REG - India CapitalGrwthFd - Net Asset Value

India Capital Growth FundAnnouncement

04/08/2023 09:45

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RNS Number : 3615I  India Capital Growth Fund Limited  04 August 2023

04 August 2023

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

Net Asset Value statement at 31 July 2023

The Company announces its Net Asset Value ("NAV") per ordinary share as at 31
July 2023 was 156.30 pence.

In July, the NAV was up 3.73% in Sterling terms, whilst the BSE MidCap TR
Index was up 3.64%, delivering an outperformance against the notional
benchmark of 0.09%. In local currency terms, the NAV was up 5.99%.

The Company also announces its Net Asset Value per ordinary share before
Indian CGT (deferred tax provision) as at 31 July 2023 was 162.91 pence.

 

 Portfolio analysis by sector as at 31 July 2023

 Sector                                   No. of Companies        % of Portfolio
 Financials                               6                       22.3%
 Consumer Discretionary                   8                       18.2%
 Materials                                7                       16.7%
 Industrials                              6                       15.1%
 Consumer Staples                         3                       10.0%
 Information Technology                   2                       5.0%
 Health Care                              1                       3.9%
 Communication Services                   1                       2.8%
 Real Estate                              0                       0.0%
 Energy                                   0                       0.0%
 Utilities                                0                       0.0%
 Total Equity Investment                  34                      93.9%
 Cash & cash equivalents                                          6.1%
 Total Portfolio                          34                      100.0%

 Top 20 holdings as at 31 July 2023

 Holding                                  Sector                  % of Portfolio
 IDFC Bank                                Financials              5.9%
 Federal Bank                             Financials              5.9%
 Indusind Bank                            Financials              5.1%
 Ramkrishna Forgings                      Materials               5.0%
 Neuland Laboratories                     Health Care             3.9%
 Jyothy Laboratories                      Consumer Staples        3.7%
 Skipper                                  Industrials             3.6%
 Emami                                    Consumer Staples        3.6%
 Sona BLW Precision Forgings              Consumer Discretionary  3.3%
 PI Industries                            Materials               3.1%
 Persistent Systems                       Information Technology  3.1%
 Kajaria Ceramics                         Industrials             3.0%
 Dixon Technologies                       Consumer Discretionary  3.0%
 Affle India                              Communication Services  2.8%
 Balkrishna Industries                    Consumer Discretionary  2.7%
 CCL Products India                       Consumer Staples        2.7%
 Uniparts India                           Industrials             2.7%
 Welspun India                            Consumer Discretionary  2.7%
 City Union Bank                          Financials              2.6%
 VIP Industries                           Consumer Discretionary  2.4%

 Portfolio analysis by market capitalisation size as at 31 July 2023
                                          No. of Companies        % of Portfolio

 Market capitalisation size
 Small Cap (M/Cap < US$2bn)               17                      45.7%
 Mid Cap (US$2bn < M/Cap < US$8bn)        14                      40.0%
 Large Cap (M/Cap > US$8bn)               3                       8.2%
 Total Equity Investment                  34                      93.9%
 Net Cash                                                         6.1%
 Total Portfolio                          34                      100.0%

 

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