REG - India CapitalGrwthFd - Net Asset Value

India Capital Growth FundAnnouncement

07/01/2021 11:25

RNS Number : 9358K
  
India Capital Growth Fund Limited
  
07 January 2021
  
 

7 January 2021
India Capital Growth Fund Limited (the "Company" or "ICGF")
Net Asset Value statement at 31 December 2020
The Company announces its Net Asset Value per share as at 31 December 2020 was 97.70 pence.                    
In December, the Net Asset Value (NAV) was up 2.4% in Sterling terms, whilst the BSE MidCap TR Index was up 5.1%, delivering an underperformance against the notional benchmark of 2.7%. In local currency terms, the NAV was up 3.4% for the month.
            



Portfolio analysis by sector as at 31 December 2020


















Sector 


No. of Companies


% of Portfolio




Materials


7 


20.1%




Financials - Banks


4 


17.3%




Consumer Staples


4 


14.6%




Industrials


4 


10.5%




Consumer Discretionary


4 


10.4%




Information Technology


3 


6.8%




Health Care


2 


6.6%




Utilities


1 


3.7%




Financials - Diversified


1 


3.1%




Energy


1 


2.6%




Financials - Insurance


1 


2.2%




Real Estate


1 


0.1%




Communication Services


0 


0.0%




Total Equity Investment


33


98.0%




Net Cash






2.0%




Total Portfolio


33 


100.0%


















 
Top 20 holdings as at 31 December 2020


















Holding


Sector


% of Portfolio




Federal Bank


Financials - Banks


6.0%




Emami


Consumer Staples


5.4%




IndusInd Bank


Financials - Banks


5.4%




PI Industries


Materials


4.8%




Tech Mahindra


Information Technology


4.3%




Divi's Laboratories


Health Care


4.1%




Gujarat Gas


Utilities


3.7%




Kajaria Ceramics


Industrials


3.5%




City Union Bank


Financials - Banks


3.4%




Jyothy Laboratories


Consumer Staples


3.3%




Bajaj Consumer Care


Consumer Staples


3.2%




JK Lakshmi Cement


Materials


3.1%




Balkrishna Industries


Consumer Discretionary


3.1%




Skipper


Industrials


3.1%




Multi Commodity Exchange


Financials - Diversified


3.1%




Ramkrishna Forgings


Materials


3.0%




Welspun India


Consumer Discretionary


2.9%




Aarti Industries


Materials


2.7%




Aegis Logistics


Energy


2.6%




CCL Products India


Consumer Staples


2.6%




 
Portfolio analysis by market capitalisation size as at 31 December 2020




 
Market capitalisation size


No. of Companies


% of Portfolio 




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


13 


30.5%




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


16 


51.6%




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


4 


15.9%




Total Equity Investment


33 


98.0%




Net Cash






2.0%




Total Portfolio


33


100.0%



 

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