REG - India CapitalGrwthFd - Net Asset Value Daily Estimate

India Capital Growth FundAnnouncement

Thu 11:45

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RNS Number : 4377D  India Capital Growth Fund Limited  07 May 2026

07 May 2026

India Capital Growth Fund Limited (the "Company" or "ICGF")

Net Asset Value statement at 30 April 2026

The Company announces its Net Asset Value ("NAV") per ordinary share as at 30
April 2026 was 176.11 pence.

In April, the NAV was up 13.10% in Sterling terms, whilst the MSCI India SMID
Cap Index was up 11.89%, delivering an outperformance against the notional
benchmark of 1.21%. In local currency terms, the NAV was up 15.41%.

The Company also announces its Net Asset Value per ordinary share before
Indian CGT (deferred tax provision) as at 30 April 2026 was 186.12 pence.

 Portfolio analysis by sector as at 30 April 2026

 Sector                                        No. of Companies           % of Portfolio
 Financial Banks                               4                          17.3%
 Industrials                                   6                          16.2%
 Consumer Staples                              3                          9.5%
 Consumer Discretionary                        3                          8.9%
 Auto & Auto Ancillary                         3                          7.2%
 Financial Services                            2                          7.0%
 Healthcare                                    2                          5.8%
 Digital                                       2                          5.6%
 IT Services                                   2                          4.9%
 Chemicals                                     2                          4.8%
 Cement                                        2                          4.4%
 Textiles                                      2                          2.9%
 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                       33                         94.6%
 Cash & cash equivalents                                                  5.4%
 Total Portfolio                               33                         100.0%

 Top 20 holdings as at 30 April 2026

 Holding                                       Sector                     % of Portfolio
 Skipper                                       Industrials                5.9%
 RBL Bank                                      Financial Banks            5.5%
 Multi Commodity Exchange                      Financial Services         5.0%
 Federal Bank                                  Financial Banks            4.5%
 Neuland Laboratories                          Healthcare                 3.8%
 IDFC Bank                                     Financial Banks            3.7%
 City Union Bank                               Financial Banks            3.6%
 Dixon Technologies                            Consumer Discretionary     3.6%
 Affle India                                   Digital                    3.5%
 Kajaria Ceramics                              Consumer Discretionary     3.5%
 CCL Products India                            Consumer Staples           3.3%
 Atlanta Electricals                           Industrials                3.1%
 Essel Propack                                 Consumer Staples           3.1%
 Emami                                         Consumer Staples           3.1%
 Sona BLW Precision Forgings                   Auto & Auto Ancillary      2.7%
 Ramkrishna Forgings                           Auto & Auto Ancillary      2.6%
 Persistent Systems                            IT Services                2.6%
 JK Lakshmi Cement                             Cement                     2.5%
 Aether Industries                             Chemicals                  2.5%
 Coforge                                       IT Services                2.4%

 Portfolio analysis by market capitalisation size as at 30 April 2026
                                               No. of Companies           % of Portfolio

 Market capitalisation size
 Small Cap (M/Cap < US$4.0bn)                  26                         70.7%
 Mid Cap (US$4.0bn < M/Cap < US$11.5bn)        7                          24.0%
 Large Cap (M/Cap > US$11.5bn)                 0                          0.0%
 Total Equity Investment                       33                         94.6%
 Net Cash                                                                 5.4%
 Total Portfolio                               33                         100.0%

 

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