REG - India CapitalGrwthFd - Net Asset Value

India Capital Growth FundAnnouncement

06/03/2025 11:15

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RNS Number : 6675Z  India Capital Growth Fund Limited  06 March 2025

06 March 2025

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

Net Asset Value statement at 28 February 2025

The Company announces its Net Asset Value ("NAV") per ordinary share as at 28
February 2025 was 169.40 pence.

In February, the NAV was down 12.45% in Sterling terms, whilst the BSE MidCap
TR Index was down 12.29%, delivering an underperformance against the notional
benchmark of 0.16%. In local currency terms, the NAV was down 10.54%.

The Company also announces its Net Asset Value per ordinary share before
Indian CGT (deferred tax provision) as at 28 February 2025 was 176.74 pence.

 

 Portfolio analysis by sector as at 28 February 2025

 Sector                                    No. of Companies           % of Portfolio
 Financial Banks                           5                          17.4%
 Industrials                               6                          13.3%
 Consumer Discretionary                    5                          11.4%
 Auto & Auto Ancillary                     4                          9.9%
 Consumer Staples                          4                          9.8%
 Healthcare                                2                          6.3%
 Digital                                   2                          5.8%
 Chemicals                                 2                          5.1%
 IT Services                               2                          5.0%
 Cement                                    2                          4.3%
 Textiles                                  2                          4.2%
 Financial Services                        1                          3.8%
 Financial NBFC                            1                          1.5%
 Energy                                    0                          0.0%
 Metals                                    0                          0.0%
 Utilities                                 0                          0.0%
 Real Estate                               0                          0.0%
 Total Equity Investment                   38                         97.8%
 Cash & cash equivalents                                              2.2%
 Total Portfolio                           38                         100.0%

 Top 20 holdings as at 28 February 2025

 Holding                                   Sector                     % of Portfolio
 Federal Bank                              Financial Banks            6.1%
 Skipper                                   Industrials                4.9%
 Dixon Technologies                        Consumer Discretionary     4.9%
 Neuland Laboratories                      Healthcare                 4.5%
 Emami                                     Consumer Staples           4.0%
 Persistent Systems                        IT Services                4.0%
 Multi Commodity Exchange                  Financial Services         3.8%
 Ramkrishna Forgings                       Auto & Auto Ancillary      3.5%
 Affle India                               Digital                    3.3%
 IDFC Bank                                 Financial Banks            3.2%
 RBL Bank                                  Financial Banks            3.1%
 PI Industries                             Chemicals                  3.0%
 Sona BLW Precision Forgings               Auto & Auto Ancillary      2.9%
 PSP Projects                              Industrials                2.6%
 CCL Products India                        Consumer Staples           2.5%
 City Union Bank                           Financial Banks            2.5%
 JK Lakshmi Cement                         Cement                     2.5%
 Indusind Bank                             Financial Banks            2.5%
 Cartrade Technologies                     Digital                    2.5%
 Balkrishna Industries                     Auto & Auto Ancillary      2.4%

 Portfolio analysis by market capitalisation size as at 28 February 2025
                                           No. of Companies           % of Portfolio

 Market capitalisation size
 Small Cap (M/Cap < US$4bn)                28                         67.6%
 Mid Cap (US$4bn < M/Cap < US$12bn)        9                          28.7%
 Large Cap (M/Cap > US$12bn)               1                          1.5%
 Total Equity Investment                   38                         97.8%
 Net Cash                                                             2.2%
 Total Portfolio                           38                         100.0%

 

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