DSP US Flexible* Equity Fund
An open ended fund of fund scheme investing in BlackRock Global Funds – US Flexible Equity Fund
DSP US Flexible* Equity Fund
An open ended fund of fund scheme investing in BlackRock Global Funds – US Flexible Equity Fund

  • Fund of Fund scheme investing in units of BGF US Flexible* Equity Fund.
  • BGF US Flexible Equity Fund invests globally atleast 70% of its assets in the equity securities of companies domiciled in US or exercising the predominant part of their economic activity in the US.

Fund Manager

Jay Kothari (Dedicated Fund Manager for overseas investments)
Total work experience of 14 years.
Managing this Scheme since March 2013.

Laukik Bagwe (Debt Portion)
Total work experience of 17 years.
Managing this Scheme since August 2012.

Kedar Karnik (Debt Portion)
Total work experience of 13 years.
Managing this Scheme since July 2016.

Inception date

August 03, 2012

Benchmark

Russell 1000 TR Index

NAV AS ON APRIL 30, 2020
Regular Plan  
Growth: ₹ 26.2415
Direct Plan  
Growth: ₹ 27.5268
Total aum

₹ 260 Cr

Monthly average aum

₹ 245 Cr

Month End Expense Ratio
Regular Plan : 2.44%
Direct Plan : 1.81%
(Including TER of 0.77% of the underlying fund)
The investors are bearing the recurring expenses of the Fund, in addition to the expenses of the underlying Fund

^Total TER is inclusive of the weighted average expenses levied by underlying schemes under regulation 52(6)(a) of SEBI (Mutual Funds) Regulations, 1996.
Exit Load

Nil

* The term “Flexible” in the name of the Scheme signifies that the Investment Manager of the Underlying Fund can invest either in growth or value investment characteristic securities placing an emphasis as the market outlook warrants

DSP US Flexible Equity Fund (FOF) as on March 31, 2020% to Net Assets
BlackRock Global Funds - US Flexible Equity Fund (Class I2 USD Shares)^^ 96.12%
TREPS / Reverse Repo Investments / Corporate Debt Repo 4.49%
Net Receivables/Payables -0.61%
TOTAL 100.00%
 
BlackRock Global Funds - US Flexible Equity Fund (Underlying Fund) as on March 31, 2020
Top 10 stocks
Security% to Net Assets
MICROSOFT CORPORATION 6.9%
APPLE INC 5.8%
ALPHABET INC 5.3%
AMAZON.COM INC 3.5%
FACEBOOK INC 3.5%
COMCAST CORPORATION 2.7%
VERIZON COMMUNICATIONS INC 2.6%
CISCO SYSTEMS INC 2.5%
VISA INC 2.5%
ALTRIA GROUP INC 2.3%
Others 60.6%
Cash 1.9%
Total 100.00%
Sector Allocation
Information Technology 22.4%
Consumer Discretionary 16.2%
Communication 14.9%
Health Care 14.6%
Financials 8.2%
Industrials 7.7%
Consumer Staples 7.5%
Energy 3.4%
Materials 1.9%
Utilities 1.5%
Total 98.2%
market Cap Allocation
Large (>$10bn) 87.6%
Mid 10.6%
Small (<$2bn) 0.0%
Total 98.2%

^^Fund domiciled in Luxembourg


Name of Instrument% to Net Assets
OTHERS
Foreign Securities
BlackRock Global Funds - US Flexible Equity Fund (Class I2 USD Shares)^^ 95.64%
Total 95.64%
MONEY MARKET INSTRUMENTS
TREPS / Reverse Repo Investments / Corporate Debt Repo 4.65%
Total 4.65%
Cash & Cash Equivalent
Net Receivables/Payables -0.29%
Total -0.29%
GRAND TOTAL 100.00%

^^Fund domiciled in Luxembourg
*The term “Flexible” in the name of the Scheme signifies that the Investment Manager of the Underlying Fund can invest either in growth or value investment characteristic securities placing an emphasis as the market outlook warrants.


Investment Objective

The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in units of BlackRock Global Funds US Flexible Equity Fund (BGF - USFEF). The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/ or money market/liquid schemes of DSP Mutual Fund, in order to meet liquidity requirements from time to time. However, there is no assurance that the investment objective of the Scheme will be realized. It shall be noted ‘similar overseas mutual fund schemes’ shall have investment objective, investment strategy and risk profile/consideration similar to those of BGF – USFEF.
There is no assurance that the investment objective of the Scheme will be realized.

Product Labelling

This Open Ended Fund of Funds Scheme (Investing In US Equity Fund) is suitable for investors who are seeking^
• Long-term capital growth
• Investment in units of overseas funds which invest primarily in equity and equity related securities of companies domiciled in, or exercising the predominant part of their economic activity in the USA

*The term “Flexible” in the name of the Scheme signifies that the Investment Manager of the Underlying Fund can invest either in Growth or value investment characteristic securities placing an emphasis as the market outlook warrants.

^ Investors should consult their financial advisors if in doubt whether the product is suitable for them.