DSPML Micro Cap Fund | Value Research The Indian market has a fair number of large- and mid-cap funds. Now mutual funds are coming out with micro-cap funds. DSP Merrill Lynch has come out with their offering
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DSPML Micro Cap Fund

The DSP Merrill Lynch Micro Cap Fund is a three-year, close-ended equity scheme. It will automatically convert into an open-ended scheme after three years from the date of allotment.

The aim of the fund is to seek long-term capital appreciation by investing in a portfolio that is substantially constitutes of stocks that are not part of the top 300 companies by market capitalisation.

Stocks that are not part of the top 300 companies by market capitalisation will constitute 65%-100% of the portfolio. Stocks that fall in the top 300 category will be allocated 0%-35% of the portfolio. From this entire equity investment universe mentioned, investments in ADRs, GDRs and foreign securities will constitute 0%-25% of the portfolio.

Debt and money market securities will constitute 0%-35% of the portfolio.

Type of scheme: Close-ended equity scheme
Fund opened: May 4, 2007
Fund closes: May 25, 2007
Minimum investment: Rs 10,000
Cost per unit: Rs 10
Entry load: Nil during NFO
Exit load range: 0%-4% (if held for more than 36 months or sold within 12 months from date of allotment)

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