REG - India CapitalGrwthFd - Net Asset Value

India Capital Growth FundAnnouncement

05/06/2025 09:45

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RNS Number : 6102L  India Capital Growth Fund Limited  05 June 2025

05 June 2025

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

Net Asset Value statement at 30 May 2025

The Company announces its Net Asset Value ("NAV") per ordinary share as at 30
May 2025 was 184.13 pence.

In May, the NAV was up 4.24% in Sterling terms, whilst the BSE MidCap TR Index
was up 4.19%, delivering an outperformance against the notional benchmark of
0.05%. In local currency terms, the NAV was UP 5.40%.

The Company also announces its Net Asset Value per ordinary share before
Indian CGT (deferred tax provision) as at 30 May 2025 was 194.19 pence.

 

 Portfolio analysis by sector as at 30 May 2025

 Sector                                    No. of Companies           % of Portfolio
 Financial Banks                           5                          15.4%
 Industrials                               6                          14.4%
 Consumer Staples                          4                          10.5%
 Consumer Discretionary                    4                          9.9%
 Auto & Auto Ancillary                     4                          8.4%
 Healthcare                                2                          5.9%
 Digital                                   2                          5.7%
 IT Services                               2                          5.2%
 Chemicals                                 2                          4.9%
 Cement                                    2                          4.8%
 Textiles                                  2                          4.5%
 Financial Services                        1                          4.4%
 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                   37                         95.5%
 Cash & cash equivalents                                              4.5%
 Total Portfolio                           37                         100.0%

 Top 20 holdings as at 30 May 2025

 Holding                                   Sector                     % of Portfolio
 Skipper                                   Industrials                4.9%
 Federal Bank                              Financial Banks            4.6%
 Dixon Technologies                        Consumer Discretionary     4.5%
 Multi Commodity Exchange                  Financial Services         4.4%
 Neuland Laboratories                      Healthcare                 4.1%
 Emami                                     Consumer Staples           3.9%
 RBL Bank                                  Financial Banks            3.7%
 Persistent Systems                        IT Services                3.7%
 Affle India                               Digital                    3.5%
 CCL Products India                        Consumer Staples           3.4%
 PI Industries                             Chemicals                  3.3%
 IDFC Bank                                 Financial Banks            3.3%
 City Union Bank                           Financial Banks            2.9%
 Sona BLW Precision Forgings               Auto & Auto Ancillary      2.8%
 JK Lakshmi Cement                         Cement                     2.8%
 Ramkrishna Forgings                       Auto & Auto Ancillary      2.5%
 Gokaldas Exports                          Textiles                   2.4%
 PSP Projects                              Industrials                2.4%
 Cartrade Technologies                     Digital                    2.2%
 Elecon Engineering                        Industrials                2.2%

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

 Market capitalisation size
 Small Cap (M/Cap < US$4bn)                27                         68.5%
 Mid Cap (US$4bn < M/Cap < US$12bn)        9                          25.6%
 Large Cap (M/Cap > US$12bn)               1                          1.5%
 Total Equity Investment                   37                         95.5%
 Net Cash                                                             4.5%
 Total Portfolio                           37                         100.0%

 

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