REG - India CapitalGrwthFd - Net Asset Value

India Capital Growth FundAnnouncement

04/06/2026 12:30

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RNS Number : 0484H  India Capital Growth Fund Limited  04 June 2026

04 June 2026

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

Net Asset Value statement at 29 May 2026

The Company announces its Net Asset Value ("NAV") per ordinary share as at 29
May 2026 was 179.90 pence.

In May, the NAV was up 2.15% in Sterling terms, whilst the MSCI India SMID Cap
Index was up 2.63%, delivering an underperformance against the notional
benchmark of 0.48%. In local currency terms, the NAV was up 2.14%.

The Company also announces its Net Asset Value per ordinary share before
Indian CGT (deferred tax provision) as at 29 May 2026 was 190.42 pence.

 Portfolio analysis by sector as at 29 May 2026

 Sector                                        No. of Companies           % of Portfolio
 Industrials                                   6                          17.6%
 Financial Banks                               4                          17.1%
 Consumer Staples                              3                          8.6%
 Consumer Discretionary                        3                          8.5%
 Financial Services                            2                          7.2%
 Auto & Auto Ancillary                         3                          7.2%
 Healthcare                                    2                          5.9%
 IT Services                                   2                          5.5%
 Digital                                       2                          5.3%
 Chemicals                                     2                          4.3%
 Cement                                        2                          4.1%
 Textiles                                      2                          2.9%
 Financial NBFC                                0                          0.0%
 Energy                                        0                          0.0%
 Metals                                        0                          0.0%
 Utilities                                     0                          0.0%
 Real Estate                                   0                          0.0%
 Total Equity Investment                       33                         94.1%
 Cash & cash equivalents                                                  5.9%
 Total Portfolio                               33                         100.0%

 Top 20 holdings as at 29 May 2026

 Holding                                       Sector                     % of Portfolio
 Skipper                                       Industrials                6.7%
 RBL Bank                                      Financial Banks            5.5%
 Multi Commodity Exchange                      Financial Services         4.9%
 Federal Bank                                  Financial Banks            4.5%
 Neuland Laboratories                          Healthcare                 3.9%
 IDFC Bank                                     Financial Banks            3.7%
 Dixon Technologies                            Consumer Discretionary     3.6%
 City Union Bank                               Financial Banks            3.3%
 Kajaria Ceramics                              Consumer Discretionary     3.1%
 Atlanta Electricals                           Industrials                3.1%
 Affle India                                   Digital                    3.1%
 CCL Products India                            Consumer Staples           3.0%
 Essel Propack                                 Consumer Staples           2.9%
 Coforge                                       IT Services                2.7%
 Emami                                         Consumer Staples           2.7%
 Persistent Systems                            IT Services                2.7%
 Sona BLW Precision Forgings                   Auto & Auto Ancillary      2.7%
 Triveni Turbine                               Industrials                2.4%
 Ramkrishna Forgings                           Auto & Auto Ancillary      2.4%
 Aether Industries                             Chemicals                  2.3%

 Portfolio analysis by market capitalisation size as at 29 May 2026
                                               No. of Companies           % of Portfolio

 Market capitalisation size
 Small Cap (M/Cap < US$4.0bn)                  26                         70.0%
 Mid Cap (US$4.0bn < M/Cap < US$11.5bn)        7                          24.1%
 Large Cap (M/Cap > US$11.5bn)                 0                          0.0%
 Total Equity Investment                       33                         94.1%
 Net Cash                                                                 5.9%
 Total Portfolio                               33                         100.0%

 

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