REG - India CapitalGrwthFd - Net Asset Value

India Capital Growth FundAnnouncement

07/04/2021 09:05

RNS Number : 5161U
  
India Capital Growth Fund Limited
  
07 April 2021
  
 

07 April 2021
India Capital Growth Fund Limited (the "Company" or "ICGF")
Net Asset Value statement at 31 March 2021
The Company announces its Net Asset Value per share as at 31 March 2021 was 108.33 pence.             
In March, the Net Asset Value (NAV) was up 1.63% in Sterling terms, whilst the BSE MidCap TR Index was up 2.15%, delivering an underperformance against the notional benchmark of 0.52%. In local currency terms, the NAV was up 0.69% for the month.
            



Portfolio analysis by sector as at 31 March 2021


















Sector 


No. of Companies


% of Portfolio




Materials


7 


20.1%




Financials - Banks


4 


18.1%




Consumer Staples


4 


12.8%




Consumer Discretionary


4 


10.5%




Industrials


4 


10.4%




Health Care


2 


7.0%




Information Technology


3 


6.8%




Utilities


1 


4.8%




Energy


1 


3.3%




Financials - Diversified


1 


3.0%




Financials - Insurance


1 


1.8%




Real Estate


1 


0.1%




Communication Services


0 


0.0%




Total Equity Investment


33


98.5%




Net Cash






1.5%




Total Portfolio


33 


100.0%


















 
Top 20 holdings as at 31 March 2021


















Holding


Sector


% of Portfolio




Federal Bank


Financials - Banks


6.1%




Emami


Consumer Staples


5.5%




IndusInd Bank


Financials - Banks


5.1%




Gujarat Gas


Utilities


4.8%




IDFC Bank


Financials - Banks


4.2%




PI Industries


Materials


4.2%




Neuland Laboratories


Health Care


4.0%




Tech Mahindra


Information Technology


3.9%




Kajaria Ceramics


Industrials


3.8%




JK Lakshmi Cement


Materials


3.6%




Ramkrishna Forgings


Materials


3.3%




Aegis Logistics


Energy


3.3%




Welspun India


Consumer Discretionary


3.1%




Divi's Laboratories


Health Care


3.0%




Multi Commodity Exchange


Financials - Diversified


3.0%




Balkrishna Industries


Consumer Discretionary


2.8%




Jyothy Laboratories


Consumer Staples


2.8%




Dixon Technologies


Consumer Discretionary


2.7%




Skipper


Industrials


2.7%




Persistent Systems


Information Technology


2.6%




 
Portfolio analysis by market capitalisation size as at 31 March 2021




 
Market capitalisation size


No. of Companies


% of Portfolio 




Small Cap (M/Cap < US$1bn)


12 


27.2%




Mid Cap (US$1bn < M/Cap < US$7bn)


17 


57.5%




Large Cap (M/Cap > US$7bn)


4 


13.8%




Total Equity Investment


33 


98.5%




Net Cash






1.5%




Total Portfolio


33 


100.0%



 

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