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 28 Feb, 2015
Sr No. Name of Instrument Net Assets (%)
1
Indoco Remedies Limited
4.70
2
DCB Bank Limited
3.94
3
Sharda Cropchem Limited
3.17
4
Capital First Limited
3.11
5
K.P.R. Mill Limited
3.04
6
SRF Limited
3.03
7
Eveready Industries India Limited
3.02
8
Repco Home Finance Limited
2.91
9
Solar Industries India Limited
2.85
10
Symphony Limited
2.85

Top 10 Sectors

As on 28 Feb, 2015
Sr No. Industry Net Assets (%)
1
Industrial Products
12.29
2
Textile Products
10.06
3
Finance
9.93
4
Pharmaceuticals
8.74
5
Chemicals
8.30
6
Auto Ancillaries
5.32
7
Banks
5.21
8
Ferrous Metals
4.38
9
Pesticides
4.18
10
Construction
3.45
As on Mar 30, 2015

Fund Manager

As on Feb 28, 2015

Key Scheme Information

Inception 14 June 2007
AUM 1,837.99 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
2.59%
  • Direct
1.95%
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 February 28, 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 8,643.37 4.70%
2 DCB Bank Limited Banks 7,243.11 3.94%
3 Sharda Cropchem Limited Pesticides 5,830.58 3.17%
4 Capital First Limited Finance 5,715.85 3.11%
5 K.P.R. Mill Limited Textile Products 5,595.46 3.04%
6 SRF Limited Textile Products 5,567.09 3.03%
7 Eveready Industries India Limited Consumer Non Durables 5,555.94 3.02%
8 Repco Home Finance Limited Finance 5,355.01 2.91%
9 Symphony Limited Consumer Durables 5,234.88 2.85%
10 Solar Industries India Limited Chemicals 5,233.25 2.85%
11 Siti Cable Network Limited Media & Entertainment 4,715.50 2.57%
12 Kalpataru Power Transmission Limited Power 4,577.64 2.49%
13 Chambal Fertilizers & Chemicals Limited Fertilisers 4,376.21 2.38%
14 Finolex Cables Limited Industrial Products 4,173.51 2.27%
15 SKS Microfinance Limited Finance 4,155.16 2.26%
16 Astral Poly Technik Limited Industrial Products 3,963.71 2.16%
17 CEAT Limited Auto Ancillaries 3,905.81 2.13%
18 Aarti Industries Limited Chemicals 3,662.70 1.99%
19 Mayur Uniquoters Ltd Textile Products 3,588.14 1.95%
20 Atul Limited Chemicals 3,214.62 1.75%
21 Navin Fluorine International Limited Chemicals 3,134.80 1.71%
22 Kennametal India Limited Industrial Capital Goods 3,106.04 1.69%
23 Manappuram Finance Limited Finance 3,040.09 1.65%
24 Maharashtra Seamless Limited Ferrous Metals 3,011.36 1.64%
25 APL Apollo Tubes Limited Ferrous Metals 2,880.29 1.57%
26 Essel Propack Limited Industrial Products 2,853.18 1.55%
27 JK Lakshmi Cement Limited Cement 2,821.47 1.54%
28 TVS Motor Company Limited Auto 2,745.34 1.49%
29 IPCA Laboratories Limited Pharmaceuticals 2,712.92 1.48%
30 Somany Ceramics Limited Construction 2,573.64 1.40%
31 WABCO India Limited Auto Ancillaries 2,453.26 1.33%
32 Finolex Industries Limited Industrial Products 2,442.89 1.33%
33 NRB Bearing Limited Industrial Products 2,350.48 1.28%
34 Strides Arcolab Limited Pharmaceuticals 2,223.61 1.21%
35 Triveni Turbine Limited Industrial Capital Goods 2,217.70 1.21%
36 8K Miles Software Services Limited Software 2,113.62 1.15%
37 Astra Microwave Products Limited Telecom - Equipment & Accessories 2,062.10 1.12%
38 NIIT Technologies Limited Software 2,052.74 1.12%
39 Disa India Limited Industrial Products 1,977.11 1.08%
40 Siyaram Silk Mills Limited Textile Products 1,974.71 1.07%
41 Swaraj Engines Limited Industrial Products 1,866.02 1.02%
42 Excel Crop Care Limited Pesticides 1,850.62 1.01%
43 KSB Pumps Limited Industrial Products 1,836.76 1.00%
44 Kewal Kiran Clothing Limited Textile Products 1,774.58 0.97%
45 Aarti Drugs Limited Pharmaceuticals 1,657.30 0.90%
46 MBL Infrastructures Limited Construction 1,605.73 0.87%
47 Kirloskar Ferrous Industries Limited Ferrous Metals 1,493.84 0.81%
48 Suprajit Engineering Limited Auto Ancillaries 1,372.61 0.75%
49 City Union Bank Limited Banks 1,243.75 0.68%
50 KNR Constructions Limited Construction 1,117.16 0.61%
51 Fiem Industries Limited Auto Ancillaries 1,111.72 0.60%
52 Ador Welding Limited Industrial Products 1,105.94 0.60%
53 Indian Bank Banks 1,085.25 0.59%
54 J.Kumar Infraprojects Limited Construction 1,042.06 0.57%
55 JK Tyre & Industries Limited Auto Ancillaries 937.03 0.51%
56 Sun Pharma Advanced Research Company Limited Pharmaceuticals 818.22 0.45%
57 Automobile Corporation of Goa Limited Auto 765.64 0.42%
58 Ratnamani Metals & Tubes Limited Ferrous Metals 667.94 0.36%
59 Career Point Limited Diversified Consumer Services 480.06 0.26%
60 Action Construction Equipment Limited Industrial Capital Goods 364.09 0.20%
61 Navneet Education Limited Media & Entertainment 178.13 0.10%
  Total   175,429.34 95.47%
         
  MONEY MARKET INSTRUMENTS      
62 CBLO / Reverse Repo Investments   9,350.20 5.09%
  Total   9,350.20 5.09%
         
  Cash & Cash Equivalent      
  Cash Margin   8.00 0.00%
  Net Receivables/Payables   -988.33 -0.56%
  Total   -980.33 -0.56%
  GRAND TOTAL   183,799.21 100.00%

Notes:

  1.  
  2. *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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