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 21 years.
Managing this Scheme since June 2010

Resham Jain
Total work experience of 12 years.
Managing this Scheme since March 2018

Jay Kothari (Dedicated Fund Manager for overseas investments)
Total work experience of 16 years.
Managing this Scheme since March 2013.

Inception date

Jun 14, 2007

Benchmark

S&P BSE SmallCap (TRI)

NAV
Regular Plan  
Growth: ₹ 60.770
Direct Plan  
Growth: ₹ 64.037
Total aum

₹ 5,323 Cr

Monthly average aum

₹ 5,329 Cr

Portfolio Turnover Ratio(Last 12 months):

0.17

3 Year Risk Statistics:
Standard Deviation : 28.07%
Beta : 0.97
R-Squared : 97.35%
Sharpe Ratio : -0.19
Month End Expense Ratio
Regular Plan : 1.94%
Direct Plan : 1.06%
Fund Category

Small cap

Tenure

13 Yr 4 Mn

Exit Load

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

Data As On October 31, 2020

Name of Instrument% to Net Assets
EQUITY & EQUITY RELATED
Listed / awaiting listing on the stock exchanges
Industrial Products 11.57
✔ Nilkamal Limited 2.85
Finolex Industries Limited 2.07
Swaraj Engines Limited 1.91
Finolex Cables Limited 1.83
SRF Limited 1.82
Mold-Tek Packaging Limited 0.89
IFGL Refractories Limited 0.17
Mold-Tek Packaging Limited - Rights 0.04
Pharmaceuticals 9.47
✔ IPCA Laboratories Limited 5.92
JB Chemicals & Pharmaceuticals Limited 2.19
Aarti Drugs Limited 1.37
Auto Ancillaries 8.78
✔ Tube Investments of India Limited 3.15
✔ Suprajit Engineering Limited 2.50
Subros Limited 1.25
Varroc Engineering Limited 0.88
Lumax Auto Technologies Limited 0.55
Sandhar Technologies Limited 0.44
Ferrous Metals 8.42
✔ APL Apollo Tubes Limited 3.41
✔ Ratnamani Metals & Tubes Limited 2.93
Kalyani Steels Limited 1.03
Kirloskar Ferrous Industries Ltd. 0.81
Vardhman Special Steels Limited 0.24
Chemicals 7.94
✔ Atul Limited 4.89
Navin Fluorine International Limited 1.43
GHCL Limited 1.42
Plastiblends India Limited 0.20
Consumer Durables 7.33
Sheela Foam Limited 1.87
La Opala RG Limited 1.65
Amber Enterprises India Limited 1.31
TTK Prestige Limited 0.97
Greenlam Industries Limited 0.78
Dixon Technologies (India) Limited 0.74
Textile Products 7.02
✔ Welspun India Limited 2.88
K.P.R. Mill Limited 2.17
Siyaram Silk Mills Limited 0.90
Himatsingka Seide Limited 0.67
S. P. Apparels Limited 0.39
Consumer Non Durables 5.45
VST Industries Limited 2.03
LT Foods Limited 1.29
Triveni Engineering & Industries Limited 1.12
Amrutanjan Health Care Limited 0.68
Dwarikesh Sugar Industries Limited 0.33
Finance 4.71
✔ Manappuram Finance Limited 2.97
Muthoot Capital Services Limited 0.70
Repco Home Finance Limited 0.60
Equitas Holdings Limited 0.44
Construction 4.46
Cera Sanitaryware Limited 2.11
Kajaria Ceramics Limited 1.58
KNR Constructions Limited 0.77
Pesticides 3.54
Dhanuka Agritech Limited 2.20
Sharda Cropchem Limited 1.34
Fertilisers 2.33
✔ Chambal Fertilizers & Chemicals Limited 2.33
Cement 1.98
Prism Johnson Limited 1.21
Star Cement Limited 0.77
Banks 1.54
DCB Bank Limited 1.54
Retailing 1.42
Shoppers Stop Limited 0.78
V-Mart Retail Limited 0.63
Hotels, Resorts And Other Recreational Activities 1.29
Westlife Development Ltd 1.29
Healthcare Services 1.18
Narayana Hrudayalaya Ltd. 1.18
Industrial Capital Goods 1.11
Voltamp Transformers Limited 0.74
Triveni Turbine Limited 0.37
Textiles - Cotton 1.08
Vardhman Textiles Limited 1.08
Media & Entertainment 1.03
INOX Leisure Limited 1.03
Software 0.69
eClerx Services Limited 0.69
Construction Project 0.65
Techno Electric & Engineering Company Limited 0.65
Telecom - Equipment & Accessories 0.64
Sterlite Technologies Limited 0.64
Total 93.61
MONEY MARKET INSTRUMENTS
TREPS / Reverse Repo Investments / Corporate Debt Repo 6.49
Total 6.49
Cash & Cash Equivalent
Net Receivables/Payables -0.10
Total -0.10
GRAND TOTAL 100.00

as on 30th Oct'20

✔ Top Ten Holdings
Classification of % of holdings based on Market Capitalisation: Mid Cap 21.30%, Small-Cap 72.31%. 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: 6.08 L

SIP Returns(In %)
10 yr 5 yr 3 yr SI*
15.175.737.0216.42
*SI - Since inception
Outperformed Benchmark TRI (calendar year) S&P BSE Smallcap TRI
77%

Rolling Return
  10 yr 5 yr 3 yr 1 yr
Minimum (%)10.6 -1.0 -13.1 -68.5
Maximum (%)29.4 35.5 55.4 214.0
Average (%)18.7 20.5 19.7 21.1
% times negative returns-- 0.6 12.9 37.1
% of times returns are in
excess of 7%		100.0 89.7 73.9 52.7
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
Industrial Products
Srikalahasthi Pipes Limited
 
New Position Bought
Stock
Retailing
V-Mart Retail Limited
 
Positions Increased
Consumer Durables
Greenlam Industries Limited
Ferrous Metals
Kalyani Steels Limited
Auto Ancillaries
Lumax Auto Technologies Limited
Consumer Non Durables
Triveni Engineering & Industries Limited
Industrial Products
Nilkamal Limited
Mold-Tek Packaging Limited
Fertilisers
Chambal Fertilizers & Chemicals Limited
Healthcare Services
Narayana Hrudayalaya Ltd.
Textile Products
S. P. Apparels Limited
 
Positions Decreased
Pesticides
Dhanuka Agritech Limited
Ferrous Metals
APL Apollo Tubes Limited
Pharmaceuticals
JB Chemicals & Pharmaceuticals Limited
IPCA Laboratories Limited
Consumer Durables
Amber Enterprises India 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.