REG - India CapitalGrwthFd - Net Asset Value

India Capital Growth FundAnnouncement

06/11/2024 11:15

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RNS Number : 1984L  India Capital Growth Fund Limited  06 November 2024

06 November 2024

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

Net Asset Value statement at 31 October 2024

The Company announces its Net Asset Value ("NAV") per ordinary share as at 31
October 2024 was 205.30 pence.

In October, the NAV was up 0.52% in Sterling terms, whilst the BSE MidCap TR
Index was down 4.10%, delivering an outperformance against the notional
benchmark of 4.62%. In local currency terms, the NAV was down 2.36%.

The Company also announces its Net Asset Value per ordinary share before
Indian CGT (deferred tax provision) as at 31 October 2024 was 218.56 pence.

 

 Portfolio analysis by sector as at 31 October 2024

 Sector                                   No. of Companies           % of Portfolio
 Financial Banks                          5                          15.9%
 Industrials                              6                          13.1%
 Consumer Discretionary                   5                          12.6%
 Auto & Auto Ancillary                    4                          10.3%
 Consumer Staples                         4                          10.1%
 Healthcare                               2                          7.3%
 Chemicals                                2                          5.4%
 Digital                                  2                          4.3%
 Textiles                                 2                          4.3%
 Cement                                   2                          4.2%
 Financial Services                       1                          4.1%
 IT Services                              1                          3.7%
 Financial NBFC                           1                          1.1%
 Energy                                   0                          0.0%
 Metals                                   0                          0.0%
 Utilities                                0                          0.0%
 Real Estate                              0                          0.0%
 Total Equity Investment                  37                         96.4%
 Cash & cash equivalents                                             3.6%
 Total Portfolio                          37                         100.0%

 Top 20 holdings as at 31 October 2024

 Holding                                  Sector                     % of Portfolio
 Federal Bank                             Financial Banks            5.6%
 Neuland Laboratories                     Healthcare                 5.5%
 Skipper                                  Industrials                5.5%
 Dixon Technologies                       Consumer Discretionary     4.8%
 Emami                                    Consumer Staples           4.1%
 Multi Commodity Exchange                 Financial Services         4.1%
 Ramkrishna Forgings                      Auto & Auto Ancillary      3.8%
 Persistent Systems                       IT Services                3.7%
 PI Industries                            Chemicals                  3.6%
 Sona BLW Precision Forgings              Auto & Auto Ancillary      3.3%
 IDFC Bank                                Financial Banks            2.9%
 Affle India                              Digital                    2.9%
 RBL Bank                                 Financial Banks            2.7%
 VIP Industries                           Consumer Discretionary     2.7%
 JK Lakshmi Cement                        Cement                     2.5%
 City Union Bank                          Financial Banks            2.4%
 CCL Products India                       Consumer Staples           2.4%
 Welspun India                            Textiles                   2.3%
 IndusInd Bank                            Financial Banks            2.1%
 PSP Projects                             Industrials                2.1%

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

 Market capitalisation size
 Small Cap (M/Cap < US$2bn)               19                         41.6%
 Mid Cap (US$2bn < M/Cap < US$8bn)        13                         39.5%
 Large Cap (M/Cap > US$8bn)               5                          15.3%
 Total Equity Investment                  37                         96.4%
 Net Cash                                                            3.6%
 Total Portfolio                          37                         100.0%

 

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