DSP Top 100 Equity Fund(G)-Direct Plan

Performance

DSP BlackRock Mutual Fund is one of the largest asset management firms in India and is a joint venture between the DSP Group and BlackRock. The DSP Group is one of the oldest financial services firms in the country while BlackRock is the largest investment firm in the world. DSP BlackRock Mutual Fund offers around 32 schemes across various asset categories of equity, debt, hybrid, solutions, and Fund of Funds (FoFs).

The DSP BlackRock Top 100 Equity Fund - Direct Plan - Growth is an open-ended equity scheme that invests in equities of firms with large market capitalisation. The direct plan offers lower expense ratio to investors as there are no distribution costs involved. The growth option of the plan provides capital gains to the investor at the end of the investment period.

Investment Objective

To produce capital appreciation for the investor over a long term through investment in a portfolio that significantly comprises equity and its related securities of large cap firms.

Key Features of the scheme

The DSP BlackRock Top 100 Equity Fund is ideal for investors who wish to grow their capital by investing in stocks of large cap firms and exhibits the below-given features:

Investment amount for DSP BlackRock Top 100 Equity Fund

Asset Allocation for DSP BlackRock Top 100 Equity Fund

Who can invest in DSP BlackRock Top 100 Equity Fund

Investments in DSP BlackRock Top 100 Equity Fund can be made by the below-mentioned persons/entities:

• Resident Indians aged above 18, either singly or jointly (cannot exceed 3 individuals)
• Hindu Undivided Families through Karta
• Minors through a legal guardian or parent
• Scientific and Industrial Research Organisations
• Corporate bodies and companies registered in India
• Persons of Indian Origin (PIO)/Non-Resident Indians (NRIs), on repatriation or non-repatriation basis
• Regional Rural Banks, Co-operative Banks, other banks and financial institutions
• Limited Liability Partnerships and Partnership firms
• Association of Persons or Body of Individuals
• Proprietorship in the name of the sole proprietor
• SEBI registered Foreign Portfolio Investors
• Religious and Charitable Trusts, Wakfs or endowments of private trusts
• Air Force, Army, Navy, and other paramilitary funds
• Universities and educational institutions
• RBI and Government of India approved International Multilateral Agencies
• SEBI (Securities and Exchange Board of India) registered mutual fund schemes
• Pensions/Gratuity/Provident Fund to a permissible extent
• AMC/Trustee or Sponsor or their associates

NAV Disclosure and Benchmark for DSP BlackRock Top 100 Equity Fund

The Net Asset Value (NAV) for the DSP BlackRock Top 100 Equity Fund is calculated by dividing the net assets of the scheme by the number of units that are outstanding on the date of valuation. The fund house will calculate the NAV of the scheme at the end of every business day and will round it off to 3 decimal places.

The details of the portfolio will be sent for publication to newspapers before 1 month of each half-year. The website of the DSP BlackRock Mutual Fund (www.dspblackrock.com) will also display the full portfolio of the scheme. The monthly portfolio can also be downloaded from the same site on or before the tenth day of the succeeding month.

Liquidity: Redemption proceeds will be dispatched within 3 business days from the redemption request acceptance date.

Benchmark Index: S&P BSE 100 Index

Fund Manager

Mr. Harrish Zaveri and Mr. Jay Kothari

The DSP BlackRock Top 100 Equity Fund is managed by Mr. Harrish Zaveri and Mr. Jay Kothari. Mr. Harrish Zaveri joined DSP Investment Managers in the year 2011 and at the moment heads the equity research desk at DSP BlackRock. He has more than 2 decades of experience in the equity domain across sectors like Pharma, FMCG, Media, and Retail and Hospitality. Apart from the DSP BlackRock Top 100 Equity Fund, Mr. Zaveri also manages the DSP Focus Fund.

Mr. Jay Kothari has been associated with DSP Investment Managers since May 2005 and has been managing investments since January 2011. He is a dedicated fund manager for overseas investments for the funds - DSP World Energy Fund, DSP Midcap Fund, DSP Regular Savings Fund, DSP Small Cap Fund, DSP World Gold Fund, DSP World Agriculture Fund, etc.

Investment Restrictions on DSP BlackRock Top 100 Equity Fund

The following investment restrictions apply to the subscription for DSP BlackRock Top 100 Equity Fund as per the regulations laid down by the Securities and Exchange Board of India (SEBI):

• The scheme is not allowed to make investments in - any unlisted security of a group company or associate of the sponsor, any security issued by private placement, and any listed securities of sponsor’s group company which is more than 25% of the net assets.
• The scheme is not allowed to invest above 10% of its NAV in debt securities that have been issued by a single issuer and rated above the investment grade by a credit rating agency. This limitation will not be applicable to investments in treasury bills, government securities, and CBLO (Collateralised Borrowing and Lending Obligation).
• The mutual fund cannot own above 10% of any firm’s paid-up capital carrying voting rights.
• No scheme is allowed to invest above 5% of its NAV in unlisted securities/equity shares/venture capital fund units/equity related securities.
• The scheme is not permitted to invest in any Fund of Funds (FoFs) scheme.
• The scheme cannot advance term loans for any purpose but can borrow to fulfil its liquidity requirements. The fund, however, cannot borrow above 20% of the net assets and the duration of the borrowing cannot exceed more than 6 months.
• The cumulative gross exposure of the scheme cannot exceed 100% of the net assets through debt, equity, and derivatives position.
• The scheme cannot invest above 10% of its NAV in equity and its related securities of any firm or listed securities or venture capital fund units.
• All the investment restrictions shall apply at the time of making investments.

Other Facilities offered by the DSP BlackRock Top 100 Equity Fund

The DSP BlackRock Top 100 Equity Fund offers the below facilities for the benefit of its unitholders:

• Systematic Investment Plan (SIP)
• Systematic Withdrawal Plan (SWP)
• Systematic Transfer Plan (STP)
• Switching
• Personal Identification Number (PIN)
• Pledge of Units for Loans
• Dividend Transfer Plan
• My Target Value Savings Account Facility
• One Time Mandate (OTM) facility

Why you should invest in DSP BlackRock Top 100 Equity Fund

• The DSP BlackRock Top 100 Equity Fund has been maintaining a steady track record of optimal returns over a long term since its commencement in 2003.
• Since the DSP BlackRock Top 100 Equity Fund invests in a portfolio constituting of large-cap, blue-chip stocks of top-listed firms in terms of market capitalisation, it has a high potential of fetching optimal returns on your investment.
• You can invest in the units of the DSP BlackRock Top 100 Equity Fund for as low as Rs.500 through an SIP and Rs.1,000 for lump sum. Investing small gives investors an opportunity to invest small and at regular intervals.
• The ‘My Target Value Savings Account Facility’ offered by the DSP BlackRock Top 100 Equity Fund allows investors to define a Target Value and invest in a different scheme of the same mutual fund either through lump sum or SIP in a unique account known as the ‘My Target Value Savings Account Facility’ that has been created for the purpose.
• The firms in which the DSP BlackRock Top 100 Equity Fund invests in are leaders in their industry segments and due to this, the fund has been rated highly by independent analysts.

GST rate of 18% applicable for all financial services effective July 1, 2017.