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 Jun, 2015
Sr No. Name of Instrument Net Assets (%)
1
Indoco Remedies Limited
5.67
2
DCB Bank Limited
4.18
3
Eveready Industries India Limited
4.09
4
Sharda Cropchem Limited
3.80
5
SRF Limited
3.67
6
K.P.R. Mill Limited
3.17
7
Solar Industries India Limited
2.81
8
Capital First Limited
2.73
9
Symphony Limited
2.55
10
SKS Microfinance Limited
2.47

Top 10 Sectors

As on 30 Jun, 2015
Sr No. Industry Net Assets (%)
1
Textile Products
10.73
2
Industrial Products
10.70
3
Pharmaceuticals
9.96
4
Finance
8.99
5
Chemicals
8.95
6
Banks
5.29
7
Pesticides
4.63
8
Auto Ancillaries
4.52
9
Ferrous Metals
4.15
10
Consumer Non Durables
4.09
As on Jun 30, 2015

Fund Manager

As on Jun 30, 2015

Key Scheme Information

Inception 14 June 2007
AUM 2,025.46 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
2.38%
  • Direct
1.68%
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 May 31, 2015
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 11,494.38 5.67%
2 DCB Bank Limited Banks 8,463.00 4.18%
3 Eveready Industries India Limited Consumer Non Durables 8,286.69 4.09%
4 Sharda Cropchem Limited Pesticides 7,703.56 3.80%
5 SRF Limited Textile Products 7,434.65 3.67%
6 K.P.R. Mill Limited Textile Products 6,413.20 3.17%
7 Solar Industries India Limited Chemicals 5,689.26 2.81%
8 Capital First Limited Finance 5,527.11 2.73%
9 Symphony Limited Consumer Durables 5,155.58 2.55%
10 SKS Microfinance Limited Finance 4,996.06 2.47%
11 Repco Home Finance Limited Finance 4,916.42 2.43%
12 Finolex Cables Limited Industrial Products 4,895.65 2.42%
13 Kalpataru Power Transmission Limited Power 4,607.49 2.27%
14 Aarti Industries Limited Chemicals 4,468.66 2.21%
15 Chambal Fertilizers & Chemicals Limited Fertilisers 4,320.24 2.13%
16 Siti Cable Network Limited Media & Entertainment 4,143.49 2.05%
17 Navin Fluorine International Limited Chemicals 4,058.38 2.00%
18 CEAT Limited Auto Ancillaries 4,048.42 2.00%
19 Atul Limited Chemicals 3,916.94 1.93%
20 APL Apollo Tubes Limited Ferrous Metals 3,515.94 1.74%
21 Mayur Uniquoters Ltd Textile Products 3,466.52 1.71%
22 Astral Poly Technik Limited Industrial Products 3,393.19 1.68%
23 Essel Propack Limited Industrial Products 3,170.34 1.57%
24 Strides Arcolab Limited Pharmaceuticals 3,075.07 1.52%
25 JK Lakshmi Cement Limited Cement 2,944.15 1.45%
26 Kennametal India Limited Industrial Capital Goods 2,905.80 1.43%
27 Maharashtra Seamless Limited Ferrous Metals 2,838.56 1.40%
28 Finolex Industries Limited Industrial Products 2,833.84 1.40%
29 WABCO India Limited Auto Ancillaries 2,782.53 1.37%
30 Manappuram Finance Limited Finance 2,760.94 1.36%
31 IPCA Laboratories Limited Pharmaceuticals 2,704.04 1.34%
32 Somany Ceramics Limited Construction 2,484.86 1.23%
33 Siyaram Silk Mills Limited Textile Products 2,463.72 1.22%
34 8K Miles Software Services Limited Software 2,121.36 1.05%
35 Aarti Drugs Limited Pharmaceuticals 2,074.17 1.02%
36 Triveni Turbine Limited Industrial Capital Goods 2,073.70 1.02%
37 NIIT Technologies Limited Software 2,017.71 1.00%
38 Swaraj Engines Limited Industrial Products 1,995.01 0.98%
39 NRB Bearing Limited Industrial Products 1,984.13 0.98%
40 Kewal Kiran Clothing Limited Textile Products 1,940.78 0.96%
41 Disa India Limited Industrial Products 1,830.43 0.90%
42 Excel Crop Care Limited Pesticides 1,688.29 0.83%
43 MBL Infrastructures Limited Construction 1,598.53 0.79%
44 KSB Pumps Limited Industrial Products 1,566.65 0.77%
45 KNR Constructions Limited Construction 1,498.31 0.74%
46 Kirloskar Ferrous Industries Limited Ferrous Metals 1,357.10 0.67%
47 J.Kumar Infraprojects Limited Construction 1,292.83 0.64%
48 Suprajit Engineering Limited Auto Ancillaries 1,286.57 0.64%
49 City Union Bank Limited Banks 1,284.38 0.63%
50 Fiem Industries Limited Auto Ancillaries 1,043.09 0.51%
51 Indian Bank Banks 981.34 0.48%
52 Automobile Corporation of Goa Limited Auto 826.98 0.41%
53 Sun Pharma Advanced Research Company Limited Pharmaceuticals 826.51 0.41%
54 Ratnamani Metals & Tubes Limited Ferrous Metals 692.28 0.34%
55 Career Point Limited Diversified Consumer Services 456.34 0.23%
56 Astra Microwave Products Limited Telecom - Equipment & Accessories 135.32 0.07%
  Total   184,450.49 91.07%
         
  MONEY MARKET INSTRUMENTS      
57 CBLO / Reverse Repo Investments   17,419.69 8.60%
  Total   17,419.69 8.60%
         
  Cash & Cash Equivalent      
  Net Receivables/Payables   676.03 0.33%
  Total   676.03 0.33%
  GRAND TOTAL   202,546.21 100.00%

Notes:

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

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