DSP BlackRock Focus 25 Fund

DSP BlackRock Focus 25 Fund Investment Objective The primary investment objective of the Scheme is to generate long-term capital growth from a portfolio of equity and equity-related securities including equity derivatives. The portfolio will largely consist of companies, which are amongst the top 200 companies by market capitalisation. The portfolio will limit exposure to companies beyond the top 200 companies by market capitalization upto 20% of the net asset value. The Scheme will normally hold equity and equity-related securities including equity derivatives, of upto 25 companies. Further, the Scheme will also have at least 95% of the invested amount (excluding investments in debt securities, money market securities and cash and cash equivalents) across the top 25 holdings in the portfolio. The Scheme may also invest in debt and money market securities, for defensive considerations and/or for managing liquidity requirements. There can be no assurance that the investment objective of the Scheme will be realized.

This Fund is suitable for investors seeking*

  • Long-term capital growth with exposure limited to a maximum of 25 stocks from an investment universe of top 200 companies by market capitalization
  • Investment in equity and equity-related securities to form a concentrated portfolio
  • High Risk (Brown)

Why Invest?

  • The Portfolio strategy is a blend of Value and active fund management keeping in line with the current volatile markets
  • The Portfolio is currently invested 70% in Large Caps and 30% in Mid-Caps (The allocation to large-caps increased from a 40% to 70% over the past few months)
  • Current positioning- With its exposure to large caps and adequate exposure to defensives the portfolio is well positioned for volatile markets
  • More than 60% of the portfolio is built around the consumption theme

Asset Allocation

1(a) Equity and equity related securities, which are amongst the top 200 companies by market capitalization* - 65% - 100%;
1(b) Equity and equity related securities, which are beyond the top 200 companies by market capitalization – 0% - 20%;
Of 1(a) and 1(b) above, investments in ADRs, GDRs and foreign securities – 0% - 25%; 2. Debt securities, money market securities and cash and cash equivalents – 0% - 35%.

*The portfolio will largely consist of companies, which are amongst the top 200 companies by market capitalisation. The portfolio will limit exposure to companies beyond the top 200 companies by market capitalization to 20% of the net asset value. The Scheme will also have at least 95% of the invested amount (excluding investments in debt securities, money market securities and cash and cash equivalents) across the top 25 holdings in the portfolio.

Top 10 Stocks

As on 31 Mar, 2014
Sr No. Name of Instrument Net Assets (%)
1
HDFC Bank Limited
8.72
2
Larsen & Toubro Limited
8.66
3
Maruti Suzuki India Limited
7.97
4
ICICI Bank Limited
6.93
5
Tata Consultancy Services Limited
6.18
6
Bharat Petroleum Corporation Limited
4.93
7
Wipro Limited
4.63
8
Bank of Baroda
3.75
9
Britannia Industries Limited
3.68
10
Oil & Natural Gas Corporation Limited
3.35

Top 10 Sectors

As on 31 Mar, 2014
Sr No. Industry Net Assets (%)
1
Banks
26.51
2
Software
13.76
3
Auto
13.62
4
Construction Project
8.66
5
Pharmaceuticals
7.35
6
Consumer Non Durables
5.86
7
Petroleum Products
4.93
8
Oil
3.35
9
Auto Ancillaries
3.07
10
Cement
2.87
As on Apr 16, 2014

Fund Manager

As on Mar 31, 2014

Key Scheme Information

Inception 10th June 2010
AUM  233.06 Cr.
Benchmark S&P BSE 200
Plans
  • Regular Plan
  • Direct Plan
Options available under both plans
  • Growth
  • Dividend
    • Payout
    • Reinvest
Min. Investment
  • 5000/-
  • SIP – 500/-
Min. Additional Purchase 1000/-
Expense Ratio
  • Regular
2.79%
  • Direct
2.23%
Exit Load
  • Holding Period < 12 months : 1%
  • Holding Period >= 12months : Nil
Entry Load Not Applicable

DSP BlackRock Focus 25 Fund Investment Objective The primary investment objective of the Scheme is to generate long-term capital growth from a portfolio of equity and equity-related securities including equity derivatives. The portfolio will largely consist of companies, which are amongst the top 200 companies by market capitalisation. The portfolio will limit exposure to companies beyond the top 200 companies by market capitalization upto 20% of the net asset value. The Scheme will normally hold equity and equity-related securities including equity derivatives, of upto 25 companies. Further, the Scheme will also have at least 95% of the invested amount (excluding investments in debt securities, money market securities and cash and cash equivalents) across the top 25 holdings in the portfolio. The Scheme may also invest in debt and money market securities, for defensive considerations and/or for managing liquidity requirements. There can be no assurance that the investment objective of the Scheme will be realized.

Portfolio as on February 28, 2014
Sr. No. Name of Instrument Rating / Industry Market value (Rs. In lakhs) % to Net Assets
  EQUITY & EQUITY RELATED      
  Listed / awaiting listing on the stock exchanges      
1 HDFC Bank Limited Banks 1,702.87 8.17%
2 Tata Consultancy Services Limited Software 1,537.50 7.37%
3 Larsen & Toubro Limited Construction Project 1,275.44 6.12%
4 Wipro Limited Software 1,185.71 5.69%
5 ITC Limited Consumer Non Durables 1,123.17 5.39%
6 Bharti Airtel Limited Telecom - Services 1,062.58 5.10%
7 Hero MotoCorp Limited Auto 1,045.54 5.01%
8 Maruti Suzuki India Limited Auto 982.67 4.71%
9 ING Vysya Bank Limited Banks 945.83 4.54%
10 Britannia Industries Limited Consumer Non Durables 902.31 4.33%
11 ICICI Bank Limited Banks 894.05 4.29%
12 Infosys Limited Software 860.51 4.13%
13 HCL Technologies Limited Software 779.63 3.74%
14 United Spirits Limited Consumer Non Durables 743.53 3.57%
15 Cadila Healthcare Limited Pharmaceuticals 713.40 3.42%
16 IPCA Laboratories Limited Pharmaceuticals 697.65 3.35%
17 Bank of Baroda Banks 668.63 3.21%
18 Tata Motors Limited Auto 602.44 2.89%
19 Shree Cements Limited Cement 552.68 2.65%
20 Kotak Mahindra Bank Limited Banks 535.95 2.57%
21 Power Grid Corporation of India Limited Power 444.26 2.13%
22 Zee Entertainment Enterprises Limited Media & Entertainment 416.17 2.00%
23 Lupin Limited Pharmaceuticals 361.90 1.74%
24 Idea Cellular Limited Telecom - Services 360.84 1.73%
25 Tata Steel Limited Ferrous Metals 238.84 1.15%
  Total   20,634.10 99.00%
         
  CBLO / Reverse Repo Investments   299.80 1.44%
  Total   299.80 1.44%
         
  Cash & Cash Equivalent      
  Net Receivables/Payables   -82.75 -0.44%
  Total   -82.75 -0.44%
  GRAND TOTAL   20,851.15 100.00%

Notes:

*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.


Note: Risk may be represented as:

Investors understand that their principal will be at Low risk (Blue)
Investors understand that their principal will be at Medium risk (Yellow)
Investors understand that their principal will be at High risk (Brown)

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