dsp blackrock mutual fund consolidated factsheet march 2015

Product Suitability

*Investors should consult their financial advisors if in doubt about whether the product is suitable for them. Note: Risk may be represented as:Investors understand that their principal will be at Low risk (Blue); Investors understand that their principal will be at Medium risk (Yellow); Investors understand that their principal will be at High risk (Brown)

#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.

Scheme This Scheme is suitable for investors seeking*

Open-ended Income Schemes

DSP BlackRock Bond Fund (DSPBRBF)

• Income over a long-term investment horizon• Investment in money market and debt securities• Low Risk (Blue)

DSP BlackRock Constant Maturity 10Y G-Sec Fund

• Income over a long-term investment horizon• Investment in Government Securities with weighted average

maturity of around 10 years• Low Risk (Blue)

DSP BlackRock Short Term Fund (DSPBRSTF)

• Income over a medium-term investment horizon• Investment in money market and debt securities• Low Risk (Blue)

DSP BlackRock Income Opportunities Fund (DSPBRIOF)

• Income over a medium-term investment horizon• Investment in money market and debt securities• Low Risk (Blue)

DSP BlackRock Strategic Bond Fund (DSPBRSBF)

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

and debt securities• Low Risk (Blue)

DSP BlackRock Money Manager Fund (DSPBRMMF)

• Income over a short-term investment horizon• Investment in money market and debt securities• Low Risk (Blue)

DSP BlackRock Banking & PSU Debt Fund (DSPBRBPDF)

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

banks and public sector entities/undertakings• Low Risk (Blue)

DSP BlackRock Government Securities Fund (DSPBRGF)

• Income over a long-term investment horizon• Investment in Central government securities• Low Risk (Blue)

DSP BlackRock MIP Fund# (DSPBRMIPF)

• Income and capital growth over a medium-term investment horizon

• Investment primarily in money market and debt securities, with balance exposure in equity/equity-related securities

• Medium Risk (Yellow)

DSP BlackRock Ultra Short Term Fund (DSPBRUSTF)***

• Income over a short-term investment horizon.• Investments in money market and debt securities• Low Risk (Blue)

Open-ended Liquid Scheme

DSP BlackRock Liquidity Fund (DSPBRLF)

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

maturity not exceeding 91 days• Low Risk (Blue)

Open-ended Growth Schemes

DSP BlackRock Equity Fund (DSPBREF)

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

diversified portfolio• High Risk (Brown)

DSP BlackRock Focus 25 Fund (DSPBRF25F)

• 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

• High Risk (Brown)

DSP BlackRock Micro Cap Fund (DSPBRMCF)

• Long-term capital growth• Investment in equity and equity-related securities in micro

cap companies (beyond top 300 companies by market capitalization)


DSP BlackRock Opportunities Fund (DSPBROF)

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


DSP BlackRock Top 100 Equity Fund (DSPBRTEF)

• Long-term capital growth• Investment in equity and equity-related securities of large

cap companies (top 100 companies by market capitalization)• High Risk (Brown)

Scheme This Scheme is suitable for investors seeking*

DSP BlackRock Technology.com Fund (DSPBRTF)

• Long-term capital growth• Investment in equity and equity-related securities of companies

in media, telecom and information technology sectors• High Risk (Brown)

DSP BlackRock Small and Mid Cap Fund (DSPBRSMF)

• Long-term capital growth• Investment in equity and equity-related securities in

companies beyond top 100 companies by market capitalization

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

• Long-term capital growth• Investment in equity and equity-related securities of

corporates, which could benefit from structural changes brought about by continuing liberalization in economic policies by the Government and/or from continuing investments in infrastructure, both by the public and private sector


DSP BlackRock Natural Resources and New Energy Fund (DSPBRNRNEF)

• Long-term capital growth• Investment in equity and equity-related securities of natural

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


Open-ended Balanced Scheme

DSP BlackRock Balanced Fund (DSPBRBalF)

• 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• High Risk (Brown)

Open-ended Equity Linked Savings Scheme

DSP BlackRock Tax Saver Fund (DSPBRTSF)

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


Open-ended Fund of Funds Schemes

DSP BlackRock World Gold Fund (DSPBRWGF)

• Long-term capital growth• Investment in units of overseas funds which invest primarily in

equity and equity related securities of gold mining companies• High Risk (Brown)

DSP BlackRock World Energy Fund (DSPBRWEF)

• Long-term capital growth• Investment in units of overseas funds which invest primarily

in equity and equity related securities of companies in the energy and alternative energy sectors


DSP BlackRock World Mining Fund (DSPBRWMF)


equity and equity related securities of mining companies• High Risk (Brown)

DSP BlackRock World Agriculture Fund (DSPBRWAF)

• Long-term capital growth• Investment in units of overseas funds which invest primarily

in equity and equity related securities of companies in the agriculture value chain


DSP BlackRock US Flexible^ Equity Fund (DSPBRUSFEF)


equity and equity related securities of companies domiciled in, or exercising the predominant part of their economic activity in the USA

• High Risk (Brown)DSP BlackRock Dynamic Asset Allocation Fund (DSPBRDAAF)

• Long-term capital growth• Investments in units of one or more equity mutual funds and

debt mutual funds of DSP BlackRock Mutual Fund• High Risk (Brown)

DSP BlackRock Global Allocation Fund (DSPBRGAF)

• Long-term capital growth• Investments in units of overseas funds which invest in equity,

debt and short term securities of issuers around the world• High Risk (Brown)

Open-ended Money Market Mutual Fund Scheme in Income category

DSP BlackRock Treasury Bill Fund (DSPBRTBF)

• Income over a short-term investment horizon• Investment in Treasury Bills & other Central government

securities maturing within one year• Low Risk (Blue)

*** Scheme launched during the half year ended March 31, 2015

4

DSP BlackRock Equity Fund

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

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

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

FUND MANAGERApoorva ShahTotal work experience of 26 years. Managing this Scheme since June 2006

PortfolioPortfolio

FEATURES

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

1,000/- & any amount thereafter•Optionsavailable:(RP&DP)

•Entryload:NotApplicable

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

•Growth•Dividend - Payout Dividend

- Reinvest Dividend

Sr. No.

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

% to Net Assets

EQUITY & EQUITY RELATED

Listed / awaiting listing on the stock exchanges

1 Infosys Limited Software 642,375 14,250.13 5.66%

2 HDFC Bank Limited Banks 1,306,692 13,363.54 5.31%

3 State Bank of India Banks 4,865,548 12,993.45 5.16%

4 Axis Bank Limited Banks 1,579,535 8,848.56 3.51%

5 Tata Motors Limited - A Class Auto 2,447,559 8,114.88 3.22%

6 United Spirits Limited Consumer Non Durables 215,354 7,876.14 3.13%

7 NCC Limited Construction Project 6,970,023 7,809.91 3.10%

8 Tech Mahindra Limited Software 1,222,593 7,698.67 3.06%

9 Ashok Leyland Limited Auto 10,310,427 7,557.54 3.00%

10 Hindustan Petroleum Corporation Limited Petroleum Products 1,147,302 7,455.17 2.96%

11 SKSMicrofinanceLimited Finance 1,618,195 7,410.52 2.94%

12 Bharat Petroleum Corporation Limited Petroleum Products 833,639 6,759.15 2.68%

13 SRF Limited Textile Products 634,450 6,293.74 2.50%

14 UltraTech Cement Limited Cement 212,985 6,129.50 2.43%

15 Bayer Cropscience Limited Pesticides 177,875 5,910.96 2.35%

16 IDFC Limited Finance 3,536,464 5,904.13 2.34%

17 Sadbhav Engineering Limited Construction Project 1,750,929 5,831.47 2.32%

18 KPIT Technologies Limited Software 3,063,764 5,775.20 2.29%

19 Arvind Limited Textile Products 2,144,554 5,612.30 2.23%

20 Shriram Transport Finance Company Limited Finance 467,994 5,215.09 2.07%

21 Hero MotoCorp Limited Auto 196,899 5,197.74 2.06%

22 Larsen & Toubro Limited Construction Project 272,342 4,683.33 1.86%

23 GujaratStatePetronetLimited Gas 3,636,457 4,511.02 1.79%

24 INGVysyaBankLimited Banks 441,979 4,134.93 1.64%

25 Tata Communications Limited Telecom - Services 972,952 4,105.86 1.63%

26 Bharat Forge Limited Industrial Products 311,034 3,971.44 1.58%

27 Maruti Suzuki India Limited Auto 105,368 3,895.82 1.55%

28 GujaratGasCompanyLimited Gas 513,512 3,233.84 1.28%

29 Multi Commodity Exchange of India Limited Finance 286,697 3,218.03 1.28%

30 Atul Limited Chemicals 275,774 3,121.76 1.24%

31 GodrejPropertiesLimited Construction 1,188,695 2,985.41 1.19%

32 Cipla Limited Pharmaceuticals 408,054 2,907.18 1.15%

33 LIC Housing Finance Limited Finance 613,006 2,682.51 1.07%

34 Prestige Estates Projects Limited Construction 970,964 2,604.61 1.03%

35 EID Parry India Limited Fertilisers 1,452,550 2,544.14 1.01%

36 Sobha Limited Construction 622,411 2,502.40 0.99%

37 HCL Infosystems Limited Hardware 4,714,142 2,430.14 0.96%

38 IPCA Laboratories Limited Pharmaceuticals 367,451 2,336.44 0.93%

39 Thomas Cook (India) Limited Services 957,907 1,996.76 0.79%

40 Blue Dart Express Limited Transportation 26,731 1,951.19 0.77%

41 Zee Entertainment Enterprises Limited Media & Entertainment 549,509 1,877.95 0.75%

42 Credit Analysis And Research Limited Finance 126,623 1,873.45 0.74%

43 PowerGridCorporationofIndia Limited Power 1,245,746 1,809.45 0.72%

44 HT Media Limited Media & Entertainment 1,452,279 1,807.36 0.72%

45 CromptonGreavesLimited IndustrialCapitalGoods 1,072,372 1,780.14 0.71%

46 IndusInd Bank Limited Banks 191,009 1,692.34 0.67%

47 Motherson Sumi Systems Limited Auto Ancillaries 313,770 1,615.76 0.64%

48 CMC Limited Software 81,930 1,568.88 0.62%

FERTILISERS 1.54%MEDIA & ENTERTAINMENT 1.47%ChEMICALS 1.24%hARDwARE 0.96%SERVICES 0.79%TRANSPORTATION 0.77%POwER 0.72%INDUSTRIAL CAPITAL GOODS 0.71%AUTO ANCILLARIES 0.64%TELECOM - EQUIPMENT & ACCESSORIES 0.57%hOTELS 0.13%DEBT INSTRUMENTS 0.02%CASh & EQUIVALENT 1.61%

BANkS 17.04%SOFTwARE 12.14%FINANCE 10.44%AUTO 10.33%CONSTRUCTION PROJECT 7.28%PETROLEUM PRODUCTS 5.64%TExTILE PRODUCTS 4.73%INDUSTRIAL PRODUCTS 3.33%CONSTRUCTION 3.21%CONSUMER NON DURABLES 3.13%GAS 3.07%CEMENT 2.43%PESTICIDES 2.35%PhARMACEUTICALS 2.08%TELECOM - SERVICES 1.63%

Sectoral Allocation

Notes: Total Expense Ratio (F.Y. beginning to date): IP: 1.74% RP: 2.32% DP: 1.74% Since Inception Ratios: 1. Standard Deviation: 23.24% 2. Beta: 0.85 3. R-Squared: 85.78% 4. Sharpe Ratio: 0.59 5. *Less than 0.00%

49 Sterlite Technologies Limited Industrial Products 2,845,699 1,563.71 0.62%

50 Finolex Industries Limited Industrial Products 511,224 1,450.34 0.58%

51 Astra Microwave Products Limited

Telecom - Equipment & Accessories 966,597 1,425.73 0.57%

52 Cummins India Limited Industrial Products 157,877 1,390.34 0.55%

53 Coromandel International Limited Fertilisers 500,999 1,344.93 0.53%

54 NIIT Limited Software 3,572,716 1,284.39 0.51%

55 Escorts Limited Auto 992,727 1,264.24 0.50%

56 Canara Bank Banks 267,336 983.26 0.39%

57 Oriental Bank of Commerce Banks 439,719 899.67 0.36%

58 Sterling Holiday Resorts (India) Limited Hotels 134,422 324.49 0.13%

Total 247,781.03 98.37%

Unlisted

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

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

Total - *

DEBT INSTRUMENTS

BOND & NCD's

Listed / awaiting listing on the stock exchanges

61 Blue Dart Express Limited ICRA AA 228,095 23.02 0.01%

62 Blue Dart Express Limited ICRA AA 130,340 13.25 0.01%

63 Blue Dart Express Limited ICRA AA 97,755 9.99 *

Total 46.26 0.02%

MONEY MARkET INSTRUMENTS

64 CBLO / Reverse Repo Investments 3,645.33 1.45%

Total 3,645.33 1.45%

Cash & Cash Equivalent

Cash Margin 537.05 0.21%

Net Receivables/Payables (179.43) (0.05%)

Total 357.62 0.16%

GRAND TOTAL 251,830.24 100.00%

INCEPTION DATEApril 29, 1997

TOTAL AUM AS ON March 31, 20152,518.30 Cr.

5

DSP BlackRock Top 100 Equity Fund

Portfolio

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


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

FUND MANAGERApoorva ShahTotal work experience of 26 years. Managing this Scheme since April 2006

Sectoral AllocationBANkS 24.46%SOFTwARE 15.14%AUTO 12.58%FINANCE 10.85%PETROLEUM PRODUCTS 7.43%CONSUMER NON DURABLES 5.32%CONSTRUCTION PROJECT 4.30%TRANSPORTATION 3.08%PhARMACEUTICALS 3.04%

INDUSTRIAL PRODUCTS 2.78%CEMENT 2.73%INDUSTRIAL CAPITAL GOODS 1.97%MEDIA & ENTERTAINMENT 1.62%POwER 1.60%AUTO ANCILLARIES 1.38%SERVICES 0.66%CASh & EQUIVALENT 1.06%

FEATURES


1,000/- & any amount thereafter

•Optionsavailable:(RP&DP)


- Reinvest Dividend



Notes: Total Expense Ratio (F.Y. beginning to date): IP: 1.72% RP: 2.27% DP: 1.72% Since Inception Ratios: 1. Standard Deviation: 21.90% 2. Beta: 0.85 3. R-Squared: 92.24% 4. Sharpe Ratio: 0.80

Sr. No.


% to Net Assets

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

1 HDFC Bank Limited Banks 2,561,433 26,195.78 7.42%2 State Bank of India Banks 9,401,738 25,107.34 7.11%3 Infosys Limited Software 1,096,599 24,326.40 6.89%4 Axis Bank Limited Banks 3,863,077 21,640.96 6.13%5 Tech Mahindra Limited Software 3,056,483 19,246.67 5.45%

6 Shriram Transport Finance Company Limited Finance 1,719,221 19,158.14 5.42%

7 Tata Motors Limited - A Class Auto 5,345,396 17,722.66 5.02%


9 Larsen & Toubro Limited Construction Project 883,320 15,190.01 4.30%10 United Spirits Limited Consumer Non Durables 374,834 13,708.80 3.88%11 Maruti Suzuki India Limited Auto 361,382 13,361.56 3.78%

12 Container Corporation of India Limited Transportation 686,574 10,874.65 3.08%

13 Bharat Petroleum Corporation Limited Petroleum Products 1,288,415 10,446.47 2.96%

14 IDFC Limited Finance 6,012,894 10,038.53 2.84%15 HCL Technologies Limited Software 1,010,428 9,906.24 2.80%16 UltraTech Cement Limited Cement 335,497 9,655.27 2.73%17 Hero MotoCorp Limited Auto 364,652 9,626.08 2.73%18 IndusInd Bank Limited Banks 760,504 6,738.07 1.91%19 Divi's Laboratories Limited Pharmaceuticals 370,839 6,621.14 1.87%20 Bharat Forge Limited Industrial Products 506,263 6,464.22 1.83%

21 Kotak Mahindra Bank Limited Banks 447,282 5,873.93 1.66%

22 Zee Entertainment Enterprises Limited Media & Entertainment 1,675,256 5,725.19 1.62%

23 PowerGridCorporationofIndia Limited Power 3,894,142 5,656.24 1.60%

24 Asian Paints Limited Consumer Non Durables 628,553 5,099.45 1.44%25 Bajaj Finserv Limited Finance 350,116 4,952.57 1.40%


27 Siemens Limited IndustrialCapitalGoods 308,981 4,315.69 1.22%28 LIC Housing Finance Limited Finance 962,993 4,214.06 1.19%29 Cipla Limited Pharmaceuticals 579,751 4,130.44 1.17%30 Eicher Motors Limited Auto 23,316 3,709.14 1.05%31 Cummins India Limited Industrial Products 382,644 3,369.75 0.95%32 ABB India Limited IndustrialCapitalGoods 211,349 2,663.21 0.75%33 Aditya Birla Nuvo Limited Services 139,382 2,319.18 0.66%34 Punjab National Bank Banks 554,007 799.99 0.23%

Total 349,530.12 98.94%



Total 2,871.32 0.81%

Cash & Cash EquivalentCash Margin 1,036.36 0.29%Net Receivables/Payables (206.22) (0.05%)Total 830.14 0.25%GRAND TOTAL 353,231.58 100.00%

INCEPTION DATEMar 10, 2003


6

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


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

FUND MANAGERApoorva ShahTotal work experience of 26 years. Managing this Scheme since July 2012

DSP BlackRock Opportunities Fund

Portfolio

FEATURES

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





•Growth•Dividend - Payout Dividend - Reinvest Dividend

Sectoral AllocationBANkS 22.74%SOFTwARE 9.72%PETROLEUM PRODUCTS 8.32%PhARMACEUTICALS 6.78%CONSTRUCTION PROJECT 6.75%AUTO 6.40%INDUSTRIAL PRODUCTS 5.81%CONSUMER NON DURABLES 5.11%FINANCE 4.69%GAS 4.14%AUTO ANCILLARIES 3.76%CEMENT 3.41%

CONSTRUCTION 2.14%MINERALS/MINING 1.99%INDUSTRIAL CAPITAL GOODS 1.43%NON - FERROUS METALS 0.98%ChEMICALS 0.96%TExTILE PRODUCTS 0.94%TRANSPORTATION 0.87%POwER 0.73%PESTICIDES 0.67%FERROUS METALS 0.34%CASh & EQUIVALENT 1.32%

Notes: Total Expense Ratio (F.Y. beginning to date): RP: 2.60%. DP: 2.05% Since Inception Ratios: 1. Standard Deviation: 23.32% 2. Beta: 0.91 3. R-Squared: 90.42% 4. Sharpe Ratio: 0.49

Sr. No.


% to Net Assets


1 HDFC Bank Limited Banks 418,419 4,279.17 5.70%2 Larsen & Toubro Limited Construction Project 240,750 4,140.06 5.52%3 Infosys Limited Software 157,736 3,499.14 4.66%

4 Hindustan Petroleum Corporation Limited Petroleum Products 487,856 3,170.09 4.22%


6 ICICI Bank Limited Banks 947,204 2,988.43 3.98%7 Maruti Suzuki India Limited Auto 75,582 2,794.53 3.72%8 State Bank of India Banks 1,016,972 2,715.82 3.62%9 Axis Bank Limited Banks 461,931 2,587.74 3.45%10 IndusInd Bank Limited Banks 282,167 2,500.00 3.33%11 Tech Mahindra Limited Software 393,966 2,480.80 3.30%12 United Spirits Limited Consumer Non Durables 54,024 1,975.82 2.63%


14 GujaratStatePetronetLimited Gas 1,298,030 1,610.21 2.15%15 GujaratGasCompanyLimited Gas 237,065 1,492.92 1.99%16 Coal India Limited Minerals/Mining 410,987 1,491.47 1.99%


18 UltraTech Cement Limited Cement 51,060 1,469.46 1.96%19 HCL Technologies Limited Software 134,670 1,320.30 1.76%20 IDFC Limited Finance 675,749 1,128.16 1.50%

21 Dynamatic Technologies Limited Auto Ancillaries 29,215 1,126.90 1.50%

22 Tata Motors Limited - A Class Auto 337,733 1,119.75 1.49%23 IPCA Laboratories Limited Pharmaceuticals 175,977 1,118.95 1.49%24 Britannia Industries Limited Consumer Non Durables 51,594 1,113.68 1.48%25 Union Bank of India Banks 701,693 1,098.15 1.46%26 Shree Cements Limited Cement 10,114 1,091.68 1.45%27 Siemens Limited IndustrialCapitalGoods 76,837 1,073.22 1.43%28 MBL Infrastructures Limited Construction 166,942 1,034.21 1.38%29 Cadila Healthcare Limited Pharmaceuticals 58,518 1,019.27 1.36%30 Bharat Forge Limited Industrial Products 72,698 928.24 1.24%31 NCC Limited Construction Project 821,834 920.86 1.23%

32 Torrent Pharmaceuticals Limited Pharmaceuticals 78,352 907.79 1.21%

33 Bajaj Finance Limited Finance 22,089 907.52 1.21%34 Tata Motors Limited Auto 161,991 891.27 1.19%35 Sintex Industries Limited Industrial Products 683,163 824.58 1.10%36 AIA Engineering Limited Industrial Products 64,010 801.76 1.07%37 Wim Plast Limited Industrial Products 56,060 789.89 1.05%38 Indoco Remedies Limited Pharmaceuticals 211,477 769.35 1.02%39 Asian Paints Limited Consumer Non Durables 92,343 749.18 1.00%40 Sesa Sterlite Limited Non - Ferrous Metals 386,920 733.21 0.98%41 Tata Chemicals Limited Chemicals 163,000 722.99 0.96%42 Arvind Limited Textile Products 270,055 706.73 0.94%

43 Sun Pharmaceuticals Industries Limited Pharmaceuticals 68,465 701.01 0.93%

44 Bank of Baroda Banks 406,438 664.53 0.89%45 Finolex Industries Limited Industrial Products 230,614 654.25 0.87%46 GujaratPipavavPortLimited Transportation 268,689 650.36 0.87%47 Strides Arcolab Limited Pharmaceuticals 48,686 574.91 0.77%48 Somany Ceramics Limited Construction 142,751 572.36 0.76%49 CESC Limited Power 90,804 548.32 0.73%50 Bayer Cropscience Limited Pesticides 15,100 501.79 0.67%51 Cummins India Limited Industrial Products 41,028 361.31 0.48%52 Maharashtra Seamless Limited Ferrous Metals 128,974 254.27 0.34%

53 State Bank of Bikaner and Jaipur Banks 39,058 231.26 0.31%

Total 74,064.76 98.68%


54 CBLO / Reverse Repo Investments 699.10 0.93%

Total 699.10 0.93%

Cash & Cash EquivalentCash Margin 203.92 0.27%Net Receivables/Payables 99.86 0.12%Total 303.78 0.39%GRAND TOTAL 75,067.64 100.00%

INCEPTION DATEMay 16, 2000

TOTAL AUM AS ON March 31, 2015750.68 Cr.

7

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

Portfolio

(The Infrastructure Growth and Economic Reforms Fund)

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


ASSET ALLOCATIONEquity and Equity related securities - 90% - 100% Debt, Securitised Debt and Money market securities - 0% - 10% ADR,GDRandForeignsecurities- 0% - 25%

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

FEATURES



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

- Reinvest Dividend


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

Sr. No.


% to Net Assets


1 Larsen & Toubro Limited Construction Project 723,965 12,449.66 7.55%2 ICICI Bank Limited Banks 2,326,872 7,341.28 4.45%3 HDFC Bank Limited Banks 709,203 7,253.02 4.40%


5 Axis Bank Limited Banks 1,251,323 7,009.91 4.25%6 Sadbhav Engineering Limited Construction Project 1,792,061 5,968.46 3.62%7 Ashoka Buildcon Limited Construction Project 3,037,690 5,341.78 3.24%8 State Bank of India Banks 1,923,600 5,136.97 3.12%9 MBL Infrastructures Limited Construction 712,555 4,414.28 2.68%10 J.Kumar Infraprojects Limited Construction 632,797 4,322.32 2.62%


12 NCC Limited Construction Project 3,640,134 4,078.77 2.47%13 Alstom T&D India Limited IndustrialCapitalGoods 694,259 4,060.03 2.46%14 LIC Housing Finance Limited Finance 926,706 4,055.27 2.46%

15 Kalpataru Power Transmission Limited Power 1,567,124 3,439.05 2.09%

16 CromptonGreavesLimited IndustrialCapitalGoods 1,913,655 3,176.67 1.93%17 GrasimIndustriesLimited Cement 87,416 3,166.51 1.92%18 Bharat Electronics Limited IndustrialCapitalGoods 94,478 3,165.49 1.92%19 ACC Limited Cement 197,030 3,079.09 1.87%20 Bank of Baroda Banks 1,865,963 3,050.85 1.85%21 UltraTech Cement Limited Cement 102,502 2,949.91 1.79%22 Coal India Limited Minerals/Mining 805,862 2,924.47 1.77%23 CESC Limited Power 462,743 2,794.27 1.70%24 NTPC Limited Power 1,836,927 2,697.53 1.64%25 IndusInd Bank Limited Banks 293,463 2,600.08 1.58%


27 GujaratPipavavPortLimited Transportation 960,504 2,324.90 1.41%


29 Astral Poly Technik Limited Industrial Products 472,671 2,116.86 1.28%

30 Adani Ports and Special Economic Zone Limited Transportation 673,480 2,075.67 1.26%

31 Finolex Cables Limited Industrial Products 717,463 2,042.98 1.24%32 Solar Industries India Limited Chemicals 60,032 2,042.62 1.24%


34 GujaratGasCompanyLimited Gas 317,312 1,998.27 1.21%35 IDFC Limited Finance 1,167,835 1,949.70 1.18%36 Union Bank of India Banks 1,226,971 1,920.21 1.17%37 Sesa Sterlite Limited Non - Ferrous Metals 960,580 1,820.30 1.10%38 GatewayDistriparksLimited Transportation 417,800 1,716.74 1.04%

39 Prestige Estates Projects Limited Construction 622,914 1,670.97 1.01%

40 Bharat Forge Limited Industrial Products 127,999 1,634.36 0.99%41 JK Lakshmi Cement Limited Cement 424,901 1,524.54 0.92%42 Oriental Bank of Commerce Banks 743,625 1,521.46 0.92%43 AIA Engineering Limited Industrial Products 115,895 1,451.64 0.88%44 Torrent Power Limited Power 883,599 1,445.13 0.88%

45 Techno Electric & Engineering Company Limited Construction Project 344,630 1,345.44 0.82%

46 IL&FS Transportation Networks Limited Transportation 684,409 1,330.15 0.81%

47 Siemens Limited IndustrialCapitalGoods 92,208 1,287.92 0.78%48 KNR Constructions Limited Construction 273,736 1,162.83 0.71%49 KSKEnergyVenturesLimited Power 1,911,215 1,146.73 0.70%50 NRB Bearing Limited Industrial Products 788,797 1,037.66 0.63%51 Max India Limited Finance 167,543 722.53 0.44%52 Jindal Saw Limited Ferrous Metals 550,575 362.00 0.22%

Total 159,973.37 97.05%

BANkS 21.74%CONSTRUCTION PROJECT 17.70%INDUSTRIAL CAPITAL GOODS 7.09%CONSTRUCTION 7.02%POwER 7.01%FINANCE 6.56%CEMENT 6.50%PETROLEUM PRODUCTS 5.83%TRANSPORTATION 5.74%

Sectoral AllocationINDUSTRIAL PRODUCTS 5.02%GAS 2.51%MINERALS/MINING 1.77%ChEMICALS 1.24%NON - FERROUS METALS 1.10%FERROUS METALS 0.22%DEBT INSTRUMENTS 0.13%CASh & EQUIVALENT 2.82%

Notes: Total Expense Ratio (F.Y. beginning to date): IP: 1.94% RP: 2.41% DP: 1.87% Since Inception Ratios: 1. Standard Deviation: 23.91% 2. Beta: 0.93 3. R-Squared: 90.73% 4. Sharpe Ratio: 0.48

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

53 NTPC Limited CRISIL AAA 1,736,927 220.92 0.13%Total 220.92 0.13%



Total 2,496.80 1.51%

Cash & Cash EquivalentCash Margin 678.55 0.41%Net Receivables/Payables 1,448.02 0.90%Total 2,126.57 1.31%GRAND TOTAL 164,817.66 100.00%

INCEPTION DATEJune 11, 2004


8

DSP BlackRock Technology.com Fund

Portfolio

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


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

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

Sectoral Allocation SOFTwARE 86.43%TRADING 3.88%MEDIA & ENTERTAINMENT 2.35%

TELECOM - SERVICES 0.34%CASh & EQUIVALENT 7.00%

FEATURES



•Optionsavailable(RP&DP)




Notes: Total Expense Ratio (F.Y. beginning to date): RP: 2.95% DP: 2.42% Since Inception Ratios: 1. Standard Deviation: 28.05% 2. Beta: 0.80 3. R-Squared: 82.99% 4. Sharpe Ratio: 0.12.

Sr. No.


% to Net Assets


1 Infosys Limited Software 127,559 2,829.71 34.35%2 Tech Mahindra Limited Software 121,696 766.32 9.30%3 HCL Technologies Limited Software 71,714 703.08 8.54%4 Mastek Limited Software 157,278 670.95 8.15%

5 Oracle Financial Services Software Limited Software 12,425 405.06 4.92%

6 Tata Consultancy Services Limited Software 15,431 394.10 4.78%

7 MindTree Limited Software 25,519 332.68 4.04%8 Redington (India) Limited Trading 243,304 319.34 3.88%9 Just Dial Limited Software 20,282 268.48 3.26%10 Zensar Technologies Limited Software 39,410 253.45 3.08%

11 Siti Cable Network Limited Media & Entertainment 521,034 193.82 2.35%

12 CMC Limited Software 7,866 150.63 1.83%13 Info Edge (India) Limited Software 16,111 135.32 1.64%

14 Accelya Kale Solutions Limited Software 14,409 134.22 1.63%

15 Cyient Limited Software 15,000 75.28 0.91%16 City Online Services Limited Telecom - Services 200,000 28.00 0.34%

Total 7,660.44 93.00%



Total 549.30 6.67%




9

DSP BlackRock Small and Mid Cap Fund

Portfolio

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


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

FUND MANAGERApoorva Shah Total work experience of 26 years. Managing this Scheme since March 2008

VinitSambreTotal work experience of 16 years. Managing this Scheme since July 2012

Sectoral Allocation CONSTRUCTION PROJECT 11.63%BANkS 9.96%FINANCE 9.80%TExTILE PRODUCTS 8.14%AUTO 5.88%GAS 4.56%AUTO ANCILLARIES 4.56%CONSTRUCTION 4.54%PETROLEUM PRODUCTS 4.48%INDUSTRIAL PRODUCTS 3.96%INDUSTRIAL CAPITAL GOODS 3.60%CEMENT 3.09%PESTICIDES 2.99%SOFTwARE 2.98%

TELECOM - SERVICES 2.26%FERTILISERS 2.20%TRANSPORTATION 1.97%hOTELS 1.85%CONSUMER NON DURABLES 1.71%ChEMICALS 1.54%hARDwARE 1.26%PhARMACEUTICALS 1.19%MEDIA & ENTERTAINMENT 1.00%SERVICES 0.72%TELECOM - EQUIPMENT & ACCESSORIES 0.70%DEBT INSTRUMENTS 0.04%CASh & EQUIVALENT 3.39%

FEATURES





•Entryload:NotApplicable•Exitload:

Holding period <18 months: 1%Holding period >=18 months: Nil

Notes: 1. Classification of % of holdings based on Market Capitalisation: Large-Cap18.87%, Mid-Cap 25.34%, Small-Cap 32.43%, Micro-Cap 19.91% 2. Total Expense Ratio (F.Y. beginning to date): RP: 2.47% DP: 1.78% Since Inception Ratios: 1. Standard Deviation: 20.86% 2. Beta: 0.82 3. R-Squared: 88.99% 4. Sharpe Ratio:0.39

Sr. No.

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

% to Net Assets


1 Ashok Leyland Limited Auto 11,582,373 8,489.88 4.66%


3 SKSMicrofinanceLimited Finance 1,748,663 8,008.00 4.40%

4 Techno Electric & Engineering Company Limited Construction Project 1,933,200 7,547.21 4.15%

5 NCC Limited Construction Project 6,605,014 7,400.92 4.07%6 State Bank of India Banks 2,689,447 7,182.17 3.95%7 Sadbhav Engineering Limited Construction Project 1,866,333 6,215.82 3.41%8 SRF Limited Textile Products 586,482 5,817.90 3.20%9 Arvind Limited Textile Products 2,125,518 5,562.48 3.06%10 Bayer Cropscience Limited Pesticides 164,053 5,451.65 2.99%11 INGVysyaBankLimited Banks 547,303 5,120.29 2.81%

12 Multi Commodity Exchange of India Limited Finance 414,569 4,653.33 2.56%


14 Exide Industries Limited Auto Ancillaries 2,482,200 4,412.11 2.42%15 Tata Communications Limited Telecom - Services 972,868 4,105.50 2.26%16 KPIT Technologies Limited Software 2,134,883 4,024.25 2.21%17 GujaratGasCompanyLimited Gas 613,013 3,860.45 2.12%18 The Federal Bank Limited Banks 2,916,916 3,851.79 2.12%19 Blue Dart Express Limited Transportation 49,084 3,582.81 1.97%

20 Sterling Holiday Resorts (India) Limited Hotels 1,392,878 3,362.41 1.85%

21 Procter&GambleHygieneand Health Care Limited Consumer Non Durables 43,172 3,119.24 1.71%

22 Prestige Estates Projects Limited Construction 1,161,193 3,114.90 1.71%

23 JK Cement Limited Cement 437,559 2,914.58 1.60%24 CromptonGreavesLimited IndustrialCapitalGoods 1,716,276 2,849.02 1.57%25 Sobha Limited Construction 695,710 2,797.10 1.54%26 Atul Limited Chemicals 247,046 2,796.56 1.54%27 EID Parry India Limited Fertilisers 1,594,635 2,793.00 1.53%28 MRF Limited Auto Ancillaries 7,132 2,763.70 1.52%29 IDFC Limited Finance 1,568,183 2,618.08 1.44%

30 Credit Analysis And Research Limited Finance 171,864 2,542.81 1.40%

31 GodrejPropertiesLimited Construction 933,890 2,345.46 1.29%32 HCL Infosystems Limited Hardware 4,447,951 2,292.92 1.26%33 Escorts Limited Auto 1,746,119 2,223.68 1.22%34 IPCA Laboratories Limited Pharmaceuticals 340,092 2,162.47 1.19%

35 Indian Terrain Fashions Limited Textile Products 319,008 1,886.13 1.04%

36 Bharat Electronics Limited IndustrialCapitalGoods 55,414 1,856.65 1.02%37 ABB India Limited IndustrialCapitalGoods 145,399 1,832.17 1.01%38 WPIL Limited Industrial Products 314,796 1,827.39 1.00%39 HT Media Limited Media & Entertainment 1,464,881 1,823.04 1.00%40 Prism Cement Limited Cement 1,616,496 1,627.00 0.89%41 Supreme Industries Limited Industrial Products 217,722 1,551.49 0.85%42 Mayur Uniquoters Ltd Textile Products 337,362 1,535.67 0.84%43 Sterlite Technologies Limited Industrial Products 2,675,533 1,470.21 0.81%44 NIIT Limited Software 3,875,276 1,393.16 0.77%45 Thomas Cook (India) Limited Services 633,000 1,319.49 0.72%


Telecom - Equipment & Accessories 861,199 1,270.27 0.70%

47 Astral Poly Technik Limited Industrial Products 283,616 1,270.17 0.70%


49 WABCO India Limited Auto Ancillaries 19,744 1,127.55 0.62%50 JK Lakshmi Cement Limited Cement 306,600 1,100.08 0.60%51 Cummins India Limited Industrial Products 124,907 1,099.99 0.60%52 Oriental Bank of Commerce Banks 494,614 1,011.98 0.56%53 Canara Bank Banks 256,334 942.80 0.52%

Total 175,756.60 96.57%


54 Blue Dart Express Limited ICRA AA 357,413 36.07 0.02%55 Blue Dart Express Limited ICRA AA 204,236 20.77 0.01%56 Blue Dart Express Limited ICRA AA 153,177 15.66 0.01%

Total 72.50 0.04%



Total 5,817.54 3.20%

Cash & Cash EquivalentCash Margin 441.74 0.24%Net Receivables/Payables (60.62) (0.05%)Total 381.12 0.19%GRAND TOTAL 182,027.76 100.00%

INCEPTION DATENov 14, 2006


10

Portfolio

DSP BlackRock Tax Saver Fund

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

FUND MANAGERApoorva Shah Total work experience of 26 years. Managing this Scheme since July 2012

Sectoral Allocation

BANkS 19.82%SOFTwARE 11.39%PhARMACEUTICALS 7.48%AUTO 6.89%FINANCE 6.81%PETROLEUM PRODUCTS 6.52%CONSUMER NON DURABLES 5.92%ChEMICALS 4.06%INDUSTRIAL PRODUCTS 3.97%CONSTRUCTION PROJECT 3.72%CONSTRUCTION 3.22%TRANSPORTATION 3.02%

TExTILE PRODUCTS 2.82%GAS 2.78%CEMENT 2.54%AUTO ANCILLARIES 2.04%FERTILISERS 1.28%POwER 1.20%TRADING 1.13%SERVICES 0.95%PESTICIDES 0.85%INDUSTRIAL CAPITAL GOODS 0.40%DEBT INSTRUMENTS 0.02%CASh & EQUIVALENT 1.17%

Note: Total Expense Ratio (F.Y. beginning to date): RP: 2.61% DP: 1.98% 3. *Less than 0.00% Since Inception Ratios: 1. Standard Deviation: 21.38% 2. Beta: 0.84 3. R-Squared: 92.62% 4. Sharpe Ratio: 0.32

Sr. No.


% to Net Assets


1 HDFC Bank Limited Banks 557,188 5,698.36 5.04%2 Infosys Limited Software 235,116 5,215.70 4.61%3 Axis Bank Limited Banks 880,197 4,930.86 4.36%

4 Hindustan Petroleum Corporation Limited Petroleum Products 653,241 4,244.76 3.75%

5 Larsen & Toubro Limited Construction Project 244,813 4,209.93 3.72%6 ICICI Bank Limited Banks 1,086,470 3,427.81 3.03%7 Tata Motors Limited - A Class Auto 973,943 3,229.11 2.85%


9 IndusInd Bank Limited Banks 352,101 3,119.61 2.76%10 Maruti Suzuki India Limited Auto 84,367 3,119.34 2.76%

11 Tata Consultancy Services Limited Software 116,302 2,970.29 2.63%

12 United Spirits Limited Consumer Non Durables 71,419 2,612.01 2.31%13 State Bank of India Banks 928,628 2,479.90 2.19%


15 Kajaria Ceramics Limited Construction 250,663 2,023.35 1.79%

16 Procter&GambleHygieneand Health Care Limited Consumer Non Durables 25,868 1,869.00 1.65%

17 Lupin Limited Pharmaceuticals 85,997 1,727.16 1.53%18 INGVysyaBankLimited Banks 182,936 1,711.46 1.51%


20 Bajaj Finance Limited Finance 40,941 1,682.04 1.49%21 UltraTech Cement Limited Cement 58,426 1,681.44 1.49%22 IDFC Limited Finance 983,438 1,641.85 1.45%23 Tech Mahindra Limited Software 258,120 1,625.38 1.44%24 Solar Industries India Limited Chemicals 43,963 1,495.86 1.32%25 Atul Limited Chemicals 129,034 1,460.66 1.29%26 Eicher Motors Limited Auto 9,119 1,450.66 1.28%27 GujaratGasCompanyLimited Gas 229,967 1,448.22 1.28%28 IPCA Laboratories Limited Pharmaceuticals 226,228 1,438.47 1.27%29 Cummins India Limited Industrial Products 158,400 1,394.95 1.23%30 Bajaj Corp Limited Consumer Non Durables 288,867 1,323.30 1.17%31 SRF Limited Textile Products 133,005 1,319.41 1.17%32 Redington (India) Limited Trading 972,277 1,276.11 1.13%33 Bharat Forge Limited Industrial Products 94,756 1,209.89 1.07%34 Shree Cements Limited Cement 11,010 1,188.40 1.05%35 CRISIL Limited Finance 57,149 1,148.81 1.02%

36 Dr. Reddy's Laboratories Limited Pharmaceuticals 32,271 1,125.85 1.00%

37 Torrent Pharmaceuticals Limited Pharmaceuticals 96,738 1,120.81 0.99%

38 Thomas Cook (India) Limited Services 516,578 1,076.81 0.95%


40 Mayur Uniquoters Ltd Textile Products 231,131 1,052.11 0.93%41 Bank of Baroda Banks 642,185 1,049.97 0.93%

42 Balmer Lawrie & Company Limited Transportation 186,329 1,044.65 0.92%

43 Supreme Industries Limited Industrial Products 145,078 1,033.83 0.91%


45 Bayer Cropscience Limited Pesticides 28,932 961.44 0.85%46 Strides Arcolab Limited Pharmaceuticals 80,893 955.22 0.84%47 HCL Technologies Limited Software 94,398 925.48 0.82%48 CMC Limited Software 46,122 883.19 0.78%49 CESC Limited Power 140,781 850.11 0.75%50 Tata Chemicals Limited Chemicals 187,550 831.88 0.74%51 Blue Dart Express Limited Transportation 11,367 829.72 0.73%52 Arvind Limited Textile Products 313,193 819.63 0.72%53 VinatiOrganicsLimited Chemicals 152,381 798.32 0.71%54 SKSMicrofinanceLimited Finance 174,160 797.57 0.71%

55 Sun Pharmaceuticals Industries Limited Pharmaceuticals 77,132 789.75 0.70%

56 GujaratPipavavPortLimited Transportation 323,820 783.81 0.69%57 GatewayDistriparksLimited Transportation 186,114 764.74 0.68%

58 Somany Ceramics Limited Construction 184,574 740.05 0.65%59 IIFL Holdings Limited Finance 413,218 736.56 0.65%60 NIIT Technologies Limited Software 191,729 669.71 0.59%61 Kaveri Seed Company Limited Consumer Non Durables 66,360 653.55 0.58%62 Cadila Healthcare Limited Pharmaceuticals 37,414 651.68 0.58%63 Cipla Limited Pharmaceuticals 90,616 645.59 0.57%64 Repco Home Finance Limited Finance 95,479 609.59 0.54%65 Info Edge (India) Limited Software 70,347 590.84 0.52%66 Finolex Cables Limited Industrial Products 204,559 582.48 0.51%67 Torrent Power Limited Power 311,880 510.08 0.45%68 MBL Infrastructures Limited Construction 79,674 493.58 0.44%69 Siemens Limited IndustrialCapitalGoods 32,000 446.96 0.40%70 Zuari Agro Chemicals Limited Fertilisers 194,524 437.87 0.39%

71 Prestige Estates Projects Limited Construction 142,680 382.74 0.34%

72 Wim Plast Limited Industrial Products 19,768 278.53 0.25%

73 Mount Everest Mineral Water Limited Consumer Non Durables 219,055 240.96 0.21%

Total 111,756.87 98.81%


74 Blue Dart Express Limited ICRA AA 101,626 10.26 0.01%75 Blue Dart Express Limited ICRA AA 58,072 5.90 0.01%76 Blue Dart Express Limited ICRA AA 43,554 4.45 *

Total 20.61 0.02%



Total 1,597.95 1.41%

Cash & Cash EquivalentNet Receivables/Payables (266.55) (0.24%)Total (266.55) (0.24%)GRAND TOTAL 113,108.88 100.00%

REDEMPTION PROCEEDSNormally within 3 Business Days from acceptance of redemption request (subject to completion of the 3 year Lock-in Period).

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

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

FEATURES

PLANS: REGULAR PLAN (RP) & DIRECT PLAN (DP)•RepurchaseofUnitsonlyafter completion of 3 year lock-in period•Minimuminvestmentandminimumadditional purchase (RP & DP)

•Entryload:NotApplicable•Exitload:NotApplicable

500/- and any amount thereafter•Optionsavailable:(RP&DP)•Growth •Dividend - Payout Dividend - Reinvest Dividend

INCEPTION DATEJan 18, 2007


11

DSP BlackRock Micro Cap Fund

Portfolio

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

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


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

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

INCEPTION DATEJun 14, 2007

FEATURES


1,000/- & any amount thereafter•Optionsavailable:(RP&DP)


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

Note: 1. Total Expense Ratio (F.Y. beginning to date): RP: 2.46% DP: 1.77% 2. Classificationof % of holdings based on Market Capitalisation: Large-Cap 0.00%, Mid-Cap 9.66%, Small-Cap 19.18%, Micro-Cap 67.19%. 3. *Less than 0.00% Since Inception Ratios: 1. Standard Deviation: 29.45% 2. Beta: 0.85 3. R-Squared: 91.39% 4. Sharpe Ratio: 0.37

Sr. No.


% to Net Assets


1 Indoco Remedies Limited Pharmaceuticals 2,913,658 10,599.89 5.52%2 DCB Bank Limited Banks 6,353,607 7,049.33 3.67%

3 Eveready Industries India Limited Consumer Non Durables 2,660,254 6,935.28 3.61%

4 Sharda Cropchem Limited Pesticides 2,127,174 6,724.00 3.50%5 SRF Limited Textile Products 675,233 6,698.31 3.49%6 Symphony Limited Consumer Durables 246,614 6,396.92 3.33%

7 Solar Industries India Limited Chemicals 164,230 5,588.01 2.91%

8 Capital First Limited Finance 1,357,846 5,423.24 2.82%

9 Repco Home Finance Limited Finance 811,120 5,178.60 2.69%

10 K.P.R. Mill Limited Textile Products 1,072,441 5,094.63 2.65%11 Siti Cable Network Limited Media & Entertainment 12,954,671 4,819.14 2.51%

12 Chambal Fertilizers & Chemicals Limited Fertilisers 6,996,338 4,726.03 2.46%

13 Finolex Cables Limited Industrial Products 1,599,256 4,553.88 2.37%14 Aarti Industries Limited Chemicals 1,269,126 4,452.09 2.32%15 SKSMicrofinanceLimited Finance 950,621 4,353.37 2.27%

16 Kalpataru Power Transmission Limited Power 1,939,678 4,256.62 2.22%

17 CEAT Limited Auto Ancillaries 521,401 4,194.41 2.18%18 Astral Poly Technik Limited Industrial Products 881,118 3,946.09 2.05%19 Atul Limited Chemicals 334,410 3,785.52 1.97%

20 Navin Fluorine International Limited Chemicals 446,712 3,732.50 1.94%

21 Mayur Uniquoters Ltd Textile Products 813,546 3,703.26 1.93%22 APL Apollo Tubes Limited Ferrous Metals 812,839 3,254.61 1.69%23 Kennametal India Limited IndustrialCapitalGoods 359,184 3,231.76 1.68%24 Essel Propack Limited Industrial Products 2,439,660 3,048.36 1.59%25 JK Lakshmi Cement Limited Cement 820,553 2,944.14 1.53%26 Strides Arcolab Limited Pharmaceuticals 243,204 2,871.87 1.49%

27 Manappuram Finance Limited Finance 8,723,343 2,830.72 1.47%

28 WABCO India Limited Auto Ancillaries 48,759 2,784.55 1.45%

29 Maharashtra Seamless Limited Ferrous Metals 1,404,879 2,769.72 1.44%

30 Finolex Industries Limited Industrial Products 941,175 2,670.11 1.39%31 Somany Ceramics Limited Construction 662,967 2,658.17 1.38%32 IPCA Laboratories Limited Pharmaceuticals 413,019 2,626.18 1.37%33 Triveni Turbine Limited IndustrialCapitalGoods 1,834,324 2,381.87 1.24%34 NRB Bearing Limited Industrial Products 1,665,233 2,190.61 1.14%

35 8K Miles Software Services Limited Software 303,529 2,159.76 1.12%

36 Kewal Kiran Clothing Limited Textile Products 97,253 2,067.40 1.08%


Telecom - Equipment & Accessories 1,383,497 2,040.66 1.06%

38 KSB Pumps Limited Industrial Products 267,321 1,999.29 1.04%39 Swaraj Engines Limited Industrial Products 237,997 1,924.09 1.00%40 Aarti Drugs Limited Pharmaceuticals 294,243 1,912.43 1.00%41 Siyaram Silk Mills Limited Textile Products 217,241 1,909.77 0.99%42 TVSMotorCompanyLimited Auto 712,870 1,880.91 0.98%43 NIIT Technologies Limited Software 528,404 1,845.72 0.96%44 Disa India Limited Industrial Products 36,763 1,842.93 0.96%45 MBL Infrastructures Limited Construction 293,632 1,819.05 0.95%46 Excel Crop Care Limited Pesticides 211,367 1,768.72 0.92%

47 Kirloskar Ferrous Industries Limited Ferrous Metals 2,653,361 1,400.97 0.73%

48 Suprajit Engineering Limited Auto Ancillaries 1,036,718 1,345.66 0.70%

49 J.Kumar Infraprojects Limited Construction 186,032 1,270.69 0.66%

50 KNR Constructions Limited Construction 287,556 1,221.54 0.64%51 City Union Bank Limited Banks 1,250,000 1,211.25 0.63%52 Ador Welding Limited Industrial Products 543,061 1,176.27 0.61%53 Fiem Industries Limited Auto Ancillaries 175,000 1,102.32 0.57%54 Indian Bank Banks 588,689 1,021.08 0.53%

Sectoral AllocationINDUSTRIAL PRODUCTS 12.15%TExTILE PRODUCTS 10.14%PhARMACEUTICALS 9.89%FINANCE 9.25%ChEMICALS 9.14%AUTO ANCILLARIES 4.90%BANkS 4.83%PESTICIDES 4.42%FERROUS METALS 4.18%CONSTRUCTION 3.63%CONSUMER NON DURABLES 3.61%CONSUMER DURABLES 3.33%

INDUSTRIAL CAPITAL GOODS 3.01%MEDIA & ENTERTAINMENT 2.59%FERTILISERS 2.46%POwER 2.22%SOFTwARE 2.08%CEMENT 1.53%AUTO 1.38%TELECOM - EQUIPMENT & ACCESSORIES 1.06%DIVERSIFIED CONSUMER SERVICES 0.22%CASh & EQUIVALENT 3.98%


55 Sun Pharma Advanced Research Company Limited Pharmaceuticals 199,712 982.68 0.51%

56 Automobile Corporation of GoaLimited Auto 175,505 775.21 0.40%

57 Ratnamani Metals & Tubes Limited Ferrous Metals 90,605 622.64 0.32%

58 Career Point Limited DiversifiedConsumerServices 284,144 425.22 0.22%

59 Action Construction Equipment Limited IndustrialCapitalGoods 435,627 176.65 0.09%

60 Navneet Education Limited Media & Entertainment 160,185 159.86 0.08%Total 184,536.56 96.02%



Total 7,800.16 4.06%

Cash & Cash EquivalentCash Margin 8.00 *Net Receivables/Payables (185.72) (0.08%)Total (177.72) (0.08%)GRAND TOTAL 192,159.00 100.00%

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

12

DSP BlackRock Focus 25 Fund

Portfolio

INVESTMENT OBJECTIVEThe primary investment objective of the Scheme is to generate long-term capital growth from a portfolio of equity and equity-related securities including equity derivatives. The portfolio will largely consist of companies, which are amongst the top 200 companies by market capitalisation. The portfolio will limit exposure to companies beyond the top 200 companies by market capitalization upto 20% of the net asset value. The Scheme will normally hold equity and equity-related securities including equity derivatives, of upto 25 companies. Further, the Scheme will also have at least 95% of the invested amount (excluding investments in debt securities, money market securities and cash and cash equivalents) across the top 25 holdings in the portfolio. The Scheme may also invest in debt and money market securities, for defensive considerations and/or for managing liquidity requirements. There can be no assurance that the investment objective of the Scheme will be realized.

Sectoral Allocation

SOFTwARE 4.22%FERTILISERS 4.11%INDUSTRIAL PRODUCTS 4.00%CONSTRUCTION PROJECT 3.43%CONSTRUCTION 2.81%GAS 1.23%CASh & EQUIVALENT 1.43%

AUTO 18.06%BANkS 17.79%PETROLEUM PRODUCTS 7.80%CEMENT 7.40%CONSUMER NON DURABLES 7.18%TRANSPORTATION 7.09%FINANCE 7.02%PhARMACEUTICALS 6.43%

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


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

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

FEATURES


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



Note: Total Expense Ratio (F.Y. beginning to date): RP: 2.84% DP: 2.21% Since Inception Ratios: 1. Standard Deviation: 15.91% 2. Beta: 0.91 3. R-Squared: 85.10% 4. Sharpe Ratio: 0.26

Sr. No.


% to Net Assets



2 Britannia Industries Limited Consumer Non Durables 119,046 2,569.67 7.18%3 HDFC Bank Limited Banks 210,017 2,147.84 6.00%4 Maruti Suzuki India Limited Auto 57,580 2,128.93 5.95%5 Eicher Motors Limited Auto 11,771 1,872.55 5.23%6 State Bank of India Banks 614,716 1,641.60 4.59%7 IndusInd Bank Limited Banks 177,567 1,573.24 4.39%8 Shree Cements Limited Cement 14,255 1,538.66 4.30%

9 Tata Consultancy Services Limited Software 59,218 1,512.40 4.22%

10 Tata Motors Limited Auto 268,439 1,476.95 4.13%11 GatewayDistriparksLimited Transportation 359,281 1,476.29 4.12%


13 Sun Pharmaceuticals Industries Limited Pharmaceuticals 141,458 1,448.39 4.05%

14 Cummins India Limited Industrial Products 162,623 1,432.14 4.00%15 Larsen & Toubro Limited Construction Project 71,490 1,229.38 3.43%16 UltraTech Cement Limited Cement 38,605 1,111.01 3.10%17 GujaratPipavavPortLimited Transportation 439,538 1,063.90 2.97%18 Kajaria Ceramics Limited Construction 124,823 1,007.57 2.81%19 Axis Bank Limited Banks 179,261 1,004.22 2.81%20 Max India Limited Finance 229,014 987.62 2.76%21 Hero MotoCorp Limited Auto 37,331 985.46 2.75%22 Bajaj Finserv Limited Finance 62,237 880.37 2.46%23 Cadila Healthcare Limited Pharmaceuticals 49,000 853.48 2.38%

24 Shriram Transport Finance Company Limited Finance 57,933 645.58 1.80%

25 GujaratGasCompanyLimited Gas 69,984 440.72 1.23%Total 35,292.52 98.57%



Total 898.97 2.51%

Cash & Cash EquivalentCash Margin 11.64 0.03%Net Receivables/Payables (402.53) (1.11%)Total (390.89) (1.08%)GRAND TOTAL 35,800.60 100.00%


13

Portfolio

INVESTMENT OBJECTIVEAn Open ended equity growth Scheme seeking to generate long term capital appreciation and provide long term growth opportunities by investing in equity and equity related securities of companies domiciled in India whose pre-dominant economic activity is in the: (a) discovery, development, production, or distribution of natural resources, viz., energy, mining etc; (b) alternative energy and energy technology sectors, with emphasis given to renewable energy, automotive and on-site power generation, energy storage and enabling energy technologies. The Scheme will also invest a certain portion of its corpus in the equity and equity related securities of companies domiciled overseas, which are principally engaged in the discovery, development, production or distribution of natural resources and alternative energy and/ortheunits/sharesofBlackRockGlobalFunds – New Energy Fund, BlackRock GlobalFunds–WorldEnergyFundandsimilar other overseas mutual fund schemes.

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

FUND MANAGERRohit SinghaniaTotal work experience of 14 years. Managing this Scheme since July 2012

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


INCEPTION DATEApr 25, 2008

DSP BlackRock Natural Resources and New Energy Fund

FEATURES




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

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

Sectoral Allocation

PETROLEUM PRODUCTS 35.18%NON - FERROUS METALS 14.95%GAS 12.78%MINERALS/MINING 8.41%ChEMICALS 4.84%FERTILISERS 4.76%

CONSUMER NON DURABLES 4.31%FERROUS METALS 3.56%PESTICIDES 3.25%OIL 2.66%INDUSTRIAL CAPITAL GOODS 0.14%CASh & EQUIVALENT 5.16%

Notes: Total Expense Ratio (F.Y. beginning to date): RP: 2.91% DP: 2.44% Since Inception Ratios: 1. Standard Deviation: 20.06% 2. Beta: 0.66 3. R-Squared: 59.05% 4. Sharpe Ratio: 0.03

Sr. No.


% to Net Assets


1 Bharat Petroleum Corporation Limited Petroleum Products 70,025 567.76 9.73%

2 Hindustan Petroleum Corporation Limited Petroleum Products 84,624 549.89 9.42%

3 Coal India Limited Minerals/Mining 135,326 491.10 8.41%

4 GujaratStatePetronetLimited Gas 391,142 485.21 8.31%

5 Hindustan Zinc Limited Non - Ferrous Metals 261,839 424.57 7.27%6 Sesa Sterlite Limited Non - Ferrous Metals 185,872 352.23 6.04%7 Phillips Carbon Black Limited Chemicals 214,711 282.56 4.84%

8 MangaloreRefineryandPetrochemicals Limited Petroleum Products 414,947 279.67 4.79%

9 Coromandel International Limited Fertilisers 103,518 277.89 4.76%

10 GujaratGasCompanyLimited Gas 41,434 260.93 4.47%

11 Castrol India Limited Petroleum Products 53,682 254.26 4.36%

12 Kaveri Seed Company Limited Consumer Non Durables 25,542 251.55 4.31%

13 Reliance Industries Limited Petroleum Products 27,352 225.93 3.87%14 Tata Steel Limited Ferrous Metals 65,667 208.00 3.56%15 Monsanto India Limited Pesticides 6,633 189.75 3.25%

16 Indian Oil Corporation Limited Petroleum Products 47,705 175.86 3.01%

17 Oil India Limited Oil 34,088 155.08 2.66%

18 National Aluminium Company Limited Non - Ferrous Metals 205,023 95.64 1.64%

19 Inox Wind Limited# IndustrialCapitalGoods 2,513 8.17 0.14%Total 5,536.05 94.84%



Total 274.68 4.71%



14

Notes: 1. ^^Fund domiciled in Luxembourg 2. Total Expense Ratio (F.Y. beginning to date): RP: 1.77% DP: 1.36%

Sr. No.


% to Net Assets



Total 424.51 2.07%

OThERSForeign Securities

2BlackRockGlobalFunds-WorldGoldFund(ClassI2USDShares)^^

1,268,537 20,119.38 98.28%

Total 20,119.38 98.28%


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

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

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

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

INCEPTION DATESep 14, 2007

DSP BlackRock world Gold Fund


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

FEATURES

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

1,000/- & any amount thereafter•Optionsavailable:(DP&RP) •Growth •Dividend - Payout Dividend

- Reinvest Dividend

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


Sr. No.


% to Net Assets

MONEY MARkET INSTRUMENTS1 CBLO / Reverse Repo Investments 74.91 7.16%

Total 74.91 7.16%


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

44,809 955.25 91.30%

Total 955.25 91.30%

Cash & Cash EquivalentNet Receivables/Payables 16.12 1.54%Total 16.12 1.54%GRAND TOTAL 1,046.28 100.00%

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


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

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

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

#InthesharesofBGF–WMF,an Undertaking for Collective Investment in Transferable Securities (UCITS) III fund.

INCEPTION DATEDec 29, 2009


FEATURES


1,000/- & any amount thereafter•Optionsavailable:(DP&RP) •Growth •Dividend - Payout Dividend

- Reinvest Dividend


DSP BlackRock world Mining Fund

15


Sr. No.


% to Net Assets

MONEY MARKET INSTRUMENTS1 CBLO / Reverse Repo Investments 99.89 3.70%

Total 99.89 3.70%

OTHERSForeign Securities

2 BlackRock Global Funds - World Energy Fund (Class I2 USD Shares)^^ 157,061 2,076.20 77.00%

3 BlackRock Global Funds - New Energy Fund (Class I2 USD Shares)^^ 99,012 514.37 19.08%

Total 2,590.57 96.08%


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


DSP BlackRock World Energy Fund

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

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

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

INCEPTION DATEAug 14, 2009


FEATURES

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

1,000/- & any amount thereafter• Options available: (DP & RP) • Growth • Dividend - Payout Dividend

- Reinvest Dividend

• Entry load: Not Applicable• Exit Load : Holding period <24 months: 1% Holding period >=24 months: Nil

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

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

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

INCEPTION DATEOct 19, 2011


DSP BlackRock World Agriculture Fund

Sr. No.


% to Net Assets

MONEY MARKET INSTRUMENTS1 CBLO / Reverse Repo Investments 99.89 3.14%

Total 99.89 3.14%

OTHERSForeign Securities

2BlackRock Global Funds - World Agriculture Fund (Class I2 USD Shares)^^

374,633 3,083.45 96.77%

Total 3,083.45 96.77%


INVESTMENT OBJECTIVEThe primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in the units of BlackRock Global Funds – World Agriculture Fund (BGF – WAF). The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/or money market/liquid schemes of DSP BlackRock Mutual Fund, in order to meet liquidity requirements from time to time. However, there is no assurance that the investment objective of the Scheme will be realised. It shall be noted ‘similar overseas mutual fund schemes’ shall have investment objective, investment strategy and risk profile/consideration similar to those of BGF – WAF.

Portfolio

FEATURES

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

1,000/- & any amount thereafter• Options available: (DP & RP) • Growth • Dividend - Payout Dividend

- Reinvest Dividend

• Entry load: Not Applicable• Exit Load : Holding period <24 months: 1% Holding period >=24 months: Nil



16

DSP BlackRock US Flexible* Equity Fund

Sr. No.


% to Net Assets


Total 349.60 2.73%


2 BlackRockGlobalFunds-USFlexibleEquity Fund (Class I2 USD Shares)^^ 1,232,352 12,449.25 97.29%

Total 12,449.25 97.29%


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

Notes 1. ^^Fund domiciled in Luxembourg 2. Total Expense Ratio (F.Y. beginning to date): RP: 2.05% DP: 1.50%

Portfolio

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

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

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

#inthesharesofBGF–USFEF,an Undertaking for Collective Investment in Transferable Securities (UCITS) III fund.

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

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

INCEPTION DATEAugust 03, 2012



FEATURES


1,000/- & any amount thereafter•Optionsavailable:(RP&DP) •Growth •Dividend - Payout Dividend

- Reinvest Dividend


17

DSP BlackRock Global Allocation Fund

Portfolio

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

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

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

ASSET ALLOCATIONUnitsofBGF–GAF#orothersimilaroverseas mutual fund scheme(s): 95% - 100%

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

#inthesharesofBGF–GAF,anUndertakingfor Collective Investment in Transferable Securities (UCITS) III fund

INCEPTION DATEAug 21, 2014


Sr. No.

Name of Instrument Rating/Industry Quantity Market value

( In lakhs)

% to Net Assets


Total 199.77 3.63%


2 BlackRockGlobalFunds-GlobalAllocation Fund (Class I2 USD Shares)^^ 158,245 5,292.01 96.27%

Total 5,292.01 96.27%


Notes : 1. ^^Fund domiciled in Luxembourg 2. Total Expense Ratio (Since inception till date): RP: 2.07% DP: 1.45%

FEATURES


1,000/- & multiple of 1 thereafter

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



18

Note: Total Expense Ratio (F.Y. beginning to date): RP: 2.20% DP: 1.31%

Sr. No.

Name of Instrument Rating/Industry Quantity Market value

( In lakhs)

% to Net Assets

MONEY MARkET INSTRUMENTS1 CBLO / Reverse Repo Investments 1,093.60 0.91%

Total 1,093.60 0.91%

Mutual Funds2 DSP BlackRock Strategic Bond Fund 4,193,951 70,644.07 58.86%3 DSP BlackRock Money Manager Fund 949,628 18,144.60 15.12%4 DSP BlackRock Short Term Fund 64,314,118 15,522.86 12.93%5 DSP BlackRock Equity Fund 27,806,830 7,931.62 6.61%6 DSP BlackRock Top 100 Equity Fund 4,377,805 7,162.57 5.97%

Total 119,405.72 99.49%


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

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


PortfolioFUND MANAGERApoorva Shah (Equity)Total work experience of 26 years. Managing this Scheme since February 2014

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

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

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

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

INCEPTION DATEFeb 06, 2014


ReferenceYieldGap: 1.561

ReferenceModifiedYieldGap: 1.618

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

Levels of Yield Gap /Modified Yield Gap#

FEATURES


1,000/- & any amount thereafter.•Optionsavailable:(DP&RP) •Growth •MonthlyDividend - Payout Dividend

- Reinvest Dividend

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

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

DSP BlackRock Dynamic Asset Allocation Fund

#as on March 31, 2015

19

DSP BlackRock Balanced Fund

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

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

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

REDEMPTION PROCEEDSNormally within 3 Business Days from acceptance of redemption request

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

FEATURES


Sr. No.


% to Net Assets


1 HDFC Bank Limited Banks 376,416 3,849.61 6.10%2 SRF Limited Textile Products 268,180 2,660.35 4.21%3 ICICI Bank Limited Banks 775,186 2,445.71 3.87%4 Britannia Industries Limited Consumer Non Durables 103,266 2,229.05 3.53%5 LIC Housing Finance Limited Finance 411,536 1,800.88 2.85%6 Strides Arcolab Limited Pharmaceuticals 145,595 1,719.26 2.72%7 IPCA Laboratories Limited Pharmaceuticals 239,873 1,525.23 2.41%


9 Tata Motors Limited Auto 260,783 1,434.83 2.27%


11 Cadila Healthcare Limited Pharmaceuticals 77,289 1,346.22 2.13%12 Larsen & Toubro Limited Construction Project 76,156 1,309.62 2.07%13 Finolex Cables Limited Industrial Products 454,198 1,293.33 2.05%14 Maruti Suzuki India Limited Auto 34,275 1,267.27 2.01%

15 Sarla Performance Fibers Limited Textiles - Synthetic 300,000 1,110.00 1.76%

16 Tech Mahindra Limited Software 175,534 1,105.34 1.75%17 IndusInd Bank Limited Banks 123,635 1,095.41 1.73%18 Sharda Cropchem Limited Pesticides 341,485 1,079.43 1.71%19 SKSMicrofinanceLimited Finance 228,068 1,044.44 1.65%20 Finolex Industries Limited Industrial Products 361,769 1,026.34 1.63%21 Bayer Cropscience Limited Pesticides 29,082 966.42 1.53%22 Eicher Motors Limited Auto 5,500 874.95 1.39%


24 Multi Commodity Exchange of India Limited Finance 73,999 830.60 1.32%

25 Phillips Carbon Black Limited Chemicals 614,874 809.17 1.28%26 Infosys Limited Software 36,103 800.89 1.27%27 MindTree Limited Software 58,900 767.85 1.22%

28 GlenmarkPharmaceuticalsLimited Pharmaceuticals 97,525 766.69 1.21%


30 Credit Analysis And Research Limited Finance 46,906 694.00 1.10%

31 Bosch Limited Auto Ancillaries 2,597 660.19 1.05%

32 Motherson Sumi Systems Limited Auto Ancillaries 122,800 632.36 1.00%

33 Dr. Reddy's Laboratories Limited Pharmaceuticals 16,863 588.31 0.93%

34 Mayur Uniquoters Ltd Textile Products 125,424 570.93 0.90%

35 Prestige Estates Projects Limited Construction 211,279 566.76 0.90%

36 Sesa Sterlite Limited Non - Ferrous Metals 254,388 482.07 0.76%37 Bank of India Banks 242,549 475.03 0.75%38 Monsanto India Limited Pesticides 14,494 414.63 0.66%39 EID Parry India Limited Fertilisers 187,123 327.75 0.52%40 GujaratGasCompanyLimited Gas 47,806 301.06 0.48%

Total 45,285.25 71.70%

Unlisted

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

Total - *


42 Indian Overseas Bank CARE A+ 250 2,440.60 3.86%43 IDFC Limited ICRA AAA 160 1,602.53 2.54%44 Tata Motors Finance Limited CRISIL AA 150 1,504.79 2.38%45 IDFC Limited ICRA AAA 110 1,097.66 1.74%46 NTPC Limited CRISIL AAA 100 1,063.53 1.68%

47 JM Financial Credit Solutions Limited ICRA AA- 55 550.47 0.87%

48 Kotak Mahindra Investments Limited CRISIL AAA 50 499.80 0.79%

49 Bajaj Finance Limited ICRA AA+ 27 272.10 0.43%

50 RuralElectrificationCorporation Limited CRISIL AAA 20 204.39 0.32%

51 Cholamandalam Investment and Finance Company Limited ICRA AA 13 155.05 0.25%

52 Tata Motors Limited CARE AA+ 15 150.32 0.24%53 IDFC Limited IND AAA 10 100.16 0.16%

54 National Bank for Agriculture and Rural Development CRISIL AAA 5 50.17 0.08%

55 Tata Motors Finance Limited CRISIL AA 3 35.77 0.06%Total 9,727.34 15.40%

CENTRAL GOVERNMENT SECURITIES56 08.60%CGL2028 SOV 2,500,000 2,674.03 4.23%57 08.28%CGL2027 SOV 2,500,000 2,594.11 4.11%58 08.15%CGL2026 SOV 200,000 206.40 0.33%

Total 5,474.54 8.67%



Total 3,086.04 4.89%

Cash & Cash EquivalentCash Margin 7.41 0.01%Net Receivables/Payables (422.80) (0.67%)Total (415.39) (0.66%)GRAND TOTAL 63,157.78 100.00%

1,000/- & any amount thereafter•Optionsavailable:(RP&DP)•Growth•Dividend - Payout Dividend - Reinvest Dividend•QuaterlyDividend - Payout Dividend - Reinvest Dividend•Entryload:NotApplicable•Exitload:

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



Sectoral Allocation

BANkS 12.45%PhARMACEUTICALS 9.40%FINANCE 9.22%AUTO 5.67%TExTILE PRODUCTS 5.11%SOFTwARE 4.24%PESTICIDES 3.90%INDUSTRIAL PRODUCTS 3.68%CONSUMER NON DURABLES 3.53%TRANSPORTATION 2.20%

CONSTRUCTION PROJECT 2.07%AUTO ANCILLARIES 2.05%FERTILISERS 1.85%TExTILES - SYNThETIC 1.76%GAS 1.63%ChEMICALS 1.28%CONSTRUCTION 0.90%NON - FERROUS METALS 0.76%DEBT INSTRUMENTS 24.07%CASh & EQUIVALENT 4.23%

Notes : 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND. 2. Total Expense Ratio (F.Y. beginning to date): RP: 2.73% DP: 2.11% 3. *Less than 0.00%

@Computed on the invested amount for debt portfolio

PORTFOLIO YTM@

8.53%

20

DSP BlackRock MIP Fund#

Portfolio

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

REDEMPTION PROCEEDSNormally within 2 Business Days from acceptance of redemption request

ASSET ALLOCATION*Debt and Money Market Securities 75% - 100% Equity and Equity Related Securities 0% - 25% *Debt securities may include securitised debts upto 50% of the net assets

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

VinitSambre(Equity)Total work experience of 16 years. Managing this Scheme since March 2013.

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


Holding Period:< 12 months: 2%>= 12 months and < 24 months: 1%>= 24 months and < 36 months: 0.50%>= 36 months: Nil


Sr. No.


% to Net Assets


1 Maruti Suzuki India Limited Auto 24,395 901.97 2.12%2 HDFC Bank Limited Banks 74,046 757.27 1.78%3 IndusInd Bank Limited Banks 68,029 602.74 1.41%4 ICICI Bank Limited Banks 177,040 558.56 1.31%5 LIC Housing Finance Limited Finance 120,140 525.73 1.23%6 Cadila Healthcare Limited Pharmaceuticals 28,421 495.04 1.16%7 Max India Limited Finance 92,497 398.89 0.94%


9 IPCA Laboratories Limited Pharmaceuticals 54,017 343.47 0.81%10 Larsen & Toubro Limited Construction Project 19,032 327.28 0.77%

11 Container Corporation of India Limited Transportation 20,140 319.00 0.75%

12 UltraTech Cement Limited Cement 10,208 293.78 0.69%13 Divi's Laboratories Limited Pharmaceuticals 15,454 275.92 0.65%

14 GlenmarkPharmaceuticalsLimited Pharmaceuticals 34,282 269.51 0.63%


16 Strides Arcolab Limited Pharmaceuticals 21,451 253.30 0.59%17 Hero MotoCorp Limited Auto 9,245 244.05 0.57%18 Sesa Sterlite Limited Non - Ferrous Metals 121,099 229.48 0.54%19 Bharti Airtel Limited Telecom - Services 57,029 224.30 0.53%

20 Sarla Performance Fibers Limited Textiles - Synthetic 58,600 216.82 0.51%

21 Tech Mahindra Limited Software 34,084 214.63 0.50%

22 Oil&NaturalGasCorporationLimited Oil 60,441 185.16 0.43%

23 Tata Motors Limited Auto 30,280 166.60 0.39%

24 Credit Analysis And Research Limited Finance 10,974 162.37 0.38%

25 Finolex Industries Limited Industrial Products 48,084 136.41 0.32%

26 Multi Commodity Exchange of India Limited Finance 9,048 101.56 0.24%


Telecom - Equipment & Accessories 61,881 91.27 0.21%

28 Castrol India Limited Petroleum Products 12,592 59.64 0.14%Total 9,012.83 21.15%


29 Tata Steel Limited CARE AA+ 250 2,763.80 6.48%

30 JM Financial Credit Solutions Limited ICRA AA- 167 1,671.43 3.92%

31 RuralElectrificationCorporation Limited CRISIL AAA 150 1,532.94 3.59%

32 Export-Import Bank of India CRISIL AAA 100 1,031.97 2.42%

33 RuralElectrificationCorporation Limited CRISIL AAA 100 1,016.41 2.38%

34 LIC Housing Finance Limited CRISIL AAA 90 921.62 2.16%

35 Hindustan Organic Chemicals Limited ICRA AAA 60 610.02 1.43%


37 Shriram Transport Finance Company Limited CRISIL AA 40,000 403.75 0.95%

38 IDFC Limited IND AAA 40 400.64 0.94%

39 Housing Development Finance Corporation Limited CRISIL AAA 35 350.51 0.82%

40 Kotak Mahindra Investments Limited CRISIL AAA 23 229.91 0.54%

FEATURES



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


41 LIC Housing Finance Limited CRISIL AAA 10 102.08 0.24%42 IDFC Limited ICRA AAA 10 100.16 0.23%


44 Ashok Leyland Limited ICRA A+ 5 50.01 0.12%

45 Power Finance Corporation Limited CRISIL AAA 5 49.99 0.12%

46 IDFC Limited ICRA AAA 5 49.85 0.12%Total 11,855.65 27.79%

CENTRAL GOVERNMENT SECURITIES

47 08.60%CGL2028 SOV 9,000,000 9,626.50 22.57%48 08.28%CGL2027 SOV 3,000,000 3,112.94 7.30%49 08.83%CGL2023 SOV 2,500,000 2,657.91 6.23%

Total 15,397.35 36.10%

MONEY MARkET INSTRUMENTSCertificate of Deposit

50 Andhra Bank CARE A1+ 4,000 3,699.01 8.67%51 Andhra Bank CARE A1+ 50 49.51 0.12%52 IndusInd Bank Limited CRISIL A1+ 50 49.50 0.12%

Total 3,798.02 8.91%


Total 2,172.26 5.09%


Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND. 2. Total Expense Ratio (F.Y. beginning to date): RP: 2.59% DP: 1.98%

Sectoral Allocation

BANkS 4.50%PhARMACEUTICALS 3.84%AUTO 3.08%FINANCE 2.79%FERTILISERS 0.94%CONSTRUCTION PROJECT 0.77%TRANSPORTATION 0.75%CEMENT 0.69%GAS 0.61%NON - FERROUS METALS 0.54%

TELECOM - SERVICES 0.53%TExTILES - SYNThETIC 0.51%SOFTwARE 0.50%OIL 0.43%INDUSTRIAL PRODUCTS 0.32%TELECOM - EQUIPMENT & ACCESSORIES 0.21%PETROLEUM PRODUCTS 0.14%DEBT INSTRUMENTS 72.80%CASh & EQUIVALENT 6.05%

@Computed on the invested amount for debt portfolio

PORTFOLIO YTM@

8.21%

21

DSP BlackRock Liquidity Fund

PortfolioSr. No.


% to Net Assets


1 Tube Investments of India Limited CRISIL AA 500 5,002.04 1.62%Total 5,002.04 1.62%


2 Bank of India CRISIL A1+ 20,000 19,678.34 6.38%3 INGVysyaBankLimited CRISIL A1+ 20,000 19,672.58 6.38%4 Bank of Baroda ICRA A1+ 15,000 14,758.76 4.79%5 UCO Bank CRISIL A1+ 12,500 12,414.35 4.03%6 Bank of India CRISIL A1+ 12,500 12,333.66 4.00%7 Bank of Baroda ICRA A1+ 10,000 9,945.49 3.23%8 Central Bank of India CARE A1+ 10,000 9,935.60 3.22%9 Punjab & Sind Bank ICRA A1+ 10,000 9,912.75 3.21%10 The South Indian Bank Limited CARE A1+ 10,000 9,901.88 3.21%11 INGVysyaBankLimited CRISIL A1+ 10,000 9,868.43 3.20%12 Oriental Bank of Commerce CRISIL A1+ 10,000 9,864.91 3.20%13 Canara Bank CRISIL A1+ 10,000 9,864.18 3.20%14 Allahabad Bank ICRA A1+ 7,500 7,439.82 2.41%15 Dena Bank CRISIL A1+ 7,500 7,378.41 2.39%16 Andhra Bank CARE A1+ 5,000 4,971.30 1.61%17 The South Indian Bank Limited CARE A1+ 5,000 4,965.23 1.61%18 Corporation Bank CRISIL A1+ 5,000 4,934.44 1.60%19 Canara Bank CRISIL A1+ 5,000 4,933.20 1.60%20 Corporation Bank CRISIL A1+ 5,000 4,922.66 1.60%21 Canara Bank CRISIL A1+ 5,000 4,922.44 1.60%22 The South Indian Bank Limited CARE A1+ 5,000 4,917.84 1.59%23 IDBI Bank Limited CRISIL A1+ 2,500 2,495.32 0.81%24 Allahabad Bank ICRA A1+ 2,500 2,491.83 0.81%25 Allahabad Bank ICRA A1+ 2,500 2,483.87 0.81%26 VijayaBank CARE A1+ 2,500 2,482.76 0.81%27 Andhra Bank CARE A1+ 2,500 2,479.94 0.80%28 Axis Bank Limited CRISIL A1+ 2,500 2,466.90 0.80%29 Dena Bank CRISIL A1+ 500 495.96 0.16%

Total 212,932.85 69.06%

Commercial Paper30 Adani Enterprises Limited BWR A1+ 2,000 9,863.85 3.20%

31 Kotak Mahindra Investments Limited CRISIL A1+ 1,500 7,384.34 2.39%

32 JM Financial Credit Solutions Limited ICRA A1+ 1,000 4,993.73 1.62%

33 JM Financial Products Limited ICRA A1+ 1,000 4,984.30 1.62%34 Indostar Capital Finance Limited CARE A1+ 1,000 4,974.26 1.61%

35 JM Financial Asset Reconstruction Company Private Limited ICRA A1+ 1,000 4,935.69 1.60%

36 L & T Finance Limited CARE A1+ 1,000 4,931.14 1.60%37 JM Financial Products Limited ICRA A1+ 1,000 4,928.28 1.60%38 Export-Import Bank of India ICRA A1+ 1,000 4,914.36 1.59%39 JM Financial Products Limited CRISIL A1+ 1,000 4,912.22 1.59%40 JM Financial Products Limited CRISIL A1+ 1,000 4,902.02 1.59%

41 Kotak Mahindra Investments Limited CRISIL A1+ 500 2,483.24 0.81%

42 Barclays Investments & Loans (India) Limited ICRA A1+ 500 2,449.63 0.79%

Total 66,657.06 21.61%

43 CBLO / Reverse Repo Investments 2,895.47 0.94%Total 2,895.47 0.94%

Fixed Deposit44 Indian Bank Unrated 15,000.00 4.86%45 Indian Bank Unrated 10,000.00 3.24%46 IndusInd Bank Limited Unrated 5,000.00 1.62%

Total 30,000.00 9.72%

Cash & Cash EquivalentNet Receivables/Payables (9,158.22) (2.95%)Total (9,158.22) (2.95%)GRAND TOTAL 308,329.20 100.00% INVESTMENT OBJECTIVE

An Open Ended income Scheme, seeking to generate a reasonable return commensurate with low risk and a high degree of liquidity, from a portfolio constituted of money market securities and high quality debt securities.

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

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

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

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

INCEPTION DATEMar 11, 1998 (Regular Plan)Nov 23, 2005 (Institutional Plan)

FEATURES

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


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

•Entryload:NotApplicable•Exitload:Nil


PORTFOLIO YTM8.56%

Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND. 2. Total Expense Ratio (F.Y. beginning to date): IP: 0.13% RP: 0.27% DP: 0.07%

Rating Profile of the Portfolio of the Scheme

A1+ 90.67%

CASH & EQUIVALENT/FDS 7.71%

AA 1.62%

22

Sr. No.


% to Net Assets


1 Ranbaxy Laboratories Limited CARE AAA 900 9,019.44 4.80%

2 Shriram Transport Finance Company Limited CRISIL AA 250,000 2,518.31 1.34%

3 Hero Fincorp Limited CRISIL AA+ 250 2,511.36 1.34%4 Fullerton India Credit Company Ltd ICRA AA+ 220 2,213.66 1.18%

5 Sundaram BNP Paribas Home Finance Limited CARE AA+ 150 1,556.80 0.83%





10 Shriram Transport Finance Company Limited CARE AA+ 5 50.29 0.03%

11 Power Finance Corporation Limited CRISIL AAA 5 49.97 0.03%12 IDFC Limited ICRA AAA 2 20.03 0.01%

Total 19,031.29 10.15%

CENTRAL GOVERNMENT SECURITIES13 08.36%CGL2020 SOV 5,000,000 4,887.36 2.60%

Total 4,887.36 2.60%


14 Canara Bank CRISIL A1+ 15,000 14,767.32 7.86%15 Bank of Baroda ICRA A1+ 12,500 12,431.86 6.62%16 IndusInd Bank Limited CRISIL A1+ 10,000 9,930.74 5.29%17 Corporation Bank CRISIL A1+ 10,000 9,838.97 5.24%18 Canara Bank CRISIL A1+ 10,000 9,832.22 5.23%19 State Bank of Patiala ICRA A1+ 7,500 7,379.68 3.93%20 Punjab & Sind Bank ICRA A1+ 5,000 4,953.65 2.64%21 Canara Bank CRISIL A1+ 5,000 4,949.12 2.63%22 Oriental Bank of Commerce CRISIL A1+ 5,000 4,934.66 2.63%23 Oriental Bank of Commerce CRISIL A1+ 5,000 4,933.60 2.63%24 ICICI Bank Limited ICRA A1+ 5,000 4,929.69 2.62%25 Corporation Bank CRISIL A1+ 5,000 4,922.66 2.62%26 IDBI Bank Limited CRISIL A1+ 2,500 2,484.04 1.32%27 VijayaBank CARE A1+ 2,500 2,476.47 1.32%28 Canara Bank CRISIL A1+ 2,500 2,471.54 1.32%29 Union Bank of India CRISIL A1+ 2,500 2,462.39 1.31%30 Oriental Bank of Commerce CRISIL A1+ 2,500 2,461.21 1.31%31 Corporation Bank CRISIL A1+ 700 693.53 0.37%32 Axis Bank Limited CRISIL A1+ 500 477.46 0.25%33 Corporation Bank CRISIL A1+ 350 344.06 0.18%

Total 107,674.87 57.32%

Commercial Paper

34 Housing Development Finance Corporation Limited ICRA A1+ 2,000 9,254.69 4.93%

35 IL&FS Transportation Networks Limited CARE A1 1,500 7,339.06 3.91%

36 Murugappa Holdings Limited ICRA A1+ 1,000 4,797.41 2.55%37 Peninsula Land Limited ICRA A1 1,000 4,628.84 2.46%38 Prism Cement Limited ICRA A1 500 2,494.05 1.33%39 APL Apollo Tubes Limited ICRA A1 500 2,489.86 1.33%40 Prism Cement Limited ICRA A1 500 2,470.94 1.32%41 Prism Cement Limited ICRA A1 500 2,466.30 1.31%42 Prism Cement Limited ICRA A1 500 2,464.43 1.31%

43 JM Financial Credit Solutions Limited ICRA A1+ 500 2,313.14 1.23%

44 Infrastructure Leasing & Financial Services Limited ICRA A1+ 500 2,310.86 1.23%

45 Amalgamated Bean Coffee Trading Company Limited CARE A1 400 1,917.80 1.02%

46 Amalgamated Bean Coffee Trading Company Limited CARE A1 200 959.46 0.51%

47 Barclays Investments & Loans (India) Limited ICRA A1+ 200 941.62 0.50%

Total 46,848.46 24.94%

Treasury Bill48 182 DAY T-BILL 2015 SOV 103,000 101.85 0.05%49 182 DAY T-BILL 2015 SOV 9,250 9.20 *

Total 111.05 0.05%

50 CBLO / Reverse Repo Investments 663.98 0.35%Total 663.98 0.35%

Fixed Deposit51 Indian Bank Unrated 5,000.00 2.66%52 IndusInd Bank Limited Unrated 5,000.00 2.66%

Total 10,000.00 5.32%

Cash & Cash EquivalentNet Receivables/Payables (1,369.73) (0.73%)Total (1,369.73) (0.73%)GRAND TOTAL 187,847.28 100.00%

DSP BlackRock Money Manager Fund

Portfolio

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


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

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

INCEPTION DATEJul 31, 2006 (Regular Plan)Jul 31, 2006 (Institutional Plan)

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


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

•Entryload:NotApplicable•Exitload:Nil


Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND. 2. Total Expense Ratio (F.Y. beginning to date): IP: 0.55% RP: 0.90% DP: 0.45% 3. *Less than 0.00%

AAA 5.43%

AA+ 3.38%


A1+ 67.76%

AA 1.34%A1 14.50%

SOV 2.65%CASH & EQUIVALENT/FDS 4.94%

PORTFOLIO YTM8.75%

23


DSP BlackRock Treasury Bill Fund

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

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

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

Portfolio

Note: Total Expense Ratio: (F.Y. beginning to date) RP: 0.60% DP: 0.35%

Sr. No.


% to Net Assets

MONEY MARkET INSTRUMENTSTreasury Bill

1 364 DAY T-BILL 2015 SOV 1,500,000 1,452.21 52.46%2 364 DAY T-BILL 2015 SOV 500,000 479.68 17.33%3 364 DAY T-BILL 2016 SOV 500,000 471.68 17.04%

Total 2,403.57 86.83%


Cash & Cash EquivalentNet Receivables/Payables 93.34 3.36%Total 93.34 3.36%GRAND TOTAL 2,768.37 100.00% INCEPTION DATE

Sep 30, 1999


PORTFOLIO YTM8.64%

PORTFOLIO YTM7.93%

INVESTMENT OBJECTIVEAn Open-ended Money Market Mutual Fund Scheme in income category seeking generate income through investment in a portfolio comprising ofTreasuryBillsandotherCentralGovernmentSecuritieswitharesidualmaturity less than or equal to 1 year.

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

1,000/- & any amount thereafter•Optionsavailable:(RP&DP) •Growth •Dividend - Payout Dividend - Reinvest Dividend •MonthlyDividend - Payout Dividend - Reinvest Dividend•DailyDividendReinvest

•Entryload:NotApplicable•ExitLoad:Nil

DSP BlackRock Ultra Short Term Fund

Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND & BWR. 2. Total Expense Ratio (F.Y. beginning to date): RP: 0.50%. DP: 0.15%

Sr. No.


% to Net Assets


1 Canara Bank CRISIL A1+ 7,500 6,961.30 24.25%2 ICICI Bank Limited ICRA A1+ 3,000 2,780.50 9.69%3 Andhra Bank CARE A1+ 2,500 2,323.11 8.09%4 Axis Bank Limited CRISIL A1+ 2,500 2,319.70 8.08%

Total 14,384.61 50.11%

Commercial Paper

5 National Bank for Agriculture and Rural Development CRISIL A1+ 1,000 4,632.98 16.14%

6 Barclays Investments & Loans (India) Limited ICRA A1+ 500 2,354.06 8.20%

7 Housing Development Finance Corporation Limited ICRA A1+ 500 2,313.67 8.06%

8 JM Financial Credit Solutions Limited ICRA A1+ 500 2,313.14 8.06%

9 Infrastructure Leasing & Financial Services Limited ICRA A1+ 500 2,310.86 8.05%

Total 13,924.71 48.51%



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

Portfolio

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

1,000/- & any amount thereafter•Optionsavailable:(DP&RP) •Growth* •DailyDividend - Reinvest Dividend •WeeklyDividend - Payout Dividend - Reinvest Dividend •Entryload:NotApplicable

•ExitLoad: Nil

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

FUND MANAGERLaukik BagweTotal work experience of 14 years. Managing this Scheme since March 2015

ASSET ALLOCATIONMoney market securities and/or Debt Securities* which have residual or average maturity of less than or equal to 367 days or have put options within a period not exceeding 367 days: 0% - 100% Debt securities* which haveresidual or average maturity of more than 367 days: 0% - 100%

*Debt securities may include securitised debts up to 75% of the net assets.

INCEPTION DATEMarch 31, 2015



SOV 86.83%

CASH & EQUIVALENT 13.17%


A1+ 98.62%


•MonthlyDividend - Payout Dividend - Reinvest Dividend •QuarterlyDividend - Payout Dividend - Reinvest Dividend

24

Portfolio

DSP BlackRock Short Term Fund

Sr. No.


% to Net Assets


1 JM Financial Asset Reconstruction Company Private Limited CRISIL A+ 1,000 10,098.11 13.26%

2 Power Finance Corporation Limited CRISIL AAA 500 5,076.07 6.67%3 JM Financial Products Limited CRISIL AA- 500 5,041.36 6.62%4 Peninsula Land Limited ICRA A 500 5,023.52 6.60%5 Tata Motors Limited CARE AA+ 500 5,007.12 6.57%6 Pantaloons Fashion & Retail Limited ICRA AA 360 3,602.84 4.73%7 HDB Financial Services Limited CARE AAA 260 2,615.24 3.43%

8 PowerGridCorporationofIndiaLimited CRISIL AAA 250 2,593.94 3.41%

9 IDFC Limited ICRA AAA 250 2,527.58 3.32%

10 Small Industries Development Bank of India CARE AAA 250 2,501.74 3.28%

11 Small Industries Development Bank of India CARE AAA 250 2,499.68 3.28%

12 IDFC Limited ICRA AAA 250 2,045.32 2.69%13 IDFC Limited ICRA AAA 200 1,994.32 2.62%14 Power Finance Corporation Limited CRISIL AAA 150 1,503.06 1.97%15 Fullerton India Credit Company Ltd ICRA AA+ 55 554.53 0.73%16 NHPC Limited IND AAA 500 503.15 0.66%17 IDFC Limited ICRA AAA 42 420.13 0.55%


19 IDFC Limited ICRA AAA 7 70.23 0.09%


Total 53,968.50 70.86%

Unlisted21 Reliance Inceptum Private Limited BWR AA+ 450 4,587.81 6.02%

Total 4,587.81 6.02%

Securitised Debt Instruments

22 Royal Trust PTC Series A2 - May2004 - (Citibank N.A.) CRISIL AAA 24 110.56 0.15%

Total 110.56 0.15%

CENTRAL GOVERNMENT SECURITIES23 08.27%CGL2020 SOV 10,500,000 10,728.28 14.09%24 08.15%CGL2026 SOV 100,000 103.20 0.14%

Total 10,831.48 14.23%


25 VijayaBank CARE A1+ 3,000 2,782.84 3.65%Total 2,782.84 3.65%



Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND & BWR. 2. Total Expense Ratio (F.Y. beginning to date): RP: 1.14%. DP: 0.60%


AAA 32.50%

AA+ 13.32%

A1+ 3.65%

AA 4.73%

A+ 13.26%

A 6.60%

SOV 14.23%

AA- 6.62%


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

FUND MANAGERDhawal DalalTotal work experience of 16 years. Managing this Scheme since September 2007

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



•Entryload:NotApplicable•Exitload: Holding period <=12 months: 1% Holding period >12 months: Nil

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

- Payout Dividend


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


PORTFOLIO YTM9.41%

25

DSP BlackRock Banking & PSU Debt Fund

Portfolio

ASSET ALLOCATION Money market and debt securities issued by banks and public sector entities/undertakings 80% - 100%;Other debt and money market securities 0% - 20%. Investments in derivatives will be upto 10% of the net assets of the Scheme. The Scheme will participate in repo of corporate debt securities.

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

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



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

•Growth•DailyDividend - Reinvest Dividend •WeeklyDividend - Payout Dividend - Reinvest Dividend •MonthlyDividend - Payout Dividend - Reinvest Dividend •QuarterlyDividend - Payout Dividend - Reinvest Dividend •Dividend - Payout Dividend - Reinvest Dividend


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

Sr. No.

Name of Instrument Rating/Industry

Quantity Market value ( In lakhs)

% to Net Assets


1 Hindustan Petroleum Corporation Limited IND AAA 350 3,558.46 9.20%

2 Steel Authority of India Limited CARE AAA 250 2,629.42 6.80%3 Axis Bank Limited ICRA AAA 250 2,571.45 6.65%4 Power Finance Corporation Limited CRISIL AAA 250 2,553.43 6.60%5 Export-Import Bank of India CRISIL AAA 200 2,067.34 5.35%

6 RuralElectrificationCorporationLimited CRISIL AAA 200 2,043.92 5.29%

7 PetronetLNGLimited ICRA AA+ 200 2,022.37 5.23%




11 RuralElectrificationCorporationLimited CRISIL AAA 50 513.50 1.33%

12 GAIL(India)Limited CARE AAA 50 503.02 1.30%13 GAIL(India)Limited CARE AAA 50 503.02 1.30%14 GAIL(India)Limited CARE AAA 50 502.36 1.30%15 GAIL(India)Limited CARE AAA 50 501.27 1.30%16 Power Finance Corporation Limited CRISIL AAA 40 406.09 1.05%

Total 23,962.68 61.97%


Total 4,086.96 10.57%

MONEY MARkET INSTRUMENTSCertificateofDeposit

18 VijayaBank CARE A1+ 4,000 3,710.45 9.59%19 Andhra Bank CARE A1+ 1,200 1,109.70 2.87%20 ICICI Bank Limited ICRA A1+ 500 463.42 1.20%21 Andhra Bank CARE A1+ 395 376.07 0.97%

Total 5,659.64 14.63%

Commercial Paper

22 Small Industries Development Bank of India CRISIL A1+ 500 2,459.28 6.36%

23 National Bank for Agriculture and Rural Development CRISIL A1+ 500 2,316.49 5.99%

Total 4,775.77 12.35%




FEATURES




A1+ 26.98%

AA+ 5.23%

AAA 56.74%

SOV 10.57%


PORTFOLIO YTM8.27%

26

DSP BlackRock Income Opportunities Fund



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

INCEPTION DATEMay 13, 2003 (Regular Plan)Oct 18, 2005 (Institutional Plan)

PortfolioSr. No.


% to Net Assets


1 National Bank for Agriculture and Rural Development CRISIL AAA 1,950 19,513.49 10.28%

2 Prism Cement Limited ICRA A- 1,000 10,140.50 5.34%3 DLF Emporio Limited CRISIL AA 1,000 10,118.36 5.33%4 Peninsula Land Limited ICRA A 1,000 10,048.57 5.30%

5 RelianceGasTransportationInfrastructure Limited CRISIL AAA 500 5,237.34 2.76%


7 LIC Housing Finance Limited CRISIL AAA 500 5,145.28 2.71%8 Dalmia Cement (Bharat) Limited ICRA AA- 500 5,012.08 2.64%9 Reliance Jio Infocomm Limited CRISIL AAA 500 5,000.96 2.64%10 Punjab National Bank CRISIL AAA 500 4,992.38 2.63%

11 Reliance Utilities and Power Private Limited CRISIL AAA 500 4,966.55 2.62%

12 Power Finance Corporation Limited CRISIL AAA 450 4,687.85 2.47%

13 Fullerton India Credit Company Ltd ICRA AA+ 900 4,605.73 2.43%


15 Sesa Sterlite Limited CRISIL AA+ 310 3,107.85 1.64%

16 Shriram Transport Finance Company Limited CRISIL AA 250 2,550.56 1.34%

17 Mahindra & Mahindra Financial Services Limited IND AAA 250 2,516.30 1.33%

18 LIC Housing Finance Limited CRISIL AAA 250 2,508.79 1.32%

19 Power Finance Corporation Limited CRISIL AAA 250 2,503.87 1.32%

20 IDFC Limited ICRA AAA 250 2,502.67 1.32%





25 Export-Import Bank of India ICRA AAA 30 305.06 0.16%26 Tata Motors Finance Limited CRISIL AA 5 50.50 0.03%

Total 117,470.77 61.92%

Unlisted

27 Samvardhana Motherson International Limited BWR A+ 150 16,891.50 8.90%

28 IL&FS Energy Development Company Limited CARE A- 100 10,055.97 5.30%

29 Coffee Day Enterprises Limited BWR A+ 650 8,024.61 4.23%

30 Coffee Day Natural Resources Private Limited BWR A- 750 7,766.78 4.09%

31 Dalmia Bharat Cements Holdings Limited BWR A+ 5,000 5,031.73 2.65%

32 Dalmia Bharat Cements Holdings Limited BWR A+ 5,000 5,031.68 2.65%

33 KKR India Financial Services Private Limited CRISIL AA 20 2,050.02 1.08%




Total 60,986.52 32.14%


37 ICICI Bank Limited ICRA A1+ 300 278.05 0.15%Total 278.05 0.15%


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

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

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

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

(a)Maturitydateforfixedratesecurities

(b) Interest reset date or repricing dateforfloatingratesecurities

PORTFOLIO YTM10.37%

Commercial Paper

38 JM Financial Credit Solutions Limited ICRA A1+ 1,000 4,585.45 2.42%

39 Small Industries Development Bank of India CRISIL A1+ 500 2,459.28 1.30%

Total 7,044.73 3.72%


Cash & Cash EquivalentNet Receivables/Payables 3,071.82 1.59%Total 3,071.82 1.59%GRAND TOTAL 189,755.47 100.00%

FEATURES




•Entryload:NotApplicable•Exitload: Holding period: <=12 months: 2% >12 months and <= 24 months: 1% > 24 months and <= 36 months: 0.5% > 36 months: Nil

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

A- 14.73%

A 5.30%

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


A1+ 3.87%

AA+ 4.07%

AAA 37.87%

AA- 2.64%

A+ 18.43%

AA 11.02%


27

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


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

FUND MANAGERDhawal DalalTotal work experience of 16 years. Managing this Scheme since May 2007

INCEPTION DATEMay 9, 2007 (Regular Plan)May 9, 2007 (Institutional Plan)

DSP BlackRock Strategic Bond Fund

FEATURES

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

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

thereafter

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

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

Portfolio


Sr. No.


% to Net Assets


1 Small Industries Development Bank of India CARE AAA 1,500 15,032.88 4.25%

2 RelianceGasTransportationInfrastructure Limited CRISIL AAA 1,150 12,045.87 3.41%

3 Sesa Sterlite Limited CRISIL AA+ 1,000 9,961.64 2.82%




7 NTPC Limited CRISIL AAA 250 2,658.82 0.75%


9 Reliance Jio Infocomm Limited CRISIL AAA 250 2,501.18 0.71%

10 Reliance Utilities and Power Private Limited CRISIL AAA 250 2,483.28 0.70%

11 Tata Motors Limited CARE AA+ 135 1,351.92 0.38%








Total 71,027.81 20.10%


20 08.24%CGL2033 SOV 35,000,000 36,585.54 10.34%

21 08.28%CGL2027 SOV 31,000,000 32,167.03 9.09%

22 08.17%CGL2044 SOV 27,500,000 28,723.67 8.12%

23 08.83%CGL2023 SOV 20,800,000 22,113.79 6.25%

24 08.30%CGL2040 SOV 20,500,000 21,533.43 6.09%

25 08.30%CGL2042 SOV 7,000,000 7,357.75 2.08%

26 08.27%CGL2020 SOV 5,000,000 5,108.70 1.44%

Total 201,722.41 57.02%


27 Axis Bank Limited CRISIL A1+ 7,500 6,959.12 1.97%

28 Andhra Bank CARE A1+ 1,750 1,618.32 0.46%

Total 8,577.44 2.43%

Commercial Paper


30 Small Industries Development Bank of India CARE A1+ 2,000 9,897.37 2.80%


32 Power Finance Corporation Limited CRISIL A1+ 1,000 4,983.02 1.41%

33 Power Finance Corporation Limited ICRA A1+ 1,000 4,967.88 1.40%


Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND. 2. Total Expense Ratio (F.Y. beginning to date): IP: 1.15% RP: 1.10% DP: 0.80%

AAA 14.77%

AA+ 5.33%SOV 57.02%


PORTFOLIO YTM8.21%

34 Magma Fincorp Limited CARE A1+ 1,000 4,964.85 1.40%

35 Small Industries Development Bank of India CRISIL A1+ 1,000 4,918.56 1.39%

36 TGSInvestmentandTradePrivateLimited ICRA A1+ 500 2,481.86 0.70%

37 Birla TMT Holdings Private Limited CRISIL A1+ 500 2,481.80 0.70%

38 Birla TMT Holdings Private Limited CRISIL A1+ 500 2,478.37 0.70%

39 National Bank for Agriculture and Rural Development CRISIL A1+ 500 2,316.49 0.65%

Total 63,249.61 17.87%


Total 10,438.55 2.95%

Cash & Cash Equivalent

Net Receivables/Payables (1,313.26) (0.37%)

Total (1,313.26) (0.37%)GRAND TOTAL 353,702.56 100.00%

A1+ 20.30%

28

DSP BlackRock Bond Fund

Portfolio


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

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

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

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

INCEPTION DATEApr 29, 1997

Sr. No.

Name of Instrument Rating/Industry

Quantity Market value ( In lakhs)

% to Net Assets


1 Steel Authority of India Limited CARE AAA 250 2,629.42 8.33%

2 RelianceGasTransportationInfrastructure Limited CRISIL AAA 150 1,571.20 4.98%

Total 4,200.62 13.31%

Unlisted3 Sanmar Engineering Services Limited Unrated 2,500 2,758.65 8.74%

Total 2,758.65 8.74%

Securitised Debt Instruments4 India MBS PTC Series 1D (LIC HF) CRISIL AAA 7 17.41 0.06%

Total 17.41 0.06%

CENTRAL GOVERNMENT SECURITIES5 08.24%CGL2033 SOV 7,500,000 7,839.76 24.83%6 08.60%CGL2028 SOV 6,500,000 6,952.47 22.02%7 08.30%CGL2042 SOV 2,500,000 2,627.77 8.32%8 08.15%CGL2026 SOV 2,000,000 2,064.03 6.54%9 08.83%CGL2023 SOV 1,500,000 1,594.74 5.05%10 08.17%CGL2044 SOV 1,500,000 1,566.75 4.96%11 08.28%CGL2027 SOV 500,000 518.82 1.64%

Total 23,164.34 73.36%

MONEY MARkET INSTRUMENTS12 CBLO / Reverse Repo Investments 3,289.65 10.42%

Total 3,289.65 10.42%



Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND. 2. Total Expense Ratio (F.Y. beginning to date): RP: 2.10% DP: 1.45%


FEATURES




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

•Growth•MonthlyDividend - Payout Dividend

- Reinvest Dividend•Dividend - Payout Dividend

- Reinvest Dividend

AAA 13.37%

SOV 73.36%


PORTFOLIO YTM8.73%

29

DSP BlackRock Government Securities Fund

Portfolio FUND MANAGER Dhawal DalalTotal work experience of 16 years. Managing this Scheme since May 2003

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

INVESTMENT OBJECTIVEAn Open Ended income Scheme, seeking to generate income through investmentinCentralGovernmentSecurities of various maturities.


Sr. No.


% to Net Assets

DEBT INSTRUMENTSCENTRAL GOVERNMENT SECURITIES

1 08.60%CGL2028 SOV 20,000,000 21,392.22 43.21%2 08.30%CGL2042 SOV 6,500,000 6,832.20 13.80%3 08.17%CGL2044 SOV 6,000,000 6,266.98 12.66%4 08.24%CGL2033 SOV 5,000,000 5,226.50 10.56%5 08.15%CGL2026 SOV 4,500,000 4,644.07 9.38%6 08.30%CGL2040 SOV 3,500,000 3,676.44 7.43%7 08.83%CGL2023 SOV 100,000 106.32 0.21%

Total 48,144.73 97.25%



Total 1,737.23 3.51%






FEATURES



•Optionsavailable:(DP&RP)


•ExitLoad: Holding Period: <=7 calendar days: 0.10% >7 calendar days: Nil


- Reinvest Dividend•MonthlyDividend - Payout Dividend - Reinvest Dividend

SOV 97.25%

CASH & EQUIVALENT2.75%

PORTFOLIO YTM7.83%

30

DSP BlackRock Constant Maturity 10Y G-Sec Fund

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

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

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


Sr. No.


% to Net Assets

DEBT INSTRUMENTSCENTRAL GOVERNMENT SECURITIES

1 08.40%CGL2024 SOV 3,000,000 3,129.75 48.21%2 08.15%CGL2026 SOV 2,962,000 3,056.83 47.08%3 08.83%CGL2023 SOV 100,000 106.32 1.64%

Total 6,292.90 96.93%



Total 39.94 0.62%




FEATURES

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


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

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



SOV 96.93%


PORTFOLIO YTM7.70%

31

Comparative Performance of all schemes

FUND MANAGER - Apoorva Shah


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

31 March 2014 to 31 March 2015 50.33% 33.56% 26.65%

28 March 2013 to 31 March 2014 17.91% 17.72% 17.98%

30 March 2012 to 28 March 2013 (0.04%) 5.13% 7.31%

SinceInception(CAGR) 22.15% 13.76% 12.32%

SinceInception(Value*) 361,466 100,887 80,297

NAV/IndexValue(asof31-Mar-15) 59.0360 6,978.15 8,491.00

Date of allotment Apr 29, 1997

^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returns are for Regular Plan - Reinvest Dividend Option, assuming reinvestment of dividend. Since inception returns have been calculated from the date of allotment till 31 March 2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

FUND MANAGER - Vinit Sambre


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

31 March 2014 to 31 March 2015 31.42% 27.57% 26.65%

28 March 2013 to 31 March 2014 23.94% 25.73% 17.98%

30 March 2012 to 28 March 2013 11.30% 9.50% 7.31%




Date of allotment May 16, 2000

^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforRegularPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateof allotment till 31 March 2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


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

31 March 2014 to 31 March 2015 36.87% 28.32% 26.65%

28 March 2013 to 31 March 2014 15.67% 18.11% 17.98%

30 March 2012 to 28 March 2013 2.64% 6.84% 7.31%




Date of allotment Mar 10, 2003


FUND MANAGER - Apoorva Shah, Vinit Sambre


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

31 March 2014 to 31 March 2015 64.86% 50.96% 26.65%

28 March 2013 to 31 March 2014 26.34% 16.36% 17.98%

30 March 2012 to 28 March 2013 1.62% (4.02%) 7.31%




Date of allotment Nov 14, 2006


FUND MANAGER - Vinit Sambre, Jay kothari


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

31 March 2014 to 31 March 2015 97.83% 53.99% 26.65%

28 March 2013 to 31 March 2014 35.14% 21.83% 17.98%

30 March 2012 to 28 March 2013 (0.82%) (12.44%) 7.31%




Date of allotment Jun 14, 2007


FUND MANAGER - harish Zaveri, Jay kothari

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

31 March 2014 to 31 March 2015 55.66% 31.93% 26.65%

28 March 2013 to 31 March 2014 12.95% 17.19% 17.98%

30 March 2012 to 28 March 2013 3.91% 6.03% 7.31%








Period DSPBR Opportunities Fund CNx 500^ CNx Nifty#

31 March 2014 to 31 March 2015 47.45% 33.56% 26.65%

28 March 2013 to 31 March 2014 20.44% 17.72% 17.98%

30 March 2012 to 28 March 2013 7.61% 5.13% 7.31%






FUND MANAGER - Vinit Sambre, Dhawal Dalal

DSP BlackRock Balanced Fund (DSPBRBaLF)

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

31 March 2014 to 31 March 2015 43.48% 22.53% 26.65%

28 March 2013 to 31 March 2014 12.02% 13.40% 17.98%

30 March 2012 to 28 March 2013 2.06% 8.18% 7.31%

SinceInception(CAGR) 16.14% NA# 13.81%

SinceInception(Value*) 107,183 NA1 77,795.59



^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforRegularPlan-GrowthOption.1Since historical data is not available, performance has not been compared. Since inception returns have been calculated from the date of allotment till 31 March 2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.RP- Regular Plan, IP- Institutional Plan

32


FUND MANAGER - Rohit Singhania, Jay kothari

FUND MANAGER - Rohit Singhania

DSP BlackRock India T.I.G.E.R. Fund (DSPBRITF) (TheInfrastructureGrowthandEconomicReformsFund)

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

31 March 2014 to 31 March 2015 57.36% 28.32% 26.65%

28 March 2013 to 31 March 2014 13.72% 18.11% 17.98%

30 March 2012 to 28 March 2013 (1.81%) 6.84% 7.31%






FUND MANAGER - Jay kothari

DSP BlackRock world Gold Fund (DSPBRwGF)

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

28 March 2014 to 31 March 2015 (15.90%) (21.67%) 26.81%

28 March 2013 to 28 March 2014 (21.94%) (29.93%) 17.83%

30 March 2012 to 28 March 2013 (17.62%) (20.34%) 7.31%

SinceInception(CAGR) (0.58%) (5.11%) 8.72%



Date of allotment Sep 14, 2007



PeriodDSPBR Natural

Resources and New Nergy Fund

Composite Benchmark^ CNx Nifty#

31 March 2014 to 31 March 2015 33.86% (8.63%) 26.65%

28 March 2013 to 31 March 2014 18.71% 19.92% 17.98%

30 March 2012 to 28 March 2013 (13.73%) (0.02%) 7.31%

SinceInception(CAGR) 9.08% (1.01%) 7.59%


NAV/IndexValue(asof31-Mar-15) 18.2710 93.22 8,491.00


^SchemeBenchmark(CompositeBenchmark=30%S&PBSEMetals+35%S&PBSEOil&Gas+35%MSCIWorldEnergyIndex-Net&ExpressedinINR;NormalisedValues)#StandardBenchmark.*Basedoninvestmentof 10,000madeatinception.AllreturnsareforRegularPlan-GrowthOption.Sinceinceptionreturnshave been calculated from the date of allotment till 31 March 2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.



Period DSPBR Tax Saver Fund CNx 500^ CNx Nifty#

31 March 2014 to 31 March 2015 50.32% 33.56% 26.65%

28 March 2013 to 31 March 2014 22.66% 17.72% 17.98%

30 March 2012 to 28 March 2013 10.47% 5.13% 7.31%




Date of allotment Jan 18, 2007



DSP BlackRock world Energy Fund (DSPBRwEF)

Period DSPBR world Energy Fund


28 March 2014 to 31 March 2015 (7.57%) (5.31%) 26.81%

28 March 2013 to 28 March 2014 18.78% 26.69% 17.83%

30 March 2012 to 28 March 2013 3.37% 13.40% 7.31%




Date of allotment Aug 14, 2009

^Scheme Benchmark (Composite Benchmark = 30% MSCI World Index + 70% MSCI World Energy Index - Net &ExpressedinINR;NormalisedValues)#StandardBenchmark.*Basedoninvestmentof 10,000 made at inception.AllreturnsareforRegularPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfrom the date of allotment till 31 March 2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


DSP BlackRock world Mining Fund (DSPBRwMF)

Period DSPBR world Mining Fund

hSBC Mining Index^ CNx Nifty#

28 March 2014 to 31 March 2015 (24.55%) (23.05%) 26.81%

28 March 2013 to 28 March 2014 (2.12%) (4.60%) 17.83%

30 March 2012 to 28 March 2013 (16.71%) (11.81%) 7.31%




Date of allotment Dec 29, 2009


FUND MANAGER - Jay kothari, Laukik Bagwe

DSP BlackRock US Flexible~ Equity Fund (DSPBRUSFEF)

Period DSPBR US Flexible Equity Fund

Russell 1000 Index^ CNx Nifty#

28 March 2014 to 31 March 2015 12.29% 18.30% 26.81%

28 March 2013 to 28 March 2014 31.63% 33.40% 17.83%




Date of allotment Aug 3, 2012


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


DSP BlackRock world Agriculture Fund (DSPBRwAF)

Period DSPBR world Agriculture Fund

DAx Global Agribusiness

Index^CNx Nifty#

28 March 2014 to 31 March 2015 2.05% 2.71% 26.81%

28 March 2013 to 28 March 2014 15.38% 12.41% 17.83%




Date of allotment Oct 19, 2011


RP- Regular Plan, IP- Institutional Plan

33


FUND MANAGER - Dhawal Dalal

DSPBR Banking & PSU Debt Fund - RP (DSPBRBPDF)

PeriodDSPBR Banking & PSU Debt Fund

CRISIL Short Term Bond Fund Index^

Crisil 1 Year T-Bill Index#

28 March 2014 to 31 March 2015 10.79% 10.40% 8.82%





^Scheme Benchmark. #Standard Benchmark.*Based on investment of 10,000 made at inception. All returnsareforRegularPlan-GrowthOption.1Since historical data is not available, performance has not been compared. Since inception returns have been calculated from the date of allotment till 31 March 2015. In case of allotment date is a non-business day, the Benchmark returns are computed using the latest available benchmark value on the allotment date. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

FUND MANAGER - Dhawal Dalal, Vivek Ved

DSP BlackRock Treasury Bill Fund - RP (DSPBRTBF)

Period DSPBR Treasury Bill Fund

CRISIL Composite T-Bill

Index^


Last 7 days 13.19% 14.94% 17.17%

Last 15 days 10.24% 11.77% 14.71%

Last 1 Month 9.07% 9.98% 11.19%

28 March 2014 to 31 March 2015 8.22% 8.90% 8.82%

28 March 2013 to 28 March 2014 10.11% 7.81% 5.77%

30 March 2012 to 28 March 2013 7.78% 8.41% 8.33%

SinceInception(CAGR) 6.90% NA1 6.42%

SinceInception(Value*) 28,145 NA1 26,241



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

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

FUND MANAGER - Dhawal Dalal, Vinit Sambre

DSP BlackRock MIP Fund~ (DSPBRMIPF)

Period DSPBR MIP Fund CRISIL MIP Blended Index^


28 March 2014 to 31 March 2015 17.95% 16.54% 8.82%

28 March 2013 to 28 March 2014 8.45% 6.44% 5.77%

30 March 2012 to 28 March 2013 7.38% 9.06% 8.33%


SinceInception(Value*) 28,933 23,746 18,381.00



^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforRegularPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateof allotment till March 31, 2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.



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


28 March 2014 to 31 March 2015 10.55% 10.40% 8.82%

28 March 2013 to 28 March 2014 8.19% 8.78% 5.77%

30 March 2012 to 28 March 2013 9.71% 9.05% 8.33%





^Scheme Benchmark. #Standard Benchmark.*Based on investment of 10,000 made at inception. All returnsareforRegularPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateof allotment till 31 March 2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

FUND MANAGER - Laukik Bagwe

DSP BlackRock Liquidity Fund - RP (DSPBRLF)

Period DSPBR Liquidity Fund - RP

Crisil Liquid Fund Index^

Crisil 91 Day T-Bill Index#

Last 7 days till 31 March 2015 11.64% 13.63% 12.87%


Last 1 Month till 31 March 2015 8.95% 9.51% 9.07%

28 March 2014 to 31 March 2015 8.92% 9.06% 8.92%

28 March 2013 to 28 March 2014 9.04% 9.46% 8.58%

30 March 2012 to 28 March 2013 9.00% 8.17% 8.46%

SinceInception(CAGR) 7.22% NA1 6.57%

SinceInception(Value*) 32,869 NA1 29,632


Date of allotment Mar 11, 1998

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


DSP BlackRock Liquidity Fund - IP (DSPBRLF)

Period DSPBR Liquidity Fund - IP






28 March 2014 to 31 March 2015 9.07% 9.06% 8.92%

28 March 2013 to 28 March 2014 9.29% 9.46% 8.58%

30 March 2012 to 28 March 2013 9.27% 8.17% 8.46%



NAV/IndexValue(asof31-Mar-15) 1,999.4756 2,320.50 4,054.57


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


DSP BlackRock Money Manager Fund - RP (DSPBRMMF)

Period DSPBR Money Manager Fund - RP



28 March 2014 to 31 March 2015 8.70% 9.06% 8.82%

28 March 2013 to 28 March 2014 9.39% 9.46% 5.77%

30 March 2012 to 28 March 2013 8.66% 8.17% 8.33%




Date of allotment Jul 31, 2006



DSP BlackRock Money Manager Fund - IP (DSPBRMMF)

Period DSPBR Money Manager Fund - IP



28 March 2014 to 31 March 2015 9.08% 9.06% 8.82%

28 March 2013 to 28 March 2014 9.88% 9.46% 5.77%

30 March 2012 to 28 March 2013 9.29% 8.17% 8.33%




Date of allotment Jul 31, 2006

^Scheme Benchmark. #Standard Benchmark.*Based on investment of 10,000 made at inception. All returnsareforInstitutionalPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedate of allotment till 31 March 2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

RP- Regular Plan, IP- Institutional Plan

34



DSP BlackRock Government Securities Fund (DSPBRGSF)

Period DSPBR Government Securities Fund

CRISIL Long Term Gilt Index^

Crisil 10 Year Gilt Index#

28 March 2014 to 31 March 2015 16.04% 16.68% 14.63%

28 March 2013 to 28 March 2014 0.65% 0.80% (1.01%)

30 March 2012 to 28 March 2013 9.81% 13.02% 11.25%

SinceInception(CAGR) 10.15% NA1 NA1

SinceInception(Value*) 44,808 NA1 NA1



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



Period DSPBR Bond Fund Crisil Composite Bond Fund Index^


28 March 2014 to 31 March 2015 14.84% 14.67% 14.63%

28 March 2013 to 28 March 2014 2.97% 4.32% (1.01%)

30 March 2012 to 28 March 2013 10.16% 9.24% 11.25%

SinceInception(CAGR) 8.65% NA1 NA1

SinceInception(Value*) 44,283 NA1 NA1



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


DSP BlackRock Strategic Bond Fund - IP (DSPBRSBF)

Period DSPBR Strategic Bond Fund - IP

Crisil Composite Bond Fund Index^


28 March 2014 to 31 March 2015 15.24% 14.67% 14.63%

28 March 2013 to 28 March 2014 6.21% 4.32% (1.01%)

30 March 2012 to 28 March 2013 10.21% 9.24% 11.25%





^Scheme Benchmark. #Standard Benchmark.*Based on investment of 10,000 made at inception. All returnsareforInstitutionalPlan-GrowthOption.SinceinceptionreturnshavebeencalculatedfromNov12,2008astherewerenoinvestorsinthisplanforasignificiantperiodbeforethisdate.Sinceinceptionreturns have been calculated from the date of allotment till 31 March 2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


DSP BlackRock Strategic Bond Fund - RP (DSPBRSBF)

Period DSPBR Strategic Bond Fund - RP


CRISIL 10 Year Gilt Index#

28 March 2014 to 31 March 2015 15.30% 14.67% 14.63%

28 March 2013 to 28 March 2014 6.16% 4.32% (1.01%)

30 March 2012 to 28 March 2013 9.94% 9.24% 11.25%







DSP BlackRock Income Opportunities Fund - RP (DSPBRIOF)

PeriodDSPBR Income Opportunities

Fund - RP

Composite Benchmark^

Crisil 1 Year T-Bill

Index#28 March 2014 to 31 March 2015 11.17% 12.41% 8.82%

28 March 2013 to 28 March 2014 8.54% 6.63% 5.77%

30 March 2012 to 28 March 2013 9.02% 9.14% 8.33%





^Scheme Benchmark (Composite Benchmark = 50% of CRISIL Short Term Bond Fund Index + 50% of CRISIL CompositeBondFundIndex;NormalisedValues).#StandardBenchmark.*Basedoninvestmentof 10,000 madeat inception.All returnsare forRegularPlan -GrowthOption.Since inception returnshavebeencalculated from the date of allotment till 31 March 2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


DSP BlackRock Income Opportunities Fund - IP (DSPBRIOF)


Fund - IP



28 March 2014 to 31 March 2015 11.73% 12.41% 8.82%

28 March 2013 to 28 March 2014 9.15% 6.63% 5.77%

30 March 2012 to 28 March 2013 9.83% 9.14% 8.33%



NAV/IndexValue(asof31-Mar-15) 2,054.6293 214.98 4,134.42

Date of allotment Oct 18, 2005

^Scheme Benchmark (Composite Benchmark = 50% of CRISIL Short Term Bond Fund Index + 50% of CRISIL CompositeBondFundIndex;NormalisedValues).#StandardBenchmark.*Basedoninvestmentof 10,000 madeatinception.AllreturnsareforInstitutionalPlan-GrowthOption.Sinceinceptionreturnshavebeencalculated from the date of allotment till 31 March 2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

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

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

TheS&PBSE100,S&PBSE200,S&PBSESmallCap,S&PBSETeck,S&PBSEMetals,S&PBSEOilandGas&S&PBSE SENSEX are product of Asia Index Private Limited, which is a joint venture of S&P Dow Jones Indices LLC oritsaffiliates(“SPDJI”)andBSE,andhasbeenlicensedforusebyDSPBlackRockInvestmentManagersPvt.Ltd. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); BSE® is a registered trademark of BSE Limited (“BSE”); and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). © Asia Index Private Limited 2014. All rights reserved.

Note: (a) All returns are absolute unless otherwise mentioned. (b) Load is not taken into consideration for computation of performance. (c)DSPBlackRockGlobalAllocationFundandDSPBlackRockConstantMaturity10YG-SecFundhasnot

completed 1 year hence performance data of the same is not provided.

FUND MANAGER - Apoorva Shah, Dhawal Dalal

DSP BlackRock Dynamic Asset Allocation Fund (DSPBRDAAF)

Period DSPBR Dynamic Asset Allocation Fund

CRISIL Balanced Fund Index^ S&P CNx Nifty#

31 March 2014 to 31 March 2015 13.06% 22.66% 26.81%






35

Comparative Performance of all schemes - Direct Plan

FUND MANAGER - Rohit Singhania

DSP BlackRock India T.I.G.E.R. Fund (DSPBRITF) (TheInfrastructureGrowthandEconomicReformsFund)

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

31 March 2014 to 31 March 2015 58.20% 28.32% 26.65%

28 March 2013 to 31 March 2014 14.26% 18.11% 17.98%





^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforDirectPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateofallotment till 31 March 2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.



Period DSPBR Tax Saver Fund CNx 500^ CNx Nifty#

31 March 2014 to 31 March 2015 51.25% 33.56% 26.65%

28 March 2013 to 31 March 2014 23.26% 17.72% 17.98%






FUND MANAGER - Apoorva Shah, Vinit Sambre



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

31 March 2014 to 31 March 2015 51.20% 33.56% 26.65%

28 March 2013 to 31 March 2014 18.57% 17.72% 17.98%





^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returns are for Direct Plan - Reinvest Dividend Option, assuming reinvestment of dividend. Since inception returns have been calculated from the date of allotment till 31 March 2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

FUND MANAGER - Vinit Sambre


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

31 March 2014 to 31 March 2015 32.12% 27.57% 26.65%

28 March 2013 to 31 March 2014 24.62% 25.73% 17.98%







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

31 March 2014 to 31 March 2015 37.62% 28.32% 26.65%

28 March 2013 to 31 March 2014 16.30% 18.11% 17.98%







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

31 March 2014 to 31 March 2015 65.99% 50.96% 26.65%

28 March 2013 to 31 March 2014 27.09% 16.36% 17.98%






FUND MANAGER - Vinit Sambre, Jay kothari


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

31 March 2014 to 31 March 2015 99.18% 53.99% 26.65%

28 March 2013 to 31 March 2014 35.99% 21.83% 17.98%






FUND MANAGER - Apoorva Shah, Jay kothari

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

31 March 2014 to 31 March 2015 56.67% 31.93% 26.65%

28 March 2013 to 31 March 2014 13.54% 17.19% 17.98%








Period DSPBR Opportunities Fund CNx 500^ CNx Nifty#

31 March 2014 to 31 March 2015 48.23% 33.56% 26.65%

28 March 2013 to 31 March 2014 21.08% 17.72% 17.98%







DSP BlackRock Balanced Fund (DSPBRBaLF)

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

31 March 2014 to 31 March 2015 44.35% 22.53% 26.65%

28 March 2013 to 31 March 2014 12.62% 13.40% 17.98%





^Scheme Benchmark. #Standard Benchmark. *Based on investment of ` 10,000 made at inception. All returnsareforDirectPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateofallotment till 31 March 2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

36

Comparative Performance of all schemes - Direct PlanFUND MANAGER - Rohit Singhania, Jay kothari FUND MANAGER - Jay kothari

DSP BlackRock world Gold Fund (DSPBRwGF)

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

28 March 2014 to 31 March 2015 (15.55%) (21.67%) 26.81%

28 March 2013 to 28 March 2014 (21.65%) (29.93%) 17.83%







PeriodDSPBR Natural

Resources and New Nergy Fund


31 March 2014 to 31 March 2015 34.50% (8.63%) 26.65%

28 March 2013 to 31 March 2014 19.31% (19.92%) 17.98%







DSP BlackRock world Energy Fund (DSPBRwEF)

Period DSPBR world Energy Fund


28 March 2014 to 31 March 2015 (7.31%) (5.31%) 26.81%

28 March 2013 to 28 March 2014 19.06% 26.69% 17.83%SinceInception(CAGR) 6.74% 10.38% 16.70%SinceInception(Value*) 11,572 12,473 14,129NAV/IndexValue(asof31-Mar-15) 13.1562 188.68 8,491.00Date of allotment Jan 03, 2013



DSP BlackRock world Mining Fund (DSPBRwMF)

Period DSPBR world Mining Fund

hSBC Mining Index^ CNx Nifty#

28 March 2014 to 31 March 2015 (24.16%) (23.05%) 26.81%

28 March 2013 to 28 March 2014 (1.66%) (4.60%) 17.83%






FUND MANAGER - Jay kothari, Laukik Bagwe

DSP BlackRock US Flexible~ Equity Fund (DSPBRUSFEF)

Period DSPBR US Flexible Equity Fund

Russell 1000 Index^ CNx Nifty#

28 March 2014 to 31 March 2015 12.91% 18.30% 26.81%

28 March 2013 to 28 March 2014 32.47% 33.40% 17.83%






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

FUND MANAGER - Jay kothariDSP BlackRock world Agriculture Fund (DSPBRwAF)

Period DSPBR world Agriculture Fund

DAx Global Agribusiness

Index^CNx Nifty#

28 March 2014 to 31 March 2015 2.37% 2.71% 26.81%

28 March 2013 to 28 March 2014 15.77% 12.41% 17.83%SinceInception(CAGR) 7.72% 7.26% 16.82%SinceInception(Value*) 11,813 11,700 14,168NAV/IndexValue(asof31-Mar-15) 14.6545 41,214.22 8,491.00Date of allotment Jan 02, 2013

^Scheme Benchmark. #Standard Benchmark. *Based on investment of ` 10,000 made at inception. All returnsareforDirectPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateofallotment till 31 March 2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

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

FUND MANAGER - Dhawal Dalal, Vinit SambreDSP BlackRock MIP Fund~ (DSPBRMIPF)

Period DSPBR MIP Fund CRISIL MIP Blended Index^


28 March 2014 to 31 March 2015 18.66% 16.54% 8.82%

28 March 2013 to 28 March 2014 9.07% 6.44% 5.77%SinceInception(CAGR) 11.65% 10.41% 7.39%SinceInception(Value*) 12,802 12,484 11,732.35NAV/IndexValue(asof31-Mar-15) 29.3537 2,936.22 4,134.42Date of allotment Jan 02, 2013



DSP BlackRock Liquidity Fund (DSPBRLF)

Period DSPBR Liquidity Fund Crisil Liquid Fund Index^





28 March 2014 to 31 March 2015 9.13% 9.06% 8.92%

28 March 2013 to 28 March 2014 9.35% 9.46% 8.58%




Date of allotment Dec 31, 2012

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


DSP BlackRock Dynamic Asset Allocation Fund (DSPBRDAAF)

Period DSPBR Dynamic Asset Allocation Fund

CRISIL Balanced Fund Index^ S&P CNx Nifty#

31 March 2014 to 31 March 2015 14.08% 22.66% 26.81%SinceInception(CAGR) 14.49% 27.31% 34.71%SinceInception(Value*) 11,676 13,186 14,066.56NAV/IndexValue(asof31-Mar-15) 11.6758 5,230.30 8,491.00Date of allotment Jan 01, 2013


37

Comparative Performance of all schemes - Direct Plan


DSP BlackRock Income Opportunities Fund (DSPBRIOF)


Fund


Crisil 1 Year T-Bill

Index#28 March 2014 to 31 March 2015 11.73% 12.41% 8.82%

28 March 2013 to 28 March 2014 9.14% 6.63% 5.77%





^Scheme Benchmark (Composite Benchmark = 50% of CRISIL Short Term Bond Fund Index + 50% of CRISIL CompositeBondFundIndex;NormalisedValues).#StandardBenchmark.*Basedoninvestmentof 10,000 made at inception.All returns are for Direct Plan - GrowthOption. Since inception returns have beencalculated from the date of allotment till 31 March 2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


DSP BlackRock Money Manager Fund (DSPBRMMF)

Period DSPBR Money Manager Fund



28 March 2014 to 31 March 2015 9.19% 9.06% 8.82%

28 March 2013 to 28 March 2014 9.95% 9.46% 5.77%







DSP BlackRock Government Securities Fund (DSPBRGSF)

Period DSPBR Government Securities Fund

CRISIL Long Term Gilt Index^


28 March 2014 to 31 March 2015 16.33% 16.68% 14.63%

28 March 2013 to 28 March 2014 0.87% 0.80% (1.01%)







DSPBR Banking & PSU Debt Fund (DSPBRBPDF)

PeriodDSPBR Banking & PSU Debt Fund

CRISIL Short Term Bond Fund Index^


28 March 2014 to 31 March 2015 10.79% 10.40% 8.82%





^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returnsareforDirectPlan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateofallotment till 31 March 2015. In case of allotment date is a non-business day, the Benchmark returns are computed using the latest available benchmark value on the allotment date. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.



Period DSPBR Bond Fund Crisil Composite Bond Fund Index^


28 March 2014 to 31 March 2015 15.60% 14.67% 14.63%

28 March 2013 to 28 March 2014 3.68% 4.32% (1.01%)






FUND MANAGER - Dhawal DalalDSP BlackRock Strategic Bond Fund (DSPBRSBF)

Period DSPBR Strategic Bond Fund


CRISIL 10 Year Gilt Index#

28 March 2014 to 31 March 2015 15.65% 14.67% 14.63%

28 March 2013 to 28 March 2014 6.59% 4.32% (1.01%)






FUND MANAGER - Dhawal Dalal, Vivek Ved

DSP BlackRock Treasury Bill Fund (DSPBRTBF)

Period DSPBR Treasury Bill Fund

CRISIL Composite T-Bill

Index^





28 March 2014 to 31 March 2015 8.49% 8.90% 8.82%

28 March 2013 to 28 March 2014 10.37% 7.81% 5.77%




Date of allotment 01-Jan-13

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

DSPBREF, DSPBROF and DSPBRTSF, which are benchmarked to the CNX 500 Index, are not sponsored, endorsed, sold or promoted by India Index Services & products Limited (IISL). IISL is not responsible for any errors or omissionsortheresultsobtainedfromtheuseofsuchindexandinnoeventshallIISLhaveanyliabilitytoanypartyforanydamagesofwhatsoevernature(includinglostprofits)resultedtosuchpartyduetopurchaseor sale or otherwise, of DSPBREF, DSPBROF or DSPBRTSF marked to such index. DSPBRSMF, which is benchmarked to the CNX Midcap Index, is not sponsored, endorsed, sold or promoted by India Index Services & products Limited (IISL). IISL is not responsible for any errors or omissions or the results obtainedfromtheuseofsuchindexandinnoeventshallIISLhaveanyliabilitytoanypartyforanydamagesofwhatsoevernature(includinglostprofits)resultedtosuchpartyduetopurchaseorsaleorotherwiseofDSPBRSMF marked to such index. 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® is a registered trademark of BSE Limited (“BSE”); and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). © Asia Index Private Limited 2014. All rights reserved. Note:(a)Allreturnsareabsoluteunlessotherwisementioned.(b)Loadisnottakenintoconsiderationforcomputationofperformance.(c)DSPBlackRockGlobalAllocationFundandDSPBlackRockConstantMaturity10YG-SecFundhasnotcompleted1yearhenceperformancedataofthesameisnotprovided.



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


28 March 2014 to 31 March 2015 11.16% 10.40% 8.82%

28 March 2013 to 28 March 2014 8.73% 8.78% 5.77%






38

SIP Investment Performance of all Equity oriented schemes (as on Mar 31, 2015)

DSP BlackRock Equity Fund (DSPBREF) - RP - Dividend

SIP Investments Since Inception* 15 Years 12 Years 10 Years 8 Years 5 Years 3 Years 1 Year

Total Amount Invested (Rs’000) 216.00 180.00 144.00 120.00 96.00 60.00 36.00 12.00

SchemeMarketValue(Rs’000) 1,991.74 1,170.08 520.46 271.71 174.09 87.82 49.70 12.52

Benchmark^MarketValue(Rs’000) 1,023.87 684.30 367.61 230.89 163.06 88.97 50.69 13.29

Standard Benchmark^^ MarketValue(Rs’000) 914.03 632.89 363.86 229.77 158.99 86.34 48.66 12.99

Scheme Return Yield (%) 21.43 22.29 19.87 15.61 14.50 15.24 22.17 8.22

Benchmark^ Return Yield (%) 15.38 16.20 14.67 12.57 12.92 15.78 23.60 20.69

Standard Benchmark^^ Return Yield(%) 14.33 15.30 14.52 12.48 12.31 14.55 20.64 15.76

^CNX 500 Index; ^CNX Nifty Index; *Inception date : 29-Apr-1997. All returns are for Regular Plan - Reinvest Dividend Option, assuming reinvestment of dividend. Since inception returns have been calculated from the date of allotment till 31 March 2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

DSP BlackRock Opportunities Fund (DSPBROF) - RP - Growth


Total Amount Invested (Rs’000) 179.00 -- 144.00 120.00 96.00 60.00 36.00 12.00

SchemeMarketValue(Rs’000) 1,175.04 -- 506.12 283.31 192.09 99.44 56.20 14.16

Benchmark^MarketValue(Rs’000) 679.30 -- 367.61 230.89 163.06 88.97 50.69 13.29

Standard Benchmark^^ MarketValue(Rs’000) 627.49 -- 363.86 229.77 158.99 86.34 48.66 12.99

Scheme Return Yield (%) 22.54 -- 19.46 16.39 16.87 20.34 31.26 35.23

Benchmark^ Return Yield (%) 16.28 -- 14.67 12.57 12.92 15.78 23.60 20.69

Standard Benchmark^^ Return Yield(%) 15.36 -- 14.52 12.48 12.31 14.55 20.64 15.76

^CNX 500 Index; ^^CNXNiftyIndex;*Inceptiondate:16-May-2000.AllreturnsareforRegularPlan-GrowthOption. Since inception returns have been calculated from the date of allotment till 31 March 2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

DSP BlackRock Small and Midcap Fund (DSPBRSMF) - RP - Growth


Total Amount Invested (Rs’000) 101.00 -- -- -- 96.00 60.00 36.00 12.00

SchemeMarketValue(Rs’000) 259.01 -- -- -- 241.62 114.02 63.31 14.73

Benchmark^MarketValue(Rs’000) 193.86 -- -- -- 181.13 94.99 55.29 14.03

Standard Benchmark^^ MarketValue(Rs’000) 169.71 -- -- -- 158.99 86.34 48.66 12.99

Scheme Return Yield (%) 21.62 -- -- -- 22.40 26.02 40.44 45.01

Benchmark^ Return Yield (%) 15.03 -- -- -- 15.46 18.45 30.04 33.03

Standard Benchmark^^ Return Yield(%) 12.00 -- -- -- 12.31 14.55 20.64 15.76

^CNX Midcap; ^^CNXNiftyIndex;*Inceptiondate:14-Nov-2006.AllreturnsareforRegularPlan-GrowthOption. Since inception returns have been calculated from the date of allotment till 31 March 2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

DSP BlackRock India T.I.G.E.R. Fund (DSPBRITF) (TheInfrastructureGrowthandEconomicReformsFund) - RP - Growth


Total Amount Invested (Rs’000) 130.00 -- -- 120.00 96.00 60.00 36.00 12.00

SchemeMarketValue(Rs’000) 306.68 -- -- 245.69 167.04 95.95 57.02 14.33

Benchmark^MarketValue(Rs’000) 279.70 -- -- 230.83 159.96 86.80 49.16 13.04

Standard Benchmark^^ MarketValue(Rs’000) 277.44 -- -- 229.77 158.99 86.34 48.66 12.99

Scheme Return Yield (%) 15.03 -- -- 13.73 13.50 18.86 32.35 38.02

Benchmark^ Return Yield (%) 13.47 -- -- 12.57 12.46 14.77 21.37 16.62

Standard Benchmark^^ Return Yield(%) 13.33 -- -- 12.48 12.31 14.55 20.64 15.76

^S&P BSE 100; ^^CNXNiftyIndex;*Inceptiondate:11-Jun-2004.AllreturnsareforRegularPlan-GrowthOption. Since inception returns have been calculated from the date of allotment till 31 March 2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

DSPBlackRockMutualFundoffersflexibleandconvenientSystematicInvestmentPlan(SIP)facility.ToillustratetheadvantagesofSIPinvestments,thisishowyour investments would have grown if you had invested say `1,000/-systematicallyonthefirstBusinessDayofeverymonthoveraperiodoftime.

DSP BlackRock Top 100 Equity Fund (DSPBRTEF) - RP - Growth



SchemeMarketValue(Rs’000) 507.43 -- 491.26 273.75 175.73 90.53 50.57 13.40






^S&P BSE 100; ^^CNXNiftyIndex;*Inceptiondate:10-Mar-2003.AllreturnsareforRegularPlan-GrowthOption. Since inception returns have been calculated from the date of allotment till 31 March 2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

DSP BlackRock Tax Saver Fund (DSPBRTSF) - RP - Growth


Total Amount Invested (Rs’000) 99.00 -- -- -- 96.00 60.00 36.00 12.00

SchemeMarketValue(Rs’000) 215.68 -- -- -- 205.96 104.97 57.62 14.08

Benchmark^MarketValue(Rs’000) 169.35 -- -- -- 163.06 88.97 50.69 13.29

Standard Benchmark^^ MarketValue(Rs’000) 165.34 -- -- -- 158.99 86.34 48.66 12.99

Scheme Return Yield (%) 18.31 -- -- -- 18.55 22.57 33.16 33.75

Benchmark^ Return Yield (%) 12.68 -- -- -- 12.92 15.78 23.60 20.69

Standard Benchmark^^ Return Yield(%) 12.12 -- -- -- 12.31 14.55 20.64 15.76

^CNX 500 Index; ^^CNXNiftyIndex;*Inceptiondate:18-Jan-2007.AllreturnsareforRegularPlan-GrowthOption. Since inception returns have been calculated from the date of allotment till 31 March 2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

RP - Regular Plan

39

DSP BlackRock Natural Resources and New Energy Fund (DSPBRNRNEF) - RP - Growth


Total Amount Invested (Rs’000) 84.00 -- -- -- -- 60.00 36.00 12.00

SchemeMarketValue(Rs’000) 128.16 -- -- -- -- 80.21 49.02 12.81

Benchmark^MarketValue(Rs’000) 90.53 -- -- -- -- 60.62 35.67 10.45

Standard Benchmark^^ MarketValue(Rs’000) 137.4 -- -- -- -- 86.33 48.64 12.98

Scheme Return Yield (%) 11.88 -- -- -- -- 11.58 21.17 12.77

Benchmark^ Return Yield (%) 2.11 -- -- -- -- 0.41 (0.61) (23.16)

Standard Benchmark^^ Return Yield(%) 13.83 -- -- -- -- 14.56 20.62 15.54

^CompositeBenchmark=30%S&PBSEMetals+35%S&PBSEOil&Gas+35%MSCIWorldEnergyIndex-Net&Expressed in INR; Normalised; ^^CNX Nifty Index; *Inception date : 25-Apr-2008. All returns are for Regular Plan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateofallotmenttill31March2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

DSP BlackRock Balanced Fund (DSPBRBaLF) - RP - Growth


Total Amount Invested (Rs’000) 191.00 180.00 144.00 120.00 96.00 60.00 36.00 12.00

SchemeMarketValue(Rs’000) 919.77 816.09 423.32 263.84 177.10 92.06 52.06 13.98

Benchmark^MarketValue(Rs’000) -- -- 312.58 216.03 152.69 83.01 46.37 12.97

Standard Benchmark^^ MarketValue(Rs’000) 702.63 632.89 363.86 229.77 158.99 86.34 48.66 12.99

Scheme Return Yield (%) 17.72 18.21 16.79 15.06 14.91 17.17 25.56 32.08

Benchmark^ Return Yield (%) -- -- 12.22 11.32 11.33 12.96 17.19 15.38

Standard Benchmark^^ Return Yield(%) 14.85 15.30 14.52 12.48 12.31 14.55 20.64 15.76

^Crisil Balanced Fund Index; ^^CNX Nifty Index; *Inception date : 27-May-1999. All returns are for Regular Plan-GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateofallotmenttill31March2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

DSP BlackRock Technology.com Fund (DSPBRTF) - RP - Growth



SchemeMarketValue(Rs’000) 832.63 -- 446.27 257.68 175.79 93.71 53.36 13.42






^S&P BSE Teck; ^^CNXNiftyIndex;*Inceptiondate:16-May-2000.AllreturnsareforRegularPlan-GrowthOption. Since inception returns have been calculated from the date of allotment till 31 March 2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

The returns are calculated by XIRR approach assuming investment of ` 1000/-onthe1stworkingdayofeverymonth.XIRRhelpsincalculatingreturnoninvestmentsgivenaninitialandfinalvalueandaseriesofcashinflowsandoutflowswiththecorrectallowanceforthetimeimpactofthetransactions.Loadisnottakenintoconsiderationforcomputationofperformance.

DSPBRBalFisco-managedbyVinitSambre&DhawalDalal.SIPperformancesforalltheopenendedSchemesmanagedbyVinitSambre(exceptDSPBRMIPF)areshown.Sincetheorientation&featureofDSPBRBalFisdifferentfromallotherschemesmanagedbyDhawalDalal&DSPBRMIPFmanagedbyVinitSambre,hencetheSIPperformancesofotherschemesmanagedbyDhawalDalalandDSPBRMIPFarenot shown. Similarly, DSPBRNRNEF is co-managed by Rohit Singhania & Jay Kothari. SIP performances are shown for all Schemes managed by Rohit Singhania. Since the orientation & feature of DSPBRNRNEF is different from all other FOF schemes managed by Jay Kothari, the SIP performances of other FOF schemes managed by Jay Kothari are not shown. For performance of all schemes in SEBI prescribed format please refer page 31 - 37. Disclaimer: The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeingorpromisingorforecastinganyreturns.SIPdoesnotassureaprofitorguaranteeprotectionagainstalossinadecliningmarket.

DSP BlackRock Focus 25 Fund (DSPBRF25F) - RP - Growth


Total Amount Invested (Rs’000) 58.00 -- -- -- -- -- 36.00 12.00

SchemeMarketValue(Rs’000) 94.97 -- -- -- -- -- 57.03 14.62

Benchmark^MarketValue(Rs’000) 84.84 -- -- -- -- -- 50.13 13.26

Standard Benchmark^^ MarketValue(Rs’000) 83.07 -- -- -- -- -- 48.66 12.99

Scheme Return Yield (%) 20.58 -- -- -- -- -- 32.37 43.12

Benchmark^ Return Yield (%) 15.78 -- -- -- -- -- 22.79 20.08

Standard Benchmark^^ Return Yield(%) 14.89 -- -- -- -- -- 20.64 15.76

^S&P BSE 200; ^^CNXNiftyIndex;*Inceptiondate:10-Jun-2010.AllreturnsareforRegularPlan-GrowthOption. Since inception returns have been calculated from the date of allotment till 31 March 2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

DSP BlackRock Micro Cap Fund (DSPBRMCF) - RP - Growth


Total Amount Invested (Rs’000) 94.00 -- -- -- -- 60.00 36.00 12.00

SchemeMarketValue(Rs’000) 294.61 -- -- -- -- 138.83 76.32 16.34

Benchmark^MarketValue(Rs’000) 146.78 -- -- -- -- 87.02 54.72 13.23

Standard Benchmark^^ MarketValue(Rs’000) 154.59 -- -- -- -- 86.33 48.66 12.99

Scheme Return Yield (%) 28.40 -- -- -- -- 34.37 55.61 73.67

Benchmark^ Return Yield (%) 11.14 -- -- -- -- 14.88 29.25 19.58

Standard Benchmark^^ Return Yield(%) 12.42 -- -- -- -- 14.55 20.64 15.76

^S&P BSE SMALL CAP; ^^CNX Nifty Index; *Inception date : 14-Jun-2007. All returns are for Regular Plan -GrowthOption.Sinceinceptionreturnshavebeencalculatedfromthedateofallotmenttill31March2015. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

RP - Regular Plan

SIP Investment Performance of all Equity oriented schemes (as on Mar 31, 2015)

40

Dividend history

DSPBRMIPF# (Regular Plan)

Record DateDividend per Unit (`)

NAV (`)Individuals/hUF Others Face Value

Monthly Dividend Option (during the last 3 months)

27-Mar-15 27-Feb-15 28-Jan-15

0.060000 0.060000 0.060000

0.055642 0.055642 0.055642

1010 10

12.2596 12.362312.5758

Quarterly Dividend (during the last 3 quarters)

27-Mar-15 26-Dec-14 26-Sep-14

0.1800000.1800000.180000

0.166926 0.166926 0.172390

10 1010

13.5015 13.3359 13.0573

DSPBRMIPF# (Direct Plan)


27-Mar-15 27-Feb-15 28-Jan-15

0.0600000.0600000.099226

0.055642 0.055642 0.092018

10 10 10

12.6359 12.731811.2530


27-Mar-1526-Dec-14 26-Sep-14

0.180000 0.1800000.180000

0.166926 0.166926 0.172390

10 1010

13.6946 13.4978 13.1919

DSPBRIOF (Regular Plan)




27-Mar-15 27-Feb-15 28-Jan-15

0.033172 0.0381800.099153

0.030763 0.0354070.091951

1010 10

10.3383 10.335810.4104

Dividend Option (during the last 3 years)

27-Mar-1526-Sep-14 27-Jun-1428-Mar-1427-Dec-1327-Sep-1328-May-1328-Mar-13

0.4257920.130372 0.2420420.1691800.2131310.0593030.2084750.164853

0.3948650.124860 0.2318080.1620270.2041200.0567950.1776250.140458

1010 101010101010

11.640511.1775 11.300911.154111.192410.983511.132511.0715


27-Mar-15 26-Dec-14 26-Dec-14

0.172 610 0.201645 0.201645

0.160073 0.186999 0.186999

10 1010

10.5551 10.5708 10.5708

DSPBRIOF (Direct Plan)


27-Mar-15 27-Feb-15 28-Jan-15

0.035640 0.0410110.102274

0.033051 0.0380320.094846

10 10 10

10.3540 10.351310.4259


27-Mar-1526-Sep-14 27-Jun-1428-Mar-1427-Dec-1327-Sep-13

0.4464790.140113 0.2518610.1786090.2230270.073875

0.4140490.134189 0.2412120.1710580.2135980.070752

1010 101010 10

11.689811.2090 11.330711.182111.218510.9948


27-Mar-15 26-Dec-14 26-Sep-14

0.181321 0.210355 0.130450

0.168151 0.195076 0.124935

10 1010

10.5882 10.6021 10.4373

DSPBRGF (Regular Plan)




27-Mar-1527-Feb-15 28-Jan-15

0.852382 0.026857 0.219211

0.790469 0.024906 0.148226

1010 10

12.8043 10.5298 10.7046


26-Sep-14 28-May-1328-Mar-13 28-Dec-12 28-Sep-1228-Jun-1228-Mar-12

0.061017 0.5720790.268565 0.192743 0.2184660.1131090.232900

0.058437 0.4874240.228823 0.165201 0.1872480.0969460.199600

10 10 10 101010 10

11.7263 12.327811.9790 11.8515 11.803511.645311.7468


19-Mar-15 0.852382 0.790469 10 12.8043

DSPBRGF (Direct Plan)


27-Mar-1527-Feb-15 28-Jan-15

0.868641 0.028381 0.219211

0.805548 0.026320 0.203289

10 10 10

12.8976 10.5524 10.8067


26-Sep-14 28-May-13

0.091097 0.546677

0.087245 0.465781

10 10

11.8351 12.3690


19-Mar-15 0.868641 0.805548 10 12.8976

DSPBRTBF (Regular Plan)




27-Mar-15 27-Feb-15 28-Jan-15

0.038326 0.0325190.052190

0.035542 0.0301570.048399

1010 10

10.4590 10.443210.4681


27-Mar-15 26-Sep-14 27-Jun-1428-Mar-1427-Dec-13 27-Sep-1328-May-1328-Mar-13

0.311105 0.152893 0.1597510.1496980.1754140.3566730.1265740.164590

0.288508 0.146429 0.1529960.1433690.1679980.3415930.1078440.140234

10 10 10 101010 10 10

11.9858 11.7252 11.709011.659311.668911.893611.550511.5926


19-Mar-15 0.311105 0.288508 10 11.9858

DSPBRTBF (Direct Plan)


27-Mar-1527-Feb-15 26-Dec-14

0.039632 0.0339700.035277

0.036753 0.0315030.032715

10 10 10

10.4758 10.459910.4470


27-Mar-15 26-Sep-14 27-Jun-1428-Mar-1427-Dec-13 27-Sep-1328-May-13

0.321848 0.158114 0.1648160.1548410.1807910.3640760.119216

0.298471 0.151429 0.1578480.1482950.1731470.3486830.101575

10 10 1010101010

12.0760 11.7465 11.729011.678311.687311.885211.5526


19-Mar-15 0.321848 0.298471 10 12.0160DSPBRBPDF (Regular Plan)

Record Date

Dividend per Unit (`)

NAV (`)Individuals/hUF Others

Face Value


27-Mar-15 27-Feb-15 28-Jan-15

0.021558 0.0641660.102855

0.019992 0.0595060.095384

101010

10.1897 10.248410.3471


27-Mar-1526-Sep-14 27-Jun-1428-Mar-14

0.4263730.142996 0.2252870.168011

0.3954030.136951 0.2157620.160908

1010 1010

10.747410.3435 10.449110.3756


27-Mar-15 26-Dec-14 26-Sep-14

0.187345 0.233510 0.142996

0.173738 0.216549 0.136951

101010

10.4181 10.4817 10.3435

DSPBRBPDF (Direct Plan)


27-Feb-15 28-Jan-15 26-Dec-14

0.066562 0.1050330.045076

0.061727 0.0974040.041802

101010

10.2517 10.350510.2221


27-Mar-1526-Sep-14 27-Jun-1428-Mar-14

0.4400910.150010 0.2324570.176271

0.4081250.143667 0.2226290.168819

1010 1010

10.766310.3525 10.458310.3862


27-Mar-15 26-Dec-14 26-Sep-14

0.193878 0.240261 0.150088

0.179796 0.222810 0.143742

101010

10.4271 10.4910 10.3526

DSPBRBF (Regular Plan)



Monthly Dividend Option (during the last quarter)

27-Feb-15 28-Jan-15 26-Dec-14

0.029906 0.1994670.085434

0.027733 0.1849790.079229

1010 10

10.9046 11.132910.9584


27-Mar-15 26-Sep-14 27-Jun-1428-Mar-1427-Dec-1328-May-1328-Mar-13

0.667505 0.159517 0.2914480.1380090.3621150.3811230.229410

0.619020 0.152773 0.2791250.1321740.3085300.3247260.195462

10 10101010 1010

11.4652 10.7301 10.906310.688811.414111.435811.2569


19-Mar-15 0.667505 0.619020 10 11.4642

DSPBRBF (Direct Plan)


27-Feb-15 28-Jan-15 26-Dec-14

0.034043 0.2051290.089426

0.0315700.1902300.082931

10 10 10

10.9941 11.224111.0462


27-Mar-15 26-Sep-14 27-Jun-1428-Mar-1427-Dec-1328-May-13

0.698209 0.172687 0.3053960.1509450.1235140.374028

0.647494 0.165385 0.2924850.1445630.1182920.318681

10 10 10101010

11.5819 10.8261 11.001110.779510.756711.4358


19-Mar-15 0.698209 0.647494 10 11.5879

DSPBRSBF (Institutional Plan)



Face Value


05-Mar-15 05-Feb-1505-Jan-1505-Dec-14

4.304156 18.225429 3.216449 15.000923

3.991524 16.901628 2.982822 13.911334

1000 100010001000

1047.8941 1065.5405 1045.6984 1058.4269


26-Sep-14 27-Jun-1428-Mar-1427-Dec-13 28-May-1328-Mar-13 28-Dec-1228-Sep-1228-Jun-1228-Mar-12

14.656536 29.92261815.86853710.25458835.88446319.884288 16.48457821.11157819.86773116.19935

14.036868 28.65751215.1976279.82103130.57437116.941861 14.12903518.09475617.02865313.88448

10000 1000100010001000 1000100010001000 1000

1044.2361 1064.34081044.17851037.77251080.83491061.8087 1054.23371055.15511050.44321043.3491

DSPBRSBF (Direct Plan)


05-Mar-15 05-Feb-15 05-Jan-1505-Dec-14

4.556031 18.695571 3.446112 15.411109

4.225104 17.337622 3.195804 14.291726

1000 100010001000

1062.6724 1080.5771 1060.3748 1073.2643


26-Sep-14 27-Jun-1428-Mar-1427-Dec-13 28-May-13

15.602883 31.18620716.92452811.10742322.657440

14.943205 29.86767716.20897110.63780919.304650

1000 1000100010001000

1067.6227 1088.11661057.51911060.75821080.0938

Investors may note that the difference in dividend per unit for 'Individuals' and 'Others', in the case of debt oriented Schemes, is due to differential rate of applicable Dividend Distribution Tax (DDT). Pursuant to payments of dividend, the NAV of the Schemes would fall to the extent of payout, and statutory levy, if any. # Monthly income is not assured and is subject to availability of distributable surplus. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

For complete list of dividends, visit www.dspblackrock.com.

41

Dividend history

DSPBRSTF (Regular Plan)




27-Mar-15 27-Feb-15 28-Jan-15

0.037672 0.0312850.094943

0.034936 0.0290120.088047

10 10 10

11.1607 11.144811.2277


27-Mar-15 26-Sep-14 27-Jun-1428-Mar-1427-Dec-13 27-Sep-13 28-May-1328-Mar-13

0.413162 0.153984 0.2103250.1723750.1987920.0413010.2192490.164240

0.383152 0.147474 0.2014330.1650870.1903870.0395550.1868050.139936

10 1010101010 1010

11.9120 11.4974 11.543511.441911.455311.242911.420711.3458


19-Mar-15 0.413162 0.383152 10 11.9120

DSPBRSTF (Direct Plan)


27-Mar-15 27-Feb-15 28-Jan-15

0.036366 0.0356400.099226

0.033724 0.0330510.092018

10 10 10

11.1796 11.170611.2530


27-Mar-15 26-Sep-14 27-Jun-1428-Mar-1427-Dec-1327-Sep-13

0.377885 0.069277 0.2380670.0314050.2088450.054861

0.350437 0.066348 0.2280020.0300770.2000150.052541

10 10 10 10 10 10

11.7032 11.4532 11.664211.275211.480611.2435


19-Mar-15 0.377885 0.350437 10 11.7032

Investors may note that the difference in dividend per unit for 'Individuals' and 'Others', in the case of debt oriented Schemes, is due to differential rate of applicable Dividend Distribution Tax (DDT). Pursuant to payments of dividend, the NAV of the Schemes would fall to the extent of payout, and statutory levy, if any. # Monthly income is not assured and is subject to availability of distributable surplus. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

For complete list of dividends, visit www.dspblackrock.com.

DSPBRBalF (Regular Plan)

Record Date Dividend per Unit (`) Face Value NAV (`)

20-Feb-1514-Mar-14 14-Dec-12 16-Mar-12 11-Mar-115-Mar-10 12-Dec-0821-Sept-07 22-Aug-06

3.552.20 0.50 1.00 2.003.00 1.50 6.00 4.00

1010 10 10 10 10 10 10 10

29.48322.2080 22.3960 21.5330 22.77123.445 15.861 27.1880 23.39

DSPBREF (Regular Plan)

Record Date Dividend per Unit (`) Face Value NAV (`)13-Mar-1521-Feb-1426-Apr-1321-Dec-12 16-Mar-124-Feb-1119-Mar-10 20-Nov-09

6.804.254.25 0.50 1.10 3.506.50 3.00

101010 10 10 10 10 10

68.70143.080046.497050.2250 46.8930 49.797052.112 53.082

DSPBREF (Direct Plan)13-Mar-15 8.50 10 84.586

DSPBRTEF (Regular Plan)

Record Date Dividend per Unit (`) Face Value NAV (`)30-Jan-15 28-Feb-1412-Apr-1318-Jan-1306-Mar-12 03-Sep-10 24-Jul-09 23-May-08

2.75 1.901.70 0.501.10 1.25 2.00 5.00

10 1010 10 10 10 10 10

26.949 19.482019.854022.736020.9430 21.991 19.339 23.8800

DSPBRTEF (Direct Plan)30-Jan-15 28-Feb-1412-Apr-1318-Jan-13

2.90 0.901.700.50

10 101010

28.779 19.610019.885022.7430

DSPBROF (Regular Plan)

Record Date Dividend per Unit (`) Face Value NAV (`)16-Jan-15 21-Mar-1315-Jun-12 11-Feb-1126-Feb-10 28-Mar-08

4.50 4.00 2.50 2.00 3.00 4.00

10 10 10 10 10 10

29.123 24.277023.9750 28.29727.829 29.4860

DSPBRITF (Regular Plan)

Record Date Dividend per Unit (`) Face Value NAV (`)27-Feb-1514-Mar-14 10-May-1304-Jan-1309-Mar-12 09-Sep-10 19-Jun-0922-Feb-08

2.101.30 1.000.501.00 1.25 2.00 5.00

1010 1010 10 10 10 10

21.07013.3790 15.048017.084015.8060 21.035017.299026.9650

DSPBRTSF (Regular Plan)

Record Date Dividend per Unit (`) Face Value NAV (`)

13-Feb-1514-Feb-1415-Feb-134-Mar-1129-Feb-08

1.901.251.500.50 3.60

101010 10 10

18.12312.234011.223012.096014.7550

DSPBRTF (Regular Plan)

Record Date Dividend per Unit (`) Face Value NAV (`)6-Feb-1514-Mar-14 04-Jan-08

3.403.00 10.00

1010 10

33.66631.229 37.138

DSPBRwGF (Regular Plan)

Record DateDividend per Unit (`) Face

ValueNAV (`)

Individuals/hUF Others19-Nov-1010-Jul-09

0.8784211.313917

0.8186991.222893

10 10

16.218411.8014

DSPBRSMF (Regular Plan)

Record Date Dividend per Unit (`) Face Value NAV (`)27-Mar-15 07-Mar-1425-Jan-1323-Mar-12

2.30 1.401.501.00

10 101010

23.189 14.05015.313014.1400

DSPBRNRNEF (Regular Plan)

Record Date Dividend per Unit (`) Face Value NAV (`)09-Jan-15 28-Dec-1223-Mar-1225-Mar-11

1.55 0.500.501.50

10 101010

15.079 11.374011.788014.1130

DSPBRNRNEF (Direct Plan)09-Jan-15 1.57 10 15.223

DSPBRF25F (Regular Plan)

Record Date Dividend per Unit (`) Face Value NAV (`)20-Mar-15 1.80 10 17.993

DSPBRwEF (Regular Plan)


ValueNAV (`)

Individuals/hUF Others20-Mar-15 0.871037 0.807769 10 12.1164

DSPBRwEF (Direct Plan)20-Mar-15 0.943623 0.875083 10 12.8706

DSPBRwAF (Regular Plan)


ValueNAV (`)


DSPBRwAF (Direct Plan)20-Mar-15 0.616984 0.572170 10 14.7802

DSPBRUSFEF (Regular Plan)


ValueNAV (`)


DSPBRDAAF (Regular Plan)

Record Date



Face Value


27-Mar-15 27-Feb-15 26-Dec-14

0.065000 0.065000 0.065000

0.060278 0.060278 0.060278

101010

10.3808 10.514710.6128

DSPBRDAAF (Direct Plan)


27-Mar-15 27-Feb-15 28-Jan-15

0.065000 0.065000 0.065000

0.060278 0.060278 0.060278

101010

10.4913 10.6185 10.7089

DSPBRMMF (Regular Plan)

Record Date



Face Value


27-Mar-15 27-Feb-15 28-Jan-15

3.984267 4.1233435.084968

3.694871 3.8238454.715622

10001000 1000

1030.0994 1029.38721030.2575


27-Mar-15 18-Sep-14

30.963979 129.739645

28.714916 124.254347

1000 1000

1052.6581 1176.4884

DSPBRMMF (Direct Plan)


27-Mar-15 27-Feb-15 28-Jan-15

4.211753 4.3874125.359417

3.905833 4.0687334.970137

10001000 1000

1031.9181 1031.20381032.0621


27-Mar-15 18-Sep-14

33.087930 137.799883

30.684594 131.973804

1000 1000

1055.5842 1186.8317

DSPBRCM10YGF (Regular Plan)

Record Date



Face Value


27-Feb-15 28-Jan-15 26-Dec-14

0.024389 0.146987 0.085289

0.022618 0.136311 0.079094

10 1010

10.2767 10.4442 10.2953


27-Mar-15 0.434067 0.402538 10 10.8980


27-Mar-15 0.248681 0.230618 10 10.6426

DSPBRCM10YGF (Direct Plan)


27-Feb-15 28-Jan-15 26-Dec-14

0.025696 0.150835 0.086233

0.023829 0.139879 0.079969

10 1010

10.2758 10.4497 10.2976


27-Mar-15 0.443430 0.411222 10 10.9109


27-Mar-15 0.199685 0.185181 10 10.5751

42

Key Scheme Related Data as on March 31, 2015

DSP BlackRock Balanced Fund

DSP BlackRock Bond Fund DSP BlackRock Equity Fund DSP BlackRock Income

Opportunities Fund

Regular Direct Regular Direct Regular Institutional Direct Regular Institutional Direct

1 Portfolio Turn Over Ratio ^^

- For Purchase 1.76 N.A. 1.17 N.A.

- For Sale 1.83 N.A. 1.26 N.A.

2 Average Maturity (in years)@@ 5.46 13.56 N.A. 3.94

3 Modified Duration (in years)@@ 3.53 6.97 N.A. 2.75

4 Total outstanding exposure to derivatives at the end of March 31, 2015

- Value (In Rs. Lakh) - - - -

- in percentage term (%) - - - -

5 Total NPAs provided for the Half Year of March 31, 2015 (Rs. lakh) - - - -

6 Total investment in foreign securities/ADR/GDR (Rs. lakh) - - - -

7 Total investment in illiquid shares/securities

- Value (In Rs. Lakh) 0.00 - 0.00 -

- in percentage terms (%) 0.00% - 0.00% -

8 Net Asset Vaue (NAV) (Rs. per Unit)

- As on September 30, 2014

G 94.898 95.811 40.5827 41.0716 24.924 20.099 25.164 21.1499 1,936.1896 21.3599

D 26.198 29.366 10.5350 10.6165 58.188 - 71.460 11.0518 - 11.0728

QD 10.036 - - - - - - 10.2910 - 10.3104

DD - - - - - - - 10.1070 1,010.7112 10.1071

WD - - - - - - - 10.1132 - 10.1139

MD - - 10.7457 10.8264 - - - 10.2252 - 10.2352

- As on March 31, 2015

G 107.183 108.568 44.2831 44.9620 28.166 22.782 28.524 22.3878 2,054.6293 22.6665

D 26.034 33.276 10.5742 10.6583 59.036 - 72.602 11.1111 - 11.1340

QD 11.335 11.440 - - - - - 10.3696 - 10.3926

DD - - - - - - - 10.1227 1,012.2660 10.1227

WD - - - - - - - 10.1523 - 10.1530

MD - - 10.8961 10.9868 - - - 10.3257 - 10.3388

9 Aggregate dividend declared during the half year (Rs. per Unit)

- Individual/HUF

D 3.550000 - 0.667505 0.698209 6.800000 - 8.500000 0.425792 - 0.446479

QD - - - - - - - 0.374255 - 0.391676

DD - - - - - - - 0.406543 42.500948 0.425471

WD - - - - - - - 0.389769 - 0.408116

MD - - 0.582360 0.606314 - - - 0.352841 - 0.369828

- Others

D 3.550000 - 0.619020 0.647494 6.800000 - 8.500000 0.394865 - 0.414049

QD - - - - - - - 0.347072 - 0.363227

DD - - - - - - - 0.377009 39.413901 0.394568

WD - - - - - - - 0.361456 - 0.378473

MD - - 0.540061 0.562275 - - - 0.327214 - 0.342965

** NAV as on Maturity date* Computed NAV, G - Growth, D - Dividend, DD - Daily Dividend, WD - Weekly Dividend, QD - Quarterly Dividend, MD - Monthly Dividend. N.A. Not Applicable.^^ Portfolio Turn Over Ratio is for last 12 months for Equity Schemes and DSP BlackRock Balanced Fund (equity securities only). @@ Average Maturity and Modified Duration is for Live Debt Schemes and for DSP BlackRock MIP Fund and DSP BlackRock Balanced Fund ( Debt portion only).*** Scheme launched during the half year ended March 31, 2015. Pursuant to payments of dividend, the NAV of the Schemes would fall to the extent of payout and statutory levy, if any. For complete dividend history of the Schemes, please visit www.dspblackrock.com

43


DSP BlackRock Government

Securities Fund

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

(The Infrastructure Growth and Economic Reforms Fund)

DSP BlackRock Liquidity Fund DSP BlackRock Micro Cap Fund

Regular Direct Regular Direct Regular Institutional Direct Regular Direct


- For Purchase N.A. 1.53 N.A. 0.88

- For Sale N.A. 1.57 N.A. 0.31

2 Average Maturity (in years)@@ 18.11 N.A. 0.15 N.A.

3 Modified Duration (in years)@@ 8.70 N.A. 0.14 N.A.








- in percentage terms (%) - - - -



G 40.5684 40.7514 59.599 60.112 31.5221 1,916.1040 1,917.8864 31.783 32.143

D 11.6092 11.6801 17.604 21.631 - - - 19.299 19.517

QD - - - - - - - - -

DD - - - - 10.0218 1,000.3161 1,000.3161 - -

WD - - - - 12.4250 1,001.5507 1,001.5604 - -

MD 10.2704 10.3659 - - - - - - -


G 44.8081 45.0664 71.364 72.163 32.8693 1,999.4756 2,001.9201 39.644 40.233

D 11.6458 11.7178 19.065 25.967 - - - 24.072 24.428

QD - - - - - - - - -

DD - - - - 10.0276 1,000.6027 1,000.6027 - -

WD - - - - 12.4322 1,002.1263 1,002.1270 - -

MD 10.5045 10.5274 - - - - - - -


- Individual/HUF

D 0.852382 0.868641 2.100000 - - - - - -

QD - - - - - - - - -

DD - - - - 0.300161 30.722740 30.934596 - -

WD - - - - 0.372139 30.560256 30.745383 - -

MD 0.589837 0.639340 - - - - - - -

- Others

D 0.790469 0.805548 2.100000 - - - - - -

QD - - - - - - - - -

DD - - - - 0.278360 28.491196 28.687663 - -

WD - - - - 0.345110 28.340519 28.512200 - -

MD 0.546994 0.592904 - - - - - - -


44


DSP BlackRockMIP Fund$ DSP BlackRock Money Manager Fund DSP BlackRock

Opportunities FundDSP BlackRock Short

Term Fund

Regular Direct Regular Institutional Direct Regular Direct Regular Direct


- For Purchase N.A. N.A. 1.51 N.A.

- For Sale N.A. N.A. 1.51 N.A.

2 Average Maturity (in years)@@ 6.91 0.32 N.A. 2.27

3 Modified Duration (in years)@@ 4.49 0.28 N.A. 1.83











G 26.9722 27.2653 1,812.5450 1,870.2889 1,829.0183 130.525 131.712 22.6271 22.8257

D - - 1,013.3553 - 1,013.6736 26.999 37.245 11.3435 11.1834

QD 12.7951 12.9312 - - - - - - -

DD - - 1,004.2306 1,004.2306 1,004.2306 - - - -

WD - - 1,005.3182 - 1,005.3804 - - 10.1949 10.1956

MD 11.8999 12.2106 1,020.8704 - 1,022.1658 - - 11.0439 11.0618


G 28.9326 29.3537 1,889.2535 1,952.8464 1,910.7065 149.026 150.782 23.8561 24.1360

D - - 1,013.5307 - 1,013.6937 26.214 42.638 11.3897 11.2315

QD 13.2228 13.4190 - - - - - - -

DD - - 1,004.2306 1,004.2306 1,004.2306 - - - -

WD - - 1,006.1687 - 1,006.2314 - - 10.2063 10.2072

MD 12.2609 12.6412 1,026.7780 - 1,028.3502 - - 11.1376 11.1594


- Individual/HUF

D - - 30.963979 - 33.087930 4.500000 - 0.413162 0.377885

QD 0.360000 0.360000 - - - - - - -

DD - - 30.223869 31.495087 31.858985 - - - -

WD - - 29.617712 - 31.255795 - - 0.383143 0.404645

MD 0.360000 0.360000 26.592826 - 28.099937 - - 0.359375 0.375853

- Others

D - - 28.714916 - 30.684594 4.500000 - 0.383152 0.350437

QD 0.333852 0.333852 - - - - - - -

DD - - 28.028563 29.207447 29.544914 - - - -

WD - - 27.466436 - 28.985536 - - 0.355312 0.375256

MD 0.333852 0.333852 24.661261 - 26.058904 - - 0.333272 0.348551

** NAV as on Maturity date$ Monthly income is not assured and is subject to availability of distributable surplus.* Computed NAV, G - Growth, D - Dividend, DD - Daily Dividend, WD - Weekly Dividend, QD - Quarterly Dividend, MD - Monthly Dividend. N.A. Not Applicable.^^ Portfolio Turn Over Ratio is for last 12 months for Equity Schemes and DSP BlackRock Balanced Fund (equity securities only). @@ Average Maturity and Modified Duration is for Live Debt Schemes and for DSP BlackRock MIP Fund and DSP BlackRock Balanced Fund ( Debt portion only).*** Scheme launched during the half year ended March 31, 2015. Pursuant to payments of dividend, the NAV of the Schemes would fall to the extent of payout and statutory levy, if any. For complete dividend history of the Schemes, please visit www.dspblackrock.com

45


DSP BlackRock Small and Mid Cap Fund DSP BlackRock Strategic Bond Fund DSP BlackRock

Tax Saver FundDSP BlackRock

Technology.com Fund

Regular Direct Regular Institutional Direct Regular Direct Regular Direct


- For Purchase 1.09 N.A. 0.96 0.87

- For Sale 1.03 N.A. 0.98 0.70

2 Average Maturity (in years)@@ N.A. 11.60 N.A. N.A.

3 Modified Duration (in years)@@ N.A. 5.77 N.A. N.A.











G 30.592 30.923 1,666.0833 1,529.2735 1,539.1817 28.650 28.795 50.191 50.655

D 19.426 24.094 1,044.4284 1,026.4180 1,048.8271 16.265 20.556 32.209 36.265

QD - - - - - - - - -

DD - - 1,019.9373 1,017.8294 1,021.0915 - - - -

WD - - 1,019.9373 1,019.9310 1,019.9814 - - - -

MD - - 1,028.8422 1,031.9093 1,046.0687 - - - -


G 35.980 36.492 1,820.5790 1,670.6663 1,684.4278 32.210 32.483 52.835 53.471

D 20.530 28.432 1,141.2778 1,121.3178 1,147.6055 16.391 23.189 30.528 38.282

QD - - - - - - - - -

DD - - 1,023.0032 1,026.5817 1,044.1371 - - - -

WD - - 1,023.0031 1,022.9665 1,023.2229 - - - -

MD - - 1,038.7009 1,041.7396 1,056.4407 - - - -


- Individual/HUF

D 2.300000 - - - - 1.900000 - 3.400000 -

QD - - - - - - - - -

DD - - 63.716342 59.354145 51.056670 - - - -

WD - - 63.715841 63.552233 64.951336 - - - -

MD - - 60.202362 60.232341 62.123652 - - - -

- Others

D 2.300000 - - - - 1.900000 - 3.400000 -

QD - - - - - - - - -

DD - - 59.088319 55.042965 47.348182 - - - -

WD - - 59.087852 58.936128 60.233612 - - - -

MD - - 55.829573 55.857374 57.611311 - - - -


46


DSP BlackRock Top 100 Equity Fund DSP BlackRock Treasury Bill Fund

DSP BlackRock Natural Resources and New

Energy Fund

DSP BlackRock World Energy Fund

Regular Institutional Direct Regular Direct Regular Direct Regular Direct


- For Purchase 1.51 N.A. 1.42 N.A.

- For Sale 1.58 N.A. 1.78 N.A.

2 Average Maturity (in years)@@ N.A. 0.45 N.A. N.A.

3 Modified Duration (in years)@@ N.A. 0.42 N.A. N.A.





6 Total investment in foreign securities/ADR/GDR (Rs. lakh) - - - 2590.57






G 146.311 20.437 147.700 27.0532 27.1672 17.954 18.113 14.6024 14.6623

D 23.822 16.325 25.398 11.5600 11.5756 14.676 14.798 13.8206 14.6623

QD - - - - - - - - -

DD - - - 10.0564 10.0400 - - - -

WD - - - - - - - - -

MD - - - 10.3690 10.3826 - - - -


G 161.615 22.638 163.611 28.1449 28.2987 18.271 18.476 13.0821 13.1562

D 23.664 16.252 25.336 11.5973 11.6137 13.387 13.525 11.1883 11.8631

QD - - - - - - - - -

DD - - - 10.0564 10.0400 - - - -

WD - - - - - - - - -

MD - - - 10.4302 10.4456 - - - -


- Individual/HUF

D 2.750000 1.900000 2.900000 0.311105 0.321848 1.550000 1.570000 0.871037 0.943623

QD - - - - - - - - -

DD - - - 0.288868 0.297522 - - - -

WD - - - - - - - - -

MD - - - 0.254779 0.263416 - - - -

- Others

D 2.750000 1.900000 2.900000 0.288508 0.298471 1.550000 1.570000 0.807769 0.875083

QD - - - - - - - - -

DD - - - 0.267883 0.275908 - - - -

WD - - - - - - - - -

MD - - - 0.236273 0.244283 - - - -


47


DSP BlackRock World Gold Fund

DSP BlackRock World Mining Fund

DSP BlackRock Focus 25 Fund

DSP BlackRock World Agriculture Fund

Regular Direct Regular Direct Regular Direct Regular Direct


- For Purchase N.A. N.A. 1.35 N.A.

- For Sale N.A. N.A. 1.33 N.A.

2 Average Maturity (in years)@@ N.A. N.A. N.A. N.A.

3 Modified Duration (in years)@@ N.A. N.A. N.A. N.A.





6 Total investment in foreign securities/ADR/GDR (Rs. lakh) 20119.38 955.25 - 3083.45






G 10.7773 10.8476 8.2288 8.2972 15.151 15.297 14.7585 14.8441

D 8.8246 8.8851 8.2288 8.2972 15.151 15.297 13.9758 14.8441

QD - - - - - - - -

DD - - - - - - - -

WD - - - - - - - -

MD - - - - - - - -


G 9.5708 9.6539 6.5666 6.6394 17.727 17.959 14.5469 14.6545

D 7.8367 7.9074 6.5666 6.6394 15.911 17.959 12.3968 13.8174

QD - - - - - - - -

DD - - - - - - - -

WD - - - - - - - -

MD - - - - - - - -


- Individual/HUF

D - - - - 1.800000 - 1.016210 0.616984

QD - - - - - - - -

DD - - - - - - - -

WD - - - - - - - -

MD - - - - - - - -

- Others

D - - - - 1.800000 - 0.942397 0.572170

QD - - - - - - - -

DD - - - - - - - -

WD - - - - - - - -

MD - - - - - - - -


48

DSP BlackRock US Flexible Equity Fund ^

DSP BlackRock Banking & PSU Debt Fund

DSP BlackRock Dynamic Asset Allocation Fund

Regular Direct Regular Direct Regular Direct


- For Purchase N.A. N.A. N.A.

- For Sale N.A. N.A. N.A.

2 Average Maturity (in years)@@ N.A. 3.92 N.A.

3 Modified Duration (in years)@@ N.A. 2.87 N.A.


- Value (In Rs. Lakh) - - -

- in percentage term (%) - - -

5 Total NPAs provided for the Half Year of March 31, 2015 (Rs. lakh) - - -

6 Total investment in foreign securities/ADR/GDR (Rs. lakh) 12449.25 - -



- in percentage terms (%) - - -



G 15.7453 15.9119 11.0562 11.0965 10.8955 10.9566

D 14.6888 15.9119 10.1979 10.1992 - -

QD - - 10.1979 10.1992 - -

DD - - 10.1591 10.1592 - -

WD - - 10.1737 10.1742 - -

MD - - 10.1739 10.1743 10.2856 10.3457


G 16.6606 16.8838 11.7092 11.7723 11.5573 11.6758

D 14.0155 16.8838 10.2119 10.2131 - -

QD - - 10.2108 10.2120 - -

DD - - 10.1600 10.1600 - -

WD - - 10.1923 10.2307 - -

MD - - 10.1977 10.2308 10.3641 10.4775


- Individual/HUF

D 1.125089 - 0.426373 0.440091 - -

QD - - 0.420855 0.434139 - -

DD - - 0.422959 0.435862 - -

WD - - 0.410673 0.396130 - -

MD - - 0.409097 0.398500 0.390000 0.390000

- Others

D 1.043369 - 0.395403 0.408125 - -

QD - - 0.390287 0.402606 - -

DD - - 0.392244 0.404202 - -

WD - - 0.380843 0.367356 - -

MD - - 0.379383 0.369555 0.361668 0.361668

** NAV as on Maturity date* Computed NAV, G - Growth, D - Dividend, DD - Daily Dividend, WD - Weekly Dividend, QD - Quarterly Dividend, MD - Monthly Dividend. ^ 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. N.A. Not Applicable.^^ Portfolio Turn Over Ratio is for last 12 months for Equity Schemes and DSP BlackRock Balanced Fund (equity securities only). @@ Average Maturity and Modified Duration is for Live Debt Schemes and for DSP BlackRock MIP Fund and DSP BlackRock Balanced Fund ( Debt portion only).*** Scheme launched during the half year ended March 31, 2015. Pursuant to payments of dividend, the NAV of the Schemes would fall to the extent of payout and statutory levy, if any. For complete dividend history of the Schemes, please visit www.dspblackrock.com


49

DSP BlackRock Global Allocation Fund DSP BlackRock Constant Maturity 10Y G-Sec Fund

DSP BlackRock Ultra Short Term Fund***

Regular Direct Regular Direct Regular Direct


- For Purchase N.A. N.A. N.A.

- For Sale N.A. N.A. N.A.

2 Average Maturity (in years)@@ N.A. 10.35 0.88

3 Modified Duration (in years)@@ N.A. 6.75 0.85



- in percentage term (%) - - -

5 Total NPAs provided for the Half Year of March 31, 2015 (Rs. lakh) - - -

6 Total investment in foreign securities/ADR/GDR (Rs. lakh) 5292.01 - -



- in percentage terms (%) - - -



G 10.0870 10.0939 9.9924 9.9926 - -

D 10.0870 10.0939 9.9924 9.9926 - -

QD - - 9.9924 - - -

DD - - - - - -

WD - - - - - -

MD - - 9.9924 9.9926 - -


G 10.3710 10.4105 10.9047 10.9186 10.0808 10.0828

D 10.3710 10.4105 10.3057 10.3067 - -

QD - - 10.3060 10.3066 10.0807 10.0828

DD - - - - 10.0402 10.0414

WD - - - - 10.0745 10.0762

MD - - 10.2847 10.2842 10.0808 10.0828


- Individual/HUF

D - - 0.434067 0.443430 - -

QD - - 0.428550 0.199685 - -

DD - - - - 0.029413 0.030016

WD - - - - 0.004532 0.004784

MD - - 0.435010 0.444230 - -

- Others

D - - 0.402538 0.411222 - -

QD - - 0.397422 0.185181 - -

DD - - - - 0.027277 0.027836

WD - - - - 0.004203 0.004437

MD - - 0.403414 0.411962 - -



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

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

The list of POS of MFUI is published on the website of the Fund at www.dspblackrock.com and MFUI at www.mfuindia.com and will be updated from time to time.

• Agra• Ahmedabad• Ahmednagar • Ajmer• Akola• Aligarh• Allahabad• Alleppey• Alwar• Amaravati• Ambala• Amritsar• Anand• Anantapur • Ankleshwar- Bharuch • Asansol• Aurangabad• Bagalkot • Balasore• Bareilly• Basti• Belgaum• Berhampur• Bhagalpur• Bharuch • Bhatinda• Bhavnagar• Bhilai• Bhilwara• Bhiwani • Bhubaneswar• Bhuj - Kutch

• Bhusawal• Bikaner• Bilaspur• Bokaro • Burdwan• Calicut• Chandigarh• Chennai• Chhindwara• Cochin• Cuttack• Darbhanga• Dehradun• Deoghar• Devengere• Dhanbad• Dhule• Durgapur• Eluru• Erode• Faizabad• Faridabad• Firozabad• Gandhidham• Gaziabad• Goa• Gondal• Gorakhpur• Gulbarga• Guntur• Gurgaon• Guwahati

• Gwalior• Haldia• Haldwani • Hazaribagh• Himmatnagar • Hisar• Hoshiarpur• Hosur• Hubli• Indore• Jabalpur• Jaipur• Jalandhar• Jalgaon• Jalna• Jammu• Jamnagar• Jamshedpur• Jaunpur • Jhansi• Jodhpur• Junagadh• Kadapa• Kakinada• Kalyani• Kanchipuram• Kannur• Karimnagar • Karnal • Karur • Katni• Khammam

• Kharagpur• Kolhapur• Kolkata• Kollam• Kota• Kottayam• Kumbakonam• Kurnool • Lucknow• Ludhiana• Madurai• Malda• Manipal• Mapusa• Margao• Mathura• Meerut • Mehsana• Moga• Moradabad• Mumbai• Muzaffarpur• Mysore• Nagpur• Namakkal• Nandyal• Nasik• Navasari• Nellore• New Delhi • Noida• Ongole

• Palakkad• Palanpur• Panipat• Pathankot• Patiala• Patna• Pondicherry• Pune• Rae Bareli • Raipur• Rajahmundry• Rajkot• Ranchi• Ratlam• Ratnagiri• Rohtak• Roorkee• Ropar • Rourkela• Sagar• Saharanpur• Salem• Sambalpur• Sangli• Satara• Secunderabad• Shahjahanpur• Shimla • Shimoga• Siliguri• Sirsa • Sitapur

• Solan • Solapur• Sonepat• SriGanganagar• Srikakulam• Sultanpur • Surat• Surendranagar• Tanjore• Thane • Thiruppur• Thiruvalla• Tinsukia• Tirunelveli• Tirupathi• Trichy• Trivandrum• Tuticorin• Udaipur• Ujjain • Unjha • Vadodara• Valsad• Vapi• Varanasi• Vasco• Vellore• Vijayawada• Yamuna Nagar

CAMS Investor Service Centres and Transaction PointsVisit www.camsonline.com for addresses

Point of Services (“POS”) of MF Utilities India Pvt. Ltd. (“MFUI”)

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

Agra: ShantaTower,OfficeNo.12,1stFloor,BlockNo.E-14,16,SanjayPlace,Agra–282003.Ahmedabad: 3rdEYEONE,OfficeNo.301,3rdFloor,OppositeHavmorRestaurant,C.GRoad,Panchavati,Ahmedabad-380006.Bangalore: HMGenevaHouse,OfficeNo.104A-107,1stFloor,PlotNo.14,CunninghamRoad,Bangalore-560052.Bhopal: StarArcade,OfficeNo.302,3rdFloor,PlotNo.165Aand166,Zone-1,M.PNagar,Bhopal-462011.Bhubneshwar: LotusHouse,OfficeNo.3,2ndFloor,108/A,KharvelNagar,UnitIII,MasterCanteenSquare,Bhubaneshwar-751001.Chandigarh: SCO 2471 – 72, 1st Floor, Sector 22 – C, Chandigarh - 160022.Chennai: AlameluTerraces,OfficeNo.163,3rdFloor,AnnaSalai,Chennai–600002.Coimbatore: Tristar Towers, 657, East Wing, 1st Floor, Avinashi Road, Coimbatore - 641037.Dehradun: NCRPlaza,Groundfloor,OfficeNo.G12/A,(No.24-A)(NewNo.112/28,RavindranathTagoreMarg),NewCanttRoad,Hathibarhkala,Dehradun–248001.Goa: MathiasPlaza,4thFloor,18thJuneRoad,Panjim,Goa-403001.Guwahati: MayurGardens,OfficeNo.5,UpperGroundfloor,G.SRoad,NearABCBusStop,Guwahati-781005.hubli: SonaChambers,SouthWing,OfficeNo.3,GroundFloor,ClubRoad,Hubli-580020.hyderabad: MahavirChambers,OfficeNo.103,1stFloor,Himayatnagar,LibertyJunction,Hyderabad-500029.Indore: StarlitTower,OfficeNo.206,2ndFloor,29/1,Y.NRoad,Opp.S.BIndoreHeadOffice,Indore-452001.Jaipur: GreenHouse,OfficeNo.201to204,2ndFloor,O-15,AshokMarg,AboveAxisBank,C-Scheme,Jaipur-302001.Jamshedpur: ShantiNiketan, 2nd Floor, Main Road, P.O Bistupur, Jamshedpur - 831001.Jodhpur: KeshavBhawan,GroundFloor,OfficeNo.2,ChopasniRoad,NearHDFCBank,Jodhpur-342003.kanpur: KANChambers,OfficeNo.701-703,7thFloor,14/113,CivilLines,Kanpur-208001.kochi: AmrithaaTowers,OfficeNo.40/1045H1,6thFloor,Opp.MaharajasCollegeGround,M.GRoad,Kochi-682011.kolkata: Shagun Mall Building, 10-A, 4th Floor, Shakespeare Sarani, Kolkata-700071.Lucknow: Speed Motors Building, 3rd Floor, 3 Shanazaf Road, Hazratganj, Lucknow - 226001.Ludhiana: SCO-29,1stFloor,FerozeGandhiMarket,PakhowalRoad,Ludhiana-141001.Mangalore: MaximusCommercialComplex,OfficeNo.UGI-5,UpperGroundFloor,LightHouseHillRoad,Opp.KMC,Mangalore-575001.Mumbai - Andheri: NATRAJ,OfficeNo.302,3rdFloor,PlotNo–194,MVRoadJunction,WesternExpressHighway,Andheri(East),Mumbai–400069.Mumbai (Nariman Point): Mafatlal Centre, 10th Floor, Nariman Point, Mumbai - 400021.Nagpur: Milestone,OfficeNo.108&109,1stFloor,RamdasPeth,WardhaRoad,Nagpur-440010.Nashik: Bedmutha’sNavkarHeights,OfficeNo.1&2,3rdFloor,NewPanditColony,SharanpurRoad,Nasik-422005.New Delhi (UGF): DrGopalDasBhavan,UpperGroundFloor,28BarakhambaRoad,NewDelhi-110001.Patna: OfficeNoL309&L310,ThirdFloor,DumraonPlace,FrazerRoad,Patna800001.Pune: CityMall,1stFloor,OfficeNo.109(A,B,C),UniversitySquare,UniversityRoad,Pune-411007.Raipur: OfficeNoSf-18,2ndFloor,RahejaTowers,NearHotelCelebration,Fafadih,Raipur–492001.Rajkot: HemArcade,OfficeNo.303,3rdFloor,OppositeSwamiVivekanandStatue,Dr.YagnikRoad,Rajkot-360001.Ranchi: ShrilokComplex,OfficeNo.106&109,1stFloor,PlotNo-1999&2000,4,HazaribaghRoad,Ranchi-834001Surat: InternationalTradeCentre(ITC),OfficeNo.G-28,GroundFloor,MajuraGateCrossing,RingRoad,Surat-395002.Trivandrum: Menamthottam Chambers, TC-2442(7), 2nd Floor, Pattom PO, Thiruvananthapuram – 695004Vadodara: NamanHouse,GroundFloor,1/2-B,HaribhaktiColony,Opp.RaceCoursePostOffice,RaceCourse,NearBirdCircle,Vadodara-390007.Vapi: BhikajiRegency,OfficeNo.3,1stFloor,OppositeDCBBank,Vapi–SilvasaRoad,Vapi–396195.Varanasi: ArihantComplex,7thFloor,D-64/127,C-H,Sigra,Varanasi-221010.Vizag: Officeno304B,VRCcomplex,47-15-14/15,RajajeeNagar,DwarakaNagar,Visakhapatnam–530016.

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t for

SIP

(all

sche

mes

exc

ept D

SPBR

TSF)

: 12

. Min

imum

num

ber o

f ins

tallm

ent f

or S

IP (D

SPBR

TSF)

: 6.

# Mon

thly

inco

me

is no

t ass

ured

and

is su

bjec

t to

avai

labi

lity

of d

istrib

utab

le su

rplu

s. *T

he te

rm “

Flex

ible

” in

the

nam

e of

the

Sche

me

signifie

sthatthe

Investmen

tMan

ageroft

heUnd

erlyingFu

ndcan

investeith

erin

growthorv

alue

investmen

tcharacteris

ticsecuritiesplacinganem

phasisasthe

marke

tou

tlookw

arrants.In

vestorsarerequ

estedtonotethatnofreshpu

rcha

se/a

ddition

alpurchase/

switc

hins/ST

P-insshallb

eaccepted

in

theInstitu

tiona

lPlan(‘Discon

tinue

dplan

’)und

erDSPBR

EF,D

SPBR

TEF,DSPBR

OF,D

SPBR

ITF,DSPBR

TF,D

SPBR

SMF,DSPBR

MCF,D

SPBR

NRNE

F,DSPBR

WGF,D

SPBR

WEF,D

SPBR

WMF,DSPBR

IOFan

dDS

PBRM

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gularP

lan(‘Discon

tinue

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’)und

erDSPBR

LFand

DSPBR

SBF.How

ever,t

here

demption/

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hou

t/Sy

stem

atic

With

draw

al P

lan

(‘SW

P’)/

Sys

tem

atic

Tra

nsfe

r Pla

n (‘

STP’

) - o

ut u

nder

Disc

ontin

ued

plan

will

be

proc

esse

d. In

vest

ors

in d

iscon

tinue

d pl

an a

re re

ques

ted

to re

fer n

otic

e da

ted

28/0

9/20

12 a

nd 2

5/10

/201

2 fo

r det

ails

abou

t disc

ontin

ued

plan

. For

Cur

rent

Exp

ense

ratio

det

ails

of a

ll th

e Sc

hem

es,

Inve

stor

s are

requ

este

d to

visi

t ww

w.ds

pbla

ckro

ck.c

om, W

ith e

ffec

t fro

m J

anua

ry 1

, 201

3, D

irect

Pla

n ha

s bee

n in

trod

uced

in a

ll th

e Sc

hem

es o

f DSP

Bla

ckRo

ck M

utua

l Fun

d. D

irect

Pla

n is

a se

para

te p

lan

for d

irect

inve

stm

ents

i.e.

inve

stm

ents

not

rout

ed th

roug

h a

dist

ribut

or. N

ote:

Inve

stor

s are

adv

ised

to re

fer t

o th

e Sc

hem

e In

form

atio

n Do

cum

ent (

SID)

, Key

Info

rmat

ion

Mem

oran

dum

(KIM

) and

add

enda

issu

ed fr

om ti

me

to ti

me,

to k

now

the

term

s and

feat

ures

of t

he sc

hem

es a

s pre

vaili

ng o

n th

e da

te o

f sub

miss

ion

of a

pplic

atio

n fo

r sub

scrip

tion/

rede

mpt

ion/

switc

h/no

n-fin

anci

al tr

ansa

ctio

n.

Inve

stor

s are

requ

este

d to

not

e th

at w

ith e

ffec

t fro

m O

ctob

er 1

, 201

4, n

o fr

esh

purc

hase

/add

ition

al p

urch

ase/

switc

h in

s/ S

TP-in

s/ S

IP-in

s am

ount

ing

to m

ore

than

Rs.

2 L

akh

(Rup

ees T

wo

Lakh

) sha

ll be

acc

epte

d un

der a

ny p

lan

of D

SPBR

MCF

. Inv

esto

rs a

re re

ques

ted

to re

ad th

e re

leva

nt n

otic

e an

d ad

dend

a to

the

SID

and

KIM

ava

ilabl

e at

ww

w.ds

pbla

ckro

ck.c

om fo

r fur

ther

det

ails.

The

susp

ensio

n of

afo

resa

id tr

ansa

ctio

ns w

ill c

ontin

ue ti

ll iss

uanc

e of

furt

her n

otic

e.

Stat

utor

y De

tails

: DSP

Bla

ckRo

ck M

utua

l Fun

d w

as s

et u

p as

a T

rust

and

the

set

tlor

s/sp

onso

rs a

re D

SP A

DIKO

Hol

ding

s Pv

t. L

td.

& D

SP H

MK

Hold

ings

Pvt

. Lt

d. (

colle

ctiv

ely)

and

Bla

ckRo

ck In

c. (

Com

bine

d lia

bilit

y re

stric

ted

to R

s. 1

lakh

). T

rust

ee:

DSP

Blac

kRoc

k Tr

uste

e Co

mpa

ny P

vt.

Ltd.

Inve

stm

ent

Man

ager

: DSP

Bla

ckRo

ck In

vest

men

t M

anag

ers

Pvt.

Ltd

. Ri

sk F

acto

rs: M

utua

l fun

ds, l

ike

secu

ritie

s in

vest

men

ts, a

re s

ubje

ct t

o m

arke

t an

d ot

her

risk

s an

d th

ere

can

be n

o as

sura

nce

that

the

Sch

eme’

s ob

ject

ives

will

be

achi

eved

. As

with

any

inve

stm

ent i

n se

curi

ties,

the

NAV

of U

nits

issu

ed u

nder

the

Sche

me

can

go u

p or

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n de

pend

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on th

e fa

ctor

s an

d fo

rces

aff

ectin

g ca

pita

l mar

kets

. Pas

t pe

rfor

man

ce o

f the

spo

nsor

/AM

C/m

utua

l fun

d do

es n

ot in

dica

te t

he fu

ture

per

form

ance

of t

he

Sche

me.In

vestorsinth

eSche

meareno

tbeingoffered

agua

rantee

dorassured

rateofreturn.EachSche

me/

Plan

isre

quire

dtohave(i)minim

um20investorsan

d(ii)n

osinglein

vestorholding>25%

ofc

orpu

s.Ifth

eaforesaidpo

int(i)isnotfu

lfille

dwith

inth

eprescribed

tim

e, t

he S

chem

e/Pl

an c

once

rned

will

be

wou

nd u

p an

d in

cas

e of

bre

ach

of t

he a

fore

said

poi

nt (i

i) at

the

end

of t

he p

resc

ribed

per

iod,

the

inve

stor

’s h

oldi

ng in

exc

ess

of 2

5% o

f the

cor

pus

will

be

rede

emed

as

per

SEBI

gui

delin

es. T

he n

ames

of t

he S

chem

es d

o no

t in

any

man

ner

indi

cate

the

qual

ity o

f the

Sch

emes

, the

ir fu

ture

pro

spec

ts o

r re

turn

s. Forschem

especificris

kfactors,pleaserefertheSID.Form

orede

tails,p

leaserefertheKIMcum

App

licationForm

s,whichareavaila

bleon

the

web

site,w

ww.dspb

lackrock.com

,and

at t

he IS

Cs/D

istr

ibut

ors.

Mut

ual F

und

inve

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arke

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e re

late

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SChE

ME N

AME

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pplic

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pplic

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com

e Op

port

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und

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1000

Not A

pplic

able

Hold

ing

perio

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%Ho

ldin

g pe

riod

>12

mon

ths a

nd <

= 24

mon

ths:

1%

Hold

ing

perio

d >

24 m

onth

s and

<=

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onth

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.5%

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ing

perio

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k St

rate

gic

Bond

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üü

üü

üü

ü10

00No

t App

licab

leHo

ldin

g Pe

riod

<= 7

cal

enda

r day

s: 0

.10%

Hold

ing

Perio

d >

7 ca

lend

ar d

ays:

Nil

DSP

Blac

kRoc

k Bo

nd F

und

(DSP

BRBF

) R

P/DP

üü

üü

ü

1000

Not A

pplic

able

Hold

ing

Perio

d <=

12 m

onth

s: 1

%Ho

ldin

g Pe

riod

>12

mon

ths:

Nil

DSP

Blac

kRoc

k Go

vern

men

t Sec

uriti

es F

und

(DSP

BRGF

) R

P/DP

üü

üü

ü

1000

Not A

pplic

able

Hold

ing

Perio

d <=

7 c

alen

dar d

ays:

0.1

0%Ho

ldin

g Pe

riod

> 7

cale

ndar

day

s: N

il

DSP

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kRoc

k Co

nsta

nt M

atur

ity 1

0Y G

-Sec

Fun

d (D

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RP/

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üü

üü

üü

1000

Not A

pplic

able

Hold

ing

Perio

d<=7

cal

enda

r day

s: 0

.10%

Hold

ing

Perio

d >7

cal

enda

r day

s: N

il

DSP

Blac

kRoc

k MI

P Fu

nd# (

DSPB

RMIP

F)

RP/

DPü

üü

üü

10

00No

t App

licab

le

Hold

ing

Perio

d <

12 m

onth

s: 2

%Ho

ldin

g Pe

riod

>= 1

2 m

onth

s and

< 2

4 m

onth

s: 1

%Ho

ldin

g Pe

riod

>= 2

4 m

onth

s and

< 3

6 m

onth

s: 0

.50%

Hold

ing

Perio

d >=

36

mon

ths:

Nil

DSP

Blac

kRoc

k Eq

uity

Fun

d (D

SPBR

EF),

DSP

Blac

kRoc

k To

p 10

0 Eq

uity

Fun

d (D

SPBR

TEF)

, DSP

Bla

ckRo

ck O

ppor

tuni

ties F

und

(DSP

BROF

), DS

P Bl

ackR

ock

Tech

nolo

gy.c

om F

und

(DSP

BRTF

), DS

P Bl

ackR

ock

Natu

ral R

esou

rces

and

New

Ener

gy

Fund

(DSP

BRNR

NEF)

RP/

DPü

üü

10

00No

t App

licab

leHo

ldin

g Pe

riod

< 12

mon

ths:

1%

Hold

ing

Perio

d >=

12

mon

ths:

Nil

DSP

Blac

kRoc

k In

dia

T.I.G

.E.R

. Fun

d (T

he In

frast

ruct

ure

Grow

th a

nd E

cono

mic

Re

form

s Fun

d) (D

SPBR

ITF)

, DSP

Bla

ckRo

ck M

icro

Cap

Fun

d (D

SPBR

MCF)

, DS

P Bl

ackR

ock

wor

ld G

old

Fund

(DSP

BRw

GF),

DSP

Blac

kRoc

k w

orld

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rgy

Fund

(DSP

BRw

EF),

DSP

Blac

kRoc

k w

orld

Min

ing

Fund

(DSP

BRw

MF),

DSP

Blac

kRoc

k Fo

cus 2

5 Fu

nd (D

SPBR

F25F

), DS

P Bl

ackR

ock

wor

ld A

gric

ultu

re F

und

(DSP

BRw

AF),

DSP

Blac

kRoc

k US

Fle

xibl

e* E

quity

Fun

d (D

SPBR

USFE

F) &

DSP

Bl

ackR

ock

Glob

al A

lloca

tion

Fund

(DSP

BRGA

F)

RP/

DPü

üü

10

00No

t App

licab

leHo

ldin

g Pe

riod

< 24

mon

ths:

1%

Hold

ing

Perio

d >=

24

mon

ths:

Nil

DSP

Blac

kRoc

k Sm

all a

nd M

id C

ap F

und

(DSP

BRSM

F) R

P/DP

üü

ü

1000

Not A

pplic

able

Hold

ing

Perio

d <

18 m

onth

s: 1

%Ho

ldin

g Pe

riod

>= 1

8 m

onth

s: N

il

DSP

Blac

kRoc

k Ba

lanc

ed F

und

(DSP

BRBa

lF)

RP/

DPü

üü

üü

1000

Not A

pplic

able

Hold

ing

Perio

d <

12 m

onth

s: 1

%Ho

ldin

g Pe

riod

>= 1

2 m

onth

s: N

ilDS

P Bl

ackR

ock

Tax

Save

r Fun

d (D

SPBR

TSF)

^ R

P/DP

üü

50

0 No

t App

licab

leNo

t App

licab

le

DSP

Blac

kRoc

k Dy

nam

ic A

sset

Allo

catio

n Fu

nd (D

SPBR

DAAF

)RP

/DP

üü

ü10

00No

t App

licab

leHo

ldin

g Pe

riod

<= 1

yea

r: 1

%Ho

ldin

g Pe

riod

> 1

year

& <

= 2

year

s: 0

.5%

Ho

ldin

g Pe

riod

> 2

year

s: N

il

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

People in India today realize that there is opportunity to generate wealth if they invest intelligently. Investors are looking for the appropriate balance of equity and debt in their portfolio to help extract great value. Which leads to one big question.

There is no guarantee of returns/ income generation in the Scheme. Further, there is no assurance of any capital protection/capital guarantee to the investors in the Scheme. ^Investors should consult their financial advisors if in doubt about whether the product is suitable for them. Note: Risk may be represented as: (Blue): Investors understand that their principal will be at low risk (Yellow): Investors understand that their principal will be at medium risk(Brown): Investors understand that their principal will be at high risk

Consider a balanced mutual fund scheme which combines the high-return potential of the equity asset class with low-risk benefits of investing in the fixed income asset class over an investment horizon of at least 3 years.

At least 65% of this scheme’s assets are invested in a well diversified equity portfolio which is actively managed, while the balance can be invested in a fixed income portfolio comprising quality debt securities. So if you’re looking for a good balance between the two worlds, this may be the scheme to consider.

So what do I do with my money?

DSP BLACKROCK BALANCED FUNDOpen Ended Balanced Scheme

This Scheme is suitable forinvestors 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

High Risk (Brown)

HOW SHOULD I GROWTHE VALUE OF MY INVESTMENTS WHILE TAKING LIMITED RISK?

Speak to your investment advisor or visit dspblackrock.com/bal for more.

dsp blackrock mutual fund consolidated factsheet march 2015

Economy & Finance

investment manager

investment universe

low risk blue investors

underlying fund

days low risk blueopen

dspbrmipf income

monthly income

medium risk yellow investors