DSP US Flexible Equity Fund

This is an International Fund of Funds Thematic, US Companies fund with Russell 1000 TRI INR as its benchmark. The risk level for this fund is categorized as Very High Risk.

Total AUM

₹705.07 crores as of Apr 30, 2022

Age of Fund

9 years 9 months since Aug 03, 2012

Expense Ratio

2.42% as of May 23, 2022 (this includes expense of underlying funds)

Exit Load

Nil

Ideal holding period

Long-term Horizon

Holdings

as of February 28, 2022

MICROSOFT CORPORATION

6.50%

ALPHABET INC

5.70%

AMAZON.COM INC

5.10%

APPLE INC

4.50%

CORTEVA INC

3.10%

UNITEDHEALTH GROUP INC

2.90%

VISA INC

2.60%

See detailed holdings

Rolling Returns

Bars show distribution of returns in given range for selected time period.

View performance details

Things to know before you invest

This fund invests in some of the largest & well-known US companies, including some of the biggest tech companies in the world.
It does this by investing in BGF - US Flexible Equity Fund.
It looks for attractive opportunities at reasonable valuations and focuses on companies that are durable, profitable, well-priced (value companies) & generate free cash flow.

Offers the potential to grow your wealth from investing in the world's largest & most developed equity market.
Get access to well known, large companies that are difficult to invest in directly for Indian investors, like Google, Amazon, Facebook, Comcast, Berkshire Hathaway etc.
Reduce portfolio volatility by investing in a foreign market that has low correlation to the Indian stock market & may thrive even when Indian stocks fluctuate.
Get the additional benefit of currency diversification.

Consider this fund if you
- Are an experienced Indian investor with a well-set core portfolio, looking to diversify no more than 10-15% of your portfolio internationally.
- Value international diversification especially in US companies & want to hedge your bets.
- Have the patience and mental resilience to remain invested for a decade or more .
- Do not chase the highest possible returns at all times.

This fund carries Very High Risk.
Expect short term return fluctuations, esp. during periods of global market ups & downs.

Fund managers:

Laukik Bagwe

Managing this fund since August 2012.

See funds managed by him

Managing this fund since August 2012.

See funds managed by him

Kedar Karnik

Managing this fund since July 2016.

See funds managed by him

Managing this fund since July 2016.

See funds managed by him

Jay Kothari

Managing this fund since March 2013.

See funds managed by him

Managing this fund since March 2013.

See funds managed by him

Laukik is Fund Manager with the Fixed Income Investment team of DSP Investment managers. He joined the firm in November 2007 as a Fixed Income Dealer. From November 2003 to October 2007, Laukik worked with Derivium Capital & Securities Pvt. Ltd. as the Head of Fixed Income Trading-SLR & NONSLR Broking. From June 2000 to October 2003, he worked with Birla Sunlife Securities Ltd. as a Manager-SLR & NONSLR Broking.
He brings with him a total work experience of 11 years in debt broking and is currently the fund manager for the following schemes of DSP Mutual Fund.

Sr. No.	Period	1 Year	3 Years	5 Years
Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement Different plans shall have a different expense structure. The performance details provided herein are of regular plan. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Sr. No.

Period

1 Year

3 Years

5 Years

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of regular plan.

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Kedar joined DSP Investment Managers from Axis Asset Management and has over 10 years of investment experience. He has done his Masters in Management Studies from Jamnalal Bajaj Institute of Management Studies. He has over a decade of investment experience. He has previously worked with HSBC Asset Management and CRISIL Ltd.

Note:
Mr. Kedar Karnik is managing DSP Arbitrage Fund with effect from June 16, 2020.

Sr. No.	Period	1 Year	3 Years	5 Years
Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement Different plans shall have a different expense structure. The performance details provided herein are of regular plan. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Sr. No.

Period

1 Year

3 Years

5 Years

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of regular plan.

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Jay Kothari, Vice President & Product Strategist -Jay has been with DSP Investment Managers since May 2005, and has been with the Investment function since January 2011. Jay joined the firm as a member of the Sales team (Banking) in May 2005. Prior to joining DSPIM, Jay worked for Standard Chartered Bank for a year in the Priority Banking division. Jay completed his Bachelor of Management Studies (Finance & International Finance) from Mumbai University, followed by an MBA in Finance from Mumbai University.
Jay is currently the Dedicated Fund Manager for overseas investments for the following schemes of DSP Mutual Fund.

Sr. No.	Period	1 Year	3 Years	5 Years
Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement Different plans shall have a different expense structure. The performance details provided herein are of regular plan. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Sr. No.

Period

1 Year

3 Years

5 Years

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of regular plan.

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Portfolio

Prescribed asset allocation: 95% - 100% Units of BGF, US Flexible Equity Fund & Similar Overseas Funds , 0% - 5% Money Market Securities &/Or Units of Liquid/ Money Market Schemes of DSP MF

Current Allocation as of February 28, 2022

Top 10 Securities

MICROSOFT CORPORATION

6.50%

ALPHABET INC

5.70%

AMAZON.COM INC

5.10%

APPLE INC

4.50%

CORTEVA INC

3.10%

UNITEDHEALTH GROUP INC

2.90%

VISA INC

2.60%

BERKSHIRE HATHAWAY INC

2.60%

CONOCOPHILLIPS

2.40%

COMCAST CORPORATION

2.30%

Top Sectors

Information Technology

25.30%

Cons. Discretionary

14.10%

Communication

12.50%

Financials

12.50%

Health Care

12.40%

Industrials

8.30%

Materials

5.50%

Energy

4.40%

Cons. Staples

2.60%

Real Estate

1.40%

See detailed holdings

Compare Performance

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vs Fixed Deposit

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Historical Returns (As per SEBI format)with investment of₹10,000

	This fund		Russell 1000 TRI INR ^{^}		NIFTY 50 TRI ^#
	CAGR	Current Value	CAGR	Current Value	CAGR	Current Value

Income distribution Cum Capital Withdrawal (IDCW) Distributed

Record Date	IDCW per unit	NAV Before	NAV After

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Invested as

Invested Amount

₹

Invested since

This fund

Russell 1000 TRI INR

NIFTY 50 TRI

Gold

PPF

	Funds	Annual returns	Current Value	Absolute Growth	IDCW paid

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Invested period

Funds	Minimum	Median	Maximum	% times -ve returns	% times returns > 7%

Date of allotment: Aug 03, 2012.

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan.

Since inception returns have been calculated from the date of allotment till June 30, 2021

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Rolling returns have been calculated based on returns from regular plan growth option.

^ Fund Benchmark # Standard Benchmark

Scheme disclaimers

Fund Details

Investment Objective

The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in units of Global Funds US Flexible Equity Fund (BGF - USFEF). The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/ or money market/liquid schemes of DSP Mutual Fund, in order to meet liquidity requirements from time to time. It shall be noted 'similar overseas m ...more

Fund Type

International Fund of Funds – Thematic

US Companies

An open ended fund of fund scheme investing in BlackRock Global Funds - US Flexible Equity Fund

Riskometer

Level of Risk in the fund

View details