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
5.24
2
Eveready Industries India Limited
4.16
3
SRF Limited
4.14
4
DCB Bank Limited
4.12
5
Sharda Cropchem Limited
3.53
6
K.P.R. Mill Limited
3.24
7
Solar Industries India Limited
3.03
8
Repco Home Finance Limited
2.78
9
Finolex Cables Limited
2.65
10
Kalpataru Power Transmission Limited
2.63

Top 10 Sectors

As on 30 Jun, 2015
Sr No. Industry Net Assets (%)
1
Textile Products
11.31
2
Industrial Products
10.88
3
Chemicals
9.56
4
Pharmaceuticals
9.36
5
Finance
9.08
6
Banks
5.17
7
Pesticides
4.54
8
Consumer Non Durables
4.16
9
Ferrous Metals
3.98
10
Auto Ancillaries
3.67
As on Jul 28, 2015

Fund Manager

As on Jun 30, 2015

Key Scheme Information

Inception 14 June 2007
AUM 2,009.51 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 < 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 June 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 10,525.59 5.24%
2 Eveready Industries India Limited Consumer Non Durables 8,356.24 4.16%
3 SRF Limited Textile Products 8,320.56 4.14%
4 DCB Bank Limited Banks 8,278.75 4.12%
5 Sharda Cropchem Limited Pesticides 7,090.93 3.53%
6 K.P.R. Mill Limited Textile Products 6,517.76 3.24%
7 Solar Industries India Limited Chemicals 6,097.45 3.03%
8 Repco Home Finance Limited Finance 5,578.99 2.78%
9 Finolex Cables Limited Industrial Products 5,327.05 2.65%
10 Kalpataru Power Transmission Limited Power 5,282.05 2.63%
11 Capital First Limited Finance 5,167.28 2.57%
12 SKS Microfinance Limited Finance 5,043.06 2.51%
13 Aarti Industries Limited Chemicals 4,785.89 2.38%
14 Navin Fluorine International Limited Chemicals 4,346.51 2.16%
15 Symphony Limited Consumer Durables 4,327.84 2.15%
16 Siti Cable Network Limited Media & Entertainment 4,108.22 2.04%
17 Chambal Fertilizers & Chemicals Limited Fertilisers 4,033.39 2.01%
18 Atul Limited Chemicals 3,996.87 1.99%
19 Mayur Uniquoters Ltd Textile Products 3,428.97 1.71%
20 Astral Poly Technik Limited Industrial Products 3,423.58 1.70%
21 Essel Propack Limited Industrial Products 3,172.78 1.58%
22 IPCA Laboratories Limited Pharmaceuticals 3,119.05 1.55%
23 APL Apollo Tubes Limited Ferrous Metals 3,089.19 1.54%
24 JK Lakshmi Cement Limited Cement 2,998.53 1.49%
25 Kennametal India Limited Industrial Capital Goods 2,839.35 1.41%
26 Maharashtra Seamless Limited Ferrous Metals 2,721.25 1.35%
27 Finolex Industries Limited Industrial Products 2,661.07 1.32%
28 8K Miles Software Services Limited Software 2,643.59 1.32%
29 WABCO India Limited Auto Ancillaries 2,604.75 1.30%
30 CEAT Limited Auto Ancillaries 2,579.62 1.28%
31 Somany Ceramics Limited Construction 2,514.71 1.25%
32 Manappuram Finance Limited Finance 2,459.98 1.22%
33 Siyaram Silk Mills Limited Textile Products 2,409.07 1.20%
34 Swaraj Engines Limited Industrial Products 2,285.66 1.14%
35 Strides Arcolab Limited Pharmaceuticals 2,207.45 1.10%
36 Aarti Drugs Limited Pharmaceuticals 2,167.69 1.08%
37 Triveni Turbine Limited Industrial Capital Goods 2,144.32 1.07%
38 NIIT Technologies Limited Software 2,061.04 1.03%
39 Kewal Kiran Clothing Limited Textile Products 2,058.65 1.02%
40 Excel Crop Care Limited Pesticides 2,033.14 1.01%
41 MBL Infrastructures Limited Construction 1,830.50 0.91%
42 NRB Bearing Limited Industrial Products 1,773.47 0.88%
43 KSB Pumps Limited Industrial Products 1,689.04 0.84%
44 Disa India Limited Industrial Products 1,548.09 0.77%
45 KNR Constructions Limited Construction 1,508.23 0.75%
46 Kirloskar Ferrous Industries Limited Ferrous Metals 1,454.36 0.72%
47 J.Kumar Infraprojects Limited Construction 1,310.22 0.65%
48 Suprajit Engineering Limited Auto Ancillaries 1,265.31 0.63%
49 City Union Bank Limited Banks 1,261.88 0.63%
50 Fiem Industries Limited Auto Ancillaries 916.12 0.46%
51 Indian Bank Banks 836.82 0.42%
52 Sun Pharma Advanced Research Company Limited Pharmaceuticals 784.97 0.39%
53 Ratnamani Metals & Tubes Limited Ferrous Metals 744.72 0.37%
54 Automobile Corporation of Goa Limited Auto 714.31 0.36%
55 Career Point Limited Diversified Consumer Services 449.80 0.22%
  Total   182,895.71 91.00%
         
  MONEY MARKET INSTRUMENTS      
56 CBLO / Reverse Repo Investments   18,196.39 9.06%
  Total   18,196.39 9.06%
         
  Cash & Cash Equivalent      
  Net Receivables/Payables   -140.79 -0.06%
  Total   -140.79 -0.06%
  GRAND TOTAL   200,951.31 100.00%

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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