Dragon Capital Vietfund Management (DCVFM) | Fund Factsheet

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General Information

Fund name DC Blue Chip Fund
Fund code DCBC
Fund Type Equity fund
Currency VND
Inception date 2008-02-28
Conversion date 2013-12-16
Fund Manager Dragon Capital Vietfund Management (DCVFM)
Custodian Bank Standard Chartered Bank VN
Transfer Agency Vietnam Securities Depository (VSD)
Distributors See homepage dragoncapital.com.vn
Management fee Up to 2%/NAV/year
Subscription fee 0%
Redemption fee 0% - 2,5% tùy thời gian nắm giữ
Switching fee 0% - 1% tùy thời gian nắm giữ
Trading cycle Everyday (T day)
Cut-off time 14h30 on T-1 day
Dividend Annually (upon AGM approval)
Total NAV (VND bn) 350.6
Number of outstanding shares (mn) 16.8
12-month Expense Ratio (%) 2.3
12-month Turn-over Ratio (%) 385.3


The objective of VFMVF4 is to seek long-term earnings from equity growth and dividends through investing in top-ranking enterprises operating in the essential sectors of Vietnam economy. The target investments shall be the blue-chip stocks listed or pre-listed on Vietnam stock markets. The Fund will deploy fundamental analysis as the principle for equity investment to assess growth potential, sustainability and risks of investment opportunities.


As of: 
At the end of March, the Fund’s NAVPS increased by 3.7% MTD, while VN-Index also rose 3.9% over the same period. Some industries with a high proportion in DCBC’s portfolio such as Financial services (+15.4%), Real estate (+12.7%), and Banking (+6.2%) had good growth in the past month. In March, the Fund also restructured its portfolio by increasing the proportion of key industries such as Financial services and Real estate as these two sectors were mainly affected by the recent market drop. However, in recent times, the Government has taken many drastic measures to support Real estate to recover. On the secondary market, many Real estate transactions have started to turn around. Although the recovery process will take a long time, it also shows that the situation is unlikely to get worse in the near future. It is understandable that highly cyclical industries such as Real estate or Securities have bounced back recently. The Fund will continue to maintain a flexible investment strategy in current conditions to seize opportunities in the short term. DCBC will also liquidate stocks that meet profit expectations and allocate cash to potential opportunities in the near future.

Performance Chart

Rate of Return

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NAV/đvq & Index 1 month 3 months YTD 12 months Since Inception 

asset allocation by sector (% nav)

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Top 10 holdings

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Stock Sector Exchange % NAV

Asset Allocation by asset class (% nav)

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Portfolio Statistics

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Fundamental ratios DCBC VN-Index
Risk ratios DCBC VN-Index


This document is issued by VietFund Management (VFM). The information herein is deemed reliable sources by VFM, based on published sources and VFM isn’t responsible for the accuracy of the information herein, except the information, data of Funds managed by VFM and provided in this document. This document reflects the views and assessments of the author at the time of issue, for references only and may change without notice. This document is neither a prospectus nor an offer or any commitment of VFM or Funds managed by VFM. VFM hasn’t obligation to update, revise this document in any form in the case of opinions, forecasts and estimations in this document changes or becomes inaccurate.