Net Asset Value
07 May 2024
India Capital Growth Fund Limited (the "Company" or "ICGF")
Net Asset Value statement at 30 April 2024
The Company announces its Net Asset Value ("NAV") per ordinary share as at 30 April 2024 was 186.33 pence.
In April, the NAV was up 5.24% in Sterling terms, whilst the BSE MidCap TR Index was up 7.83%, delivering an underperformance against the notional benchmark of 2.59%. In local currency terms, the NAV was up 4.58%.
The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 30 April 2024 was 194.61 pence.
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Portfolio analysis by sector as at 30 April 2024 |
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Sector |
No. of Companies |
% of Portfolio |
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Financials |
7 |
23.2% |
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Consumer Discretionary |
8 |
21.4% |
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Materials |
5 |
14.0% |
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Industrials |
6 |
13.3% |
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Consumer Staples |
3 |
8.2% |
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Health Care |
3 |
7.6% |
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Communication Services |
1 |
2.7% |
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Information Technology |
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 |
34 |
93.2% |
|
Cash & cash equivalents |
|
6.8% |
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Total Portfolio |
34 |
100.0% |
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Top 20 holdings as at 30 April 2024 |
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Holding |
Sector |
% of Portfolio |
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Federal Bank |
Financials |
5.5% |
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Dixon Technologies |
Consumer Discretionary |
5.3% |
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Skipper |
Industrials |
4.6% |
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Neuland Laboratories |
Health Care |
4.3% |
|
IDFC Bank |
Financials |
4.0% |
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Ramkrishna Forgings |
Materials |
3.8% |
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Emami |
Consumer Staples |
3.7% |
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RBL Bank |
Financials |
3.6% |
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Indusind Bank |
Financials |
3.6% |
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Sona BLW Precision Forgings |
Consumer Discretionary |
3.4% |
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PI Industries |
Materials |
3.4% |
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VIP Industries |
Consumer Discretionary |
3.0% |
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Multi Commodity Exchange |
Financials |
3.0% |
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Welspun India |
Consumer Discretionary |
2.9% |
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JK Lakshmi Cement |
Materials |
2.8% |
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Affle India |
Communication Services |
2.7% |
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Persistent Systems |
Information Technology |
2.7% |
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CCL Products India |
Consumer Staples |
2.4% |
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Kajaria Ceramics |
Industrials |
2.4% |
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City Union Bank |
Financials |
2.4% |
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Portfolio analysis by market capitalisation size as at 30 April 2024 |
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Market capitalisation size |
No. of Companies |
% of Portfolio |
|
Small Cap (M/Cap < US$2bn) |
20 |
50.3% |
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Mid Cap (US$2bn < M/Cap < US$8bn) |
12 |
38.2% |
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Large Cap (M/Cap > US$8bn) |
2 |
4.7% |
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Total Equity Investment |
34 |
93.2% |
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Net Cash |
|
6.8% |
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Total Portfolio |
34 |
100.0% |
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