Last checked at 
5 Feb 2021 10:16
05 February 2021
India Capital Growth Fund Limited (the "Company" or "ICGF")
Net Asset Value statement at 29 January 2021
The Company announces its Net Asset Value per share as at 29 January 2021 was 98.39 pence.
In January, the Net Asset Value (NAV) was up 0.7% in Sterling terms, whilst the BSE MidCap TR Index was up 0.4%, delivering an outperformance against the notional benchmark of 0.3%. In local currency terms, the NAV was up 1.1% for the month.
Portfolio analysis by sector as at 29 January 2021 | ||
Sector | No. of Companies | % of Portfolio |
Materials | 7 | 19.6% |
Financials - Banks | 4 | 17.8% |
Consumer Staples | 4 | 15.2% |
Industrials | 4 | 11.1% |
Consumer Discretionary | 4 | 10.2% |
Information Technology | 3 | 6.9% |
Health Care | 2 | 6.0% |
Utilities | 1 | 3.6% |
Energy | 1 | 3.5% |
Financials - Diversified | 1 | 2.9% |
Financials - Insurance | 1 | 1.8% |
Real Estate | 1 | 0.1% |
Communication Services | 0 | 0.0% |
Total Equity Investment | 33 | 98.7% |
Net Cash | 1.3% | |
Total Portfolio | 33 | 100.0% |
Top 20 holdings as at 29 January 2021 | ||
Holding | Sector | % of Portfolio |
Federal Bank | Financials - Banks | 6.5% |
Emami | Consumer Staples | 6.1% |
IndusInd Bank | Financials - Banks | 5.0% |
PI Industries | Materials | 4.4% |
Tech Mahindra | Information Technology | 4.2% |
Kajaria Ceramics | Industrials | 4.1% |
Jyothy Laboratories | Consumer Staples | 3.6% |
Gujarat Gas | Utilities | 3.6% |
Ramkrishna Forgings | Materials | 3.6% |
Aegis Logistics | Energy | 3.5% |
IDFC Bank | Financials - Banks | 3.2% |
City Union Bank | Financials - Banks | 3.1% |
Bajaj Consumer Care | Consumer Staples | 3.1% |
Divi's Laboratories | Health Care | 3.1% |
Balkrishna Industries | Consumer Discretionary | 3.0% |
Skipper | Industrials | 3.0% |
Neuland Laboratories | Health Care | 2.9% |
JK Lakshmi Cement | Materials | 2.9% |
Multi Commodity Exchange | Financials - Diversified | 2.9% |
Welspun India | Consumer Discretionary | 2.8% |
Portfolio analysis by market capitalisation size as at 29 January 2021 | ||
Market capitalisation size | No. of Companies | % of Portfolio |
Small Cap (M/Cap < US$1bn) | 13 | 30.9% |
Mid Cap (US$1bn < M/Cap < US$7bn) | 16 | 53.6% |
Large Cap (M/Cap > US$7bn) | 4 | 14.1% |
Total Equity Investment | 33 | 98.7% |
Net Cash | 1.3% | |
Total Portfolio | 33 | 100.0% |