Net Asset Value
Updated : 11:31
7 May 2020
India Capital Growth Fund Limited (the "Company" or "ICGF")
Net Asset Value statement at 30 April 2020
The Company announces its Net Asset Value per share as at 30 April 2020 was 64.52 pence.
In April the Net Asset Value (NAV) was up 12.1% in Sterling terms, whilst the BSE MidCap TR Index was up 13.0%, delivering an under performance against the notional benchmark of 0.9%. In local currency terms, the NAV was up 12.8% for the month.
Portfolio analysis by sector as at 30 April 2020 | ||
Sector | No. of Companies | % of Portfolio |
Materials | 7 | 21.2% |
Financials - Banks | 5 | 15.1% |
Consumer Staples | 5 | 12.8% |
Consumer Discretionary | 4 | 11.8% |
Industrials | 4 | 10.3% |
Health Care | 3 | 9.5% |
Information Technology | 2 | 4.0% |
Utilities | 1 | 3.6% |
Financials - Diversified | 1 | 3.0% |
Energy | 1 | 2.5% |
Financials - Insurance | 1 | 1.1% |
Real Estate | 1 | 0.1% |
Communication Services | 0 | 0.0% |
Total Equity Investment | 35 | 95.1% |
Net Cash | 4.9% | |
Total Portfolio | 35 | 100.0% |
Top 20 holdings as at 30 April 2020 | ||
Holding | Sector | % of Portfolio |
PI Industries | Materials | 6.7% |
Divi's Laboratories | Health Care | 6.2% |
Federal Bank | Financials - Banks | 5.4% |
Jyothy Laboratories | Consumer Staples | 4.2% |
Bajaj Consumer Care | Consumer Discretionary | 3.8% |
Berger Paints India | Materials | 3.8% |
Gujarat Gas | Utilities | 3.6% |
City Union Bank | Financials - Banks | 3.6% |
Tech Mahindra | Information Technology | 3.6% |
Emami | Consumer Staples | 3.5% |
Kajaria Ceramics | Industrials | 3.4% |
Balkrishna Industries | Consumer Discretionary | 3.1% |
Multi Commodity Exchange | Financials - Diversified | 3.0% |
Finolex Cables | Industrials | 2.9% |
Exide Industries | Consumer Discretionary | 2.8% |
JK Lakshmi Cement | Materials | 2.7% |
Radico Khaitan | Consumer Staples | 2.7% |
The Ramco Cements | Materials | 2.6% |
Aegis Logistics | Energy | 2.5% |
IndusInd Bank | Financials - Banks | 2.3% |
Portfolio analysis by market capitalisation size as 30 April 2020 | ||
Market capitalisation size | No. of Companies | % of Portfolio |
Small Cap (M/Cap < US$2bn) | 26 | 63.1% |
Mid Cap (US$2bn < M/Cap < US$7bn) | 6 | 21.1% |
Large Cap (M/Cap > US$7bn) | 3 | 10.9% |
Total Equity Investment | 35 | 95.1% |
Net Cash | 4.9% | |
Total Portfolio | 35 | 100.0% |
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