KEY INFORMATION MEMORANDUM CUM …KEY INFORMATION MEMORANDUM CUM APPLICATION FORM This Key...

KEY INFORMATION MEMORANDUMCUM APPLICATION FORM

This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the Schemes/Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors’ rights & services, risk factors, penalties & pending litigations, associate transactions etc. investors should, before investment, refer to the relevant Scheme Information Document (SID) and Statement of Additional Information (SAI) available free of cost at any of the Investor Service Centres or distributors or from the website www.dspblackrock.com. The Schemes’ particulars have been prepared in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations 1996, as amended till date, and filed with Securities and Exchange Board of India (SEBI). The Units being offered for public subscription have not been approved or disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of this KIM. This KIM is dated September 30, 2017.

Investment Manager : DSP BlackRock Investment Managers Pvt. Ltd. | Offer of Units at NAV based prices

EQUITY FUNDS:DSP BlackRock Equity Fund (DSPBREF)DSP BlackRock Opportunities Fund (DSPBROF)DSP BlackRock Top 100 Equity Fund (DSPBRTEF)DSP BlackRock Small and Mid Cap Fund (DSPBRSMF)DSP BlackRock Tax Saver Fund (DSPBRTSF)DSP BlackRock Micro Cap Fund (DSPBRMCF)DSP BlackRock Focus 25 Fund (DSPBRF25F)

HYBRID FUNDS: DSP BlackRock Balanced Fund (DSPBRBalF)

INCOME FUNDS:DSP BlackRock Short Term Fund (DSPBRSTF)DSP BlackRock Income Opportunities Fund (DSPBRIOF)DSP BlackRock Money Manager Fund (DSPBRMMF)DSP BlackRock Strategic Bond Fund (DSPBRSBF)

BOOKLET 1

PRODUCT LABELLING: OPEN ENDED GROWTH SCHEMES

SCHEME PRODUCT SUITABILITY RISKOMETER

DSP BlackRock Equity Fund

This Open Ended Growth Scheme is suitable for investors who are seeking*

•Long-term capital growth•Investmentinequityandequity-relatedsecuritiestoformadiversifiedportfolio

DSP BlackRock Opportunities Fund


•Long-term capital growth•Investmentinequityandequity-relatedsecuritiestoformadiversifiedportfolio

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

This Open Ended Equity Growth Scheme is suitable for investors who are seeking*

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

capitalization

DSP BlackRock Micro Cap Fund

This Open Ended Diversifed Equity Growth Scheme is suitable for investors who are seeking*

•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

This Open Ended Equity Growth Scheme is suitable for investors 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

PRODUCT LABELLING: OPEN ENDED EQUITY LINKED SAVING SCHEME


DSP BlackRock Tax Saver Fund

This Open Ended Equity Linked Saving Scheme is suitable for investors who are seeking*

•Long-term capital growth with a three-year lock-in•Investmentinequityandequity-relatedsecuritiestoformadiversifiedportfolio

PRODUCT LABELLING: OPEN ENDED INCOME SCHEMES


DSP BlackRock Short Term Fund

This Open Ended Income Scheme is suitable for investors who are seeking*

•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

PRODUCT LABELLING: OPEN ENDED BALANCED SCHEME


DSP BlackRock Balanced Fund

This Open Ended Balanced Scheme is suitable for investors who are seeking*

•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

*Investorsshouldconsulttheirfinancialadvisorsifindoubtaboutwhethertheproductissuitableforthem.

DSP BlackRockInvestment Managers Pvt. Ltd.Mafatlal Centre, 10th Floor,Nariman PointMumbai - 400 021 Tel: 022-6657 8000Fax: 022-6657 8181

Computer Age Management Services Pvt. Ltd.Unit : DSP BlackRock Mutual Fund, VII Floor, Tower I,Rayala Towers, 158, Anna Salai,Chennai-600002.Tel.:044-30915400Fax: 044-28432253

ASSET MANAGEMENT COMPANY

REGISTRAR

DSP HMK HOLDINGS PVT. LTD.andDSP ADIKO HOLDINGS PVT. LTD.(Collectively)Mafatlal Centre, 11th Floor, Nariman Point, Mumbai-400021.Tel: 022-2272 2731 Fax: 022-2272 2732

DSP BlackRock TrusteeCompany Pvt. Ltd.Mafatlal Centre, 10th Floor,Nariman Point Mumbai - 400 021 Tel: 022-6657 8000Fax: 022-6657 8181

TRUSTEE

SPONSOR

Citibank N.A.Securities and Issuer Services (SFS), First International Financial Centre (FIFC),11thFloor,PlotNos.C54andC55,G Block, Bandra Kurla Complex,BandraEast,Mumbai400051.Tel:022-61756902Fax: 022-26532205

BlackRock Inc.40 East 52nd Street, NewYork,NY10022,USA.

SPONSOR

CUSTODIAN

AUDITORS TO THE MUTUAL FUNDS.R. Batliboi & Co. LLP

12thFloor,TheRuby,29SenapatiBapatMarg,Dadar(West)Mumbai–400028,TelNo:02261922268

Schemes re-opened for continuous sale and repurchase on the below mentioned dates :

w.e.f.January1,2013DirectPlanisintroducedunderallschemeslaunchedpriortoJanuary1,2013.

DSPBREF-Regular :30-04-1997

DSPBRBalF :31-05-1999

DSPBROF - Regular : 18-05-2000

DSPBRSTF :11-09-2002

DSPBRTEF - Regular : 11-03-2003

DSPBRIOF - Regular : 14-05-2003

DSPBRMMF - Regular : 03-08-2006

DSPBRSMF - Regular : 16-11-2006

DSPBRTSF : 22-01-2007

DSPBRSBF-Institutional :09-05-2007

DSPBRMCF - Regular : 15-06-2010

DSPBRF25F : 15-06-2010

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MutualFundunitsinvolveinvestmentrisksincludingthepossiblelossofprincipal.PleasereadtheSIDcarefullyfordetailsonriskfactorsbeforeinvesting.Schemespecificriskfactorsaresummarizedbelow:

Category Scheme DSPBREF DSPBRTEF DSPBROF DSPBRBalF DSPBRSTF DSPBRSMF DSPBRMCF DSPBRF25F DSPBRTSF DSPBRIOF DSPBRMMF DSPBRSBF

Fixed Income Market Liquidity Risk

Fixed Income Credit Risk

Fixed Income Rating Migration Risk

Fixed Income Term Structure of Interest Rates (TSIR) Risk

Fixed Income Re-investment Risk

General Market Risk related to equity and equity related securities

Fixed Income Riskassociatedwithfloatingratesecurities

Fixed Income Risk associated with investments in repo of corporate debt securities

General Risks associated with mid-cap, smallcap and micro-cap companies

Sector Sector Concentration Risk

Sector Security Concentration Risk

General Risks associated with trading in derivatives

General Risks associated with Overseas Investments

General Risks associated with investments in Securitised Assets

General Risk associated with favourable taxation of equity oriented Scheme

General Risk Associated with stock lending

General Risks Associated With Transaction In Units Through Stock Exchange Mechanism

International RisksrelatedtoBGF–GlobalAllocationFund

International RisksrelatedtoBGF–WorldGoldFund

International RisksrelatedtoBGF–NewEnergyFund&BGF–World Energy Fund

International RisksrelatedtoBGF–WorldMiningFund

International RisksrelatedtoBGF–WorldAgricultureFund

International RisksrelatedtoBGF–USFlexibleEquityFund

International Expense Risks associated with investments in international funds

RISK FACTORS OF THE SCHEMES

Risk associated with transaction in Units through the Stock Exchange mechanism: In respect of transactions in the Units of the Schemes through NSE and/or BSE or any other recognized stock exchange, allotment and redemption of Units on any Business Day will depend upon the order processing/settlement by NSE, BSE or such other exchange and their respective clearing corporations on which the Mutual Fundhasnocontrol.Further,transactionsconductedthroughthestockexchangemechanismshallbegovernedbytheoperatingguidelinesanddirectivesissuedbySEBI,NSE,BSEorsuchotherrecognizedexchangeinthisregard.BGFreferstoBlackRockGlobalFunds.

6

Applicable NAV for continuous repurchase and sale

(a) Purchase and Switch-In(i) For all schemes for amount less than Rs. 2 LakhsParticulars Applicable NAVWheretheapplicationisreceivedonanyBusinessDayattheofficialpoint(s)ofacceptanceoftransactionalongwithalocalchequeorademanddraftpayableatparattheplaceofsubmissionoftheapplicationupto3.00p.m.

NAVofthesameday.

Wheretheapplicationisreceivedafter3.00p.m. NAVofthenextBusinessDay.(ii) For all schemes for amount equal to or greater than Rs. 2 LakhsParticulars Applicable NAVWhere the application is received upto cut-off time of 3.00 p.m. on a business day at the official point(s) ofacceptance and funds for the entire amount of subscription/purchase are available for utilization upto 3.00p.m.onthesameBusinessDay.

NAV of same Business Day shall be applicable

Where the application is received upto cut-off time of 3.00 p.m. on a business day at the official point(s) ofacceptanceandfundsfortheentireamountofsubscription/purchaseareavailableforutilizationafter3.00p.m.on the same Business Day or on any subsequent Business Day

NAV of such subsequent Business Day on which the funds are available for utilization prior to 3.00p.m.

Where the application is received after cut-off timeof 3.00 p.m. on a business day at the official point(s) ofacceptanceandfundsfortheentireamountofsubscription/purchaseareavailableforutilizationupto3.00p.m.onthesameBusinessDay.

NAV of subsequent Business Day shall be applicable

Where the application is received after cut-off timeof 3.00 p.m. on a business day at the official point(s) ofacceptanceandfundsfortheentireamountofsubscription/purchaseareavailableforutilizationafter3.00p.m.on the same Business Day or any subsequent Business Day

NAV of such subsequent Business Day on which fund realized prior to 3.00 p.m shallbeapplicable.

(b) Redemption /Switch-out(i) For all schemesParticulars Applicable NAVWheretheapplication isreceivedonanyBusinessDayattheofficialpointsofacceptanceoftransactionsuptocut-offof3.00p.m

NAV of the same day

Wheretheapplicationisreceivedaftercut-offof3.00p.m. NAVofthenextBusinessDay.

When the application is received on a non-business day, it will be treated as if received on next business day.All transactions as per conditions mentioned below shall be aggregated and closing NAV of the day on which funds for respective transaction (irrespective of source offunds)areavailableforutilizationwillbeappliedwheretheaggregatedamountofinvestmentisforRs.2.00lakhs(Twolakhs)andabove.1.AlltransactionsreceivedonsameBusinessDay(aspercut-offtimingandTimestampingrule).2.Aggregationoftransactionsshallbeapplicabletoallopen-endedschemesoftheFund.3.Transactionsshallincludepurchases,additionalpurchases,andexcludeSwitches,SystematicInvestmentPlans(SIP)/SystematicTransferPlans(STP)andtriggertransactions.4.Aggregationoftransactionsshallbedoneonthebasisofinvestor/s/UnitHolder/sPermanentAccountNumber(PAN).Incaseofjointholdinginfolios,transactions

withsimilarholdingpatternwillbeaggregated.TheprinciplefollowedforsuchaggregationwillbesimilarasappliedforcompilationofConsolidatedAccountStatement(CAS).

5.Alltransactionswillbeaggregatedwhereinvestorholdingpatternissameasstatedinpointno.4above,irrespectiveofwhethertheamountoftheindividualtransactionisaboveorbelowRs.2lakhs(Twolakhs).

6.OnlytransactionsinthesameschemeoftheFundshallbeclubbed.ItwillincludetransactionsatPlans/Optionslevel(i.e.RegularPlan,DirectPlan,InstitutionalPlan,DividendOption,GrowthOption,etc).

7.Transactionsinthenameofminorreceivedthroughguardianwillnotbeaggregatedwiththetransactioninthenameofsameguardian.However,twoormoretransactionsinfoliosofaminorreceivedthroughsameguardianwillbeconsideredforaggregation.

In the case funds are received on separate days and are available for utilization on different business days before the cut off time, the applicable NAV shall be of theBusinessday/sonwhichtheclearedfundsareavailableforutilizationfortherespectiveapplicationamount.

Furtheritisclarifiedthatswitcheswillbeconsideredasredemptionintheswitch-outschemeandpurchase/subscriptionintheswitch-inscheme.Unitholdersare requested to note that application for redemption/switch-out for units for which funds are not realized via purchase or switch-in in the scheme of the Fund shallbeliabletoberejected.Inotherwords,redemptionorswitchoutofunitswillbeprocessedonlyifthefundsforsuchunitsarerealizedintheschemebyawayofpaymentinstructions/transferorswitch-infundingprocess.Further,allswitchfundingshallbeinlinewithredemptionfundingtimelinesadoptedbytheconcernedschemei.e.ifaschemefollowsT+3payoutforredemption,theswitchoutfundingshouldalsobemadeontheT+3andnotearlierorlaterthanT+3,whereTisthedayoftransaction.

Withrespecttoinvestorswhotransactthroughthestockexchange,ApplicableNAVshallbereckonedonthebasisofthetimestampingasevidencedbyconfirmationslipgivenbystockexchangemechanism.

Direct Plan:W.e.f.January1,2013DirectPlanisintroducedunderalltheSchemeslaunchedpriortoJanuary1,2013.DirectPlanisaseparateplanfordirectinvestmentsi.e.investmentsnotroutedthroughadistributor.Theinvestmentobjective,portfolio,assetallocation,riskfactors,investmentrestrictions,wheretheschemewillinvest,applicableNetAssetValueandcut-offtimings,exitloadstructureandothertermsunderDirectPlanwillbesameasapplicabletoexistingplansundereachoftheSchemes.

Switch of units from Regular Plan/Institutional Plan to Direct Plan within the same scheme of the Fund:NoexitloadshallbeleviedIncaseofswitchofinvestmentsfromDirectPlantoRegular/InstitutionalPlanandviceversa.SuchSwitchmayentailtaxconsequences.Investors/UnitHolder(s)shouldconsulttheirprofessionaltaxadvisorbeforeinitiatingsuchrequests

Despatch of Repurchase (Redemption) Request :Within10workingdaysofthereceiptoftheredemptionrequestattheauthorisedcentreofDSPBlackRockMutualFund.

Name of the Trustee Company :DSPBlackRockTrusteeCompanyPvt.Ltd.

Tax Treatment for the Investors (Unit Holders) : InvestorsareadvisedtorefertothedetailsintheSAI.Inviewoftheindividualnatureoftaxbenefits,eachinvestorisalsoadvisedtoconsulthisorherowntaxconsultantwithrespecttothespecifictaximplicationsarisingoutofhisorherparticipationintheschemeconcerned.

INFORMATION COMMON TO ALL SCHEMES

7

INFORMATION COMMON TO ALL SCHEMES (CONT’D)

Waiver of Entry Load : InaccordancewiththerequirementsspecifiedbySEBIcircularno.SEBI/IMD/CIRNo.4/168230/09datedJune30,2009noentryloadwillbechargedwithrespecttoapplicationsforpurchase/additionalpurchase/switch-inacceptedbyDSPBlackRockMutualFundwitheffectfromAugust01,2009.Similarly, no entry load will be charged with respect to applications for registrations of Systematic Investment Plans (SIP) /Systematic Transfer Plans (STP), with effectfromAugust01,2009.

Daily Net Asset Value (NAV) Publication :NAVwillbedeclaredonallBusinessDaysandwillbepublishedintwonewspapers.NAVcanalsobeviewedonwww.dspblackrock.comandwww.amfiindia.com.Youcanalsocallusat:1-800-200-4499.Investor(s)/Unitholder(s)arerequestedtonotethatAMCwilldeclareseparateNAVunderRegular,InstitutionalandDirectPlanofeachScheme.

For Investor Grievances Please Contact :InvestorsmaycontactanyoftheInvestorServiceCenters(ISCs)oftheAMCforanyqueries/clarifications,maycallon1800-200-4499(tollfree),e-mail:service@dspblackrock.com.Mr.GauravNagorihasbeenappointedastheInvestorRelationsOfficer.HecanbecontactedatDSPBlackRockInvestmentManagersPrivateLimitedNatraj,OfficePremisesNo.302,3rdFloor,MVRoadJunction.W.E.Highway,Andheri-East,Mumbai–400069,Tel.:022-67178000.Foranygrievanceswithrespecttotransactionsthroughstockexchangemechanism,UnitHoldersmustapproacheitherstockbrokerortheinvestorgrievancescelloftherespectivestockexchange.Investors may contact the customer care of MFUI on 1800-266-1415 (during the business hours on all days except Sunday and Public Holidays) or send an email to clientservices@mfuindia.comforanyservicerequiredorforresolutionoftheirgrievancesfortheirtransactionswithMFUI.

Unit Holders’ Information AccountStatements/AllotmentConfirmation:•AllotmentconfirmationspecifyingthenumberofUnitsallottedshallbesenttotheUnitholdersattheirregisterede-mailaddressand/ormobilenumberbyway

ofemailand/orSMSwithin5BusinessDaysfromthecloseoftheNewFundOffer(NFO)Periodorfromthedateofreceiptoftransactionrequest.•AccountstatementsfortransactionsinunitsoftheFundbyinvestorsonorafterFebruary1,2015willbedispatchedtoinvestorsinfollowingmanner:

I. Investors who do not hold Demat AccountConsolidated account statement^, based on PAN of the holders, shall be sent by AMC/ RTA to investors not holding demat account, for each calendar month within 10thdayofthesucceedingmonthtotheinvestorsinwhosefoliostransactionshavetakenplaceduringthatmonth.Consolidated account statement shall be sent every half yearly (September/ March), on or before 10th day of succeeding month, detailing holding at the end of the sixmonth,toallsuchinvestorsinwhosefoliostherehavebeennotransactionsduringthatperiod.^ConsolidatedaccountstatementsentbyAMC/RTAisastatementcontainingdetailsrelatingtoallfinancialtransactionsmadebyaninvestoracrossallmutualfundsviz.purchase,redemption,switch,dividendpayout,dividendreinvestment,systematicinvestmentplan,systematicwithdrawalplan,systematictransferplan,bonusetc.(includingtransactionchargespaidtothedistributor)andholdingattheendofthemonth.

II. Investors who hold Demat AccountConsolidated Account Statement^^, based on PAN of the holders, shall be sent by Depositories to investors holding demat account, for each calendar month within 10thdayofthesucceedingmonthtotheinvestorsinwhosefoliostransactionshavetakenplaceduringthatmonth.Consolidated account statement shall be sent every half yearly (September/ March), on or before 10th day of succeeding month, detailing holding at the end of the sixmonth,toallsuchinvestorsinwhosefoliosanddemataccountstherehavebeennotransactionsduringthatperiod.In case of demat accounts with nil balance and no transactions in securities and in mutual fund folios, the depository shall send account statement in terms of regulationsapplicabletothedepositories.^^ConsolidatedaccountstatementsentbyDepositoriesisastatementcontainingdetailsrelatingtoallfinancialtransactionsmadebyaninvestoracrossallmutualfundsviz.purchase,redemption,switch,dividendpayout,dividendreinvestment,systematicinvestmentplan,systematicwithdrawalplan,systematictransferplan,bonusetc.(includingtransactionchargespaidtothedistributor)andtransactionindematerialisedsecuritiesacrossdemataccountsoftheinvestorsandholdingattheendofthemonth.Investors are requested to note that for folios which are not included in the consolidated account statement, AMC shall henceforth issue monthly account statement totheunitholders,pursuanttoanyfinancialtransactiondoneinsuchfolios;themonthlystatementwillbesentonorbeforetenthdayofsucceedingmonth.Suchstatementsshallbesentinphysicalformifnoemailidisprovidedinthefolio.Incaseofaspecificrequestreceivedfromtheunitholders,theAMCshallprovidetheaccountstatementtotheunitholderswithin5businessdaysfromthereceiptofsuchrequest.Formoredetails,pleaserefertheSID. Half yearly portfolio disclosure: Full portfolio in the prescribed format shall be disclosed either by publishing it in one national English daily newspaper circulating inthewholeofIndiaandinanewspaperpublishedinthelanguageoftheregionwheretheHeadOfficeoftheMutualFundissituatedorbysendingittotheUnitHolderswithinonemonthfromtheendofeachhalf-year,thatisasonMarch31andSeptember30.Itshallalsobedisplayedonwww.dspblackrock.com.

Annual Financial results: The annual report of the Schemes or an abridged summary thereof, will be sent to all Unit Holders not later than four months from the dateoftheclosureoftherelevantfinancialyeari.e.March31eachyear(i)byemailtoallUnitholderswhosee-mailaddressesareavailablewiththeMutualFundand (ii) in physical form to the Unit holders whose e-mail addresses are not available with the Mutual Fund and/or to those Unit holders who have opted/requested forthesame.Wheneverthereportissentinatheabridgedform,thefullannualreportwillbeavailableforinspectionattheregisteredofficeoftheTrusteeandacopymadeavailableonrequesttotheUnitHolders.TheAnnualReportshallalsobedisplayedonwww.dspblackrock.com,alinktowhichisdisplayedprominentlyonthehomepageoftheMutualFund’swebsite.

InvestorswhohavenotregisteredtheiremailaddresseswiththeMutualFundarerequestedtoupdatethesame.

-Wheneverthereportissentinatheabridgedform,thefullannualreportwillbeavailableforinspectionattheregisteredofficeoftheTrusteeandacopymadeavailableonrequesttotheUnitHolders.TheAnnualReportshallalsobedisplayedonwww.dspblackrock.com,alinktowhichisdisplayedprominentlyonthehomepage of the Mutual Fund’s website

Recurring Expenses of the Schemes: The maximum limit of recurring expenses that can be charged to the Schemes under Regulation 52 of the SEBI (MF) Regulations, 1996areasfollows:

Slab Rates Equity Schemes (As a % of daily net assets) Additional TER as per Regulation 52 (6A) (c) Additional TER as per Regulation 52 (6A) (b)OnthefirstRs.100Crores 2.50% 0.20% 0.30%OnthenextRs.300Crores 2.25% 0.20% 0.30%OnthenextRs.300Crores 2.00% 0.20% 0.30%On the balance of the assets 1.75% 0.20% 0.30%

8

Slab Rates Income Schemes (As a % of daily net assets) Additional TER as per Regulation 52 (6A) (c) Additional TER as per Regulation 52 (6A) (b)OnthefirstRs.100Crores 2.25% 0.20% 0.30%OnthenextRs.300Crores 2.00% 0.20% 0.30%OnthenextRs.300Crores 1.75% 0.20% 0.30%On the balance of the assets 1.50% 0.20% 0.30%

Slab Rates Fund of Funds (As a % of daily net assets) Additional TER as per Regulation 52 (6A) (c) Additional TER as per Regulation 52 (6A) (b)On daily net assets 2.50% 0.20% 0.30%

In Addition to expenses under Regulation 52 (6) and (6A), AMC may charge service tax on investment and advisory fees, expenses other investment and advisory fees and brokerage and transaction cost as below:a.ServiceTaxoninvestmentandadvisoryfees:AMCmaychargeservicetaxoninvestmentandadvisoryfeesoftheschemeinadditiontothemaximumlimitofTER

aspertheRegulation52(6)and(6A).b.ServiceTaxonexpensesotherthaninvestmentandadvisoryfees:AMCmaychargeservicetaxonexpensesotherthaninvestmentandadvisoryfeesofthescheme,

ifanywithinthemaximumlimitofTERaspertheRegulationunder52(6)and(6A).c.ServiceTaxonbrokerageandtransactioncost:Theservicetaxonbrokerageandtransactioncostswhichareincurredforthepurposeofexecutionoftrade,willbe

withinthelimitofTERaspertheRegulation52(6)and(6A).

Expense Structure for Direct Plan-TheannualrecurringexpenseswillbewithinthelimitsspecifiedundertheSEBI(MutualFunds)Regulations,1996.However,DirectPlanwillhavelowerexpenseratiothanRegularPlan/InstitutionalPlanoftheScheme.TheexpensesunderDirectPlanshallexcludethedistributionandcommissionexpenses.TheTotalExpenseRatioofDirectPlanwillbelowerbyatleast10%oftheTotalExpenseRatiochargedtoRegularPlan/InstitutionalPlanoftheSchemes.

The maximum limit of recurring expenses that can be charged to the Schemes would be as per Regulation 52 of the SEBI (MF) Regulations, 1996. Investors are requested to read “Section VII - FEES AND EXPENSES – Annual Schemes Recurring Expenses of the Scheme Information Document (SID).

Dividend Policy for Discontinued Plan*

Dividend under DSPBRSBF: The dividend under Daily Dividend Reinvest option under Discontinued Plans of DSPBRSBF will be declared on a weekly basis and shall be reinvestedintheWeeklyDividendReinvestOptionoftheInstitutionalPlans(‘ContinuingPlans’)oftherespectiveSchemes.Further,DividendReinvestoptionsotherthan Daily Dividend Reinvest option under Discontinued Plans of DSPBRSBF will be reinvested in the corresponding options of the Continuing Plans of the respective Schemes.

Dividend under DSPBRIOF and DSPBRMMF: The dividend declared under the Dividend Reinvest options under Discontinued Plans of DSPBRIOF and DSPBRMMF, will be reinvestedinthecorrespondingoptionsoftheRegularPlan(‘ContinuingPlan’)oftherespectiveSchemes.UnitHolder(s)oftheDiscontinuedPlancanseekpayoutofdividend,providedtheoptionhasPayoutFacility,bysubmittingthewrittenrequestatanyoftheOfficialPointofAcceptanceofTransactions(OPAT)ofDSPBlackRockInvestmentManagersPvt.Ltd./ComputerAgeManagementServicesPvt.Ltd.

All other schemes except DSPBRSBF, DSPBRIOF and DSPBRMMF: Dividends on units in Discontinued Plans shall be compulsorily paid out if such an option exists intheDiscontinuedPlanwhereadividendisdeclared.IncasetheDiscontinuedPlanisnothavingdividendpayoutoption,theSchemeshallnotbeinapositiontodeclareanydividends.

Processing of Application Form/Transaction Request: The below table summarizes the procedures which would be adopted while processing application form/transactionrequestbytheAMC.

Sr No.

AMFI Registration Number (ARN) Code/Direct/Blank as mentioned in the application form/

transaction request

Plan as selected in the application form/transaction request

Transaction shall be processed and Units shall be allotted under

1 Not mentioned Not mentioned Direct Plan2 Not mentioned Direct Direct Plan3 Not mentioned Institutional Direct Plan4 Mentioned Direct Direct Plan5 Direct Not Mentioned Direct Plan6 Direct Institutional Direct Plan7 Mentioned Institutional Institutional Plan8 Mentioned Not Mentioned Institutional Plan

Incasesofwrong/invalid/incompleteARNcodesmentionedontheapplicationform,theapplicationshallbeprocessedunderInstitutionalPlan.TheAMCshallcontactandobtainthecorrectARNcodewithin30calendardaysofthereceiptoftheapplicationformfromtheinvestor/distributor.Incase,thecorrectcodeisnotreceivedwithin30calendardays,theAMCshallreprocessthetransactionunderDirectPlanfromthedateofapplicationwithoutanyexitload.

Note: discontinued plan under DSPBRIOF, DSPBRMMF, DSPBRSBF has been merged into continuing plan under respective options with effect from September 8, 2017

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COMPARISON BETWEEN THE SCHEMES

Scheme Name Investment Objective

Number of Folios (August 31, 2017)

AUM (August 31, 2017) (Rs. Crores)

Direct Plan

Regular Plan

Institutional Plan

Direct Plan

Regular Plan

Institutional Plan

DSPBRBalF An open ended balanced Scheme, seeking to generate long term capital appreciation and current income from a portfolio constituted of equity and equity relatedsecuritiesaswellasfixedincomesecurities(debtandmoneymarketsecurities).

8,253 119,212 0 517.81 5189.99 0.00

DSPBREF An open ended growth Scheme, seeking to generate long term capital appreciation, from a portfolio that is substantially constituted of equity securities andequityrelatedsecuritiesofissuersdomiciledinIndia.

7,541 94,062 0 359.38 2061.36 0.00

DSPBRF25F An open ended equity growth scheme seeking to generate long-term capital growth from a portfolio of equity and equity-related securities including equity derivatives.Theportfoliowilllargelyconsistofcompanies,whichareamongstthetop200companiesbymarketcapitalisation.Theportfoliowilllimitexposuretocompaniesbeyondthetop200companiesbymarketcapitalizationupto20%ofthenetassetvalue.TheSchemewillnormallyholdequityandequity-relatedsecuritiesincludingequityderivatives,ofupto25companies.Further,theSchemewillalsohaveatleast95%oftheinvestedamount(excludinginvestmentsindebtsecurities,money market securities and cash and cash equivalents) across the top 25 holdings intheportfolio.TheSchememayalsoinvestindebtandmoneymarketsecurities,fordefensiveconsiderationsand/orformanagingliquidityrequirements.TherecanbenoassurancethattheinvestmentobjectiveoftheSchemewillberealized.

10,326 81,811 0 890.75 1971.61 0.00

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

2,513 38,442 3 867.42 6466.37 6.61

DSPBRMCF An open ended equity 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 marketcapitalization.Fromtimetotime,theInvestmentManagerwillalsoseekparticipation in other equity and equity related securities to achieve optimal portfolioconstruction.ThisshallbethefundamentalattributeoftheScheme.

77,156 479,439 0 864.25 4923.32 0.00

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

4,726 61,689 15 1470.82 2568.78 45.03

DSPBROF** An open ended growth Scheme, seeking to generate long term capital appreciation andwhosesecondaryobjectiveisincomegenerationandthedistributionofdividend from a portfolio constituted of equity and equity related securities concentratingontheinvestmentfocusoftheScheme.

11,952 164,543 0 407.55 2964.02 0.00

DSPBRSBF An open ended income scheme, seeking to generate optimal returns with high liquidity through active management of the portfolio by investing in high quality debtandmoneymarketsecuritites.

816 218 2,012 1259.73 33.06 826.52

DSPBRSMF An open ended equity growth scheme, primarily seeking to generate long term capital appreciation from a portfolio substantially constituted of equity and equity related securities,whicharenotpartoftop100stocksbymarketcapitalization.

42,649 337,182 0 476.30 3952.64 0.00

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

1,093 6,506 0 3377.57 1020.29 0.00

DSPBRTSF Anopenendedequitylinkedsavingsscheme,whoseprimaryinvestmentobjectiveistoseektogeneratemediumtolong-termcapitalappreciationfromadiversifiedportfolio that is substantially constituted of equity and equity related securities of corporates, and to enable investors avail of a deduction from total income, as permittedundertheIncomeTaxAct,1961fromtimetotime.

72,483 425,304 0 273.70 2867.30 0.00

DSPBRTEF An open ended growth Scheme, seeking to generate capital appreciation, from a portfolio that is substantially constituted of equity securities and equity related securitiesofthe100largestcorporates,bymarketcapitalisation,listedinIndia.

12,183 162,760 0 836.74 2637.83 0.00

Note:Nofreshpurchase/additionalpurchase/switch-ins/STP-inswillbeacceptedintheDiscontinuedPlan.However,redemption/switchoutswillbeprocessedunderDiscontinuedPlan.InvestorsarerequestedtomentionthedetailsofContinuingPlan/DirectPlanoftheSchemeinalltransactionrequest,paymentinstrument,etc.IncasetheinvestormentionsthedetailsofDiscontinuedplaninTransactionrequests/paymentinstrument,theapplicationmaybeprocessedunderContinuingPlan/DirectPlan.

**DSPBlackRockTechnology.comFundhasbeenmergedintoDSPBlackRockOpportunitiesFundwitheffectfrom28thJuly2017.

10

RISK MANAGEMENT STRATEGIES

Market Liquidity Risk Theliquidityriskwillbemanagedand/orsoughttobeaddressedbycreatingaportfoliowhichhasadequateaccesstoliquidity.TheInvestmentManagerwillselectfixedincomeand/orequitysecurities,whichhaveorareexpectedtohavehighsecondarymarketliquidity.Thereisgoodsecondarymarketliquidityingovernmentsecurities.Asfarasotherlongdatedfixedincomesecuritiesareconcerned,theendeavourwillbetoinvestinhighqualitynamesexamplebondsissuedbypublicsectorentities.Thereisgoodsecondarymarketliquidityinlargecapstocks.MarketLiquidityRiskwillbemanagedactivelywithintheportfolioliquiditylimits.Thefirstaccesstoliquidityisthroughcashandfixedincomesecurities.

Term Structure of Interest Rates (TSIR) Risk

TheInvestmentManagerwillendeavourtoactivelymanagethedurationbasedontheensuingmarketconditions.

Rating Migration Risk Theendeavouristoinvestinhighgrade/qualitysecurities.Thereisanin-depthduediligenceperformedbeforeassigninganycreditlimits,whichshouldmitigatecompany-specificissues.Thereisanongoingmonitoringoftheselimitsaftertheyhavebeenassigned.

Re-investment Risk Theinvestmentmanagerwillendeavourthatbesidesthetacticaland/orstrategicinterestratecall,theportfolioisfullyinvested.Market Risk related to equity and equity related securities

The Investment Manager endeavours to invest in companies, where adequate due diligence and research has been performed by the InvestmentManager.Asnotallthesecompaniesareverywellresearchedbythird-partyresearchcompanies,theInvestmentManageralsoreliesonitsownresearch.Thisinvolvesone-to-onemeetingswiththemanagementofcompanies,attendingconferencesandanalystmeetsandalsotele-conferences.Thecompany–wiseanalysiswillfocus,amongstothers,onthehistoricalandcurrentfinancialcondition of the company, potential value creation/unlocking of value and its impact on earnings growth, capital structure, business prospects,policyenvironment,strengthofmanagement,responsivenesstobusinessconditions,productprofile,brandequity,marketshare,competitiveedge,research,technologicalknow-howandtransparencyincorporategovernance.

Risk associated with floating rate securities applicable to DSPBRSTF

Thereisverylowliquidityinfloatingratesecurities,resultinginlackofpricediscovery.Hence,incrementalinvestmentsinfloatingratesecuritiesaregoingtobeverylimited.

Risk associated with investments in repo of corporate debt securities, applicable to DSPBRIOF, DSPBRMMF, DSPBRSTF

The Investment Manager will endeavor to manage counterparty risk in corporate debt repos by dealing only with counterparties having strongcreditprofiles.ThesecouldincludeSEBIregulatedmutualfunds,RBIregulatedBanks,Non-BankingFinanceCompanies,PrimaryDealersandIRDAregulatedInsurancecompanies.Corporatesforwhomcreditlimitshavebeenassignedareeligiblecounterparties.Thesecorporatesshouldhaveaminimuminvestmentgradecreditrating.Fornewcounterparties,approvalfromHead–RiskwillbetakenandanassessmentwillbedonebytheRisk&QuantitativeAnalysisteam.Thecollateralriskismitigatedbyrestrictingparticipationin repo transactions only in AA and above rated money market and corporate debt securities, where potential for downgrade/default islow.Inaddition,appropriatehaircutsareappliedonthemarketvalueoftheunderlyingsecuritiestoadjustfortheilliquidityandinterestrateriskontheunderlyinginstrument.

Risks associated with mid-cap, small-cap and microcap companies DSPBRBalF, DSPBROF, DSPBREF, DSPBRTSF, DSPBRMCF and DSPBRSMF

The Investment Manager endeavours to invest in companies, where adequate due diligence has been performed by the Investment Manager.Asthesecompaniesarenotverywellresearchedbythirdpartyresearchcompanies,theInvestmentManagerreliesonitsownresearch.Thisinvolvesonetoonemeetingswiththemanagementofcompanies,attendingconferencesandanalystmeetsandalsotele-conferences.Thecompany-wiseanalysiswillfocus,amongstothers,onthehistoricalandcurrentfinancialconditionofthecompany, potential value creation/unlocking of value and its impact on earnings growth, capital structure, business prospects, policy environment,strengthofmanagement,responsivenesstobusinessconditions,productprofile,brandequity,marketshare,competitiveedge,research,technologicalknow-howandtransparencyincorporategovernance.

Applicable to DSPBRF25F - Risk factor associated with security concentration

This Scheme has a security concentration risk as it will normally hold equity and equity-related securities including equity derivatives, ofupto25companies.Theintrinsicnatureoftheportfoliowillrepresenthighconvictionportfolioweights.TheprimarynatureoftheSchemeistohavehighconvictionportfolio,whichmayintroducehighersecurityconcentrationrisk.AlthoughtheSchemeislessdiversifiedintermsofthenumberofsecurities,theSchemehastheflexibilityofinvestingindiversesectors.ThiswouldprovidediversificationacrosssectorsandtheInvestmentManagerwouldhavetheflexibilitytodiversifytheholdingsandmitigaterisks.TheInvestmentManagerwillendeavourtoachievediversificationthroughnon-similarstocksand/orfactorsthatcouldimpacttheunderlyingportfolio.

Applicable to DSPBROF - Risk associated with Sector Concentration Risk

Theinvestmentobjectiveistohaveportfolio,whichhashighconcentrationinselectsectors.ThesectorselectionprocessoftheInvestmentManagerwillseekinvestmentsinsectors,wherethereisvisibilityinearnings.TheinvestorsneedtobeawareofthesectorconcentrationriskasthisistheinvestmentobjectiveoftheScheme.

Risks Associated With Overseas Investments DSPBRF25F, DSPBRMCF, DSPBRSBF

TheportfolioispredominantlyinINRdenominatedsecurities.ShouldtherebeinvestmentsinADRs/GDRsofIndiancompaniesorforeignsecurities,theinvestmentprocessofthefundmanagerwillensurethatacomprehensivecompanyspecificduediligenceisperformed.

Risk associated with trading in Derivatives (Applicable to all Schemes except DSPBRTSF)

TheSchemecanuseequityderivatives,bothfordirectional(includingequitisationofcash)andyieldenhancementstrategies.Thecreditriskassociatedwithequityderivativesisdefeasedasonlyexchangetradedequityderivativesarepermitted.Ontheperformance,portfolioandregulatorylimits,thereisanestablisheddailymonitoringprocess.Aslimitscouldbebreachedbecauseofchangesintheopeninterest,whichisafunctionofmarket-wideactivityandnotspecifictotheSchemeandarenotincontrol,therearehardandsoftlimits.Anybreachbeyondthesoftlimitisimmediatelyrectifiedandbroughtwithinthespecifiedlimit.

The guidelines issued by SEBI / RBI from time to time for forward rate agreements and interest rate swaps and other derivative productswouldbeadheredto.

Risk associated with Stock Lending

Atpresent,thereisnosignificantactivityintheSecuritiesBorrowingandLendingmarket.TheMutualFundhassofarnotparticipatedinSecuritiesLendingmarket.However,weunderstandtherisksassociatedwiththesecuritieslendingbusinessandtheAMCwillhaveappropriatecontrols(includinglimits)beforeinitiatinganysuchtransactions.

11

PERIOD

COMPOUNDED ANNUALISED RETURN

DSPBRIOF REGULAR PLAN

COMPOSITE BENCHMARK^^^

DSPBRIOF DIRECT PLAN

COMPOSITE BENCHMARK^^^

Last 1 Year 8.63% 8.74% 9.32% 8.74%

Last 3 Year 9.91% 10.06% 10.54% 10.06%

Last 5 Year 9.48% 9.32% NA NA

Since Inception 7.42% 7.09% 10.16% 9.29%

NAV/ Index value (August 31) ` 27.85 266.40 ` 28.60 266.40

Date of allotment 13th May, 2003 01stJanuary,2013

^^^SchemeBenchmark(CompositeBenchmark=50%ofCRISILShortTermBondFundIndex+50%ofCRISILCompositeBondFundIndex;NormalisedValues).Allreturnsarefor-GrowthOption.Differentplansshallhaveadifferentexpensestructure.Sinceinceptionreturnshavebeencalculatedfromthedateofallotmenttill31August2017.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 FUNDInvestment Objective Pleaserefertopagenumber9Investment Strategy The Investment Manager will invest in those debt securities that are rated investment grade by credit rating agencies or in unrated debt securities, which the

InvestmentManagerbelievestobeofequivalentquality.In-houseresearchbytheInvestmentManagerwillemphasizeoncreditanalysis,inordertodeterminecreditrisk.Theinvestmentprocessfollowsatopdownapproachtakingintoaccountaspectslikeinterestrateview,termstructureofinterestrates,systemicliquidity,RBI’spolicystance,inflationaryexpectations,Governmentborrowingprogram,fiscaldeficit,globalinterestrates,currencymovements,etc.

Asset Allocation Pattern of the Scheme

Types of Instruments Normal Allocation (% of Net Assets)Minimum Maximum

Money 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%*Debtsecuritiesmayincludesecuritiseddebtsupto50%ofthenetassets.TheweightedaveragematurityoftheSchemewillbebetween3yearsand5years.Theweightedaveragematuritywillbereckonedon:(a)Maturitydateforfixedratesecurities(b)InterestresetdateorrepricingdateforfloatingratesecuritiesThecumulativegrossexposurethroughdebtsecurities,moneymarketsecurities/instrumentsandderivativeswillnotexceed100%ofthenetassetsoftheScheme.TheSchemeshallnotinvestinforeigndebtsecurities.TheSchemewillparticipateinrepoofmoneymarketandcorporatedebtsecurities.TheSchemewillnotengageinshortsellingofsecuritiesandsecuritieslendingandborrowing.

Plans and Options Regular Plan(Continuing plan): l GrowthlDividend–PayoutDividend–ReinvestDividendl Daily Dividend ReinvestlWeeklyDividend–PayoutDividend–Reinvest

DividendlMonthlyDividend–PayoutDividend–Reinvest

DividendlQuarterlyDividend–PayoutDividend–

Reinvest Dividend

Direct Plan:l GrowthlDividend–PayoutDividend–ReinvestDividendl Daily Dividend ReinvestlWeeklyDividend–PayoutDividend–Reinvest


DividendlQuarterlyDividend–PayoutDividend– Reinvest Dividend

Institutional Plan^ (Discontinued plan):l GrowthlDividend–PayoutDividend–ReinvestDividendl Daily Dividend ReinvestlWeeklyDividend–PayoutDividend–Reinvest


DividendlQuarterlyDividend–PayoutDividend–

Reinvest Dividend^ Note:Nofreshpurchase/additionalpurchase/switchins/STP-insshallbeacceptedintheDiscontinuedplan.However,theredemption/switchout/SystematicWithdrawalPlan(‘SWP’)/SystematicTransferPlan(‘STP’)-outunderDiscontinuedplanshallbeprocessed.

Minimum Application Amount / Number of Units

Regular and Direct Plan Purchase Additional Purchase RepurchaseRs.1,000/-andanyamountthereafter Rs.1,000/-andanyamountthereafter Rs.500

Institutional Plan Only redemption/switch out/ SWP/ STP - out shall be processed Rs.500Systematic Investment Plan (SIP) Rs.500/-.MonthlyandQuarterlyoptionsavailable.Systematic Withdrawal Plan (SWP) Rs.500/-.Weekly,MonthlyandQuarterlyoptionsavailable.Systematic Transfer Plan (STP) Rs.500/-.Weekly,MonthlyandQuarterlyoptionsavailable.Benchmark Index 50%ofCRISILShortTermBondFundIndex+50%ofCRISILCompositeBondFundIndexDividend Policy for Continuing Plan & Direct Plan

DividendOption-Trusteeintendstodeclareannualdividends.WeeklyDividendOption-TrusteeenvisagesdeclaringweeklydividendsforUnitholdersonrecordasontheWednesdayofeachweek.TheTrusteemayaltertheRecordDateatitsdiscretion.Thedividendssodeclaredwillbecompulsorilyreinvested.DailyDividendReinvestOption-TrusteeenvisagesdeclaringdailydividendsforUnitholdersonrecordasoneachday.Thedividendssodeclaredwillbecompulsorilyreinvested.MonthlyDividend Option - Trustee envisages declaring monthly dividends for Unit holders on record as on the 28th of each month or immediately preceding Business Day, if 28th isnotaBusinessDay.QuarterlyDividendoption-TrusteeenvisagesdeclaringquarterlydividendsforUnitholdersonrecordasonthe28thofthelastmonthofeachquarterofthefinancialyearortheimmediatelyprecedingBusinessDay,if28thisnotaBusinessDay.ActualdistributionofdividendsandthefrequencyofdistributionareprovisionalandwillbeentirelyatthediscretionoftheTrustee.Thereisnoassuranceorguaranteeregardingtherateofdividendorregularpaymentofdividend.IfthedividendamountpayabletoUnitholders(netoftaxdeductedatsource,whereverapplicable):(i)foranamountlessthanRs.10,000/-incaseofWeeklyDividendPayoutsub-option;(ii)foranamountequaltoorlessthanRs.250/-incaseofpayoutsuboptionsofDividend,MonthlyDividendandQuarterlyDividend;willbecompulsorilyandautomaticallyreinvestedinthePlanbyissuingadditionalUnitsofthePlanattheApplicableNAVonthenextBusinessdayaftertheRecordDate.Thereshallbenoloadondividendsoreinvested.Please refer to page number 8 for Dividend Policy for Discontinued Plan.

Name of the Fund Manager Mr.LaukikBagwe&Mr.PankajSharmaTenure:1year2months(ManagingtheSchemesinceJuly2016)

(a) Absolute Returns

Expenses of the Scheme Entry Load Exit Load

Load structure(asa%ofApplicableNAV)Regular, Institutional and Direct Plan

Not Applicable

HoldingPeriod:<12months:1%~Holding Period: >= 12 months: Nil~Iftheunitsredeemedorswitchedoutareupto10%oftheunits(thelimit)purchasedorswitched:Nil.

Actual Expenses for 2016-2017

- Regular Plan 1.85%

- Institutional Plan 1.20%

- Direct Plan 1.20%

Recurring Expenses Please refer to page number 8

Returns are computed from the Date of Allotment/1st April, as the case may be, to 31st March of the respective financialyear.

Performance of the Scheme

©CRISILLimited2016.AllRightsReservedEachCRISILIndex(including,fortheavoidanceofdoubt,itsvaluesandconstituents)isthesolepropertyofCRISILLimited(CRISIL).NoCRISILIndexmaybecopied,retransmittedorredistributedinanymanner.While CRISIL uses reasonable care in computing the CRISIL Indices and bases its calculation on data that it considers reliable, CRISIL does not warrant that any CRISIL Index is error-free, complete, adequate or withoutfaults.Anyoneaccessingand/orusinganypartoftheCRISILIndicesdoessosubjecttotheconditionthat:(a)CRISILisnotresponsibleforanyerrors,omissionsorfaultswithrespecttoanyCRISILIndexorfortheresultsobtainedfromtheuseofanyCRISILIndex;(b)CRISILdoesnotacceptanyliability(andexpresslyexcludesallliability)arisingfromorrelatingtotheiruseofanypartofCRISILIndices.

(b) Compounded Annualised Returns as of August 31, 2017

DSPBRIOF- DIRECT PLAN DSPBRIOF- REGULAR PLANCOMPOSITE BENCHMARK^^^

2.06%

9.14%

11.73

%

9.90% 10.52

%

1.86%

9.02%

8.54%

11.17

%

9.33% 9.8

1%

9.14%

6.63%

12.41

%

8.36%

10.06

%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

16.00%Returns

FY13(01/Jan-28/Mar) FY13 FY14 FY15 FY16 FY17

12

DSPBRMMF- DIRECT DSPBRMMF- REGULARCRISIL LIQUID FUND INDEX

2.06%

9.95%

9.19%

8.29%

7.94%

1.88%

8.66% 9.3

9%

8.70%

7.70%

7.17%8.1

7% 9.46%

9.06%

8.06%

7.11%


Returns

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

Performance of the Scheme(a) Absolute Returns


Loadstructure(asa%ofApplicableNAV)Regular,Institutionaland Direct Plan Not Applicable Nil




- Direct Plan 0.27%



PERIOD

COMPOUNDED ANNUALISED RETURNDSPBRMMF REGULAR

PLAN

CRISIL LIQUID

FUND INDEX

DSPBRMMF DIRECT PLAN

CRISIL LIQUID

FUND INDEX

Last 1 Year 6.57% 6.76% 7.37% 6.76%

Last 3 Year 7.53% 7.72% 8.19% 7.72%


Since Inception 7.53% 7.52% 8.68% 8.24%

NAV/ Index value (August 31) `2,238.34 2,760.25 ` 2,299.56 2,760.25

Date of allotment 31stJuly,2006 01stJanuary,2013

All returns are for - Growth Option. Different plans shall have a different expense structure. Sinceinceptionreturnshavebeencalculatedfromthedateofallotmenttill31August2017.Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

Returns are computed from the Date of Allotment/1st April, as the case maybe,to31stMarchoftherespectivefinancialyear.

DSP BLACKROCK MONEY MANAGER FUNDInvestment Objective Pleaserefertopagenumber9Investment Strategy The Investment Manager will invest in those debt securities that are rated investment grade by credit rating agencies or in unrated debt securities,

whichtheInvestmentManagerbelievestobeofequivalentquality.In-houseresearchbytheInvestmentManagerwillemphasizeoncreditanalysis,inordertodeterminecreditrisk.Theinvestmentprocessfollowsatopdownapproachtakingintoaccountaspectslikeinterestrateview,termstructureofinterestrates,systemicliquidity,RBI’spolicystance,inflationaryexpectations,Governmentborrowingprogram,fiscaldeficit,globalinterestrates,currencymovements,etc.



Money market securities and/or debt securities* with residual maturity of less than or equal to 6 months

80% 100%

Money market and/or debt securities* with residual maturity of greater than 6 months

0% 20%

*Debtsecuritiesmayincludesecuritiseddebtsupto50%ofthenetassets.TheweightedaveragematurityoftheSchemewillbelessthanorequalto6months.Theweightedaveragematuritywillbereckonedon:(a)Maturitydateforfixedratesecurities,(b)Interestresetdateorrepricingdateforfloatingratesecurities.Thecumulativegrossexposurethroughdebtsecurities,moneymarketsecurities/instrumentsandderivativeswillnotexceed100%ofthenetassetsoftheScheme.TheSchemeshallnotinvestinforeigndebtsecurities.TheSchemewillparticipateinrepoofmoneymarketandcorporatedebtsecurities.TheSchemewillnotengageinshortsellingofsecuritiesandsecuritieslendingandborrowing.

Plans and Options Regular Plan (Continuing Plan): l Growth: l Weekly Dividend Payout&Reinvestl Daily Dividend Reinvestl MonthlyDividend–PayoutDividend-Reinvest Dividendl Dividend–PayoutDividend–ReinvestDividend

Direct Plan: l Growth: l Weekly DividendPayout&Reinvestl Daily Dividend Reinvestl MonthlyDividend–PayoutDividend– Reinvest Dividendl Dividend–PayoutDividend–ReinvestDividend

Institutional Plan^ (Discontinued Plan):l Growthl Weekly DividendPayout&Reinvest l Daily Dividend ReinvestlMonthlyDividend–PayoutDividend– Reinvest Dividend

^ Note:Nofreshpurchase/additionalpurchase/switchins/STP-insshallbeacceptedintheDiscontinuedplan.However,theredemption/switchout/SystematicWithdrawalPlan(‘SWP’)/SystematicTransferPlan(‘STP’)-outunderDiscontinuedplanshallbeprocessed.


Regular and Direct Plan

Purchase Additional Purchase Repurchase Rs.1,000/-andanyamount thereafter

Rs.1,000/-andanyamountthereafter Rs.500

Institutional Plan Only redemption/switch out/ SWP/ STP - out shall be processed Rs.500Systematic Investment Plan (SIP) Rs.500/-.MonthlyandQuarterlyoptionsavailable.Systematic Withdrawal Plan (SWP) Rs.500/-.Weekly,MonthlyandQuarterlyoptionsavailable.Systematic Transfer Plan (STP) Rs.500/-.Weekly,MonthlyandQuarterlyoptionsavailable.Benchmark Index CRISIL Liquid Fund IndexDividend Policy for Continuing plan & Direct Plan

WeeklyDividend/WeeklyDividendReinvestOption–TrusteeenvisagesdeclaringweeklydividendsforUnitHoldersonrecordasontheWednesdayofeachweek.TheTrusteemayaltertheRecordDateatitsdiscretion.DailyDividendReinvestOption–Trusteeenvisagesdeclaringdailydividendsfor Unit Holders on record as on each day. “Monthly DividendOption -Trustee envisages declaringmonthly dividends for Unit holders on recordasonthe28thofeachmonthor immediatelyprecedingBusinessDay, if28th isnotaBusinessDay”.DividendOption–Trusteesenvisagesdeclar-ingdividendundertheDividendoptionandthedistributionofthedividendandthefrequencythereof isentirelyatthediscretionoftheTrustee.The dividends so declaredwill be compulsorily reinvested.Actual distribution of dividends and the frequency of distribution are provisional andwillbeentirelyatthediscretionoftheTrustee.Thereisnoassuranceorguaranteeregardingtherateofdividendorregularpaymentofdividend. IfthedividendamountpayabletoUnitholders(netoftaxdeductedatsource,whereverapplicable):(i)foranamountlessthanRs.10,000/-incaseofWeeklyDividendPayoutsub-option;(ii)foranamountequaltoorlessthanRs.250/-incaseofpayoutsuboptionsofMonthlyDividendwillbecompulsorily and automatically reinvested in the Plan by issuing additional Units of the Plan at the Applicable NAV on the next Business day after the RecordDate.Thereshallbenoloadondividendsoreinvested.Please refer to page number 8 for Dividend Policy for Discontinued Plan.

Name of the Fund Managers Mr.LaukikBagweTenure:4yearsand6months(ManagingtheSchemesinceMarch2013)Mr.KedarKarnikTenure:1year2months(ManagingtheSchemesinceJuly2016)


13

DSPBRSTF- DIRECT DSPBRSTF- REGULARCRISIL SHORT TERM BOND FUND INDEX

2.02%

8.73%

11.16

%

8.72%

9.12%

1.92%

9.71%

8.19%

10.55

%

7.96%

8.08%9.0

5%

8.78% 10

.40%

8.47% 9.1

0%

Returns

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

16.00%


DSP BLACKROCK SHORT TERM FUNDInvestment Objective Pleaserefertopagenumber9

Investment Strategy The Investment Manager will invest in those debt securities that are rated investment grade by credit rating agencies or in unrated debt securities, whichtheInvestmentManagerbelievestobeofequivalentquality.In-houseresearchbytheInvestmentManagerwillemphasizeoncreditanalysis,inordertodeterminecreditrisk.Theinvestmentprocessfollowsatopdownapproachtakingintoaccountaspectslikeinterestrateview,termstructureofinterestrates,systemicliquidity,RBI’spolicystance,inflationaryexpectations,Governmentborrowingprogram,fiscaldeficit,globalinterestrates,currencymovements,etc.


Types of Instruments Normal Allocation (% of Net Assets)

Minimum Maximum

Money market securities and/or debt securities* with residual maturity of less than or equal to 3 years

80% 100%

Debt securities* with residual maturity of greater than 3 years 0% 20%

*Debtsecuritiesmayincludesecuritiseddebtsupto50%ofthenetassets.TheweightedaveragematurityoftheSchemewillbebetween1yearand3years.Theweightedaveragematuritywillbereckonedon:(a)Maturitydateforfixedratesecurities(b)Interestresetdateorrepricingdateforfloatingratesecurities.Thecumulativegrossexposurethroughdebtsecurities,moneymarketsecurities/instrumentsandderivativeswillnotexceed100%ofthenetassetsoftheScheme.TheSchemeshallnotinvestinforeigndebtsecurities.TheSchemewillparticipateinrepoofmoneymarketandcorporatedebtsecurities.TheSchemewillnotengageinshortsellingofsecuritiesandsecuritieslendingandborrowing.

Plans and Options Regular Plan^:l Growthl Weekly Dividend Reinvestl Monthly Dividend –PayoutDividend–ReinvestDividendl Dividend –PayoutDividend–ReinvestDividend

Direct Plan:l Growthl Weekly Dividend Reinvestl Monthly Dividend –PayoutDividend–ReinvestDividendl Dividend –PayoutDividend–ReinvestDividend

^ Note:Investor(s)/UnitHolder(s)arerequestedtonotethatw.e.f.January1,2013theirexistinginvestmentsareidentified/categorizedunderRegular Plan of the scheme


Regular and Direct Plan Purchase Additional Purchase Repurchase

Rs.1,000/-andanyamountthereafter Rs.1,000/-andanyamountthereafter

Rs.500

Systematic Investment Plan (SIP) Rs.500/-.MonthlyandQuarterlyoptionsavailable

Systematic Withdrawal Plan (SWP) Rs.500/-.Weekly,MonthlyandQuarterlyoptionsavailable.Systematic Transfer Plan (STP) Rs.500/-.Weekly,MonthlyandQuarterlyoptionsavailable.Benchmark Index CRISIL Short Term Bond Fund IndexDividend Policy DividendOption-Trusteeintendstodeclareannualdividends.MonthlyDividendOption-TrusteeenvisagesdeclaringmonthlydividendsforUnitholders

onrecordasonthe28thofeachmonthorimmediatelyprecedingBusinessDay,if28thisnotaBusinessDay.WeeklyDividendReinvestOption-TrusteeenvisagesdeclaringweeklydividendsforUnitholdersonrecordasontheWednesdayofeachweek.Thedividendssodeclaredwillbecompulsorilyreinvested.TheTrusteemayaltertheRecordDateatitsdiscretion.ActualdistributionofdividendsandthefrequencyofdistributionareprovisionalandwillbeentirelyatthediscretionoftheTrustee.Thereisnoassuranceorguaranteeregardingtherateofdividendorregularpaymentofdividend.IfthedividendamountpayabletoUnitholders(netoftaxdeductedatsource,whereverapplicable)foranamountequaltoorlessthanRs.250/-incaseof payout sub options of Dividend and Monthly Dividend will be compulsorily and automatically reinvested in the respective Plan by issuing additional UnitsofthePlanattheApplicableNAVonthenextBusinessdayaftertheRecordDate.Thereshallbenoloadondividendsoreinvested.

Name of the Fund Managers Mr.LaukikBagweTenure:1year2months(ManagingtheSchemesinceJuly2016)Mr.KedarKarnikTenure:1year2months(ManagingtheSchemesinceJuly2016)

Expenses of the Scheme Entry Load Exit LoadLoad structure(asa%ofApplicableNAV)Regular and Direct Plan

Not Applicable Nil

Actual Expenses for 2016-2017- Direct Plan 0.30%



Performance of the Scheme(a) Absolute Returns (b) Compounded Annualised Returns as of August 31, 2017

PERIOD


DSPBRSTF REGULAR

PLAN

CRISIL SHORT

TERM BOND FUND INDEX

DSPBRSTF DIRECT PLAN

CRISIL SHORT

TERM BOND FUND INDEX

Last 1 Year 7.76% 8.16% 8.75% 8.16%

Last 3 Year 8.80% 9.10% 9.64% 9.10%

Last 5 Year 8.76% 9.04% NA NASince Inception 7.34% 7.25% 9.43% 9.05%NAV/ Index value (August 31) ` 28.89 2,978.48 ` 29.81 2,978.48Date of allotment 9thSeptember,2002 01stJanuary,2013

All returns are for - Growth Option. Different plans shall have a different expense structure.Sinceinceptionreturnshavebeencalculatedfromthedateofallotmenttill31August2017.Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

Returns are computed from the Date of Allotment/1st April, as the case may be,to31stMarchoftherespectivefinancialyear.


14

DSP BLACKROCK STRATEGIC BOND FUNDInvestment Objective Pleaserefertopagenumber9Investment Strategy Inlinewiththeassetallocationpattern,theInvestmentManagermayinvestinbothratedaswellasunrateddebtsecuritiesafterconductingcreditanalysis.

TheinvestmentprocessfollowsaTop-DownapproachofinvestmentbytakingintoaccountimportantfactorsaffectinginterestrateenvironmentinIndia.Someofthesefactorsaretermstructureofinterestrates,RBI’smonetarypolicystance,inflationaryexpectations,demandsupplydynamics,keyeconomicindicators,government’sfiscalpolicy,globalinterestrateenvironment,FIIflows,currencymovements,sentiment,relativespreadsamongvariousassetclassesaswellassystemicliquidity.TheschemewillfollowactiveportfoliomanagementstylebasedontheInvestmentManager’snear-termoutlookoninterestrates.Thisschemewillaimtogenerateoptimalrisk-adjustedreturnsbyperiodicallyreviewingtheinterestrateenvironmentandsuitablyrebalancingitsassetallocationaswellasportfoliodurationbasedontheInvestmentManager’snear-termoutlookoninterestrates&creditspreads.Accordingly, the weighted average maturity of the scheme could vary from short-term to long-term based on the interest rate outlook of the Investment Manager



1.Moneymarketsecuritiesand/orDebtsecurities*whichhaveresidualoraveragematurity of less than or equal to 367 days or put options within a period not exceeding 367 days

0% 100%

2.Debtsecurities*whichhaveresidualoraveragematurityofmorethan367days. 0% 100%*DebtSecuritiesmayincludesecuritiseddebtsupto75%ofthenetassets.

Plans and Options Institutional Plan (Continuing plan):•Growth•WeeklyDividend-PayoutDividend-ReinvestDividend•MonthlyDividend-PayoutDividend-ReinvestDividend•Dividend-PayoutDividend-ReinvestDividend•DailyDividendReinvest

Direct Plan:•Growth•WeeklyDividend-PayoutDividend-Reinvest

Dividend•MonthlyDividend-PayoutDividend-Reinvest

Dividend•Dividend-PayoutDividend-ReinvestDividend•DailyDividendReinvest

Regular Plan ^ (Discontinued plan):•Growth•WeeklyDividendReinvest•MonthlyDividend-ReinvestDividend•Dividend-PayoutDividend-Reinvest

Dividend•DailyDividendReinvest

^ Note: Nofreshpurchase/additionalpurchase/switchins/STP-insshallbeacceptedintheDiscontinuedplan.However,theredemption/switchout/SystematicWithdrawalPlan(‘SWP’)/SystematicTransferPlan(‘STP’)-outunderDiscontinuedplanshallbeprocessed.


Institutional and Direct Plan

Purchase Additional Purchase RepurchaseRs.1,000/-andanyamountthereafter Rs.1,000/-andanyamountthereafter Rs.500

Regular Plan Only redemption/switch out/ SWP/ STP - out shall be processed Rs.500Systematic Investment Plan (SIP) Rs.500/-.MonthlyandQuarterlyoptionsavailable.Systematic Withdrawal Plan (SWP) Rs.500/-.Weekly,MonthlyandQuarterlyoptionsavailable.Systematic Transfer Plan (STP) Rs.500/-.Weekly,MonthlyandQuarterlyoptionsavailable.Benchmark Index CRISIL Composite Bond Fund IndexDividend Policy for Continuing Plan & Direct Plan

MonthlyDividendOption–TrusteeenvisagesdeclaringmonthlydividendsforUnitholdersonrecordasonthe28thofeachmonthortheimmediatelyprecedingBusinessDay,if28thisnotaBusinessDay.TheTrusteemayaltertheRecordDateatitsdiscretion.DividendOption–TrusteeenvisagesdeclaringAnnualDividends.Weekly Dividend/WeeklyDividendReinvestOption-TrusteeenvisagesdeclaringweeklydividendsforUnitHoldersonrecordasonWednesdayofeachweek.TheTrusteemayaltertheRecordDateatitsdiscretion.Thedividendssodeclaredwillbecompulsorilyreinvested.DailyDividendReinvestOption–TrusteeenvisagesdeclaringdailydividendsforUnitHoldersonrecordasoneachday.ThedividendssodeclaredwillbecompulsorilyreinvestedbywayofadditionalUnitsintheScheme,insteadofbeingpaidoutincash.ActualdistributionofdividendsandthefrequencyofdistributionareprovisionalandwillbeentirelyatthediscretionoftheTrustee.Thereisnoassuranceorguaranteeregardingtherateofdividendorregularpaymentofdividend.IfthedividendamountpayabletoUnitholders(netoftaxdeductedatsource,whereverapplicable):(i)foranamountlessthanRs.10,000/-incaseofWeeklyDividendPayoutsub-optionundertheplan;(ii)foranamountequaltoorlessthanRs.250/- in case of payout sub options of Monthly Dividend and Dividend option will be compulsorily and automatically reinvested in the respective Plan by issuing additional UnitsofthePlanattheApplicableNAVonthenextBusinessdayaftertheRecordDate.Thereshallbenoloadondividendsoreinvested.Please refer to page number 8 for Dividend Policy for Discontinued Plan.

Name of the Fund Managers Mr.VikramChopraTenure:1year2months(ManagingtheSchemesinceJuly2016)Mr.PankajSharmaTenure:1year2months(ManagingtheSchemesinceJuly2016)

Performance of the Scheme(a) Absolute Returns

Expenses of the Scheme Entry Load Exit LoadLoad structure(asa%ofApplicableNAV)Regular,InstitutionalandDirectPlan

Not Applicable Nil

Actual Expenses for 2016-2017- Regular Plan 1.06%


- Direct Plan 0.76%


PERIOD


DSPBRSBF- INSTITUTIONAL

PLAN

CRISIL COMPOSITE BOND FUND

INDEX

DSPBRSBF- DIRECT PLAN

CRISIL COMPOSITE BOND FUND

INDEX

Last 1 Year 7.12% 9.31% 7.49% 9.31%

Last 3 Year 10.24% 11.01% 10.63% 11.01%


Since Inception 8.37% 8.69% 9.73% 9.52%

NAV/ Index value (August 31) `2,029.80 2,944.35 ` 2,063.93 2,944.35

Date of allotment 12th November, 2008 01stJanuary,2013

All returns are for -GrowthOption. Different plans shall have a different expense structure. Sinceinceptionreturnshavebeencalculatedfromthedateofallotmenttill31August2017.Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.Returns are computed from the Date of Allotment/1st April, as the case

maybe,to31stMarchoftherespectivefinancialyear.



DSPBRSBF- DIRECT DSPBRSBF- INSTITUTIONALCRISIL COMPOSITE BOND FUND INDEX

2.10%

6.59%

15.65

%

6.64%

10.80

%

1.80%

10.21

%

6.21%

15.24

%

6.27%

10.41

%

9.24%

4.32%

14.67

%

8.24%

11.09

%

Returns

0.00%2.00%4.00%6.00%8.00%

10.00%12.00%14.00%16.00%18.00%20.00%

FY13(01/Jan-28/Mar) FY13 FY14 FY15FY15 FY16 FY17

15

DSP BLACKROCK BALANCED FUNDInvestment Objective Pleaserefertopagenumber9

Investment Strategy Equity Securities:TheInvestmentManagerprefersadoptingatop-downapproachwithregardtoinvestmentinequityandequityrelatedsecurities.Thisapproachencompasses an evaluation of key economic trends, an analysis of various sectors in the economy leading to an outlook on their future prospects and a diligent study ofvariousinvestmentopportunitieswithinthefavouredsectors.TheInvestmentManagerwillconductin-houseresearchinordertoidentifybothvalueandgrowthstocks.Theanalysiswillfocus,amongotherthings,onindustryandcompanyfundamentalsandvaluationmetrics.Thequalityorstrengthofmanagementwouldbeakeyfocusarea.FixedIncome Securities:Fixedincomesecuritiesencompassbothdebtandmoneymarketsecurities.TheInvestmentManagerwillinvestonlyinthosedebtsecuritiesthatareratedinvestmentgradebyadomesticcreditratingagencysuchasCRISIL,ICRA,CAREetc.orinunrateddebtsecurities,whichtheInvestmentManagerbelievestobeofequivalentquality.Whereinvestmentinunrateddebtsecuritiesissoughttobemade,specificapprovaloftheBoardofDirectorsoftheAMCandTrusteeshallbeobtainedpriortoinvestment.FixedIncomeresearchbytheInvestmentManagerwillemphasisecreditanalysis,inordertodeterminecreditrisk.TheInvestmentManagerwillalsoanalysevariouseconomictrendsinseekingtodeterminethelikelyfuturecourseofinterestrates.



Equity and Equity related securities 65%-75%

Fixed Income Securities (Debt, Securitised Debt and Money market securities) 25%-35%

Plans and Options Regular Plan*:l Growthl Dividend - Reinvest Dividend - Payout Dividend

DIrect Plan:l Growthl Dividend - Reinvest Dividend - Payout Dividend

* Note:Investor(s)/UnitHolder(s)arerequestedtonotethatw.e.f.January1,2013theirexistinginvestmentsareidentified/categorizedunderRegularPlanofthescheme.^ThisoptionshallnotbeavailableforsubscriptionbyinvestorswitheffectfromJune1,2016


Regular and Direct Plan Purchase Additional Purchase RepurchaseRs.1,000/-andanyamountthereafter Rs.1,000/-andanyamountthereafter Rs.500/-

Systematic Investment Plan (SIP) Rs.500/-.MonthlyandQuarterlyoptionsavailable.

Systematic Withdrawal Plan (SWP) Rs.500/-.Weekly,MonthlyandQuarterlyoptionsavailable.

Systematic Transfer Plan (STP) Rs.500/-.Weekly,MonthlyandQuarterlyoptionsavailable.

Benchmark Index CRISIL Balanced Fund - Index

Dividend Policy Dividend Option - Trustee envisages declaring dividend under this option and the distribution of dividends and the frequency thereof are entirely at thediscretionoftheTrustee.QuarterlyDividendOption-TrusteeenvisagesdeclaringquarterlydividendsforUnitholdersonrecorddatei.e.asonthe28thofeachquarterofthefinancialyearorimmediatelyprecedingBusinessDay,if28thisnotaBusinessDay.TheTrustee,initssolediscretion,mayalsodeclareinterimdividends.TheTrusteemayaltertheRecordDateatitsdiscretion.ActualdistributionofdividendsandthefrequencyofdistributionareprovisionalandwillbeentirelyatthediscretionoftheTrustee.Thereisnoassuranceorguaranteeregardingtherateofdividendorregularpaymentofdividend.IfthedividendamountpayabletoUnitholders(netoftaxdeductedatsource,whereverapplicable)foranamountequaltoor lessthanRs.250/- incaseofpayoutsuboptionsofDividendandQuarterlyDividend will be compulsorily and automatically reinvested in the respective Plan by issuing additional Units of the Plan at the Applicable NAV on the nextBusinessdayaftertheRecordDate.Thereshallbenoloadondividendsoreinvested.

Name of the Fund Managers Mr.AtulBhole(EquityPortion)Tenure:1year3months(ManagingtheSchemefromJune2016)Mr.VikramChopraTenure:1year2months(ManagingtheSchemesinceJuly2016)Mr.PankajSharmaTenure:1year2months(ManagingtheSchemesinceJuly2016)


Load structure(asa%ofApplicableNAV)Regular and Direct Plan

Not Applicable

HoldingPeriod:<12months:1%~Holding Period: >= 12 months: Nil~Iftheunitsredeemedorswitchedoutareupto10%oftheunits(thelimit)purchasedorswitched:Nil.

Actual Expenses for 2016-2017- Direct Plan 1.36%



PERIOD


DSPBRBalF REGULAR

PLAN

CRISIL BALANCED FUND

AGGRESSIVE INDEX

DSPBRBalF DIRECT PLAN

CRISIL BALANCED FUND

AGGRESSIVE INDEX

Last 1 Year 12.69% 11.78% 14.00% 11.78%

Last 3 Year 15.13% 9.02% 16.16% 9.02%Last 5 Year 16.96% 12.38% NA NASince Inception 15.57% NA 16.03% 11.11%NAV/ Index value (August 31) `140.85 6,298.93 ` 145.99 6,298.93Date of allotment 27thMay,1999 01stJanuary,2013

All returns are for -GrowthOption.Differentplans shall haveadifferent expense structure. Sinceinceptionreturnshavebeencalculatedfromthedateofallotmenttill31August2017.Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.Returns are computed from the Date of Allotment/1st April, as the case may be, to 31st

Marchoftherespectivefinancialyear.

(a) Absolute Returns (b) Compounded Annualised Returns as of August 31, 2017Performance of the Scheme


DSPBRBalF- DIRECT DSPBRBalF- REGULARCRISIL BALANCED FUND - AGGRESSIVE INDEX

-8.46

%

12.62

%

44.35

%

0.11%

24.62

%

-2.32

%

2.06%

12.02

%

43.48

%

-0.67

%

23.39

%

8.18% 13

.40% 22

.53%

-2.90

%

16.10

%

Returns

-30.00%-20.00%-10.00%

0.00%10.00%20.00%30.00%40.00%50.00%60.00%


16


DSP BLACKROCK EQUITY FUNDInvestment Objective Pleaserefertopagenumber9Investment Strategy TheInvestmentManagerprefersadoptingatop-downapproachwithregardtoinvestmentinequityandequityrelatedsecurities.Thisapproachencompasses

an evaluation of key economic trends, an analysis of various sectors in the economy leading to an outlook on their future prospects and a diligent study ofvariousinvestmentopportunitieswithinthefavouredsectors.TheInvestmentManagerwillconductin-houseresearchinordertoidentifybothvalueandgrowthstocks.Theanalysiswillfocus,amongotherthings,onindustryandcompanyfundamentalsandvaluationmetrics.Thequalityorstrengthormanagementwouldbeakeyfocusarea.



Equity and Equity related securities 90%-100%

Debt*&Moneymarketsecurities*Debtsecurities/instrumentsaredeemedtoincludesecuritiseddebts.

0%-10%

Plans and Options Regular Plan(Continuing plan): l Growthl Dividend–PayoutDividend–Reinvest

Dividend

Direct Plan:l Growthl Dividend–PayoutDividend–Reinvest

Dividend

Institutional Plan^ (Discontinued plan):l Growthl Dividend–PayoutDividend–ReinvestDividend

^ Note:Nofreshpurchase/additionalpurchase/switchins/STP-insshallbeacceptedintheDiscontinuedplan.However,theredemption/switchout/SystematicWithdrawalPlan(‘SWP’)/SystematicTransferPlan(‘STP’)-outunderDiscontinuedplanshallbeprocessed.


Regular and Direct Plan Purchase Additional Purchase RepurchaseRs.1,000/-andanyamount thereafter


Institutional Plan Only redemption/switch out/ SWP/ STP - out shall be processed Rs.500



Systematic Transfer Plan (STP) Rs.500/-.Weekly,MonthlyandQuarterlyoptionsavailable.Benchmark Index Nifty 500 IndexDividend Policy for Continuing Plan & Direct Plan

The Trustee envisages declaring a dividend under the Dividend Option, and the distribution of dividends and the frequency thereof are entirely at thediscretionoftheTrustee.IfthedividendamountpayabletoUnitholders(netoftaxdeductedatsource,whereverapplicableforanamountequaltoorlessthanRs.250/-incaseofpayoutsuboptionsofDividendoptionwillbecompulsorilyandautomaticallyreinvestedintherespectivePlan.Thereshallbenoloadondividendsoreinvested.Please refer to page number 8 for Dividend Policy for Discontinued Plan.

Name of the Fund Manager Mr.AtulBholeTenure:1year3months(ManagingtheSchemefromJune2016)

Expenses of the Scheme Entry Load Exit LoadLoad structure(asa%ofApplicableNAV)Regular, Institutional and Direct Plan

Not Applicable HoldingPeriod:<12months:1%;>=12months:Nil



- Direct Plan 1.63%


AllreturnsareforDividend-Re-investOption.Differentplansshallhaveadifferentexpensestructure.Since inception returns have been calculated from the date of allotment till 31August 2017.Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

PERIOD


DSPBREF REGULAR

PLAN - DIVIDEND REINVEST

NIFTY 500

DSPBREF DIRECT PLAN -

DIVIDEND REINVEST

NIFTY 500

Last 1 Year 16.31% 16.08% 17.09% 16.08%

Last 3 Year 13.33% 10.94% 14.07% 10.94%Last 5 Year 18.43% 16.05% NA NASince Inception 20.70% 13.24% 16.55% 13.65%NAV/ Index value (August 31) `60.97 8,694.95 ` 36.88 8,694.95Date of allotment 29thApril,1997 01stJanuary,2013

Returns are computed from the Date of Allotment/1st April, as the case may be, to31stMarchoftherespectivefinancialyear.

(a) Absolute Returns (b) Compounded Annualised Returns as of August 31, 2017

DSPBlackRockEquityFund(DSPBREF)whichisbenchmarkedtotheNifty500Index,arenotsponsored,endorsed,soldorpromotedbyIndiaIndexServices&productsLimited(IISL).IISLisnotresponsible 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 of whatsoever nature (including lostprofits)resultedtosuchpartyduetopurchaseorsaleorotherwise,DSPBREFmarkedtosuchindex.

DSPBREF- DIRECT DSPBREF- REGULARNIFTY 500 INDEX

18.57

%

51.20

%

27.57

%

-0.04

%

17.91

%

50.33

%

26.69

%

5.13%

17.72

%

33.56

%

23.91

%

-30.00%-20.00%-10.00%

0.00%10.00%20.00%30.00%40.00%50.00%

60.00%70.00%Returns


-11.84

%-7.

27%

-8.27

%-8.

85%

-7.54

%

17


DSP BLACKROCK TOP 100 EQUITY FUND

Investment Objective Pleaserefertopagenumber9

Investment Strategy TheInvestmentManagerwillbeadoptingacombinationofthetopdownapproachandbottomupstockselectionapproach.Topdownapproachencompassesan evaluation of key economic trends, an analysis of various sectors in the economy leading to an outlook on their future prospects and a diligent study ofvariousinvestmentopportunitieswithinthefavouredsectors.Bottomupstockselectionwillinvolvepickingoutindividualinvestmentopportunitiesfortheportfolio,amongtheTop100corporateseligibleforinvestment.TheInvestmentManagerwillconductin-houseresearchinordertoidentifybothvalueandgrowthstocks.Theanalysiswillfocus,amongotherthings,onindustryandcompanyfundamentalsandvaluationmetrics.Thequalityorstrengthormanagementwouldbeakeyfocusarea.



1.EquityandEquityrelatedsecurities 90%-100%

2.Debt,SecuritisedDebtandMoneymarketsecurities 0%-10%

Plans and Options Regular Plan(Continuing plan): l Growthl Dividend–PayoutDividend–Reinvest

Dividend

Direct Plan:l Growthl Dividend–PayoutDividend–Reinvest

Dividend

Institutional Plan* (Discontinued plan):l Growthl Dividend–PayoutDividend–ReinvestDividend

* Note:Nofreshpurchase/additionalpurchase/switchins/STP-insshallbeacceptedintheDiscontinuedplan.However,theredemption/switchout/SystematicWithdrawalPlan(‘SWP’)/SystematicTransferPlan(‘STP’)-outunderDiscontinuedplanshallbeprocessed.


Regular and Direct Plan Purchase Additional Purchase RepurchaseRs.1,000/-andanyamountthereafter


Institutional Plan Only redemption/switch out/ SWP/ STP - out shall be processed Rs.500



Systematic Transfer Plan (STP) Rs.500/-.Weekly,MonthlyandQuarterlyoptionsavailable.Benchmark Index S&PBSE100Dividend Policy for Continuing Plan & Direct Plan

The Trustee envisages declaring a dividend under the Dividend Option, and the distribution of dividends and the frequency thereof are entirely at thediscretionoftheTrustee.

IfthedividendamountpayabletoUnitholders(netoftaxdeductedatsource,whereverapplicableforanamountequaltoorlessthanRs.250/-incaseofpayoutsuboptionsofDividendoptionwillbecompulsorilyandautomaticallyreinvestedintherespectivePlan.Thereshallbenoloadondividendsoreinvested.Please refer to page number 8 for Dividend Policy for Discontinued Plan.

Name of the Fund Manager Mr.HarishZaveriTenure:2years2months(ManagingtheSchemefromJuly2015.)

Expenses of the Scheme Entry Load Exit LoadLoad structure(as a % of Applicable NAV)Regular, Institutional and Direct Plan





- Direct Plan 1.59%


All returnsare for -GrowthOption.Differentplans shall haveadifferentexpense structure. Sinceinceptionreturnshavebeencalculatedfromthedateofallotmenttill31August2017.Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

PERIOD


DSPBRTEF REGULAR

PLAN

S & PBSE 100

DSPBRTEF DIRECT PLAN

S & PBSE 100

Last 1 Year 11.97% 14.34% 12.76% 14.34%

Last 3 Year 10.13% 8.73% 10.85% 8.73%Last 5 Year 15.03% 14.45% NA NASince Inception 22.80% 18.36% 13.33% 12.20%NAV/ Index value (August 31) `196.01 10,315.16 `201.65 10,315.16Date of allotment 10th March, 2003 01stJanuary,2013


TheS&PBSE100,S&PBSE200,S&PBSESmallCap,S&PBSETeck,S&PBSEMetals&S&PBSEOilandGasareproductofAsiaIndexPrivateLimited,whichisajointventureofS&PDowJonesIndicesLLCoritsaffiliates(“SPDJI”)andBSE,andhasbeenlicensedforusebyDSPBlackRockInvestmentManagersPvt.Ltd.Standard&Poor’s®andS&P®areregisteredtrademarksofStandard&Poor’sFinancialServicesLLC(“S&P”);BSE®isaregisteredtrademarkofBSELimited(“BSE”);andDowJones®isaregisteredtrademarkofDowJonesTrademarkHoldingsLLC(“DowJones”).©AsiaIndexPrivateLimited2014.Allrightsreserved


DSPBRTEF- Direct DSPBRTEF- RegularS&P BSE 100 Index

16.30

%

37.62

%

23.13

%

2.64%

15.67

%

36.87

%

22.28

%

6.84%

18.11

% 28.32

%

21.17

%

Returns

-30.00%-20.00%-10.00%

0.00%10.00%20.00%30.00%40.00%50.00%60.00%


-9.10

%-5.

81%

-8.79

%-9.

35%

-8.96

%

18


DSP BLACKROCK OPPORTUNITIES FUNDInvestment Objective Pleaserefertopagenumber9Investment Strategy TheInvestmentManagerprefersadoptingatop-downapproachwithregardtoinvestmentinequityandequityrelatedsecurities.Thisapproachencompasses

an evaluation of key economic trends, an analysis of various sectors in the economy leading to an outlook on their future prospects and a diligent study ofvariousinvestmentopportunitieswithinthefavouredsectors.TheInvestmentManagerwillconductin-houseresearchinordertoidentifybothvalueandgrowthstocks.Theanalysiswillfocus,amongotherthings,onindustryandcompanyfundamentalsandvaluationmetrics.Thequalityorstrengthormanagementwouldbeakeyfocusarea.



1.EquityandEquityrelatedsecurities 80%-100%

2.FixedIncomesecurities(Debt*&Moneymarketsecurities) 0%-20%

*Debtsecurities/instrumentsaredeemedtoincludesecuritiseddebts.

Plans and Options Regular Plan(Continuing plan): l Growthl Dividend–PayoutDividend–ReinvestDividend

Direct Plan:l Growthl Dividend–PayoutDividend–ReinvestDividend


Regular and Direct Plan Purchase Additional Purchase RepurchaseRs.1,000/-andanyamountthereafter




Systematic Transfer Plan (STP) Rs.500/-.Weekly,MonthlyandQuarterlyoptionsavailable.Benchmark Index Nifty 500 IndexDividend Policy for Continuing Plan & Direct Plan

The Trustee envisages declaring a dividend under the Dividend Option, and the distribution of dividends and the frequency thereof are entirely at thediscretionoftheTrustee.IfthedividendamountpayabletoUnitholders(netoftaxdeductedatsource,whereverapplicableforanamountequaltoorlessthanRs.250/-incaseofpayoutsuboptionsofDividendoptionwillbecompulsorilyandautomaticallyreinvestedintherespectivePlan.Thereshallbenoloadondividendsoreinvested.

Name of the Fund Manager Mr.RohitSinghaniaTenure:2yearsand3months(ManagingtheSchemesinceJune2015)




- Direct Plan 1.60%



PERIOD


DSPBROF REGULAR

PLANNIFTY 500

DSPBROF DIRECT PLAN

NIFTY 500

Last 1 Year 19.36% 16.08% 20.70% 16.08%

Last 3 Year 17.77% 10.94% 18.73% 10.94%Last 5 Year 22.11% 16.05% NA NASince Inception 19.20% 13.73% 20.18% 13.65%NAV/ Index value (August 31) `208.85 8,694.95 ` 215.91 8,694.95Date of allotment 16th May, 2000 01stJanuary,2013



DSPBlackRockOpportunitiesFund(DSPBROF)whichisbenchmarkedtotheNifty500Index,arenotsponsored,endorsed,soldorpromotedbyIndiaIndexServices&productsLimited(IISL).IISLisnot 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 of whatsoever nature (including lostprofits)resultedtosuchpartyduetopurchaseorsaleorotherwise,DSPBROFmarkedtosuchindex.

DSPBROF- DIRECTDSPBROF- REGULARNIFTY 500 INDEX

21.08

%

48.23

%

32.81

%

7.61%

20.44

%

47.45

%

31.52

%

5.13%

17.72

%

33.56

%

23.91

%

Returns

-30.00%

-20.00%

-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%


-8.24

%-7.

27%

-2.03

%-2.

69%

-7.54

%

19


DSP BLACKROCK SMALL AND MID CAP FUND


Investment StrategyTheInvestmentManagerwillselectequitysecuritiesonabottom-up,stock-by-stockbasis.TheInvestmentManagerwillconductin-houseresearchinordertoidentifybothvalueandgrowthstocks.Theanalysiswillfocus,amongotherthings,onindustryandcompanyfundamentalsandvaluationmetrics.Thequalityorstrengthormanagementwouldbeakeyfocusarea.



1.(a)Equityandequityrelatedsecuritieswhicharenotpartofthetop100stocksbymarketcapitalisation 65%-100%

(b) Equity and equity related securities which are in the top 100 stocks by market capitalisation 0%-35%

of1(a)&(b)above,investmentsinADRs,GDRsandforeignsecurities 0%-25%

2.DebtandMoneyMarketSecurities 0%-10%

Plans and Options Regular Plan(Continuing plan): l Growthl Dividend–PayoutDividend–ReinvestDividend



Regular and Direct Plan Purchase Additional Purchase Repurchase

Rs.1,000/-andanyamountthereafter




Systematic Transfer Plan (STP) Rs.500/-.Weekly,MonthlyandQuarterlyoptionsavailable.Benchmark Index Nifty Free Float Midcap 100 IndexDividend Policy for Continuing Plan & Direct Plan

The Trustee envisages declaring a dividend under the Dividend Option, and the distribution of dividends and the frequency thereof are entirely at thediscretionoftheTrustee.

IfthedividendamountpayabletoUnitholders(netoftaxdeductedatsource,whereverapplicableforanamountequaltoorlessthanRs.250/-incaseofpayoutsuboptionsofDividendoptionwillbecompulsorilyandautomaticallyreinvestedintherespectivePlan.Thereshallbenoloadondividendsoreinvested.

Name of the Fund Manager Mr.VinitSambreTenure-5years2months(ManagingtheSchemesinceinceptionoftheSchemei.e.fromJuly2012.)




- Direct Plan 1.67%


All returnsare for -GrowthOption.Differentplans shallhaveadifferentexpense structure. Sinceinceptionreturnshavebeencalculatedfromthedateofallotmenttill31August2017.Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

PERIOD


DSPBRSMF REGULAR

PLAN

NIFTYFREE FLOATMIDCAP 100

DSPBRSMF DIRECT PLAN

NIFTYFREE FLOATMIDCAP 100

Last 1 Year 17.43% 18.91% 18.47% 18.91%Last 3 Year 20.94% 17.96% 21.85% 17.96%Last 5 Year 25.34% 20.92% NA NASince Inception 16.45% 12.70% 22.97% 17.53%NAV/ Index value (August 31) `51.82 18,277.45 ` 53.53 18,277.45Date of allotment 14th November, 2006 01stJanuary,2013



DSPBlackRockSmall&MidCapFund(DSPBRSMF)whichisbenchmarkedtotheNifty500Index,arenotsponsored,endorsed,soldorpromotedbyIndiaIndexServices&productsLimited(IISL).IISLisnot 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 of whatsoever nature (including lostprofits)resultedtosuchpartyduetopurchaseorsaleorotherwise,DSPBRSMFmarkedtosuchindex.

DSPBRSMF- DirectDSPBRSMF- RegularNifty Free Float Midcap 100

27.09

%

65.99

%

40.68

%

1.62%

26.34

%

64.86

%

39.54

%

16.36

%

50.96

%

34.85

%

Returns

-40.00%-30.00%-20.00%-10.00%

0.00%10.00%20.00%30.00%40.00%50.00%60.00%70.00%80.00%90.00%

100.00%


-15.21

%-13

.96% -4.02

%

-1.18

%-1.

84%

-1.91

%

20

DSPBRTSF- DirectDSPBRTSF- RegularNIFTY 500 Index

23.26

%

51.25

%

31.93

%

10.47

% 22.66

%

50.32

%

30.67

%

5.13%

17.72

%

33.56

%

23.91

%

-25.00%

-15.00%

-5.00%

5.00%

15.00%

25.00%

35.00%

45.00%

55.00%

65.00%


-8.84

%-7

.27%

-2.10

%-2

.65%

-2.65

%-7

.54%

Returns


DSP BLACKROCK TAX SAVER FUND


Investment StrategyTheInvestmentManagerwillselectequitysecuritiesonabottom-up,stock-by-stockbasis.TheInvestmentManagerwillconductin-houseresearchinordertoidentifybothvalueandgrowthstocks.Theanalysiswillfocus,amongotherthings,onindustryandcompanyfundamentalsandvaluationmetrics.Thequalityorstrengthormanagementwouldbeakeyfocusarea.



1.Equityandequityrelatedsecurities 80%-100%

of 1 above, investments in ADRs, GDRs and foreign securities 0%-20%

2.Debt,securitiseddebt*andmoneymarketsecurities 0%-20%

*Exposuretosecuritiseddebtwillnotexceed10%ofthenetassetsoftheScheme.

Plans and Options Regular Plan^: l Growthl Dividend–PayoutDividend

Direct Plan:l Growthl Dividend–PayoutDividend

^ Note:Investor(s)/UnitHolder(s)arerequestedtonotethatw.e.f.January1,2013theirexistinginvestmentsareidentified/categorizedunderRegularPlan of the scheme


Regular and Direct Plan

Purchase Additional Purchase Repurchase

Rs.500/-andanyamountthereafter

Rs.500/-andanyamountthereafter Rs.500/- (subjecttocompletionofthe3yearLock-inPeriod).


Systematic Withdrawal Plan (SWP) Rs.500/-.Weekly,MonthlyandQuarterlyoptionsavailable(subjecttocompletionofthe3yearLock-inPeriod).

Systematic Transfer Plan (STP) Rs.500/-.Weekly,MonthlyandQuarterlyoptionsavailable(subjecttocompletionofthe3yearLock-inPeriod).

Benchmark Index Nifty 500 Index

Dividend Policy The Trustee envisages declaring a dividend under the Dividend Option, and the distribution of dividends and the frequency thereof are entirely at thediscretionoftheTrustee.

Name of the Fund Manager Mr.RohitSinghaniaTenure:2years2months(ManagingtheSchemesinceinceptionoftheSchemei.e.July2015)


NA NA


- Direct Plan 1.41%


All returnsare for -GrowthOption.Differentplans shallhaveadifferentexpense structure. Sinceinceptionreturnshavebeencalculatedfromthedateofallotmenttill31August2017.Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

PERIOD


DSPBRTSF REGULAR

PLANNIFTY 500

DSPBRTSF DIRECT PLAN

NIFTY 500

Last 1 Year 17.35% 16.08% 18.83% 16.08%Last 3 Year 16.66% 10.94% 17.60% 10.94%Last 5 Year 22.55% 16.05% NA NASince Inception 15.12% 9.19% 20.69% 13.65%NAV/ Index value (August 31) `44.65 8,694.95 ` 45.96 8,694.95Date of allotment 18thJanuary,2007 01stJanuary,2013



DSPBlackRockTaxSaverFund(DSPBRTSF)whichisbenchmarkedtotheNifty500Index,arenotsponsored,endorsed,soldorpromotedbyIndiaIndexServices&productsLimited(IISL).IISLisnotresponsible 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 of whatsoever nature (including lostprofits)resultedtosuchpartyduetopurchaseorsaleorotherwise,DSPBRTSFmarkedtosuchindex.

21

DSP BLACKROCK MICRO CAP FUNDInvestment Objective Pleaserefertopagenumber9

Investment Strategy

TheInvestmentManagerwilluseadisciplinedquantitativeanalysisoffinancialoperatingstatistics.Inpickingoutindividualinvestmentopportunitiesfortheportfolio,amongthedefineduniverseeligibleforinvestment,theInvestmentManagerwillseekbothvalueandgrowth.ValueisdiscernedwhentheInvestmentManagerbelievesthatthelongtermgrowthpotentialofacompanyisnotfullyreflectedinthemarketpriceofthecompany’ssecuritiesandwhich potential it seeks to better every year capitalising on its various strengths, which could mean strong brand equity, growing market share, strong managementandtechnologicalexcellence,amongothers.FordetailednoteonInvestmentStrategy,pleaserefertheSID.



1.(a)Equityandequityrelatedsecuritieswhicharenotpartofthetop300stocksbymarketcapitalization 65% 100%1.(b)Equityandequityrelatedsecuritieswhichareinthetop300stocksbymarketcapitalization 0% 35%Of1(a)&(b)above,investmentinADRs,GDRsandforeignsecurities 0% 25%2.Debt*andMoneyMarketSecurities 0% 35%*Debtsecuritiesmayincludesecuritizeddebtupto10%ofnetassetsoftheScheme

Plans and Options Regular Plan: l Growthl Dividend–PayoutDividend–ReinvestDividend



Regular and Direct Plan Purchase Additional Purchase RepurchaseRs.1,000/-andanyamountthereafter Rs.1,000/-andanyamount

thereafterRs.500

Systematic Investment Plan (SIP) Rs.500/-.MonthlyandQuarterlyoptionsavailable.Systematic Withdrawal Plan (SWP) Rs.500/-.Weekly,MonthlyandQuarterlyoptionsavailableSystematic Transfer Plan (STP) Rs.500/-.Weekly,MonthlyandQuarterlyoptionsavailableBenchmark Index S&PBSESmallCapIndexDividend Policy The Trustee envisages declaring dividend under the Dividend Option, and the distribution of dividends and the frequency thereof are entirely at

thediscretionoftheTrustee.IfthedividendamountpayabletoUnitholders(netoftaxdeductedatsource,whereverapplicableforanamountequaltoorlessthanRs.250/-incaseofpayoutsuboptionsofDividendoptionwillbecompulsorilyandautomaticallyreinvestedintherespectivePlan.Thereshallbenoloadondividendsoreinvested.

Name of the Fund Managers Mr.VinitSambre-Tenure - 4yearsand6months(ManagingtheSchemesinceJune2010)Mr.JayKothari-Tenure - 4 years and 6 months (Managing the Scheme since March 2013)

Temporary restriction for sub-scription of units

With effect from February 20, 2017, the following transactions shall be temporarily suspended into the Scheme:1. Allsubscription/switch-inapplication(s)intheSchemeand/orregistrationofnewSystematicInvestmentPlan(‘SIP’),SystematicTransferPlan(‘STP’),

DividendTransferPlan(‘DTP’)intheScheme.2. TheSchemewillcontinuetoallotunitsforsubscriptiontransactionspursuanttoSIP,STP,DividendTransferPlan,SuperSIPfacilitiesregisteredpriorto

theeffectivedateandpursuanttodeclarationofdividendunderthedividendreinvestmentoptionofferedundertheScheme.Thesuspensionofaforesaidtransactionswillcontinuetillfurthernotice.

TheS&PBSE100,S&PBSE200,S&PBSESmallCap,S&PBSETeck,S&PBSEMetals,S&PBSEOilandGas&S&PBSESENSEXareproductofAsiaIndexPrivateLimited,whichisajointventureofS&PDowJonesIndicesLLCoritsaffiliates(“SPDJI”)andBSE,andhasbeenlicensedforusebyDSPBlackRockInvestmentManagersPvt.Ltd.Standard&Poor’s®andS&P®areregisteredtrademarksofStandard&Poor’sFinancialServicesLLC(“S&P”);BSE®isaregisteredtrademarkofBSELimited(“BSE”);andDowJones®isaregisteredtrademarkofDowJonesTrademarkHoldingsLLC(“DowJones”).©AsiaIndexPrivateLimited2014.Allrightsreserved



Load structure(asa%ofApplicableNAV)Regular, Institutional and Direct Plan


Actual Expenses for 2016-2017- Regular Plan 2.51%- Direct Plan 1.86%Recurring Expenses Please refer to page number 8


PERIOD


DSPBRMCF REGULAR

PLAN

S & PBSE SMALL

CAP

DSPBRMCF DIRECT PLAN

S & PBSE SMALL

CAP

Last 1 Year 16.29% 26.43% 16.92% 26.43%Last 3 Year 26.02% 15.86% 26.85% 15.86%Last 5 Year 30.89% 20.11% NA NASince Inception 19.05% 7.94% 30.62% 17.78%NAV/ Index value (August 31) `59.43 15,991.63 ` 61.27 15,991.63Date of allotment 14thJune,2007 01stJanuary,2013



DSPBRMCF- DIRECTDSPBRMCF- REGULARS&P BSE SMALL CAP INDEX

-15.7

0%

35.99

%

99.18

%

3.93%

42.50

%

-22.1

2%

-0.82

%

35.14

%

97.83

%

3.18%

41.54

%

-12.4

4%

21.83

%

53.99

%

-3.20

%

36.92

%

FY13(01/Jan-28/Mar) FY13 FY14 FY15 FY16 FY17-60.00%

-40.00%

-20.00%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

120.00%

140.00%Returns

22

DSPBRF25F- DIRECTDSPBRF25F- REGULARS&P BSE 200

-10.2

4%

13.54

%

56.67

%

-6.45

%

24.69

%

-6.47

%

3.91% 12

.95%

55.66

%

-7.07

%

23.80

%

6.03%

17.19

% 31.93

%

-7.86

%

22.47

%

-30.00%-20.00%-10.00%

0.00%10.00%20.00%30.00%40.00%50.00%60.00%70.00%80.00%Returns


DSP BLACKROCK FOCUS 25 FUND


Investment Strategy

TheSchemewillhavea“non-diversified”portfolioandwillinvestprimarilyinthecommonstocksofcompaniesthatareselectedfortheirgrowthpotentialandwhicharevaluedatareasonableprice.TheFundManagerwilluseacombinationoftop-downandbottom-upanalysistoidentifysectorandstockweightagesintheportfolio.Topdownanalysisinvolvesananalysisofthemacro-environmentinordertounderstandthebusinesscyclethatvarioussectorsareexposedto.Italsoinvolvesunderstandingsectortrendssuchasscaleofopportunity,pricingpower,volumechanges,governmentpolicy,internationaltrendsetc.Bottom-upanalysisinvolvesananalysisofcompanyspecificfactorssuchassize,competitiveposition,scalability,managementquality,operationalefficiency,financialparameters,valuation,etc.TheFundManagerwillalsoconsidertheprevailingstockmarketconditionsintheoverallportfolioconstructionprocess.

The Fund Manager will invest only in those debt securities that are rated investment grade by a domestic credit rating agency such as CRISIL, ICRA, CARE, FITCHetc.orinunrateddebtsecuritieswhichtheFundManagerbelievestobeofequivalentquality.Inthecaseofunrateddebtsecurities,theapprovaloftheBoardofDirectorsoftheAMCandTrusteeshallbeobtainedpriortoinvestment.



Minimum Maximum1(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 capitalisation 0% 20%

Of 1(a) and 1(b) above, investments in ADRs, GDRs and foreign securities 0% 25%

2.Debtsecurities,MoneyMarketSecuritiesandCash&CashEquivalent 0% 35%

*Theportfoliowilllargelyconsistofcompanies,whichareamongstthetop200companiesbymarketcapitalisation.Theportfoliowilllimitexposuretocompaniesbeyondthetop200companiesbymarketcapitalizationto20%ofthenetassetvalue.TheSchemewillalsohaveatleast95%oftheinvestedamount(excludinginvestmentsindebtsecurities,moneymarketsecuritiesandcashandcashequivalents)acrossthetop25holdingsintheportfolio.

Plans and Options Regular Plan^: l Growthl Dividend–PayoutDividend–ReinvestDividend


^ Note:Investor(s)/UnitHolder(s)arerequestedtonotethatw.e.f.January1,2013theirexistinginvestmentsareidentified/categorizedunderRegularPlan of the scheme


Regular and Direct Plan Purchase Additional Purchase RepurchaseRs.1,000/-andanyamount thereafter


Systematic Investment Plan (SIP) Rs.500/-.MonthlyandQuarterlyoptionsavailable

Systematic Withdrawal Plan (SWP) Rs.500/-.Weekly,MonthlyandQuarterlyoptionsavailable

Systematic Transfer Plan (STP) Rs.500/-.Weekly,MonthlyandQuarterlyoptionsavailable

Benchmark Index S&PBSE200

Dividend Policy The Trustee envisages declaring dividend under the Dividend Option, and the distribution of dividends and the frequency thereof are entirely at the discretionoftheTrustee.IfthedividendamountpayabletoUnitholders(netoftaxdeductedatsource,whereverapplicable)foranamountequaltoorlessthanRs.250/-incaseofpayoutsuboptionsofDividendandMonthlyDividendwillbecompulsorilyandautomaticallyreinvestedintherespectivePlan.Thereshallbenoloadondividendsoreinvested.

Name of the Fund Managers Mr.HarrishZaveri-Tenure - 2 years and 8 months (Managing the Scheme December 2014)Mr.JayKothari(DedicatedFundManagerforoverseasinvestments)-Tenure - 4 years and 6 months (Managing the Scheme since March 2013)





- Direct Plan 1.76%



PERIOD


DSPBRF25F REGULAR

PLAN

S & P BSE 200

DSPBRF25F DIRECT PLAN

S & PBSE 200

Last 1 Year 11.80% 15.02% 12.66% 15.02%Last 3 Year 14.51% 10.22% 15.31% 10.22%Last 5 Year 18.96% 15.32% NA NASince Inception 11.47% 10.15% 16.12% 13.04%NAV/ Index value (August 31) `21.92 4,334.58 ` 22.59 4,334.58Date of allotment 10thJune,2010 01stJanuary,2013



TheS&PBSE100,S&PBSE200,S&PBSESmallCap,S&PBSETeck,S&PBSEMetals,S&PBSEOilandGas&S&PBSESENSEXareproductofAsiaIndexPrivateLimited,whichisajointventureofS&PDowJonesIndicesLLCoritsaffiliates(“SPDJI”)andBSE,andhasbeenlicensedforusebyDSPBlackRockInvestmentManagersPvt.Ltd.Standard&Poor’s®andS&P®areregisteredtrademarksofStandard&Poor’sFinancialServicesLLC(“S&P”);BSE®isaregisteredtrademarkofBSELimited(“BSE”);andDowJones®isaregisteredtrademarkofDowJonesTrademarkHoldingsLLC(“DowJones”).©AsiaIndexPrivateLimited2014.Allrightsreserved

23

READY RECKONER

Schemes(Cheque in the name of) Plan Options Sub Options

Minimum Investment Amount#

Minimum Additional Purchase#

Inco

me

Sche

mes

DSP BlackRock Short Term Fund Regular and Direct Plan

Growth *DividendMonthly DividendWeekly Dividend

-Payout *Payout *-

Reinvest ReinvestReinvest

1,000 1,000

DSP BlackRock Money Manager Fund Regular and Direct Plan

Growth * DividendWeekly Dividend Daily DividendMonthly Dividend

- Payout *Payout *-Payout*

ReinvestReinvestReinvestReinvest

1,000 1,000

DSP BlackRock Strategic Bond Fund

Institutional and Direct Plan

Growth *DividendWeekly Dividend Monthly DividendDaily Dividend

-Payout *Payout *Payout *

ReinvestReinvestReinvestReinvest

1,000 1,000

DSP BlackRock Income Opportunities Fund Regular and Direct Plan

Growth *DividendDaily DividendWeekly DividendMonthly DividendQuarterly Dividend

-Payout *-Payout *Payout *Payout *

ReinvestReinvestReinvestReinvestReinvest

1,000 1,000

Equi

ty S

chem

es

DSP BlackRock Equity Fund Regular and Direct Plan Growth*

Dividend-Payout * Reinvest 1,000 1,000

DSP BlackRock Opportunities Fund Regular and Direct Plan Growth *


DSP BlackRock Top 100 Equity Fund Regular and Direct Plan Growth *


DSP BlackRockTax Saver Fund% Regular and Direct Plan Growth *

Dividend-Payout * 500 500

DSP BlackRock Focus 25 Fund Regular and Direct Plan Growth *


DSP BlackRock Micro Cap Fund Regular and Direct Plan Growth *


DSP BlackRock Small and Mid Cap Fund Regular and Direct Plan Growth *


Hyb

rid

Sche

mes

DSP BlackRock Balanced Fund Regular and Direct Plan Growth *

Dividend

-Payout *Payout *

ReinvestReinvest

1,000 1,000

%TheReinvestdividendsub-optionisdiscontinuedwitheffectfromFebruary6,2015.*Incasetheinvestordoesnotfilltheplan/option/sub-optionproperlyandclearlyorincaseofincompletedetails,nonclarityorambiguity,defaultoptionswillbeconsideredandapplied.ThedefaultplanundertheSchemewillbetheContinuingplanthereundertheScheme.#Anyamountthereafter.

24

Taxation

(Theinformationisprovidedforgeneralinformationonly.However,inviewoftheindividualnatureoftheimplications,eachinvestorisadvisedtoconsulthisorherowntaxadvisors/authorizeddealerswithrespecttothespecificamountoftaxandotherimplicationsarisingoutofhisorherparticipationintheSchemes.)

I. Income Tax Rates and Withholding Rates (TDS)

Category of units Tax Rates* under the Act TDS Rates* under the Act

Residents NRI/PIOs & Other Non- resident other then FII/FPI

FIIs/FPIs Residents NRI/PIOs & Other Non- resident other then FII/FPI

FIIs/FPIs

Short Term Capital Gains

Units of a non-equity oriented Scheme

Taxable at normal rates of tax applicable to the assessee

In respect of non-resident non-corporate Taxable at normal rates of tax applicable totheassessee.Inrespectofnon-residentcorporate-40%.

30%(u/s115AD)

Nil 30%fornon-residentsnoncorporates,40%fornon-residentcorpo-rate(u/s195)

Nil

Units of an eq-uity oriented Scheme (listed and unlisted)

15%onredemptionofUnitswhereSTTispayableonredemption(u/s111A) Nil 15% Nil

Long Term Capital Gain

Listed units of a non-equity oriented Scheme

20%withindexation,(u/s 112) **

20%withindexation,(u/s112)** 10%(u/s115AD) **

Nil 20%withindexationfornonresidents(u/s195)**

Nil

Unlisted units of a non-equity oriented Scheme

20%withindexation,(u/s 112) **

10%withnoindexationandnoexchangefluctuation**

10%(u/s115AD) **

Nil 10%withoutindexation&exchangefluctuationfornon residents (u/s 112) **

Nil

Units of an equity oriented Scheme***

Exempt in case of redemption of Units where STT is payable on redemption (u/s 10(38))

Nil

*plussurchargeandeducationcess.Surchargeasperthebelowtable

Status of Investor Income between 50 lakhs and 1 crores

Income exceeding 1 crores Income between 1 crores and 10 crores

Income exceeding 10 crores

Individuals/HUFs/BOIs/AOPsandArtificialjuridicalpersons

10% 15%

Firms, Co-operative societies, Local authori-ties

12%

Domestic Company 7% 12%

Foreign Company 2% 5%

Educationcessandsecondaryandhighersecondarycess@3%.**Capitalgainsonredemptionofunitsheldforaperiodofmorethan36monthsfromthedateofallotmentasamendedbyFinance(No.2)Act,2014***Capital gains on redemption of units held for a period of more than 12 months from the date of allotmentAnypersonentitledtoreceiveanysumorincomeoramount,onwhichtaxisdeductibleunderChapterXVIIB(hereafterreferredtoasdeductee)onorafter1stApril2010,shall furnish his Permanent Account Number to the person responsible for deducting such tax (hereafter referred to as deductor), failing which tax shall be deducted at the higher of the following rates, namely:(i) attheratespecifiedintherelevantprovisionofthisAct;or(ii) attherateorratesinforce;or(iii) attherateoftwentypercent.TheaforesaidprovisiondealingwithhighertaxationintheabsenceoffurnishingPermanentAccountNumbershallnotapplytoanon-residentwitheffectfrom1stJune,2016 on furnishing the following details and documents by such non-resident:(i)name,e-mailid,contactnumber;(ii)addressinthecountryorspecifiedterritoryoutsideIndiaofwhichthenon-residentisaresident;(iii)acertificateofhisbeingresidentinanycountryorspecifiedterritoryoutsideIndiafromtheGovernmentofthatcountryorspecifiedterritoryifthelawofthatcountryorspecifiedterritoryprovidesforissuanceofsuchcertificate;(iv)TaxIdentificationNumberofthenon-residentinthecountryorspecifiedterritoryofhisresidenceandincasenosuchnumberisavailable,thenauniquenumberonthebasisofwhichthenon-residentisidentifiedbytheGovernmentofthatcountryorthespecifiedterritoryofwhichheclaimstobearesident.

IncaseofinvestmentsbyNRIsinclosedendedfundsduringNFO,atthetimeofredemptionofunits,TDSwillbedeductedattheapplicablerate.However,inrespectofthoseUnitHolderswhohaveacquiredtheunitsontheStockExchangepostlistingofunits,theUnitHolderswouldneedtoprovideacertificatefromaCharteredAccountantcertifyingthedetailsofacquisitionofunitstotheFundwithintwodaysofmaturityoftheScheme,soastoenabletheFundtodeductTDSattheapplicablerates.Intheeventofsuchdetailsnotbeingprovided,theFundwoulddeductTDSontheredemptionproceedsatthehighestrateofTDSapplicable.ForfurtherdetailsontaxationpleaserefertotheclauseonTaxationintheSAI.

II. Tax on distributed income to unit holders (U/S 115R)

Aspersection10(35)oftheAct,incomereceivedinrespectoftheunitsofaMutualFundspecifiedundersection10(23D)oftheAct,isexemptinthehandsoftheunithold-ers.However,TheFundwouldberequiredtopayadistributiontaxonincomedistributionsasatthefollowingrateasunder:

Category of Scheme/Investors Rate#

Debt Oriented Fund: - Unit holder is individual / HUF - Unit holder is any other personInfrastructure Debt Fund - Non- Resident Unit holder other than foreign company - Unit holder is foreign company

25.00%30.00%

5%5%

#plussurchargeof12%onsuchtaxandeducationcessof3%onsuchtaxandsurcharge

AspertheamendmentmadebyTheFinance(No.2)Act,2014,w.e.f.1stOctober2014,forthepurposesofdeterminingthedistributiontaxpayableinaccordancewithsub-section (2) of section 115R, the amount of distributed income referred therein shall be increased to such amount as would, after reduction of the additional income-tax on suchincreasedamountattheratespecifiedinsub-section(2)ofsection115R,beequaltotheamountofincomedistributedbytheMutualFund.

Disclosure as per SEBI circular SEBI/HO/IMD/DF2/CIR/P/2016/42 dated March 18, 2016: Sector wise break up (As on 31-August-2017)

DSP BLACKROCK EQUITY FUNDSECTOR % OF SCHEMEBanks - Private 18.50%CONSUMER GOODS 11.69%ENERGY 10.05%CONSTRUCTION 8.59%AUTOMOBILE 8.49%INDUSTRIAL MANUFACTURING 6.36%CEMENT&CEMENTPRODUCTS 6.10%Banks - PSU 5.67%NBFC-OFI 4.96%METALS 3.92%TELECOM 2.57%FERTILISERS&PESTICIDES 2.32%CBLO / Reverse Repo 2.00%Housing Finance 1.99%TEXTILES 1.86%PHARMA 1.66%IT 1.57%MEDIA&ENTERTAINMENT 1.44%Net Receivables/Payables 0.27%Grand Total 100.00%

DSP BlackRock Small and Mid Cap FundSector % of SchemeBanks - Private 13.58%INDUSTRIAL MANUFACTURING 10.98%NBFC-OFI 9.43%CBLO / Reverse Repo 9.40%AUTOMOBILE 8.35%TEXTILES 8.16%CONSTRUCTION 6.21%PHARMA 5.62%FERTILISERS&PESTICIDES 5.39%ENERGY 5.03%CHEMICALS 3.79%TELECOM 2.81%CEMENT&CEMENTPRODUCTS 2.18%CONSUMER GOODS 2.12%MEDIA&ENTERTAINMENT 1.85%METALS 1.64%Housing Finance 1.54%HEALTHCARE SERVICES 1.42%SERVICES 0.63%Net Receivables/Payables -0.14%Grand Total 100.00%

DSP BlackRock Balanced FundSector % of SchemeBanks - Private 14.72%NBFC-OFI 13.24%CONSUMER GOODS 10.81%ENERGY 10.22%Banks - PSU 8.61%AUTOMOBILE 7.36%CEMENT&CEMENTPRODUCTS 6.30%CONSTRUCTION 6.17%METALS 3.99%CBLO / Reverse Repo 3.70%Housing Finance 3.57%INDUSTRIAL MANUFACTURING 3.32%PFI 2.19%PHARMA 1.40%TEXTILES 1.39%FERTILISERS&PESTICIDES 1.22%MEDIA&ENTERTAINMENT 1.20%IT 0.92%Net Receivables/Payables -0.33%Grand Total 100.00%

DSP BlackRock Short Term FundSector % of SchemePFI 37.62%NBFC-OFI 15.46%Housing Finance 14.33%ENERGY 8.18%CBLO / Reverse Repo 5.58%G-Sec 4.85%Banks - Private 4.79%TELECOM 3.55%Banks - PSU 2.29%CEMENT&CEMENTPRODUCTS 1.75%PHARMA 1.09%SERVICES 0.70%AUTOMOBILE 0.50%Net Receivables/Payables -0.69%Grand Total 100.00%

DSP BlackRock Tax Saver FundSector % of SchemeBanks - Private 21.29%ENERGY 11.37%AUTOMOBILE 8.92%METALS 8.90%CONSUMER GOODS 7.79%CONSTRUCTION 6.99%NBFC-OFI 5.56%INDUSTRIAL MANUFACTURING 5.28%Housing Finance 4.37%CBLO / Reverse Repo 4.29%Banks - PSU 4.15%CEMENT&CEMENTPRODUCTS 3.60%IT 2.67%PHARMA 1.63%TEXTILES 1.60%CHEMICALS 1.36%SERVICES 0.50%Net Receivables/Payables -0.28%Grand Total 100.00%

DSP BlackRock Micro Cap FundSector % of SchemeINDUSTRIAL MANUFACTURING 15.87%TEXTILES 11.98%CHEMICALS 10.20%CONSUMER GOODS 7.45%FERTILISERS&PESTICIDES 7.32%METALS 7.12%CONSTRUCTION 6.12%AUTOMOBILE 5.48%PHARMA 4.89%CBLO / Reverse Repo 3.65%HEALTHCARE SERVICES 3.10%MEDIA&ENTERTAINMENT 2.62%Banks - Private 2.57%Housing Finance 1.95%IT 1.67%ENERGY 1.65%SERVICES 1.63%TELECOM 1.22%NBFC-OFI 1.17%CEMENT&CEMENTPRODUCTS 1.11%PAPER 0.78%FINANCIAL SERVICES 0.37%Net Receivables/Payables 0.07%Grand Total 100.00%

DSP BlackRock Focus 25 FundSector % of SchemeBanks - Private 23.62%AUTOMOBILE 14.57%CONSUMER GOODS 10.99%ENERGY 10.27%METALS 8.77%Banks - PSU 6.74%CONSTRUCTION 4.22%NBFC-OFI 4.05%CEMENT&CEMENTPRODUCTS 4.00%INDUSTRIAL MANUFACTURING 3.28%PHARMA 3.12%Housing Finance 2.97%FERTILISERS&PESTICIDES 2.81%CBLO / Reverse Repo 1.58%Net Receivables/Payables -0.99%Grand Total 100.00%

DSP BlackRock Strategic Bond FundSector % of SchemeG-Sec 69.67%Banks - PSU 6.86%NBFC-OFI 5.57%PFI 5.04%ENERGY 4.31%Banks - Private 3.37%CEMENT&CEMENTPRODUCTS 2.07%CBLO / Reverse Repo 1.78%Housing Finance 1.24%Cash Margin 0.10%Net Receivables/Payables -0.01%Grand Total 100.00%

DSP BlackRock Top 100 Equity FundSector % of SchemeBanks - Private 24.41%AUTOMOBILE 16.54%ENERGY 10.95%CONSUMER GOODS 9.92%METALS 7.46%NBFC-OFI 6.41%Banks - PSU 5.28%CONSTRUCTION 4.57%CEMENT&CEMENTPRODUCTS 4.10%Housing Finance 3.92%INDUSTRIAL MANUFACTURING 3.36%PHARMA 2.48%CBLO / Reverse Repo 0.99%Net Receivables/Payables -0.40%Grand Total 100.00%

DSP BlackRock Money Manager FundSector % of SchemePFI 25.32%NBFC-OFI 25.07%Banks - Private 15.74%Housing Finance 14.43%PHARMA 6.26%ENERGY 3.63%METALS 2.43%G-Sec 1.73%CONSTRUCTION 1.43%CEMENT&CEMENTPRODUCTS 1.26%SERVICES 1.23%AUTOMOBILE 1.21%CBLO / Reverse Repo 0.80%T-Bill 0.06%Net Receivables/Payables -0.59%Grand Total 100.00%

DSP BlackRock Opportunities FundSector % of SchemeBanks - Private 21.86%ENERGY 12.56%CONSTRUCTION 9.62%METALS 8.64%CONSUMER GOODS 7.66%AUTOMOBILE 6.02%CBLO / Reverse Repo 6.01%Banks - PSU 5.30%NBFC-OFI 5.18%INDUSTRIAL MANUFACTURING 4.38%Housing Finance 3.25%CEMENT&CEMENTPRODUCTS 3.12%PHARMA 2.16%IT 1.42%TEXTILES 1.37%FERTILISERS&PESTICIDES 1.21%SERVICES 0.56%TELECOM 0.00%Cash Margin 0.03%Net Receivables/Payables -0.35%Grand Total 100.00%

DSP BlackRock Income Opportunities FundSector % of SchemeENERGY 19.29%NBFC-OFI 13.46%PFI 13.45%SERVICES 11.06%CONSTRUCTION 10.26%Housing Finance 8.73%Banks - Private 7.69%CONSUMER GOODS 5.49%CEMENT&CEMENTPRODUCTS 4.39%Banks - PSU 1.79%CBLO / Reverse Repo 1.74%PHARMA 0.95%AUTOMOBILE 0.82%METALS 0.74%INDUSTRIAL MANUFACTURING 0.29%Net Receivables/Payables -0.15%Grand Total 100.00%

25

Scheme Portfolio Holdings (Top 10 Issuer) As on 31-August-2017

Name of the Scheme Name of the issuer % of SchemeDSP BlackRock Equity Fund (DSPBREF)

HDFC Bank Limited 5.37%ITC Limited 4.44%ICICI Bank Limited 3.92%BajajFinanceLimited 3.83%State Bank of India 3.80%Yes Bank Limited 3.78%Maruti Suzuki India Limited 3.11%Dalmia Bharat Limited 3.04%The Federal Bank Limited 2.73%Sterlite Technologies Limited 2.57%

DSP BlackRock Top 100 Equity Fund (DSPBRTEF)

HDFC Bank Limited 9.97%Maruti Suzuki India Limited 7.93%ITC Limited 6.90%BajajFinanceLimited 5.35%ICICI Bank Limited 4.73%IndusInd Bank Limited 4.70%Larsen&ToubroLimited 4.57%Bharat Petroleum Corporation Limited 4.12%State Bank of India 4.01%Housing Development Finance Corporation Limited

3.92%

DSP BlackRock Opportunities Fund (DSPBROF)

HDFC Bank Limited 6.11%ClearingCorporationofIndiaLtd. 6.01%ICICI Bank Limited 4.83%State Bank of India 4.41%Yes Bank Limited 4.00%Tata Steel Limited 3.79%ITC Limited 3.71%Larsen&ToubroLimited 3.31%Vedanta Limited 3.25%Housing Development Finance Corporation Limited

3.25%

DSP BlackRock Micro Cap Fund (DSPBRMCF)

ClearingCorporationofIndiaLtd. 3.65%K.P.R.MillLimited 3.27%Finolex Cables Limited 2.92%SRF Limited 2.77%Sharda Cropchem Limited 2.74%APL Apollo Tubes Limited 2.67%DCB Bank Limited 2.57%Aarti Industries Limited 2.56%Navin Fluorine International Limited 2.40%Atul Limited 2.38%

DSP BlackRock Focus 25 Fund (DSPBRF25F)

HDFC Bank Limited 9.37%Maruti Suzuki India Limited 7.11%ITC Limited 5.56%IndusInd Bank Limited 5.48%State Bank of India 5.32%Yes Bank Limited 5.14%Tata Steel Limited 4.99%Larsen&ToubroLimited 4.22%BajajFinanceLimited 4.05%Hindalco Industries Limited 3.78%

DSP BlackRock Tax Saver Fund (DSPBRTSF)

HDFC Bank Limited 5.69%ICICI Bank Limited 4.34%ClearingCorporationofIndiaLtd. 4.29%Yes Bank Limited 4.14%Tata Steel Limited 3.84%ITC Limited 3.46%Housing Development Finance Corporation Limited

3.38%

Vedanta Limited 3.36%State Bank of India 3.17%Hindustan Petroleum Corporation Limited

2.83%

DSP BlackRock Balanced Fund (DSPBRBalF)

HDFC Bank Limited 4.57%State Bank of India 4.02%ClearingCorporationofIndiaLtd. 3.70%Tata Sons Limited 3.52%ITC Limited 3.27%Housing Development Finance Corporation Limited

3.05%

Yes Bank Limited 3.01%ICICI Bank Limited 2.85%BajajFinanceLimited 2.77%The Federal Bank Limited 2.60%

DSP BlackRock Income Opportunities Fund (DSPBRIOF)

Power Grid Corporation of India Limited 7.37%Power Finance Corporation Limited 6.14%KKR India Financial Services Private Limited

5.11%

RuralElectrificationCorporationLimited 4.77%IL&FSEnergyDevelopmentCompanyLimited

4.15%

IL&FSTransportationNetworksLimited 3.95%JanalakshmiFinancialServicesLimited 3.89%Nirma Limited 2.71%PNB Housing Finance Limited 2.68%Aspire Home Finance Corporation Limited

2.53%

DSP BlackRock Money Manager Fund (DSPBRMMF)

National Bank for Agriculture and Rural Development

9.99%

ICICI Bank Limited 9.71%Housing Development Finance Corporation Limited

9.07%

Power Finance Corporation Limited 8.00%Sun Pharma Laboratories Limited 5.07%Bharat Financial Inclusion Limited 4.89%Kotak Mahindra Prime Limited 4.05%IDFC Bank Limited 3.64%Tata Motors Finance Limited 2.82%JMFinancialAssetReconstructionCompany Private Limited

2.76%

DSP BlackRock Short Term Fund (DSPBRSTF)

RuralElectrificationCorporationLimited 10.19%Power Finance Corporation Limited 9.31%National Bank for Agriculture and Rural Development

7.73%

ClearingCorporationofIndiaLtd. 5.58%LIC Housing Finance Limited 4.99%Small Industries Development Bank of India

4.96%

Government of India 4.85%HDFC Bank Limited 4.79%BajajFinanceLimited 4.27%ONGC Mangalore Petrochemicals Limited 4.08%

DSP BlackRock Strategic Bond Fund (DSPBRSBF)

Government of India 69.67%SBICards&PaymentServicesPrivateLimited

5.57%

Bank of Baroda 4.49%Indian Railway Finance Corporation Limited

4.28%

Axis Bank Limited 2.43%State Bank of India 2.37%Dalmia Cement (Bharat) Limited 2.07%Power Grid Corporation of India Limited 1.95%ClearingCorporationofIndiaLtd. 1.78%LIC Housing Finance Limited 1.24%

DSP BlackRock Small and Mid Cap Fund (DSPBRSMF)

ClearingCorporationofIndiaLtd. 9.40%The Federal Bank Limited 4.40%Ashok Leyland Limited 3.65%Exide Industries Limited 3.09%TechnoElectric&EngineeringCompanyLimited

3.06%

Sterlite Technologies Limited 2.81%SRF Limited 2.72%BajajFinanceLimited 2.58%IndusInd Bank Limited 2.48%Finolex Cables Limited 2.36%

Link to the scheme’s latest monthly portfolio holding: http://www.dspblackrock.com/about-us/mandatory-disclosure/month-end-portfolio-disclosures

Portfolio Turnover Ratio as on August 31, 2017

Scheme Name RatioDSP BlackRock Balanced Fund 0.89

DSP BlackRock Equity Fund 0.61

DSP BlackRock Micro Cap Fund 0.17

DSP BlackRock Small And Mid Cap Fund 0.18

DSP BlackRock Tax Saver Fund 0.89

DSP BlackRock Top 100 Equity Fund 0.44

DSP BlackRock Opportunities Fund 0.95

DSP BlackRock Focus 25 Fund 0.50

26

Please fi ll only in the space provided. Any additional details/notings/instructions or those provided at a non designated area of the form may not be executed. Kindly strike off the unused Sections of the Form to avoid misuse. Please use separate Transaction Form for each Transaction and for each Scheme / Plan and Kindly refer Instructions overleaf.

EXISTING INVESTORS TRANSACTION FORM FINANCIAL TRANSACTIONS

Distributor / RIA Nameand ARN / Code

Sub Broker ARN & Name

Sub Broker/Branch/RM Internal Code EUIN (Refer note below) For Offi ce use only

UpfrontcommissionshallbepaiddirectlybytheinvestortotheAMFIregisteredDistributorsbasedontheinvestors’assessmentofvariousfactorsincludingtheservicerenderedbythedistributor.Existing Folio Number Name of Sole / First Unitholder

I/We confi rm that the EUIN box is intentionally left blank by me/us as this is an “execution-only” transaction without any interaction or advice by the distributor personnel concerned.

(Sole / First Applicant's Signature Mandatory)

SWITCH (Write switch-out Scheme Name, Plan / Option / Sub Option below)

Amount in Figures Amount in Words

Units in Figures Units in WordsOR (Please note that the Switch can be done either in Units or in Amount and not in both)Rs.

Switch-in To Scheme / Plan / Option* / Sub Option*DSP BlackRock

Amount in Figures

REDEMPTION (Write Scheme Name, Plan / Option / Sub Option below)

Amount in Words

Units in Figures Units in WordsOR (Please note that the Redemption can be done either in Units or in Amount and not in both)

Rs.

*DefaultOptionmaybeappliedincaseofnoinformation,ambiguityordiscrepancy.

Bank Account for This Redemption Proceeds (This should NOT be construedas“ChangeofBankMandate”request.ReferInstructionsoverleaf.)

I/We agree that the redemption proceeds should be sent entirely at our risk to the following bank account, ifalreadyregisteredwiththefundortothedefaultbankaccountifnobankaccountismentionedhere.

Important Note:Unregisteredbankaccountwillnotbeconsidered,evenifmentionedhere.Tochangebank account, investors should avail multiple bank account registration facility and use a specificdesignatedformforthispurpose.Ifunitholder(s)provideanewandunregisteredbankmandatewiththe redemption request (with or without necessary supporting documents) such bank account will not beconsideredforpaymentofredemptionproceedsandwillnotberegistered.

Bank Name

AccountNo.

PAN AND KYC UPDATION

Third Applicant / Guardian

Sole / First Applicant / Guardian

KYC LETTER

Attached

Attached

Attached

Second Applicant / Guardian

PoA (Power of Attorney) REGISTRATION DETAILS (Refer Instructions overleaf)

PAN of the PoA holder

Name of thePoA holder

Attached KYC Letter (Mandatory) Notarized copy of PoA

Having read and understood the contents of the Scheme Information Document and Statement of Additional Information, Key Information Memorandum, Instructions and addenda issued by DSP BlackRock Mutual Fund, I / We, hereby apply to theTrusteeofDSPBlackRockMutualFundforUnitsoftherelevantSchemeandagreetoabidebythetermsandconditions,rulesandregulationsoftheScheme.I/WedeclarethattheamountinvestedintheSchemeisthroughlegitimatesourcesonlyand isnotdesigned for thepurposeofcontraventionorevasionofanyAct,Regulation,Rule,Notification,Directionsoranyotherapplicable lawsenactedby theGovernmentof IndiaoranyStatutoryAuthority. I/Wehaveneitherreceivednorbeeninducedbyanyrebateorgifts,directlyorindirectlyinmakingthisinvestment.TheARNholderhasdisclosedtome/usallthecommissions(intheformoftrailcommissionoranyothermode),payabletohimforthedifferentcompetingSchemesofvariousMutualFundsfromamongstwhichtheSchemeisbeingrecommendedtome/us.ApplicabletoNRIsonly:I/WeconfirmthatIam/WeareNon-Resident(s)ofIndianNationality.IfEUINisleftblank/notmentioned;I/WeherebyconfirmthattheEUINboxhasbeenintentionallyleftblankbyme/usasthisisan“execution-only”transactionwithoutanyinteractionoradvicebytheemployee/relationshipmanager/salespersonoftheabovedistributorornotwithstandingtheadviceofin-appropriateness,ifany,providedbytheemployee/relationshipmanager/salespersonofthedistributorandthedistributorhasnotchargedanyadvisoryfeesonthistransaction.

Sole / First Unit Holder Second Unit Holder Third Unit Holder POA Holder, if any

DECLARATION & SIGNATURES (TO BE SIGNED AS PER MODE OF HOLDING)

vACKNOWLEDGEMENT SLIP DSP BLACKROCK MUTUAL FUNDAcknowledgementissubjecttoverification.Requestmaynotbeprocessedincaseofincomplete/ambiguous/improper/incorrectdetailsinTransactionForm.

ISCStamp&Signature

Folio Number

Scheme/s

Investor Name Redemption or Switch

Amount(Rs.)

OR Units

PAN and KYC Updation

PoA Registration STP or SWP or DTP

Additional Purchase or SIP (PDC)

TotalAmount(Rs.)

Total Cheques

ChequesNo.(s)

From

To

Website:www.dspblackrock.com|E-mail:[email protected]|Contact Centre:1-800-200-4499

ADDITIONAL PURCHASE (DEFAULT PLAN/OPTION WILL BE APPLIED INCASE OF NO INFORMATION, AMBIGUITY OR DISCREPANCY)

Payment Mode: OTM Facility (One Time Mandate) Cheque DD RTGS NEFT Funds transfer

Cheque/DD/RTGS/NEFT Details:Ref.No._______________________________Date / / DDcharges, ifany______________________

Full Scheme/Plan/Option/Sub Option Amount (`)

1.DSPBR- Scheme Plan Option/Sub Option



Total Amount in words Amount in Figures

Payment from Bank A/c No.

Bank Name & Branch

DocumentsAttachedtoavoidThirdPartyPaymentRejection,whereapplicable: BankCertificate,forDD Third Party Declarations

A/c.TypeSavingsCurrentNRENROFCNROthers_______________PayInA/cNo.

d d m m y y y y

Cheque/DD should be in favour of: “DSP BlackRock Mutual Fund” if single cheque with multiple schemes OR “Scheme Name”, in case of single scheme / scheme wise cheques.

Scheme Name/Plan/Option*/Sub Option*

DSPBR -Scheme Name/Plan/Option*/Sub Option*

DSPBR -

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Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors’assessmentofvariousfactorsincludingtheservicerenderedbythedistributor.

From To

SYSTEMATIC TRANSFER PLAN (STP) (Please allow 7 days to register STP)

Investments done in schemes through STP will be treated as investments through SIP and the load structure for SIP will be applicable.

STP in To Scheme/Plan/Option*/Sub Option*

FixedSumofRs.

Capital Appreciation, subjecttoMinimumofRs.500/-

Transfer Period(Period to cover - minimum 6 STP transactions)

TransferAmount (MinimumRs.500/-)

1st* 7th 10th 14th

15th 21st 25th 28th

D D / M M / Y Y D D / M M / Y Y

*DefaultOptionmaybeappliedincaseofnoinformation,ambiguityordiscrepancy.

SYSTEMATIC WITHDRAWAL PLAN (SWP) (Please allow 7 days to register SWP)

From To

Withdrawal Date 1st* 7th 14th 21st 28th AllfiveDates

Frequency Monthly* Quarterly * Default Option

FixedSumofRs.

Capital Appreciation, subjecttoMinimumofRs.500/-

Withdrawal Period(Period to cover - minimum 6 SWP transactions)

(MinimumRs.500/-)Withdrawal Amount

D D / M M / Y Y D D / M M / Y Y

(Please mention complete Scheme, Plan & Option)Source Scheme (From where Dividend is to be transferred)

Target Scheme (To where Dividend is to be transferred)

To

DIVIDEND TRANSFER PLAN (DTP) - ENROLMENT DETAILS(Please allow 7 days to register DTP) (Refer Terms and Conditions)

DSPBR -

DSPBR -

DECLARATION & SIGNATURES

Name of Sole / First Unitholder (Leavespacebetweenfirst/middle/lastname) Mr. Ms. M/s. Others____________ Folio Number

Scheme Name/Plan/Option*/Sub Option* DSPBR -

DSPBR -

SYSTEMATIC INVESTMENT PLAN (SIP) POST DATED CHEQUES (PDC)

SIP Period

(Minimum 12 installments, 6 in case of DSPBR TaxSaver Fund)

ChequeNos.

Drawn on Bank

Branch City

From

From

To

To

(Separate Cheque required for investment in different Scheme / Plan)All Cheques should be of same date of the months / quarters.EachSIPAmount(minimumRs.500) Rs.

SIP Date 1st 7th 10th 14th 15th 21st 25th 28thInvestment Frequency Monthly Quarterly

D D / M M / Y Y D D / M M / Y Y

I/We confi rm that the EUIN box is intentionally left blank by me/us as this is an “execution-only” transaction without any interaction or advice by the distributor personnel concerned.

Sole / FirstApplicant's Signature Mandatory

INSTRUCTIONSThisformshouldbeusedbyexistinginvestorsonlybymentioningtheirfolionumber,nameandSchemedetails.Please read the Scheme related documents, Addenda, KIM and Instructions there-in and below mentioned instructions carefully before fi lling up the form. Investors should provide details/instructions only in the designated space provided in the form else the same may not be considered. ADDITIONAL PURCHASE & PAYMENT DETAILS: Investorsshouldfillnameofthescheme,plan,optionandsub-option.Incasethedetailsarenotproperandclearorincaseofincompletedetails,non-clarityorambiguity,defaultoptionswillbeconsideredandapplied.Wheretheinvestorgivesseparatecheque/sforinvestmentsinseparatescheme/s,eachsuchchequeshouldbefavouringtheschemenameandcrossedasAccountPayee.WheretheinvestorgivesasingleconsolidatedchequeforinvestmentsinmorethanoneschemesuchchequeshouldbecrossedasAccountPayeeanddrawninfavourof‘DSPBlackRockMutualFund.WheretheinvestorgivesachequeforanamountmorethanRs2lakhsandwishestodoafundtransferbanking(inthebankssupportedbythefund)chequeshouldbedrawninfavourof‘DSPBlackRockMutualFundCollectionAccount’.Thefirstunitholdershouldbeoneofthebankaccountholdersinthepay-inbankaccount.PurchaseapplicationthroughCheque/DD/RTGS/NEFT/Fundstransferrequestsshouldnecessarilymentionthepay-inbankaccountdetailsi.e.accountnumberandbank,branchnameofthebankaccountusedforissuingthepaymentstothefund.Ifthisisnotevidencedonthepaymentcheque/fundstransfer/RTGS/NEFTrequest,orincaseofdemanddrafts,unitholdershouldattachnecessarysupportingdocumentsasrequiredbythefund,likebankcertificate,bankpassbookcopyorstatementtoprovethatthefundsarefromabankaccountheldbyfirstunitholderonly.Ifthedocumentsarenotsubmittedwiththeapplication,thefundreservestherighttorejecttheapplicationorcallforadditionaldetails.Investorsareadvisedtovisitwww.dspblacrock.comfordetailsondocuments,restrictionsonthirdpartypaymentsorapproachanyoftheofficesofthefund.ADDITIONAL PURCHASE THROUGH OTM FACILITY: IfyouaremakingpaymentthroughOTMfacilityregisteredinyourfolio,pleaseticktherelevantboxanddonotattachanycheque.IfmorethanonebankaccountsareregisteredinyourfoliounderOTMfacility,pleasementionthebankaccountnumberandbanknamewhereyouwishthedebittohappen.Ifthesameisnotmentionedorisnotregistered,defaultbankmandateunderOTMfacilitywillbeconsideredtodebitthepurchaseamount.KYC COMPLIANCE:InvestorsshallnotethatKYCismandatoryandtheyneedtocomplywiththe‘KnowYourClient’requirementsasapplicablefromtimetotime.FormoreinformationonKYC,pleaselogontowww.dspblackrock.com/www.amfiindia.combeforeinvesting.Applicationsareliabletoberejectedwithoutanyintimationtotheapplicants,ifrequiredKYCcomplianceisnotcompletedbyalltheapplicants/unitholders.REDEMPTION REQUEST:Redemptionmaynotbeprocessediffolionumberandfullschemenameincludingplanandoptionisnotmentioned.Pleaseensurethateitherofamountorunitsismentionedintheredemptionrequest.The fund offers a facility to register multiple bank accounts and designate one of the bank account as “Default Bank Account”.DefaultBankAccountwillbeusedforalldividendsandredemptionspayoutsincludingFMPschemesmaturityproceedsunlessinvestorspecifiesoneoftheexistingregisteredbankaccountintheredemptionrequestforreceivingredemptionproceeds.Anewnon-registeredbankaccountspecifiedinthespecificredemptionrequestforreceivingredemptionproceedswillnotbeconsidered.Consequent to introduction of “Multiple Bank Accounts Facility”, the existing facility of redemption with change of bank mandate is discontinued by the fund. New bank accounts can only be registered using the designated “Bank Account Registration Form”.BANK ACCOUNT FOR REDEMPTION PROCEEDS:Pleasenotethefollowingimportantpointsrelatedtopaymentofredemptionproceeds:�Proceedsofanyredemptionrequestwillbesentonlytoabankaccountthatisalreadyregisteredandvalidatedinthefolioatthetimeofredemptiontransactionprocessing.�Unitholder(s)maychoosetomentionanyoftheexistingregisteredbankaccountswithredemptionrequestforreceivingredemptionproceeds.Ifnoregisteredbankaccountismentioned,defaultbankaccountwillbeused.�If unit holder(s) provide a new and unregistered bank mandate with a specifi c redemption request (with or without necessary supporting documents) such bank account will not be considered for payment of redemption proceeds.POA REGISTRATION:OnlyaGeneralPowerofAttorneyagreementwithoutanyrestrictionsandperennialvalidityisaccepted.ThePoAmustbeexecutedonstamppaperandregisteredinIndiaandadulynotarizedcopyshouldbeenclosed.ThePoAmusthavesignaturesoftheinvestoraswellthePoAholder.IfthesignatureofPoAholderisnotavailable,thefundmaycallforadditionaldocumentsordeclarationsonacasetocasebasis.PoAwillberegisteredwithin10workingdaysofreceiptofallvaliddocuments.SYTEMATIC INVESTMENT PLAN (SIP):MinimumInvestmentAmountforeachSIPinstalmentisRs.500/-.SIPFacilityisavailableonlyonspecificdatesofthemonth.AllChequesshouldbeofthesamedateofmonth/quarterandofthesameamount.TheChequeshouldbedrawninfavourof“NameoftheSchemeandPlan”asapplicable.AseparateSIPFormmustbefilledforeachScheme/Plan.PleasementionyourfolionumberandnameonreverseoftheCheque.SYSTEMATIC TRANSFER PLAN (STP) / SYSTEMATIC WITHDRAWAL PLAN (SWP):Pleaseallowupto7daysforSTP/SWPtoberegisteredandfirstSTP/SWPtransactiontohappen.Henceformshouldbesubmittedatleast7daysbeforeSTP/SWPstartdate.STP/SWPisavailableinalltheschemesoftheFund.Pleasenotethedefaultoptionshighlightedintheformwhichwillbeusedincaseofincorrectdetailsintheform.Forinvestorsavailingthetransfer/withdrawalof‘appreciation’option,whereinanyweek,monthorquarter,thereisnoappreciationorislessthanRs.500/-,switch/withdrawalasmentionedabove,maynotbecarriedout.Youcanchoosetodiscontinuethisfacilitybygiving30dayswrittennoticetotheRegistrar.DIVIDEND TRANSFER PLAN (DTP):Pleaseallowupto7daysforDTPtoberegistered.Henceformshouldbesubmittedatleast7daysbeforetherecorddateofanyforthcomingproposeddividend.Pleaserefertowww.dspblackrock.com>Services>DividendTransferPlanforlistofSourceScheme,TargetSchemesanddetailedtermsandconditions.TheMinimumamountofdividendeligiblefortransferunderDividendTransferPlanisRs.500/-.

Distributor / RIA Nameand ARN / Code

Sub Broker ARN & Name

Sub Broker/Branch/RM Internal Code EUIN (Refer note below) For Offi ce use only

(To be signed as per Mode of Holding)Having read and understood the contents of the Scheme Information Document and Statement of Additional Information, Key Information Memorandum, Instructions and addenda issued by DSP BlackRock Mutual Fund, I / We, hereby apply to theTrusteeofDSPBlackRockMutualFund forUnitsof the relevantSchemeandagree toabideby the termsandconditions, rulesand regulationsof theScheme. I/Wedeclare that theamount invested in theScheme is throughlegitimatesourcesonlyand isnotdesignedforthepurposeofcontraventionorevasionofanyAct,Regulation,Rule,Notification,Directionsoranyotherapplicable lawsenactedbytheGovernmentof IndiaoranyStatutoryAuthority.I/Wehaveneither receivednorbeen inducedbyany rebateorgifts,directlyor indirectly inmaking this investment.TheARNholderhasdisclosed tome/usall thecommissions (in the formof trail commissionoranyothermode),payabletohimforthedifferentcompetingSchemesofvariousMutualFundsfromamongstwhichtheSchemeisbeingrecommendedtome/us.ApplicabletoNRIsonly:I/WeconfirmthatIam/WeareNon-Resident(s)ofIndianNationality.IfEUINisleftblank/notmentioned;I/WeherebyconfirmthattheEUINboxhasbeenintentionallyleftblankbyme/usasthisisan“execution-only”transactionwithoutanyinteractionoradvicebytheemployee/relationshipmanager/salespersonoftheabovedistributorornotwithstandingtheadviceofin-appropriateness,ifany,providedbytheemployee/relationshipmanager/salespersonofthedistributorandthedistributorhasnotchargedanyadvisoryfeesonthistransaction.

Sole / First Unit Holder Second Unit Holder Third Unit Holder POA Holder, if any

SIP (PDC) / STP / SWP / DTP

* Default Option

STP DATES FREQUENCY

Monthly*

Quarterly

OR Daily

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Distributor/RIA name and ARN/Code Sub Broker ARN & Name For Office use onlyEUIN (Refer note below)

I am a First Time Investor in Mutual Fund Industry. I am an Existing Investor in Mutual Fund Industry.

I/We confirm that the EUIN box is intentionally left blank by me/us as this is an “execution-only”transaction without any interaction or advice by the distributor personnel concerned.Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors’assessment of various factors including the service rendered by the distributor.

Sub Broker/Branch/RM Internal Code

Sole / First Applicant's Signature Mandatory

1. FIRST APPLICANT’S DETAILS

Name of First Applicant (Should match with PAN/Aadhar Card)

Mode of Holding (Please tick ) Joint (Default) Anyone or Survivor

Status of Sole/1st Applicant (Please tick ) Indian Resident Individual Minor (Resident) Minor (Repatriable) Minor (Non Repatriable)

Name of Guardian (if minor)/POA/Contact Person

City State

Email ID (in capital)

Occupation Details (Please tick ) Private Sector Service Business Public Sector Service Government Service

Gross Annual Income (Please tick ) Below 1 Lac 1-5 Lacs 5-10 Lacs 10-25 Lacs >25 Lacs-1 crore >1 crore

Net-worth in (Mandatory for Non-Individuals) (Not older than 1 year)

For Individuals (Please tick ) Not Applicable I am Politically Exposed Person I am Related to Politically Exposed Person

3a.

3b.

3c.

Mobile +91 Tel (STD Code)

Address

3d.

2nd Applicant

Landmark

Pin Code(Mandatory)

as on D D M M Y Y Y Y`

Others (Please tick ) Not Applicable Politically Exposed Person (PEP) Related to a Politically Exposed Person (PEP)

Occupation Details (Please tick ) Private Sector Service Business Public Sector Service Government Service ProfessionalAgriculturist Retired Housewife Student Forex Dealer Others (Please specify)

a.

b.c.

Others (Please tick )

b.c.

APPLICATION FORM

Application No.:

Please read Product labeling details available on cover page and instructions before filling this Form

ACKNOWLEDGEMENT SLIP (To be filled in by the investor)

Application No.

DSP BLACKROCK MUTUAL FUND

From

Received, subject to realisation and verification an application for purchase of Units as mentionedin the application form.

Cheque no. AmountScheme

DSPBR

a. Residential & Business b. Residentialc. Business d. Registered Office

Address Type (Mandatory)

Not Applicable Politically Exposed Person (PEP) Related to a Politically Exposed Person (PEP)

Gross Annual Income (Please tick ) Below 1 Lac 1-5 Lacs 5-10 Lacs 10-25 Lacs >25 Lacs-1 crore

Gross Annual Income (Please tick ) Below 1 Lac 1-5 Lacs 5-10 Lacs 10-25 Lacs >25 Lacs-1 crore

>1 crore

>1 crore

NRI (Repatriable) NRI (Non-Repatriable) PIO Sole Proprietorship HUF - Indian HUF - NR Partnership Firm Limited Partnership (LLP) Public Ltd. Co. Private Ltd. Co.

Body Corporate Bank FIs Insurance Companies Government Body AOP/BOI Trust Society Provident Fund Superannuation/Pension Fund Gratuity Fund Mutual Fund

FII FPI-Category I/II/III FCRA GDN Defence Establishment NPS Trust Others _____________________________________________________________ (Please specify)

Are you a Non-Profit Organization [NPO] or Company u/s 25 (Companies Act 1956) or u/s 8 of Companies, Act, 2013: Yes No

ProfessionalAgriculturist Retired Housewife Student Forex Dealer Others (Please specify)

2. CONTACT DETAILS AND CORRESPONDENCE ADDRESS (As per KYC records)

3. KYC DETAILS (Mandatory)

4. JOINT APPLICANTS (IF ANY) DETAILS

PAN CKYC - KIN

PAN CKYC - KIN

Occupation Details (Please tick ) Private Sector Service Business Public Sector Service Government Service ProfessionalAgriculturist Retired Housewife Student Forex Dealer Others (Please specify)

a.

(Should match with PAN/Aadhar Card)

3rd Applicant

CKYC - KINAADHAAR No. (1st Appl / Guardian) Attach copy (mandatory)

AADHAR NO. Attach copy (mandatory)

AADHAR NO. Attach copy (mandatory) (Should match with PAN/Aadhar Card)

PAN (1st Appl / Guardian)

D D Y Y Y Y

D D M M Y Y Y Y

Date of Birth

D D M M Y Y Y Y

Date of Birth (1st Appl / Minor) (attach proof)

D D M M Y Y Y YDate of Birth

Guardian is:

Father Mother Court Appointed

PAN of POA KYC AADHAAR No. of POA Attach copy (mandatory) Existing Folio

D D M M Y Y Y Y

Date of Birth (Guardian)

Bank A/C No.

IFSC code: (11 digit) MICR code (9 digit) (This is a 9 digit number next to your cheque number)

Branch Address

City Pin

A/C Type Savings Current NRE NRO FCNR Others

# Please indicate all Countries, other than India, in which you are a resident for tax purpose, associated Taxpayer Identification Number and it's Identification type eg. TIN etc.*If TIN is not available or mentioned, please mention reason as: 'A' if the country does not issue TINs to its residents; 'B' & mention why you are unable to obtain a TIN; 'C' if the authorities of the country of tax residence entered above do not require the TIN to be disclosed.

1

2

3

IdentificationType/Reason*

Tax IdentificationNumber

Country # Tax IdentificationNumber

Country # Tax IdentificationNumber

Country #

1

2

3

1

2

3



Sole/First Applicant/Guardian 2nd Applicant

Place & Country of Birth

For Individuals (Mandatory) Non Individual investors including HUF should mandatorily fill separate FATCA/CRS details form

3rd Applicant POA

PLACE COUNTRY COUNTRY COUNTRYPlace & Country of Birth Place & Country of BirthPLACE PLACE

Nationality Indian U.S. Other Nationality Indian U.S. Other Nationality Indian U.S. Other

Second Applicant Third Applicant Sole / First Applicant / Guardian POA holder, if any

Individuals (single or joint applicants) are advised to avail Nomination facility.

Nominee 1

Nominee 2

Nominee 3

Attach OTM form, if not already registered. Mention First SIP Cheque Details belowand in SIP form.

One time Lumpsum Investment SIP: Systematic Investment Plan.

Cheque/DD should be in favour of: “DSP BlackRock Mutual Fund” if single cheque with multiple schemes OR “Scheme Name”, in case of single scheme / scheme wise cheques.

Full Scheme/Plan/Option/Sub Option

A/c. Type Savings Current NRE NRO FCNR OthersPayment from Bank A/c No. Pay In A/c No.

Bank Name & Branch

Documents Attached to avoid Third Party Payment Rejection, where applicable: Bank Certificate, for DD Third Party Declarations

1. DSPBR - Scheme Plan Option/Sub Option

Total

Amount (`)



Payment Mode: Cheque DD

RTGS NEFT Funds transfer

DD charges, if any

Cheque/DD/RTGS/NEFT Details:

Amount in words

I/We wish to nominate. I/We DO NOT wish to nominate and sign here 1st Applicant Signature (Mandatory)

Nominee/ GuardianSignature

Amount in Figures

Ref. No.

D D M M Y Y Y YDate

QuickChecklist

Name, Address are correctly mentioned

Email ID / Mobile number are mentioned

KYC information provided for each applicant

FATCA/CRS details provided for each applicant

Aadhaar No. and copy is attached for each applicant

Full scheme name, plan, option is mentioned

Pay-In bank details and supportings are attached

Nomination facility opted

Form is signed by all applicants

Additional documents provided if investor name is

not pre-printed on payment cheque or if

Demand Draft is used.

Non Individual investors should attach

FATCA Details and Declaration Form

UBO Declaration Form

Email: [email protected] Contact Centre: 1800 200 4499Website: www.dspblackrock.com

Nominee Name Allocation %Guardian Name

(In case of Minor)

Total = 100% Address

5. FATCA and CRS DETAILS

6. BANK ACCOUNT DETAILS

Bank Name

(Avail Multiple Bank Registration Facility)

7. INVESTMENT AND�PAYMENT�DETAILS (Default�plan/option/sub option will be applied incase of no information, ambiguity or discrepancy)

8. NOMINATION DETAILS

In Demat mode: Enclose for demat option:

Client Master List

Transaction/Holding Statement

DIS Copy

Depository Participant (DP) ID (NSDL only)

Beneficiary Account Number (NSDL only)

In Account Statement

Mode (default):

NSDL: I N

CDSL:

9. UNIT HOLDING OPTION:

Having read and understood the contents of the Scheme Information Document and Statement of Additional Information, Key Information Memorandum, Instructions and addenda issued by DSP BlackRock Mutual Fund form time to time, I / We, hereby apply to the Trustee of DSP BlackRock Mutual Fund for Units of the relevant Scheme/Plan/Option and agree to abide by the terms and conditions, rules and regulations. I / We have understood the information requirements of the application form, including FATCA and CRS requirements, terms and conditions (read along with instructions and scheme related documents) and hereby accept the same and further confirm that the information provided by me/us on this form is true, correct, and complete. I / We declare that the amount invested in the Scheme is through legitimate sources only and is not designed for the purpose of contravention or evasion of any Act, Regulation, Rule, Notification, Directions or any other applicable laws enacted by the Government of India or any Statutory Authority. I hereby provide my consent in accordance with Aadhaar Act, 2016 and regulations made thereunder, for (i) collecting, storing and usage (ii) validating/authenticating and (ii) updating my Aadhaar number(s) in accordance with the Aadhaar Act, 2016 (and regulations made thereunder) and PMLA. I hereby provide my consent for sharing/disclose of the Aadhaar number(s) including demographic information with the asset management companies of SEBI registered intermediaries, their Registrar and Transfer Agents (RTA)/Service Providers for the purpose of updating the same in all my/our folios.

10. DECLARATION & SIGNATURES

Relationship withapplicant

SIP Registration/Renewal Form (for OTM registered investors only)

Sole / FirstApplicant's Signature Mandatory

x FirstUnitHolder’sSignature

SecondUnitHolder’sSignature

ThirdUnitHolder’sSignature

Please tick as applicable: OTM Debit Mandate is already registered in the folio. [No need to submit again]. OTM Debit Mandate is attached and to be registered in the folio.The total of all installments in a day should be less than or equal to the amount as mentioned in One Time Mandate already registered or submitted, if not registered.

Attention: No need to attach OTM Debit Mandate again, if already registered earlier.

DEBIT MANADATE FORM SIP FORM

Acknowledgement DSP BlackRock Mutual FundInvestor Name: Folio No/Application No.

Investor Name: Existing Investor Folio No./Application No.

I/We confirm that the EUIN box is intentionally left blank by me/us as this is an “execution-only”transaction without any interac-tion or advice by the distributor personnel concerned. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors’ assessment of various factors including the service rendered by the distributor.

ISC Stamp

Debit Bank Details: Bank Name: A/C. No.:

Debit Mandate Checklist: SIP Registration Checklist: ● Distributor code & details, if any,● Name, Folio No. / Application No.● Scheme/s details● Date, Other details● Signature/s

● Distributor code & details, if any,● Bank Account Number, Bank Name, IFSC or MICR Code● Amount in words AND in Figures, as you would in a cheque

(your maximum limit)● Your NAME and SIGNATURE as in your bank account

Website : www.dspblackrock.com | E-mail : [email protected] | Contact Centre : 1-800-200-4499

(*Maximum per Installment Amount after Top-Up shall not exceed Rs. Five Lakh) (*Default option) (*Default End Month/Year - 12/2099)

1.

2.

3.

Scheme/Plan/Option/Sub-option(Mention Cheque details, if attached)

SIP Installment Amount (`)

Sr.No.

Top-Up (Minimum ` 500 or in Percentage %)FrequencyAmount (`) or Percentage %)

Declaration: Having read, understood and agreed to the contents of OTM Facility, the Scheme Information Document, Statement of Additional Information, Key Information Memorandum, Instructions and Addenda issued from time to time of the respective Scheme(s) of DSP BlackRock Mutual Fund mentioned within, I hereby declare that the particulars given above are correct and express my willingness to make payments towards SIP instalments referred above through participation in NACH/ECS/Direct Debit/Standing Instructions. The ARN holder, where applicable, has disclosed to me/us all the commissions (trail commission or any other mode), payable to him for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us.Signatures [as per Mutual Fund Records/Application]

1st* 7th

10th 14th

15th 21st

25th 28th

1st* 7th

10th 14th

15th 21st

25th 28th

1st* 7th

10th 14th

15th 21st

25th 28th

Monthly*

Quarterly

Monthly*

Quarterly

Monthly*

Quarterly

Start Month/YearEnd Month/Year*

SIP Date( one only)

Frequency

M M Y Y Y Y

M M Y Y Y Y

to

M M Y Y Y Y

M M Y Y Y Y

to

M M Y Y Y Y

M M Y Y Y Y

to

DSPBR -

DSPBR -

DSPBR -

Distributor/RIA Name and ARN/Code Sub Broker ARN & Name Sub Broker/Branch/RM Internal Code EUIN (Refer note below) For Office use only

Distributor/RIA Name and ARN/Code Sub Broker ARN & Name Sub Broker/Branch/RM Internal Code EUIN (Refer note below) For Office use only

The following Mandate needs to be submitted only once for registration with or without SIP form. Once the mandate is registered, investor need not submit mandate again and can do lump sum investments, start new SIP registrations, using Physical Forms, Call, SMS or Online.

Please attach a cancelled cheque/cheque copy

OTM Debit Mandate Form NACH/ECS/DIRECT DEBIT[Applicable for Lumpsum Additional Purchases as well as SIP Registrations]

Declaration: This is to confirm that the declaration has been carefully read, understood and made by me/us. I/We have understood that I/we are authorised to cancel/amend this mandate by appropriately communicating the cancellation/amendment request to the User entity or the bank where I have authorised the debit and express my willingness and authorize to make payments through participation in NACH/ECS/Direct Debit/Standing Instructions. I/We hereby confirm adherence to the terms of OTM Facility and as amended from time to time and of NACH/ECS (Debits)/Direct Debits /Standing Instructions. Authorisation to Bank: This is to inform that I/We have registered for ECS / NACH (Debit Clearing) / Direct Debit / Standing instructions facility and that my/our payment towards my/our investment in DSP BlackRock Mutual Fund shall be made from my/our above mentioned bank account with your Bank. I/We authorize the representatives of DSP BlackRock Mutual Fund carrying this mandate form to get it verified and executed.

an amount of Rupees `FREQUENCY Mthly Qtly H. Yrly Yrly As & when presented DEBIT TYPE Fixed Amount Maximum Amount

Bank A/c No.:

Bank Name & BranchWithBank:

OR MICRIFSC

Office use onlyUMRN

Office use onlySponsor Bank Code Office use onlyUtility Code

I/We hereby authorize: DSP BLACKROCK MUTUAL FUND Schemes to debit (tick) SB / CA / CC / SB-NRE / SB-NRO / Other

Date

Reference 1 MobileFolio No:

Reference 2 Email idAppln No:

Tick()CREATEMODIFYCANCEL

Until Cancelled

From D D M M Y Y Y Y

to

or

PERIOD

Signature of Account Holder1.

Name of Account Holder1.





D D M M Y Y Y Y

I agree for the debit of mandate processing charges by the bank whom I am authorising to debit my account as per latest schedule of charges of the bank.

D D M M Y Y Y Y

In FiguresIn Words

Total

D D M M Y Y Y YFirst SIP transactions via single cheque no. favouring ‘DSP BlackRock Mutual Fund’ Dated

Half-yearly

Yearly*`

Top-Up CAP*:

%OR

Half-yearly

Yearly*`

Top-Up CAP*:

%OR

Half-yearly

Yearly*`

Top-Up CAP*:

%OR

V3 2

0/AP

R/20

17

Instructions• Investors who have already submitted an OTM form or already registered for OTM facility should not submit OTM form again

as OTM registration is a one-time process only for each bank account. However, such investors if wish to add a new bank account towards OTM facility may fill the form.

• Other investors, who have not registered for OTM facility, may fill the OTM form and submit duly signed with their name mentioned.

• Mobile Number and Email Id: Unit holder(s) should mandatorily provide their mobile number and email id on the mandate form. Where the mobile number and email id mentioned on the mandate form differs from the ones as already existing in the folio, the details provided on the mandate will be updated in the folio. All future communication whatsoever would be, thereafter, sent to the updated mobile number and email id.

• Unit holder(s) need to provide along with the mandate form an original cancelled cheque (or a copy) with name and account number pre-printed of the bank account to be registered or bank account verification letter for registration of the mandate failing which registration may not be accepted. The Unit holder(s) cheque/ bank account details are subject to third party verification.

• Investors are deemed to have read and understood the terms and conditions of OTM Facility, SIP registration through OTM facility, the Scheme Information Document, Statement of Additional Information, Key Information Memorandum, Instructions and Addenda issued from time to time of the respective Scheme(s) of DSP BlackRock Mutual Fund.

Instructions• With the introduction of One Time mandate (OTM) facility, the mandate registration and SIP registration through OTM facility

has been delinked. There are two separate forms, 1) for onetime mandate registration and 2) for SIP Registration.• Where a onetime mandate is already registered in a folio for a bank account, the Unit Holder(s) will have to fill only the SIP

Registration Form and there is no need of a separate cheque to be given along with the SIP Registration Form.• Where the mandate form and the SIP registration form are submitted together, debits for the SIP may happen only on

successful registration of the mandate by the Unit holder(s) bank. The Fund / AMC would present the SIP transactions or lump sum purchase transactions without waiting for the confirmation of the successful registration from the Unit holder(s)’ bank.

• In case the onetime mandate is successfully registered, new SIP registration will take upto five days. The first debit may happen any time thereafter, based on the dates opted by the Unit holder(s).

• While the Fund and RTA reserve the right to enhance the SIP period to ensure minimum installments as per respective scheme offer documents, even if the investor has submitted the form late or requested for a period less than minimum installments, they may reject the applications for less than minimum installments.

• If start date for SIP period is not specified, SIP will be registered to start anytime from a period after five days from the date of receipt of application based on the SIP date available / mentioned, subject to mandate being registered. If end date is not specified, SIP will be registered till December 2099 or end date of mandate, whichever is earlier.

• If any time during the SIP period, the onetime mandate is to be modified to reduce the validity period which is more than SIP end period registered through OTM, investor should first cancel the SIP and thereafter modify the OTM end period.

• In case of Micro SIP application without PAN, the investor/s hereby declare that they do not have any existing Micro SIPs with DSP BlackRock Mutual Fund which together with the current application will result in aggregate investments exceeding Rs. 50,000 in a year.

• For detailed terms and conditions on SIP, including for OTM facility, please visit our website www.dspblackrock.com and also refer to scheme related documents.

• For SIPs through OTM, the maximum per installment amount after Top-Up shall not exceed Rs. Five lakhs or the maximum amount mentioned in OTM form, whichever is less.

• The Top-up details cannot be modified once enrolled. In order to make any changes, the investor needs to cancel the existing SIP and enroll for a fresh SIP with Top-up option.

I/We acknowledge and confirm that the information provided above is/are true and correct to thebestofmy/ourknowledgeandbeliefandprovidedafternecessaryconsultationwithtaxprofessionals.I / We have understood the information requirements of the application form, including FATCA and CRS requirements, terms and conditions (read along with instructions and scheme related documents) and herebyconfirmthattheinformationprovidedbyme/usonthisformaretrue,correct,andcomplete.

Place :

Page 1 of 2

Date :

Authorized Signatories [with Company/Trust/Firm/Body Corporate seal]

FATCA and CRS DETAILS (Mandatory)(PleaseconsultyourprofessionaltaxadvisorforfurtherguidanceonFATCA&CRSclassification)

PART I (to be fi lled by Financial Institutions or Direct Reporting NFEs)We are a, (please tick as appropriate) Financial Institution (Refer defi nition A) or Direct reporting NFE (Refer defi nition B)

G I I N

Note: If you do not have a GIIN but you are sponsored by another entity, please provide your sponsor'sGIIN above and indicate your sponsor's name below

Name of sponsoring entity:

G I I N - Not Available Applied for

If the entity is a financial institution, Not required to apply for - please specify 2 digits sub-category (referdefinitionC)

Notobtained–Non-participatingFI

PART II (please fill Any One as appropriate, to be filled by NFEs other than Direct Reporting NFEs)Is the Entity a publicly traded company? (that is, a company whose shares are regularly traded on an established securities market) (Refer defi nition D1)

Yes (If yes, please specify any one stock exchange on which the stock is regularly traded) Name of stock exchange_______________________________________________________________________

Is the Entity a related entity of a publicly traded company?(a company whose shares are regularly traded on an established securities market) (Refer defi nition D2)

Yes (If yes, please specify name of the listed company and one stock exchange on which the stock is regularly traded) Name of listed company______________________________________________________________________Nature of relation: Subsidiary of the Listed Company OR Controlled by a Listed Company

Name of stock exchange_______________________________________________________________________

Is the Entity an Active NFE?(Refer defi nition D3)

Yes Also provide UBO Form

Nature of Business____________________________________________________________________________

Please specify the sub-category of Active NFE (Mention code - refer D3)

Is the Entity a Passive NFE?(Refer defi nition E2)

Yes Also provide UBO Form

Nature of Business_____________________________________________________________________________

FATCA, CRS AND ADDITIONAL KYC

PleasereferPage2forDefinitions/Instructions/Guidance Mandatory for Non-Individual Investors, including HUFDetails and Declaration form

INVESTOR DETAILS

Entity Name:

Folio Nos

Type of Address given at KRA

PAN Application No.

INCORPORATION and TAX RESIDENCY DETAILS (Mandatory)City of Incorporation: Country of Incorporation: Date of Incorporation:

Is Entity a tax resident of any country other than India?

Yes No (If yes, please provide country/ies in which the entity is a resident for tax purposes and the associated Tax ID number below)

IncaseTINoritsfunctionalequivalentisnotavailable,pleaseprovideCompanyIdentificationnumberofGlobalEntityIdentificationNumberorGIIN,etc.

Country of Tax Residency TIN or equivalent number IdentificationType/Reason*1.

2.

3.

4.

IncasetheEntity'sCountryofIncorporation/TaxresidenceisU.S.butEntityisnotaSpecifiedU.S.Person(asperdefinitionE5),pleasementiontheexemptioncodeinthebox: (referdefinitionD4)

Gross Annual Income (Please tick ) Below 1 Lac 1-5 Lacs 5-10 Lacs 10-25 Lacs >25 Lacs-1 crore >1 crore

Net-worth in `_____________________________ as on DD M/ /M YY YY (Not older than 1 year)

ADDITIONAL KYC DETAILS (Mandatory)

Residential or Business Residential Business RegisteredOffice

V2 1

5/N

OV/

2016

A. Financial Institution (FI)- The term FI means any fi nancial institution that is a:1 Depository institution: Accepts deposits in the ordinary course of banking or similar business.2 Custodial institution: An entity that as a substantial portion of its business, holds fi nancial assets for the

account of others and where the entity's gross income attributable to holding fi nancial assets and related fi nancial services equals or exceeds 20 percent of the entity's gross income during the shorter of-

(a) The three-year period ending on December 31 of the year preceding the year in which the determination is made;

(b) The period during which the entity has been in existence before the determination is made)3 Investment entity : Conducts a business or operates for or on behalf of a customer for any of the following

activities: (a) Trading in money market instruments, foreign exchange, foreign currency,etc. (b) Individual or collective portfolio management. (c) Investing, administering or managing funds, money or fi nancial asset on behalf of other persons. [OR] The gross income of which is primarily attributable to investing, reinvesting, or trading in fi nancial assets, if the entity is managed by another entity that is a depository institution, a custodial institution, a specifi ed insurance company, or an investment entity described herein.An entity is treated as primarily conducting as a business one or more of the 3 activities described above, or an entity's gross income is primarily attributable to investing, reinvesting, or trading in fi nancial assets of the entity's gross income attributable to the relevant activities equals or exceeds 50 percent of the entity's gross income during the shorter of: (i) The three-year period ending on 31 March of the year preceding the year in which the determination is made; or (ii) The period during which the entity has been in existence.

4 Specifi ed Insurance company: Entity issuing insurance products i.e. life insurance or cash value products.5 Holding company or treasury company: Is an entity that is a holding company or treasury centre that

is a part of an expanded affi liate group that includes a depository, custodial institution, specifi ed insurance company or investment entity

B. Direct Reporting NFE: means a Non-fi nancial Entity (NFE) that elects to report information about its direct or indirect substantial U.S. owners to the IRS

C. GIIN not required: Categories with codesCode Sub-Category

01 Governmental Entity, International Organization or Central Bank 02 Treaty Qualifi ed Retirement Fund; a Broad Participation Retirement Fund; a Narrow

Participation Retirement Fund; or a Pension Fund of a Governmental Entity, International Organization or Central Bank

03 Non-public fund of the armed forces, an employees' state insurance fund, a gratuity fund or a provident fund

04 Entity is an Indian FI solely because it is an investment entity 05 Qualifi ed credit card issuer 06 Investment Advisors and Investment Managers 07 Exempt collective investment vehicle 08 Trustee of an Indian Trust 09 FI with a local client base 10 Non-registering local banks 11 FI with only Low-Value Accounts 12 Sponsored investment entity and controlled foreign corporation 13 Sponsored, Closely Held Investment Vehicle 14 Owner Documented FI

D. Non-Financial Entity (NFE): Entity that is not a fi nancial institution (including a territory NFE). Types of NFEs excluded from FATCA reporting are as below:

1. Publicly traded corporation (listed company): A company is publicly traded if its stock are regularly traded on one or more established securities markets.

2. Related entity of a listed company: The NFE is a related entity of an entity of which is regularly traded on an established securities market;

3. Active NFE: (is any one of the following):

Code Sub-Category 01 Less than 50 percent of the NFE’s gross income for the preceding fi nancial year or other appropriate

reporting period is passive income and less than 50 percent of the assets held by the NFE during the preceding calendar year or other appropriate reporting period are assets that produce or are held for the production of passive income;

02 The NFE is a Governmental Entity, an International Organization, a Central Bank, or an entity wholly owned by one or more of the foregoing;

03 Substantially all of the activities of the NFE consist of holding (in whole or in part) the outstanding stock of, or providing fi nancing and services to, one or more subsidiaries that engage in trades or businesses other than the business of a Financial Institution, except that an entity shall not qualify for NFE status if the entity functions (or holds itself out) as an investment fund, such as a private equity fund, venture capital fund, leveraged buyout fund, or any investment vehicle whose purpose is to acquire or fund companies and then hold interests in those companies as capital assets for investment purposes;

04 The NFE is not yet operating a business and has no prior operating history, but is investing capital into assets with the intent to operate a business other than that of a Financial Institution, provided that the NFE shall not qualify for this exception after the date that is 24 months after the date of the initial organization of the NFE;

05 The NFE was not a Financial Institution in the past fi ve years, and is in the process of liquidating its assets or is reorganizing with the intent to continue or recommence operations in a business other than that of a Financial Institution;

06 The NFE primarily engages in fi nancing and hedging transactions with, or for, Related Entities that are not Financial Institutions, and does not provide fi nancing or hedging services to any Entity that is not a Related Entity, provided that the group of any such Related Entities is primarily engaged in a business other than that of a Financial Institution;

07 Any NFE is a ‘non for profi t’ organization which meets all of the following requirements:● It is established and operated in its jurisdiction of residence exclusively for religious, charitable,

scientifi c, artistic, cultural, athletic, or educational purposes; or it is established and operated in its jurisdiction of residence and it is a professional organization, business league, chamber of commerce, labor organization, agricultural or horticultural organization, civic league or an organization operated exclusively for the promotion of social welfare;

● It is exempt from income tax in India;● It has no shareholders or members who have a proprietary or benefi cial interest in its income

or assets;

The applicable laws of the NFE’s jurisdiction of residence or the NFE’s formation documents require that, upon the NFE’s liquidation or dissolution, all of its assets be distributed to a governmental entity or other non-profi t organization, or escheat to the government of the NFE’s jurisdiction of residence or any political subdivision thereof.4. Exemption Codes for U.S. persons:

5 Holding company or treasury company: Is an entity that is a holding company or treasury centre that is a part of an expanded affi liate group that includes a depository, custodial institution, specifi ed insurance company or investment entity

B. Direct Reporting NFE: means a Non-fi nancial Entity (NFE) that elects to report information about its direct or indirect substantial U.S. owners to the IRS

C. GIIN not required categories with codes

Code Sub-Category A An organization exempt from tax under section 501(a) or any individual retirement plan as defi ned

in section 7701(a)(37)B The United States or any of its agencies or instrumentalitiesC A state, the District of Columbia, a possession of the United States, or any of their political

subdivisions or instrumentalitiesD A corporation the stock of which is regularly traded on one or more established securities markets,

as described in Reg. section 1.1472-1(c)(1)(i)E A corporation that is a member of the same expanded affi liated group as a corporation described

in Reg. section 1.1472-1(c)(1)(i)

F A dealer in securities, commodities, or derivative fi nancial instruments (including notional principal contracts, futures, forwards, and options) that is registered as such under the laws of the United States or any state

G A real estate investment trustH A regulated investment company as defi ned in section 851 or an entity registered at all times during

the tax year under the Investment Company Act of 1940I A common trust fund as defi ned in section 584(a)J A bank as defi ned in section 581K A brokerL A trust exempt from tax under section 664 or described in section 4947(a)(1)M A tax exempt trust under a section 403(b) plan or section 457(g) plan14 Owner Documented FI

E. Other defi nitions1 Related entity: An entity is a related entity of another entity if either entity controls the other entity or the two

entities are under common control. For this purpose, control includes direct or indirect ownership of more than 50% of the vote or value in an entity.

2 Passive NFE: The term passive NFE means any NFE that is not (i) an Active NFE (including publicly traded entities or their related entities), or (ii) a withholding foreign partnership or withholding foreign trust pursuant to relevant U.S. Treasury Regulations.(Note: Foreign persons having controlling interest in a passive NFE are liable to be reported for tax information compliance purposes)

3 Passive income: The term passive income means the portion of gross income that consists of: (a) Dividends, including substitute dividend amounts; (b) Interest; (c) Income equivalent to interest, including substitute interest and amounts received from or with respect to a pool of insurance contracts if the amounts received depend in whole or part upon the performance of the pool; (d) Rents and royalties, other than rents and royalties derived in the active conduct of a trade or business conducted, at least in part, by employees of the NFE; (e) Annuities; (f) The excess of gains over losses from the sale or exchange of property that gives rise to passive income described in this section.; (g) The excess of gains over losses from transactions (including futures, forwards, and similar transactions) in any commodities, but not including: (i) Any commodity hedging transaction, determined by treating the entity as a controlled foreign corporation; or (ii) Active business gains or losses from the sale of commodities, but only if substantially all the foreign entity’s commodities are property (h) The excess of foreign currency gains over foreign currency losses; (i) Net income from notional principal contracts; (j) Amounts received under cash value insurance contracts; (k) Amounts earned by an insurance company in connection with its reserves for insurance and annuity contracts

4 Controlling persons: Controlling persons are natural persons who exercise control over an entity. In the case of a trust, such term means the settlor, the trustees, the protector (if any), the benefi ciaries or class of benefi ciaries, and any other natural person exercising ultimate effective control over the trust. In the case of a legal arrangement other than trust, such term means persons in equivalent or similar positions.The term “Controlling Persons” shall be interpreted in a manner consistent with the Financial Action Task Force recommendations.

5 Specifi ed US Persons – Any US Person other than i). A publicly traded corporation; ii). A corporation that is a member of the same expanded affi liate group; iii). A tax exempt organization; iv). an individual retirement plan; v). the United States or an agency or instrumentality of the United States; vi). Any state [including District of Columbia and United States possession] or State Authorities; vii). A bank, viii). A real estate investment trust; ix). A regulated investment company; x). an entity registered with the SEC under the Investment Company Act of 1940; xi). A common trust fund; xii). A tax exempt trust; xiii). A registered dealer; xiv). A registered broker

6 Expanded affi liated group: Expanded affi liated group is defi ned to mean one or more chains of members connected through ownership (50% or more, by vote or value, as the case may be) by a common parent entity if the common parent entity directly owns stock or other equity interests meeting the requirements in at least one of the other members.

7 Owner documented FI: An FI meeting the following requirements:(i) The FI is an FI solely because it is an investment entity; (ii) The FI is not owned by or related to any FI that is a depository institution, custodial institution, or specifi ed insurance company; (iii) The FI does not maintain a fi nancial account for any nonparticipating FI; (iv) The FI provides the designated withholding agent with all of the documentation and agrees to notify the withholding agent if there is a change in circumstances; and (v) The designated withholding agent agrees to report to the IRS (or, in the case of a reporting Model 1 FI, to the relevant foreign government or agency thereof) all of the information described in or (as appropriate) with respect to any specifi ed U.S. persons and (2). Notwithstanding the previous sentence, the designated withholding agent is not required to report information with respect to an indirect owner of the FI that holds its interest through a participating FI, a deemed-compliant FI (other than an owner-documented FI), an entity that is a U.S. person,an exempt benefi cial owner, or an excepted NFE.

Defi nitions/ Instructions / Guidance Page 2 of 2

Nam

e:

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.:

A: A

PPLI

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Ultim

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(UBO

) Dec

larat

ion

form

(Man

dato

ry fo

r Non

-Indi

vidua

l App

lican

ts/In

vest

ors,

inclu

ding

HUF

)

I/Weackn

owledg

ean

dconfirmtha

ttheinform

ationprovided

abo

veis/a

retruean

dcorrecttothe

bestofm

y/ou

rkn

owledg

ean

dbe

liefa

ndprovide

dafterne

cessaryconsultation

withtaxprofession

als.

I / W

e ha

ve u

nder

stoo

d th

e in

form

atio

n re

quir

emen

ts o

f th

e ap

plic

atio

n fo

rm,

incl

udin

g FA

TCA

and

CRS

requ

irem

ents

, te

rms

and

cond

itio

ns (

read

alon

gwithinstructionsand

schem

erelateddo

cumen

ts)an

dhe

reby

accep

tthesamean

dfurthe

rconfirmtha

ttheinform

ationprovided

byme/

uson

thisformaretrue,correct,a

ndcom

plete.

Date

:Pa

ge 1

of 2

Aut

hori

zed

Sign

ator

ies

[wit

h Co

mpa

ny/T

rust

/Fir

m/B

ody

Corp

orat

e se

al]

B: C

ATEG

ORY

[tic

k ap

plic

able

cat

egor

y]:

Unl

isted

Com

pany

P

artn

ersh

ip F

irm

LLP

U

ninc

orpo

rate

d as

socia

tion

/ bod

y of

indi

vidua

ls

Pub

lic C

harit

able

Tru

st

Rel

igio

us T

rust

P

rivat

e Tr

ust/

Trus

t cre

ated

by

a W

ill

Oth

ers

____

____

____

____

____

_ [p

leas

e sp

ecify

]

C: D

ETA

ILS

OF

ULT

IMAT

E B

ENEF

ICIA

L O

WN

ERS

(If th

e gi

ven

spac

e be

low

is n

ot a

dequ

ate,

ple

ase

atta

ch m

ultip

le d

ecla

ratio

n fo

rms)

Pl

ease

list

bel

ow e

ach

cont

rollin

g pe

rson

, con

fi rm

ing

ALL

coun

tries

of t

ax re

siden

cy /

perm

anen

t add

ress

/ cit

izens

hip

and

ALL

Tax

Iden

tifi c

atio

n Nu

mbe

rs fo

r EAC

H co

ntro

lling

pers

on. Ifthegivenrowsareno

tsufficien

t,req

uiredinform

ationinthe

given

form

atcan

been

closed

asad

dition

alshe

et(s)du

lysigne

dby

Autho

rizedSignatories.

This

decla

ratio

n is

NOT

need

ed fo

r Com

pani

es th

at ar

e List

ed o

n an

y rec

ogni

zed

stoc

k exc

hang

e in

Indi

a or i

s a S

ubsid

iary o

f suc

h Li

sted

Com

pany

or i

s Con

trolle

d by

such

List

ed C

ompa

ny

S N

oN

ame

of U

BO

[Man

dato

ry]

Coun

try

of

Tax

Resi

denc

y

PAN

/ T

axpa

yer

Iden

tifi c

atio

n N

umbe

r /

Equi

vale

nt ID

N

umbe

r

Doc

umen

t Ty

pe(R

efer

In

stru

ctio

n 4)

% o

f be

nefi c

ial

inte

rest

Cont

rolli

ng

pers

on t

ype

Code

(R

efer

In

stru

ctio

n 5)

Plac

e &

Co

untr

y of

Bi

rth

[----

----

----

----

----

----

----

----

----

----

----

----

----

----

----

Man

dato

ry -

----

----

----

----

----

----

----

----

----

----

----

----

----

----

---]

1 2 3 4 5

Dat

e of

Bir

th

[dd-

mm

m-

yyyy

]

Add

ress

& C

onta

ct

deta

ils [

incl

ude

City

, Pi

ncod

e, S

tate

, Co

untr

y

Gen

der

[Mal

e,

Fem

ale,

ot

hers

]

Fath

er’s

Nam

eN

atio

nalit

yO

ccup

atio

n

[---

----

----

----

----

----

----

---M

anda

tory

, if

PA

N n

ot p

rovi

ded-

----

----

----

----

----

----

----

-]

□ Se

rvic

e

□ Bu

sine

ss

□ O

ther

s

□ Se

rvic

e

□ Bu

sine

ss

□ O

ther

s

□ Se

rvic

e

□ Bu

sine

ss

□ O

ther

s

□ Se

rvic

e

□ Bu

sine

ss

□ O

ther

s

□ Se

rvic

e

□ Bu

sine

ss

□ O

ther

s

Inst

ruct

ions

on

cont

rolli

ng p

erso

ns /

Ultim

ate

bene

fi cia

l ow

ner

As p

er S

EBI M

aste

r Circ

ular

No.

CIR

/ISD/

AML/

3/20

10 d

ated

Dec

embe

r 31,

201

0 re

gard

ing

Clie

nt D

ue D

iligen

ce p

olicy

, re

late

d cir

cula

rs o

n an

ti-m

oney

laun

derin

g an

d SE

BI c

ircul

ar N

o. C

IR/M

IRSD

/2/2

013

date

d Ja

nuar

y 24

, 201

3, n

on-

indi

vidua

ls an

d tru

sts

are

requ

ired

to p

rovid

e de

tails

of c

ontro

lling

pers

ons

[CP]

/ ul

timat

e be

nefi c

iary

own

er [U

BO] a

nd

subm

it ap

prop

riate

pro

of o

f ide

ntity

of s

uch

CPs/

UBO

s. T

he b

enefi

cia

l own

er h

as b

een

defi n

ed in

the

circu

lar a

s th

e na

tura

l per

son

or p

erso

ns, w

ho u

ltimat

ely o

wn, c

ontro

l or i

nfl u

ence

a cl

ient

and

/or p

erso

ns o

n wh

ose

beha

lf a tr

ansa

ctio

n is

bein

g co

nduc

ted,

and

inclu

des

a pe

rson

who

exe

rcise

s ul

timat

e ef

fect

ive c

ontro

l ove

r a le

gal p

erso

n or

arra

ngem

ent.

1.

For I

nves

tors

oth

er th

an in

divi

dual

s or

trus

ts:

(i)

The

iden

tity

of th

e na

tura

l per

son,

who

, whe

ther

act

ing

alon

e or

toge

ther

, or t

hrou

gh o

ne o

r mor

e ju

ridica

l pe

rson

, ex

ercis

es c

ontro

l thr

ough

own

ersh

ip o

r wh

o ul

timat

ely

has

a co

ntro

lling

owne

rshi

p in

tere

st.

Cont

rollin

g ow

ners

hip

inte

rest

mea

ns o

wner

ship

of/e

ntitle

men

t to:

-

mor

e th

an 2

5% o

f sha

res

or c

apita

l or p

rofi t

s of

the

jurid

ical p

erso

n, w

here

the

jurid

ical p

erso

n is

a co

mpa

ny;

-

mor

e th

an 1

5% o

f the

capi

tal o

r pro

fi ts o

f the

jurid

ical p

erso

n, w

here

the

jurid

ical p

erso

n is

a pa

rtner

ship

;-

m

ore

than

15%

of t

he p

rope

rty o

r cap

ital o

r pro

fi ts

of th

e ju

ridica

l per

son,

whe

re th

e ju

ridica

l per

son

is an

uni

ncor

pora

ted

asso

ciatio

n or

bod

y of

indi

vidua

ls.(ii

) In

cas

es w

here

ther

e ex

ists

doub

t und

er c

laus

e (i)

abo

ve a

s to

whe

ther

the

pers

on w

ith th

e co

ntro

lling

owne

rshi

p in

tere

st is

the

bene

fi cia

l own

er o

r whe

re n

o na

tura

l per

son

exer

ts c

ontro

l thr

ough

own

ersh

ip

inte

rest

s, th

e id

entit

y of

the

natu

ral p

erso

n ex

ercis

ing

cont

rol o

ver

the

jurid

ical p

erso

n th

roug

h ot

her

mea

ns lik

e th

roug

h vo

ting

right

s, a

gree

men

t, ar

rang

emen

ts o

r in

any

othe

r man

ner.

(iii)

Whe

re n

o na

tura

l per

son

is id

entifi

ed

unde

r cla

uses

(i) o

r (ii)

abo

ve, t

he id

entit

y of

the

rele

vant

nat

ural

pe

rson

who

hol

ds th

e po

sitio

n of

sen

ior m

anag

ing

offi c

ial.

2.

For I

nves

tors

whi

ch is

a tr

ust:

The

iden

tity

of th

e se

ttler

of t

he tr

ust,

the

trust

ee, t

he p

rote

ctor

, the

ben

efi c

iarie

s wi

th 1

5% o

r mor

e in

tere

st in

the

trust

an

d an

y ot

her n

atur

al p

erso

n ex

ercis

ing

ultim

ate

effe

ctive

con

trol o

ver t

he tr

ust t

hrou

gh a

cha

in o

f con

trol o

r own

ersh

ip.

3.

Exem

ptio

n in

cas

e of

list

ed c

ompa

nies

/ fo

reig

n in

vest

ors:

The

clien

t or t

he o

wner

of t

he c

ontro

lling

inte

rest

is a

com

pany

list

ed o

n a

stoc

k ex

chan

ge, o

r is

a m

ajor

ity-o

wned

su

bsid

iary

of s

uch

a co

mpa

ny, it

is n

ot n

eces

sary

to id

entif

y and

verif

y the

iden

tity o

f any

shar

ehol

der o

r ben

efi c

ial o

wner

of

suc

h co

mpa

nies

. Int

erm

edia

ries

deal

ing

with

fore

ign

inve

stor

s’ viz

., Fo

reig

n In

stitu

tiona

l Inv

esto

rs, S

ub A

ccou

nts

and

Qua

lifi ed

For

eign

Inve

stor

s, m

ay b

e gu

ided

by

the

clarifi

cat

ions

issu

ed v

ide

SEBI

circ

ular

CIR

/MIR

SD/1

1/20

12 d

ated

Se

ptem

ber 5

, 201

2, fo

r the

pur

pose

of i

dent

ifi cat

ion

of b

enefi

cia

l own

ersh

ip o

f the

clie

nt

4. D

ocum

ent T

ype:

Ple

ase

men

tion

the

Code

or D

ocum

ent a

s pe

r tab

le b

elow

Cod

eD

escr

iptio

nA

Pas

spor

t

BE

lect

ion

ID C

ard

CPA

N C

ard

DID

Car

d

ED

rivin

g Li

cens

e

GU

IDIA

/ A

adha

r let

ter

HN

RE

GA

Job

Car

d

ZO

ther

s

5.

Cont

rolli

ng P

erso

n Ty

pe [U

BO] C

odes

: Ple

ase

men

tion

the

Code

as

per t

able

bel

ow

CP

Type

Cod

eD

escr

iptio

nC

01C

P of

lega

l per

son

- ow

ners

hip

C02

CP

of le

gal p

erso

n - o

ther

mea

ns

C03

CP

of le

gal p

erso

n - s

enio

r man

agin

g of

fi cia

l

C04

CP

of le

gal a

rran

gem

ent -

trus

t - s

ettlo

r

C05

CP

of le

gal a

rran

gem

ent -

trus

t - tr

uste

e

C06

CP

of le

gal a

rran

gem

ent -

trus

t - p

rote

ctor

C07

CP

of le

gal a

rran

gem

ent -

trus

t - b

enefi

cia

ry

C08

CP

of le

gal a

rran

gem

ent -

trus

t - o

ther

C09

CP

of le

gal a

rran

gem

ent -

trus

t - o

ther

- se

ttlor

equ

ival

ent

C10

CP

of le

gal a

rran

gem

ent -

trus

t - o

ther

- tru

stee

- eq

uiva

lent

C11

CP

of le

gal a

rran

gem

ent -

trus

t - o

ther

- pr

otec

tor e

quiv

alen

t

C12

CP

of le

gal a

rran

gem

ent -

trus

t - o

ther

- be

nefi c

iary

- eq

uiva

lent

C13

CP

of le

gal a

rran

gem

ent -

trus

t - o

ther

- ot

her -

equ

ival

ent

C14

Unk

now

n

Page

2 o

f 2

Ver

sion

1.3

Form

for ‘

Aad

haar

Lin

king

of A

utho

rized

Sig

nato

ries’

Cer

tific

ate

from

Com

pany

Sec

reta

ry/a

ny o

ther

com

pete

nt a

utho

rity

of th

e O

rgan

izat

ion

To

MFR

TAs/

Mut

ual F

unds

<A

ddre

ss>

Nam

e of

th

e N

on-In

divi

dual

PAN

: I/W

e, _

____

____

____

____

____

____

____

___,

Com

pany

Sec

reta

ry /

Com

pete

nt A

utho

rity

(to is

sue

this

cer

tific

atio

n on

beh

alf o

f the

org

aniz

atio

n) h

ereb

y co

nfirm

that

enc

lose

d lis

t of

per

sonn

el c

over

s al

l au

thor

ized

sig

nato

ries

(ass

ocia

ted

with

MF

inve

stm

ents

and

allie

d ac

tiviti

es)

on b

ehal

f ou

r or

gani

zatio

n. T

hese

sig

nato

ries

have

con

sent

ed i

n ac

cord

ance

with

Aad

haar

Act

, 20

16 a

nd r

egul

atio

ns m

ade

ther

eund

er,

for

(i) c

olle

ctin

g, s

torin

g an

d us

age

(ii)

valid

atin

g/au

then

ticat

ing

and

(ii)

upda

ting

thei

r Aa

dhaa

r nu

mbe

r(s)

in a

ccor

danc

e w

ith th

e Aa

dhaa

r Act

, 201

6 (a

nd re

gula

tions

mad

e th

ereu

nder

) and

PM

LA. C

onse

nt is

als

o pr

ovid

ed b

y th

em fo

r sha

ring/

disc

losi

ng o

f the

ir Aa

dhaa

r nu

mbe

r(s)

incl

udin

g de

mog

raph

ic in

form

atio

n w

ith a

ll S

EBI r

egis

tere

d M

utua

l Fun

ds/A

MC

s an

d th

eir R

egis

trar a

nd T

rans

fer A

gent

(RTA

) for

the

purp

ose

of u

pdat

ing

the

sam

e in

the

corr

espo

ndin

g no

n-in

divi

dual

s fo

lios.

Th

is in

form

atio

n is

pro

vide

d to

com

ply

with

the

PM

LA re

quire

men

ts in

clud

ing

shar

ing

of in

form

atio

n w

ith re

gula

tory

/sta

tuto

ry a

utho

ritie

s an

d sh

ould

not

be

used

for a

ny o

ther

pu

rpos

e un

less

it is

req

uire

d un

der

any

law

/ r

egul

ator

y pu

rpos

e. W

e he

reby

con

firm

tha

t gi

ven

info

rmat

ion

is t

rue,

rel

iabl

e an

d al

so a

ssur

e yo

u to

sha

re t

he c

hang

es /

m

odifi

catio

ns fr

om ti

me

to ti

me,

if a

ny th

roug

h ap

prop

riate

mea

ns to

MFR

TAs/

parti

cipa

ting

MFs

for u

pdat

es a

nd o

nwar

d sh

arin

g.

Reg

ards

Fo

r <N

ame

of th

e N

on-In

divi

dual

)>

<Com

pany

Sec

reta

ry /

Com

pete

nt A

utho

rity

(Nam

e &

Sign

with

sta

mp/

seal

)>

Encl

osed

: Lis

t of A

utho

rized

Sig

nato

ries

alon

g w

ith th

eir A

adha

ar c

ard

copi

es

Ver

sion

1.3

A

nnex

ure –

List

of A

utho

rized

Sig

nato

ries:

PA

N

S.

N

o.

Nam

e of

the

Auth

oriz

ed

Sign

ator

y (A

S)

(as

per A

adha

ar C

ard)

Dat

e of

Birt

h (a

s pe

r Aad

haar

C

ard)

PAN

of A

S*

Aa

dhaa

r Num

ber o

f AS

* (P

roof

to b

e en

clos

ed)

Sign

atur

e

(Con

sent

for s

harin

g A

adha

ar in

form

atio

n,

auth

entic

atio

n w

ith U

IDA

I and

sha

ring

with

M

Fs/R

TAs

as in

dica

ted

abov

e)

Phot

o of

AS

(dd-

mm

m-y

yyy)

(dd-

mm

m-y

yyy)

(dd-

mm

m-y

yyy)

(dd-

mm

m-y

yyy)

(dd-

mm

m-y

yyy)

(dd-

mm

m-y

yyy)

*whe

re P

AN

& A

adha

ar is

not

app

licab

le (i

n ca

se o

f For

eign

Dire

ctor

s), a

ny o

ther

offi

cial

ly v

alid

doc

umen

t (lik

e P

assp

ort)

to

be

subm

itted

alo

ng w

ith p

hoto

grap

h to

be

affix

ed

Si

gnat

ure

of C

ompa

ny S

ecre

tary

/ C

ompe

tent

Aut

horit

y &

with

Sta

mp,

Sea

l & d

ate

40

These instructions form an integral part of scheme related documents and investors are advisedtoreadandunderstandthesame.Please read carefully the Scheme Information Document (SID), Statement of Additional Information (SAI), Key Information Memorandum (KIM) and all relevant Addenda before fillinguptheapplicationform.Investorsaredeemedtohavereadandacceptedtheterms,as prevailing on the date of application being accepted and units being allotted even if they areusinganoldapplicationform,subjecttowhichtheseoffersarebeingmade,andbindthemselvestothetermsuponsigningtheapplicationform.Allapplicationswillbeacceptedsubjecttoverification.Invalidorincompleteapplicationsareliabletoberejectedafteracceptanceandverification,andinformationwillbesenttotheaddressbygeneralpost.All documents required to be submitted with the application form or later, like power of attorney,etc.shouldbeinEnglishlanguageornotarizedtranslatedcopyinEnglishlanguage.

General Instructionsa.Theseapplicationformsmaybeusedbybothresidentandnon-residentinvestors.However,

U.S.PersonandResidentsofCanadaarenotpermittedtoinvestandshouldnotinvestinanyoftheSchemesoftheFund.ForeignPortfolioInvestors(FPIs)andQFIsshouldapproach the AMC to know the eligibility, the list of documents required and complete accountopeningformalitiespriortoinvesting.

b.TheapplicationformshouldbefilledinEnglishinBLOCKLETTERSandtheapplicants’namesandaddressshouldbeprovidedinfull(P.O.BoxNo.aloneisnotsufficient).Pleasetick(ü)intheappropriateboxes(□),whereprovided.

c.Applicationformsthatfallunderanyofthefollowingcategoriesareliabletoberejectedandwillnotbereturnedtothecustomers.Ifapplicable,themoneypaidwillberefunded/returnedwithoutinterestorredeemedatapplicableNAV.i Application forms incomplete in any respect or having a whitener or where there is

anyoverwritingontheformwithouttheapplicants’countersignature.ii Application forms from ineligible applicant’s or are invalid or incomplete or ambiguous

orwithoutanyofsupportingdocumentsoranyofthemandatorydetailsinanyrespect.iii Application forms that are not accompanied by a payment instrument/instruction for

theamountpayableonthesameday.ivApplicationformsthattheTrusteechoosestorejectforanyotherreasondetermined

atitssolediscretion.d. No separate receiptwill be issued for the application.The Investor ServiceCentre

/ Collection Centre / Official point of acceptance of transactionswill stamp andreturntheacknowledgementslipintheapplicationform,subjecttoverification.Theacknowledgementreceiptshouldberetainedbyinvestorstillthereceiptofconfirmationoftransactionacceptanceorrejection.

e.Allallotmentswillbeprovisional,subjecttorealisationofpaymentinstrument/modeandsubjecttotheAMChavingbeenreasonablysatisfiedthattheFundhasreceivedclearfunds.AnyredemptionorswitchouttransactionintheinterimisliabletoberejectedatthesolediscretionoftheAMC.

f.Anysubsequentchangesinstaticinformationlikeaddress,bankdetails,dividendsuboption,nominationetc.willbebasedonwrittencommunicationfrominvestors.Thesechanges will be effected only for units held in non-demat mode, within 5 days of the validsignedrequestreachingtheofficeoftheRegistraratChennai,andanyinterimfinancialtransactionswillbeeffectedwithlastavailable/registereddetailsonly.Incaseof units held in demat mode, the static details as recorded in DP records and available totheFundaspartofBenposfilewillprevailforallpurposes,includingredemptionanddividendpayments.

g.WhilePANshallbethesoleidentificationnumberandismandatoryforKYC,forcertainsetofcustomers,PANrequirementisexempted.Suchsetofcustomers,howeverneedto complete the necessary KYC requirements, get a unique reference number from KRA’ssystem.AcopyoftheKRAissuancelettercontainingtheuniquereferencenumbershouldalsobeattachedwitheachapplication/transaction.ThePANexemptentities/transactionsarea)InvestorsresidinginthestateofSikkim;b)SIPofuptoRs50,000/-perfinancialyear;c)Microinvestmenti.efreshpurchase,additionalpurchase&SIPinstallmentsforamountnotmorethanRs50,000/-perfinancialyeard)TransactionsundertakenonbehalfofCentralGovernmentand/orStateGovernmentandbyofficialsappointedbyCourtse.g.Officialliquidator,Courtreceiveretc.

h.Iftheinvestorwishestoinvestdirectly,i.e.withoutinvolvingtheservicesofanyagentorbroker, ‘Direct’ shouldbementioned in the spaceprovided forARNNumber.Anysubsequent change / updation / removal of broker code will be based on the written request from the unitholders and will be on a prospective basis only from the date when theRegistrarexecutessuchwritteninstruction.

i.InvestorsshouldmandatorilyusetheApplicationforms&SIP/SWP/STPformsintheKIM,andotherstandardformsavailableattheISCs/www.dspblackrock.com,foranyfinancial/non-financialtransactions.Anytransactionreceivedinanynonstandardform,isliabletoberejected.

k. Investorsshouldprovidedetails/instructionsonlyinthespaceprovidedintheform.Any details/notings/information/instruction provided at a non designated area of the standard form being used, or any additional details, for which space is not designated inthestandardform,maynotbeexecutedandtheAMCwillnotbeliableforthesame.

l.InvestoragreesthattheAMCanditsRegistrarreservetherighttodisclosethedetailsofinvestorsandtheirtransactionstothirdpartiesviz.banks,printers,distributors&SEBIRegistered Investment Advisors (RIA) from whom applications of investors are received and any other organization for the purpose of compliance with legal and regulatory requirementsorforcomplyingwithanti-moneylaunderingrequirements.

m.ProcessforchangeofaddressIftheinvestorwishestochangetheaddressintheirfolio,they shall submit change of address form, proof of address, and any other document/ formthattheAMCmayrequireadditionallytocompleteKYCdetails,ifnotdoneearlier.AMC reserves the right to collect proof of old address on a case to case basis while effectingthechangeofaddress.

n.Applicants/Unitholdersapplyingthroughadistributor(AMFIregisteredARNholder)certify that:

i.Applicants/Unitholdershaveneitherreceivednorbeeninducedbyanyrebateorgifts,directlyorindirectlyinmakingthisinvestment,ii.TheARNholderhasdisclosedto the Applicants / Unitholders all the commissions (in the form of trail commission or any other mode), payable to him for the different competing schemes of various Mutual Funds from amongst which the scheme is being recommended to the Applicants / Unitholders, iii Where the EUIN box is left blank being an execution only transaction, I/weconfirmthatthetransactionisnotwithstandingtheadviceofin-appropriateness,if any, provided by the distributor’s employee/relationship manager/sales person and thedistributorhasnotchargedanyadvisoryfeesonthistransaction.

o.EUIN:EUINstandsforDistributor’sEmployee’sUniqueIdentificationNumber.ApartfromARN codes of the distributor/sub distributor, applicants should also ask and mention the EUIN of the sales personnel of the distributor / sub distributor, who is advising the schemetotheapplicant.Incaseofnosuchadviceorinteraction,theapplicantshouldtickonthe‘Execution-Only’tickbox.

p.Transactionscharges:IncaseofapplicationsofRs.10,000&moreandroutedthroughadistributor who has opted for such transaction charges in particular category of schemes, transactionchargesaredeductedandpaidtothedistributorasfollows(i)Rs.150/-fromafirsttimemutualfundinvestor’sapplication;(ii)Rs.100/-fromanexistingmutualfundinvestor’sapplication.Unitswillbeissuedagainstthebalanceamount.Pleaseticktheappropriateboxasapplicabletoyou.Ifnooptionisticked,itisdeemedthattheapplicantisanexistinginvestorinthemutualfundindustry.Evenifanapplicantticksas new investor, the mutual fund reserves a right to check with investments in other mutualfundstoascertainneworexistinginvestors.

q.Theinvestoragreesthattheallotmentinformation,accountstatement,proceedstowardsredemptions and dividends will be dispatched by a reasonable mode of despatch like courier,post,etc. incaseofcheque/demanddraftordirectlycredited to thebankaccount (as per the details mentioned by the investor) using reasonable and available means,entirelyandsolelyattheriskoftheinvestor.TheinvestorwillnotholdtheMutualFund or the AMC or the Registrar responsible for any non-receipt or delay of receipt of redemption&dividendproceedsduetoanynegligenceordeficiencyinservicebythecourier company, postal authorities or the bank executing direct credits/RTGS/NEFT, or duetoincorrectbankaccountdetailsprovidedbytheinvestor.

r. IncaseofIndividual,theInvestorconfirmsthatheisnotaUSpersonintermsofRegulationSofSecuritiesAct,1993asamendedfromtimetotime.Further,hedoesnotintendtoreturntoUSandhisstayinIndiaisofpermanentnature.

s. In case of Non-Individual, the Investor confirms that it is not aUS person in termsofRegulationSofSecuritiesAct,1993asamendedfromtimetotime.Further, it isregistered/incorporatedunderthelawsofIndiaandnotformedforthespecificpurposeofinvestinginIndiansecuritiesincludingunitsofSEBIRegisteredMutualFunds.

Instructions related to Aadhaara. MinistryofFinance(Dept.ofRevenue)hasissuedNotificationNo439datedJune1,2017,

carrying out certain amendments to Prevention of Money Laundering (Maintenance of Records)Rules,2005.These ruleshavebeencalledPreventionofMoneyLaundering(MaintenanceofRecords)SecondAmendmentRules,2017(“AmendedRules”).Asperthe said rules, all investors have to mandatorily provide and get their Aadhaar Number updated by 31st Dec, 2017 or any other date declared from time to time, failing which thefolioswouldbelockedforfuturetransactions.

b. Thepurposeofcollection/usageofAadhaarnumberincludingdemographicinformationis to comply with applicable laws/rules/regulations and provision of the said data is mandatoryasperapplicablelaws/rules/regulations.PostobtainingtheAadhaarnumber,weshallauthenticatethesameinaccordancewiththeAadhaarAct,2016.Weshallreceiveyour demographic information which shall be used only to comply with applicable laws/rules/regulations.

c. TheAadhaarnumberneedstobeupdatedforallaccountholders,includingthatofjointholders,Guardian(incaseofminor)andPOA.

d. Incaseofnon-individualinvestors,theAadhaarnumbershouldbeupdatedforallthesignatoriesasperthelistofsignatoriesfromtimetotime.

e. Whileinvestinginthefund,allunitholders/guardian/PoAshouldprovidetheirAadhaar.Any application not mentioning the Aadhaar number and without Aadhaar card copy of theapplicantsisliabletoberejected.

f. IncasetheAadhaarnumberisnotupdatedwithinthestipulatedtime,thefolioswillbelockedas“NonOperativeAccounts”andnofurthertransactionswillbeallowedtillAadhaar number is updated for all the holders or all the authorised signatories as the casemaybe.

g. BasedonPANof theapplicant,Aadhaarnumberof suchapplicantmaybeupdated/enriched in all folios/accounts maintained with DSP BlackRock as well as other intermediaries handled by CAMS for KYC and related due diligence purposes in line with PMLArequirements.

1. First Applicant’s Detailsa.Applicantsshouldfillinalldetailsasrequestedintherelevantsection.Nameshould

beprovidedinfull.b. Existing Investors,havingafolionumberandwhowishtogetunitsallotted innon-

dematmode,intheexistingfolionumber,shouldmentiontheirfolionumber.Ifexistingfolionumberismentioned,investorsshouldonlyfillthesectiononInvestmentDetails.Investorsshouldskipandshouldnotmentionjointapplicants,bankaccount,nominationandunitholdingoption.Ifanexistingfolioismentioned,theinvestmentwillbeinsamefolio,evenifthejointholdersaredifferent.Further,otherdetailslikebankaccount,nomination etc will not be considered, even if mentioned differently from existing foliodetails.Investorsshoulduseseparatedesignatedformsforupdatingbankaccountdetails,nominationetc.

INSTRUCTIONS/TERMS & CONDITIONS

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c.NewInvestorswhodonothaveafolioorexistinginvestorsintendingtogetunitsallottedindematmodeorwhowishtoopenanewfolioshouldfilluptheformwithoutquotingexistingfolionumberandshouldprovidedetailsinallsectionsasmentionedintheform.

e.ApplicationsunderaPowerofAttorneyorbyalimitedcompanyoracorporatebodyoran eligible institution or a registered society or a trust fund must be accompanied by theoriginalPowerofAttorney(oradulycertifiedtruecopythereof)dulynotarized,ortherelevantresolutionorauthoritytomaketheapplication(ordulycertifiedcopythereof)asthecasemaybe.AlldocumentsshouldbeinEnglishlanguageornotarizedtranslatedcopyinEnglishlanguage.

f.ForInvestments‘OnbehalfofMinor’:Wheretheinvestmentisonbehalfofminorbytheguardian,pleasenotethefollowingimportantpoints.i Theminorshallbethesoleandonlyfirstholderintheaccount.Nominationfacility

isnotavailableforapplications/foliosonbehalfofaminor.Jointholders’detailsandnominationdetails,evenifmentionedandsignedwillnotbeconsidered.

ii Details like minor’s date of birth, Guardian’s relation with Minor, Guardian name, PAN,KYCaremandatory,alongwithsupportingdocuments.●Photocopyofthedocumentevidencingthedateofbirthofminorlikei.Birthcertificateoftheminor,orii.Schoolleavingcertificate/MarksheetissuedbyHigherSecondaryBoardofrespectivestates, ICSE,CBSEetc.,or iii.Passportoftheminor,or iv.Anyothersuitableproofshouldbeattachedwiththeapplicationform.Wheretheguardianisnot a natural guardian (father or mother) and is a court appointed legal guardian, suitablesupportingdocumentaryevidenceshouldbeprovided.

iii. On thedateofminorattainingmajority, suchminor turnedmajorwillhave tocompleteallformalitiesasrequiredbythefundtochangethestatusonthefolio.Further,fromsuchdateofminorturnedmajor,theexistingregisteredguardianwillnotbeabletotransactinthefolioandonlytheminorturnedmajorwillbeabletotransactinthefolio.

2. Contact Details and Correspondence Addressa. Applicants should provide contact information such as email id,mobile telephone

number/sandcorrespondenceaddress.However,thefundreservestherighttoupdatecommunication postal address from KYC records of on SEBI designated KYC Registration Authority(KRA).

b.Accountstatements,newsletter,annualreportsandotherkindsofcommunicationwillbe sent through email only instead of physical, for investors who provide their email addressontheapplicationform.Shouldtheywishtohaveahardcopy,theyarerequestedtosendanemailtotheAMC/RTA.Itisdeemedthattheapplicantsareawareofallthe security risks associated with online communication, including possible third-party interceptionofdocumentssentviaemail.

3. KYC Requirements and Detailsa.BasicKYC:ApplicantsarerequiredtoprovidebasicKYCdetailslikephotograph,proof

of identity, proof of address, a KYC form and other details as per KYC form, to update their KYC with the fund and update on SEBI designated KYC Registration Authority (KRA) systems. If applicants’ have already compliedwith basic KYC through someotherintermediary,theymayjustprovideaKYCacknowledgementofvalidKYCstatusavailablethroughtheKRA.BasicKYCisapplicableforallapplicants,GuardianandPowerofAttorneyHoldersaswell.

b.AdditionalDetails:Additionaldetailslikestatus,occupationdetails,grossannualincome,net worth and other details as mentioned in the relevant sections of the application form aremandatoryforallapplicantsasapplicable,includingjointholders.Detailsofnetworth are mandatory for Non Individual applicants and optional for Individual applicants inlieuofgrossannualincome.Whileprovidingdetailsofnetworth,thesameshouldbeofadatewhichiswithinoneyearoftheapplication.

c.Applicationsareliabletoberejectedwithoutanyintimationtotheapplicants,ifKYCrequirements are not complied with by all the applicants, KYC acknowledgement is not enclosedoranyoftheadditionaldetailsarenotmentionedforanyoftheapplicant.

d.InvestorsshouldfurthernotethatKYCapplicabilityforvariousinvestorcategoriesmaychangeanytimeinfuture.Hence,investorsarerequestedtoapprisethemselvesaboutKYC applicability before submitting their application or future transactions to avoid rejections.ForanyotherfurtherinformationrelatedtoKYC,applicantsshouldmentionthesameinaseparatesheet,dulysignedandattachtotheapplication.

4. Joint Applicants, if any and their detailsa.Ifthereismorethanoneapplicant,pleasefillinalldetailsasrequestedintherelevant

section.b.Applicantsshouldspecifythemodeofholding.Ifthemodeofholdingisnotspecifiedor

isambiguous,thedefaultoptionforsuchapplicationswillbe’Joint’.c.PAN,KYCcomplianceandotherKYCdetailsaremandatoryforallapplicants,irrespective

ofmodeofholding.Formoredetails,pleaserefertoKYCRequirementsmentionedearlier.d.Inthecaseofjointholdersandirrespectiveofmodeofholding,thesole/first-named

applicant/unit holder will receive all account statements, dividend or redemption/refund payments,andallotherrelevantcorrespondences.

5. FATCA and CRS related detailsa. TheCentral Board of DirectTaxes (CBDT) has notified Rules 114F to 114H, as part

of the IncomeTax Rules, 1962,which require Indian financial institutions to seekadditionalpersonal,taxandbeneficialownerinformationandcertaincertificationsanddocumentationfromallaccountholdersand/orapplicants.

b. Applicants/UnitholdersarerequiredtomandatorilyprovidetherelevantinformationforFATCAandCRS,includingUltimateBeneficialOwnership(UBO)details.Incaseofanychange in any information provided, Unit holders should ensure to advise the Fund/RTA promptlyi.ewithinaperiodof30days.

c. AllApplicants/Unitholders, individualsandnon individuals,mustbeaware that thefailure to providing all relevant details in relevant section and/or relevant forms will resultinrejectionoftheirinvestmentapplicationform,refundofapplicationmoney,reversal of units allotted and the Fund will not be liable for any consequent loss to the

Applicants/Unitholders.d. Applicants like Individuals (including in the name of sole proprietorship firm), joint

applicants, HUF, are required to provide details, as mentioned in this section, like Place andCountryofbirth,CountryofCitizenship/Nationalitymandatorily.Iftheapplicant/shave any countries of tax residency other than India, details of all such countries and relevanttaxidentificationnumberneedstobeprovided.Ifthespaceintheformisnotadequate, applicants are required to attach additional sheets with information duly signed.

e. AllNonIndividualsshouldfillandsubmitaseparateformforFATCAandCRSdeclaration.Non-Individual entities, including partnerships, (other than those listed on a recognized stock exchange in India or is a subsidiary or related or controlled by such listed company) shouldalsofillandsubmitaformforUltimateBeneficialOwnership(UBO)details.

f. Ifyouhaveanyquestionsaboutyourtaxresidencyorotherdefinitionsortermsused,pleasecontactyourtaxadvisor.IfyouareaUScitizenorresidentorgreencardholder,pleaseincludeUnitedStatesintheforeigncountryinformationfieldalongwithyourUSTaxIdentificationNumber.

g. ItismandatorytosupplyaTINorfunctionalequivalentifthecountryinwhichyouaretaxresidentissuessuchidentifiers.IfnoTINisyetavailableorhasnotyetbeenissued,pleaseprovideanexplanationandattachtotheform.

h. Applicant/unit holder should note that they also specifically authorize to disclose,share, remit in any form, mode or manner, all or any of the information provided by, including all changes, updates to such information as and when provided, to the Mutual Fund, its Sponsor, Asset Management Company, trustees, their employees / associated parties / RTAs (‘the Authorized Parties’) or any Indian or foreign governmental or statutoryorjudicialauthorities/agenciesincludingbutnotlimitedtotheFinancialIntelligence Unit-India (FIU-IND), the tax / revenue authorities in India or outside India andotherinvestigationagencieswithoutanyobligationofadvisingme/usofthesame.Further, applicant/unit holder also authorizes to share the given information to other SEBI Registered Intermediaries to facilitate single submission / updation and for other relevantpurposes.

i. Applicant/unitholderalsoundertakestokeeptheMutualFundinformedinwritingaboutanychanges/modificationtotheaboveinformationinfutureandalsoundertaketoprovideanyotheradditionalinformation/documentaryproofasmayberequired.

j. Please note that applicants/unit holdersmay receivemore than one request forinformationifyouhavemultiplerelationships/accounts/folioswithus.Therefore,itisimportant that you respond to each of our request, even if you believe you have already suppliedanypreviouslyrequestedinformation.

k. Incaseanyofthespecifiedinformationprovidedbytheapplicant/unitholderisfoundtobe false or untrue or misleading or misrepresenting, applicant/unit holder will be solely liable and will indemnify the Mutual Fund, it’s Sponsor, Asset Management Company, Trustees,theiremployees/associatedpartiesandtheRTAs.

l. Incaseapplicant/unitholderhasanyoftheIndicia,pertainingtoaforeigncountryandyet declares self to be non-tax resident in the respective country, customer to provide relevantdetailsasmaybeaskedfor.

6. Bank Account Details/ Multiple Bank Accounts Registration a.Itismandatoryforallinvestorsofmutualfundschemestoprovidetheirbankmandate.

Applicationswithoutthemandatorybankdetailsare liabletoberejected. Investorsshould ideally mention account details of the same bank account from where the payment towardspurchasesismade.Ifthebankaccountdetailsmentionedaredifferentfrompurchase pay-in bank, investors should attach additional documents validating the bank accountlikecancelledchequewithname&accountnumberpre-printed,latestbankstatement,latestpassbook,bankletterinoriginalorattested.

Should the investor fail to provide the documents, the Fund/AMC/RTA reserves the right to register the pay-in bank details as the redemption bank details and use such bank account for payment of any redemption/dividend proceeds

b.Theinvestoragreesthattheallotmentinformation,accountstatement,proceedstowardsredemptions and dividends will be dispatched by a reasonable mode of despatch like courier,post,UCP,etc.incaseofcheque/demanddraftordirectlycreditedtothebankaccount (as per the details mentioned by the investor) in case of using direct credit facility,RTGSorNEFT,entirelyandsolelyattheriskoftheinvestor.Theinvestorwillnot hold the Mutual Fund or the AMC or the Registrar responsible for any non-receipt or delayofreceiptofredemption&dividendproceedsduetoanynegligenceordeficiencyin service by the courier company, postal authorities or the bank executing direct credits/RTGS/NEFT,orduetoincorrectbankaccountdetailsprovidedbytheinvestor.

c. MultipleBankAccountsRegistrationFacility Thefundoffers its investors facility toregistermultiplebankaccountsforpay-in&payoutpurposesanddesignateoneofthebankaccountasDefaultBankAccount.Thisfacilitycanbeavailedbyusingadesignated’BankAccountsRegistrationForm’.Incaseofnewinvestors,thebankaccountmentionedon the purchase application form, used for opening the folio, will be treated as default bank account till the investor gives a separate request to register multiple bank accounts andchangethedefaultbankaccounttoanyofotherregisteredbankaccount.Registeredbankaccountsmayalsobeusedforverificationofpay-ins(i.e.receivingofsubscriptionfunds)toensurethatathirdpartypaymentisnotusedformutualfundsubscription.Default Bank Account will be used for all dividends and redemptions payouts including FMPschemesmaturityproceedsunlessinvestorspecifiesoneoftheexistingregisteredbankaccountintheredemptionrequestforreceivingredemptionproceeds.

d.Consequenttointroductionof‘MultipleBankAccountsFacility’,thefacilityofredemptionwithchangeofbankmandateisdiscontinuedbythefund.Anewnon-registeredbankaccountspecifiedinthespecificredemptionrequestforreceivingredemptionproceedswillnotbeconsidered.Pleasenotethefollowingimportantpointsrelatedtopaymentof redemption proceeds

i.Proceedsofanyredemptionrequestwillbesentonlytoabankaccountthatisalreadyregisteredandvalidatedinthefolioatthetimeofredemptiontransactionprocessing.

ii.Unitholder(s)maychoosetomentionanyoftheexistingregisteredbankaccountswithredemptionrequestforreceivingredemptionproceeds.Ifnoregisteredbankaccountismentioned,defaultbankaccountwillbeused.

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iii.Ifunitholder(s)provideanewandunregisteredbankmandatewithaspecificredemptionrequest (with or without necessary supporting documents) such bank account will not be consideredforpaymentofredemptionproceeds.

iv.Anyrequestwithouttheabovementioneddocumentswillbetreatedinvalidandwillnotbeacteduponandanyfinancialtransaction,includingredemptions,willbecarriedwiththepreviousdetailsonly.Validchangeofbankmandaterequestswithsupportingdocuments will be processed within ten working days of documents reaching the head officeoftheRegistrarandanyfinancialtransactionrequestreceivedintheinterimwillbecarriedwithpreviousdetailsonly.

7. Investment and Payment Detailsa. Investors should fill in the desired Plan /Option / SubOption clearly in the space

providedintheapplicationform.IncasetheinvestordoesnotfillinthedesiredPlan/ Option / Sub Option properly and clearly or in the case of incomplete details, lack of clarityorambiguity,thedefaultoptionwillbeconsideredandapplied.TheFundwillnot entertain any request from Unit Holders for a change in Plan / Option / Sub Option aftertheapplicationisaccepted.

b.Anychangeindividendsuboptionduetoadditionalinvestmentorinvestor’srequestwillbeapplicabletoallexistingUnitsinthedividendoptionoftheschemeconcerned.

c.Paymentsbycash,stockinvests,creditcards,post-datedcheques(exceptthroughSIP),and post-dated account-to-account transfer instructions to credit the Designated Account willnotbeaccepted.

d.InvestorsresidinginlocationswhereInvestorServiceCentresorCollectionCentresarenotlocatedarerequestedtomakepaymentbydemanddrafts.DemanddraftchargesforsuchinvestorswillbebornebytheAMC,subjecttothestandarddemanddraftcharges,aschargedbytheStateBankofIndia,andtheinvestorsattachingproofofthecharges.

e.ThechequeordemanddraftshouldconfirmtoCTS2010standardsinbankingindustryand be payable locally at the centre where the application is deposited, and should be drawnonanybankthatisamemberoftheBankers’ClearingHouse.

f.Thechequeordemanddraftshouldbedrawninfavourofthe‘SchemeName’,asthecasemaybe,andshouldbecrossedAccountPayeeOnly.

g.Aseparatechequeshouldbegivenforeachseparateinvestmentinadifferentschemeorplanoroption.

h.ItismandatoryforNRIstoattachacopyofthepaymentcheque/FIRC/DebitCertificatetoascertaintherepatriationstatusoftheamountinvested.NRIApplicantsshouldalsoclearly tick on account type as NRE or NRO or FCNR to determine the repatriation status oftheinvestmentamount.TheAMCandtheRegistrarmayascertaintherepatriationstatus purely based on the details provided in the form under Investment and Payment detailsandwillnotbeliableforanyincorrectinformationprovidedbytheapplicants.Applicants will have to coordinate with their authorized dealers and banks to repatriate theinvestmentamountasandwhenneeded.

i.ThirdPartyPaymentAvoidance&additionaldocuments/declarationrequiredTosafeguardthe interests of applicant/investors and avoid fraudulent transactions in any other name, themutualfunddoesnotacceptThirdPartyPayments.Apaymenttowardsmutualfundsubscription by cheque/DD/RTGS/NEFT or any mode whatsoever is deemed as a Third Partypayment,ifpaymentisissuedfromabankaccountotherthanthatofthebeneficiaryinvestor.Thefirstholderofthemutualfundfoliohastobeoneofthejointholdersofthe bank account from which payment is made via cheque/Demand Draft (DD)/Funds transfer/RTGS/NEFT.Therefore,itisimportantforinvestorstomentionthebankaccountnumber,bankname&branchaddressfromwherethepaymentisissuedandthesameshouldmatchwithdetailsonpaymentcheque/document(whereapplicable).

Where the payment instrument/advice does not mention the bank account holders name/s, investor should attach bank pass book copy/bank statement/bank letter to substantiate thatthefirstunitholderisoneofthejointholdersofthebankaccount.WhereapaymentisthroughaDD,abankcertificationofbankaccountandaccountholdersnameofthebankaccountusedforDDissuanceshouldbeattached,intherequiredformat.

InspecificexceptionalsituationswhereThirdPartypaymentispermittedlikei.Paymentby Parents / Grand-Parents / Related persons on behalf of a minor (other than registered guardian) in consideration of natural love and affection or as gift for value not exceeding Rs50,000foreachpurchase,ii.PaymentbyanEmployeronbehalfofEmployeeoriii.CustodianonbehalfofanFIIoraclient,iv.PaymentbyAssetManagementCompanytoaDistributorempanelledwithitonaccountofcommission/incentiveetc.intheformofthe Mutual Fund Units of the Funds managed by such AMC through Systematic Investment Plansorlumpsum/one-timesubscription,subjecttocompliancewithSEBIRegulationsandGuidelinesissuedbyAMFI,fromtimetotime.KYCoftheinvestorandtheKYCofthepersonmakingthepaymentismandatoryirrespectiveofamount.Additionally,ajointdeclarationisalsorequiredtobesubmitted.

Investorsareadvisedtovisitwww.dspblackrock.comformoredetails,includingdeclarationformatsorapproachanyoftheofficesofthefund.

j.TheAMCreservesarighttorejectthetransactionorcallforadditionaldetails,ifpaymentbank account and other details are not mentioned on the form and/or do not match with payment instrument and/or necessary documents and declaration, as applicable to respectiveinvestorsandtransactions,arenotattachedorareinsufficient.Incasethefundsaretransferredtothemutualfundaccountpriortotheapplicationrejection,thenamount transferred may not be refunded or redeemed unless the investor establishes KYCwithadditionaldocumentation.

k. Returnedchequesarenotliabletobepresentedagainforcollection,andtheaccompanyingapplicationcouldalsoberejected.Incasereturnedchequesarepresented,thenecessarychargesincludingreturnedchargesmaybedebitedtotheinvestor.

l.Tosafeguardtheinterestsofapplicant/investorsandavoidfraudulenttransactionsinany other name, it is important for investors to mention the bank account number, bank name&branchaddressfromwherethepaymentinstrumentorfundstransferisissuedandthesameshouldmatchwithdetailsonpaymentcheque(whereapplicable).TheAMCreservesarighttorejectthetransactionifsuchpaymentdetailsarenotmentionedand/ordonotmatch.

m.Forgeneraltermsandconditionsandmoreinformationon‘OneTimeMandate(OTM)’Facility, Unit holder(s) are requested to read Terms and Conditions, OTM registration form, addenda to Scheme Information Document and Key Information Memorandum available onwww.dspblackrock.com.

8. Nomination Details a.Nominationcanbemadeonlybyindividualsapplyingfor/holdingUnitsontheirown

behalf singlyor jointly.Non-individuals (including societies, trusts,bodiescorporate,partnershipfirms,etc.),KartasofHinduUndividedFamilies(HUF)andholdersofPowerofAttorneycannotnominate.Nominationfacilityisalsonotavailableforinvestmentsheldonbehalfofminor.

b.Aminorcanbenominated,andinthatevent,thenameandaddressoftheguardianoftheminornomineeshallbeprovidedbytheUnitHolder.NominationcanalsobeinfavouroftheCentralGovernment,StateGovernment,alocalauthority;anypersondesignatedbyvirtueofhis/heroffice,orareligiousorcharitabletrust.

c.Thenomineeshallnotbeatrust(otherthanareligiousorcharitabletrust),society,bodycorporate,partnershipfirm,KartaofHUForaPowerofAttorneyholder.AnNRIcanbeanominee,subjecttotheexchangecontrolsinforcefromtimetotime.Wherethenomination is in favour of a religious or charitable trust, the investor should attach a certificateconfirmingthatthenomineeisareligiousorcharitabletrust.

d.NominationwiththeFundcanbemadeonlybyinvestorswhooptforallotmentinnon-dematform.IncaseofUnitsheldindematform,thenominationdetailsasrecordedforthe depository account will be applicable investors who hold units in demat form may approachtheirDPforavailingthenominationfacility.

e.TransferofUnitsinfavourofanominee(s)shallbevaliddischargebytheAMCagainstthelegalheir.

f.CancellationofnominationcanbemadeonlybythoseindividualswhoholdUnitsontheirownbehalfsinglyorjointlyandwhomadetheoriginalnomination.

g.Oncancellationofthenomination,thenominationshallstandrescindedandtheAMCshallnotbeunderanyobligationtotransfertheUnitsinfavourofthenominee(s).

h.TherightsintheUnitswillvestinthenominee(s)onlyuponthedeathofallUnitHolders.i.Nominationcanbemadeinfavourofmorethanone,anduptothreeindividuals.Investors

who desire to make nomination in respect of multiple nominees should clearly specify the percentagestobeallocatedbetweenthenominees.Ifnopercentagesarementioned,nominationwillbedoneequallyforallthenominees.

j.Nominationwillbemaintainedatthefoliooraccountlevelandwillbeapplicableforallinvestmentsinthefoliooraccount.

k.Whereafoliohasjointholders,alljointholdersshouldsigntherequestfornomination,evenifthemodeofholdingisnot‘joint’.

l.Anewnominationrequestwillimplysimultaneouscancellationofexistingnominationandrequestforfreshnomination.

m.Applicantswhodonotwishtonominate,mustatthedesignatespaceconfirmingtheirintentiononnottonominate,failingwhichtheformmayberejectedatthediscretionoftheAMC/Fund.

9 Unit Holding Optiona.Applicants’areprovidedtwooptionstoholdtheirUnitsviz.AccountStatementmodeand

Dematmode.ForunitsinAccountStatementmode(non-demat),anaccountstatementwillbe issued.ForUnitsheld indematmode,Units shallbedirectlycreditedtotheinvestor’s demat account after the realization of payment funds and depositories will issueastatement.

b.Itismandatorytotickontherequiredoptioninthedesignatedspaceintheapplicationform.Ifnooptionhasbeentickedbytheinvestor,Unitsshallbeallottedinnon-dematmodei.einAccountStatementmode.

c.ForcreditofUnitsindemataccount,applicantsareadvisedtomentionclearlytheirdemataccountdetailswithdepositoriesandinblocklettersinthedesignatedspace.Thedemat account details, as provided by the investor will be considered for credit of units indematerializedformaftervalidationwithrelevantdepository(ies).

d.Applicants’arealsoadvisedtoattachacopyofadocumentlikedematstatement/clientidentificationmaster/deliveryinstructionslip,thatprovidestheapplicants’nameanddemataccountdetails,insupportandverificationofthementioneddemataccount.

e.IncaseDemataccountdetailsarenotprovidedorareincompleteorthedetailsdonotmatch with the records as per depository(ies), units will be allotted in non-demat form andanaccountstatementwillbeissued.

f.Incasedetailsofmorethanonedemataccountareprovided,theFundmaychooseanyoneofthedemataccountsforthepurposeofverificationandcreditofunits.

g.WheretheunitsareheldindemataccountswiththeDepositoryParticpants,theinvestorshallbeserviceddirectlybytheirstockbrokers/DepositoryParticipant.TheFundwillnot be in a position to accept any request for transactions or service requests directly frominvestorsinrespectofUnitsboughtunderthisfacilityindematmode.

10.Declaration & Signaturesa.Signature(s)shouldbeinEnglishorinanyoftheIndianlanguagesspecifiedintheEighth

ScheduleoftheConstitutionofIndia.b.ThumbimpressionsandsignaturesinlanguagesnotspecifiedintheEighthScheduleofthe

Constitution of India should be attested by a magistrate or a Notary Public or a special ExecutiveMagistrateunderhis/herofficialseal.

c.Applicationsbyminorsshouldbesignedbytheirguardians.InthecaseofanHUF,theKartashouldsignonbehalfoftheHUF.

d.Authorisedofficialsshouldsigntheformundertheirofficialdesignationandcompanyseal.Alistofspecimensignaturesoftheauthorisedofficials,dulycertifiedandattested,shouldalsobeattachedtotheapplicationform.Inthecaseofatrustfund,aresolutionfromthetrustee(s)authorisingsuchpurchaseorinvestmentshouldbesubmitted.

CAMS Investor Service Centres and Transaction Points

List of Official Points of Acceptance of Transactions*DSP BlackRock Investment Managers Private Limited - Investor Service Centres

HEAD OFFICE - Mumbai: MafatlalCentre,10thFloor,NarimanPoint,Mumbai-400021.Ahmedabad: 3rdEyeOne,OfficeNo.301,3rdFloor,OppositeHavmorRestaurant,C.GRoad,Panchavati,Ahmedabad-380006.Agra: ShantaTower,OfficeNo.12,1stFloor,BlockNo.E-14,16SanjayPlace,Agra–282003.Bengaluru: RahejaTowers,WestWing,OfficeNo.104-106,1stfloor,26-27,M.G.Road,Bengaluru-560001.Bhopal: StarArcade,OfficeNo.302,3rdFloor,PlotNo.165Aand166,Zone-1,M.PNagar,Bhopal-462011.Bhubaneswar: LotusHouse,OfficeNo.3,2ndFloor,108/A,KharvelNagar,UnitIII,MasterCanteenSquare,Bhubaneswar-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,OfficeNo.G12/A,GroundFloor,(No.24-A)(NewNo.112/28,RavindranathTagoreMarg),NewCanttRoad,Hathibarhkala,Dehradun–248001.Goa: CedmarApartments,BlockD-A,3rdFloor,NexttoHotelArcadia,MGRoad,Panaji,Goa-403001Guwahati: MayurGardens,OfficeNo.5,UpperGroundFloor,G.SRoad,NearABCBusStop,Guwahati-781005.Hyderabad: RVRTowers,OfficeNo1-B,1stFloor,DoorNo.6-3-1089/F,RajbhavanRoad,Somajiguda,Hyderabad–500082Indore: StarlitTower,OfficeNo.206,2ndFloor,29/1,Y.NRoad,Opp.S.B.I,Indore-452001.Jaipur: GreenHouse,OfficeNo.201to204,2ndFloor,O-15AshokMarg,AboveAxisBank,C-Scheme,Jaipur-302001.Jamshedpur: ShantiNiketan,2ndFloor,MainRoad,P.OBistupur,Jamshedpur-831001.Jodhpur: KeshavBhawan,OfficeNo.2,GroundFloor,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,4thFloor,10-A,ShakespeareSarani,Kolkata-700071.Lucknow: 3rdFloor,CapitalHouse,2TilakMarg,Hazratganj,Lucknow-226001.Ludhiana: SCO-29,1stFloor,FerozeGandhiMarket,PakhowalRoad,Ludhiana-141001.Mangalore: MaximusCommercialComplex,OfficeNo.UGI-5,UpperGroundFloor,LightHouseHillRoad,Opp.KMC,Mangalore-575001.Mumbai: Natraj,OfficeNo.302,3rdFloor,PlotNo–194,MVRoadJunction,WesternExpressHighway,Andheri(East),Mumbai–400069.Nagpur: Milestone,OfficeNo.108&109,1stFloor,Ramdaspeth,WardhaRoad,Nagpur-440010.Nasik: Bedmutha’sNavkarHeights,OfficeNo1&2,3rdFloor,NewPanditColony,SharanpurRoad,Nasik-422002.New Delhi: Dr.GopalDasBhavan,UpperGroundFloor,28BarakhambaRoad,NewDelhi-110001.Patna: DumraonPlace,L309&L310,ThirdFloor,FrazerRoad,Patna-800001.Pune: CityMall,UnitNo.109-(A,B,C),1stFloor,UniversitySquare,UniversityRoad,Pune-411007.Raipur: RahejaTowers,OfficeNoSF18,2ndFloor,NearHotelCelebration,Fafadih,Raipur–492001.Rajkot: HemArcade,OfficeNo.303,3rdFloor,OppositeSwamiVivekanandStatue,Dr.YagnikRoad,Rajkot-360001.Ranchi: ShrilokComplex,No.106,107,108&109,1stFloor,PlotNo-1999&2000,4HazaribaghRoad,Ranchi-834001.Surat: InternationalTradeCentre,OfficeNo.G-28,GroundFloor,MajuraGateCrossing,RingRoad,Surat-395002.Trivandrum: MenathotamChambers,TC-2442(7),2ndFloor,PattomPO,Thiruvananthapuram-695004.Vadodara: NamanHouse,1/2-BHaribhaktiColony,GroundFloor,Opp.RaceCoursePostOffice,NearBirdCircle,RaceCourse,Vadodara-390007.Vapi: BhikajiRegency,OfficeNo.3,1stFloor,OppositeDCBBank.Vapi-SilvasaRoad,Vapi-396195.Varanasi: ArihantComplex,D-64/127C-H,7thFloor,Sigra,Varanasi–221010.Visakhapatnam: VRCcomplex,OfficeNo304B,47-15-14/15,RajajeeNagar,DwarakaNagar,Visakhapatnam–530016.

Agartala:AdvisorChowmuhani(GroundFloor),Krishnanagar,Agartala-799001Agra:No.8,IIFloor,MarutiTower,SanjayPlace,Agra-282002Ahmedabad:111-113,1stFloor-DevpathBuilding,OffCGRoad,BehindLalBungalow, Ellis Bridge, Ahmedabad-380006Ahmednagar:B,1+3,KrishnaEncloaveComplex,NearHotelNatraj,Nagar-AurangabadRoad,Ahmednagar-414001Ajmer:AMCNo.423/30,NearChurch,OppTBHospital,JaipurRoad,Ajmer-305001Akola:Opp.RLTScienceCollege,CivilLines,,Akola-444001Aligarh:CityEnclave,Opp.KumarNursingHome,RamghatRoad,Aligarh-202001Allahabad:30/2,A&B,CivilLinesStation,BesidesVishal Mega Mart, Strachey Road, Allahabad - 211001 Alleppey:Doctor’sTowerBuilding,DoorNo.14/2562,1stfloor,“NorthofIornBridge,NearHotelArcadiaRegency“,Alleppey-688001Alwar: 256A, Scheme No:1, Arya Nagar, Alwar - 301001 Amaravati: 81, Gulsham Tower, 2nd Floor, Near Panchsheel Talkies, Amaravati - 444601 Ambala: Opp: Peer, Bal Bhavan Road, Ambala - 134003 Amritsar:SCO-18J,‘C’,BlockRanjitAvenue,Amritsar- 140001 Anand:101,A.P.Tower,B/H,SardharGunj,NexttoNathwaniChambers,Anand-388001Anantapur: 15-570-33, I Floor, Pallavi Towers, Subash Road, Opp:Canara Bank, Anantapur - 515 001 Andheri: CTS No 411,Citipoint,Gundivali,TeliGali,AboveC.T.ChatwaniHall,Andheri,Mumbai-400069Ankleshwar:ShopNo-F-56,FirstFloor,OmkarComplex,OppOldColony,NrValiaCharRasta,GIDC,Ankleshwar-393002Asansol: Block–G1stFloor,PCChatterjeeMarketComplex,RambandhuTalabPOUshagram,Asansol-713303Aurangabad:2ndFloor,BlockNo.D-21-D-22,MotiwalaTradeCenter,NiralaBazar,NewSamarthNagar,Opp.HDFCBank,Aurangabad–431001Balasore: B C Sen Road, ,Balasore - 756001 Bangalore: Trade Centre, 1st Floor, 45, Dikensen Road, ( Next to Manipal Centre ), Bangalore - 560 042 Bareilly: F-62-63, Butler Plaza, Commercial Complex, Civil Lines, Bareilly - 243001 Basti:Officeno3,IstFloor,“JamiaShoppingComplex,(OppositePandeySchool)“,StationRoad,Basti-272002Belgaum: 1st Floor, 221/2A/1B, Vaccine Depot Road, Near 2nd Railway gate, Tilakwadi,Belgaum-590006Bellary: 60/5, Mullangi Compound, Gandhinagar Main Road, ( Old Gopalswamy Road), Bellary - 583101 Berhampur: First Floor, Upstairs of Aaroon Printers, Gandhi Nagar Main Road, Berhampur - 760001 Bhagalpur:Krishna,IFloor,NearMahadevCinema,Dr.R.P.Road,Bhagalpur-812002Bharuch (parent: Ankleshwar TP):F-108,RangoliComplex,StationRoad,Bharuch-392001Bhatinda:2907GH,GTRoad,NearZilaParishad,Bhatinda-151001Bhavnagar:305-306,SterlingPoint,WaghawadiRoad,Opp.HDFCBANK,Bhavnagar-364002Bhilai:ShopNo.117,GroundFloor,KhichariaComplex,Opp.IDBIBank,NehruNagarSquare,Bhilai-490020Bhilwara:IndraparsthaTower,Secondfloor,Shyamkisabjimandi,NearMukharjigarden,Bhilwara-311001Bhopal:Plotno10,2ndFloor,AlankarComplex,NearICICIBank,MPNagar,ZoneII,Bhopal-462011Bhubaneswar: Plot No -111, Varaha Complex Building, 3rd Floor, Station Square, Kharvel Nagar, Unit 3, Bhubaneswar - 751 001 Bhuj:DataSolution,OfficeNo:17,1stFloor,MunicipalBuildingOppHotelPrince,StationRoad,Bhuj-370001Bhusawal (Parent: Jalgaon TP): 3, Adelade Apartment, Christain Mohala, Behind Gulshan-E-Iran Hotel, Amardeep Talkies Road, Bhusawal - 425201 Bikaner: F 4,5 Bothra Complex, Modern Market, Bikaner - 334001 Bilaspur:2ndFloor,GwalaniChambers,StXavierSchoolRoad,“FrontofCIT(IncomeTax)Office,VyaparVihar“,Bilaspur-495001Bokaro: Mazzanine Floor, F-4, City Centre, Sector 4, Bokaro Steel City, Bokaro - 827004 Burdwan: 1st Floor, Above Exide Showroom 399GTRoadBurdwan-713101.Calicut:29/97G2ndFloor,GulfAirBuilding,MavoorRoad,Arayidathupalam,Calicut-673016Chandigarh: Deepak Tower, SCO 154-155, 1st Floor, Sector 17-C, Chandigarh - 160 017 Chennai: GroundFloorNo.178/10,KodambakkamHighRoad,Opp.HotelPalmgrove,Nungambakkam,Chennai-600034Chhindwara:ShopNo.01NearPujaLawn,PrarasiaRoad,Chhindwara-480001Chittorgarh: 3 Ashok Nagar, Near Heera Vatika, Chittorgarh - 312001 Cochin:1stFloor,KCCentre,DoorNo.42/227-B,ChittoorRoad,Opp.NorthTownPoliceStation,Kacheripady,Cochin-682018Coimbatore: Old # 66 New # 86, Lokamanya Street (West),GroundFloor,R.S.Puram,Coimbatore-641002Cuttack: Near Indian Overseas Bank, Cantonment Road, Mata Math, Cuttack - 753001 Darbhanga:ShahiComplex,1stFloor,NearRBMemorialhospital,V.I.P.Road,Benta, Laheriasarai, Darbhanga - 846001 Davangere:13,IstFloor,AkkamahadeviSamajComplex,ChurchRoad,P.J.Extension,Davangere-577002Dehradun: 204/121 Nari Shilp Mandir Marg, Old Connaught Place, Dehradun - 248001 Deoghar:SSMJalanRoad,Groundfloor,Opp.HotelAshoke,CasterTown,Deoghar-814112Dhanbad: Urmila Towers, Room No: 111(1st Floor), Bank More, Dhanbad - 826001 Dharmapuri: 16A/63A, Pidamaneri Road, Near Indoor Stadium, Dharmapuri - 636 701 Dhule:H.No.1793/A,J.B.Road,NearTowerGarden,Dhule-424001Durgapur: City Plaza Building, 3rd Floor, City Centre, Durgapur - 713 216 Erode:197,SeshaiyerComplex, Agraharam Street, Erode - 638001 Faizabad: 64 Cantonment, Near GPO, Faizabad-224001Faridabad:B-49,1stFloor,NehruGround,BehindAnupamSweetHouse,NIT,Faridabad - 121001 Gandhidham: S-7, RatnakalaArcade,PlotNo.231,Ward–12/B,Gandhidham-370201Ghaziabad,: 113/6 1st Floor, Navyug Market, Ghaziabad - 201001 Goa:No.108,1stFloor,GuruduttaBldg,AboveWeekender,MGRoad,Goa-403001Gondal(ParentRajkot):A/177,KailashComplex,Opp.KhedutDecor,Gondal-360311Gorakhpur:ShopNo.3,SecondFloor,TheMall,CrossRoad,A.D.Chowk,BankRoad,Gorakhpur-273001Gulbarga: Pal Complex, Ist Floor,Opp.CityBusStop,SuperMarket,Gulbarga-585101Guntur: Door No 5-38-44, 5/1 Brodipet, Near Ravi Sankar Hotel, Guntur - 522002 Gurgaon:SCO-16,Sector-14,Firstfloor,Gurgaon-122001Guwahati:A.K.AzadRoad, Rehabari, Guwahati - 781008 Gwalior:G-6GlobalApartment,KailashViharColony,“Opp.IncomeTaxOffice,CityCentre,Gwalior-474002Haldia:1stFloor,NewMarketComplex,“DurgachakPostOffice,PurbaMedinipurDistrict,“Haldia-721602Haldwani:DurgaCityCentre,NainitalRoad,Haldwani-263139Hazaribag: Municipal Market, Annanda Chowk, Hazaribag - 825301 Himmatnagar: D-78 First Floor, New Durga Bazar, Near Railway Crossing, Himmatnagar - 383 001 Hisar:12,Opp.BankofBaroda,RedSquareMarket,Hisar-125001Hoshiarpur: Near Archies Gallery, Shimla Pahari Chowk, Hoshiarpur - 146 001 Hosur:No.9/2,1stFloor,AttibeleRoad,HCFPost,BehindRTOoffice,Mathigiri,Hosur-635110Hubli:No.204-205,1stFloor,‘B‘Block,KundagolComplex,Opp.Court,ClubRoad,Hubli-580029Hyderabad:208,IIFloor,JadeArcade,ParadiseCircle,Hyderabad - 500 003 Indore:101,ShalimarCorporateCentre,8-B,Southtukogunj,Opp.Greenpark,Indore-452001Jabalpur:8,GroundFloor,DattTowers,BehindCommercialAutomobiles,NapierTown,Jabalpur-482001Jaipur:R-7,YudhisthirMarg,C-Scheme,BehindAshokNagarPoliceStation,Jaipur-302001Jalandhar:367/8,CentralTown,Opp.GurudwaraDiwanAsthan,Jalandhar-144001Jalgaon:RustomjiInfotechServices,70,Navipeth,Opp.OldBusStand,Jalgaon,-425001Jalna:ShopNo6,GroundFloor,AnandPlazaComplex,BharatNagar,ShivajiPutlaRoad,Jalna-431203Jammu:JRDSHeights,LaneOpp.S&SComputers,NearRBIBuilding,Sector14,NanakNagar,Jammu-180004Jamnagar:207,ManekCentre,PNMarg,Jamnagar-361001Jamshedpur:MillenniumTower,“R”Road,RoomNo:15FirstFloor,Bistupur,Jamshedpur-831001Jaunpur: 248, Fort Road,NearAmberHotel,Jaunpur-222001Jhansi:372/18D,IstFlooraboveIDBIBank,BesideV-Mart,Near"RASKHAN"GwaliorRoad,Jhansi–284001.Jodhpur:1/5,NirmalTower,1stChopasaniRoad,Jodhpur-342003Junagadh:“AasthaPlus”,202-A,2ndFloor,SardarbagRoad,Nr.Alkapuri,“Opp.ZansiRaniStatue“,Junagadh-362001Kadapa:BandiSubbaramaiahComplex,D.No:3/1718,ShopNo:8,RajaReddyStreet,Kadapa-516001Kakinada:No.33-1,44SriSathyaComplex,MainRoad,Kakinada-533001Kalyani: A - 1/50, Block - A, ,Dist Nadia, Kalyani - 741235 Kannur:RoomNo.14/435,CasaMarinaShoppingCentre,Talap,Kannur-670004Kanpur: I Floor 106 to 108, City Centre Phase II, 63/ 2, The Mall, Kanpur - 208 001 Karimnagar:HNo.7-1-257,UpstairsSBH,Mangammathota,Karimnagar-505001Karnal (Parent :Panipat TP): 7, IInd Floor,Opp Bata Showroom ,KunjapuraRoad,Karnal-132001Karur:126G,V.P.Towers,KovaiRoad,BasementofAxisBank,Karur-639002Katni:1stFloor,Gurunanakdharmakanta,JabalpurRoad,Bargawan,Katni-483501Kestopur:S.D.Tower,SreeparnaApartment,AA-101,PrafullaKannan(West),ShopNo.1M,Block-C(GroundFloor),Kestopur-700101Khammam:ShopNo:11-2-31/3,1stfloor,PhilipsComplex,Balajinagar,WyraRoad,NearBaburaoPetrolBunk, Khammam - 507 001 Kharagpur:H.No.291/1,WardNo-15,MalanchaMainRoad,Opp:UcoBank,Kharagpur-721301Kolhapur: 2 B, 3rd Floor, Ayodhya Towers, Station Road, Kolhapur - 416001 Kolkata: Saket Building, 44 Park Street, 2nd Floor, Kolkata - 700016 Kolkata-CC (Kolkata Central):2A,GaneshChandraAvenue,RoomNo.3A,CommerceHouse”(4thFloor),Kolkata-700013Kollam:KochupilamooduJunction,NearVLC,BeachRoad,Kollam-691001Kota: B-33 ‘Kalyan Bhawan, Triangle Part,Vallabh Nagar, Kota - 324007 Kottayam:JacobComplex,BuildingNo-OldNo-1319F,NewNo-2512D,BehindMakkilCentre,GoodSheperdRoad,Kottayam-686001Kumbakonam:JailaniComplex,47,MuttStreet,Kumbakonam-612001Kurnool:H.No.43/8,Upstairs,UppiniArcade,NRPeta,Kurnool-518004Lucknow: Off # 4,1st Floor, Centre Court Building, 3/c, 5 - Park Road,

CAMS Investor Service Centres and Transaction Points (Cont’d)Hazratganj,Lucknow-226001Ludhiana:U/GF,PrinceMarket,GreenField,NearTrafficLights,SarabhaNagarPulli,PakhowalRoad,Ludhiana-141002Madurai: Ist Floor, 278, North Perumal Maistry street, Nadar Lane, Madurai - 625 001 Malda: Daxhinapan Abasan, Opp Lane of Hotel Kalinga, SM Pally, Malda - 732 101 Mangalore:No.G4&G5,InlandMonarch,Opp.KarnatakaBank,KadriMainRoad,Kadri,Mangalore-575003Manipal:Basementfloor,Academy Tower, Opposite Corporation Bank, Manipal - 576104 Mapusa (Parent ISC : Goa):Officeno.CF-8,1stFloor,BusinessPoint,AboveBicholimUrbanCo-opBank,Angod,Mapusa-403507Margao: Virginkar Chambers I Floor, Near Kamath Milan Hotel, New Market, Near Lily Garments, Old Station Road, Margao - 403 601 Mathura:159/160VikasBazar,Mathura-281001Meerut,108 Ist Floor Shivam Plaza,Opp: Eves Cinema, Hapur Road, Meerut - 250002 Mehsana: 1st Floor, Subhadra Complex, Urban Bank Road, Mehsan - 384 002 Moga: Gandhi Road, Opp Union Bank of India, Moga - 142001 Moradabad:B-612‘Sudhakar’,LajpatNagar,Moradabad-244001Mumbai:RajabahdurCompound, Ground Floor, Opp Allahabad Bank, Behind ICICI Bank, 30, Mumbai Samachar Marg, Fort, Mumbai - 400 023 Muzaffarpur:BrahmanToli,Durgasthan,GolaRoad,Muzaffarpur-842001Mysore:No.1,1stFloor,CH.267thMain, 5th Cross ,(Above Trishakthi Medicals), Saraswati Puram, Mysore-570009Nadiad (Parent TP: Anand TP): F142,FirstFloor,GhantakarnaComplex,GunjBazar,Nadiad-387001Nagpur: 145 Lendra, New Ramdaspeth, Nagpur - 440 010 Namakkal:156A/1,FirstFloor,,LakshmiVilasBuilding,Opp.ToDistrictRegistrarOffice,TrichyRoad,Namakkal-637001Nasik: Ruturang Bungalow, 2 Godavari Colony, Behind Big Bazar, Near Boys Town School, Off College Road, Nasik - 422005 Navsari:16,1stFloor,ShivaniPark,Opp.ShankheswarComplex,Kaliawadi,Navsari-396445Nellore:97/56,IFloorImmadisettyTowers,RanganayakulapetRoad,Santhapet,Nellore-524001New Delhi:7-E,4thFloor,DeenDayaalResearchInstituteBuilding,SwamiRamTirathNagar,NearVideoconTowerJhandewalanExtension,NewDelhi-110055New Delhi-CC: Flatno.512,NarianManzil,23,BarakhambaRoad,ConnaughtPlace, New Delhi - 110 001 Noida:C-81,1stfloor,Sector-2,Noida-201301Palakkad:10 / 688, Sreedevi Residency, Mettupalayam Street, Palakkad - 678 001 Palanpur:3rdFloor,T-11,Opp.GovermentQuarters,CollegeRoad,Palanpur - 385001 Panipat:83,DeviLalShoppingComplex,OppABNAmroBank,G.T.Road,Panipat-132103Patiala: 35, New lal Bagh Colony, Patiala - 147001 Patna: G-3, Ground Floor, Om Vihar Complex, Sp Verma Road, Patna - 800 001 Pondicherry:S-8,100,JawaharlalNehruStreet,(NewComplex,Opp.IndianCoffeeHouse),Pondicherry-605001Pune:NirmitiEminence,OffNo.6,IFloor,OppAbhishekHotelMehandaleGarageRoad,Erandawane,Pune - 411 004 Rae Bareli:17,AnandNagarComplex,RaeBareli-229001Raipur:HIG,C-23,Sector-1,DevendraNagar,Raipur-492004Rajahmundry:DoorNo:6-2-12,1stFloor,RajeswariNilayam,NearVamsikrishnaHospital,NyapathiVariStreet,TNagar,Rajahmundry-533101Rajapalayam:No59A/1,RailwayFeederRoad,NearRailwayStation,Rajapalayam-626117Rajkot:Office207-210,EverestBuilding,HariharChowk,OppShastriMaidan,LimdaChowk,Rajkot-360001Ranchi: 4, HB Road, No: 206, 2nd Floor Shri Lok Complex, H B Road Near Firayalal, Ranchi - 834001 Ratlam:Dafria&Co,18,RamBagh,NearScholar’sSchool,Ratlam-457001Ratnagiri: Kohinoor Complex,NearNatyaTheatre,NachaneRoad,Ratnagiri-415639Rohtak:205,2NDFloor,Blg.No.2,,MunjalComplex,,DelhiRoad,,Rohtak-124001Roorkee: 22, Civil Lines Ground Floor, Hotel Krish Residency, Roorkee - 247667 Rourkela:1stFloor,MangalBhawan,PhaseII,PowerHouseRoad,Rourkela-769001Sagar:Opp.SomaniAutomobiles,Bhagwanganj,Sagar-470002Saharanpur:IFloor,KrishnaComplex,Opp.HathiGate,CourtRoad,Saharanpur- 247001 Salem:No.2,IFloorVivekanandaStreet,NewFairlands,Salem-636016Sambalpur:C/oRajTibrewal&Associates,Opp.TownHighSchool,Sansarak,Sambalpur-768001Sangli:JiveshwarKrupaBldg,Shop.NO.2,GroundFloor,Tilak Chowk,Harbhat Road,Sangli - 416416 Satara: 117 / A / 3 / 22, Shukrawar Peth, Sargam Apartment, Satara - 415002 Shahjahanpur:Bijlipura,NearOldDisttHospital,JailRoad,Shahjahanpur-242001Shimla: I Floor, Opp.PanchayatBhawanMaingate,Busstand,Shimla-171001Shimoga: Nethravathi, Near Gutti Nursing Home, Kuvempu Road, Shimoga - 577 201 Siliguri:17BSwamijiSarani,,Siliguri-734001Sirsa:BesideOverbridge,NexttoNissan car showroom, Hissar Road, Sirsa - 125055 Sitapur: Arya Nagar, Near Arya Kanya School, ,Sitapur - 261001 Solan: 1st Floor, Above Sharma General Store, Near Sanki Rest house, The Mall, Solan - 173 212 Solapur: Flat No 109,1stFloor,AWing,KalyaniTower,126SiddheshwarPeth,NearPangalHighSchool,Solapur-413001 Sri Ganganagar: 18 L Block, ,Sri Ganganaga - 335001 Srikakulam:DoorNo4-4-96,FirstFloor.,VijayaGanapathiTempleBackSide, Nanubala Street, Srikakulam - 532 001 Sultanpur:967,CivilLines,NearPantStadium,Sultanpur-228001Surat:PlotNo.629,2ndFloor,OfficeNo.2-C/2-D,MansukhlalTower,BesideSeventhDayHospital,Opp.DhirajSons,Athwalines,Surat-395001Surendranagar: 2 M I Park, Near Commerce College, Wadhwan City, Surendranagar - 363035 Thane:3rdFloor,NalandaChambers,“B”Wing,GokhaleRoad,NearHanumanTemple,Naupada,Thane-400602 Tinsukia: Dhawal Complex, Ground Floor, Durgabari, Rangagora Road, Near Dena Bank, Tinsukia - 786125 Tirunelveli:1Floor,ManoPremaComplex,182/6,S.NHighRoad,Tirunelveli-627001Tirupati: Shop No : 6, Door No:19-10-8,OpptoPassportOffice,AIRBypassRoad,Tirupati-517501Tirupur: 1(1), Binny Compound, II Street, Kumaran Road, Tirupur - 641601 Tiruvalla:24/590-14,C.V.PParliamentSquareBuilding,CrossJunction,Tiruvalla-689101Trichu:RoomNo.26&27,DeePeePlaza,Kokkalai,Trichur-680001Trichy: No 8, I Floor, 8th Cross West Extn, Thillainagar, Trichy - 620018 Trivandrum: RSComplex,OppofLICBuilding,PattomPO,Trivandrum-695004Tuticorin: 4B/A16, Mangal Mall Complex, Ground Floor, Mani Nagar, Tuticorin - 628 003 Udaipur: 32 Ahinsapuri, Fatehpura Circle, Udaipur - 313004 Ujjain:123,1stFloor,SiddhiVinanyakaTradeCentre,SaheedPark,Ujjain-456010 Unjha (Parent: Mehsana): 10/11,MarutiComplex,Opp.BRMarbles,HighwayRoad,Unjha-384170Vadodara:103AriesComplex,BPCRoad,OffR.C.DuttRoad,Alkapuri,Vadodara-390007Valsad:3rdfloor,GitaNivas,oppHeadPostOffice,HalarCrossLane,Valsad-396001Vapi:208,2ndFloorHEENAARCADE,Opp.TirupatiTower,NearG.I.D.C.CharRasta,Vapi-396195Varanasi:Officeno1,Secondfloor,BhawaniMarket,BuildingNo.D-58/2-A1,Rathyatra, Beside Kuber Complex, Varanasi - 221010 Vasco(Parent Goa): No DU 8, Upper Ground Floor ,Behind Techoclean Clinic, Suvidha Complex ,Near ICICI Bank ,Vasco - 403802 Vellore:No.1,Officer’sLine,2ndFloor,MNRArcade,Opp.ICICIBank,KrishnaNagar,Vellore-632001Vijayawada:40-1-68,Rao&RatnamComplex,NearChennupatiPetrolPump,M.GRoad,Labbipet,Vijayawada-520010Visakhapatnam:47/9/17,1stFloor,3rdLane,Dwaraka Nagar, Visakhapatnam - 530 016 Warangal:A.B.KMall,NearOldBusDepotroad,BVSSMayuriComplex,F-7,IstFloor,Ramnagar,Hanamkonda,Warangal-506001Yamuna Nagar: 124-B/R Model Town, Yamunanagar, Yamuna Nagar - 135 001 Yavatmal:Pushpam,Tilakwadi,Opp.Dr.ShrotriHospital,Yavatmal-445001

Point of Services (“POS”) of MF Utilities India Pvt. Ltd. (“MFUI”)ThelistofPOSofMFUIispublishedonthewebsiteoftheFundatwww.dspblackrock.comandMFUIatwww.mfuindia.comandwillbeupdatedfromtimetotime.

Agartala: KrishnaNagar,AdvisorChowmuhani(GroundFloor),Agartala–799001.Agartala: BidurkartaChowmuhani,JNBariRoad,Tripura(West),Agartala-799001.Agra: No.8,2NdFloor,MarutiTower,SanjayPlace,Agra–282002.Agra: 1StFloor,DeepakWasanPlaza,BehindHolidayInn,Opp.MegdootFurnituresSanjayPlace,Agra–282002.Ahmedabad: 201/202,ShailComplex,OppMadhusudanHouse,BehindGirishColdDrink,OffC.G.Road,Navrangpura,Ahmedabad-380006.Ahmedabad: 111-113,1StFloor,DevpathBuilding,OffCGRoad,BehindLalBungalow,EllisBridge,Ahmedabad-380006.Ahmedabad: 104,1stFloor,ShivamComplex,NearSiliconTowerOpp.NationalHandloom,LawGarden,Ellisbridge,Ahmedabad–380006.Ajmer: No.423/30,NearChurchBrahampuri,Opp.TBHospital,JaipurRoad,Ajme-305001Ajmer: 302,3RdFloor,AjmerAutoBuilding,Opp.CityPowerHouse,JaipurRoad,Ajmer-305001.Akola: Opp.RLTScienceCollegeCivilLines,Akola–444001.Akola: YamunaTarangComplex,ShopNo.30,GroundFloor,N.h.No-06,MurtizapurRoad,Opp.RadhakrishnaTalkies,Akola–444004.Aligarh: CityEnclave,Opp.KumarNursingHome,RamghatRoad,Aligarh–202001.Aligarh: 1StFloor,KumarPlaza,Aligarh–202001.Allahabad: 30/2,A&BCivilLinesStation,BesidesVishalMegaMart,StracheyRoad,Allahabad-211001Allahabad: RsaTowers,2NdFloor,AboveSonyTvShowroom,57SPMargCivilLines,Allahabad-211001.Alleppey: Doctor'sTowerBuilding,DoorNo.14/2562,1StFloorNorthOfIronBridge,NearHotelArcadiaRegency,Alleppey–688001.Alleppey: X1v172,JpTowers,Mullackal,KsrtcBusStand,Alleppey–688011.Alwar: 256A,Scheme1,AryaNagar,Alwar–301001.Alwar: 101,SaurabhTower,Opp.Uit,NearBhagatSinghCircle,RoadNo.2,Alwar–301001.Amaravati: 81,GulshamTower,NearPanchsheel,Amaravati–444601.Amaravati: ShopNo.21,2NdFloor,GulshanTower,NearPanchsheelTalkies,JaistambhSquare,Amaravati–444601.Ambala: Opp.Peer,BalBhawanRoad,Ambala–134003.Ambala: 6349,NicholsonRoad,AdjacentKosHospital,AmbalaCant,Ambala–133001.Amritsar: Sco,18J,‘C’Block,RanjitAvenue,Amritsar–140001.Amritsar: 72-A,Taylor'sRoad,Opp.AgaHeritageClub,Amritsar–143001.Anand: 101,A.P.Towers,B/H.SardarGunj,NextToNathwaniChambers,Anand–388001.Anand: B-42,VaibhavCommercialCenter,Nr.TvsDownTownShowRoom,GridCharRasta,Anand–380001.Anantapur: 15-570-33,1StFloor,PallaviTowers,SubashRoad,Opp.CanaraBank,Anantapur-515001.Anantapur: #15/149,1StFloor,SRTowersSubashRoad,Opp.ToLalithaKalaParishad,Anantapur–515001.Ankleshwar: ShopNo.F56,FirstFloor,OmkarComplex,Opp.OldColony,Nr.ValiaCharRasta,Gidc,Ankleshwar–393002.Ankleshwar: L/2,KevalShoppingCenter,OldNationalHighway,Ankleshwar–393002.Asansol: BlockG,FirstFloor,PCChatterjeeMarketComplex,RambandhuTalabpoUshagram,Asansol–713303.Asansol: 114/71,GTRoad,NearSonyCentre,BhangaPachil,Asansol–713303.Aurangabad: OfficeNo.1,1StFloor,AmodiComplex,JunaBazar,Aurangabad–431001.Aurangabad: RamkunjNiwas,RailwayStationRoad,NearOsmanpuraCircle,Aurangabad–431005.Azamgarh: 1StFloor,AlkaliBuilding,Opp.NagaripalikaCivilLine,Azamgarh–276001.Balasore: B C Sen Road, Balasore –756001.Balasore: M.sDasStreet,GopalgaonBalasore–756001.Bangalore: TradeCenter,1StFloor,45DickensonRoad,NextToManipalCenter,Bangalore-560042.Bangalore: #186,1stCross,2ndfloorHosurMainRoadWilsonGarden,Bangalore–560027.Bangalore - Basavanagudi: 59,,SkandaPuttannaRoad,Basavanagudi,Bangalore-560004Bangalore - Koramangala: No.408,CitaBldg,IFloor,NextToVodafoneOffice,Koramangala,Bangalore-560095Bangalore - Malleswaram: No.337,Gf-3,KarunaComplex,SampigeRoad,Opp:NewVegetableMarket,Malleshwaram,Bangalore-560003Bankura: AmbikaMarketComplex(GroundFloor),NutanganjPost&DistBankura,Bankura-722101.Bareilly: F-62,63,2NdFloor,ButlerPlazaCommercialComplex,CivilLines,Bareilly–243001.Bareilly: 1StFloor,165CivilLines,Opp.hotelBareillyPalace,NearRailwayStation,Bareilly–243001.Barhampore: ThakurMarketComplex,Gorabazar,PostBerhampore,Dist.Murshidabad,72No.NayasarakRoad,Barhampore–742101.Begusarai: NearHotelDiamondSurbhiComplex,O.cTownshipGate,KapasiyaChowk,Begusarai–851117.Belgaum: 1StFloor,221/2A/1B,VaccineDepotRoad,Near2NdRailwayGate,Tilakwadi,Belgaum–590006.Belgaum: CtsNo3939/A2A1,AboveRaymondsShowRoom,BesideHarshaAppliances,ClubRoad,Belgaum–590001.Bellary: #60/5MullangiCompound,GandhinagarMainRoad,(OldGopalswamyRoad)Bellary–583101.Bellary: No.1KhbColony,GandhiNagar,Bellary–583103.Berhampur: KalikatempleStreet,AdjacenttoSBIBazarBranch,Berhampore,Dist-Ganjam760002Berhampur: Opp–DivyaNandanKalyanMandap,3RdLane,DharamNagar,NearLohiyaMotor,Berhampur–760001.Betul: 107,1StFloor,HotelUtkarsh,J.H.CollegeRoad,Betul–460001.Bhagalpur: Krishna,1StFloor,NearMahadevCinema,Dr.r.p.road,Bhagalpur–812002.Bhagalpur: 2NdFloor,ChandralokComplex,Ghantaghar,RadhaRaniSinhaRoad,Bhagalpu–812001.Bharuch: Shop No 147-148, Aditya Complex,NearKasakCircle,Bharuch–392001.Bhatinda: 2907Gh,GtRoad,NearZilaParishad,Bhatinda–151001.Bhatinda: #2047-A,2NdFloor,TheMallRoad,AboveMaxNewYorkLifeInsurance,NewDelhi–151001.Bhavnagar: 305-306,SterlingPoint,WaghawadiRoad,Opp.HdfcBank,Bhavnagar–364002.Bhavnagar: KrushnaDarshanComplex,ParimalChowk,OfficeNo.306-307,3RdFloor,AboveJedBlueShowRoom,Bhavnagar–364002.Bhilai: First Floor,PlotNo.3,BlockNo.1,PriyadarshiniParisarWest,BehindIDBIBank,NehruNagar,Bhilai–490020.Bhilai: ShopNo-1,FirstFloor;PlotNo-1,CommercialComplex,NehruNagar-EastBhilai–490020.Bhilwara: Indra Prasta Tower2NdFloor,SyamKiSabjiMandi,NearMukerjeeGardenbhilwara–311001.Bhilwara: ShopNo.27-28,1StFloor,HeeraPannaMarketPurRoad,Bhilwara–311001.Bhopal: PlotNo.10,2NdFloor,AlankarComplex,NearIciciBank,MpNagarZoneIi,Bhopal-462011.Bhopal: KayKayBusinessCentre,133,ZoneI,MpNagar,AboveCityBank,Bhopal–462011.Bhubaneswar: PlotNo.111,VarahaComplexBuilding,3RdFloor,StationSquare,KharvelNagar,Unit3,Bhubaneswar–751001.Bhubaneswar: A/181,BackSideOfShivamHondaShowRoom,SaheedNagar,Bhubaneswar–751007.Bhuj: No.17,1StFloor,MunicipalBldg.,Opp.HotelPrinceStationRoad,Bhuj–370001.Bikaner: BehindRajasthanPatrika,InfrontofVijayaBank,1404,AmarSinghPura,Bikaner334001.Bikaner: 70-71,2NdFloor,Dr.chaharBuilding,PanchsatiCircle,SadulGanj,Bikaner–334001.Bilaspur: ShopNo.B-104,FirstFloor,NarayanPlaza,LinkRoad,Bilaspur495001Bilaspur: Shop No-225,226&227,2ndFloor,NarayanPlaza,LinkRoad,Bilaspur-495001. Bokaro: MazzanineFloorF-4,CityCentre,BokaroSteelCity,Bokaro–827004.Bokaro: B-1 1St Floor, City Centre,Sector-4,NearSonaChandiJwellars,Bokaro–827004.Burdwan: 1stFloor,AboveExideShowroom399GTRoadBurdwan-713101.Burdwan: 63GtRoad,HalderComplex1StFloor,Burdwan–713101.Calicut: 29/97G,GulfAirBuilding,2NdFloor,Arayidathupalam,MavoorRoad,Calicut-673016.Calicut: 2NdFloor,SoubhagyaShoppingComplex,ArayidathpalamMavoorRoad,Calicut–673004.Chandigarh: Deepak Towers, Sco 154-155, 1St Floor, Sector17-C,Chandigarh–160017.Chandigarh: Sco2423-2424,Sector22-C,FirstFloor,Chandigarh-160022.Chandrapur: RautsRaghuvanshiComplex,ShopNo-1,OfficeNo-2,1StFloor,BesideAzadGarden,MainRoad,Chandrapur–442402.Chennai: NewNo51,GandhiNagarFirstMainRoad,Adyar,Chennai-600020.Chennai: F-11,AkshayaPlaza,1StFloor,108AdhithanarSalai,Opp.ToChiefMetropolitanCourt,Egmore,Chennai-600002.Chennai: No 155/7,Ullagaram,MedavakkamMainRoad(OpptoIDBIATM)Madipakkam,Chennai-600061. Chennai: G1,GroundFloorSwathiCourt,No.22VijayaraghavaRoad,TNagar,Chennai-600017.Chennai: No.178/10,KodambakkamHighRoad,GroundFloor,Opp.HotelPalmgrove,Nungambakkam,Chennai-600034.Chennai: GroundFloor,19,PatullosRoad,Chennai–600002.Chinsurah: JCGhoshSaranu,BhangaGara,Chinsurah–712101.Cochin: 1St Floor, KCCentre,DoorNo.42/227-B,ChittoorRoad,Opp.NorthTownPoliceStation,Kacheripady,Cochin –682018.Cochin: AliArcade,1StFloor,KizhavanaRoad,PanampillyNagar,NearAtlantisJunction Ernakualm–682036.Coimbatore: 66,LokamanyaStreet(West),R.s.puram,Coimbatore–641002.Coimbatore: 3RdFloor,JayaEnclave,1057AvinashiRoad,Coimbatore–641018.Cuttack: Near Indian Overseas Bank, Cantonment Road, Mata Math, Cuttack–753001.Cuttack: Po-BuxiBazar,Opp.DarghaBazarPoliceStation,DarghaBazar,Cuttack–753001.Darbhanga: JayaComplex2NdFloor,AboveFurniturePlanet,DonarChowk,Darbhanga–846003.Davangere: AkkamahadeviSamajaComplex,ChurchRoad,PJExtension,Davangere–577002.Davangere: #15/9,1StFloor,SobaguComplex,2NdMainRoad(AvkCollegeRoad),PJExtension,Davangere–577002.Dehradun: 204/121, Nari ShilpMandir,MargoldConnaughtPlace,Dehradun–248001.Dehradun: KaulagarhRoadNear,SirmaurMarg,AboveRelianceWebworld,Dehradun–248001.Deoghar: SSMJalanRoad,GroundFloorOpp.HotelAshoke,CasterTown,Deoghar–814112.Deoria: 1StFloor,Opp.ZilaPanchayatCivilLines,Deoria–274001.Dewas: 27,RmoHouse,StationRoad,AboveMaaChamundaGasAgency,Dewas–455001.Dhanbad: Urmila Towers Room No: 111 (1St Floor), BankMore,Dhanbad–826001.Dhanbad: 208,NewMarket,2NdFloor,KatrasRoad,BankMore,Dhanbad–826001.Dharwad: 307/9-A,1StFloor,EliteBusinessCenter,NagarkarColony,PBRoad,Dharwad-580001.Dhule: Ground FloorIdealLaundry,LaneNo4,KholGalli,NearMuthootFinance,Opp.BhavasarGeneralStore,Dhule–424001.Dindigul: No:9,OldNo:4/B,NewAgraharamPalaniRoad,Dindigul–624001.Durgapur: Plot No 3601, Nazrul Sarani CityCentre,Durgapur:713216.Durgapur: Mwav-16BengalAmbuja,2NdFloor,CityCentre,16DtBurdwan,Durgapur–713216.Eluru: D.no:23B-5-93/1,SavithriComplex,EdaravariStreet,NearDr.prabhavathiHospital,R.r.pet,Eluru–534002.Erode: 171-E,SheshaiyerComplex,FirstFloor,AgraharamStreet,Erode–638001.Erode: No:4,VeerappanTradersComplex,KmySalaiSathyRoad,Opp.ErodeBusStand,Erode–638003.Faridabad: B-49,FirstFloor,NehruGround,BehindAnupamSweetHouseNit,Faridabad-121001.Faridabad: A-2BIstFloor,NehruGround,NitFaridabad–121001.Ferozepur: TheMallRoad,ChawlaBuldingIstFloor,Opp.CentrailJail,NearHanumanMandir,Ferozepur–152002.Gandhidham: Shopno.12,ShreeAmbicaArcade,Plotno.300,Ward12,Opp.CGHighSchool,NearHDFCBank,Gandhidham-370201 Gandhinagar: 123,FirstFloor,MeghMalharComplex,Opp.VijayPetrolPump,Sector–11Gandhinagar–382011Gaya: 54.LalKothiCompound,ShreeKrishnaRoad,2ndFloor-NorthSide,Gaya-823001.Ghaziabad: FF-26,KonarkBuilding,1stFloor,RDC-Rajnagar,Ghaziabad201002Ghaziabad: 1StFloor,C-7,LohiaNagar,Ghaziabad–201001.Ghazipur: 2NdFloor,ShubhraHotelComplex,Mahaubagh,Ghazipur–233001.Gonda: ShriMarketSahabgunj,StationRoad,Gonda–271001.Gorakhpur: Shop No 3, 2Nd Floor, Cross RoadTheMall,ADChowkBankRoad,Gorakhpur-273001.Gorakhpur: AboveV.i.p.House,AjdacentA.d.GirlsCollege,BankRoad,Gorakpur–273001.Gulbarga: CtsNo2913,1StFloor,AsianTowers,JagathStationMainRoad,NextToAdithyaHotel,Gulbarga–585105.Guntur: DoorNo.5-38-445/1,Brodipet,NearRaviSankarHotel,Guntur–522002.Guntur: DNo6-10-27,SrinilayamArundelpet,10/1,Guntur–522002.Gurgaon: Sco 16, Sector 14, FirstFloor,Gurgaon–122001.Gurgaon: ShopNo.18,GroundFloor,Sector14,Opp.AkdTower,NearHudaOffice,Gurgaon–122001.Guwahati: A.k.AzadRoad,Rehabari,Guwahati–781008.Guwahati: 1StFloor,BajrangbaliBuilding,NearBoraServiceStation,GsRoad,Guwahati781007.Gwalior: G-6,GlobalApartment,KailashViharColony,Opp.IncomeTaxOffice,CityCentre,Gwalior–474002.Gwalior: 2NdFloor,RajeevPlaza,JayendraGanjLashkar,Gwalior–474009.Haldwani: AboveKapilaz,SweetHouse,OppLicBuilding,Pilikothi,Haldwani–263139.Haridwar: 8GovindPuriOpp.Lic2,AboveVijayBankMainRoad,RanipurMore,Haridwar249401.Hassan: Sas No-212,GroundFloor,SampigeRoad,1StCross,NearHotelSouthernStar,K.R.Puram,Hassan–573201.Hazaribag: Municipal Market, Annanda Chowk, Hazaribag 825301 Hisar: 12Opp.BankOfBaroda,RedSquareMarket,Hisar

125001 Hisar: Sco-711StFloor,RedSquareMarket,Hisar125001.Hoshiarpur: 1St Floor The Mall Tower, Opp Kapila Hospital, Sutheri Road, Hoshiarpur 146001 Hubli: No.2042051StFloor,'B'BlockKundagolComplex,Opp.CourtClubRoad,Hubli580029.Hubli: CtcNo.483/A1/A2,GroundFloorShriRamPlaza,BehindKotakMahindraBank,ClubRoad,Hubli580029.Hyderabad: ‘KARVYCENTRE’8-2-609/K,Avenue4,StreetNo.1,BanjaraHills,Hyderabad–500034. Hyderabad: KARVYSELENIUM,PlotNo.31&32,TowerB,SurveyNo.115/22,115/24&115/25,FinancialDistrict,Gachibowli,Nanakramguda,SerlingampallyMandal,Hyderabad-500032RangaReddyDistrict,TelanganaState. Indore: 101ShalimarCorporateCentre,8-BSouthTukoganj,OppositeGreenPark,Indore452001Indore: 2NdFloor,203-205BalajiCorporates,AboveIciciBank19/1NewPalasia,NearCureWellHospital,JanjeerwalaSquare,Indore452001Jabalpur: 8GroundFloorDattTowers,BehindCommercialAutomobiles,NapierTown,Jabalpur482001.Jabalpur: Grover Chamber, 43 Naya Bazar Malviya Chowk, Opp Shyam Market,Jabalpur482002Jaipur: R-7YudhisthirMargC-Scheme,BehindAshokNagarPoliceStation,Jaipur302001Jaipur: S16/AIiirdFloor,LandMarkBuildingOppJaiClub,MahaverMargCScheme,Jaipur302001Jalandhar: 367/8CentralTown,Opp.GurudwaraDiwanAsthan,Jalandhar144001.Jalandhar: 1StFloorShantiTowers,ScoNo.37PudaComplex,OppositeTehsilComplex,Jalandhar144001.Jalgaon: 70Navipeth,Opp.OldBusStand,Jalgaon425001.Jalgaon: 269,JaeeVishwa,1stfloor,AboveUnitedBankofIndia,BaliramPeth,NearKishorAgencies,Jalgaon-425001.Jalna: ShopNo6GroundFloor,AnandPlazaComplex,BharatNagarShivajiPutlaRoad,Jalna431203.Jalpaiguri: DBCRoad,OppNiralaHotel,Jalpaiguri735101,Jammu: JrdsHeights,LaneOpp.S&SComputers,NearRbiBuildingSector14,NanakNagar,Jammu180004.Jammu: Gupta’s Tower, 2nd Floor, CB-12,RailHeadcomplex,Jammu180012.Jamnagar: 207ManekCentre,PNMarg,Jamnagar361001.Jamnagar: 136-137-138MadhavPalaza,OppSbiBank,NrLalBunglow,Jamnagar361001.Jamshedpur: RoomNo.15IstFloor,MillenniumTower"R"Road,Bistupur,Jamshedpur831001Jamshedpur: 2NdFloorRRSquare,SbShopArea,NearRelianceFootPrint&Hotel-BsParkPlaza,MainRoadBistupur,Jamshedpur831001.Jaunpur: R N Complex1-1-9-G,InFrontOfPathakHonda,Ummarpur,Jaunpur222002.Jhansi: 372/18D,IstFlooraboveIDBIBank,BesideV-Mart,Near"RASKHAN"GwaliorRoad,Jhansi–284001.Jhansi: 371/01 Narayan Plaza, Gwalior Road, NearJeevanShahChauraha,Jhansi284001Jodhpur: 1/5NirmalTower,1StChopasaniRoad,Jodhpur342003Jodhpur: 203ModiArcade,ChopasniRoad,Jodhpur342001Junagadh: "Aastha Plus" 202-A 2Nd Floor, Sardarbag RoadNr.alkapuri,Opp.ZansiRaniStatue,Junagadh362001Junagadh: 124-125PunitShoppingCenter,M.gRoadRanavavChowk,Junagadh362001Kadapa: BandiSubbaramaiahComplex,D.no:3/1718ShopNo:8,RajaReddyStreet,BesidesBharathiJuniorCollege,Kadapa516001Kakinada: No.33-144SriSathyaComplex,MainRoad,Kakinada533001Kalyani: A-1/50 Block Akalyani, Dist Nadia, Kalyani 741235 Kannur: RoomNo.Pp14/435,CasaMarina Shopping Centre, Talap, Kannur 670004 Kannur: 2NdFloorprabhathComplex,FortRoadNr.iciciBank,Kannur670001Kanpur: First Floor 106-108, City Centre Phase Ii, 63/ 2 The Mall, Kanpur 208001 Kanpur: 15/46 B Ground Floor, Opp: Muir Mills, Civil Lines, Kanpur 208001 Karaikudi: No.2GopiArcade,100FeetRoad,Karaikudi630001Karimnagar: H.no.7-1-257,UpstairsS.b.h,Mankammathota,Karimnagar505001Karimnagar: H.no.4-2-130/131AboveUnionBank,JafriRoadRajeevChowk,Karimnagar505001Karnal: 18/369CharChaman,KunjpuraRoad,BehindMiglaniHospital,Karnal132001.Karur: 126 Gvp Towers, Kovai Road, Basement Of Axis Bank, Karur639002.Karur: No.6OldNo.1304Thiru-Vi-KaRoad,NearG.r.kalyanMahal,Karur639001.Kharagpur: ShivhareNiketan,H.no.291/1WardNo-15,MalanchaMainRoad,OppositeUcoBank,Kharagpur721301Kharagpur: 180 Malancha Road, Beside Axis Bank Ltd, Kharagpur 721304 Kolhapur: 2 B 3Rd Floor Ayodhya Towers, Station Road, Kolhapur 416001 Kolhapur: 605/1/4 E Ward Shahupuri 2Nd Lane, Laxmi Niwas Near Sultane Chambers, Kolhapur 416001 Kolkata: ApeejayHouse(BesideParkHotel),15ParkStreet,CBlock,3rdFloor,Kolkata-700016.Kolkata: SaketBuilding,44ParkStreet2NdFloor,Kolkata-700016.Kolkata: Chowringhee Court, 2nd Floor, Unit No.33,55/55/1,ChowringheeRoad,Kolkata–700071.Kollam: KochupilamooduJunction,NearVlcBeachRoad,Kollam691001Kollam: SreeVigneswaraBhavan,ShastriJunction,Kadapakada,Kollam691001Korba: 1St Floor CityCentre,97IrccTransportNagar,Korba495677Kota: B-33 'Kalyan Bhawan', Triangle Part, Vallabh Nagar, Kota 324007 Kota: 29IstFloorNearLalaLajpatRaiCircle,ShoppingCentre,Kota324007Kottayam: JacobComplex,BuildingNo-OldNo-1319F,NewNo-2512D,BehindMakkilCentre,GoodSheperdRoad,Kottayam686001 Kottayam: 1St Floor Csiascension Square, Railway Station Road, Collectorate P O, Kottayam 686002 Kumbakonam: JailaniComplex, 47 Mutt Street, Kumbakonam 612001 Kurnool: ShopNos.26and27,DoorNo.39/265Aand39/265B,SecondFloor,SkandaShoppingMall,OldChadTalkies,Vaddageri,39thWard,Kurnool-518001. Kurnool: Shop No.431StFloor,SVComplexRailwayStationRoad,NearSbiMainBranch,Kurnool518004Lucknow: Alambagh,KsmTowerCp-1SinderDump,NearAlambaghBusStation,Alambagh,Lucknow–226005Lucknow: B-1/2VijayKhand,NearUnionBankOfIndia,Gomtinagar,Lucknow–226010Lucknow: Hig-67SectorE,Aliganj,Lucknow–226024Lucknow: P1stFloor,AAComplex,ThaperHouse,5ParkRoad,Hazratganj,Lucknow–226001Lucknow - alambagh: No.4FirstFloor,CentreCourt5,ParkRoad,Hazratganj,Lucknow226001Ludhiana: U/GfPrinceMarket,GreenFieldNearTrafficLights,SarabhaNagar,PulliPakhowalRoad,(AboveDr.VirdisLab),P.o.ModelTown,Ludhiana 141002 Ludhiana: Sco 136, 1St Floor Above Airtel Showroom, Feroze Gandhi Market, Ludhiana 141001 Madurai: # Ist Floor 278, North Perumal Maistry Street,(Nadar Lane), Madurai 625001 Madurai: Rakesh Towers, 30-C Ist Floor, Bye Pass Road, Opp Nagappa Motors, Madurai 625010 Malappuram: First Floor Cholakkal Building, Near U P School Up Hil, Malappuram 676505 Malda: SahisTuliUnderWardNo.6,No.1GovtColony,EnglishBazarMunicipality, Malda 732101 Mandi: 149/11SchoolBazaar,Mandi175001Mangalore: No.G4&G5InlandMonarch,Opp.KarnatakaBank,KadriMainRoadKadri,Mangalore575003.Mangalore: Mahendra Arcade Opp Court Road, Karangal Padi, Mangalore 575003 Margao: F4-ClassicHeritage,nearAxisBank,opp.BPSClub,Pajifond,Margao,Goa403601 Margao: 2NdFloorDalalCommercialComplex,Pajifond,Margao403601Mathura: Ambey Crown, Iind Floor, In Front Of Bsa College, Gaushala Road, Mathura 281001 Meerut: 108 1St Floor Shivam Plaza, Opposite Eves Cinema, Hapur Road, Meerut 250002 Meerut: 1St Floor Medi Centre, Opp Icici Bank, Hapur Road Near Bachha Park, Meerut 250002 Mehsana: 1St Floor Subhadra Complex, Urban Bank Road, Mehsana 384002 Mehsana: Ul/47 Apollo Enclave, Opp Simandhar Temple, Modhera Cross Road, Mehsana 384002 Mirzapur: Above Hdfc Bank,Dankeenganj,Mirzapur231001Moga: 1St Floor Dutt Road, Mandir Wali Gali, Civil Lines Barat Ghar, Moga 142001 Moradabad: H21-22,IstFloor,RamGangaViharShoppingComplex,OppositeSaleTaxOffice,Moradabad244001 Moradabad: Om Arcade Parker Road, Above Syndicate Bank, Chowk Tari Khana, Moradabad 244001 Morena: MotiPalace,NearRamjankiMandir,Morena476001Mumbai: Cts No 411, 202 Citi Point, 2Nd Floor, Telli Galli, RajashreeShahuMaharajMarg,AboveC.t.ChatwaniHall,Opp.HeroHondaShowroom,Andheri(East),Mumbai-400069.Mumbai: RajabahdurCompound,GroundFloor,OppAllahabadBank,BehindIciciBank,30MumbaiSamacharMarg,Fort,Mumbai-400023.Mumbai: 114,1stfloor,CommerceHouse,140,NagindasMasterRoad,Fort,Mumbai–400023.Mumbai - Andheri: 131 Andheri Industrial Estate, Veera Desai Road, Andheri (West), Mumbai –400053.Mumbai - Borivali: A-1,HimanshuBuilding,SodawalaCrossLane,NearChamundaCircle,BorivaliWest,Mumbai–400092.Mumbai - Chembur: ShopNo.4,GroundFloor,ShramSaflyaBldg.,N.G.AcharyaMarg,Chembur,Mumbai-400071.Mumbai - Fort: 24/B,RajaBahadurCompound,AmbalalDoshiMarg,BehindBseBldg,Fort-400001Mumbai - Vashi: ShopNo.43-A,GroundFloor,VashiPlaza,Sector-17,NearApnaBazar,Vashi,Mumbai-400705.Mumbai - Vile parle: 104,SangamArcade,V.P.RoadOpp:RailwayStation,AboveAxisBank,VileParle(West),Mumbai–400056Muzaffarpur: Brahman Toli, Durgasthan Gola Road, Muzaffarpur 842001 Muzaffarpur: First Floor, Shukla Complex, Near ICICI Bank, Civil Court Branch, Company Bagh, Muzaffarpur - 842001 Mysore: No.11StFloorCh.26,7ThMain5ThCross,AboveTrishakthiMedicals,SaraswatiPuram,Mysore570009Mysore: L-350 SilverTower,AshokaRoadOpp.clockTower,Mysore570001Nadiad: 104/105 Near Paras Cinema, City Point Nadiad, Nadiad 387001 Nagercoil: 45,EastCarStreet,1stFloorNagercoil-629001. Nagpur: 145 Lendra Park, Behind Shabari, New Ramdaspeth, Nagpur 440010 Nagpur: PlotNo2/1HouseNo102/1,MataMandirRoad,MangaldeepAppartment,OppKhandelwalJewelers,Dharampeth,Nagpur440010Namakkal: 105/2 Arun Towers, Paramathi Street, Namakkal 637001 Nanded: ShopNo.4SantakripaMarket,GGRoadOpp.bankOfIndia,Nanded431601Nasik: Ruturang Bungalow 2, Godavari Colony, Behind Big Bazar, Near Boys Town, School, Off College Road,Nasik 422005 Nasik: F-1SuyojitSankul,SharanpurRoad,Nasik422002Navsari: 161StFloorShivaniPark,Opp.ShankheswarComplex,Kaliawadi,Navsari396445Navsari: 1/1 Chinmay Aracade, Opp Sattapir Rd, Tower Rd, Navsari 396445Nellore: 9/756FirstFloor,ImmadisettyTowers,RanganayakulapetRoad,Santhapet,Nellore524001Nellore: 16-2-230 Room No : 27, 2Nd Floor Keizen Heights, Gandhi Nagar, Pogathota, Nellore 524001 New Delhi: 305 New Delhi House , 27 Barakhamba Road , New Delhi - 110001 New Delhi: 7-E,4ThFloor,DeenDayaalResearchInstituteBldg.,SwamiramTirathNagar,JhandewalanExtn,NearVideoconTower,NewDelhi-110055New Delhi: 605, 6th Floor, Ashoka Estate Building, 24, Barakhamba Road, New Delhi - 110001 Nizamabad: H No:5-6-430, Above Bank Of Baroda First Floor, Beside Hdfc Bank, Hyderabad Road, Nizamabad 503003 Noida: C-81 First Floor, Sector 2, Noida 201301 Noida: 405,4thFloor,VishalChamberPlotNo.1,Sector-18Noida-201301(U.P)Palakkad: 10 / 688 Sreedevi Residency, Mettupalayam Street, Palakkad 678001 Palakkad: No:20&21,MetroComplex,H.p.o.road,Palakkad678001Panipat: Sco83-84IstFloor,DeviLalShoppingComplex,OppRbsBank,GTRoad,Panipat132103.Panipat: 1StFloor,KrishnaTower,AboveAmertex,G.t.Road,Panipat132103Panjim: Lawande SarmalkarBhavan,1stFloor,OfficeNo.2NexttoMahalaxmiTemple,PanajiGoa–403001. Panjim: CityBusinessCentre,CoelhoPereiraBuilding,RoomNo1819&20,DadaVaidyaRoad,Panjim403001Pathankot: 1StFloor9A, Improvement Trust Building, Patel Chowk, Pathankot 145001 Patiala: 35 New Lal Bagh Colony, Patiala 147001 Patiala: Sco 27 D, Chotti Baradari, Near Car Bazaar, Patiala 147001 Patna: G-3 Ground Floor, Om Vihar Complex, Sp Verma Road, Patna 800001 Patna: 3A 3Rd Floor Anand Tower, Exhibition Road Opp Icici Bank, Patna 800001 Pollachi: 146/4 Ramanathan Building, 1St Floor New Scheme Road, Pollachi 642002 Pondicherry: S-8 100 JawaharlalNehruStreet,(NewComplexOpp.IndianCoffeeHouse),Pondicherry605001Pondicherry: No:7ThiayagarajaStreet,Pondicherry605001Proddatur: D.NO:4/625,BhairaviComplex,UpstairsKarurVysyaBank,GandhiRoad,Proddatur–516360. Pudukottai: SundaramMasilamaniTowers,TsNo.54765479,PmRoadOldTirumayamSalai,NearAnnaStatueJublieArts,Pudukottai622001Pune: MozaicBldg,CTSNo.1216/1,FinalPlotNo.576/1TP,SchemeNo.1,FCRoad,Bhamburda,ShivajiNagar,Pune–411004.Pune: NirmitiEminence,OffNo.6,IFloorOpp.AbhishekHotel,MehandaleGarageRoad,Erandawane,Pune-411004.Raipur: Hig C-23 Sector 1,DevendraNagar,Raipur492004Raipur: OfficeNo.S-13,SecondFloor,RahejaTower,FafadihChowk,JailRoad,Raipur-492001 Rajahmundry: DoorNo:6-2-121StFloor,RajeswariNilayamNear,VamsikrishnaHospital,NyapathiVariStreet,TNagar,Rajahmundry 533101Rajahmundry: D.no.6-1-4RangacharyStreet,T.nagar NearAxisBankStreet,Rajahmundry 533101Rajapalayam: Sri Ganapathy Complex, 14B/5/18 T P Mills Road, VirudhungarDist,Rajapalayam626117.Rajkot: Office207210EverestBuilding,OppShastriMaidan,LimdaChowk,Rajkot360001Rajkot: 104SiddhiVinyakCom.,OppRamkrishnaAshram,DrYagnikRoad,Rajkot360001Ranchi: 4 Hb Road No: 206, 2Nd Floor Shri Lok Complex, Ranchi 834001 Ranchi: Room No 307 3Rd Floor, Commerce Tower, Beside Mahabir Tower, Ranchi 834001 Ratlam: 1NagpalBhawan,FreeGanjRoad,DoBattiNearNokia Care, Ratlam 457001 Renukoot: RadhikaBhavan,Opp.PadminiHotel,Murdhwa,Renukoot231217Rewa: IstFloorAngooriBuilding,BesidesAllahabadBank,TransUniversityRoad,CivilLines,Rewa485001.Rohtak: 205 2NdFloorBuildingNo:2,MunjalComplex,DelhiRoad,Rohtak124001Rohtak: 1St Floor Ashoka Plaza, Delhi Road, Rohtak 124001 Roorkee: ShreeAshadeepComplex,16CivilLines,NearIncomeTaxOffice,Roorkee247667Rourkela: 1StFloorMangalBhawan,PhaseIiPowerHouseRoad,Rourkela769001Rourkela: 1StFloorSandhuComplex,KacheryRoad,Uditnagar,Rourekla769012Sagar: II Floor, Above Shiva Kanch Mandir, 5 Civil Lines, Sagar -470002. Saharanpur: IFloorKrishnaComplex,Opp.HathiGateCourtRoad,Saharanpur247001Saharanpur: 18 Mission Market, Court Road, Saharanpur 247001 Salem: No.2IFloorVivekanandaStreet,NewFairlands,Salem636016 Salem: No:40 Brindavan Road, Fairlands, Near Perumal Koil, Salem 636016 Sambalpur: Opp.TownHighSchool,Sansarak,Sambalpur768001Sambalpur: Koshal Builder Complex, Near Goal Bazaar Petrol Pump, Sambalpur - 768001 Sangli: JiveshwarKrupaBldg,Shop.No.2GroundFloor,TilakChowkHarbhatRoad,Sangli416416Satara: 117 / A / 3 / 22 Shukrawar Peth, Sargam Apartment, Satara 415002 Satna: 1St Floor Gopal Complex, Near Bus Stand, Rewa Road, Satna 485001 Secunderabad: 208IiFloorJadeArcade,ParadiseCircle,Secunderabad500003.Secunderabad: 1StFloorThirumalaComplex,ParadiseCircleS.dRoad,Opp.HotelKamat,Secunderabad 500003 Shaktinagar: 1St/A-375 V V Colony, Dist Sonebhadra, Shaktinagar 231222 Shillong: AnnexManiBhawan,LowerThanaRoad,NearRKMLpSchool,Shillong793001Shimla: 1St Floor Opp Panchayat Bhawan, Main Gate, Bus Stand, Shimla 171001, Shimla: Triveni Building, By Pas Chowkkhallini, Shimla -171002 Shimoga: No.651stFloor,KishnappaCompound,1stCross,HosmaneExtn,Shimoga577201Shimoga: Sri Matra NaikaComplex,1StFloor,AboveShimogaDiagnosticCentre,LlrRoadDurgigudi,Shimoga577201.Shivpuri: 1StFloorM.p.r.p.Building,NearBankOfIndia,Shivpuri473551Sikar: First Floor Super Tower, Behind Ram Mandir, Near Taparya Bagichi, Sikar 332001 Silchar: N.n.DuttaRoad,ChowchakraComplex,Premtala,Silchar788001,Siliguri: 17BSwamijiSarani,Siliguri734001Siliguri: NanakComplex,SevokeRoad,Siliguri–734001Sitapur: 12/12-A Sura Complex, Arya Nagar, Opp Mal Godam, Sitapur 261001 Sivakasi: 363 Thiruthangal Road, Opp: Tneb, Sivakasi 626123 Solan: SahniBhawan,AdjacentAnandCinemaComplex,TheMallSolan173212Solapur: Flat No1091StFloor,AWingKalyaniTower,126SiddheshwarPeth,NearPangalHighSchool,Solapur41300Solapur: BlockNo06VamanNagar,OppD-MartJuleSolapur,Solapur413004Sonepat: 205 R Model Town, Above Central Bank Of India, Sonepat 131001 Sri ganganagar: 18 L Block, Sri Ganganagar 335001 Sri ganganagar: 35E Block, Opp: Sheetla Mata Vaateka, Sri Ganganagar 335001 Srikakulam: D.no-4-1-28/1,VenkateswaraColony,NearIncomeTaxOffice,Srikakulam532001Sultanpur: KarvyComputersharePvt.Ltd.1077/3,CivilLines,OppBusStand,Sultanpur228001Surat: PlotNo.6292NdFloor,FficeNo.2-C/2-D,AnsukhlalTower,BesideSeventhDayHospital,Opp.dhirajSonsAthwalines,Surat–395001.Surat: G-5EmpireStateBuliding,NrUdhnaDarwaja,RingRoad,Surat-395002.Thane: 101, Yashwant Building, Ram Ganesh, Godkari Path, Ram Maruti Road, Naupada,Thane, Mumbai -400602.Thane: 3RdFloor,NalandaChambers,BWing,GokhaleRoad,NearHanumanTemple,Naupada,Thane(West)-400602.Thane: 103-105, Orion Business Park, Ghodbunder Road, Kapurbawdi, Thane (West) - 400 607 Thanjavur: No.70NalliahComplex,SrinivasamPillaiRoad,Tanjore-613001.Thiruvalla: 24/590-14,C.v.pParliamentSquareBuilding,CrossJunction,Thiruvalla689101Thiruvalla: 2NdFloorErinjeryComplex,Ramanchira,OppAxisBank,Thiruvalla689107Tirunelveli: 1StFloorManoPremaComplex,182/6S.NHighRoad,Tirunelveli627001Tirunelveli: 55/18JeneyBuilding,SNRoadNearAravindEyeHospital,Tirunelveli627001Tirupathi: ShopNo:6DoorNo:19-10-8,OppToPassportOffice,AirBypassRoad,Tirupathi517501Tirupathi: H.no:10-13-4251StFloor,TilakRoadOpp:SrideviComplex,Tirupathi517501Tirupur: 1 (1) Binny Compound, 2Nd Street KumaranRoad,Tirupur641601.Tirupur: FirstFloor244A,KamarajRoad,OppToCottonMarketComplex,Tirupur641604.Trichur: RoomNo26&27,DeePeePlaza,Kokkalai,Trichur680001.Trichur: 2Nd Floor Brothers Complex,NaikkanalJunction,ShornurRoad,NearDhanalakshmiBankHO,Thrissur680001Trichy: No8IFloor8ThCross,WestExtn.Thillainagar,Trichy620018Trichy: 60 Sri Krishna Arcade, Thennur High Road, Trichy 620017 Trivandrum: RSComplex,OppositeOfLicBuildings,PattomPO,Trivandrum695004Trivandrum: 2NdFloorAkshayaTower,Sasthamangalam,Trivandrum695010Tuticorin: 4BA34A37,MangalmalManiNagar,Opp.RajajiPark,PalayamkottaiRoad,Tuticorin628003Udaipur: ShreeKalyanam,50,TagoreNagar,Sector–4,Hiranmagri,Udaipur–313001. Udaipur: 201-202 Madhav Chambers, Opp G P O, Chetak Circle, Udaipur 313001 Ujjain: 101AashtaTower,13/1DhanwantriMarg,Freeganj,Ujjain456010Vadodara: 103AriesComplexBpcRoad,OffR.c.DuttRoad,Alkapuri,Vadodara390007Vadodara: 203,Cornerpoint,JetalpurRoad,Vadodara-390007Valsad: GitaNivas3RdFloor,Opp.HeadPostOffice,HalarCrossLane,Valsad396001Valsad: ShopNo2PhirozaCorner,OppNextShowRoom,TithalRoad,Valsad396001Vapi: 2082NdFloorHeenaArcade,Opp.TirupatiTower,NearG.i.d.c.CharRasta,Vapi 396195 Vapi: ShopNo-12 GroundFloor,SheetalAppatment,NearKPTower,Vapi 396195Varanasi: OfficeNo1 SecondFloor,BhawaniMarket,BuildingNo.D58/2A1Rathyatra,BesideKuberComplex,Varanasi 221010 Varanasi: D-64/1321St Floor, Anant Complex Sigra, Varanasi 221010 Vellore: No.1Officer'sLine2NdFloor,MnrArcadeOpp.IciciBank,KrishnaNagar,Vellore632001Vellore: 1MNRArcade,OfficersLine, Krishna Nagar, Vellore 632001 Vijayawada: 40-1-68Rao&RatnamComplex,NearChennupatiPetrolPump,M.gRoad,Labbipet,Vijayawada520010Vijayawada: 39-10-7Opp:MunicipalWaterTank,Labbipet,Vijayawada520010 Visakhapatnam: Door No 48-3-2, Flat No 2, 1st Floor, Sidhi Plaza, Near Visakha Library, Srinagar, Visakhapatnam 530016 Visakhapatnam: Door No: 48-8-7, Dwaraka Diamond, Ground Floor Srinagar, Visakhapatnam 530016 Vizianagaram: Soubhagya19-6-1/3,2NdFloorNearFortBranch,Opp:ThreeTemples,Vizianagaram535002Warangal: A.b.kMall,NearOldBusDepotRoad,F-7IstFloorRamnagar,Hanamkonda,Warangal506001Warangal: 5-6-951StFloor,Opp:B.edCollage,LashkarBazar,ChandraComplex,Hanmakonda,Warangal506001Yamuna nagar: 124 B/Rmodel Town, Yamuna Nagar 135001 Yamuna nagar: JagdhariRoad,AboveUcoBank,NearD.a.v.GirlsCollege,YamunaNagar135001.

Point of Services (“POS”) of MF Utilities India Pvt. Ltd. (“MFUI”) (Cont’d)ThelistofPOSofMFUIispublishedonthewebsiteoftheFundatwww.dspblackrock.comandMFUIatwww.mfuindia.comandwillbeupdatedfromtimetotime.

*Anynewoffices/centresopenedwillbeincludedautomatically.Forupdatedlist,pleasevisitwww.dspblackrock.comandwww.camsonline.com.

17.08.2017.V10.2017

For more information on DSP BlackRock Mutual Fund Visit www.dspblackrock.com or call Toll Free No.: 1800-200-4499

www.dspblackrock.com

Email: [email protected]

Contact Centre: 1800-200-4499

FORMS COMPLETION AND SUBMISSION CHECK LIST

o TobefilledbyNEWInvestorsonlyo Form is complete in all respect like Name, Address, Contact Details, Status,

PANo Modeofholdingisspecifiedincaseofmorethanoneapplicantso KYC Details (Occupation, Gross Annual Income, Net worth etc) are mentioned

for ALL applicants, as applicableo Aadhaar copy is attached for all holders including Guardian and POAo BankAccountDetailsarecomplete.Bankaccountnumberisprovidedinfull

and not abbreviatedo Appropriate Scheme, Plan, Option are mentioned clearly

o ChequeorDDisdrawninfavorofthe“SchemeName”andcrossed“AccountPayee”.PayInBankdetailsarementioned

o Additional documents provided if investor name is not pre-printed on payment cheque or if Demand Draft is used

o Application number/folio number is mentioned on the reverse of the instrumento FATCADetailsarefilledinbyIndividualInvestorso FATCA,CRS&AdditionalKYCFormandUBOFormisenclosedforNonIndividualso Nomination details are provided by Individual Applicantso KYCLetterfromKRA(forallapplicants)isattached.o Form is Signed by all applicantso ARN code, EUIN etc are mentioned as applicable

(B) EXISTING INVESTORS FORM

o TobefilledbyExistingInvestorsonlyo Can be used for Purchase, Switch, Redemption etc o Separate form is be used for each transaction/scheme/plano Scheme, plan and option is clearly mentioned for all transactionso Amount is clearly mentioned for all transactionso Date, Frequency, Period is clearly mentioned in case of SIP/STP/DTPo Form is signed as per mode of holdingo ARN code, EUIN etc are mentioned as applicable

ACCOMPANYING DOCUMENT CHECKLISTApplicantsshouldsubmitfollowingdocuments,asapplicable,withtheapplication.Alldocumentsshouldbeoriginal/truecopiescertifiedbyaDirector/Trustee/CompanySecretary/AuthorisedSignatory.ApplicantsnotcoveredbeloworforeignapplicantslikeFPIs,FIIsetcshouldapproachtheAMCforeligibilityanddocumentsrequired.

Documents Individual/HUF NRIs/PIOs Investments through POA Companies Partnership Firms Trust / Societies

KYC (as applicable)

Notarised Power of Attorney

FATCA

UBO

PIO / OCI Card

Aadhaar

List of Authorised Signatories with Specimen Signature(s)

Board CommitteeResolution/ Authorisation to invest

FIRC where payment is made by DD from NRE or FCNR A/c

Visitwww.dspblackrock.com>Servicestoknowmoreon

(C) OTM FORM

o OTMFormiscompleteinallrespect.o Bank Name, Account Number, MICR/IFSC Code for debit has been mentioned

clearlyandlegibly.o Amount is mentioned in Words and in Figures, as is written on a chequeo Folio number or Application number is clearly mentionedo StartmonthclearlymentionedasDD/MM/YYYY.o Form is signed by All applicants as in bank records o Name clearly mentioned below the signature/so ARN code, EUIN etc are mentioned as applicable

(A) COMMON APPLICATION FORM

ADDENDUM

This addendum sets out the changes to be made in the Key Information Memorandum (KIM) of the below mentioned schemes of DSP BlackRock Mutual Fund (‘Fund’), pursuant to the resolution passed by DSP BlackRock Trustee Company Pvt. Ltd., Trustee to the Fund. 1. Change in name of schemes of the Fund with effect from March 16, 2018 The name of the following schemes shall be changed wherever appearing in the KIM/Combined KIM as under:

Sr. No. Existing Name Modified Name

I. DSP BlackRock Opportunities Fund DSP BlackRock Equity Opportunities Fund

II. DSP BlackRock MIP* Fund DSP BlackRock Regular Savings Fund

III. DSP BlackRock Balanced Fund DSP BlackRock Equity & Bond Fund

*Monthly income is not assured and is subject to availability of distributable surplus. 2. Addition of Fund Manager under DSP BlackRock Small and MidCap Fund (‘DSPBRSMF’) and DSP BlackRock Micro

Cap Fund (‘DSPBRMCF’) with effect from March 16, 2018.

(i) With respect to DSPBRSMF, details in the row pertaining to the ‘Name of the Fund Manager’ shall be replaced with the following: Mr. Vinit Sambre, Mr. Resham Jain and Mr. Jay Kothari (Dedicated fund manager for overseas investments) Tenure: Mr. Vinit Sambre is managing the Scheme since inception of the Scheme i.e. from July 2012. (5 years and 8 months)

(ii) With respect to DSPBRMCF, details in the row pertaining to the ‘Name of the Fund Manager’ shall be added with the following: Mr. Vinit Sambre, Mr. Resham Jain and Mr. Jay Kothari (Dedicated fund manager for overseas investments) Tenure: Mr. Vinit Sambre managing the Scheme since June 2010 (7 years & 9 months) Mr. Jay Kothari managing the Scheme since March 2013 (5 years)

The above mentioned change shall override the conflicting provisions, if any, and shall form an integral part of KIM and CKIM of the Schemes of the Fund. All the other provisions of the KIM and CKIM except as specifically modified herein above remain unchanged.

FOR DSP BLACKROCK TRUSTEE COMPANY PVT. LTD. TRUSTEE: DSP BLACKROCK MUTUAL FUND

Place : Mumbai

Sd/-

Sd/- Date : March 9, 2018 Shitin Desai

Chairman S. S. Thakur Director

A. Effective date for name change for below schemes is : February 14, 2018 Sr. No.

Existing Name Modified Name

I. DSP BlackRock Constant Maturity 10Y Gsec Fund

DSP BlackRock 10Y Gsec Fund

II. DSP BlackRock Treasury Bill Fund DSP BlackRock Savings Fund

III. DSP BlackRock Ultra Short Term Fund DSP BlackRock Low Duration Fund B. Effective date for name change for below schemes is : March 16, 2018 Sr. No.

Existing Name Modified Name

I. DSP BlackRock Opportunities Fund DSP BlackRock Equity Opportunities Fund

II. known as DSP BlackRock MIP Fund DSP BlackRock Regular Savings Fund

III. DSP BlackRock Balanced Fund DSP BlackRock Equity & Bond Fund

IV. DSP BlackRock Focus 25 Fund DSP BlackRock Focus Fund

V. DSP BlackRock Small and Midcap Fund DSP BlackRock Midcap Fund

VI. DSP BlackRock Microcap Fund DSP BlackRock Small cap Fund

VII. DSP BlackRock Income Opportunities Fund

DSP BlackRock Credit Risk Fund

ADDENDUM

This addendum sets out the changes to be made in the Scheme Information Document (‘SID’) of the below mentioned Schemes of DSP BlackRock Mutual Fund (‘Fund’), pursuant to the resolution passed by DSP BlackRock Trustee Company Pvt. Ltd., Trustee to the Fund. DSP BlackRock Equity Fund DSP BlackRock Top 100 Equity Fund DSP BlackRock Natural Resources and New Energy Fund DSP BlackRock Tax Saver Fund DSP BlackRock Equal Nifty 50 Fund DSP BlackRock Liquidity Fund DSP BlackRock Strategic Bond Fund DSP BlackRock Government Securities Fund DSP BlackRock Balanced Fund DSP BlackRock World Agriculture Fund DSP BlackRock Global Allocation Fund DSP BlackRock US Flexible Equity Fund

DSP BlackRock Low Duration Fund

CHANGE IN FUND MANAGERS OF BELOW SCHEMES OF THE FUND W.E.F MARCH 01, 2018 1. Changes to SID of DSP BlackRock Liquidity Fund

In ‘Section V – Information about the Scheme’, the table pertaining to ‘H. Who will manage the Scheme?’ shall be replaced with the following:

Fund Manager

Age Tenure Qualifications Brief Experience Other Scheme Managed

Kedar Karnik

37 years

1 year and 8 months

MMS (Finance), BE (Electronics & Telecommunication)

Over 12 years of experience as detailed under: From September 2012 to June 2016, Fund Manager – Fixed Income, Axis Asset Management Company Ltd. From July 2008 to September 2012, Fund Manager – Fixed Income, HSBC Asset Management (India) Pvt. Ltd. From September 2005 to July 2008, Manager – Ratings, CRISIL Ltd.

Co – Fund Manager of DSP BlackRock Money Manager Fund, DSP BlackRock Low Duration Fund, DSP BlackRock Savings Fund, DSP BlackRock MIP^ Fund, DSP BlackRock Equity Savings Fund, DSP BlackRock US Flexible* Equity Fund, DSP BlackRock Global Allocation Fund and DSP BlackRock 3 Years Close Ended Equity Fund

Rahul Vekaria

30 years

- Chartered Accountant

Over 7 years of experience in Fixed Income as detailed under: From December 22, 2017 onwards: Fund Manager, AVP, Fixed Income From August 2017 – December 2017 – AVP, Fixed Income From May 2017 – August 2017 – Fund Manager, Fixed Income, Axis Asset Management Company Limited From April 2012 to May

Co – Fund Manager of DSP BlackRock Money Manager Fund, DSP BlackRock Savings Fund, DSP BlackRock Low Duration Fund And DSP BlackRock Arbitrage Fund

2017 – Dealer - Fixed Income, Axis Asset Management Company Limited From April 2010 to April 2012 – Credit Analyst – Fixed Income, Axis Asset Management Company Limited From 2007 to 2009 - Price Waterhouse Coopers, Audit Assistant – Financial Services

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

2. Changes to SID of DSP BlackRock Strategic Bond Fund


Fund Manager

Age Tenure Qualifications

Brief Experience Other Scheme Managed

Saurabh Bhatia

39 years

-- PGDBM - Finance

From January, 2018 onwards: Fund Manager, VP, Fixed Income From July 2017 – December 2017 – VP, Fixed Income June 2015 - July 2017 ICICI Bank Ltd.- AGM Proprietary Trading Group Feb 2009 – Jun 2015 - HSBC Asset Management (India) Private Ltd. – Vice President - Fixed Income November 2005 – February 2009 - Sahara India Financial Corporation Ltd. Chief Dealer – Fixed Income April 2004 – October 2005 – Tower Capital And Securities Pvt. Ltd. - Dealer – Fixed Income June 2003 – March 2004 - Chandrakala Money And Capital Management Ltd. – Dealer – Fixed Income October 2001 - May 2003 – Birla Sun Life Securities Ltd. – Graduate Trainee

Co – Fund Manager of DSP BlackRock Bond Fund, DSP BlackRock Short Term Fund , DSP BlackRock Dynamic Asset Allocation Fund, DSP BlackRock Banking & PSU Debt Fund and DSP BlackRock Government Securities Fund.

Vikram Chopra

39 years

1 year 8 months

B.Com. (HONS) PGDM (MBA)

Over 17 years of experience From November 2012 – May 2016 – Fund Manager, L&T Mutual Fund From June 2006– November 2012 – Fund Manager, Fidelity Mutual Fund From August 2002 – June 2006 – Manager - IDBI Bank From June 2001 – August 2002 – Manager - Axis Bank

Co – Fund Manager DSP BlackRock Banking & PSU Debt Fund, DSP BlackRock Government Securities Fund, DSP BlackRock 10Y G-Sec Fund, DSP BlackRock MIP^ Fund, DSP BlackRock Equity Savings Fund and DSP BlackRock Balanced Fund.

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

3. Changes to SID of DSP BlackRock Government Securities Fund


Fund Manager

Age Tenure Qualifications

Brief Experience Other Scheme Managed

Vikram Chopra

39 years

1 year 8 months



Co – Fund Manager DSP BlackRock Banking & PSU Debt Fund, DSP BlackRock Strategic Bond Fund, DSP BlackRock 10Y G-Sec Fund, DSP BlackRock MIP^ Fund, DSP BlackRock Equity Savings Fund and DSP BlackRock Balanced Fund.

Saurabh Bhatia

39 years

-- PGDBM - Finance

From January, 2018 onwards: Fund Manager, VP, Fixed Income From July 2017 – December 2017 – VP, Fixed Income June 2015 - July 2017 ICICI Bank Ltd.- AGM Proprietary Trading Group Feb 2009 – Jun 2015 - HSBC Asset Management (India) Private Ltd. – Vice President - Fixed Income November 2005 – February 2009 - Sahara India Financial Corporation Ltd. Chief Dealer – Fixed Income April 2004 – October 2005 – Tower Capital And Securities Pvt. Ltd. - Dealer – Fixed Income June 2003 – March 2004 - Chandrakala Money And Capital Management Ltd. – Dealer – Fixed Income October 2001 - May 2003 – Birla Sun Life Securities Ltd. – Graduate Trainee

Co – Fund Manager of DSP BlackRock Bond Fund, DSP BlackRock Short Term Fund , DSP BlackRock Dynamic Asset Allocation Fund, DSP BlackRock Banking & PSU Debt Fund and DSP BlackRock Strategic Bond Fund.

^Monthly income is not assured and is subject to availability of distributable surplus. 4. Changes to SID of DSP BlackRock Balanced Fund


Fund Manager


Vikram Chopra (Debt Portion)

39 years

1 year 8 months



Co – Fund Manager DSP BlackRock Banking & PSU Debt Fund, DSP BlackRock Strategic Bond Fund, DSP BlackRock 10Y G-Sec Fund, DSP BlackRock MIP^ Fund, DSP BlackRock Equity Savings Fund and DSP BlackRock Government Securities Fund.

Mr. Atul 38 1 year 9 M.M.S. Over 11 years of experience as Fund Manager of DSP

Bhole (Equity portion)

years months (Finance JBIMS), CA, B.Com.

detailed under: From May 2016 to present: Vice President - DSPBRIM. From April 2011 to April 2016: Fund Manager –Tata Asset Management Ltd. From February 2007 to March 2011: Equity Research Analyst- Tata Asset Management Ltd. From November 06 to February 2007: Equity Research Analyst – JP Morgan Services (India) Pvt. Ltd. From June 2005 to October 2006: Equity Research Analyst – State Bank of India (Treasury).

BlackRock Equity Fund and DSP BlackRock Dynamic Asset Allocation Fund.

^Monthly income is not assured and is subject to availability of distributable surplus. 5. Changes to SID of DSP BlackRock Low Duration Fund


Fund Manager


Kedar Karnik

37 years

1 year 8 months

MMS (Finance), BE (Electronics & Telecommunication)

Over 12 years of experience as detailed under: From September 2012 to June 2016, Fund Manager – Fixed Income, Axis Asset Management Company Ltd. From July 2008 to September 2012, Fund Manager – Fixed Income, HSBC Asset Management (India) Pvt. Ltd. From September 2005 to July 2008, Manager – Ratings, CRISIL Ltd.

Co – Fund Manager of DSP BlackRock Money Manager Fund, DSP BlackRock Liquidity Fund, DSP BlackRock Savings Fund, DSP BlackRock MIP^ Fund, DSP BlackRock Equity Savings Fund, DSP BlackRock US Flexible* Equity Fund, DSP BlackRock Global Allocation Fund and DSP BlackRock 3 Years Close Ended Equity Fund.

Rahul Vekaria

30 years

- Chartered Accountant

Over 7 years of experience in Fixed Income as detailed under: From December 22, 2017 onwards: Fund Manager, AVP, Fixed Income From August 2017 – December 2017 – AVP, Fixed Income From May 2017 – August 2017 – Fund Manager, Fixed Income, Axis Asset Management Company Limited From April 2012 to May 2017 – Dealer - Fixed Income, Axis Asset Management Company Limited From April 2010 to April 2012 – Credit Analyst – Fixed Income, Axis Asset Management Company Limited From 2007 to 2009 – Price Waterhouse Coopers, Audit

Co – Fund Manager of DSP BlackRock Money Manager Fund, DSP BlackRock Savings Fund, DSP BlackRock Liquidity Fund and DSP BlackRock Arbitrage Fund.

Assistant – Financial Services

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

CHANGE IN TYPE OF CERTAIN SCHEMES OF THE FUND W.E.F MARCH 01, 2018 1. Changes to SID of DSP BlackRock Equity Fund

Under Cover page of the SID, Section I – Highlights and Summary of the Scheme, Section V. A. and F . Fundamental Attributes, disclosure pertaining to Type of Scheme’ shall be replaced with the following: “Multi Cap Fund – An open ended equity scheme investing across large cap, mid cap, small cap stocks”

2. Changes to SID of DSP BlackRock Top 100 Equity Fund

Under Cover page of the SID, Section I – Highlights and Summary of the Scheme, Section V. A. and F . Fundamental Attributes, disclosure pertaining to Type of Scheme’ shall be replaced with the following: “Large Cap Fund - An open ended equity scheme predominantly investing in large cap stocks”

3. Changes to SID of DSP BlackRock Natural Resources and New Energy Fund Under Cover page of the SID, Section I – Highlights and Summary of the Scheme, Section V. A. and F . Fundamental Attributes, disclosure pertaining to Type of Scheme’ shall be replaced with the following: “An open ended equity scheme investing in Natural Resources and Alternative Energy sector”

4. Changes to SID of DSP BlackRock Tax Saver Fund Under Cover page of the SID, Section I – Highlights and Summary of the Scheme, Section V. A. and F . Fundamental Attributes, disclosure pertaining to Type of Scheme’ shall be replaced with the following: “An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit”

5. Changes to SID of DSP BlackRock Equal Nifty 50 Fund

Under Cover page of the SID, Section I – Highlights and Summary of the Scheme, Section V. A. and F . Fundamental Attributes, disclosure pertaining to Type of Scheme’ shall be replaced with the following: “An open ended scheme replicating NIFTY 50 Equal Weight Index”

6. Changes to SID of DSP BlackRock Liquidity Fund

Under Cover page of the SID, Section I – Highlights and Summary of the Scheme, Section V. A. and F . Fundamental Attributes, disclosure pertaining to Type of Scheme’ shall be replaced with the following: “An open ended liquid scheme”

7. Changes to SID of DSP BlackRock Strategic Bond Fund

Under Cover page of the SID, Section I – Highlights and Summary of the Scheme, Section V. A. and F . Fundamental Attributes, disclosure pertaining to Type of Scheme’ shall be replaced with the following:

“An open ended dynamic debt scheme investing across duration”

8. Changes to SID of DSP BlackRock Government Securities Fund


“An open ended debt scheme investing in government securities across maturity”

9. Changes to SID of DSP BlackRock Balanced Fund


“An open ended hybrid scheme investing predominantly in equity and equity related instruments”

10. Changes to SID of DSP BlackRock World Agriculture Fund Under Cover page of the SID, Section I – Highlights and Summary of the Scheme, Section V. A. and F . Fundamental Attributes, disclosure pertaining to Type of Scheme’ shall be replaced with the following: “An open ended fund of fund scheme investing in BlackRock Global Funds – World Agriculture Fund”

11. Changes to SID of DSP BlackRock Global Allocation Fund Under Cover page of the SID, Section I – Highlights and Summary of the Scheme, Section V. A. and F . Fundamental Attributes, disclosure pertaining to Type of Scheme’ shall be replaced with the following: “An open ended fund of fund scheme investing in BlackRock Global Funds – Global Allocation Fund”

12. Changes to SID of DSP BlackRock US Flexible^ Equity Fund Under Cover page of the SID, Section I – Highlights and Summary of the Scheme, Section V. A. and F . Fundamental Attributes, disclosure pertaining to Type of Scheme’ shall be replaced with the following: “An open ended fund of fund scheme investing in BlackRock Global Funds – US Flexible Equity Fund”

^The term “Flexible” in the name of the Scheme signifies that the Investment Manager of the Underlying Fund can invest either in Growth or value investment characteristic securities placing an emphasis as the market outlook warrants.

The above mentioned change shall override the conflicting provisions, if any, and shall form an integral part of the SID of the above mentioned schemes. All the other provisions of the SID of the Schemes except as specifically modified herein above remain unchanged.

FOR DSP BLACKROCK TRUSTEE COMPANY PVT. LTD. TRUSTEE: DSP BLACKROCK MUTUAL FUND

Place : Mumbai

Sd/-

Sd/- Date : February 23, 2018 Shitin Desai

Chairman S. S. Thakur Director

Notice is hereby given to the unit holders of DSP BlackRock Mutual Fund regarding the following:

DSP BlackRock Mutual Fund (“Fund”) was set up as a trust under the Indian Trust Act, 1882. The sponsors to the Fund are DSP ADIKO Holdings Pvt. Ltd and DSP HMK Holdings Pvt. Ltd. (collectively referred as “DSP entities”) and BlackRock, Inc.

DSP BlackRock Investment Managers Pvt. Ltd. (”AMC”) is the asset management company to the Fund. DSP BlackRock Trustee Company Pvt. Ltd. (”Trustee Company”) acts as the trustee to the Fund. The AMC and Trustee Company both are registered as private limited companies and were incorporated under the Companies Act, 1956.

The AMC has an issued and paid up share capital of Rs. 20 crores of which, 60% shareholding interest is controlled by Mr. Hemendra Kothari through the DSP entities, while the remaining 40% shareholding interest is controlled by BlackRock Inc. through its subsidiary, BlackRock Advisors Singapore Pte. Ltd. (“BASPL”). Further, the Trustee Company has an issued and paid up share capital of Rs. 1 lakh of which, 51% shareholding interest is controlled by Mr. Hemendra Kothari through the DSP entities and the remaining 49% shareholding interest is controlled by BlackRock, Inc. through BASPL.

BlackRock, Inc. and the DSP Group have now mutually agreed to terminate their joint venture relationship with BASPL selling its shareholding interests in the AMC and the Trustee Company to the DSP Group (“Proposed Transaction”). As a result of the Proposed Transaction, the DSP entities alongwith Ms. Aditi Kothari Desai and Ms. Shuchi Kothari shall own 100% of the shares of the AMC. DSP Entities to own 100% of the shares of the Trustee Company.

The Proposed Transaction will be completed subject to receipt of relevant regulatory approvals.

The Proposed Transaction and change in controlling interest of the AMC has been approved by the Board of Directors of AMC and Trustee Company on May 7, 2018. Further, SEBI vide its letter Ref. No. SEBI/HO/IMD/DF5/OW/P/2018/18772/1 dated July 3, 2018 granted its no-objection to the aforesaid change in controlling interest of the AMC and SEBI vide its letter Ref. No. SEBI/HO/IMD/DF5/OW/P/2018/18771/1 dated July 3, 2018 granted its approval for the consequential amendments to the Deed of Trust for the Fund (collectively referred to as “SEBI Approval”) under the provisions of SEBI (Mutual Funds) Regulations, 1996 (“MF Regulations”). i. Details in relation to the Proposed Transaction are set out below:DSP ADIKO Holdings Pvt. Ltd. and DSP HMK Holdings Pvt. Ltd. are private limited companies incorporated in 1983 under the Companies Act, 1956 and are also registered with the Reserve Bank of India as non deposit taking Non-Banking Finance Companies. These companies have been functioning as investment companies.

Financial Performance of DSP ADIKO Holdings Pvt. Ltd. and DSP HMK Holdings Pvt. Ltd. (Past three years):

Particulars Period Net Worth (INR Crores) Total Income (INR Crores) Profit after Tax (INR Crores)

DSP Adiko Holdings Pvt. LtdApr 16-Mar 17 1064 77 52Apr 15-Mar 16 1012 50 21Apr 14-Mar 15 991 75 56

DSP HMK Holdings Pvt. Ltd.Apr 16-Mar 17 1094 89 62Apr 15-Mar 16 1031 51 19Apr 14-Mar 15 1013 78 59

ii. Expected Benefits from the Proposed Transaction:The DSP Group, headed by Mr. Hemendra Kothari, is one of the oldest and most respected financial services firms in India, having commenced its stock broking business in the 1860s. The earlier generation of the family was among the founding members of the Bombay Stock Exchange in the 1870s. Over the past 152 years, the family behind the DSP Group has been very influential in the growth and professionalization of capital markets and money management business in India.

Two decades ago, the DSP Group saw a significant opportunity and began its journey in the asset management space. The group has created wealth for lakhs of investors and because of its client’s trust; DSP BlackRock, the joint venture between the DSP Group and BlackRock, Inc., formed in 2008, is counted among India’s most respected investment management firms.

Over the past 152 years, the DSP Group has flourished in the financial services space in India. The group has evolved over the years – from stock broking in the 1860s, investment banking in the 1970s to wealth and asset management from the 1990s. During the journey, the group has gained substantial international experience from its tie-ups with Dresdner Bank AG, Banque Francaise Du Commerce Exterieur (BFCE), Swiss Bank Corporation (now UBS), Merrill Lynch and BlackRock, Inc. DSP group has stood the test of time by successfully adapting to changing market scenarios.

With the proposed exit of BlackRock, Inc. from the joint venture, the DSP Group is now embarking on a new exciting phase. The focus and the core tenets of the DSP Group’s philosophy remain intact:

• The conviction in India’s growth story• The singular focus on asset management in a scientific, professional, process driven manner• The unwavering belief in managing the investors’ money with the right values and principles. Discipline, ethics, integrity, analytical rigour and risk management are the core

pillars of the group, on which the group aims to deliver good investment outcomes for its investors. • DSP Groups constant focus is on fostering a collaborative environment for smart, innovative and ambitious people to do their best work• DSP Groups innate culture and DNA will drive value for our investors

DSP Group is very excited and eagerly looking forward to this next phase of journey ahead. Our team is aligned in values, thinks big and has set the highest standards, which gives the belief that the DSP Group’s future will be bright. DSP Group assures the investors that their interest will always be at the core of its business and will always maintain a relentless focus on doing what’s best for its investor.

iii. Changes pursuant to the Proposed Transaction: The following key changes will occur pursuant to / on the completion of the Proposed Transaction:

a. DSP entities along with Ms. Aditi Kothari Desai and Ms. Shuchi Kothari shall buy the minority stake of BASPL in the AMC and the minority stake of BASPL in the Trustee Company will be bought by DSP entities. Consequently, the aggregate stake of DSP entities along with Ms. Aditi Kothari Desai and Ms. Shuchi Kothari will increase to 100% in the AMC and the aggregate stake of DSP entities will increase to 100% in Trustee Company;

b. BlackRock, Inc. will cease to be the co-sponsor of Fund; the DSP entities will continue to be the sponsors of the Fund;c. Directors of the AMC and the Trustee Company, nominated by BASPL will resign from the Board of the AMC;d. DSP BlackRock Mutual Fund will be renamed as “DSP Mutual Fund” and each scheme of the Fund will be renamed to replace the words “DSP BlackRock” with the word “DSP”e. Subject to receipt of the necessary approvals, the names of the AMC and Trustee Company will be changed to ‘DSP Investment Managers Pvt. Ltd.’ and ‘DSP Trustee Pvt.

Ltd.’, respectively, or such other name as may be approved by the Registrar of Companies, Maharashtra, Mumbai;f. Consequent to the above changes, the corporate logo, corporate materials and documents will undergo changes to reflect the new names of Fund, AMC and Trustee

Company;g. Statement of Additional Information of the Fund (‘SAI’), Scheme Information Documents (‘SID’), Key Information Memorandums (‘KIM’) and other relevant documents (if

any) relating to the existing schemes of the Fund will be amended and updated to reflect the changes pursuant to the Proposed Transaction. Please note that the schemes will continue to be governed by the SAI of the Fund and their respective SIDs and there will be no change in any of the fundamental attributes or other terms and conditions governing the schemes as a result of the Proposed Transaction;

h. Certain amendments will be effected to the Deed of Trust dated December 16, 1996 (“Original Trust Deed”) as amended by the Supplemental Trust Deeds executed from time to time (collectively referred as ‘Trust Deed’).

Amendments to the Trust Deed will be effected by execution of a Fifth Supplemental Trust Deed between the Trustee Company, BlackRock, Inc. and DSP ADIKO Holdings Pvt. Ltd. and DSP HMK Holdings Pvt. Ltd., to record DSP ADIKO Holdings Pvt. Ltd. and DSP HMK Holdings Pvt. Ltd. as the sponsors of the Fund and for cessation of BlackRock, Inc. as the co-sponsor of the Fund. Details of the proposed amendments to the Trust Deed are set out in Exhibit I to the written communication dated July 9, 2018 which is being sent to all unit holders of Fund (“Exit Option Letter”)

iv. Approval for amendment of the Trust Deed

As provided in the MF Regulations, the Trust Deed and SID of schemes of the Fund / SAI of the Fund, no amendment to the Trust Deed shall be carried out without the prior approval of the unit holders of the Fund (such approval may be obtained by way of a postal ballot or such other means as may be approved by SEBI).

As such, pursuant to the SEBI Approval, approval of the unit holders of the schemes of the Fund for the aforesaid amendments to the Trust Deed is being sought through an exit option process under this notice and the Exit Option Letter. A copy of the Trust Deed is available at the registered office of the AMC at Mafatlal Centre, 10th Floor, Nariman Point, Mumbai - 400 021 should you wish to review the same.

v. Notice to Unit Holders in relation to (i) Change in the Controlling Interest of the AMC pursuant to the Proposed Transaction and (ii) amendment to Trust Deed

While the aforesaid changes will not affect the basic characteristic of the schemes of the Fund nor constitute any change in fundamental attributes of the schemes of the Fund including their investment objective, Regulation 22(e) of the MF Regulations requires that for a change in the controlling interest of an asset management company, in this case the AMC, (i) a written communication about the proposed change must be sent to each unit holder and an advertisement must be given in one English daily newspaper having nationwide circulation and in a newspaper published in the language of the region where the head office of the mutual fund is situated; and (ii) the unit holders must be given an option to exit at the prevailing net asset value (“NAV”) without any exit load for a period of 30 days.

Pursuant to Clause 17 of the Third Schedule of the MF Regulations and Clause 27.1 of the Original Trust Deed, prior approval of SEBI and the unit holders of the Fund is required for amending the Trust Deed.

Accordingly, in accordance with MF Regulations, and pursuant to the SEBI Approval, this notice serves as a communication to the unit holders of the schemes of the Fund about (i) the change in controlling interest of the AMC and (ii) amendment to the Trust Deed of the Fund, pursuant to the Proposed Transaction and hereby grants an option to the unit holders of the schemes of the Fund to exit his / her/ its investment in the scheme(s) of the Fund at the prevailing NAV without exit load, if any, if they do not choose to continue with their investments in the scheme(s) of the Fund post the Proposed Transaction or disapprove the amendments to the Trust Deed.

The option to exit without exit load can be exercised from July 14, 2018 to August 13, 2018 upto 3.00 p.m. (both days inclusive) (“Exit Option Period”). All transaction requests received after 3.00 p.m. of August 13, 2018 will be subject to exit load, as may be prevailing at that time in the respective schemes.

The redemption warrant/cheque will be mailed or the amount of redemption will be credited to the unit holder’s bank account (as registered in the records of the Fund) within 10 (ten) working days from the date of receipt of the redemption request. The option to redeem/switch without exit load during the Exit Option Period can be exercised in the following manner:

(a) For units held in schemes/plans other than DSP BlackRock Tax Saver Fund:

Unit holders can submit redemption/switch request on any business day during Exit Option Period at the Official Points of Acceptance of transactions (list available at www.dspblackrock.com) or to depository participant (in case of units held in electronic (demat) mode). The redemption/switch requests received will be processed at the prevailing NAV as per the provisions contained in the SID of the respective schemes of the Fund without any exit load.

(b) For units held in DSP BlackRock Tax Saver Fund:

Please note that the exit option is available to all the unit holders of DSP BlackRock Tax Saver Fund, an open ended equity linked savings scheme other than unit holders whose units are under the statutory lock-in period i.e. under Section 80C of the Income-tax Act, 1961. The statutory lock-in period, being 3 years from the date of allotment, arises out of the scheme being classified as Equity Linked Savings Scheme (ELSS) with tax benefits.

The offer to exit is merely an option and is not mandatory. If you choose to continue with your investments in the scheme(s) of the Fund post the Proposed Transaction and have no objection to the proposed amendment to Trust Deed, no action needs to be taken by you. Please note that unit holders who do not opt for redemption/switch on or before August 13, 2018 upto 3.00 p.m. shall be deemed to have consented to the changes specified in this notice (including the aforesaid amendment to the Trust Deed of the Fund) and shall continue to hold units in the schemes of the Fund. If you disagree with these changes, you may redeem/switch the units in the respective schemes of the Fund by exercising the exit option, without exit load, within the Exit Option Period by filling out the redemption/switch slip provided in Exhibit III of the exit option letter or by filling the transaction slips and submitting the same at any of our designated Official Points of Acceptance of transactions (list available at www.dspblackrock.com) or to depository participant (in case of units held in demat mode) on or before August 13, 2018 up to 3.00 p.m.

With a view to enable you to make a well-informed decision, the condensed financial information of the schemes of the Fund is available on our website www.dspblackrock.com by accessing the following link https://www.dspblackrock.com/QUICK-LINKS/mandatory-disclosures or investors may submit a request for physical copy on any business day at the nearest Investor Service Centre of the AMC or of the Registrar (list available at www.dspblackrock.com) or send an email to [email protected] or by calling our toll free number 1800 200 4499.

Unit Holders who have pledged their units will need to procure a release of pledge prior to submitting any redemption/switch request. In case a lien is marked on units held by a unit holder or units have been frozen/locked pursuant to an order of a governmental authority or a court, redemption/switch can be executed only after the lien/order is vacated/revoked within the period specified above.

Unitholders should ensure that their change in address or pay-out bank details are updated in records of DSP BlackRock Mutual Fund as required by them, prior to exercising the exit option for redemption/switch of units.

The expenses (including Securities Transaction Tax) related to the Proposed Transaction and other consequential changes as outlined above will not be charged to the unit holders of the schemes of the Fund. As regards unit holders who redeem/switch their investments during the Exit Option Period, the tax consequences as set forth in the SAI of the Fund and SID of the respective scheme(s) would apply.

Redemption/switch of units from the Scheme, during the exit period, may entail capital gain/loss in the hands of the Unit holder. Similarly, in case of NRI investors, TDS shall be deducted in accordance with the applicable Tax laws, upon exercise of exit option and the same would be required to be borne by such investor only. In view of individual nature of tax implications, unit holders are advised to consult their tax advisors. For details on Tax implications, please refer to SID of the Scheme and SAI available on our website www.dspblackrock.com.

Details of unclaimed redemption and dividend amounts and procedure for claiming unclaimed dividend / redemption amounts by unit holders as of June 30, 2018 is given in Exhibit II of the Exit Option Letter.

In case of any queries, investors may write at [email protected] or call at 1800 200 4499.

In case, the exit option letter is not received, the Unit holders can contact the Investor Service Centers of the AMC or Registrar (list available at www.dspblackrock.com). The exit option letter is also available at www.dspblackrock.com

Any queries/clarifications in this regard may be addressed to: DSP BlackRock Investment Managers Pvt. Ltd.

CIN: U74140MH1996PTC099483Investment Manager for DSP BlackRock Mutual Fund

Mafatlal Centre, 10th Floor, Nariman Point, Mumbai - 400 021.Tel. No.: 91-22 66578000, Fax No.: 91-22 66578181Toll Free No: 1800 200 4499, www.dspblackrock.com

Place: MumbaiDate: July 9, 2018

NOTICE

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

NOTICE

NOTICE is hereby given to the investors/Unit Holders of DSP BlackRock Top 100 Equity Fund (‘Scheme’) that the Board of Directors of DSP BlackRock Trustee Company Pvt. Ltd., Trustee to DSP BlackRock Mutual Fund (‘Fund’), have approved change in fundamental attribute of the Scheme as summarized below which would be effective from August 14, 2018.

The following changes will be carried out in the Scheme:

Sr. No. Particulars Existing Proposed 1. Product Labeling This open ended growth Scheme is suitable for investor who are seeking*

• Long-termcapitalgrowth• Investmentinequityandequity-relatedsecuritiesof large cap companies (top 100 companies by market capitalization)

*Investorsshouldconsulttheirfinancialadvisersifindoubtaboutwhether the Scheme is suitable for them.

This open ended equity scheme is suitable for investor who are seeking*

• Long-termcapitalgrowth• Investmentinequityandequity-relatedsecurities predominantly of large cap companies

*Investorsshouldconsulttheirfinancialadvisersifindoubtaboutwhether the Scheme is suitable for them.

2. InvestmentObjective TheprimaryinvestmentobjectiveoftheSchemeistoseektogeneratecapitalappreciation,fromaportfoliothat is substantially constituted of equity securities and equity related securities of the 100 largest corporates, bymarketcapitalisation,listedinIndia.ThisshallbethefundamentalattributeoftheScheme.TheSchememay also invest a certain portion of its corpus in debt and money market securities, in order to meet liquidity requirements from time to time.There is no assurance that the investment objective of the Scheme will be realized.

Theprimaryinvestmentobjectiveistoseektogeneratelongtermcapitalappreciationfromaportfoliothatissubstantiallyconstitutedofequityandequityrelated securities of large cap companies. From time to time, the fund manager will also seek participation in other equity and equity related securities to achieve optimal portfolio construction. There is no assurance that the investment objective of the Scheme will be realized.

3. Asset Allocation Under normal circumstances, it is anticipated that the asset allocation of the Scheme shall be as follows:

InstrumentsIndicative allocations (% of total assets) Risk Profile

Minimum MaximumEquity and equity related securities 90% 100% Medium to High

Debt*, securitized debt and Money Market Securities

0% 10% Low to Medium

*Debt securities/instruments are deemed to include securitized debtsFordetaileddisclosureonassetallocation,referexistingdisclosureinSID

Under normal circumstances, it is anticipated that the asset allocation of the Scheme shall be as follows:

InstrumentsIndicative allocations (% of total assets) Risk Profile

Minimum Maximum1(a) Equity & equity related instruments of large cap companies# 80% 100% Medium to High1(b)Investmentinotherequityandequityrelatedinstruments 0% 20% Medium to High2. Debt* and Money Market Securities 0% 20% Low to Medium3.UnitsofREITsandInvITs 0% 10% Medium to High

#1st-100thcompanyintermsoffullmarketcapitalizationwouldbeconsideredaslargecapcompanies.*Debt securities/instruments are deemed to include securitized debts.For detailed disclosure on asset allocation, refer letter to unit holder sent in this regard which is available on website.

4. Where will the Scheme invest?

ReferexistingdisclosureinSIDunderSectionV.D.“WherewilltheSchemeinvest?” Subject to theRegulationsandthedisclosuresasmadeunder thesection“HowtheSchemewillallocate itsAssets”, thecorpusof theSchemecanbeinvested in any (but not exclusively) of the following securities:

1. Equity and equity related securities2. EquityRelated Instruments, being securitieswhich give the holder of the security right to receiveEquityShares on pre agreed terms. It includes

convertible/optionally convertible/compulsorily convertible preference shares, share warrants and any other security which has equity component embedded in it

3. EquityDerivatives,whicharefinancialinstruments,generallytradedonthestockexchange,thepriceofwhichisdirectlydependentupon(i.e.,“derivedfrom”)thevalueofequitysharesorequityindices.Derivativesinvolvethetradingofrightsorobligationsbasedontheunderlying,butdonotdirectlytransfer property

4. Securities created and issued by the Central and State Governments and/or repos/reverse repos in such Government Securities as may be permitted byRBI(includingbutnotlimitedtocouponbearingbonds,zerocouponbondsandtreasurybills);

5. SecuritiesguaranteedbytheCentralandStateGovernments(includingbutnotlimitedtocouponbearingbonds,zerocouponbondsandtreasurybills);6. FixedIncomeSecuritiesofdomesticGovernmentagenciesandstatutorybodies,whichmayormaynotcarryaCentral/StateGovernmentguarantee;7. Corporatedebt(ofbothpublicandprivatesectorundertakings);8. MoneymarketinstrumentsaspermittedbySEBI/RBI;9. Usancebills;10. SecuritisedDebt;11. Thenon-convertiblepartofconvertiblesecurities;12. AnyotherdomesticfixedincomesecuritiesaspermittedbySEBI/RBIfromtimetotime.13. DerivativeinstrumentslikeInterestRateSwaps,ForwardRateAgreements,InterestRateDerivativesandsuchotherderivativeinstrumentspermitted

bySEBI/RBI.14. InvestmentinunitsofRealEstateInvestmentTrust(‘REIT’)&InfrastructureInvestmentTrust(‘InvIT’)

Debt and money market securities include, but are not limited to:

• DebtobligationsoftheGovernmentofIndia,stateandlocalgovernments,governmentagencies,statutorybodies,publicsectorundertakings,scheduledcommercialbanks,non-bankingfinancecompanies,developmentfinancial institutions,supranationalfinancial institutions,corporateentitiesandtrusts(securitised debt)

• Passthrough,PaythroughorotherParticipationCertificates,representinginterestinapoolofassetsincludingreceivables• Thenon-convertiblepartofconvertiblesecurities• Units of Mutual funds as may be permitted by regulations

AnyotherlikeinstrumentsasmaybepermittedbyRBI/SEBI/suchotherRegulatoryAuthorityfromtimetotime.Thesecuritiesmentionedin,“Where will the Scheme(s) invest?”,couldbelisted,unlisted,privatelyplaced,secured,unsecured,ratedorunrated(subjecttotheratingorequivalencyrequirementsdiscussed above) and of any maturity. The securities may be acquired through secondary market operations, primary issues/offerings, other public offers, Private Placement and negotiated deals amongst other mechanisms.

The Scheme may invest in other Schemes managed by the AMC or in the Schemes of any other Mutual Fund(s), provided such investment is in conformity to theinvestmentobjectivesoftheSchemeandintermsoftheprevailingRegulations.AspertheRegulations,noinvestmentmanagementfeeswillbechargedforsuchinvestmentsandtheaggregateinter-schemeinvestmentmadebyallSchemesoftheMutualFundorintheSchemeunderthemanagementofotherasset management companies shall not exceed 5% of the net asset value of the Mutual Fund.

• Investment in Short-Term DepositsPendingdeploymentofthefundsoftheScheme,theAMCmayinvestfundsoftheSchemeinshorttermdepositsofscheduledcommercialbanks,subjecttofollowingconditionsissuedbySEBIvideitscircularSEBI/IMD/CIRNo.1/91171/07datedApril16,2007:(a) Each Scheme shall not park more than 15% of its net assets in the short term deposit(s) of all the scheduled commercial banks put together. However,

it may be raised to 20% with the prior approval of the Trustee. Also, parking of funds in short term deposits of associate and sponsor scheduled commercial banks together shall not exceed 20% of total deployment by the Mutual Fund in short term deposits.

(b) Each Scheme shall not park more than 10% of its net assets in short term deposit(s) with any one scheduled commercial bank including its subsidiaries.(c) The Trustee shall ensure that the funds of each Scheme are not parked in the short term deposits of a bank which has invested in that Scheme.(d) AMC will not charge any investment management and advisory fees for parking of funds in short term deposits of scheduled commercial banks.(e) The term ‘short term’ for parking of funds shall be treated as a period not exceeding 91 days.(f) Such deposits shall be held in the name of the Scheme.

• Investment in domestic Securitized Debt:DependingupontheInvestmentManager’sviews,theSchememayinvestindomesticsecuritizeddebtsuchasABSorMBS.Theinvestmentsindomesticsecuritized debt will be made only after giving due consideration to factors such as but not limited to the securitization structure, quality of underlying receivables, credentials of the servicing agent, level of credit enhancement, liquidity factor, returns providedby the securitizedpaper vis-a-vis othercomparable investment alternatives.Although the returns provided by securitized debt could be higher, one must not lose sight of the fact that risks also exist with regard to investments insecuritizeddebt. Investments inpass-throughcertificatesofasecuritization transactionrepresentanundividedbeneficial interest in theunderlyingreceivablesanddonotrepresentanobligationofeithertheissuerortheseller,ortheparentoftheseller,oranyaffiliateofthesellerortheissuerorthetrustee in its personal capacity, save to the extent of credit enhancement to be provided by the credit enhancer. The trust’s principal asset will be the pool of underlying receivables. The ability of the trust to meet its obligations will be dependent on the receipt and transfer to the designated account of collections made by the servicing agent from the pool, the amount available in the cash collateral account, and any other amounts received by the trust pursuant to the terms of the transaction documents. However, the credit enhancement stipulated in a securitization transaction represents a limited loss cover only. Delinquencies and credit losses may cause depletion of the amount available under the cash collateral account and thereby the scheduled payouts to the investors may get affected if the amount available in the cash collateral account is not enough to cover the shortfall.Fordetaileddisclosurerelatingtoinvestmentsinsecuritizeddebt,intheSEBIprescribedformat,pleasereferlettertounitholdersentinthisregardwhichis also available on website.

The Scheme will not be investing in foreign securitised debt.• Investment in Overseas Financial Assets/Foreign SecuritiesAccordingtoSEBIcircularno.SEBI/IMD/CIRNo.7/104753/07datedSeptember26,2007mutualfundscaninvestinADRs/GDRs/otherspecifiedforeignsecuritiesandasperSEBIcircularno.SEBI/IMD/CIRNo.2/122577/08datedApril08,2008,suchinvestmentsaresubjecttoanoveralllimitofUS$7bn.forallmutualfundsputtogether.TheMutualFundhasbeenallowedanindividuallimitofUS$600mn.TheoverallceilingforinvestmentinoverseasETFsthatinvestinsecuritiesisUS$1billionsubjecttoamaximumofUS$50millionpermutualfund.ThededicatedfundmanagerappointedformakingoverseasinvestmentsbytheMutualFundwillbeinaccordancewiththeapplicablerequirementsofSEBI.DependingupontheInvestmentManager’sviews,SchemewouldliketoseekinvestmentopportunitiesintheADR/GDR/overseasmarket.

Trading in DerivativesThe Mutual Fund may use various derivatives and hedging products/ techniques, in order to seek to generate better returns for the Scheme. Derivatives are financialcontractsofpre-determinedfixedduration,whosevaluesarederivedfromthevalueofanunderlyingprimaryfinancialinstrument,commodityorindex.TheSchemewhileinvestinginequitiesshalltransactinexchangetradedequityderivativesonlyandtheseinstrumentsmaytaketheformofIndexFutures,IndexOptions,FuturesandOptionsonindividualequities/securitiesandsuchotherderivativeinstrumentsasmaybeappropriateandpermittedundertheSEBIRegulationsandguidelinesfromtimetotime.

Advantages of Trading in Derivatives Advantagesofderivativesaremany.TheuseofderivativesprovidesflexibilitytotheSchemestohedgewholeorpartoftheportfolio.Thefollowingsectiondescribessomeofthemorecommonderivativestransactionsalongwiththeirbenefits:Derivativesarefinancialcontractsofpre-determinedfixedduration,whosevaluesarederivedfromthevalueofanunderlyingprimaryfinancialinstrument,commodity or index, such as interest rates, exchange rates, commodities and equities.For detailed explanation on various type of derivative instruments alongwith examples and the regulatory limits applicable, please refer letter to unit holder sent in this regard which is also available on website.

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5. Risk factors ReferexistingdisclosureintheSIDunder“SectionIV.A”titled“Riskfactors”and“SectionIV.B”titledRiskManagement Strategies

“Riskfactors”pertainingtothefollowingshallbeaddedintheSID:i. RisksassociatedwithOverseasInvestmentsii. RiskassociatedwithInvestmentsinREITsandInvITsiii. RiskFactorsAssociatedwithImperfectHedgingusingInterestRateFutures“RiskManagementStrategies”pertainingtothefollowingshallbeaddedintheSID:i. RisksAssociatedWithOverseasInvestmentsii. RiskassociatedwithInvestmentsinREITsandInvITs

6. InvestmentRestrictions ReferexistingdisclosureintheSIDunder“SectionV.I”titled“WhataretheInvestmentRestrictions” Thefollowingshallbeaddedunder“SectionV.I”titled“WhataretheInvestmentRestrictions”intheSID:• TheMutualFundunderallitsschemesshallnotinvestmorethan10%ofunitsissuedbyasingleissuerofREITandInvIT.• TheSchemeshallnotinvest:

morethan10%ofitsNAVintheunitsofREITsandInvITs;andmorethan5%ofitsNAVintheunitsofREITsandInvITsissuedbyasingleissuer.

7. Who will manage the Scheme?

Mr. Harish Zaveri Mr. Harish ZaveriMr. Jay Kothari (Dedicated Fund manager for overseas investment)

8. NAVasonJune29,2018(in Rs.)

DSPBlackRockTop100EquityFund–RegularPlan-Dividend-21.196DSPBlackRockTop100EquityFund-DirectPlan–Dividend-23.152DSP BlackRock Top 100 Equity Fund – Regular Plan– Growth – 198.389DSPBlackRockTop100EquityFund–DirectPlan-Growth–205.300

9. No.offoliosasonJune30, 2018

Direct Plan: 14954Regular Plan: 151110

10. AUM as on June 30, 2018 (in crores)

Direct Plan: 464.67Regular Plan: 2371.42

Apart from above, there will be no change in any other features of the Scheme.

AstheaboveproposalisachangeinFundamentalAttributesoftheSchemes,inaccordancewithRegulation18(15A)oftheSEBI(MutualFunds)Regulations,1996readalongwithSEBICircularno.SEBI/HO/IMD/DF3/CIR/P/2017/114datedOctober6,2017andCircularno.SEBI/HO/IMD/DF3/CIR/P/2017/126datedDecember4,2017,theexistingunitholdersundertheSchemeareherebygivenanoptiontoexit,i.e.eitherredeemtheirinvestmentsorswitchtheirinvestmentstoanyotherschemeoftheFund,withinthe30daysexitperiodstartingfromJuly14,2018tillAugust13,2018(bothdaysinclusiveandupto3.00pmonAugust13,2018)atapplicableNAV,withoutpaymentofanyexitload,byfilinguptherequisitetransactionslipandsubmittingthesameatanyofourdesignatedOfficialPointsofAcceptance(listavailableonwww.dspblackrock.com).

A separate detailed communication is being dispatched/emailed to the registered address/email address of the existing Unit Holder(s) of the Scheme in this regard which is also available on the website www.dspblackrock.com.

Unit holders who have no objection to the aforesaid changes, no action needs to be taken and it would be deemed that Unit holder has consented to the aforesaid changes.

The offer to exit from the Scheme is optional, at the discretion of the Unit Holder, and not compulsory. The Scheme will adopt the proposed changes with effect from August 14, 2018.

Redemption/Switch-outbytheUnitholdersduetoaforesaidchangesorduetoanyotherreasonsmayentailtaxconsequences.Unitholdersareadvisedtoconsulttheirtaxadvisorforthesame.

Unit holders who have pledged / encumbered their Units will have the option to exit only if they submit a release of their pledges / encumbrances prior to submitting their redemption / switch requests during the exit option period.

Anyqueries/clarificationsinthisregardmaybeaddressedto:DSP BlackRock Investment Managers Pvt. Ltd. CIN:U74140MH1996PTC099483InvestmentManagerforDSPBlackRockMutualFund

MafatlalCentre,10thFloor,NarimanPoint,Mumbai-400021.Tel.No.:91-2266578000,FaxNo.:91-2266578181TollFreeNo:18002004499,www.dspblackrock.com

Place: MumbaiDate: : July 9, 2018


NOTICE

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2 of

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Date: July 9, 2018

Dear Unit Holder,

Sub: Change in Fundamental Attributes of DSP BlackRock Top 100 Equity Fund (‘Scheme’)

Thank you for investing in DSP BlackRock Mutual Fund. We appreciate your trust in us.

The Scheme is an open ended growth scheme of DSP BlackRock Mutual Fund (‘Fund’).

Securities and Exchange Board of India (‘SEBI’) vide its Circular no. SEBI/HO/IMD/DF3/CIR/P/2017/114 dated October 6, 2017 read alongwith Circular no. SEBI/HO/IMD/DF3/CIR/P/2017/126 dated December 4, 2017 (Circulars) issued directions for Categorization and Rationalization of all the Mutual Fund Schemes in order to bring about uniformity in the practice across Mutual Funds and to standardize the scheme categories and characteristics of each category.

In this regard, in order to allow more flexibility to the Scheme in line with the said circular, certain changes needs to be carried out in the features of the Scheme. Such changes shall result in change in the fundamental attribute of the Scheme, which will attract compliance of Regulation 18 (15A) of the SEBI (Mutual Fund) Regulations, 1996 (MF Regulations) read alongwith Circulars.

DSP BlackRock Trustee Company Pvt. Ltd., Trustee to the Fund, has approved the following changes to the existing features/provisions of the Scheme:

Sr. No. Particulars Existing Proposed

1. Product Labeling

This open ended growth Scheme is suitable for investor who are seeking*

• Long-term capital growth• Investment in equity and equity-related securities of

large cap companies (top 100 companies by market capitalization)

MODERATE

MO

DERATEL

Y

LOW

MODERATELY

HIGH

HIGHLOW

Investors understand that theirprincipal will be at moderately high risk

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

This open ended equity scheme is suitable for investor who are seeking*

• Long-term capital growth• Investment in equity and equity-related securities

predominantly of large cap companies

MODERATE

MO

DERATEL

Y

LOW

MODERATELY

HIGH

HIGHLOW

Investors understand that theirprincipal will be at moderately high risk

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

2. Investment Objective

The primary investment objective of the Scheme is to seek 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. This shall be the fundamental attribute of the Scheme. The Scheme may also invest a certain portion of its corpus in debt and money market securities, in order to meet liquidity requirements from time to time.There is no assurance that the investment objective of the Scheme will be realized.

The primary investment objective is to seek to generate long term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of large cap companies. From time to time, the fund manager will also seek participation in other equity and equity related securities to achieve optimal portfolio construction. There is no assurance that the investment objective of the Scheme will be realized.

Mafatlal Centre, 10th Floor, Nariman Point, Mumbai - 400 021CIN: U65991MH1996PTC100444

Tel.: 91-22 66578000Fax: 91-22 66578181

www.dspblackrock.com

DSP BlackRock Trustee Company Private Limited

2

3. Asset Allocation


InstrumentsIndicative allocations

(% of total assets) Risk Profile

Minimum Maximum

Equity and equity related securities

90% 100% Medium to High

Debt*, securitized debt and Money Market Securities


*Debt securities/instruments are deemed to include securitized debts

Stock lending

Subject to SEBI (MF) Regulations and the applicable guidelines issued by SEBI, the Mutual Fund may engage in stock lending. The AMC shall comply with all reporting requirements and the Trustee shall carry out periodic review as required by SEBI guidelines. Stock lending means the lending of stock to another person or entity for a fixed period of time, at a negotiated compensation. The securities lent will be returned by the borrower on expiry of the stipulated period.

The Investment Manager will apply the following limits, should it desire to engage in Stock Lending:

1. Not more than 20% of the net assets of a Scheme can generally be deployed in Stock Lending.

2. Not more than 5% of the net assets of a Scheme can generally be deployed in Stock Lending to any single counter party.

Trading in Derivatives

The net derivative position in the Scheme may be upto 100% of the net assets, subject to applicable regulatory limits, as mentioned in, “Where will the Scheme Invest?”.

The percentage of the Scheme’s corpus invested in equity and equity related securities may decrease subject to a minimum of 70% and in the event of the same falling below 70%, a review and rebalancing of the asset allocation will be called for by the Investment Manager. Such changes in the investment pattern will be for a short term and for defensive considerations and the intention being at all times to seek to protect the interests of the Unit Holders.


InstrumentsIndicative allocations

(% of total assets) Risk Profile

Minimum Maximum

1(a) Equity & equity related instruments of large cap companies#


1(b) Investment in other equity and equity related instruments


2. Debt* and Money Market Securities


3. Units of REITs and InvITs


#1st -100th company in terms of full market capitalization would be considered as large cap companies.*Debt securities/instruments are deemed to include securitized debtsThe Scheme retains the flexibility to invest across all the securities in the debt and money markets as permitted by SEBI / RBI from time to time, including schemes of mutual funds.The classification of stocks based on market capitalisation shall be as per the list prepared by AMFI which would be updated every six months based on the data as on the end of June and December of each year. Subsequent to any updation in the list, the Scheme shall rebalance its portfolio (if required), in line with updated list, within a period of one month

Stock lending

Subject to SEBI (MF) Regulations and the applicable guidelines issued by SEBI, the Mutual Fund may engage in stock lending. The AMC shall comply with all reporting requirements and the Trustee shall carry out periodic review as required by SEBI guidelines. Stock lending means the lending of stock to another person or entity for a fixed period of time, at a negotiated compensation. The securities lent will be returned by the borrower on expiry of the stipulated period.

The Investment Manager will apply the following limits, should it desire to engage in Stock Lending:

1. Not more than 20% of the net assets of a Scheme can generally be deployed in Stock Lending.

2. Not more than 5% of the net assets of a Scheme can generally be deployed in Stock Lending to any single counter party.

Overseas Investments

Under normal circumstances the Schemes shall not have an exposure of more than 25% of its net assets in foreign assets/securities, subject to applicable regulatory limits.

3


The net derivative position in the Scheme may be upto 100% of the net assets, subject to applicable regulatory limits, as mentioned in, “Where will the Scheme Invest?”.

The cumulative gross exposure through equity, debt, money market instruments and derivative positions shall not exceed 100% of the net assets of the Scheme.

Pending deployment of funds of the Scheme, the AMC may invest funds of the Scheme in short-term deposits of scheduled commercial banks, subject to the following conditions issued by SEBI vide its circular SEBI/IMD/CIR No. 1/91171 /07 dated April 16, 2007:

1. The term ‘short term’ for parking of funds shall be treated as a period not exceeding 91 days.

2. Such deposits shall be held in the name of the Scheme.

3. The Scheme shall not park more than 15% of its net assets in the short term deposit(s) of all the scheduled commercial banks put together. However, it may be raised to 20% with the prior approval of the Trustee. Also, parking of funds in short term deposits of associate and sponsor scheduled commercial banks together shall not exceed 20% of total deployment by the Mutual Fund in short term deposits.

4. The Scheme shall not park more than 10% of its net assets in short term deposit(s) with any one scheduled commercial bank including its subsidiaries.

5. The Trustee shall ensure that the funds of the Scheme are not parked in the short term deposits of a bank which has invested in that Scheme.

6. AMC will not charge any investment management and advisory fees for parking of funds in short term deposits of scheduled commercial banks.

The above provisions do not apply to term deposits placed as margins for trading in cash and derivative market.

The Scheme shall rebalance the portfolio in case of any deviation to the asset allocation. Such rebalancing shall be done within 30 days from the date of occurrence of deviation. Where the portfolio is not rebalanced within 30 Days, justification for the same shall be placed before the Investment Committee and reasons for the same shall be recorded in writing. The Investment committee shall then decide on the course of action. However, at all times the portfolio will adhere to the overall investment objectives of the Schemes. Any alteration in the investment pattern will be for a short term on defensive considerations; the intention being at all times to protect the interests of the Unit Holders.

It may be noted that no prior intimation/indication will be given to investors when the composition/asset allocation pattern under the Scheme undergoes changes within the permitted band as indicated above.

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4. Where will the Scheme invest?

The Investment Manager’s primary goal is to seek to generate capital appreciation by investing in equity and equity related securities of the 100 largest corporates, by market capitalisation, listed in India. For ranking these corporates, only those corporates, which are either listed on the National Stock Exchange or the Bombay Stock Exchange will be considered*.

*These corporates will be ranked using the data available on Bloomberg or such other sources as may be deemed appropriate by the Investment Manager from time to time with a periodicity of at least once a month. Accordingly, if any company out of the existing portfolio falls outside the top 100 ranking, the Investment Manager will take measures within reasonable time to disinvest the equity shares of that company.

Under normal market conditions, approximately 90% of the portfolio of the Scheme will be invested in equity and equity related securities. Equity related securities include, but are not limited to, fully convertible debentures, partly convertible debentures, convertible preferred shares and warrants converting into equity securities.

Under normal market conditions, approximately 10% of the portfolio of the Scheme will be invested in debt securities and money market securities. This component of the portfolio will provide the necessary liquidity to meet redemption needs and other liquidity requirements of the Scheme. Debt securities include, but are not limited to, non-convertible debentures, zero coupon securities, non-convertible portion of convertible debentures, floating rate bonds and other debt instruments.

Debt and money market securities include, but are not limited to:• Debt obligations of the Government of India, state and

local governments, government agencies, statutory bodies, public sector undertakings, scheduled commercial banks, non-banking finance companies, development financial institutions, supranational financial institutions, corporate entities and trusts (securitised debt)

• Pass through, Pay through or other Participation Certificates, representing interest in a pool of assets including receivables

• The non-convertible part of convertible securities• Units of Mutual funds as may be permitted by

regulations• Structured Notes• Any other like instruments as may be permitted by RBI/

SEBI from time to time.

From time to time, it is possible that the Investment Manager may decide to invest a higher proportion in debt and money market securities, depending on prevailing economic and market conditions and the need to adopt a defensive posture on the portfolio of the Scheme.

Subject to the Regulations and the disclosures as made under the section “How the Scheme will allocate its Assets”, the corpus of the Scheme can be invested in any (but not exclusively) of the following securities:1. Equity and equity related securities 2. Equity Related Instruments, being securities which

give the holder of the security right to receive Equity Shares on pre agreed terms. It includes convertible/optionally convertible/compulsorily convertible preference shares, share warrants and any other security which has equity component embedded in it

3. Equity Derivatives, which are financial instruments, generally traded on the stock exchange, the price of which is directly dependent upon (i.e., “derived from”) the value of equity shares or equity indices. Derivatives involve the trading of rights or obligations based on the underlying, but do not directly transfer property

4. Securities created and issued by the Central and State Governments and/or repos/reverse repos in such Government Securities as may be permitted by RBI (including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills);

5. Securities guaranteed by the Central and State Governments (including but not limited to coupon bearing bonds, zero coupon bonds and treasury bills);

6. Fixed Income Securities of domestic Government agencies and statutory bodies, which may or may not carry a Central/State Government guarantee;

7. Corporate debt (of both public and private sector undertakings);

8. Money market instruments as permitted by SEBI/RBI;9. Usance bills;10. Securitised Debt;11. The non-convertible part of convertible securities;12. Any other domestic fixed income securities as

permitted by SEBI/ RBI from time to time.13. Derivative instruments like Interest Rate Swaps,

Forward Rate Agreements, Interest Rate Derivatives and such other derivative instruments permitted by SEBI/RBI.

14. Investment in units of Real Estate Investment Trust (‘REIT’) & Infrastructure Investment Trust (‘InvIT’)

Debt and money market securities include, but are not limited to:

• Debt obligations of the Government of India, state and local governments, government agencies, statutory bodies, public sector undertakings, scheduled commercial banks, non-banking finance companies, development financial institutions, supranational financial institutions, corporate entities and trusts (securitised debt)

• Pass through, Pay through or other Participation Certificates, representing interest in a pool of assets including receivables

• The non-convertible part of convertible securities

5

The securities mentioned in, “Where will the Scheme invest?”, could be listed, unlisted, privately placed, secured, unsecured, rated or unrated (subject to the rating or equivalency requirements discussed above) and of any maturity. The securities may be acquired through secondary market operations, primary issues/offerings, other public offers, Private Placement and negotiated deals amongst other mechanisms.

• Collateralized Borrowing and Lending Obligations (CBLO):

Collateralized Borrowing and Lending Obligations (CBLO) is a money market instrument that enables entities to borrow and lend against sovereign collateral security. The maturity ranges from 1 day to 90 days and can also be made available upto 1 year. Central Government securities including T-bills are eligible securities that can be used as collateral for borrowing through CBLO.

• Repos:

Repo (Repurchase Agreement) or Reverse Repo is a transaction in which two parties agree to sell and purchase the same security with an agreement to purchase or sell the same security at a mutually decided future date and price. The transaction results in collateralized borrowing or lending of funds.

• Investment in Short-Term Deposits

Pending deployment of the funds of the Scheme, the AMC may invest funds of the Scheme in short term deposits of scheduled commercial banks, subject to following conditions issued by SEBI vide its circular SEBI/IMD/CIR No. 1/ 91171 /07 dated April 16, 2007:

a. Each Scheme shall not park more than 15% of its net assets in the short term deposit(s) of all the scheduled commercial banks put together. However, it may be raised to 20% with the prior approval of the Trustee. Also, parking of funds in short term deposits of associate and sponsor scheduled commercial banks together shall not exceed 20% of total deployment by the Mutual Fund in short term deposits.

b. Each Scheme shall not park more than 10% of its net assets in short term deposit(s) with any one scheduled commercial bank including its subsidiaries.

c. The Trustee shall ensure that the funds of each Scheme are not parked in the short term deposits of a bank which has invested in that Scheme.

d. AMC will not charge any investment management and advisory fees for parking of funds in short term deposits of scheduled commercial banks.

e. The term ‘short term’ for parking of funds shall be treated as a period not exceeding 91 days.

f. Such deposits shall be held in the name of the Scheme.

• Units of Mutual funds as may be permitted by regulations

Any other like instruments as may be permitted by RBI/SEBI/such other Regulatory Authority from time to time.

The securities mentioned in, “Where will the Scheme(s) invest?”, could be listed, unlisted, privately placed, secured, unsecured, rated or unrated (subject to the rating or equivalency requirements discussed above) and of any maturity. The securities may be acquired through secondary market operations, primary issues/offerings, other public offers, Private Placement and negotiated deals amongst other mechanisms.

The Scheme may invest in other Schemes managed by the AMC or in the Schemes of any other Mutual Fund(s), provided such investment is in conformity to the investment objectives of the Scheme and in terms of the prevailing Regulations. As per the Regulations, no investment management fees will be charged for such investments and the aggregate inter-scheme investment made by all Schemes of the Mutual Fund or in the Scheme under the management of other asset management companies shall not exceed 5% of the net asset value of the Mutual Fund.

• Investment in Short-Term Deposits

Pending deployment of the funds of the Scheme, the AMC may invest funds of the Scheme in short term deposits of scheduled commercial banks, subject to following conditions issued by SEBI vide its circular SEBI/IMD/CIR No. 1/ 91171 /07 dated April 16, 2007:

a. Each Scheme shall not park more than 15% of its net assets in the short term deposit(s) of all the scheduled commercial banks put together. However, it may be raised to 20% with the prior approval of the Trustee. Also, parking of funds in short term deposits of associate and sponsor scheduled commercial banks together shall not exceed 20% of total deployment by the Mutual Fund in short term deposits.

b. Each Scheme shall not park more than 10% of its net assets in short term deposit(s) with any one scheduled commercial bank including its subsidiaries.

c. The Trustee shall ensure that the funds of each Scheme are not parked in the short term deposits of a bank which has invested in that Scheme.

d. AMC will not charge any investment management and advisory fees for parking of funds in short term deposits of scheduled commercial banks.

e. The term ‘short term’ for parking of funds shall be treated as a period not exceeding 91 days.

f. Such deposits shall be held in the name of the Scheme.

6

Investment in domestic Securitized Debt:

Depending upon the Investment Manager’s views, the Scheme may invest in domestic securitized debt such as ABS or MBS. The investments in domestic securitized debt will be made only after giving due consideration to factors such as but not limited to the securitization structure, quality of underlying receivables, credentials of the servicing agent, level of credit enhancement, liquidity factor, returns provided by the securitized paper vis-a-vis other comparable investment alternatives.

Although the returns provided by securitized debt could be higher, one must not lose sight of the fact that risks also exist with regard to investments in securitized debt. Investments in pass-through certificates of a securitization transaction represent an undivided beneficial interest in the underlying receivables and do not represent an obligation of either the issuer or the seller, or the parent of the seller, or any affiliate of the seller or the issuer or the trustee in its personal capacity, save to the extent of credit enhancement to be provided by the credit enhancer. The trust’s principal asset will be the pool of underlying receivables. The ability of the trust to meet its obligations will be dependent on the receipt and transfer to the designated account of collections made by the servicing agent from the pool, the amount available in the cash collateral account, and any other amounts received by the trust pursuant to the terms of the transaction documents. However, the credit enhancement stipulated in a securitization transaction represents a limited loss cover only. Delinquencies and credit losses may cause depletion of the amount available under the cash collateral account and thereby the scheduled payouts to the investors may get affected if the amount available in the cash collateral account is not enough to cover the shortfall.

Further Unit holders are requested to refer below the disclosure relating to investments in securitized debt, in the SEBI prescribed format:

(i) Howtheriskprofileofsecuritizeddebtfitsintotherisk appetite of the Scheme:

The Scheme seeks to generate an attractive return, consistent with prudent risk, from a portfolio which is substantially constituted of quality debt securities. The Scheme also seeks to generate capital appreciation by investing a smaller portion of its corpus in equity and equity related securities of issuers domiciled in India.

In line with the investment objective, securitised debt instruments having a high credit quality commensurate with other debt instruments in the portfolio will be considered for investment.

Investment in domestic Securitized Debt:

Depending upon the Investment Manager’s views, the Scheme may invest in domestic securitized debt such as ABS or MBS. The investments in domestic securitized debt will be made only after giving due consideration to factors such as but not limited to the securitization structure, quality of underlying receivables, credentials of the servicing agent, level of credit enhancement, liquidity factor, returns provided by the securitized paper vis-a-vis other comparable investment alternatives.

Although the returns provided by securitized debt could be higher, one must not lose sight of the fact that risks also exist with regard to investments in securitized debt. Investments in pass-through certificates of a securitization transaction represent an undivided beneficial interest in the underlying receivables and do not represent an obligation of either the issuer or the seller, or the parent of the seller, or any affiliate of the seller or the issuer or the trustee in its personal capacity, save to the extent of credit enhancement to be provided by the credit enhancer. The trust’s principal asset will be the pool of underlying receivables. The ability of the trust to meet its obligations will be dependent on the receipt and transfer to the designated account of collections made by the servicing agent from the pool, the amount available in the cash collateral account, and any other amounts received by the trust pursuant to the terms of the transaction documents. However, the credit enhancement stipulated in a securitization transaction represents a limited loss cover only. Delinquencies and credit losses may cause depletion of the amount available under the cash collateral account and thereby the scheduled payouts to the investors may get affected if the amount available in the cash collateral account is not enough to cover the shortfall.

Further Unit holders are requested to refer below the disclosure relating to investments in securitized debt, in the SEBI prescribed format:

(i) Howtheriskprofileofsecuritizeddebtfitsintotherisk appetite of the Scheme:

The Scheme seeks to generate an attractive return, consistent with prudent risk, from a portfolio which is substantially constituted of quality debt securities. The Scheme also seeks to generate capital appreciation by investing a smaller portion of its corpus in equity and equity related securities of issuers domiciled in India.

In line with the investment objective, securitised debt instruments having a high credit quality commensurate with other debt instruments in the portfolio will be considered for investment.

7

(ii) Policy relating to originators based on nature of originator, track record, NPAs, losses in earlier securitized debt, etc

The parameters used to evaluate originators are• Track record• Willingness to pay, through credit enhancement

facilities etc.• Ability to pay• Business risk assessment, wherein following

factors are considered:Outlook for the economy (domestic and global)Outlook for the industryCompany specific factors

In addition a detailed review and assessment of rating rationale is done including interactions with the originator as well as rating agency.

Critical Evaluation Parameters (for pool loan) regarding the originator / underlying issuer:

• Default track record/ frequent alteration of redemption conditions / covenants

• High leverage ratios of the ultimate borrower - both on a standalone basis as well on a consolidated level/ group level

• Higher proportion of re-schedulement of underlying assets of the pool or loan, as the case may be

• Higher proportion of overdue assets of the pool or the underlying loan, as the case may be

• Poor reputation in market

• Insufficient track record of servicing of the pool or the loan, as the case may be.

(iii) Risk mitigation strategies for investments with each kind of originator

Analysis of originator: An independent Risk and Quantitative Analysis (RQA) team analyses and evaluates each originator and sets up limits specifying both the maximum quantum and maximum tenor for investments and investments are considered only within these limits.

• Originator analysis typically encompasses:• Size and reach of the originator• Collection process, infrastructure and follow-up

mechanism• Quality of MIS• Credit enhancement for different type of originator

(iv)The level of diversification with respect to theunderlying assets, and risk mitigation measures for lessdiversifiedinvestments

Eligible assets: Only assets with an established track record of low delinquencies and high credit quality over several business cycles will be considered for investment.

Analysis of pool: Characteristics such as average pool maturity (in months), average loan to value ratio, average seasoning of the pool, maximum single exposure, geographical distribution and average single exposure are studied to determine pool quality

(ii) Policy relating to originators based on nature of originator, track record, NPAs, losses in earlier securitized debt, etc

The parameters used to evaluate originators are• Track record• Willingness to pay, through credit enhancement

facilities etc.• Ability to pay• Business risk assessment, wherein following

factors are considered:Outlook for the economy (domestic and global)Outlook for the industryCompany specific factors

In addition a detailed review and assessment of rating rationale is done including interactions with the originator as well as rating agency.

Critical Evaluation Parameters (for pool loan) regarding the originator / underlying issuer:

• Default track record/ frequent alteration of redemption conditions / covenants

• High leverage ratios of the ultimate borrower - both on a standalone basis as well on a consolidated level/ group level

• Higher proportion of re-schedulement of underlying assets of the pool or loan, as the case may be

• Higher proportion of overdue assets of the pool or the underlying loan, as the case may be

• Poor reputation in market

• Insufficient track record of servicing of the pool or the loan, as the case may be.

(iii) Risk mitigation strategies for investments with each kind of originator

Analysis of originator: An independent Risk and Quantitative Analysis (RQA) team analyses and evaluates each originator and sets up limits specifying both the maximum quantum and maximum tenor for investments and investments are considered only within these limits.

Originator analysis typically encompasses:

• Size and reach of the originator• Collection process, infrastructure and follow-up

mechanism• Quality of MIS• Credit enhancement for different type of originator

(iv)The level of diversification with respect to theunderlying assets, and risk mitigation measures for lessdiversifiedinvestments

Eligible assets: Only assets with an established track record of low delinquencies and high credit quality over several business cycles will be considered for investment.

Analysis of pool: Characteristics such as average pool maturity (in months), average loan to value ratio, average seasoning of the pool, maximum single exposure, geographical distribution and average single exposure are studied to determine pool quality

8

Risk mitigating measures: Credit enhancement facilities (including cash, guarantees, excess interest spread, subordinate tranches), liquidity facilities and payment structure are studied in relation to historical collection and default behavior of the asset class to ensure adequacy of credit enhancement in a stress scenario.

(v) Minimum retention period of the debt by originator prior to securitization

We will follow the guidelines on minimum holding period requirements as laid down by SEBI and RBI from time to time.

(vi) Minimum retention percentage by originator of debts to be securitized


(vii) Themechanismtotackleconflictofinterestwhenthe Mutual Fund invests in securitized debt of an originator and the originator in turn makes investments in that particular Scheme of the Fund

The AMC has an independent RQA team which is distinct from the Sales function and the Investments function and has a separate reporting and appraisal structure designed to avoid conflict of interest. Investments can be initiated by the fund managers only after the RQA team has assigned limits for the originator. The originator wise limits specify both the maximum quantum and maximum tenor for investments.

(viii) The resources and mechanism of individual risk assessment with the AMC for monitoring investment in securitized debt

The AMC has a rigorous risk management process for all fixed income investments, which also encompasses securitized debt. A dedicated RQA team is responsible for monitoring risks including credit and liquidity risk. The functions of the RQA team include:

• Detailed credit analysis of issuers: based on the management evaluation, operating strength and financial strength to determine suitability for investment. Periodic reviews on a quarterly/annual basis are under taken for eligible issuers. Ratings are monitored on a daily basis and any changes are immediately recorded and suitable action taken.

• RQA team monitors adherence to single and group level exposure norms, minimum rating requirements, liquidity requirements, and ensures that only eligible securities are included in the fund, in line with the Scheme information document/internal templates.

Risk mitigating measures: Credit enhancement facilities (including cash, guarantees, excess interest spread, subordinate tranches), liquidity facilities and payment structure are studied in relation to historical collection and default behavior of the asset class to ensure adequacy of credit enhancement in a stress scenario.

(v) Minimum retention period of the debt by originator prior to securitization


(vi) Minimum retention percentage by originator of debts to be securitized


(vii)Themechanismtotackleconflictofinterestwhenthe Mutual Fund invests in securitized debt of an originator and the originator in turn makes investments in that particular Scheme of the Fund

The AMC has an independent RQA team which is distinct from the Sales function and the Investments function and has a separate reporting and appraisal structure designed to avoid conflict of interest. Investments can be initiated by the fund managers only after the RQA team has assigned limits for the originator. The originator wise limits specify both the maximum quantum and maximum tenor for investments.

(viii) The resources and mechanism of individual risk assessment with the AMC for monitoring investment in securitized debt

The AMC has a rigorous risk management process for all fixed income investments, which also encompasses securitized debt. A dedicated RQA team is responsible for monitoring risks including credit and liquidity risk. The functions of the RQA team include:

• Detailed credit analysis of issuers: based on the management evaluation, operating strength and financial strength to determine suitability for investment. Periodic reviews on a quarterly/annual basis are under taken for eligible issuers. Ratings are monitored on a daily basis and any changes are immediately recorded and suitable action taken.

• RQA team monitors adherence to single and group level exposure norms, minimum rating requirements, liquidity requirements, and ensures that only eligible securities are included in the fund, in line with the Scheme information document/internal templates.

9

For securitized pool loan exposures, the analysis includes pool seasoning, pool asset quality, diversification, collateral margin, originator analysis and credit enhancement mechanisms. Pool performance statistics published by rating agencies are analyzed for performance of other securitised pools of the same originator as well as for the performance of the asset class as a whole. Regular interactions with the rating agencies are done to discuss performance trends. Documents are vetted by the legal and compliance team. In addition, monthly payout reports from the trustees are analysed for collection performance and adequacy of cash collateral.

Framework that is applied while evaluating investment decision relating to a pool securitization transaction:

Charac-teristics/ Type of

Pool

Mort-gage Loan

Com-mercial Vehicle

and Con-

struction Equip-ment

CAR 2 wheel-ers Others

Approxi-mate Average matu-rity (in Months)

In line with average maturity of mort-gage loans as per industry norms. Typically less than 10 years.

In line with average maturity of Com-mercial Vehicle and Con-struction Equip-ment loans as per industry norms. Typically less than 4 years.

In line with average matu-rity of car loans as per industry norms. Typically less than 4 years.

In line with average maturity of two-wheeler loans as per industry norms. Typically less than 4 years.

In line with average maturity of the as-set class as per industry norms.

Col-lateral margin (includ-ing cash,guar-antees, excess interest spread , subor-dinate tranche)

The collateral margin will be ad-equate for the pool to achieve a rating in the high safety category at the time of initial rat-ing. The collateral margin will ensure at least a 3 times cover over historical losses observed in the asset class.




The collateral margin will be ad-equate for the pool to achieve a rating in the high safety category at the time of initial rating.The collateral margin will ensure at least a 3 times cover over historical losses observed in the asset class.

For securitized pool loan exposures, the analysis includes pool seasoning, pool asset quality, diversification, collateral margin, originator analysis and credit enhancement mechanisms. Pool performance statistics published by rating agencies are analyzed for performance of other securitised pools of the same originator as well as for the performance of the asset class as a whole. Regular interactions with the rating agencies are done to discuss performance trends. Documents are vetted by the legal and compliance team. In addition, monthly payout reports from the trustees are analysed for collection performance and adequacy of cash collateral.

Framework that is applied while evaluating investment decision relating to a pool securitization transaction:

Charac-teristics/ Type of

Pool

Mort-gage Loan

Com-mercial Vehicle

and Con-

struction Equip-ment

CAR 2 wheel-ers Others

Approxi-mate

Average matu-rity (in

Months)

In line with

average maturity of mort-

gage loans as per

industry norms.

Typically less than 10 years.

In line with

average maturity of Com-mercial Vehicle

and Con-struction Equip-ment loans as per

industry norms.


In line with

average matu-rity of

car loans as per

industry norms.


In line with

average maturity of two-wheeler

loans as per

industry norms.


In line with

average maturity of the as-set class as per

industry norms.

Col-lateral margin (includ-

ing cash,guar-

antees, excess interest spread , subor-dinate

tranche)

The collateral margin will be

ad-equate for the pool to

achieve a rating in the high

safety category

at the time of

initial rat-ing. The

collateral margin

will ensure

at least a 3 times cover over

historical losses

observed in the asset class.




safety category

at the time of


collateral margin

will ensure


historical losses





safety category

at the time of


collateral margin

will ensure


historical losses





safety category

at the time of


collateral margin

will ensure


historical losses





safety category

at the time of initial rating.

The collateral margin

will ensure


historical losses


10

Average Loan to Value Ratio

In line with average Loan to Value ratio of mort-gage loans as per industry norms. Typically less than 80 per cent.

In line with average Loan to Value ratio of Com-mercial Vehicle and Con-struction Equip-ment loans as per industry norms. Typically less than 85 per cent.

In line with average Loan to Value ratio of car loans as per industry norms. Typically less than 85 per cent.

In line with average Loan to Value ratio of two-wheeler loans as per industry norms. Typically less than 85 per cent.

In line with average Loan to Value ratio of the asset class loans as per industry norms.

Average season-ing of the Pool

In line with industry norms and guide-lines laid down by RBI/SEBI from time to time. Typically, more than 3 months




In line with industry norms and guide-lines laid down by RBI/SEBI from time to time.

Maxi-mum single exposure range

Not more than 10%

Not more than 10%

Not more than 10%

Not more than 10%

Not more than 10%

Average single expo-sure range %

Not more than 10%

Not more than 10%

Not more than 10%

Not more than 10%

Not more than 10%

* Kindly note that all references to single loan securitization has been removed as securitization of single corporate loans are no longer envisaged under revised RBI guidelines on securitization

The Scheme will not be investing in foreign securitised debt.

Average Loan to Value Ratio

In line with average Loan to Value ratio of mort-gage loans as per industry norms. Typically less than 80 per cent.

In line with average Loan to Value ratio of Com-mercial Vehicle and Con-struction Equip-ment loans as per industry norms. Typically less than 85 per cent.

In line with average Loan to Value ratio of car loans as per industry norms. Typically less than 85 per cent.

In line with average Loan to Value ratio of two-wheeler loans as per industry norms. Typically less than 85 per cent.

In line with average Loan to Value ratio of the asset class loans as per industry norms.

Average season-ing of the Pool





In line with industry norms and guide-lines laid down by RBI/SEBI from time to time.

Maxi-mum single exposure range

Not more than 10%

Not more than 10%

Not more than 10%

Not more than 10%

Not more than 10%

Average single exposure range %

Not more than 10%

Not more than 10%

Not more than 10%

Not more than 10%

Not more than 10%

* Kindly note that all references to single loan securitization has been removed as securitization of single corporate loans are no longer envisaged under revised RBI guidelines on securitization

The Scheme will not be investing in foreign securitised debt.

• Investment in Overseas Financial Assets/Foreign Securities

According to SEBI circular no. SEBI/IMD/CIR No. 7/104753/07 dated September 26, 2007 mutual funds can invest in ADRs/GDRs/other specified foreign securities and as per SEBI circular no. SEBI/IMD/CIR No. 2/122577/08 dated April 08, 2008, such investments are subject to an overall limit of US$ 7 bn. for all mutual funds put together. The Mutual Fund has been allowed an individual limit of US$ 600 mn. The overall ceiling for investment in overseas ETFs that invest in securities is US$ 1 billion subject to a maximum of US$ 50 million per mutual fund.

The dedicated fund manager appointed for making overseas investments by the Mutual Fund will be in accordance with the applicable requirements of SEBI. Depending upon the Investment Manager’s views, Scheme would like to seek investment opportunities in the ADR/GDR/overseas market.

11


The Mutual Fund may use various derivatives and hedging products/ techniques, in order to seek to generate better returns for the Scheme. Derivatives are financial contracts of pre-determined fixed duration, whose values are derived from the value of an underlying primary financial instrument, commodity or index. The Scheme while investing in equities shall transact in exchange traded equity derivatives only and these instruments may take the form of Index Futures, Index Options, Futures and Options on individual equities/securities and such other derivative instruments as may be appropriate and permitted under the SEBI Regulations and guidelines from time to time.

Advantages of Trading in Derivatives

Advantages of derivatives are many. The use of derivatives provides flexibility to the Schemes to hedge whole or part of the portfolio. The following section describes some of the more common derivatives transactions along with their benefits:

Derivatives are financial contracts of pre-determined fixed duration, whose values are derived from the value of an underlying primary financial instrument, commodity or index, such as interest rates, exchange rates, commodities and equities.

1. Futures

Currently, futures contracts have a maximum expiration cycle of 3 months. Three contracts are

available for trading, with 1 month, 2 months and 3 months expiry respectively. A new contract

is introduced on the next trading day following the expiry of the relevant monthly contract.

Futures contracts typically expire on the last Thursday of the month. For example a contract

with the April 2018 expiration expires on the last Thursday of April 2018 (April 26, 2018).

Basic Structure of an Index Future

The Stock Index futures are instruments designed to give exposure to the equity markets indices. The Stock Exchange, Mumbai (BSE) and The National Stock Exchange (NSE) have trading in index futures of 1, 2 and 3 month maturities. The pricing of an index future is the function of the underlying index and short-term interest rates. Index futures are cash settled, there is no delivery of the underlying stocks.

Example using hypothetical figures:

1 month ABC Index FuturePurchase Date : April 01, 2018Spot Index : 10,200.00Future Price : 10,300.00Date of Expiry : April 26, 2018Margin : 10%

Assuming the exchange imposes a total margin of 10%, the Investment Manager will be required

to provide a total margin of approx. Rs. 103,000,000 (i.e. 10%*10300*2000*50) through eligible securities and cash.


The Mutual Fund may use various derivatives and hedging products/ techniques, in order to seek to generate better returns for the Scheme. Derivatives are financial contracts of pre-determined fixed duration, whose values are derived from the value of an underlying primary financial instrument, commodity or index. The Scheme while investing in equities shall transact in exchange traded equity derivatives only and these instruments may take the form of Index Futures, Index Options, Futures and Options on individual equities/securities and such other derivative instruments as may be appropriate and permitted under the SEBI Regulations and guidelines from time to time.

Advantages of Trading in Derivatives

Advantages of derivatives are many. The use of derivatives provides flexibility to the Schemes to hedge whole or part of the portfolio. The following section describes some of the more common derivatives transactions along with their benefits:

Derivatives are financial contracts of pre-determined fixed duration, whose values are derived from the value of an underlying primary financial instrument, commodity or index, such as interest rates, exchange rates, commodities and equities.

1. Futures

Currently, futures contracts have a maximum expiration cycle of 3 months. Three contracts are

available for trading, with 1 month, 2 months and 3 months expiry respectively. A new contract

is introduced on the next trading day following the expiry of the relevant monthly contract.

Futures contracts typically expire on the last Thursday of the month. For example a contract

with the April 2018 expiration expires on the last Thursday of April 2018 (April 26, 2018).

Basic Structure of an Index Future

The Stock Index futures are instruments designed to give exposure to the equity markets indices. The Stock Exchange, Mumbai (BSE) and The National Stock Exchange (NSE) have trading in index futures of 1, 2 and 3 month maturities. The pricing of an index future is the function of the underlying index and short-term interest rates. Index futures are cash settled, there is no delivery of the underlying stocks.


1 month ABC Index FuturePurchase Date : April 01, 2018Spot Index : 10,200.00Future Price : 10,300.00Date of Expiry : April 26, 2018Margin : 10%

Assuming the exchange imposes a total margin of 10%, the Investment Manager will be required

to provide a total margin of approx. Rs. 103,000,000 (i.e. 10%*10300*2000*50) through eligible securities and cash.

12

Assuming on the date of expiry, i.e. April 26 , 2018, ABC Index closes at 10,350, the net impact

will be a profit of Rs. 5,000,000 for the Scheme, i.e. (10,350-10,300) * 2000 * 50 (Futures price =

Closing spot price = Rs. 10,350.00)

Profits for the Scheme = (10,350-10,300) * 2000*50 = Rs. 5,000,000

Please note that the above example is given for illustration purposes only. Some assumptions have been made for the sake of simplicity.

The net impact for the Scheme will be in terms of the difference of the closing price of the index and cost price. Thus, it is clear from the above example that the profit or loss for the Scheme will be the difference between the closing price (which can be higher or lower than the purchase price) and the purchase price. The risks associated with index futures are similar to those associated with equity investments. Additional risks could be on account of illiquidity and potential mis-pricing of the futures.

Basic Structure of a Stock Future

A futures contract on a stock gives its owner the right and obligation to buy or sell stocks. Single Stock Futures traded on NSE (National Stock Exchange) are cash settled; there is no delivery of the underlying stocks on the expiration date. A purchase or sale of futures on a security gives the trader essentially the same price exposure as a purchase or sale of the security itself. In this regard, trading stock futures is no different from trading the security itself.


The Scheme holds shares of XYZ Ltd., the current price of which is Rs. 500 per share. The Scheme sells one month futures on the shares of XYZ Ltd. at the rate of Rs. 540.

If the price of the stock falls, the Mutual Fund will suffer losses on the stock position held. However, in such a scenario, there will be a profit on the short futures position.

At the end of the period, the price of the stock falls to Rs. 450 and this fall in the price of the stock results in a fall in the price of futures to Rs. 470. There will be a loss of Rs. 50 per share (Rs. 500 - Rs. 450) on the holding of the stock, which will be offset by the profits of Rs. 70 (Rs. 540 - Rs. 470) made on the short futures position.

Please note that the above example is given for illustration purposes only. Some assumptions have been made for the sake of simplicity. Certain factors like margins and other related costs have been ignored. The risks associated with stock futures are similar to those associated with equity investments. Additional risks could be on account of illiquidity and potential mis-pricing of the futures.

Assuming on the date of expiry, i.e. April 26 , 2018, ABC Index closes at 10,350, the net impact

will be a profit of Rs. 5,000,000 for the Scheme, i.e. (10,350-10,300) * 2000 * 50 (Futures price =

Closing spot price = Rs. 10,350.00)

Profits for the Scheme = (10,350-10,300) * 2000*50 = Rs. 5,000,000

Please note that the above example is given for illustration purposes only. Some assumptions have been made for the sake of simplicity.

The net impact for the Scheme will be in terms of the difference of the closing price of the index and cost price. Thus, it is clear from the above example that the profit or loss for the Scheme will be the difference between the closing price (which can be higher or lower than the purchase price) and the purchase price. The risks associated with index futures are similar to those associated with equity investments. Additional risks could be on account of illiquidity and potential mis-pricing of the futures.

Basic Structure of a Stock Future

A futures contract on a stock gives its owner the right and obligation to buy or sell stocks. Single Stock Futures traded on NSE (National Stock Exchange) are cash settled; there is no delivery of the underlying stocks on the expiration date. A purchase or sale of futures on a security gives the trader essentially the same price exposure as a purchase or sale of the security itself. In this regard, trading stock futures is no different from trading the security itself.


The Scheme holds shares of XYZ Ltd., the current price of which is Rs. 500 per share. The Scheme sells one month futures on the shares of XYZ Ltd. at the rate of Rs. 540.

If the price of the stock falls, the Mutual Fund will suffer losses on the stock position held. However, in such a scenario, there will be a profit on the short futures position.

At the end of the period, the price of the stock falls to Rs. 450 and this fall in the price of the stock results in a fall in the price of futures to Rs. 470. There will be a loss of Rs. 50 per share (Rs. 500 - Rs. 450) on the holding of the stock, which will be offset by the profits of Rs. 70 (Rs. 540 - Rs. 470) made on the short futures position.

Please note that the above example is given for illustration purposes only. Some assumptions have been made for the sake of simplicity. Certain factors like margins and other related costs have been ignored. The risks associated with stock futures are similar to those associated with equity investments. Additional risks could be on account of illiquidity and potential mis-pricing of the futures.

13

2. OptionsAn option gives a person the right but not an obligation to buy or sell something. An option is a contract between two parties wherein the buyer receives a privilege for which he pays a fee (premium) and the seller accepts an obligation for which he receives a fee. The premium is the price negotiated and set when the option is bought or sold. A person who buys an option is said to be long in the option. A person who sells (or writes) an option is said to be short in the option. An option contract may be of two kinds:

1. Call optionAn option that provides the buyer the right to buy is a call option. The buyer of the call option can call upon the seller of the option and buy from him the underlying asset at the agreed price. The seller of the option has to fulfill the obligation upon exercise of the option.

2. Put optionThe right to sell is called a put option. Here, the buyer of the option can exercise his right to sell the underlying asset to the seller of the option at the agreed price.Option contracts are classified into two styles:

(a) European StyleIn a European option, the holder of the option can only exercise his right on the date of expiration only.

(b) American StyleIn an American option, the holder can exercise his right anytime between the purchase date and the expiration date.

Basic Structure of an Equity OptionIn India, options contracts on indices are European style and cash settled whereas, option contracts on individual securities are American style and cash settled.Example using hypothetical figures:

1 month ABC Index FutureMarket type : NInstrument Type : OPTSTKUnderlying : XYZ Ltd. (XYZ)Purchase date : April 1, 2018Expiry date : April 26, 2018Option Type : Put Option (Purchased)Strike Price : Rs. 8,750.00Spot Price : Rs. 8,800.00Premium : Rs. 200.00Lot Size : 100No. of Contracts : 50Say, the Mutual Fund purchases on April 1, 2018, 1 month Put Options on XYZ Ltd. (XYZ) on theNSE i.e. put options on 5000 shares (50 contracts of 100 shares each) of XYZ.As these are American style options, they can be exercised on or before the exercise date i.e.April 26, 2018. If the share price of XYZ Ltd. falls to Rs. 8,500/- on April 26, 2018, and theInvestment Manager decides to exercise the option, the net impact will be as Follows:Premium Expense =Rs. 200 * 50 * 100 = Rs. 10,00,000/-Option Exercised at = Rs. 8,500/-Profits for the Mutual Fund= (8,750.00 - 8,500.00) * 50 * 100 = Rs. 12,50,000/-Net Profit =Rs. 12,50,000 - Rs. 10,00,000 = Rs. 2,50,000/-In the above example, the Investment Manager hedged the market risk on 5000 shares of XYZ Ltd. by purchasing put options.

2. OptionsAn option gives a person the right but not an obligation to buy or sell something. An option is a contract between two parties wherein the buyer receives a privilege for which he pays a fee (premium) and the seller accepts an obligation for which he receives a fee. The premium is the price negotiated and set when the option is bought or sold. A person who buys an option is said to be long in the option. A person who sells (or writes) an option is said to be short in the option. An option contract may be of two kinds:1. Call optionAn option that provides the buyer the right to buy is a call option. The buyer of the call option can call upon the seller of the option and buy from him the underlying asset at the agreed price. The seller of the option has to fulfill the obligation upon exercise of the option.2. Put optionThe right to sell is called a put option. Here, the buyer of the option can exercise his right to sell the underlying asset to the seller of the option at the agreed price.Option contracts are classified into two styles:

(a) European StyleIn a European option, the holder of the option can only exercise his right on the date of expiration only.

(b) American StyleIn an American option, the holder can exercise his right anytime between the purchase date and the expiration date.

Basic Structure of an Equity OptionIn India, options contracts on indices are European style and cash settled whereas, option contracts on individual securities are American style and cash settled.Example using hypothetical figures:Market type : NInstrument Type : OPTSTKUnderlying : XYZ Ltd. (XYZ)Purchase date : April 1, 2018Expiry date : April 26, 2018Option Type : Put Option (Purchased)Strike Price : Rs. 8,750.00Spot Price : Rs. 8,800.00Premium : Rs. 200.00Lot Size : 100No. of Contracts : 50Say, the Mutual Fund purchases on April 1, 2018, 1 month Put Options on XYZ Ltd. (XYZ) on theNSE i.e. put options on 5000 shares (50 contracts of 100 shares each) of XYZ.As these are American style options, they can be exercised on or before the exercise date i.e.April 26, 2018. If the share price of XYZ Ltd. falls to Rs. 8,500/- on April 26, 2018, and theInvestment Manager decides to exercise the option, the net impact will be as Follows:Premium Expense =Rs. 200 * 50 * 100 = Rs. 10,00,000/-Option Exercised at = Rs. 8,500/-Profits for the Mutual Fund= (8,750.00 - 8,500.00) * 50 * 100 = Rs. 12,50,000/-Net Profit =Rs. 12,50,000 - Rs. 10,00,000 = Rs. 2,50,000/-In the above example, the Investment Manager hedged the market risk on 5000 shares of XYZ Ltd. by purchasing put options.

14

Please note that the above example is given for illustration purposes only. Some assumptions have been made for the sake of simplicity. Certain factors like margins have been ignored. The purchase of Put Options does not increase the market risk in the Mutual Fund as the risk is already in the Mutual Fund’s portfolio on account of the underlying asset position (in his example shares of XYZ Ltd.). The Premium paid for the option is treated as an expense and added to the holding cost of the relevant security. Additional risks could be on account of illiquidity and potential mis-pricing of the options.

Exposure to Equity Derivatives

i. Position limit for the Mutual Fund in index options contracts:

a. The Mutual Fund position limit in all index options contracts on a particular underlying index shall be Rs. 500 crore or 15% of the total open interest in the market in index options, whichever is higher, per Stock Exchange.

b. This limit would be applicable on open positions in all options contracts on a particular underlying index.

ii. Position limit for the Mutual Fund in index futures contracts:

a. The Mutual Fund position limit in all index futures contracts on a particular underlying index shall be Rs. 500 crore or 15% of the total open interest in the market in index futures, whichever is higher, per Stock Exchange.

b. This limit would be applicable on open positions in all futures contracts on a particular underlying index.

iii. Additional position limit for hedging:

a. In addition to the position limits at point (i) and (ii) above, Fund may take exposure in equity index derivatives subject to the following limits:

b. Short positions in index derivatives (short futures, short calls and long puts) shall not exceed (in notional value) the Mutual Fund’s holding of stocks.

c. Long positions in index derivatives (long futures, long calls and short puts) shall not exceed (in notional value) the Mutual Fund’s holding of cash, government securities, T-Bills and similar instruments.

iv. Position limit for the Mutual Fund for stock based derivative contracts:

The Mutual Fund position limit in a derivative contract on a particular underlying stock, i.e. stock option contracts and stock futures contracts:a. For stocks having applicable market-wise position

limit (MWPL) of Rs. 500 crores or more, the combined futures and options position limit shall be 20% of applicable MWPL or Rs. 300 crores, whichever is lower and within which stock futures position cannot exceed 10% of applicable MWPL or Rs. 150 crores, whichever is lower.

b. For stocks having applicable market-wise position limit (MWPL) less than Rs. 500 crores, the combined futures and options position limit would be 20% of applicable MWPL and futures position cannot exceed 20% of applicable MWPL or Rs. 50 crorewhich ever is lower.

Please note that the above example is given for illustration purposes only. Some assumptions have been made for the sake of simplicity. Certain factors like margins have been ignored. The purchase of Put Options does not increase the market risk in the Mutual Fund as the risk is already in the Mutual Fund’s portfolio on account of the underlying asset position (in his example shares of XYZ Ltd.). The Premium paid for the option is treated as an expense and added to the holding cost of the relevant security. Additional risks could be on account of illiquidity and potential mis-pricing of the options.

Exposure to Equity Derivatives

i. Position limit for the Mutual Fund in index options contracts:

a. The Mutual Fund position limit in all index options contracts on a particular underlying index shall be Rs. 500 crore or 15% of the total open interest in the market in index options, whichever is higher, per Stock Exchange.

b. This limit would be applicable on open positions in all options contracts on a particular underlying index.

ii. Position limit for the Mutual Fund in index futures contracts:

a. The Mutual Fund position limit in all index futures contracts on a particular underlying index shall be Rs. 500 crore or 15% of the total open interest in the market in index futures, whichever is higher, per Stock Exchange.

b. This limit would be applicable on open positions in all futures contracts on a particular underlying index.

iii. Additional position limit for hedging:

In addition to the position limits at point (i) and (ii) above, Fund may take exposure in equity index derivatives subject to the following limits:

a. Short positions in index derivatives (short futures, short calls and long puts) shall not exceed (in notional value) the Mutual Fund’s holding of stocks.

b. Long positions in index derivatives (long futures, long calls and short puts) shall not exceed (in notional value) the Mutual Fund’s holding of cash, government securities, T-Bills and similar instruments.

iv. Position limit for the Mutual Fund for stock based derivative contracts:

The combined futures and options position limit shall be 20% of the applicable Market Wide Position Limit (MWPL).

v. Position limit for the Scheme:

The position limits for the Scheme and disclosure requirements are as follows:

a. For stock option and stock futures contracts, the gross open position across all derivative contracts on a particular underlying stock of a scheme of a Fund shall not exceed the higher of 1% of free float market capitalization (in terms of number of shares).

Or

5% of the open interest in the derivative contracts on a particular underlying stock (in terms of number of contracts).

15

v. Position limit for the Scheme:

The position limits for the Scheme and disclosure requirements are as follows:

a. For stock option and stock futures contracts, the gross open position across all derivative contracts on a particular underlying stock of a scheme of a Fund shall not exceed the higher of 1% of free float market capitalization (in terms of number of shares).

Or

5% of the open interest in the derivative contracts on a particular underlying stock (in terms of number of contracts).

b. This position limit shall be applicable on the combined position in all derivative contracts on a underlying stock at a Stock Exchange.

c. For index based contracts, the Mutual Fund shall disclose the total open interest held by its scheme or all schemes put together in a particular underlying index, if such open interest equals to or exceeds 15% of the open interest of all derivative contracts on that underlying index.

As andwhen SEBI notifies amended limits inposition limits for exchange traded derivative contracts in future, the aforesaid position limits, to the extent relevant shall be read as if they were substituted with the SEBI amended limits.

Exposure Limits:

With respect to investments made in derivative instruments, the Schemes shall comply with the following exposure limits in line with SEBI Circular Cir/IMD/DF/11/2010 dated August 18, 2010:

1. The cumulative gross exposure through equity, debt and derivative positions will not exceed 100% of the net assets of the respective Scheme. However, the following shall not be considered while calculating the gross exposure:

a. Security-wise hedged position and

b. Exposure in cash or cash equivalents with residual maturity of less than 91 days

2. The total exposure related to option premium must not exceed 20% of the net assets of the Scheme.

3. The Mutual Fund shall not write options or purchase instruments with embedded written options.

4. Exposure due to hedging positions may not be included in the above mentioned limits subject to the following:

a. Hedging positions are the derivative positions that reduce possible losses on an existing position in securities and till the existing position remains.

b. Hedging positions cannot be taken for existing derivative positions. Exposure due to such positions shall have to be added and treated under limits mentioned in Point 1.

b. This position limit shall be applicable on the combined position in all derivative contracts on a underlying stock at a Stock Exchange.

c. For index based contracts, the Mutual Fund shall disclose the total open interest held by its scheme or all schemes put together in a particular underlying index, if such open interest equals to or exceeds 15% of the open interest of all derivative contracts on that underlying index.

AsandwhenSEBInotifiesamendedlimitsinpositionlimits for exchange traded derivative contracts in future, the aforesaid position limits, to the extent relevant, shall be read as if they were substituted with the SEBI amended limits.

Exposure Limits:

With respect to investments made in derivative instruments, the Schemes shall comply with the following exposure limits in line with SEBI Circular Cir/IMD/DF/11/2010 dated August 18, 2010:

1. The cumulative gross exposure through equity, debt and derivative positions will not exceed 100% of the net assets of the respective Scheme. However, the following shall not be considered while calculating the gross exposure:

a. Security-wise hedged position andb. Exposure in cash or cash equivalents with residual

maturity of less than 91 days

2. The total exposure related to option premium must not exceed 20% of the net assets of the Scheme.

3. The Mutual Fund shall not write options or purchase instruments with embedded written options.

4. Exposure due to hedging positions may not be included in the above mentioned limits subject to the following:

a. Hedging positions are the derivative positions that reduce possible losses on an existing position in securities and till the existing position remains.

b. Hedging positions cannot be taken for existing derivative positions. Exposure due to such positions shall have to be added and treated under limits mentioned in Point 1.

c. Any derivative instrument used to hedge has the same underlying security as the existing position being hedged.

d. The quantity of underlying associated with the derivative position taken for hedging purposes does not exceed the quantity of the existing position against which hedge has been taken.

e. The Mutual Fund may enter into plain vanilla interest rate swaps for hedging purposes. The counter party in such transactions has to be an entity recognized as a market maker by RBI. Further, the value of the notional principal in such cases must not exceed the value of respective existing assets being hedged by the scheme. Exposure to a single counterparty in such transactions should not exceed 10% of the net assets of the scheme.

16

c. Any derivative instrument used to hedge has the same underlying security as the existing position being hedged.

d. The quantity of underlying associated with the derivative position taken for hedging purposes does not exceed the quantity of the existing position against which hedge has been taken.

5. The Mutual Fund may enter into plain vanilla interest rate swaps for hedging purposes. The counter party in such transactions has to be an entity recognized as a market maker by RBI. Further, the value of the notional principal in such cases must not exceed the value of respective existing assets being hedged by the scheme. Exposure to a single counterparty in such transactions should not exceed 10% of the net assets of the scheme.

6. Exposure due to derivative positions taken for hedging purposes in excess of the underlying position against which the hedging position has been taken, shall be treated under the limits mentioned in point 1.

7. Definition of Exposure in case of Derivative Positions:

Each position taken in derivatives shall have an associated exposure as defined under. Exposure is the maximum possible loss that may occur on a position. However, certain derivative positions may theoretically have unlimited possible loss. Exposure in derivative positions shall be computed as follows:

Position Exposure

Long Future

Futures Price * Lot Size * Number of Contracts

Short Future

Futures Price * Lot Size * Number of Contracts

Option Bought

Option Premium Paid * Lot Size * Number of Contracts

3. Interest Rate Swap (IRS)

Any swap is effectively an exchange of one set of cash-flows for another considered to be of equal value. If the exchange of cash flows is linked to interest rates, it becomes an interest rate swap.

An interest rate swap is an agreement between two parties to exchange future payment streams based on a notional amount. Only the interest on the notional amount is swapped, and the principal amount is never exchanged.

In a typical interest rate swap, one party agrees to pay a fixed rate over the term of the agreement and to receive a variable or floating rate of interest. The counterparty receives a stream of fixed rate payments at regular intervals as described in the agreement and pays the floating rate of interest. A fixed/ floating interest rate swap is characterized by:

1. Fixed interest rate;2. Variable or floating interest rate, which is

periodically reset;

6. Exposure due to derivative positions taken for hedging purposes in excess of the underlying position against which the hedging position has been taken, shall be treated under the limits mentioned in point 1.

7. Definition of Exposure in case of Derivative Positions: Each position taken in derivatives shall have an associated exposure as defined under. Exposure is the maximum possible loss that may occur on a position. However, certain derivative positions may theoretically have unlimited possible loss. Exposure in derivative positions shall be computed as follows:

Position ExposureLong Future Futures Price * Lot Size *

Number of ContractsShort Future Futures Price * Lot Size *

Number of ContractsOption Bought

Option Premium Paid * Lot Size * Number of Contracts

3. Interest Rate Swap (IRS)

Any swap is effectively an exchange of one set of cash-flows for another considered to be of equal value. If the exchange of cash flows is linked to interest rates, it becomes an interest rate swap.

An interest rate swap is an agreement between two parties to exchange future payment streams based on a notional amount. Only the interest on the notional amount is swapped, and the principal amount is never exchanged.

In a typical interest rate swap, one party agrees to pay a fixed rate over the term of the agreement and to receive a variable or floating rate of interest. The counterparty receives a stream of fixed rate payments at regular intervals as described in the agreement and pays the floating rate of interest. A fixed/ floating interest rate swap is characterized by:

1. Fixed interest rate;2. Variable or floating interest rate, which is

periodically reset;3. Notional principal amount upon which total

interest payments are based; and4. The terms of the agreement, including a schedule

of interest rate reset dates, payment dates and termination date.

The primary reason for engaging in an interest rate swap is to hedge the interest rate exposure. An illustration could be an institution having long-term fixed rate assets (longer tenor securities receiving fixed rate) in a rising interest rate environment; it can hedge the interest rate exposure by purchasing an interest rate swap where the institution receives floating interest rate and pays fixed rate. In this case, an interest rate swap is likely to reduce the duration and interest rate volatility of the fund.

FIXED RATEPLAYER

MARKETMAKER

FLOATINGRATE PLAYER

FIXED RATEPAYMENTS

NSE MIBOR

FIXED RATEPAYMENTS

NSE MIBOR

17

3. Notional principal amount upon which total interest payments are based; and

4. The terms of the agreement, including a schedule of interest rate reset dates, payment dates and termination date.

The primary reason for engaging in an interest rate swap is to hedge the interest rate exposure. An illustration could be an institution having long-term fixed rate assets (longer tenor securities receiving fixed rate) in a rising interest rate environment; it can hedge the interest rate exposure by purchasing an interest rate swap where the institution receives floating interest rate and pays fixed rate. In this case, an interest rate swap is likely to reduce the duration and interest rate volatility of the fund.

Example:Terms:Fixed Interest Rate : 8.50% p.a.Variable Interest Rate : NSE Over-Night MIBOR reset daily and compounded daily Notional PrincipalAmount : Rs.100 CrorePeriod of Agreement : 1 yearPayment Frequency : Semi-annual

Now, suppose the six-month period from the effectivedateoftheswaptothefirstpaymentdatecomprises 182 days and the daily compounded NSEOver-NightMIBORis8.15%p.a.onthefirstpayment date, then the fixed and variable ratepaymenton thefirst paymentdatewouldbe asfollows:

Fixed rate payment:

Rs. 4,23,83,562 = (Rs.100,00,00,000) x (8.50%) x (182 Days / 365 Days)

Variable rate payment:

Rs. 4,06,38,356 = (Rs.100,00,00,000) x (8.15%) x (182 Days / 365 Days)

Often, a swap agreement will call for only the exchange of net amount between the counterparties. In the above example, the fixed-rate payer will pay the variable-rate payer a net amount of Rs. 17,45,205 = Rs. 4,23,83,562 - Rs. 4,06,38,356.

The second and final payment will depend on the daily NSE MIBOR compounded daily for the remaining 183 days. The fixed rate payment will also change to reflect the change in holding period from 182 days to 183 days.

Example:Terms:Fixed Interest Rate : 8.50% p.a.Variable Interest Rate : NSE Over-Night MIBOR reset daily and compounded dailyNotional Principal Amount : Rs.100 CrorePeriod of Agreement : 1 yearPayment Frequency : Semi-annual

Now, suppose the six-month period from the effectivedateoftheswaptothefirstpaymentdatecomprises 182 days and the daily compounded NSE Over-NightMIBORis8.15%p.a.onthefirstpaymentdate, then thefixedandvariable ratepaymentonthefirstpaymentdatewouldbeasfollows:

Fixed rate payment:Rs. 4,23,83,562 = (Rs.100,00,00,000) x (8.50%) x (182 Days / 365 Days)

Variable rate payment:Rs. 4,06,38,356 = (Rs.100,00,00,000) x (8.15%) x (182 Days / 365 Days)

Often, a swap agreement will call for only the exchange of net amount between the counterparties. In the above example, the fixed-rate payer will pay the variable-rate payer a net amount of Rs. 17,45,205 = Rs. 4,23,83,562 - Rs. 4,06,38,356. The second and final payment will depend on the daily NSE MIBOR compounded daily for the remaining 183 days. The fixed rate payment will also change to reflect the change in holding period from 182 days to 183 days.

3. Forward Rate Agreement (FRA)

An FRA is an off balance sheet agreement to pay or receive on an agreed future date, the difference between an agreed interest rate and the interest rate actually prevailing on that future date, calculated on an agreed notional principal amount. It is settled against the actual interest rate prevailing at the beginning of the period to which it relates rather than paid as a gross amount.

An FRA is referred to by the beginning and end dates of the period covered. Thus a 5x8 FRA is one that covers a 3-month period beginning in 5-months and ending in 8-months. FRAs are purchased to hedge the interest rate risk; an investor facing uncertainty of the interest rate movements can fix the interest costs by purchasing an FRA.

An illustration could be a corporation having floating rate debt linked to an index such as say, 3-Month MIBOR. If the existing interest cost is at 8% on Rs.100 Crore for the next three months, the corporation can purchase a 3x6 FRA @ 8.1% on Rs.100 Crore and fix the interest cost for the 3-6 months period. If the actual 3-Month MIBOR after 3-months is at 8.25%, the corporation has saved 15 bps in interest cost. As the settlement is done at the beginning of the period, the savings in interest expense are discounted to a present value using a 3-month rate to calculate the actual settlement amount.

FIXED RATEPLAYER

MARKETMAKER

FLOATINGRATE PLAYER

FIXED RATEPAYMENTS

NSE MIBOR

FIXED RATEPAYMENTS

NSE MIBOR

18

4. Forward Rate Agreement (FRA)

An FRA is an off balance sheet agreement to pay or receive on an agreed future date, the difference between an agreed interest rate and the interest rate actually prevailing on that future date, calculated on an agreed notional principal amount. It is settled against the actual interest rate prevailing at the beginning of the period to which it relates rather than paid as a gross amount.

An FRA is referred to by the beginning and end dates of the period covered. Thus a 5x8 FRA is one that covers a 3-month period beginning in 5-months and ending in 8-months. FRAs are purchased to hedge the interest rate risk; an investor facing uncertainty of the interest rate movements can fix the interest costs by purchasing an FRA.

An illustration could be a corporation having floating rate debt linked to an index such as say, 3-Month MIBOR. If the existing interest cost is at 8% on Rs.100 Crore for the next three months, the corporation can purchase a 3x6 FRA @ 8.1% on Rs.100 Crore and fix the interest cost for the 3-6 months period. If the actual 3-Month MIBOR after 3-months is at 8.25%, the corporation has saved 15 bps in interest cost. As the settlement is done at the beginning of the period, the savings in interest expense are discounted to a present value using a 3-month rate to calculate the actual settlement amount.

The flows for the institution will be, as follows:Interest Savings = Rs. 100 Crore * 15 bps * 92/365 (assuming 92 days in the 3 month FRA period and 365 days in the conventional year)= Rs.3,78,082.19Settlement Amount =Rs.3,78,082.19/ (1+8.25%*92/365)

Please note that the above examples are hypothetical in nature and the figures are assumed.

5. Interest Rate Futures

An Interest Rate Futures (‘IRF’) contract is “an agreement to buy or sell a debt instrument at a specified future date at a price that is fixed today.” The underlying security for Interest Rate Futures is either Government Bond or T-Bill. Interest Rate Futures are Exchange traded and standardized contracts based on 6 year, 10 year and 13 year Government of India Security and 91-day Government of India Treasury Bill (91DTB). These future contracts are cash settled. These instruments can be used for hedging the underlying cash positions.

For example, assume a portfolio has Rs. 100 crores of Government security 7.59% GOI 2026 with face value Rs. 100/-. The bond is currently trading in market at 105.00.

The futures on 7.59% GOI 2026, expiring on 26th October 2018 is trading on exchange at 105.10.

Instead of exiting the cash position, the fund manager can decide to hedge the position by selling the same quantity in futures. Since one contract of IRF has a notional of Rs. 2 lakhs, in this example the fund manager sells Rs. 100 crores/2 lakhs = 5000 contracts, to hedge his position.

At maturity, the settlement price of the futures will be almost same as closing price of the underlying security.

The flows for the institution will be, as follows:

Interest Savings =Rs. 100 Crore * 15 bps * 92/365(assuming 92 days in the 3 month FRA period and 365 days in the conventional year)= Rs.3,78,082.19

Settlement Amount =Rs.3,78,082.19/ (1+8.25%*92/365)

Please note that the above examples are hypothetical in nature and the figures are assumed.

5. Interest Rate Futures

An Interest Rate Futures (‘IRF’) contract is “an agreement to buy or sell a debt instrument at a specified future date at a price that is fixed today.” The underlying security for Interest Rate Futures is either Government Bond or T-Bill. Interest Rate Futures are Exchange traded and standardized contracts based on 6 year, 10 year and 13 year Government of India Security and 91-day Government of India Treasury Bill (91DTB). These future contracts are cash settled. These instruments can be used for hedging the underlying cash positions.

The overall gross exposure for a fund is computed as sum of exposure to equity, cash, debt instruments and derivatives (other than for hedging purposes) and it should not be more than 100%. Derivative position is considered to be for hedging purposes only if the following conditions are met:

1. Perfect Hedging - We hedge the underlying using IRF contract of same underlying

2. Imperfect hedging – the Underlying being hedged and the IRF contract has a 90 day correlation of closing prices of more than 90%. In case of correlation breaking at any time the derivative position would be counted as an exposure. SEBI allows maximum of 20% imperfect hedging.

For example, assume a portfolio comprising the following structure:

Security Amount (crs) Price (Rs)

IGB 6.79% 2027 100 100.40

IGB 6.79% 2029 50 98.35

IGB 7.72% 2025 25 104.55

Cash 25

Total 200

Assuming the fund manager intends to hedge the portfolio using IRF and uses contracts on IGB 6.79% 2027 as it is most liquid.

Maximum imperfect hedging allowed, based on SEBI limit of 20% for the above fund is 200*20% = 40 crs

Maximum perfect hedging using 6.79% 2027 is 100 crs (as amount of 6.79% 2027 in the fund is 100 crs)

Total hedge the fund can do = 100 crs + 40 crs =140 crs

Assuming the 90 day historical correlation between the instruments in the portfolio are as follows

19

At maturity of the Interest Rate Futures

Case 1: At maturity Bonds close higher than the price at which fund manager hedged the position, but below the futures price at which he hedged

Closing price of Bonds on day of maturity of futures = 105.05Settlement price of futures = 105.05MTM gain on the underlying bond =(105.05-105.00) * 100 crores / 100(i.e. face value of bond) = Rs. 5,00,000The profit on the futures leg is =5000*2lakhs *(105.10-105.05)/ 100(i.e. face value of bond) = Rs 5,00,000Overall profit to the fund = Rs 10,00,000

Case 2: At maturity bonds close higher than the level at which futures were soldIn case, the closing price of bonds on the day of maturity of futures = 105.20, Settlement price of futures = 105.20The MTM gain on bonds = (105.20-105.00) * 100 crores /100 (i.e. face value of bond) =Rs. 20,00,000Loss on futures leg = 5000*2 lakhs * (105.10-105.20) /100 (i.e. face value of bond) =(Rs 10,00,000)Total Profit to the fund = Rs 10,00,000

Case 3: At maturity bonds sells off from levels were hedges were initiated

In case, the closing price of bonds on the day of maturity of futures = 104.80,Settlement price of futures = 104.80The MTM loss on bonds =(104.80-105.00) * 100 crores = (Rs. 20,00,000)Profit on futures leg =5000*2 lacs * (105.10-104.80) = Rs 30,00,000Total Profit to the fund = Rs 10,00,000”

90 day historical

correlation

IGB 6.79% 2027

IGB 6.79% 2029

IGB 7.72% 2025

IGB 6.79% 2027 1 0.95 0.80

IGB 6.79% 2029 0.95 1 0.75

IGB 7.72% 2025 0.80 0.75 1

Given that we are using IRF on 6.79% 2027, we can hedge 6.79% 2029 using IRFs as correlation is more than 90% upto 40 crs (based on the 20% limit of imperfect hedging).

Since one contract of IRF has a notional of Rs. 2 lakhs, in this example the fund manager sells Rs. 140 crores/2 lakhs = 7000 contracts, to hedge his position.

Hence after hedging the fund is as shown below:

Security Amount (crs)

Price (Rs) Comments

IGB 6.79% 2027

100 100.40 100% hedged – Perfect hedging

IGB 6.79% 2029

50 98.35 40% hedged – Imperfect hedging

IGB 7.72% 2025

25 104.55 Unhedged

Cash 25 UnhedgedIRF 6.79% 2027

140 100.35

Total 200

At maturity of the Interest Rate Futures

Case 1: bonds close higher than at the time the hedge was entered into


Price before hedging(Rs)

Price on maturity of hedge (Rs)

GainNet Gain

(lakhs)IGB 6.79% 2027

100 100.4 100.5 0.1 10.00

IGB 6.79% 2029

50 98.35 98.5 0.15 7.50

IGB 7.72% 2025

25 104.55 104.6 0.05 1.25

Cash 25 -Without IRF

18.75

IRF 6.79% 2027

140 100.35 100.5 -0.15 (21.00)

Total With IRF

200 (2.25)

20

Case 2: bonds close lower than at the time the hedge was entered into


Price before

hedging

Price on maturity

of hedge

(Rs)

Gain Net Gain (lakhs)

IGB 6.79% 2027 100 100.4 100.3 -0.1 (10.00)

IGB 6.79% 2029 50 98.35 98.23 -0.12 (6.00)

IGB 7.72% 2025 25 104.55 104.5 -0.05 (1.25)

Cash 25 -

Without IRF (17.25)

IRF 6.79% 2027 140 100.35 100.3 0.05 7.00

Total with IRF 200 (10.25)

As can be seen in the cases above, in case yields move higher, IRFs help in reducing the loss to the fund.

5. Risk factors Refer existing disclosure in the SID under “Section IV.A” titled “Risk factors” and “Section IV.B” titled Risk Management Strategies

The following shall be added under “Section IV.A” titled as “Risk factors” in the SID:

• Risks associated with Overseas Investments

Subject to necessary approvals, in terms of all applicable guidelines issued by SEBI and RBI from time to time and within the investment objectives of the Schemes, the Schemes may invest in overseas markets and securities which carry a risk on account of fluctuations in the foreign exchange rates, nature of securities market of the country concerned, repatriation of capital due to exchange controls and political circumstances.

Risk associated with Investments in REITs and InvITs

Risk of lower than expected distributions: The distributions by the REIT or InvIT will be based on the net cash flows available for distribution. The amount of cash available for distribution principally depends upon the amount of cash that the REIT/INVIT receives as dividends or the interest and principal payments from portfolio assets. The cash flows generated by portfolio assets from operations may fluctuate based on, among other things

• success and economic viability of tenants and off-takers

• economic cycles and risks inherent in the business which may negatively impact valuations, returns and profitability of portfolio assets

• force majeure events related such as earthquakes, floods etc. rendering the portfolio assets inoperable

• debt service requirements and other liabilities of the portfolio assets

• fluctuations in the working capital needs of the portfolio assets

• ability of portfolio assets to borrow funds and access capital markets

• changes in applicable laws and regulations, which may restrict the payment of dividends by portfolio assets

• amount and timing of capital expenditures on portfolio assets

• insurance policies may not provide adequate protection against various risks associated with operations of the REIT/InvIT such as fire, natural disasters, accidents

21

Price-Risk: The valuation of the REIT/InvIT units may fluctuate based on economic conditions, fluctuations in markets (eg. real estate) in which the REIT/InvIT operates and the resulting impact on the value of the portfolio of assets, regulatory changes, force majeure events etc. REITs & InvITs may have volatile cash flows. As an indirect shareholder of portfolio assets, unit holders rights are subordinated to the rights of creditors, debt holders and other parties specified under Indian law in the event of insolvency or liquidation of any of the portfolio assets

Interest-Rate Risk: Generally, when interest rates rise, prices of units fall and when interest rates drop, such prices increase.

Liquidity Risk: This refers to the ease with which REIT/InvIT units can be sold. There is no assurance that an active secondary market will develop or be maintained. Hence there would be time when trading in the units could be infrequent. The subsequent valuation of illiquid units may reflect a discount from the market price of comparable securities for which a liquid market exists.

Risk Factors Associated with Imperfect Hedging using Interest Rate Futures

1. Basis Risk — risk associated with divergence in the price movement of the portfolio being hedged and the price movement of the derivative serving as the hedge e.g. a loss (gain) in the market value of bonds in the portfolio (or the part thereof that is being hedged), may be accompanied by a disproportionate gain (loss) in the market value of the derivatives being used to serve as the hedge. This imperfect correlation between the two investments creates the potential for excess gains or losses in a hedging strategy, thus adding risk to the position.

2. Mispricing Risk, or improper valuation — market circumstances may necessitate unwinding the derivative positions at sub-optimal prices during periods of market dislocation triggered by contagion or tumult e.g. if the expected upward trajectory of yields reverses course and begins to spiral downward, most participants with short Interest Rate Futures positions are likely to seek an unwinding, leading to a potential amplification in the adverse price movement, and impact therefrom.

3. Correlation weakening, and consequent risk of regulatory breach — SEBI regulation mandates a minimum correlation criteria of 0.9 (calculated on a 90 day basis) between the portfolio being hedged and the derivative serving as the hedge; in cases where this limit is breached (i.e. when the 90-day correlation falls below 0.9), a rebalancing period of 5 working days has been permitted.

Inability to satisfy this requirement within the stipulated period due to difficulties in re-balancing would lead to a lapse of the exemption in gross exposure computation. The entire derivative exposure would then need to be included in gross exposure, which may result in gross exposure in excess of 100% of net asset value; leverage is not permitted as per SEBI guidelines.

22

The following shall be added under “Section IV. B” titled as “Risk Management Strategies” of the SID:

RISK MITIGATION FACTORS:

Risks Associated With Overseas Investments

The portfolio is predominantly in INR denominated securities. Should there be investments in ADRs/GDRs of Indian companies or foreign securities, the investment process of the fund manager will ensure that a comprehensive company specific due diligence is performed.

Risk associated with Investments in REITs and InvITs

The Investment Manager endeavours to invest in REITS/InvITs, where adequate due diligence and research has been performed by the Investment Manager. The Investment Manager also relies on its own research as well as third party research. This involves one-to-one meetings with the managements, attending conferences and analyst meets and also tele-conferences. The analysis will focus, amongst others, on the predictability and strength of cash flows, value of assets, capital structure, business prospects, policy environment, strength of management, responsiveness to business conditions, etc.

6. Investment Restrictions

Refer existing disclosure in the SID under “Section V.I” titled “What are the Investment Restrictions”

The following shall be added under “Section V.I” titled “What are the Investment Restrictions” in the SID:

• The Mutual Fund under all its schemes shall not invest more than 10% of units issued by a single issuer of REIT and InvIT.

• The Scheme shall not invest: more than 10% of its NAV in the units of REITs and InvITs; and

more than 5% of its NAV in the units of REITs and InvITs issued by a single issuer.

7. Who will manage the Scheme?

Mr. Harish Zaveri Mr. Harish Zaveri

Mr. Jay Kothari(Dedicated Fund manager for overseas investment)

8. NAV as on June 29, 2018 (in Rs.)

DSP BlackRock Top 100 Equity Fund – Regular Plan - Dividend - 21.196DSP BlackRock Top 100 Equity Fund - Direct Plan – Dividend - 23.152DSP BlackRock Top 100 Equity Fund – Regular Plan– Growth - 198.389DSP BlackRock Top 100 Equity Fund – Direct Plan - Growth - 205.300

9. No. of folios as on June 30, 2018

Direct Plan: 14954Regular Plan: 151110

10. AUM as on June 30, 2018 (in crores)

Direct Plan: 464.67Regular Plan: 2371.42

Apart from above, there will be no change in any other features of the Scheme.

EXIT OPTION

As the above proposal is a change in Fundamental Attributes of the Scheme, in accordance with Regulation 18(15A) of the SEBI (Mutual Funds) Regulations, 1996, the existing unitholders under the Scheme are hereby given an option to exit, i.e. either redeem their investments or switch their investments to any other scheme of the Fund, within the 30 days exit period starting from July 14, 2018 till August 13, 2018 (both days inclusive and upto 3.00 pm on August 13, 2018) at applicable NAV, without payment of any exit load, by filing up the requisite transaction slip and submitting the same at any of our designated Official Points of Acceptance (list available on www.dspblackrock.com). If

23

you have no objection to the proposed change, no action needs to be taken and it would be deemed that you have consented to the above change. The offer to exit from the Scheme is optional, at the discretion of the Unit Holder, and not compulsory. The Scheme will adopt the proposed change with effect from August 14, 2018.

Thus, all the applications for redemptions/switch-outs received under the Scheme shall be processed at applicable NAV of the day of receipt of such redemption / switch request, without payment of any exit load, provided the same is received during the exit period of 30 days mentioned above.

Unit Holders who have pledged their units will need to procure a release of pledge prior to submitting their redemption request. In case a lien is marked on units held by a unit holder or units have been frozen/locked pursuant to an order of a governmental authority or a court, redemption/switch-out can be executed only after the lien/order is vacated/revoked within the period specified above.

Unitholders should ensure that their change in address or pay-out bank details are updated in records of DSP BlackRock Mutual Fund as required by them, prior to exercising the exit option for redemption of units.

The redemption proceeds shall be dispatched within 10 business days of receipt of valid redemption request to those unitholders who choose to exercise the exit option.

TAX IMPLICATIONS

Redemption / switch-out of units from the Scheme, during the exit period, may entail capital gain/loss in the hands of the unitholder. Similarly, in case of NRI investors, TDS shall be deducted in accordance with the applicable Tax laws, upon exercise of exit option and the same would be required to be borne by such investor only. In view of individual nature of tax implications, unitholders are advised to consult their tax advisors. For details on Tax implications, please refer to SID of the Scheme and Statement of Additional Information available on our website www.dspblackrock.com.

We look forward to your continued support.

Yours sincerely,

For and on behalf of

DSP BlackRock Trustee Company Pvt. Ltd.

Sd/-

Director

Left Intentionally Blank.

ADDENDUM

This addendum sets out the changes to be made in the Scheme Information Document (‘SID’) of the below mentioned schemes of DSP Mutual Fund (‘Fund’), pursuant to the resolution passed by DSP Trustee Pvt. Ltd., Trustee to the Fund.

• DSP Equity Savings Fund (‘DSPESF’)

• DSP Regular Savings Fund (‘DSPRSF’)

CHANGE IN FUND MANAGERS OF CERTAIN SCHEMES OF THE FUND W.E.F AUGUST 20, 2018 1. Changes to SID of DSPESF


Fund Manager


Gopal Agrawal – Equity Portion

45 years -- Bachelor of Engineering and Masters in Business and Management

Over 20 Years of experience From July 23, 2018 till date - DSP Investment Managers Private Limited – Head of Macro Strategy & Senior Fund Manager – Equity Investments From April, 2017 to July 16, 2018 TATA Asset Management Limited - CIO-Equities From October, 2007 to March , 2017 - Mirae Asset Global Investments (India) Pvt. Ltd – CIO and Chief Investment Strategist From June, 2004 to September, 2007 with SBI Fund Management Pvt Ltd. - Fund Manager

Equity Portion - DSP Regular Savings Fund.

Mr. Saurabh Bhatia – Debt Portion

39 years 5 Months PGDBM - Finance Over 16 years of experience in Fixed Income Market as detailed under: From January, 2018 onwards: Fund Manager, VP, Fixed Income From July 2017 – December 2017 – VP, Fixed Income June 2015 - July 2017 ICICI Bank Ltd.- AGM Proprietary Trading Group Feb 2009 – Jun 2015 - HSBC Asset Management (India) Private Ltd. – Vice President - Fixed Income November 2005 – February 2009 - Sahara India Financial Corporation Ltd. Chief Dealer – Fixed Income April 2004 – October 2005 - Tower Capital And Securities Pvt. Ltd. - Dealer – Fixed Income June 2003 – March 2004 - Chandrakala Money And Capital Management Ltd. – Dealer - Fixed Income October 2001 - May 2003 -

Co – Fund Manager of DSP Bond Fund, DSP Short Term Fund , DSP Strategic Bond Fund, DSP Banking & PSU Debt Fund, DSP Dynamic Asset Allocation Fund and DSP Government Securities Fund.

Birla Sun Life Securities Ltd. – Graduate Trainee

Mr. Jay Kothari - Dedicated fund manager for overseas investments

37 years 5 Months Bachelor in

Management

Studies (BMS)

Mumbai University

MBA

(Finance) -Mumbai

University

Over 14 years of experience as detailed under: From 2010 to present – Vice President in Equity Investments and a Product Strategist at DSPIMDSPIMDSPIM From 2005 to 2010 – Mumbai Banking Sales Head at DSPIMDSPIMDSPIM From 2002 to 2003 - Priority Banking division at Standard Chartered Bank.

Fund Manager for DSP World Agriculture Fund, DSP World Mining Fund, DSP World Energy Fund and DSP World Gold Fund Co-Fund Manager for DSP Small Cap Fund, DSP US Flexible* Equity Fund, DSP Focus Fund, DSP India T.I.G.E.R. Fund (The Infrastructure Growth and Economic Reforms Fund), DSP Regular Savings Fund, DSP Equity Opportunities Fund, DSP Global Allocation Fund, DSP Natural Resources and New Energy Fund, DSP Midcap Fund, DSP Top 100 Equity Fund

*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.

2. Changes to SID of DSPRSF


Fund Manager



45 years

-- Bachelor of Engineering and Masters in Business and Management


Equity Portion - DSP Equity Savings Fund.

Mr. Vikram Chopra - Debt Portion

39 years

2 year 1 month B.Com. (HONS) PGDM (MBA)

Over 17 years of experience From July 2016 till date – Fund Manager - DSPIM From November 2012 – May 2016 – Fund Manager, L&T Mutual Fund From June 2006– November 2012 – Fund Manager, Fidelity Mutual Fund From August 2002 – June 2006 – Manager - IDBI Bank From June 2001 – August 2002 – Manager - Axis Bank

Co – Fund Manager of DSP Strategic Bond Fund, DSP Government Securities Fund, DSP 10Y G-Sec Fund, DSP Equity & Bond Fund and DSP Banking PSU Debt Fund.

Mr. Jay

Kothari -

Dedicated

Fund

Manager

for

overseas

investments

37 years

5 Months Bachelor in Management Studies (BMS) Mumbai University MBA (Finance) - Mumbai University

Over 14 years of experience as detailed under: From 2010 to Present – Vice President in Equity Investments and a Product Strategist at DSPIM From 2005 to 2010 – Mumbai Banking Sales Head at DSPIM From 2002 to 2003 - Priority Banking division at Standard Chartered Bank.

DSP World Mining Fund, DSP World Agriculture Fund, DSP World Energy Fund, DSP World Gold Fund, Co-Fund Manager for DSP Small Cap Fund, DSP Focus Fund, DSP US Flexible* Equity Fund, DSP Global Allocation Fund, DSP Equity Savings Fund, DSP Equity Opportunities Fund, DSP Natural Resources and New Energy Fund, DSP India T.I.G.E.R. Fund (The Infrastructure Growth and Economic Reforms Fund) and DSP MidCap Fund, DSP Top 100 Equity Fund


The above mentioned change shall override the conflicting provisions, if any, and shall form an integral part of SID of the above mentioned schemes. All the other provisions of the SID of the schemes except as specifically modified herein above remain unchanged.

FOR DSP TRUSTEE PVT. LTD. TRUSTEE: DSP MUTUAL FUND

Place : Mumbai

Sd/-

Sd/- Date : August 17, 2018 Shitin Desai

Chairman S. S. N. Moorthy Director

NOTICE

NOTICE is hereby given that DSP BlackRock Trustee Company Private Limited, the Trustee to DSP BlackRock Mutual Fund (‘Fund’) has approved the following changes to be carried out in the Scheme Information Document (‘SID’), Key Information Memorandum (‘KIM’) of DSP BlackRock Money Manager Fund and Combined KIM of various schemes of the Fund.Change in name of below mentioned scheme with effect from August 16, 2018:Existing Name Modified NameDSP BlackRock Money Manager Fund DSP BlackRock Ultra Short Fund

Further, we refer to our notice dated July 9, 2018 regarding change in controlling interest of DSP BlackRock Investment Managers Pvt. Ltd. and other related changes. In this regard, investors are requested to note that subject to receipt of relevant regulatory approvals, words “DSP BlackRock” will be replaced with “DSP” in the name of the schemes.All other terms and conditions of the SID, Statement of Additional Information and KIM shall remain unchanged.Prior to making investments, investors are requested to carefully read the relevant addenda to the SID, KIM and Combined KIM of the schemes of the Fund.

Any queries/clarifications in this regard may be addressed to: DSP BlackRock Investment Managers Pvt. Ltd.

CIN: U74140MH1996PTC099483Investment Manager for DSP BlackRock Mutual Fund

Mafatlal Centre, 10th Floor, Nariman Point, Mumbai - 400 021.Tel. No.: 91-22 66578000, Fax No.: 91-22 66578181Toll Free No: 1800 200 4499, www.dspblackrock.com

Place: MumbaiDate: August 9, 2018


ADDENDUM

This addendum sets out the changes to be made in the Key Information Memorandum (KIM) of the below mentioned schemes of DSP Mutual Fund (Fund) and Combined KIM (CKIM), pursuant to the resolution passed by DSP Trustee Pvt. Ltd., Trustee to the Fund.

• DSP Top 100 Equity Fund (‘DSPTEF’)

• DSP Focus Fund (‘DSPFF’)

• DSP Dual Advantage Fund – Series 49 – 42M (‘DSPDAF – S49-42M’) CHANGE IN FUND MANAGERS OF BELOW SCHEMES OF THE FUND W.E.F October 1, 2018 In light of the above, following changes will be carried out in the KIM and CKIM of the Fund:

1. With respect to DSPTEF, details in the row pertaining to the ‘Name of the Fund Manager’ shall be replaced with the following: Mr. Gopal Agrawal, 45 Years; Tenure: Nil (Managing the Scheme from October 2018.) Mr. Jay Kothari (Dedicated Fund Manager for overseas Investments), 37 years; Tenure: 1 month (Managing the scheme with from August 2018)

2. With respect to DSPFF, details in the row pertaining to the ‘Name of the Fund Manager’ shall replace with the following: Mr. Gopal Agrawal, 45 Years; Tenure: Nil (Managing the Scheme from October 2018.) Mr. Jay Kothari (Dedicated Fund Manager for overseas Investments) – 37 years; Tenure: 5 Years, 6 months (Managing the scheme with from March 2013)

3. With respect to DSPDAF – S49-42M, details in the row pertaining to the ‘Name of the Fund Manager’ shall be replaced with the following: Mr. Laukik Bagwe (Fixed Income Portion) – 41 years (Tenure: 2 years 1 month – Managing the Scheme since July 2016) Mr. Pankaj Sharma (Fixed Income Portion) – 48 years (Tenure 2 years 1 month – Managing the Scheme since July 2016) Mr. M. Suryanarayan (Equity Portion) – 31 years (Tenure – Nil)

The above mentioned change shall override the conflicting provisions, if any, and shall form an integral part of KIM and CKIM of the schemes of the Fund. All the other provisions of the KIM and CKIM except as specifically modified herein above remain unchanged.


Place : Mumbai

Sd/-

Sd/-

Date : September 27, 2018 Shitin Desai Chairman

S.S.N. Moorthy Director

ADDENDUM This addendum sets out the changes to be made in the Scheme Information Document (‘SID’) of the below mentioned schemes of DSP Mutual Fund (‘Fund’), pursuant to the resolution passed by DSP Trustee Pvt. Ltd., Trustee to the Fund.

• DSP Top 100 Equity Fund (‘DSPTEF’)

• DSP Focus Fund (‘DSPFF’)

• DSP Dual Advantage Fund – Series 49 – 42M (‘DSPDAF – S49-42M’)

CHANGE IN FUND MANAGERS OF CERTAIN SCHEMES OF THE FUND W.E.F OCTOBER 1, 2018 1. Changes to SID of DSPTEF


Fund Manager




Over 20 Years of experience From July 23, 2018 till date - DSP Investment Managers Private Limited – Head of Macro Strategy & Senior Fund Manager – Equity Investments From April, 2017 to July 16, 2018 TATA Asset Management Limited - CIO-Equities From October, 2007 to March , 2017 - Mirae Asset Global Investments (India) Pvt. Ltd – CIO and Chief Investment Strategist From June, 2004 to September, 2007 with SBI Fund Management Pvt. Ltd. - Fund Manager

DSP Focus Fund, Equity Portion - DSP Regular Savings Fund and DSP Equity Savings Fund

Mr. Jay Kothari - Dedicated fund manager for overseas investments

37 years 5 Months Bachelor in

Management

Studies (BMS)

Mumbai University

MBA

(Finance) -Mumbai

University

Over 14 years of experience as detailed under: From 2010 to present – Vice President in Equity Investments and a Product Strategist at DSPIMDSPIMDSPIM From 2005 to 2010 – Mumbai Banking Sales Head at DSPIMDSPIMDSPIM From 2002 to 2003 - Priority Banking division at Standard Chartered Bank.

Fund Manager for DSP World Agriculture Fund, DSP World Mining Fund, DSP World Energy Fund and DSP World Gold Fund Co-Fund Manager for DSP Small Cap Fund, DSP US Flexible* Equity Fund, DSP Focus Fund, DSP India T.I.G.E.R. Fund (The Infrastructure Growth and Economic Reforms Fund), DSP Regular Savings Fund, DSP Equity Opportunities Fund, DSP Global Allocation Fund, DSP Natural Resources and New Energy Fund, DSP Midcap Fund, DSP Top 100 Equity Fund


2. Changes to SID of DSPFF


Fund Manager





DSP Top 100 Equity Fund, Equity Portion - DSP Regular Savings Fund and DSP Equity Savings Fund

Mr. Jay

Kothari -

Dedicated

Fund

Manager for

overseas

investments

37 years

5 Years, 6 months

Bachelor in Management Studies (BMS) Mumbai University MBA (Finance) - Mumbai University

Over 14 years of experience as detailed under: From 2010 to Present – Vice President in Equity Investments and a Product Strategist at DSPIM From 2005 to 2010 – Mumbai Banking Sales Head at DSPIM From 2002 to 2003 - Priority Banking division at Standard Chartered Bank.

DSP World Mining Fund, DSP World Agriculture Fund, DSP World Energy Fund, DSP World Gold Fund, Co-Fund Manager for DSP Small Cap Fund, DSP Focus Fund, DSP US Flexible* Equity Fund, DSP Global Allocation Fund, DSP Equity Savings Fund, DSP Equity Opportunities Fund, DSP Natural Resources and New Energy Fund, DSP India T.I.G.E.R. Fund (The Infrastructure Growth and Economic Reforms Fund) and DSP MidCap Fund, DSP Top 100 Equity Fund


3. Changes to SID of DSPDAF – S49-42M


Fund

Manager

Age Tenure Qualifications Brief Experience Other Scheme managed

Mr. Laukik Bagwe

41 years 2 Years 1

Month

B.Com., PGDBA

(Finance)

Over 16 years of experience in Fixed Income Market as detailed under: From November 2007 to Current: Vice President - DSPIM. From November 2003 to October 2007 – Derivium Capital & Securities Pvt. Ltd. – Head Fixed Income Trading – SLR & NONSLR Broking. From June 2000 to October 2003 – Birla Sunlife Securities Ltd. – Manager - SLR & NONSLR Broking.

Co – Fund Manager of DSP US Flexible* Equity Fund, DSP Credit Risk Fund and DSP Global Allocation Fund, All existing DSP Dual Advantage Funds, All existing DSP Fixed Maturity Plans and Fixed Term Plans.

Mr. Pankaj Sharma

48 years 2 Years 1

Month

B.E. (Comp.

Engg.),

PGDBM (XLRI,

Jamshedpur)

Over 24 years of experience as detailed under: Jun 15, 2016 onwards: DSP as Head of Fixed Income Jan-07 till Jun 14, 2016: DSP as Head Risk Management & Business Development Jan-05 to Dec-06: DSP as Head Risk Management & New Products Jun-03 to Dec-04: DSP as Risk Manager Jun-02 to May-03: Infosys Technologies as Head of Pre-Sales and Product Evangelist for Treasury Product Apr-93 to Apr-02: Citibank as Division Market Risk and Treasury Products Manager for Latin America

Co – Fund Manager of DSP Bond Fund, DSP Credit Risk Fund, All existing DSP Dual Advantage Funds, All existing DSP Fixed Maturity Plans and Fixed Term Plans

Mr. M.

Suryanarayan

31 Years -- B.E., PGDM Over 9 years of experience as detailed under: February 2014 till date: DSPIM – Vice President, Equity Investments July 2011 – January 2014 – DSPIM – Associate Vice President, Product Management May 2009 – July 2011 - Anand Rathi Financial Services Ltd – Associate Vice President, Wealth Management Products May 2008 – Apr 2009 - Anand Rathi Financial Services Ltd – Associate, Wealth Management Sales

DSP A.C.E. Fund (Analyst’s Conviction Equalized) – Series 1, DSP A.C.E. Fund (Analyst’s Conviction Equalized) – Series 2, DSP Arbitrage Fund and DSP 3 Years Close Ended Equity Fund (Maturity Date January 4, 2021), Equity Portion of existing DSP Dual Advantage Funds




Place : Mumbai

Sd/-

Sd/- Date : September 27, 2018 Shitin

Desai Chairman

S. S. N. Moorthy Director

ADDENDUM






• DSP Arbitrage Fund (‘DSPAF’) CHANGE IN FUND MANAGERS OF BELOW SCHEMES OF THE FUND W.E.F September 1, 2018 In light of the above, following changes will be carried out in the KIM and CKIM of the Fund:

1. With respect to DSPDAF – S39-36M and DSPDAF – S44-39M, details in the row pertaining to the ‘Name of the Fund Manager’ shall be replaced with the following: Mr. Laukik Bagwe (Fixed Income Portion) – 41 years (Tenure: 2 years 1 month – Managing the Scheme since July 2016) Mr. Pankaj Sharma (Fixed Income Portion) – 48 years (Tenure 2 years 1 month – Managing the Scheme since July 2016) Mr. M. Suryanarayan (Equity Portion) – 31 years (Tenure – Nil)

2. With respect to DSPDAF – S45-38M and DSPDAF – S46-36M, details in the row pertaining to the ‘Name of the Fund Manager’ shall be replaced with the following: Mr. Pankaj Sharma (Fixed Income Portion) – 48 years (Tenure 2 years 1 month – Managing the Scheme since July 2016) Mr. Laukik Bagwe (Fixed Income Portion) – 41 years (Tenure: 2 years 1 month – Managing the Scheme since July 2016) Mr. M. Suryanarayan (Equity Portion) – 31 years (Tenure – Nil)

3. With respect to DSPAF, details in the row pertaining to the ‘Name of the Fund Manager’ shall replace

with the following: Mr. M. Suryanarayan - Equity Portion (Tenure – Nil) Mr. Rahul Vekaria - Debt Portion (Tenure: 8 months - Managing Since January 2018)


FOR DSP TRUSTEE PVT. LTD. TRUSTEE : DSP MUTUAL FUND

Place : Mumbai

Sd/-

Sd/-

Date : August 29, 2018 Shitin Desai Chairman


ADDENDUM

This addendum sets out the changes to be made in the Scheme Information Document (‘SID’) of the below mentioned schemes of DSP Mutual Fund (‘Fund’), pursuant to the resolution passed by DSP Trustee Pvt. Ltd., Trustee to the Fund.

• DSP Bond Fund (‘DSPBF’)

• Debt portion of all existing DSP Dual Advantage Funds (DAFs)

• All Existing DSP Fixed Maturity Plans (FMPs) and DSP Fixed Term Plans (FTPs)

• DSP Credit Risk Fund (‘DSPCRF’) CHANGE IN FUND MANAGERS OF CERTAIN SCHEMES OF THE FUND W.E.F MARCH 1, 2019 1. Changes to SID of DSPBF


Fund

Manager

Age Tenure Qualificati

ons

Brief Experience Other Scheme managed

Mr.

Saurabh

Bhatia

40 years 1 year PGDBM -

Finance

Over 16 years of experience as detailed under: From January, 2018 onwards: Fund Manager, VP, Fixed Income, DSPIM From July 2017 – December 2017 – VP, Fixed Income, DSPIM June 2015 - July 2017 ICICI Bank Ltd.- AGM Proprietary Trading Group Feb 2009 – Jun 2015 - HSBC Asset Management (India) Private Ltd. – Vice President - Fixed Income November 2005 – February 2009 - Sahara India Financial Corporation Ltd. Chief Dealer – Fixed Income April 2004 – October 2005 - Tower Capital And Securities Pvt. Ltd. - Dealer – Fixed Income June 2003 – March 2004 - Chandrakala Money And Capital Management Ltd. – Dealer - Fixed Income October 2001 - May 2003 - Birla Sun Life Securities Ltd. – Graduate Trainee

Co – Fund Manager of DSP

Banking & PSU Debt Fund,

DSP Short Term Fund, DSP

Dynamic Asset Allocation

Fund, DSP Corporate Bond

Fund, DSP Strategic Bond

Fund, DSP Government

Securities Fund, DSP Credit

Risk Fund and Debt Portion

of DSP Equity Savings Fund.

2. Changes to SID of all existing DSP DAFs


Fund

Manager

Age Tenure Qualifications Brief Experience Other Scheme managed

Mr. Laukik

Bagwe

(Debt

Portion)

41 years

-- B.Com., PGDBA

(Finance)

Over 16 years of experience in Fixed Income Market as detailed under: From November 2007 to Current: Vice President - DSPIM. From November 2003 to October 2007 – Derivium Capital & Securities Pvt. Ltd. – Head Fixed Income Trading – SLR & NONSLR Broking. From June 2000 to October 2003 – Birla Sunlife Securities Ltd. – Manager - SLR & NONSLR Broking.

All existing DSP Fixed Maturity Plans and DSP Fixed Term Plans, Co – Fund Manager of DSP US Flexible* Equity Fund, DSP Credit Risk Fund, DSP Global Allocation Fund and All existing DSP Dual Advantage Funds.

Mr. M.

Suryanaray

an (Equity

portion)

31 Years

-- B.E., PGDM Over 9 years of experience as detailed under: February 2014 till date: DSPIM – Vice President, Equity Investments July 2011 – January 2014 – DSPIM – Associate Vice President, Product Management May 2009 – July 2011 - Anand Rathi Financial Services Ltd – Associate Vice President, Wealth Management Products May 2008 – Apr 2009 - Anand Rathi Financial Services Ltd – Associate, Wealth Management Sales

DSP A.C.E. Fund (Analyst’s Conviction Equalized) – Series 1, DSP A.C.E. Fund (Analyst’s Conviction Equalized) – Series 2, and DSP 3 Years Close Ended Equity Fund (Maturity Date January 4, 2021), Co Fund Manager - DSP Arbitrage Fund.


3. Changes to SID of all existing DSP FMPs


Fund Manager

Age Tenure Qualifications Brief Experience

Other schemes managed

Mr. Laukik

Bagwe

(Debt Portion)

41 years -- B.Com., PGDBA

(Finance)

Over 16 years of experience in Fixed Income Market as detailed under: From November 2007 to Current: Vice President - DSPIM. From November 2003 to October 2007 – Derivium Capital & Securities Pvt. Ltd. – Head Fixed Income Trading – SLR & NONSLR Broking.

From June 2000 to October 2003 – Birla Sunlife Securities Ltd. – Manager - SLR & NONSLR Broking.



3. Changes to SID of DSPCRF


Fund

Manager

Age Tenure Qualifications Brief Experience Other Scheme

managed

Mr. Saurabh

Bhatia

40 years -- PGDBM -

Finance

Over 16 years of experience as detailed under: From January, 2018 onwards: Fund Manager, VP, Fixed Income, DSPIM From July 2017 – December 2017 – VP, Fixed Income, DSPIM June 2015 - July 2017 ICICI Bank Ltd.- AGM Proprietary Trading Group Feb 2009 – Jun 2015 - HSBC Asset Management (India) Private Ltd. – Vice President - Fixed Income November 2005 – February 2009 - Sahara India Financial Corporation Ltd. Chief Dealer – Fixed Income April 2004 – October 2005 - Tower Capital And Securities Pvt. Ltd. - Dealer – Fixed Income

DSP Bond Fund, Co –

Fund Manager of DSP

Banking & PSU Debt

Fund, DSP Short Term

Fund, DSP Dynamic Asset

Allocation Fund, DSP

Corporate Bond Fund,

DSP Strategic Bond Fund,

DSP Government

Securities Fund and Debt

Portion of DSP Equity

Savings Fund.

Fund

Manager

Age Tenure Qualifications Brief Experience Other Scheme

managed

June 2003 – March 2004 - Chandrakala Money And Capital Management Ltd. – Dealer - Fixed Income October 2001 - May 2003 - Birla Sun Life Securities Ltd. – Graduate Trainee

Mr. Laukik

Bagwe

41 years 2 Years 7

Months

B.Com., PGDBA

(Finance)

Over 16 years of experience in

Fixed Income Market as

detailed under:

From November 2007 to

Current: Vice President -

DSPBRIM.

From November 2003 to

October 2007 – Derivium

Capital & Securities Pvt. Ltd. –

Head Fixed Income

Trading – SLR & NONSLR

Broking.

From June 2000 to October

2003 – Birla Sunlife

Securities Ltd. – Manager - SLR

& NONSLR Broking.





Place : Mumbai

Sd/-

Sd/- Date : February 25, 2019 Shitin Desai

Chairman S. S. N. Moorthy Director

ADDENDUM


• DSP Bond Fund (‘DSPBF’)

• Debt portion of all existing DSP Dual Advantage Funds (DAFs)

• All Existing DSP Fixed Maturity Plans (FMPs)

• DSP Credit Risk Fund (‘DSPCRF’) CHANGE IN FUND MANAGERS OF BELOW SCHEMES OF THE FUND W.E.F March 1, 2019 In light of the above, following changes will be carried out in the KIM and CKIM of the Fund:

1. With respect to DSPBF, details in the row pertaining to the ‘Name of the Fund Manager’ shall be replaced with the following: Mr. Saurabh Bhatia, 40 Years; Tenure: 1 Year (Managing the Scheme from February 2018.)

2. With respect to all existing DAFs, details in the row pertaining to the ‘Name of the Fund Manager’ shall be replaced with the following: Mr. Laukik Bagwe (Debt Portion), 41 Years; Tenure: -- Mr. M. Suryanarayan (Equity portion) 31 years; Tenure: --

3. With respect to all existing FMPs, details in the row pertaining to the ‘Name of the Fund Manager’ shall be replaced with the following: Mr. Laukik Bagwe – 41 years: Tenure: --

4. With respect to DSPCRF, details in the row pertaining to the ‘Name of the Fund Manager’ shall be replaced with the following: Mr. Saurabh Bhatia, 40 Years; Tenure: Nil Mr. Laukik Bagwe – 41 years: Tenure: 2 Years 7 Months (Managing the scheme from July 2016)



Place : Mumbai

Sd/-

Sd/-

Date : February 25, 2019 Shitin Desai Chairman


ADDENDUM

This addendum sets out the following change to be made in the Key Information Memorandum (‘KIM’) and Combined KIM of following schemes of DSP Mutual Fund (‘Fund’), pursuant to resolution passed by the Board of DSP Trustee Pvt. Ltd., the Trustees to the Fund:

• DSP World Gold Fund

• DSP World Energy Fund

• DSP World Mining Fund

• DSP World Agriculture Fund

• DSP US Flexible^ Equity Fund

• DSP Global Allocation Fund

• DSP Natural Resources and New Energy Fund

^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. Change in exit load for aforesaid schemes of the Fund with effect from April 1, 2019: For the Scheme, the entire contents in the column ‘Exit Load’ under ‘Expenses of the Scheme’ will be replaced as ‘NIL’. The above mentioned change shall override the conflicting provisions, if any, and form an integral part of KIM and Combined KIM of the aforesaid schemes of the Fund.


Sd/- Sd/- Shitin Desai S. S. N. Moorthy Chairman Director

Date: March 26, 2019 Place: Mumbai

NOTICE

NOTICE is hereby giving regarding below mentioned changes in the features of underlying schemes of DSP World Agriculture Fund, DSP World Energy Fund and DSP Natural Resources And New Energy Fund (collectively hereinafter referred as ‘Schemes’):

Sr. No. Name of the Scheme Underlying scheme Changes in Underlying scheme1. DSP World Agriculture Fund

(DSPWAF)BlackRock Global Funds - World Agriculture Fund

Name changed to BlackRock Global Funds - Nutrition Fund

2. DSP World Energy Fund BlackRock Global Funds – New Energy Fund

BlackRock Global Funds – World Energy Fund

Name changed to BlackRock Global Funds – Sustainable Energy Fund

No change3. DSP Natural Resources And New

Energy FundBlackRock Global Funds – New Energy Fund

BlackRock Global Funds – World Energy Fund

Name changed to BlackRock Global Funds – Sustainable Energy Fund

No change Further, benchmark of DSPWAF has been changed to MSCI ACWI Net Total Return.

A detailed communication has also been sent to investors of DSPWAF.

All other terms and conditions of the Scheme Information Document (SID) and Key Information Memorandum (KIM) of the Schemes shall remain unchanged.

Prior to making investments, investor(s)/Unit Holder(s) are requested to carefully read the SID and KIM of the aforesaid schemes of the Fund available at Investor Service Centres and also available on www.dspim.com.

Any queries/clarifications in this regard may be addressed to:

DSP Investment Managers Pvt. Ltd.(Formerly known as DSP BlackRock Investment Managers Pvt. Ltd.)

CIN: U74140MH1996PTC099483Investment Manager for DSP Mutual Fund

Mafatlal Centre, 10th Floor, Nariman Point, Mumbai 400 021Tel. No.: 91-22 66578000, Fax No.: 91-22 66578181

Toll Free No: 1800 200 4499, www.dspim.comPlace: MumbaiDate: May 13, 2019


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