DSP BlackRock Focus Fund: Long-term bet for aggressive investors
At 11.30%, the fund's 7-year return mirrors the benchmark index (11.41%) and has marginally outperformed the category average (10.60%).
By ET Bureau | Updated:
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
HOW HAS THE FUND PERFORMED? At 11.30%, the fund's 7-year return mirrors the benchmark index (11.41%) and has marginally outperformed the category average (10.60%).
Growth of Rs 10,000 vis-a-vis category and benchmark BASIC FACTS Date of launch: 10 June 2010 Category: Equity Type: Large cap Average AUM: Rs 2,830.34 CR Benchmark: S&P BSE 200 Total Return Index
WHAT IT COSTS NAVs (As on 10 April 2018) Growth option: Rs 23 Dividend option: Rs 14 Minimum investment: Rs 1,000 Minimum SIP amount: Rs 500
Harish Zaveri and Jay Kothari Tenure: 3 years / 5 years Education: B.com and Diploma of Business Finance / BMS and MBA
WHERE DOES THE FUND INVEST? HOW RISKY IS IT? Wherever not specified, Data as on 31 March 2018. Source: Value Research
Should You Buy? This fund has executed its mandate of running a focused portfolio fairly well over the years. It takes a distinct large-cap tilt, investing at least 75% of its corpus in the segment.
Currently, it has an even heavier exposure to largecaps. The emphasis remains on picking businesses with healthy cash flows, return on equity and earnings visibility. The fund sticks with its focused approach, taking large positions in its top picks that allows meaningful contribution to the fund’s returns.
It is also heavily invested in the financials segment, which makes up around 40% of its portfolio. The fund’s approach may results in bouts of underperformance, evident by its poor showing over the past year. Aggressive investors seeking a focused play on large-caps may find it a worthy long-term bet.
