REG - India CapitalGrwthFd - Net Asset Value

India Capital Growth FundAnnouncement

07/05/2020 11:35

RNS Number : 2920M
  
India Capital Growth Fund Limited
  
07 May 2020
  
 

7 May 2020
India Capital Growth Fund Limited (the "Company" or "ICGF")
Net Asset Value statement at 30 April 2020
The Company announces its Net Asset Value per share as at 30 April 2020 was 64.52 pence.
In April the Net Asset Value (NAV) was up 12.1% in Sterling terms, whilst the BSE MidCap TR Index was up 13.0%, delivering an under performance against the notional benchmark of 0.9%. In local currency terms, the NAV was up 12.8% for the month.
 



Portfolio analysis by sector as at 30 April 2020


















Sector 


No. of Companies


% of Portfolio




Materials


7


21.2%




Financials - Banks


5


15.1%




Consumer Staples


5 


12.8%




Consumer Discretionary


4 


11.8%




Industrials


4 


10.3%




Health Care


3 


9.5%




Information Technology


2


4.0%




Utilities 


1 


3.6%




Financials - Diversified 


1 


3.0%




Energy


1


2.5%




Financials - Insurance


1


1.1%




Real Estate


1


0.1%




Communication Services 


0 


0.0%




Total Equity Investment


35


95.1%




Net Cash






4.9%




Total Portfolio


35 


100.0%


















 
Top 20 holdings as at 30 April 2020


















Holding


Sector


% of Portfolio




PI Industries


Materials


6.7%




Divi's Laboratories


Health Care


6.2%




Federal Bank


Financials - Banks


5.4%




Jyothy Laboratories


Consumer Staples


4.2%




Bajaj Consumer Care 


Consumer Discretionary


3.8%




Berger Paints India 


Materials


3.8%




Gujarat Gas 


Utilities


3.6%




City Union Bank 


Financials - Banks


3.6%




Tech Mahindra 


Information Technology


3.6%




Emami 


Consumer Staples


3.5%




Kajaria Ceramics


Industrials


3.4%




Balkrishna Industries


Consumer Discretionary


3.1%




Multi Commodity Exchange


Financials - Diversified


3.0%




Finolex Cables


Industrials


2.9%




Exide Industries 


Consumer Discretionary


2.8%




JK Lakshmi Cement


Materials


2.7%




Radico Khaitan 


Consumer Staples 


2.7%




The Ramco Cements


Materials


2.6%




Aegis Logistics 


Energy


2.5%




IndusInd Bank


Financials - Banks


2.3%


















 
Portfolio analysis by market capitalisation size as 30 April 2020




 
Market capitalisation size


No. of Companies


% of Portfolio 




Small Cap (M/Cap < US$2bn)


26 


63.1%




Mid Cap (US$2bn < M/Cap < US$7bn)


6 


21.1%




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


3


10.9%




Total Equity Investment


35


95.1%




Net Cash






4.9%




Total Portfolio


35 


100.0%



 


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