REG - India CapitalGrwthFd - Net Asset Value

India Capital Growth FundAnnouncement

05/05/2023 09:00

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RNS Number : 4796Y  India Capital Growth Fund Limited  05 May 2023

05 May 2023

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

Net Asset Value statement at 28 April 2023

The Company announces its Net Asset Value ("NAV") per ordinary share as at 28
April 2023 was 137.02 pence.

In April, the NAV was up 5.85% in Sterling terms, whilst the BSE MidCap TR
Index was up 5.79%, delivering an outperformance against the notional
benchmark of 0.06%. In local currency terms, the NAV was up 6.01%.

The Company also announces its Net Asset Value per ordinary share before
Indian CGT (deferred tax provision) as at 28 April 2023 was 141.39 pence.

 

 Portfolio analysis by sector as at 28 April 2023

 Sector                                   No. of Companies        % of Portfolio
 Financials                               6                       24.2%
 Materials                                7                       17.8%
 Consumer Discretionary                   8                       16.5%
 Industrials                              6                       14.5%
 Consumer Staples                         3                       9.1%
 Information Technology                   2                       5.7%
 Health Care                              1                       3.9%
 Communication Services                   1                       2.5%
 Real Estate                              0                       0.0%
 Energy                                   0                       0.0%
 Utilities                                0                       0.0%
 Total Equity Investment                  34                      94.2%
 Cash & cash equivalents                                          5.8%
 Total Portfolio                          34                      100.0%

 Top 20 holdings as at 28 April 2023

 Holding                                  Sector                  % of Portfolio
 Federal Bank                             Financials              7.0%
 IDFC Bank                                Financials              6.2%
 Indusind Bank                            Financials              5.0%
 Ramkrishna Forgings                      Materials               4.2%
 Neuland Laboratories                     Health Care             3.9%
 Persistent Systems                       Information Technology  3.7%
 PI Industries                            Materials               3.5%
 City Union Bank                          Financials              3.3%
 Emami                                    Consumer Staples        3.3%
 JK Lakshmi Cement                        Materials               3.1%
 CCL Products India                       Consumer Staples        3.1%
 Skipper                                  Industrials             2.9%
 Balkrishna Industries                    Consumer Discretionary  2.8%
 Sona BLW Precision Forgings              Consumer Discretionary  2.8%
 Kajaria Ceramics                         Industrials             2.7%
 Jyothy Laboratories                      Consumer Staples        2.7%
 Welspun India                            Consumer Discretionary  2.6%
 Uniparts India                           Industrials             2.6%
 Dixon Technologies                       Consumer Discretionary  2.5%
 Affle India                              Communication Services  2.5%

 Portfolio analysis by market capitalisation size as at 28 April 2023
                                          No. of Companies        % of Portfolio

 Market capitalisation size
 Small Cap (M/Cap < US$2bn)               17                      44.4%
 Mid Cap (US$2bn < M/Cap < US$8bn)        14                      41.6%
 Large Cap (M/Cap > US$8bn)               3                       8.1%
 Total Equity Investment                  34                      94.2%
 Net Cash                                                         5.8%
 Total Portfolio                          34                      100.0%

 

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