Last checked at 
6 Jul 2020 11:32
6 July 2020
India Capital Growth Fund Limited (the "Company" or "ICGF")
Net Asset Value statement at 30 June 2020
The Company announces its Net Asset Value per share as at 30 June 2020 was 70.42 pence.
In June the Net Asset Value (NAV) was up 9.4% in Sterling terms, whilst the BSE MidCap TR Index was up 11.1%, delivering an underperformance against the notional benchmark of 1.7%. In local currency terms, the NAV was up 8.7% for the month.
Portfolio analysis by sector as at 30 June 2020 | ||
Sector | No. of Companies | % of Portfolio |
Materials | 8 | 22.6% |
Consumer Staples | 4 | 14.7% |
Financials - Banks | 4 | 13.1% |
Industrials | 4 | 11.3% |
Consumer Discretionary | 4 | 9.3% |
Health Care | 2 | 7.5% |
Utilities | 1 | 4.6% |
Information Technology | 2 | 4.1% |
Financials - Diversified | 1 | 3.4% |
Financials - Insurance | 1 | 2.8% |
Energy | 1 | 2.7% |
Real Estate | 1 | 0.1% |
Communication Services | 0 | 0.0% |
Total Equity Investment | 33 | 96.1% |
Net Cash | 3.9% | |
Total Portfolio | 33 | 100.0% |
Top 20 holdings as at 30 June 2020 | ||
Holding | Sector | % of Portfolio |
PI Industries | Materials | 5.9% |
Divi's Laboratories | Health Care | 5.6% |
Federal Bank | Financials | 5.2% |
Gujarat Gas | Utilities | 4.6% |
Jyothy Laboratories | Consumer Staples | 4.0% |
Balkrishna Industries | Consumer Discretionary | 3.8% |
Emami | Consumer Staples | 3.7% |
Bajaj Consumer Care | Consumer Staples | 3.6% |
JK Lakshmi Cement | Materials | 3.5% |
CCL Products India | Consumer Staples | 3.4% |
Berger Paints India | Materials | 3.4% |
Multi Commodity Exchange | Financials - Diversified | 3.4% |
Tech Mahindra | Information Technology | 3.3% |
Kajaria Ceramics | Industrials | 3.3% |
Finolex Cables | Industrials | 3.0% |
Skipper | Industrials | 2.9% |
City Union Bank | Financials | 2.8% |
Aegis Logistics | Energy | 2.8% |
Welspun India | Consumer Discretionary | 2.7% |
ICICI Lombard Gen Ins | Financials - Insurance | 2.7% |
Portfolio analysis by market capitalisation size as 30 June 2020 | ||
Market capitalisation size | No. of Companies | % of Portfolio |
Small Cap (M/Cap < US$2bn) | 24 | 61.6% |
Mid Cap (US$2bn < M/Cap < US$7bn) | 7 | 26.2% |
Large Cap (M/Cap > US$7bn) | 2 | 8.3% |
Total Equity Investment | 33 | 96.1% |
Net Cash | 3.9% | |
Total Portfolio | 33 | 100.0% |