Net Asset Value
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% |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
COMPANIES COVERED:
Latest directors dealings
- 19 hours ago Cerillion
- 21 hours ago Associated British Foods
- 21 hours ago B&M European Value Retail S.A. (DI)
- 21 hours ago B&M European Value Retail S.A. (DI)
- 21 hours ago Haleon