REG - India CapitalGrwthFd - Net Asset Value

India Capital Growth FundAnnouncement

05/04/2024 10:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240405:nRSE5065Ja&default-theme=true

RNS Number : 5065J  India Capital Growth Fund Limited  05 April 2024

05 April 2024

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

Net Asset Value statement at 28 March 2024

The Company announces its Net Asset Value ("NAV") per ordinary share as at 28
March 2024 was 177.06 pence.

In March, the NAV was down 4.20% in Sterling terms, whilst the BSE MidCap TR
Index was down 0.24%, delivering an underperformance against the notional
benchmark of 3.96%. In local currency terms, the NAV was down 3.97%.

The Company also announces its Net Asset Value per ordinary share before
Indian CGT (deferred tax provision) as at 28 March 2024 was 185.23 pence.

 

 Portfolio analysis by sector as at 28 March 2024

 Sector                                   No. of Companies        % of Portfolio
 Financials                               7                       22.2%
 Consumer Discretionary                   8                       21.5%
 Industrials                              7                       14.2%
 Materials                                5                       14.2%
 Consumer Staples                         3                       8.1%
 Health Care                              3                       7.3%
 Information Technology                   2                       5.7%
 Communication Services                   1                       2.6%
 Real Estate                              0                       0.0%
 Energy                                   0                       0.0%
 Utilities                                0                       0.0%
 Total Equity Investment                  36                      95.9%
 Cash & cash equivalents                                          4.1%
 Total Portfolio                          36                      100.0%

 Top 20 holdings as at 28 March 2024

 Holding                                  Sector                  % of Portfolio
 Federal Bank                             Financials              5.3%
 Dixon Technologies                       Consumer Discretionary  5.2%
 Skipper                                  Industrials             4.3%
 Neuland Laboratories                     Health Care             4.2%
 Sona BLW Precision Forgings              Consumer Discretionary  4.0%
 IDFC Bank                                Financials              3.8%
 Indusind Bank                            Financials              3.8%
 PI Industries                            Materials               3.7%
 Persistent Systems                       Information Technology  3.7%
 Ramkrishna Forgings                      Materials               3.7%
 RBL Bank                                 Financials              3.5%
 Emami                                    Consumer Staples        3.4%
 JK Lakshmi Cement                        Materials               3.2%
 VIP Industries                           Consumer Discretionary  3.0%
 Ashok Leyland                            Industrials             2.9%
 Welspun India                            Consumer Discretionary  2.7%
 Affle India                              Communication Services  2.6%
 Multi Commodity Exchange                 Financials              2.5%
 CCL Products India                       Consumer Staples        2.5%
 Kajaria Ceramics                         Industrials             2.4%

 Portfolio analysis by market capitalisation size as at 28 March 2024
                                          No. of Companies        % of Portfolio

 Market capitalisation size
 Small Cap (M/Cap < US$2bn)               20                      48.2%
 Mid Cap (US$2bn < M/Cap < US$8bn)        13                      40.6%
 Large Cap (M/Cap > US$8bn)               3                       7.0%
 Total Equity Investment                  36                      95.9%
 Net Cash                                                         4.1%
 Total Portfolio                          36                      100.0%

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NAVVELBBZZLZBBE