REG - India CapitalGrwthFd - Net Asset Value

India Capital Growth FundAnnouncement

06/02/2024 10:15

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RNS Number : 1856C  India Capital Growth Fund Limited  06 February 2024

06 February 2024

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

Net Asset Value statement at 31 January 2024

The Company announces its Net Asset Value ("NAV") per ordinary share as at 31
January 2024 was 183.49 pence.

In January, the NAV was up 1.88% in Sterling terms, whilst the BSE MidCap TR
Index was up 6.06%, delivering an underperformance against the notional
benchmark of 4.18%. In local currency terms, the NAV was up 1.11%.

The Company also announces its Net Asset Value per ordinary share before
Indian CGT (deferred tax provision) as at 31 January 2024 was 192.53 pence.

 

 Portfolio analysis by sector as at 31 January 2024

 Sector                                   No. of Companies        % of Portfolio
 Financials                               7                       23.4%
 Consumer Discretionary                   7                       19.2%
 Materials                                5                       15.3%
 Industrials                              5                       14.2%
 Consumer Staples                         3                       9.5%
 Information Technology                   2                       6.2%
 Health Care                              1                       4.4%
 Communication Services                   1                       3.2%
 Real Estate                              0                       0.0%
 Energy                                   0                       0.0%
 Utilities                                0                       0.0%
 Total Equity Investment                  31                      95.3%
 Cash & cash equivalents                                          4.7%
 Total Portfolio                          31                      100.0%

 Top 20 holdings as at 31 January 2024

 Holding                                  Sector                  % of Portfolio
 Federal Bank                             Financials              5.3%
 IDFC Bank                                Financials              4.4%
 Neuland Laboratories                     Health Care             4.4%
 Dixon Technologies                       Consumer Discretionary  4.3%
 Ramkrishna Forgings                      Materials               4.1%
 Emami                                    Consumer Staples        4.1%
 Skipper                                  Industrials             4.0%
 Persistent Systems                       Information Technology  3.9%
 RBL Bank                                 Financials              3.9%
 Indusind Bank                            Financials              3.8%
 Sona BLW Precision Forgings              Consumer Discretionary  3.6%
 JK Lakshmi Cement                        Materials               3.5%
 PI Industries                            Materials               3.3%
 Welspun India                            Consumer Discretionary  3.3%
 Affle India                              Communication Services  3.2%
 Ashok Leyland                            Industrials             3.0%
 CCL Products India                       Consumer Staples        2.9%
 Kajaria Ceramics                         Industrials             2.9%
 VIP Industries                           Consumer Discretionary  2.7%
 Multi Commodity Exchange                 Financials              2.6%

 Portfolio analysis by market capitalisation size as at 31 January 2024
                                          No. of Companies        % of Portfolio

 Market capitalisation size
 Small Cap (M/Cap < US$2bn)               14                      41.6%
 Mid Cap (US$2bn < M/Cap < US$8bn)        14                      46.4%
 Large Cap (M/Cap > US$8bn)               3                       7.3%
 Total Equity Investment                  31                      95.3%
 Net Cash                                                         4.7%
 Total Portfolio                          31                      100.0%

 

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