DSP Top 100 Equity Fund
Large Cap Fund- An open ended equity scheme predominantly investing in large cap stocks
DSP Top 100 Equity Fund
Large Cap Fund- An open ended equity scheme predominantly investing in large cap stocks

Fund Manager

Vinit Sambre
Total work experience of 19 years
Managing the Scheme since June 2020

Jay Kothari (Dedicated Fund Manager for overseas investments)
Total work experience of 14 years.
Managing the Scheme from August 2018

Inception date

Mar 10, 2003

Benchmark

S&P BSE 100 (TRI)

NAV AS ON JULY 31, 2020
Regular Plan  
Growth: ₹ 196.493
Direct Plan  
Growth: ₹ 206.389
Total aum

₹2,315 Cr

Monthly average aum

₹ 2,280 Cr

Portfolio Turnover Ratio(Last 12 months):

0.47

3 Year Risk Statistics:
Standard Deviation : 23.76%
Beta : 1.10
R-Squared : 94.93%
Sharpe Ratio : -0.17
Month End Expense Ratio
Regular Plan : 2.13%
Direct Plan : 1.41%
Fund Category

Large Cap

Tenure

17 Yr 4 Mn

Fund Details as on 31 July 2020
AUM as on 31 July 2020 (₹ in Cr) 2,315
Exit Load

Holding Period:
< 12 months: 1%
>= 12 months: Nil

*Vinit Sambre will be managing the scheme from June 2020

Name of Instrument% to Net Assets
EQUITY & EQUITY RELATED
Listed / awaiting listing on the stock exchanges
Banks 19.22
✔ HDFC Bank Limited 9.09
✔ ICICI Bank Limited 6.44
✔ Kotak Mahindra Bank Limited 3.68
Software 13.03
✔ Infosys Limited 5.55
✔ Tata Consultancy Services Limited 5.02
HCL Technologies Limited 2.45
Finance 10.53
SBI Life Insurance Company Limited 2.79
Bajaj Finance Limited 2.41
HDFC Life Insurance Company Limited 2.33
ICICI Lombard General Insurance Company Limited 1.84
ICICI Prudential Life Insurance Company Limited 0.88
Equitas Holdings Limited 0.29
Pharmaceuticals 8.98
✔ Cipla Limited 3.35
✔ Dr. Reddy's Laboratories Limited 3.26
Indoco Remedies Limited 1.25
Jubilant Life Sciences Limited 1.11
Cement 8.42
✔ UltraTech Cement Limited 5.76
Shree Cement Limited 2.66
Auto 8.00
✔ Maruti Suzuki India Limited 4.33
Eicher Motors Limited 3.15
Mahindra & Mahindra Limited 0.52
Consumer Non Durables 6.25
Colgate Palmolive (India) Limited 2.51
Hindustan Unilever Limited 1.87
Britannia Industries Limited 1.87
Petroleum Products 5.57
Reliance Industries Limited 3.06
Bharat Petroleum Corporation Limited 2.28
Reliance Industries Limited - Partly Paid Shares 0.22
Telecom - Services 5.26
✔ Bharti Airtel Limited 5.26
Consumer Durables 2.52
Titan Company Limited 2.52
Construction Project 2.04
Larsen & Toubro Limited 2.04
Retailing 1.69
Avenue Supermarts Limited 1.69
Non - Ferrous Metals 0.96
Hindalco Industries Limited 0.96
Transportation 0.65
Adani Ports and Special Economic Zone Limited 0.65
Total 93.09
MONEY MARKET INSTRUMENTS
TREPS / Reverse Repo Investments / Corporate Debt Repo 6.65
Total 6.65
Cash & Cash Equivalent
Net Receivables/Payables 0.26
Total 0.26
GRAND TOTAL 100.00

✔Top 10 Holdings
Classification of % of holdings based on Market Capitalisation: Large-Cap 90.44%, Mid Cap 1.11%, Small-Cap 1.54%. Large Cap: 1st -100th company in terms of full market capitalization Mid Cap: 101st -250th company in terms of full market capitalization Small Cap: 251st company onwards in terms of full market capitalization


Growth of Rs. 1 L invested at inception: 19.65 L

SIP Returns(In %)
  10 yr5 yr 3 yr SI*
*SI - Since inception6.903.00(0.60)12.39

Outperformed Benchmark TRI (calendar year) S&P BSE 100 TRI
31%

Rolling Return
  10 yr 5 yr 3 yr 1 yr
Minimum4.2 -3.2 -8.0 -47.2
Maximum27.6 50.9 73.6 141.6
Average14.5 15.2 17.3 20.4
% times negative returns-- 0.5 2.8 20.9
% of times returns are in
excess of 7%		96.9 90.1 80.0 66.5
Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns are for Regular Plan - Growth Option Click here for performance in SEBI prescribed format.

Large Cap: 1st -100th company in terms of full market capitalization
Mid Cap: 101st -250th company in terms of full market capitalization
Small Cap: 251st company onwards in terms of full market capitalization.

 
Positions Exited
Ferrous Metals
Tata Steel Limited
Auto Ancillaries
Motherson Sumi Systems Limited
 
Positions Increased
Pharmaceuticals
Cipla Limited
Cement
UltraTech Cement Limited
Auto
Maruti Suzuki India Limited
Software
Tata Consultancy Services Limited
Infosys Limited
Consumer Non Durables
Colgate Palmolive (India) Limited
 
Positions Decreased
Construction Project
Larsen & Toubro Limited
Petroleum Products
Reliance Industries Limited
Finance
Bajaj Finance Limited
Note: The above position change is compared to last month-end data.
Rebalances below 0.05 % are not considered.

Investment Objective

The primary investment objective is to seek to generate long term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of large cap companies. From time to time, the fund manager will also seek participation in other equity and equity related securities to achieve optimal portfolio construction.
There is no assurance that the investment objective of the Scheme will be realized.

Product Labelling

This Open Ended Scheme is suitable for investors who are seeking*
• Long-term capital growth
• Investment in equity and equity-related securities predominantly of large cap companies

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