DSP Small Cap Fund
Small Cap Fund- An open ended equity scheme predominantly investing in small cap stocks
DSP Small Cap Fund
Small Cap Fund- An open ended equity scheme predominantly investing in small cap stocks

Fund Manager

Vinit Sambre
Total work experience of 19 years.
Managing this Scheme since June 2010

Resham Jain
Total work experience of 9 years.
Managing this Scheme since March 2018

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

Inception date

Jun 14, 2007

Benchmark

S&P BSE SmallCap (TRI)

NAV AS ON JUNE 30, 2020
Regular Plan  
Growth: ₹ 48.812
Direct Plan  
Growth: ₹ 51.287
Total aum

₹ 4,442 Cr

Monthly average aum

₹ 4,310 Cr

Portfolio Turnover Ratio(Last 12 months):

0.14

3 Year Risk Statistics:
Standard Deviation : 27.24%
Beta : 0.94
R-Squared : 96.41%
Sharpe Ratio : -0.40
Month End Expense Ratio
Regular Plan : 2.03%
Direct Plan : 1.11%
Fund Category

Small cap

Tenure

13 Yr

Fund Details as on 30 June 2020
AUM as on 30 June 2020(₹ in Cr) 4,442
Exit Load

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

Name of Instrument% to Net Assets
EQUITY & EQUITY RELATED
Listed / awaiting listing on the stock exchanges
Industrial Products 12.67
✔ Nilkamal Limited 2.72
Swaraj Engines Limited 2.34
Finolex Cables Limited 2.25
Finolex Industries Limited 2.14
SRF Limited 1.78
Mold-Tek Packaging Limited 0.82
Srikalahasthi Pipes Limited 0.43
IFGL Refractories Limited 0.19
Pharmaceuticals 12.28
✔ IPCA Laboratories Limited 6.74
✔ JB Chemicals & Pharmaceuticals Limited 3.09
✔ Aarti Drugs Limited 2.46
Chemicals 8.46
✔ Atul Limited 5.25
Navin Fluorine International Limited 1.51
GHCL Limited 1.49
Plastiblends India Limited 0.20
Arti Surfactants Limited^ 0.01
Auto Ancillaries 7.22
✔ Tube Investments of India Limited 2.56
Suprajit Engineering Limited 2.10
Subros Limited 0.91
Varroc Engineering Limited 0.67
Lumax Auto Technologies Limited 0.51
Sandhar Technologies Limited 0.47
Ferrous metals 7.08
✔ APL Apollo Tubes Limited 2.83
✔ Ratnamani Metals & Tubes Limited 2.68
Kirloskar Ferrous Industries Ltd. 0.69
Kalyani Steels Limited 0.62
Vardhman Special Steels Limited 0.25
Consumer Durables 6.62
La Opala RG Limited 1.82
Sheela Foam Limited 1.71
Amber Enterprises India Limited 1.29
TTK Prestige Limited 0.79
Dixon Technologies (India) Limited 0.55
Greenlam Industries Limited 0.45
Finance 5.32
✔ Manappuram Finance Limited 3.47
Muthoot Capital Services Limited 0.84
Equitas Holdings Limited 0.55
Repco Home Finance Limited 0.46
Textile Products 5.13
Welspun India Limited 1.75
K.P.R. Mill Limited 1.71
Siyaram Silk Mills Limited 1.06
Himatsingka Seide Limited 0.39
S. P. Apparels Limited 0.22
Consumer Non Durables 4.71
VST Industries Limited 1.50
LT Foods Limited 1.21
Triveni Engineering & Industries Limited 0.96
Amrutanjan Health Care Limited 0.69
Dwarikesh Sugar Industries Limited 0.36
Construction 4.18
Cera Sanitaryware Limited 2.11
Kajaria Ceramics Limited 1.30
KNR Constructions Limited 0.77
Pesticides 4.12
✔ Dhanuka Agritech Limited 2.58
Sharda Cropchem Limited 1.55
Cement 1.82
Star Cement Limited 0.96
Prism Johnson Limited 0.86
Banks 1.81
DCB Bank Limited 1.81
Fertilisers 1.76
Chambal Fertilizers & Chemicals Limited 1.76
Industrial Capital Goods 1.42
Voltamp Transformers Limited 0.98
Triveni Turbine Limited 0.44
Hotels, Resorts And Other Recreational Activities 1.12
Westlife Development Ltd 1.12
Textiles - Cotton 1.11
Vardhman Textiles Limited 1.11
Media & Entertainment 1.10
INOX Leisure Limited 1.10
Healthcare Services 0.92
Narayana Hrudayalaya Ltd. 0.92
Retailing 0.92
Shoppers Stop Limited 0.92
Construction Project 0.78
Techno Electric & Engineering Company Limited 0.78
Telecom - Equipment & Accessories 0.54
Sterlite Technologies Limited 0.54
Software 0.53
eClerx Services Limited 0.53
Total 91.63
MONEY MARKET INSTRUMENTS
TREPS / Reverse Repo Investments / Corporate Debt Repo 8.58
Total 8.58
Cash & Cash Equivalent
Net Receivables/Payables -0.21
Total -0.21
GRAND TOTAL 100.00

✔ Top Ten Holdings
^ Pending Listing
Classification of % of holdings based on Market Capitalisation: Large-Cap 0.00%, Mid Cap 18.54%, Small-Cap 73.08%.
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
With effect from April 1, 2020, all lumpsum investments/subscriptions including all systematic investments in units of the Scheme is accepted


Growth of Rs. 1 L invested at inception: 4.88 L

SIP Returns(In %)
  10 yr 5 yr 3 yr SI*
*SI - Since inception11.77(2.11) (7.89)14.13

Outperformed Benchmark TRI (calendar year) S&P BSE Smallcap TRI
75%

Rolling Return
  10 yr 5 yr 3 yr 1 yr
Minimum10.6 -1.0-13.1 -68.5
Maximum29.4 35.555.4 214.0
Average19.4 21.120.4 21.3
% times negative returns-- 0.7 10.5 37.7
% of times returns are in
excess of 7%		100.0 91.3 76.5 52.1
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
Power
Kalpataru Power Transmission Limited
Media & Entertainment
UFO Moviez India Limited
Auto Ancillaries
Fiem Industries Limited
Chemicals
Oriental Carbon & Chemicals Limited
 
Positions Increased
Consumer Durables
Greenlam Industries Limited
Auto Ancillaries
Suprajit Engineering Limited
Cement
Prism Johnson 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 small 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 Equity Scheme is suitable for investors who are seeking*
• Long-term capital growth
• Investment in equity and equity-related securities predominantly of small cap companies (beyond top 250 companies by market capitalization)

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