REG - India CapitalGrwthFd - Net Asset Value

India Capital Growth FundAnnouncement

04/09/2025 10:45

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RNS Number : 0459Y  India Capital Growth Fund Limited  04 September 2025

04 September 2025

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

Net Asset Value statement at 29 August 2025

The Company announces its Net Asset Value ("NAV") per ordinary share as at 29
August 2025 was 180.71 pence.

In August, the NAV was down 4.78% in Sterling terms, whilst the BSE MidCap TR
Index was down 4.28%, delivering an underperformance against the notional
benchmark of 0.50%. In local currency terms, the NAV was down 2.87%.

The Company also announces its Net Asset Value per ordinary share before
Indian CGT (deferred tax provision) as at 29 August 2025 was 190.66 pence.

 

 Portfolio analysis by sector as at 29 August 2025

 Sector                                        No. of Companies           % of Portfolio
 Financial Banks                               5                          15.7%
 Industrials                                   6                          12.6%
 Consumer Discretionary                        4                          10.9%
 Consumer Staples                              4                          10.4%
 Auto & Auto Ancillary                         4                          7.6%
 Digital                                       2                          6.7%
 Healthcare                                    2                          6.5%
 Financial Services                            2                          5.8%
 IT Services                                   2                          5.5%
 Cement                                        2                          5.1%
 Chemicals                                     2                          3.8%
 Textiles                                      2                          3.3%
 Financial NBFC                                1                          1.3%
 Energy                                        0                          0.0%
 Metals                                        0                          0.0%
 Utilities                                     0                          0.0%
 Real Estate                                   0                          0.0%
 Total Equity Investment                       38                         95.2%
 Cash & cash equivalents                                                  4.8%
 Total Portfolio                               38                         100.0%

 Top 20 holdings as at 29 August 2025

 Holding                                       Sector                     % of Portfolio
 Dixon Technologies                            Consumer Discretionary     5.1%
 Skipper                                       Industrials                5.0%
 Neuland Laboratories                          Healthcare                 4.8%
 RBL Bank                                      Financial Banks            4.5%
 Multi Commodity Exchange                      Financial Services         4.4%
 Federal Bank                                  Financial Banks            4.3%
 Affle India                                   Digital                    3.9%
 Emami                                         Consumer Staples           3.7%
 Persistent Systems                            IT Services                3.4%
 CCL Products India                            Consumer Staples           3.3%
 IDFC Bank                                     Financial Banks            3.2%
 JK Lakshmi Cement                             Cement                     3.0%
 City Union Bank                               Financial Banks            2.9%
 Cartrade Technologies                         Digital                    2.8%
 VIP Industries                                Consumer Discretionary     2.5%
 Ramkrishna Forgings                           Auto & Auto Ancillary      2.3%
 Kajaria Ceramics                              Consumer Discretionary     2.3%
 Sona BLW Precision Forgings                   Auto & Auto Ancillary      2.2%
 PI Industries                                 Chemicals                  2.2%
 Sagar Cements                                 Cement                     2.1%

 Portfolio analysis by market capitalisation size as at 29 August 2025
                                               No. of Companies           % of Portfolio

 Market capitalisation size
 Small Cap (M/Cap < US$3.5bn)                  27                         65.0%
 Mid Cap (US$3.5bn < M/Cap < US$10.5bn)        9                          23.8%
 Large Cap (M/Cap > US$10.5bn)                 2                          6.4%
 Total Equity Investment                       38                         95.2%
 Net Cash                                                                 4.8%
 Total Portfolio                               38                         100.0%

 

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