India Capital Growth Fund Limited Net Asset Value

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%

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

NAVKZLBBZDLXBBV