Number of DCDS open-end fund investors increased 10 times after 5 years

(Dan Tri) - The return on investment achieved by DCDS investors tends to be proportional to the time of holding fund certificates.

The wave of new individual investors entering the market has tended to increase continuously since 2020, contributing to significant changes in flow and value into the stock channel.

Open-end funds, a type of investment that has been around for more than two decades, have also grown strongly in recent years following the market flow and meeting the needs of many non-professional investors looking for a safe, transparent and effective capital allocation channel.

In that context, DC Dynamic Securities Fund (DCDS), managed by Dragon Capital, is chosen by many investors. Over the past 5 years, the number of individual investors of DCDS has increased 10 times. With more than 35,000 customers, DCDS is currently one of the open-end funds with the leading market share in terms of the number of investors in the market.

“In more than two decades of operation, DCDS has always maintained outstanding performance compared to the VN-Index. As of May 31, DCDS's cumulative profit in the last two years is leading the market with a growth rate of nearly 53%. In the last 10 years, the fund's compound profit reached nearly 15%/year, an impressive rate of return,” said a DCDS representative.

DCDS fund performance compared to VN-Index since inception.

Flexible to market fluctuations

Aiming at long-term growth, Dragon Capital said it always closely follows market developments, thereby making assessments to flexibly restructure the DCDS portfolio to suit each stage of the market, ensuring timely response to fluctuations. This helps the fund minimize the impact on the portfolio when the market makes deep adjustments, thereby preserving the achieved results and being ready to disburse when conditions are favorable.

Typically, in the recent period, facing challenges from tariffs, Dragon Capital said it had proactively restructured its portfolio to increase cash and reduce the proportion of stocks in industries that could be greatly affected such as logistics, seaports, industrial parks, etc., along with highly speculative stocks. The proportion of DCDS cash increased sharply from about 2% at the end of February to 17.9% at the end of March, before the US announced the reciprocal tariffs.

“The timely action of Dragon Capital’s team of experts has helped DCDS “defend” itself well against a rare deep fall in the history of Vietnam’s stock market. One of our important goals is to protect the achievements of DCDS investors against market fluctuations,” said Mr. Vo Nguyen Khoa Tuan, Senior Director of Securities at Dragon Capital.

DCDS's cash balance adjustment reflects a flexible strategy in the face of market fluctuations.

At the end of April, DCDS reduced its cash ratio to about 5% after taking advantage of the sharp decline at the beginning of the month to buy stocks with good prices such as TCB, Vingroup group (VIC, VHM, VRE) and real estate (HHS, DXG)... These stocks have actually recovered quickly and strongly after the tariff shock, contributing to the impressive growth of the fund's performance.

From the tariff bottom to May 29, the VN-Index has increased by more than 22%. DCDS recorded an impressive performance of more than 26%, outperforming the general market. This is a period of strong market differentiation and stock selection is decisive for investment performance.

Performance correlation of DCDS and some open-end funds compared to VN-Index (from tariff bottom April 9 to May 29).

In an environment full of volatility due to external factors, the acumen and experience of the analysis team plays an important role in capturing market developments and making quick decisions, improving investment performance.

Regarding investment strategy, DCDS prioritizes choosing businesses with solid foundations and sustainable growth potential such as Techcombank, Sacombank , Mobile World, Hoa Phat... In addition, the fund always looks for investment opportunities in many promising small and medium-cap stocks, with expectations of high profits.

Opportunities for steadfast investors

“Over the years, individual investors who have joined DCDS have recorded positive returns, surpassing the interest rates on bank deposits of the same term. According to Dragon Capital’s statistics, investors who hold this open-end fund certificate for a period of 12-24 months have achieved the best returns, showing that DCDS’s performance tends to be proportional to the holding period,” said a DCDS representative.

DCDS's profitability increases with holding period, peaking at 12–24 months.

Regarding the current market developments, Dragon Capital experts positively assessed the ongoing trade negotiations between Vietnam and the US, helping to stabilize investor sentiment after the tariff period. Short-term fluctuations are inevitable, however, the market outlook remains optimistic.

Mr. Tuan highly appreciated the potential for medium-term price increase of fund certificates, which can achieve an expected average annual profit of 15-20%, thanks to corporate profit growth and optimal portfolio management.

One support for investors is that the current market valuation is attractive, with the 2025 P/E of the top 80 companies at around 10 times, the lowest level in 5 years. In addition, the official operation of KRX also has a positive impact on the market, an important step for Vietnamese stocks to be upgraded by FTSE soon.

As for DCDS, over the past 20 years, the fund's NAV has maintained a steady increase over time and reached a new high in May. This is proof that the fund has effective long-term investment performance, closely following investors' expectations of value growth.

“When working with DCDS, most of our clients choose to trust and entrust the analysis team, instead of focusing on price and investment timing. This helps investors stick to a stable, long-term asset accumulation plan, overcome psychological obstacles when the market fluctuates, and at the same time create opportunities for Dragon Capital to perform well the professional role that has been proven effective for over 30 years,” Mr. Tuan added.

Mr. Vo Nguyen Khoa Tuan - Senior Operations Director, Securities sector of Dragon Capital.

Aimed at non-professional investors, open-end funds are a capital allocation channel worth considering when holding fund certificates for more than 12 months. Along with that, besides choosing a fund management unit and a product with good quality, individuals need to maintain regular, steadfast and steady investment in the face of market fluctuations.

Source: https://dantri.com.vn/kinh-doanh/so-luong-nha-dau-tu-quy-mo-dcds-tang-gap-10-lan-sau-5-nam-20250605153409034.htm