REG - India CapitalGrwthFd - Net Asset Value

India Capital Growth FundAnnouncement

05/12/2024 10:30

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RNS Number : 9840O  India Capital Growth Fund Limited  05 December 2024

05 December 2024

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

Net Asset Value statement at 29 November 2024

The Company announces its Net Asset Value ("NAV") per ordinary share as at 29
November 2024 was 211.84 pence.

In November, the NAV was up 3.18% in Sterling terms, whilst the BSE MidCap TR
Index was up 1.71%, delivering an outperformance against the notional
benchmark of 1.47%. In local currency terms, the NAV was up 1.77%.

The Company also announces its Net Asset Value per ordinary share before
Indian CGT (deferred tax provision) as at 29 November 2024 was 226.16 pence.

 

 Portfolio analysis by sector as at 29 November 2024

 Sector                                   No. of Companies           % of Portfolio
 Financial Banks                          5                          15.4%
 Industrials                              6                          13.3%
 Consumer Discretionary                   5                          13.1%
 Auto & Auto Ancillary                    4                          10.1%
 Consumer Staples                         4                          9.8%
 Healthcare                               2                          7.6%
 Chemicals                                2                          4.9%
 Digital                                  2                          4.8%
 Textiles                                 2                          4.4%
 Cement                                   2                          4.0%
 IT Services                              1                          4.0%
 Financial Services                       1                          3.8%
 Financial NBFC                           1                          1.0%
 Energy                                   0                          0.0%
 Metals                                   0                          0.0%
 Utilities                                0                          0.0%
 Real Estate                              0                          0.0%
 Total Equity Investment                  37                         96.1%
 Cash & cash equivalents                                             3.9%
 Total Portfolio                          37                         100.0%

 Top 20 holdings as at 29 November 2024

 Holding                                  Sector                     % of Portfolio
 Federal Bank                             Financial Banks            5.7%
 Neuland Laboratories                     Healthcare                 5.7%
 Skipper                                  Industrials                5.3%
 Dixon Technologies                       Consumer Discretionary     5.3%
 Persistent Systems                       IT Services                4.0%
 Emami                                    Consumer Staples           3.9%
 Ramkrishna Forgings                      Auto & Auto Ancillary      3.9%
 Multi Commodity Exchange                 Financial Services         3.8%
 PI Industries                            Chemicals                  3.2%
 Sona BLW Precision Forgings              Auto & Auto Ancillary      3.1%
 Affle India                              Digital                    3.0%
 IDFC Bank                                Financial Banks            2.8%
 VIP Industries                           Consumer Discretionary     2.8%
 CCL Products India                       Consumer Staples           2.8%
 RBL Bank                                 Financial Banks            2.5%
 City Union Bank                          Financial Banks            2.4%
 JK Lakshmi Cement                        Cement                     2.3%
 PSP Projects                             Industrials                2.3%
 Welspun India                            Textiles                   2.2%
 Gokaldas Exports                         Textiles                   2.1%

 Portfolio analysis by market capitalisation size as at 29 November 2024
                                          No. of Companies           % of Portfolio

 Market capitalisation size
 Small Cap (M/Cap < US$2bn)               19                         39.4%
 Mid Cap (US$2bn < M/Cap < US$8bn)        14                         44.5%
 Large Cap (M/Cap > US$8bn)               4                          12.3%
 Total Equity Investment                  37                         96.1%
 Net Cash                                                            3.9%
 Total Portfolio                          37                         100.0%

 

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