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 Mar, 2014
Sr No. Name of Instrument Net Assets (%)
1
Indoco Remedies Limited
7.70
2
Symphony Limited
5.72
3
NIIT Technologies Limited
4.47
4
WABCO India Limited
3.72
5
Solar Industries India Limited
3.66
6
Siti Cable Network Limited
3.30
7
Bajaj Finance Limited
3.23
8
Disa India Limited
3.22
9
Kennametal India Limited
3.20
10
Tata Coffee Limited
2.90

Top 10 Sectors

As on 31 Mar, 2014
Sr No. Industry Net Assets (%)
1
Pharmaceuticals
13.62
2
Consumer Durables
9.86
3
Textile Products
7.52
4
Consumer Non Durables
6.86
5
Software
6.55
6
Banks
6.53
7
Finance
6.50
8
Industrial Capital Goods
6.21
9
Industrial Products
5.16
10
Chemicals
4.96
As on Apr 22, 2014

Fund Manager

As on Mar 31, 2014

Key Scheme Information

Inception 14 June 2007
AUM 380.81 Cr.
Benchmark S&P BSE Small Cap Index
Plans
  • Regular Plan
  • Direct Plan
Options available under both plans
  • Growth
  • Dividend
    • Payout
    • Reinvest
Min. Investment
  • Regular Plan & Direct Plan
5,000
  • SIP
500 (min 12 installments)
Min. Additional Purchase 1000
Expense Ratio (F.Y beginning to date)
  • Regular
2.78%
  • Direct
2.16%
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, 2014
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 20,84,958 2,931.45 7.70%
2 Symphony Limited INE225D01027 Consumer Durables 2,96,170 2,177.29 5.72%
3 NIIT Technologies Limited INE591G01017 Software 4,23,154 1,703.41 4.47%
4 WABCO India Limited INE342J01019 Auto Ancillaries 69,618 1,416.00 3.72%
5 Solar Industries India Limited INE343H01011 Chemicals 1,57,996 1,394.79 3.66%
6 Siti Cable Network Limited INE965H01011 Media & Entertainment 61,04,155 1,257.46 3.30%
7 Bajaj Finance Limited INE296A01016 Finance 68,697 1,230.36 3.23%
8 Disa India Limited INE131C01011 Industrial Products 36,040 1,225.36 3.22%
9 Kennametal India Limited INE717A01029 Industrial Capital Goods 2,20,879 1,220.36 3.20%
10 Tata Coffee Limited INE493A01019 Consumer Non Durables 1,15,620 1,103.07 2.90%
11 SRF Limited INE647A01010 Textile Products 3,04,800 1,096.06 2.88%
12 Triveni Turbine Limited INE152M01016 Industrial Capital Goods 14,66,500 1,056.61 2.77%
13 Piramal Glass Limited INE748E01018 Consumer Durables 9,30,779 993.14 2.61%
14 Bayer Cropscience Limited INE462A01022 Pesticides 62,274 937.94 2.46%
15 Somany Ceramics Limited INE355A01028 Construction 5,75,497 931.44 2.45%
16 TVS Motor Company Limited INE494B01023 Auto 9,32,682 905.63 2.38%
17 Lovable Lingerie Limited INE597L01014 Textile Products 2,57,724 891.47 2.34%
18 Jubilant Life Sciences Limited INE700A01033 Pharmaceuticals 5,58,875 888.33 2.33%
19 Kalpataru Power Transmission Limited INE220B01022 Power 9,26,471 883.85 2.32%
20 Kewal Kiran Clothing Limited INE401H01017 Textile Products 75,801 875.50 2.30%
21 Excel Crop Care Limited INE223G01017 Pesticides 1,65,682 829.16 2.18%
22 DCB Bank Limited INE503A01015 Banks 12,92,261 791.51 2.08%
23 KPIT Technologies Limited INE836A01035 Software 4,92,006 791.39 2.08%
24 Eveready Industries India Limited INE128A01029 Consumer Non Durables 15,90,908 730.23 1.92%
25 Manappuram Finance Limited INE522D01027 Finance 33,32,145 716.41 1.88%
26 APL Apollo Tubes Limited INE702C01019 Ferrous Metals 3,44,113 673.26 1.77%
27 City Union Bank Limited INE491A01021 Banks 12,50,000 673.12 1.77%
28 ING Vysya Bank Limited INE166A01011 Banks 1,04,253 661.90 1.74%
29 Strides Arcolab Limited INE939A01011 Pharmaceuticals 1,54,679 598.69 1.57%
30 Bajaj Corp Limited INE933K01021 Consumer Non Durables 2,72,000 590.78 1.55%
31 Bajaj Electricals Limited INE193E01025 Consumer Durables 2,00,408 582.39 1.53%
32 Repco Home Finance Limited INE612J01015 Finance 1,59,157 531.11 1.39%
33 Atul Limited INE100A01010 Chemicals 1,14,045 494.67 1.30%
34 Natco Pharma Limited INE987B01018 Pharmaceuticals 60,093 479.87 1.26%
35 Ador Welding Limited INE045A01017 Industrial Products 3,06,945 444.30 1.17%
36 Zuari Agro Chemicals Limited INE840M01016 Fertilisers 2,93,496 375.67 0.99%
37 Indian Bank INE562A01011 Banks 3,11,304 357.53 0.94%
38 Finolex Cables Limited INE235A01022 Industrial Products 2,64,960 293.31 0.77%
39 Sun Pharma Advanced Research Company Limited INE232I01014 Pharmaceuticals 1,99,712 290.88 0.76%
40 Career Point Limited INE521J01018 Diversified Consumer Services 2,70,147 205.58 0.54%
41 Shalimar Paints Limited INE849C01026 Consumer Non Durables 2,55,280 188.01 0.49%
42 Tecpro Systems Limited INE904H01010 Industrial Capital Goods 8,64,899 92.11 0.24%
  Total       36,511.40 95.88%
             
  MONEY MARKET INSTRUMENTS          
  Certificate of Deposit**          
43 Canara Bank INE476A16LC5 CRISIL A1+ 1,000 985.58 2.59%
  Total       985.58 2.59%
             
  CBLO / Reverse Repo Investments       698.98 1.84%
  Total       698.98 1.84%
             
  Cash & Cash Equivalent          
  Net Receivables/Payables       -114.82 -0.31%
  Total       -114.82 -0.31%
  GRAND TOTAL       38,081.14 100.00%

Notes:

  1.  
  2. ** Non Traded / Thinly Traded in accordance with SEBI Regulations

*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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