DSP World Mining Fund
An open ended fund of fund scheme investing in BlackRock Global Funds – World Mining Fund (BGF – WMF)
DSP World Mining Fund
An open ended fund of fund scheme investing in BlackRock Global Funds – World Mining Fund (BGF – WMF)

  • Fund of Fund scheme investing in units of BGF World Mining Fund.
  • BGF World Mining Fund invests in the equity securities of mining and metals companies worldwide predominantly engaged in the production of base metals and industrial minerals.

Fund Manager

Jay Kothari
Total work experience of 14 years.
Managing this scheme since March 2013.

Inception date

Dec 29, 2009

Benchmark

Euromoney Global Mining Constrained Weights Net Total Return Index

NAV AS ON APRIL 30, 2020
Regular Plan  
Growth: ₹ 08.3490
Direct Plan  
Growth: ₹ 08.6859
Total aum

₹ 30 Cr

Monthly average aum

₹ 28 Cr

Month End Expense Ratio
Regular Plan : 2.37%
Direct Plan : 1.92%
(Including TER of 1.03% 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

DSP World Mining Fund (FOF) as on March 31, 2020% to Net Assets
BlackRock Global Funds - World Mining Fund (Class I2 USD Shares)^^ 96.58%
TREPS / Reverse Repo Investments / Corporate Debt Repo 3.27%
Net Receivables/Payables 0.15%
TOTAL 100.00%
 
BlackRock Global Funds - World Mining Fund (Underlying Fund) as on March 31, 2020
Top 10 stocks
Security % to Net Assets
RIO TINTO PLC 9.2%
BHP GROUP PLC 8.4%
NEWMONT CORPORATION 7.7%
ANGLO AMERICAN PLC 6.6%
VALE SA 6.4%
BARRICK GOLD CORP 4.6%
WHEATON PRECIOUS METALS CORP 4.4%
FRANCO NEVADA CORP 4.3%
GMK NORILSKIY NIKEL PAO 3.3%
NORTHERN STAR RESOURCES LTD 2.9%
OTHERS 38.0%
Cash 4.3%
Total 100.00%
Sector Allocation
Diversified 37.1%
Gold 30.3%
Copper 13.5%
Silver 5.6%
Nickel 4.2%
Platinum Group Metals 1.8%
Industrial Minerals 1.3%
Iron 1.2%
Coal 0.4%
Aluminium 0.2%
Steel 0.2%
Total 95.69%
market Cap Allocation
Large (>$10bn) 61.4%
Mid 34.7%
Small (<$1bn) 3.9%
Total 100.00%

^^Fund domiciled in Luxembourg


Name of Instrument% to Net Assets
OTHERS
Foreign Securities
BlackRock Global Funds - World Mining Fund (Class I2 USD Shares)^^ 97.55%
Total 97.55%
MONEY MARKET INSTRUMENTS
TREPS / Reverse Repo Investments / Corporate Debt Repo 2.63%
Total 2.63%
Cash & Cash Equivalent
Net Receivables/Payables -0.18%
Total -0.18%
GRAND TOTAL 100.00%

^^Fund domiciled in Luxembourg


Investment Objective

The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in the units of BlackRock Global Funds – World Mining Fund (BGF-WMF). 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.
There is no assurance that the investment objective of the Scheme will be realised.

Product Labelling

This Open Ended Scheme 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 mining companies

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