REG - India CapitalGrwthFd - Net Asset Value

India Capital Growth FundAnnouncement

06/10/2022 09:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221006:nRSF0236Ca&default-theme=true

RNS Number : 0236C  India Capital Growth Fund Limited  06 October 2022

06 October 2022

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

Net Asset Value statement at 30 September 2022

The Company announces its Net Asset Value ("NAV") per ordinary share as at 30
September 2022 was 142.55 pence.

In September, the NAV was up 2.79% in Sterling terms, whilst the BSE MidCap TR
Index was up 0.73%, delivering an outperformance against the notional
benchmark of 2.05%. In local currency terms, the NAV was down 0.06%.

The Company also announces its Net Asset Value per ordinary share before
Indian CGT (deferred tax provision) as at 30 September 2022 was 146.83
pence.

 

 Portfolio analysis by sector as at 30 September 2022

 Sector                                   No. of Companies        % of Portfolio
 Financials                               6                       25.3%
 Materials                                7                       18.6%
 Consumer Discretionary                   7                       16.1%
 Industrials                              5                       10.9%
 Consumer Staples                         3                       10.4%
 Information Technology                   3                       6.7%
 Health Care                              2                       4.4%
 Communication Services                   1                       3.6%
 Real Estate                              0                       0.0%
 Energy                                   0                       0.0%
 Utilities                                0                       0.0%
 Total Equity Investment                  34                      96.0%
 Cash & cash equivalents                                          4.0%
 Total Portfolio                          34                      100.0%

 Top 20 holdings as at 30 September 2022

 Holding                                  Sector                  % of Portfolio
 Federal Bank                             Financials              6.8%
 Indusind Bank                            Financials              5.5%
 IDFC Bank                                Financials              5.5%
 Ramkrishna Forgings                      Materials               4.9%
 Emami                                    Consumer Staples        4.7%
 City Union Bank                          Financials              4.4%
 Affle India Ltd                          Communication Services  3.6%
 PI Industries                            Materials               3.3%
 Kajaria Ceramics                         Industrials             3.2%
 Persistent Systems                       Information Technology  3.2%
 Balkrishna Industries                    Consumer Discretionary  3.1%
 Bajaj Electricals Ltd                    Consumer Discretionary  2.9%
 Jyothy Laboratories                      Consumer Staples        2.9%
 CCL Products India                       Consumer Staples        2.8%
 Neuland Laboratories                     Health Care             2.8%
 Tech Mahindra                            Information Technology  2.7%
 Dixon Technologies                       Consumer Discretionary  2.7%
 JK Lakshmi Cement                        Materials               2.5%
 Sagar Cements                            Materials               2.5%
 Sona BLW Precision Forgings Limited      Consumer Discretionary  2.5%

 Portfolio analysis by market capitalisation size as at 30 September 2022
                                          No. of Companies        % of Portfolio

 Market capitalisation size
 Small Cap (M/Cap < US$2bn)               14                      38.4%
 Mid Cap (US$2bn < M/Cap < US$8bn)        17                      47.8%
 Large Cap (M/Cap > US$8bn)               3                       9.9%
 Total Equity Investment                  34                      96.0%
 Net Cash                                                         4.0%
 Total Portfolio                          34                      100.0%

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NAVVQLBBLBLZFBF