DSP BlackRock Micro Cap Fund

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 31 Jul, 2014
Sr No. Name of Instrument Net Assets (%)
1
Indoco Remedies Limited
5.83
2
SRF Limited
3.19
3
Symphony Limited
3.14
4
IDFC Limited
3.06
5
Solar Industries India Limited
3.00
6
Siti Cable Network Limited
2.60
7
Capital First Limited
2.57
8
DCB Bank Limited
2.55
9
SKS Microfinance Limited
2.46
10
Finolex Cables Limited
2.45

Top 10 Sectors

As on 31 Jul, 2014
Sr No. Industry Net Assets (%)
1
Finance
12.59
2
Industrial Products
8.68
3
Pharmaceuticals
7.76
4
Textile Products
6.25
5
Chemicals
6.00
6
Auto Ancillaries
5.82
7
Banks
5.53
8
Consumer Durables
4.31
9
Software
4.23
10
Ferrous Metals
4.06
As on Aug 21, 2014

Fund Manager

As on Jul 31, 2014

Key Scheme Information

Inception 14 June 2007
AUM 1,093.78 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
2.64%
  • Direct
2.01%
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 July 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 6,372.19 5.83%
2 SRF Limited Textile Products 3,490.72 3.19%
3 Symphony Limited Consumer Durables 3,437.92 3.14%
4 IDFC Limited Finance 3,348.36 3.06%
5 Solar Industries India Limited Chemicals 3,279.58 3.00%
6 Siti Cable Network Limited Media & Entertainment 2,840.03 2.60%
7 Capital First Limited Finance 2,810.32 2.57%
8 DCB Bank Limited Banks 2,790.58 2.55%
9 SKS Microfinance Limited Finance 2,690.73 2.46%
10 Finolex Cables Limited Industrial Products 2,684.46 2.45%
11 Repco Home Finance Limited Finance 2,669.83 2.44%
12 Chambal Fertilizers & Chemicals Limited Fertilisers 2,616.96 2.39%
13 JK Lakshmi Cement Limited Cement 2,387.46 2.18%
14 WABCO India Limited Auto Ancillaries 2,335.68 2.14%
15 NIIT Technologies Limited Software 2,201.73 2.01%
16 Eveready Industries India Limited Consumer Non Durables 2,197.34 2.01%
17 JK Tyre & Industries Limited Auto Ancillaries 2,074.55 1.90%
18 APL Apollo Tubes Limited Ferrous Metals 2,022.98 1.85%
19 Excel Crop Care Limited Pesticides 1,880.92 1.72%
20 Atul Limited Chemicals 1,854.96 1.70%
21 Aban Offshore Limited Oil 1,813.47 1.66%
22 Kennametal India Limited Industrial Capital Goods 1,788.34 1.64%
23 Strides Arcolab Limited Pharmaceuticals 1,773.70 1.62%
24 Kalpataru Power Transmission Limited Power 1,562.45 1.43%
25 TVS Motor Company Limited Auto 1,525.57 1.39%
26 Kewal Kiran Clothing Limited Textile Products 1,517.06 1.39%
27 Bajaj Finance Limited Finance 1,506.11 1.38%
28 Astra Microwave Products Limited Telecom - Equipment & Accessories 1,480.65 1.35%
29 ING Vysya Bank Limited Banks 1,463.00 1.34%
30 Firstsource Solutions Limited Software 1,438.21 1.31%
31 Somany Ceramics Limited Construction 1,432.04 1.31%
32 Kirloskar Ferrous Industries Limited Ferrous Metals 1,426.25 1.30%
33 Navin Fluorine International Limited Chemicals 1,424.69 1.30%
34 Essel Propack Limited Industrial Products 1,411.78 1.29%
35 HCL Infosystems Limited Hardware 1,377.80 1.26%
36 Swaraj Engines Limited Industrial Products 1,264.89 1.16%
37 KSB Pumps Limited Industrial Products 1,223.49 1.12%
38 CEAT Limited Auto Ancillaries 1,094.08 1.00%
39 Ador Welding Limited Industrial Products 1,065.45 0.97%
40 Disa India Limited Industrial Products 1,064.62 0.97%
41 Triveni Turbine Limited Industrial Capital Goods 1,025.11 0.94%
42 Maharashtra Seamless Limited Ferrous Metals 997.84 0.91%
43 KPIT Technologies Limited Software 991.36 0.91%
44 Lovable Lingerie Limited Textile Products 934.85 0.85%
45 City Union Bank Limited Banks 920.62 0.84%
46 Indian Bank Banks 874.79 0.80%
47 Bayer Cropscience Limited Pesticides 860.55 0.79%
48 MBL Infrastructures Limited Construction 860.05 0.79%
49 Suprajit Engineering Limited Auto Ancillaries 849.51 0.78%
50 Finolex Industries Limited Industrial Products 788.67 0.72%
51 Manappuram Finance Limited Finance 744.73 0.68%
52 KNR Constructions Limited Construction 678.78 0.62%
53 K.P.R. Mill Limited Textile Products 628.66 0.57%
54 Action Construction Equipment Limited Industrial Capital Goods 617.47 0.56%
55 J.Kumar Infraprojects Limited Construction 596.88 0.55%
56 Automobile Corporation of Goa Limited Auto 371.69 0.34%
57 Sun Pharma Advanced Research Company Limited Pharmaceuticals 339.61 0.31%
58 Career Point Limited Diversified Consumer Services 327.69 0.30%
59 Orient Cement Limited Cement 312.60 0.29%
60 Siyaram Silk Mills Limited Textile Products 278.34 0.25%
61 Unity Infraprojects Limited Construction 216.79 0.20%
62 Tecpro Systems Limited Industrial Capital Goods 160.87 0.15%
  Total   99,018.41 90.53%
         
  Unlisted      
63 Piramal Glass Limited Consumer Durables 1,283.82 1.17%
  Total   1,283.82 1.17%
         
  CBLO / Reverse Repo Investments   11,022.60 10.08%
  Total   11,022.60 10.08%
         
  Cash & Cash Equivalent      
  Net Receivables/Payables   -1,946.57 -1.78%
  Total   -1,946.57 -1.78%
  GRAND TOTAL   109,378.26 100.00%

Notes:

*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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