India CapitalGrwthFd - Net Asset Value

India Capital Growth Fund

06/01/2023 09:25

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RNS Number : 9467L  India Capital Growth Fund Limited  06 January 2023

06 January 2023

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

Net Asset Value statement at 30 December 2022

The Company announces its Net Asset Value ("NAV") per ordinary share as at 30
December 2022 was 140.06 pence.

In December, the NAV was down 0.97% in Sterling terms, whilst the BSE MidCap
TR Index was down 4.40%, delivering an outperformance against the notional
benchmark of 3.43%. In local currency terms, the NAV was up 1.05%.

The Company also announces its Net Asset Value per ordinary share before
Indian CGT (deferred tax provision) as at 30 December 2022 was 144.81
pence.

 

 Portfolio analysis by sector as at 30 December 2022

 Sector                                   No. of Companies        % of Portfolio
 Financials                               6                       26.3%
 Materials                                7                       18.0%
 Consumer Discretionary                   8                       16.7%
 Industrials                              5                       12.6%
 Consumer Staples                         3                       9.3%
 Information Technology                   3                       6.9%
 Health Care                              2                       3.4%
 Communication Services                   1                       2.9%
 Real Estate                              0                       0.0%
 Energy                                   0                       0.0%
 Utilities                                0                       0.0%
 Total Equity Investment                  35                      96.0%
 Cash & cash equivalents                                          4.0%
 Total Portfolio                          35                      100.0%

 Top 20 holdings as at 30 December 2022

 Holding                                  Sector                  % of Portfolio
 Federal Bank                             Financials              7.2%
 IDFC Bank                                Financials              5.9%
 Indusind Bank                            Financials              5.2%
 City Union Bank                          Financials              4.2%
 Ramkrishna Forgings                      Materials               4.1%
 Emami                                    Consumer Staples        3.7%
 Persistent Systems                       Information Technology  3.6%
 PI Industries                            Materials               3.5%
 JK Lakshmi Cement                        Materials               3.3%
 Skipper                                  Industrials             3.3%
 Balkrishna Industries                    Consumer Discretionary  3.2%
 Neuland Laboratories                     Health Care             3.1%
 Kajaria Ceramics                         Industrials             2.9%
 Affle India                              Communication Services  2.9%
 Jyothy Laboratories                      Consumer Staples        2.9%
 Multi Commodity Exchange                 Financials              2.8%
 CCL Products India                       Consumer Staples        2.8%
 Bajaj Electricals                        Consumer Discretionary  2.7%
 Sagar Cements                            Materials               2.7%
 Tech Mahindra                            Information Technology  2.5%

 Portfolio analysis by market capitalisation size as at 30 December 2022
                                          No. of Companies        % of Portfolio

 Market capitalisation size
 Small Cap (M/Cap < US$2bn)               18                      46.5%
 Mid Cap (US$2bn < M/Cap < US$8bn)        15                      41.8%
 Large Cap (M/Cap > US$8bn)               2                       7.7%
 Total Equity Investment                  35                      96.0%
 Net Cash                                                         4.0%
 Total Portfolio                          35                      100.0%

 

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