Net Asset Value
06 November 2024
India Capital Growth Fund Limited (the "Company" or "ICGF")
Net Asset Value statement at 31 October 2024
The Company announces its Net Asset Value ("NAV") per ordinary share as at 31 October 2024 was 205.30 pence.
In October, the NAV was up 0.52% in Sterling terms, whilst the BSE MidCap TR Index was down 4.10%, delivering an outperformance against the notional benchmark of 4.62%. In local currency terms, the NAV was down 2.36%.
The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 31 October 2024 was 218.56 pence.
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Portfolio analysis by sector as at 31 October 2024 |
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Sector |
No. of Companies |
% of Portfolio |
|
Financial Banks |
5 |
15.9% |
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Industrials |
6 |
13.1% |
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Consumer Discretionary |
5 |
12.6% |
|
Auto & Auto Ancillary |
4 |
10.3% |
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Consumer Staples |
4 |
10.1% |
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Healthcare |
2 |
7.3% |
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Chemicals |
2 |
5.4% |
|
Digital |
2 |
4.3% |
|
Textiles |
2 |
4.3% |
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Cement |
2 |
4.2% |
|
Financial Services |
1 |
4.1% |
|
IT Services |
1 |
3.7% |
|
Financial NBFC |
1 |
1.1% |
|
Energy |
0 |
0.0% |
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Metals |
0 |
0.0% |
|
Utilities |
0 |
0.0% |
|
Real Estate |
0 |
0.0% |
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Total Equity Investment |
37 |
96.4% |
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Cash & cash equivalents |
|
3.6% |
|
Total Portfolio |
37 |
100.0% |
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Top 20 holdings as at 31 October 2024 |
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Holding |
Sector |
% of Portfolio |
|
Federal Bank |
Financial Banks |
5.6% |
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Neuland Laboratories |
Healthcare |
5.5% |
|
Skipper |
Industrials |
5.5% |
|
Dixon Technologies |
Consumer Discretionary |
4.8% |
|
Emami |
Consumer Staples |
4.1% |
|
Multi Commodity Exchange |
Financial Services |
4.1% |
|
Ramkrishna Forgings |
Auto & Auto Ancillary |
3.8% |
|
Persistent Systems |
IT Services |
3.7% |
|
PI Industries |
Chemicals |
3.6% |
|
Sona BLW Precision Forgings |
Auto & Auto Ancillary |
3.3% |
|
IDFC Bank |
Financial Banks |
2.9% |
|
Affle India |
Digital |
2.9% |
|
RBL Bank |
Financial Banks |
2.7% |
|
VIP Industries |
Consumer Discretionary |
2.7% |
|
JK Lakshmi Cement |
Cement |
2.5% |
|
City Union Bank |
Financial Banks |
2.4% |
|
CCL Products India |
Consumer Staples |
2.4% |
|
Welspun India |
Textiles |
2.3% |
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IndusInd Bank |
Financial Banks |
2.1% |
|
PSP Projects |
Industrials |
2.1% |
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Portfolio analysis by market capitalisation size as at 31 October 2024 |
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Market capitalisation size |
No. of Companies |
% of Portfolio |
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Small Cap (M/Cap < US$2bn) |
19 |
41.6% |
|
Mid Cap (US$2bn < M/Cap < US$8bn) |
13 |
39.5% |
|
Large Cap (M/Cap > US$8bn) |
5 |
15.3% |
|
Total Equity Investment |
37 |
96.4% |
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Net Cash |
|
3.6% |
|
Total Portfolio |
37 |
100.0% |
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