JULY 31, 2015 - kotaksecurities.com · product labelling: open ended money market mutual fund...

JULY 31, 2015

SCHEME PRODUCT SUITABILITY RISKOMETER

DSP BlackRock Equity Fund

This Scheme is suitable for investors who are seeking*

• Long-term capital growth• Investment in equity and equity-related securities to form a diversified portfolio

DSP BlackRock Opportunities Fund


• Long-term capital growth• Investment in equity and equity-related securities to form a diversified portfolio

DSP BlackRock Top 100 Equity Fund


• Long-term capital growth• Investment in equity and equity-related securities of large cap companies (top 100 companies by market

capitalization)

DSP BlackRock Small and Mid Cap Fund


• Long-term capital growth• Investment in equity and equity-related securities in companies beyond top 100 companies by market

capitalization

DSP BlackRock India T.I.G.E.R. Fund (The Infrastructure Growth and Economic Reforms Fund)


• Long-term capital growth• Investment in equity and equity-related securities of corporates, which could benefit from structural changes

brought about by continuing liberalization in economic policies by the Government and/or from continuing investments in infrastructure, both by the public and private sector

DSP BlackRock Technology.com Fund


• Long-term capital growth• Investment in equity and equity-related securities of companies in media, telecom and information technology

sectors

DSP BlackRock Micro Cap Fund


• Long-term capital growth• Investment in equity and equity-related securities in micro cap companies (beyond top 300 companies by market

capitalization)

DSP BlackRock Focus 25 Fund


• Long-term capital growth with exposure limited to a maximum of 25 stocks from an investment universe of top 200 companies by market capitalization

• Investment in equity and equity-related securities to form a concentrated portfolio

DSP BlackRock Natural Resources and New Energy Fund


• Long-term capital growth• Investment in equity and equity-related securities of natural resources companies in sectors like mining, energy,

etc. and companies involved in alternative energy and energy technology and also, investment in units of overseas funds which invest in such companies overseas

PRODUCT LABELLING: OPEN ENDED GROWTH SCHEMES


DSP BlackRock Tax Saver Fund


• Long-term capital growth with a three-year lock-in• Investment in equity and equity-related securities to form a diversified portfolio

PRODUCT LABELLING: OPEN ENDED EQUITY LINKED SAVING SCHEME

PRODUCT LABELLING: OPEN ENDED INCOME SCHEMES


DSP BlackRock Bond Fund


• Income over a long-term investment horizon• Investment in money market and debt securities

DSP BlackRock Constant Maturity 10Y G-Sec Fund


• Income over a long-term investment horizon• Investment in Government Securities with weighted average maturity of around 10 years

DSP BlackRock Short Term Fund


• Income over a medium-term investment horizon• Investment in money market and debt securities

DSP BlackRock Income Opportunities Fund


• Income over a medium-term investment horizon• Investment in money market and debt securities

DSP BlackRock Strategic Bond Fund


• Income over a medium to long term investment horizon• Investment in actively managed portfolio of money market and debt securities

DSP BlackRock Money Manager Fund


• Income over a short-term investment horizon• Investment in money market and debt securities

DSP BlackRock Government Securities Fund


• Income over a long-term investment horizon• Investment in Central government securities

DSP BlackRock Ultra Short Term Fund


• Income over a short-term investment horizon.• Investments in money market and debt securities

PRODUCT LABELLING: OPEN ENDED INCOME SCHEMES

PRODUCT LABELLING: FUND OF FUNDS SCHEMES


DSP BlackRock Banking & PSU Debt Fund


• Income over a short-term investment horizon • Investment in money market and debt securities issued by banks and public sector entities/undertakings

DSP BlackRock MIP~ Fund

~Monthly income is not assured and is subject to availability of distributable surplus.


• Income and capital growth over a medium-term investment horizon• Investment primarily in money market and debt securities, with balance exposure in equity/equity-related

securities

PRODUCT LABELLING: OPEN ENDED BALANCED SCHEME


DSP BlackRock Balanced Fund


• Capital growth and income over a long-term investment horizon• Investment primarily in equity/equity-related securities, with balance exposure in money market and debt

securities

PRODUCT LABELLING: OPEN ENDED LIQUID SCHEME


DSP BlackRock Liquidity Fund


• Income over a short-term investment horizon• Investment in money market and debt securities, with maturity not exceeding 91 days

PRODUCT LABELLING: OPEN ENDED MONEY MARKET MUTUAL FUND SCHEME IN INCOME CATEGORY


DSP BlackRock Treasury Bill Fund


• Income over a short-term investment horizon• Investment in Treasury Bills & other Central government securities maturing within one year

PRODUCT LABELLING: OPEN ENDED FUND OF FUNDS SCHEMES


DSP BlackRock World Gold Fund


• Long-term capital growth• Investment in units of overseas funds which invest primarily in equity and equity related securities of gold mining

companies

DSP BlackRock World Energy Fund


• Long-term capital growth• Investment in units of overseas funds which invest primarily in equity and equity related securities of companies

in the energy and alternative energy sectors

DSP BlackRock World Mining Fund


• Long-term capital growth• Investment in units of overseas funds which invest primarily in equity and equity related securities of mining

companies

DSP BlackRock World Agriculture Fund


• Long-term capital growth• Investment in units of overseas funds which invest primarily in equity and equity related securities of companies

in the agriculture value chain

DSP BlackRock US Flexible^ Equity Fund


• Long-term capital growth• Investment in units of overseas funds which invest primarily in equity and equity related securities of companies domiciled

in, or exercising the predominant part of their economic activity in the USA ^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.

DSP BlackRock Dynamic Asset Allocation Fund


• Long-term capital growth• Investments in units of one or more equity mutual funds and debt mutual funds of DSP BlackRock Mutual Fund

DSP BlackRock Global Allocation Fund


• Long-term capital growth• Investments in units of overseas funds which invest in equity, debt and short term securities of issuers around the

world

*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

4

DSP BlackRock Equity Fund

INVESTMENT OBJECTIVEAn Open Ended growth Scheme, seeking to generate long term capital appreciation, from a portfolio that is substantially constituted of equity securities and equity related securities of issuers domiciled in India.

REDEMPTION PROCEEDSNormally within 3 Business Days from acceptance of redemption request.

ASSET ALLOCATIONEquity & Equity related securities: 90% to 100% & Debt* & Money market securities: 0% to 10%. * Debt securities/instruments are deemed to include securitised debts

FUND MANAGERVinit SambreTotal work experience of 16 years. Managing this Scheme since July 2015.

Harish ZaveriTotal work experience of 20 years. Managing this Scheme since July 2015.

PortfolioPortfolio

FEATURES

PLANS: REGULAR PLAN (RP) & DIRECT PLAN (DP)•Minimuminvestmentandminimum additional purchase (RP & DP)

1,000/-&anyamountthereafter•Optionsavailable:(RP&DP)

•Entryload:NotApplicable

•Exitload:Holding Period:< 12 months: 1%>= 12 months: Nil

•Growth•Dividend - Payout Dividend

- Reinvest Dividend

Sr. No.

Name of Instrument Rating/Industry Quantity Market value ( In lakhs)

% to Net Assets

EQUITY & EQUITY RELATED

Listed / awaiting listing on the stock exchanges

1 HDFC Bank Limited Banks 1,997,299 22,202.97 8.64%

2 Axis Bank Limited Banks 2,670,511 15,315.38 5.96%

3 Maruti Suzuki India Limited Auto 258,343 11,190.00 4.36%

4 Larsen & Toubro Limited Construction Project 594,143 10,642.59 4.14%

5 Hindustan Petroleum Corporation Limited Petroleum Products 1,091,377 10,058.68 3.92%

6 UltraTech Cement Limited Cement 317,820 10,008.63 3.90%

7 SRF Limited Textile Products 606,833 8,438.92 3.29%

8 TataMotorsLimited-AClass Auto 3,128,492 8,135.64 3.17%

9 Tata Consultancy Services Limited Software 322,510 8,097.42 3.15%

10 Bharat Petroleum Corporation Limited Petroleum Products 859,373 7,964.24 3.10%

11 Ashok Leyland Limited Auto 9,231,862 7,796.31 3.04%

12 Infosys Limited Software 691,737 7,450.35 2.90%

13 United Spirits Limited Consumer Non Durables 200,858 7,443.09 2.90%

14 IndusInd Bank Limited Banks 757,292 7,404.04 2.88%

15 State Bank of India Banks 2,729,746 7,371.68 2.87%

16 Arvind Limited Textile Products 2,051,202 6,532.05 2.54%

17 Bayer Cropscience Limited Pesticides 163,083 6,527.56 2.54%

18 Kotak Mahindra Bank Limited Banks 889,764 6,187.42 2.41%

19 SKSMicrofinanceLimited Finance 971,418 5,652.20 2.20%

20 Sadbhav Engineering Limited Construction Project 1,674,712 5,351.54 2.08%

21 NCC Limited Construction Project 5,597,377 4,617.84 1.80%

22 Gujarat State Petronet Limited Gas 3,461,696 4,489.82 1.75%

23 Crompton Greaves Limited Industrial Capital Goods 2,375,266 4,363.36 1.70%

24 Cummins India Limited Industrial Products 436,051 4,352.44 1.69%

25 Sterlite Technologies Limited Industrial Products 4,027,573 4,110.14 1.60%

26 Atul Limited Chemicals 311,907 3,962.93 1.54%

27 Coal India Limited Minerals/Mining 842,616 3,699.51 1.44%

28 Zee Entertainment Enterprises Limited Media & Entertainment 927,350 3,698.27 1.44%

29 IPCA Laboratories Limited Pharmaceuticals 545,260 3,687.32 1.44%

30 Gujarat Gas Limited Gas 486,246 3,613.29 1.41%

31 Multi Commodity Exchange of India Limited Finance 274,217 3,113.73 1.21%

32 NIIT Limited Software 3,407,253 2,776.91 1.08%

33 Glenmark Pharmaceuticals Limited Pharmaceuticals 264,907 2,680.59 1.04%

34 Reliance Industries Limited Petroleum Products 251,685 2,521.51 0.98%

35 Bharat Forge Limited Industrial Products 215,961 2,478.91 0.97%

36 Bajaj Finance Limited Finance 39,323 2,167.21 0.84%

37 Thomas Cook (India) Limited Services 916,211 2,058.27 0.80%

38 Credit Analysis And Research Limited Finance 121,677 1,730.61 0.67%

39 Blue Dart Express Limited Transportation 24,666 1,712.34 0.67%

40 Just Dial Limited Software 146,331 1,580.08 0.62%

41 CMC Limited Software 80,602 1,566.02 0.61%

42 Finolex Industries Limited Industrial Products 508,562 1,402.11 0.55%

43 Hero MotoCorp Limited Auto 50,031 1,342.18 0.52%

44 Sterling Holiday Resorts (India) Ltd.

Hotels, Resorts And Other Recreational Activities

461,522 1,196.73 0.47%

45 Godrej Properties Limited Construction 383,236 1,027.46 0.40%

46 Coromandel International Limited Fertilisers 259,414 631.28 0.25%

47 Monsanto India Limited Pesticides 17,025 556.16 0.22%

48 HT Media Limited Media & Entertainment 509,899 447.95 0.17%

49 Alembic Pharmaceuticals Limited Pharmaceuticals 10,553 74.94 0.03%

50 Arvind Infrastructure Limited Construction 205,120 - *

Total 251,430.62 97.90%

Unlisted

51 Magnasound (India) Limited Media & Entertainment 25,000 - *

52 SIP Technologies & Export Limited Software 122,549 - *

Total - *

DEBT INSTRUMENTS

BOND & NCD's


53 Blue Dart Express Limited ICRA AA 130,340 13.23 0.01%

54 Blue Dart Express Limited ICRA AA 97,755 9.96 *

Total 23.19 0.01%

MONEY MARKET INSTRUMENTS

55 CBLO / Reverse Repo Investments 5,421.90 2.11%

Total 5,421.90 2.11%

Cash & Cash Equivalent

Cash Margin 87.05 0.03%

Net Receivables/Payables (123.82) (0.06%)

Total (36.77) (0.01%)

GRAND TOTAL 256,838.94 100.00%

INCEPTION DATEApril 29, 1997

NAV AS ONJuly 31, 2015$

Regular PlanGrowth: 28.843

Direct PlanGrowth: 29.265

INDUSTRIAL CAPITAL GOODS 1.70%MEDIA & ENTERTAINMENT 1.61%ChEMICALS 1.54%MINERALS/MINING 1.44%SERVICES 0.80%TRANSPORTATION 0.67%hOTELS, RESORTS AND OThER RECREATIONAL ACTIVITIES 0.47%CONSTRUCTION 0.40%FERTILISERS 0.25%DEBT INSTRUMENTS 0.01%CASh & EQUIVALENT 2.09%

BANKS 22.76%AUTO 11.09%SOFTwARE 8.36%CONSTRUCTION PROJECT 8.02%PETROLEUM PRODUCTS 8.00%TExTILE PRODUCTS 5.83%FINANCE 4.92%INDUSTRIAL PRODUCTS 4.81%CEMENT 3.90%GAS 3.16%CONSUMER NON DURABLES 2.90%PESTICIDES 2.76%PhARMACEUTICALS 2.51%

Sectoral Allocation

Notes: 1. Total Expense Ratio (F.Y. beginning to date): IP: 1.75% RP: 2.32% DP: 1.75% 2. Portfolio Turnover Ratio (Last 12 months): 1.12 Since Inception Ratios: 1. Standard Deviation: 23.15% 2. Beta: 0.85 3. R-Squared: 85.75%4. Sharpe Ratio: 0.59 *Less than 0.00%

$Investors are requested to visit the website of DSP BlackRock Mutual Fund (‘the Fund’)atwww.dspblackrock.comorAMFI’swebsiteatwww.amfiindia.comforNAVat each plan and option level for the Schemes of the Fund, which is updated on each business day.

TOTAL AUM AS ON July 31, 2015 2,568.39 Cr.

5

DSP BlackRock Top 100 Equity Fund

Portfolio

INVESTMENT OBJECTIVEAn Open Ended growth Scheme, seeking to generate capital appreciation, from a portfolio that is substantially constituted of equity securities and equity related securities of the 100 largest corporates, by market capitalisation, listed in India.


ASSET ALLOCATIONEquity and Equity related securities -90%-100% Debt, Securitised Debt and Money marketsecurities-0%-10%

FUND MANAGERHarish ZaveriTotal work experience of 20 years. Managing this Scheme since July 2015.

Sectoral AllocationBANKS 29.12%AUTO 13.79%PETROLEUM PRODUCTS 13.14%SOFTwARE 9.52%CONSTRUCTION PROJECT 5.79%CEMENT 5.17%FINANCE 3.88%TRANSPORTATION 3.31%

INDUSTRIAL PRODUCTS 3.22%CONSUMER NON DURABLES 3.13%MINERALS/MINING 3.02%INDUSTRIAL CAPITAL GOODS 1.89%MEDIA & ENTERTAINMENT 1.67%POwER 1.61%PhARMACEUTICALS 1.55%CASh & EQUIVALENT 0.19%

FEATURES


1,000/-&anyamountthereafter

•Optionsavailable:(RP&DP)

•Growth•Dividend - Payout Dividend

- Reinvest Dividend



Notes: 1. Total Expense Ratio (F.Y. beginning to date): IP: 1.73% RP: 2.27% DP: 1.73% 2. Portfolio Turnover Ratio (Last 12 months): 1.45 Since Inception Ratios: 1. Standard Deviation: 21.76% 2. Beta: 0.85 3.R-Squared:92.16%4. Sharpe Ratio: 0.79

Sr. No.


% to Net Assets

EQUITY & EQUITY RELATED Listed / awaiting listing on the stock exchanges

1 HDFC Bank Limited Banks 3,256,706 36,203.17 10.22%2 Axis Bank Limited Banks 4,514,429 25,890.25 7.31%



5 Larsen & Toubro Limited Construction Project 1,144,562 20,501.97 5.79%6 Maruti Suzuki India Limited Auto 434,394 18,815.56 5.31%7 UltraTech Cement Limited Cement 581,447 18,310.64 5.17%

8 Bharat Petroleum Corporation Limited Petroleum Products 1,742,495 16,148.57 4.56%

9 IndusInd Bank Limited Banks 1,544,578 15,101.34 4.26%10 TataMotorsLimited-AClass Auto 5,152,726 13,399.66 3.78%

11 Kotak Mahindra Bank Limited Banks 1,874,114 13,032.59 3.68%

12 State Bank of India Banks 4,783,065 12,916.67 3.65%13 Hero MotoCorp Limited Auto 480,615 12,893.46 3.64%14 Infosys Limited Software 1,102,262 11,871.91 3.35%15 United Spirits Limited Consumer Non Durables 298,828 11,073.52 3.13%16 Coal India Limited Minerals/Mining 2,434,200 10,687.36 3.02%17 Reliance Industries Limited Petroleum Products 925,857 9,275.70 2.62%18 Cummins India Limited Industrial Products 813,993 8,124.87 2.29%19 Bajaj Finserv Limited Finance 404,360 7,463.27 2.11%

20 Container Corporation of India Limited Transportation 398,606 6,544.31 1.85%

21 Bajaj Finance Limited Finance 113,752 6,269.21 1.77%

22 Zee Entertainment Enterprises Limited Media & Entertainment 1,481,432 5,907.95 1.67%

23 Power Grid Corporation of India Limited Power 4,006,590 5,689.36 1.61%

24 Divi's Laboratories Limited Pharmaceuticals 279,721 5,487.01 1.55%

25 Adani Ports and Special Economic Zone Limited Transportation 1,586,419 5,155.86 1.46%

26 Siemens Limited Industrial Capital Goods 270,639 3,938.47 1.11%27 Eicher Motors Limited Auto 19,600 3,737.96 1.06%28 Bharat Forge Limited Industrial Products 286,195 3,285.09 0.93%29 ABB India Limited Industrial Capital Goods 198,112 2,747.02 0.78%

Total 353,408.93 99.81%

MONEY MARKET INSTRUMENTS30 CBLO / Reverse Repo Investments 1,299.26 0.37%

Total 1,299.26 0.37%

Cash & Cash EquivalentCash Margin 10.00 *Net Receivables/Payables (534.56) (0.15%)Total (524.56) (0.21%)GRAND TOTAL 354,183.63 100.00%

$Investors are requested to visit the website of DSP BlackRock Mutual Fund (‘the Fund’) atwww.dspblackrock.comorAMFI’swebsiteatwww.amfiindia.comforNAVateachplanand option level for the Schemes of the Fund, which is updated on each business day.

INCEPTION DATEMar 10, 2003


Regular PlanGrowth- 163.998

Direct PlanGrowth- 166.323


6

INVESTMENT OBJECTIVEAn Open Ended growth Scheme, seeking to generate long term capital appreciation and whose secondary objective is income generation and the distribution of dividend from a portfolio constituted of equity and equity related securities concentrating on the investment focus of the Scheme.


ASSET ALLOCATIONEquity & Equity related securities: 80%-100% Fixed Income securities (Debt* & Money market securities): 0%-20%. * Debt securities/ instruments are deemed to include securitised debts

FUND MANAGERRohit SinghaniaTotal work experience of 14 years. Managing this Scheme since July 2015

DSP BlackRock Opportunities Fund

Portfolio

FEATURES

PLANS: REGULAR PLAN (RP) & DIRECT PLAN (DP)•Minimum investment and minimum additional purchase (RP & DP)





•Growth•Dividend - Payout Dividend - Reinvest Dividend

Sectoral AllocationBANKS 25.66%PETROLEUM PRODUCTS 11.33%SOFTwARE 9.04%AUTO 8.71%PhARMACEUTICALS 8.66%CONSTRUCTION PROJECT 6.95%CONSUMER NON DURABLES 4.74%INDUSTRIAL PRODUCTS 4.24%GAS 4.16%CEMENT 3.38%

INDUSTRIAL CAPITAL GOODS 2.88%CONSTRUCTION 2.59%AUTO ANCILLARIES 1.92%FINANCE 1.35%TExTILE PRODUCTS 0.86%TRANSPORTATION 0.80%MEDIA & ENTERTAINMENT 0.80%PESTICIDES 0.46%CASh & EQUIVALENT 1.47%

Notes: 1. Total Expense Ratio (F.Y. beginning to date): RP: 2.64%. DP: 2.09% 2. Portfolio Turnover Ratio (Last 12 months): 1.43. 3. *Less than 0.00 Since Inception Ratios: 1. Standard Deviation: 23.19% 2. Beta: 0.92 3.R-Squared:90.41%4. Sharpe Ratio: 0.50

Sr. No.


% to Net Assets


1 HDFC Bank Limited Banks 547,716 6,088.68 7.72%2 Maruti Suzuki India Limited Auto 110,691 4,794.53 6.08%



5 Hindustan Petroleum Corporation Limited Petroleum Products 411,045 3,788.40 4.81%

6 State Bank of India Banks 1,277,668 3,450.34 4.38%7 IndusInd Bank Limited Banks 352,448 3,445.88 4.37%8 Infosys Limited Software 310,626 3,345.60 4.24%9 Axis Bank Limited Banks 453,535 2,601.02 3.30%10 ICICI Bank Limited Banks 806,885 2,440.02 3.10%


12 United Spirits Limited Consumer Non Durables 61,743 2,287.98 2.90%


14 Torrent Pharmaceuticals Limited Pharmaceuticals 152,326 2,196.01 2.79%

15 Union Bank of India Banks 1,013,040 1,788.02 2.27%16 Gujarat Gas Limited Gas 233,626 1,736.07 2.20%17 UltraTech Cement Limited Cement 51,060 1,607.96 2.04%18 Gujarat State Petronet Limited Gas 1,191,894 1,545.89 1.96%

19 Motherson Sumi Systems Limited Auto Ancillaries 435,006 1,511.43 1.92%

20 HCL Technologies Limited Software 150,580 1,503.16 1.91%21 Sintex Industries Limited Industrial Products 1,207,690 1,393.07 1.77%22 Wim Plast Ltd. Industrial Products 56,060 1,183.15 1.50%23 Crompton Greaves Limited Industrial Capital Goods 626,850 1,151.52 1.46%24 Tata Motors Limited Auto 298,255 1,144.85 1.45%25 Siemens Limited Industrial Capital Goods 76,837 1,118.17 1.42%26 Bajaj Finance Limited Finance 19,372 1,067.65 1.35%27 Shree Cements Limited Cement 9,277 1,059.56 1.34%28 MBL Infrastructures Limited Construction 357,098 1,010.41 1.28%29 TataMotorsLimited-AClass Auto 356,323 926.62 1.18%30 Castrol India Limited Petroleum Products 179,181 880.05 1.12%31 Indoco Remedies Limited Pharmaceuticals 241,259 822.57 1.04%32 Asian Paints Limited Consumer Non Durables 92,343 815.20 1.03%33 NCC Limited Construction Project 935,117 771.47 0.98%34 Finolex Industries Limited Industrial Products 275,984 760.89 0.97%35 Arvind Limited Textile Products 211,759 674.35 0.86%36 Britannia Industries Limited Consumer Non Durables 20,351 641.80 0.81%37 Gujarat Pipavav Port Limited Transportation 268,689 633.30 0.80%

38 Zee Entertainment Enterprises Limited Media & Entertainment 158,561 632.34 0.80%

39 Ashoka Buildcon Limited Construction Project 329,500 610.07 0.77%40 Strides Arcolab Limited Pharmaceuticals 43,151 549.98 0.70%41 Somany Ceramics Limited Construction 142,751 534.75 0.68%42 PNC Infratech Limited Construction 105,324 495.02 0.63%43 Jubilant Life Sciences Limited Pharmaceuticals 160,561 423.80 0.54%44 Bank of Baroda Banks 231,245 410.46 0.52%45 Cadila Healthcare Limited Pharmaceuticals 20,718 390.92 0.50%46 Bayer Cropscience Limited Pesticides 9,096 364.08 0.46%47 Arvind Infrastructure Limited Construction 24,968 - *

Total 77,669.49 98.53%



Total 1,923.90 2.44%

Cash & Cash EquivalentCash Margin 13.36 0.02%Net Receivables/Payables (778.34) (0.99%)Total (764.98) (0.97%)GRAND TOTAL 78,828.41 100.00%

INCEPTION DATEMay 16, 2000




TOTAL AUM AS ON July 31, 2015 788.28 Cr.

$Investors are requested to visit the website of DSP BlackRock Mutual Fund (‘the Fund’) atwww.dspblackrock.comorAMFI’swebsiteatwww.amfiindia.comforNAVateachplan and option level for the Schemes of the Fund, which is updated on each business day.

7

DSP BlackRock India T.I.G.E.R. Fund

Portfolio

(The Infrastructure Growth and Economic Reforms Fund)

INVESTMENT OBJECTIVEAnopenendeddiversifiedequityScheme, seeking to generate capital appreciation, from a portfolio that is substantially constituted of equity securities and equity related securities of corporates,whichcouldbenefitfrom structural changes brought about by continuing liberalization in economic policies by the Government and/or from continuing investments in infrastructure, both by the public and private sector.


ASSET ALLOCATIONEquity and Equity related securities -90%-100% Debt, Securitised Debt and Money marketsecurities-0%-10% ADR, GDR and Foreign securities -0%-25%

FUND MANAGERRohit SinghaniaTotal work experience of 14 years. Managing this Scheme since June 2010

FEATURES



•Optionsavailable:(RP&DP)•Growth•Dividend - Payout Dividend

- Reinvest Dividend


•Exitload:Holding period <24 months: 1%Holding period >=24 months: Nil

The exit load of the Scheme has been changed on prospective basis for investments made on or after August 1, 2015. Investors are requested to read the relevant notice and addenda to the SID and KIM available at www.dspblack-rock.com for further details.

Sr. No.


% to Net Assets


1 Larsen & Toubro Limited Construction Project 714,708 12,802.21 7.73%2 HDFC Bank Limited Banks 940,998 10,460.60 6.31%3 State Bank of India Banks 2,984,235 8,058.93 4.86%



6 ICICI Bank Limited Banks 2,437,507 7,371.02 4.45%7 Ashoka Buildcon Limited Construction Project 3,372,190 6,243.61 3.77%8 Axis Bank Limited Banks 980,731 5,624.49 3.40%9 Crompton Greaves Limited Industrial Capital Goods 2,926,443 5,375.88 3.25%10 LIC Housing Finance Limited Finance 1,024,221 5,112.91 3.09%11 IndusInd Bank Limited Banks 511,631 5,002.22 3.02%12 Sadbhav Engineering Limited Construction Project 1,564,474 4,999.28 3.02%13 J.Kumar Infraprojects Limited Construction 593,713 4,402.38 2.66%14 UltraTech Cement Limited Cement 136,785 4,307.56 2.60%15 MBL Infrastructures Limited Construction 1,494,090 4,227.53 2.55%

16 Kalpataru Power Transmission Limited Power 1,554,124 4,216.34 2.55%

17 Techno Electric & Engineering Company Limited Construction Project 747,914 3,991.99 2.41%

18 Alstom T&D India Limited Industrial Capital Goods 708,442 3,975.42 2.40%19 Bharat Electronics Limited Industrial Capital Goods 84,127 3,352.59 2.02%

20 Adani Ports and Special Economic Zone Limited Transportation 1,020,380 3,316.24 2.00%

21 Union Bank of India Banks 1,666,585 2,941.52 1.78%22 PNC Infratech Limited Construction 616,288 2,896.55 1.75%23 Solar Industries India Limited Chemicals 60,032 2,343.17 1.41%24 Gujarat Gas Limited Gas 312,730 2,323.90 1.40%25 Jet Airways (India) Limited Transportation 566,738 2,267.80 1.37%26 NCC Limited Construction Project 2,740,139 2,260.61 1.36%


28 Finolex Cables Limited Industrial Products 841,828 2,151.71 1.30%29 Grasim Industries Limited Cement 55,860 2,075.90 1.25%30 Gateway Distriparks Limited Transportation 483,985 1,791.95 1.08%31 Gujarat Pipavav Port Limited Transportation 721,696 1,701.04 1.03%32 CESC Limited Power 299,197 1,691.21 1.02%33 ACC Limited Cement 119,666 1,660.25 1.00%34 JK Lakshmi Cement Limited Cement 485,838 1,639.22 0.99%35 Astral Poly Technik Limited Industrial Products 429,671 1,597.09 0.96%36 KNR Constructions Limited Construction 273,736 1,571.66 0.95%37 Sintex Industries Limited Industrial Products 1,350,882 1,558.24 0.94%38 AIA Engineering Limited Industrial Products 152,895 1,520.62 0.92%39 Siemens Limited Industrial Capital Goods 92,208 1,341.86 0.81%40 Max India Limited Finance 220,157 1,208.33 0.73%

41 Prestige Estates Projects Limited Construction 535,619 1,178.36 0.71%


43 IL&FS Transportation Networks Limited Transportation 684,409 1,014.64 0.61%

44 NRB Bearing Limited Industrial Products 788,797 873.59 0.53%45 Jindal Saw Limited Ferrous Metals 1,128,689 861.75 0.52%46 KSK Energy Ventures Limited Power 1,911,215 804.62 0.49%

Total 163,268.88 98.56%

BANKS 23.82%CONSTRUCTION PROJECT 18.29%PETROLEUM PRODUCTS 9.54%CONSTRUCTION 8.62%INDUSTRIAL CAPITAL GOODS 8.48%TRANSPORTATION 6.76%CEMENT 5.84%

Sectoral AllocationINDUSTRIAL PRODUCTS 4.65%POwER 4.06%FINANCE 3.82%GAS 2.75%ChEMICALS 1.41%FERROUS METALS 0.52%CASh & EQUIVALENT 1.44%

Notes: 1. Total Expense Ratio (F.Y. beginning to date): RP: 2.36% DP: 1.88% 2. Portfolio Turnover Ratio (Last 12 months): 1.33 Since Inception Ratios: 1. Standard Deviation: 23.74% 2. Beta: 0.94 3.R-Squared:90.59%4. Sharpe Ratio: 0.48



Total 1,224.30 0.74%

Cash & Cash EquivalentCash Margin 178.55 0.10%Net Receivables/Payables 994.43 0.60%Total 1,172.98 0.70%GRAND TOTAL 165,666.16 100.00%

INCEPTION DATEJune 11, 2004






8

DSP BlackRock Technology.com Fund

Portfolio

INVESTMENT OBJECTIVEAn Open Ended growth Scheme, seeking to generate long term capital appreciation, and whose secondary objective is income generation and the distribution of dividend from a portfolio constituted of equity and equity related securities concentrating on the investment focus of the Scheme.


ASSET ALLOCATIONEquity & Equity related securities: 80%-100% Fixed Income securities (Debt* & Money market securities) : 0%-20%. * Debt securities/instruments are deemed to include securitised debts

FUND MANAGERM SuryanarayananTotal work experience of 7 years. Managing this Scheme since July 2015

Sectoral Allocation SOFTwARE 92.44%TRADING 3.42%

TELECOM - SERVICES 0.08%CASh & EQUIVALENT 4.06%

FEATURES



•Optionsavailable(RP&DP)




Notes: 1. Total Expense Ratio (F.Y. beginning to date): RP: 2.97% DP: 2.43% 2. Portfolio Turnover Ratio (Last 12 months): 0.71. Since Inception Ratios: 1. Standard Deviation: 27.84% 2. Beta: 0.80 3.R-Squared:83.03%4. Sharpe Ratio: 0.13.

Sr. No.


% to Net Assets


1 Infosys Limited Software 228,734 2,463.58 29.39%


3 HCL Technologies Limited Software 82,052 819.08 9.77%4 Tech Mahindra Limited Software 115,362 612.23 7.30%5 Majesco Limited Software 157,278 453.04 5.41%6 Zensar Technologies Limited Software 41,017 391.84 4.68%

7 Oracle Financial Services Software Limited Software 7,878 318.78 3.80%

8 Redington (India) Limited Trading 243,304 286.86 3.42%9 Just Dial Limited Software 20,282 219.01 2.61%10 MindTree Limited Software 16,340 209.09 2.49%11 Wipro Limited Software 31,063 177.01 2.11%

12 Accelya Kale Solutions Limited Software 14,409 160.90 1.92%

13 CMC Limited Software 7,866 152.83 1.82%14 Persistent Systems Limited Software 22,706 151.02 1.80%15 Info Edge (India) Limited Software 16,111 134.16 1.60%16 Cyient Limited Software 15,000 81.76 0.98%17 City Online Services Ltd Telecom-Services 200,000 6.44 0.08%

Total 8,042.67 95.94%


18 CBLO / Reverse Repo Investments 324.81 3.88%

Total 324.81 3.88%

Cash & Cash EquivalentNet Receivables/Payables 13.72 0.18%Total 13.72 0.18%GRAND TOTAL 8,381.20 100.00%







9

DSP BlackRock Small and Mid Cap Fund

Portfolio

INVESTMENT OBJECTIVEAn Open ended equity growth scheme, primarily seeking to generate long term capital appreciation from a portfolio substantially constituted of equity and equity related securities, which are not part of top 100 stocks by market capitalization. From time to time, the Investment Manager will also seek participation in other equity and equity related securities to achieve optimal portfolio construction.


ASSET ALLOCATIONEquity and equity related securities which are:1. (A) not part of top 100 stocks by marketcap:65%-100%,(B)inthetop100stocksbymarketcap:0%-35%; Of 1(A) & 1(B), investments in ADRs, GDRs & foreign securities: 0%-25%;2. Debt and Money Market Securities:0%-10%.

FUND MANAGERVinit SambreTotal work experience of 16 years. Managing this Scheme since July 2012

FEATURES





•Entryload:NotApplicable•Exitload:

Holding period <18 months: 1%Holding period >=18 months: NilThe exit load of the Scheme has been changed on prospective basis for investments made on or after August 1, 2015. Investors are requested to read the relevant notice and addenda to the SID and KIM available at www.dspblack-rock.com for further details.

Sr. No.

Name of Instrument Rating/Industry Quantity Market value ( lakh)

% to Net Assets



2 Techno Electric & Engineering Company Limited Construction Project 1,916,867 10,231.28 5.21%

3 SRF Limited Textile Products 704,291 9,794.22 4.99%4 Ashok Leyland Limited Auto 10,482,771 8,852.70 4.51%5 SKSMicrofinanceLimited Finance 1,314,054 7,645.82 3.89%6 Arvind Limited Textile Products 2,206,706 7,027.26 3.58%7 Bayer Cropscience Limited Pesticides 162,601 6,508.27 3.31%8 Sadbhav Engineering Limited Construction Project 1,849,815 5,911.08 3.01%9 Kotak Mahindra Bank Limited Banks 821,221 5,710.77 2.91%


11 IPCA Laboratories Limited Pharmaceuticals 725,951 4,909.24 2.50%



14 Gujarat Gas Limited Gas 598,792 4,449.62 2.27%15 Atul Limited Chemicals 329,795 4,190.21 2.13%16 Sterlite Technologies Limited Industrial Products 4,000,497 4,082.51 2.08%

17 Credit Analysis And Research Limited Finance 270,343 3,845.09 1.96%

18 Coromandel International Limited Fertilisers 1,553,440 3,780.30 1.92%

19 NCC Limited Construction Project 4,538,869 3,744.57 1.91%20 State Bank of India Banks 1,327,205 3,584.12 1.82%

21 Sterling Holiday Resorts (India) Ltd.

Hotels, Resorts And Other Recreational Activities 1,380,550 3,579.77 1.82%

22 The Federal Bank Limited Banks 5,124,288 3,471.71 1.77%23 IndusInd Bank Limited Banks 327,978 3,206.64 1.63%24 NIIT Limited Software 3,761,422 3,065.56 1.56%25 Crompton Greaves Limited Industrial Capital Goods 1,624,147 2,983.56 1.52%26 JK Cement Limited Cement 433,686 2,960.12 1.51%27 Max India Limited Finance 518,385 2,845.16 1.45%28 Blue Dart Express Limited Transportation 40,034 2,779.20 1.41%29 Cummins India Limited Industrial Products 269,558 2,690.59 1.37%

30 Procter & Gamble Hygiene and Health Care Limited Consumer Non Durables 40,859 2,601.06 1.32%

31 Prestige Estates Projects Limited Construction 1,150,916 2,532.02 1.29%

32 Prism Cement Limited Cement 2,295,993 2,467.04 1.26%33 Havells India Limited Consumer Durables 868,662 2,424.44 1.23%34 Godrej Properties Limited Construction 803,637 2,154.55 1.10%35 Exide Industries Limited Auto Ancillaries 1,456,119 2,129.57 1.08%

36 Indian Terrain Fashions Limited Textile Products 316,185 2,082.87 1.06%

37 ABB India Limited Industrial Capital Goods 144,112 1,998.26 1.02%38 KPIT Technologies Limited Software 1,768,034 1,951.91 0.99%

39 Chennai Petroleum Corporation Limited Petroleum Products 933,553 1,791.49 0.91%

40 WPIL Ltd. Industrial Products 312,010 1,751.94 0.89%41 Persistent Systems Limited Software 256,866 1,708.42 0.87%42 Bharat Electronics Limited Industrial Capital Goods 42,740 1,703.25 0.87%43 Jyothy Laboratories Limited Consumer Non Durables 558,836 1,698.02 0.86%44 VRL Logistics Limited Transportation 439,010 1,696.33 0.86%45 Mayur Uniquoters Ltd Textile Products 384,670 1,573.88 0.80%46 Kaya Limited Consumer Non Durables 88,668 1,371.74 0.70%47 Monsanto India Limited Pesticides 38,376 1,253.63 0.64%48 Just Dial Limited Software 107,105 1,156.52 0.59%49 Oriental Bank of Commerce Banks 621,643 1,066.74 0.54%50 Finolex Industries Limited Industrial Products 350,158 965.39 0.49%51 HT Media Limited Media & Entertainment 788,983 693.12 0.35%52 EID Parry India Limited Fertilisers 399,178 591.58 0.30%53 Thomas Cook (India) Limited Services 127,397 286.20 0.15%

54 Alembic Pharmaceuticals Limited Pharmaceuticals 26,647 189.22 0.10%

55 Arvind Infrastructure Limited Construction 210,670 - *Total 187,982.37 95.70%

DEBT INSTRUMENTSBOND & NCD's Listed / awaiting listing on the stock exchanges

56 Blue Dart Express Limited ICRA AA 204,236 20.73 0.01%57 Blue Dart Express Limited ICRA AA 153,177 15.60 0.01%

Total 36.33 0.02%



Total 6,911.15 3.52%

Cash & Cash EquivalentCash Margin 21.74 0.01%Net Receivables/Payables 1,481.87 0.75%Total 1,503.61 0.75%GRAND TOTAL 196,433.46 100.00%

INCEPTION DATENov 14, 2006





Sectoral Allocation

TExTILE PRODUCTS 10.43%CONSTRUCTION PROJECT 10.13%FINANCE 9.68%BANKS 8.67%PETROLEUM PRODUCTS 6.75%PhARMACEUTICALS 5.43%INDUSTRIAL PRODUCTS 4.83%GAS 4.61%AUTO 4.51%SOFTwARE 4.01%PESTICIDES 3.95%INDUSTRIAL CAPITAL GOODS 3.41%CONSUMER NON DURABLES 2.88%

CEMENT 2.77%CONSTRUCTION 2.39%TRANSPORTATION 2.27%FERTILISERS 2.22%ChEMICALS 2.13%hOTELS, RESORTS AND OThER RECREATIONAL ACTIVITIES 1.82%CONSUMER DURABLES 1.23%AUTO ANCILLARIES 1.08%MEDIA & ENTERTAINMENT 0.35%SERVICES 0.15%DEBT INSTRUMENTS 0.02%CASh & EQUIVALENT 4.28%

Notes: 1. Classification of % of holdings based on Market Capitalisation: Large-Cap24.11%,Mid-Cap24.82%,Small-Cap24.33%,Micro-Cap19.47%2. Total Expense Ratio (F.Y. beginning to date): RP: 2.39% DP: 1.77% 3. Portfolio Turnover Ratio (Last 12 months): 0.83 4.*Less than 0.00% Since Inception Ratios: 1. Standard Deviation: 20.78% 2. Beta: 0.83 3. R-Squared:88.77%4. Sharpe Ratio:0.42


10

Portfolio

DSP BlackRock Tax Saver Fund

INVESTMENT OBJECTIVEAn Open ended equity linked savings scheme, whose primary investment objective is to seek togeneratemediumtolong-term capital appreciation from adiversifiedportfoliothatissubstantially constituted of equity and equity related securities of corporates, and to enable investors avail of a deduction from total income, as permitted under the Income Tax Act,1961 from time to time.


Sectoral Allocation

BANKS 23.72%PETROLEUM PRODUCTS 11.15%SOFTwARE 9.80%AUTO 7.49%PhARMACEUTICALS 7.36%CONSTRUCTION PROJECT 5.19%FINANCE 4.31%CONSUMER NON DURABLES 3.93%TExTILE PRODUCTS 3.42%INDUSTRIAL PRODUCTS 3.34%ChEMICALS 3.33%

GAS 2.64%CEMENT 2.53%TRANSPORTATION 2.10%AUTO ANCILLARIES 2.00%CONSTRUCTION 1.99%FERTILISERS 1.50%SERVICES 0.95%PESTICIDES 0.89%INDUSTRIAL CAPITAL GOODS 0.40%DEBT INSTRUMENTS 0.01%CASh & EQUIVALENT 1.95%

Note: 1. Total Expense Ratio (F.Y. beginning to date): RP: 2.49% DP: 1.96% 2. Portfolio Turnover Ratio (Last 12 months): 0.85. 3.*Less than 0.00% Since Inception Ratios: 1. Standard Deviation: 21.17% 2. Beta: 0.84 3.R-Squared:92.59%4. Sharpe Ratio: 0.34

Sr. No.


% to Net Assets


1 HDFC Bank Limited Banks 774,977 8,615.03 7.36%


3 Larsen & Toubro Limited Construction Project 339,518 6,081.62 5.19%4 Infosys Limited Software 478,558 5,154.31 4.40%5 Maruti Suzuki India Limited Auto 114,131 4,943.53 4.22%


7 IndusInd Bank Limited Banks 480,180 4,694.72 4.01%8 ICICI Bank Limited Banks 1,490,133 4,506.16 3.85%9 State Bank of India Banks 1,588,999 4,291.09 3.67%


11 Axis Bank Limited Banks 687,000 3,939.94 3.37%12 United Spirits Limited Consumer Non Durables 83,008 3,075.99 2.63%

13 Torrent Pharmaceuticals Limited Pharmaceuticals 205,280 2,959.42 2.53%

14 Motherson Sumi Systems Limited Auto Ancillaries 673,425 2,339.82 2.00%

15 TataMotorsLimited-AClass Auto 886,704 2,305.87 1.97%16 Bajaj Finance Limited Finance 40,941 2,256.38 1.93%17 SRF Limited Textile Products 133,005 1,849.63 1.58%18 UltraTech Cement Limited Cement 58,426 1,839.92 1.57%

19 Coromandel International Limited Fertilisers 719,490 1,750.88 1.50%

20 IPCA Laboratories Limited Pharmaceuticals 256,127 1,732.06 1.48%21 Gujarat Gas Limited Gas 226,625 1,684.05 1.44%


23 Solar Industries India Limited Chemicals 41,084 1,603.59 1.37%24 Cummins India Limited Industrial Products 158,400 1,581.07 1.35%

25 Procter & Gamble Hygiene and Health Care Limited Consumer Non Durables 23,947 1,524.45 1.30%

26 Eicher Motors Limited Auto 7,975 1,520.93 1.30%27 Atul Limited Chemicals 117,488 1,492.74 1.28%


29 HCL Technologies Limited Software 134,604 1,343.68 1.15%30 Mayur Uniquoters Ltd Textile Products 305,323 1,249.23 1.07%31 Reliance Industries Limited Petroleum Products 113,737 1,139.47 0.97%32 Shree Cements Limited Cement 9,889 1,129.46 0.96%33 Kajaria Ceramics Limited Construction 151,363 1,129.09 0.96%34 Thomas Cook (India) Limited Services 496,578 1,115.56 0.95%

35 Balmer Lawrie & Company Limited Transportation 167,606 1,059.44 0.90%

36 Finolex Cables Limited Industrial Products 412,733 1,054.95 0.90%37 Bayer Cropscience Limited Pesticides 26,031 1,041.92 0.89%

38 Dr. Reddy's Laboratories Limited Pharmaceuticals 23,602 962.04 0.82%

39 Arvind Limited Textile Products 281,817 897.45 0.77%40 CMC Limited Software 46,122 896.10 0.77%41 Union Bank of India Banks 488,546 862.28 0.74%42 Bank of Baroda Banks 475,507 844.02 0.72%43 Max India Limited Finance 151,333 830.59 0.71%44 Supreme Industries Limited Industrial Products 130,571 818.48 0.70%45 Vinati Organics Limited Chemicals 144,969 799.79 0.68%46 CRISIL Limited Finance 37,945 774.57 0.66%47 Strides Arcolab Limited Pharmaceuticals 59,720 761.16 0.65%48 Castrol India Limited Petroleum Products 154,906 760.82 0.65%49 Blue Dart Express Limited Transportation 10,228 710.04 0.61%50 Gujarat Pipavav Port Limited Transportation 291,298 686.59 0.59%51 SKSMicrofinanceLimited Finance 108,760 632.82 0.54%52 Somany Ceramics Limited Construction 166,188 622.54 0.53%53 MBL Infrastructures Limited Construction 205,098 580.32 0.50%54 Cadila Healthcare Limited Pharmaceuticals 30,665 578.60 0.49%55 Repco Home Finance Limited Finance 79,613 549.29 0.47%56 Siemens Limited Industrial Capital Goods 32,000 465.68 0.40%57 Wim Plast Ltd. Industrial Products 21,608 456.04 0.39%58 Arvind Infrastructure Limited Construction 28,181 - *

Total 114,762.59 98.04%


59 Blue Dart Express Limited ICRA AA 58,072 5.89 0.01%60 Blue Dart Express Limited ICRA AA 43,554 4.44 *

Total 10.33 0.01%



Total 2,448.61 2.09%

Cash & Cash EquivalentNet Receivables/Payables (145.02) (0.14%)Total (145.02) (0.14%)GRAND TOTAL 117,076.51 100.00%

REDEMPTION PROCEEDSNormally within 3 Business Days from acceptance of redemption request (subject to completion of the3yearLock-inPeriod).

ASSET ALLOCATIONEquity and equity related securities: 80% to 100%

Of above, investments in ADRs, GDRs and foreign equity securities: 0% to 20%Debt, securitised debt* and money market securities: 0% to 20%* Exposure to securitised debt will not exceed 10% of the net assets of the Scheme.

FEATURES

PLANS: REGULAR PLAN (RP) & DIRECT PLAN (DP)•RepurchaseofUnitsonlyafter completionof3yearlock-inperiod•Minimuminvestmentandminimumadditional purchase (RP & DP)

•Entryload:NotApplicable•Exitload:NotApplicable

500/-andanyamountthereafter•Optionsavailable:(RP&DP)•Growth •Dividend- Payout Dividend

INCEPTION DATEJan 18, 2007






11

DSP BlackRock Micro Cap Fund

Portfolio

INVESTMENT OBJECTIVEAnopenendeddiversifiedequity growth scheme seeking to generate long term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities, which are not part of the top 300 companies by market capitalisation. From time to time, the Investment Manager will also seek participation in other equity and equity related securities to achieve optimal portfolio construction.

ASSET ALLOCATION1 (a) Equity and equity related securities which are not part of the top 300 stocks by market capitalization:65%-100%,1 (b) Equity and equity related securities which are in the top 300 stocks by market capitalization: 0%-35%of 1 (a) & (b) above, investments in ADRs, GDRs and foreign securities:0%-25%2. Debt* and Money Market Securities:0%-35%*Debt Instruments may include securitised debts up to 10% of the net assets of the Scheme.


FUND MANAGERVinit SambreTotal work experience of 16 years. Managing this Scheme since June 2010.

Jay Kothari (Dedicated fund manager for overseas investment)Total work experience of 12 years. Managing this Scheme since March 2013.

INCEPTION DATEJun 14, 2007

FEATURES


1,000/-&anyamountthereafter•Optionsavailable:(RP&DP)

•Growth•Dividend- Payout Dividend- Reinvest Dividend

•Entryload:NotApplicable •Exitload: Holding period <24 months: 1% Holding period >=24 months: Nil

The exit load of the Scheme has been changed on prospective basis for investments made on or after August 1, 2015. Investors are re-quested to read the relevant notice and addenda to the SID and KIM available at www.dspblackrock.com for further details.

Sr. No.


% to Net Assets


1 Indoco Remedies Limited Pharmaceuticals 2,913,658 9,934.12 4.65%2 SRF Limited Textile Products 675,233 9,390.13 4.39%3 K.P.R. Mill Limited Textile Products 1,182,441 9,096.52 4.26%4 DCB Bank Limited Banks 6,353,607 8,409.00 3.94%

5 Eveready Industries India Limited Consumer Non Durables 2,350,187 7,745.04 3.62%

6 Sharda Cropchem Limited Pesticides 2,227,174 7,610.25 3.56%

7 Solar Industries India Limited Chemicals 164,230 6,410.23 3.00%

8 SKSMicrofinanceLimited Finance 1,080,579 6,287.35 2.94%9 Finolex Cables Limited Industrial Products 2,426,561 6,202.29 2.90%

10 Repco Home Finance Limited Finance 866,235 5,976.59 2.80%

11 Aarti Industries Limited Chemicals 1,406,788 5,877.56 2.75%

12 Navin Fluorine International Limited Chemicals 446,712 5,749.41 2.69%

13 Kalpataru Power Transmission Limited Power 2,025,716 5,495.77 2.57%

14 Atul Limited Chemicals 392,356 4,985.08 2.33%15 Capital First Limited Finance 1,144,615 4,730.69 2.21%

16 Chambal Fertilizers & Chemicals Limited Fertilisers 6,996,338 4,222.29 1.98%

17 Siti Cable Network Limited Media & Entertainment 11,754,575 4,184.63 1.96%18 CEAT Limited Auto Ancillaries 448,911 4,108.66 1.92%19 Mayur Uniquoters Ltd Textile Products 983,413 4,023.63 1.88%20 Welspun Corp Limited Ferrous Metals 2,611,240 3,807.19 1.78%21 Essel Propack Limited Industrial Products 2,439,660 3,777.81 1.77%22 APL Apollo Tubes Limited Ferrous Metals 812,839 3,588.68 1.68%23 Symphony Limited Consumer Durables 204,230 3,534.10 1.65%24 Astral Poly Technik Limited Industrial Products 881,118 3,275.12 1.53%25 Finolex Industries Limited Industrial Products 1,173,301 3,234.79 1.51%26 IPCA Laboratories Limited Pharmaceuticals 439,519 2,972.25 1.39%27 WABCO India Limited Auto Ancillaries 48,759 2,953.58 1.38%28 JK Lakshmi Cement Limited Cement 863,134 2,912.21 1.36%29 Kennametal India Ltd. Industrial Capital Goods 359,184 2,900.41 1.36%30 Swaraj Engines Limited Industrial Products 308,981 2,838.30 1.33%31 Siyaram Silk Mills Limited Textile Products 221,697 2,718.12 1.27%32 Cera Sanitaryware Limited Construction 132,027 2,634.00 1.23%

33 Maharashtra Seamless Limited Ferrous Metals 1,404,879 2,610.27 1.22%

34 NIIT Technologies Limited Software 528,404 2,548.23 1.19%35 Triveni Turbine Limited Industrial Capital Goods 1,983,616 2,481.50 1.16%

36 8K Miles Software Services Limited Software 303,529 2,471.79 1.16%

37 Somany Ceramics Limited Construction 656,068 2,457.63 1.15%38 Aarti Drugs Limited Pharmaceuticals 342,962 2,446.18 1.14%

39 Manappuram Finance Limited Finance 8,723,343 2,368.39 1.11%

40 Kewal Kiran Clothing Limited Textile Products 97,253 2,128.24 1.00%

41 MBL Infrastructures Limited Construction 717,634 2,030.55 0.95%42 KSB Pumps Limited Industrial Products 317,893 1,980.63 0.93%43 NRB Bearing Limited Industrial Products 1,665,233 1,844.25 0.86%44 Excel Crop Care Limited Pesticides 211,367 1,834.45 0.86%45 KNR Constructions Limited Construction 287,556 1,651.00 0.77%

46 Kirloskar Ferrous Industries Ltd. Ferrous Metals 2,574,095 1,597.23 0.75%

47 Disa India Ltd. Industrial Products 36,763 1,580.44 0.74%48 Suprajit Engineering Limited Auto Ancillaries 1,036,718 1,467.99 0.69%

49 J.Kumar Infraprojects Limited Construction 186,032 1,379.43 0.65%

50 Chennai Petroleum Corporation Limited Petroleum Products 699,357 1,342.07 0.63%

51 City Union Bank Limited Banks 1,250,000 1,263.75 0.59%52 Fiem Industries Limited Auto Ancillaries 175,000 1,114.58 0.52%53 Strides Arcolab Limited Pharmaceuticals 84,916 1,082.30 0.51%


54 Automobile Corporation of Goa Ltd. Auto 175,505 976.86 0.46%

55 Sun Pharma Advanced Research Company Limited Pharmaceuticals 199,712 818.12 0.38%

56 Indian Bank Banks 588,689 779.42 0.36%

57 Ratnamani Metals & Tubes Limited Ferrous Metals 136,696 779.03 0.36%

58 Career Point Limited DiversifiedConsumerServices 284,144 447.67 0.21%

Total 205,067.80 95.94%



Total 8,620.19 4.03%

Cash & Cash EquivalentNet Receivables/Payables (12.30) 0.03%Total (12.30) 0.03%GRAND TOTAL 213,675.69 100.00%

Note: 1. Total Expense Ratio (F.Y. beginning to date): RP: 2.41% DP: 1.71% 2. Classificationof % of holdings based on Market Capitalisation: Large-Cap 0.00%, Mid-Cap 8.06%,Small-Cap 16.62%, Micro-Cap 71.30%. 3. Portfolio Turnover Ratio (Last 12 months): 0.25 Since Inception Ratios: 1. Standard Deviation: 28.92% 2. Beta: 0.89 3.R-Squared:91.48%4. Sharpe Ratio: 0.39

Sectoral AllocationTExTILE PRODUCTS 12.80%INDUSTRIAL PRODUCTS 11.57%ChEMICALS 10.77%FINANCE 9.06%PhARMACEUTICALS 8.07%FERROUS METALS 5.79%BANKS 4.89%CONSTRUCTION 4.75%AUTO ANCILLARIES 4.51%PESTICIDES 4.42%CONSUMER NON DURABLES 3.62%

POwER 2.57%INDUSTRIAL CAPITAL GOODS 2.52%SOFTwARE 2.35%FERTILISERS 1.98%MEDIA & ENTERTAINMENT 1.96%CONSUMER DURABLES 1.65%CEMENT 1.36%PETROLEUM PRODUCTS 0.63%AUTO 0.46%DIVERSIFIED CONSUMER SERVICES 0.21%CASh & EQUIVALENT 4.06%


NAV AS ON July 31, 2015$


Investors are requested to note that with effect from October 1, 2014, no fresh purchase/additionalpurchase/switch ins/STP-ins/SIP-insamountingtomorethan Rs. 2 Lakh (Rupees Two Lakh) shall be accepted under any plan of the Scheme. Investors are requested to read the relevant notice and addenda to the SID and KIM available at www.dspblackrock.com for further details. The suspension of aforesaid transactions will continue till issuance of further notice.


12

DSP BlackRock Focus 25 Fund

Portfolio

INVESTMENT OBJECTIVETheprimaryinvestmentobjectiveoftheSchemeistogeneratelong-termcapitalgrowthfromaportfolioofequityandequity-relatedsecuritiesincluding equity derivatives. The portfolio will largely consist of companies, which are amongst the top 200 companies by market capitalisation. The portfolio will limit exposure to companies beyond the top 200 companies by market capitalization upto 20% of the net asset value. The Schemewillnormallyholdequityandequity-relatedsecuritiesincludingequityderivatives,ofupto25companies.Further,theSchemewillalsohave at least 95% of the invested amount (excluding investments in debt securities, money market securities and cash and cash equivalents) across the top 25 holdings in the portfolio. The Scheme may also invest in debt and money market securities, for defensive considerations and/or for managing liquidity requirements. There can be no assurance that the investment objective of the Scheme will be realized.

Sectoral Allocation

TRANSPORTATION 5.43%CONSTRUCTION PROJECT 5.33%INDUSTRIAL PRODUCTS 4.71%PhARMACEUTICALS 3.46%FERTILISERS 2.45%GAS 1.72%CASh & EQUIVALENT 0.75%

BANKS 22.99%AUTO 17.92%PETROLEUM PRODUCTS 10.32%SOFTwARE 7.55%CONSUMER NON DURABLES 6.10%CEMENT 5.73%FINANCE 5.54%

ASSET ALLOCATION1(a) Equity and equity related securities, which are amongst the top 200 companies by market capitalization*-65%-100%;1(b) Equity and equity related securities, which are beyond the top 200 companies by market capitalization–0%-20%;Of1(a)and 1(b) above, investments in ADRs, GDRs and foreign securities –0%-25%;2.Debtsecurities,money market securities and cash andcashequivalents–0%-35%.*The portfolio will largely consist of companies, which are amongst the top 200 companies by market capitalisation. The portfolio will limit exposure to companies beyond the top 200 companies by market capitalization to 20% of the net asset value. The Scheme will also have at least 95% of the invested amount (excluding investments in debt securities, money market securities and cash and cash equivalents) across the top 25 holdings in the portfolio.


FUND MANAGER Harish ZaveriTotal work experience of 20 years. Managing this Scheme since December 2014

Jay Kothari (dedicated fund manager for managing overseas investments) Total work experience of 12 years. Managing this Scheme since March 2013

FEATURES


1,000/-&anyamountthereafter•Optionsavailable(RP&DP)•Growth•Dividend - Payout Dividend - Reinvest Dividend


The exit load of the Scheme has been changed on prospective basis for investments made on or after August 1, 2015. Investors are requested to read the relevant notice and addenda to the SID and KIM available at www.dspblackrock.com for further details.


Note: 1. Total Expense Ratio (F.Y. beginning to date): RP: 2.86% DP: 2.18% 2. Portfolio Turnover Ratio (Last 12 months): 1.01 Since Inception Ratios: 1. Standard Deviation: 15.89% 2. Beta: 0.91 3.R-Squared:85.36%4. Sharpe Ratio: 0.27

Sr. No.


% to Net Assets


1 HDFC Bank Limited Banks 356,533 3,963.40 7.28%


3 Maruti Suzuki India Limited Auto 79,990 3,464.73 6.36%4 State Bank of India Banks 1,250,383 3,376.66 6.20%5 Max India Limited Finance 549,125 3,013.87 5.54%6 Larsen & Toubro Limited Construction Project 162,023 2,902.24 5.33%


8 Britannia Industries Limited Consumer Non Durables 86,171 2,717.53 4.99%9 IndusInd Bank Limited Banks 271,275 2,652.26 4.87%10 Cummins India Limited Industrial Products 257,093 2,566.17 4.71%11 Axis Bank Limited Banks 440,731 2,527.59 4.64%12 UltraTech Cement Limited Cement 60,093 1,892.42 3.48%13 Cadila Healthcare Limited Pharmaceuticals 99,695 1,881.10 3.46%14 Reliance Industries Limited Petroleum Products 183,861 1,842.01 3.38%15 Eicher Motors Limited Auto 9,355 1,784.11 3.28%16 Ashok Leyland Limited Auto 1,907,095 1,610.54 2.96%

17 Adani Ports and Special Economic Zone Limited Transportation 461,268 1,499.12 2.75%

18 Tata Motors Limited Auto 384,739 1,476.82 2.71%19 Gujarat Pipavav Port Limited Transportation 618,286 1,457.30 2.68%20 Hero MotoCorp Limited Auto 53,022 1,422.42 2.61%

21 Coromandel International Limited Fertilisers 548,282 1,334.24 2.45%

22 Infosys Limited Software 116,023 1,249.63 2.30%23 Shree Cements Limited Cement 10,706 1,222.77 2.25%24 Gujarat Gas Limited Gas 126,127 937.25 1.72%25 Kaya Limited Consumer Non Durables 38,881 601.51 1.11%

Total 54,031.78 99.25%



Total 1,194.36 2.19%







13

Portfolio

INVESTMENT OBJECTIVEAn Open ended equity growth Scheme seeking to generate long term capital appreciation and provide long term growth opportunities by investing in equity and equity related securities of companiesdomiciledinIndiawhosepre-dominant economic activity is in the: (a) discovery, development, production, or distribution of natural resources, viz., energy, mining etc; (b) alternative energy and energy technology sectors, with emphasis given to renewable energy,automotiveandon-sitepowergeneration, energy storage and enabling energy technologies. The Scheme will also invest a certain portion of its corpus in the equity and equity related securities of companies domiciled overseas, which are principally engaged in the discovery, development, production or distribution of natural resources and alternative energy and/or the units/shares of BlackRock Global Funds – New Energy Fund, BlackRock Global Funds – World Energy Fund and similar other overseas mutual fund schemes.

ASSET ALLOCATION1. Equity and Equity related Securities of companies domiciled in India, and principally engaged in the discovery, development, production or distribution of Natural Resources and Alternative Energy:65%-100%,2.(a)EquityandEquity related Securities of companies domiciled overseas, and principally engaged in the discovery, development, production or distribution of Natural Resources and Alternative Energy (b) Units/Shares of (i) BGF – New Energy Fund (ii) BGF – World Energy Fund and (iii) Similar other overseas mutual fund schemes:0%-35%3.DebtandMoneyMarketSecurities:0%-20%


Jay Kothari (Dedicated fund manager for overseas investment)Total work experience of 12 years. Managing this Scheme since March 2013.


INCEPTION DATEApr 25, 2008

DSP BlackRock Natural Resources and New Energy Fund

FEATURES

PLANS: REGULAR PLAN (RP) & DIRECT PLAN (DP)•Minimuminvestmentandminimum additional purchase (RP & DP)1,000/-&anyamount

thereafter


Holding Period:< 12 months: 1%>= 12 months: Nil

•Optionsavailable:(RP&DP)•Growth•Dividend - Payout Dividend - Reinvest Dividend

Sectoral Allocation

PETROLEUM PRODUCTS 46.86%GAS 19.84%NON - FERROUS METALS 9.32%MINERALS/MINING 5.81%FERROUS METALS 4.92%

PESTICIDES 3.73%OIL 2.54%FERTILISERS 2.52%ChEMICALS 1.44%CASh & EQUIVALENT 3.02%

Notes: 1. Total Expense Ratio (F.Y. beginning to date): RP: 2.95% DP: 2.48% 2. Portfolio Turnover Ratio (Last 12 months): 1.33 Since Inception Ratios: 1. Standard Deviation: 19.95% 2. Beta: 0.66 3.R-Squared:58.04%4. Sharpe Ratio: 0.06

Sr. No.


% to Net Assets


1 Hindustan Petroleum Corporation Limited Petroleum Products 72,310 666.45 11.48%

2 Bharat Petroleum Corporation Limited Petroleum Products 58,351 540.77 9.32%

3 Gujarat State Petronet Limited Gas 391,142 507.31 8.74%

4 Reliance Industries Limited Petroleum Products 43,185 432.65 7.45%5 Hindustan Zinc Limited Non-FerrousMetals 261,839 411.22 7.09%

6 Indian Oil Corporation Limited Petroleum Products 86,124 371.50 6.40%

7 Coal India Limited Minerals/Mining 76,844 337.38 5.81%8 Castrol India Limited Petroleum Products 62,964 309.25 5.33%9 Gujarat Gas Limited Gas 40,832 303.42 5.23%

10 MangaloreRefineryandPetrochemicals Limited Petroleum Products 414,947 301.67 5.20%

11 Tata Steel Limited Ferrous Metals 115,666 285.58 4.92%12 Monsanto India Limited Pesticides 6,633 216.68 3.73%13 Indraprastha Gas Limited Gas 41,192 199.43 3.44%14 Oil India Limited Oil 34,088 147.38 2.54%


16 GAIL (India) Limited Gas 39,707 140.94 2.43%

17 National Aluminium Company Limited Non-FerrousMetals 364,412 129.18 2.23%

18 Chennai Petroleum Corporation Limited Petroleum Products 50,705 97.30 1.68%

19 Phillips Carbon Black Limited Chemicals 62,709 83.37 1.44%Total 5,628.02 96.98%



Total 174.91 3.01%







14

Notes: 1. ^^Fund domiciled in Luxembourg 2. Total Expense Ratio (F.Y. beginning to date): RP: 1.74% DP: 1.33%

Sr. No.


% to Net Assets



Total 699.63 3.88%

OThERSForeign Securities

2BlackRockGlobalFunds-WorldGold Fund (Class I2 USD Shares)^^

1,295,717 17,382.38 96.41%

Total 17,382.38 96.41%


Portfolio INVESTMENT OBJECTIVEAn open ended Fund of Funds scheme seeking to generate capital appreciation by investing predominantly in units of BlackRock Global Funds -World Gold Fund (BGF-WGF). The Schememay, atthe discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significantpartofitscorpus.

ASSET ALLOCATION1. Units of BGF – WGF# or other similar overseas mutual fund scheme(s): 90% to 100%;

2. Money market securities and/or units of money market/liquid schemes of DSP BlackRock Mutual Fund: 0% to 10%.#InthesharesofBGF-WGF,an Undertaking for Collective Investment in Transferable Securities (UCITS) III Fund.

FUND MANAGER Jay Kothari (Dedicated fund manager for overseas investment)Total work experience of 12 years. Managing this scheme since March 2013.

INCEPTION DATESep 14, 2007

DSP BlackRock world Gold Fund


REDEMPTION PROCEEDS Normally within 5 Business Days from acceptance of redemption request




FEATURES

PLANS: REGULAR PLAN (RP) & DIRECT PLAN (DP)•Minimuminvestmentandminimumadditionalpurchase(RP&DP)

1,000/-&anyamountthereafter•Optionsavailable:(DP&RP) •Growth •Dividend -PayoutDividend -ReinvestDividend

•Entryload:NotApplicable•ExitLoad: Holding period <24 months: 1% Holding period >=24 months: Nil



Sr. No.


% to Net Assets

MONEY MARKET INSTRUMENTS1 CBLO / Reverse Repo Investments 49.97 5.64%

Total 49.97 5.64%


2BlackRockGlobalFunds-WorldMining Fund (Class I2 USD Shares)^^

44,809 809.05 91.26%

Total 809.05 91.26%

Cash & Cash EquivalentNet Receivables/Payables 27.48 3.10%Total 27.48 3.10%GRAND TOTAL 886.50 100.00%

INVESTMENT OBJECTIVEThe primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in the units of BlackRock GlobalFunds–WorldMiningFund(BGF-WMF).TheSchememay,atthe discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significantpartofitscorpus.TheSchememayalsoinvestacertainportion of its corpus in money market securities and/or money market/liquid schemes of DSP BlackRock Mutual Fund, in order to meet liquidity requirements from time to time. There is no assurance that the investment objective of the Scheme will be realised.


PortfolioFUND MANAGER Jay Kothari (Dedicated fund manager for overseas investment)Total work experience of 12 years. Managing this scheme since March 2013.

ASSET ALLOCATION1. Units of BGF – WMF# or other similar overseas mutual fund scheme(s): 80% to 100%;

2. Money market securities and/or units of money market/liquid schemes of DSP BlackRock Mutual Fund: 0% to 20%.

#In the shares of BGF – WMF, an Undertaking for Collective Investment in Transferable Securities (UCITS) III fund.

INCEPTION DATEDec 29, 2009

TOTAL AUM AS ON July 31, 20158.86 Cr.




FEATURES





DSP BlackRock world Mining Fund


$Investors are requested to visit the website of DSP BlackRock Mutual Fund (‘the Fund’)atwww.dspblackrock.comorAMFI’swebsiteatwww.amfiindia.com forNAVat each plan and option level for the Schemes of the Fund, which is updated on each business day.

15


Sr. No.


% to Net Assets


Total 74.96 3.11%


2 BlackRockGlobalFunds-WorldEnergy Fund (Class I2 USD Shares)^^ 151,322 1,817.92 75.39%

3 BlackRockGlobalFunds-NewEnergyFund (Class I2 USD Shares)^^ 94,999 504.67 20.93%

Total 2,322.59 96.32%


INVESTMENT OBJECTIVEAn open ended Fund of Funds Scheme seeking to generate capital appreciation by investing predominantly in the units of BlackRock Global Funds-WorldEnergyFund(BGF-WEF)andBlackRockGlobalFunds-NewEnergy Fund (BGF-NEF).The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes,whichmay constitute a significant part of itscorpus. The Scheme may also invest a certain portion of its corpus in money market securities and/or money market liquid Schemes of DSPBRMF, in order to meet liquidity requirements from time to time.


DSP BlackRock world Energy Fund

Portfolio FUND MANAGER Jay Kothari (Dedicated fund manager for overseas investment)Total work experience of 12 years. Managing this scheme since March 2013.

ASSET ALLOCATION1. Units of BGF – WEF# or other similar overseas mutual fund scheme(s): 50% to 100%

2. Units of BGF – NEF# or other similar overseas mutual fund scheme(s): 0% to 30% 3. Money market securities and/or units of money market/liquid schemes of DSP BlackRock Mutual Fund: 0% to 20%#in the shares of BGF – WEF and BGF – NEF, Undertaking for Collective Investment in Transferable Securities (UCITS) III fund

INCEPTION DATEAug 14, 2009





FEATURES






Sr. No.


% to Net Assets


Total 74.96 2.36%


2BlackRockGlobalFunds-WorldAgriculture Fund (Class I2 USD Shares)^^

363,326 3,090.50 97.45%

Total 3,090.50 97.45%


INVESTMENT OBJECTIVEThe primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in the units of BlackRock Global Funds – World Agriculture Fund (BGF – WAF). 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 asignificantpartofitscorpus.TheSchememayalsoinvestacertainportion of its corpus in money market securities and/or money market/liquid schemes of DSP BlackRock Mutual Fund, in order to meet liquidity requirements from time to time. However, there is no assurance that the investment objective of the Scheme will be realised. It shall be noted ‘similar overseas mutual fund schemes’ shall have investment objective, investment strategy and risk profile/considerationsimilartothoseofBGF–WAF.

Portfolio FUND MANAGERJay Kothari (Dedicated fund manager for overseas investment)Total work experience of 12 years. Managing this scheme since March 2013.

ASSET ALLOCATION1. Units of BGF – WAF# or other similar overseas mutual fund scheme(s): 95% to 100%;

2. Money market securities and/or units of money market/liquid schemes of DSP BlackRock Mutual Fund: 0% to 5%; #in the shares of BGF – WAF, an Undertaking for Collective Investment in Transferable Securities (UCITS) III fund.

INCEPTION DATEOct 19, 2011

TOTAL AUM AS ON July 31, 201531.71 Cr.Regular Plan

Growth- 14.9650Direct PlanGrowth- 15.0915


FEATURES





DSP BlackRock world Agriculture Fund


$Investors are requested to visit the website of DSP BlackRock Mutual Fund (‘the Fund’) atwww.dspblackrock.comorAMFI’swebsiteatwww.amfiindia.comforNAVateachplanand option level for the Schemes of the Fund, which is updated on each business day.


16

DSP BlackRock US Flexible* Equity Fund

Sr. No.


% to Net Assets


Total 484.74 3.59%


2 BlackRockGlobalFunds-USFlexibleEquity Fund (Class I2 USD Shares)^^ 1,232,352 13,069.69 96.79%

Total 13,069.69 96.79%


*Theterm“Flexible”inthenameoftheSchemesignifiesthattheInvestmentManagerof the Underlying Fund can invest either in growth or value investment characteristic securities placing an emphasis as the market outlook warrants.

Notes 1. ^^Fund domiciled in Luxembourg 2. Total Expense Ratio (F.Y. beginning to date): RP: 2.03% DP: 1.48%

Portfolio

INVESTMENT OBJECTIVEThe 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).TheSchememay, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constituteasignificantpartofits corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/ or money market/liquid schemes of DSP BlackRock Mutual Fund, in order to meet liquidity requirements from time to time. However, there is no assurance that the investment objective of the Scheme will be realized. It shall be noted ‘similar overseas mutual fund schemes’ shall have investment objective, investment strategy andriskprofile/considerationsimilar to those of BGF – USFEF. The term “Flexible” in the name oftheSchemesignifiesthatthe Investment Manager of the Underlying Fund can invest either in growth or value investment characteristic securities placing an emphasis as the market outlook warrants.

ASSET ALLOCATION1. Units of BGF – USFEF# or other similar overseas mutual fund scheme(s): 95% to 100%

2. Money market securities and/or units of money market/liquid schemes of DSP BlackRock Mutual Fund: 0% to 5%

#in the shares of BGF – USFEF, an Undertaking for Collective Investment in Transferable Securities (UCITS) III fund.

FUND MANAGER Jay Kothari (Dedicated fund manager for overseas investment) Total work experience of 12 years. Managing this Scheme since March 2013.

Laukik BagweTotal work experience of 14 years. Managing this Scheme since July 2012.

INCEPTION DATEAugust 03, 2012






FEATURES


1,000/-&anyamountthereafter•Optionsavailable:(RP&DP) •Growth •Dividend -PayoutDividend -ReinvestDividend




17

DSP BlackRock Global Allocation Fund

Portfolio

INVESTMENT OBJECTIVEThe primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in units of BlackRock Global Funds Global Allocation Fund (BGF-GAF).TheSchememay,atthe discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significantpartofitscorpus.TheScheme may also invest a certain portion of its corpus in money market securities and/ or money market/liquid schemes of DSP BlackRock Mutual Fund, in order to meet liquidity requirements from time to time. However, there is no assurance that the investment objective of the Scheme will be realized. It shall be noted ‘similar overseas mutual fund schemes’ shall have investment objective, investment strategy and riskprofile/considerationsimilartothose of BGF – GAF.

FUND MANAGERJay Kothari (Dedicated fund manager for overseas investment)Total work experience of 12 years. Managing this Scheme since August 2014.

Laukik BagweTotal work experience of 14 years. Managing this Scheme since August 2014.

ASSET ALLOCATIONUnits of BGF – GAF # or other similar overseas mutual fund scheme(s): 95% -100%

Money market securities and/or units of money market/liquid schemes of DSPBlackRockMutualFund:0%-5%

#in the shares of BGF – GAF, an Undertaking for Collective Investment in Transferable Securities (UCITS) III fund

INCEPTION DATEAug 21, 2014


Sr. No.

Name of Instrument Rating/Industry Quantity Market value

( In lakhs)

% to Net Assets


Total 199.89 3.64%


2 BlackRockGlobalFunds-GlobalAllocation Fund (Class I2 USD Shares)^^ 153,670 5,268.88 95.97%

Total 5,268.88 95.97%





Notes : 1. ^^Fund domiciled in Luxembourg 2. Total Expense Ratio (Since inception till date): RP: 1.91% DP: 1.38%

FEATURES


1,000/-&multipleof 1 thereafter

•Optionsavailable(RP&DP)•Growth•Dividend - Payout Dividend - Reinvest Dividend




$Investors are requested to visit the website of DSP BlackRock Mutual Fund (‘the Fund’) atwww.dspblackrock.comorAMFI’swebsite atwww.amfiindia.com forNAVat each plan and option level for the Schemes of the Fund, which is updated on each business day.

18

Note: Total Expense Ratio (F.Y. beginning to date): RP: 2.12% DP: 1.23%

Sr. No.

Name of Instrument Rating/Industry Quantity Market value

( In lakhs)

% to Net Assets


Total 1,084.38 0.95%

Mutual Funds

2 DSPBlackRockStrategicBondFund-Direct-Dividend 6,060,184 70,090.54 61.63%

3 DSPBlackRockShortTermFund-Direct-Dividend 184,354,481 21,289.07 18.72%

4 DSPBlackRockEquityFund-Direct-Growth 25,812,961 7,554.16 6.64%

5 DSPBlackRockTop100EquityFund-Direct-Growth 4,030,638 6,703.88 5.89%

6 DSPBlackRockMoneyManagerFund-Direct-Dividend 621,692 6,483.19 5.70%

Total 112,120.84 98.58%


INVESTMENT OBJECTIVEThe investment objective of the Scheme is to seek capital appreciation by managing the asset allocation between specifiedequitymutualfundsschemes and debt mutual funds schemes of DSP BlackRock Mutual Fund.

The Scheme will dynamically manage the asset allocation betweenthespecifiedequitymutual funds schemes and debt mutual funds schemes of DSP BlackRock Mutual Fund based on the relative valuation of equity and debt markets. The Scheme may also invest a certain portion of its corpus in money market securities and/ or money market/liquid schemes of DSP BlackRock Mutual Fund, in order to meet liquidity requirements from time to time. However, there is no assurance that the investment objective of the Scheme will be realized.


PortfolioFUND MANAGERHarish Zaveri (Equity)Total work experience of 20 years. Managing this Scheme since July 2015.

Dhawal Dalal (Debt)Total work experience of 16 years. Managing this Scheme since February 2014

ASSET ALLOCATION1. Units of DSP BlackRock Equity Fund and/or DSP BlackRock Top 100 EquityFundand/orotherspecifiedschemes of DSP BlackRock Mutual Fund:10%-90%

2. Units of DSP BlackRock Strategic Bond Fund and/or DSP BlackRock Short Term Fund and/or other specifiedschemesofDSPBlackRockMutualFund:10%-90%

3. Money market securities and/or units of money market/liquid schemes of DSP BlackRock Mutual Fund:0%-10%.

INCEPTION DATEFeb 06, 2014



Reference Yield Gap: 1.727

ReferenceModifiedYieldGap: 1.686

Model recommended asset allocation#: Equity: 10%, Fixed Income: 90%



Levels of Yield Gap /Modified Yield Gap#

FEATURES


1,000/-&anyamountthereafter.•Optionsavailable:(DP&RP) •Growth •MonthlyDividend -PayoutDividend -ReinvestDividend

•Entryload:NotApplicable•ExitLoad: Holding Period: <= 1 year: 1%

> 1 year & <= 2 years: 0.5%> 2 years: Nil

The exit load of the Scheme has been changed on prospective basis for investments made on or after August 1, 2015. Investors are requested to read the relevant notice and addenda to the SID and KIM available at www.dspblack-rock.com for further details.

DSP BlackRock Dynamic Asset Allocation Fund

#as on July 31, 2015


19

DSP BlackRock Balanced Fund

Portfolio FUND MANAGERVinit SambreTotal work experience of 16 years. Managing this Scheme since December 2014.

Dhawal Dalal (Debt)Total work experience of 16 years. Managing this Scheme since November 2012

INVESTMENT OBJECTIVEAn Open Ended balanced Scheme, seeking to generate long term capital appreciation and current income from a portfolio constituted of equity and equity related securitiesaswellasfixedincomesecurities (debt and money market securities).

REDEMPTION PROCEEDSNormally within 3 Business Days from acceptance of redemption request

ASSET ALLOCATIONEquity & equity related securities : 65%-75%. Fixed income securities (Debt securities, Securitised debt & Money marketsecurities):25%-35%.

FEATURES


Sr. No.


% to Net Assets


1 HDFC Bank Limited Banks 376,416 4,184.43 5.45%2 SRF Limited Textile Products 268,655 3,736.05 4.87%3 Britannia Industries Limited Consumer Non Durables 94,587 2,982.94 3.89%4 Infosys Limited Software 194,804 2,098.14 2.73%5 IndusInd Bank Limited Banks 199,364 1,949.18 2.54%6 Axis Bank Limited Banks 335,117 1,921.90 2.50%7 Tata Motors Limited Auto 478,294 1,835.93 2.39%8 LIC Housing Finance Limited Finance 364,475 1,819.46 2.37%

9 Sarla Performance Fibers Limited Textiles-Synthetic 300,000 1,776.30 2.31%

10 IPCA Laboratories Limited Pharmaceuticals 239,873 1,622.14 2.11%11 Finolex Cables Limited Industrial Products 633,896 1,620.24 2.11%

12 Dr. Reddy's Laboratories Limited Pharmaceuticals 39,643 1,615.89 2.11%



15 Cadila Healthcare Limited Pharmaceuticals 73,121 1,379.68 1.80%16 SKSMicrofinanceLimited Finance 228,068 1,327.01 1.73%17 Maruti Suzuki India Limited Auto 28,493 1,234.16 1.61%


19 Sharda Cropchem Limited Pesticides 341,485 1,166.85 1.52%20 Bayer Cropscience Limited Pesticides 29,082 1,164.04 1.52%



23 Strides Arcolab Limited Pharmaceuticals 85,828 1,093.92 1.43%24 Eicher Motors Limited Auto 5,500 1,048.92 1.37%25 Finolex Industries Limited Industrial Products 361,769 997.40 1.30%


27 Motherson Sumi Systems Limited Auto Ancillaries 224,700 780.72 1.02%


29 Oil & Natural Gas Corporation Limited Oil 272,297 742.55 0.97%

30 Tech Mahindra Limited Software 130,030 690.07 0.90%

31 Credit Analysis And Research Limited Finance 46,906 667.14 0.87%

32 Mayur Uniquoters Ltd Textile Products 158,845 649.91 0.85%33 Phillips Carbon Black Limited Chemicals 487,202 647.74 0.84%34 Bosch Limited Auto Ancillaries 2,597 640.67 0.83%35 Monsanto India Limited Pesticides 18,565 606.46 0.79%36 MindTree Limited Software 47,020 601.69 0.78%

37 Chennai Petroleum Corporation Limited Petroleum Products 294,178 564.53 0.74%

38 Prestige Estates Projects Limited Construction 211,279 464.81 0.61%

39 Bank of India Banks 242,549 395.35 0.52%40 Gujarat Gas Limited Gas 50,882 378.10 0.49%41 Jubilant Life Sciences Limited Pharmaceuticals 103,400 272.92 0.36%42 Crompton Greaves Limited Industrial Capital Goods 91,280 167.68 0.22%43 Persistent Systems Limited Software 23,223 154.46 0.20%

Total 53,071.79 69.18%

Unlisted

44 SIP Technologies & Export Limited Software 52,521 - *

Total - *


45 Punjab National Bank CRISIL AAA 250 2,470.22 3.22%46 Indian Overseas Bank CARE A 250 2,371.28 3.09%47 Piramal Enterprises Limited ICRA AA 194 1,933.96 2.52%

48 IDFC Limited ICRA AAA 110 1,095.98 1.43%49 NTPC Limited CRISIL AAA 100 1,052.31 1.37%

50 Housing Development Finance Corporation Limited CRISIL AAA 190 948.82 1.24%

51 Fullerton India Credit Company Ltd ICRA AA+ 55 553.24 0.72%

52 GAIL (India) Limited CARE AAA 50 498.86 0.65%53 IDFC Limited ICRA AAA 42 420.76 0.55%

54 RuralElectrificationCorporation Limited CRISIL AAA 28 285.80 0.37%

55 Bajaj Finance Limited ICRA AA+ 27 272.33 0.35%

56 JM Financial Credit Solutions Limited ICRAAA- 23 229.46 0.30%


58 Cholamandalam Investment and Finance Company Limited ICRA AA 13 159.96 0.21%

59 Tata Motors Limited CARE AA+ 15 150.31 0.20%


61 HDB Financial Services Limited CARE AAA 10 100.43 0.13%62 IDFC Limited ICRA AAA 7 70.23 0.09%63 Tata Motors Finance Limited CRISIL AA 3 36.90 0.05%

Total 12,963.50 16.90%

CENTRAL GOVERNMENT SECURITIES64 8.40% GOI 28072024 SOV 2,500,000 2,567.11 3.35%65 8.28% GOI 21092027 SOV 2,500,000 2,541.75 3.31%66 7.88% GOI 19032030 SOV 1,500,000 1,488.30 1.94%67 8.15% GOI 24112026 SOV 200,000 201.30 0.26%

Total 6,798.46 8.86%



Total 5,825.72 7.59%

Cash & Cash EquivalentCash Margin 7.41 0.01%Net Receivables/Payables (1,925.07) (2.54%)Total (1,917.66) (2.53%)GRAND TOTAL 76,741.81 100.00%

1,000/-&anyamountthereafter•Optionsavailable:(RP&DP)•Growth•Dividend -PayoutDividend-ReinvestDividend•QuaterlyDividend -PayoutDividend-ReinvestDividend•Entryload:NotApplicable•Exitload:

Holding Period:< 12 months: 1%; >= 12 months: Nil






MODIFIED DURATION@

3.48 years

AVERAGE MATURITY@

5.34 years

PORTFOLIO YTM@

8.35%

Sectoral Allocation

BANKS 11.01%PhARMACEUTICALS 9.40%FINANCE 6.42%TExTILE PRODUCTS 5.72%AUTO 5.37%SOFTwARE 4.61%CONSUMER NON DURABLES 3.89%PESTICIDES 3.83%INDUSTRIAL PRODUCTS 3.41%TExTILES - SYNThETIC 2.31%PETROLEUM PRODUCTS 2.23%

CONSTRUCTION PROJECT 2.06%TRANSPORTATION 1.88%AUTO ANCILLARIES 1.85%GAS 1.48%FERTILISERS 1.07%OIL 0.97%ChEMICALS 0.84%CONSTRUCTION 0.61%INDUSTRIAL CAPITAL GOODS 0.22%DEBT INSTRUMENTS 25.76%CASh & EQUIVALENT 5.06%

Notes : 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND. 2. Total Expense Ratio (F.Y. beginning to date): RP: 2.76% DP: 2.09% 3. Portfolio Turnover Ratio(Last12months-EquitySecurities):1.39.*Lessthan0.00%

@Computed on the invested amount for debt portfolio


20

DSP BlackRock MIP Fund#

Portfolio

INVESTMENT OBJECTIVEAn Open Ended Income Scheme, seeking to generate income, consistent with prudent risk, from a portfolio which is substantially constituted of quality debt securities. The scheme will also seek to generate capital appreciation by investing a smaller portion of its corpus in equity and equity related securities of issuers domiciled in India.

REDEMPTION PROCEEDSNormally within 2 Business Days from acceptance of redemption request

ASSET ALLOCATION*Debt and Money Market Securities 75%-100% Equity and Equity Related Securities0%-25% *Debt securities may include securitised debts upto 50% of the net assets

FUND MANAGERDhawal Dalal (Debt)Total work experience of 16 years. Managing this Scheme since November 2012

Harish Zaveri (Equity)Total work experience of 20 years. Managing this Scheme since July 2015

•Optionsavailable:(RP&DP)•Growth•MonthlyDividend - Payout Dividend - Reinvest Dividend•QuarterlyDividend - Payout Dividend - Reinvest Dividend


Holding Period:< 12 months: 2%>= 12 months and < 24 months: 1%>= 24 months and < 36 months: 0.50%>= 36 months: Nil The exit load of the Scheme has been changed on prospective basis for investments made on or after August 1, 2015. Investors are requested to read the relevant notice and addenda to the SID and KIM available at www.dspblack-rock.com for further details.


Sr. No.


% to Net Assets


1 HDFC Bank Limited Banks 74,046 823.13 1.90%

2 Hindustan Petroleum Corporation Limited Petroleum Products 82,409 759.52 1.75%

3 Maruti Suzuki India Limited Auto 17,266 747.87 1.72%4 IndusInd Bank Limited Banks 68,029 665.12 1.53%5 LIC Housing Finance Limited Finance 120,140 599.74 1.38%6 Cadila Healthcare Limited Pharmaceuticals 28,421 536.26 1.24%7 ICICI Bank Limited Banks 177,040 535.37 1.23%8 Max India Limited Finance 92,497 507.67 1.17%

9 Sarla Performance Fibers Limited Textiles-Synthetic 70,000 414.47 0.96%

10 IPCA Laboratories Limited Pharmaceuticals 54,017 365.29 0.84%


12 Glenmark Pharmaceuticals Limited Pharmaceuticals 34,282 346.90 0.80%

13 Larsen & Toubro Limited Construction Project 19,032 340.91 0.79%

14 Container Corporation of India Limited Transportation 20,140 330.66 0.76%

15 UltraTech Cement Limited Cement 10,208 321.47 0.74%16 Divi's Laboratories Limited Pharmaceuticals 15,454 303.15 0.70%


18 Hero MotoCorp Limited Auto 9,245 248.02 0.57%19 Tata Motors Limited Auto 62,940 241.60 0.56%20 Bharti Airtel Limited Telecom-Services 57,029 238.84 0.55%21 Strides Arcolab Limited Pharmaceuticals 17,655 225.02 0.52%

22 Oil & Natural Gas Corporation Limited Oil 60,441 164.82 0.38%

23 Vedanta Limited Non-FerrousMetals 121,099 157.73 0.36%

24 Credit Analysis And Research Limited Finance 10,974 156.08 0.36%

25 Multi Commodity Exchange of India Limited Finance 12,847 145.88 0.34%

26 Finolex Industries Limited Industrial Products 48,084 132.57 0.31%27 Tech Mahindra Limited Software 16,791 89.11 0.21%

28 Astra Microwave Products Limited

Telecom-Equipment&Accessories 61,881 78.22 0.18%

29 Castrol India Limited Petroleum Products 12,592 61.85 0.14%Total 10,169.88 23.45%


30 Tata Steel Limited CARE AA+ 250 2,823.23 6.51%31 Piramal Enterprises Limited ICRA AA 250 2,492.22 5.75%32 Punjab National Bank CRISIL AAA 250 2,470.22 5.69%

33 Fullerton India Credit Company Ltd ICRA AA+ 400 2,042.20 4.71%

34 JM Financial Credit Solutions Limited ICRAAA- 167 1,666.06 3.84%

35 Export-ImportBankofIndia CRISIL AAA 100 1,030.60 2.38%

36 RuralElectrificationCorporation Limited CRISIL AAA 100 1,015.52 2.34%

37 LIC Housing Finance Limited CRISIL AAA 90 918.33 2.12%

38 Hindustan Organic Chemicals Limited ICRA AAA 60 609.21 1.40%

39 Shriram Transport Finance Company Limited CRISIL AA+ 40,000 406.12 0.94%

40 LIC Housing Finance Limited CRISIL AAA 23 229.49 0.53%41 NTPC Limited CRISIL AAA 1,736,927 218.75 0.50%

FEATURES



#Monthly income is not assured and is subject to availability of distributable surplus.


42 LIC Housing Finance Limited CRISIL AAA 10 101.95 0.24%43 IDFC Limited ICRA AAA 10 100.02 0.23%


45 Blue Dart Express Limited ICRA AA 687,134 69.25 0.16%46 Ashok Leyland Limited ICRAAA- 5 50.25 0.12%47 IDFC Limited ICRA AAA 5 49.96 0.12%

Total 16,363.61 37.74%

CENTRAL GOVERNMENT SECURITIES

48 8.15% GOI 24112026 SOV 6,000,000 6,039.04 13.92%49 8.28% GOI 21092027 SOV 3,000,000 3,050.10 7.03%50 8.83% GOI 25112023 SOV 2,500,000 2,616.31 6.03%51 8.40% GOI 28072024 SOV 2,500,000 2,567.11 5.92%

Total 14,272.56 32.90%



Total 1,689.03 3.89%


MODIFIED DURATION@

4.48 years

AVERAGE MATURITY@

6.56 years

PORTFOLIO YTM@

8.41%

Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND. 2. Total Expense Ratio (F.Y. beginning to date): RP: 2.51% DP: 1.97%

Sectoral Allocation

BANKS 4.66%PhARMACEUTICALS 4.10%FINANCE 3.25%AUTO 2.85%PETROLEUM PRODUCTS 1.89%TExTILES - SYNThETIC 0.96%FERTILISERS 0.83%CONSTRUCTION PROJECT 0.79%TRANSPORTATION 0.76%CEMENT 0.74%




GAS 0.63%TELECOM - SERVICES 0.55%OIL 0.38%NON - FERROUS METALS 0.36%INDUSTRIAL PRODUCTS 0.31%SOFTwARE 0.21%TELECOM - EQUIPMENT & ACCESSORIES 0.18%DEBT INSTRUMENTS 70.64%CASh & EQUIVALENT 5.91%

@Computed on the invested amount for debt portfolio


21

DSP BlackRock Liquidity Fund

PortfolioSr. No.


% to Net Assets


1 Fullerton India Credit Company Ltd ICRA AA+ 220 2,203.31 0.37%Total 2,203.31 0.37%

MONEY MARKET INSTRUMENTSCertificate of Deposit

2 Bank of India CRISIL A1+ 30,000 29,880.36 5.06%3 IDBI Bank Limited CRISIL A1+ 20,000 19,987.32 3.38%4 State Bank of Bikaner and Jaipur CARE A1+ 20,000 19,795.46 3.35%5 Dena Bank CRISIL A1+ 10,000 9,981.93 1.69%6 Punjab & Sind Bank ICRA A1+ 10,000 9,974.70 1.69%7 Punjab & Sind Bank ICRA A1+ 10,000 9,957.68 1.69%8 Punjab & Sind Bank ICRA A1+ 10,000 9,937.95 1.68%9 Punjab & Sind Bank ICRA A1+ 9,500 9,453.49 1.60%10 UCO Bank CRISIL A1+ 7,500 7,475.63 1.27%11 Punjab & Sind Bank ICRA A1+ 5,000 4,986.22 0.84%12 UCO Bank CRISIL A1+ 5,000 4,972.59 0.84%13 Bank of India CRISIL A1+ 5,000 4,965.58 0.84%14 FirstRand Bank Limited CRISIL A1+ 5,000 4,954.17 0.84%15 Bank of India CRISIL A1+ 4,500 4,491.81 0.76%16 Allahabad Bank ICRA A1+ 2,500 2,490.87 0.42%17 Dena Bank CRISIL A1+ 2,500 2,483.22 0.42%18 Corporation Bank CRISIL A1+ 2,500 2,482.74 0.42%19 The South Indian Bank Limited CARE A1+ 2,500 2,481.16 0.42%

Total 160,752.88 27.21%

Commercial Paper20 Export-ImportBankofIndia CRISIL A1+ 5,900 29,354.30 4.97%21 Axis Finance Limited IND A1+ 5,000 24,949.88 4.22%

22National Bank for Agriculture and Rural Development

CRISIL A1+ 5,000 24,741.22 4.19%

23Housing Development Finance Corporation Limited

ICRA A1+ 4,600 22,990.57 3.89%

24 Hinduja LeyLand Finance Limited CARE A1+ 4,000 19,939.92 3.37%25 Adani Transmission Limited IND A1+ 4,000 19,885.70 3.37%

26Sun Pharmaceuticals Industries Limited

ICRA A1+ 3,000 14,971.08 2.53%

27 Adani Enterprises Limited BWR A1+ 3,000 14,838.40 2.51%28 India Infoline Finance Limited ICRA A1+ 3,000 14,721.81 2.49%29 Reliance Jio Infocomm Limited CARE A1+ 2,000 9,978.63 1.69%


CRISIL A1+ 2,000 9,957.62 1.69%

31Housing and Urban Development Corporation Ltd.

IND A1+ 2,000 9,956.98 1.69%

32 Export-ImportBankofIndia CRISIL A1+ 2,000 9,951.61 1.68%33 Hero Fincorp Limited CRISIL A1+ 2,000 9,933.60 1.68%34 Piramal Enterprises Limited ICRA A1+ 2,000 9,928.11 1.68%35 Steel Authority of India Limited IND A1+ 2,000 9,922.46 1.68%

36Power Finance Corporation Limited

CRISIL A1+ 2,000 9,918.43 1.68%

37RuralElectrificationCorporationLimited

CARE A1+ 2,000 9,916.39 1.68%

38Deutsche Investments India Private Limited

CRISIL A1+ 2,000 9,879.14 1.67%

39 India Infoline Finance Limited ICRA A1+ 2,000 9,825.14 1.66%


CRISIL A1+ 1,500 7,483.36 1.27%

41JM Financial Credit Solutions Limited

ICRA A1+ 1,500 7,422.06 1.26%

42Housing Development Finance Corporation Limited

ICRA A1+ 1,000 4,996.88 0.85%

43 Murugappa Holdings Limited ICRA A1+ 1,000 4,951.11 0.84%

44 Adani Enterprises Limited BWR A1+ 1,000 4,941.68 0.84%

45Aditya Birla Housing Finance Limited

ICRA A1+ 1,000 4,939.41 0.84%

46 Cargill India Pvt. Ltd. ICRA A1+ 900 4,470.29 0.76%

47 JM Financial Credit Solutions Limited ICRA A1+ 800 3,954.57 0.67%

48 Redington (India) Limited ICRA A1+ 500 2,496.72 0.42%

49 Housing Development Finance Corporation Limited ICRA A1+ 500 2,495.36 0.42%

50 Network18 Media & Investments Limited ICRA A1+ 500 2,489.18 0.42%

51 Network18 Media & Investments Limited ICRA A1+ 500 2,485.40 0.42%

52 Capital First Limited CARE A1+ 500 2,477.96 0.42%

53Deepak Fertilizers and Petrochemicals Corporation Limited

CARE A1+ 500 2,472.57 0.42%

Total 353,637.54 59.87%

Treasury Bill54 91DAYT-BILL15102015 SOV 15,000,000 14,774.73 2.50%55 364DAYT-BILL15102015 SOV 6,500,000 6,402.38 1.08%56 91DAYT-BILL24092015 SOV 3,679,000 3,639.37 0.62%57 91DAYT-BILL17092015 SOV 2,873,250 2,846.73 0.48%58 91DAYT-BILL20082015 SOV 500,000 498.10 0.08%

Total 28,161.31 4.76%

59 CBLO / Reverse Repo Investments 15,945.92 2.70%Total 15,945.92 2.70%

Fixed Deposit60 HDFC Bank Limited Unrated 30,000.00 5.08%

Total 30,000.00 5.08%


INVESTMENT OBJECTIVEAn Open Ended Income (Liquid) Scheme, seeking to generate a reasonable return commensurate with low risk and a high degree of liquidity, from a portfolio constituted of money market securities and high quality debt securities.

REDEMPTION PROCEEDSNormally within 1 Business Day from acceptance of redemption request.

ASSET ALLOCATIONMoney market securities and/or Debt securities* with maturity of 91days–80%-100%;

(*Debt securities may include securitised debts upto 30% of the net assets.)

FUND MANAGERLaukik BagweTotal work experience of 14 years. Managing this Scheme since June 2010.

INCEPTION DATEMar 11, 1998

FEATURES PLANS: INSTITUTIONAL PLAN (IP) & DIRECT PLAN (DP)•Minimuminvestmentandminimum additional purchase (IP & DP)


•Optionsavailable:(IP&DP)•Growth•WeeklyDividend - Reinvest Dividend - Payout Dividend •DailyDividendReinvest

•Entryload:NotApplicable•Exitload:Nil


MODIFIED DURATION0.08 years

AVERAGE MATURITY0.09 years

PORTFOLIO YTM7.73%

Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND. 2. Total Expense Ratio (F.Y. beginning to date): IP: 0.15% RP: 0.26% DP: 0.03%

Rating Profile of the Portfolio of the Scheme

Institutional Plan Growth- 2054.2832


Direct Plan Growth- 2057.5250

A1+ 87.08%

AA+ 0.37%SOV 4.76%

CASH & CASH EQUIVALENT/FDS 7.79%


22

Sr. No.


% to Net Assets


1 Sun Pharmaceuticals Industries Limited CARE AAA 900 9,021.95 4.71%

2 JM Financial Products Limited CRISILAA- 500 5,026.72 2.63%3 Piramal Enterprises Limited ICRA AA 500 4,984.43 2.60%

4 Shriram Transport Finance Company Limited CRISIL AA+ 250,000 2,554.43 1.33%

5 Hero Fincorp Limited CRISIL AA+ 250 2,506.69 1.31%

6 Sundaram BNP Paribas Home Finance Limited CARE AA+ 150 1,561.92 0.82%



9 Shriram Transport Finance Company Limited CARE AA+ 5 50.24 0.03%

10 IDFC Limited ICRA AAA 2 20.00 0.01%Total 26,247.30 13.72%

Unlisted

11 Samvardhana Motherson International Limited BWR A+ 150 17,516.08 9.15%

Total 17,516.08 9.15%

CENTRAL GOVERNMENT SECURITIES12 7.80% GOI FRB 21122020 SOV 7,000,000 6,825.36 3.57%

Total 6,825.36 3.57%


13 Bank of India CRISIL A1+ 7,500 7,486.35 3.91%14 Canara Bank CRISIL A1+ 5,000 4,792.31 2.50%15 Canara Bank CRISIL A1+ 4,000 3,811.26 1.99%16 IDBI Bank Limited CRISIL A1+ 2,500 2,435.61 1.27%17 Vijaya Bank CARE A1+ 400 382.03 0.20%18 Andhra Bank CARE A1+ 100 97.97 0.05%19 Axis Bank Limited CRISIL A1+ 50 47.77 0.02%

Total 19,053.30 9.94%

Commercial Paper

20 Tata Capital Financial Services Limited ICRA A1+ 3,000 14,605.14 7.63%

21 Tata Realty And Infrastructure Limited ICRA A1+ 3,000 14,548.92 7.60%

22 Housing Development Finance Corporation Limited ICRA A1+ 2,100 10,009.31 5.23%

23 ONGC Mangalore Petrochemicals Limited ICRA A1+ 2,000 9,685.63 5.06%

24 IL&FS Transportation Networks Limited CARE A1 1,500 7,345.82 3.84%



27 Can Fin Homes Limited ICRA A1+ 1,000 4,869.20 2.54%28 Peninsula Land Limited ICRA A1 1,000 4,825.24 2.52%

29 Housing Development Finance Corporation Limited ICRA A1+ 1,000 4,664.24 2.44%

30 Barclays Investments & Loans (India) Limited ICRA A1+ 700 3,402.43 1.78%

31 Prism Cement Limited ICRA A1 500 2,491.41 1.30%32 Prism Cement Limited ICRA A1 500 2,470.93 1.29%33 Prism Cement Limited ICRA A1 500 2,469.59 1.29%34 Prism Cement Limited ICRA A1 500 2,466.30 1.29%

35 National Bank for Agriculture and Rural Development CRISIL A1+ 500 2,392.05 1.25%

36 JM Financial Credit Solutions Limited ICRA A1+ 500 2,391.25 1.25%


38 Infrastructure Leasing & Financial Services Limited ICRA A1+ 500 2,382.76 1.24%

39 Coffee Day Global Limited CARE A1 400 1,988.58 1.04%40 Coffee Day Global Limited CARE A1 200 994.86 0.52%

Total 106,790.90 55.80%

Treasury Bill41 91DAYT-BILL27082015 SOV 346,000 344.20 0.18%

Total 344.20 0.18%


Fixed Deposit43 HDFC Bank Limited Unrated 12,000.00 6.27%

Total 12,000.00 6.27%

Cash & Cash EquivalentNet Receivables/Payables (9,145.55) (4.79%)Total (9,145.55) (4.79%)GRAND TOTAL 191,418.73 100.00%

DSP BlackRock Money Manager Fund

Portfolio

INVESTMENT OBJECTIVEAn Open ended income Scheme, seeking to generate returns commensurate with risk from a portfolio constituted of money market securities and/or debt securities.


ASSET ALLOCATIONMoney market securities and/or debt securities* with residual maturity of less than or equal to6months:80%-100%;Moneymarket and/or debt securities* with residual maturity of greater than 6 months:0%-20%;*Debtsecuritiesmay include securitised debts up to 50% of the net assets.The weighted average maturity of the Scheme will be less than or equal to 6 months. The weighted average maturity will be reckoned on: (a) Maturity date forfixedratesecurities;(b)Interestreset date or repricing date for floatingratesecurities.

FUND MANAGERLaukik BagweTotal work experience of 14 years. Managing this Scheme since March 2013

INCEPTION DATEJul 31, 2006

FEATURES PLANS: REGULAR PLAN (RP) & DIRECT PLAN (DP)•Minimum investment and minimum additional purchase (RP & DP)


•Options/SubOptions available: (RP & DP)•Growth•Dividend -ReinvestDividend-PayoutDividend•WeeklyDividend -ReinvestDividend-PayoutDividend•MonthlyDividend -ReinvestDividend-PayoutDividend•DailyDividendReinvest

•Entryload:NotApplicable•Exitload:Nil




PORTFOLIO YTM8.57%

A1+ 47.21%

AAA 5.00%AA+ 3.49%AA 2.60%

AA- 2.63%

A1 18.53%

A+ 9.15%


Regular Plan Growth- 1,940.2831

Direct Plan Growth- 1,965.7557



SOV 3.75%

CASH & CASH EQUIVALENT 7.64%


23

DSP BlackRock Treasury Bill Fund


ASSET ALLOCATION Treasury Bills issued by the Government of India, Repo/Reverse Repo, CBLO, and any other money market instrument permitted by the RBI for deploying surplus liquidity of the scheme: 0%-100%

FUND MANAGERDhawal DalalTotal work experience of 16 years. Managing this Scheme since March 2011

Vivek VedTotal work experience of 17 years. Managing this Scheme since March 2011.

PortfolioSr. No.


% to Net Assets

MONEY MARKET INSTRUMENTSTreasury Bill

1 364DAYT-BILL21072016 SOV 1,400,000 1,303.85 56.03%2 364DAYT-BILL03032016 SOV 500,000 478.73 20.57%3 364DAYT-BILL09062016 SOV 500,000 469.52 20.18%

Total 2,252.10 96.78%

4 CBLO / Reverse Repo Investments 59.97 2.58%Total 59.97 2.58%

Cash & Cash EquivalentNet Receivables/Payables 15.05 0.64%Total 15.05 0.64%GRAND TOTAL 2,327.12 100.00% INCEPTION DATE

Sep 30, 1999


PORTFOLIO YTM7.51%

INVESTMENT OBJECTIVEAnOpen-endedMoneyMarketMutualFundSchemeinincomecategoryseeking generate income through investment in a portfolio comprising of Treasury Bills and other Central Government Securities with a residual maturity less than or equal to 1 year.

FEATURES PLANS: REGULAR PLAN (RP) & DIRECT PLAN (DP)•Minimuminvestmentandminimumadditionalpurchase(RP&DP)

1,000/-&anyamountthereafter•Optionsavailable:(RP&DP) •Growth •Dividend -PayoutDividend-ReinvestDividend •MonthlyDividend-PayoutDividend-ReinvestDividend•DailyDividendReinvest

•Entryload:NotApplicable•ExitLoad:Nil


SOV 96.78%



AVERAGE MATURITY0.84 yearsRegular Plan

Growth- 28.8046Direct PlanGrowth- 28.9861



Note: Total Expense Ratio: (F.Y. beginning to date) RP: 0.59% DP: 0.34%

DSP BlackRock Government Securities Fund

Portfolio

FEATURESPLANS: REGULAR PLAN (RP) & DIRECT PLAN (DP) •Minimuminvestmentandminimumadditionalpurchase(RP&DP)

1,000/-&anyamountthereafter•Optionsavailable:(DP&RP) •Growth •Dividend-PayoutDividend-ReinvestDividen •MonthlyDividend-PayoutDividend-ReinvestDividend

FUND MANAGERDhawal DalalTotal work experience of 16 years. Managing this Scheme since May 2003

ASSET ALLOCATIONCentral Government Securities, repos / reverse repos in Central Government Securities as may be permitted by Reserve Bank of India :80%-100% Call money market or alternative investment for call money market as may be provided by the Reserve BankofIndia:0%-20%

PORTFOLIO YTM7.93%



REDEMPTION PROCEEDS Normally within 2 Business Days from acceptance of redemption request.



INVESTMENT OBJECTIVEAn Open Ended income Scheme, seeking to generate income through investment in Central Government Securities of various maturities. Sr.

No.Name of Instrument Rating/Industry Quantity Market value

( In lakhs)% to Net

Assets

DEBT INSTRUMENTSCENTRAL GOVERNMENT SECURITIES

1 8.60% GOI 02062028 SOV 11,500,000 12,005.02 22.23%2 8.15% GOI 24112026 SOV 11,000,000 11,071.57 20.50%3 7.88% GOI 19032030 SOV 10,000,000 9,921.97 18.37%4 8.40% GOI 28072024 SOV 7,000,000 7,187.92 13.31%5 8.13% GOI 22062045 SOV 5,000,000 5,064.52 9.38%6 8.30% GOI 31122042 SOV 4,000,000 4,108.04 7.61%

Total 49,359.04 91.40%



Total 4,007.70 7.42%




SOV 91.40%






•Entryload:NotApplicable •ExitLoad: Holding Period:

<=7 calendar days: 0.10% >7 calendar days: Nil

24

Portfolio

REDEMPTION PROCEEDSNormally within 1 Business Day from acceptance of redemption request.

FUND MANAGERMarzban IraniTotal work experience of 13 years. Managing this Scheme since July 2015

ASSET ALLOCATIONMoney market securities and/or debt securities* with residual maturity of lessthanorequalto3years:80%-100%. Debt securities* which have residual maturity of greater than 3years:0%-20%.*Debtsecuritiesmay include securitised debts up to 50% of the net assets. The weighted average maturity of the Scheme will be between 1 year and 3 years. The weighted average maturity will be reckoned on: (a) Maturity date for fixedratesecurities,(b)Interestreset date or repricing date for floatingratesecurities.



•Entryload:NotApplicable•Exitload: Holding period <=3 months: 0.25% Holding period >3 months: Nil

•Optionsavailable:(RP&DP)•Growth•WeeklyDividendReinvest•MonthlyDividend -PayoutDividend -ReinvestDividend•DividendReinvest -ReinvestDividend -PayoutDividend


DSP BlackRock Short Term Fund

Sr. No.


% to Net Assets


1 JM Financial Asset Reconstruction Company Private Limited CRISIL A+ 1,000 10,122.43 8.97%

2 Power Finance Corporation Limited CRISIL AAA 500 5,075.48 4.50%3 Peninsula Land Limited ICRA A 500 5,017.65 4.45%4 Tata Motors Limited CARE AA+ 500 5,013.77 4.44%5 LIC Housing Finance Limited CRISIL AAA 500 5,010.02 4.44%6 Piramal Enterprises Limited ICRA AA 500 4,982.78 4.41%7 Pantaloons Fashion & Retail Limited ICRA AA 360 3,607.16 3.20%

8 Power Grid Corporation of India Limited CRISIL AAA 250 2,582.77 2.29%

9 Fullerton India Credit Company Ltd ICRA AA+ 500 2,552.75 2.26%

10 Shriram Transport Finance Company Limited CRISIL AA+ 250 2,549.61 2.26%

11 IDFC Limited ICRA AAA 250 2,522.87 2.24%

12 Small Industries Development Bank of India CARE AAA 250 2,509.57 2.22%

13 Piramal Enterprises Limited ICRA AA 250 2,492.22 2.21%14 IDFC Limited ICRA AAA 250 2,100.17 1.86%15 IDFC Limited ICRA AAA 200 1,992.82 1.77%

16 India Infoline Housing Finance Limited ICRA AA 150 1,546.55 1.37%

17 Power Finance Corporation Limited CRISIL AAA 150 1,506.96 1.34%18 NHPC Limited IND AAA 500 502.76 0.45%19 Fullerton India Credit Company Ltd CARE AAA 50 500.63 0.44%


Total 62,229.33 55.16%

Unlisted21 Reliance Inceptum Private Limited BWR AA+ 450 4,579.22 4.06%

22 KKR India Financial Services Private Limited CRISIL AA 15 1,542.21 1.37%

Total 6,121.43 5.43%

Securitised Debt Instruments

23 RoyalTrustPTCSeriesA2-May2004-(CitibankN.A.) CRISIL AAA 24 92.65 0.08%

Total 92.65 0.08%

CENTRAL GOVERNMENT SECURITIES24 8.27% GOI 09062020 SOV 22,000,000 22,288.02 19.75%

Total 22,288.02 19.75%


25 Punjab National Bank CARE A1+ 10,000 9,565.50 8.47%26 Canara Bank CRISIL A1+ 2,500 2,386.35 2.11%

Total 11,951.85 10.58%

Commercial Paper


Total 1,908.26 1.69%

Treasury Bill28 364DAYT-BILL21072016 SOV 100,000 93.13 0.08%

Total 93.13 0.08%


FEATURESPLANS: REGULAR PLAN (RP) & DIRECT PLAN (DP)•Minimuminvestmentandminimum additional purchase (RP & DP)




PORTFOLIO YTM8.88%

Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND, & BWR. 2. Total Expense Ratio (F.Y. beginning to date): RP: 1.30%. DP: 0.60%

AAA 21.67%

AA+ 13.02%

A 4.45%





SOV 19.83%

A+ 8.97%

A1+ 12.27%CASH & CASH EQUIVALENT 7.23%


AA 12.56%

Cash & Cash EquivalentNet Receivables/Payables 3,421.78 3.01%Total 3,421.78 3.01%GRAND TOTAL 112,870.74 100.00%

25

DSP BlackRock Banking & PSU Debt Fund

Portfolio

ASSET ALLOCATION Money market and debt securities issued by banks and public sector entities/undertakings80%-100%;Other debt and money market securities0%-20%.Investmentsin derivatives will be upto 10% of the net assets of the Scheme. The Scheme will participate in repo of corporate debt securities.

FUND MANAGER Dhawal Dalal Total work experience of 16 years. Managing this Scheme since September 2013

INVESTMENT OBJECTIVEThe investment objective of the Scheme is to seek to generate income and capital appreciation by primarily investing in a portfolio of high quality debt and money market securities that are issued by banks and public sector entities/undertakings. There is no assurance that the investment objective of the Scheme will be realized.



Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND. 2. Total Expense Ratio: (F.Y. beginning to date) RP: 0.90% DP: 0.55%

Sr. No.

Name of Instrument Rating/Industry

Quantity Market value ( In lakhs)

% to Net Assets


1 National Bank for Agriculture and Rural Development CRISIL AAA 500 5,022.79 9.61%

2 National Housing Bank CRISIL AAA 500 4,989.26 9.55%

3 RuralElectrificationCorporationLimited CRISIL AAA 400 4,156.71 7.95%

4 Hindustan Petroleum Corporation Limited IND AAA 350 3,550.52 6.79%

5 Steel Authority of India Limited CARE AAA 250 2,604.31 4.98%


7 Power Finance Corporation Limited CRISIL AAA 250 2,548.88 4.88%8 Power Finance Corporation Limited CRISIL AAA 250 2,546.81 4.87%


10 Export-ImportBankofIndia CRISIL AAA 200 2,064.25 3.95%11 Petronet LNG Limited ICRA AA+ 200 2,021.34 3.87%





16 RuralElectrificationCorporationLimited CRISIL AAA 50 511.84 0.98%

17 RuralElectrificationCorporationLimited CRISIL AAA 50 505.14 0.97%

18 GAIL (India) Limited CARE AAA 50 498.77 0.95%19 GAIL (India) Limited CARE AAA 50 498.73 0.95%20 Power Finance Corporation Limited CRISIL AAA 40 406.04 0.78%21 Export-ImportBankofIndia ICRA AAA 35 355.45 0.68%

Total 41,210.19 78.85%

CENTRAL GOVERNMENT SECURITIES22 8.27% GOI 09062020 SOV 3,500,000 3,545.82 6.78%23 7.88% GOI 19032030 SOV 2,500,000 2,480.49 4.75%

Total 6,026.31 11.53%


24 Canara Bank CRISIL A1+ 1,000 952.82 1.82%Total 952.82 1.82%

Commercial Paper


Total 1,431.20 2.74%

26 CBLO / Reverse Repo Investments 654.62 1.25%Total 654.62 1.25%



•Entryload:NotApplicable•ExitLoad:Holdingperiod <= 1 month: 0.25%; > 1 months: Nil

•Growth•DailyDividend -ReinvestDividend•WeeklyDividend -PayoutDividend -ReinvestDividend•MonthlyDividend -PayoutDividend -ReinvestDividend•QuarterlyDividend -PayoutDividend -ReinvestDividend•Dividend -PayoutDividend -ReinvestDividend


FEATURES







A1 4.56%

AA+ 3.87%

AAA 74.98%

SOV 11.53%




PORTFOLIO YTM8.16%


26

DSP BlackRock Income Opportunities Fund





PortfolioSr. No.


% to Net Assets


1 DLF Emporio Limited CRISIL AA 1,500 15,257.18 7.05%

2 National Bank for Agriculture and Rural Development CRISIL AAA 1,450 14,414.22 6.66%

3 Prism Cement Limited ICRAA- 1,000 10,127.51 4.68%4 Peninsula Land Limited ICRA A 1,000 10,068.44 4.66%5 Sobha Limited ICRA A 10,000 10,023.27 4.63%6 Reliance Jio Infocomm Limited CRISIL AAA 750 7,534.55 3.48%

7 Reliance Gas Transportation Infrastructure Limited CRISIL AAA 500 5,164.66 2.39%

8 LIC Housing Finance Limited CRISIL AAA 500 5,130.10 2.37%

9 Janalakshmi Financial Services Private Limited ICRAA- 500 5,077.42 2.35%

10 India Infoline Housing Finance Limited ICRA AA 500 5,046.74 2.33%11 Dalmia Cement (Bharat) Limited ICRAAA- 500 5,037.33 2.33%

12 Janalakshmi Financial Services Private Limited ICRA A 500 5,008.46 2.32%

13 Reliance Utilities and Power Private Limited CRISIL AAA 500 4,938.89 2.28%

14 Power Finance Corporation Limited CRISIL AAA 450 4,687.33 2.17%15 Power Grid Corporation of India Limited CRISIL AAA 300 3,099.33 1.43%


17 Mahindra & Mahindra Financial Services Limited IND AAA 250 2,525.01 1.17%

18 LIC Housing Finance Limited CRISIL AAA 250 2,504.50 1.16%19 IDFC Limited ICRA AAA 250 2,498.93 1.16%20 Power Finance Corporation Limited CRISIL AAA 250 2,489.22 1.15%21 Vedanta Limited CRISIL AA+ 210 2,105.11 0.97%22 Power Grid Corporation of India Limited CRISIL AAA 100 1,031.69 0.48%23 Power Grid Corporation of India Limited CRISIL AAA 100 1,029.15 0.48%24 Power Grid Corporation of India Limited CRISIL AAA 100 1,026.47 0.47%25 Tata Motors Finance Limited CRISIL AA 5 50.43 0.02%

Total 128,473.88 59.39%

Unlisted

26 IL&FS Energy Development Company Limited CARE A 100 10,075.49 4.66%

27 Coffee Day Enterprises Limited BWR A+ 650 8,385.40 3.88%

28 Coffee Day Natural Resources Private Limited BWRA- 750 7,915.53 3.66%

29 Liquid Investment and Trading Company Private Limited BWR A 750 7,528.62 3.48%

30 Dalmia Bharat Cements Holdings Limited BWR A+ 5,000 5,024.04 2.32%

31 Dalmia Bharat Cements Holdings Limited BWR A+ 5,000 5,024.00 2.32%









Total 58,637.35 27.11%


40 Bank of India CRISIL A1+ 10,000 9,981.80 4.62%


ASSET ALLOCATIONMoney market securities and/or debt securities* with residual maturity of less than or equal to 5 years:80%-100%

Debt securities* which have residual maturity of greater than 5 years: 0%-20%

*Debt securities may include securitised debts up to 50% of the net assets.

The weighted average maturity of the Scheme will be between 3 years and 5 years. The weighted average maturity will be reckoned on:

(a)Maturitydateforfixedratesecurities

(b) Interest reset date or repricing dateforfloatingratesecurities



PORTFOLIO YTM10.42%

41 Canara Bank CRISIL A1+ 10,000 9,564.64 4.42%Total 19,546.44 9.04%



Regular Plan Growth- 23.0409

Direct Plan Growth- 23.3667


FEATURES



•Optionsavailable:(RP&DP) •Entryload:NotApplicable•Exitload: Holding period: <=12 months: 1% > 12 months: Nil

•Growth•Dividend - Reinvest Dividend - Payout Dividend•DailyDividendReinvest•WeeklyDividend - Reinvest Dividend - Payout Dividend •MonthlyDividend - Reinvest Dividend - Payout Dividend•QuaterlyDividend - Reinvest Dividend - Payout Dividend

Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND, & BWR. 2. Total Expense Ratio (F.Y. beginning to date): IP: 1.20% RP: 1.70% DP: 1.20%


A- 10.69%

A 19.75% AAA 28.05%

AA+ 0.97%A+ 8.52%

A1+ 9.04%CASH & CASH EQUIVALENT 4.46%


AA 16.19%AA- 2.33%

27

INVESTMENT OBJECTIVEAn Open ended income Scheme, seeking to generate optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market securities.


ASSET ALLOCATIONMoney market securities and/or debt securities* which have residual or average maturity of less than or equal to 367 days or have put options within a period not exceeding367days.:0%-100% Debt securities* which have residual or average maturity of morethan367days:0%-100% *Debt securities may include securitised debts upto 75% of the net assets



DSP BlackRock Strategic Bond Fund

FEATURES

PLANS: INSTITUTIONAL PLAN (IP) & DIRECT PLAN (DP)•Minimuminvestmentandminimum

additional purchase (IP & DP)1,000/-&anyamount

thereafter

•Optionsavailable:(IP&DP)•Growth•WeeklyDividend -PayoutDividend -ReinvestDividend•DailyDividendReinvest•MonthlyDividend -PayoutDividend -ReinvestDividend•Dividend -PayoutDividend -ReinvestDividend

•Entryload:NotApplicable•Exitload: Holding Period: <=7 calendar days: 0.1% >7 calendar days: Nil

PortfolioSr. No.


% to Net Assets

DEBT INSTRUMENTS

BOND & NCD's


1 Reliance Gas Transportation Infrastructure Limited CRISIL AAA 1,150 11,878.73 3.45%



4 Vedanta Limited CRISIL AA+ 500 5,006.32 1.45%


6 NTPC Limited CRISIL AAA 250 2,630.78 0.76%

7 Reliance Jio Infocomm Limited CRISIL AAA 250 2,512.96 0.73%


9 Reliance Utilities and Power Private Limited CRISIL AAA 250 2,469.45 0.72%






15 Power Finance Corporation Limited CRISIL AAA 98 976.22 0.28%

Total 49,305.67 14.31%

CENTRAL GOVERNMENT SECURITIES16 8.15% GOI 24112026 SOV 67,000,000 67,435.90 19.59%

17 8.60% GOI 02062028 SOV 42,000,000 43,844.43 12.74%

18 7.88% GOI 19032030 SOV 35,000,000 34,726.89 10.09%

19 8.28% GOI 21092027 SOV 31,000,000 31,517.73 9.15%

20 8.27% GOI 09062020 SOV 28,500,000 28,873.12 8.39%

21 8.40% GOI 28072024 SOV 21,500,000 22,077.19 6.41%

22 8.83% GOI 25112023 SOV 21,000,000 21,977.00 6.38%

23 8.30% GOI 02072040 SOV 15,500,000 15,895.39 4.62%

24 8.24% GOI 10112033 SOV 13,000,000 13,247.06 3.85%

25 8.17% GOI 01122044 SOV 4,000,000 4,065.61 1.18%

26 8.30% GOI 31122042 SOV 2,000,000 2,054.02 0.60%

Total 285,714.34 83.00%


Total 1,714.02 0.50%

Cash & Cash Equivalent

Net Receivables/Payables 7,538.31 2.19%

Total 7,538.31 2.19%GRAND TOTAL 344,272.34 100.00% TOTAL AUM AS ON

July 31, 20153442.72 Cr.




PORTFOLIO YTM8.16%


Institutional Plan Growth- 1,681.7969

Direct Plan Growth- 1,697.6296


AAA 10.68%

AA+ 3.63%

SOV 83.00%



28

DSP BlackRock Bond Fund

Portfolio


ASSET ALLOCATION*Debt & Money market securities : Entire 100%. *Debt securities may include securitised debts up to 50% of the net assets.

The weighted average maturity of the Scheme will remain between one year and twenty years. The weighted average maturity will be reckoned on:(a)Maturitydateforfixedratesecurities (b) Interest reset date orrepricingdateforfloatingratesecurities

FUND MANAGERDhawal DalalTotal work experience of 16 years. Managing this Scheme since April 1997

INVESTMENT OBJECTIVEAn Open Ended income Scheme, seeking to generate an attractive return, consistent with prudent risk, from a portfolio which is substantially constituted of high quality debt securities, predominantly of issuers domiciled in India. As a secondary objective, the Scheme will seek capital appreciation.

INCEPTION DATEApr 29, 1997

Sr. No.


Quantity Market value ( In lakhs)

% to Net Assets


1 Steel Authority of India Limited CARE AAA 250 2,604.31 8.18%

2 Reliance Gas Transportation Infrastructure Limited CRISIL AAA 150 1,549.40 4.87%

3 Power Grid Corporation of India Limited CRISIL AAA 50 526.98 1.66%

4 GAIL (India) Limited CARE AAA 50 498.86 1.57%Total 5,179.55 16.28%

Unlisted5 Sanmar Engineering Services Limited Unrated 2,500 2,825.16 8.87%

Total 2,825.16 8.87%

Securitised Debt Instruments6 India MBS PTC Series 1D (LIC HF) CRISIL AAA 7 13.50 0.04%

Total 13.50 0.04%

CENTRAL GOVERNMENT SECURITIES7 7.88% GOI 19032030 SOV 5,500,000 5,457.08 17.14%8 8.60% GOI 02062028 SOV 5,000,000 5,219.58 16.39%9 8.15% GOI 24112026 SOV 5,000,000 5,032.53 15.81%10 8.40% GOI 28072024 SOV 2,500,000 2,567.11 8.06%11 8.24% GOI 10112033 SOV 2,500,000 2,547.51 8.00%12 8.83% GOI 25112023 SOV 1,500,000 1,569.79 4.93%13 8.28% GOI 21092027 SOV 500,000 508.35 1.60%

Total 22,901.95 71.93%


Total 169.90 0.53%



Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND. 2. Total Expense Ratio (F.Y. beginning to date): RP: 2.07% DP: 1.42%





FEATURES




•Entryload:NotApplicable•ExitLoad: Holding Period: <=12 months: 1% >12 months: Nil

•Growth•MonthlyDividend -PayoutDividend -ReinvestDividend

•Dividend -PayoutDividend -ReinvestDividend

AAA 16.32%

SOV 71.93%

Unrated 8.87%




PORTFOLIO YTM8.81%


29

Sr. No.


Quantity Market value

( In lakhs)

% to Net Assets


1 Tata Motors Finance Limited CRISIL AA 150 1,506.73 1.72%2 Tata Motors Limited CARE AA+ 135 1,353.72 1.54%

Total 2,860.45 3.26%


3 IDBI Bank Limited CRISIL A1+ 12,500 11,921.75 13.59%4 Axis Bank Limited CRISIL A1+ 6,500 6,210.63 7.08%5 Vijaya Bank CARE A1+ 5,000 4,775.38 5.44%6 Canara Bank CRISIL A1+ 5,000 4,768.62 5.44%7 Canara Bank CRISIL A1+ 5,000 4,764.08 5.43%8 Andhra Bank CARE A1+ 2,500 2,392.29 2.73%9 Canara Bank CRISIL A1+ 2,500 2,388.78 2.72%10 Andhra Bank CARE A1+ 2,500 2,385.33 2.72%11 Canara Bank CRISIL A1+ 2,000 1,909.08 2.18%12 Andhra Bank CARE A1+ 1,500 1,428.54 1.63%13 Andhra Bank CARE A1+ 500 477.45 0.54%14 ICICI Bank Limited ICRA A1+ 500 477.12 0.54%

Total 43,899.05 50.04%

Commercial Paper15 Housing Development Finance Corporation Limited ICRA A1+ 2,300 10,962.58 12.50%16 National Bank for Agriculture and Rural Development CRISIL A1+ 1,800 8,587.18 9.79%17 National Bank for Agriculture and Rural Development CRISIL A1+ 1,000 4,771.34 5.44%18 JM Financial Credit Solutions Limited ICRA A1+ 1,000 4,744.02 5.41%19 Housing Development Finance Corporation Limited ICRA A1+ 1,000 4,616.19 5.26%


21 JM Financial Credit Solutions Limited ICRA A1+ 500 2,391.25 2.73%22 Infrastructure Leasing & Financial Services Limited ICRA A1+ 500 2,382.76 2.72%

Total 40,847.37 46.58%


Cash & Cash EquivalentNet Receivables/Payables (2,937.68) (3.35%)Total (2,937.68) (3.35%)GRAND TOTAL 87,714.68 100.00%

DSP BlackRock Ultra Short Term Fund

Portfolio FUND MANAGER Laukik BagweTotal work experience of 14 years. Managing this Scheme since March 2015

INVESTMENT OBJECTIVEThe investment objective of the Scheme is to seek to generate returns commensurate with risk from a portfolio constituted of money market securities and/or debt securities. There is no assurance that the investment objective of the Scheme will be realized.

ASSET ALLOCATIONMoney market securities and/or debt securities with residual maturity of lessthanorequalto1year:80%-100% Debt securities with residual maturity ofgreaterthan1year:0%-20%.Theweighted average maturity of the Scheme will be between 6 months and 1 year. The weighted average maturity will be reckoned on a) Maturity date forfixedratesecurities,b)Interestreset date or repricing date for floatingratesecurities

Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND & BWR. 2. Total Expense Ratio (F.Y. beginning to date): RP: 0.49%. DP: 0.14%

REDEMPTION PROCEEDS Normally within 1 Business Day from acceptance of redemption request.


A1+ 96.62%

AA+ 1.54%AA 1.72%






INCEPTION DATEMarch 10, 2015




PORTFOLIO YTM7.90%

•Optionsavailable:(DP&RP)

•Entryload:NotApplicable•ExitLoad:Nil

•Growth•DailyDividend -ReinvestDividend•WeeklyDividend -PayoutDividend -ReinvestDividend•MonthlyDividend -PayoutDividend -ReinvestDividend•QuarterlyDividend -PayoutDividend -ReinvestDividend


FEATURES


30

DSP BlackRock Constant Maturity 10Y G-Sec Fund

PortfolioFUND MANAGER Marzban IraniTotal work experience of 13 years. Managing this Scheme since September 2014

ASSET ALLOCATIONGovernmentSecurities:95%-100% CBLO/repo or any other alternatives as may be provided by RBI:0%-5%

INVESTMENT OBJECTIVEThe investment objective of the Scheme is to seek to generate returns commensurate with risk from a portfolio of Government Securities with weighted average maturity of around 10 years. There is noassurance that the investment objective of the Scheme will be realized.


Sr. No.


% to Net Assets

DEBT INSTRUMENTSCENTRAL GOVERNMENT SECURITIES

1 8.40% GOI 28072024 SOV 3,000,000 3,080.54 64.01%2 8.15% GOI 24112026 SOV 1,600,000 1,610.41 33.46%

Total 4,690.95 97.47%



Total 74.96 1.56%







FEATURES

PLANS: REGULAR PLAN (RP) & DIRECT PLAN (DP)•Minimuminvestmentandminimumadditional purchase (RP & DP)


•Optionsavailable:(RP&DP)•Growth•Dividend -PayoutDividend -ReinvestDividend•MonthlyDividend -PayoutDividend -ReinvestDividend•QuarterlyDividend -PayoutDividend -ReinvestDividend

•Entryload:NotApplicable•Exitload: Holding Period<=7 calendar days: 0.1% Holding Period >7 calendar days: Nil



SOV 97.47%




PORTFOLIO YTM7.94%


31

Comparative Performance of all schemes

FUND MANAGER - Apoorva Shah@


DSP BlackRock Equity Fund (DSPBREF)Period DSPBR Equity Fund CNx 500^ CNx Nifty#

30 June 2014 to 30 June 2015 13.99% 11.71% 9.95%

28 June 2013 to 30 June 2014 49.87% 36.87% 30.28%

29 June 2012 to 28 June 2013 3.49% 8.16% 10.67%

Since Inception (CAGR) 21.57% 13.48% 12.05%

Since Inception (Value *) 348,357 99,717 79,138

NAV/IndexValue(asof30-Jun-15) 56.8950 6,897.20 8,368.50

Date of allotment Apr 29, 1997

^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforRegularPlan-ReinvestDividendOption,assumingreinvestmentofdividend.Sinceinceptionreturns have been calculated from the date of allotment till 30 June 2015 @w.e.f. July 16, 2015, the scheme will be managed by Mr. Harish Zaveri and Mr. Vinit Sambre. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

FUND MANAGER - Vinit Sambre@

DSP BlackRock Technology.com Fund (DSPBRTF)

Period DSPBR Technology.com Fund S&P BSE Teck^ CNx Nifty#

30 June 2014 to 30 June 2015 12.74% 12.50% 9.95%

28 June 2013 to 30 June 2014 47.07% 43.14% 30.28%

29 June 2012 to 28 June 2013 11.31% 10.01% 10.67%


Since Inception (Value*) 50,817 27,279 64,036


Date of allotment May 16, 2000

^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforRegularPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateof allotment till 30 June 2015 @w.e.f. July 16, 2015, the scheme will be managed by Mr. M. Suryanarayanan. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

DSP BlackRock Top 100 Equity Fund (DSPBRTEF)

Period DSPBR Top 100 Equity Fund S&P BSE100^ CNx Nifty#

30 June 2014 to 30 June 2015 10.08% 9.32% 9.95%

28 June 2013 to 30 June 2014 37.16% 33.44% 30.28%

29 June 2012 to 28 June 2013 5.96% 9.91% 10.67%




Date of allotment Mar 10, 2003

^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforRegularPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateof allotment till 30 June 2015 @w.e.f. July 16, 2015, the scheme will be managed by Mr. Harish Zaveri. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

FUND MANAGER - Apoorva Shah@, Vinit Sambre

DSP BlackRock Small and Mid Cap Fund (DSPBRSMF)

Period DSPBR Small and Mid Cap Fund CNx Midcap^ CNx Nifty#

30 June 2014 to 30 June 2015 22.57% 17.24% 9.95%

28 June 2013 to 30 June 2014 75.97% 51.13% 30.28%

29 June 2012 to 28 June 2013 1.09% (0.13%) 10.67%




Date of allotment Nov 14, 2006

^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforRegularPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateof allotment till 30 June 2015 @w.e.f. July 16, 2015, the scheme will be managed by Mr. Vinit Sambre. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

FUND MANAGER - Vinit Sambre, Jay Kothari

DSP BlackRock Micro Cap Fund (DSPBRMCF)

Period DSPBR Micro Cap Fund S&P BSE Small Cap^ CNx Nifty#

30 June 2014 to 30 June 2015 46.74% 8.55% 9.95%

28 June 2013 to 30 June 2014 81.75% 80.79% 30.28%

29 June 2012 to 28 June 2013 (1.19%) (13.76%) 10.67%




Date of allotment Jun 14, 2007

^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforRegularPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateof allotment till 30 June 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

FUND MANAGER - harish Zaveri, Jay Kothari

DSP BlackRock Focus 25 Fund (DSPBRF25F)Period DSPBR Focus 25 Fund S&P BSE 200^ CNx Nifty#

30 June 2014 to 30 June 2015 27.93% 12.01% 9.95%

28 June 2013 to 30 June 2014 38.53% 34.45% 30.28%

29 June 2012 to 28 June 2013 8.96% 8.69% 10.67%







DSP BlackRock Opportunities Fund (DSPBROF)

Period DSPBR Opportunities Fund CNx 500^ CNx Nifty#

30 June 2014 to 30 June 2015 20.84% 11.71% 9.95%

28 June 2013 to 30 June 2014 40.23% 36.87% 30.28%

29 June 2012 to 28 June 2013 14.03% 8.16% 10.67%





^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforRegularPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateof allotment till 30 June [email protected]. June 1, 2015, the scheme will be managed by Mr. Rohit Singhania. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

FUND MANAGER - Vinit Sambre, Dhawal Dalal

DSP BlackRock Balanced Fund (DSPBRBaLF)

Period DSPBR Balanced Fund CRISIL Balanced Fund Index^ CNx Nifty#

30 June 2014 to 30 June 2015 23.51% 10.58% 9.95%

28 June 2013 to 30 June 2014 30.94% 21.01% 30.28%

29 June 2012 to 28 June 2013 4.53% 10.90% 10.67%

Since Inception (CAGR) 15.94% NA# 13.48%

Since Inception (Value*) 108,256 NA1 76,673.23



^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returns are for Regular Plan - Growth Option. 1Since historical data is not available, performance has not been compared. Since inception returns have been calculated from the date of allotment till 30 June 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.RP-RegularPlan,IP-InstitutionalPlan

32


FUND MANAGER - Rohit Singhania, Jay Kothari

FUND MANAGER - Rohit Singhania

DSP BlackRock India T.I.G.E.R. Fund (DSPBRITF) (The Infrastructure Growth and Economic Reforms Fund)

Period DSPBR India T.I.G.E.R. Fund S&P BSE100^ CNx Nifty#

30 June 2014 to 30 June 2015 13.88% 9.32% 9.95%

28 June 2013 to 30 June 2014 54.16% 33.44% 30.28%

29 June 2012 to 28 June 2013 (0.46%) 9.91% 10.67%






FUND MANAGER - Jay Kothari

DSP BlackRock world Gold Fund (DSPBRwGF)

Period DSPBR world Gold Fund FTSE Gold Mine^ CNx Nifty#

30 June 2014 to 30 June 2015 (21.40%) (26.91%) 9.95%

28 June 2013 to 30 June 2014 20.89% 10.95% 30.28%

29 June 2012 to 28 June 2013 (42.05%) (44.20%) 10.67%

Since Inception (CAGR) (0.59%) (4.99%) 8.23%



Date of allotment Sep 14, 2007


DSP BlackRock Natural Resources and New Energy Fund (DSPBRNRNEF)

PeriodDSPBR Natural

Resources and New Nergy Fund

Composite Benchmark^ CNx Nifty#

30 June 2014 to 30 June 2015 4.24% (20.44%) 9.95%

28 June 2013 to 30 June 2014 60.19% 35.91% 30.28%

29 June 2012 to 28 June 2013 (12.43%) 4.36% 10.67%

Since Inception (CAGR) 8.90% (0.70%) 7.10%


NAV/IndexValue(asof30-Jun-15) 18.4540 95.06 8,368.50


^Scheme Benchmark (Composite Benchmark = 30% S&P BSE Metals + 35% S&P BSE Oil & Gas + 35% MSCI World EnergyIndex-Net&ExpressedinINR;NormalisedValues)#StandardBenchmark.*Basedoninvestmentof 10,000madeatinception.AllreturnsareforRegularPlan-GrowthOption.Sinceinceptionreturnshave been calculated from the date of allotment till 30 June 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


DSP BlackRock Tax Saver Fund (DSPBRTSF)

Period DSPBR Tax Saver Fund CNx 500^ CNx Nifty#

30 June 2014 to 30 June 2015 20.71% 11.71% 9.95%

28 June 2013 to 30 June 2014 47.34% 36.87% 30.28%

29 June 2012 to 28 June 2013 12.77% 8.16% 10.67%




Date of allotment Jan 18, 2007

^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforRegularPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateofallotment till 30 June 2015 @w.e.f. July 16, 2015, the scheme will be managed by Mr. Rohit Singhania. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


DSP BlackRock world Energy Fund (DSPBRwEF)

Period DSPBR world Energy Fund


30 June 2014 to 30 June 2015 (16.96%) (12.87%) 9.95%

28 June 2013 to 30 June 2014 24.36% 29.41% 30.28%

29 June 2012 to 28 June 2013 12.16% 20.66% 10.67%




Date of allotment Aug 14, 2009

^SchemeBenchmark(CompositeBenchmark=30%MSCIWorldIndex+70%MSCIWorldEnergyIndex-Net& Expressed in INR; Normalised Values) #Standard Benchmark. *Based on investment of 10,000 made at inception.AllreturnsareforRegularPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfrom the date of allotment till 30 June 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


DSP BlackRock world Mining Fund (DSPBRwMF)

Period DSPBR world Mining Fund

hSBC Mining Index^ CNx Nifty#

30 June 2014 to 30 June 2015 (27.37%) (27.65%) 9.95%

28 June 2013 to 30 June 2014 19.28% 19.73% 30.28%

29 June 2012 to 28 June 2013 (24.55%) (21.38%) 10.67%




Date of allotment Dec 29, 2009


FUND MANAGER - Jay Kothari, Laukik Bagwe

DSP BlackRock US Flexible~ Equity Fund (DSPBRUSFEF)

Period DSPBR US Flexible Equity Fund

Russell 1000 Index^ CNx Nifty#

30 June 2014 to 30 June 2015 10.95% 13.75% 9.95%

28 June 2013 to 30 June 2014 23.27% 26.22% 30.28%




Date of allotment Aug 3, 2012


~Theterm“Flexible”inthenameoftheSchemesignifiesthattheInvestmentManageroftheUnderlyingFund can invest either in growth or value investment characteristic securities placing an emphasis as the market outlook warrants.


DSP BlackRock world Agriculture Fund (DSPBRwAF)

Period DSPBR world Agriculture Fund

DAx Global Agribusiness

Index^CNx Nifty#

30 June 2014 to 30 June 2015 4.17% 4.39% 9.95%

28 June 2013 to 30 June 2014 12.99% 12.61% 30.28%

29 June 2012 to 28 June 2013 10.25% 15.68% 10.67%




Date of allotment Oct 19, 2011

^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforRegularPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateofallotment till 30 June 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

RP-RegularPlan,IP-InstitutionalPlan

33


FUND MANAGER - Dhawal Dalal

DSPBR Banking & PSU Debt Fund - RP (DSPBRBPDF)

PeriodDSPBR Banking & PSU Debt Fund

CRISIL Short Term Bond Fund Index^

Crisil 1 Year T-Bill Index#

30 June 2014 to 30 June 2015 9.17% 9.56% 8.54%





^Scheme Benchmark. #Standard Benchmark.*Based on investment of 10,000 made at inception. All returnsareforRegularPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateofallotmenttill30June2015Incaseofallotmentdateisanon-businessday,theBenchmarkreturnsarecomputed using the latest available benchmark value on the allotment date. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

FUND MANAGER - Dhawal Dalal, Vivek Ved

DSP BlackRock Treasury Bill Fund - RP (DSPBRTBF)

Period DSPBR Treasury Bill Fund

CRISIL Composite T-Bill

Index^


Last 7 days till 31 July 2015 6.52% 7.83% 6.34%


Last 1 Month till 31 July 2015 7.21% 8.15% 8.28%

30 June 2014 to 30 June 2015 7.91% 8.66% 8.54%

28 June 2013 to 30 June 2014 10.35% 8.00% 5.93%

29 June 2012 to 28 June 2013 7.57% 8.24% 8.17%


Since Inception (Value*) 28,629 NA1 26,722

NAV/IndexValue(asof31-Jul-15) 28.8046 1,893.45 4,239.87


^Scheme Benchmark. #Standard Benchmark.*Based on investment of 10,000 made at inception. All returnsareforRegularPlan-GrowthOption.1Since historical data is not available, performance has not been compared. Since inception returns have been calculated from the date of allotment till 31 July 2015. Returns shown for 7 days, 15 days and 30 days are computed on simple annualised basis. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


FUND MANAGER - Dhawal Dalal, Vinit Sambre@

DSP BlackRock MIP Fund~ (DSPBRMIPF)

Period DSPBR MIP Fund CRISIL MIP Blended Index^


30 June 2014 to 30 June 2015 10.56% 11.05% 8.54%

28 June 2013 to 30 June 2014 12.93% 8.28% 5.93%

29 June 2012 to 28 June 2013 9.34% 10.83% 8.17%


Since Inception (Value*) 28,929 23,828 18,718.13



^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforRegularPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateof allotment till 30 June 2015 @w.e.f. July 16, 2015, the scheme will be managed by Mr. Harish Zaveri and Mr. Dhawal Dalal. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

FUND MANAGER - Dhawal Dalal@

DSP BlackRock Short Term Fund (DSPBRSTF)

Period DSPBR Short Term Fund CRISIL Short Term Bond Fund Index^


30 June 2014 to 30 June 2015 9.41% 9.56% 8.54%

28 June 2013 to 30 June 2014 8.49% 8.81% 5.93%

29 June 2012 to 28 June 2013 9.50% 9.30% 8.17%





^Scheme Benchmark. #Standard Benchmark.*Based on investment of 10,000 made at inception. All returnsareforRegularPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateof allotment till 30 June 2015 @w.e.f. July 16, 2015, the scheme will be managed by Mr. Marzban Irani. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

FUND MANAGER - Laukik Bagwe

DSP BlackRock Liquidity Fund - RP (DSPBRLF)

Period DSPBR Liquidity Fund - RP

Crisil Liquid Fund Index^

Crisil 91 Day T-Bill Index#




30 June 2014 to 30 June 2015 8.66% 8.77% 8.69%

28 June 2013 to 30 June 2014 9.23% 9.68% 8.81%

29 June 2012 to 28 June 2013 8.62% 8.12% 8.29%


Since Inception (Value*) 33,536 NA1 30,226


Date of allotment Mar 11, 1998

^Scheme Benchmark. #Standard Benchmark.*Based on investment of 10,000 made at inception. All returnsareforRegularPlan-GrowthOption.1Since historical data is not available, performance has not been compared. Since inception returns have been calculated from the date of allotment till 31 July 2015. Returns shown for 7 days, 15 days and 30 days are computed on simple annualised basis. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


DSP BlackRock Liquidity Fund - IP (DSPBRLF)

Period DSPBR Liquidity Fund - IP






30 June 2014 to 30 June 2015 8.81% 8.77% 8.69%

28 June 2013 to 30 June 2014 9.44% 9.68% 8.81%

29 June 2012 to 28 June 2013 8.91% 8.12% 8.29%



NAV/IndexValue(asof31-Jul-15) 2,054.2832 2,383.60 4,164.27


^Scheme Benchmark. #Standard Benchmark.*Based on investment of 10,000 made at inception. All returnsareforInstitutionalPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedate of allotment till 31 July 2015. Returns shown for 7 days, 15 days and 30 days are computed on simple annualised basis. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


DSP BlackRock Money Manager Fund - RP (DSPBRMMF)

Period DSPBR Money Manager Fund - RP



30 June 2014 to 30 June 2015 8.42% 8.77% 8.54%

28 June 2013 to 30 June 2014 9.49% 9.68% 5.93%

29 June 2012 to 28 June 2013 8.36% 8.12% 8.17%



NAV/IndexValue(asof30-Jun-15) 1,926.0162 2,367.53 4,210.25

Date of allotment Jul 31, 2006

^Scheme Benchmark. #Standard Benchmark.*Based on investment of 10,000 made at inception. All returnsareforRegularPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateof allotment till 30 June 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


DSP BlackRock Money Manager Fund - IP (DSPBRMMF)

Period DSPBR Money Manager Fund - IP



30 June 2014 to 30 June 2015 8.82% 8.77% 8.54%

28 June 2013 to 30 June 2014 9.96% 9.68% 5.93%

29 June 2012 to 28 June 2013 8.94% 8.12% 8.17%




Date of allotment Jul 31, 2006

^Scheme Benchmark. #Standard Benchmark.*Based on investment of 10,000 made at inception. All returnsareforInstitutionalPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedate of allotment till 30 June 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

RP-RegularPlan,IP-InstitutionalPlan

34



DSP BlackRock Government Securities Fund (DSPBRGSF)

Period DSPBR Government Securities Fund

CRISIL Long Term Gilt Index^

Crisil 10 Year Gilt Index#

30 June 2014 to 30 June 2015 11.33% 12.16% 11.76%

28 June 2013 to 30 June 2014 0.09% 0.08% (2.47%)

29 June 2012 to 28 June 2013 12.43% 13.69% 12.10%

Since Inception (CAGR) 9.92% NA# NA#

Since Inception (Value*) 44,382 NA1 NA1



^Scheme Benchmark. #Standard Benchmark.*Based on investment of 10,000 made at inception. All returns are for Regular Plan - GrowthOption. 1Since historical data is not available, performance has not been compared. Since inception returns have been calculated from the date of allotment till 30 June 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


DSP BlackRock Bond Fund (DSPBRBF)

Period DSPBR Bond Fund Crisil Composite Bond Fund Index^


30 June 2014 to 30 June 2015 10.75% 11.10% 11.76%

28 June 2013 to 30 June 2014 3.44% 4.60% (2.47%)

29 June 2012 to 28 June 2013 10.83% 10.72% 12.10%

Since Inception (CAGR) 8.50% NA# NA#

Since Inception (Value*) 44,049 NA1 NA1



^Scheme Benchmark. #Standard Benchmark.*Based on investment of 10,000 made at inception. All returns are for Regular Plan - GrowthOption. 1Since historical data is not available, performance has not been compared. Since inception returns have been calculated from the date of allotment till 30 June 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


DSP BlackRock Strategic Bond Fund - IP (DSPBRSBF)

Period DSPBR Strategic Bond Fund - IP

Crisil Composite Bond Fund Index^


30 June 2014 to 30 June 2015 10.79% 11.10% 11.76%

28 June 2013 to 30 June 2014 6.66% 4.60% (2.47%)

29 June 2012 to 28 June 2013 10.85% 10.72% 12.10%





^Scheme Benchmark. #Standard Benchmark.*Based on investment of 10,000 made at inception. All returnsareforInstitutionalPlan-GrowthOption.SinceinceptionreturnshavebeencalculatedfromNov12,2008astherewerenoinvestorsinthisplanforasignificiantperiodbeforethisdate.Sinceinceptionreturns have been calculated from the date of allotment till 30 June 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


DSP BlackRock Strategic Bond Fund - RP (DSPBRSBF)

Period DSPBR Strategic Bond Fund - RP


CRISIL 10 Year Gilt Index#

30 June 2014 to 30 June 2015 10.84% 11.10% 11.76%

28 June 2013 to 30 June 2014 6.68% 4.60% (2.47%)

29 June 2012 to 28 June 2013 10.58% 10.72% 12.10%





^Scheme Benchmark. #Standard Benchmark.*Based on investment of 10,000 made at inception. All returnsareforRegularPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateof allotment till 30 June 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


DSP BlackRock Income Opportunities Fund - RP (DSPBRIOF)

PeriodDSPBR Income Opportunities

Fund - RP

Composite Benchmark^

Crisil 1 Year T-Bill

Index#30 June 2014 to 30 June 2015 9.69% 10.29% 8.54%

28 June 2013 to 30 June 2014 9.15% 6.77% 5.93%

29 June 2012 to 28 June 2013 9.16% 9.98% 8.17%





^Scheme Benchmark (Composite Benchmark = 50% of CRISIL Short Term Bond Fund Index + 50% of CRISIL Composite Bond Fund Index; Normalised Values). #Standard Benchmark.*Based on investment of 10,000 madeat inception.All returnsare forRegularPlan -GrowthOption.Since inception returnshavebeencalculated from the date of allotment till 30 June 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


DSP BlackRock Income Opportunities Fund - IP (DSPBRIOF)


Fund - IP



30 June 2014 to 30 June 2015 10.24% 10.29% 8.54%

28 June 2013 to 30 June 2014 9.70% 6.77% 5.93%

29 June 2012 to 28 June 2013 9.98% 9.98% 8.17%



NAV/IndexValue(asof30-Jun-15) 2,092.1276 217.59 4,210.25

Date of allotment Oct 18, 2005

^Scheme Benchmark (Composite Benchmark = 50% of CRISIL Short Term Bond Fund Index + 50% of CRISIL Composite Bond Fund Index; Normalised Values). #Standard Benchmark.*Based on investment of 10,000 madeatinception.AllreturnsareforInstitutionalPlan-GrowthOption.Sinceinceptionreturnshavebeencalculated from the date of allotment till 30 June 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

DSPBREF, DSPBROF and DSPBRTSF, which are benchmarked to the CNX 500 Index, are not sponsored, endorsed, sold or promoted by India Index Services & products Limited (IISL). IISL is not responsible for any errors or omissions or the results obtained from the use of such index and in no event shall IISL have any liability to any partyforanydamagesofwhatsoevernature(includinglostprofits)resultedtosuchpartyduetopurchaseorsale or otherwise, of DSPBREF, DSPBROF or DSPBRTSF marked to such index.

DSPBRSMF, which is benchmarked to the CNX Midcap Index, is not sponsored, endorsed, sold or promoted by India Index Services & products Limited (IISL). IISL is not responsible for any errors or omissions or the results obtained from the use of such index and in no event shall IISL have any liability to any party for any damages ofwhatsoevernature(includinglostprofits)resultedtosuchpartyduetopurchaseorsaleorotherwiseofDSPBRSMF marked to such index.

The S&P BSE 100, S&P BSE 200, S&P BSE Small Cap, S&P BSE Teck, S&P BSE Metals, S&P BSE Oil and Gas & S&P BSE SENSEX are product of Asia Index Private Limited, which is a joint venture of S&P Dow Jones Indices LLC oritsaffiliates(“SPDJI”)andBSE,andhasbeenlicensedforusebyDSPBlackRockInvestmentManagersPvt.Ltd. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); BSE® is a registered trademark of BSE Limited (“BSE”); and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). © Asia Index Private Limited 2014. All rights reserved.

Note: (a) All returns are absolute unless otherwise mentioned. (b) Load is not taken into consideration for computation of performance. (c)DSPBlackRockGlobalAllocationFund,DSPBlackRockConstantMaturity10YG-SecFundandDSP

BlackRock Ultra Short Term Fund have not completed 1 year hence performance data of the same is not provided.

(d) Performance of Closed ended schemes are not provided as their performance are not strictly comparablewithperformanceofopen-endedschemes.

FUND MANAGER - Apoorva Shah@, Dhawal Dalal

DSP BlackRock Dynamic Asset Allocation Fund (DSPBRDAAF)

Period DSPBR Dynamic Asset Allocation Fund

CRISIL Balanced Fund Index^ CNx Nifty#

30 June 2014 to 30 June 2015 7.36% 10.58% 9.95%




Date of allotment Feb 6, 2014

^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforRegularPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateof allotment till 30 June 2015 @w.e.f. July 16, 2015, the scheme will be managed by Mr. Harish Zaveri and Mr. Dhawal Dalal. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

35

Comparative Performance of all schemes - Direct Plan

FUND MANAGER - Rohit Singhania

DSP BlackRock India T.I.G.E.R. Fund (DSPBRITF) (The Infrastructure Growth and Economic Reforms Fund)

Period DSPBR India T.I.G.E.R. Fund S&P BSE100^ CNx Nifty#

30 June 2014 to 30 June 2015 14.47% 9.32% 9.95%

28 June 2013 to 30 June 2014 54.90% 33.44% 30.28%





^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforDirectPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateofallotment till 30 June 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


DSP BlackRock Tax Saver Fund (DSPBRTSF)

Period DSPBR Tax Saver Fund CNx 500^ CNx Nifty#

30 June 2014 to 30 June 2015 21.46% 11.71% 9.95%

28 June 2013 to 30 June 2014 48.06% 36.87% 30.28%





^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforDirectPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateofallotment till 30 June 2015 @w.e.f. July 16, 2015, the scheme will be managed by Mr. Rohit Singhania. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

FUND MANAGER - Apoorva Shah@, Vinit Sambre



DSP BlackRock Equity Fund (DSPBREF)Period DSPBR Equity Fund CNx 500^ CNx Nifty#

30 June 2014 to 30 June 2015 14.66% 11.71% 9.95%

28 June 2013 to 30 June 2014 50.70% 36.87% 30.28%


Since Inception (Value *) 15,253 14,411 14,063



^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforDirectPlan-ReinvestDividendOption,assumingreinvestmentofdividend.Sinceinceptionreturns have been calculated from the date of allotment till 30 June 2015 @w.e.f. July 16, 2015, the scheme will be managed by Mr. Harish Zaveri and Mr. Vinit Sambre. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

FUND MANAGER - Vinit Sambre@

DSP BlackRock Technology.com Fund (DSPBRTF)

Period DSPBR Technology.com Fund S&P BSE Teck^ CNx Nifty#

30 June 2014 to 30 June 2015 13.35% 12.50% 9.95%

28 June 2013 to 30 June 2014 47.87% 43.14% 30.28%





^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforDirectPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateofallotment till 30 June 2015 @w.e.f. July 16, 2015, the scheme will be managed by Mr. M. Suryanarayanan. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

DSP BlackRock Top 100 Equity Fund (DSPBRTEF)

Period DSPBR Top 100 Equity Fund S&P BSE100^ CNx Nifty#

30 June 2014 to 30 June 2015 10.69% 9.32% 9.95%

28 June 2013 to 30 June 2014 37.91% 33.44% 30.28%





^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforDirectPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateofallotment till 30 June 2015 @w.e.f. July 16, 2015, the scheme will be managed by Mr. Harish Zaveri. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

DSP BlackRock Small and Mid Cap Fund (DSPBRSMF)

Period DSPBR Small and Mid Cap Fund CNx Midcap^ CNx Nifty#

30 June 2014 to 30 June 2015 23.40% 17.24% 9.95%

28 June 2013 to 30 June 2014 77.02% 51.13% 30.28%





^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforDirectPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateof allotment till 30 June 2015 @w.e.f. July 16, 2015, the scheme will be managed by Mr. Vinit Sambre.Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

FUND MANAGER - Vinit Sambre, Jay Kothari

DSP BlackRock Micro Cap Fund (DSPBRMCF)

Period DSPBR Micro Cap Fund S&P BSE Small Cap^ CNx Nifty#

30 June 2014 to 30 June 2015 47.74% 8.55% 9.95%

28 June 2013 to 30 June 2014 82.92% 80.79% 30.28%






FUND MANAGER - Apoorva Shah, Jay Kothari

DSP BlackRock Focus 25 Fund (DSPBRF25F)Period DSPBR Focus 25 Fund S&P BSE 200^ CNx Nifty#

30 June 2014 to 30 June 2015 28.76% 12.01% 9.95%

28 June 2013 to 30 June 2014 39.28% 34.45% 30.28%







DSP BlackRock Opportunities Fund (DSPBROF)

Period DSPBR Opportunities Fund CNx 500^ CNx Nifty#

30 June 2014 to 30 June 2015 21.48% 11.71% 9.95%28 June 2013 to 30 June 2014 40.97% 36.87% 30.28%Since Inception (CAGR) 21.47% 15.78% 14.65%




^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforDirectPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateofallotment till 30 June 2015 @w.e.f. June 1, 2015, the scheme will be managed by Mr. Rohit Singhania. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

FUND MANAGER - Apoorva Shah, Dhawal Dalal

DSP BlackRock Balanced Fund (DSPBRBaLF)

Period DSPBR Balanced Fund CRISIL Balanced Fund Index^ CNx Nifty#

30 June 2014 to 30 June 2015 24.29% 10.58% 9.95%

28 June 2013 to 30 June 2014 31.65% 21.01% 30.28%





^Scheme Benchmark. #Standard Benchmark. *Based on investment of ` 10,000 made at inception. All returnsareforDirectPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateofallotment till 30 June 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

36


DSP BlackRock MIP Fund~ (DSPBRMIPF)

Period DSPBR MIP Fund CRISIL MIP Blended Index^


30 June 2014 to 30 June 2015 11.25% 11.05% 8.54%

28 June 2013 to 30 June 2014 13.53% 8.28% 5.93%Since Inception (CAGR) 10.48% 9.47% 7.41%Since Inception (Value*) 12,818 12,527 11,947.53NAV/IndexValue(asof30-Jun-15) 29.3911 2,946.33 4,210.25Date of allotment Jan 02, 2013

^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforDirectPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateof allotment till 30 June 2015 @w.e.f. July 16, 2015, the scheme will be managed by Mr. Harish Zaveri and Mr. Dhawal Dalal. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

FUND MANAGER - Rohit Singhania, Jay Kothari FUND MANAGER - Jay Kothari

DSP BlackRock world Gold Fund (DSPBRwGF)

Period DSPBR world Gold Fund FTSE Gold Mine^ CNx Nifty#

30 June 2014 to 30 June 2015 (21.08%) (26.91%) 9.95%

28 June 2013 to 30 June 2014 21.39% 10.95% 30.28%






DSP BlackRock Natural Resources and New Energy Fund (DSPBRNRNEF)

PeriodDSPBR Natural

Resources and New Nergy Fund


30 June 2014 to 30 June 2015 4.74% (20.44%) 9.95%

28 June 2013 to 30 June 2014 60.98% 35.91% 30.28%







DSP BlackRock world Energy Fund (DSPBRwEF)

Period DSPBR world Energy Fund


30 June 2014 to 30 June 2015 (16.73%) (12.87%) 9.95%

28 June 2013 to 30 June 2014 24.66% 29.41% 30.28%Since Inception (CAGR) 6.02% 9.94% 14.24%Since Inception (Value*) 11,565 12,657 13,925NAV/IndexValue(asof30-Jun-15) 13.1480 191.47 8,368.50Date of allotment Jan 03, 2013



DSP BlackRock world Mining Fund (DSPBRwMF)

Period DSPBR world Mining Fund

hSBC Mining Index^ CNx Nifty#

30 June 2014 to 30 June 2015 (27.00%) (27.65%) 9.95%

28 June 2013 to 30 June 2014 19.85% 19.73% 30.28%






FUND MANAGER - Jay Kothari, Laukik Bagwe

DSP BlackRock US Flexible~ Equity Fund (DSPBRUSFEF)

Period DSPBR US Flexible Equity Fund

Russell 1000 Index^ CNx Nifty#

30 June 2014 to 30 June 2015 11.55% 13.75% 9.95%

28 June 2013 to 30 June 2014 24.00% 26.22% 30.28%






~Theterm“Flexible”inthenameoftheSchemesignifiesthattheInvestmentManageroftheUnderlyingFund can invest either in growth or value investment characteristic securities placing an emphasis as the market outlook warrants.

FUND MANAGER - Jay KothariDSP BlackRock world Agriculture Fund (DSPBRwAF)

Period DSPBR world Agriculture Fund

DAx Global Agribusiness

Index^CNx Nifty#

30 June 2014 to 30 June 2015 4.49% 4.39% 9.95%

28 June 2013 to 30 June 2014 13.37% 12.61% 30.28%Since Inception (CAGR) 9.32% 9.31% 14.35%Since Inception (Value*) 12,485 12,482 13,963NAV/IndexValue(asof30-Jun-15) 15.4881 43,967.69 8,368.50Date of allotment Jan 02, 2013

^Scheme Benchmark. #Standard Benchmark. *Based on investment of ` 10,000 made at inception. All returnsareforDirectPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateofallotment till 30 June 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


FUND MANAGER - Dhawal Dalal, Vinit Sambre@


DSP BlackRock Liquidity Fund (DSPBRLF)

Period DSPBR Liquidity Fund Crisil Liquid Fund Index^





30 June 2014 to 30 June 2015 8.88% 8.77% 8.69%

28 June 2013 to 30 June 2014 9.50% 9.68% 8.81%



NAV/IndexValue(asof31-Jul-15) 2,057.5250 2,383.60 4,164.27

Date of allotment Dec 31, 2012

^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforDirectPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateof allotment till 31 July 2015. Returns shown for 7 days, 15 days and 30 days are computed on simple annualised basis. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

FUND MANAGER - Apoorva Shah@, Dhawal Dalal

DSP BlackRock Dynamic Asset Allocation Fund (DSPBRDAAF)

Period DSPBR Dynamic Asset Allocation Fund

CRISIL Balanced Fund Index^ CNx Nifty#

30 June 2014 to 30 June 2015 8.34% 10.58% 9.95%Since Inception (CAGR) 11.44% 21.36% 26.40%Since Inception (Value*) 11,631 13,098 13,863.63NAV/IndexValue(asof30-Jun-15) 11.6308 5,195.74 8,368.50Date of allotment Feb 6, 2014

^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforDirectPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateofallotment till 30 June 2015 @w.e.f. July 16, 2015, the scheme will be managed by Mr. Harish Zaveri and Mr. Dhawal Dalal.Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

37



DSP BlackRock Income Opportunities Fund (DSPBRIOF)


Fund


Crisil 1 Year T-Bill

Index#30 June 2014 to 30 June 2015 10.24% 10.29% 8.54%

28 June 2013 to 30 June 2014 9.70% 6.77% 5.93%





^Scheme Benchmark (Composite Benchmark = 50% of CRISIL Short Term Bond Fund Index + 50% of CRISIL Composite Bond Fund Index; Normalised Values). #Standard Benchmark. *Based on investment of ` 10,000 made at inception.All returns are for Direct Plan - GrowthOption. Since inception returns have beencalculated from the date of allotment till 30 June 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


DSP BlackRock Money Manager Fund (DSPBRMMF)

Period DSPBR Money Manager Fund



30 June 2014 to 30 June 2015 8.93% 8.77% 8.54%

28 June 2013 to 30 June 2014 10.01% 9.68% 5.93%







DSP BlackRock Government Securities Fund (DSPBRGSF)

Period DSPBR Government Securities Fund

CRISIL Long Term Gilt Index^


30 June 2014 to 30 June 2015 11.61% 12.16% 11.76%

28 June 2013 to 30 June 2014 0.34% 0.08% (2.47%)







DSPBR Banking & PSU Debt Fund (DSPBRBPDF)

PeriodDSPBR Banking & PSU Debt Fund

CRISIL Short Term Bond Fund Index^


30 June 2014 to 30 June 2015 9.55% 9.56% 8.54%





^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforDirectPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateofallotmenttill30June2015Incaseofallotmentdateisanon-businessday,theBenchmarkreturnsarecomputed using the latest available benchmark value on the allotment date. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


DSP BlackRock Bond Fund (DSPBRBF)

Period DSPBR Bond Fund Crisil Composite Bond Fund Index^


30 June 2014 to 30 June 2015 11.47% 11.10% 11.76%

28 June 2013 to 30 June 2014 4.13% 4.60% (2.47%)






FUND MANAGER - Dhawal DalalDSP BlackRock Strategic Bond Fund (DSPBRSBF)

Period DSPBR Strategic Bond Fund


CRISIL 10 Year Gilt Index#

30 June 2014 to 30 June 2015 11.17% 11.10% 11.76%

28 June 2013 to 30 June 2014 7.03% 4.60% (2.47%)






FUND MANAGER - Dhawal Dalal, Vivek Ved

DSP BlackRock Treasury Bill Fund (DSPBRTBF)

Period DSPBR Treasury Bill Fund

CRISIL Composite T-Bill

Index^





30 June 2014 to 30 June 2015 8.18% 8.66% 8.54%

28 June 2013 to 30 June 2014 10.61% 8.00% 5.93%




Date of allotment 01-Jan-13

^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforDirectPlan-GrowthOption.Since inception returns have been calculated from the date of allotment till 31 July 2015. Returns shown for 7 days, 15 days and 30 days are computed on simple annualised basis. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

DSPBREF, DSPBROF and DSPBRTSF, which are benchmarked to the CNX 500 Index, are not sponsored, endorsed, sold or promoted by India Index Services & products Limited (IISL). IISL is not responsible for any errors or omissionsortheresultsobtainedfromtheuseofsuchindexandinnoeventshallIISLhaveanyliabilitytoanypartyforanydamagesofwhatsoevernature(includinglostprofits)resultedtosuchpartyduetopurchaseor sale or otherwise, of DSPBREF, DSPBROF or DSPBRTSF marked to such index. DSPBRSMF, which is benchmarked to the CNX Midcap Index, is not sponsored, endorsed, sold or promoted by India Index Services & products Limited (IISL). IISL is not responsible for any errors or omissions or the results obtainedfromtheuseofsuchindexandinnoeventshallIISLhaveanyliabilitytoanypartyforanydamagesofwhatsoevernature(includinglostprofits)resultedtosuchpartyduetopurchaseorsaleorotherwiseofDSPBRSMF marked to such index. The S&P BSE 100, S&P BSE 200, S&P BSE Small Cap, S&P BSE Teck, S&P BSE Metals, S&P BSE Oil and Gas & S&P BSE SENSEX are product of Asia Index Private Limited, which is a joint venture of S&P Dow Jones Indices LLC oritsaffiliates(“SPDJI”)andBSE,andhasbeenlicensedforusebyDSPBlackRockInvestmentManagersPvt.Ltd.Standard&Poor’s®andS&P®areregisteredtrademarksofStandard&Poor’sFinancialServicesLLC(“S&P”); BSE® is a registered trademark of BSE Limited (“BSE”); and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). © Asia Index Private Limited 2014. All rights reserved. Note: (a) All returns are absolute unless otherwise mentioned. (b) Load is not taken into consideration for computation of performance. (c) DSP BlackRock Global Allocation Fund, DSP BlackRock Constant Maturity 10Y G-SecFundandDSP BlackRock Ultra Short Fund have not completed 1 year hence performance data of the same is not provided. (d) Performance of Closed ended schemes are not provided as their performance are not strictlycomparablewithperformanceofopen-endedschemes.

FUND MANAGER - Dhawal Dalal@

DSP BlackRock Short Term Fund (DSPBRSTF)

Period DSPBR Short Term Fund CRISIL Short Term Bond Fund Index^


30 June 2014 to 30 June 2015 10.06% 9.56% 8.54%

28 June 2013 to 30 June 2014 9.04% 8.81% 5.93%





^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforDirectPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateofallotment till 30 June 2015 @w.e.f. July 16, 2015, the scheme will be managed by Mr. Marzban Irani. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

38

SIP Investment Performance of all Equity oriented schemes (as on July 31, 2015)

DSP BlackRock Equity Fund (DSPBREF) - RP - Dividend

SIP Investments Since Inception* 15 Years 12 Years 10 Years 8 Years 5 Years 3 Years 1 Year

Total Amount Invested (Rs’000) 219.00 180.00 144.00 120.00 96.00 60.00 36.00 12.00

Scheme Market Value (Rs’000) 2,140.98 1,219.14 501.42 275.00 180.97 91.75 51.05 12.31

Benchmark^ Market Value (Rs’000) 1,014.97 659.78 338.23 219.54 157.91 86.08 48.01 12.31

Standard Benchmark^^ Market Value (Rs’000) 903.81 608.80 335.92 217.00 153.41 83.20 46.03 12.14

Scheme Return Yield (%) 21.63 22.75 19.32 15.84 15.44 17.04 24.13 4.89

Benchmark^ Return Yield (%) 14.95 15.78 13.42 11.63 12.15 14.43 19.68 4.92

Standard Benchmark^^ Return Yield(%) 13.90 14.86 13.32 11.41 11.45 13.05 16.68 2.24

^CNX 500 Index; ^CNXNiftyIndex;*Inceptiondate:29-Apr-1997.AllreturnsareforRegularPlan-ReinvestDividend Option, assuming reinvestment of dividend. Since inception returns have been calculated from the date of allotment till 30 June 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

DSP BlackRock Opportunities Fund (DSPBROF) - RP - Growth



Scheme Market Value (Rs’000) 1,160.15 1,129.29 450.91 265.22 184.17 95.21 52.45 12.77

Benchmark^ Market Value (Rs’000) 674.39 659.78 338.23 219.54 157.91 86.08 48.01 12.31





^CNX 500 Index; ^^CNXNiftyIndex;*Inceptiondate:16-May-2000.AllreturnsareforRegularPlan-GrowthOption. Since inception returns have been calculated from the date of allotment till 30 June 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

DSP BlackRock Small and Midcap Fund (DSPBRSMF) - RP - Growth


Total Amount Invested (Rs’000) 104.00 -- -- -- 96.00 60.00 36.00 12.00

Scheme Market Value (Rs’000) 260.65 -- -- -- 233.08 109.60 59.55 13.02

Benchmark^ Market Value (Rs’000) 196.97 -- -- -- 176.73 93.04 52.97 12.78

Standard Benchmark^^ Market Value (Rs’000) 170.24 -- -- -- 153.41 83.20 46.03 12.14

Scheme Return Yield (%) 20.44 -- -- -- 21.54 24.38 35.70 16.17

Benchmark^ Return Yield (%) 14.28 -- -- -- 14.86 17.61 26.85 12.31

Standard Benchmark^^ Return Yield(%) 11.06 -- -- -- 11.45 13.05 16.68 2.24

^CNX Midcap; ^^CNXNiftyIndex;*Inceptiondate:14-Nov-2006.AllreturnsareforRegularPlan-GrowthOption. Since inception returns have been calculated from the date of allotment till 30 June 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

DSP BlackRock India T.I.G.E.R. Fund (DSPBRITF) (The Infrastructure Growth and Economic Reforms Fund) - RP - Growth


Total Amount Invested (Rs’000) 133.00 -- -- 120.00 96.00 60.00 36.00 12.00

Scheme Market Value (Rs’000) 300.82 -- -- 226.85 159.03 91.54 52.95 12.64

Benchmark^ Market Value (Rs’000) 278.03 -- -- 217.44 153.96 83.56 46.37 12.14

Standard Benchmark^^ Market Value (Rs’000) 276.41 -- -- 217.00 153.41 83.20 46.03 12.14

Scheme Return Yield (%) 13.98 -- -- 12.24 12.32 16.94 26.82 10.12

Benchmark^ Return Yield (%) 12.67 -- -- 11.44 11.54 13.23 17.21 2.21

Standard Benchmark^^ Return Yield(%) 12.57 -- -- 11.41 11.45 13.05 16.68 2.24

^S&P BSE 100; ^^CNXNiftyIndex;*Inceptiondate:11-Jun-2004.AllreturnsareforRegularPlan-GrowthOption. Since inception returns have been calculated from the date of allotment till 30 June 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

DSPBlackRockMutualFundoffersflexibleandconvenientSystematicInvestmentPlan(SIP)facility.ToillustratetheadvantagesofSIPinvestments,thisishowyour investments would have grown if you had invested say `1,000/-systematicallyonthefirstBusinessDayofeverymonthoveraperiodoftime.

DSP BlackRock Top 100 Equity Fund (DSPBRTEF) - RP - Growth


Total Amount Invested (Rs’000) 148.00 -- 144.00 120.00 96.00 60.00 36.00 12.00

Scheme Market Value (Rs’000) 494.77 -- 433.34 250.68 165.32 85.53 47.11 12.16

Benchmark^ Market Value (Rs’000) 379.57 -- 341.86 217.44 153.96 83.56 46.37 12.14

Standard Benchmark^^ Market Value (Rs’000) 369.83 -- 335.92 217.00 153.41 83.20 46.03 12.14

Scheme Return Yield (%) 18.17 -- 17.14 14.11 13.25 14.18 18.32 2.51

Benchmark^ Return Yield (%) 14.32 -- 13.58 11.44 11.54 13.23 17.21 2.21

Standard Benchmark^^ Return Yield(%) 13.94 -- 13.32 11.41 11.45 13.05 16.68 2.24

^S&P BSE 100; ^^CNXNiftyIndex;*Inceptiondate:10-Mar-2003.AllreturnsareforRegularPlan-GrowthOption. Since inception returns have been calculated from the date of allotment till 30 June 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

DSP BlackRock Tax Saver Fund (DSPBRTSF) - RP - Growth









^CNX 500 Index; ^^CNXNiftyIndex;*Inceptiondate:18-Jan-2007.AllreturnsareforRegularPlan-GrowthOption. Since inception returns have been calculated from the date of allotment till 30 June 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

RP-RegularPlan

39

SIP Investment Performance of all Equity oriented schemes (as on July 31, 2015)

DSP BlackRock Natural Resources and New Energy Fund (DSPBRNRNEF) - RP - Growth


Total Amount Invested (Rs’000) 87.00 -- -- -- -- 60.00 36.00 12.00

Scheme Market Value (Rs’000) 132.43 -- -- -- -- 79.71 48.1 12.12

Benchmark^ Market Value (Rs’000) 95.28 -- -- -- -- 61.63 35.87 10.95

Standard Benchmark^^ Market Value (Rs’000) 138.39 -- -- -- -- 83.19 46.01 12.13

Scheme Return Yield (%) 11.39 -- -- -- -- 11.33 19.83 1.91

Benchmark^ Return Yield (%) 2.48 -- -- -- -- 1.06 (0.23) (15.86)

Standard Benchmark^^ Return Yield(%) 12.58 -- -- -- -- 13.06 16.66 2.03

^CompositeBenchmark=30%S&PBSEMetals+35%S&PBSEOil&Gas+35%MSCIWorldEnergyIndex-Net&Expressed in INR; Normalised; ^^CNXNiftyIndex;*Inceptiondate:25-Apr-2008.AllreturnsareforRegularPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateofallotmenttill30June2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

DSP BlackRock Balanced Fund (DSPBRBaLF) - RP - Growth



Scheme Market Value (Rs’000) 931.99 798.77 400.11 254.90 173.65 90.63 50.55 12.96

Benchmark^ Market Value (Rs’000) -- -- 297.27 207.63 148.33 80.66 44.49 12.31



Benchmark^ Return Yield (%) -- -- 11.46 10.58 10.63 11.80 14.28 4.78


^Crisil Balanced Fund Index; ^^CNXNiftyIndex;*Inceptiondate:27-May-1999.AllreturnsareforRegularPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateofallotmenttill30June2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

DSP BlackRock Technology.com Fund (DSPBRTF) - RP - Growth



Scheme Market Value (Rs’000) 803.80 792.78 394.61 236.57 166.37 88.32 48.78 12.16

Benchmark^ Market Value (Rs’000) 553.06 547.54 328.56 215.38 162.37 87.69 47.53 12.04





^S&P BSE Teck; ^^CNXNiftyIndex;*Inceptiondate:16-May-2000.AllreturnsareforRegularPlan-GrowthOption. Since inception returns have been calculated from the date of allotment till 30 June 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

The returns are calculated by XIRR approach assuming investment of ` 1000/-onthe1stworkingdayofeverymonth.XIRRhelpsincalculatingreturnoninvestmentsgivenaninitialandfinalvalueandaseriesofcashinflowsandoutflowswiththecorrectallowanceforthetimeimpactofthetransactions.Loadisnottakenintoconsiderationforcomputationofperformance.

DSPBRBalFisco-managedbyVinitSambre&DhawalDalal.SIPperformancesforalltheopenendedSchemesmanagedbyVinitSambre(exceptDSPBRMIPF)areshown.Sincetheorientation&featureofDSPBRBalF is different from all other schemes managed by Dhawal Dalal & DSPBRMIPF managed by Vinit Sambre, hence the SIP performances of other schemes managed by Dhawal Dalal and DSPBRMIPF are notshown.Similarly,DSPBRNRNEFisco-managedbyRohitSinghania&JayKothari.SIPperformancesareshownforallSchemesmanagedbyRohitSinghania.Sincetheorientation&featureofDSPBRNRNEFis different from all other FOF schemes managed by Jay Kothari, the SIP performances of other FOF schemes managed by Jay Kothari are not shown. For performance of all schemes in SEBI prescribed format please refer page 31 - 37. Disclaimer: The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeingorpromisingorforecastinganyreturns.SIPdoesnotassureaprofitorguaranteeprotectionagainstalossinadecliningmarket.

DSP BlackRock Focus 25 Fund (DSPBRF25F) - RP - Growth


Total Amount Invested (Rs’000) 61.00 -- -- -- -- 60.00 36.00 12.00

Scheme Market Value (Rs’000) 97.56 -- -- -- -- 95.79 54.05 13.13

Benchmark^ Market Value (Rs’000) 86.90 -- -- -- -- 85.27 47.54 12.32

Standard Benchmark^^ Market Value (Rs’000) 84.84 -- -- -- -- 83.20 46.03 12.14

Scheme Return Yield (%) 18.55 -- -- -- -- 18.81 28.34 18.08

Benchmark^ Return Yield (%) 13.91 -- -- -- -- 14.05 18.97 5.00

Standard Benchmark^^ Return Yield(%) 12.95 -- -- -- -- 13.05 16.68 2.24

^S&P BSE 200; ^^CNXNiftyIndex;*Inceptiondate:10-Jun-2010.AllreturnsareforRegularPlan-GrowthOption. Since inception returns have been calculated from the date of allotment till 30 June 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

DSP BlackRock Micro Cap Fund (DSPBRMCF) - RP - Growth









^S&P BSE SMALL CAP; ^^CNXNiftyIndex;*Inceptiondate:14-Jun-2007.AllreturnsareforRegularPlan-GrowthOption.Since inceptionreturnshavebeencalculated fromthedateofallotmenttill30June2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

RP-RegularPlan

40

Dividend history

DSPBRMIPF# (Regular Plan)

Record DateDividend per Unit (`)

NAV (`)Individuals/hUF Others Face Value

Monthly Dividend Option (during the last 3 months)

28-Jul-1526-Jun-15 27-May-15

0.060000 0.060000 0.060000

0.055589 0.055589 0.055589

1010 10

12.1822 12.105112.1411

Quarterly Dividend (during the last 3 quarters)

26-Jun-15 27-Mar-15 26-Dec-14

0.1800000.1800000.180000

0.166766 0.166926 0.166926

10 1010

13.1839 13.5015 13.3359

DSPBRMIPF# (Direct Plan)


28-Jul-1526-Jun-15 27-May-15

0.0600000.0600000.060000

0.055589 0.055589 0.055589

10 10 10

12.5899 12.530812.5598


26-Jun-1527-Mar-1526-Dec-14

0.180000 0.1800000.180000

0.166766 0.166926 0.166926

10 1010

13.3953 13.6946 13.4978

DSPBRIOF (Regular Plan)




28-Jul-1526-Jun-15 27-May-15

0.074321 0.0265070.034669

0.068857 0.0245580.032120

1010 10

10.4294 10.366310.3615

Dividend Option (during the last 3 years)

27-Mar-1526-Sep-14 27-Jun-1428-Mar-1427-Dec-1327-Sep-1328-May-1328-Mar-13

0.4257920.130372 0.2420420.1691800.2131310.0593030.2084750.164853

0.3948650.124860 0.2318080.1620270.2041200.0567950.1776250.140458

1010 101010101010

11.640511.1775 11.300911.154111.192410.983511.132511.0715


26-Jun-1527-Mar-15 26-Dec-14

0.133330 0.172 610 0.201645

0.123528 0.160073 0.186999

10 1010

10.5380 10.5551 10.5708

DSPBRIOF (Direct Plan)


28-Jul-1526-Jun-15 27-May-15

0.077355 0.0292520.037630

0.071667 0.0271010.034863

10 10 10

10.4476 10.383610.3788


27-Mar-1526-Sep-14 27-Jun-1428-Mar-1427-Dec-1327-Sep-13

0.4464790.140113 0.2518610.1786090.2230270.073875

0.4140490.134189 0.2412120.1710580.2135980.070752

1010 101010 10

11.689811.2090 11.330711.182111.218510.9948


26-Jun-15 27-Mar-15 26-Dec-14

0.141925 0.181321 0.210355

0.131491 0.168151 0.195076

10 1010

10.5728 10.5882 10.6021

DSPBRGF (Regular Plan)




27-Mar-1527-Feb-1528-Jan-15

0.852382 0.026857 0.219211

0.790469 0.024906 0.148226

1010 10

12.8043 10.5298 10.7046


26-Sep-14 28-May-1328-Mar-13 28-Dec-12 28-Sep-1228-Jun-1228-Mar-12

0.061017 0.5720790.268565 0.192743 0.2184660.113 1090.232900

0.058437 0.4874240.228823 0.165201 0.1872480.0969460.199600

10 10 10 101010 10

11.7263 12.327811.9790 11.8515 11.803511.645311.7468


27-Mar-15 0.852382 0.790469 10 12.8043

DSPBRGF (Direct Plan)


27-Mar-1527-Feb-1528-Jan-15

0.868641 0.028381 0.219211

0.805548 0.026320 0.203289

10 10 10

12.8976 10.5524 10.8067


26-Sep-14 28-May-13

0.091097 0.546677

0.087245 0.465781

10 10

11.8351 12.3690


27-Mar-15 0.868641 0.805548 10 12.8976

DSPBRTBF (Regular Plan)




28-Jul-15 26-Jun-15 27-May-15

0.041747 0.0405190.041025

0.038678 0.0375400.038009

1010 10

10.4900 10.481210.4770


27-Mar-15 26-Sep-14 27-Jun-1428-Mar-1427-Dec-13 27-Sep-1328-May-1328-Mar-13

0.311105 0.152893 0.1597510.1496980.1754140.3566730.1265740.164590

0.288508 0.146429 0.1529960.1433690.1679980.3415930.1078440.140234

10 10 10 101010 10 10

11.9858 11.7252 11.709011.659311.668911.893611.550511.5926


27-Mar-15 0.311105 0.288508 10 11.9858

DSPBRTBF (Direct Plan)


28-Jul-1526-Jun-15 27-May-15

0.043264 0.0420360.042469

0.040083 0.0389450.039347

10 10 10

10.5080 10.499010.4945


27-Mar-15 26-Sep-14 27-Jun-1428-Mar-1427-Dec-13 27-Sep-1328-May-13

0.321848 0.158114 0.1648160.1548410.1807910.3640760.119216

0.298471 0.151429 0.1578480.1482950.1731470.3486830.101575

10 10 1010101010

12.0760 11.7465 11.729011.678311.687311.885211.5526


27-Mar-15 0.321848 0.298471 10 12.0160DSPBRBPDF (Regular Plan)

Record Date

Dividend per Unit (`)

NAV (`)Individuals/hUF Others

Face Value


28-Jul-1526-Jun-15 27-May-15

0.065871 0.0246290.021812

0.061028 0.0228180.020209

101010

10.2512 10.194110.1902


27-Mar-1526-Sep-14 27-Jun-1428-Mar-14

0.4263730.142996 0.2252870.168011

0.3954030.136951 0.2157620.160908

1010 1010

10.747410.3435 10.449110.3756


26-Jun-15 27-Mar-15 26-Dec-14

0.118524 0.187345 0.233510

0.109810 0.173738 0.216549

101010

10.3241 10.4181 10.4817

DSPBRBPDF (Direct Plan)


28-Jul-1526-Jun-15 27-May-15

0.080460 0.0266520.039436

0.074545 0.0246920.036536

101010

10.2714 10.196910.2146


27-Mar-1526-Sep-14 27-Jun-1428-Mar-14

0.4400910.150010 0.2324570.176271

0.4081250.143667 0.2226290.168819

1010 1010

10.766310.3525 10.458310.3862


26-Jun-15 27-Mar-15 26-Dec-14

0.125096 0.193878 0.240261

0.115899 0.179796 0.222810

101010

10.3332 10.4271 10.4910

DSPBRBF (Regular Plan)



Monthly Dividend Option (during the last quarter)

27-May-1528-Apr-15 27-Feb-15

0.012929 0.0152400.029906

0.011978 0.0141190.027733

1010 10

10.8827 10.892810.9046


27-Mar-15 26-Sep-14 27-Jun-1428-Mar-1427-Dec-1328-May-1328-Mar-13

0.667505 0.159517 0.2914480.1380090.3621150.3811230.229410

0.619020 0.152773 0.2791250.1321740.3085300.3247260.195462

10 10101010 1010

11.4652 10.7301 10.906310.688811.414111.435811.2569


27-Mar-15 0.667505 0.619020 10 11.4642

DSPBRBF (Direct Plan)


27-May-1528-Apr-15 27-Feb-15

0.016901 0.0232570.034043

0.0156580.0215470.031570

10 10 10

10.9733 10.988710.9941


27-Mar-15 26-Sep-14 27-Jun-1428-Mar-1427-Dec-1328-May-13

0.698209 0.172687 0.3053960.1509450.1235140.374028

0.647494 0.165385 0.2924850.1445630.1182920.318681

10 10 10101010

11.5819 10.8261 11.001110.779510.756711.4358


27-Mar-15 0.698209 0.647494 10 11.5879

DSPBRSBF (Institutional Plan)



Face Value


06-Jul-1505-May-1506-Apr-1505-Mar-15

1.464248 0.514758 4.016155 4.304156

1.356596 0.476913 3.720886 3.991524

1000 100010001000

1034.6165 1035.7092 1043.7525 1047.8941


26-Sep-14 27-Jun-1428-Mar-1427-Dec-13 28-May-1328-Mar-13 28-Dec-1228-Sep-1228-Jun-1228-Mar-12

14.656536 29.92261815.86853710.25458835.88446319.884288 16.48457821.11157819.86773116.19935

14.036868 28.65751215.1976279.82103130.57437116.941861 14.12903518.09475617.02865313.88448

10000 1000100010001000 1000100010001000 1000

1044.2361 1064.34081044.17851037.77251080.83491061.8087 1054.23371055.15511050.44321043.3491

DSPBRSBF (Direct Plan)


06-Jul-1505-May-15 06-Apr-1505-Mar-15

1.904902 0.725010 4.277181 4.556031

1.764853 0.671707 3.962722 4.225104

1000 100010001000

1049.5962 1050.3939 1058.5427 1062.6724


26-Sep-14 27-Jun-1428-Mar-1427-Dec-13 28-May-13

15.602883 31.18620716.92452811.10742322.657440

14.943205 29.86767716.20897110.63780919.304650

1000 1000100010001000

1067.6227 1088.11661057.51911060.75821080.0938

Investors may note that the difference in dividend per unit for 'Individuals' and 'Others', in the case of debt oriented Schemes, is due to differential rate of applicable Dividend Distribution Tax (DDT). Pursuant to payments of dividend, the NAV of the Schemes would fall to the extent of payout, and statutory levy, if any. # Monthly income is not assured and is subject to availability of distributable surplus. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

For complete list of dividends, visit www.dspblackrock.com.

41

Dividend history

DSPBRSTF (Regular Plan)




28-Jul-1526-Jun-15 27-May-15

0.062259 0.0426140.042614

0.057682 0.0394810.039481

10 10 10

11.2247 11.182011.1820


27-Mar-15 26-Sep-14 27-Jun-1428-Mar-1427-Dec-13 27-Sep-13 28-May-1328-Mar-13

0.413162 0.153984 0.2103250.1723750.1987920.0413010.2192490.164240

0.383152 0.147474 0.2014330.1650870.1903870.0395550.1868050.139936

10 1010101010 1010

11.9120 11.4974 11.543511.441911.455311.242911.420711.3458


27-Mar-15 0.413162 0.383152 10 11.9120

DSPBRSTF (Direct Plan)


28-Jul-1527-May-15 27-May-15

0.066665 0.0470190.047019

0.061764 0.0435630.043563

10 10 10

11.2543 11.210111.2101


27-Mar-15 26-Sep-14 27-Jun-1428-Mar-1427-Dec-1327-Sep-13

0.377885 0.069277 0.2380670.0314050.2088450.054861

0.350437 0.066348 0.2280020.0300770.2000150.052541

10 10 10 10 10 10

11.7032 11.4532 11.664211.275211.480611.2435


27-Mar-15 0.377885 0.350437 10 11.7032

Investors may note that the difference in dividend per unit for 'Individuals' and 'Others', in the case of debt oriented Schemes, is due to differential rate of applicable Dividend Distribution Tax (DDT). Pursuant to payments of dividend, the NAV of the Schemes would fall to the extent of payout, and statutory levy, if any. # Monthly income is not assured and is subject to availability of distributable surplus. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

For complete list of dividends, visit www.dspblackrock.com.

DSPBRBalF (Regular Plan)

Record Date Dividend per Unit (`) Face Value NAV (`)

17-Jul-1517-Apr-1520-Feb-1514-Mar-14 14-Dec-12 16-Mar-12 11-Mar-115-Mar-10 12-Dec-08

0.750.803.552.20 0.50 1.00 2.003.00 1.50

10101010 10 10 10 10 10

25.83526.86229.48322.2080 22.3960 21.5330 22.77123.445 15.861

DSPBRBalF (Direct Plan)17-Jul-15 0.75 10 33.307

DSPBREF (Regular Plan)

Record Date Dividend per Unit (`) Face Value NAV (`)13-Mar-1521-Feb-1426-Apr-1321-Dec-12 16-Mar-124-Feb-1119-Mar-10 20-Nov-09

6.804.254.25 0.50 1.10 3.506.50 3.00

101010 10 10 10 10 10

68.70143.080046.497050.2250 46.8930 49.797052.112 53.082

DSPBREF (Direct Plan)13-Mar-15 8.50 10 84.586

DSPBRTEF (Regular Plan)

Record Date Dividend per Unit (`) Face Value NAV (`)30-Jan-15 28-Feb-1412-Apr-1318-Jan-1306-Mar-12 03-Sep-10 24-Jul-09 23-May-08

2.75 1.901.70 0.501.10 1.25 2.00 5.00

10 1010 10 10 10 10 10

26.949 19.482019.854022.736020.9430 21.991 19.339 23.8800

DSPBRTEF (Direct Plan)30-Jan-15 28-Feb-1412-Apr-1318-Jan-13

2.90 0.901.700.50

10 101010

28.779 19.610019.885022.7430

DSPBROF (Regular Plan)

Record Date Dividend per Unit (`) Face Value NAV (`)16-Jan-15 21-Mar-1315-Jun-1211-Feb-1126-Feb-1028-Mar-08

4.50 4.00 2.50 2.00 3.00 4.00

10 10 10 10 10 10

29.123 24.277023.9750 28.29727.829 29.4860

DSPBRITF (Regular Plan)

Record Date Dividend per Unit (`) Face Value NAV (`)27-Feb-1514-Mar-14 10-May-1304-Jan-1309-Mar-1209-Sep-10 19-Jun-0922-Feb-08

2.101.30 1.000.501.00 1.25 2.00 5.00

1010 1010 10 10 10 10

21.07013.3790 15.048017.084015.8060 21.035017.299026.9650

DSPBRTSF (Regular Plan)

Record Date Dividend per Unit (`) Face Value NAV (`)

15-May-1513-Feb-1514-Feb-1415-Feb-134-Mar-11

0.451.901.251.500.50

10101010 10

15.29718.12312.234011.223012.0960

DSPBRTF (Regular Plan)

Record Date Dividend per Unit (`) Face Value NAV (`)6-Feb-1514-Mar-14 04-Jan-08

3.403.00 10.00

1010 10

33.66631.229 37.138

DSPBRwGF (Regular Plan)

Record DateDividend per Unit (`) Face

ValueNAV (`)

Individuals/hUF Others19-Nov-1010-Jul-09

0.8784211.313917

0.8186991.222893

10 10

16.218411.8014

DSPBRSMF (Regular Plan)

Record Date Dividend per Unit (`) Face Value NAV (`)27-Mar-15 07-Mar-1425-Jan-1323-Mar-12

2.30 1.401.501.00

10 101010

23.189 14.05015.313014.1400

DSPBRNRNEF (Regular Plan)

Record Date Dividend per Unit (`) Face Value NAV (`)09-Jan-15 28-Dec-1223-Mar-1225-Mar-11

1.55 0.500.501.50

10 101010

15.079 11.374011.788014.1130

DSPBRNRNEF (Direct Plan)09-Jan-15 1.57 10 15.223

DSPBRF25F (Regular Plan)

Record Date Dividend per Unit (`) Face Value NAV (`)20-Mar-15 1.80 10 17.993

DSPBRwEF (Regular Plan)


ValueNAV (`)

Individuals/hUF Others20-Mar-15 0.871037 0.807769 10 12.1164

DSPBRwEF (Direct Plan)20-Mar-15 0.943623 0.875083 10 12.8706

DSPBRwAF (Regular Plan)


ValueNAV (`)


DSPBRwAF (Direct Plan)20-Mar-15 0.616984 0.572170 10 14.7802

DSPBRUSFEF (Regular Plan)


ValueNAV (`)


DSPBRDAAF (Regular Plan)

Record Date



Face Value


28-Jul-1526-Jun-15 27-May-15

0.043336 0.065000 0.065000

0.040150 0.060221 0.060221

101010

10.1234 10.120210.2332

DSPBRDAAF (Direct Plan)


28-Jul-1527-May-15 27-May-15

0.043336 0.065000 0.065000

0.040150 0.060221 0.060221

101010

10.2674 10.3613 10.3613

DSPBRMMF (Regular Plan)

Record Date



Face Value


28-Jul-1527-May-15 27-May-15

4.956399 4.4877214.487721

4.592004 4.1577844.157784

10001000 1000

1034.0378 1032.10091032.1009


27-Mar-1518-Sep-14

30.963979 129.739645

28.714916 124.254347

1000 1000

1052.6581 1176.4884

DSPBRMMF (Direct Plan)


28-Jul-1527-May-15 27-May-15

5.257800 4.8070354.807035

4.871246 4.4536214.453621

10001000 1000

1036.1344 1034.12661034.1266


27-Mar-1518-Sep-14

33.087930 137.799883

30.684594 131.973804

1000 1000

1055.5842 1186.8317

DSPBRCM10YGF (Regular Plan)

Record Date



Face Value


27-May-1528-Apr-1527-Feb-15

0.004117 0.038280 0.024389

0.003814 0.035466 0.022618

10 1010

10.2362 10.3052 10.2767


27-Mar-15 0.434067 0.402538 10 10.8980


27-Mar-15 0.248681 0.230618 10 10.6426

DSPBRCM10YGF (Direct Plan)


27-May-1528-Apr-1527-Feb-15

0.005489 0.040808 0.025696

0.005086 0.037808 0.023829

10 1010

10.2362 10.3065 10.2758


27-Mar-15 0.443430 0.411222 10 10.9109


27-Mar-15 0.199685 0.185181 10 10.5751

DSPBRUSTF (Regular Plan)

Record Date



Face Value


28-Jul-15 0.052911 0.049021 10 10.1548

26-Jun-15 0.049271 0.045649 10 10.1421

DSPBRUSTF (Direct Plan)


28-Jul-15 0.062121 0.057553 10 11.2279

26-Jun-15 0.056543 0.052386 10 11.2113

For more information on DSP BlackRock Mutual Fund Visit www.dspblackrock.com or call Toll Free No.: 1800-200-4499

*Anynewoffices/centresopenedwillbeincludedautomatically.Forupdatedlist,pleasevisitwww.dspblackrock.comandwww.camsonline.com.

The list of POS of MFUI is published on the website of the Fund at www.dspblackrock.com and MFUI at www.mfuindia.com and will be updated from time to time.

• Agra• Ahmedabad• Ahmednagar • Ajmer• Akola• Aligarh• Allahabad• Alleppey• Alwar• Amaravati• Ambala• Amritsar• Anand• Anantapur • Ankleshwar-Bharuch• Asansol• Aurangabad• Bagalkot • Balasore• Bareilly• Basti• Belgaum• Berhampur• Bhagalpur• Bharuch • Bhatinda• Bhavnagar• Bhilai• Bhilwara• Bhiwani • Bhubaneswar• Bhuj-Kutch

• Bhusawal• Bikaner• Bilaspur• Bokaro • Burdwan• Calicut• Chandigarh• Chennai• Chhindwara• Cochin• Cuttack• Darbhanga• Dehradun• Deoghar• Devengere• Dhanbad• Dhule• Durgapur• Eluru• Erode• Faizabad• Faridabad• Firozabad• Gandhidham• Gaziabad• Goa• Gondal• Gorakhpur• Gulbarga• Guntur• Gurgaon• Guwahati

• Gwalior• Haldia• Haldwani • Hazaribagh• Himmatnagar • Hisar• Hoshiarpur• Hosur• Hubli• Indore• Jabalpur• Jaipur• Jalandhar• Jalgaon• Jalna• Jammu• Jamnagar• Jamshedpur• Jaunpur • Jhansi• Jodhpur• Junagadh• Kadapa• Kakinada• Kalyani• Kanchipuram• Kannur• Karimnagar • Karnal • Karur • Katni• Khammam

• Kharagpur• Kolhapur• Kolkata• Kollam• Kota• Kottayam• Kumbakonam• Kurnool • Lucknow• Ludhiana• Madurai• Malda• Manipal• Mapusa• Margao• Mathura• Meerut • Mehsana• Moga• Moradabad• Mumbai• Muzaffarpur• Mysore• Nagpur• Namakkal• Nandyal• Nasik• Navasari• Nellore• New Delhi • Noida• Ongole

• Palakkad• Palanpur• Panipat• Pathankot• Patiala• Patna• Pondicherry• Pune• Rae Bareli • Raipur• Rajahmundry• Rajkot• Ranchi• Ratlam• Ratnagiri• Rohtak• Roorkee• Ropar • Rourkela• Sagar• Saharanpur• Salem• Sambalpur• Sangli• Satara• Secunderabad• Shahjahanpur• Shimla • Shimoga• Siliguri• Sirsa • Sitapur

• Solan • Solapur• Sonepat• Sri Ganganagar • Srikakulam• Sultanpur • Surat• Surendranagar• Tanjore• Thane • Thiruppur• Thiruvalla• Tinsukia• Tirunelveli• Tirupathi• Trichy• Trivandrum• Tuticorin• Udaipur• Ujjain • Unjha • Vadodara • Valsad• Vapi• Varanasi• Vasco• Vellore• Vijayawada• Yamuna Nagar

CAMS Investor Service Centres and Transaction PointsVisit www.camsonline.com for addresses

Point of Services (“POS”) of MF Utilities India Pvt. Ltd. (“MFUI”)

List of Official Points of Acceptance of Transactions*DSP BlackRock Investment Managers Private Limited - Investor Service Centres

Agra: ShantaTower,OfficeNo.12,1stFloor,BlockNo.E-14,16,SanjayPlace,Agra–282003.Ahmedabad: 3rdEYEONE,OfficeNo.301,3rdFloor,OppositeHavmorRestaurant,C.GRoad,Panchavati,Ahmedabad-380006.Bangalore: HMGenevaHouse,OfficeNo.104A-107,1stFloor,PlotNo.14,CunninghamRoad,Bangalore-560052.Bhopal: StarArcade,OfficeNo.302,3rdFloor,PlotNo.165Aand166,Zone-1,M.PNagar,Bhopal-462011.Bhubneshwar: LotusHouse,OfficeNo.3,2ndFloor,108/A,KharvelNagar,UnitIII,MasterCanteenSquare,Bhubaneshwar-751001.Chandigarh: SCO2471–72,1stFloor,Sector22–C,Chandigarh-160022.Chennai: AlameluTerraces,OfficeNo.163,3rdFloor,AnnaSalai,Chennai–600002.Coimbatore: TristarTowers,657,EastWing,1stFloor,AvinashiRoad,Coimbatore-641037.Dehradun: NCRPlaza,Groundfloor,OfficeNo.G12/A,(No.24-A)(NewNo.112/28,RavindranathTagoreMarg),NewCanttRoad,Hathibarhkala,Dehradun–248001.Goa: MathiasPlaza,4thFloor,18thJuneRoad,Panjim,Goa-403001.Guwahati: MayurGardens,OfficeNo.5,UpperGroundfloor,G.SRoad,NearABCBusStop,Guwahati-781005.hubli: SonaChambers,SouthWing,OfficeNo.3,GroundFloor,ClubRoad,Hubli-580020.hyderabad: MahavirChambers,OfficeNo.103,1stFloor,Himayatnagar,LibertyJunction,Hyderabad-500029.Indore: StarlitTower,OfficeNo.206,2ndFloor,29/1,Y.NRoad,Opp.S.BIndoreHeadOffice,Indore-452001.Jaipur: GreenHouse,OfficeNo.201to204,2ndFloor,O-15,AshokMarg,AboveAxisBank,C-Scheme,Jaipur-302001.Jamshedpur: ShantiNiketan,2ndFloor,MainRoad,P.OBistupur,Jamshedpur-831001.Jodhpur: KeshavBhawan,GroundFloor,OfficeNo.2,ChopasniRoad,NearHDFCBank,Jodhpur-342003.Kanpur: KANChambers,OfficeNo.701-703,7thFloor,14/113,CivilLines,Kanpur-208001.Kochi: AmrithaaTowers,OfficeNo.40/1045H1,6thFloor,Opp.MaharajasCollegeGround,M.GRoad,Kochi-682011.Kolkata: ShagunMallBuilding,10-A,4thFloor,ShakespeareSarani,Kolkata-700071.Lucknow: SpeedMotorsBuilding,3rdFloor,3ShanazafRoad,Hazratganj,Lucknow-226001.Ludhiana: SCO-29,1stFloor,FerozeGandhiMarket,PakhowalRoad,Ludhiana-141001.Mangalore: MaximusCommercialComplex,OfficeNo.UGI-5,UpperGroundFloor,LightHouseHillRoad,Opp.KMC,Mangalore-575001.Mumbai - Andheri: NATRAJ,OfficeNo.302,3rdFloor,PlotNo–194,MVRoadJunction,WesternExpressHighway,Andheri(East),Mumbai–400069.Mumbai (Nariman Point): MafatlalCentre,10thFloor,NarimanPoint,Mumbai-400021.Nagpur: Milestone,OfficeNo.108&109,1stFloor,RamdasPeth,WardhaRoad,Nagpur-440010.Nashik: Bedmutha’sNavkarHeights,OfficeNo.1&2,3rdFloor,NewPanditColony,SharanpurRoad,Nasik-422005.New Delhi (UGF): DrGopalDasBhavan,UpperGroundFloor,28BarakhambaRoad,NewDelhi-110001.Patna: OfficeNoL309&L310,ThirdFloor,DumraonPlace,FrazerRoad,Patna800001.Pune: CityMall,1stFloor,OfficeNo.109(A,B,C),UniversitySquare,UniversityRoad,Pune-411007.Raipur: OfficeNoSf-18,2ndFloor,RahejaTowers,NearHotelCelebration,Fafadih,Raipur–492001.Rajkot: HemArcade,OfficeNo.303,3rdFloor,OppositeSwamiVivekanandStatue,Dr.YagnikRoad,Rajkot-360001.Ranchi: ShrilokComplex,OfficeNo.106&109,1stFloor,PlotNo-1999&2000,4,HazaribaghRoad,Ranchi-834001Surat: InternationalTradeCentre(ITC),OfficeNo.G-28,GroundFloor,MajuraGateCrossing,RingRoad,Surat-395002.Trivandrum: MenamthottamChambers,TC-2442(7),2ndFloor,PattomPO,Thiruvananthapuram–695004Vadodara: NamanHouse,GroundFloor,1/2-B,HaribhaktiColony,Opp.RaceCoursePostOffice,RaceCourse,NearBirdCircle,Vadodara-390007.Vapi: BhikajiRegency,OfficeNo.3,1stFloor,OppositeDCBBank,Vapi–SilvasaRoad,Vapi–396195.Varanasi: ArihantComplex,7thFloor,D-64/127,C-H,Sigra,Varanasi-221010.Vizag: Officeno304B,VRCcomplex,47-15-14/15,RajajeeNagar,DwarakaNagar,Visakhapatnam–530016.

43

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Perio

d >

7 ca

lend

ar d

ays:

Nil

DSP

Blac

kRoc

k Bo

nd F

und

(DSP

BRBF

) R

P/DP

üü

üü

ü

1000

Not A

pplic

able

Hold

ing

Perio

d <=

12 m

onth

s: 1

%Ho

ldin

g Pe

riod

>12

mon

ths:

Nil

DSP

Blac

kRoc

k Go

vern

men

t Sec

uriti

es F

und

(DSP

BRGF

) R

P/DP

üü

üü

ü

1000

Not A

pplic

able

Hold

ing

Perio

d <=

7 c

alen

dar d

ays:

0.1

0%Ho

ldin

g Pe

riod

> 7

cale

ndar

day

s: N

il

DSP

Blac

kRoc

k Co

nsta

nt M

atur

ity 1

0Y G

-Sec

Fun

d (D

SPBR

CM10

YGF)

RP/

DPü

üü

üü

üü

1000

Not A

pplic

able

Hold

ing

Perio

d<=7

cal

enda

r day

s: 0

.10%

Hold

ing

Perio

d >7

cal

enda

r day

s: N

il

DSP

Blac

kRoc

k MI

P Fu

nd# (

DSPB

RMIP

F)~

RP/

DPü

üü

üü

10

00No

t App

licab

le

Hold

ing

Perio

d <

12 m

onth

s: 2

%Ho

ldin

g Pe

riod

>= 1

2 m

onth

s and

< 2

4 m

onth

s: 1

%Ho

ldin

g Pe

riod

>= 2

4 m

onth

s and

< 3

6 m

onth

s: 0

.50%

Hold

ing

Perio

d >=

36

mon

ths:

Nil

DSP

Blac

kRoc

k Eq

uity

Fun

d (D

SPBR

EF),

DSP

Blac

kRoc

k To

p 10

0 Eq

uity

Fun

d (D

SPBR

TEF)

, DSP

Bla

ckRo

ck O

ppor

tuni

ties F

und

(DSP

BROF

), DS

P Bl

ackR

ock

Tech

nolo

gy.c

om F

und

(DSP

BRTF

), DS

P Bl

ackR

ock

Natu

ral R

esou

rces

and

New

Ener

gy

Fund

(DSP

BRNR

NEF)

RP/

DPü

üü

10

00No

t App

licab

leHo

ldin

g Pe

riod

< 12

mon

ths:

1%

Hold

ing

Perio

d >=

12

mon

ths:

Nil

DSP

Blac

kRoc

k In

dia

T.I.G

.E.R

. Fun

d (T

he In

frast

ruct

ure

Grow

th a

nd E

cono

mic

Re

form

s Fun

d) (D

SPBR

ITF)

~ , D

SP B

lack

Rock

Mic

ro C

ap F

und

(DSP

BRMC

F)~ ,

DS

P Bl

ackR

ock

wor

ld G

old

Fund

(DSP

BRw

GF)~

, DSP

Bla

ckRo

ck w

orld

Ene

rgy

Fund

(DSP

BRw

EF)~

, DSP

Bla

ckRo

ck w

orld

Min

ing

Fund

(DSP

BRw

MF)~

, DSP

Bl

ackR

ock

Focu

s 25

Fund

(DSP

BRF2

5F)~

, DSP

Bla

ckRo

ck w

orld

Agr

icul

ture

Fun

d (D

SPBR

wAF

), DS

P Bl

ackR

ock

US F

lexi

ble*

Equ

ity F

und

(DSP

BRUS

FEF)

~ &

DSP

Blac

kRoc

k Gl

obal

Allo

catio

n Fu

nd (D

SPBR

GAF)

RP/

DPü

üü

10

00No

t App

licab

leHo

ldin

g Pe

riod

< 24

mon

ths:

1%

Hold

ing

Perio

d >=

24

mon

ths:

Nil

DSP

Blac

kRoc

k Sm

all a

nd M

id C

ap F

und

(DSP

BRSM

F)~

RP/

DPü

üü

10

00No

t App

licab

leHo

ldin

g Pe

riod

< 18

mon

ths:

1%

Hold

ing

Perio

d >=

18

mon

ths:

Nil

DSP

Blac

kRoc

k Ba

lanc

ed F

und

(DSP

BRBa

lF)

RP/

DPü

üü

üü

1000

Not A

pplic

able

Hold

ing

Perio

d <

12 m

onth

s: 1

%Ho

ldin

g Pe

riod

>= 1

2 m

onth

s: N

ilDS

P Bl

ackR

ock

Tax

Save

r Fun

d (D

SPBR

TSF)

^ R

P/DP

üü

50

0 No

t App

licab

leNo

t App

licab

le

DSP

Blac

kRoc

k Dy

nam

ic A

sset

Allo

catio

n Fu

nd (D

SPBR

DAAF

)~RP

/DP

üü

ü10

00No

t App

licab

leHo

ldin

g Pe

riod

<= 1

yea

r: 1

%Ho

ldin

g Pe

riod

> 1

year

& <

= 2

year

s: 0

.5%

Ho

ldin

g Pe

riod

> 2

year

s: N

ilDS

P Bl

ackR

ock

Ultr

a Sh

ort T

erm

Fun

d (D

SPBR

USTF

)RP

/DP

üü

üü

üü

üü

1000

Not A

pplic

able

Nil

The equity market in India continues to be a positive long term story. But today, a few stocks are significantly outperforming others. Which leads to one big question.

High conviction investors look for higher returns even at the cost of higher risk and believe that building a concentrated portfolio through right stock selection can lead to healthy returns. Consider an equity mutual fund scheme that invests in only a focused selection of quality stocks.

This scheme aims to deliver superior performance through high conviction stock selection. While it invests in a maximum of 25 stocks, it aims to mitigate the concentration risk by buying quality stocks from among the top 200 companies by market capitalization. This focused selection of stocks that are well researched and suitably diversified helps extract potential value for long term investors.

So what do I do with my money?

DSP BLACKROCK FOCUS 25 FUNDOpen Ended Growth Scheme

HOW CAN I EXTRACT MOREWHILE INVESTING IN LESS?

Speak to your investment advisor, or visit dspblackrock.com/focus25 for more.

There is no guarantee of returns/ income generation in the Scheme. Further, there is no assurance of any capital protection/capital guarantee to the investors in the Scheme. Please refer to the Scheme Information Document available on www.dspblackrock.com for complete asset allocation, investment pattern, strategy, risk factors and other details. ^Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

This Scheme is suitable forinvestors who are seeking^

Long-term capital growth with exposure limited to a maximum of 25 stocks from an investment universe of top 200 companies by market capitalization

Investment in equity and equity-related securities to form a concentrated portfolio

RISKOMETER

JULY 31, 2015 - kotaksecurities.com · product labelling: open ended money market mutual fund...

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Transcript of JULY 31, 2015 - kotaksecurities.com · product labelling: open ended money market mutual fund...