january 31, 2016 - dspim.com

JANUARY 31, 2016

SCHEME PRODUCT SUITABILITY RISKOMETER

DSP BlackRock Equity Fund

This Scheme is suitable for investors who are seeking*

•Long-term capital growth•Investmentinequityandequity-relatedsecuritiestoformadiversifiedportfolio

DSP BlackRock Opportunities Fund


•Long-term capital growth•Investmentinequityandequity-relatedsecuritiestoformadiversifiedportfolio

DSP BlackRock Top 100 Equity Fund


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

capitalization)

DSP BlackRock Small and Mid Cap Fund


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

capitalization

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


•Long-term capital growth•Investmentinequityandequity-relatedsecuritiesofcorporates,whichcouldbenefitfromstructuralchanges

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

DSP BlackRock Technology.com Fund


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

sectors

DSP BlackRock Micro Cap Fund


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

capitalization)

DSP BlackRock Focus 25 Fund


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

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

DSP BlackRock Natural Resources and New Energy Fund


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

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

PRODUCT LABELLING: OPEN ENDED GROWTH SCHEMES


DSP BlackRock Tax Saver Fund


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

PRODUCT LABELLING: OPEN ENDED EQUITY LINKED SAVING SCHEME

PRODUCT LABELLING: OPEN ENDED INCOME SCHEMES


DSP BlackRock Bond Fund


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

DSP BlackRock Constant Maturity 10Y G-Sec Fund


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

DSP BlackRock Short Term Fund


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

DSP BlackRock Income Opportunities Fund


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

DSP BlackRock Strategic Bond Fund


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

DSP BlackRock Money Manager Fund


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

DSP BlackRock Government Securities Fund


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

DSP BlackRock Ultra Short Term Fund


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

PRODUCT LABELLING: OPEN ENDED INCOME SCHEMES

PRODUCT LABELLING: FUND OF FUNDS SCHEMES


DSP BlackRock Banking & PSU Debt Fund


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

DSP BlackRock MIP~ Fund

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


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

securities

PRODUCT LABELLING: OPEN ENDED BALANCED SCHEME


DSP BlackRock Balanced Fund


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

securities

PRODUCT LABELLING: OPEN ENDED LIQUID SCHEME


DSP BlackRock Liquidity Fund


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

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


DSP BlackRock Treasury Bill Fund


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

PRODUCT LABELLING: OPEN ENDED FUND OF FUNDS SCHEMES


DSP BlackRock World Gold Fund


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

companies

DSP BlackRock World Energy Fund


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

in the energy and alternative energy sectors

DSP BlackRock World Mining Fund


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

companies

DSP BlackRock World Agriculture Fund


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

in the agriculture value chain

DSP BlackRock US Flexible^ Equity Fund


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

in, or exercising the predominant part of their economic activity in the USA ^Theterm“Flexible”inthenameoftheSchemesignifiesthattheInvestmentManageroftheUnderlyingFundcaninvesteitherin

growth or value investment characteristic securities placing an emphasis as the market outlook warrants.

DSP BlackRock Dynamic Asset Allocation Fund


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

DSP BlackRock Global Allocation Fund


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

world

*Investorsshouldconsulttheirfinancialadvisorsifindoubtaboutwhethertheproductissuitableforthem.

7

Sr. No.

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

% to Net Assets

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

1 HDFC Bank Limited Banks 2,024,978 21,259.23 9.08%

2 Maruti Suzuki India Limited Auto 450,455 18,449.96 7.88%

3 Reliance Industries Limited Petroleum Products 1,111,750 11,511.06 4.91%

4 Infosys Limited Software 946,135 11,021.53 4.71%

5 UltraTech Cement Limited Cement 314,244 8,924.84 3.81%

6 IndusInd Bank Limited Banks 938,847 8,720.01 3.72%

7 Ashok Leyland Limited Auto 8,966,761 8,034.22 3.43%

8 Tata Motors Limited Auto 2,808,804 7,603.62 3.25%

9 Bharat Petroleum Corporation Limited Petroleum Products 850,659 7,597.66 3.24%

10 SRF Limited Textile Products 600,004 6,999.35 2.99%

11 Sun Pharmaceuticals Industries Limited Pharmaceuticals 796,098 6,949.54 2.97%

12 Arvind Limited Textile Products 1,888,262 6,160.45 2.63%

13 Kotak Mahindra Bank Limited Banks 889,764 6,082.43 2.60%

14 Hindustan Petroleum Corporation Limited Petroleum Products 725,006 5,915.69 2.53%

15 Tata Consultancy Services Limited Software 240,888 5,760.35 2.46%

16 Cummins India Limited Industrial Products 618,224 5,709.92 2.44%

17 Interglobe Aviation Limited Transportation 594,043 5,196.09 2.22%

18 Zee Entertainment Enterprises Limited Media & Entertainment 1,168,680 4,909.04 2.10%

19 Bayer Cropscience Limited Pesticides 142,230 4,809.72 2.05%

20 Gujarat State Petronet Limited Gas 3,422,741 4,754.19 2.03%

21 Atul Limited Chemicals 321,704 4,672.75 2.00%

22 United Spirits Limited Consumer Non Durables 187,259 4,659.85 1.99%

23 Sadbhav Engineering Limited Construction Project 1,486,452 4,593.14 1.96%

24 Supreme Industries Limited Industrial Products 552,089 4,089.60 1.75%

25 Eicher Motors Limited Auto 24,080 3,984.42 1.70%

26 IPCA Laboratories Limited Pharmaceuticals 555,015 3,712.77 1.59%

27 Sterlite Technologies Limited Industrial Products 3,982,251 3,470.53 1.48%

28 Larsen & Toubro Limited Construction Project 299,685 3,301.48 1.41%

29 NCC Limited Construction Project 4,862,963 3,131.75 1.34%

30 Bank of Baroda Banks 2,413,830 3,026.94 1.29%

31 Wockhardt Limited Pharmaceuticals 222,492 2,833.32 1.21%

32 Gujarat Gas Limited Gas 486,246 2,782.79 1.19%

33 Max Financial Services Limited Finance 741,002 2,709.84 1.16%

34 Coal India Limited Minerals/Mining 787,577 2,519.85 1.08%

35 Havells India Limited Consumer Durables 831,466 2,466.96 1.05%

36 Bajaj Finance Limited Finance 40,182 2,382.15 1.02%

37 NIIT Limited Software 2,343,418 2,004.79 0.86%

38 Torrent Power Limited Power 824,269 1,928.79 0.82%

39 Finolex Industries Limited Industrial Products 546,854 1,738.45 0.74%

40 Cadila Healthcare Limited Pharmaceuticals 346,735 1,054.77 0.45%

41 Finolex Cables Limited Industrial Products 432,010 1,002.70 0.43%

42 Tube Investments of India Limited Auto Ancillaries 206,684 858.88 0.37%

43 Max India Finance 741,002 639.78 0.27%

44 Max Ventures and Industries Limited Finance 148,200 72.35 0.03%

45 Alembic Pharmaceuticals Limited Pharmaceuticals 10,553 65.16 0.03%

Total 230,072.71 98.27%

Unlisted

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

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

Total - 0.00%

DEBT INSTRUMENTS

BOND & NCD'sListed / awaiting listing on the stock exchanges

48 Blue Dart Express Limited ICRA AA 228,095 23.22 0.01%

Total 23.22 0.01%

MONEY MARKET INSTRUMENTS

49 CBLO / Reverse Repo Investments 2,798.40 1.19%

Total 2,798.40 1.19%

Cash & Cash Equivalent

Cash Margin 87.05 0.04%

Net Receivables/Payables 1,222.79 0.49%

Total 1,309.84 0.53%

GRAND TOTAL 234,204.17 100.00%

TRANSPORTATION 2.22%MEDIA & ENTERTAINMENT 2.10%PESTICIDES 2.05%CHEMICALS 2.00%CONSUMER NON DURABLES 1.99%MINERALS/MINING 1.08%CONSUMER DURABLES 1.05%POWER 0.82%AUTO ANCILLARIES 0.37%CASH & EQUIvALENT 1.72%

BANKS 16.69%AUTO 16.26%PETROLEUM PRODUCTS 10.68%SOFTWARE 8.03%INDUSTRIAL PRODUCTS 6.84%PHARMACEUTICALS 6.25%TExTILE PRODUCTS 5.62%CONSTRUCTION PROjECT 4.71%CEMENT 3.81%GAS 3.22%FINANCE 2.48%

Sectoral Allocation

Notes: 1. Weighted Average Expense Ratio : IP: 1.62% RP: 2.31% DP: 1.62% 2. Portfolio Turnover Ratio (Last 12 months): 0.96 3 Year Risk Statistics: 1. Standard Deviation: 17.98% 2. Beta: 1.17 3. R-Squared: 92.65% 4. Sharpe Ratio: 0.32 *Less than 0.01%.

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

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

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

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

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

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

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

INCEPTION DATEApril 29, 1997

NAv AS ONjanuary 29, 2016$

Regular PlanGrowth: 25.326

Direct PlanGrowth: 25.779

TOTAL AUM AS ON january 31, 20162,342.04 Cr.

MONTHLY AvERAGE AUM AS ON jANUARY 31, 2016 2,384.78 Cr

DSP BlackRock Equity Fund

Portfolio

8

Portfolio Sectoral AllocationAUTO 18.76%BANKS 18.29%PETROLEUM PRODUCTS 14.28%SOFTWARE 9.86%PHARMACEUTICALS 6.68%CEMENT 5.91%FINANCE 5.57%TRANSPORTATION 4.21%

Notes: 1. Weighted Average Expense Ratio : IP: 1.58% RP: 2.28% DP: 1.58% 2. Portfolio Turnover Ratio (Last 12 months): 1.13 3 Year Risk Statistics: 1. Standard Deviation: 16.06% 2. Beta: 1.08 3. R-Squared: 92.38% 4. Sharpe Ratio: 0.10

Sr. No.


% to Net Assets


1 HDFC Bank Limited Banks 2,932,892 30,790.97 9.45%2 Maruti Suzuki India Limited Auto 574,125 23,515.30 7.22%3 Reliance Industries Limited Petroleum Products 2,216,938 22,954.18 7.04%4 Infosys Limited Software 1,680,234 19,573.05 6.01%5 Tata Motors Limited Auto 6,259,201 17,484.97 5.37%6 UltraTech Cement Limited Cement 568,916 16,157.78 4.96%7 IndusInd Bank Limited Banks 1,676,133 15,567.92 4.78%

8 Bharat Petroleum Corporation Limited Petroleum Products 1,646,980 14,710.00 4.51%

9 Bajaj Finserv Limited Finance 571,068 10,631.29 3.26%10 Divi's Laboratories Limited Pharmaceuticals 838,492 9,566.77 2.94%

11 Sun Pharmaceuticals Industries Limited Pharmaceuticals 1,074,202 9,377.25 2.88%

12 Kotak Mahindra Bank Limited Banks 1,361,052 9,304.15 2.86%

13 Zee Entertainment Enterprises Limited Media & Entertainment 2,144,698 9,008.80 2.76%

14 Hindustan Petroleum Corporation Limited Petroleum Products 1,089,135 8,886.80 2.73%


16 Cummins India Limited Industrial Products 902,771 8,337.99 2.56%17 GAIL (India) Limited Gas 2,181,141 8,039.69 2.47%18 Eicher Motors Limited Auto 48,030 7,947.33 2.44%19 Bajaj Finance Limited Finance 127,232 7,542.82 2.31%20 Larsen & Toubro Limited Construction Project 644,967 7,105.28 2.18%21 United Spirits Limited Consumer Non Durables 282,696 7,034.75 2.16%22 Hero MotoCorp Limited Auto 268,673 6,893.21 2.12%23 Interglobe Aviation Limited Transportation 758,837 6,637.55 2.04%24 Ashok Leyland Limited Auto 5,847,290 5,239.17 1.61%25 Bank of Baroda Banks 3,115,518 3,906.86 1.20%

26 Container Corporation of India Limited Transportation 317,192 3,764.59 1.16%

27 Tech Mahindra Limited Software 731,196 3,666.22 1.13%

28 Adani Ports and Special Economic Zone Limited Transportation 1,552,229 3,294.61 1.01%

29 Bharat Electronics Limited Industrial Capital Goods 259,475 3,195.56 0.98%30 Shree Cements Limited Cement 29,200 3,080.53 0.95%31 Coal India Limited Minerals/Mining 901,200 2,883.39 0.88%

32 Torrent Pharmaceuticals Limited Pharmaceuticals 200,000 2,797.70 0.86%

33 ABB India Limited Industrial Capital Goods 69,620 676.08 0.21%Total 318,451.94 97.76%



Total 5,836.70 1.79%

Cash & Cash EquivalentCash Margin 558.39 0.16%Net Receivables/Payables 1,012.29 0.29%Total 1,570.68 0.45%GRAND TOTAL 325,859.32 100.00%

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

MEDIA & ENTERTAINMENT 2.76%INDUSTRIAL PRODUCTS 2.56%GAS 2.47%CONSTRUCTION PROjECT 2.18%CONSUMER NON DURABLES 2.16%INDUSTRIAL CAPITAL GOODS 1.19%MINERALS/MINING 0.88%CASH & EQUIvALENT 2.24%

Portfolio

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

FEATURES


1,000/- & any amount thereafter

•Optionsavailable:(RP&DP)

•Growth•Dividend - Payout Dividend

- Reinvest Dividend



INCEPTION DATEMar 10, 2003


Regular PlanGrowth - 143.347

Direct PlanGrowth - 145.844



9

Portfolio

Sectoral AllocationBANKS 18.55%PHARMACEUTICALS 16.45%PETROLEUM PRODUCTS 11.91%AUTO 10.88%SOFTWARE 9.07%CEMENT 5.68%GAS 4.13%INDUSTRIAL PRODUCTS 3.87%CONSTRUCTION 2.79%CONSTRUCTION PROjECT 2.14%TExTILE PRODUCTS 1.79%

CONSUMER NON DURABLES 1.71%CONSUMER DURABLES 1.48%FINANCE 1.47%NON - FERROUS METALS 1.21%MINERALS/MINING 1.03%TRANSPORTATION 1.01%INDUSTRIAL CAPITAL GOODS 0.99%AUTO ANCILLARIES 0.89%FERROUS METALS 0.68%CASH & EQUIvALENT 2.27%

Notes: 1. Weighted Average Expense Ratio : RP: 2.69%. DP: 1.92% 2. Portfolio Turnover Ratio (Last 12 months): 1.78. 3 Year Risk Statistics: 1. Standard Deviation: 14.33% 2. Beta: 0.93 3. R-Squared: 91.37% 4. Sharpe Ratio: 0.59

Sr. No.


% to Net Assets


1 HDFC Bank Limited Banks 602,230 6,322.51 8.11%2 Tata Motors Limited Auto 1,556,841 5,245.00 6.73%3 Infosys Limited Software 377,464 4,397.08 5.64%


5 IndusInd Bank Limited Banks 422,293 3,922.26 5.03%


7 ICICI Bank Limited Banks 1,500,149 3,452.59 4.43%8 Reliance Industries Limited Petroleum Products 319,691 3,310.08 4.25%9 Maruti Suzuki India Limited Auto 79,042 3,237.44 4.15%10 Cadila Healthcare Limited Pharmaceuticals 713,167 2,169.45 2.78%


12 Wockhardt Limited Pharmaceuticals 145,607 1,854.23 2.38%13 UltraTech Cement Limited Cement 61,666 1,751.38 2.25%14 Gujarat State Petronet Limited Gas 1,215,585 1,688.45 2.17%


16 Gujarat Gas Limited Gas 266,369 1,524.43 1.96%17 Tech Mahindra Limited Software 270,326 1,355.41 1.74%18 United Spirits Limited Consumer Non Durables 53,602 1,333.86 1.71%19 HCL Technologies Limited Software 151,908 1,315.14 1.69%20 Lupin Limited Pharmaceuticals 68,665 1,174.69 1.51%21 Havells India Limited Consumer Durables 389,759 1,156.41 1.48%22 Bajaj Finance Limited Finance 19,372 1,148.45 1.47%23 Wim Plast Ltd. Industrial Products 56,060 1,056.59 1.36%24 Finolex Industries Limited Industrial Products 329,847 1,048.58 1.34%25 Ashoka Buildcon Limited Construction Project 532,352 1,028.50 1.32%26 Shree Cements Limited Cement 9,277 978.70 1.26%27 Arvind Limited Textile Products 297,042 969.10 1.24%28 Ambuja Cements Limited Cement 483,805 945.11 1.21%29 Hindalco Industries Limited Non - Ferrous Metals 1,336,990 942.58 1.21%30 Sintex Industries Limited Industrial Products 1,157,280 915.41 1.17%31 Indoco Remedies Limited Pharmaceuticals 272,774 882.29 1.13%32 Somany Ceramics Limited Construction 235,022 859.59 1.10%

33 Dr. Reddy's Laboratories Limited Pharmaceuticals 26,692 828.89 1.06%

34 Coal India Limited Minerals/Mining 252,019 806.33 1.03%

35 Ahluwalia Contracts (India) Limited Construction 295,717 803.32 1.03%

36 Interglobe Aviation Limited Transportation 90,083 787.96 1.01%37 Crompton Greaves Limited Industrial Capital Goods 450,418 772.24 0.99%38 State Bank of India Banks 422,842 760.69 0.98%

39 Century Textiles & Industries Limited Cement 143,200 750.58 0.96%

40 Motherson Sumi Systems Limited Auto Ancillaries 260,453 693.20 0.89%

41 MangaloreRefineryandPetrochemicals Limited Petroleum Products 925,000 603.56 0.77%

42 Tata Steel Limited Ferrous Metals 212,571 530.79 0.68%43 MBL Infrastructures Limited Construction 315,012 513.00 0.66%44 SRF Limited Textile Products 36,516 425.98 0.55%45 Larsen & Toubro Limited Construction Project 29,408 323.97 0.42%46 NCC Limited Construction Project 485,046 312.37 0.40%

Total 76,190.07 97.73%



Total 2,208.76 2.83%

Cash & Cash EquivalentCash Margin 102.32 0.14%Net Receivables/Payables (526.21) -0.70%Total (423.89) -0.56%GRAND TOTAL 77,974.94 100.00%

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

DSP BlackRock Opportunities Fund

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


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

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

FEATURES

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





•Growth•Dividend - Payout Dividend - Reinvest Dividend

INCEPTION DATEMay 16, 2000




TOTAL AUM AS ON january 31, 2016779.75 Cr.

MONTHLY AvERAGE AUM AS ON jANUARY 31, 2016 795.61 Cr

10

Sr. No.


% to Net Assets


1 HDFC Bank Limited Banks 1,132,076 11,885.10 8.78%2 Reliance Industries Limited Petroleum Products 690,101 7,145.31 5.28%3 IndusInd Bank Limited Banks 738,744 6,861.45 5.07%


5 ICICI Bank Limited Banks 2,606,198 5,998.16 4.43%6 UltraTech Cement Limited Cement 193,479 5,495.00 4.06%7 Ashoka Buildcon Limited Construction Project 2,749,338 5,311.72 3.92%8 Sadbhav Engineering Limited Construction Project 1,550,758 4,791.84 3.54%9 J.Kumar Infraprojects Limited Construction 1,158,465 4,200.59 3.10%


11 Larsen & Toubro Limited Construction Project 334,625 3,686.40 2.72%

12 Techno Electric & Engineering Company Limited Construction Project 747,914 3,653.56 2.70%

13 Bharat Electronics Limited Industrial Capital Goods 266,080 3,276.91 2.42%14 PNC Infratech Limited Construction 609,530 3,087.57 2.28%15 Crompton Greaves Limited Industrial Capital Goods 1,764,078 3,024.51 2.23%

16 Adani Ports and Special Economic Zone Limited Transportation 1,403,024 2,977.92 2.20%

17 Alstom T&D India Limited Industrial Capital Goods 645,746 2,894.56 2.14%

18 Kalpataru Power Transmission Limited Power 1,374,438 2,713.14 2.00%

19 CESC Limited Power 578,144 2,614.95 1.93%


21 Power Grid Corporation of India Limited Power 1,477,905 2,185.08 1.61%

22 Interglobe Aviation Limited Transportation 247,747 2,167.04 1.60%23 Finolex Cables Limited Industrial Products 880,902 2,044.57 1.51%24 Grasim Industries Limited Cement 59,220 2,009.72 1.48%25 MBL Infrastructures Limited Construction 1,188,505 1,935.48 1.43%26 NCC Limited Construction Project 2,804,364 1,806.01 1.33%27 Gujarat Gas Limited Gas 312,730 1,789.75 1.32%


29 Ambuja Cements Limited Cement 843,664 1,648.10 1.22%30 JK Lakshmi Cement Limited Cement 543,838 1,640.49 1.21%31 Solar Industries India Limited Chemicals 53,015 1,633.79 1.21%

32 Zee Entertainment Enterprises Limited Media & Entertainment 359,930 1,511.89 1.12%

33 Power Mech Projects Limited Construction Project 255,092 1,507.34 1.11%34 Gateway Distriparks Limited Transportation 483,985 1,463.33 1.08%35 Sintex Industries Limited Industrial Products 1,748,718 1,383.24 1.02%36 Cummins India Limited Industrial Products 147,181 1,359.36 1.00%37 Skipper Limited Industrial Capital Goods 786,594 1,335.24 0.99%


39 State Bank of India Banks 722,836 1,300.38 0.96%40 Torrent Power Limited Power 528,274 1,236.16 0.91%41 Gujarat Pipavav Port Limited Transportation 721,696 1,162.65 0.86%42 KNR Constructions Limited Construction 230,325 1,138.96 0.84%43 Tata Steel Limited Ferrous Metals 372,866 931.05 0.69%44 KSK Energy Ventures Limited Power 1,911,215 909.74 0.67%45 JSW Energy Limited Power 942,183 722.18 0.53%46 Jindal Saw Limited Ferrous Metals 999,455 500.23 0.37%47 Petronet LNG Limited Gas 165,419 406.27 0.30%48 Max India Limited Finance 359,844 310.69 0.23%


Total 131,552.06 97.14%



Total 2,863.40 2.11%

Cash & Cash EquivalentCash Margin 111.80 0.09%Net Receivables/Payables 870.07 0.66%Total 981.87 0.75%GRAND TOTAL 135,397.33 100.00%

Sectoral Allocation

Notes: 1. Weighted Average Expense Ratio : RP: 2.42% DP: 1.87% 2. Portfolio Turnover Ratio (Last 12 months): 1.23 3 Year Risk Statistics: 1. Standard Deviation: 23.30% 2. Beta: 1.46 3. R-Squared: 80.25% 4. Sharpe Ratio: 0.18


BANKS 19.24%CONSTRUCTION PROjECT 15.32%PETROLEUM PRODUCTS 12.98%CEMENT 7.97%INDUSTRIAL CAPITAL GOODS 7.78%CONSTRUCTION 7.65%POWER 7.65%TRANSPORTATION 7.02%

INDUSTRIAL PRODUCTS 3.53%GAS 3.38%FINANCE 1.23%CHEMICALS 1.21%MEDIA & ENTERTAINMENT 1.12%FERROUS METALS 1.06%CASH & EQUIvALENT 2.86%

PortfolioPortfolio

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

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


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

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

FEATURES



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

- Reinvest Dividend


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

INCEPTION DATEJune 11, 2004






11

PortfolioSr. No.


% to Net Assets


1 Infosys Limited Software 267,533 3,116.49 35.19%2 Tech Mahindra Limited Software 147,216 738.14 8.34%3 HCL Technologies Limited Software 83,819 725.66 8.19%4 Majesco Limited Software 94,745 573.54 6.48%

5 Zee Entertainment Enterprises Limited

Media & Entertainment 102,620 431.06 4.87%

6 Tata Consultancy Services Limited Software 17,381 415.63 4.69%

7 Hexaware Technologies Limited Software 176,669 406.16 4.59%

8 Zensar Technologies Limited Software 34,113 308.50 3.48%

9 Oracle Financial Services Software Limited Software 7,878 286.74 3.24%

10 Bharti Airtel Limited Telecom - Services 79,475 230.40 2.60%11 MindTree Limited Software 13,456 198.08 2.24%12 Wipro Limited Software 31,063 174.82 1.97%13 Persistent Systems Limited Software 25,905 171.72 1.94%

14 Dish TV India Limited Media & Entertainment 183,453 167.40 1.89%

15 Accelya Kale Solutions Limited Software 14,409 130.99 1.48%

16 Redington (India) Limited Trading 97,866 101.34 1.14%17 NIIT Technologies Limited Software 16,974 93.65 1.06%18 Cyient Limited Software 15,000 65.73 0.74%19 City Online Services Ltd Telecom - Services 200,000 6.44 0.07%

Total 8,342.49 94.20%


20 CBLO / Reverse Repo Investments 74.96 0.85%

Total 74.96 0.85%

Cash & Cash EquivalentCash Margin 87.14 0.99%Net Receivables/Payables 350.44 3.96%Total 437.58 4.95%GRAND TOTAL 8,855.03 100.00%

Sectoral Allocation SOFTWARE 83.63%MEDIA & ENTERTAINMENT 6.76%TELECOM - SERvICES 2.67%

TRADING 1.14%CASH & EQUIvALENT 5.80%

Notes: 1. Weighted Average Expense Ratio : RP: 2.98% DP: 2.43% 2. Portfolio Turnover Ratio (Last 12 months): 0.71. 3 Year Risk Statistics: 1. Standard Deviation: 16.22% 2. Beta: 0.84 3. R-Squared: 85.58% 4. Sharpe Ratio:0.81.


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


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

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

FEATURES



•Optionsavailable(RP&DP)










DSP BlackRock Technology.com Fund

12

Sr. No.

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

% to Net Assets


1 Techno Electric & Engineering Company Limited Construction Project 1,916,867 9,363.90 5.20%

2 Kotak Mahindra Bank Limited Banks 1,273,143 8,703.21 4.84%3 SRF Limited Textile Products 704,291 8,215.91 4.56%4 Arvind Limited Textile Products 1,805,323 5,889.87 3.27%


6 Sadbhav Engineering Limited Construction Project 1,849,815 5,715.93 3.18%


8 Atul Limited Chemicals 336,245 4,883.96 2.71%9 IPCA Laboratories Limited Pharmaceuticals 725,951 4,856.25 2.70%10 Sterlite Technologies Limited Industrial Products 5,414,717 4,718.93 2.62%11 IndusInd Bank Limited Banks 461,786 4,289.07 2.38%12 Gujarat Gas Limited Gas 742,655 4,250.21 2.36%13 Supreme Industries Limited Industrial Products 560,163 4,149.41 2.31%14 Ashok Leyland Limited Auto 4,504,416 4,035.96 2.24%15 Bharat Electronics Limited Industrial Capital Goods 317,941 3,915.60 2.18%16 Havells India Limited Consumer Durables 1,294,260 3,840.07 2.13%

17 Credit Analysis And Research Limited Finance 316,950 3,835.41 2.13%

18 Max Financial Services Limited Finance 1,033,069 3,777.93 2.10%19 Alkem Laboratories Limited Pharmaceuticals 267,568 3,635.71 2.02%20 Wockhardt Limited Pharmaceuticals 283,708 3,612.88 2.01%21 Cummins India Limited Industrial Products 305,010 2,817.07 1.57%22 Manappuram Finance Limited Finance 9,802,273 2,803.45 1.56%23 NIIT Limited Software 3,237,153 2,769.38 1.54%

24 Coromandel International Limited Fertilisers 1,606,408 2,717.24 1.51%

25 Bayer Cropscience Limited Pesticides 75,546 2,554.70 1.42%26 Blue Dart Express Limited Transportation 40,034 2,517.64 1.40%27 Jyothy Laboratories Limited Consumer Non Durables 852,836 2,446.36 1.36%28 Polyplex Corporation Limited Industrial Products 986,439 2,385.21 1.33%

29 Procter & Gamble Hygiene and Health Care Limited Consumer Non Durables 40,859 2,269.80 1.26%

30 The Ramco Cements Limited Cement 581,735 2,262.95 1.26%31 HDFC Bank Limited Banks 214,035 2,247.05 1.25%32 Finolex Industries Limited Industrial Products 685,700 2,179.84 1.21%

33 Prestige Estates Projects Limited Construction 1,150,916 2,133.80 1.19%

34 Sharda Cropchem Limited Pesticides 852,705 1,930.52 1.07%

35 Pennar Engineered Building Systems Limited Ferrous Metals 1,180,176 1,818.06 1.01%

36 Prism Cement Limited Cement 2,395,993 1,816.16 1.01%

37 Indian Terrain Fashions Limited Textile Products 1,580,925 1,807.79 1.00%

38 NCC Limited Construction Project 2,799,109 1,802.63 1.00%39 Mayur Uniquoters Ltd Textile Products 384,670 1,798.91 1.00%40 VRL Logistics Limited Transportation 439,010 1,756.04 0.98%41 Kaya Limited Consumer Non Durables 168,375 1,685.18 0.94%42 Repco Home Finance Limited Finance 257,711 1,657.34 0.92%43 Narayana Hrudayalaya Ltd. Healthcare Services 490,466 1,636.44 0.91%44 Crompton Greaves Limited Industrial Capital Goods 953,314 1,634.46 0.91%45 Dr. Lal Path Labs Ltd. Healthcare Services 206,156 1,596.06 0.89%46 Eicher Motors Limited Auto 9,265 1,533.04 0.85%47 Torrent Power Limited Power 612,979 1,434.37 0.80%

48 Tube Investments of India Limited Auto Ancillaries 338,147 1,405.17 0.78%

49 ABB India Limited Industrial Capital Goods 144,112 1,399.47 0.78%50 K.P.R. Mill Limited Textile Products 186,090 1,364.23 0.76%51 WPIL Ltd. Industrial Products 312,010 1,323.23 0.74%52 Somany Ceramics Limited Construction 353,461 1,292.78 0.72%53 Cera Sanitaryware Limited Construction 72,463 1,267.70 0.70%

54 Monsanto India Limited Pesticides 48,677 1,087.05 0.60%55 Max India Limited Finance 1,033,069 891.95 0.50%

56 Coffee Day Enterprises Limited Consumer Non Durables 227,703 599.54 0.33%

57 Alembic Pharmaceuticals Limited Pharmaceuticals 81,647 504.13 0.28%


Total 169,803.47 94.38%

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

59 Blue Dart Express Limited ICRA AA 357,413 36.37 0.02%Total 36.37 0.02%



Total 10,069.25 5.59%

Cash & Cash EquivalentCash Margin 336.10 0.04%Net Receivables/Payables (250.44) -0.03%Total 85.66 0.01%GRAND TOTAL 179,994.75 100.00%

Sectoral Allocation

TExTILE PRODUCTS 10.59%INDUSTRIAL PRODUCTS 9.78%CONSTRUCTION PROjECT 9.38%BANKS 8.47%FINANCE 7.27%PHARMACEUTICALS 7.01%GAS 5.13%CONSUMER NON DURABLES 3.89%INDUSTRIAL CAPITAL GOODS 3.87%PETROLEUM PRODUCTS 3.27%AUTO 3.09%PESTICIDES 3.09%CHEMICALS 2.71%

CONSTRUCTION 2.61%TRANSPORTATION 2.38%CEMENT 2.27%CONSUMER DURABLES 2.13%HEALTHCARE SERvICES 1.80%SOFTWARE 1.54%FERTILISERS 1.51%FERROUS METALS 1.01%POWER 0.80%AUTO ANCILLARIES 0.78%CASH & EQUIvALENT 5.60%

Notes: 1. Classificationof%ofholdingsbasedonMarketCapitalisation:Large-Cap21.47%,Mid-Cap 27.62%, Small-Cap 22.35%, Micro-Cap 22.30% 2. Weighted Average Expense Ratio : RP: 2.48% DP: 1.71% 3. Portfolio Turnover Ratio (Last 12 months): 0.70 3 Year Risk Statistics: 1. Standard Deviation: 21.01% 2. Beta: 1.09 3. R-Squared: 91.64% 4. Sharpe Ratio:0.70


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 & foreign securities: 0% - 25%; 2. Debt and Money Market Securities: 0% - 10%.

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

FEATURES





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

INCEPTION DATENov 14, 2006






DSP BlackRock Small and Mid Cap Fund

PortfolioPortfolio

13

PortfolioSr. No.


% to Net Assets


1 HDFC Bank Limited Banks 856,375 8,990.65 8.40%2 Tata Motors Limited Auto 2,234,282 7,148.98 6.67%3 IndusInd Bank Limited Banks 640,475 5,948.73 5.55%4 Infosys Limited Software 506,105 5,895.62 5.51%5 Reliance Industries Limited Petroleum Products 521,898 5,403.73 5.05%


7 Maruti Suzuki India Limited Auto 115,988 4,750.69 4.44%


9 ICICI Bank Limited Banks 1,374,864 3,164.25 2.95%


11 Bajaj Finance Limited Finance 42,258 2,505.22 2.34%12 Supreme Industries Limited Industrial Products 309,342 2,291.45 2.14%13 UltraTech Cement Limited Cement 78,675 2,234.45 2.09%14 IPCA Laboratories Limited Pharmaceuticals 322,164 2,155.12 2.01%15 Tech Mahindra Limited Software 420,442 2,108.10 1.97%16 HCL Technologies Limited Software 212,881 1,843.02 1.72%17 SRF Limited Textile Products 155,211 1,810.61 1.69%18 Atul Limited Chemicals 121,651 1,766.98 1.65%


20 Wockhardt Limited Pharmaceuticals 131,953 1,680.36 1.57%21 Coal India Limited Minerals/Mining 518,568 1,659.16 1.55%22 Gujarat Gas Limited Gas 274,625 1,571.68 1.47%


24 Kajaria Ceramics Limited Construction 151,363 1,474.96 1.38%25 Mayur Uniquoters Ltd Textile Products 305,892 1,430.50 1.34%26 Bank of Baroda Banks 1,071,863 1,344.12 1.26%27 Lupin Limited Pharmaceuticals 77,459 1,325.13 1.24%28 Eicher Motors Limited Auto 7,975 1,319.59 1.23%29 Arvind Limited Textile Products 402,229 1,312.27 1.23%30 State Bank of India Banks 711,688 1,280.33 1.20%31 Somany Ceramics Limited Construction 349,121 1,276.91 1.19%32 Solar Industries India Limited Chemicals 41,084 1,266.11 1.18%


34 Ashok Leyland Limited Auto 1,249,358 1,119.42 1.05%

35 Ahluwalia Contracts (India) Limited Construction 405,375 1,101.20 1.03%

36 Techno Electric & Engineering Company Limited Construction Project 225,000 1,099.12 1.03%

37 Shree Cements Limited Cement 9,889 1,043.26 0.97%38 Finolex Cables Limited Industrial Products 437,156 1,014.64 0.95%39 Cummins India Limited Industrial Products 109,545 1,011.76 0.94%

40 Procter & Gamble Hygiene and Health Care Limited Consumer Non Durables 16,458 914.27 0.85%

41 United Spirits Limited Consumer Non Durables 35,776 890.27 0.83%42 Tata Steel Limited Ferrous Metals 288,534 720.47 0.67%43 Vinati Organics Limited Chemicals 147,155 609.81 0.57%44 CRISIL Limited Finance 32,888 604.88 0.56%45 Blue Dart Express Limited Transportation 9,523 598.88 0.56%46 Repco Home Finance Limited Finance 89,322 574.43 0.54%

47 Tube Investments of India Limited Auto Ancillaries 136,386 566.75 0.53%

48 Motherson Sumi Systems Limited Auto Ancillaries 195,256 519.67 0.49%

49 Gujarat Pipavav Port Limited Transportation 311,434 501.72 0.47%

50 HeidelbergCement India Limited Cement 663,706 465.26 0.43%

51 Wim Plast Ltd. Industrial Products 21,608 407.26 0.38%52 MBL Infrastructures Limited Construction 205,098 334.00 0.31%53 Petronet LNG Limited Gas 124,418 305.57 0.29%

54 Max India Limited Finance 311,599 269.03 0.25%


Total 105,552.96 98.59%


56 Blue Dart Express Limited ICRA AA 101,626 10.34 0.01%Total 10.34 0.01%



Total 1,773.99 1.66%

Cash & Cash EquivalentNet Receivables/Payables (242.86) -0.26%Total (242.86) -0.26%GRAND TOTAL 107,094.43 100.00%

Sectoral Allocation

BANKS 19.36%AUTO 13.39%PETROLEUM PRODUCTS 12.77%PHARMACEUTICALS 9.48%SOFTWARE 9.20%FINANCE 4.78%INDUSTRIAL PRODUCTS 4.41%TExTILE PRODUCTS 4.26%CONSTRUCTION 3.91%CEMENT 3.49%

CHEMICALS 3.40%GAS 3.16%CONSUMER NON DURABLES 1.68%MINERALS/MINING 1.55%CONSTRUCTION PROjECT 1.03%TRANSPORTATION 1.03%AUTO ANCILLARIES 1.02%FERROUS METALS 0.67%CASH & EQUIvALENT 1.40%

Note: 1. Weighted Average Expense Ratio : RP: 2.77% DP: 2.05% 2. Portfolio Turnover Ratio (Last 12 months): 1.13. 3 Year Risk Statistics: 1. Standard Deviation: 15.01% 2. Beta: 0.98 3. R-Squared: 93.87% 4. Sharpe Ratio: 0.68


DSP BlackRock Tax Saver Fund

Portfolio

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.


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

FEATURES

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

INCEPTION DATEJan 18, 2007






14

Sr. No.


% to Net Assets


1 K.P.R. Mill Limited Textile Products 1,185,200 8,688.70 3.90%2 SRF Limited Textile Products 675,233 7,876.93 3.53%

3 Navin Fluorine International Limited Chemicals 446,712 7,854.09 3.52%

4 Aarti Industries Limited Chemicals 1,406,788 6,931.24 3.11%

5 8K Miles Software Services Limited Software 303,529 6,746.08 3.03%

6 Indoco Remedies Limited Pharmaceuticals 2,063,658 6,674.90 2.99%7 Capital First Limited Finance 1,631,397 6,389.37 2.87%8 Atul Limited Chemicals 437,855 6,359.84 2.85%9 Sharda Cropchem Limited Pesticides 2,686,503 6,082.24 2.73%

10 Repco Home Finance Limited Finance 886,761 5,702.76 2.56%

11 NIIT Technologies Limited Software 1,033,179 5,700.05 2.56%12 APL Apollo Tubes Limited Ferrous Metals 832,839 5,655.39 2.54%

13 Eveready Industries India Limited Consumer Non Durables 2,263,664 5,648.97 2.53%

14 Finolex Cables Limited Industrial Products 2,400,727 5,572.09 2.50%

15 Solar Industries India Limited Chemicals 164,230 5,061.16 2.27%

16 DCB Bank Limited Banks 6,177,751 4,837.18 2.17%17 Finolex Industries Limited Industrial Products 1,506,185 4,788.16 2.15%18 Symphony Limited Consumer Durables 212,264 4,687.74 2.10%19 Mayur Uniquoters Ltd Textile Products 990,789 4,633.42 2.08%20 Siti Cable Network Limited Media & Entertainment 11,754,575 4,284.54 1.92%21 IPCA Laboratories Limited Pharmaceuticals 634,434 4,244.05 1.90%22 Somany Ceramics Limited Construction 1,109,784 4,059.03 1.82%

23 Chambal Fertilizers & Chemicals Limited Fertilisers 6,599,566 3,814.55 1.71%

24 Astral Poly Technik Limited Industrial Products 881,118 3,724.05 1.67%

25 Kalpataru Power Transmission Limited Power 1,796,338 3,545.97 1.59%

26 Welspun Corp Limited Ferrous Metals 3,537,494 3,530.42 1.58%

27 Manappuram Finance Limited Finance 12,145,551 3,473.63 1.56%

28 IFB Industries Limited Consumer Durables 799,919 3,288.07 1.47%29 CEAT Limited Auto Ancillaries 331,948 3,122.14 1.40%30 Aarti Drugs Limited Pharmaceuticals 572,176 3,012.51 1.35%

31 Ratnamani Metals & Tubes Limited Ferrous Metals 589,495 2,936.27 1.32%

32 JK Lakshmi Cement Limited Cement 973,346 2,936.10 1.32%33 Fiem Industries Limited Auto Ancillaries 373,566 2,761.03 1.24%34 WABCO India Limited Auto Ancillaries 48,759 2,748.79 1.23%35 Swaraj Engines Limited Industrial Products 323,300 2,747.89 1.23%36 Essel Propack Limited Industrial Products 1,670,153 2,701.47 1.21%37 Kennametal India Ltd. Industrial Capital Goods 359,184 2,646.29 1.19%38 Skipper Limited Industrial Capital Goods 1,553,372 2,636.85 1.18%39 Siyaram Silk Mills Limited Textile Products 233,611 2,557.69 1.15%40 Majesco Limited Software 412,804 2,498.91 1.12%41 Excel Crop Care Limited Pesticides 211,367 2,353.99 1.06%42 Cera Sanitaryware Limited Construction 133,426 2,334.22 1.05%

43 Maharashtra Seamless Limited Ferrous Metals 1,381,879 2,036.89 0.91%

44 Kewal Kiran Clothing Limited Textile Products 97,253 2,011.63 0.90%

45 NRB Bearing Limited Industrial Products 1,678,629 1,989.18 0.89%46 Triveni Turbine Limited Industrial Capital Goods 1,983,616 1,980.64 0.89%47 Ashiana Housing Limited Construction 1,267,744 1,874.36 0.84%48 KSB Pumps Limited Industrial Products 333,893 1,847.76 0.83%49 MBL Infrastructures Limited Construction 1,027,202 1,672.80 0.75%50 Disa India Ltd. Industrial Products 36,763 1,665.00 0.75%51 Suprajit Engineering Limited Auto Ancillaries 1,036,718 1,479.91 0.66%

52Techno Electric & Engineering Company Limited

Construction Project 285,833 1,396.29 0.63%

53 KNR Constructions Limited Construction 277,252 1,371.01 0.61%

54 J.Kumar Infraprojects Limited Construction 372,064 1,349.10 0.60%

55 Kirloskar Ferrous Industries Ltd. Ferrous Metals 2,510,804 1,154.97 0.52%

56 Automobile Corporation of Goa Ltd. Auto 167,670 804.82 0.36%

57 Sun Pharma Advanced Research Company Limited Pharmaceuticals 199,712 624.50 0.28%

58 Career Point Limited DiversifiedConsumerServices 284,144 325.49 0.15%

59 Omkar Speciality Chemicals Limited Chemicals 39,502 76.73 0.03%

Total 211,509.85 94.86%



Total 11,493.43 5.15%


Note: 1. Weighted Average Expense Ratio : RP: 2.59% DP: 1.83% 2. Classificationof%ofholdings based on Market Capitalisation: Large-Cap 0.00%, Mid-Cap 5.24%, Small-Cap 22.69%, Micro-Cap 66.94%. 3. Portfolio Turnover Ratio (Last 12 months): 0.16 3 Year Risk Statistics: 1. Standard Deviation: 18.97% 2. Beta: 0.81 3. R-Squared: 84.91% 4. Sharpe Ratio: 1.40

Sectoral AllocationCHEMICALS 11.78%TExTILE PRODUCTS 11.56%INDUSTRIAL PRODUCTS 11.23%FINANCE 6.99%FERROUS METALS 6.87%SOFTWARE 6.71%PHARMACEUTICALS 6.52%CONSTRUCTION 5.67%AUTO ANCILLARIES 4.53%PESTICIDES 3.79%CONSUMER DURABLES 3.57%

INDUSTRIAL CAPITAL GOODS 3.26%CONSUMER NON DURABLES 2.53%BANKS 2.17%MEDIA & ENTERTAINMENT 1.92%FERTILISERS 1.71%POWER 1.59%CEMENT 1.32%CONSTRUCTION PROjECT 0.63%AUTO 0.36%DIvERSIFIED CONSUMER SERvICES 0.15%CASH & EQUIvALENT 5.14%


NAv AS ON january 29, 2016$


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.


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

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


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

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

INCEPTION DATEJun 14, 2007

FEATURES


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


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



DSP BlackRock Micro Cap Fund

PortfolioPortfolio

15

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

CEMENT 5.80%CONSUMER DURABLES 5.60%INDUSTRIAL PRODUCTS 4.24%CONSUMER NON DURABLES 2.73%TExTILE PRODUCTS 1.01%GAS 0.95%CASH & EQUIvALENT 2.21%

AUTO 22.55%BANKS 17.07%PETROLEUM PRODUCTS 9.82%TRANSPORTATION 7.67%SOFTWARE 7.20%FINANCE 7.10%PHARMACEUTICALS 6.05%

Sr. No.


% to Net Assets


1 HDFC Bank Limited Banks 990,897 10,402.93 9.12%2 IndusInd Bank Limited Banks 975,889 9,064.06 7.95%3 Maruti Suzuki India Limited Auto 201,882 8,268.78 7.25%4 Reliance Industries Limited Petroleum Products 657,648 6,809.29 5.97%


6 Max Financial Services Limited Finance 1,751,294 6,404.48 5.62%

7 Havells India Limited Consumer Durables 2,151,063 6,382.20 5.60%8 Infosys Limited Software 488,156 5,686.53 4.99%9 Tata Motors Limited Auto 1,530,429 5,156.02 4.52%10 Ashok Leyland Limited Auto 5,625,843 5,040.76 4.42%11 Cummins India Limited Industrial Products 523,027 4,830.68 4.24%12 Interglobe Aviation Limited Transportation 541,184 4,733.74 4.15%13 Eicher Motors Limited Auto 28,393 4,698.08 4.12%


15 UltraTech Cement Limited Cement 137,872 3,915.70 3.43%16 Britannia Industries Limited Consumer Non Durables 115,772 3,113.63 2.73%17 Shree Cements Limited Cement 25,673 2,708.44 2.37%18 Hero MotoCorp Limited Auto 99,703 2,558.03 2.24%


20 Gujarat Pipavav Port Limited Transportation 1,512,771 2,437.07 2.14%

21 Adani Ports and Special Economic Zone Limited Transportation 743,448 1,577.97 1.38%

22 Max India Limited Finance 1,751,294 1,512.07 1.33%23 SRF Limited Textile Products 98,819 1,152.77 1.01%

24 Gujarat State Petronet Limited Gas 779,189 1,082.29 0.95%


26 Cadila Healthcare Limited Pharmaceuticals 48,180 146.56 0.13%Total 111,513.55 97.79%



Total 2,998.33 2.63%





Note: 1. Weighted Average Expense Ratio : RP: 2.74% DP: 1.86% 2. Portfolio Turnover Ratio (Last 12 months): 0.62 3 Year Risk Statistics: 1. Standard Deviation: 15.79% 2. Beta: 1.03 3. R-Squared: 87.38% 4. Sharpe Ratio: 0.37


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, GDRs and foreign securities – 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





DSP BlackRock Focus 25 Fund

16

DSP BlackRock Natural Resources and New Energy Fund

Sectoral Allocation

GAS 30.49%PETROLEUM PRODUCTS 26.72%NON - FERROUS METALS 18.19%MINERALS/MINING 6.99%

FERROUS METALS 6.53%OIL 6.49%CHEMICALS 0.96%CASH & EQUIvALENT 3.63%

Sr. No.


% to Net Assets


1 Gujarat State Petronet Limited Gas 339,443 471.49 9.60%

2 Hindustan Zinc Limited Non - Ferrous Metals 291,098 468.67 9.54%

3 MangaloreRefineryandPetrochemicals Limited Petroleum Products 634,295 413.88 8.43%

4 Reliance Industries Limited Petroleum Products 38,642 400.10 8.15%5 Coal India Limited Minerals/Mining 107,298 343.30 6.99%6 GAIL (India) Limited Gas 91,615 337.69 6.88%7 Tata Steel Limited Ferrous Metals 128,499 320.86 6.53%8 Hindalco Industries Limited Non - Ferrous Metals 424,485 299.26 6.09%9 Indraprastha Gas Limited Gas 45,840 256.64 5.23%

10 Hindustan Petroleum Corporation Limited Petroleum Products 30,730 250.74 5.11%

11 Bharat Petroleum Corporation Limited Petroleum Products 27,637 246.84 5.03%

12 Petronet LNG Limited Gas 96,630 237.32 4.83%13 Gujarat Gas Limited Gas 33,849 193.72 3.95%14 Cairn India Limited Oil 139,724 170.67 3.48%15 Oil India Limited Oil 42,108 148.03 3.01%

16 National Aluminium Company Limited Non - Ferrous Metals 364,412 125.72 2.56%

17 Phillips Carbon Black Limited Chemicals 44,299 47.38 0.96%Total 4,732.31 96.37%



Total 224.87 4.58%





Notes: 1. Weighted Average Expense Ratio : RP: 3.13% DP: 2.44% 2. Portfolio Turnover Ratio (Last 12 months): 1.14 3 Year Risk Statistics: 1. Standard Deviation: 19.14% 2. Beta: 0.82 3. R-Squared: 38.91% 4. Sharpe Ratio: 0.19


FEATURES


1,000/- & any amount thereafter •Entryload:NotApplicable•Exitload:

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

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

PortfolioPortfolio

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/or the units/shares of BlackRock Global Funds – New Energy Fund, BlackRock Global Funds – World Energy Fund and similar other overseas mutual fund schemes.

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


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


INCEPTION DATEApr 25, 2008



17

DSP BlackRock World Gold Fund

DSP BlackRock World Mining Fund

Notes: 1. ^^Fund domiciled in Luxembourg 2. Weighted Average Expense Ratio : RP: 1.83% DP: 1.38%

Sr. No.


% to Net Assets



Total 1,024.41 5.26%

OTHERSForeign Securities

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

1,306,300 18,451.16 94.82%

Total 18,451.16 94.82%


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 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 significantpartofitscorpus.

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



Sr. No.


% to Net Assets

MONEY MARKET INSTRUMENTS1 CBLO / Reverse Repo Investments 99.94 12.55%

Total 99.94 12.55%


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

49,619 669.87 84.10%

Total 669.87 84.10%

Cash & Cash EquivalentNet Receivables/Payables 26.67 3.35%Total 26.67 3.35%GRAND TOTAL 796.48 100.00%

INvESTMENT OBjECTIvEThe primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in the units of BlackRock Global Funds – World Mining Fund (BGF-WMF). 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 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.


Portfolio




FEATURES



- Reinvest Dividend


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

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

2. Money market securities and/or units of money market/liquid schemes of DSP BlackRock Mutual Fund: 0% to 10%.#In the shares of BGF-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




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

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

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

INCEPTION DATEDec 29, 2009

TOTAL AUM AS ON jANUARY 31, 20167.96 Cr.


18



Sr. No.


% to Net Assets


Total 172.90 8.11%


2 BlackRock Global Funds - World Energy Fund (Class I2 USD Shares)^^ 144,796 1,481.08 69.46%

3 BlackRock Global Funds - New Energy Fund (Class I2 USD Shares)^^ 90,922 459.76 21.56%

Total 1,940.84 91.02%

Cash & Cash EquivalentNet Receivables/Payables 18.67 0.87%Total 18.67 0.87%GRAND TOTAL 2,132.41 100.00%

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,whichmay constitute a significant part of itscorpus. The Scheme may also invest a certain portion of its corpus in money market securities and/or money market liquid Schemes of DSPBRMF, in order to meet liquidity requirements from time to time.




FEATURES



- Reinvest Dividend

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


Portfolio

DSP BlackRock World Energy Fund

Portfolio

DSP BlackRock World Agriculture Fund


Sr. No.


% to Net Assets


Total 24.99 1.05%


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

313,695 2,348.50 98.74%

Total 2,348.50 98.74%


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




FEATURES



- Reinvest Dividend





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



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



19

Sr. No.


% to Net Assets


Total 424.76 3.61%


2 BlackRock Global Funds - US Flexible Equity Fund (Class I2 USD Shares)^^ 1,131,362 11,334.36 96.45%

Total 11,334.36 96.45%


*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. Weighted Average Expense Ratio : RP: 2.08% DP: 1.38%





FEATURES


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

- Reinvest Dividend



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

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

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

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

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

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

INCEPTION DATEAugust 03, 2012



DSP BlackRock US Flexible* Equity Fund

Portfolio

20

Sr. No.

Name of Instrument Rating/Industry Quantity Market value

( In lakhs)

% to Net Assets


Total 99.94 2.24%


2 BlackRock Global Funds - Global Allocation Fund (Class I2 USD Shares)^^ 129,571 4,333.09 97.19%

Total 4,333.09 97.19%




NAv AS ON january 29, 2016$Notes : 1. ^^Fund domiciled in Luxembourg 2. Weighted Average Expense Ratio (Since inception till date): RP: 2.12% DP: 1.86%

FEATURES


1,000/- & multiple of 1 thereafter

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



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

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

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

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

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

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

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

INCEPTION DATEAug 21, 2014



DSP BlackRock Global Allocation Fund

PortfolioPortfolio

21

Sr. No.

Name of Instrument Rating/Industry Quantity Market value

( In lakhs)

% to Net Assets

MONEY MARKET INSTRUMENTS1 CBLO / Reverse Repo Investments 1,788.98 1.72%

Total 1,788.98 1.72%

Mutual Funds

2 DSP BlackRock Strategic Bond Fund- Direct - Growth 1,947,911 34,367.51 33.10%

3 DSP BlackRock Short Term Fund- Direct - Growth 109,787,297 28,343.57 27.30%

4 DSP BlackRock Equity Fund - Direct - Growth 77,161,864 19,891.56 19.16%

5 DSP BlackRock Top100 Equity Fund- Direct - Growth 13,547,245 19,757.84 19.03%

Total 102,360.48 98.59%





FEATURES


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

- Reinvest Dividend



#as on January 29, 2016

Note: Weighted Average Expense Ratio : RP: 2.06% DP: 1.05%

Model recommended asset allocation#: Equity: 40%, Fixed Income: 60%

Levels of Yield Gap /Modified Yield Gap# Reference Yield Gap: 1.550

ReferenceModifiedYieldGap: 1.449

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.


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

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

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

2. Units of DSP BlackRock Strategic Bond Fund and/or DSP BlackRock Short Term Fund and/or other 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



DSP BlackRock Dynamic Asset Allocation Fund

Portfolio

22

Sr. No.


% to Net Assets


1 HDFC Bank Limited Banks 605,953 6,361.60 6.64%2 Kotak Mahindra Bank Limited Banks 708,162 4,841.00 5.05%3 Tata Motors Limited Auto 1,060,665 3,573.38 3.73%4 SRF Limited Textile Products 268,655 3,133.99 3.27%5 Infosys Limited Software 267,926 3,121.07 3.26%


7 IndusInd Bank Limited Banks 306,871 2,850.22 2.97%8 Britannia Industries Limited Consumer Non Durables 94,587 2,543.87 2.65%9 UltraTech Cement Limited Cement 87,795 2,493.47 2.60%


11 ICICI Bank Limited Banks 884,184 2,034.95 2.12%

12 Motherson Sumi Systems Limited Auto Ancillaries 733,923 1,953.34 2.04%

13 Tech Mahindra Limited Software 353,874 1,774.32 1.85%14 Bharat Electronics Limited Industrial Capital Goods 136,058 1,675.62 1.75%15 LIC Housing Finance Limited Finance 348,227 1,657.21 1.73%16 IPCA Laboratories Limited Pharmaceuticals 239,873 1,604.63 1.67%


18 Wockhardt Limited Pharmaceuticals 115,959 1,476.68 1.54%19 Finolex Cables Limited Industrial Products 633,896 1,471.27 1.53%20 Cadila Healthcare Limited Pharmaceuticals 476,922 1,450.80 1.51%21 Maruti Suzuki India Limited Auto 28,493 1,167.03 1.22%22 Finolex Industries Limited Industrial Products 361,769 1,150.06 1.20%23 Eicher Motors Limited Auto 6,644 1,099.36 1.15%24 Bosch Limited Auto Ancillaries 6,188 1,082.65 1.13%25 Gujarat State Petronet Limited Gas 731,688 1,016.31 1.06%

26 Sarla Performance Fibers Limited Textiles - Synthetic 1,637,071 1,012.53 1.06%

27 Bayer Cropscience Limited Pesticides 28,020 947.54 0.99%28 Gujarat Gas Limited Gas 165,402 946.60 0.99%


30 Credit Analysis And Research Limited Finance 75,299 911.19 0.95%

31 Hindalco Industries Limited Non - Ferrous Metals 1,225,982 864.32 0.90%

32 Coromandel International Limited Fertilisers 503,018 850.85 0.89%

33 Larsen & Toubro Limited Construction Project 71,675 789.61 0.82%34 Sharda Cropchem Limited Pesticides 341,485 773.12 0.81%35 Monsanto India Limited Pesticides 33,735 753.37 0.79%36 Mayur Uniquoters Ltd Textile Products 158,845 742.84 0.78%37 MindTree Limited Software 47,020 692.16 0.72%

38 Oil & Natural Gas Corporation Limited Oil 272,297 616.07 0.64%

39 Crompton Greaves Limited Industrial Capital Goods 315,108 540.25 0.56%

40 Glenmark Pharmaceuticals Limited Pharmaceuticals 56,433 435.30 0.45%

41 Dr. Reddy's Laboratories Limited Pharmaceuticals 13,670 424.51 0.44%

42 Prestige Estates Projects Limited Construction 211,279 391.71 0.41%

43 Phillips Carbon Black Limited Chemicals 340,044 363.68 0.38%Total 69,352.69 72.35%

Unlisted

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

Total - 0.00%


45 Punjab National Bank CRISIL AAA 250 2,477.50 2.58%46 Piramal Enterprises Limited ICRA AA 194 1,936.39 2.02%

47 Petronet LNG Limited ICRA AA+ 150 1,506.60 1.57%

48 RuralElectrificationCorporation Limited CRISIL AAA 138 1,413.47 1.48%

49 Dalmia Cement (Bharat) Limited ICRA AA- 130 1,301.44 1.36%

50 NTPC Limited CRISIL AAA 100 1,050.81 1.10%51 IDFC Bank Limited ICRA AAA 105 1,046.56 1.09%

52 Infrastructure Leasing & Financial Services Ltd ICRA AAA 100,000 995.30 1.04%

53 Power Finance Corporation Limited CRISIL AAA 100 1,007.85 1.04%

54 Housing Development Finance Corporation Limited CRISIL AAA 190 947.55 0.99%

55 National Bank for Agriculture and Rural Development CRISIL AAA 50 504.37 0.53%

56 GAIL (India) Limited CARE AAA 50 498.62 0.52%57 Bajaj Finance Limited ICRA AA+ 27 269.94 0.28%

58 JM Financial Credit Solutions Limited ICRA AA 23 228.95 0.24%

Total 15,185.35 15.84%

CENTRAL GOvERNMENT SECURITIES

59 8.28% GOI 21092027 SOV 2,500,000 2,555.50 2.67%60 8.15% GOI 24112026 SOV 1,700,000 1,727.20 1.80%61 7.35% GOI 22062024 SOV 1,000,000 973.30 1.02%62 7.88% GOI 19032030 SOV 471,700 468.30 0.49%

Total 5,724.30 5.98%

MONEY MARKET INSTRUMENTSCommercial Paper

63 Deutsche Investments India Private Limited CRISIL A1+ 300 1,413.11 1.47%

Total 1,413.11 1.47%


Total 3,188.20 3.33%

Cash & Cash EquivalentCash Margin 1.60 *Net Receivables/Payables 983.41 1.03%Total 985.01 1.03%GRAND TOTAL 95,848.66 100.00%

Sectoral Allocation

BANKS 16.78%PHARMACEUTICALS 8.11%AUTO 6.10%SOFTWARE 5.83%TExTILE PRODUCTS 4.05%PETROLEUM PRODUCTS 4.02%AUTO ANCILLARIES 3.17%INDUSTRIAL PRODUCTS 2.73%FINANCE 2.68%CONSUMER NON DURABLES 2.65%CEMENT 2.60%PESTICIDES 2.59%

INDUSTRIAL CAPITAL GOODS 2.31%GAS 2.05%TRANSPORTATION 1.58%TExTILES - SYNTHETIC 1.06%NON - FERROUS METALS 0.90%FERTILISERS 0.89%CONSTRUCTION PROjECT 0.82%OIL 0.64%CONSTRUCTION 0.41%CHEMICALS 0.38%CASH & EQUIvALENT 4.36%

Notes : 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND. 2. Weighted Average Expense Ratio : RP: 2.79% DP: 1.91% 3. Portfolio Turnover Ratio (Last 12 months - Equity Securities): 1.44. 4. * Less than 0.01% 3 Year Risk Statistics: 1. Standard Deviation: 12.59% 2. Beta: 1.17 3. R-Squared: 82.57% 4. Sharpe Ratio: 0.50

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

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

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

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

REDEMPTION PROCEEDSNormally within 3 Business Days from acceptance of redemption request

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

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

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%~ Holding period: >= 12 months: Nil






MODIFIED DURATION@

3.35 years


PORTFOLIO YTM@

8.37%

AvERAGE MATURITY@

4.94 years

DSP BlackRock Balanced Fund

PortfolioPortfolio

%The exit load of the Scheme has been changed on prospective basis for investments made on or after january 20, 2016. Investors are requested to read the relevant notice and addenda to the SID and KIM available at www.dspblackrock.com for further details.

~If the units redeemed or switched out are upto 10% of the units (the limit) purchased or switched: Nil.

23

Sr. No.


% to Net Assets


1 Max Financial Services Limited Finance 214,175 783.24 1.95%2 HDFC Bank Limited Banks 74,046 777.37 1.93%3 Maruti Suzuki India Limited Auto 17,266 707.19 1.76%4 IndusInd Bank Limited Banks 68,029 631.85 1.57%


6 Sun Pharmaceuticals Industries Limited Pharmaceuticals 55,398 483.60 1.20%

7 Sarla Performance Fibers Limited Textiles - Synthetic 700,000 432.95 1.08%

8 Cadila Healthcare Limited Pharmaceuticals 142,105 432.28 1.07%9 ICICI Bank Limited Banks 177,040 407.46 1.01%10 Tech Mahindra Limited Software 75,170 376.90 0.94%11 IPCA Laboratories Limited Pharmaceuticals 54,017 361.35 0.90%12 Divi's Laboratories Limited Pharmaceuticals 30,908 352.64 0.88%

13 Gujarat State Petronet Limited Gas 209,035 290.35 0.72%

14 UltraTech Cement Limited Cement 10,208 289.92 0.72%15 Axis Bank Limited Banks 59,043 241.13 0.60%

16 Container Corporation of India Limited Transportation 20,140 239.03 0.59%

17 Hero MotoCorp Limited Auto 9,245 237.19 0.59%18 Tata Motors Limited Auto 62,940 212.04 0.53%19 Max India Limited Finance 214,175 184.92 0.46%20 Finolex Industries Limited Industrial Products 48,084 152.86 0.38%

21 Credit Analysis And Research Limited Finance 10,974 132.80 0.33%

22 Infosys Limited Software 11,130 129.65 0.32%

23 Glenmark Pharmaceuticals Limited Pharmaceuticals 12,240 94.41 0.23%

24 Finolex Cables Limited Industrial Products 39,459 91.58 0.23%

25 Astra Microwave Products Limited

Telecom - Equipment & Accessories 61,881 78.50 0.20%

26 Castrol India Limited Petroleum Products 12,592 52.91 0.13%


28 Bharat Petroleum Corporation Limited Petroleum Products 2,319 20.71 0.05%

Total 8,719.91 21.67%

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

29 Tata Steel Limited CARE AA+ 250 2,899.60 7.21%30 Piramal Enterprises Limited ICRA AA 250 2,495.35 6.20%31 Punjab National Bank CRISIL AAA 250 2,477.50 6.16%

32 Fullerton India Credit Company Ltd ICRA AA+ 400 2,014.75 5.01%

33 JM Financial Credit Solutions Limited ICRA AA 167 1,662.41 4.13%

34 LIC Housing Finance Limited CRISIL AAA 103 1,035.87 2.57%35 Export-Import Bank of India CRISIL AAA 100 1,028.74 2.56%

36 RuralElectrificationCorporation Limited CRISIL AAA 100 1,013.36 2.52%

37 Hindustan Organic Chemicals Limited ICRA AAA(SO) 60 608.00 1.51%

38 IDFC Bank Limited ICRA AAA 45 448.58 1.11%

39 Shriram Transport Finance Company Limited CRISIL AA+ 40,000 401.44 1.00%

40 NTPC Limited CRISIL AAA 1,736,927 220.01 0.55%

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

41 Housing Development Finance Corporation Limited CRISIL AAA 7 69.93 0.17%

42 Blue Dart Express Limited ICRA AA 687,134 69.30 0.17%Total 16,444.84 40.87%


43 8.15% GOI 24112026 SOV 3,500,000 3,556.00 8.84%44 8.28% GOI 21092027 SOV 3,000,000 3,066.60 7.62%45 8.83% GOI 25112023 SOV 2,500,000 2,631.25 6.54%46 7.88% GOI 19032030 SOV 1,500,000 1,489.20 3.70%

Total 10,743.05 26.70%

MONEY MARKET INSTRUMENTSCommercial Paper

47 Deutsche Investments India Private Limited CRISIL A1+ 500 2,355.18 5.85%

Total 2,355.18 5.85%


Total 984.44 2.45%


Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND. 2. Weighted Average Expense Ratio : RP: 2.75% DP: 1.85%




@Computed on the invested amount for debt 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

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

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

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


FEATURES




MODIFIED DURATION@

3.88 years


PORTFOLIO YTM@

8.62%

AvERAGE MATURITY@

5.69 years

DSP BlackRock MIP Fund#

Portfolio

Sectoral Allocation

BANKS 5.11%PHARMACEUTICALS 4.28%AUTO 2.88%FINANCE 2.79%PETROLEUM PRODUCTS 1.43%SOFTWARE 1.26%TExTILES - SYNTHETIC 1.08%GAS 0.72%

CEMENT 0.72%INDUSTRIAL PRODUCTS 0.61%TRANSPORTATION 0.59%TELECOM - EQUIPMENT & ACCESSORIES 0.20%CASH & EQUIvALENT 4.91%

%The exit load of the Scheme has been changed on prospective basis for investments made on or after january 20, 2016. Investors are requested to read the relevant notice and addenda to the SID and KIM available at www.dspblackrock.com for further details.

~If the units redeemed or switched out are upto 10% of the units (the limit) purchased or switched: Nil.

24

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

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

ASSET ALLOCATIONMoney market securities and/or Debt securities* with maturity of 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

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


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

•Entryload:NotApplicable•Exitload:Nil


MODIFIED DURATION0.08 years


PORTFOLIO YTM7.56%

AvERAGE MATURITY0.09 years

Sr. No.


% to Net Assets

MONEY MARKET INSTRUMENTSCertificate of Deposit

1 Corporation Bank CRISIL A1+ 56,000 55,788.80 8.40%2 Canara Bank CRISIL A1+ 27,000 26,798.10 4.05%3 IDBI Bank Limited CRISIL A1+ 22,500 22,387.99 3.36%4 The South Indian Bank Limited CARE A1+ 20,000 19,874.80 2.99%5 IDFC Bank Limited ICRA A1+ 18,000 17,834.67 2.69%6 Punjab & Sind Bank ICRA A1+ 15,000 14,970.60 2.26%7 HDFC Bank Limited CARE A1+ 15,000 14,862.62 2.24%8 State Bank of Bikaner and Jaipur CRISIL A1+ 14,300 14,220.41 2.14%9 Rabobank International CRISIL A1+ 10,000 9,996.01 1.51%10 ICICI Bank Limited ICRA A1+ 10,000 9,944.97 1.50%11 HDFC Bank Limited CRISIL A1+ 7,500 7,453.66 1.12%12 Yes Bank Limited ICRA A1+ 5,000 4,982.92 0.75%13 IndusInd Bank Limited CRISIL A1+ 2,500 2,491.87 0.38%14 Oriental Bank of Commerce CRISIL A1+ 2,500 2,488.03 0.37%15 Allahabad Bank ICRA A1+ 2,500 2,481.13 0.37%16 Andhra Bank CARE A1+ 2,050 2,041.90 0.31%17 Axis Bank Limited CRISIL A1+ 1,650 1,638.40 0.25%

Total 230,256.88 34.69%

Commercial Paper18 Export-Import Bank of India CRISIL A1+ 9,000 44,751.05 6.74%

19 Housing Development Finance Corporation Limited ICRA A1+ 8,400 41,809.44 6.30%

20 National Bank for Agriculture and Rural Development CRISIL A1+ 7,500 37,326.65 5.62%

21 Chennai Petroleum Corporation Limited ICRA A1+ 7,000 34,788.78 5.24%

22 Adani Enterprises Limited BWR A1+ 5,000 24,796.81 3.74%23 Reliance Jio Infocomm Limited CARE A1+ 5,000 24,735.08 3.73%24 India Infoline Finance Limited ICRA A1+ 4,000 19,926.48 3.00%

25 ONGC Mangalore Petrochemicals Limited ICRA A1+ 4,000 19,766.02 2.98%

26 IL&FS Transportation Networks Limited CARE A1 4,000 19,826.77 2.98%

27 RuralElectrificationCorporationLimited CARE A1+ 3,000 14,927.52 2.25%

28 Reliance Capital Limited CRISIL A1+ 3,000 14,862.66 2.24%

29 PTC India Financial Services Limited CRISIL A1+ 2,000 9,946.22 1.50%

30 JM Financial Credit Solutions Limited ICRA A1+ 2,000 9,948.22 1.50%

31 Prism Cement Limited IND A1 2,000 9,916.88 1.50%32 IL & FS Securities Services Limited ICRA A1+ 2,000 9,915.59 1.49%33 National Housing Bank ICRA A1+ 2,000 9,894.99 1.49%

34 Deutsche Investments India Private Limited CRISIL A1+ 1,500 7,462.72 1.12%

35 JM Financial Credit Solutions Limited IND A1+ 1,000 4,996.70 0.75%

36 Magma Fincorp Limited CARE A1+ 1,000 4,995.62 0.75%37 JM Financial Products Limited ICRA A1+ 1,000 4,977.34 0.75%38 Magma Fincorp Limited CRISIL A1+ 1,000 4,972.10 0.75%39 Cargill India Private Limited ICRA A1+ 1,000 4,969.24 0.75%40 Magma Housing Finance CRISIL A1+ 1,000 4,968.22 0.75%41 Fedbank Financial Services Ltd CRISIL A1+ 500 2,496.10 0.38%

42 Infrastructure Leasing & Financial Services Ltd CARE A1+ 500 2,487.83 0.37%

43 Small Industries Development Bank of India CARE A1+ 500 2,478.55 0.37%

Total 391,943.58 59.04%

Treasury Bill44 91 DAY T-BILL 17032016 SOV 31,663,250 31,391.01 4.73%45 91 DAY T-BILL 10032016 SOV 23,730,000 23,558.08 3.55%46 91 DAY T-BILL 18022016 SOV 22,500,000 22,426.81 3.38%47 91 DAY T-BILL 28032016 SOV 10,129,750 10,020.99 1.51%48 91 DAY T-BILL 07042016 SOV 3,000,000 2,961.34 0.45%

Total 90,358.23 13.62%

49 CBLO / Reverse Repo Investments (59,340.36) -8.94%Total (59,340.36) -8.94%

Fixed Deposit50 RBL Bank Limited Unrated 10,000.00 1.51%

Total 10,000.00 1.51%


Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND. 2. Weighted Average Expense Ratio : IP: 0.14% RP: 0.24% DP: 0.05%

Institutional Plan Growth - 2,133.0121


Direct Plan Growth - 2,137.6118

A1+ 89.25%

A1 4.48%

SOV 13.62%CASH & CASH EQUIVALENT (7.35%)


Rating Profile of the Portfolio of the Scheme

DSP BlackRock Liquidity Fund

PortfolioPortfolio

25

DSP BlackRock Money Manager Fund

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

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





PORTFOLIO YTM8.54%


Sr. No.


% to Net Assets


1 Tata Global Beverages Limited ICRA AA+ 1,132 13,263.93 6.51%2 Power Finance Corporation Limited CRISIL AAA 950 9,479.76 4.65%3 Tata Motors Limited CARE AA+ 635 6,344.55 3.11%

4 Shriram Transport Finance Company Limited CRISIL AA+ 500,000 5,035.65 2.48%

5 Piramal Enterprises Limited ICRA AA 500 4,990.70 2.45%6 JM Financial Products Limited ICRA AA 500 4,969.60 2.44%

7 Aditya Birla Fashion and Retail Limited ICRA AA 360 3,595.24 1.76%

8 Tata Motors Finance Limited CRISIL AA 150 1,497.51 0.74%

9 Sundaram BNP Paribas Home Finance Limited CARE AA+ 115 1,183.32 0.58%

Total 50,360.26 24.72%


10 7.23% GOI FRB 21122020 SOV 7,000,000 6,848.44 3.36%Total 6,848.44 3.36%


11 ICICI Bank Limited ICRA A1+ 15,000 14,607.40 7.17%12 Kotak Mahindra Bank Limited CRISIL A1+ 10,000 9,724.89 4.77%13 State Bank of Bikaner and Jaipur CRISIL A1+ 7,500 7,458.26 3.66%14 IndusInd Bank Limited CRISIL A1+ 5,000 4,962.81 2.44%15 Canara Bank CRISIL A1+ 5,000 4,959.18 2.43%16 Axis Bank Limited CRISIL A1+ 5,000 4,862.52 2.39%17 Punjab & Sind Bank ICRA A1+ 2,500 2,478.41 1.22%18 Punjab National Bank CARE A1+ 2,000 1,987.69 0.98%19 Vijaya Bank CARE A1+ 450 446.68 0.22%

Total 51,487.84 25.28%

Commercial Paper20 Vodafone India Limited CRISIL A1+ 4,000 19,367.93 9.51%21 Hero Fincorp Limited CRISIL A1+ 3,000 14,680.06 7.21%

22 Housing Development Finance Corporation Limited ICRA A1+ 3,000 14,537.13 7.14%

23 ONGC Mangalore Petrochemicals Limited ICRA A1+ 2,500 12,310.90 6.04%

24 Deutsche Investments India Private Limited CRISIL A1+ 1,500 7,065.55 3.47%

25 Infrastructure Leasing & Financial Services Ltd ICRA A1+ 1,000 4,962.30 2.44%

26 Julius Baer Capital (India) Private Limited IND A1+ 1,000 4,954.59 2.43%

27 JM Financial Products Limited ICRA A1+ 1,000 4,824.42 2.37%28 Birla TMT Holdings Private Limited CRISIL A1+ 750 3,563.95 1.75%

29 Tata Realty And Infrastructure Limited ICRA A1+ 500 2,356.33 1.16%

30 JM Financial Credit Solutions Limited IND A1+ 450 2,132.62 1.05%

31 Export-Import Bank of India CRISIL A1+ 100 496.88 0.24%Total 91,252.66 44.81%

32 CBLO / Reverse Repo Investments 1,519.17 0.75%Total 1,519.17 0.75%

Cash & Cash EquivalentNet Receivables/Payables 2,263.72 1.08%Total 2,263.72 1.08%GRAND TOTAL 203,732.09 100.00%

Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND. 2. Weighted Average Expense Ratio : IP: 0.55% RP: 1.00% DP: 0.45%

AA 7.39%

A1+ 70.09%

AAA 4.65%

AA+ 12.68%

Regular Plan Growth - 2,005.8355




SOV 3.36%CASH & CASH EQUIVALENT 1.83%


Portfolio

26


Sr. No.


% to Net Assets

MONEY MARKET INSTRUMENTSTreasury Bill

1 364 DAY T-BILL 21072016 SOV 1,000,000 967.24 49.41%2 364 DAY T-BILL 03032016 SOV 500,000 497.02 25.39%3 364 DAY T-BILL 09062016 SOV 400,000 390.03 19.93%

Total 1,854.29 94.73%

4 CBLO / Reverse Repo Investments (5.00) -0.26%

Total (5.00) -0.26%


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-PayoutDividend-ReinvestDividend•DailyDividendReinvest

•Entryload:NotApplicable•ExitLoad:Nil

Note: Weighted Average Expense Ratio: RP: 0.59% DP: 0.34%

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

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

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


TOTAL AUM AS ON jANUARY 31, 201619.57 Cr.

PORTFOLIO YTM7.15%




INvESTMENT OBjECTIvEAn Open-ended Money Market Mutual Fund Scheme in income category seeking generate income through investment in a portfolio comprising of Treasury Bills and other Central Government Securities with a residual maturity less than or equal to 1 year.


SOV 94.73%

CASH & CASH EQUIVALENT 5.27%





DSP BlackRock Treasury Bill Fund

Portfolio

27

DSP BlackRock Government Securities Fund

PortfolioSr. No.


% to Net Assets

DEBT INSTRUMENTSCENTRAL GOvERNMENT SECURITIES

1 7.88% GOI 19032030 SOV 8,500,000 8,438.80 19.06%2 8.15% GOI 24112026 SOV 8,000,000 8,128.00 18.36%3 7.68% GOI 15122023 SOV 7,000,000 6,982.85 15.77%4 7.72% GOI 25052025 SOV 7,000,000 6,971.65 15.74%5 8.60% GOI 02062028 SOV 5,500,000 5,758.50 13.00%6 7.35% GOI 22062024 SOV 5,000,000 4,866.50 10.99%7 8.13% GOI 22062045 SOV 500,000 494.34 1.12%

Total 41,640.64 94.04%



Total 1,933.90 4.37%



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

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

PORTFOLIO YTM7.83%



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




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

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

•Entryload:NotApplicable •ExitLoad: Nil

INvESTMENT OBjECTIvEAn Open Ended income Scheme, seeking to generate income through investment in Central Government Securities of various maturities.


SOV 94.04%






28

Portfolio

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

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

ASSET ALLOCATIONMoney market securities and/or debt securities* with residual maturity of 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 <=3 months: 0.25% Holding period >3 months: Nil

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

- Payout Dividend


DSP BlackRock Short Term Fund

Sr. No.


% to Net Assets


1 National Bank for Agriculture and Rural Development CRISIL AAA 1,150 11,470.70 8.73%

2 Power Finance Corporation Limited CRISIL AAA 1,115 11,355.93 8.65%

3 JM Financial Asset Reconstruction Company Private Limited CRISIL A+ 1,000 10,041.23 7.64%

4 Reliance Jio Infocomm Limited CRISIL AAA 1,000 10,020.32 7.63%5 Tata Cleantech Capital Limited CRISIL AA+ 1,000 9,944.45 7.57%6 Piramal Enterprises Limited ICRA AA 715 7,131.82 5.43%

7 RuralElectrificationCorporationLimited CRISIL AAA 550 5,582.71 4.25%

8 IDFC Bank Limited ICRA AAA 450 4,506.99 3.43%9 Export-Import Bank of India CRISIL AAA 420 4,368.84 3.33%10 Family Credit Limited CARE AA+ 160 3,979.32 3.03%

11 Power Grid Corporation of India Limited CRISIL AAA 250 2,589.54 1.97%

12 Shriram Transport Finance Company Limited CRISIL AA+ 250 2,511.64 1.91%

13 Can Fin Homes Limited ICRA AAA 250 2,493.37 1.90%

14 Small Industries Development Bank of India CARE AAA 215 2,160.20 1.64%

15 India Infoline Housing Finance Limited ICRA AA 150 1,619.35 1.23%

16 NHPC Limited IND AAA 500 503.23 0.38%17 Fullerton India Credit Company Ltd CARE AAA 50 498.64 0.38%

Total 90,778.28 69.10%

Unlisted18 Reliance Inceptum Private Limited BWR AA+(SO) 450 4,586.68 3.49%

19 KKR India Financial Services Private Limited CRISIL AA 35 3,617.69 2.76%

Total 8,204.37 6.25%

Securitised Debt Instruments

20 Royal Trust PTC Series A2 - May2004 - (Citibank N.A.) CRISIL AAA 24 70.10 0.05%

Total 70.10 0.05%


21 8.27% GOI 09062020 SOV 11,500,000 11,787.50 8.97%Total 11,787.50 8.97%


22 Corporation Bank CRISIL A1+ 7,500 7,495.64 5.71%23 IDBI Bank Limited CRISIL A1+ 2,500 2,477.55 1.89%24 ICICI Bank Limited ICRA A1+ 2,500 2,434.57 1.85%25 Axis Bank Limited CRISIL A1+ 2,500 2,330.74 1.77%

Total 14,738.50 11.22%

Commercial Paper

26 Deutsche Investments India Private Limited CRISIL A1+ 200 942.07 0.72%

Total 942.07 0.72%

27 CBLO / Reverse Repo Investments 779.59 0.59%Total 779.59 0.59%


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




PORTFOLIO YTM8.75%


Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND, & BWR. 2. Weighted Average Expense Ratio : RP: 1.30%. DP: 0.60%

SOV 8.97%

A+ 7.64%

AA 9.42%

AAA 42.34%





A1+ 11.94%CASH & CASH EQUIVALENT 3.69%


AA+ 16.00%

29

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.



Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND. 2. Weighted Average Expense Ratio: RP: 0.90% DP: 0.55%

Sr. No.

Name of Instrument Rating/Industry

Quantity Market value ( In lakhs)

% to Net Assets



2 RuralElectrificationCorporationLimited CRISIL AAA 1,050 10,855.40 14.21%

3 Power Grid Corporation of India Limited CRISIL AAA 850 9,251.58 12.12%

4 Export-Import Bank of India CRISIL AAA 600 6,181.25 8.09%5 National Housing Bank CRISIL AAA 500 4,999.51 6.54%

6 Hindustan Petroleum Corporation Limited IND AAA 350 3,548.93 4.65%

7 Power Finance Corporation Limited CRISIL AAA 250 2,558.85 3.35%8 Power Finance Corporation Limited ICRA AAA 250 2,497.12 3.27%9 LIC Housing Finance Limited CRISIL AAA 70 697.66 0.91%10 GAIL (India) Limited CARE AAA 50 499.34 0.65%

Total 52,263.30 68.42%


11 8.27% GOI 09062020 SOV 2,500,000 2,562.50 3.35%12 7.88% GOI 19032030 SOV 500,000 496.40 0.65%

Total 3,058.90 4.00%


13 Kotak Mahindra Bank Limited CRISIL A1+ 5,600 5,340.39 6.99%14 Rabobank International CRISIL A1+ 5,000 4,757.67 6.23%15 Axis Bank Limited CRISIL A1+ 5,000 4,661.48 6.10%16 HDFC Bank Limited CARE A1+ 2,100 2,076.31 2.72%

Total 16,835.85 22.04%





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


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






A1+ 22.04%SOV 4.00%

AAA 68.42%




PORTFOLIO YTM8.03%



30

DSP BlackRock Income Opportunities Fund





PortfolioSr. No.


% to Net Assets


1 DLF Emporio Limited CRISIL AA(SO) 1,500 15,161.24 6.71%2 LIC Housing Finance Limited CRISIL AAA 1,500 15,056.40 6.66%


4 Housing Development Finance Corporation Limited CRISIL AAA 115 11,472.43 5.08%

5 Prism Cement Limited ICRA A- 1,000 10,101.45 4.47%6 Peninsula Land Limited ICRA A 1,000 10,019.18 4.43%7 Sobha Limited ICRA A 10,000 9,935.55 4.40%8 PNB Housing Finance Limited CARE AAA 1,000 9,922.24 4.39%

9 Janalakshmi Financial Services Private Limited ICRA A 900 9,012.60 3.99%

10 Reliance Jio Infocomm Limited CRISIL AAA 750 7,593.60 3.36%11 Power Grid Corporation of India Limited CRISIL AAA 600 6,196.81 2.74%12 India Infoline Housing Finance Limited ICRA AA 500 5,298.38 2.34%

13 Reliance Gas Transportation Infrastructure Limited CRISIL AAA 500 5,204.00 2.30%

14 Reliance Utilities and Power Private Limited CRISIL AAA 500 4,940.79 2.19%

15 Dalmia Cement (Bharat) Limited ICRA AA- 320 3,205.72 1.42%16 IDFC Bank Limited ICRA AAA 250 2,497.65 1.11%

17 East-North Interconnection Company Limited CRISIL AAA(SO) 200 1,999.35 0.88%

18 Vedanta Limited CRISIL AA- 10 97.53 0.04%19 Tata Motors Finance Limited CRISIL AA 5 50.08 0.02%

Total 140,731.49 62.27%

Unlisted


21 Dalmia Bharat Cements Holdings Limited BWR A+(SO) 10,000 9,605.40 4.26%

22 IL&FS Energy Development Company Limited CARE A 90 9,080.17 4.02%

23 Coffee Day Enterprises Limited BWR A+(SO) 650 8,879.31 3.93%

24 Coffee Day Natural Resources Private Limited BWR A-(SO) 750 8,115.63 3.59%

25 Liquid Investment and Trading Company Private Limited BWR A 750 7,895.10 3.49%

Total 57,831.44 25.61%


26 Corporation Bank CRISIL A1+ 5,000 4,996.13 2.21%Total 4,996.13 2.21%

Commercial Paper

27 Small Industries Development Bank of India CARE A1+ 1,500 7,435.64 3.29%

28 Daimler Financial Services India Private Limited IND A1+ 300 1,412.39 0.62%

Total 8,848.03 3.91%




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


MONTHLY AvERAGEAUM AS ON jANUARY 31, 2016 2,172.23 Cr

PORTFOLIO YTM10.41%


Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND, & BWR. 2. Weighted Average Expense Ratio : IP: 1.20% RP: 1.78% DP: 1.20%

Regular Plan Growth - 24.0063

Direct Plan Growth - 24.4079


FEATURES



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

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



A 20.33%

A- 8.06%

AAA 34.45%

A+ 8.19%

A1+ 6.12%CASH & CASH EQUIVALENT 6.00%

AA 15.39%AA- 1.46%

31

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



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:Nil

PortfolioSr. No.


% to Net Assets


1 Power Grid Corporation of India Limited CRISIL AAA 1,550 16,356.01 5.49%

2 Reliance Gas Transportation Infrastructure Limited CRISIL AAA 1,150 11,969.21 4.01%

3 NTPC Limited CRISIL AAA 250 2,627.02 0.88%

4 Reliance Jio Infocomm Limited CRISIL AAA 250 2,517.00 0.84%

5 Dalmia Cement (Bharat) Limited ICRA AA- 250 2,502.22 0.84%

6 HDB Financial Services Limited CARE AAA 250 2,484.34 0.83%

7 Reliance Utilities and Power Private Limited CRISIL AAA 250 2,470.40 0.83%

8 IDFC Bank Limited ICRA AAA 250 2,186.91 0.73%

9 East-North Interconnection Company Limited CRISIL AAA(SO) 200 1,997.22 0.66%

10 GAIL (India) Limited CARE AAA 50 499.58 0.17%

Total 45,609.91 15.28%

Unlisted


Total 2,002.17 0.67%


12 7.68% GOI 15122023 SOV 60,000,000 59,853.00 20.07%

13 8.15% GOI 24112026 SOV 50,000,000 50,800.00 17.03%

14 8.83% GOI 25112023 SOV 20,500,000 21,576.25 7.23%

15 7.35% GOI 22062024 SOV 21,742,300 21,161.78 7.09%

16 7.88% GOI 19032030 SOV 21,000,000 20,848.80 6.99%

17 8.28% GOI 21092027 SOV 15,000,000 15,333.00 5.14%

18 8.60% GOI 02062028 SOV 14,000,000 14,658.00 4.91%

19 8.13% GOI 22062045 SOV 7,500,000 7,415.06 2.49%

20 7.72% GOI 25052025 SOV 5,000,000 4,979.75 1.67%

21 8.17% GOI 01122044 SOV 1,500,000 1,485.75 0.50%

Total 218,111.39 73.12%


22 HDFC Bank Limited CARE A1+ 10,450 10,332.10 3.46%

Total 10,332.10 3.46%

Commercial Paper

23 Daimler Financial Services India Private Limited IND A1+ 1,500 7,061.93 2.37%

Total 7,061.93 2.37%


Total 8,859.94 2.97%

Cash & Cash EquivalentNet Receivables/Payables 6,291.24 2.13%

Total 6,291.24 2.13%GRAND TOTAL 298,268.68 100.00%


Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND. 2. Weighted Average Expense Ratio : IP: 1.12% RP: 1.07% DP: 0.77% 3. @ Pending Allotment



PORTFOLIO YTM8.03%



Institutional Plan Growth - 1,744.8322



SOV 73.12%



AAA 14.44%

AA 0.67%AA- 0.84%

A1+ 5.83%

32

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) Maturity date for fixedratesecurities(b)Interestreset date or repricing date for floatingratesecurities

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.



% to Net Assets


1 HDB Financial Services Limited CARE AAA 250 2,484.34 8.20%2 Dalmia Cement (Bharat) Limited ICRA AA- 200 2,002.21 6.61%

3 Reliance Gas Transportation Infrastructure Limited CRISIL AAA 150 1,561.20 5.16%

4 East-North Interconnection Company Limited CRISIL AAA(SO) 100 998.52 3.30%

5 Power Grid Corporation of India Limited CRISIL AAA 50 526.26 1.74%

Total 7,572.53 25.01%

Unlisted


Total 2,006.25 6.63%

Securitised Debt Instruments7 India MBS PTC Series 1D (LIC HF) CRISIL AAA 7 11.12 0.04%

Total 11.12 0.04%

CENTRAL GOvERNMENT SECURITIES8 7.88% GOI 19032030 SOV 5,500,000 5,460.40 18.03%9 8.15% GOI 24112026 SOV 5,350,000 5,435.60 17.95%10 7.35% GOI 22062024 SOV 3,500,000 3,406.55 11.25%11 7.72% GOI 25052025 SOV 3,000,000 2,987.85 9.87%12 8.83% GOI 25112023 SOV 1,500,000 1,578.75 5.21%13 8.28% GOI 21092027 SOV 500,000 511.10 1.69%

Total 19,380.25 64.00%


Total 839.52 2.77%


Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND. 2. Weighted Average Expense Ratio : RP: 2.08% DP: 1.43% 3. @Pending Allotment


FEATURES




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

•Growth•MonthlyDividend - Payout Dividend

- Reinvest Dividend•Dividend - Payout Dividend

- Reinvest Dividend


MONTHLY AvERAGE AUM AS ON jANUARY 31, 2016305.54 Cr

PORTFOLIO YTM8.41%






SOV 64.00%

AA 6.63%

AA- 6.61%



AAA 18.44%

33

Sr. No.



% to Net Assets


1 Indiabulls Housing Finance Limited CARE AAA 1,000 9,971.27 9.97%2 RuralElectrificationCorporationLimited CRISIL AAA 500 5,066.78 5.07%3 Power Finance Corporation Limited CRISIL AAA 348 3,543.55 3.55%

4 Housing Development Finance Corporation Limited CRISIL AAA 125 3,496.75 3.49%

5 Power Finance Corporation Limited ICRA AAA 250 2,497.12 2.50%Total 24,575.47 24.58%


6 Corporation Bank CRISIL A1+ 13,500 13,484.60 13.48%7 Kotak Mahindra Bank Limited CRISIL A1+ 10,000 9,531.67 9.53%8 Axis Bank Limited CRISIL A1+ 7,500 7,039.00 7.04%9 Canara Bank CRISIL A1+ 5,000 4,949.95 4.95%10 Rabobank International CRISIL A1+ 3,000 2,854.60 2.85%11 Andhra Bank CARE A1+ 2,000 1,980.84 1.98%12 ICICI Bank Limited ICRA A1+ 500 495.90 0.50%

Total 40,336.56 40.33%

Commercial Paper13 JM Financial Credit Solutions Limited IND A1+ 1,500 7,108.75 7.11%14 TGS Investment and Trade Private Limited ICRA A1+ 1,000 4,751.93 4.75%15 JM Financial Credit Solutions Limited ICRA A1+ 1,000 4,542.63 4.54%16 Birla TMT Holdings Private Limited CRISIL A1+ 700 3,326.35 3.33%

17 Daimler Financial Services India Private Limited IND A1+ 700 3,295.57 3.29%

Total 23,025.23 23.02%



DSP BlackRock Ultra Short Term Fund

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

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

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

Notes: 1. All corporate ratings are assigned by rating agencies like CRISIL, CARE, ICRA, IND & BWR. 2. Weighted Average Expense Ratio : RP: 0.49%. DP: 0.14%

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

INCEPTION DATEMarch 10, 2015




PORTFOLIO YTM8.35%

•Optionsavailable:(DP&RP)


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


FEATURES




A1+ 63.35%AAA 24.58%






34

DSP BlackRock Constant Maturity 10Y G-Sec Fund

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

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

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


Sr. No.


% to Net Assets

DEBT INSTRUMENTSCENTRAL GOvERNMENT SECURITIES

1 8.15% GOI 24112026 SOV 4,750,000 4,826.00 95.48%Total 4,826.00 95.48%



Total 129.93 2.57%






FEATURES

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


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




SOV 95.48%




PORTFOLIO YTM7.90%




35

Comparative Performance of all schemes

FUND MANAGER - Harish Zaveri

FUND MANAGER - Harish Zaveri, vinit Sambre

DSP BlackRock Equity Fund (DSPBREF)Period DSPBR Equity Fund Nifty 500^ Nifty 50#

31 December 2014 to 31 December 2015 (0.74%) (0.72%) (4.06%)

31 December 2013 to 31 December 2014 53.00% 37.82% 31.39%


Since Inception (CAGR) 20.92% 12.94% 11.40%

Since Inception (Value *) 347,861 97,223 75,146

NAV/Index Value (as of 31-Dec-15) 56.8140 6,724.75 7,946.35

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 December 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 - M Suryanarayanan

DSP BlackRock Technology.com Fund (DSPBRTF)

Period DSPBR Technology.com Fund S&P BSE Teck^ Nifty 50#

31 December 2014 to 31 December 2015 9.71% 3.61% (4.06%)




Since Inception (Value*) 55,960 27,869 60,805


Date of allotment May 16, 2000

^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 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 Top 100 Equity Fund (DSPBRTEF)

Period DSPBR Top 100 Equity Fund S&P BSE100^ Nifty 50#







Date of allotment Mar 10, 2003


FUND MANAGER - vinit Sambre

DSP BlackRock Small and Mid Cap Fund (DSPBRSMF)

Period DSPBR Small and Mid Cap Fund

Nifty Midcap 100^ Nifty 50#



31 December 2012 to 31 December 2013 1.65% (5.10%) 6.76%




Date of allotment Nov 14, 2006


FUND MANAGER - vinit Sambre, jay Kothari

DSP BlackRock Micro Cap Fund (DSPBRMCF)

Period DSPBR Micro Cap Fund S&P BSE Smallcap^ Nifty 50#







Date of allotment Jun 14, 2007

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

FUND MANAGER - Harish Zaveri, jay Kothari

DSP BlackRock Focus 25 Fund (DSPBRF25F)Period DSPBR Focus 25 Fund S&P BSE 200^ Nifty 50#

31 December 2014 to 31 December 2015 1.98% (1.48%) (4.06%)


31 December 2012 to 31 December 2013 (0.17%) 4.38% 6.76%






FUND MANAGER - Rohit Singhania

DSP BlackRock Opportunities Fund (DSPBROF)

Period DSPBR Opportunities Fund Nifty 500^ Nifty 50#









FUND MANAGER - vinit Sambre, Dhawal Dalal

DSP BlackRock Balanced Fund (DSPBRBaLF)

Period DSPBR Balanced Fund CRISIL Balanced Fund Index^ Nifty 50#




Since Inception (CAGR) 15.50% NA# 12.70%

Since Inception (Value*) 109,427 NA1 72,805.44



^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returns are for Regular Plan - Growth Option. 1Since historical data is not available, performance has not been compared. Since inception returns have been calculated from the date of allotment till 31 December 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


FUND MANAGER - Rohit Singhania, jay Kothari


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

Period DSPBR India T.I.G.E.R. Fund S&P BSE100^ Nifty 50#









FUND MANAGER - jay Kothari

DSP BlackRock World Gold Fund (DSPBRWGF)

Period DSPBR World Gold Fund FTSE Gold Mine^ Nifty 50#


31 December 2013 to 31 December 2014 (3.04%) (13.32%) 31.39%


Since Inception (CAGR) (2.32%) (6.76%) 7.04%



Date of allotment Sep 14, 2007


DSP BlackRock Natural Resources and New Energy Fund (DSPBRNRNEF)

PeriodDSPBR Natural

Resources and New Nergy Fund

Composite Benchmark^ Nifty 50#




Since Inception (CAGR) 7.98% (2.42%) 5.91%


NAV/Index Value (as of 31-Dec-15) 18.0470 82.84 7,946.35


^Scheme Benchmark (Composite Benchmark = 35% S&P BSE Oil & Gas Index, 30% S&P BSE Metal Index, 35%MSCI World Energy 10/40 Net Total Return - Net & Expressed in INR; Normalised Values) #Standard Benchmark. *Based on investment of 10,000 made at inception. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


DSP BlackRock Tax Saver Fund (DSPBRTSF)

Period DSPBR Tax Saver Fund Nifty 500^ Nifty 50#







Date of allotment Jan 18, 2007



DSP BlackRock World Energy Fund (DSPBRWEF)

Period DSPBR World Energy Fund








Date of allotment Aug 14, 2009

^Scheme Benchmark (Composite Benchmark = 70.00% MSCI World Energy 10/40 Net Total Return & 30.00%MSCI World (Net) - Net & Expressed in INR; Normalised Values) #Standard Benchmark. *Based on investment of 10,000 made at inception. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 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

Euromoney Global Mining Constrained Weights Net Total Return

Index^

Nifty 50#







Date of allotment Dec 29, 2009 Scheme Benchmark-Euromoney Global Mining Constrained Weights Net Total Return Index. #Standard Benchmark.

*Based on investment of 10,000 made at inception. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 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 - jay Kothari, Laukik Bagwe


RP- Regular Plan, IP- Institutional Plan

DSP BlackRock World Agriculture Fund (DSPBRWAF)

Period DSPBR WorldAgriculture Fund

DAx Global Agribusiness

Index^Nifty 50#





Since Inception (Value*) ` 13,883 14,573 15,462

NAV/Index Value (as of 31-Dec-15) ` 13,8831 39,311.45 7,946.935

Date of allotment Oct19, 2011

^Scheme Benchmark. #Standard Benchmark. *Based on investment of ` 10,000 made at inception. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date ofallotment till 31 December 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 US Flexible~ Equity Fund (DSPBRUSFEF)

Period DSPBR US Flexible Equity Fund

Russell 1000Index^ Nifty 50#






NAV/Index Value (as of 31-Dec-15) ` 17,4461 402,115.24 7,946.35

Date of allotment Aug 3, 2012

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

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

37


FUND MANAGER - Dhawal Dalal

DSPBR Banking & PSU Debt Fund - RP (DSPBRBPDF)

Period DSPBR Banking & PSU Debt Fund

CRISIL Short Term Bond Fund Index^

Crisil 1 Year T-Bill Index#



31 December 2012 to 31 December 2013 NA NA NA





^Scheme Benchmark. #Standard Benchmark.*Based on investment of 10,000 made at inception. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 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 till 29 January 2016 6.52% 6.81% 5.28%


Last 1 Month till 29 January 2016 6.28% 7.06% 6.43%





Since Inception (Value*) 29,654 NA1 27,781

NAV/Index Value (as of 29-Jan-16) 29.8018 1,963.73 4,399.51


^Scheme Benchmark. #Standard Benchmark.*Based on investment of 10,000 made at inception. All returns are for Regular Plan - Growth Option. 1Since historical data is not available, performance has not been compared. Since inception returns have been calculated from the date of allotment till 29 January 2016. Returns shown for 7 days, 15 days and 30 days are computed on simple annualised basis. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


FUND MANAGER - Dhawal Dalal, Harish Zaveri

DSP BlackRock MIP Fund~ (DSPBRMIPF)

Period DSPBR MIP Fund Crisil MIP Blended Index^






Since Inception (Value*) 29,742 24,661 19,460.14




FUND MANAGER - Marzban Irani

DSP BlackRock Short Term Fund (DSPBRSTF)

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









^Scheme Benchmark. #Standard Benchmark.*Based on investment of 10,000 made at inception. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 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 #








Since Inception (Value*) 34,819 NA1 31,382


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 - Growth Option. 1Since historical data is not available, performance has not been compared. Since inception returns have been calculated from the date of allotment till 29 January 2016. 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











NAV/Index Value (as of 29-Jan-16) 2,132.1481 2,470.82 4,318.90


^Scheme Benchmark. #Standard Benchmark.*Based on investment of 10,000 made at inception. All returns are for Institutional Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 29 January 2016. 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








NAV/Index Value (as of 31-Dec-15) 1,997.8455 2,458.70 4,377.15

Date of allotment Jul 31, 2006

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


DSP BlackRock Money Manager Fund - IP (DSPBRMMF)

Period DSPBR Money Manager Fund - IP









Date of allotment Jul 31, 2006

^Scheme Benchmark. #Standard Benchmark.*Based on investment of 10,000 made at inception. All returns are for Institutional Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 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

38



DSP BlackRock Government Securities Fund (DSPBRGSF)

Period DSPBR Government Securities Fund

CRISIL Long Term Gilt Index^

Crisil 10 Year Gilt Index#




Since Inception (CAGR) 9.87% NA# NA#

Since Inception (Value*) 46,241 NA1 NA1



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


DSP BlackRock Bond Fund (DSPBRBF)

Period DSPBR Bond Fund Crisil Composite Bond Fund Index^

Crisil 10 Year Gilt Index #




Since Inception (CAGR) 8.47% NA# NA#

Since Inception (Value*) 45,667 NA1 NA1



^Scheme Benchmark. #Standard Benchmark.*Based on investment of 10,000 made at inception. All returns are for Regular Plan - Growth Option. 1Since historical data is not available, performance has not been compared. Since inception returns have been calculated from the date of allotment till 31 December 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^









^Scheme Benchmark. #Standard Benchmark.*Based on investment of 10,000 made at inception. All returns are for Institutional Plan - Growth Option. Since inception returns have been calculated from Nov 12, 2008 astherewerenoinvestorsinthisplanforasignificiantperiodbeforethisdate.Sinceinceptionreturnshave been calculated from the date of allotment till 31 December 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 #










DSP BlackRock Income Opportunities Fund - RP (DSPBRIOF)

PeriodDSPBR Income Opportunities

Fund - RP

Composite Benchmark^









^Scheme Benchmark (Composite Benchmark = 50% of CRISIL Short Term Bond Fund Index + 50% of CRISIL Composite Bond Fund Index; Normalised Values). #Standard Benchmark.*Based on investment of 10,000 made at inception. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 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








NAV/Index Value (as of 31-Dec-15) 2,201.4359 227.64 4,377.15

Date of allotment Oct 18, 2005

^Scheme Benchmark (Composite Benchmark = 50% of CRISIL Short Term Bond Fund Index + 50% of CRISIL Composite Bond Fund Index; Normalised Values). #Standard Benchmark.*Based on investment of 10,000 made at inception. All returns are for Institutional Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

FUND MANAGER - Harish Zaveri, Dhawal DalalDSP BlackRock Dynamic Asset Allocation Fund (DSPBRDAAF)

Period DSPBR Dynamic Asset Allocation Fund

CRISIL Balanced Fund Index^ Nifty 50#



Since Inception (Value*) 11,821 12,901 13,164.27


Date of allotment Feb 6, 2014


39

DSPBREF, DSPBROF and DSPBRTSF, which are benchmarked to the Nifty 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)resultedtosuchpartyduetopurchaseorsaleor otherwise, of DSPBREF, DSPBROF or DSPBRTSF marked to such index.

DSPBRSMF, which is benchmarked to the Nifty Midcap 100 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)resultedtosuchpartyduetopurchaseorsaleorotherwiseofDSPBRSMFmarked to such index.

The S&P BSE 100, S&P BSE 200, S&P BSE Small Cap, S&P BSE Teck, S&P BSE Metals, S&P BSE Oil and Gas & S&P BSE SENSEX are product of Asia Index Private Limited, which is a joint venture of S&P Dow Jones Indices LLC or its affiliates(“SPDJI”)andBSE,andhasbeenlicensedforusebyDSPBlackRockInvestmentManagersPvt.Ltd.Standard&Poor’s®andS&P®areregisteredtrademarksofStandard&Poor’sFinancialServicesLLC(“S&P”);BSE®isaregisteredtrademarkofBSELimited(“BSE”);andDowJones®isaregisteredtrademarkofDowJonesTrademarkHoldingsLLC(“DowJones”).©AsiaIndexPrivateLimited2014.Allrightsreserved.

Note: (a) All returns are absolute unless otherwise mentioned. (b) Load is not taken into consideration for computation of performance. (c) DSP BlackRock Ultra Short Fund has not completed 1 year hence performance data of the same is not provided. (d) Performance of Closed ended schemes are not provided as their performance are not strictly comparable with performance of open-ended schemes.


DSP BlackRock Constant Maturity 10Y G-Sec Fund (DSPBRCM10YGF)

PeriodDSPBR Constant

Maturity 10Y G-Sec Fund

Crisil 10 Year Gilt Index^








Date of allotment 26-Sep-14


FUND MANAGER - Laukik Bagwe, jay Kothari

DSP BlackRock Global Allocation Fund (DSPBRGAF)

PeriodDSPBR Global

Allocation FundComposite

Benchmark^ Nifty 50#






Date of allotment 21-Aug-14

^Scheme Benchmark. (Composite Benchmark = (36% S&P 500 Composite; 24% FTSE World (ex-US); 24% ML US Treasury Current 5 Year; 16% Citigroup Non-USD World Government Bond Index) ; Normalised Values ). #Standard Benchmark.*Based on investment of 10,000 made at inception. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


40

Comparative Performance of all schemes - Direct Plan


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

Period DSPBR India T.I.G.E.R. Fund S&P BSE100^ Nifty 50#


31 December 2013 to 31 December 2014 62.11% 32.28% 31.39%Since Inception (CAGR) 13.93% 10.34% 10.13%Since Inception (Value*) 14,782 13,431 13,353NAV/Index Value (as of 31-Dec-15) 69.1360 8,097.57 7,946.35Date of allotment Jan 01, 2013

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


DSP BlackRock Tax Saver Fund (DSPBRTSF)

Period DSPBR Tax Saver Fund Nifty 500^ Nifty 50#







^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returns are for Direct Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 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

FUND MANAGER - Harish Zaveri

FUND MANAGER - Harish Zaveri, vinit Sambre

DSP BlackRock Equity Fund (DSPBREF)Period DSPBR Equity Fund Nifty 500^ Nifty 50#




Since Inception (Value *) 15,279 14,050 13,353



^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 December 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 - M Suryanarayanan

DSP BlackRock Technology.com Fund (DSPBRTF)

Period DSPBR Technology.com Fund S&P BSE Teck^ Nifty 50#








DSP BlackRock Top 100 Equity Fund (DSPBRTEF)

Period DSPBR Top 100 Equity Fund S&P BSE100^ Nifty 50#








DSP BlackRock Small and Mid Cap Fund (DSPBRSMF)

Period DSPBR Small and Mid Cap Fund

Nifty Midcap100^ Nifty 50#








FUND MANAGER - vinit Sambre, jay Kothari

DSP BlackRock Micro Cap Fund (DSPBRMCF)

Period DSPBR Micro Cap Fund S&P BSE Small Cap^ Nifty 50#



Since Inception (CAGR) 36.80% 16.69% 10.13%Since Inception (Value*) 25,579 15,882 13,353NAV/Index Value (as of 31-Dec-15) 45.0680 11,836.71 7,946.35Date of allotment Jan 01, 2013


FUND MANAGER - Harish Zaveri, jay Kothari

DSP BlackRock Focus 25 Fund (DSPBRF25F)Period DSPBR Focus 25 Fund S&P BSE 200^ Nifty 50#









DSP BlackRock Opportunities Fund (DSPBROF)

Period DSPBR Opportunities Fund Nifty 500^ Nifty 50#

31 December 2014 to 31 December 2015 6.73% (0.72%) (4.06%)31 December 2013 to 31 December 2014 46.18% 37.82% 31.39%Since Inception (CAGR) 18.22% 12.01% 10.13%Since Inception (Value*) 16,516 14,050 13,353NAV/Index Value (as of 31-Dec-15) 151.2280 6,724.75 7,946.35Date of allotment Jan 01, 2013


FUND MANAGER - vinit Sambre, Dhawal Dalal

DSP BlackRock Balanced Fund (DSPBRBaLF)

Period DSPBR Balanced Fund CRISIL Balanced Fund Index^ Nifty 50#


31 December 2013 to 31 December 2014 45.85% 25.34% 31.39%Since Inception (CAGR) 15.19% 9.93% 10.13%Since Inception (Value*) 15,280 13,280 13,353.30NAV/Index Value (as of 31-Dec-15) 111.4780 5,117.45 7,946.35Date of allotment Jan 01, 2013

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

41


DSP BlackRock MIP Fund~ (DSPBRMIPF)

Period DSPBR MIP Fund CRISIL MIP Blended Index^



31 December 2013 to 31 December 2014 19.20% 16.83% 8.56%Since Inception (CAGR) 9.77% 9.06% 7.51%Since Inception (Value*) 13,220 12,965 12,421.15NAV/Index Value (as of 31-Dec-15) 30.3111 3,049.25 4,377.15Date of allotment Jan 02, 2013


FUND MANAGER - Rohit Singhania, jay Kothari FUND MANAGER - jay Kothari

DSP BlackRock World Gold Fund (DSPBRWGF)

Period DSPBR World Gold Fund FTSE Gold Mine^ Nifty 50#








DSP BlackRock Natural Resources and New Energy Fund (DSPBRNRNEF)

PeriodDSPBR Natural

Resources and New Nergy Fund




Since Inception (CAGR) 10.78% (2.77%) 9.79%




^Scheme Benchmark (Composite Benchmark = 35% S&P BSE Oil & Gas Index, 30% S&P BSE Metal Index, 35% MSCI World Energy 10/40 Net Total Return - Net & Expressed in INR; Normalised Values). #Standard Benchmark. *Based on investment of 10,000 made at inception. All returns are for Direct Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 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 - jay Kothari

DSP BlackRock World Energy Fund (DSPBRWEF)

Period DSPBR World Energy Fund



31 December 2013 to 31 December 2014 (5.30%) (4.35%) 31.39%Since Inception (CAGR) (1.22%) 4.49% 9.79%Since Inception (Value*) 9,640 11,405 13,223NAV/Index Value (as of 31-Dec-15) 10.9597 173.06 7,946.35Date of allotment Jan 03, 2013

^Scheme Benchmark (Composite Benchmark = 70.00% MSCI World Energy 10/40 Net Total Return & 30.00%MSCI World (Net) - Net & Expressed in INR; Normalised Values). #Standard Benchmark. *Based on investment of 10,000 made at inception. All returns are for Direct Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 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

Euromoney Global Mining Constrained Weights Net Total Return

Index^

Nifty 50#







^Scheme Benchmark-Euromoney Global Mining Constrained Weights Net Total Return Index. #Standard Benchmark. *Based on investment of ` 10,000 made at inception. All returns are for Direct Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.



FUND MANAGER - Dhawal Dalal, Harish Zaveri

FUND MANAGER - Harish Zaveri, Dhawal Dalal

DSP BlackRock Dynamic Asset Allocation Fund (DSPBRDAAF)

Period DSPBR Dynamic Asset Allocation Fund

CRISIL Balanced Fund Index^ Nifty 50#

31 December 2014 to 31 December 2015 5.40% 0.48% (4.06%)Since Inception (CAGR) 10.18% 14.36% 15.58%Since Inception (Value*) 12,021 12,901 13,164.27NAV/Index Value (as of 31-Dec-15) 12.0213 5,117.45 7,946.35Date of allotment Feb 6, 2014


DSP BlackRock World Agriculture Fund (DSPBRWAF)

Period DSPBR WorldAgriculture Fund

DAx Global Agribusiness

Index^Nifty 50#



Since Inception (CAGR) 4.17% 3.73% 9.88%Since Inception (Value*) ` 11,301 11,160 13,259NAV/Index Value(as of 31-Dec-15) ` 14.0197 39,311.45 7,946.35Date of allotment Jan 02, 2013

^Scheme Benchmark. #Standard Benchmark. *Based on investment of ` 10,000 made at inception. All returns are for Direct Plan - Growth Option. Since Inceptionreturns have been calculated from the date of allotment till 31 December 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 - jay Kothari, Laukik Bagwe


DSP BlackRock Liquidity Fund (DSPBRLF)

Period DSPBR Liquidity Fund Crisil Liquid Fund Index^









NAV/Index Value (as of 29-Jan-16) 2,136.7378 2,470.82 4,318.90

Date of allotment Dec 31, 2012

^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returns are for Direct Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 29 January 2016. 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 US Flexible~ Equity Fund (DSPBRUSFEF)

Period DSPBR US FlexibleEquity Fund

Russell 1000 Index^ Nifty 50#







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

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

42


DSP BlackRock Income Opportunities Fund (DSPBRIOF)


Fund









^Scheme Benchmark (Composite Benchmark = 50% of CRISIL Short Term Bond Fund Index + 50% of CRISIL Composite Bond Fund Index; Normalised Values). #Standard Benchmark. *Based on investment of ` 10,000 made at inception. All returns are for Direct Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 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











DSP BlackRock Government Securities Fund (DSPBRGSF)

Period DSPBR Government Securities Fund

CRISIL Long Term Gilt Index^










DSPBR Banking & PSU Debt Fund (DSPBRBPDF)

PeriodDSPBR Banking & PSU Debt Fund

CRISIL Short Term Bond Fund Index^








^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returns are for Direct Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 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.


DSP BlackRock Bond Fund (DSPBRBF)

Period DSPBR Bond Fund Crisil Composite Bond Fund Index^









FUND MANAGER - Dhawal DalalDSP BlackRock Strategic Bond Fund (DSPBRSBF)

Period DSPBR Strategic Bond Fund


CRISIL 10 Year Gilt Index #







^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returns are for Direct Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 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 (DSPBRTBF)

Period DSPBR Treasury Bill Fund

CRISIL Composite T-Bill

Index^










Date of allotment 01-Jan-13

^Scheme Benchmark. #Standard Benchmark. *Based on investment of 10,000 made at inception. All returns are for Direct Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 29 January 2016. 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 Short Term Fund (DSPBRSTF)

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










43

DSPBREF, DSPBROF and DSPBRTSF, which are benchmarked to the Nifty 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 Nifty Midcap 500 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 resultsobtainedfromtheuseofsuchindexandinnoeventshallIISLhaveanyliabilitytoanypartyforanydamagesofwhatsoevernature(includinglostprofits)resultedtosuchpartyduetopurchaseorsaleorotherwiseof DSPBRSMF marked to such index. The S&P BSE 100, S&P BSE 200, S&P BSE Small Cap, S&P BSE Teck, S&P BSE Metals, S&P BSE Oil and Gas & S&P BSE SENSEX are product of Asia Index Private Limited, which is a joint venture of S&P Dow Jones Indices LLC oritsaffiliates(“SPDJI”)andBSE,andhasbeenlicensedforusebyDSPBlackRockInvestmentManagersPvt.Ltd.Standard&Poor’s®andS&P®areregisteredtrademarksofStandard&Poor’sFinancialServicesLLC(“S&P”);BSE®isaregisteredtrademarkofBSELimited(“BSE”);andDowJones®isaregisteredtrademarkofDowJonesTrademarkHoldingsLLC(“DowJones”).©AsiaIndexPrivateLimited2014.Allrightsreserved.Note:

(a) All returns are absolute unless otherwise mentioned. (b) Load is not taken into consideration for computation of performance. (c) DSP BlackRock Ultra Short Fund has not completed 1 year hence performance data of the same is not provided. (d) Performance of Closed ended schemes are not provided as their performance are not strictly comparable with performance of open-ended schemes.


DSP BlackRock Constant Maturity 10Y G-Sec Fund (DSPBRCM10YGF)

PeriodDSPBR Constant

Maturity 10Y G-Sec Fund

CRISIL 10 Year Gilt Index^







Date of allotment 26-Sep-14


FUND MANAGER - Laukik Bagwe, jay Kothari

DSP BlackRock Global Allocation Fund (DSPBRGAF)

PeriodDSPBR Global

Allocation FundComposite

Benchmark^ Nifty 50#






Date of allotment 21-Aug-14

^Scheme Benchmark. (Composite Benchmark = 36% S&P 500 Composite; 24% FTSE World (ex-US); 24% ML US Treasury Current 5 Year; 16% Citigroup Non-USD World Government Bond Index) ; Normalised Values). #Standard Benchmark.*Based on investment of 10,000 made at inception. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


44

SIP Investment Performance of all Equity oriented schemes (as on December 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) 2,250.00 1,800.00 1,440.00 1,200.00 960.00 600.00 360.00 120.00

Scheme Market Value (Rs’000) 21,439.08 11,294.95 4,289.24 2,493.41 1,726.33 880.01 468.72 117.61

Benchmark1 Market Value (Rs’000) 9,955.43 6,074.49 2,986.71 2,010.61 1,500.54 813.44 434.71 116.96

Standard Bechmark2 Market Value (Rs’000) 8,640.87 5,480.49 2,900.48 1,923.57 1,418.17 765.21 409.01 114.47

Scheme Return Yield (%) 20.77 21.88 16.98 14.00 14.29 15.31 17.92 (3.67)

Benchmark1 Return Yield (%) 14.11 14.83 11.52 9.96 10.90 12.13 12.64 (4.66)

Standard Bechmark2 Return Yield(%) 12.86 13.64 11.08 9.12 9.54 9.67 8.47 (8.43)

1Nifty 500 Index; 2Nifty 50 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 December 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

DSP BlackRock Opportunities Fund (DSPBROF) - RP - Growth






Scheme Return Yield (%) 20.89 21.08 15.85 13.86 15.26 17.36 19.82 1.40



1Nifty 500 Index; 2Nifty 50 Index; *Inception date : 16-May-2000. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 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) 1,100.00 -- -- -- 960.00 600.00 360.00 120.00

Scheme Market Value (Rs’000) 2,792.91 -- -- -- 2,323.08 1,088.15 558.79 123.87

Benchmark1 Market Value (Rs’000) 2,089.04 -- -- -- 1,760.09 928.21 500.45 122.30

Standard Bechmark2 Market Value (Rs’000) 1,675.23 -- -- -- 1,418.17 765.21 409.01 114.47

Scheme Return Yield (%) 19.48 -- -- -- 21.44 24.05 30.76 6.03

Benchmark1 Return Yield (%) 13.50 -- -- -- 14.75 17.49 22.61 3.57

Standard Bechmark2 Return Yield(%) 8.92 -- -- -- 9.54 9.67 8.47 (8.43)

1Nifty Midcap 100; 2Nifty 50 Index; *Inception date : 14-Nov-2006. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 2015 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

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


Total Amount Invested (Rs’000) 1,390.00 -- -- 1,200.00 960.00 600.00 360.00 120.00

Scheme Market Value (Rs’000) 3,015.35 -- -- 2,057.34 1,530.09 877.69 480.77 116.98

Benchmark1 Market Value (Rs’000) 2,718.85 -- -- 1,942.74 1,435.57 775.52 414.19 114.99

Standard Bechmark2 Market Value (Rs’000) 2,683.41 -- -- 1,923.57 1,418.17 765.21 409.01 114.47

Scheme Return Yield (%) 12.67 -- -- 10.40 11.38 15.21 19.73 (4.63)

Benchmark1 Return Yield (%) 11.03 -- -- 9.31 9.83 10.20 9.32 (7.65)

Standard Bechmark2 Return Yield(%) 10.82 -- -- 9.12 9.54 9.67 8.47 (8.43)

1S&P BSE 100; 2Nifty 50 Index; *Inception date : 11-Jun-2004. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 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 `10,000/-systematicallyonthefirstBusinessDayofeverymonthoveraperiodoftime.

DSP BlackRock Top 100 Equity Fund (DSPBRTEF) - RP - Growth


Total Amount Invested (Rs’000) 1,540.00 -- 1,440.00 1,200.00 960.00 600.00 360.00 120.00

Scheme Market Value (Rs’000) 4,878.09 -- 3,681.03 2,220.09 1,544.44 801.04 427.68 115.62

Benchmark1 Market Value (Rs’000) 3,690.27 -- 2,950.57 1,942.74 1,435.57 775.52 414.19 114.99

Standard Bechmark2 Market Value (Rs’000) 3,570.47 -- 2,900.48 1,923.57 1,418.17 765.21 409.01 114.47

Scheme Return Yield (%) 16.65 -- 14.69 11.83 11.60 11.51 11.52 (6.70)

Benchmark1 Return Yield (%) 12.77 -- 11.34 9.31 9.83 10.20 9.32 (7.65)

Standard Bechmark2 Return Yield(%) 12.31 -- 11.08 9.12 9.54 9.67 8.47 (8.43)

1S&P BSE 100; 2Nifty 50 Index; *Inception date : 10-Mar-2003. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 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



Scheme Market Value (Rs’000) 2,239.00 -- -- -- 1,903.53 967.36 488.70 119.98



Scheme Return Yield (%) 15.62 -- -- -- 16.64 19.18 20.90 (0.04)

Benchmark1 Return Yield (%) 10.05 -- -- -- 10.90 12.13 12.64 (4.66)


1Nifty 500 Index; 2Nifty 50 Index; *Inception date : 18-Jan-2007. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 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

45

SIP Investment Performance of all Equity oriented schemes (as on December 31, 2015)

DSP BlackRock Natural Resources and New Energy Fund (DSPBRNRNEF) - RP - Growth


Total Amount Invested (Rs’000) 930.00 -- -- -- -- 600.00 360.00 120.00

Scheme Market Value (Rs’000) 1356.91 -- -- -- -- 767.73 448.12 120.29

Benchmark1 Market Value (Rs’000) 887.78 -- -- -- -- 539.68 311.92 108.44

Standard Bechmark2 Market Value (Rs’000) 1372.87 -- -- -- -- 765.13 408.95 114.35

Scheme Return Yield (%) 9.55 -- -- -- -- 9.80 14.76 0.45

Benchmark1 Return Yield (%) (1.19) -- -- -- -- (4.16) (9.10) (17.37)

Standard Bechmark2 Return Yield(%) 9.84 -- -- -- -- 9.66 8.46 (8.62)

1Composite Benchmark = 35% S&P BSE Oil & Gas Index, 30% S&P BSE Metal Index, 35% MSCI World Energy 10/40 Net Total Return - Net & Expressed in INR; Normalised Values; 2Nifty 50 Index; *Inception date : 25-Apr-2008. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 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 Balanced Fund (DSPBRBaLF) - RP - Growth




Benchmark1 Market Value (Rs’000) -- -- 2,731.10 1,931.15 1,412.88 766.46 412.98 118.18



Benchmark1 Return Yield (%) -- -- 10.16 9.20 9.45 9.73 9.13 (2.79)


1Crisil Balanced Fund Index; 2Nifty 50 Index; *Inception date : 27-May-1999. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 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 Technology.com Fund (DSPBRTF) - RP - Growth









1S&P BSE Teck; 2Nifty 50 Index; *Inception date : 16-May-2000. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 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 ` 10,000/-onthe1stworkingdayofeverymonth.XIRRhelpsincalculatingreturnoninvestmentsgivenaninitialandfinalvalueandaseriesofcashinflowsandoutflowswiththecorrectallowanceforthetimeimpactofthetransactions.Loadisnottakenintoconsiderationforcomputationofperformance.

DSPBRBalF is co-managed by Vinit Sambre & Dhawal Dalal. SIP performances for all the open ended Schemes managed by Vinit Sambre(except DSPBRMIPF) are shown. Since the orientation & feature of DSPBRBalF is different from all other schemes managed by Dhawal Dalal & DSPBRMIPF managed by Vinit Sambre, hence the SIP performances of other schemes managed by Dhawal Dalal and DSPBRMIPF are not 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 35 - 43.

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 guaranteeing or promisingorforecastinganyreturns.SIPdoesnotassureaprofitorguaranteeprotectionagainstalossinadecliningmarket.

DSP BlackRock Focus 25 Fund (DSPBRF25F) - RP - Growth


Total Amount Invested (Rs’000) 670.00 -- -- -- -- 600.00 360.00 120.00

Scheme Market Value (Rs’000) 991.97 -- -- -- -- 881.90 471.16 115.97

Benchmark1 Market Value (Rs’000) 897.90 -- -- -- -- 798.29 426.95 116.13

Standard Bechmark2 Market Value (Rs’000) 864.40 -- -- -- -- 765.21 409.01 114.47

Scheme Return Yield (%) 13.97 -- -- -- -- 15.40 18.29 (6.17)

Benchmark1 Return Yield (%) 10.40 -- -- -- -- 11.37 11.40 (5.92)

Standard Bechmark2 Return Yield(%) 9.04 -- -- -- -- 9.67 8.47 (8.43)

1S&P BSE 200; 2Nifty 50 Index; *Inception date : 10-Jun-2010. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 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



Scheme Market Value (Rs’000) 3,378.77 -- -- -- 3,101.44 1,395.59 694.29 131.62



Scheme Return Yield (%) 26.63 -- -- -- 28.44 34.55 47.70 18.43

Benchmark1 Return Yield (%) 11.22 -- -- -- 12.36 17.48 26.95 9.08


1S&P BSE SMALL CAP; 2Nifty 50 Index; *Inception date : 14-Jun-2007. All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 31 December 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

46

DSP BlackRock Banking & PSU Debt Fund (Regular Plan)

Record Date

Dividend per Unit (`)

NAv (`)Individuals/HUF Others

Face value

Monthly Dividend Option (during the last 3 months)

28-Jan-16 0.061320 0.056812 10 10.2449

28-Dec-15 0.020729 0.019205 10 10.1887

27-Nov-15 0.026074 0.024157 10 10.1961

Dividend Option (during the last 3 years)

27-Mar-15 0.426373 0.395403 10 10.7474

26-Sep-14 0.142996 0.136951 10 10.3435

27-Jun-14 0.225287 0.215762 10 10.4491

28-Mar-14 0.168011 0.160908 10 10.3756

Quarterly Dividend (during the last 3 quarters)

28-Dec-15 0.151170 0.140056 10 10.3693

26-Jun-15 0.118524 0.109810 10 10.3241

27-Mar-15 0.187345 0.173738 10 10.4181

DSP BlackRock Banking & PSU Debt Fund (Direct Plan)


28-Jan-16 0.063920 0.059221 10 10.2485

28-Dec-15 0.022607 0.020945 10 10.1913

27-Nov-15 0.028168 0.026097 10 10.1990


27-Mar-15 0.440091 0.408125 10 10.7663

26-Sep-14 0.150010 0.143667 10 10.3525

27-Jun-14 0.232457 0.222629 10 10.4583

28-Mar-14 0.176271 0.168819 10 10.3862


28-Dec-15 0.157743 0.146145 10 10.3784

26-Jun-15 0.125096 0.115899 10 10.3332

27-Mar-15 0.193878 0.179796 10 10.4271

DSP BlackRock Bond Fund (Regular Plan)

Record DateDividend per Unit (`)

NAv (`)Individuals/HUF Others Face value

Monthly Dividend Option (during the last quarter)

28-Oct-15 0.054387 0.050388 10 11.0436

28-Aug-15 0.090355 0.083712 10 11.0225

27-May-15 0.012929 0.011978 10 10.8827


27-Mar-15 0.667505 0.619020 10 11.4652

26-Sep-14 0.159517 0.152773 10 10.7301

27-Jun-14 0.291448 0.279125 10 10.9063

28-Mar-14 0.138009 0.132174 10 10.6888

27-Dec-13 0.362115 0.308530 10 11.4141

28-May-13 0.381123 0.324726 10 11.4358

28-Mar-13 0.229410 0.195462 10 11.2569


27-Mar-15 0.667505 0.619020 10 11.4642

DSP BlackRock Bond Fund (Direct Plan)


28-Oct-15 0.058865 0.054537 10 11.1378

28-Aug-15 0.103862 0.096226 10 11.1269

27-May-15 0.016901 0.015658 10 10.9733


27-Mar-15 0.698209 0.647494 10 11.5819

26-Sep-14 0.172687 0.165385 10 10.8261

27-Jun-14 0.305396 0.292485 10 11.0011

28-Mar-14 0.150945 0.144563 10 10.7795

27-Dec-13 0.123514 0.118292 10 10.7567

28-May-13 0.374028 0.318681 10 11.4358


27-Mar-15 0.698209 0.647494 10 11.5879

DSP BlackRock Income Opportunities Fund (Regular Plan)




28-Jan-16 0.037919 0.035131 10 10.4795

28-Dec-15 0.027879 0.025830 10 10.4505

27-Nov-15 0.038569 0.035733 10 10.4507


27-Mar-15 0.425792 0.394865 10 11.640526-Sep-14 0.130372 0.124860 10 11.177527-Jun-14 0.242042 0.231808 10 11.300928-Mar-14 0.169180 0.162027 10 11.154127-Dec-13 0.213131 0.204120 10 11.192427-Sep-13 0.059303 0.056795 10 10.983528-May-13 0.208475 0.177625 10 11.132528-Mar-13 0.164853 0.140458 10 11.0715


28-Dec-15 0.150231 0.139186 10 10.6099

26-Jun-15 0.133330 0.123528 10 10.5380

27-Mar-15 0.172 610 0.160073 10 10.5551

DSP BlackRock Income Opportunities Fund (Direct Plan)


28-Jan-16 0.041602 0.038544 10 10.5020

28-Dec-15 0.030263 0.028038 10 10.4704

27-Nov-15 0.041530 0.038477 10 10.4707


27-Mar-15 0.446479 0.414049 10 11.689826-Sep-14 0.140113 0.134189 10 11.209027-Jun-14 0.251861 0.241212 10 11.330728-Mar-14 0.178609 0.171058 10 11.182127-Dec-13 0.223027 0.213598 10 11.218527-Sep-13 0.073875 0.070752 10 10.9948


28-Dec-15 0.159404 0.147684 10 10.648326-Jun-15 0.141925 0.131491 10 10.572827-Mar-15 0.181321 0.168151 10 10.5882

DSP BlackRock Treasury Bill Fund (Regular Plan)




28-Jan-16 0.039436 0.036536 10 10.5518

28-Dec-15 0.027663 0.025629 10 10.5230

27-Nov-15 0.035174 0.032588 10 10.5264


27-Mar-15 0.311105 0.288508 10 11.9858

26-Sep-14 0.152893 0.146429 10 11.7252

27-Jun-14 0.159751 0.152996 10 11.7090

28-Mar-14 0.149698 0.143369 10 11.6593

27-Dec-13 0.175414 0.167998 10 11.6689

27-Sep-13 0.356673 0.341593 10 11.8936

28-May-13 0.126574 0.107844 10 11.5505

28-Mar-13 0.164590 0.140234 10 11.5926


27-Mar-15 0.311105 0.288508 10 11.9858

DSP BlackRock Treasury Bill Fund (Direct Plan)


28-Jan-16 0.041025 0.038009 10 10.5718

28-Dec-15 0.028818 0.026700 10 10.5419

27-Nov-15 0.036691 0.033994 10 10.5455


27-Mar-15 0.321848 0.298471 10 12.0760

26-Sep-14 0.158114 0.151429 10 11.7465

27-Jun-14 0.164816 0.157848 10 11.7290

28-Mar-14 0.154841 0.148295 10 11.6783

27-Dec-13 0.180791 0.173147 10 11.6873

27-Sep-13 0.364076 0.348683 10 11.8852

28-May-13 0.119216 0.101575 10 11.5526


27-Mar-15 0.321848 0.298471 10 12.0160

DSP BlackRock MIP Fund# (Regular Plan)




28-Jan-16 0.060000 0.055589 10 11.663328-Dec-15 0.060000 0.055589 10 11.936027-Nov-15 0.060000 0.055589 10 12.0053


28-Dec-15 0.180000 0.166766 10 13.067426-Jun-15 0.180000 0.166766 10 13.183927-Mar-15 0.180000 0.166926 10 13.5015

DSP BlackRock MIP Fund# (Direct Plan)


28-Jan-16 0.060000 0.055589 10 12.112728-Dec-15 0.060000 0.055589 10 12.381727-Nov-15 0.060000 0.055589 10 12.4428


28-Dec-15 0.180000 0.166766 10 13.326726-Jun-15 0.180000 0.166766 10 13.395327-Mar-15 0.180000 0.166926 10 13.6946

DSP BlackRock Government Securities Fund (Regular Plan)




28-Jan-16 0.027446 0.025428 10 10.596828-Oct-15 0.046658 0.043228 10 10.632928-Aug-15 0.081905 0.075883 10 10.6130


26-Sep-14 0.061017 0.058437 10 11.726328-May-13 0.572079 0.487424 10 12.327828-Mar-13 0.268565 0.228823 10 11.979028-Dec-12 0.192743 0.165201 10 11.851528-Sep-12 0.218466 0.187248 10 11.803528-Jun-12 0.113 109 0.096946 10 11.645328-Mar-12 0.232900 0.199600 10 11.7468


27-Mar-15 0.852382 0.790469 10 12.8043

DSP BlackRock Government Securities Fund (Direct Plan)


28-Jan-16 0.032357 0.029979 10 10.625428-Oct-15 0.048247 0.044700 10 10.656928-Aug-15 0.091367 0.084649 10 10.6469


26-Sep-14 0.091097 0.087245 10 11.835128-May-13 0.546677 0.465781 10 12.3690


27-Mar-15 0.868641 0.805548 10 12.8976

DSP BlackRock Strategic Bond Fund (Institutional Plan)



Face value


28-Jan-16 0.580990 0.538276 1000 1035.432205-Nov-15 0.220435 0.204229 1000 1036.192305-Oct-15 15.651699 14.500985 1000 1058.081605-Aug-15 3.240875 3.002606 1000 1038.9430


26-Sep-14 14.656536 14.036868 10000 1044.236127-Jun-14 29.922618 28.657512 1000 1064.340828-Mar-14 15.868537 15.197627 1000 1044.178527-Dec-13 10.254588 9.821031 1000 1037.772528-May-13 35.884463 30.574371 1000 1080.834928-Mar-13 19.884288 16.941861 1000 1061.808728-Dec-12 16.484578 14.129035 1000 1054.233728-Sep-12 21.111578 18.094756 1000 1055.155128-Jun-12 19.867731 17.028653 1000 1050.443228-Mar-12 16.19935 13.88448 1000 1043.3491

DSP BlackRock Strategic Bond Fund (Direct Plan)


28-Jan-16 0.748700 0.693655 1000 1050.205005-Nov-15 0.433937 0.402034 1000 1051.016205-Oct-15 16.071119 14.889568 1000 1073.188005-Aug-15 3.489623 3.233066 1000 1053.7243


26-Sep-14 15.602883 14.943205 1000 1067.622727-Jun-14 31.186207 29.867677 1000 1088.116628-Mar-14 16.924528 16.208971 1000 1057.519127-Dec-13 11.107423 10.637809 1000 1060.758228-May-13 22.657440 19.304650 1000 1080.0938

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.

Dividend History

47

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.

DSP BlackRock Tax Saver Fund (Regular Plan)

Record Date Dividend per Unit (`) Face value NAv (`)20-Nov-15 0.45 10 15.026

21-Aug-15 0.50 10 16.373

15-May-15 0.45 10 15.297

13-Feb-15 1.90 10 18.123

14-Feb-14 1.25 10 12.2340

DSP BlackRock World Gold Fund (Regular Plan)

Record DateDividend per Unit (`) Face

valueNAv (`)

Individuals/HUF Others19-Nov-10 0.878421 0.818699 10 16.218410-Jul-09 1.313917 1.222893 10 11.8014

DSP BlackRock Small and Mid Cap Fund (Regular Plan)

Record Date Dividend per Unit (`) Face value NAv (`)27-Mar-15 2.30 10 23.18907-Mar-14 1.40 10 14.05025-Jan-13 1.50 10 15.313023-Mar-12 1.00 10 14.1400

DSP BlackRock Opportunities Fund (Regular Plan)

Record Date Dividend per Unit (`) Face value NAv (`)22-Jan-16 2.50 10 25.07016-Jan-15 4.50 10 29.12321-Mar-13 4.00 10 24.277015-Jun-12 2.50 10 23.975011-Feb-11 2.00 10 28.29726-Feb-10 3.00 10 27.829

DSP BlackRock Opportunities Fund (Direct Plan)22-Jan-16 2.50 10 40.982

DSP BlackRock Balanced Fund (Regular Plan)

Record Date Dividend per Unit (`) Face value NAv (`)22-Jan-16 0.75 10 23.49116-Oct-15 0.75 10 24.92317-Jul-15 0.75 10 25.83517-Apr-15 0.80 10 26.86220-Feb-15 3.55 10 29.48314-Mar-14 2.20 10 22.208014-Dec-12 0.50 10 22.396016-Mar-12 1.00 10 21.533011-Mar-11 2.00 10 22.771

DSP BlackRock Balanced Fund (Direct Plan)22-Jan-16 0.75 10 30.82916-Oct-15 0.75 10 32.403

DSP BlackRock Equity Fund (Regular Plan)

Record Date Dividend per Unit (`) Face value NAv (`)13-Mar-15 6.80 10 68.701

21-Feb-14 4.25 10 43.0800

26-Apr-13 4.25 10 46.4970

21-Dec-12 0.50 10 50.2250

16-Mar-12 1.10 10 46.8930

4-Feb-11 3.50 10 49.7970

19-Mar-10 6.50 10 52.112

20-Nov-09 3.00 10 53.082DSP BlackRock Equity Fund (Direct Plan)

13-Mar-15 8.50 10 84.586

DSP BlackRock Top 100 Equity Fund (Regular Plan)

Record Date Dividend per Unit (`) Face value NAv (`)29-Jan-16 2.20 10 20.33830-Jan-15 2.75 10 26.94928-Feb-14 1.90 10 19.482012-Apr-13 1.70 10 19.854018-Jan-13 0.50 10 22.736006-Mar-12 1.10 10 20.943003-Sep-10 1.25 10 21.99124-Jul-09 2.00 10 19.339

DSP BlackRock Top 100 Equity Fund (Direct Plan)29-Jan-16 2.40 10 21.88130-Jan-15 2.90 10 28.77928-Feb-14 0.90 10 19.610012-Apr-13 1.70 10 19.8850

DSP BlackRock Short Term Fund (Regular Plan)




28-Jan-16 0.049331 0.045704 10 11.2886

28-Dec-15 0.021018 0.019473 10 11.2367

27-Nov-15 0.031635 0.029309 10 11.2492


27-Mar-15 0.413162 0.383152 10 11.9120

26-Sep-14 0.153984 0.147474 10 11.4974

27-Jun-14 0.210325 0.201433 10 11.5435

28-Mar-14 0.172375 0.165087 10 11.4419

27-Dec-13 0.198792 0.190387 10 11.4553

27-Sep-13 0.041301 0.039555 10 11.2429

28-May-13 0.219249 0.186805 10 11.4207

28-Mar-13 0.164240 0.139936 10 11.3458


27-Mar-15 0.413162 0.383152 10 11.9120

DSP BlackRock Short Term Fund (Direct Plan)


28-Jan-16 0.054170 0.050187 10 11.3239

28-Dec-15 0.024629 0.022818 10 11.2690

27-Nov-15 0.036041 0.033391 10 11.2817


27-Mar-15 0.377885 0.350437 10 11.7032

26-Sep-14 0.069277 0.066348 10 11.4532

27-Jun-14 0.238067 0.228002 10 11.6642

28-Mar-14 0.031405 0.030077 10 11.2752

27-Dec-13 0.208845 0.200015 10 11.4806

27-Sep-13 0.054861 0.052541 10 11.2435


27-Mar-15 0.377885 0.350437 10 11.7032

DSP BlackRock Dynamic Asset Allocation Fund (Regular Plan)

Record Date



Face value


28-Oct-15 0.065000 0.060221 10 10.2378

28-Aug-15 0.065000 0.060221 10 10.1123

28-Jul-15 0.043336 0.040150 10 10.1234

DSP BlackRock Dynamic Asset Allocation Fund (Direct Plan)


28-Dec-15 0.065000 0.060221 10 10.2307

28-Oct-15 0.065000 0.060221 10 10.4057

28-Aug-15 0.065000 0.060221 10 10.2634

DSP BlackRock Money Manager Fund (Regular Plan)

Record Date



Face value


28-Jan-16 3.305807 3.062764 1000 1037.1965

28-Dec-15 2.645079 2.450612 1000 1035.1217

27-Nov-15 3.798897 3.519602 1000 1035.9893


27-Mar-15 30.963979 28.714916 1000 1052.6581

18-Sep-14 129.739645 124.254347 1000 1176.4884

DSP BlackRock Money Manager Fund (Direct Plan)


28-Jan-16 3.650688 3.382289 1000 1039.7231

28-Dec-15 2.908778 2.694924 1000 1037.4404

27-Nov-15 4.121100 3.818116 1000 1038.3247


27-Mar-15 33.087930 30.684594 1000 1055.5842

18-Sep-14 137.799883 131.973804 1000 1186.8317

DSP BlackRock Constant Maturity 10Y G-Sec Fund (Regular Plan)

Record Date



Face value


28-Jan-16 0.063704 0.059020 10 10.4103

28-Dec-15 0.022101 0.020476 10 10.3603

28-Oct-15 0.057998 0.053734 10 10.4136


27-Mar-15 0.434067 0.402538 10 10.8980


28-Dec-15 0.111012 0.102851 10 10.4537

27-Mar-15 0.248681 0.230618 10 10.6426

DSP BlackRock Constant Maturity 10Y G-Sec Fund (Direct Plan)


28-Jan-16 0.065293 0.060492 10 10.4110

28-Dec-15 0.024846 0.023019 10 10.3619

28-Oct-15 0.059442 0.055072 10 10.4132


27-Mar-15 0.443430 0.411222 10 10.9109


28-Dec-15 0.114696 0.106263 10 10.4588

27-Mar-15 0.199685 0.185181 10 10.5751

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

Record Date Dividend per Unit (`) Face value NAv (`)27-Feb-15 2.10 10 21.070

14-Mar-14 1.30 10 13.3790

10-May-13 1.00 10 15.0480

04-Jan-13 0.50 10 17.0840

09-Mar-12 1.00 10 15.8060

09-Sep-10 1.25 10 21.0350

19-Jun-09 2.00 10 17.2990

22-Feb-08 5.00 10 26.9650

DSP BlackRock Focus 25 Fund (Regular Plan)

Record Date Dividend per Unit (`) Face value NAv (`)15-Jan-16 2.30 10 14.643

DSP BlackRock World Energy Fund (Regular Plan)


valueNAv (`)

Individuals/HUF Others20-Mar-15 0.871037 0.807769 10 12.1164

DSP BlackRock World Energy Fund (Direct Plan)20-Mar-15 0.943623 0.875083 10 12.8706

DSP BlackRock World Agriculture Fund (Regular Plan)


valueNAv (`)


DSP BlackRock World Agriculture Fund (Direct Plan)20-Mar-15 0.616984 0.572170 10 14.7802

DSP BlackRock US Flexible Equity Fund (Regular Plan)


valueNAv (`)


DSP BlackRock Ultra Short Term Fund (Regular Plan)

Record Date



Face value


28-Jan-16 0.035897 0.033257 10 10.2019

28-Dec-15 0.027446 0.025428 10 10.1772

DSP BlackRock Ultra Short Term Fund (Direct Plan)


28-Jan-16 0.041458 0.038410 10 11.2803

28-Dec-15 0.031996 0.029644 10 11.2521

Dividend History

DSP BlackRock Natural Resources and New Energy Fund (Regular Plan)

Record Date Dividend per Unit (`) Face value NAv (`)08-Jan-16 1.30 10 13.22209-Jan-15 1.55 10 15.07928-Dec-12 0.50 10 11.374023-Mar-12 0.50 10 11.788025-Mar-11 1.50 10 14.1130

DSP BlackRock Natural Resources and New Energy Fund (Direct Plan)08-Jan-16 1.30 10 13.40809-Jan-15 1.57 10 15.223

48

HOW TO READ A FACTSHEET

Fund ManagerAn employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.

Application Amount for Fresh SubscriptionThis is the minimum investment amount for a new investor in a mutual fund scheme.

Minimum Additional AmountThis is the minimum investment amount for an existing investor in a mutual fund scheme.

Yield to MaturityThe Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond’s current market price, par value, coupon interest rate and time to maturity.

SIP SIPorsystematicinvestmentplanworksontheprincipleofmakingperiodicinvestmentsofafixedsum.Itworkssimilartoarecurring bank deposit. For instance, an investor may opt for an SIP that invests Rs 500 every 15th of the month in an equity fund for a period of three years.

NAv The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund.

BenchmarkA group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10-Year Gsec.

Entry LoadA mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent.

Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is Rs. 100 and the entry load is 1%, the investor will enter the fund at Rs 101.Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor

directly to the distributor, based on his assessment of various factors including the service rendered by the distributors.

Exit LoadExit load is charged at the time an investor redeems the units of a mutual fund. The entry load is added to the prevailing NAV at the time of redemption. For instance, if the NAV is Rs 100 and the exit load is 1%, the investor will redeem the fund at Rs 99.

49

Modified DurationModifieddurationisthepricesensitivityandthepercentagechangeinpriceforaunitchangeinyield.

Standard DeviationStandard deviation is a statistical measure of the range of an investment’s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.

Sharpe RatioThe Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk.

BetaBeta is a measure of an investment’s volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security’s price will be more volatile than the market.

AUMAUM or assets under management refers to the recent / updated cumulative market value of investments managedbyamutualfundoranyinvestmentfirm.

HoldingsThe holdings or the portfolio is a mutual fund’s latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager.

Nature of SchemeThe investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories.

Rating ProfileMutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of themutualfundinvariousinvestmentsbasedontheirratingsbecomestheratingprofileofthefund.Typically,this is a feature of debt funds.

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

HEAD OFFICE - Mumbai: Mafatlal Centre, 10th Floor, Nariman Point, Mumbai - 400021. Ahmedabad: 3rdEyeOne,OfficeNo.301,3rdFloor,OppositeHavmorRestaurant,C.GRoad,Panchavati,Ahmedabad-380006.Agra: ShantaTower,OfficeNo.12,1stFloor,BlockNo.E-14,16SanjayPlace,Agra–282003.Bengaluru: HMGenevaHouse,OfficeNo.104A-107,1stFloor,PlotNo.14,CunninghamRoad,Bengaluru-560052.Bhopal: StarArcade,OfficeNo.302,3rdFloor,PlotNo.165Aand166,Zone-1,M.PNagar,Bhopal-462011.Bhubaneswar: LotusHouse,OfficeNo.3,2ndFloor,108/A,KharvelNagar,UnitIII,MasterCanteenSquare,Bhubaneswar-751001.Chandigarh: 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,OfficeNo.G12/A,GroundFloor,(No.24-A)(NewNo.112/28,RavindranathTagoreMarg),NewCanttRoad,Hathibarhkala,Dehradun–248001.Goa: Mathias Plaza, 4th Floor, 18th June Road, Panjim, Goa - 403001. Guwahati: MayurGardens,OfficeNo.5,UpperGroundFloor,G.SRoad,NearABCBusStop,Guwahati-781005.Hyderabad: RVRTowers,OfficeNo1-B,1stFloor,DoorNo.6-3-1089/F,RajbhavanRoad,Somajiguda,Hyderabad–500082Hubli: SonaChambers,SouthWing,OfficeNo.3,GroundFloor,ClubRoad,Hubli-580020.Indore: StarlitTower,OfficeNo.206,2ndFloor,29/1,Y.NRoad,Opp.S.B.I,Indore-452001.jaipur: GreenHouse,OfficeNo.201to204,2ndFloor,O-15AshokMarg,AboveAxisBank,C-Scheme,Jaipur-302001.jamshedpur: ShantiNiketan, 2nd Floor, Main Road, P.O Bistupur, Jamshedpur - 831001. jodhpur: KeshavBhawan,OfficeNo.2,GroundFloor,ChopasniRoad,NearHDFCBank,Jodhpur-342003.Kanpur: KANChambers,OfficeNo.701-703,7thFloor,14/113,CivilLines,Kanpur-208001.Kochi: AmrithaaTowers,OfficeNo.40/1045H1,6thFloor,Opp.MaharajasCollegeGround,M.GRoad,Kochi-682011.Kolkata: Shagun Mall Building, 4th Floor, 10-A, Shakespeare Sarani, Kolkata - 700071. Lucknow: Speed Motors Building, 3rd Floor, 3 Shanazaf Road, Hazratganj, Lucknow - 226001. Ludhiana: SCO-29, 1st Floor, Feroze Gandhi Market, Pakhowal Road, Ludhiana - 141001. Mangalore: MaximusCommercialComplex,OfficeNo.UGI-5,UpperGroundFloor,LightHouseHillRoad,Opp.KMC,Mangalore-575001.Mumbai: Natraj,OfficeNo.302,3rdFloor,PlotNo–194,MVRoadJunction,WesternExpressHighway,Andheri(East),Mumbai–400069.Nagpur: Milestone,OfficeNo.108&109,1stFloor,Ramdaspeth,WardhaRoad,Nagpur-440010.Nasik: Bedmutha’sNavkarHeights,OfficeNo1&2,3rdFloor,NewPanditColony,SharanpurRoad,Nasik-422002.New Delhi: Dr. Gopal Das Bhavan, Upper Ground Floor, 28 Barakhamba Road, New Delhi - 110001. Patna: Dumraon Place, L309 & L310, Third Floor, Frazer Road, Patna - 800001. Pune: City Mall, Unit No. 109 - (A,B,C), 1st Floor, University Square, University Road, Pune - 411007. Raipur: RahejaTowers,OfficeNoSF18,2ndFloor,NearHotelCelebration,Fafadih,Raipur–492001.Rajkot: HemArcade,OfficeNo.303,3rdFloor,OppositeSwamiVivekanandStatue,Dr.YagnikRoad,Rajkot-360001.Ranchi: Shrilok Complex, No. 106 & 109, 1st Floor, Plot No - 1999 & 2000, 4 Hazaribagh Road, Ranchi - 834001. Surat: InternationalTradeCentre,OfficeNo.G-28,GroundFloor,MajuraGateCrossing,RingRoad,Surat-395002.Trivandrum: Menathotam Chambers, TC-2442(7), 2nd Floor, Pattom PO, Thiruvananthapuram - 695004. vadodara: NamanHouse,1/2-BHaribhaktiColony,GroundFloor,Opp.RaceCoursePostOffice,NearBirdCircle,RaceCourse,Vadodara-390007.vapi: BhikajiRegency,OfficeNo.3,1stFloor,OppositeDCBBank.Vapi-SilvasaRoad,Vapi-396195.varanasi: Arihant Complex, D-64/127 C-H, 7th Floor, Sigra, Varanasi – 221010.visakhapatnam: VRCcomplex,OfficeNo304B,47-15-14/15,RajajeeNagar,DwarakaNagar,Visakhapatnam–530016.

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

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

The list of POS of MFUI is published on the website of the Fund at www.dspblackrock.com and MFUI at www.mfuindia.com and will be updated from time to time.

• Agra• Ahmedabad• Ahmednagar • Ajmer• Akola• Aligarh• Allahabad• Alleppey• Alwar• Amaravati• Ambala• Amritsar• Anand• Anantapur • Ankleshwar- Bharuch • Asansol• Aurangabad• Bagalkot • Balasore• Bareilly• Basti• Belgaum• Berhampur• Bhagalpur• Bharuch • Bhatinda• Bhavnagar• Bhilai• Bhilwara• Bhiwani • Bhubaneswar• Bhuj - Kutch

• Bhusawal• Bikaner• Bilaspur• Bokaro • Burdwan• Calicut• Chandigarh• Chennai• Chhindwara• Cochin• Cuttack• Darbhanga• Dehradun• Deoghar• Devengere• Dhanbad• Dhule• Durgapur• Eluru• Erode• Faizabad• Faridabad• Firozabad• Gandhidham• Gaziabad• Goa• Gondal• Gorakhpur• Gulbarga• Guntur• Gurgaon• Guwahati

• Gwalior• Haldia• Haldwani • Hazaribagh• Himmatnagar • Hisar• Hoshiarpur• Hosur• Hubli• Indore• Jabalpur• Jaipur• Jalandhar• Jalgaon• Jalna• Jammu• Jamnagar• Jamshedpur• Jaunpur • Jhansi• Jodhpur• Junagadh• Kadapa• Kakinada• Kalyani• Kanchipuram• Kannur• Karimnagar • Karnal • Karur • Katni• Khammam

• Kharagpur• Kolhapur• Kolkata• Kollam• Kota• Kottayam• Kumbakonam• Kurnool • Lucknow• Ludhiana• Madurai• Malda• Manipal• Mapusa• Margao• Mathura• Meerut • Mehsana• Moga• Moradabad• Mumbai• Muzaffarpur• Mysore• Nagpur• Namakkal• Nandyal• Nasik• Navasari• Nellore• New Delhi • Noida• Ongole

• Palakkad• Palanpur• Panipat• Pathankot• Patiala• Patna• Pondicherry• Pune• Rae Bareli • Raipur• Rajahmundry• Rajkot• Ranchi• Ratlam• Ratnagiri• Rohtak• Roorkee• Ropar • Rourkela• Sagar• Saharanpur• Salem• Sambalpur• Sangli• Satara• Secunderabad• Shahjahanpur• Shimla • Shimoga• Siliguri• Sirsa • Sitapur

• Solan • Solapur• Sonepat• Sri Ganganagar • Srikakulam• Sultanpur • Surat• Surendranagar• Tanjore• Thane • Thiruppur• Thiruvalla• Tinsukia• Tirunelveli• Tirupathi• Trichy• Trivandrum• Tuticorin• Udaipur• Ujjain • Unjha • Vadodara • Valsad• Vapi• Varanasi• Vasco• Vellore• Vijayawada• Yamuna Nagar

CAMS Investor Service Centres and Transaction Pointsvisit www.camsonline.com for addresses

Point of Services (“POS”) of MF Utilities India Pvt. Ltd. (“MFUI”)

Sum

mar

y: K

ey F

eatu

res

of t

he s

chem

es (

as o

n ja

nuar

y 31

, 20

16)

51

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

dow

n de

pend

ing

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

stm

ents

are

sub

ject

to m

arke

t ris

ks, r

ead

all s

chem

e re

late

d do

cum

ents

car

eful

ly.

RP: R

egul

ar P

lan,

IP: I

nstit

utio

nal P

lan,

DP:

Dire

ct P

lan.

^Re

dem

ptio

ns in

DSP

BRTS

F ar

e su

bjec

t to

a lo

ck-in

per

iod

of 3

yea

rs fr

om d

ate

of a

llotm

ent.

SIP

is a

vaila

ble

in a

ll th

e Pl

ans

men

tione

d ab

ove

exce

pt fo

r Pl

ans

unde

r DS

PBRL

F. S

WP/

STP

is av

aila

ble

in e

ach

plan

of a

ll sc

hem

es. M

inim

um in

stal

lmen

t fo

r SI

P/SW

P/ST

P (a

ll sc

hem

es)

: Rs

. 50

0/-.

Min

imum

num

ber

of in

stal

lmen

t fo

r SI

P (a

ll sc

hem

es e

xcep

t DS

PBRT

SF)

: 12

. M

inim

um n

umbe

r of

inst

allm

ent

for

SIP

(DSP

BRTS

F) :

6.

# Mon

thly

inco

me

is no

t as

sure

d an

d is

subj

ect

to a

vaila

bilit

y of

dist

ribut

able

sur

plus

. *T

he t

erm

“Fl

exib

le”

in t

he n

ame

of

theSche

mesig

nifie

sthatthe

Investmen

tMan

ageroftheUn

derly

ingFu

ndcan

investeith

erin

growthorvalueinvestmen

tcharacteris

ticsecuritiesplacinganem

phasisasthe

marke

tou

tlookw

arrants.In

vestorsarerequ

estedtonotethatnofreshpu

rcha

se/a

ddition

alpurchase/

switc

hins/ST

P-insshall

be a

ccep

ted

in t

he In

stitu

tiona

l Pl

an (

‘Disc

ontin

ued

plan

’) u

nder

DSP

BREF

, DS

PBRT

EF,

DSPB

ROF,

DSP

BRIT

F, D

SPBR

TF,

DSPB

RSM

F, D

SPBR

MCF

, DS

PBRN

RNEF

, DS

PBRW

GF,

DSPB

RWEF

, DS

PBRW

MF,

DSP

BRIO

F an

d DS

PBRM

MF

and

Regu

lar

Plan

(‘D

iscon

tinue

d pl

an’)

und

er D

SPBR

LF a

nd D

SPBR

SBF.

How

ever

, th

e re

dem

ptio

n/sw

itch

out/

Syst

emat

ic W

ithdr

awal

Pla

n (‘

SWP’

)/ S

yste

mat

ic T

rans

fer

Plan

(‘ST

P’) -

out

und

er D

iscon

tinue

d pl

an w

ill b

e pr

oces

sed.

Inve

stor

s in

disc

ontin

ued

plan

are

req

uest

ed t

o re

fer

notic

e da

ted

28/0

9/20

12 a

nd 2

5/10

/201

2 fo

r de

tails

abo

ut d

iscon

tinue

d pl

an. F

or C

urre

nt E

xpen

se r

atio

de

tails

of a

ll th

e Sc

hem

es, I

nves

tors

are

requ

este

d to

visi

t w

ww.

dspb

lack

rock

.com

, With

eff

ect

from

Jan

uary

1, 2

013,

Dire

ct P

lan

has

been

intr

oduc

ed in

all

the

Sche

mes

of D

SP B

lack

Rock

Mut

ual F

und.

Dire

ct P

lan

is a

sepa

rate

pla

n fo

r dire

ct in

vest

men

ts i.

e. in

vest

men

ts n

ot ro

uted

thr

ough

a d

istrib

utor

. No

te: I

nves

tors

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 t

rans

actio

n.% T

he e

xit

load

of

the

Sche

me

has

been

cha

nged

on

pros

pect

ive

basis

for

inve

stm

ents

mad

e on

or

afte

r Ja

nuar

y 20

, 20

16.

Inve

stor

s ar

e re

ques

ted

to r

ead

the

rele

vant

not

ice

and

adde

nda

to t

he S

ID a

nd K

IM a

vaila

ble

at w

ww.

dspb

lack

rock

.com

for

fur

ther

det

ails.

~If

the

units

re

deem

ed o

r sw

itche

d ou

t are

upt

o 10

% of

the

units

(the

lim

it) p

urch

ased

or s

witc

hed:

Nil.

Inve

stor

s are

requ

este

d to

read

the

rele

vant

not

ice

and

adde

nda

to th

e SI

D an

d KI

M a

vaila

ble

at w

ww.

dspb

lack

rock

.com

for f

urth

er d

etai

ls.

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.

Inve

stor

s are

requ

este

d to

visi

t the

web

site

of D

SP B

lack

Rock

Mut

ual F

und

(‘the

Fun

d’) a

t ww

w.ds

pbla

ckro

ck.c

om o

r AM

FI’s

web

site

at w

ww.

amfii

ndia

.com

for N

AV a

t eac

h pl

an a

nd o

ptio

n le

vel f

or th

e Sc

hem

es o

f the

Fun

d, w

hich

is u

pdat

ed o

n ea

ch b

usin

ess d

ay.

SCHE

ME N

AME

OPTI

ON\

PLAN

GR

OWTH

DI

vIDE

NDMO

NTHL

Y DI

vIDE

NDQU

ARTE

RLY

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DEND

WEE

KLY

DIvI

DEND

DAILY

DIv

REIN

vEST

PURC

HASE

(`

)EN

TRY

LOAD

ExIT

LOA

DPA

YOUT

REIN

vEST

PAYO

UTRE

INvE

STPA

YOUT

REIN

vEST

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UTRE

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ST

DSP

Blac

kRoc

k Li

quid

ity F

und

(DSP

BRLF

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ü

üü

ü10

00No

t App

licab

leNi

l

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Blac

kRoc

k Mo

ney

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ger F

und

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üü

üü

ü

ü

üü

1000

Not A

pplic

able

Nil

DSP

Blac

kRoc

k Tr

easu

ry B

ill F

und

(DSP

BRTB

F) R

P/DP

üü

üü

ü

ü

1000

Not A

pplic

able

Nil

DSP

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kRoc

k Sh

ort T

erm

Fun

d (D

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STF)

RP/

DPü

üü

üü

ü

10

00No

t App

licab

leHo

ldin

g pe

riod

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mon

ths:

0.2

5%Ho

ldin

g pe

riod

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onth

s: N

il

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kRoc

k Ba

nkin

g &

PSU

Debt

Fun

d (D

SPBR

BPDF

)RP

/DP

üü

üü

üü

üü

üü

1000

Not A

pplic

able

Nil

DSP

Blac

kRoc

k In

com

e Op

port

uniti

es F

und

(DSP

BRIO

F)RP

/DP

üü

üü

üü

üü

üü

1000

Not A

pplic

able

Hold

ing

perio

d<=1

2 m

onth

s: 1

%Ho

ldin

g pe

riod

>12

mon

ths:

Nil

DSP

Blac

kRoc

k St

rate

gic

Bond

Fun

d (D

SPBR

SBF)

IP/D

Pü

üü

üü

üü

ü10

00No

t App

licab

leNi

l

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

Nil

DSP

Blac

kRoc

k Co

nsta

nt M

atur

ity 1

0Y G

-Sec

Fun

d (D

SPBR

CM10

YGF)

RP/

DPü

üü

üü

üü

1000

Not A

pplic

able

Nil

DSP

Blac

kRoc

k MI

P Fu

nd# (

DSPB

RMIP

F)%

RP/

DPü

üü

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 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

Ene

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

< 12

mon

ths:

1%

Hold

ing

Perio

d >=

12

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 <

12 m

onth

s: 1

%Ho

ldin

g Pe

riod

>= 1

2 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

< 12

mon

ths:

1%

Hold

ing

Perio

d >=

12

mon

ths:

Nil

DSP

Blac

kRoc

k Ul

tra

Shor

t Ter

m F

und

(DSP

BRUS

TF)

RP/D

Pü

üü

üü

üü

ü10

00No

t App

licab

leNi

l

*Assuming Tax rate of 34.61% (comprising of 30% income tax, 12% surcharge, 2% education cess and 1% secondary and higher education cess). The above tax exemption is as per Section 80 C of the Income Tax Act, 1961. The tax benefits are as per the current income tax laws and rules.

^Investors should consult their financial advisors if in doubt about whether the product is suitable for them. Investors are advised to consult with their tax advisor before investing.

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

This Open Ended Equity Linked Savings Scheme is suitablefor investors who are seeking^ RISKOMETER

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

YOU STILL HAVE TIME TO SAVE TAX.Since you work so hard to earn your money, shouldn’t you be looking for a smart way to save tax? Which leads to one big question.

Consider Equity Linked Savings Schemes (ELSS), as they give you the dual benefit of tax saving along with the potential to earn capital appreciation.

Tax Savings: Up to Rs 51,912* can be saved in a financial yearShortest lock in period among tax saving instruments: Lock in period of only 3 yearsGrowth potential: High caliber stocks with the potential to outperform

So what do I do with my money?

TAX SAVER FUND

GIVE US A MISSED CALL1800 4191 480

Speak to your investment advisor orvisit dspblackrock.com/tax for more.

january 31, 2016 - dspim.com

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