India CapitalGrwthFd - Net Asset Value

India Capital Growth Fund

06/02/2023 10:41

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RNS Number : 0244P  India Capital Growth Fund Limited  06 February 2023

06 February 2023

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

Net Asset Value statement at 31 January 2023

The Company announces its Net Asset Value ("NAV") per ordinary share as at 31
January 2023 was 133.08 pence.

In January, the NAV was down 4.98% in Sterling terms, whilst the BSE MidCap TR
Index was down 3.74%, delivering an underperformance against the notional
benchmark of 1.24%. In local currency terms, the NAV was down 3.88%.

The Company also announces its Net Asset Value per ordinary share before
Indian CGT (deferred tax provision) as at 31 January 2023 was 137.26
pence.

 

 Portfolio analysis by sector as at 31 January 2023

 Sector                                   No. of Companies        % of Portfolio
 Financials                               6                       25.8%
 Materials                                7                       17.6%
 Industrials                              6                       14.6%
 Consumer Discretionary                   7                       14.6%
 Consumer Staples                         3                       10.0%
 Information Technology                   2                       6.6%
 Health Care                              2                       3.1%
 Communication Services                   1                       3.1%
 Real Estate                              0                       0.0%
 Energy                                   0                       0.0%
 Utilities                                0                       0.0%
 Total Equity Investment                  34                      95.3%
 Cash & cash equivalents                                          4.7%
 Total Portfolio                          34                      100.0%

 Top 20 holdings as at 31 January 2023

 Holding                                  Sector                  % of Portfolio
 Federal Bank                             Financials              7.3%
 IDFC Bank                                Financials              6.1%
 Indusind Bank                            Financials              4.8%
 Ramkrishna Forgings                      Materials               4.4%
 Persistent Systems                       Information Technology  4.0%
 Emami                                    Consumer Staples        4.0%
 City Union Bank                          Financials              3.9%
 PI Industries                            Materials               3.2%
 Balkrishna Industries                    Consumer Discretionary  3.2%
 JK Lakshmi Cement                        Materials               3.1%
 Affle India                              Communication Services  3.1%
 Jyothy Laboratories                      Consumer Staples        3.0%
 CCL Products India                       Consumer Staples        3.0%
 Skipper                                  Industrials             2.9%
 Neuland Laboratories                     Health Care             2.9%
 Multi Commodity Exchange                 Financials              2.8%
 Kajaria Ceramics                         Industrials             2.7%
 Sagar Cements                            Materials               2.7%
 Tech Mahindra                            Information Technology  2.6%
 Bajaj Electricals                        Consumer Discretionary  2.5%

 Portfolio analysis by market capitalisation size as at 31 January 2023
                                          No. of Companies        % of Portfolio

 Market capitalisation size
 Small Cap (M/Cap < US$2bn)               19                      48.2%
 Mid Cap (US$2bn < M/Cap < US$8bn)        13                      39.7%
 Large Cap (M/Cap > US$8bn)               2                       7.4%
 Total Equity Investment                  34                      95.3%
 Net Cash                                                         4.7%
 Total Portfolio                          34                      100.0%

 

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