REG - India CapitalGrwthFd - Net Asset Value

India Capital Growth FundAnnouncement

06/07/2023 08:00

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RNS Number : 1773F  India Capital Growth Fund Limited  06 July 2023

06 July 2023

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

Net Asset Value statement at 30 June 2023

The Company announces its Net Asset Value ("NAV") per ordinary share as at 30
June 2023 was 150.68 pence.

In June, the NAV was up 4.52% in Sterling terms, whilst the BSE MidCap TR
Index was up 5.24%, delivering an underperformance against the notional
benchmark of 0.72%. In local currency terms, the NAV was up 5.67%.

The Company also announces its Net Asset Value per ordinary share before
Indian CGT (deferred tax provision) as at 30 June 2023 was 156.56 pence.

 

 Portfolio analysis by sector as at 30 June 2023

 Sector                                   No. of Companies        % of Portfolio
 Financials                               6                       22.7%
 Materials                                7                       18.2%
 Consumer Discretionary                   8                       18.0%
 Industrials                              6                       14.3%
 Consumer Staples                         3                       9.1%
 Information Technology                   2                       5.5%
 Health Care                              1                       3.9%
 Communication Services                   1                       3.0%
 Real Estate                              0                       0.0%
 Energy                                   0                       0.0%
 Utilities                                0                       0.0%
 Total Equity Investment                  34                      94.7%
 Cash & cash equivalents                                          5.3%
 Total Portfolio                          34                      100.0%


 Top 20 holdings as at 30 June 2023

 Holding                                  Sector                  % of Portfolio
 IDFC Bank                                Financials              6.1%
 Federal Bank                             Financials              5.8%
 Indusind Bank                            Financials              5.3%
 Ramkrishna Forgings                      Materials               5.0%
 Neuland Laboratories                     Health Care             3.9%
 PI Industries                            Materials               3.6%
 Skipper                                  Industrials             3.6%
 Persistent Systems                       Information Technology  3.5%
 Dixon Technologies                       Consumer Discretionary  3.3%
 Emami                                    Consumer Staples        3.3%
 Sona BLW Precision Forgings              Consumer Discretionary  3.2%
 CCL Products India                       Consumer Staples        3.1%
 Affle India                              Communication Services  3.0%
 JK Lakshmi Cement                        Materials               2.9%
 Kajaria Ceramics                         Industrials             2.8%
 Balkrishna Industries                    Consumer Discretionary  2.7%
 Jyothy Laboratories                      Consumer Staples        2.7%
 City Union Bank                          Financials              2.7%
 Bajaj Electricals                        Consumer Discretionary  2.5%
 Welspun India                            Consumer Discretionary  2.4%

 Portfolio analysis by market capitalisation size as at 30 June 2023
                                          No. of Companies        % of Portfolio

 Market capitalisation size
 Small Cap (M/Cap < US$2bn)               17                      45.0%
 Mid Cap (US$2bn < M/Cap < US$8bn)        14                      41.1%
 Large Cap (M/Cap > US$8bn)               3                       8.6%
 Total Equity Investment                  34                      94.7%
 Net Cash                                                         5.3%
 Total Portfolio                          34                      100.0%

 

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