The fund house plans to launch World Healthscience Fund, European Fund, and Japan Nikkei 225 Fund.
DSP BlackRock Mutual Fund has filed offer documents with SEBI to launch three overseas fund of funds - DSP BlackRock World Healthscience Fund, DSP BlackRock European Fund, and DSP BlackRock Japan Nikkei 225 Fund.
DSP BlackRock World Healthscience Fund
Benchmarked against MSCI World/ Healthcare (net) Index, World Healthscience Fund will invest in BlackRock Global Funds – World Healthscience Fund. The underlying fund invests globally at least 70% of its assets in companies whose predominant economic activities is in healthcare, pharmaceuticals, medical technology and supplies and the development of biotechnology.
The fund has a mandate to invest in healthcare stocks of any size, anywhere in the world. The fund seeks opportunities across four main industry groups (pharmaceuticals, biotechnology, medical devices & supplies and healthcare providers & services) with an investment universe of 1000 stocks and aims to hold between 70 to 120 stocks. This fund has delivered a CAGR return of 24% over a five year period and 11 % since inception. (In INR terms)
Some of the top holdings of the funds include Johnson & Johnson, Pfizer Inc, Merck & Co, Biogen Idec, Novartis AG and Roche Holding Ltd Genusssch.
DSP BlackRock Japan Nikkei 225 Fund
Benchmarked against Nikkei 225 Index, the fund will invest in iShares Nikkei 225 ETF. The underlying fund aims to provide investment results that, before fees and expenses, closely correspond to the performance of its underlying index, which is an index reflecting the adjusted price-weighted average of the 225 stocks listed on the first section of the Tokyo Stock Exchange.
As on March 2014, the scheme has delivered CAGR return of 16% and 6% since inception. (In INR terms). The underlying scheme’s expense ratio was 0.17 %. Some of its top holdings include Fast Retailing, SoftBank, FANUC and Honda Motor.
DSP BlackRock European Fund
The fund seeks to achieve capital appreciation by investing predominantly in units of BlackRock Global Funds– European Fund (BGF-EF). The fund predominantly invests in 55-75 mid/larger cap stocks with a market cap greater than €1bn. The fund has delivered 24% CAGR over a five year period and 12% return since inception. (In INR terms)
