5th Jun 2025 09:30
05 June 2025
India Capital Growth Fund Limited (the "Company" or "ICGF")
Net Asset Value statement at 30 May 2025
The Company announces its Net Asset Value ("NAV") per ordinary share as at 30 May 2025 was 184.13 pence.
In May, the NAV was up 4.24% in Sterling terms, whilst the BSE MidCap TR Index was up 4.19%, delivering an outperformance against the notional benchmark of 0.05%. In local currency terms, the NAV was UP 5.40%.
The Company also announces its Net Asset Value per ordinary share before Indian CGT (deferred tax provision) as at 30 May 2025 was 194.19 pence.
Portfolio analysis by sector as at 30 May 2025 | ||
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Sector | No. of Companies | % of Portfolio |
Financial Banks | 5 | 15.4% |
Industrials | 6 | 14.4% |
Consumer Staples | 4 | 10.5% |
Consumer Discretionary | 4 | 9.9% |
Auto & Auto Ancillary | 4 | 8.4% |
Healthcare | 2 | 5.9% |
Digital | 2 | 5.7% |
IT Services | 2 | 5.2% |
Chemicals | 2 | 4.9% |
Cement | 2 | 4.8% |
Textiles | 2 | 4.5% |
Financial Services | 1 | 4.4% |
Financial NBFC | 1 | 1.5% |
Energy | 0 | 0.0% |
Metals | 0 | 0.0% |
Utilities | 0 | 0.0% |
Real Estate | 0 | 0.0% |
Total Equity Investment | 37 | 95.5% |
Cash & cash equivalents | 4.5% | |
Total Portfolio | 37 | 100.0% |
Top 20 holdings as at 30 May 2025 | ||
Holding | Sector | % of Portfolio |
Skipper | Industrials | 4.9% |
Federal Bank | Financial Banks | 4.6% |
Dixon Technologies | Consumer Discretionary | 4.5% |
Multi Commodity Exchange | Financial Services | 4.4% |
Neuland Laboratories | Healthcare | 4.1% |
Emami | Consumer Staples | 3.9% |
RBL Bank | Financial Banks | 3.7% |
Persistent Systems | IT Services | 3.7% |
Affle India | Digital | 3.5% |
CCL Products India | Consumer Staples | 3.4% |
PI Industries | Chemicals | 3.3% |
IDFC Bank | Financial Banks | 3.3% |
City Union Bank | Financial Banks | 2.9% |
Sona BLW Precision Forgings | Auto & Auto Ancillary | 2.8% |
JK Lakshmi Cement | Cement | 2.8% |
Ramkrishna Forgings | Auto & Auto Ancillary | 2.5% |
Gokaldas Exports | Textiles | 2.4% |
PSP Projects | Industrials | 2.4% |
Cartrade Technologies | Digital | 2.2% |
Elecon Engineering | Industrials | 2.2% |
Portfolio analysis by market capitalisation size as at 30 May 2025 | ||
Market capitalisation size | No. of Companies | % of Portfolio |
Small Cap (M/Cap < US$4bn) | 27 | 68.5% |
Mid Cap (US$4bn < M/Cap < US$12bn) | 9 | 25.6% |
Large Cap (M/Cap > US$12bn) | 1 | 1.5% |
Total Equity Investment | 37 | 95.5% |
Net Cash | 4.5% | |
Total Portfolio | 37 | 100.0% |
Related Shares:
India Cap