Net Asset Value

India Capital Growth Fund Limited
05 September 2024
 

05 September 2024

India Capital Growth Fund Limited (the "Company" or "ICGF")

Net Asset Value statement at 30 August 2024

The Company announces its Net Asset Value ("NAV") per ordinary share as at 30 August 2024 was 204.21 pence.

In August, the NAV was up 0.15% in Sterling terms, whilst the BSE MidCap TR Index was down 1.67%, delivering an outperformance against the notional benchmark of 1.81%. In local currency terms, the NAV was up 2.89%.

The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 30 August 2024 was 218.13 pence.

 

Portfolio analysis by sector as at 30 August 2024

 

 

 

Sector

No. of Companies

% of Portfolio

Financial Banks

5

17.0%

Consumer Discretionary

5

13.0%

Consumer Staples

4

10.9%

Industrials

5

10.5%

Auto & Auto Ancillary

4

10.4%

Healthcare

2

7.2%

Chemicals

2

5.3%

Textiles

2

4.6%

Digital

2

4.1%

Cement

2

4.1%

IT Services

1

3.5%

Financial Services

1

3.2%

Financial NBFC

1

1.2%

Logistics

1

1.0%

Total Equity Investment

37

96.2%

Cash & cash equivalents


3.8%

Total Portfolio

37

100.0%

 



 

Top 20 holdings as at 30 August 2024




Holding

Sector

% of Portfolio

Federal Bank

Financial Banks

5.3%

Neuland Laboratories

Healthcare

5.2%

Dixon Technologies

Consumer Discretionary

5.1%

Emami

Consumer Staples

4.8%

Skipper

Industrials

4.4%

Ramkrishna Forgings

Auto & Auto Ancillary

3.9%

PI Industries

Chemicals

3.6%

Persistent Systems

IT Services

3.5%

RBL Bank

Financial Banks

3.4%

IDFC Bank

Financial Banks

3.2%

Sona BLW Precision Forgings

Auto & Auto Ancillary

3.2%

Multi Commodity Exchange

Financial Services

3.2%

Affle India

Digital

3.0%

Indusind Bank

Financial Banks

2.8%

Welspun India

Textiles

2.8%

VIP Industries

Consumer Discretionary

2.6%

CCL Products India

Consumer Staples

2.5%

JK Lakshmi Cement

Cement

2.4%

City Union Bank

Financial Banks

2.3%

PSP Projects

Industrials

2.3%

 

Portfolio analysis by market capitalisation size as at 30 August 2024

 

Market capitalisation size

No. of Companies

% of Portfolio

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

18

39.9%

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

14

40.1%

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

5

16.2%

Total Equity Investment

37

96.2%

Net Cash


3.8%

Total Portfolio

37

100.0%

 

 

 

 

 

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