India Capital Growth Fund Limited Net Asset Value
06 February 2025 - 10:30PM
RNS Regulatory News
RNS Number : 2108W
India Capital Growth Fund Limited
06 February 2025
06 February 2025
India Capital Growth Fund Limited (the "Company" or
"ICGF")
Net
Asset Value statement at 31 January 2025
The Company announces its Net Asset
Value ("NAV") per ordinary share as at 31 January 2025 was 193.49
pence.
In January, the NAV was down 7.43%
in Sterling terms, whilst the BSE MidCap TR Index was down 7.32%,
delivering an underperformance against the notional benchmark of
0.11%. In local currency terms, the NAV was down 7.30%.
The Company also announces its Net
Asset Value per ordinary share before Indian CGT (deferred tax
provision) as at 31 January 2025 was 204.21 pence.
|
Portfolio analysis by sector as at 31
January
2025
|
|
|
|
|
|
Sector
|
No.
of Companies
|
%
of Portfolio
|
|
Financial Banks
|
5
|
16.4%
|
|
Industrials
|
6
|
13.1%
|
|
Consumer Discretionary
|
5
|
11.3%
|
|
Auto & Auto Ancillary
|
4
|
9.7%
|
|
Consumer Staples
|
4
|
9.5%
|
|
Healthcare
|
2
|
7.3%
|
|
Digital
|
2
|
5.5%
|
|
Chemicals
|
2
|
4.9%
|
|
IT Services
|
2
|
4.7%
|
|
Textiles
|
2
|
4.6%
|
|
Cement
|
2
|
4.4%
|
|
Financial Services
|
1
|
3.9%
|
|
Financial NBFC
|
1
|
1.2%
|
|
Energy
|
0
|
0.0%
|
|
Metals
|
0
|
0.0%
|
|
Utilities
|
0
|
0.0%
|
|
Real Estate
|
0
|
0.0%
|
|
Total Equity Investment
|
38
|
96.6%
|
|
Cash & cash
equivalents
|
|
3.4%
|
|
Total Portfolio
|
38
|
100.0%
|
|
Top
20 holdings as at 31 January
2025
|
|
|
|
|
|
Holding
|
Sector
|
%
of Portfolio
|
|
Federal Bank
|
Financial Banks
|
5.6%
|
|
Neuland Laboratories
|
Healthcare
|
5.3%
|
|
Skipper
|
Industrials
|
4.8%
|
|
Dixon Technologies
|
Consumer Discretionary
|
4.7%
|
|
Persistent Systems
|
IT Services
|
4.0%
|
|
Multi Commodity Exchange
|
Financial Services
|
3.9%
|
|
Emami
|
Consumer Staples
|
3.7%
|
|
Ramkrishna Forgings
|
Auto & Auto Ancillary
|
3.7%
|
|
Affle India
|
Digital
|
3.1%
|
|
IDFC Bank
|
Financial Banks
|
3.1%
|
|
PI Industries
|
Chemicals
|
3.1%
|
|
RBL Bank
|
Financial Banks
|
2.9%
|
|
JK Lakshmi Cement
|
Cement
|
2.7%
|
|
City Union Bank
|
Financial Banks
|
2.6%
|
|
Sona BLW Precision
Forgings
|
Auto & Auto Ancillary
|
2.6%
|
|
CCL Products India
|
Consumer Staples
|
2.4%
|
|
PSP Projects
|
Industrials
|
2.4%
|
|
Cartrade Technologies
|
Digital
|
2.4%
|
|
Gokaldas Exports
|
Textiles
|
2.3%
|
|
Balkrishna Industries
|
Auto & Auto Ancillary
|
2.3%
|
|
Portfolio analysis by market capitalisation size as at
31 January 2025
|
|
*Market capitalisation
size
|
No. of Companies
|
% of Portfolio
|
|
Small Cap (M/cap <
US$4bn)
|
28
|
68.0%
|
|
Mid Cap (US$4bn < M/cap <
US$12bn)
|
9
|
27.4%
|
|
Large Cap (M/cap >
US$12bn)
|
1
|
1.2%
|
|
Total Equity Investment
|
38
|
96.6%
|
|
Net Cash
|
|
3.4%
|
|
Total Portfolio
|
38
|
100.0%
|
*At six monthly intervals the
investment team will review the portfolio and the market
capitalisation to best reflect its positioning in the Mid and Small
cap segment of the market. In its review exercise carried out in
January 2025, the market cap definitions of Large, Mid and Small
cap companies have been updated. The definitions are based on the
classification adopted by the Association of Mutual Funds in India
(AMFI), which is mandated by the Securities & Exchange Board of
India (SEBI) to define Large, Mid and Small cap companies. AMFI
utilises the following methodology to define market capitalisation
(six months average market cap across all exchanges is
considered):
·
The top 100 largest companies by market cap are
classified as Large cap
·
The next 150 companies by market cap are defined
as Mid cap
·
All other companies are defined as Small
cap
As a result, ICGF has adopted the
following market cap classifications from 1 January
2025:
·
Small cap: Market cap < USD 4
billion
·
Mid cap: USD 4 billion < Market cap < USD 12
billion
·
Large cap: Market cap > USD 12
billion
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