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

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 30 Apr, 2016
Sr No. Name of Instrument Net Assets (%)
1
K.P.R. Mill Limited
3.83
2
Sharda Cropchem Limited
3.72
3
SRF Limited
3.62
4
Eveready Industries India Limited
3.41
5
Atul Limited
3.10
6
Navin Fluorine International Limited
3.08
7
Aarti Industries Limited
2.94
8
Finolex Cables Limited
2.77
9
APL Apollo Tubes Limited
2.63
10
DCB Bank Limited
2.62

Top 10 Sectors

As on 30 Apr, 2016
Sr No. Industry Net Assets (%)
1
Industrial Products
12.18
2
Chemicals
11.31
3
Textile Products
10.70
4
Construction
6.75
5
Ferrous Metals
6.65
6
Finance
6.61
7
Software
6.19
8
Pharmaceuticals
5.07
9
Auto Ancillaries
4.81
10
Industrial Capital Goods
4.80
As on May 27, 2016

Fund Manager

As on Apr 30, 2016

Key Scheme Information

Inception 14 June 2007
AUM 2,544.15 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
2.41%
  • Direct
1.71%

Exit Load

Holding period from the date of allotment:

  • Less than 12 months: 1%
  • Greater than or equal to 12 months: 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 April 30, 2016
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 K.P.R. Mill Limited Textile Products 9,748.21 3.83%
2 Sharda Cropchem Limited Pesticides 9,476.82 3.72%
3 SRF Limited Textile Products 9,214.57 3.62%
4 Eveready Industries India Limited Consumer Non Durables 8,675.94 3.41%
5 Atul Limited Chemicals 7,885.55 3.10%
6 Navin Fluorine International Limited Chemicals 7,843.14 3.08%
7 Aarti Industries Limited Chemicals 7,484.82 2.94%
8 Finolex Cables Limited Industrial Products 7,042.53 2.77%
9 APL Apollo Tubes Limited Ferrous Metals 6,692.59 2.63%
10 DCB Bank Limited Banks 6,653.55 2.62%
11 Cera Sanitaryware Limited Construction 6,603.56 2.60%
12 Capital First Limited Finance 6,281.54 2.47%
13 NIIT Technologies Limited Software 6,051.48 2.38%
14 Repco Home Finance Limited Finance 5,665.96 2.23%
15 Solar Industries India Limited Chemicals 5,572.73 2.19%
16 Indoco Remedies Limited Pharmaceuticals 5,489.33 2.16%
17 8K Miles Software Services Limited Software 5,473.05 2.15%
18 Finolex Industries Limited Industrial Products 5,449.38 2.14%
19 V-Guard Industries Limited Industrial Capital Goods 5,158.86 2.03%
20 Symphony Limited Consumer Durables 5,066.85 1.99%
21 Manappuram Finance Limited Finance 4,864.29 1.91%
22 Somany Ceramics Limited Construction 4,693.53 1.84%
23 Majesco Limited Software 4,214.07 1.66%
24 Siti Cable Network Limited Media & Entertainment 4,155.24 1.63%
25 Chambal Fertilizers & Chemicals Limited Fertilisers 4,015.84 1.58%
26 Mayur Uniquoters Ltd Textile Products 4,014.18 1.58%
27 Welspun Corp Limited Ferrous Metals 3,914.24 1.54%
28 IPCA Laboratories Limited Pharmaceuticals 3,913.98 1.54%
29 Astral Poly Technik Limited Industrial Products 3,900.71 1.53%
30 Swaraj Engines Limited Industrial Products 3,831.39 1.51%
31 Kalpataru Power Transmission Limited Power 3,755.24 1.48%
32 Suprajit Engineering Limited Auto Ancillaries 3,740.20 1.47%
33 Essel Propack Limited Industrial Products 3,424.72 1.35%
34 JK Lakshmi Cement Limited Cement 3,405.74 1.34%
35 Fiem Industries Limited Auto Ancillaries 3,134.65 1.23%
36 IFB Industries Limited Consumer Durables 3,134.01 1.23%
37 Ratnamani Metals & Tubes Limited Ferrous Metals 2,919.43 1.15%
38 Aarti Drugs Limited Pharmaceuticals 2,848.24 1.12%
39 WABCO India Limited Auto Ancillaries 2,827.58 1.11%
40 Kennametal India Ltd. Industrial Capital Goods 2,621.15 1.03%
41 CEAT Limited Auto Ancillaries 2,533.91 1.00%
42 Siyaram Silk Mills Limited Textile Products 2,482.53 0.98%
43 Excel Crop Care Limited Pesticides 2,428.71 0.95%
44 KSB Pumps Limited Industrial Products 2,285.33 0.90%
45 Skipper Limited Industrial Capital Goods 2,236.86 0.88%
46 Triveni Turbine Limited Industrial Capital Goods 2,179.99 0.86%
47 NRB Bearing Limited Industrial Products 2,098.29 0.82%
48 Ashiana Housing Limited Construction 2,039.80 0.80%
49 Maharashtra Seamless Limited Ferrous Metals 1,789.74 0.70%
50 Kewal Kiran Clothing Limited Textile Products 1,750.55 0.69%
51 Kirloskar Ferrous Industries Ltd. Ferrous Metals 1,592.36 0.63%
52 KNR Constructions Limited Construction 1,536.95 0.60%
53 Sterlite Technologies Limited Industrial Products 1,497.97 0.59%
54 Techno Electric & Engineering Company Limited Construction Project 1,485.76 0.58%
55 Disa India Ltd. Industrial Products 1,455.81 0.57%
56 MBL Infrastructures Limited Construction 1,448.87 0.57%
57 J.Kumar Infraprojects Limited Construction 874.91 0.34%
58 Automobile Corporation of Goa Ltd. Auto 705.58 0.28%
59 Sun Pharma Advanced Research Company Limited Pharmaceuticals 624.86 0.25%
60 Career Point Limited Diversified Consumer Services 335.29 0.13%
  Total   244,242.96 96.01%
         
  MONEY MARKET INSTRUMENTS      
61 CBLO / Reverse Repo Investments   9,553.49 3.76%
  Total   9,553.49 3.76%
         
  Cash & Cash Equivalent      
  Net Receivables/Payables   618.38 0.23%
  Total   618.38 0.23%
  GRAND TOTAL   254,414.83 100.00%

Notes:

  1.  
  2. Market value includes accrued interest
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

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