4 Sep 2020 12:42
4 September 2020
India Capital Growth Fund Limited (the "Company" or "ICGF")
Net Asset Value statement at 31 August 2020
The Company announces its Net Asset Value per share as at 31 August 2020 was 80.15 pence.
In August the Net Asset Value (NAV) was up 10.3% in Sterling terms, whilst the BSE MidCap TR Index was up 6.7%, delivering an outperformance against the notional benchmark of 3.6%. In local currency terms, the NAV was up 10.3% for the month.
Portfolio analysis by sector as at 31 August 2020 | ||
Sector | No. of Companies | % of Portfolio |
Materials | 8 | 22.3% |
Consumer Staples | 4 | 15.8% |
Financials - Banks | 4 | 14.4% |
Consumer Discretionary | 4 | 10.6% |
Industrials | 4 | 10.1% |
Health Care | 2 | 8.4% |
Information Technology | 2 | 4.7% |
Utilities | 1 | 3.9% |
Financials - Diversified | 1 | 3.5% |
Energy | 1 | 2.8% |
Financials - Insurance | 1 | 2.2% |
Real Estate | 1 | 0.1% |
Communication Services | 0 | 0.0% |
Total Equity Investment | 33 | 98.8% |
Net Cash | 1.2% | |
Total Portfolio | 33 | 100.0% |
Top 20 holdings as at 31 August 2020 | ||
Holding | Sector | % of Portfolio |
PI Industries | Materials | 5.9% |
Divi's Laboratories | Health Care | 5.9% |
Emami | Consumer Staples | 5.7% |
Federal Bank | Financials - Banks | 4.7% |
IndusInd Bank | Financials - Banks | 4.1% |
Jyothy Laboratories | Consumer Staples | 4.0% |
Gujarat Gas | Utilities | 3.9% |
Tech Mahindra | Information Technology | 3.7% |
Multi Commodity Exchange | Financials - Diversified | 3.5% |
Balkrishna Industries | Consumer Discretionary | 3.3% |
Welspun India | Consumer Discretionary | 3.3% |
Bajaj Consumer Care | Consumer Staples | 3.2% |
City Union Bank | Financials - Banks | 3.1% |
Kajaria Ceramics | Industrials | 3.0% |
JK Lakshmi Cement | Materials | 3.0% |
CCL Products India | Consumer Staples | 3.0% |
Aegis Logistics | Energy | 2.8% |
Skipper | Industrials | 2.8% |
Berger Paints India | Materials | 2.7% |
Neuland Laboratories | Health Care | 2.5% |
Portfolio analysis by market capitalisation size as at 31 August 2020 | ||
Market capitalisation size | No. of Companies | % of Portfolio |
Small Cap (M/Cap < US$2bn) | 21 | 54.4% |
Mid Cap (US$2bn < M/Cap < US$7bn) | 8 | 29.9% |
Large Cap (M/Cap > US$7bn) | 4 | 14.5% |
Total Equity Investment | 33 | 98.8% |
Net Cash | 1.2% | |
Total Portfolio | 33 | 100.0% |
India Cap (IGC)