REG - India CapitalGrwthFd - Net Asset Value

India Capital Growth FundAnnouncement

04/04/2025 09:45

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RNS Number : 7140D  India Capital Growth Fund Limited  04 April 2025

04 April 2025

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

Net Asset Value statement at 28 March 2025

The Company announces its Net Asset Value ("NAV") per ordinary share as at 28
March 2025 was 175.31 pence.

In March, the NAV was up 3.49% in Sterling terms, whilst the BSE MidCap TR
Index was up 6.92%, delivering an underperformance against the notional
benchmark of 3.43%. In local currency terms, the NAV was up 4.21%.

The Company also announces its Net Asset Value per ordinary share before
Indian CGT (deferred tax provision) as at 28 March 2025 was 183.45 pence.

 

 Portfolio analysis by sector as at 28 March 2025

 Sector                                    No. of Companies           % of Portfolio
 Financial Banks                           5                          15.6%
 Industrials                               6                          13.5%
 Auto & Auto Ancillary                     4                          9.8%
 Consumer Discretionary                    5                          9.8%
 Consumer Staples                          4                          9.7%
 Healthcare                                2                          6.8%
 Digital                                   2                          6.2%
 Chemicals                                 2                          5.3%
 IT Services                               2                          5.0%
 Textiles                                  2                          4.5%
 Cement                                    2                          4.4%
 Financial Services                        1                          3.9%
 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                         96.1%
 Cash & cash equivalents                                              3.9%
 Total Portfolio                           38                         100.0%

 Top 20 holdings as at 28 March 2025

 Holding                                   Sector                     % of Portfolio
 Federal Bank                              Financial Banks            5.3%
 Neuland Laboratories                      Healthcare                 5.0%
 Skipper                                   Industrials                4.8%
 Dixon Technologies                        Consumer Discretionary     4.5%
 Emami                                     Consumer Staples           4.2%
 Ramkrishna Forgings                       Auto & Auto Ancillary      4.0%
 Persistent Systems                        IT Services                4.0%
 Multi Commodity Exchange                  Financial Services         3.9%
 Affle India                               Digital                    3.6%
 RBL Bank                                  Financial Banks            3.3%
 PI Industries                             Chemicals                  3.3%
 IDFC Bank                                 Financial Banks            2.9%
 JK Lakshmi Cement                         Cement                     2.8%
 Sona BLW Precision Forgings               Auto & Auto Ancillary      2.6%
 City Union Bank                           Financial Banks            2.6%
 PSP Projects                              Industrials                2.6%
 Cartrade Technologies                     Digital                    2.5%
 Welspun India                             Textiles                   2.4%
 CCL Products India                        Consumer Staples           2.3%
 Balkrishna Industries                     Auto & Auto Ancillary      2.3%

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

 Market capitalisation size
 Small Cap (M/Cap < US$4bn)                28                         68.2%
 Mid Cap (US$4bn < M/Cap < US$12bn)        9                          26.4%
 Large Cap (M/Cap > US$12bn)               1                          1.5%
 Total Equity Investment                   38                         96.1%
 Net Cash                                                             3.9%
 Total Portfolio                           38                         100.0%

 

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