REG - India CapitalGrwthFd - Net Asset Value

India Capital Growth FundAnnouncement

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RNS Number : 8055P  India Capital Growth Fund Limited  04 July 2025

04 July 2025

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

Net Asset Value statement at 30 June 2025

The Company announces its Net Asset Value ("NAV") per ordinary share as at 30
June 2025 was 189.58 pence.

In June, the NAV was up 2.96% in Sterling terms, whilst the BSE MidCap TR
Index was up 1.85%, delivering an outperformance against the notional
benchmark of 1.11%. In local currency terms, the NAV was UP 5.04%.

The Company also announces its Net Asset Value per ordinary share before
Indian CGT (deferred tax provision) as at 30 June 2025 was 200.98 pence.

 

 Portfolio analysis by sector as at 30 June 2025

 Sector                                    No. of Companies           % of Portfolio
 Financial Banks                           5                          16.0%
 Industrials                               6                          13.2%
 Consumer Discretionary                    4                          9.9%
 Consumer Staples                          4                          9.7%
 Auto & Auto Ancillary                     4                          8.0%
 Digital                                   2                          6.1%
 Healthcare                                2                          5.7%
 IT Services                               2                          5.4%
 Financial Services                        1                          5.1%
 Chemicals                                 2                          4.9%
 Cement                                    2                          4.7%
 Textiles                                  2                          4.2%
 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                   37                         94.4%
 Cash & cash equivalents                                              5.6%
 Total Portfolio                           37                         100.0%

 Top 20 holdings as at 30 June 2025

 Holding                                   Sector                     % of Portfolio
 Multi Commodity Exchange                  Financial Services         5.1%
 Skipper                                   Industrials                4.8%
 Federal Bank                              Financial Banks            4.6%
 Dixon Technologies                        Consumer Discretionary     4.4%
 Neuland Laboratories                      Healthcare                 4.1%
 RBL Bank                                  Financial Banks            4.1%
 Affle India                               Digital                    3.9%
 Persistent Systems                        IT Services                3.7%
 Emami                                     Consumer Staples           3.6%
 PI Industries                             Chemicals                  3.4%
 IDFC Bank                                 Financial Banks            3.3%
 City Union Bank                           Financial Banks            3.1%
 CCL Products India                        Consumer Staples           3.1%
 JK Lakshmi Cement                         Cement                     2.8%
 Ramkrishna Forgings                       Auto & Auto Ancillary      2.7%
 VIP Industries                            Consumer Discretionary     2.4%
 Sona BLW Precision Forgings               Auto & Auto Ancillary      2.3%
 Cartrade Technologies                     Digital                    2.3%
 Welspun India                             Textiles                   2.2%
 Gokaldas Exports                          Textiles                   2.1%

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

 Market capitalisation size
 Small Cap (M/Cap < US$4bn)                26                         62.4%
 Mid Cap (US$4bn < M/Cap < US$12bn)        10                         30.5%
 Large Cap (M/Cap > US$12bn)               1                          1.4%
 Total Equity Investment                   37                         94.4%
 Net Cash                                                             5.6%
 Total Portfolio                           37                         100.0%

 

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