Last checked at 
4 Mar 2021 09:34
04 March 2021
India Capital Growth Fund Limited (the "Company" or "ICGF")
Net Asset Value statement at 26 February 2021
The Company announces its Net Asset Value per share as at 26 February 2021 was 106.59 pence.
In February, the Net Asset Value (NAV) was up 8.33% in Sterling terms, whilst the BSE MidCap TR Index was up 8.63%, delivering an underperformance against the notional benchmark of 0.3%. In local currency terms, the NAV was up 10.37% for the month.
Portfolio analysis by sector as at 26 February 2021 | ||
Sector | No. of Companies | % of Portfolio |
Financials - Banks | 4 | 20.1% |
Materials | 7 | 19.1% |
Consumer Staples | 4 | 12.6% |
Industrials | 4 | 10.7% |
Consumer Discretionary | 4 | 10.0% |
Health Care | 2 | 6.7% |
Information Technology | 3 | 6.3% |
Utilities | 1 | 4.3% |
Energy | 1 | 3.4% |
Financials - Diversified | 1 | 3.0% |
Financials - Insurance | 1 | 1.8% |
Real Estate | 1 | 0.1% |
Communication Services | 0 | 0.0% |
Total Equity Investment | 33 | 98.1% |
Net Cash | 1.9% | |
Total Portfolio | 33 | 100.0% |
Top 20 holdings as at 26 February 2021 | ||
Holding | Sector | % of Portfolio |
Federal Bank | Financials - Banks | 6.8% |
IndusInd Bank | Financials - Banks | 5.7% |
Emami | Consumer Staples | 5.2% |
IDFC Bank | Financials - Banks | 4.9% |
Gujarat Gas | Utilities | 4.3% |
PI Industries | Materials | 4.1% |
Kajaria Ceramics | Industrials | 3.9% |
Neuland Laboratories | Health Care | 3.9% |
Tech Mahindra | Information Technology | 3.6% |
Ramkrishna Forgings | Materials | 3.5% |
Aegis Logistics | Energy | 3.4% |
JK Lakshmi Cement | Materials | 3.1% |
Jyothy Laboratories | Consumer Staples | 3.0% |
Multi Commodity Exchange | Financials - Diversified | 3.0% |
Dixon Technologies | Consumer Discretionary | 3.0% |
Divi's Laboratories | Health Care | 2.8% |
Skipper | Industrials | 2.8% |
City Union Bank | Financials - Banks | 2.8% |
Balkrishna Industries | Consumer Discretionary | 2.6% |
Welspun India | Consumer Discretionary | 2.6% |
Portfolio analysis by market capitalisation size as at 26 February 2021 | ||
Market capitalisation size | No. of Companies | % of Portfolio |
Small Cap (M/Cap < US$1bn) | 14 | 31.6% |
Mid Cap (US$1bn < M/Cap < US$7bn) | 15 | 52.5% |
Large Cap (M/Cap > US$7bn) | 4 | 13.9% |
Total Equity Investment | 33 | 98.1% |
Net Cash | 1.9% | |
Total Portfolio | 33 | 100.0% |