Net Asset Value
04 July 2024
India Capital Growth Fund Limited (the "Company" or "ICGF")
Net Asset Value statement at 28 June 2024
The Company announces its Net Asset Value ("NAV") per ordinary share as at 28 June 2024 was 199.18 pence.
In June, the NAV was up 11.05% in Sterling terms, whilst the BSE MidCap TR Index was up 8.33%, delivering an outperformance against the notional benchmark of 2.72%. In local currency terms, the NAV was up 10.57%.
The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 28 June 2024 was 209.22 pence.
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Portfolio analysis by sector as at 28 June 2024 |
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Sector |
No. of Companies |
% of Portfolio |
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Consumer Discretionary |
8 |
22.7% |
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Financials |
7 |
22.6% |
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Industrials |
7 |
14.3% |
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Materials |
5 |
14.1% |
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Consumer Staples |
3 |
9.0% |
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Health Care |
3 |
7.6% |
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Information Technology |
1 |
3.1% |
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Communication Services |
1 |
3.0% |
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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 |
96.5% |
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Cash & cash equivalents |
|
3.5% |
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Total Portfolio |
35 |
100.0% |
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Top 20 holdings as at 28 June 2024 |
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Holding |
Sector |
% of Portfolio |
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Dixon Technologies |
Consumer Discretionary |
6.6% |
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Federal Bank |
Financials |
5.5% |
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Emami |
Consumer Staples |
4.9% |
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Skipper |
Industrials |
4.2% |
|
IDFC Bank |
Financials |
3.9% |
|
Ramkrishna Forgings |
Materials |
3.9% |
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Neuland Laboratories |
Health Care |
3.9% |
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RBL Bank |
Financials |
3.6% |
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PI Industries |
Materials |
3.3% |
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Sona BLW Precision Forgings |
Consumer Discretionary |
3.3% |
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Indusind Bank |
Financials |
3.2% |
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Persistent Systems |
Information Technology |
3.1% |
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Affle India |
Communication Services |
3.0% |
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JK Lakshmi Cement |
Materials |
2.9% |
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Welspun India |
Consumer Discretionary |
2.7% |
|
Multi Commodity Exchange |
Financials |
2.6% |
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Kajaria Ceramics |
Industrials |
2.6% |
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Balkrishna Industries |
Consumer Discretionary |
2.5% |
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City Union Bank |
Financials |
2.5% |
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VIP Industries |
Consumer Discretionary |
2.5% |
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Portfolio analysis by market capitalisation size as at 28 June 2024 |
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Market capitalisation size |
No. of Companies |
% of Portfolio |
|
Small Cap (M/Cap < US$2bn) |
19 |
46.3% |
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Mid Cap (US$2bn < M/Cap < US$8bn) |
13 |
39.1% |
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Large Cap (M/Cap > US$8bn) |
3 |
11.1% |
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Total Equity Investment |
35 |
96.5% |
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Net Cash |
|
3.5% |
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Total Portfolio |
35 |
100.0% |
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