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 May, 2016
Sr No. Name of Instrument Net Assets (%)
1
Sharda Cropchem Limited
4.58
2
SRF Limited
4.34
3
K.P.R. Mill Limited
4.20
4
Navin Fluorine International Limited
3.36
5
Finolex Cables Limited
3.12
6
Eveready Industries India Limited
2.93
7
Atul Limited
2.80
8
APL Apollo Tubes Limited
2.68
9
Aarti Industries Limited
2.63
10
Cera Sanitaryware Limited
2.58

Top 10 Sectors

As on 31 May, 2016
Sr No. Industry Net Assets (%)
1
Industrial Products
12.03
2
Textile Products
11.50
3
Chemicals
10.65
4
Construction
6.61
5
Ferrous Metals
6.05
6
Software
5.60
7
Pesticides
5.49
8
Finance
5.32
9
Industrial Capital Goods
5.01
10
Pharmaceuticals
4.68
As on Jun 29, 2016

Fund Manager

As on May 31, 2016

Key Scheme Information

Inception 14 June 2007
AUM 2,776.61 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 May 31, 2016
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 Sharda Cropchem Limited Pesticides 12,729.21 4.58%
2 SRF Limited Textile Products 12,037.68 4.34%
3 K.P.R. Mill Limited Textile Products 11,653.14 4.20%
4 Navin Fluorine International Limited Chemicals 9,332.92 3.36%
5 Finolex Cables Limited Industrial Products 8,663.37 3.12%
6 Eveready Industries India Limited Consumer Non Durables 8,134.77 2.93%
7 Atul Limited Chemicals 7,784.34 2.80%
8 APL Apollo Tubes Limited Ferrous Metals 7,450.29 2.68%
9 Aarti Industries Limited Chemicals 7,306.15 2.63%
10 Cera Sanitaryware Limited Construction 7,170.87 2.58%
11 V-Guard Industries Limited Industrial Capital Goods 6,901.25 2.49%
12 Thyrocare Technologies Limited Healthcare Services 6,747.84 2.43%
13 DCB Bank Limited Banks 6,642.97 2.39%
14 NIIT Technologies Limited Software 6,523.98 2.35%
15 Manappuram Finance Limited Finance 6,516.09 2.35%
16 Indoco Remedies Limited Pharmaceuticals 6,216.81 2.24%
17 Repco Home Finance Limited Finance 5,969.23 2.15%
18 Finolex Industries Limited Industrial Products 5,843.24 2.10%
19 Somany Ceramics Limited Construction 5,407.03 1.95%
20 Symphony Limited Consumer Durables 5,174.25 1.86%
21 Solar Industries India Limited Chemicals 5,172.92 1.86%
22 Majesco Limited Software 4,694.72 1.69%
23 Siti Cable Network Limited Media & Entertainment 4,437.35 1.60%
24 Chambal Fertilizers & Chemicals Limited Fertilisers 4,345.81 1.57%
25 8K Miles Software Services Limited Software 4,322.03 1.56%
26 Suprajit Engineering Limited Auto Ancillaries 4,320.74 1.56%
27 Swaraj Engines Limited Industrial Products 4,291.45 1.55%
28 Kalpataru Power Transmission Limited Power 4,271.69 1.54%
29 Mayur Uniquoters Ltd Textile Products 4,079.57 1.47%
30 Essel Propack Limited Industrial Products 3,573.74 1.29%
31 Astral Poly Technik Limited Industrial Products 3,458.70 1.25%
32 IPCA Laboratories Limited Pharmaceuticals 3,380.45 1.22%
33 JK Lakshmi Cement Limited Cement 3,299.16 1.19%
34 Fiem Industries Limited Auto Ancillaries 3,177.41 1.14%
35 IFB Industries Limited Consumer Durables 3,079.04 1.11%
36 Ratnamani Metals & Tubes Limited Ferrous Metals 2,966.78 1.07%
37 Aarti Drugs Limited Pharmaceuticals 2,803.15 1.01%
38 WABCO India Limited Auto Ancillaries 2,782.02 1.00%
39 Welspun Corp Limited Ferrous Metals 2,766.32 1.00%
40 Excel Crop Care Limited Pesticides 2,513.68 0.91%
41 Kennametal India Ltd. Industrial Capital Goods 2,460.41 0.89%
42 Siyaram Silk Mills Limited Textile Products 2,398.15 0.86%
43 KSB Pumps Limited Industrial Products 2,379.66 0.86%
44 Skipper Limited Industrial Capital Goods 2,279.57 0.82%
45 Capital First Limited Finance 2,265.65 0.82%
46 Triveni Turbine Limited Industrial Capital Goods 2,240.07 0.81%
47 CEAT Limited Auto Ancillaries 2,131.20 0.77%
48 Maharashtra Seamless Limited Ferrous Metals 2,069.29 0.75%
49 Ashiana Housing Limited Construction 2,061.99 0.74%
50 NRB Bearing Limited Industrial Products 1,927.07 0.69%
51 Sterlite Technologies Limited Industrial Products 1,877.44 0.68%
52 Kewal Kiran Clothing Limited Textile Products 1,748.85 0.63%
53 Techno Electric & Engineering Company Limited Construction Project 1,550.64 0.56%
54 KNR Constructions Limited Construction 1,539.86 0.55%
55 Kirloskar Ferrous Industries Ltd. Ferrous Metals 1,518.62 0.55%
56 Disa India Ltd. Industrial Products 1,373.23 0.49%
57 MBL Infrastructures Limited Construction 1,288.95 0.46%
58 J.Kumar Infraprojects Limited Construction 910.44 0.33%
59 Automobile Corporation of Goa Ltd. Auto 683.13 0.25%
60 Sun Pharma Advanced Research Company Limited Pharmaceuticals 587.36 0.21%
61 Career Point Limited Diversified Consumer Services 311.00 0.11%
  Total   263,544.74 94.95%
         
  MONEY MARKET INSTRUMENTS      
62 CBLO / Reverse Repo Investments   13,725.00 4.94%
  Total   13,725.00 4.94%
         
  Cash & Cash Equivalent      
  Net Receivables/Payables   391.34 0.11%
  Total   391.34 0.11%
  GRAND TOTAL   277,661.08 100.00%

Notes:

  1.  
  2. Net Assets does not include unit activity for the last day of the month
  3. 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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