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 31 Mar, 2015
Sr No. Name of Instrument Net Assets (%)
1
Indoco Remedies Limited
5.52
2
Indoco Remedies Limited
5.52
3
DCB Bank Limited
3.67
4
DCB Bank Limited
3.67
5
Eveready Industries India Limited
3.61
6
Eveready Industries India Limited
3.61
7
Sharda Cropchem Limited
3.50
8
Sharda Cropchem Limited
3.50
9
SRF Limited
3.49
10
SRF Limited
3.49

Top 10 Sectors

As on 31 Mar, 2015
Sr No. Industry Net Assets (%)
1
Industrial Products
12.15
2
Textile Products
10.14
3
Pharmaceuticals
9.89
4
Finance
9.25
5
Chemicals
9.14
6
Auto Ancillaries
4.90
7
Banks
4.83
8
Pesticides
4.42
9
Ferrous Metals
4.18
10
Construction
3.63
As on Apr 24, 2015

Fund Manager

As on Mar 31, 2015

Key Scheme Information

Inception 14 June 2007
AUM 1,921.59 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 March 31, 2015
Sr. No. Name of Instrument ISIN Rating / Industry Quantity Market value (Rs. In lakhs) % to Net Assets
  EQUITY & EQUITY RELATED          
  Listed / awaiting listing on the stock exchanges          
1 Indoco Remedies Limited INE873D01024 Pharmaceuticals 2,913,658 10,599.89 5.52%
2 DCB Bank Limited INE503A01015 Banks 6,353,607 7,049.33 3.67%
3 Eveready Industries India Limited INE128A01029 Consumer Non Durables 2,660,254 6,935.28 3.61%
4 Sharda Cropchem Limited INE221J01015 Pesticides 2,127,174 6,724.00 3.50%
5 SRF Limited INE647A01010 Textile Products 675,233 6,698.31 3.49%
6 Symphony Limited INE225D01027 Consumer Durables 246,614 6,396.92 3.33%
7 Solar Industries India Limited INE343H01011 Chemicals 164,230 5,588.01 2.91%
8 Capital First Limited INE688I01017 Finance 1,357,846 5,423.24 2.82%
9 Repco Home Finance Limited INE612J01015 Finance 811,120 5,178.60 2.69%
10 K.P.R. Mill Limited INE930H01015 Textile Products 1,072,441 5,094.63 2.65%
11 Siti Cable Network Limited INE965H01011 Media & Entertainment 12,954,671 4,819.14 2.51%
12 Chambal Fertilizers & Chemicals Limited INE085A01013 Fertilisers 6,996,338 4,726.03 2.46%
13 Finolex Cables Limited INE235A01022 Industrial Products 1,599,256 4,553.88 2.37%
14 Aarti Industries Limited INE769A01020 Chemicals 1,269,126 4,452.09 2.32%
15 SKS Microfinance Limited INE180K01011 Finance 950,621 4,353.37 2.27%
16 Kalpataru Power Transmission Limited INE220B01022 Power 1,939,678 4,256.62 2.22%
17 CEAT Limited INE482A01020 Auto Ancillaries 521,401 4,194.41 2.18%
18 Astral Poly Technik Limited INE006I01046 Industrial Products 881,118 3,946.09 2.05%
19 Atul Limited INE100A01010 Chemicals 334,410 3,785.52 1.97%
20 Navin Fluorine International Limited INE048G01018 Chemicals 446,712 3,732.50 1.94%
21 Mayur Uniquoters Ltd INE040D01038 Textile Products 813,546 3,703.26 1.93%
22 APL Apollo Tubes Limited INE702C01019 Ferrous Metals 812,839 3,254.61 1.69%
23 Kennametal India Limited INE717A01029 Industrial Capital Goods 359,184 3,231.76 1.68%
24 Essel Propack Limited INE255A01020 Industrial Products 2,439,660 3,048.36 1.59%
25 JK Lakshmi Cement Limited INE786A01032 Cement 820,553 2,944.14 1.53%
26 Strides Arcolab Limited INE939A01011 Pharmaceuticals 243,204 2,871.87 1.49%
27 Manappuram Finance Limited INE522D01027 Finance 8,723,343 2,830.72 1.47%
28 WABCO India Limited INE342J01019 Auto Ancillaries 48,759 2,784.55 1.45%
29 Maharashtra Seamless Limited INE271B01025 Ferrous Metals 1,404,879 2,769.72 1.44%
30 Finolex Industries Limited INE183A01016 Industrial Products 941,175 2,670.11 1.39%
31 Somany Ceramics Limited INE355A01028 Construction 662,967 2,658.17 1.38%
32 IPCA Laboratories Limited INE571A01020 Pharmaceuticals 413,019 2,626.18 1.37%
33 Triveni Turbine Limited INE152M01016 Industrial Capital Goods 1,834,324 2,381.87 1.24%
34 NRB Bearing Limited INE349A01021 Industrial Products 1,665,233 2,190.61 1.14%
35 8K Miles Software Services Limited INE650K01013 Software 303,529 2,159.76 1.12%
36 Kewal Kiran Clothing Limited INE401H01017 Textile Products 97,253 2,067.40 1.08%
37 Astra Microwave Products Limited INE386C01029 Telecom - Equipment & Accessories 1,383,497 2,040.66 1.06%
38 KSB Pumps Limited INE999A01015 Industrial Products 267,321 1,999.29 1.04%
39 Swaraj Engines Limited INE277A01016 Industrial Products 237,997 1,924.09 1.00%
40 Aarti Drugs Limited INE767A01016 Pharmaceuticals 294,243 1,912.43 1.00%
41 Siyaram Silk Mills Limited INE076B01010 Textile Products 217,241 1,909.77 0.99%
42 TVS Motor Company Limited INE494B01023 Auto 712,870 1,880.91 0.98%
43 NIIT Technologies Limited INE591G01017 Software 528,404 1,845.72 0.96%
44 Disa India Limited INE131C01011 Industrial Products 36,763 1,842.93 0.96%
45 MBL Infrastructures Limited INE912H01013 Construction 293,632 1,819.05 0.95%
46 Excel Crop Care Limited INE223G01017 Pesticides 211,367 1,768.72 0.92%
47 Kirloskar Ferrous Industries Limited INE884B01025 Ferrous Metals 2,653,361 1,400.97 0.73%
48 Suprajit Engineering Limited INE399C01030 Auto Ancillaries 1,036,718 1,345.66 0.70%
49 J.Kumar Infraprojects Limited INE576I01014 Construction 186,032 1,270.69 0.66%
50 KNR Constructions Limited INE634I01011 Construction 287,556 1,221.54 0.64%
51 City Union Bank Limited INE491A01021 Banks 1,250,000 1,211.25 0.63%
52 Ador Welding Limited INE045A01017 Industrial Products 543,061 1,176.27 0.61%
53 Fiem Industries Limited INE737H01014 Auto Ancillaries 175,000 1,102.32 0.57%
54 Indian Bank INE562A01011 Banks 588,689 1,021.08 0.53%
55 Sun Pharma Advanced Research Company Limited INE232I01014 Pharmaceuticals 199,712 982.68 0.51%
56 Automobile Corporation of Goa Limited INE451C01013 Auto 175,505 775.21 0.40%
57 Ratnamani Metals & Tubes Limited INE703B01027 Ferrous Metals 90,605 622.64 0.32%
58 Career Point Limited INE521J01018 Diversified Consumer Services 284,144 425.22 0.22%
59 Action Construction Equipment Limited INE731H01025 Industrial Capital Goods 435,627 176.65 0.09%
60 Navneet Education Limited INE060A01024 Media & Entertainment 160,185 159.86 0.08%
  Total       184,536.56 96.02%
             
  MONEY MARKET INSTRUMENTS          
61 CBLO / Reverse Repo Investments       7,800.16 4.06%
  Total       7,800.16 4.06%
             
  Cash & Cash Equivalent          
  Cash Margin       8.00 0.00%
  Net Receivables/Payables       -185.72 -0.08%
  Total       -177.72 -0.08%
  GRAND TOTAL       192,159.00 100.00%

Notes:

  1.  
  2. Net Assets does not include unit activity for the last day of the month
  3. *Less than 0.00%

*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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