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
5.21
2
DCB Bank Limited
4.12
3
Symphony Limited
3.21
4
Repco Home Finance Limited
3.09
5
Sharda Cropchem Limited
3.03
6
Capital First Limited
3.01
7
Eveready Industries India Limited
3.01
8
SRF Limited
2.90
9
Solar Industries India Limited
2.71
10
Siti Cable Network Limited
2.50

Top 10 Sectors

As on 28 Feb, 2015
Sr No. Industry Net Assets (%)
1
Industrial Products
11.84
2
Finance
9.91
3
Textile Products
9.49
4
Pharmaceuticals
9.02
5
Chemicals
8.07
6
Auto Ancillaries
5.60
7
Banks
5.36
8
Ferrous Metals
4.28
9
Pesticides
4.11
10
Industrial Capital Goods
3.21
As on Mar 04, 2015

Fund Manager

As on Feb 28, 2015

Key Scheme Information

Inception 14 June 2007
AUM 1,819.16 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 January 31, 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 9,480.59 5.21%
2 DCB Bank Limited Banks 7,503.61 4.12%
3 Symphony Limited Consumer Durables 5,845.34 3.21%
4 Repco Home Finance Limited Finance 5,616.19 3.09%
5 Sharda Cropchem Limited Pesticides 5,510.26 3.03%
6 Eveready Industries India Limited Consumer Non Durables 5,482.78 3.01%
7 Capital First Limited Finance 5,472.80 3.01%
8 SRF Limited Textile Products 5,281.91 2.90%
9 Solar Industries India Limited Chemicals 4,937.01 2.71%
10 Siti Cable Network Limited Media & Entertainment 4,540.61 2.50%
11 Kalpataru Power Transmission Limited Power 4,530.12 2.49%
12 Chambal Fertilizers & Chemicals Limited Fertilisers 4,232.78 2.33%
13 K.P.R. Mill Limited Textile Products 4,194.85 2.31%
14 SKS Microfinance Limited Finance 4,144.71 2.28%
15 Finolex Cables Limited Industrial Products 3,953.65 2.17%
16 Mayur Uniquoters Ltd Textile Products 3,813.90 2.10%
17 Astral Poly Technik Limited Industrial Products 3,348.50 1.84%
18 CEAT Limited Auto Ancillaries 3,270.78 1.80%
19 Navin Fluorine International Limited Chemicals 3,259.43 1.79%
20 Aarti Industries Limited Chemicals 3,256.52 1.79%
21 Atul Limited Chemicals 3,231.11 1.78%
22 Kennametal India Limited Industrial Capital Goods 3,136.57 1.72%
23 JK Lakshmi Cement Limited Cement 3,127.19 1.72%
24 Essel Propack Limited Industrial Products 2,939.79 1.62%
25 APL Apollo Tubes Limited Ferrous Metals 2,922.97 1.61%
26 TVS Motor Company Limited Auto 2,832.40 1.56%
27 Maharashtra Seamless Limited Ferrous Metals 2,784.48 1.53%
28 Manappuram Finance Limited Finance 2,782.75 1.53%
29 IPCA Laboratories Limited Pharmaceuticals 2,636.30 1.45%
30 WABCO India Limited Auto Ancillaries 2,604.44 1.43%
31 Finolex Industries Limited Industrial Products 2,455.99 1.35%
32 Somany Ceramics Limited Construction 2,207.80 1.21%
33 NRB Bearing Limited Industrial Products 2,200.19 1.21%
34 Siyaram Silk Mills Limited Textile Products 2,090.83 1.15%
35 Strides Arcolab Limited Pharmaceuticals 2,076.08 1.14%
36 8K Miles Software Services Limited Software 2,052.16 1.13%
37 Swaraj Engines Limited Industrial Products 1,986.75 1.09%
38 Excel Crop Care Limited Pesticides 1,958.84 1.08%
39 Triveni Turbine Limited Industrial Capital Goods 1,942.55 1.07%
40 Kewal Kiran Clothing Limited Textile Products 1,865.99 1.03%
41 KSB Pumps Limited Industrial Products 1,844.92 1.01%
42 Astra Microwave Products Limited Telecom - Equipment & Accessories 1,824.83 1.00%
43 JK Tyre & Industries Limited Auto Ancillaries 1,813.35 1.00%
44 Kirloskar Ferrous Industries Limited Ferrous Metals 1,787.41 0.98%
45 NIIT Technologies Limited Software 1,756.99 0.97%
46 Disa India Limited Industrial Products 1,603.68 0.88%
47 Suprajit Engineering Limited Auto Ancillaries 1,602.25 0.88%
48 Aarti Drugs Limited Pharmaceuticals 1,565.35 0.86%
49 MBL Infrastructures Limited Construction 1,280.97 0.70%
50 Ador Welding Limited Industrial Products 1,210.48 0.67%
51 City Union Bank Limited Banks 1,166.88 0.64%
52 KNR Constructions Limited Construction 1,135.56 0.62%
53 Indian Bank Banks 1,093.49 0.60%
54 Fiem Industries Limited Auto Ancillaries 897.25 0.49%
55 J.Kumar Infraprojects Limited Construction 893.70 0.49%
56 Action Construction Equipment Limited Industrial Capital Goods 767.84 0.42%
57 Sun Pharma Advanced Research Company Limited Pharmaceuticals 655.26 0.36%
58 Automobile Corporation of Goa Limited Auto 493.51 0.27%
59 Career Point Limited Diversified Consumer Services 460.74 0.25%
60 Ratnamani Metals & Tubes Limited Ferrous Metals 284.46 0.16%
61 Navneet Education Limited Media & Entertainment 172.92 0.10%
  Total   171,823.36 94.45%
         
  MONEY MARKET INSTRUMENTS      
62 CBLO / Reverse Repo Investments   10,268.75 5.64%
  Total   10,268.75 5.64%
         
  Cash & Cash Equivalent      
  Cash Margin   8.00 0.00%
  Net Receivables/Payables   -184.10 -0.09%
  Total   -176.10 -0.09%
  GRAND TOTAL   181,916.01 100.00%

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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