REG - India CapitalGrwthFd - Net Asset Value

India Capital Growth FundAnnouncement

04/08/2022 11:00

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RNS Number : 9418U  India Capital Growth Fund Limited  04 August 2022

04 August 2022

India Capital Growth Fund Limited (the "Company" or "ICGF")

Net Asset Value statement at 29 July 2022

The Company announces its Net Asset Value ("NAV") per ordinary share as at 29
July 2022 was 125.86 pence.

In July, the NAV was up 9.44% in Sterling terms, whilst the BSE MidCap TR
Index was up 9.92%, delivering an underperformance against the notional
benchmark of 0.47%. In local currency terms, the NAV was up 10.52%.

The Company also announces its Net Asset Value per ordinary share before
Indian CGT (deferred tax provision) as at 29 July 2022 was 129.10 pence.

 

 Portfolio analysis by sector as at 29 July 2022

 Sector                                   No. of Companies        % of Portfolio
 Financials                               6                       24.0%
 Materials                                7                       18.5%
 Consumer Discretionary                   7                       15.5%
 Consumer Staples                         3                       10.0%
 Industrials                              4                       9.6%
 Information Technology                   3                       7.8%
 Health Care                              2                       4.7%
 Communication Services                   1                       3.3%
 Real Estate                              0                       0.0%
 Energy                                   0                       0.0%
 Utilities                                0                       0.0%
 Total Equity Investment                  33                      93.2%
 Net Cash                                                         6.8%
 Total Portfolio                          33                      100.0%

 Top 20 holdings as at 29 July 2022

 Holding                                  Sector                  % of Portfolio
 Federal Bank                             Financials              6.5%
 Indusind Bank                            Financials              5.2%
 Ramkrishna Forgings                      Materials               4.6%
 Emami                                    Consumer Staples        4.5%
 IDFC Bank                                Financials              4.4%
 City Union Bank                          Financials              4.3%
 Persistent Systems                       Information Technology  3.9%
 PI Industries                            Materials               3.7%
 Kajaria Ceramics                         Industrials             3.4%
 Balkrishna Industries                    Consumer Discretionary  3.3%
 Affle India                              Communication Services  3.3%
 Tech Mahindra                            Information Technology  3.0%
 Bajaj Electricals                        Consumer Discretionary  2.9%
 Neuland Laboratories                     Health Care             2.8%
 Jyothy Laboratories                      Consumer Staples        2.8%
 CCL Products India                       Consumer Staples        2.7%
 Aarti Industries                         Materials               2.6%
 Multi Commodity Exchange                 Financials              2.5%
 Dixon Technologies                       Consumer Discretionary  2.4%
 Welspun India                            Consumer Discretionary  2.4%

 Portfolio analysis by market capitalisation size as at 29 July 2022
                                          No. of Companies        % of Portfolio

 Market capitalisation size
 Small Cap (M/Cap < US$2bn)               15                      40.6%
 Mid Cap (US$2bn < M/Cap < US$8bn)        15                      42.7%
 Large Cap (M/Cap > US$8bn)               3                       10.0%
 Total Equity Investment                  33                      93.2%
 Net Cash                                                         6.8%
 Total Portfolio                          33                      100.0%

 

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