DSP BlackRock Micro Cap Fund

Note: The scheme has been temporarily suspended for further subscriptions of more than Rs. 2 lakh

DSP BlackRock Micro Cap Fund Investment Objective An open ended diversified equity growth scheme seeking to generate long term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities, which are not part of the top 300 companies by market capitalisation. From time to time, the Investment Manager will also seek participation in other equity and equity related securities to achieve optimal portfolio construction.

This Fund is suitable for investors seeking*

  • Long-term capital growth
  • Investment in equity and equity-related securities in micro cap companies (beyond top 300 companies by market capitalization)
  • High Risk (Brown)

Why Invest?

  • Gives investors access to market inefficiencies
  • Large pool of varied, uncorrelated stocks
  • Niche plays reduce correlation
    • Among stocks
    • With broader markets
  • Under owned & Under researched stocks
  • Consistent track record in equity stock and sector selection

Asset Allocation

1 (a) Equity & Equity related securities which are not part of the top 300 stocks by market capitalisation – 65% - 100%

1 (b) Equity and equity related securities which are in the top 300 stocks by market capitalization: 0% - 35% of 1 (a) & (b) above, investments in ADRs, GDRs and foreign securities: 0% - 25%.

Debt* and Money Market Securities: 0% - 35%

* Debt Instruments may include securitised debts up to 10% of the net assets of the Scheme.

Top 10 Stocks

As on 31 Oct, 2014
Sr No. Name of Instrument Net Assets (%)
1
Indoco Remedies Limited
5.85
2
SRF Limited
3.16
3
Symphony Limited
2.94
4
Chambal Fertilizers & Chemicals Limited
2.77
5
DCB Bank Limited
2.76
6
Siti Cable Network Limited
2.70
7
Capital First Limited
2.69
8
Solar Industries India Limited
2.59
9
Maharashtra Seamless Limited
2.48
10
IDFC Limited
2.48

Top 10 Sectors

As on 31 Oct, 2014
Sr No. Industry Net Assets (%)
1
Finance
12.90
2
Industrial Products
8.33
3
Pharmaceuticals
7.54
4
Textile Products
6.21
5
Auto Ancillaries
5.86
6
Chemicals
5.83
7
Ferrous Metals
5.76
8
Banks
5.32
9
Software
4.12
10
Industrial Capital Goods
3.26
As on Oct 31, 2014

Fund Manager

As on Oct 31, 2014

Key Scheme Information

Inception 14 June 2007
AUM 1,494.16 Cr.
Benchmark S&P BSE Small Cap Index
Plans
  • Regular Plan
  • Direct Plan
Options available under both plans
  • Growth
  • Dividend
    • Payout
    • Reinvest
Minimum investment and additional purchase  1,000/- (One thousand) and any amount thereafter
Expense Ratio (F.Y beginning to date)
  • Regular
2.59%
  • Direct
1.95%
Exit Load
  • Holding Period < 24 months : 1%
  • Holding Period >= 24months : Nil

DSP BlackRock Micro Cap Fund Investment Objective An open ended diversified equity growth scheme seeking to generate long term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities, which are not part of the top 300 companies by market capitalisation. From time to time, the Investment Manager will also seek participation in other equity and equity related securities to achieve optimal portfolio construction.

Portfolio as on September 30, 2014
Sr. No. Name of Instrument ISIN Rating / Industry Quantity Market value (Rs. In lakhs) % to Net Assets
  EQUITY & EQUITY RELATED          
  Listed / awaiting listing on the stock exchanges          
1 Indoco Remedies Limited INE873D01024 Pharmaceuticals 2,912,623 8,433.50 5.64%
2 Repco Home Finance Limited INE612J01015 Finance 1,085,697 4,633.21 3.10%
3 Symphony Limited INE225D01027 Consumer Durables 306,287 4,221.71 2.83%
4 SRF Limited INE647A01010 Textile Products 556,195 4,204.83 2.81%
5 Chambal Fertilizers & Chemicals Limited INE085A01013 Fertilisers 6,996,338 4,078.87 2.73%
6 DCB Bank Limited INE503A01015 Banks 4,764,803 4,004.82 2.68%
7 Sharda Cropchem Limited INE221J01015 Pesticides 1,532,595 3,997.01 2.68%
8 Capital First Limited INE688I01017 Finance 1,232,834 3,954.93 2.65%
9 Solar Industries India Limited INE343H01011 Chemicals 159,230 3,818.02 2.56%
10 Finolex Cables Limited INE235A01022 Industrial Products 1,559,317 3,328.36 2.23%
11 Siti Cable Network Limited INE965H01011 Media & Entertainment 12,954,671 3,296.96 2.21%
12 Mayur Uniquoters Ltd INE040D01038 Textile Products 696,940 3,108.35 2.08%
13 CEAT Limited INE482A01020 Auto Ancillaries 379,040 3,012.61 2.02%
14 SKS Microfinance Limited INE180K01011 Finance 950,621 2,853.29 1.91%
15 Maharashtra Seamless Limited INE271B01025 Ferrous Metals 888,561 2,853.17 1.91%
16 Eveready Industries India Limited INE128A01029 Consumer Non Durables 2,660,254 2,748.04 1.84%
17 JK Lakshmi Cement Limited INE786A01032 Cement 764,113 2,725.21 1.82%
18 WABCO India Limited INE342J01019 Auto Ancillaries 69,618 2,701.80 1.81%
19 Kalpataru Power Transmission Limited INE220B01022 Power 1,695,735 2,616.52 1.75%
20 Manappuram Finance Limited INE522D01027 Finance 8,723,343 2,577.75 1.73%
21 JK Tyre & Industries Limited INE573A01034 Auto Ancillaries 497,555 2,434.04 1.63%
22 Atul Limited INE100A01010 Chemicals 173,945 2,417.14 1.62%
23 APL Apollo Tubes Limited INE702C01019 Ferrous Metals 812,839 2,367.80 1.58%
24 TVS Motor Company Limited INE494B01023 Auto 1,035,692 2,360.86 1.58%
25 Navin Fluorine International Limited INE048G01018 Chemicals 357,577 2,302.26 1.54%
26 Swaraj Engines Limited INE277A01016 Industrial Products 227,525 2,278.66 1.53%
27 Excel Crop Care Limited INE223G01017 Pesticides 206,367 2,194.71 1.47%
28 NIIT Technologies Limited INE591G01017 Software 545,095 2,181.74 1.46%
29 Essel Propack Limited INE255A01020 Industrial Products 1,888,239 2,164.87 1.45%
30 Kennametal India Limited INE717A01029 Industrial Capital Goods 246,778 2,050.48 1.37%
31 IDFC Limited INE043D01016 Finance 1,485,381 2,038.69 1.36%
32 Astra Microwave Products Limited INE386C01029 Telecom - Equipment & Accessories 1,770,287 1,963.25 1.31%
33 HCL Infosystems Limited INE236A01020 Hardware 2,304,106 1,922.78 1.29%
34 Bajaj Finance Limited INE296A01016 Finance 68,697 1,869.45 1.25%
35 Kirloskar Ferrous Industries Limited INE884B01025 Ferrous Metals 3,470,183 1,825.32 1.22%
36 Somany Ceramics Limited INE355A01028 Construction 587,021 1,702.95 1.14%
37 Triveni Turbine Limited INE152M01016 Industrial Capital Goods 1,834,324 1,677.49 1.12%
38 Kewal Kiran Clothing Limited INE401H01017 Textile Products 89,653 1,652.48 1.11%
39 Strides Arcolab Limited INE939A01011 Pharmaceuticals 222,648 1,590.26 1.06%
40 8K Miles Software Services Limited INE650K01013 Software 303,529 1,572.28 1.05%
41 NRB Bearing Limited INE349A01021 Industrial Products 1,189,867 1,550.40 1.04%
42 Siyaram Silk Mills Limited INE076B01010 Textile Products 199,991 1,505.73 1.01%
43 K.P.R. Mill Limited INE930H01015 Textile Products 469,004 1,461.89 0.98%
44 ING Vysya Bank Limited INE166A01011 Banks 240,132 1,426.98 0.96%
45 Aban Offshore Limited INE421A01028 Oil 235,500 1,396.99 0.93%
46 Disa India Limited INE131C01011 Industrial Products 36,763 1,373.47 0.92%
47 KSB Pumps Limited INE999A01015 Industrial Products 252,080 1,359.72 0.91%
48 Firstsource Solutions Limited INE684F01012 Software 3,022,355 1,216.50 0.81%
49 Ador Welding Limited INE045A01017 Industrial Products 543,061 1,165.41 0.78%
50 City Union Bank Limited INE491A01021 Banks 1,250,000 1,073.75 0.72%
51 Bayer Cropscience Limited INE462A01022 Pesticides 42,550 1,026.35 0.69%
52 KPIT Technologies Limited INE836A01035 Software 637,736 1,018.15 0.68%
53 MBL Infrastructures Limited INE912H01013 Construction 293,632 998.50 0.67%
54 Suprajit Engineering Limited INE399C01030 Auto Ancillaries 739,343 951.53 0.64%
55 Lovable Lingerie Limited INE597L01014 Textile Products 251,845 934.09 0.63%
56 Finolex Industries Limited INE183A01016 Industrial Products 282,576 922.19 0.62%
57 Indian Bank INE562A01011 Banks 588,689 906.29 0.61%
58 KNR Constructions Limited INE634I01011 Construction 287,556 815.37 0.55%
59 Action Construction Equipment Limited INE731H01025 Industrial Capital Goods 2,082,757 689.39 0.46%
60 J.Kumar Infraprojects Limited INE576I01014 Construction 186,032 585.72 0.39%
61 Automobile Corporation of Goa Limited INE451C01013 Auto 96,616 473.42 0.32%
62 Orient Cement Limited INE876N01018 Cement 300,000 398.55 0.27%
63 Sun Pharma Advanced Research Company Limited INE232I01014 Pharmaceuticals 199,712 396.33 0.27%
64 Career Point Limited INE521J01018 Diversified Consumer Services 284,144 341.97 0.23%
65 Tecpro Systems Limited INE904H01010 Industrial Capital Goods 542,013 69.11 0.05%
66 Unity Infraprojects Limited INE466H01028 Construction 171,686 40.52 0.03%
  Total       137,834.79 92.30%
             
  CBLO / Reverse Repo Investments       11,697.85 7.83%
  Total       11,697.85 7.83%
             
  Cash & Cash Equivalent          
  Net Receivables/Payables       -116.19 -0.13%
  Total       -116.19 -0.13%
  GRAND TOTAL       149,416.45 100.00%
Notes :         0.00 0.00%
  Net Assets does not include unit activity for the last day of the month          

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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