India Capital Growth Fund Limited Net Asset Value
04 July 2024 - 7:38PM
RNS Regulatory News
RNS Number : 1763V
India Capital Growth Fund Limited
04 July 2024
04 July 2024
India Capital Growth Fund Limited (the "Company" or
"ICGF")
Net
Asset Value statement at 28 June 2024
The Company announces its Net Asset
Value ("NAV") per ordinary share as at 28 June 2024 was 199.18
pence.
In June, the NAV was up 11.05% in
Sterling terms, whilst the BSE MidCap TR Index was up 8.33%,
delivering an outperformance against the notional benchmark of
2.72%. In local currency terms, the NAV was up 10.57%.
The Company also announces its Net
Asset Value per ordinary share before Indian CGT (deferred tax
provision) as at 28 June 2024 was 209.22 pence.
|
Portfolio analysis by sector as at 28
June
2024
|
|
|
|
|
|
Sector
|
No.
of Companies
|
%
of Portfolio
|
|
Consumer Discretionary
|
8
|
22.7%
|
|
Financials
|
7
|
22.6%
|
|
Industrials
|
7
|
14.3%
|
|
Materials
|
5
|
14.1%
|
|
Consumer Staples
|
3
|
9.0%
|
|
Health Care
|
3
|
7.6%
|
|
Information Technology
|
1
|
3.1%
|
|
Communication Services
|
1
|
3.0%
|
|
Real Estate
|
0
|
0.0%
|
|
Energy
|
0
|
0.0%
|
|
Utilities
|
0
|
0.0%
|
|
Total Equity Investment
|
35
|
96.5%
|
|
Cash & cash
equivalents
|
|
3.5%
|
|
Total Portfolio
|
35
|
100.0%
|
|
|
|
|
|
Top
20 holdings as at 28 June 2024
|
|
|
|
|
|
Holding
|
Sector
|
%
of Portfolio
|
|
Dixon Technologies
|
Consumer Discretionary
|
6.6%
|
|
Federal Bank
|
Financials
|
5.5%
|
|
Emami
|
Consumer Staples
|
4.9%
|
|
Skipper
|
Industrials
|
4.2%
|
|
IDFC Bank
|
Financials
|
3.9%
|
|
Ramkrishna Forgings
|
Materials
|
3.9%
|
|
Neuland Laboratories
|
Health Care
|
3.9%
|
|
RBL Bank
|
Financials
|
3.6%
|
|
PI Industries
|
Materials
|
3.3%
|
|
Sona BLW Precision
Forgings
|
Consumer Discretionary
|
3.3%
|
|
Indusind Bank
|
Financials
|
3.2%
|
|
Persistent Systems
|
Information Technology
|
3.1%
|
|
Affle India
|
Communication Services
|
3.0%
|
|
JK Lakshmi Cement
|
Materials
|
2.9%
|
|
Welspun India
|
Consumer Discretionary
|
2.7%
|
|
Multi Commodity Exchange
|
Financials
|
2.6%
|
|
Kajaria Ceramics
|
Industrials
|
2.6%
|
|
Balkrishna Industries
|
Consumer Discretionary
|
2.5%
|
|
City Union Bank
|
Financials
|
2.5%
|
|
VIP Industries
|
Consumer Discretionary
|
2.5%
|
|
Portfolio analysis by market capitalisation size as at
28 June 2024
|
|
Market capitalisation
size
|
No. of Companies
|
% of Portfolio
|
|
Small Cap (M/Cap <
US$2bn)
|
19
|
46.3%
|
|
Mid Cap (US$2bn < M/Cap <
US$8bn)
|
13
|
39.1%
|
|
Large Cap (M/Cap >
US$8bn)
|
3
|
11.1%
|
|
Total Equity Investment
|
35
|
96.5%
|
|
Net Cash
|
|
3.5%
|
|
Total Portfolio
|
35
|
100.0%
|
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