You are on page 1of 4

Fundcard

DSP BlackRock Micro Cap Fund - Regular Plan

Value Research Fund Rating as on Feb 28, 2017

Open-ended and Equity: Small Cap

Risk Grade Below Average

Return Grade High

NAV Rs. 54.45 as on Mar 10, 2017

Net Assets Rs. 5107.7 crore as on Feb 28, 2017

The contents of this Value Research Fund Card (the "Fund Card") published by Value Research India Private Limited are not intended to serve as professional advice
or guidance and the publisher takes no responsibility or liability, express or implied, whatsoever for any investment decisions made or taken by the readers of this
Fund Card based on its contents thereof. You are strongly advised to verify the contents before taking any investment or other decision based on the contents of this
Fund Card. The Fund Card is meant for general reading purposes only and is not meant to serve as a professional guide for investors. The readers of this Fund Card
should exercise due caution and/or seek independent professional advice before entering into any commercial or business relationship or making any investment deci-
sion or entering into any financial obligation based on any information, statement or opinion which is contained, provided or expressed in this Fund Card.
The Fund Card contains information, statements, opinions, statistics and materials that have been obtained from sources believed to be reliable and the publishers
of the Fund Card have made best efforts to avoid any errors and omissions, however the publishers of this Fund Card make no guarantees and warranties whatso-
ever, express or implied, regarding the timeliness, completeness, accuracy, adequacy, fullness, functionality and/or reliability of the information, statistics, statements,
opinions and materials contained and/or expressed in this Fund Card or of the results obtained, direct or consequential, from the use of such information, statistics,
statements, opinions and materials. The publishers of this Fund Card do not certify and/or endorse any opinions contained, provided, published or expressed in this
Fund Card. All disputes shall be subject to the jurisdiction of Delhi courts only.
DSP BlackRock Micro Cap Fund - Regular Plan
Rating: Fund Performance Vs S&P BSE Small Cap
Risk: Below Average
Return: High

Fund
S&P BSE Small Cap
(Rebased to 10,000)

History 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
NAV (Rs) 15.05 5.52 11.91 17.13 12.48 17.52 18.18 36.69 44.17 49.80 54.45
Total Return (%) - -63.35 115.82 43.86 -27.16 40.47 3.75 101.80 20.37 12.75 9.34
+/- S&P BSE Small Cap - -11.56 40.06 25.91 -2.54 12.77 -3.01 70.41 24.43 9.74 0.19
+/- S&P BSE Sensex - -10.90 34.79 26.43 -2.52 14.77 -5.23 71.91 25.40 10.80 0.63
Rank (Fund/Category) - 7/12 3/14 1/27 18/29 23/33 18/32 5/50 4/36 4/34 30/34
52 Week High (Rs) 15.05 16.60 11.91 18.71 17.30 17.77 18.18 36.69 44.17 54.63 -
52 Week Low (Rs) 9.93 5.07 4.20 11.92 12.36 12.46 13.34 17.37 36.32 35.91 -
Net Assets (Rs.Cr) 503.40 151.45 256.90 454.90 436.70 473.04 344.65 1623.67 2233.01 4115.12 -
Expense Ratio (%) 1.88 2.29 2.27 2.31 2.26 2.28 2.79 2.55 2.43 2.53 -

Top Holdings Quarterly Returns (%)


Company Sector P/E YTD % Assets Q1 Q2 Q3 Q4 Year

Sharda Cropchem Chemicals 23.50 4.84 3.16 2016 -7.39 16.24 7.98 -3.00 12.75
SRF Textiles 22.90 1.56 2.94 2015 8.04 0.67 4.58 5.82 20.37
KPR Mills Textiles 23.30 12.98 2.84 2014 10.21 35.72 16.86 15.45 101.80
DCB Bank Financial 21.10 48.15 2.84 2013 -15.39 0.92 -3.13 25.44 3.75
Atul Chemicals 22.50 4.37 2.76 2012 19.84 1.29 10.41 4.81 40.47
Manappuram Finance Financial 11.80 34.57 2.74
Repco Home Finance Ltd. Financial 22.40 11.59 2.64 Trailing Returns (%)
Aarti Industries Chemicals 21.40 13.31 2.49 Return Rank S&P BSE SIP
Finolex Cables Engineering 21.20 8.17 2.32 Fund Category Fund/Cat Small Cap Return
V-Guard Industries Cons Durable 48.90 50.94 2.29 Year-to-Date 9.34 11.74 30/34 12.94 -
APL Apollo Tubes Metals 71.70 20.43 2.26 3-Month 8.43 9.25 23/34 10.43 38.55
Navin Fluorine International Chemicals 18.50 2.10 2.23 6-Month 6.81 5.33 14/34 5.78 17.41
Dhanuka Agritech Chemicals 31.90 7.67 2.21 1-Year 39.98 34.96 6/34 32.15 24.33
Eveready Industries (I) FMCG 19.30 6.07 2.07 2-Year 17.10 12.53 2/32 9.62 21.70
Thyrocare Technologies Healthcare 51.30 -3.19 2.03 3-Year 41.48 35.13 2/26 26.84 26.01
NIIT Technologies Technology 23.30 -1.51 1.94 5-Year 29.31 25.01 2/12 15.03 33.58
Somany Ceramics Construction 30.20 26.56 1.93 7-Year 22.47 17.51 1/11 6.92 27.47
Cera Sanitaryware Construction 33.50 25.12 1.81 10-Year - - - - -
Finolex Inds. Chemicals 22.00 21.70 1.66 Return less than 1-year are absolute and over 1 year are annualised
Solar Industries Chemicals 48.80 7.62 1.55
Indoco Remedies Healthcare 30.20 0.40 1.54 Top 10 Sector Weights (%) Risk Analysis
Suprajit Eng Automobile 47.40 10.28 1.46 Volatility Measurements
Fund S&P BSE Small
Cap
Chambal Fertilisers & Chemicals 8.90 11.18 1.44
Chemicals 21.35 1.41 Standard Deviation 18.62
Vardhman Textiles Textiles 12.10 23.27 1.40
JB Chemicals & Pharma Healthcare 15.90 -6.95 1.39 Textiles 11.19 - Sharpe Ratio 1.78
Financial 8.80 32.29 Beta 1.05
FUND STYLE Construction 8.45 2.08 R-Squared 0.64
Portfolio Characteristics Investment Style Engineering 6.99 0.45 Alpha 24.84
Growth Blend Value
Total Stocks 80 Healthcare 6.89 5.91
Large Medium Small

Avg Mkt Cap (Rs.Cr) Composition (%)


Capitalisation

3483 Metals 5.83 1.71


Portfolio P/B Ratio 3.31 FMCG 5.46 8.69 Equity 91.73
Portfolio P/E Ratio 22.10 Cons Durable 4.57 - Debt 0.00
3Y Earnings Growth (%) - Services 3.61 1.60 Cash 8.27
Returns as on March 10, 2017, Portfolio related data as on February 28, 2017
Best Performance Value Research Analysis Fund Objective & Strategy
YEAR 213.97%
Small-cap stocks have offered quite a bumpy ride to investors since 2008. The aim of the fund is to seek
But this is a fund which has navigated the ride very well to deliver a long-term capital appreciation
consistent outperformance of the index throughout two market cycles.
by investing in a portfolio that
The consistent show has earned it a four-star rating from 2015, with an
improvement in the ranking from three stars in the earlier years. About is substantially constitutes of
75-85 per cent of its portfolio is invested in small caps, with a 15-20 per stocks that are not part of the
cent mid-cap allocation. The fund's mandate requires 65 per cent of assets top 300 companies by market
to be invested in stocks that are not among the top 300 companies by capitalisation. Focus of the
QUARTER 105.38% market cap, which gives it considerable flexibility in portfolio choices. In
scheme is to deliver superior
practice, the fund has been overweight on small caps relative to the peers
and underweight on both mid- and large-cap holdings. It usually follows long term performance by
a buy-and-hold strategy, giving the small-cap bets enough time to pay selecting stocks of companies
off. In a category that has many funds that chase growth stocks, this fund those are uncorrelated to
doesn't fight shy of buying cyclicals, provided it can see the prospects of
broader markets & not sector
a turnaround and an improving ROCE. This is a rare small-cap fund to
have beaten its benchmark in every one of the last eight years from 2008.
specific.
MONTH It has also stayed ahead of the peers in every year but 2012. This gap
28.61%
has widened of late with five-year and three-year returns beating the
benchmark by double-digit margins. The strong performance has seen
the fund's assets expanding rapidly and the fund has restricted fresh lump-
sum investments. This fund provides a great alternative to directly
investing in the risky micro-cap segment of the market.
Portfolio Manager

Vinit Sambre
Worst Performance Since Jun 2010

YEAR -61.83%

Jay Kothari
Since Mar 2013

QUARTER -43.84%

MONTH -30.96%
Investment Information

AMC : DSP BlackRock Investment Managers Ltd. Min Investment (Rs.) : 1000
Website : www.dspblackrock.com Min SIP Investment (Rs.) : 500
Registrar : Computer Age Management Services Ltd. Exit Load : 1% for redemption within 364 days
Launch : June 2007
Benchmark : S&P BSE Small Cap
All the graphs are rebased to 10,000 Plans (NAV) : Dividend (33.06) , Growth (54.45)

NAV S&P BSE Small Cap


How to Read the Fundcard - Equity

Value Research Rating, Risk and Return


z Fund Rating The Value Research Fund Rating is a 1 to 5 star rating that is based on the returns that an equity fund has generated over the pre-
vious three and five years, while taking into account the risks that the fund has taken. This rating is relative to other fund of the same type.
z Risk Grade A five-step grading of the riskiness of a fund, based on the losses it has suffered during the past five years. This grade is relative to
other fund of the same type.
z Returns Grade A five-step grading of the returns of a fund. This grade is relative to other fund of the same type.

History
Fund Performance Vs Index
Data on the funds performance Sample Mutual Fund
since its launch. Graph of how an investors money
Rating: Fund Performance Vs S&P CNX Nifty
z NAV (Year End) The last Risk: Low 90000
would have grown in the fund since
NAV of each year. Return: Above Average its launch. A similar graph of the
70000
z Total Return The percent- Fund
funds benchmark index is also
age returns that an investor S&P CNX Nifty
50000
given. For ease of comparison,
would have got over the (Rebased to 10,000) 30000 both have been adjusted to start at
year. 10000
10,000.
z +/- In the given year, a History 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

comparison of the funds NAV (Rs) - - - - 10.33 19.71 23.94 33.94 50.13 81.34 41.89
Total Return (%) - - - - - 90.80 21.46 41.77 47.70 62.26 -48.50
returns with that of two stock +/-S&P CNX Nifty (%) - - - - - 18.90 10.78 5.43 7.87 7.49 3.29
market indices +/-BSE 200 (%) - - - - - -3.67 5.77 7.97 8.12 1.82 7.96
Rank (Fund/Category) - - - - - 54/70 50/79 65/101 27/145 71/162 34/192
z Rank The funds perform- 52 Week High (Rs) - - - - 10.33 19.71 23.94 33.94 50.76 81.46 83.52
ance rank within its category 52 Week Low (Rs) - - - - 8.84 9.91 16.36 22.34 32.26 46.06 36.49

for the year and the total Net Assets (Rs.Cr)


Expense Ratio (%)
-
-
-
-
-
-
-
-
51.40
2.49
15.15
2.50
9.11
2.50
140.54
2.50
124.74
2.50
374.84
2.35
343.03
2.31
number of funds out of Top Holdings Quarterly Returns (%) Quarterly Returns (%)
which it has been ranked. Company Sector P/E 2008 Ret % Assets Q1 Q2 Q3 Q4 Year

z 52-Week NAV Range The Bharti Airtel Communication 18.56 -28.10 6.49 2008 -24.24 -14.18 -2.23 -18.97 -48.50 The funds returns over each quar-
highest and the lowest NAV
Reliance Industries
ONGC
Energy
Energy
11.50
8.31
-57.30
-46.00
5.42
4.50
2007
2006
-1.42
19.42
14.53
-7.25
16.01
19.39
23.88
11.70
62.26
47.70
ter of the last five years, along with
that the fund recorded dur- HDFC Bank Financial 20.67 -42.26 3.93 2005 -0.04 6.52 23.26 8.02 41.77 the entire years returns.
HDFC Financial 17.10 -48.21 3.51 2004 0.71 -13.50 15.08 21.15 21.46
ing that year Satyam Computer Services Technology 7.86 -62.12 3.16
Trailing Returns (%)
z Net Assets The total
ITC FMCG 21.00 -18.47 2.72
Axis Bank Financial 10.42 -47.82 2.70 Return Rank S&P SIP
amount of investors assets Infosys Technologies Technology 14.29 -36.79 2.64 Fund Category Fund/Cat CNX Nifty Return
United Spirits FMCG 23.26 -55.48 2.34
that the fund was managing
Year-to-Date -48.50 -55.29 34/192 -51.79 -40.18
ICICI Bank Financial 9.49 -63.62 2.26 3-Month -18.97 -22.88 41/213 -24.53 -0.86
at the end of the year. Dr. Reddy's Lab
State Bank of India
Health Care
Financial
13.61
9.39
-36.12
-45.67
2.19
2.13
6-Month -20.78 -27.09 38/209 -26.76 -33.43
Trailing Returns (%)
1-Year -48.50 -55.29 34/192 -51.79 -40.18
z Expense Ratio The per- Crompton Greaves Engineering 12.29 -65.84 2.12 2-Year -8.59 -16.06 22/158 -13.63 -24.19

centage of the average daily


Indian Oil Energy -- -46.33 1.95 3-Year 7.27 -1.39 12/134 1.42 -9.43 Performance data for various stan-
Cipla Health Care 22.87 -12.09 1.70
assets that the fund charged Sterlite Industries Metals 11.81 -74.80 1.61
5-Year
7-Year
16.27 12.91
- -
19/67
-
9.50
-
9.90
-
dard periods. All returns are in per-
as its management expens-
Reliance Communications
Jindal Steel & Power
Communication
Metals
22.87
7.07
-69.56
-70.31
1.51
1.46
10-Year - - - - - centage. Periods greater than a
Return less than 1-year are absolute and over 1 year are annualised
es during the year. Larsen & Toubro Diversified 17.65 -62.88 1.43
Top 10 Sector Weights (%) Risk Analysis year are annualised, shorter peri-
ods are not.
Zee Entertainment Services 16.01 -57.45 1.41
CESC Energy 6.21 -62.11 1.37 Fund Nifty Volatility Measurements
Tata Consultancy Services Technology 12.79 -55.87 1.36 Financial 16.24 11.90 Standard Deviation 28.32 z Fund The funds own
ING Vysya Bank Financial 8.89 -50.78 1.35 Energy 14.67 37.49
Nestle India FMCG 26.11 -3.14 1.23 Communication 8.00 11.34
Sharpe Ratio
Beta
0.21
0.88
returns.
Top Holdings Portfolio Characteristics FUND STYLE
Technology
FMCG
7.16
6.29
10.95
6.85
R-Squared 0.96 z Category The average
Investment Style
Growth Blend Value Health Care 5.00 2.74
Alpha 4.77
returns for all funds in the cate-
A detailed report on the latest Total Stocks 39
Engineering 4.01 5.26
gory.
Large Medium Small

Avg Mkt Cap (Rs.Cr) 28180 Composition (%)


Capitalisation

investment portfolio that the fund Portfolio P/B Ratio 3.03


Metals 3.07 4.43
Equity 71.37
Services 2.93 0.28
z Rank The funds rank, out of
is holding. For each company, Portfolio P/E Ratio 13.70 Diversified 1.43 2.97 Debt 18.46
3Y Earnings Growth (%) 9.80 Cash 10.17 the total number of funds in the
the sector, the P/E ratio, and the Returns as on 31st December 2008, Portfolio related data as on 30th November 2008
category
years returns are given. Also
z Index The returns of the
stated is the percentage of the
funds benchmark index.
funds investments that are
z SIP Return (Annualised)
invested in that company.
The return that an investor
would have made by investing
in the funds monthly systemat-
Portfolio Characterstics Fund Style Top 10 Sector Composition (%) ic investment plan over the
Weights (%) period.
Aggregate measures regarding A nine-cell matrix of the overall style The proportion of
the funds investments. The mar- of investment that the fund follows, The percentage of the funds holdings
ket capitalisation, P/B ratio and based on its latest portfolio. On the the equity invest- that are held in
P/E ratio are weighted averages vertical axis, the three steps denote ments of the fund each of the three
of the latest numbers of the com- the weighted average market capital- that fall under each basic types of
panies that the fund is invested isation of the funds investments. The sector of the econo- assets. Risk Analysis
in. Three Year Earnings Growth horizontal axis denotes, on a weight- my. The top 15 sec-
is the weighted average of the ed average basis, whether the com- tors for each fund A range of statistical measures that
compounded average growth in panies that the fund has invested in are given. can be used to evaluate the per-
the net profits of each company. are value stocks, growth stocks, or a formance, risk, and return of a
blend of the two. mutual fund.

You might also like