REG - India CapitalGrwthFd - Net Asset Value

India Capital Growth FundAnnouncement

04/09/2020 12:45

RNS Number : 1060Y
  
India Capital Growth Fund Limited
  
04 September 2020
  
 

4 September 2020
India Capital Growth Fund Limited (the "Company" or "ICGF")
Net Asset Value statement at 31 August 2020
The Company announces its Net Asset Value per share as at 31 August 2020 was 80.15 pence.
In August the Net Asset Value (NAV) was up 10.3% in Sterling terms, whilst the BSE MidCap TR Index was up 6.7%, delivering an outperformance against the notional benchmark of 3.6%. In local currency terms, the NAV was up 10.3% for the month.
 



Portfolio analysis by sector as at 31 August 2020


















Sector 


No. of Companies


% of Portfolio




Materials


8


22.3%




Consumer Staples


4 


15.8%




Financials - Banks


4 


14.4%




Consumer Discretionary


4 


10.6%




Industrials


4 


10.1%




Health Care


2 


8.4%




Information Technology


2 


4.7%




Utilities


1 


3.9%




Financials - Diversified


1 


3.5%




Energy


1 


2.8%




Financials - Insurance


1 


2.2%




Real Estate


1 


0.1%




Communication Services


0 


0.0%




Total Equity Investment


33


98.8%




Net Cash






1.2%




Total Portfolio


33 


100.0%


















 
Top 20 holdings as at 31 August 2020


















Holding


Sector


% of Portfolio




PI Industries


Materials


5.9%




Divi's Laboratories


Health Care


5.9%




Emami


Consumer Staples


5.7%




Federal Bank


Financials - Banks


4.7%




IndusInd Bank


Financials - Banks


4.1%




Jyothy Laboratories


Consumer Staples


4.0%




Gujarat Gas


Utilities


3.9%




Tech Mahindra


Information Technology


3.7%




Multi Commodity Exchange


Financials - Diversified


3.5%




Balkrishna Industries


Consumer Discretionary


3.3%




Welspun India


Consumer Discretionary


3.3%




Bajaj Consumer Care


Consumer Staples


3.2%




City Union Bank


Financials - Banks


3.1%




Kajaria Ceramics


Industrials


3.0%




JK Lakshmi Cement


Materials


3.0%




CCL Products India


Consumer Staples


3.0%




Aegis Logistics


Energy


2.8%




Skipper


Industrials


2.8%




Berger Paints India


Materials


2.7%




Neuland Laboratories


Health Care


2.5%




 
Portfolio analysis by market capitalisation size as at 31 August 2020




 
Market capitalisation size


No. of Companies


% of Portfolio 




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


21 


54.4%




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


8 


29.9%




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


4


14.5%




Total Equity Investment


33


98.8%




Net Cash






1.2%




Total Portfolio


33 


100.0%



 

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