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 30 Jun, 2014
Sr No. Name of Instrument Net Assets (%)
1
Indoco Remedies Limited
4.50
2
Solar Industries India Limited
3.89
3
Symphony Limited
3.59
4
SRF Limited
3.58
5
IDFC Limited
3.50
6
NIIT Technologies Limited
3.32
7
SKS Microfinance Limited
2.79
8
Siti Cable Network Limited
2.73
9
Finolex Cables Limited
2.72
10
WABCO India Limited
2.70

Top 10 Sectors

As on 30 Jun, 2014
Sr No. Industry Net Assets (%)
1
Finance
11.74
2
Pharmaceuticals
8.22
3
Industrial Products
8.19
4
Chemicals
6.50
5
Software
6.32
6
Textile Products
6.14
7
Auto Ancillaries
5.84
8
Banks
5.47
9
Consumer Durables
5.09
10
Industrial Capital Goods
4.27
As on Jul 23, 2014

Fund Manager

As on Jun 30, 2014

Key Scheme Information

Inception 14 June 2007
AUM 567.72 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
2.74%
  • Direct
2.07%
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 June 30, 2014
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 3,826.00 4.50%
2 Solar Industries India Limited Chemicals 3,305.01 3.89%
3 Symphony Limited Consumer Durables 3,047.71 3.59%
4 SRF Limited Textile Products 3,045.87 3.58%
5 IDFC Limited Finance 2,971.18 3.50%
6 NIIT Technologies Limited Software 2,817.15 3.32%
7 SKS Microfinance Limited Finance 2,373.05 2.79%
8 Siti Cable Network Limited Media & Entertainment 2,321.64 2.73%
9 Finolex Cables Limited Industrial Products 2,310.33 2.72%
10 WABCO India Limited Auto Ancillaries 2,295.55 2.70%
11 APL Apollo Tubes Limited Ferrous Metals 1,898.27 2.23%
12 Kennametal India Limited Industrial Capital Goods 1,810.09 2.13%
13 Kalpataru Power Transmission Limited Power 1,810.07 2.13%
14 Capital First Limited Finance 1,742.77 2.05%
15 TVS Motor Company Limited Auto 1,683.00 1.98%
16 Strides Arcolab Limited Pharmaceuticals 1,674.95 1.97%
17 JK Lakshmi Cement Limited Cement 1,642.26 1.93%
18 JK Tyre & Industries Limited Auto Ancillaries 1,598.94 1.88%
19 ING Vysya Bank Limited Banks 1,560.50 1.84%
20 Eveready Industries India Limited Consumer Non Durables 1,526.24 1.80%
21 Firstsource Solutions Limited Software 1,450.81 1.71%
22 Somany Ceramics Limited Construction 1,439.72 1.69%
23 Kirloskar Ferrous Industries Limited Ferrous Metals 1,438.39 1.69%
24 Bajaj Finance Limited Finance 1,378.44 1.62%
25 Kewal Kiran Clothing Limited Textile Products 1,297.04 1.53%
26 Piramal Glass Limited Consumer Durables 1,275.17 1.50%
27 Excel Crop Care Limited Pesticides 1,245.31 1.47%
28 Disa India Limited Industrial Products 1,227.16 1.44%
29 Navin Fluorine International Limited Chemicals 1,182.59 1.39%
30 Jubilant Life Sciences Limited Pharmaceuticals 1,163.30 1.37%
31 KPIT Technologies Limited Software 1,099.78 1.29%
32 Indian Bank Banks 1,082.30 1.27%
33 DCB Bank Limited Banks 1,070.64 1.26%
34 Atul Limited Chemicals 1,036.74 1.22%
35 Triveni Turbine Limited Industrial Capital Goods 967.98 1.14%
36 Ador Welding Limited Industrial Products 944.57 1.11%
37 City Union Bank Limited Banks 938.12 1.10%
38 KSB Pumps Limited Industrial Products 882.95 1.04%
39 Lovable Lingerie Limited Textile Products 878.56 1.03%
40 Finolex Industries Limited Industrial Products 814.53 0.96%
41 Suprajit Engineering Limited Auto Ancillaries 802.56 0.94%
42 MBL Infrastructures Limited Construction 788.70 0.93%
43 Manappuram Finance Limited Finance 784.72 0.92%
44 Bayer Cropscience Limited Pesticides 780.22 0.92%
45 Repco Home Finance Limited Finance 731.57 0.86%
46 KNR Constructions Limited Construction 657.35 0.77%
47 Action Construction Equipment Limited Industrial Capital Goods 652.17 0.77%
48 Essel Propack Limited Industrial Products 455.57 0.54%
49 Automobile Corporation of Goa Limited Auto 385.82 0.45%
50 Career Point Limited Diversified Consumer Services 346.60 0.41%
51 Sun Pharma Advanced Research Company Limited Pharmaceuticals 325.23 0.38%
52 Swaraj Engines Limited Industrial Products 319.78 0.38%
53 Orient Cement Limited Cement 288.30 0.34%
54 Unity Infraprojects Limited Construction 278.40 0.33%
55 CEAT Limited Auto Ancillaries 273.42 0.32%
56 J.Kumar Infraprojects Limited Construction 266.25 0.31%
57 Tecpro Systems Limited Industrial Capital Goods 196.33 0.23%
  Total   76,407.67 89.89%
         
  CBLO / Reverse Repo Investments   10,247.50 12.06%
  Total   10,247.50 12.06%
         
  Cash & Cash Equivalent      
  Net Receivables/Payables   -1,675.29 -1.95%
  Total   -1,675.29 -1.95%
  GRAND TOTAL   84,979.88 100.00%

Notes:

*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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