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 31 Aug, 2015
Sr No. Name of Instrument Net Assets (%)
1
Indoco Remedies Limited
4.65
2
SRF Limited
4.39
3
K.P.R. Mill Limited
4.26
4
DCB Bank Limited
3.94
5
Eveready Industries India Limited
3.62
6
Sharda Cropchem Limited
3.56
7
Solar Industries India Limited
3.00
8
SKS Microfinance Limited
2.94
9
Finolex Cables Limited
2.90
10
Repco Home Finance Limited
2.80

Top 10 Sectors

As on 31 Aug, 2015
Sr No. Industry Net Assets (%)
1
Textile Products
12.80
2
Industrial Products
11.57
3
Chemicals
10.77
4
Finance
9.06
5
Pharmaceuticals
8.07
6
Ferrous Metals
5.79
7
Banks
4.89
8
Construction
4.75
9
Auto Ancillaries
4.51
10
Pesticides
4.42
As on Sep 03, 2015

Fund Manager

As on Aug 31, 2015

Key Scheme Information

Inception 14 June 2007
AUM 2,136.76 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 July 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 9,934.12 4.65%
2 SRF Limited Textile Products 9,390.13 4.39%
3 K.P.R. Mill Limited Textile Products 9,096.52 4.26%
4 DCB Bank Limited Banks 8,409.00 3.94%
5 Eveready Industries India Limited Consumer Non Durables 7,745.04 3.62%
6 Sharda Cropchem Limited Pesticides 7,610.25 3.56%
7 Solar Industries India Limited Chemicals 6,410.23 3.00%
8 SKS Microfinance Limited Finance 6,287.35 2.94%
9 Finolex Cables Limited Industrial Products 6,202.29 2.90%
10 Repco Home Finance Limited Finance 5,976.59 2.80%
11 Aarti Industries Limited Chemicals 5,877.56 2.75%
12 Navin Fluorine International Limited Chemicals 5,749.41 2.69%
13 Kalpataru Power Transmission Limited Power 5,495.77 2.57%
14 Atul Limited Chemicals 4,985.08 2.33%
15 Capital First Limited Finance 4,730.69 2.21%
16 Chambal Fertilizers & Chemicals Limited Fertilisers 4,222.29 1.98%
17 Siti Cable Network Limited Media & Entertainment 4,184.63 1.96%
18 CEAT Limited Auto Ancillaries 4,108.66 1.92%
19 Mayur Uniquoters Ltd Textile Products 4,023.63 1.88%
20 Welspun Corp Limited Ferrous Metals 3,807.19 1.78%
21 Essel Propack Limited Industrial Products 3,777.81 1.77%
22 APL Apollo Tubes Limited Ferrous Metals 3,588.68 1.68%
23 Symphony Limited Consumer Durables 3,534.10 1.65%
24 Astral Poly Technik Limited Industrial Products 3,275.12 1.53%
25 Finolex Industries Limited Industrial Products 3,234.79 1.51%
26 IPCA Laboratories Limited Pharmaceuticals 2,972.25 1.39%
27 WABCO India Limited Auto Ancillaries 2,953.58 1.38%
28 JK Lakshmi Cement Limited Cement 2,912.21 1.36%
29 Kennametal India Ltd. Industrial Capital Goods 2,900.41 1.36%
30 Swaraj Engines Limited Industrial Products 2,838.30 1.33%
31 Siyaram Silk Mills Limited Textile Products 2,718.12 1.27%
32 Cera Sanitaryware Limited Construction 2,634.00 1.23%
33 Maharashtra Seamless Limited Ferrous Metals 2,610.27 1.22%
34 NIIT Technologies Limited Software 2,548.23 1.19%
35 Triveni Turbine Limited Industrial Capital Goods 2,481.50 1.16%
36 8K Miles Software Services Limited Software 2,471.79 1.16%
37 Somany Ceramics Limited Construction 2,457.63 1.15%
38 Aarti Drugs Limited Pharmaceuticals 2,446.18 1.14%
39 Manappuram Finance Limited Finance 2,368.39 1.11%
40 Kewal Kiran Clothing Limited Textile Products 2,128.24 1.00%
41 MBL Infrastructures Limited Construction 2,030.55 0.95%
42 KSB Pumps Limited Industrial Products 1,980.63 0.93%
43 NRB Bearing Limited Industrial Products 1,844.25 0.86%
44 Excel Crop Care Limited Pesticides 1,834.45 0.86%
45 KNR Constructions Limited Construction 1,651.00 0.77%
46 Kirloskar Ferrous Industries Ltd. Ferrous Metals 1,597.23 0.75%
47 Disa India Ltd. Industrial Products 1,580.44 0.74%
48 Suprajit Engineering Limited Auto Ancillaries 1,467.99 0.69%
49 J.Kumar Infraprojects Limited Construction 1,379.43 0.65%
50 Chennai Petroleum Corporation Limited Petroleum Products 1,342.07 0.63%
51 City Union Bank Limited Banks 1,263.75 0.59%
52 Fiem Industries Limited Auto Ancillaries 1,114.58 0.52%
53 Strides Arcolab Limited Pharmaceuticals 1,082.30 0.51%
54 Automobile Corporation of Goa Ltd. Auto 976.86 0.46%
55 Sun Pharma Advanced Research Company Limited Pharmaceuticals 818.12 0.38%
56 Indian Bank Banks 779.42 0.36%
57 Ratnamani Metals & Tubes Limited Ferrous Metals 779.03 0.36%
58 Career Point Limited Diversified Consumer Services 447.67 0.21%
  Total   205,067.80 95.94%
         
  MONEY MARKET INSTRUMENTS      
59 CBLO / Reverse Repo Investments   8,620.19 4.03%
  Total   8,620.19 4.03%
         
  Cash & Cash Equivalent      
  Net Receivables/Payables   -12.30 0.03%
  Total   -12.30 0.03%
  GRAND TOTAL   213,675.69 100.00%

Notes:

  1.  
  2. 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.

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