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 Dec, 2014
Sr No. Name of Instrument Net Assets (%)
1
State Bank of India
5.38
2
ICICI Bank Limited
5.21
3
Infosys Limited
4.14
4
HDFC Bank Limited
3.76
5
Larsen & Toubro Limited
3.29
6
Maruti Suzuki India Limited
2.68
7
Tata Motors Limited - A Class
2.52
8
IndusInd Bank Limited
2.50
9
Reliance Industries Limited
2.19
10
Tata Consultancy Services Limited
2.17

Top 10 Sectors

As on 31 Dec, 2014
Sr No. Industry Net Assets (%)
1
Industrial Products
11.30
2
Finance
11.29
3
Textile Products
8.46
4
Pharmaceuticals
8.33
5
Chemicals
5.86
6
Auto Ancillaries
5.84
7
Banks
5.76
8
Ferrous Metals
4.67
9
Pesticides
4.36
10
Software
4.31
As on Jan 30, 2015

Fund Manager

As on Dec 31, 2014

Key Scheme Information

Inception 14 June 2007
AUM 1,764.33 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 December 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 9,080.10 5.15%
2 DCB Bank Limited Banks 7,684.69 4.36%
3 Symphony Limited Consumer Durables 5,737.63 3.25%
4 Repco Home Finance Limited Finance 5,626.25 3.19%
5 Sharda Cropchem Limited Pesticides 5,332.14 3.02%
6 Capital First Limited Finance 4,983.97 2.82%
7 SRF Limited Textile Products 4,867.54 2.76%
8 Eveready Industries India Limited Consumer Non Durables 4,781.81 2.71%
9 Siti Cable Network Limited Media & Entertainment 4,540.61 2.57%
10 Solar Industries India Limited Chemicals 4,293.48 2.43%
11 Chambal Fertilizers & Chemicals Limited Fertilisers 4,250.28 2.41%
12 Kalpataru Power Transmission Limited Power 4,183.89 2.37%
13 Finolex Cables Limited Industrial Products 4,091.65 2.32%
14 SKS Microfinance Limited Finance 3,927.02 2.23%
15 Atul Limited Chemicals 3,859.61 2.19%
16 Mayur Uniquoters Ltd Textile Products 3,488.94 1.98%
17 Astral Poly Technik Limited Industrial Products 3,402.09 1.93%
18 JK Lakshmi Cement Limited Cement 3,276.97 1.86%
19 JK Tyre & Industries Limited Auto Ancillaries 3,246.55 1.84%
20 WABCO India Limited Auto Ancillaries 3,117.32 1.77%
21 IPCA Laboratories Limited Pharmaceuticals 3,101.48 1.76%
22 Manappuram Finance Limited Finance 2,974.66 1.69%
23 Maharashtra Seamless Limited Ferrous Metals 2,960.35 1.68%
24 K.P.R. Mill Limited Textile Products 2,945.38 1.67%
25 KPIT Technologies Limited Software 2,902.03 1.64%
26 Essel Propack Limited Industrial Products 2,824.67 1.60%
27 TVS Motor Company Limited Auto 2,780.32 1.58%
28 APL Apollo Tubes Limited Ferrous Metals 2,776.66 1.57%
29 CEAT Limited Auto Ancillaries 2,559.90 1.45%
30 Bajaj Finance Limited Finance 2,393.37 1.36%
31 Excel Crop Care Limited Pesticides 2,366.10 1.34%
32 Kirloskar Ferrous Industries Limited Ferrous Metals 2,225.75 1.26%
33 Navin Fluorine International Limited Chemicals 2,195.00 1.24%
34 Strides Arcolab Limited Pharmaceuticals 2,137.42 1.21%
35 Kennametal India Limited Industrial Capital Goods 2,114.49 1.20%
36 Triveni Turbine Limited Industrial Capital Goods 2,077.37 1.18%
37 Swaraj Engines Limited Industrial Products 2,039.19 1.16%
38 8K Miles Software Services Limited Software 1,911.63 1.08%
39 NIIT Technologies Limited Software 1,859.05 1.05%
40 Siyaram Silk Mills Limited Textile Products 1,858.28 1.05%
41 Somany Ceramics Limited Construction 1,801.57 1.02%
42 KSB Pumps Limited Industrial Products 1,766.72 1.00%
43 Kewal Kiran Clothing Limited Textile Products 1,757.29 1.00%
44 NRB Bearing Limited Industrial Products 1,659.26 0.94%
45 Astra Microwave Products Limited Telecom - Equipment & Accessories 1,632.53 0.93%
46 Disa India Limited Industrial Products 1,507.28 0.85%
47 Finolex Industries Limited Industrial Products 1,501.10 0.85%
48 Suprajit Engineering Limited Auto Ancillaries 1,375.22 0.78%
49 Indian Bank Banks 1,283.05 0.73%
50 HCL Infosystems Limited Hardware 1,196.98 0.68%
51 MBL Infrastructures Limited Construction 1,190.38 0.67%
52 City Union Bank Limited Banks 1,176.88 0.67%
53 Ador Welding Limited Industrial Products 1,143.96 0.65%
54 Firstsource Solutions Limited Software 956.29 0.54%
55 J.Kumar Infraprojects Limited Construction 954.62 0.54%
56 KNR Constructions Limited Construction 944.05 0.54%
57 Action Construction Equipment Limited Industrial Capital Goods 746.16 0.42%
58 Automobile Corporation of Goa Limited Auto 515.05 0.29%
59 Career Point Limited Diversified Consumer Services 483.04 0.27%
60 Sun Pharma Advanced Research Company Limited Pharmaceuticals 372.76 0.21%
61 Ratnamani Metals & Tubes Limited Ferrous Metals 281.72 0.16%
  Total   167,021.55 94.67%
         
  MONEY MARKET INSTRUMENTS      
62 CBLO / Reverse Repo Investments   10,147.62 5.75%
  Total   10,147.62 5.75%
         
  Cash & Cash Equivalent      
  Cash Margin   8.00 0.00%
  Net Receivables/Payables   -744.21 -0.42%
  Total   -736.21 -0.42%
  GRAND TOTAL   176,432.96 100.00%

Notes:

  1.  
  2. ** Non Traded / Thinly Traded and illiquid securities in accordance with SEBI Regulations
  3. 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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