Cap (US$2bn < M/Cap < US$8bn) |
12 |
37.7% |
|
Large Cap (M/Cap > US$8bn) |
4 |
10.5% |
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Total Equity Investment |
35 |
93.2% |
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Net Cash |
|
6.8% |
|
Total Portfolio |
35 |
100.0% |
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