The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in units of Blackrock 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 mutual fund schemes’ shall have investment objective, investment strategy and risk profile/consideration similar to those of BGF – USFEF. The term “Flexible” in the name of the Scheme signifies that the Investment Manager of the Underlying Fund can invest either in growth or value investment characteristic securities placing an emphasis as the market outlook warrants.
The DSP US Specific Equity Omni FoF Regular Plan Growth has an AUM of 1045.41 crores & has delivered CAGR of 18.08% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 2.34%. The minimum investment in DSP US Specific Equity Omni FoF Regular Plan Growth is Rs 100 and the minimum SIP is Rs 100.
As per morningstar the risk & return rating of the fund are Medium & Exceptional respectively.
The top holdings of the fund include BGF US Flexible Equity I2 & Treps / Reverse Repo Investments.
Some of the similar funds are Mirae Asset S&P 500 Top 50 ETF Fund of Fund Regular Growth, Navi US Nasdaq100 FOF Regular Growth, DSP US Specific Equity Omni FoF Regular Plan Growth, SBI US Specific Equity Active FoF Regular Growth, Navi US Total Stock Market Fund of Fund Regular Growth. DSP US Specific Equity Omni FoF Regular Plan Growth has a sharpe ratio of 1.10 & a standard deviation of 14.94%.
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