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 Apr, 2015
Sr No. Name of Instrument Net Assets (%)
1
Indoco Remedies Limited
5.27
2
DCB Bank Limited
4.01
3
Eveready Industries India Limited
3.80
4
K.P.R. Mill Limited
3.43
5
Sharda Cropchem Limited
3.41
6
SRF Limited
3.40
7
Solar Industries India Limited
2.88
8
Capital First Limited
2.81
9
Finolex Cables Limited
2.60
10
Kalpataru Power Transmission Limited
2.42

Top 10 Sectors

As on 30 Apr, 2015
Sr No. Industry Net Assets (%)
1
Industrial Products
11.95
2
Textile Products
10.76
3
Pharmaceuticals
9.35
4
Finance
9.09
5
Chemicals
8.86
6
Banks
5.05
7
Auto Ancillaries
4.64
8
Ferrous Metals
4.47
9
Pesticides
4.31
10
Consumer Non Durables
3.80
As on May 25, 2015

Fund Manager

As on Apr 30, 2015

Key Scheme Information

Inception 14 June 2007
AUM 1,931.88 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
2.46%
  • Direct
1.77%
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 April 30, 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 10,171.58 5.27%
2 DCB Bank Limited Banks 7,754.58 4.01%
3 Eveready Industries India Limited Consumer Non Durables 7,336.98 3.80%
4 K.P.R. Mill Limited Textile Products 6,632.51 3.43%
5 Sharda Cropchem Limited Pesticides 6,580.41 3.41%
6 SRF Limited Textile Products 6,563.94 3.40%
7 Solar Industries India Limited Chemicals 5,562.72 2.88%
8 Capital First Limited Finance 5,423.92 2.81%
9 Finolex Cables Limited Industrial Products 5,029.23 2.60%
10 Kalpataru Power Transmission Limited Power 4,671.30 2.42%
11 Repco Home Finance Limited Finance 4,637.08 2.40%
12 Chambal Fertilizers & Chemicals Limited Fertilisers 4,516.14 2.34%
13 Symphony Limited Consumer Durables 4,508.99 2.33%
14 SKS Microfinance Limited Finance 4,468.39 2.31%
15 Siti Cable Network Limited Media & Entertainment 4,095.58 2.12%
16 Aarti Industries Limited Chemicals 3,980.61 2.06%
17 CEAT Limited Auto Ancillaries 3,971.25 2.06%
18 Astral Poly Technik Limited Industrial Products 3,887.49 2.01%
19 Atul Limited Chemicals 3,872.64 2.00%
20 Navin Fluorine International Limited Chemicals 3,709.27 1.92%
21 APL Apollo Tubes Limited Ferrous Metals 3,540.32 1.83%
22 Mayur Uniquoters Ltd Textile Products 3,473.03 1.80%
23 Essel Propack Limited Industrial Products 3,111.79 1.61%
24 JK Lakshmi Cement Limited Cement 3,107.28 1.61%
25 Kennametal India Limited Industrial Capital Goods 3,090.78 1.60%
26 Manappuram Finance Limited Finance 3,027.00 1.57%
27 Maharashtra Seamless Limited Ferrous Metals 2,967.81 1.54%
28 Somany Ceramics Limited Construction 2,749.25 1.42%
29 Finolex Industries Limited Industrial Products 2,746.37 1.42%
30 WABCO India Limited Auto Ancillaries 2,727.58 1.41%
31 IPCA Laboratories Limited Pharmaceuticals 2,651.99 1.37%
32 Strides Arcolab Limited Pharmaceuticals 2,502.81 1.30%
33 Kewal Kiran Clothing Limited Textile Products 2,164.27 1.12%
34 Triveni Turbine Limited Industrial Capital Goods 2,111.31 1.09%
35 8K Miles Software Services Limited Software 2,051.40 1.06%
36 Siyaram Silk Mills Limited Textile Products 1,959.25 1.01%
37 Aarti Drugs Limited Pharmaceuticals 1,937.00 1.00%
38 Swaraj Engines Limited Industrial Products 1,921.94 0.99%
39 NRB Bearing Limited Industrial Products 1,920.01 0.99%
40 Disa India Limited Industrial Products 1,854.33 0.96%
41 NIIT Technologies Limited Software 1,853.91 0.96%
42 Excel Crop Care Limited Pesticides 1,729.51 0.90%
43 MBL Infrastructures Limited Construction 1,676.05 0.87%
44 KSB Pumps Limited Industrial Products 1,519.85 0.79%
45 Kirloskar Ferrous Industries Limited Ferrous Metals 1,506.85 0.78%
46 KNR Constructions Limited Construction 1,363.30 0.71%
47 Suprajit Engineering Limited Auto Ancillaries 1,214.52 0.63%
48 City Union Bank Limited Banks 1,180.00 0.61%
49 Ador Welding Limited Industrial Products 1,112.19 0.58%
50 J.Kumar Infraprojects Limited Construction 1,109.49 0.57%
51 Fiem Industries Limited Auto Ancillaries 1,035.65 0.54%
52 Indian Bank Banks 823.58 0.43%
53 Sun Pharma Advanced Research Company Limited Pharmaceuticals 795.45 0.41%
54 Automobile Corporation of Goa Limited Auto 728.52 0.38%
55 Astra Microwave Products Limited Telecom - Equipment & Accessories 622.48 0.32%
56 Ratnamani Metals & Tubes Limited Ferrous Metals 611.99 0.32%
57 Career Point Limited Diversified Consumer Services 428.35 0.22%
58 Navneet Education Limited Media & Entertainment 41.02 0.02%
  Total   178,342.84 92.32%
         
  MONEY MARKET INSTRUMENTS      
59 CBLO / Reverse Repo Investments   14,489.79 7.50%
  Total   14,489.79 7.50%
         
  Cash & Cash Equivalent      
  Net Receivables/Payables   355.05 0.18%
  Total   355.05 0.18%
  GRAND TOTAL   193,187.68 100.00%

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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