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 15945.02 crore at end of April 2009.
DSP BR Equity Fund (G) is an open-ended growth scheme seeking to generate long-term capital appreciation, from a portfolio which is substantially constituted of equity and equity related securities of issuers domiciled India.
The scheme may also invest a certain portion of its corpus in debt and money market securities, in order to meet liquidity requirements from time to time. The minimum investment amount is Rs.5000 and in multiples of Rs.1000 thereafter. The unit NAV of the scheme was Rs 8.86 per unit as on 7 May 2009.
Portfolio: The total net assets of the scheme increased by Rs 90.18 crore to Rs 958.39 crore in April 2009.
DSP BlackRock Equity Fund (G) took fresh exposure to seventeen stocks in April 2009. The scheme has purchased 15.89 lakh units (2.30%) of Jaiprakash Associates, 72751 lakh units (1.88%) of Educomp Solutions, 9.20 lakh units (1.48%) of Power Finance Corporation and 6.17 lakh units (1.23%) of NTPC among others.
The scheme exited completely from Larsen & Toubro by selling 2.02 lakh units (1.57%), HDFC Bank by selling 1.10 lakh units (1.24%), Cairn India by selling 5.38 lakh units (1.14%) and Maruti Suzuki India by selling 1.06 lakh units (0.96%) in April 2009.
Sector-wise, the scheme took fresh exposure in Computers–Education at 1.88%, Finance-Term-Lending Institutions at 1.68%, Electric Equipment at 0.68% and Pumps at 0.52% among others in April 2009.
Sector-wise, the scheme exited completely from Engineering-Turnkey Services at 1.57%, Oil Drilling/Allied Services at 1.14%, Automobiles-Passenger Cars at 0.96% and Hotels at 0.55% in April 2009.
The scheme had highest exposure to Bharti Airtel with 6.86 lakh units (5.36% of portfolio size) followed by Infosys Technologies with 3.08 lakh units (4.86%), Glaxosmithkline Pharma with 3.67 lakh units (4.50%) and State Bank of India with 2.82 lakh units (3.77%) among others in April 2009.
It reduced its exposure from Hindustan Unilever by selling 11.11 lakh units to 7.15 lakh units (by 3.25%), Hindustan Petroleum Corporation by selling 3.45 lakh units to 4.43 lakh units (1.18%), Tata Consultancy Services by selling 1.63 lakh units to 3.26 lakh units (0.91%) and Balrampur Chini Mills by selling 9.76 lakh units to 5.81 lakh units (0.53%) among others in April 2009.
Sector-wise, the scheme had highest exposure to Computers-Software–Large at 8.59% (from 8.22% in March 2009), followed by Refineries at 7.61% (9.38%), Food-Processing–MNC at 6.14% (6.36%) and Telecommunications-Service Provider at 5.90% (5.37%) among others in April 2009.
Sector wise, the scheme had reduced exposure from Personal Care–Multinational to 1.75% (by 3.25%), Refineries to 7.61% (by 1.77%), Textiles–Products to 0.86% (by 0.74%) and Entertainment/Electronic Media Software to 1.15% (by 0.57%) among others in April 2009.
Performance: The scheme underperformed the Sensex over most of the time periods.
Over three-month period ended as on 7 May 2009, the scheme posted returns of 18.72% underperforming the Sensex, which posted returns of 30.28%. Over 6 months period, the scheme posted returns of 13.41% underperforming the Sensex, which gained 21.60%.
Over 1 year period, the scheme posted negative returns of 27.54% outperforming the Sensex that fell 30.12%.
DSP BR Equity Fund (G) is an open-ended growth scheme seeking to generate long-term capital appreciation, from a portfolio which is substantially constituted of equity and equity related securities of issuers domiciled India.
The scheme may also invest a certain portion of its corpus in debt and money market securities, in order to meet liquidity requirements from time to time. The minimum investment amount is Rs.5000 and in multiples of Rs.1000 thereafter. The unit NAV of the scheme was Rs 8.86 per unit as on 7 May 2009.
Portfolio: The total net assets of the scheme increased by Rs 90.18 crore to Rs 958.39 crore in April 2009.
DSP BlackRock Equity Fund (G) took fresh exposure to seventeen stocks in April 2009. The scheme has purchased 15.89 lakh units (2.30%) of Jaiprakash Associates, 72751 lakh units (1.88%) of Educomp Solutions, 9.20 lakh units (1.48%) of Power Finance Corporation and 6.17 lakh units (1.23%) of NTPC among others.
The scheme exited completely from Larsen & Toubro by selling 2.02 lakh units (1.57%), HDFC Bank by selling 1.10 lakh units (1.24%), Cairn India by selling 5.38 lakh units (1.14%) and Maruti Suzuki India by selling 1.06 lakh units (0.96%) in April 2009.
Sector-wise, the scheme took fresh exposure in Computers–Education at 1.88%, Finance-Term-Lending Institutions at 1.68%, Electric Equipment at 0.68% and Pumps at 0.52% among others in April 2009.
Sector-wise, the scheme exited completely from Engineering-Turnkey Services at 1.57%, Oil Drilling/Allied Services at 1.14%, Automobiles-Passenger Cars at 0.96% and Hotels at 0.55% in April 2009.
The scheme had highest exposure to Bharti Airtel with 6.86 lakh units (5.36% of portfolio size) followed by Infosys Technologies with 3.08 lakh units (4.86%), Glaxosmithkline Pharma with 3.67 lakh units (4.50%) and State Bank of India with 2.82 lakh units (3.77%) among others in April 2009.
It reduced its exposure from Hindustan Unilever by selling 11.11 lakh units to 7.15 lakh units (by 3.25%), Hindustan Petroleum Corporation by selling 3.45 lakh units to 4.43 lakh units (1.18%), Tata Consultancy Services by selling 1.63 lakh units to 3.26 lakh units (0.91%) and Balrampur Chini Mills by selling 9.76 lakh units to 5.81 lakh units (0.53%) among others in April 2009.
Sector-wise, the scheme had highest exposure to Computers-Software–Large at 8.59% (from 8.22% in March 2009), followed by Refineries at 7.61% (9.38%), Food-Processing–MNC at 6.14% (6.36%) and Telecommunications-Service Provider at 5.90% (5.37%) among others in April 2009.
Sector wise, the scheme had reduced exposure from Personal Care–Multinational to 1.75% (by 3.25%), Refineries to 7.61% (by 1.77%), Textiles–Products to 0.86% (by 0.74%) and Entertainment/Electronic Media Software to 1.15% (by 0.57%) among others in April 2009.
Performance: The scheme underperformed the Sensex over most of the time periods.
Over three-month period ended as on 7 May 2009, the scheme posted returns of 18.72% underperforming the Sensex, which posted returns of 30.28%. Over 6 months period, the scheme posted returns of 13.41% underperforming the Sensex, which gained 21.60%.
Over 1 year period, the scheme posted negative returns of 27.54% outperforming the Sensex that fell 30.12%.
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