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*   Riskometer
 
  • Long-term capital growth
  • Investment in equity and equity-related securities in micro cap companies (beyond top 300 companies by market capitalization)
 

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 30 Apr, 2016
Sr No. Name of Instrument Net Assets (%)
1
K.P.R. Mill Limited
4.23
2
SRF Limited
3.76
3
Eveready Industries India Limited
3.40
4
Sharda Cropchem Limited
3.27
5
Navin Fluorine International Limited
3.23
6
Aarti Industries Limited
3.08
7
Capital First Limited
2.99
8
Finolex Cables Limited
2.94
9
Atul Limited
2.86
10
Indoco Remedies Limited
2.55

Top 10 Sectors

As on 30 Apr, 2016
Sr No. Industry Net Assets (%)
1
Industrial Products
12.15
2
Chemicals
11.58
3
Textile Products
11.32
4
Finance
6.98
5
Software
6.20
6
Ferrous Metals
6.08
7
Pharmaceuticals
5.52
8
Auto Ancillaries
5.35
9
Construction
5.35
10
Pesticides
4.35
As on May 03, 2016

Fund Manager

As on Apr 30, 2016

Key Scheme Information

Inception 14 June 2007
AUM 2,351.75 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
2.41%
  • Direct
1.71%

Exit Load

Holding period from the date of allotment:

  • Less than 12 months: 1%
  • Greater than or equal to 12 months: 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, 2016
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 K.P.R. Mill Limited INE930H01015 Textile Products 1,195,439 9,947.85 4.23%
2 SRF Limited INE647A01010 Textile Products 675,233 8,835.09 3.76%
3 Eveready Industries India Limited INE128A01029 Consumer Non Durables 3,436,017 7,985.30 3.40%
4 Sharda Cropchem Limited INE221J01015 Pesticides 3,268,827 7,681.74 3.27%
5 Navin Fluorine International Limited INE048G01018 Chemicals 450,018 7,599.45 3.23%
6 Aarti Industries Limited INE769A01020 Chemicals 1,406,788 7,251.29 3.08%
7 Capital First Limited INE688I01017 Finance 1,631,397 7,040.29 2.99%
8 Finolex Cables Limited INE235A01022 Industrial Products 2,457,695 6,911.04 2.94%
9 Atul Limited INE100A01010 Chemicals 437,855 6,718.01 2.86%
10 Indoco Remedies Limited INE873D01024 Pharmaceuticals 2,063,658 5,994.93 2.55%
11 Solar Industries India Limited INE343H01011 Chemicals 164,230 5,679.07 2.41%
12 APL Apollo Tubes Limited INE702C01019 Ferrous Metals 844,225 5,665.17 2.41%
13 NIIT Technologies Limited INE591G01017 Software 1,125,816 5,591.93 2.38%
14 Finolex Industries Limited INE183A01016 Industrial Products 1,506,185 5,484.77 2.33%
15 DCB Bank Limited INE503A01015 Banks 6,544,456 5,186.48 2.21%
16 Repco Home Finance Limited INE612J01015 Finance 886,761 5,135.68 2.18%
17 8K Miles Software Services Limited INE650K01013 Software 255,356 5,102.65 2.17%
18 Symphony Limited INE225D01027 Consumer Durables 212,264 5,048.81 2.15%
19 Somany Ceramics Limited INE355A01028 Construction 1,150,799 4,497.90 1.91%
20 Manappuram Finance Limited INE522D01027 Finance 12,145,551 4,250.94 1.81%
21 Siti Cable Network Limited INE965H01011 Media & Entertainment 11,754,575 4,167.00 1.77%
22 Majesco Limited INE898S01029 Software 683,514 3,885.78 1.65%
23 Mayur Uniquoters Ltd INE040D01038 Textile Products 990,789 3,833.86 1.63%
24 IPCA Laboratories Limited INE571A01020 Pharmaceuticals 634,434 3,693.36 1.57%
25 Kalpataru Power Transmission Limited INE220B01022 Power 1,796,338 3,684.29 1.57%
26 Astral Poly Technik Limited INE006I01046 Industrial Products 881,118 3,629.33 1.54%
27 Chambal Fertilizers & Chemicals Limited INE085A01013 Fertilisers 6,599,566 3,623.16 1.54%
28 Fiem Industries Limited INE737H01014 Auto Ancillaries 383,537 3,516.27 1.50%
29 Welspun Corp Limited INE191B01025 Ferrous Metals 3,537,494 3,491.51 1.48%
30 Suprajit Engineering Limited INE399C01030 Auto Ancillaries 2,663,011 3,488.54 1.48%
31 JK Lakshmi Cement Limited INE786A01032 Cement 973,346 3,306.46 1.41%
32 WABCO India Limited INE342J01019 Auto Ancillaries 48,759 3,046.41 1.30%
33 Swaraj Engines Limited INE277A01016 Industrial Products 323,300 2,769.39 1.18%
34 Ratnamani Metals & Tubes Limited INE703B01027 Ferrous Metals 592,898 2,749.56 1.17%
35 Aarti Drugs Limited INE767A01016 Pharmaceuticals 604,644 2,734.50 1.16%
36 Essel Propack Limited INE255A01020 Industrial Products 1,670,153 2,666.40 1.13%
37 Excel Crop Care Limited INE223G01017 Pesticides 211,367 2,549.51 1.08%
38 IFB Industries Limited INE559A01017 Consumer Durables 799,919 2,542.94 1.08%
39 CEAT Limited INE482A01020 Auto Ancillaries 230,649 2,506.35 1.07%
40 Cera Sanitaryware Limited INE739E01017 Construction 133,426 2,441.56 1.04%
41 Kennametal India Ltd. INE717A01029 Industrial Capital Goods 359,184 2,395.76 1.02%
42 Siyaram Silk Mills Limited INE076B01010 Textile Products 233,611 2,286.00 0.97%
43 KSB Pumps Limited INE999A01015 Industrial Products 333,893 2,115.05 0.90%
44 NRB Bearing Limited INE349A01021 Industrial Products 1,678,629 2,089.05 0.89%
45 Skipper Limited INE439E01022 Industrial Capital Goods 1,553,372 2,069.87 0.88%
46 Triveni Turbine Limited INE152M01016 Industrial Capital Goods 1,983,616 1,897.33 0.81%
47 Kewal Kiran Clothing Limited INE401H01017 Textile Products 97,253 1,715.15 0.73%
48 Ashiana Housing Limited INE365D01021 Construction 1,267,744 1,649.97 0.70%
49 MBL Infrastructures Limited INE912H01013 Construction 1,027,202 1,567.00 0.67%
50 Techno Electric & Engineering Company Limited INE286K01024 Construction Project 285,833 1,556.50 0.66%
51 Sterlite Technologies Limited INE089C01029 Industrial Products 1,685,950 1,524.94 0.65%
52 KNR Constructions Limited INE634I01011 Construction 277,252 1,412.32 0.60%
53 Disa India Ltd. INE131C01011 Industrial Products 36,763 1,398.10 0.59%
54 Maharashtra Seamless Limited INE271B01025 Ferrous Metals 881,862 1,267.68 0.54%
55 Kirloskar Ferrous Industries Ltd. INE884B01025 Ferrous Metals 2,499,787 1,124.90 0.48%
56 J.Kumar Infraprojects Limited INE576I01022 Construction 372,064 1,022.25 0.43%
57 Automobile Corporation of Goa Ltd. INE451C01013 Auto 152,723 644.03 0.27%
58 Sun Pharma Advanced Research Company Limited INE232I01014 Pharmaceuticals 199,712 573.17 0.24%
59 Career Point Limited INE521J01018 Diversified Consumer Services 284,144 311.42 0.13%
60 Sun Pharma Advanced Research Company Limited - Rights INE232I0101R Pharmaceuticals 8,608 3.62 0.00%
  Total       220,558.68 93.78%
             
  MONEY MARKET INSTRUMENTS          
61 CBLO / Reverse Repo Investments       15,815.08 6.72%
  Total       15,815.08 6.72%
             
  Cash & Cash Equivalent          
  Net Receivables/Payables       -1,199.20 -0.50%
  Total       -1,199.20 -0.50%
  GRAND TOTAL       235,174.56 100.00%

Notes:

  1.  
  2. Net Assets does not include unit activity for the last day of the month
  3. * Less than 0.01%
  4. Market value includes accrued interest
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

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