Background: DSP BlackRock Investment Managers Ltd. (the mutual fund) is a joint venture between DSP and Black Rock. Black Rock is a premier provider of global investment management services to institutional and retail clients around the world managing assets in excess of US$ 1.2. Erstwhile it was known as DSP Merrill lynch. The fund house manages assets worth Rs 14412.73 crore at end of March 2009.
DSP BR India T.I.G.E.R. Fund (G) an open-ended equity scheme launched in April 2004. The objective of the scheme is to generate capital appreciation from a portfolio that is substantially constituted of equity securities of corporates, which could benefit from structural changes brought about by continuing liberalization in economic policies by the government or from continuing investments infrastructure by both public and private sector.
The minimum investment amount is Rs.5000 and in multiples of Rs.1000 thereafter. The unit NAV of the scheme was Rs 27.44 as on 8 April 2009.
Portfolio: The total net assets of the scheme increased by Rs 145.39 crore to Rs 2322.46 crore in March 2009.
DSP BR India T.I.G.E.R. Fund (G) took fresh exposure to only one stock in February 2009. It purchased 14875 units (0.02%) of Alstom Projects India in February 2009.
The scheme exited completely Hindalco Industries from by selling 26.01 lakh units (0.56%), Tata Teleservices (Maharashtra) by selling 14.96 lakh units (0.15%) in February 2009.
Sector-wise, the scheme took no fresh exposure to any sector in February 2009.
Sector-Wise, the scheme exited completely from Aluminium and Aluminium Products at 0.56% in February 2009.
The scheme had highest exposure to Reliance Industries with 7.73 lakh units (4.50% of Portfolio) followed State Bank of India by with 7.66 lakh units (3.62%), Larsen & Toubro with 11.82 lakh units (3.32%) and Oil & Natural Gas Corporation with 8.78 lakh units (2.79%) among others in February 2009.
It reduced its exposure to State Bank of India by selling 42502 units to 7.66 lakh units (by 0.49%), Axis Bank by selling 2.15 lakh units to 2.35 lakh units (by 0.48%), Housing Development Finance Corporation by selling 40881 units to 1.69 lakh units (by 0.44%) and ICICI Bank by selling 1.37 lakh units to 5.44 lakh units (by 0.43%) among others in February 2009.
Sector-wise, the scheme had highest exposure to Refineries at 9.77% (from 9.69% in January 2009), followed by Oil Drilling/Allied Services at 4.50% (4.16%), Power Generation And Supply at 4.40% (4.24%) and Telecommunications-Service Provider at 4.25% (4.17%) among others in February 2009.
Sector wise, the scheme had reduced exposure to Banks-Public Sector to 4.13% (by 0.56%), Finance-Housing to 0.99% (by 0.44%), Diversified-Mega to 0.63% (by 0.43%) and Construction to 3.53% (by 0.38%) among others in February 2009.
Performance: The scheme outperformed the category average over all time periods. It underperformed the Sensex over most of the time periods except over 6 months period.
Over three-month period ended as on 8 April 2009, the scheme posted returns of 9.95% outperforming the category average, which declined by 2.43%. It underperformed the Sensex, which posted returns of 12.05% during the same period.
Since inception, the scheme posted returns of 174.43% outperforming the category average of 78.61%.
DSP BR India T.I.G.E.R. Fund (G) an open-ended equity scheme launched in April 2004. The objective of the scheme is to generate capital appreciation from a portfolio that is substantially constituted of equity securities of corporates, which could benefit from structural changes brought about by continuing liberalization in economic policies by the government or from continuing investments infrastructure by both public and private sector.
The minimum investment amount is Rs.5000 and in multiples of Rs.1000 thereafter. The unit NAV of the scheme was Rs 27.44 as on 8 April 2009.
Portfolio: The total net assets of the scheme increased by Rs 145.39 crore to Rs 2322.46 crore in March 2009.
DSP BR India T.I.G.E.R. Fund (G) took fresh exposure to only one stock in February 2009. It purchased 14875 units (0.02%) of Alstom Projects India in February 2009.
The scheme exited completely Hindalco Industries from by selling 26.01 lakh units (0.56%), Tata Teleservices (Maharashtra) by selling 14.96 lakh units (0.15%) in February 2009.
Sector-wise, the scheme took no fresh exposure to any sector in February 2009.
Sector-Wise, the scheme exited completely from Aluminium and Aluminium Products at 0.56% in February 2009.
The scheme had highest exposure to Reliance Industries with 7.73 lakh units (4.50% of Portfolio) followed State Bank of India by with 7.66 lakh units (3.62%), Larsen & Toubro with 11.82 lakh units (3.32%) and Oil & Natural Gas Corporation with 8.78 lakh units (2.79%) among others in February 2009.
It reduced its exposure to State Bank of India by selling 42502 units to 7.66 lakh units (by 0.49%), Axis Bank by selling 2.15 lakh units to 2.35 lakh units (by 0.48%), Housing Development Finance Corporation by selling 40881 units to 1.69 lakh units (by 0.44%) and ICICI Bank by selling 1.37 lakh units to 5.44 lakh units (by 0.43%) among others in February 2009.
Sector-wise, the scheme had highest exposure to Refineries at 9.77% (from 9.69% in January 2009), followed by Oil Drilling/Allied Services at 4.50% (4.16%), Power Generation And Supply at 4.40% (4.24%) and Telecommunications-Service Provider at 4.25% (4.17%) among others in February 2009.
Sector wise, the scheme had reduced exposure to Banks-Public Sector to 4.13% (by 0.56%), Finance-Housing to 0.99% (by 0.44%), Diversified-Mega to 0.63% (by 0.43%) and Construction to 3.53% (by 0.38%) among others in February 2009.
Performance: The scheme outperformed the category average over all time periods. It underperformed the Sensex over most of the time periods except over 6 months period.
Over three-month period ended as on 8 April 2009, the scheme posted returns of 9.95% outperforming the category average, which declined by 2.43%. It underperformed the Sensex, which posted returns of 12.05% during the same period.
Since inception, the scheme posted returns of 174.43% outperforming the category average of 78.61%.
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