REG - India CapitalGrwthFd - Net Asset Value

India Capital Growth FundAnnouncement

04/11/2022 10:30

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RNS Number : 3668F  India Capital Growth Fund Limited  04 November 2022

04 November 2022

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

Net Asset Value statement at 31 October 2022

The Company announces its Net Asset Value ("NAV") per ordinary share as at 31
October 2022 was 139.52 pence.

In October, the NAV was down 2.12% in Sterling terms, whilst the BSE MidCap TR
Index was down 3.04%, delivering an outperformance against the notional
benchmark of 0.91%. In local currency terms, the NAV was up 3.01%.

The Company also announces its Net Asset Value per ordinary share before
Indian CGT (deferred tax provision) as at 31 October 2022 was 143.85
pence.

 

 Portfolio analysis by sector as at 31 October 2022

 Sector                                   No. of Companies        % of Portfolio
 Financials                               6                       26.9%
 Materials                                7                       18.1%
 Consumer Discretionary                   7                       15.9%
 Industrials                              5                       10.8%
 Consumer Staples                         3                       10.0%
 Information Technology                   3                       7.2%
 Health Care                              3                       4.3%
 Communication Services                   1                       3.2%
 Real Estate                              0                       0.0%
 Energy                                   0                       0.0%
 Utilities                                0                       0.0%
 Total Equity Investment                  35                      96.4%
 Cash & cash equivalents                                          3.6%
 Total Portfolio                          35                      100.0%

 Top 20 holdings as at 31 October 2022

 Holding                                  Sector                  % of Portfolio
 Federal Bank                             Financials              7.1%
 IDFC Bank                                Financials              6.0%
 Indusind Bank                            Financials              5.2%
 Ramkrishna Forgings                      Materials               5.1%
 City Union Bank                          Financials              4.6%
 Emami                                    Consumer Staples        4.3%
 Persistent Systems                       Information Technology  3.6%
 PI Industries                            Materials               3.5%
 Affle India                              Communication Services  3.2%
 Balkrishna Industries                    Consumer Discretionary  3.1%
 Multi Commodity Exchange                 Financials              3.1%
 Neuland Laboratories                     Health Care             2.9%
 Jyothy Laboratories                      Consumer Staples        2.9%
 Kajaria Ceramics                         Industrials             2.8%
 Bajaj Electrical                         Consumer Discretionary  2.8%
 CCL Products India                       Consumer Staples        2.7%
 Tech Mahindra                            Information Technology  2.7%
 Dixon Technologies                       Consumer Discretionary  2.7%
 Sagar Cements                            Materials               2.4%
 Welspun India                            Consumer Discretionary  2.4%

 Portfolio analysis by market capitalisation size as at 31 October 2022
                                          No. of Companies        % of Portfolio

 Market capitalisation size
 Small Cap (M/Cap < US$2bn)               16                      42.5%
 Mid Cap (US$2bn < M/Cap < US$8bn)        16                      44.9%
 Large Cap (M/Cap > US$8bn)               3                       9.0%
 Total Equity Investment                  35                      96.4%
 Net Cash                                                         3.6%
 Total Portfolio                          35                      100.0%

 

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