Net Asset Value
06 June 2024
India Capital Growth Fund Limited (the "Company" or "ICGF")
Net Asset Value statement at 31 May 2024
The Company announces its Net Asset Value ("NAV") per ordinary share as at 31 May 2024 was 179.36 pence.
In May, the NAV was down 3.74% in Sterling terms, whilst the BSE MidCap TR Index was up 0.56%, delivering an underperformance against the notional benchmark of 4.30%. In local currency terms, the NAV was down 2.56%.
The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 31 May 2024 was 187.11 pence.
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Portfolio analysis by sector as at 31 May 2024 |
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Sector |
No. of Companies |
% of Portfolio |
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Consumer Discretionary |
8 |
23.1% |
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Financials |
7 |
22.7% |
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Materials |
5 |
13.8% |
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Industrials |
6 |
12.9% |
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Consumer Staples |
3 |
9.3% |
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Health Care |
3 |
7.2% |
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Communication Services |
1 |
2.8% |
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Information Technology |
1 |
2.8% |
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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 |
94.4% |
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Cash & cash equivalents |
|
5.6% |
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Total Portfolio |
34 |
100.0% |
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Top 20 holdings as at 31 May 2024 |
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Holding |
Sector |
% of Portfolio |
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Dixon Technologies |
Consumer Discretionary |
6.1% |
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Federal Bank |
Financials |
5.6% |
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Emami |
Consumer Staples |
5.0% |
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Skipper |
Industrials |
3.9% |
|
IDFC Bank |
Financials |
3.9% |
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Sona BLW Precision Forgings |
Consumer Discretionary |
3.7% |
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RBL Bank |
Financials |
3.5% |
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Indusind Bank |
Financials |
3.5% |
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Neuland Laboratories |
Health Care |
3.5% |
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Ramkrishna Forgings |
Materials |
3.5% |
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PI Industries |
Materials |
3.4% |
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Affle India |
Communication Services |
2.8% |
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JK Lakshmi Cement |
Materials |
2.8% |
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VIP Industries |
Consumer Discretionary |
2.8% |
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Persistent Systems |
Information Technology |
2.8% |
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Multi Commodity Exchange |
Financials |
2.7% |
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Welspun India |
Consumer Discretionary |
2.7% |
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Balkrishna Industries |
Consumer Discretionary |
2.6% |
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Kajaria Ceramics |
Industrials |
2.4% |
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CCL Products India |
Consumer Staples |
2.4% |
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Portfolio analysis by market capitalisation size as at 31 May 2024 |
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Market capitalisation size |
No. of Companies |
% of Portfolio |
|
Small Cap (M/Cap < US$2bn) |
20 |
48.1% |
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Mid Cap (US$2bn < M/Cap < US$8bn) |
12 |
41.6% |
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Large Cap (M/Cap > US$8bn) |
2 |
4.8% |
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Total Equity Investment |
34 |
94.4% |
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Net Cash |
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5.6% |
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Total Portfolio |
34 |
100.0% |
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