DSP BlackRock Micro Cap Fund leads MF scheme last week
Bangalore: In the week ended December 26, the close ended DSP BlackRock Micro Cap Fund emerged as the top MF scheme with a growth of 4.45 percent. The current net asset value (NAV) of scheme is 
11.54 and it holds 41 stocks in its portfolio. As on November 30, 2009, the fund size of the scheme is 248.51 crore. Fund managers of the scheme are Apoorva Shah and Aniruddha Naha. Some of the key holdings of the fund are Jay Shree Tea and Industries, Sterlite Optical Technologies, Hindustan Dorr-Oliver, Dhampur Sugar Mills and McNally Bharat Engineering.
The primary investment objective of this scheme is to generate long term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities, which are not part of the top 300 companies by market capitalization. From time to time, the Investment Manager will also seek participation in other equity and equity related securities to achieve optimal portfolio construction. This shall be the fundamental attribute of the scheme. According to mutualfundsindia.com, other funds which followed DSP BlackRock Micro Cap Fund JM Basic Fund, JM Core 11 Fund and HSBC Small Cap Fund with a growth of 3.88, 3.38 and 3.38 percent respectively.
The year 2009 proved to be crucial as well as tough for mutual fund industry. Of the top five fund houses, only AMC reported a growth in earnings, the remaining fund houses either dealt with a drop in earnings or reported losses. All of which points to a new wave of consolidation in the mutual fund space either via buyouts or portfolio consolidation.
11.54 and it holds 41 stocks in its portfolio. As on November 30, 2009, the fund size of the scheme is 248.51 crore. Fund managers of the scheme are Apoorva Shah and Aniruddha Naha. Some of the key holdings of the fund are Jay Shree Tea and Industries, Sterlite Optical Technologies, Hindustan Dorr-Oliver, Dhampur Sugar Mills and McNally Bharat Engineering.
The primary investment objective of this scheme is to generate long term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities, which are not part of the top 300 companies by market capitalization. From time to time, the Investment Manager will also seek participation in other equity and equity related securities to achieve optimal portfolio construction. This shall be the fundamental attribute of the scheme. According to mutualfundsindia.com, other funds which followed DSP BlackRock Micro Cap Fund JM Basic Fund, JM Core 11 Fund and HSBC Small Cap Fund with a growth of 3.88, 3.38 and 3.38 percent respectively.
The year 2009 proved to be crucial as well as tough for mutual fund industry. Of the top five fund houses, only AMC reported a growth in earnings, the remaining fund houses either dealt with a drop in earnings or reported losses. All of which points to a new wave of consolidation in the mutual fund space either via buyouts or portfolio consolidation.