06 May 2021
India Capital Growth Fund Limited (the "Company" or "ICGF")
Net Asset Value statement at 30 April 2021
The Company announces its Net Asset Value per share as at 30 April 2021 was 109.58 pence.
In April, the Net Asset Value (NAV) was up 1.15% in Sterling terms, whilst the BSE MidCap TR Index was down 1.46%, delivering an outperformance against the notional benchmark of 2.62%. In local currency terms, the NAV was up 3.37% for the month.
| Portfolio analysis by sector as at 30 April 2021 | ||
| | | |
| Sector | No. of Companies | % of Portfolio |
| Materials | 7 | 20.4% |
| Financials - Banks | 4 | 18.6% |
| Consumer Staples | 4 | 12.9% |
| Consumer Discretionary | 4 | 10.9% |
| Industrials | 4 | 9.4% |
| Health Care | 2 | 7.7% |
| Information Technology | 3 | 6.6% |
| Utilities | 1 | 4.5% |
| Energy | 1 | 3.2% |
| Financials - Diversified | 1 | 2.8% |
| Financials - Insurance | 1 | 1.7% |
| Real Estate | 1 | 0.1% |
| Communication Services | 0 | 0.0% |
| Total Equity Investment | 33 | 98.9% |
| Net Cash | | 1.1% |
| Total Portfolio | 33 | 100.0% |
| | | |
|
Top 20 holdings as at 30 April 2021 | ||
| | | |
| Holding | Sector | % of Portfolio |
| Federal Bank | Financials - Banks | 6.2% |
| Emami | Consumer Staples | 5.3% |
| IndusInd Bank | Financials - Banks | 4.8% |
| IDFC Bank | Financials - Banks | 4.8% |
| PI Industries | Materials | 4.5% |
| Neuland Laboratories | Health Care | 4.5% |
| Gujarat Gas | Utilities | 4.5% |
| Tech Mahindra | Information Technology | 3.6% |
| Ramkrishna Forgings | Materials | 3.6% |
| Kajaria Ceramics | Industrials | 3.4% |
| Divi's Laboratories | Health Care | 3.3% |
| Aegis Logistics | Energy | 3.2% |
| JK Lakshmi Cement | Materials | 3.2% |
| Dixon Technologies | Consumer Discretionary | 3.0% |
| Aarti Industries | Materials | 3.0% |
| Welspun India | Consumer Discretionary | 2.9% |
| Balkrishna Industries | Consumer Discretionary | 2.9% |
| Jyothy Laboratories | Consumer Staples | 2.8% |
| Multi Commodity Exchange | Financials - Diversified | 2.8% |
| City Union Bank | Financials - Banks | 2.7% |
|
Portfolio analysis by market capitalisation size as at 30 April 2021 | ||
|
Market capitalisation size | No. of Companies | % of Portfolio |
| Small Cap (M/Cap < US$1bn) | 13 | 29.4% |
| Mid Cap (US$1bn < M/Cap < US$7bn) | 16 | 56.1% |
| Large Cap (M/Cap > US$7bn) | 4 | 13.4% |
| Total Equity Investment | 33 | 98.9% |
| Net Cash | | 1.1% |
| Total Portfolio | 33 | 100.0% |
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