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DSP US Flexible* Equity Fund An open ended fund of fund scheme investing in BlackRock Global Funds – US Flexible Equity Fund |
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- 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.
Jay Kothari (Dedicated Fund
Manager for overseas investments)
Total work experience of 16 years.
Managing this Scheme since March
2013.
Laukik Bagwe (Debt Portion)
Total work experience of 18 years.
Managing this Scheme since August
2012.
Kedar Karnik (Debt Portion)
Total work experience of 14 years.
Managing this Scheme since July
2016.
Fund of Funds
August 03, 2012
Russell 1000 TR Index
| Regular Plan | |
| Growth: | ₹ 30.4494 |
| Direct Plan | |
| Growth: | ₹ 32.0638 |
₹ 253 Cr
₹ 260 Cr
| Regular Plan : | 2.51% |
| Direct Plan : | 1.67% |
| (Including TER of 0.76% 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. | |
8 Yr 2 Mn
| Standard Deviation : | 17.43% |
| Beta : | 0.97 |
| Sharpe Ratio : | 0.51 |
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
Data As On October 31, 2020
| DSP US Flexible Equity Fund (FOF) as on September 30, 2020 | % to Net Assets | |
| BlackRock Global Funds - US Flexible Equity Fund (Class I2 USD Shares)^^ | 95.30 | |
| TREPS / Reverse Repo Investments / Corporate Debt Repo | 4.85 | |
| Net Receivables/Payables | -0.15 | |
| TOTAL | 100.00 | |
| BlackRock Global Funds - US Flexible Equity Fund (Underlying Fund) as on September 30, 2020 | ||
| Top 10 stocks | ||
| Security | % to Net Assets | |
| APPLE INC | 7.0 | |
| MICROSOFT CORPORATION | 6.2 | |
| ALPHABET INC | 4.7 | |
| AMAZON.COM INC | 4.4 | |
| FACEBOOK INC | 3.2 | |
| VISA INC | 2.9 | |
| BERKSHIRE HATHAWAY INC | 2.6 | |
| UNITEDHEALTH GROUP INC | 2.6 | |
| COMCAST CORPORATION | 2.5 | |
| DOLLAR TREE INC | 2.1 | |
| OTHERS | 60.5 | |
| Cash | 1.5 | |
| Total | 100.00 | |
| Sector Allocation | ||
| Information Technology | 26.6 | |
| Consumer Discretionary | 14.8 | |
| Communication | 12.5 | |
| Health Care | 12.3 | |
| Financials | 9.9 | |
| Industrials | 9.2 | |
| Consumer Staples | 6.6 | |
| Materials | 3.0 | |
| Energy | 2.4 | |
| Real Estate | 1.0 | |
| Utilities | 0.3 | |
| Total | 98.5 | |
| Market Cap Allocation | ||
| Large (>$10bn) | 89.2 | |
| Mid | 9.4 | |
| Small (<$2bn) | 0.0 | |
| Total | 98.5 | |
as on 30th Oct'20
^^Fund domiciled in Luxembourg
| Name of Instrument | % to Net Assets |
| OTHERS | |
| Foreign Securities | |
| BlackRock Global Funds - US Flexible Equity Fund (Class I2 USD Shares)^^ | 94.41 |
| Total | 94.41 |
| MONEY MARKET INSTRUMENTS | |
| TREPS / Reverse Repo Investments / Corporate Debt Repo | 5.47 |
| Total | 5.47 |
| Cash & Cash Equivalent | |
| Net Receivables/Payables | 0.12 |
| Total | 0.12 |
| GRAND TOTAL | 100.00 |
as on 30th Oct'20
^^Fund domiciled in Luxembourg
| Growth of Rs. 1 L invested at inception: | 3.04 L |
| SIP Returns(In %) | ||||
| 5 yr | 3 yr | SI* | ||
| 13.38 | 13.41 | 12.87 | ||
| Outperformed Benchmark TRI (calendar year) | Russell 1000 TR Index 4% |
| 5 yr | 3 yr | 1 yr | |
| Minimum (%) | 4.1 | 2.2 | -13.7 |
| Maximum (%) | 17.2 | 21.2 | 50.6 |
| Average (%) | 12.2 | 12.3 | 14.4 |
| % times negative returns | -- | -- | 7.9 |
| % of times returns are in excess of 7% | 98.1 | 98.4 | 73.2 |
Mid Cap: 101st -250th company in terms of full market capitalization
Small Cap: 251st company onwards in terms of full market capitalization.
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.
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.