REG - India CapitalGrwthFd - Net Asset Value

India Capital Growth FundAnnouncement

06/12/2022 09:30

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RNS Number : 7403I  India Capital Growth Fund Limited  06 December 2022

06 December 2022

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

Net Asset Value statement at 30 November 2022

The Company announces its Net Asset Value ("NAV") per ordinary share as at 30
November 2022 was 141.43 pence.

In November, the NAV was up 1.37% in Sterling terms, whilst the BSE MidCap TR
Index was up 0.18%, delivering an outperformance against the notional
benchmark of 1.19%. In local currency terms, the NAV was up 3.72%.

The Company also announces its Net Asset Value per ordinary share before
Indian CGT (deferred tax provision) as at 30 November 2022 was 146.18
pence.

 

 Portfolio analysis by sector as at 30 November 2022

 Sector                                   No. of Companies        % of Portfolio
 Financials                               6                       26.3%
 Materials                                7                       18.2%
 Consumer Discretionary                   7                       15.0%
 Industrials                              5                       12.0%
 Consumer Staples                         3                       9.9%
 Information Technology                   3                       7.4%
 Health Care                              2                       3.6%
 Communication Services                   1                       3.4%
 Real Estate                              0                       0.0%
 Energy                                   0                       0.0%
 Utilities                                0                       0.0%
 Total Equity Investment                  34                      95.8%
 Cash & cash equivalents                                          4.2%
 Total Portfolio                          34                      100.0%

 Top 20 holdings as at 30 November 2022

 Holding                                  Sector                  % of Portfolio
 Federal Bank                             Financials              6.9%
 IDFC Bank                                Financials              6.0%
 Indusind Bank                            Financials              5.1%
 Ramkrishna Forgings                      Materials               4.7%
 City Union Bank                          Financials              4.5%
 Emami                                    Consumer Staples        4.2%
 Persistent Systems                       Information Technology  3.9%
 PI Industries                            Materials               3.6%
 Affle India                              Communication Services  3.4%
 Neuland Laboratories                     Health Care             3.3%
 Balkrishna Industries                    Consumer Discretionary  3.1%
 Multi Commodity Exchange                 Financials              3.0%
 Kajaria Ceramics                         Industrials             2.9%
 JK Lakshmi Cement                        Materials               2.9%
 CCL Products India                       Consumer Staples        2.9%
 Jyothy Laboratories                      Consumer Staples        2.9%
 Skipper                                  Industrials             2.7%
 Tech Mahindra                            Information Technology  2.7%
 Bajaj Electricals                        Consumer Discretionary  2.5%
 Sagar Cements                            Materials               2.5%

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

 Market capitalisation size
 Small Cap (M/Cap < US$2bn)               16                      41.5%
 Mid Cap (US$2bn < M/Cap < US$8bn)        16                      46.6%
 Large Cap (M/Cap > US$8bn)               2                       7.7%
 Total Equity Investment                  34                      95.8%
 Net Cash                                                         4.2%
 Total Portfolio                          34                      100.0%

 

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