06 September 2021
India Capital Growth Fund Limited (the "Company" or "ICGF")
Net Asset Value statement at 31 August 2021
The Company announces its Net Asset Value ("NAV") per ordinary share as at 31 August 2021 was 131.44 pence.
In August, the NAV was up 3.10% in Sterling terms, whilst the BSE MidCap TR Index was up 6.26%, delivering an underperformance against the notional benchmark of 3.16%. In local currency terms, the NAV was up 0.34% for the month.
The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 31 August 2021 was 134.90 pence.
|
Portfolio analysis by sector as at 31 August 2021 |
||
|
|
|
|
|
Sector |
No. of Companies |
% of Portfolio |
|
Materials |
7 |
21.7% |
|
Financials - Banks |
4 |
15.1% |
|
Consumer Discretionary |
5 |
12.9% |
|
Consumer Staples |
4 |
12.8% |
|
Industrials |
4 |
9.3% |
|
Information Technology |
2 |
8.1% |
|
Health Care |
2 |
6.0% |
|
Utilities |
1 |
2.8% |
|
Financials - Diversified |
1 |
2.4% |
|
Communication Services |
1 |
2.3% |
|
Energy |
1 |
2.3% |
|
Financials - Insurance |
1 |
1.6% |
|
Real Estate |
0 |
0.0% |
|
Total Equity Investment |
33 |
97.4% |
|
Net Cash |
|
2.6% |
|
Total Portfolio |
33 |
100.0% |
|
|
|
|
|
Top 20 holdings as at 31 August 2021 |
||
|
|
|
|
|
Holding |
Sector |
% of Portfolio |
|
Federal Bank |
Financials - Banks |
5.7% |
|
Emami |
Consumer Staples |
5.3% |
|
Tech Mahindra |
Information Technology |
4.5% |
|
Ramkrishna Forgings |
Materials |
4.5% |
|
PI Industries |
Materials |
4.3% |
|
IndusInd Bank |
Financials - Banks |
4.3% |
|
Welspun India |
Consumer Discretionary |
3.8% |
|
Kajaria Ceramics |
Industrials |
3.7% |
|
Persistent Systems |
Information Technology |
3.6% |
|
Sagar Cements |
Materials |
3.3% |
|
Divi's Laboratories |
Health Care |
3.1% |
|
IDFC Bank |
Financials - Banks |
3.1% |
|
JK Lakshmi Cement |
Materials |
3.1% |
|
Neuland Laboratories |
Health Care |
2.9% |
|
Aarti Industries |
Materials |
2.9% |
|
Jyothy Laboratories |
Consumer Staples |
2.8% |
|
Balkrishna Industries |
Consumer Discretionary |
2.8% |
|
CCl Products India |
Consumer Staples |
2.8% |
|
Gujarat Gas |
Utilities |
2.8% |
|
Dixon Technologies |
Consumer Discretionary |
2.5% |
|
Portfolio analysis by market capitalisation size as at 31 August 2021 |
||
|
Market capitalisation size |
No. of Companies |
% of Portfolio |
|
Small Cap (M/Cap < US$1bn) |
9 |
23.9% |
|
Mid Cap (US$1bn < M/Cap < US$7bn) |
19 |
55.6% |
|
Large Cap (M/Cap > US$7bn) |
5 |
17.8% |
|
Total Equity Investment |
33 |
97.4% |
|
Net Cash |
|
2.6% |
|
Total Portfolio |
33 |
100.0% |
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.