REG - India CapitalGrwthFd - Net Asset Value

India Capital Growth FundAnnouncement

04/06/2020 10:00

RNS Number : 9682O
  
India Capital Growth Fund Limited
  
04 June 2020
  
 

4 June 2020
India Capital Growth Fund Limited (the "Company" or "ICGF")
Net Asset Value statement at 29 May 2020
The Company announces its Net Asset Value per share as at 29 May 2020 was 64.36 pence.
In May the Net Asset Value (NAV) was down 0.2% in Sterling terms, whilst the BSE MidCap TR Index was down 1.0%, delivering an out performance against the notional benchmark of 0.8%. In local currency terms, the NAV was down 0.5% for the month.
 



Portfolio analysis by sector as at 29 May 2020


















Sector 


No. of Companies


% of Portfolio




Materials


7


21.1%




Consumer Staples 


6


15.4%




Financials - Banks


4 


13.1%




Industrials


4 


9.8%




Consumer Discretionary


3 


9.0%




Health Care


2 


7.8%




Information Technology


2


3.9%




Utilities 


1 


3.8%




Financials - Diversified 


1 


3.8%




Financials - Insurance


1


3.0%




Energy 


1


3.0%




Real Estate


1


0.1%




Communication Services 


0 


0.0%




Total Equity Investment


33


93.8%




Net Cash






6.2%




Total Portfolio


33 


100.0%


















 
Top 20 holdings as at 29 May 2020


















Holding


Sector


% of Portfolio




PI Industries


Materials


6.5%




Divi's Laboratories


Health Care


6.4%




Federal Bank


Financials - Banks


5.0%




Jyothy Laboratories


Consumer Staples


3.9%




Gujarat Gas 


Utilities


3.8%




Multi Commodity Exchange India 


Financials - Diversified


3.8%




Berger Paints


Materials


3.7%




JK Lakshmi Cement 


Materials


3.6%




Emami 


Consumer Staples


3.6%




Balkrishna Industries 


Consumer Discretionary


3.5%




Bajaj Consumer Care 


Consumer Staples


3.5%




Tech Mahindra 


Information Technology


3.5%




City Union Bank


Financials - Banks


3.4%




Kajaria Ceramics 


Industrials


3.1%




ICICI Lombard General Insurance


Financials - Insurance


3.0%




Aegis Logistics


Energy


3.0%




Exide Industries 


Consumer Discretionary


2.9%




Ccl Products India


Consumer Staples


2.9%




Welspun India


Consumer Discretionary


2.5%




Finolex Cables 


Industrials


2.4%


















 
Portfolio analysis by market capitalisation size as 29 May 2020




 
Market capitalisation size


No. of Companies


% of Portfolio 




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


25 


61.0%




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


6 


23.4%




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


2


9.4%




Total Equity Investment


33


93.8%




Net Cash






6.2%




Total Portfolio


33 


100.0%



 


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