4th Sep 2026 09:26
04 September 2026
India Capital Growth Fund Limited (the "Company" or "ICGF")
Net Asset Value statement at 31 August 2026
The Company announces its Net Asset Value ("NAV") per ordinary share as at 31 August 2026 was 200.31 pence.
In August, the NAV was up 3.58% in Sterling terms, whilst the MSCI India SMID Cap Index was up 1.13%, delivering an outperformance against the notional benchmark of 2.45%. In local currency terms, the NAV was up 4.39%.
The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 31 August 2026 was 214.17 pence.
Portfolio analysis by sector as at 31 August 2026 | ||
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Sector | No. of Companies | % of Portfolio |
Financial Banks | 4 | 17.3% |
Industrials | 6 | 14.6% |
Consumer Staples | 4 | 9.8% |
Consumer Discretionary | 3 | 9.0% |
Auto & Auto Ancillary | 3 | 8.5% |
Financial Services | 2 | 7.4% |
IT Services | 2 | 6.1% |
Digital | 2 | 5.9% |
Healthcare | 2 | 5.6% |
Chemicals | 2 | 4.8% |
Textiles | 2 | 3.3% |
Cement | 2 | 3.3% |
Financial NBFC | 0 | 0.0% |
Energy | 0 | 0.0% |
Metals | 0 | 0.0% |
Utilities | 0 | 0.0% |
Real Estate | 0 | 0.0% |
Total Equity Investment | 34 | 95.7% |
Cash & cash equivalents | 4.3% | |
Total Portfolio | 34 | 100.0% |
Top 20 holdings as at 31 August 2026 | ||
Holding | Sector | % of Portfolio |
Skipper | Industrials | 5.9% |
RBL Bank | Financial Banks | 5.5% |
Multi Commodity Exchange | Financial Services | 5.1% |
Dixon Technologies | Consumer Discretionary | 4.2% |
Federal Bank | Financial Banks | 4.2% |
IDFC Bank | Financial Banks | 4.0% |
Neuland Laboratories | Healthcare | 3.6% |
City Union Bank | Financial Banks | 3.6% |
Coforge | IT Services | 3.5% |
Aether Industries | Chemicals | 3.2% |
Sona BLW Precision Forgings | Auto & Auto Ancillary | 3.2% |
Essel Propack | Consumer Staples | 3.2% |
Kajaria Ceramics | Consumer Discretionary | 3.2% |
Affle India | Digital | 3.0% |
Cartrade Technologies | Digital | 2.9% |
Uniparts India | Auto & Auto Ancillary | 2.8% |
CCL Products India | Consumer Staples | 2.8% |
Persistent Systems | IT Services | 2.6% |
Atlanta Electricals | Industrials | 2.6% |
Ramkrishna Forgings | Auto & Auto Ancillary | 2.5% |
Portfolio analysis by market capitalisation size as at 31 August 2026 | ||
Market capitalisation size | No. of Companies | % of Portfolio |
Small Cap (M/Cap < US$3.5bn) | 25 | 61.9% |
Mid Cap (US$3.5bn < M/Cap < US$11.0bn) | 9 | 33.8% |
Large Cap (M/Cap > US$11.0bn) | 0 | 0.0% |
Total Equity Investment | 34 | 95.7% |
Net Cash | 4.3% | |
Total Portfolio | 34 | 100.0% |
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Related Shares:
India Cap