REG - India CapitalGrwthFd - Net Asset Value

India Capital Growth FundAnnouncement

07/01/2025 09:45

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RNS Number : 4050S  India Capital Growth Fund Limited  07 January 2025

07 January 2025

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

Net Asset Value statement at 31 December 2024

The Company announces its Net Asset Value ("NAV") per ordinary share as at 31
December 2024 was 209.01 pence.

In December, the NAV was down 1.33% in Sterling terms, whilst the BSE MidCap
TR Index was up 0.81%, delivering an underperformance against the notional
benchmark of 2.14%. In local currency terms, the NAV was down 1.33%.

The Company also announces its Net Asset Value per ordinary share before
Indian CGT (deferred tax provision) as at 31 December 2024 was 222.26 pence.

 

 Portfolio analysis by sector as at 31 December 2024

 Sector                                   No. of Companies           % of Portfolio
 Financial Banks                          5                          15.2%
 Industrials                              5                          12.7%
 Consumer Discretionary                   5                          12.6%
 Auto & Auto Ancillary                    4                          9.7%
 Consumer Staples                         4                          9.2%
 Healthcare                               2                          6.7%
 Digital                                  2                          5.3%
 Textiles                                 2                          4.9%
 Chemicals                                2                          4.8%
 IT Services                              1                          4.4%
 Cement                                   2                          4.3%
 Financial Services                       1                          3.9%
 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                  36                         94.8%
 Cash & cash equivalents                                             5.2%
 Total Portfolio                          36                         100.0%

 Top 20 holdings as at 31 December 2024

 Holding                                  Sector                     % of Portfolio
 Skipper                                  Industrials                5.5%
 Federal Bank                             Financial Banks            5.5%
 Dixon Technologies                       Consumer Discretionary     5.1%
 Neuland Laboratories                     Healthcare                 4.8%
 Persistent Systems                       IT Services                4.4%
 Multi Commodity Exchange                 Financial Services         3.9%
 Ramkrishna Forgings                      Auto & Auto Ancillary      3.7%
 Emami                                    Consumer Staples           3.5%
 Affle India                              Digital                    3.4%
 PI Industries                            Chemicals                  3.0%
 IDFC Bank                                Financial Banks            2.8%
 Sona BLW Precision Forgings              Auto & Auto Ancillary      2.8%
 VIP Industries                           Consumer Discretionary     2.7%
 CCL Products India                       Consumer Staples           2.6%
 Gokaldas Exports                         Textiles                   2.6%
 RBL Bank                                 Financial Banks            2.5%
 JK Lakshmi Cement                        Cement                     2.5%
 City Union Bank                          Financial Banks            2.4%
 Welspun India                            Textiles                   2.3%
 PSP Projects                             Industrials                2.2%

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

 Market capitalisation size
 Small Cap (M/Cap < US$2bn)               19                         43.6%
 Mid Cap (US$2bn < M/Cap < US$8bn)        13                         38.8%
 Large Cap (M/Cap > US$8bn)               4                          12.5%
 Total Equity Investment                  36                         94.8%
 Net Cash                                                            5.2%
 Total Portfolio                          36                         100.0%

 

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