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 31 Jan, 2016
Sr No. Name of Instrument Net Assets (%)
1
K.P.R. Mill Limited
4.27
2
Indoco Remedies Limited
4.15
3
SRF Limited
3.54
4
Navin Fluorine International Limited
3.47
5
Aarti Industries Limited
3.05
6
Atul Limited
2.87
7
Eveready Industries India Limited
2.83
8
8K Miles Software Services Limited
2.68
9
Capital First Limited
2.64
10
Sharda Cropchem Limited
2.59

Top 10 Sectors

As on 31 Jan, 2016
Sr No. Industry Net Assets (%)
1
Chemicals
11.84
2
Textile Products
11.82
3
Industrial Products
11.66
4
Finance
7.87
5
Pharmaceuticals
7.22
6
Ferrous Metals
7.16
7
Software
6.03
8
Construction
6.00
9
Auto Ancillaries
4.41
10
Pesticides
3.59
As on Feb 09, 2016

Fund Manager

As on Jan 31, 2016

Key Scheme Information

Inception 14 June 2007
AUM 2,230.02 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 December 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 K.P.R. Mill Limited Textile Products 10,313.61 4.27%
2 Indoco Remedies Limited Pharmaceuticals 10,024.29 4.15%
3 SRF Limited Textile Products 8,539.67 3.54%
4 Navin Fluorine International Limited Chemicals 8,364.24 3.47%
5 Aarti Industries Limited Chemicals 7,358.91 3.05%
6 Atul Limited Chemicals 6,925.80 2.87%
7 Eveready Industries India Limited Consumer Non Durables 6,821.55 2.83%
8 8K Miles Software Services Limited Software 6,462.13 2.68%
9 Capital First Limited Finance 6,381.57 2.64%
10 Sharda Cropchem Limited Pesticides 6,241.26 2.59%
11 APL Apollo Tubes Limited Ferrous Metals 6,095.48 2.53%
12 Finolex Cables Limited Industrial Products 6,049.45 2.51%
13 Repco Home Finance Limited Finance 6,046.01 2.51%
14 Solar Industries India Limited Chemicals 5,786.56 2.40%
15 NIIT Technologies Limited Software 5,691.46 2.36%
16 DCB Bank Limited Banks 5,044.13 2.09%
17 Kalpataru Power Transmission Limited Power 4,810.27 1.99%
18 Symphony Limited Consumer Durables 4,719.04 1.96%
19 Mayur Uniquoters Ltd Textile Products 4,655.97 1.93%
20 Finolex Industries Limited Industrial Products 4,528.35 1.88%
21 Chambal Fertilizers & Chemicals Limited Fertilisers 4,365.71 1.81%
22 Somany Ceramics Limited Construction 4,273.11 1.77%
23 Siti Cable Network Limited Media & Entertainment 4,255.16 1.76%
24 Essel Propack Limited Industrial Products 4,175.79 1.73%
25 Welspun Corp Limited Ferrous Metals 4,080.50 1.69%
26 Astral Poly Technik Limited Industrial Products 3,853.57 1.60%
27 IPCA Laboratories Limited Pharmaceuticals 3,656.93 1.52%
28 Manappuram Finance Limited Finance 3,576.86 1.48%
29 JK Lakshmi Cement Limited Cement 3,461.72 1.43%
30 CEAT Limited Auto Ancillaries 3,403.06 1.41%
31 Ratnamani Metals & Tubes Limited Ferrous Metals 3,147.11 1.30%
32 Swaraj Engines Limited Industrial Products 3,134.56 1.30%
33 Aarti Drugs Limited Pharmaceuticals 3,068.55 1.27%
34 SKS Microfinance Limited Finance 2,983.52 1.24%
35 WABCO India Limited Auto Ancillaries 2,969.57 1.23%
36 Siyaram Silk Mills Limited Textile Products 2,875.77 1.19%
37 Fiem Industries Limited Auto Ancillaries 2,792.11 1.16%
38 Cera Sanitaryware Limited Construction 2,690.67 1.11%
39 Kennametal India Ltd. Industrial Capital Goods 2,622.94 1.09%
40 Maharashtra Seamless Limited Ferrous Metals 2,461.35 1.02%
41 Excel Crop Care Limited Pesticides 2,408.42 1.00%
42 Majesco Limited Software 2,401.05 0.99%
43 NRB Bearing Limited Industrial Products 2,358.47 0.98%
44 MBL Infrastructures Limited Construction 2,339.45 0.97%
45 IFB Industries Limited Consumer Durables 2,271.02 0.94%
46 Triveni Turbine Limited Industrial Capital Goods 2,239.50 0.93%
47 Ashiana Housing Limited Construction 2,172.91 0.90%
48 Kewal Kiran Clothing Limited Textile Products 2,143.36 0.89%
49 KSB Pumps Limited Industrial Products 2,077.65 0.86%
50 Disa India Ltd. Industrial Products 1,925.83 0.80%
51 KNR Constructions Limited Construction 1,634.76 0.68%
52 Techno Electric & Engineering Company Limited Construction Project 1,500.63 0.62%
53 Kirloskar Ferrous Industries Ltd. Ferrous Metals 1,485.25 0.62%
54 Suprajit Engineering Limited Auto Ancillaries 1,473.69 0.61%
55 J.Kumar Infraprojects Limited Construction 1,384.82 0.57%
56 City Union Bank Limited Banks 1,151.88 0.48%
57 Automobile Corporation of Goa Ltd. Auto 905.96 0.38%
58 Indian Bank Banks 679.94 0.28%
59 Sun Pharma Advanced Research Company Limited Pharmaceuticals 678.52 0.28%
60 Career Point Limited Diversified Consumer Services 395.39 0.16%
61 Omkar Speciality Chemicals Limited Chemicals 132.56 0.05%
  Total   232,469.37 96.35%
         
  MONEY MARKET INSTRUMENTS      
62 CBLO / Reverse Repo Investments   9,098.28 3.77%
  Total   9,098.28 3.77%
         
  Cash & Cash Equivalent      
  Net Receivables/Payables   -224.61 -0.12%
  Total   -224.61 -0.12%
  GRAND TOTAL   241,343.04 100.00%

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.

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