REG - India CapitalGrwthFd - Net Asset Value

India Capital Growth FundAnnouncement

Wed 09:00

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RNS Number : 5414H  India Capital Growth Fund Limited  07 May 2025

07 May 2025

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

Net Asset Value statement at 30 April 2025

The Company announces its Net Asset Value ("NAV") per ordinary share as at 30
April 2025 was 176.63 pence.

In April, the NAV was up 0.76% in Sterling terms, whilst the BSE MidCap TR
Index was up 0.43%, delivering an outperformance against the notional
benchmark of 0.33%. In local currency terms, the NAV was UP 3.61%.

The Company also announces its Net Asset Value per ordinary share before
Indian CGT (deferred tax provision) as at 30 April 2025 was 185.35 pence.

 

 Portfolio analysis by sector as at 30 April 2025

 Sector                                    No. of Companies           % of Portfolio
 Financial Banks                           5                          15.5%
 Industrials                               6                          13.6%
 Consumer Discretionary                    5                          10.2%
 Consumer Staples                          4                          9.9%
 Auto & Auto Ancillary                     4                          8.5%
 Healthcare                                2                          6.4%
 Digital                                   2                          6.0%
 Chemicals                                 2                          5.2%
 IT Services                               2                          4.6%
 Cement                                    2                          4.6%
 Financial Services                        1                          4.4%
 Textiles                                  2                          4.3%
 Financial NBFC                            1                          1.4%
 Energy                                    0                          0.0%
 Metals                                    0                          0.0%
 Utilities                                 0                          0.0%
 Real Estate                               0                          0.0%
 Total Equity Investment                   38                         94.7%
 Cash & cash equivalents                                              5.3%
 Total Portfolio                           38                         100.0%

 Top 20 holdings as at 30 April 2025

 Holding                                   Sector                     % of Portfolio
 Dixon Technologies                        Consumer Discretionary     5.3%
 Skipper                                   Industrials                4.8%
 Federal Bank                              Financial Banks            4.7%
 Neuland Laboratories                      Healthcare                 4.6%
 Emami                                     Consumer Staples           4.4%
 Multi Commodity Exchange                  Financial Services         4.4%
 Persistent Systems                        IT Services                3.7%
 RBL Bank                                  Financial Banks            3.7%
 Affle India                               Digital                    3.4%
 PI Industries                             Chemicals                  3.3%
 IDFC Bank                                 Financial Banks            3.3%
 City Union Bank                           Financial Banks            2.8%
 JK Lakshmi Cement                         Cement                     2.7%
 Ramkrishna Forgings                       Auto & Auto Ancillary      2.6%
 Sona BLW Precision Forgings               Auto & Auto Ancillary      2.6%
 Cartrade Technologies                     Digital                    2.5%
 PSP Projects                              Industrials                2.5%
 CCL Products India                        Consumer Staples           2.4%
 Balkrishna Industries                     Auto & Auto Ancillary      2.3%
 Gokaldas Exports                          Textiles                   2.2%

 Portfolio analysis by market capitalisation size as at 30 April 2025
                                           No. of Companies           % of Portfolio

 Market capitalisation size
 Small Cap (M/Cap < US$4bn)                28                         67.0%
 Mid Cap (US$4bn < M/Cap < US$12bn)        9                          26.2%
 Large Cap (M/Cap > US$12bn)               1                          1.4%
 Total Equity Investment                   38                         94.7%
 Net Cash                                                             5.3%
 Total Portfolio                           38                         100.0%

 

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