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 30 Nov, 2014
Sr No. Name of Instrument Net Assets (%)
1
Indoco Remedies Limited
5.12
2
Repco Home Finance Limited
3.51
3
Symphony Limited
3.35
4
Sharda Cropchem Limited
3.15
5
DCB Bank Limited
2.99
6
SRF Limited
2.95
7
Eveready Industries India Limited
2.91
8
Chambal Fertilizers & Chemicals Limited
2.75
9
Capital First Limited
2.54
10
Solar Industries India Limited
2.53

Top 10 Sectors

As on 30 Nov, 2014
Sr No. Industry Net Assets (%)
1
Industrial Products
11.62
2
Finance
11.23
3
Textile Products
8.26
4
Pharmaceuticals
8.17
5
Chemicals
5.71
6
Auto Ancillaries
5.62
7
Banks
5.51
8
Pesticides
5.47
9
Ferrous Metals
5.04
10
Software
3.97
As on Dec 19, 2014

Fund Manager

As on Nov 30, 2014

Key Scheme Information

Inception 14 June 2007
AUM 1,682.46 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
2.59%
  • 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 October 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 8,589.33 5.40%
2 Symphony Limited Consumer Durables 5,987.45 3.76%
3 Repco Home Finance Limited Finance 5,295.49 3.33%
4 Sharda Cropchem Limited Pesticides 5,167.11 3.25%
5 SRF Limited Textile Products 4,739.89 2.98%
6 DCB Bank Limited Banks 4,357.41 2.74%
7 Chambal Fertilizers & Chemicals Limited Fertilisers 4,316.74 2.71%
8 Capital First Limited Finance 4,101.64 2.58%
9 Solar Industries India Limited Chemicals 3,998.66 2.51%
10 Eveready Industries India Limited Consumer Non Durables 3,510.21 2.21%
11 Finolex Cables Limited Industrial Products 3,495.21 2.20%
12 Siti Cable Network Limited Media & Entertainment 3,381.17 2.13%
13 CEAT Limited Auto Ancillaries 3,285.71 2.07%
14 Mayur Uniquoters Ltd Textile Products 3,163.01 1.99%
15 SKS Microfinance Limited Finance 3,102.35 1.95%
16 Kalpataru Power Transmission Limited Power 3,046.93 1.92%
17 JK Lakshmi Cement Limited Cement 2,805.06 1.76%
18 Maharashtra Seamless Limited Ferrous Metals 2,791.86 1.76%
19 Manappuram Finance Limited Finance 2,747.85 1.73%
20 TVS Motor Company Limited Auto 2,684.00 1.69%
21 WABCO India Limited Auto Ancillaries 2,536.25 1.59%
22 APL Apollo Tubes Limited Ferrous Metals 2,527.93 1.59%
23 JK Tyre & Industries Limited Auto Ancillaries 2,443.00 1.54%
24 IDFC Limited Finance 2,321.65 1.46%
25 Excel Crop Care Limited Pesticides 2,288.20 1.44%
26 Astra Microwave Products Limited Telecom - Equipment & Accessories 2,258.00 1.42%
27 8K Miles Software Services Limited Software 2,233.67 1.40%
28 Atul Limited Chemicals 2,219.10 1.40%
29 Navin Fluorine International Limited Chemicals 2,182.29 1.37%
30 Swaraj Engines Limited Industrial Products 2,181.85 1.37%
31 Kirloskar Ferrous Industries Limited Ferrous Metals 2,167.13 1.36%
32 Essel Propack Limited Industrial Products 2,165.81 1.36%
33 NIIT Technologies Limited Software 1,938.30 1.22%
34 Bajaj Finance Limited Finance 1,929.36 1.21%
35 Kennametal India Limited Industrial Capital Goods 1,875.51 1.18%
36 Somany Ceramics Limited Construction 1,846.47 1.16%
37 HCL Infosystems Limited Hardware 1,685.45 1.06%
38 Triveni Turbine Limited Industrial Capital Goods 1,672.90 1.05%
39 NRB Bearing Limited Industrial Products 1,639.82 1.03%
40 ING Vysya Bank Limited Banks 1,548.49 0.97%
41 Kewal Kiran Clothing Limited Textile Products 1,518.14 0.95%
42 Siyaram Silk Mills Limited Textile Products 1,498.33 0.94%
43 Strides Arcolab Limited Pharmaceuticals 1,483.73 0.93%
44 Aban Offshore Limited Oil 1,469.52 0.92%
45 K.P.R. Mill Limited Textile Products 1,435.86 0.90%
46 Disa India Limited Industrial Products 1,367.14 0.86%
47 KSB Pumps Limited Industrial Products 1,355.63 0.85%
48 Ador Welding Limited Industrial Products 1,245.78 0.78%
49 Firstsource Solutions Limited Software 1,178.72 0.74%
50 Finolex Industries Limited Industrial Products 1,082.61 0.68%
51 City Union Bank Limited Banks 1,060.00 0.67%
52 KPIT Technologies Limited Software 1,059.60 0.67%
53 MBL Infrastructures Limited Construction 1,026.24 0.65%
54 Bayer Cropscience Limited Pesticides 989.37 0.62%
55 Indian Bank Banks 981.93 0.62%
56 Suprajit Engineering Limited Auto Ancillaries 868.75 0.55%
57 KNR Constructions Limited Construction 838.66 0.53%
58 Action Construction Equipment Limited Industrial Capital Goods 683.07 0.43%
59 Lovable Lingerie Limited Textile Products 637.87 0.40%
60 J.Kumar Infraprojects Limited Construction 599.86 0.38%
61 Automobile Corporation of Goa Limited Auto 589.62 0.37%
62 Sun Pharma Advanced Research Company Limited Pharmaceuticals 396.03 0.25%
63 Career Point Limited Diversified Consumer Services 346.09 0.22%
64 Tecpro Systems Limited Industrial Capital Goods 6.06 0.00%
  Total   145,946.87 91.76%
         
  CBLO / Reverse Repo Investments   13,548.60 8.52%
  Total   13,548.60 8.52%
         
  Cash & Cash Equivalent      
  Net Receivables/Payables   -462.01 -0.28%
  Total   -462.01 -0.28%
  GRAND TOTAL   159,033.46 100.00%

Notes:

  1.  
  2. Net Assets does not include unit activity for the last day of the month

*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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