DSP BlackRock Micro Cap Fund

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 Aug, 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 Aug, 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 Sep 23, 2014

Fund Manager

As on Aug 31, 2014

Key Scheme Information

Inception 14 June 2007
AUM 1,276.91 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 August 31, 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 Indoco Remedies Limited Pharmaceuticals 7,470.88 5.85%
2 SRF Limited Textile Products 4,036.26 3.16%
3 Symphony Limited Consumer Durables 3,749.87 2.94%
4 Chambal Fertilizers & Chemicals Limited Fertilisers 3,539.42 2.77%
5 DCB Bank Limited Banks 3,522.87 2.76%
6 Siti Cable Network Limited Media & Entertainment 3,447.87 2.70%
7 Capital First Limited Finance 3,432.83 2.69%
8 Solar Industries India Limited Chemicals 3,311.75 2.59%
9 IDFC Limited Finance 3,172.42 2.48%
10 Maharashtra Seamless Limited Ferrous Metals 3,165.05 2.48%
11 Repco Home Finance Limited Finance 3,087.96 2.42%
12 Finolex Cables Limited Industrial Products 3,000.48 2.35%
13 SKS Microfinance Limited Finance 2,818.59 2.21%
14 APL Apollo Tubes Limited Ferrous Metals 2,619.37 2.05%
15 Eveready Industries India Limited Consumer Non Durables 2,599.07 2.04%
16 WABCO India Limited Auto Ancillaries 2,517.77 1.97%
17 Atul Limited Chemicals 2,359.74 1.85%
18 Astra Microwave Products Limited Telecom - Equipment & Accessories 2,335.01 1.83%
19 JK Lakshmi Cement Limited Cement 2,323.67 1.82%
20 Manappuram Finance Limited Finance 2,263.71 1.77%
21 CEAT Limited Auto Ancillaries 2,226.10 1.74%
22 Kennametal India Limited Industrial Capital Goods 2,074.79 1.62%
23 Kalpataru Power Transmission Limited Power 2,067.86 1.62%
24 Excel Crop Care Limited Pesticides 2,025.39 1.59%
25 NIIT Technologies Limited Software 1,960.16 1.54%
26 TVS Motor Company Limited Auto 1,931.57 1.51%
27 JK Tyre & Industries Limited Auto Ancillaries 1,875.51 1.47%
28 HCL Infosystems Limited Hardware 1,804.11 1.41%
29 Navin Fluorine International Limited Chemicals 1,775.51 1.39%
30 Strides Arcolab Limited Pharmaceuticals 1,760.70 1.38%
31 Bajaj Finance Limited Finance 1,697.78 1.33%
32 Aban Offshore Limited Oil 1,669.22 1.31%
33 Somany Ceramics Limited Construction 1,665.67 1.30%
34 Swaraj Engines Limited Industrial Products 1,664.25 1.30%
35 Essel Propack Limited Industrial Products 1,581.99 1.24%
36 Kirloskar Ferrous Industries Limited Ferrous Metals 1,565.05 1.23%
37 ING Vysya Bank Limited Banks 1,506.47 1.18%
38 Kewal Kiran Clothing Limited Textile Products 1,501.67 1.18%
39 Firstsource Solutions Limited Software 1,393.38 1.09%
40 Triveni Turbine Limited Industrial Capital Goods 1,350.14 1.06%
41 Disa India Limited Industrial Products 1,269.06 0.99%
42 KSB Pumps Limited Industrial Products 1,225.10 0.96%
43 Ador Welding Limited Industrial Products 1,079.12 0.85%
44 Bayer Cropscience Limited Pesticides 1,018.01 0.80%
45 Lovable Lingerie Limited Textile Products 974.39 0.76%
46 City Union Bank Limited Banks 963.12 0.75%
47 8K Miles Software Services Limited Software 953.69 0.75%
48 KPIT Technologies Limited Software 944.81 0.74%
49 Suprajit Engineering Limited Auto Ancillaries 866.88 0.68%
50 Finolex Industries Limited Industrial Products 814.10 0.64%
51 Indian Bank Banks 802.97 0.63%
52 MBL Infrastructures Limited Construction 796.48 0.62%
53 Siyaram Silk Mills Limited Textile Products 722.78 0.57%
54 K.P.R. Mill Limited Textile Products 688.25 0.54%
55 KNR Constructions Limited Construction 634.92 0.50%
56 Action Construction Equipment Limited Industrial Capital Goods 615.45 0.48%
57 J.Kumar Infraprojects Limited Construction 604.05 0.47%
58 Automobile Corporation of Goa Limited Auto 460.38 0.36%
59 Sun Pharma Advanced Research Company Limited Pharmaceuticals 391.74 0.31%
60 Orient Cement Limited Cement 362.25 0.28%
61 Career Point Limited Diversified Consumer Services 274.60 0.22%
62 Unity Infraprojects Limited Construction 172.70 0.14%
63 Tecpro Systems Limited Industrial Capital Goods 131.03 0.10%
  Total   116,637.79 91.36%
         
  CBLO / Reverse Repo Investments   9,526.71 7.46%
  Total   9,526.71 7.46%
         
  Cash & Cash Equivalent      
  Net Receivables/Payables   1,526.83 1.18%
  Total   1,526.83 1.18%
  GRAND TOTAL   127,691.33 100.00%

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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