Net Asset Value

India Capital Growth Fund Limited
04 July 2024
 

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.

 

Portfolio analysis by sector as at 28 June 2024

 

 

 

Sector

No. of Companies

% of Portfolio

Consumer Discretionary

8

22.7%

Financials

7

22.6%

Industrials

7

14.3%

Materials

5

14.1%

Consumer Staples

3

9.0%

Health Care

3

7.6%

Information Technology

1

3.1%

Communication Services

1

3.0%

Real Estate

0

0.0%

Energy

0

0.0%

Utilities

0

0.0%

Total Equity Investment

35

96.5%

Cash & cash equivalents


3.5%

Total Portfolio

35

100.0%

 



 

Top 20 holdings as at 28 June 2024




Holding

Sector

% of Portfolio

Dixon Technologies

Consumer Discretionary

6.6%

Federal Bank

Financials

5.5%

Emami

Consumer Staples

4.9%

Skipper

Industrials

4.2%

IDFC Bank

Financials

3.9%

Ramkrishna Forgings

Materials

3.9%

Neuland Laboratories

Health Care

3.9%

RBL Bank

Financials

3.6%

PI Industries

Materials

3.3%

Sona BLW Precision Forgings

Consumer Discretionary

3.3%

Indusind Bank

Financials

3.2%

Persistent Systems

Information Technology

3.1%

Affle India

Communication Services

3.0%

JK Lakshmi Cement

Materials

2.9%

Welspun India

Consumer Discretionary

2.7%

Multi Commodity Exchange

Financials

2.6%

Kajaria Ceramics

Industrials

2.6%

Balkrishna Industries

Consumer Discretionary

2.5%

City Union Bank

Financials

2.5%

VIP Industries

Consumer Discretionary

2.5%

 

Portfolio analysis by market capitalisation size as at 28 June 2024

 

Market capitalisation size

No. of Companies

% of Portfolio

Small Cap (M/Cap < US$2bn)

19

46.3%

Mid Cap (US$2bn < M/Cap < US$8bn)

13

39.1%

Large Cap (M/Cap > US$8bn)

3

11.1%

Total Equity Investment

35

96.5%

Net Cash


3.5%

Total Portfolio

35

100.0%

 

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