KEY INFORMATION MEMORANDUM CUM APPLICATION ...

EQUITY FUNDS:DSP Flexi Cap Fund (DSPFCF)DSP Equity Opportunities Fund (DSPEOF)DSP Top 100 Equity Fund (DSPTEF)DSP Mid Cap Fund (DSPMCF)DSP Tax Saver Fund (DSPTSF)DSP Small Cap Fund (DSPSCF)DSP Focus Fund (DSPFF)DSP Arbitrage Fund (DSPAF)DSP Quant Fund (DSPQF)DSP Healthcare Fund (DSPHF)DSP Value Fund (DSPVF)

HYBRID FUNDS:DSP Equity & Bond Fund (DSPEBF)

INCOME FUNDS:DSP Short Term Fund (DSPSTF)DSP Ultra Short Fund (DSPUSF)DSP Low Duration Fund (DSPLDF)DSP Corporate Bond Fund (DSPCBF)DSP Savings Fund (DSPSF)DSP Banking & PSU Debt Fund (DSPBPDF)DSP Overnight Fund (DSPOF)DSP Floater Fund (DSPFloF)

LIQUID/MONEY MARKET FUNDS: DSP Liquidity Fund (DSPLF)

BOOKLET 1

Investment Manager :DSP Investment Managers Private Limited

Offer of Units at NAV based prices

This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the Schemes/Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors’ rights & services, risk factors, penalties & pending litigations, associate transactions etc. investors should, before investment, refer to the relevant Scheme Information Document (SID) and Statement of Additional Information (SAI) available free of cost at any of the Investor Service Centres or distributors or from the website www.dspim.com. The Schemes’ particulars have been prepared in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations 1996, as amended till date, and filed with Securities and Exchange Board of India (SEBI). The Units being offered for public subscription have not been approved or disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of this KIM. This KIM is dated November 29, 2021.

PRODUCT LABELLING & SUITABILITY, RISK-O-METER OF SCHEMES, RISK-O-METER AND NAME OF BENCHMARK AND

POTENTIAL RISK CLASS (‘PRC’) MATRIX FOR DEBT SCHEMES

KEY INFORMATION MEMORANDUMCUM APPLICATION FORM

Sr. No. SCHEME PRODUCT SUITABILITY SCHEME RISKOMETER BENCHMARK NAME BENCHMARK RISKOMETER

1

DSP Flexi Cap FundFlexi Cap Fund - An open ended dynamic equity scheme investing across large cap, mid cap, small cap stocks

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

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

Nifty 500 (TRI)

2

DSP Top 100 Equity FundLarge Cap Fund- An open ended equity scheme predominantly investing in large cap stocks


• Long-term capital growth• Investment in equity and equity-relatedsecurities predominantly of large capcompanies

S&P BSE 100 (TRI)

3

DSP Equity OpportunitiesFundLarge & Mid Cap Fund- An open ended equity scheme investing in both large cap and mid cap stocks


• Long-term capital growth• Investment in equity and equity-relatedsecurities predominantly of large andmidcap companies

Nifty Large Midcap 250 (TRI)

4

DSP India T.I.G.E.R. Fund(The InfrastructureGrowth and Economic Reforms)

An open ended equity scheme following economic reforms and/or Infrastructure development theme

This Scheme is suitable for investors who are seeking*

• Long-term capital growth• Investment in equity and equity-relatedsecurities of corporates, which could

about by continuing liberalization ineconomic policies by the Governmentand/or from continuing Investments ininfrastructure, both by the public andprivate sector

S&P BSE 100 (TRI)

5

DSP Mid Cap FundMid Cap Fund- An open ended equity scheme predominantly investing in mid cap stocks

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

• Long-term capital growth• Investment in equity and equity-relatedsecurities predominantly of mid capcompanies

Nifty Midcap 100 Index (TRI)

6

DSP Tax Saver FundAn open ended equity linked saving scheme with a statutory lock in of 3 years and tax

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

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

Nifty 500 (TRI)

7

DSP Healthcare FundAn open ended equity scheme investing in healthcare and pharmaceutical sector

This open ended equity Scheme is suitable for investors who are seeking*

• Long term capital growth• Investment in equity and equityrelated Securities of healthcare andpharmaceutical companies

S&P BSE HEALTHCARE (TRI)

8

DSP Quant FundAn Open ended equity Scheme investing based on a quant model theme

This open ended equity Scheme is suitable for investors who are seeking*

• Long term capital growth• Investment in active portfolio ofstocks screened, selected, weighed and

fundamental factor model

S&P BSE 200 TRI

9

DSP Value FundAn open ended equity scheme following a value investment strategy


• to generate long-term capitalappreciation / income in the long term• investment primarily in undervaluedstocks

NIFTY 500 TRI

10

DSP Small Cap FundSmall Cap Fund- An open ended equity scheme predominantly investing in small cap stocks


• Long-term capital growth• Investment in equity and equity-relatedsecurities predominantly of small capcompanies (beyond top 250 companies bymarket capitalization)

S&P BSE SmallCap (TRI)


11

DSP Focus FundAn open ended equity scheme investing in maximum 30 stocks. The Scheme shall focus on multi cap stocks.


• Long-term capital growth with exposurelimited to a maximum of 30 stocks from amulti cap investment universe• Investment in equity and equity-relatedsecurities to form a concentrated portfolio

S&P BSE 200 (TRI)

12

DSP Natural Resourcesand New EnergyFundAn open ended equity scheme investing in Natural Resources and Alternative Energy sector


• Long-term capital growth• Investment in equity and equity-relatedsecurities of natural resources companiesin sectors like mining, energy, etc. andcompanies involved in alternative energyand energy technology and also, investment in units of overseas funds which invest insuch companies overseas

35% S&P BSE Oil & Gas Index + 30% S&P BSE Metal

Index + 35% MSCI World

Net Total Return

13

DSP Liquid ETF This open ended Liquid ETF is suitable for investors who are seeking*

• Current income with high degree ofliquidity• Investment in Tri Party REPO, Repo inGovernment Securities, Reverse Repo andsimilar other overnight instruments

NIFTY 1D Rate Index

14

DSP World GoldFundAn open ended fund of fund scheme investing in BlackRock Global Funds – World Gold Fund (BGF – WGF)


• Long-term capital growth• Investment in units of overseas fundswhich invest primarily in equity andequity related securities of gold miningCompanies

FTSE Gold Mine TRI

15

DSP World MiningFundAn open ended fund of fund scheme investing in BlackRock Global Funds – World Mining Fund (BGF – WMF)


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

MSCI ACWI Metals and

(1994) Net Total ReturnIndex

16

DSP World EnergyFundAn open ended fund of fund scheme investing in BlackRock Global Funds – World Energy Fund (BGF – WEF) and BlackRock Global Funds – Sustainable Energy Fund(BGF – SEF)


• Long-term capital growth• Investment in units of overseas fundswhich invest primarily in equity andequity related securities of companies inthe energy and alternative energy sectors

50% MSCI World Energy

Return + 50% MSCI World (Net) – Net & Expressed

in INR

17

DSP WorldAgricultureFundAn open ended fund of fund scheme investing in BlackRock Global Funds – Nutrition Fund

This Open Ended Fund of Funds Scheme is suitable for investors who are seeking*

• Long-term capital growth• Investment in units of overseas fundswhich invest primarily in equity andequity related securities of companies inthe agriculture value chain

MSCI ACWI Net Total Return

18

DSP US Flexible^Equity FundAn open ended fund of fund scheme investing in BlackRock Global Funds – US Flexible Equity Fund

This Open Ended Fund of Funds Scheme (Investing In US Equity Fund) is suitable for investors who are seeking*

• Long-term capital growth• Investment in units of overseas fundswhich invest primarily in equity and equityrelated securities of companies domiciled in,or exercising the predominant part of theireconomic activity in the USA

^The term “Flexible” in the name of the

of the Underlying Fund can invest either in Growth or value investment characteristic securities placing an emphasis as the market outlook warrants.

Russell 1000 TR Index

An open ended scheme investing in Tri Party REPO, Repo in Government Securities, Reverse Repo and similar other overnight instruments. A relatively low interest rate risk and relatively low credit risk.


19

DSP GlobalAllocation FundAn open ended fund of fund scheme investing in BlackRock Global Funds – Global Allocation Fund

This Open Ended Fund of Funds Scheme (Investing In International Fund) is suitable for investors who are seeking*

• Long-term capital growth• Investments in units of overseas fundswhich invest in equity, debt and shortterm securities of issuers around theworld

36% S&P 500 Composite +24% FTSE World (ex-US) +

24% ML US TreasuryCurrent 5 Year + 16% FTSE

Non-USD World GovernmentBond Index

20

DSP Dynamic AssetAllocation FundAn open ended dynamic asset allocation fund

This scheme is suitable for investors who are seeking*

• Long-term capital growth• Investment in equity and equity relatedsecurities including the use of equityderivatives strategies and arbitrageopportunities with balance exposure indebt and money market instruments.

CRISIL Hybrid 35+65-Aggressive Index

21

DSP Equity & Bond FundAn open ended hybrid scheme investing predominantly in equity and equity related instruments

This Open Ended aggressive hybrid scheme is suitable for investors who are seeking*

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

CRISIL Hybrid 35+65-Aggressive Index

22

DSP Equity Savings FundAn open ended scheme investing in equity, arbitrage and debt


• Long term capital growth and income• Investment in equity and equity relatedsecurities including the use of equityderivatives strategies and arbitrageopportunities with balance exposure in debt and money market instruments

30% Nifty 500 TRI + 70%CRISIL Liquid Fund Index

23

DSP Equal Nifty 50 FundAn open ended schemereplicating NIFTY 50 Equal Weight Index

This open ended index linked equity Scheme is suitable for investors who are seeking*

• Long-term capital growth• Returns that are commensurate with the performance of NIFTY 50 Equal WeightIndex, subject to tracking error.

NIFTY 50 Equal WeightIndex TRI

24

DSP Nifty Next 50 Index FundAn open ended scheme replicating / tracking NIFTY NEXT 50 Index

This open ended index linked equity Scheme is suitable for investor who are seeking*

• Long-term capital growth• Returns that are commensurate withthe performance of NIFTY Next 50 Index,subject to tracking error.

Nifty Next 50 TRI

25

DSP Nifty 50 Index FundAn open ended scheme replicating / tracking NIFTY 50 Index

This open ended scheme replicating/tracking NIFTY 50 Index is suitable for investor who are seeking*

• Long-term capital growth• Returns that are commensurate withthe performance of NIFTY 50 Index,subject to tracking error.

NIFTY 50 (TRI)

26

DSP Arbitrage FundAn open ended scheme investing in arbitrage opportunities

This open ended Scheme is suitable for investors who are seeking*

• Income over a short-term investmenthorizon• Investment in arbitrage opportunitiesin the cash & derivatives segment of theequity market

NIFTY 50 Arbitrage Index

27

DSP Regular Savings FundAn open ended hybrid scheme investing predominantly in debt instruments

This Open Ended conservative hybrid scheme is suitable for investors who are seeking*

• Income and capital growth over amedium-term investment horizon• Investment predominantly in debtsecurities, with balance exposure inequity/equity-related securities

CRISIL Hybrid 85+15-Conservative Index


28

DSP Liquidity Fund This Open Ended Income (Liquid) Scheme is suitable for investors who are seeking*

• Income over a short-term investmenthorizon• Investment in money market and debtsecurities, with maturity not exceeding91 days

CRISIL Liquid Fund Index

29

DSP Ultra Short Fund This Scheme is suitable for investors who are seeking*

• Income over a short-term investmenthorizon• Investment in money market and debtsecurities

CRISIL Ultra Short Term Debt Index

30

DSP Floater Fund This product is suitable for investors who are seeking*

• To generate regular Income

exposures)

CRISIL Short Term Gilt Index

31

DSP Savings Fund This Scheme is suitable for investors who are seeking*

• Income over a short-term investmenthorizon• Investment in money market instrumentswith maturity less than or equal to 1 year.

CRISIL Money Market Index

32

DSP GovernmentSecurities Fund

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

• Income over a long-term investmenthorizon• Investment in Central governmentsecurities

Crisil Dynamic Gilt Index

33

DSP Short Term Fund This Scheme is suitable for investors who are seeking*

• Income over a medium-term investmenthorizon• Investment in money market and debtsecurities

CRISIL Short Term Bond Fund Index

34

DSP Banking & PSUDebt Fund


• Income over a short-term investmenthorizon• Investment in money market and debtsecurities issued by banks and public

institutions and Municipal Bonds

Nifty Banking & PSU Debt Index

35

DSP Credit RiskFund


• Income over a medium-term to longterm investment horizon• Investment predominantly in corporatebonds which are AA and below ratedinstruments

CRISIL Short Term Credit Risk Index

36

DSP Strategic BondFund

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

• Income over a medium to long terminvestment horizon• Investment in actively managedportfolio of money market and debtsecurities

CRISIL Composite Bond Fund Index

37

DSP Bond Fund This Scheme is suitable for investors who are seeking*

• Income over a medium-term investmenthorizon• Investment in money market and debtsecurities

CRISIL Medium Term Debt Index

An open ended liquid scheme. A relatively low interest rate risk and moderate credit risk.

An open ended ultra-short term debt scheme investing in debt and money market securities such that the Macaulay duration of the portfolio is between 3 months and 6 months (please refer page no. 21 under the section “Where will the Scheme invest?” of SID for details on Macaulay’s Duration). A relatively low interest rate risk and moderate credit risk.

An open ended debt scheme predominantly investing in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives. A relatively high interest rate risk and relatively low credit risk.

An open ended debt scheme investing in money market instruments. A relatively low interest rate risk and moderate credit risk.

An open ended debt scheme investing in government securities across maturity. A relatively high interest rate risk and relatively low credit risk.

An open ended short term debt scheme investing in debt and money market securities such that the Macaulay duration of the portfolio is between 1 year and 3 years (please refer page no. 19 under the section “Where will the Scheme invest?” for details on Macaulay’s Duration. A moderate interest rate risk and relatively low credit risk.

An open ended debt scheme predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds. A relatively high interest rate risk and relatively low credit risk.

An open ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds). A relatively high interest rate risk and relatively high credit risk.

An open ended dynamic debt scheme investing across duration. A relatively high interest rate risk and moderate credit risk.

An open ended medium term debt scheme investing in debt and money market securities such that the Macaulay duration of the portfolio is between 3 years and 4 years (please refer page no. 33 under the section “Where will the Scheme invest” for details on Macaulay’s Duration). A relatively high interest rate risk and moderate credit risk.

Sr.

No.

SCHEME

PRODUCT SUITABILITY

SCHEME RISKOMETER

BENCHMARK NAME BENCHMARK RISKOMETER

38

DSP Low Duration

Fund An open ended low duration debt scheme

investing in debt and money market

securities such that the Macaulay duration

of the portfolio is between 6 months and

12 months (please refer page no. 20 under

the section “Where will the Scheme

invest” in the SID for details on Macaulay’s

Duration). A relatively low interest rate

risk and moderate credit risk.

This Scheme is suitable for investors who

are seeking*

• Income over a short-term investment

horizon.

• Investments in money market and debt

securities

NIFTY Low Duration Debt

Index

39

DSP 10Y G-Sec Fund

Open ended debt scheme

investing in government securities having a constant

maturity of 10 years. A

relatively high interest rate

risk and relatively low credit

risk.

This Scheme is suitable for investors who

are seeking*

• Income over a long-term investment

horizon

• Investment in Government securities

such that the Macaulay duration of

the portfolio is similar to the 10 Years

benchmark government security

CRISIL 10 Year Gilt Index

40

DSP Corporate Bond

Fund An open ended debt scheme

predominantly investing in AA+

and above rated corporate bonds. A relatively high

interest rate risk and moderate

credit risk.

This open ended debt scheme is suitable

for investors who are seeking*

• Income over a medium-term to long

term investment horizon

• Investment in money market and debt

securities

CRISIL Composite Bond

Fund Index

41

DSP Overnight Fund An Open Ended Debt Scheme

Investing in Overnight

Securities. A relatively low

interest rate risk and

relatively low credit risk.

This open ended debt scheme is suitable

for investor who are seeking*

• reasonable returns with high levels of

safety and convenience of liquidity over

short term

• Investment in debt and money market

instruments having maturity of upto 1

business day

CRISIL Overnight Index

*

Potential Risk Class (‘PRC’) Matrix for debt schemesPursuant to SEBI circular no. SEBI/HO/IMD/IMD-II DOF3/P/CIR/2021/573 dated June 07, 2021 the Potential Risk Class (‘PRC’) Matrix for debt schemes based on Interest Rate Risk and Credit Risk is as follows-.

1. DSP Overnight Fund: Potential Risk Class Matrix: The potential risk class matrix of DSP Overnight Fund based on interest rate risk and credit risk is as follows:

Potential Risk Class

Credit Risk Relatively Low (Class A) Moderate (Class B) Relatively High (Class C)

Interest Rate Risk Relatively Low (Class I) A-I - -Moderate (Class II) - - -Relatively High (Class III) - - -

2. DSP Liquidity Fund: Potential Risk Class Matrix: The potential risk class matrix of DSP Liquidity Fund based on interest rate risk and credit risk is as follows:



Interest Rate Risk Relatively Low (Class I) - B-I -Moderate (Class II) - - -Relatively High (Class III) - - -

3. DSP Ultra Short Fund: Potential Risk Class Matrix: The potential risk class matrix of DSP Ultra Short Fund based on interest rate risk and credit risk is as follows:




4. DSP Low Duration Fund: Potential Risk Class Matrix: The potential risk class matrix of DSP Low Duration Fund based on interest rate risk and credit risk is as follows:




5. DSP Savings Fund: Potential Risk Class Matrix: The potential risk class matrix of DSP Savings Fund based on interest rate risk and credit risk is as follows:




6. DSP Short Term Fund: Potential Risk Class Matrix: The potential risk class matrix of DSP Short Term Fund based on interest rate risk and credit risk is as follows:



Interest Rate Risk Relatively Low (Class I) - - -Moderate (Class II) A-II - -Relatively High (Class III) - - -

7. DSP Banking & PSU Debt Fund: Potential Risk Class Matrix: The potential risk class matrix of DSP Banking & PSU Debt Fund based on interest rate risk and credit risk is as follows:



Interest Rate Risk Relatively Low (Class I) - - -Moderate (Class II) - - -Relatively High (Class III) A-III - -

8. DSP Credit Risk Fund:Potential Risk Class Matrix: The potential risk class matrix of DSP Credit Risk Fund based on interest rate risk and credit risk is as follows:



Interest Rate Risk Relatively Low (Class I) - - -Moderate (Class II) - - -Relatively High (Class III) - - C-III

9. DSP Floater Fund:Potential Risk Class Matrix: The potential risk class matrix of DSP Floater Fund based on interest rate risk and credit risk is as follows.




10. DSP Strategic Bond Fund:Potential Risk Class Matrix: The potential risk class matrix of DSP Strategic Bond Fund based on interest rate risk and credit risk is as follows:



Interest Rate Risk Relatively Low (Class I) - - -Moderate (Class II) - - -Relatively High (Class III) - B-III -

11. DSP Bond Fund:Potential Risk Class Matrix: The potential risk class matrix of DSP Bond Fund based on interest rate risk and credit risk is as follows:




12. DSP Corporate Bond Fund:Potential Risk Class Matrix: The potential risk class matrix of DSP Corporate Bond Fund based on interest rate risk and credit risk is as follows:




13. DSP Government Securities Fund:Potential Risk Class Matrix: The potential risk class matrix of DSP Government Securities Fund based on interest rate risk and credit risk is as follows:




14. DSP 10Y G-Sec Fund:Potential Risk Class Matrix: The potential risk class matrix of DSP 10Y G-Sec Fund based on interest rate risk and credit risk is as follows:




15. DSP Liquid ETF:Potential Risk Class Matrix: The potential risk class matrix of DSP Liquid ETF based on interest rate risk and credit risk is as follows:



Interest Rate Risk Relatively Low (Class I) A-I - -Moderate (Class II) - - -Relatively High (Class III) - - -

The provisions of Potential Risk Class (‘PRC’) Matrix shall be applicable from December 1, 2021.

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

w.e.f. January 1, 2013 Direct Plan is introduced under all schemes launched prior to January 1, 2013.

DSPFCF - Regular : 30-04-1997

DSPEBF – Regular : 31-05-1999

DSPEOF - Regular : 18-05-2000

DSPSTF - Regular : 11-09-2002

DSPTEF - Regular : 11-03-2003

DSPUSF - Regular : 03-08-2006

DSPMCF - Regular : 16-11-2006

DSPTSF - Regular : 22-01-2007

DSPSCF - Regular : 15-06-2010

DSPFF - Regular : 15-06-2010

DSPAF - Regular & Direct : 29-01-2018

DSPHF - Regular & Direct : 4-12-2018

DSPCBF - Regular & Direct : 12-09-2018

DSPOF - Regular & Direct : 10-01-2019

DSPQF - Regular & Direct : 12-06-2019

DSPLDF - Regular & Direct : 11-03-2015

DSPSF - Regular : 01-10-1999

DSPBPDF - Regular & Direct : 16-09-2013

DSPFloF - Regular & Direct : 22-03-2021

DSPVF - Regular & Direct : 14-12-2020

DSPLF - Regular : 23-11-2005

DSP Investment Managers Private LimitedMafatlal Centre, 10th Floor, Nariman Point, Mumbai - 400 021 Tel: 022-6657 8000Fax: 022-6657 8181

Computer Age Management Services LimitedUnit : DSP Mutual Fund, VII Floor, Tower I,Rayala Towers, 158, Anna Salai,Chennai - 600 002.Tel.: 044-30915400Fax: 044-28432253

ASSET MANAGEMENT COMPANY

REGISTRAR

DSP HMK HOLDINGS PRIVATE LIMITEDandDSP ADIKO HOLDINGS PRIVATE LIMITEDMafatlal Centre, 11th Floor, Nariman Point, Mumbai - 400 021.Tel: 022-2272 2731 Fax: 022-2272 2732

DSP Trustee Private LimitedMafatlal Centre, 10th Floor,Nariman Point Mumbai - 400 021 Tel: 022-6657 8000Fax: 022-6657 8181

TRUSTEE

SPONSORS

Citibank N.A.Securities and Issuer Services (SFS), First International Financial Centre (FIFC),11th Floor, Plot Nos. C 54 and C55,G Block, Bandra Kurla Complex,Bandra East, Mumbai 400051.Tel: 022-61756902 Fax: 022-26532205

CUSTODIAN

AUDITORS TO THE MUTUAL FUNDWalker Chandiok & Co LLP

16th Floor, Tower II, Indiabulls Finance Centre, S B Marg, Elphinstone (W), Mumbai 400 013.

10

Mutual Fund units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investing. Scheme specific risk factors are summarized below:

Category Scheme DSPFCF DSPTEF DSPEOF DSPEBF DSPSTF DSPMCF DSPSCF DSPFF DSPTSF DSPUSF DSPAF DSPCBF DSPOF DSPHF DSPQF

Fixed Income Market Liquidity Risk

Fixed Income Credit Risk

Fixed Income Rating Migration Risk

Fixed Income Term Structure of Interest Rates (TSIR) Risk

Fixed Income Re-investment Risk

General Market Risk related to equity and equity related securities

Fixed Income Risk associated with floating rate securities

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

General Risks associated with mid-cap and smallcap companies

Sector Sector Concentration Risk

Sector Security Concentration Risk

Strategy Risk associated with Arbirtage strategy

General Risks associated with trading in derivatives

General Risks associated with Overseas Investments

General Risks associated with investments in Securitised Assets

General Risk associated with favourable taxation of equity oriented Scheme

General Risk Associated with stock lending

General Risk Associated with transaction in Units through Stock Exchange mechanism

General Risk Associated with REITs InvITs

General Risk Associated with imperfect hedging

General Risk associated with Pharmaceutical and Healthcare companies

General Risk associated with scheme model based strategy

Fixed Income Risks associated with segregated portfolio

Fixed Income

Risk factors associated with investments in Perpetual Debt Instrument (PDI)

RISK FACTORS OF THE SCHEMES

11

Mutual Fund units involve investment risks including the possible loss of principal. Please read the SID carefully for details on risk factors before investing. Scheme specific risk factors are summarized below:

Category Scheme DSPBPDF DSPSF DSPLDF DSPVF DSPFloF DSPLF

Fixed Income Market Liquidity Risk

Fixed Income Credit Risk

Fixed Income Risks associated with Banks and PSUs

Fixed Income Rating Migration Risk

Fixed Income Term Structure of Interest Rates (TSIR) Risk

Fixed Income Re-investment Risk

Fixed Income Risk associated with floating rate securities

Fixed Income

Risk associated with investments in repo of corporate debt securities

General Risks associated with trading in derivatives

General Risks associated with imperfect hedging using interest rate futures

General Risks associated with investments in Securitised Assets

General Risk associated with Stock Lending

General Risks Associated With Transaction In Units Through Stock Exchange Mechanism

General Risks associated with investing in equity and equity-related securities

General Risks Associated With Investment in Debt Securities and Money Market Instruments

General Risk associated with Equity Oriented Schemes

General Risks associated with Securities Lending & Borrowing

General Risks associated with Investments in REITs and InvITs

General Risks associated with Overseas Investments

Scheme specific

Risks associated with Value oriented investment strategies

Additional Risk Factors for foreign investors

Political Risk

Economic Risk

Foreign Currency Risk

Convertibility and Transferability Risk

GeneralRisks of investing in floating rate debt instruments or fixed rate debt instruments swapped for floating rate return

GeneralRisk associated with investments in debt instruments having Structured Obligations / Credit Enhancements

General Risks associated with segregated portfolio

Fixed Income

Risk factors associated with investments in Perpetual Debt Instrument (PDI)

RISK FACTORS OF THE SCHEMES

Risk associated with transaction in Units through the Stock Exchange mechanism: In respect of transactions in the Units of the Schemes through NSE and/or BSE or any other recognized stock exchange, allotment and redemption of Units on any Business Day will depend upon the order processing/settlement by NSE, BSE or such other exchange and their respective clearing corporations on which the Mutual Fund has no control. Further, transactions conducted through the stock exchange mechanism shall be governed by the operating guidelines and directives issued by SEBI, NSE, BSE or such other recognized exchange in this regard.

12

Applicable NAV for continuous repurchase and saleApplicable to all the Schemes (other than DSP Liquidity Fund, DSP Liquid ETF & DSP Overnight Fund)

(a) Purchase and Switch-inParticulars Applicable NAV

Where the valid application is received upto cut-off time of 3.00 p.m. on a business day at the official point(s) of acceptance and funds for the entire amount of subscription/purchase are available for utilization upto 3.00 p.m. on the same Business Day.

Closing NAV of same Business Day shall be applicable

Where the valid application is received upto cut-off time of 3.00 p.m. on a business day at the official point(s) of acceptance and funds for the entire amount of subscription/purchase are available for utilization after 3.00 p.m. on the same Business Day or on any subsequent Business Day

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

Where the valid application is received after cut-off time of 3.00 p.m. on a business day at the official point(s) of acceptance and funds for the entire amount of subscription/purchase are available for utilization upto 3.00 p.m. on the same Business Day.

Closing NAV of subsequent Business Day shall be applicable

(b) Redemption /Switch-outParticulars Applicable NAV

Where the application is received on any Business Day at the official points of acceptance of transactions upto 3.00 p.m.

NAV of the same day

Where the application is received after 3.00 p.m. NAV of the next Business Day.Applicable to DSP Liquidity Fund, DSP Liquid ETF & DSP Overnight Fund-

(a) Purchase and Switch-inParticulars Applicable NAV

1. Where the application is received up to cut-off time of 1.30 p.m. on a Business Day at the official point(s) of acceptance and funds for the entire amount of subscription/purchase are available for utilization before the cut-off time.

NAV at the close of the day immediately preceding the day of receipt of application shall be applicable.

2. Where the application is received at the official point(s) of acceptance on a Business Day, irrespective of the time of receipt of subscription/purchase application, and the funds are not available for utilization before the cut-off time of 1:30 p.m. on the same Business Day.

NAV at the close of the day immediately preceding the Business Day on which the funds are available for utilization shall be applicable.

Where the application is received on a non-business day, it will be treated as if received on next business day.(b) Redemption /Switch-outParticulars Applicable NAVWhere the application is received upto cut off time 3.00 p.m. on any Business Day NAV at the close of the day immediately preceding the next

Business Day.Where the application is received after cut off time 3.00 p.m. on any Business Day NAV at the close of the next Business Day.

When the application is received on a non-business day, it will be treated as if received on next business day.All transactions as per conditions mentioned below shall be aggregated and closing NAV of the day on which funds for respective transaction (irrespective of source of funds) are available for utilization. 1. All transactions received on same Business Day (as per cut-off timing and Time stamping rule).2. Aggregation of transactions shall be applicable to all open -ended schemes (except DSP Liquidity Fund) of the Fund.3. Transactions shall include purchases, additional purchases, and exclude Switches, Systematic Investment Plans (SIP) /Systematic Transfer Plans (STP) and trigger

transactions.4. Aggregation of transactions shall be done on the basis of investor/s/Unit Holder/s Permanent Account Number (PAN). In case of joint holding in folios, transactions

with similar holding pattern will be aggregated. The principle followed for such aggregation will be similar as applied for compilation of Consolidated Account Statement (CAS).

5. All transactions will be aggregated where investor holding pattern is same as stated in point no.4 above.6. Only transactions in the same scheme of the Fund shall be clubbed. It will include transactions at Plans/Options level (i.e. Regular Plan, Direct Plan, IDCW

Option, Growth Option, etc). 7. Transactions in the name of minor received through guardian will not be aggregated with the transaction in the name of same guardian. However, two or more

transactions in folios of a minor received through same guardian will be considered for aggregation.8. In the case funds are received on separate days and are available for utilization on different business days before the cut off time, the applicable NAV shall be

of the Business day/s on which the cleared funds are available for utilization for the respective application amount.9. Irrespective the date and time of debit to the customer bank accounts, the date and time of actual credit in the Scheme’s bank account, which could be different

due settlement cycle in the banking industry, would be considered for applicability of NAV. 10. Investors are advised to make use of digital/electronic payment to transfer the funds to the scheme’s bank account.

For Switching:Where there is a switch application from one scheme to another, ‘Switch out’ shall be treated as redemption in one scheme and the Applicable NAV based on the cut off time for redemption and payout rules shall be applied. Similarly, the ‘switch in’ shall be treated as purchase and the Applicable NAV based on the cut off time for purchase and realization of funds by the ‘switch in’ scheme related rules shall be applied. Where an application is received and time stamping is done after the cut-off time, the request will be deemed to have been received on the next Business Day.

Direct Plan:W.e.f. January 1, 2013 Direct Plan is introduced under all the Schemes launched prior to January 1, 2013. Direct Plan is a separate plan for direct investments i.e. investments not routed through a distributor. The investment objective, portfolio, asset allocation, risk factors, investment restrictions, where the scheme will invest, applicable Net Asset Value and cut-off timings, exit load structure and other terms under Direct Plan will be same as applicable to existing plans under each of the Schemes. Switch of units from Regular Plan to Direct Plan within the same scheme of the Fund:No exit load shall be levied In case of switch of investments from Direct Plan to Regular and vice versa.

Despatch of Repurchase (Redemption) Request : Within 10 working days of the receipt of the redemption request at the authorised centre of DSP Mutual Fund.

Name of the Trustee Company : DSP Trustee Private Limited

Tax Treatment for the Investors (Unit Holders) : Investors are advised to refer to the details in the SAI. In view of the individual nature of tax benefits, each investor is also advised to consult his or her own tax consultant with respect to the specific tax implications arising out of his or her participation in the scheme concerned.

Waiver of Entry Load : In accordance with the requirements specified by SEBI circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009 no entry load will be charged with respect to applications for purchase/additional purchase/switch-in accepted by DSP Mutual Fund with effect from August 01, 2009. Similarly, no entry load will be charged with respect to applications for registrations of Systematic Investment Plans (SIP) /Systematic Transfer Plans (STP), with effect from August 01, 2009.

For Investor Grievances Please Contact: Investors may contact any of the Investor Service Centers (ISCs) of the AMC for any queries / clarifications, may call on 1800-208-4499 / 1800-200-4499 (toll free), e-mail: [email protected]. Mr. Gaurav Nagori has been appointed as the Investor Relations Officer. He can be contacted at DSP Investment Managers Private Limited, Natraj, Office Premises No. 302, 3rd Floor, M V Road Junction. W. E. Highway, Andheri - East, Mumbai – 400069, Tel.: 022 - 67178000. For any grievances with respect to transactions through stock exchange mechanism, Unit Holders must approach either stock broker or the investor grievances cell of the respective stock exchange. Investors may contact the customer care of MFUI on 1800-266-1415 (during the business hours on all days except Sunday and Public Holidays) or send an email to [email protected] for any service required or for resolution of their grievances for their transactions with MFUI. For any queries/clarifications/ grievance, investors may send mail to our RTA Computer Age Management Services Limited (CAMS) - https://www.camsonline.com/Investors/Support/Grievances or contact to its Registered Office- Computer Age Management Services Limited, No. 178/10 Kodambakkam High Road, Ground floor, Opp. Hotel Palmgrove, Nungambakkam, Chennai - 600 034, Toll free no: 1800-419-2267/ 044 2831 7219.Unit Holders’ Information

INFORMATION COMMON TO ALL SCHEMES

13

INFORMATION COMMON TO ALL SCHEMES (CONT’D)

Account Statements/Allotment Confirmation: • Allotment confirmation specifying the number of Units allotted shall be sent to the Unit holders at their registered e-mail address and/or mobile number by way

of email and/or SMS within 5 Business Days from the close of the New Fund Offer (NFO) Period or from the date of receipt of transaction request.• Account statements for transactions in units of the Fund by investors on or after February 1, 2015 will be dispatched to investors in following manner:

I. Investors who do not hold Demat AccountConsolidated account statement^, based on PAN of the holders, shall be sent by AMC/ RTA to investors not holding demat account, for each calendar month within 15th day of the succeeding month to the investors in whose folios transactions have taken place during that month.Consolidated account statement shall be sent every half yearly (September/ March), on or before 21st day of succeeding month, detailing holding at the end of the six months, to all such investors in whose folios there have been no transactions during that period.^Consolidated account statement sent by AMC/RTA is a statement containing details relating to all financial transactions made by an investor across all mutual funds viz. purchase, redemption, switch, payout of IDCW, reinvestment of IDCW, systematic investment plan, systematic withdrawal plan, systematic transfer plan, bonus etc. (including transaction charges paid to the distributor) and holding at the end of the month.II. Investors who hold Demat AccountConsolidated Account Statement^^, based on PAN of the holders, shall be sent by Depositories to investors holding demat account, for each calendar month within 15th day of the succeeding month to the investors in whose folios transactions have taken place during that month.Consolidated account statement shall be sent every half yearly (September/ March), on or before 21st day of succeeding month, detailing holding at the end of the six months, to all such investors in whose folios and demat accounts there have been no transactions during that period.In case of demat accounts with nil balance and no transactions in securities and in mutual fund folios, the depository shall send account statement in terms of regulations applicable to the depositories.^^Consolidated account statement sent by Depositories is a statement containing details relating to all financial transactions made by an investor across all mutual funds viz. purchase, redemption, switch, payout of IDCW, reinvestment of IDCW, systematic investment plan, systematic withdrawal plan, systematic transfer plan, bonus etc. (including transaction charges paid to the distributor) and transaction in dematerialised securities across demat accounts of the investors and holding at the end of the month. Investors are requested to note that for folios which are not included in the consolidated account statement, AMC shall henceforth issue monthly account statement to the unit holders, pursuant to any financial transaction done in such folios; the monthly statement will be sent on or before 15th day of succeeding month. Such statements shall be sent in physical form if no email id is provided in the folio. In case of a specific request received from the unit holders, the AMC shall provide the account statement to the unit holders within 5 business days from the receipt of such request. For more details, please refer the SID.

Monthly & Half Yearly Portfolio Disclosures-

i. For Equity Oriented Schemes- In case of unit holders whose email addresses are registered with the Fund, the AMC shall send monthly/half yearly portfolio via email within 10 days of month from the end of each month/ half year. The monthly/half yearly portfolio of the Scheme shall be available in a user-friendly and downloadable spreadsheet format on the AMFI’s website www.amfiindia.com and website of AMC viz. www.dspim.com on or before the 10th day of succeeding month.

ii. For Debt Oriented Schemes- In case of unit holders whose email addresses are registered with the Fund, the AMC shall send fortnightly/half yearly portfolio via email within 5 days from the end of each fortnight/10 days from the end of each half year. The fortnightly/half yearly portfolio of the Scheme shall be available in a user-friendly and downloadable spreadsheet format on the AMFI’s website www.amfiindia.com and website of the AMC viz. www.dspim.com on or before the 5th day of subsequent fortnight/10th day of succeeding half year.The advertisement in reference with uploading Half yearly portfolio on website of AMFI and Fund will be published by the Fund in all India editions of atleast two daily newspapers, one each in English and Hindi.

The AMC shall provide a physical copy of the statement of the Scheme portfolio, without charging any cost, on specific request received from a unitholder.

Annual Financial results: Annual report or Abridged Summary, in the format prescribed by SEBI, will be hosted on AMC’s website www.dspim.com and on the website of AMFI www.amfiindia.com. Annual Report or Abridged Summary will also be sent by way of e-mail to the investor’s who have registered their email address with the Fund not later than four months from the date of the closure of the relevant financial year i.e. March 31 each year.

In case of unit holders whose email addresses are not available with the Fund, the AMC shall send physical copies of scheme annual reports or abridged summary to those unitholders who have ‘opted-in’ to receive physical copies.

Unitholders who still wish to receive physical copies of the annual report/abridged summary notwithstanding their registration of e-mail addresses with the Fund, may indicate their option to the AMC in writing and AMC shall provide abridged summary of annual report without charging any cost. Physical copies of the report will also be available to the unitholders at the registered offices at all times.

The advertisement in this reference will be published by the Fund in all India edition of atleast two daily newspapers, one each in English and Hindi.

Investors who have not registered their email addresses with the Mutual Fund are requested to register the same.

Stamp Duty Investors / Unit Holders of all the scheme(s) of DSP Mutual Fund are advised to take note that, pursuant to notification no. S.O. 4419(E) dated December 10, 2019 read with notification no. S.O. 115(E) dated January 08, 2020 and notification no. S.O. 1226(E) dated March 30, 2020 issued by Department of Revenue, Ministry of Finance, Government of India, read with Part I of Chapter IV of Notification dated February 21, 2019 issued by Legislative Department, Ministry of Law and Justice, Government of India on the Finance Act, 2019, applicable stamp duty would be levied on mutual fund investment transactions with effect from July 1, 2020. Accordingly, pursuant to levy of stamp duty, the number of units allotted on purchases, switch-ins, SIP/STP installments, (including IDCW reinvestment) to the unit holders would be reduced to that extent.

Risk-o-meter – In accordance with SEBI circular no. SEBI/HO/IMD/IMD-II DOF3/P/CIR/2021/555 dated April 29, 2021 and SEBI/HO/IMD/IMD-II DOF3/P/CIR/2021/621 dated August 31, 2021, AMC shall disclose the following in all disclosures, including promotional material or that stipulated by SEBI:a. risk-o-meter of the scheme wherever the performance of the scheme is disclosed.b. risk-o-meter of the scheme and benchmark wherever the performance of the scheme vis-à-vis that of the benchmark is disclosed.Further, the portfolio disclosure shall also include the scheme risk-o-meter, name of benchmark and risk-o-meter of benchmark.

Non applicability Minimum (Lump-sum) Application Amount-The minimum application amount will not be applicable for investment made in all schemes (except DSP Equal Nifty 50 Fund, DSP Liquid ETF, DSP Nifty 50 Index Fund, DSP Nifty Next 50 Index Fund, DSP Overnight Fund) in line with SEBI circulars on Alignment of interest of Designated Employees of AMC.

In This Booklet the following abbreviations have been used:

Income Distribution cum Capital Withdrawal IDCWPayout of Income Distribution cum Capital Withdrawal Payout IDCWReinvestment of Income Distribution cum Capital Withdrawal Reinvestment IDCWMonthly- Payout/ Reinvestment of Income Distribution cum Capital Withdrawal Monthly- Payout IDCW / Reinvestment IDCWQuarterly- Payout/ Reinvestment of Income Distribution cum Capital Withdrawal Quarterly- Payout IDCW / Reinvestment IDCWWeekly- Payout/ Reinvestment of Income Distribution cum Capital Withdrawal Weekly- Payout IDCW / Reinvestment IDCW

14

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

1. For open ended Debt Schemes having NIL exit load-

Recurring ExpensesSlab Rates As a % of daily net assets as per

Regulation 52(6) (c)

Additional TER as per Regulation 52

(6A) (b)^

on the first Rs.500 crores of the daily net assets 2.00% 0.30%

on the next Rs.250 crores of the daily net assets 1.75% 0.30%

on the next Rs.1,250 crores of the daily net assets 1.50% 0.30%



On the next Rs.40,000 crores of the daily net assets Total expense ratio reduction of 0.05% for every increase of Rs.5,000 crores of

daily net assets or part thereof

0.30%

On balance of the assets 0.80% 0.30%

^In addition to expenses as permissible under Regulation 52 (6) (c), the AMC may also charge the following to the Scheme of the Fund under Regulation 52 (6A):

a. Brokerage and transaction costs which are incurred for the purpose of execution of trade and is included in the cost of investment, not exceeding 0.12 per cent in case of cash market transactions and 0.05 per cent in case of derivatives transactions.

It is clarified that the brokerage and transaction cost incurred for the purpose of execution of trade over and above the said 0.12 percent and 0.05 percent for cash market transactions and derivatives transactions respectively may be charged to the Scheme within the maximum limit of Total Expense Ratio (TER) as prescribed under regulation 52 of the SEBI (Mutual Funds) Regulations, 1996.

b. Additional expenses up to 0.30 per cent of daily net assets of the concerned Schemes of the Fund if new inflows from such cities as may be specified by Regulations from time to time are at least:

i. 30 per cent of gross new inflows from retail investors* in the concerned Scheme, or;

ii. 15 per cent of the average assets under management (year to date) of the concerned Scheme, whichever is higher.

Provided that if inflows from such cities is less than the higher of (i) or (ii) mentioned above, such expenses on daily net assets of the concerned Scheme shall be charged on proportionate basis.

* Inflows of amount upto Rs 2,00,000/- per transaction, by individual investors shall be considered as inflows from “retail investors.

The additional expenses charged shall be utilized for distribution expenses incurred for bringing inflows from such cities. The additional expense charged to the Scheme on account of inflows from such cities shall be credited back to the concerned Scheme in case such inflows are redeemed within a period of one year from the date of investment.

GST on investment and advisory fees:

a) AMC may charge GST on investment and advisory fees of the Scheme in addition to the maximum limit of TER as per the Regulation 52(6) and (6A).

b) GST on expenses other than investment and advisory fees: AMC may charge GST on expenses other than investment and advisory fees of the Scheme, if any within the maximum limit of TER as per the Regulation under 52(6) and (6A).

c) GST on brokerage & transaction cost: GST on brokerage and transaction costs which are incurred for the purpose of execution of trade, will be within the limit of expenses as per the Regulation 52(6) and (6A).

Expense Structure for Direct Plan -.

Direct Plan will have lower expense ratio than Regular Plan of the Scheme. The expenses under Direct Plan shall exclude the distribution and commission expenses and additional expenses for gross new flows from specified cities under regulation 52(6A)(b). All fees and expenses charged in a direct plan (in percentage terms) under various heads including the investment and advisory fee shall not exceed the fees and expenses charged under such heads in a Regular Plan.

The maximum limit of recurring expenses that can be charged to the Scheme would be as per Regulation 52 of the SEBI (MF) Regulation, 1996. Investors are requested to read “Section VII – FEES and EXPENSES” in the SID.

For the actual current expenses being charged, the investor should refer to the website of the Mutual Fund.

15

2. For open ended Equity Oriented Schemes having NIL exit load-

Recurring ExpensesSlab Rates As a % of daily net assets as per


Additional TER as per Regulation 52

(6A) (b)^

on the first Rs.500 crores of the daily net assets 2.25% 0.30%

on the next Rs.250 crores of the daily net assets 2.00% 0.30%




On the next Rs.40,000 crores of the daily net assets Total expense ratio reduction of 0.05% for every increase of Rs.5,000 crores of

daily net assets or part thereof

0.30%

On balance of the assets 1.05% 0.30%

Notes to Table 1:^In addition to expenses as permissible under Regulation 52 (6) (c), the AMC may also charge the following to the Scheme of the Fund under Regulation 52 (6A):



b. Additional expenses up to 0.30 per cent of daily net assets of the concerned Schemes of the Fund if new inflows from such cities as may be specified by Regulations from time to time are at least:i. 30 per cent of gross new inflows from retail investors* in the concerned Scheme, or;ii. 15 per cent of the average assets under management (year to date) of the concerned Scheme, whichever is higher.









Direct Plan will have lower expense ratio than Regular Plan of the Scheme. The expenses under Direct Plan shall exclude the distribution and commission expenses and additional expenses for gross new flows from specified cities under regulation 52(6A)(b). All fees and expenses charged in a direct plan (in percentage terms) under various heads including the investment and advisory fee shall not exceed the fees and expenses charged under such heads in a Regular Plan. The maximum limit of recurring expenses that can be charged to the Scheme would be as per Regulation 52 of the SEBI (MF) Regulation, 1996. Investors are requested to read “Section VII – FEES and EXPENSES” in the SID.


16

3. For open ended Equity Schemes having exit load-

Recurring ExpensesSlab Rates

As a % of daily net assets as per


Additional TER as per Regulation 52 (6A)

(c)^

Additional TER as per Regulation 52 (6A)

(b)^

on the first Rs.500 crores of the daily net assets 2.25% 0.05% 0.30%

on the next Rs.250 crores of the daily net assets 2.00% 0.05% 0.30%

on the next Rs.1,250 crores of the daily net assets 1.75% 0.05% 0.30%



On the next Rs.40,000 crores of the daily net assets Total expense ratio reduction of 0.05% for every increase

of Rs.5,000 crores of daily net assets or

part thereof

0.05% 0.30%

On balance of the assets 1.05% 0.05% 0.30%





i. 30 per cent of gross new inflows from retail investors* in the concerned Scheme, or;ii. 15 per cent of the average assets under management (year to date) of the concerned Scheme, whichever is higher.




c. Additional expenses not exceeding 0.05 % of daily net assets of the scheme as per Regulation 52(6A)(c). Provided that such additional expenses shall not be charged to the schemes where the exit load is not levied or applicable





17

4. For Fund of Fund Schemes--

Recurring ExpensesParticulars As a % of daily net assets as per

Regulation 52(6) (a) (ii)Additional TER as per Regulation

52 (6A) (b)^

On total assets 2.25% 0.30%

Provided that the total expense ratio to be charged over and above the weighted average of the total expense ratio of the underlying scheme shall not exceed two times the weighted average of the total expense ratio levied by the underlying scheme(s), subject to the overall ceilings as stated above.




b. Additional expenses up to 0.30 per cent of daily net assets of the concerned Schemes of the Fund if new inflows from such cities as may be specified by Regulations from time to time are at least:i. 30 per cent of gross new inflows from retail investors* in the concerned Scheme, or;ii. 15 per cent of the average assets under management (year to date) of the concerned Scheme, whichever is

higher. Provided that if inflows from such cities is less than the higher of (i) or (ii) mentioned above, such expenses on daily net assets of the concerned Scheme shall be charged on proportionate basis.










18

5. For DSP Liquid ETF, DSP Nifty 50 Index Fund, DSP Equal Nifty 50 Fund and DSP Nifty Next 50 Index Fund-

Recurring ExpensesParticulars As a % of daily net assets as per

Regulation 52(6) (b)Additional TER as per Regulation

52 (6A) (b)^

On total assets 1.00% 0.30%




b. Additional expenses up to 0.30 per cent of daily net assets of the concerned Schemes of the Fund if new inflows from such cities as may be specified by Regulations from time to time are at least:i. 30 per cent of gross new inflows from retail investors* in the concerned Scheme, or;ii. 15 per cent of the average assets under management (year to date) of the concerned Scheme, whichever is higher.











19

6. For Credit Risk Fund and DSP Regular Savings Fund-

Recurring ExpensesSlab Rates As a % of daily net assets as

per Regulation 52(6) (c) Additional TER as per

Regulation 52 (6A) (b)^Additional TER as per

Regulation 52 (6A) (c)^

on the first Rs.500 crores of the daily net assets

2.00% 0.30% 0.05%

on the next Rs.250 crores of the daily net assets

1.75% 0.30% 0.05%

on the next Rs.1,250 crores of the daily net assets

1.50% 0.30% 0.05%


1.35% 0.30% 0.05%


1.25% 0.30% 0.05%

On the next Rs.40,000 crores of the daily net assets

Total expense ratio reduction of 0.05% for every increase of Rs.5,000 crores of daily net assets or part

thereof

0.30% 0.05%

On balance of the assets 0.80% 0.30% 0.05%

Notes to Table 1:^In addition to expenses as permissible under Regulation 52 (6) (c), the AMC may also charge the following to the Scheme of the Fund under Regulation 52 (6A): a. Brokerage and transaction costs which are incurred for the purpose of execution of trade and is included in the cost of investment,

not exceeding 0.12 per cent in case of cash market transactions and 0.05 per cent in case of derivatives transactions.



i. 30 per cent of gross new inflows from retail investors* in the concerned Scheme, or;ii. 15 per cent of the average assets under management (year to date) of the concerned Scheme, whichever is higher.

Provided that if inflows from such cities is less than the higher of (i) or (ii) mentioned above, such expenses on daily net assets of the concerned Scheme shall be charged on proportionate basis.* Inflows of amount upto Rs 2,00,000/- per transaction, by individual investors shall be considered as inflows from “retail investors.The additional expenses charged shall be utilized for distribution expenses incurred for bringing inflows from such cities. The additional expense charged to the Scheme on account of inflows from such cities shall be credited back to the concerned Scheme in case such inflows are redeemed within a period of one year from the date of investment. c. Additional expenses not exceeding 0.05 % of daily net assets of the scheme as per Regulation 52(6A)(c). Provided that such

additional expenses shall not be charged to the schemes where the exit load is not levied or applicable









TER (Total Expense Ratio) of unclaimed plan of DSP Overnight Fund shall be capped as per the TER of direct plan of DSP Overnight Fund or at 50bps whichever is lower.

COMPARISON BETWEEN THE SCHEMES

20

Fund Name

Investment Objective

Number of Folios (OCTOBER 31,

2021)

AUM (OCTOBER 31, 2021) (Rs.

in Crores)

Direct Plan Regular Plan Direct Plan Regular Plan

DSP Strategic

Bond Fund

The primary investment objective of the Scheme is to seek to generate optimal

returns with high liquidity through active management of the portfolio by investing

in high quality debt and money market securities. There is no assurance that the

investment objective of the Schemes will be realized.

3434 2326 419.66 289.45

DSP Equity &

Bond Fund

The primary investment objective of the Scheme is to seek to generate long term

capital appreciation and current income from a portfolio constituted of equity and

equity related securities as well as fixed income securities (debt and money market

securities). There is no assurance that the investment objective of the Scheme will

be realized.

19586 151555 537.11 7,022.40

DSP Bond

Fund

The primary investment objective of the Scheme is to seek 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. This shall be the fundamental attribute of the Scheme. As a secondary

objective, the Scheme will seek capital appreciation. The Scheme will also invest

a certain portion of its corpus in money market securities, in order to meet liquidity

requirements from time to time. There is no assurance that the investment objective

of the Schemes will be realized.

966 2296 233.76 243.28

DSP Flexi Cap

Fund

The primary investment objective of the Scheme is to seek 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. This shall be

the fundamental attribute of the Scheme. There is no assurance that the investment

objective of the Scheme will be realized.

53181 214028 1,222.69 6,123.39

DSP

Government

Securities

Fund

The primary objective of the Scheme is to generate income through investment in

Central Government Securities of various maturities. There is no assurance that the

investment objective of the Schemes will be realized.

15715 5397 274.32 161.60

DSP Credit

Risk Fund

The primary 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

Schemes will be realized.

992 5649 80.34 167.54

DSP India

T.I.G.E.R.

Fund (The

Infrastructure

Growth and

Economic

Reforms

Fund)

The primary investment objective of the Scheme is to seek to generate capital

appreciation, from a portfolio that is substantially constituted of equity securities

and equity related securities of corporates, which could benefit from structural

changes brought about by continuing liberalization in economic policies by the

Government and/or from continuing investments in infrastructure, both by the

public and private sector. There is no assurance that the investment objective of

the Scheme will be realized.

6390 79555 104.40 1,197.57

DSP Savings

Fund

The primary investment objective of the Scheme is to generate income through

investment in a portfolio comprising of money market instruments with maturity less

than or equal to 1 year. There is no assurance that the investment objective of the


1475 5345 1,821.67 862.47

DSP Liquidity

Fund

The primary investment objective of the Scheme is to seek 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. There is no

assurance that the investment objective of the Schemes will be realized.

16540 30171 5,273.48 2,579.29

DSP Ultra

Short Fund

The primary investment objective of the Scheme is to seek to generate returns




5403 42087 1,699.77 1,841.66

DSP Natural

Resources and

New Energy

Fund

The primary investment objective of the Scheme is to seek to generate 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 –

Sustainable Energy Fund, BlackRock Global Funds – World Energy Fund and similar

other overseas mutual fund schemes. The secondary objective is to generate

consistent returns by investing in debt and money market securities. There is no

assurance that the investment objective of the Scheme will be realized.

43249 34433 336.41 448.87

21


Fund Name



2021)


in Crores)


DSP Equity

Opportunities

Fund

The primary investment objective is to seek to generate long term capital

appreciation from a portfolio that is substantially constituted of equity and equity

related securities of large and midcap companies. From time to time, the fund

manager will also seek participation in other equity and equity related securities to

achieve optimal portfolio construction. There is no assurance that the investment

objective of the Scheme will be realized.

35484 220273 1,179.25 5,790.39

DSP Regular

Savings Fund

The primary Investment objective of the scheme is to seek 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. There is no assurance that the investment objective of

the Schemes will be realized.

685 5691 22.88 207.76

DSP Short

Term Fund

The primary investment objective of the Scheme is to seek to generate returns




3806 9820 2,289.13 905.86

DSP Mid Cap

Fund



related securities of midcap companies. From time to time, the fund manager will

also seek participation in other equity and equity related securities to achieve

optimal portfolio construction. There is no assurance that the investment objective

of the Scheme will be realized.

121254 539689 2,613.37 11,568.14

DSP Tax Saver

Fund

An open ended equity linked savings Scheme, whose primary investment objective

is to seek to generate medium to long-term capital appreciation from a diversified

portfolio that is substantially 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. There is no assurance

that the investment objective of the Scheme will be realized.

238398 603736 1,950.49 7,855.48

DSP TOP 100

Equity Fund



related securities of large cap companies. From time to time, the fund manager

will also seek participation in other equity and equity related securities to achieve



17405 120029 283.22 2,599.47

DSP World

Gold Fund

The primary investment objective of the Scheme is to seek capital appreciation by

investing predominantly in units of Black- Rock 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

significant part of its corpus. There is no assurance that the investment objective of

the Scheme will be realized.

27093 31988 478.60 447.79

DSP World

Mining Fund

The primary investment objective of the Scheme is to seek capital appreciation

by investing predominantly in the units of BlackRock Global Funds – World Mining

Fund. The Scheme may, at the discretion of the Investment Manager, also invest

in the units of other similar overseas mutual fund schemes, which may constitute

a significant part of its corpus. The Scheme may also invest a certain portion of its

corpus in money market securities and/or money market/ liquid schemes of DSP

Mutual Fund, in order to meet liquidity requirements from time to time. There can

be no assurance that the investment objective of the Scheme will be realized.

9501 4553 101.67 61.47

DSP World

Energy Fund

The primary investment objective of the Scheme is to seek capital

appreciation by investing predominantly in the units of BlackRock Global Funds –

World Energy Fund (BGF – WEF) and Global Funds – Sustainable Energy Fund (BGF

– SEF). The Scheme may, at the discretion of the Investment Manager, also invest

in the units of other similar overseas mutual fund schemes, which may

constitute a significant part of its corpus. The Scheme may also invest a certain

portion of its corpus in money market securities and/or money market/liquid

schemes of DSP 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 realized.

2595 2910 124.19 54.66

22


Fund Name



2021)


in Crores)


DSP World

Agriculture

Fund


investing predominantly in units of BlackRock Global Funds Nutrition Fund (BGF -

NF). The Scheme may, at the discretion of the Investment Manager, also invest in

the units of other similar overseas mutual fund schemes, which may constitute a

significant part of its corpus. The Scheme may also invest a certain portion of its

corpus in money market securities and/ or money market/liquid schemes of DSP

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 risk profile/consideration similar to those of BGF

– NF.

1125 1016 31.51 35.87

DSP Focus

Fund

The 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 consist of multi cap companies by market

capitalisation. The Scheme will hold equity and equity-related securities including

equity derivatives, of upto 30 companies. The Scheme may also invest in debt and

money market securities, for defensive considerations and/or for managing liquidity

requirements. There is no assurance that the investment objective of the Scheme

will be realized.

11050 65997 408.51 1,726.09

DSP Small Cap

Fund



related securities of small cap companies. From time to time, the fund manager

will also seek participation in other equity and equity related securities to achieve



75115 320213 1,693.53 6,576.77

DSP US

Flexible^

Equity Fund

The primary investment objective of the Scheme is to seek capital appreciation

by investing predominantly in units of 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 constitute

a significant part of its corpus. The Scheme may also invest a certain portion of its

corpus in money market securities and/ or money market/liquid schemes of DSP

Mutual Fund, in order to meet liquidity requirements from time to time. It shall

be noted ‘similar overseas mutual fund schemes’ shall have investment objective,

investment strategy and risk profile/consideration similar to those of BGF – USFEF.

The term “Flexible” in the name of the Scheme signifies that the Investment

Manager of the Underlying Fund can invest either in growth or value investment

characteristic securities placing an emphasis as the market outlook warrants.

There is no assurance that the investment objective of the Scheme will be realized.

14897 27218 351.40 309.08

DSP Banking

& PSU Debt

Fund

The primary 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 Schemes

will be realized.

4865 7285 1,981.61 1,223.80

DSP Dynamic

Asset

Allocation

Fund

The investment objective of the Scheme is to seek capital appreciation by

managing the asset allocation between equity and fixed income securities. The

Scheme will dynamically manage the asset allocation between equity and fixed

income. Equity allocation will be decided based on a combination of valuation

and momentum while fixed income and arbitrage will be resultant allocation.

The Scheme intends to generate long-term capital appreciation by investing in

equity and equity related instruments and seeks to generate income through

investments in fixed income securities and by using arbitrage and other

derivative strategies. However, there can be no assurance that the investment

objective of the scheme will be realized.

13786 66691 516.62 4,000.75

DSP Global

Allocation

Fund


investing predominantly in units of BlackRock Global Funds - Global Allocation Fund

(BGF - GAF). The Scheme may also invest in the units of other similar overseas mutual

fund schemes which may constitute a significant part of its corpus. The Scheme may

also invest a certain portion of its corpus in money market securities and/or money

market/liquid schemes of DSP 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 risk profile/ consideration

similar to those of BGF – GAF. There is no assurance that the investment objective

of the Schemes will be realized.

1608 1750 80.97 28.54

23


Fund Name



2021)


in Crores)


DSP 10Y G-Sec

Fund

The investment objective of the Scheme is to seek to generate returns commensurate

with risk from a portfolio of Government Securities such that the Macaulay duration

of the portfolio is similar to the 10 Year benchmark government security. (Please

refer page no. 15 under the section “Where will the Scheme invest” of SID for

details on Macaulay’s Duration). There is no assurance that the investment

objective of the Schemes will be realized.

1618 713 33.08 18.11

DSP Low

Duration Fund

The 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 Schemes will

be realized.

4253 17410 2,689.26 1,652.49

DSP Equity Savings Fund

The investment objective of the Scheme is to generate income through

investments in fixed income securities and using arbitrage and other derivative

Strategies. The Scheme also intends to generate long-term capital

appreciation by investing a portion of the Scheme’s assets in equity and equity

related instruments. There is no assurance that the investment objective of the

Scheme will be realized.

2037 8308 39.50 342.77

DSP Equal

Nifty 50 Fund

To invest in companies which are constituents of NIFTY 50 Equal Weight Index

(underlying Index) in the same proportion as in the index and seeks to generate

returns that are commensurate (before fees and expenses) with the performance

of the underlying Index. There is no assurance that the investment objective of the


16525 9073 150.42 111.67

DSP

Arbitrage

Fund

The investment objective of the Scheme is to generate income through arbitrage

opportunities between cash and derivative market and arbitrage opportunities

within the derivative market. Investments may also be made in debt & money

market instruments. There can be no assurance that the investment objective of the

scheme will be realized.

1794 5511 1,315.61 560.03

DSP Liquid

ETF

The investment objective of the Scheme is to seek to provide current income,

commensurate with relatively low risk while providing a high level of liquidity,

primarily through a portfolio of Tri Party REPO, Repo in Government Securities,

Reverse Repos and similar other overnight instruments. There is no assurance that

the investment objective of the Scheme will be realized.

0 6904 0.00 115.77

DSP

Corporate

Bond Fund

The primary investment objective of the Scheme is to seek to generate regular income

and capital appreciation commensurate with risk from a portfolio predominantly

investing in corporate debt securities across maturities which are rated AA+ and

above, in addition to debt instruments issued by central and state governments and

money market securities. There is no assurance that the investment objective of the


3073 3146 1,400.39 786.11

DSP

Healthcar

e Fund

The primary investment objective of the scheme is to seek to generate consistent

returns by predominantly investing in equity and equity related securities of

pharmaceutical and healthcare companies. However, there can be no assurance that

the investment objective of the scheme will be realized.

33965 59481 338.15 1,065.88

DSP Overnight

Fund

The primary objective of the scheme is to seek to generate returns commensurate

with low risk and providing high level of liquidity, through investments made primarily

in overnight securities having maturity of 1 business day. There is no assurance that

the investment objective of the Scheme will be realized.

32552 2829 2,055.07 466.79

DSP Nifty

Next 50

Index

Fund

To invest in companies which are constituents of NIFTY Next 50 Index (underlying

Index) in the same proportion as in the index and seeks to generate returns that are

commensurate (before fees and expenses) with the performance of the underlying

Index. There is no assurance that the investment objective of the Scheme will be

realized.

8157 3587 103.62 55.77

DSP Nifty 50

Index Fund

The investment objective of the Scheme is to generate returns that are commensurate

with the performance of the NIFTY 50 Index, subject to tracking error. There is no

assurance that the investment objective of the Scheme will be realized.

8545 5031 81.43 48.36

DSP Quant

Fund

The investment objective of the Scheme is to deliver superior returns as compared to

the underlying benchmark over the medium to long term through investing in equity

and equity related securities. The portfolio of stocks will be selected, weighed and

rebalanced using stock screeners, factor based scoring and an optimization formula

which aims to enhance portfolio exposures to factors representing ‘good investing

principles’ such as growth, value and quality within risk constraints. However, there

can be no assurance that the investment objective of the scheme will be realized.

13787 20605 688.86 523.61

DSP Value

Fund

The primary investment objective of the scheme is to seek to generate consistent

returns by investing in equity and equity related or fixed income securities which

are currently undervalued. However, there is no assurance that the investment


9368 23173 196.41 371.67

DSP

Floater

Fund

The primary objective of the scheme is to generate regular income through

investment predominantly in floating rate and fixed rate debt instruments (including

money market instruments). However, there is no assurance that the investment


1703 5259 2,291.00 1,239.52

^The term “Flexible” in the name of the Scheme signifi that the Investment Manager of the Underlying Fund can invest either in growth or value investment characteristic

securities placing an emphasis as the market outlook warrants.

24

RISK MANAGEMENT STRATEGIES

Market Liquidity Risk The liquidity risk will be managed and/or sought to be addressed by creating a portfolio which has adequate access to liquidity. The Investment Manager will select fixed income and/or equity securities, which have or are expected to have high secondary market liquidity. There is good secondary market liquidity in government securities. As far as other long dated fixed income securities are concerned, the endeavour will be to invest in high quality names example bonds issued by public sector entities. There is good secondary market liquidity in large cap stocks. Market Liquidity Risk will be managed actively within the portfolio liquidity limits. The first access to liquidity is through cash and fixed income securities.

Term Structure of Interest Rates (TSIR) Risk

The Investment Manager will endeavour to actively manage the duration based on the ensuing market conditions.

Rating Migration Risk The endeavour is to invest in high grade/quality securities. There is an in-depth due diligence performed before assigning any credit limits, which should mitigate company-specific issues. There is an ongoing monitoring of these limits after they have been assigned.

Re-investment Risk The investment manager will endeavour that besides the tactical and/or strategic interest rate call, the portfolio is fully invested.Market Risk related to equity and equity related securities

The Investment Manager endeavours to invest in companies, where adequate due diligence and research has been performed by the Investment Manager. As not all these companies are very well researched by third-party research companies, the Investment Manager also relies on its own research. This involves one-to-one meetings with the management of companies, attending conferences and analyst meets and also tele-conferences. The company– wise analysis will focus, amongst others, on the historical and current financial condition of the company, potential value creation/unlocking of value and its impact on earnings growth, capital structure, business prospects, policy environment, strength of management, responsiveness to business conditions, product profile, brand equity, market share, competitive edge, research, technological know- how and transparency in corporate governance.

Risk associated with floating rate securities

There is very low liquidity in floating rate securities, resulting in lack of price discovery. Hence, incremental investments in floating rate securities are going to be very limited.

Risk associated with investments in repo of corporate debt securities

The Investment Manager will endeavor to manage counterparty risk in corporate debt repos by dealing only with counterparties having strong credit profiles. These could include SEBI regulated mutual funds, RBI regulated Banks, Non-Banking Finance Companies, Primary Dealers and IRDA regulated Insurance companies. Corporates for whom credit limits have been assigned are eligible counterparties. These corporates should have a minimum investment grade credit rating. For new counterparties, approval from Head – Risk will be taken and an assessment will be done by the Risk & Quantitative Analysis team. The collateral risk is mitigated by restricting participation in repo transactions only in AA and above rated money market and corporate debt securities, where potential for downgrade/default is low. In addition, appropriate haircuts are applied on the market value of the underlying securities to adjust for the illiquidity and interest rate risk on the underlying instrument.

Risks associated with mid-cap and small-cap

The Investment Manager endeavours to invest in companies, where adequate due diligence has been performed by the Investment Manager. As these companies are not very well researched by third party research companies, the Investment Manager relies on its own research. This involves one to one meetings with the management of companies, attending conferences and analyst meets and also tele-conferences. The company- wise analysis will focus, amongst others, on the historical and current financial condition of the company, potential value creation/unlocking of value and its impact on earnings growth, capital structure, business prospects, policy environment, strength of management, responsiveness to business conditions, product profile, brand equity, market share, competitive edge, research, technological know- how and transparency in corporate governance.

Applicable to DSPFF - Risk factor associated with security concentration

This Scheme has a security concentration risk as it will normally hold equity and equity-related securities including equity derivatives, of upto 25 companies. The intrinsic nature of the portfolio will represent high conviction portfolio weights. The primary nature of the Scheme is to have high conviction portfolio, which may introduce higher security concentration risk. Although the Scheme is less diversified in terms of the number of securities, the Scheme has the flexibility of investing in diverse sectors. This would provide diversification across sectors and the Investment Manager would have the flexibility to diversify the holdings and mitigate risks. The Investment Manager will endeavour to achieve diversification through non-similar stocks and/or factors that could impact the underlying portfolio.

Applicable to DSPEOF - Risk associated with Sector Concentration Risk

The investment objective is to have portfolio, which has high concentration in select sectors. The sector selection process of the Investment Manager will seek investments in sectors, where there is visibility in earnings. The investors need to be aware of the sector concentration risk as this is the investment objective of the Scheme.

Risks associated with Overseas Investments

The portfolio is predominantly in INR denominated securities. Should there be investments in ADRs/GDRs of Indian companies or foreign securities, the investment process of the fund manager will ensure that a comprehensive company specific due diligence is performed.

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

The Scheme can use equity derivatives, both for directional (including equitisation of cash) and yield enhancement strategies. The credit risk associated with equity derivatives is defeased as only exchange traded equity derivatives are permitted. On the performance, portfolio and regulatory limits, there is an established daily monitoring process. As limits could be breached because of changes in the open interest, which is a function of market-wide activity and not specific to the Scheme and are not in control, there are hard and soft limits. Any breach beyond the soft limit is immediately rectified and brought within the specified limit.The guidelines issued by SEBI / RBI from time to time for forward rate agreements and interest rate swaps and other derivative products would be adhered to.

Risk associated with REITs and InvITs

At present, there is no significant activity in the Securities Borrowing and Lending market. The Mutual Fund has so far not participated in Securities Lending market. However, we understand the risks associated with the securities lending business and the AMC will have appropriate controls (including limits) before initiating any such transactions.

Risks associated with Scheme’s Arbitrage strategy (DSPAF)

• Liquidity Risk: However the fund will aim at taking exposure only into liquid stocks/derivatives where there will be minimal risk to square off the transaction. The fund will ensure this by analyzing historical data of volume and open interest • Market Risk: The Scheme will endeavour to cover or square off the positions as soon as possible and maintain a net market neutral position• Opportunities Risk: In absence of profitable arbitrage opportunities available in the market, the scheme may predominantly invest in cash, short term debt and money market securities

Credit Risk Credit Risk associated with Fixed Income securities will be managed by making investments in securities issued by borrowers, which have a very good credit profile. Limits are assigned for each of the issuers (other than government of India); these limits are for the amount as well as maximum permissible tenor for each issuer. The credit process ensures that issuer level review is done at inception as well as periodically by taking into consideration the balance sheet and operating strength of the issuer.

Pharmaceutical and Healthcare Sector Concentration Risk applicable to (DSPHF)

The Scheme has primary investment objective to invest in Pharmaceutical and Healthcare sectors. Being a sector fund, it will have higher risk as compared to a diversified equity fund. The Investment Manager will endeavour due diligence in the stock selection. The investors are informed that a pure sector fund will have high volatility. This risk cannot be defeased and is the primary feature of the Scheme.

Applicable to (DSPHF) Risks associated with Pharmaceutical and Healthcare Companies

The Investment Manager will focus on companies with strong managements, responsiveness to 18 business conditions, product profile, brand equity, market share, competitive edge, research, technological know-how and transparency in corporate governance besides financial condition of the company, potential value creation/unlocking of value and its impact on earnings growth, capital structure, business prospects and policy environment. The Investment Manager believes the good managements create good and sustainable companies and hence management quality will be a key differentiator.

Risks associated withbank and PSU debtapplicable to DSPBPDF

The endeavor will be to invest in debt securities of banks having sound credit profiles with strong balance sheets, healthy asset quality and managements having a proven track record of managing growth. Moreover, banks in India have typically enjoyed some degree of systemic support, especially public sector banks which receive periodic equity capital infusion from the GoI. Hence, banks typically enjoy high credit ratings. Similarly, the schemes would invest in PSU’s which either have healthy standalone profitable business models, or perform critical functions for the GoI ensuring continued support through equity infusions, guarantees etc.

25

7.94%

7.00%

6.06%

7.40%

4.87%

7.17%

6.21%

5.25%

6.60%

4.14%

7.57%

6.98%

8.18%

7.46%

5.41%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

FY17 FY18 FY19 FY20 FY21

Retur

ns

DSP Ultra Short Fund - Dir - GrowthDSP Ultra Short Fund - Reg - GrowthCRISIL Ultra Short Term Debt Index

Performance of the Scheme(a) Absolute Returns

Expenses of the Scheme Entry Load Exit Load

Load structure (as a % of Applicable NAV) Regular and Direct Plan Not Applicable Nil

Actual Expenses for 2020 -2021

- Regular Plan 0.99%

- Direct Plan 0.29%

Recurring Expenses Please refer to page number 14-19

(b) Compounded Annualised Returns as of October 29,2021

PERIOD

COMPOUNDED ANNUALISED RETURNDSPUSF

REGULAR PLAN

CRISIL ULTRA SHORT TERM DEBT INDEX

DSPUSF DIRECT PLAN

CRISIL ULTRA SHORT TERM DEBT INDEX

Last 1 Year 2.85% 4.17% 3.58% 4.17%

Last 3 Year 4.86% 6.33% 5.61% 6.33%

Last 5 Year 5.29% 6.68% 6.07% 6.68%

Since Inception 6.86% 7.76% 7.33% 7.60%

NAV/ Index value (Oct 29) 2,750.12 6,444.39 2,912.38 6,444.39

Date of allotment 31st July, 2006 01st January, 2013

All returns are for - Growth Option. Different plans shall have a different expense structure. Since inception returns have been calculated from the date of allotment till October 29,2021. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

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

DSP ULTRA SHORT FUNDInvestment Objective Please refer to page number 20-23

Type of SchemeAn open ended ultra-short term debt scheme investing in debt and money market securities such that the Macaulay duration of the portfolio is between 3 months and 6 months (please refer page no. 21 under the section “Where will the Scheme invest?” of SID for details on Macaulay’s Duration). A relatively low interest rate risk and moderate credit risk.

Investment Strategy The Investment Manager will invest in those debt securities that are rated investment grade by credit rating agencies or in unrated debt securities, which the Investment Manager believes to be of equivalent quality. In-house research by the Investment Manager will emphasize on credit analysis, in order to determine credit risk. The investment process follows a top down approach taking into account aspects like interest rate view, term structure of interest rates, systemic liquidity, RBI’s policy stance, inflationary expectations, Government borrowing program, fiscal deficit, global interest rates, currency movements, etc.

For detailed investment strategy refer SID.Asset Allocation Pattern of the Scheme

Types of Instruments Normal Allocation (% of Net Assets) Risk ProfileMinimum Maximum

Debt* and Money market securities 0% 100% Low to Medium*Debt securities may include securitised debts up to 50% of the net assets.The Scheme will invest in Debt and Money Market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months.The cumulative gross exposure through debt securities, money market securities/ instruments and derivatives will not exceed 100% of the net assets of the Scheme. The Scheme shall not invest in foreign debt securities. The Scheme will participate in repo of money market and corporatedebt securities. The Scheme will not engage in short selling of securities and securities lending and borrowing.The Scheme may invest in derivatives upto 100% of net assets.

Plans and Options Regular Plan:l Growth:l Weekly IDCW -Payout IDCW - Reinvestment IDCWl Daily* IDCW Reinvestment l Monthly* IDCW – Payout IDCW - Reinvestment IDCWl IDCW* – Payout IDCW – Reinvestment IDCW

Direct Plan: l Growth:l Weekly IDCW - Reinvestment IDCWl Daily* IDCW Reinvestmentl Monthly* IDCW – Payout IDCW – Reinvestment IDCWl IDCW* – Payout IDCW – Reinvestment IDCW

Investors may note that under Income Distribution cum Capital Withdrawal options the amounts can be distributed out of investor’s capital (Equalization Reserve), which is part of sale price that represents realized gains.

Minimum Application Amount / Number of Units

Regular and Direct Plan

Purchase Additional Purchase Repurchase Rs. 500/- and any amount thereafter

Rs. 500/- and any amount thereafter Rs. 500/- or all units where amount is below Rs. 500/-

Systematic Investment Plan (SIP) Rs. 500/- and any amount thereafter. Monthly and Quarterly options available.Systematic Withdrawal Plan (SWP) Rs. 500/- and any amount thereafter. weekly, monthly, quarterly, half yearly or yearly options availableSystematic Transfer Plan (STP) Rs. 500/- and any amount thereafter. weekly (on any week day i.e Monday to Friday), monthly, quarterly, half yearly and yearly options availableBenchmark Index CRISIL Ultra Short Term Debt Index IDCW Policy for Regular plan & Direct Plan

Weekly IDCW / Weekly IDCW Reinvestment Option – Trustee envisages declaring weekly IDCWs for Unit Holders on record as on the Wednes-day of each week. The Trustee may alter the Record Date at its discretion. Daily IDCW Reinvestment Option – Trustee envisages declar-ing daily IDCWs for Unit Holders on record as on each day. “Monthly IDCW Option - Trustee envisages declaring monthly IDCWs for Unit hold-ers on record as on the 28th of each month or immediately preceding Business Day, if 28th is not a Business Day”. IDCW Option – Trustees envisages declaring IDCW under the IDCW option and the distribution of the IDCW and the frequency thereof is entirely at the discretion of the Trustee. The IDCWs so declared will be compulsorily reinvested. Actual distribution of IDCWs and the frequency of distribution are provisional and will be entirely at the discretion of the Trustee. There is no assurance or guarantee regarding the rate of IDCW or regular payment of IDCW. If the IDCW amount payable to Unit holders (net of tax deducted at source, wherever applicable): (i) for an amount less than Rs. 10, 000/- in case of Weekly IDCW Payout sub-option; (ii) for an amount equal to or less than Rs. 250/- in case of payout sub options of Monthly IDCW will be compulsorily and automatically reinvested in the Plan by issuing additional Units of the Plan at the Applicable NAV on the next Business day after the Record Date. There shall be no load on IDCW so reinvested.

Name of the Fund ManagersMr. Kedar Karnik Tenure: 5 Years and 4 months (Managing the Scheme since July 2016)Mr. Karan Mundhra Tenure: 6 months (Managing the Scheme since May 2021)

*All subscription/switch-in application(s) and/or registration of new Systematic Investment Plan, Systematic Transfer Plan and Transfer of IDCW Plan in above mentioned options offered by the aforesaid scheme of the Fund shall be suspended with effect from April 1, 2021.

26

9.12%

6.74% 7.5

0%

9.37%

8.10%

8.08%

5.96% 6.6

9%

8.58%

7.41%

9.10%

6.11%

7.57%

9.86%

7.80%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

16.00%


Retur

ns

DSP Short Term Fund - Dir - Growth

DSP Short Term Fund - Growth

CRISIL Short Term Bond Fund Index

DSP SHORT TERM FUNDInvestment Objective Please refer to page number 20-23

Type of Scheme An open ended short term debt scheme investing in debt and money market securities such that the Macaulay duration of the portfolio is between 1 year and 3 years (please refer page no. 19 under the section “Where will the Scheme invest?” for details on Macaulay’s Duration. A moderate interest rate risk and relatively low credit risk.

Investment Strategy The Investment Manager will invest in those debt securities that are rated investment grade by credit rating agencies or in unrated debt securities, which the Investment Manager believes to be of equivalent quality. In-house research by the Investment Manager will emphasize on credit analysis, in order to determine credit risk. The investment process follows a top down approach taking into account aspects like interest rate view, term structure of interest rates, systemic liquidity, RBI’s policy stance, inflationary expectations, Government borrowing program, fiscal deficit, global interest rates, currency movements, etc.


Types of Instruments Normal Allocation (% of Net Assets) Risk Profile

Minimum Maximum

Debt* and Money market securities 0% 100% Low to Medium

*Debt securities may include securitised debts up to 50% of the net assets.The Scheme will invest in Debt and Money Market instruments such that the Macaulay duration of the portfolio is between 1 year – 3 yearThe cumulative gross exposure through debt securities, money market securities/ instruments and derivatives will not exceed 100% of the net assets of the Scheme.The Scheme shall not invest in foreign debt securities.The Scheme may participate in repo of money market and corporate debt securities.The Scheme may engage in short selling of securities and securities lending and borrowing.The Scheme may invest in derivatives upto 100% of net assets.

Plans and Options Regular Plan:l Growthl Weekly* IDCW Reinvestmentl Monthly* IDCW – Payout IDCW – Reinvestment IDCWl IDCW – Payout IDCW – Reinvestment IDCW

Direct Plan:l Growthl Weekly* IDCW Reinvestmentl Monthly* IDCW – Payout IDCW – Reinvestment IDCWl IDCW – Payout IDCW – Reinvestment IDCW



Regular and Direct Plan Purchase Additional Purchase RepurchaseRs. 500/- and any amount thereafter


Systematic Investment Plan (SIP) Rs. 500/- and any amount thereafter. Monthly and Quarterly options availableSystematic Withdrawal Plan (SWP) Rs. 500/- and any amount thereafter. weekly, monthly, quarterly, half yearly or yearly options availableSystematic Transfer Plan (STP) Rs. 500/- and any amount thereafter. weekly (on any week day i.e Monday to Friday), monthly, quarterly, half yearly and yearly options availableBenchmark Index CRISIL Short Term Bond Fund IndexIDCW Policy IDCW Option - Trustee intends to declare annual IDCWs. Monthly IDCW Option - Trustee envisages declaring monthly IDCWs for Unitholders on record as

on the 28th of each month or immediately preceding Business Day, if 28th is not a Business Day. Weekly IDCW Reinvestment Option - Trustee envisages declaring weekly IDCWs for Unitholders on record as on the Wednesday of each week. The IDCWs so declared will be compulsorily reinvested.The Trustee may alter the Record Date at its discretion. Actual distribution of IDCWs and the frequency of distribution are provisional and will be entirely at the discretion of the Trustee. There is no assurance or guarantee regarding the rate of IDCW or regular payment of IDCW.If the IDCW amount payable to Unit holders (net of tax deducted at source, wherever applicable) for an amount equal to or less than Rs. 250/- in case of payout sub options of IDCW and Monthly IDCW will be compulsorily and automatically reinvested in the respective Plan by issuing additional Units of the Plan at the Applicable NAV on the next Business day after the Record Date. There shall be no load on IDCW so reinvested.

Name of the Fund Managers Mr. Laukik Bagwe Tenure: 5 years 4 months (Managing the Scheme since July 2016)Mr. Vikram Chopra tenure : 3 months (Managing the Scheme since July 2021)

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

Not Applicable Nil

Actual Expenses for 2020 -2021- Direct Plan 0.30%- Regular Plan 0.94%Recurring Expenses Please refer to page number 14-19

Performance of the Scheme(a) Absolute Returns (b) Compounded Annualised Returns as of October 29, 2021

PERIOD

COMPOUNDED ANNUALISED RETURN

DSPSTF REGULAR

PLAN

CRISIL SHORT

TERM BOND FUND INDEX

DSPSTF DIRECT PLAN

CRISIL SHORT

TERM BOND FUND INDEX

Last 1 Year 3.50% 4.84% 4.18% 4.84%

Last 3 Year 7.62% 8.59% 8.35% 8.59%Last 5 Year 6.67% 7.54% 7.45% 7.54%Since Inception 7.16% 7.30% 8.40% 8.30%NAV/ Index value (Oct 29) 37.57 4,021.30 39.91 4,021.30Date of allotment 9th September, 2002 01st January, 2013

All returns are for - Growth Option. Different plans shall have a different expense structure. Since inception returns have been calculated from the date of allotment till October 29, 2021. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.



27

DSP EQUITY & BOND FUNDInvestment Objective Please refer to page number 20-23

Type of Scheme An open ended hybrid scheme investing predominantly in equity and equity related instruments

Investment Strategy Equity Securities: The Investment Manager prefers adopting a top-down approach with regard to investment in equity and equity related securities. This approach encompasses an evaluation of key economic trends, an analysis of various sectors in the economy leading to an outlook on their future prospects and a diligent study of various investment opportunities within the favoured sectors. The Investment Manager will conduct in-house research in order to identify both value and growth stocks. The analysis will focus, among other things, on industry and company fundamentals and valuation metrics. The quality or strength of management would be a key focus area. Fixed Income Securities: Fixed income securities encompass both debt and money market securities. The Investment Manager will invest only in those debt securities that are rated investment grade by a domestic credit rating agency such as CRISIL, ICRA, CARE etc. or in unrated debt securities, which the Investment Manager believes to be of equivalent quality. Where investment in unrated debt securities is sought to be made, specific approval of the Board of Directors of the AMC and Trustee shall be obtained prior to investment. Fixed Income research by the Investment Manager will emphasise credit analysis, in order to determine credit risk. The Investment Manager will also analyse various economic trends in seeking to determine the likely future course of interest rates.

For detailed investment strategy refer SID.Asset Allocation Pattern of the Scheme Instruments

Indicative allocations (% of total assets)Risk Profile

Minimum MaximumEquity and equity related securities 65% 75% Medium to HighFixed income securities(Debt, securitized debt and money market securities)

25% 35% Low to Medium

The net derivative position in the Scheme may be upto 100% of the net assets, subject to applicable regulatory limits.Stock lending- Subject to SEBI (MF) Regulations and the applicable guidelines issued by SEBI, the Mutual Fund may engage in stock lending. The AMC shall comply with all reporting requirements and the Trustee shall carry out periodic review as required by SEBI guidelines. Stock lending means the lending of stock to another person or entity for a fixed period of time, at a negotiated compensation. The securities lent will be returned by the borrower on expiry of the stipulated period. The Investment Manager will apply the following limits, should it desire to engage in Stock Lending:1. Not more than 20% of the net assets of a Scheme can generally be deployed in Stock Lending.2. Not more than 5% of the net assets of a Scheme can generally be deployed in Stock Lending to any single counter party.

Plans and Options Regular Plan:l Growthl IDCW - Reinvestment IDCW - Payout IDCW

DIrect Plan:l Growthl IDCW - Reinvestment IDCW - Payout IDCW



Regular and Direct Plan Purchase Additional Purchase RepurchaseRs. 500/- and any amount thereafter Rs. 500/- and any amount

thereafterRs. 500/- or all units where amount is below Rs. 500/-

Systematic Investment Plan (SIP) Rs. 500/- and any amount thereafter. Monthly options available.Systematic Withdrawal Plan (SWP) Rs. 500/- and any amount thereafter. weekly, monthly, quarterly, half yearly or yearly options availableSystematic Transfer Plan (STP) Rs. 500/- and any amount thereafter. weekly (on any week day i.e Monday to Friday), monthly, quarterly, half yearly and yearly options availableBenchmark Index CRISIL Hybrid 35+65 – Aggressive IndexIDCW Policy The Trustee envisages declaring a IDCW under the IDCW Option, and the distribution of IDCWs and the frequency thereof are entirely at the discretion

of the Trustee.If the IDCW amount payable to Unit holders (net of tax deducted at source, wherever applicable for an amount equal to or less than Rs. 250/- in case of payout sub options of IDCW option will be compulsorily and automatically reinvested in the respective Plan. There shall be no load on IDCW so reinvested.

Name of the Fund Managers Mr. Atul Bhole (Equity Portion) Tenure: 5 Years 5 months (Managing the Scheme from June 2016)Mr. Vikram Chopra Tenure: 5 Years and 4 months (Managing the Scheme since July 2016)Mr. Abhishek Ghosh Tenure: 10 months (Managing the Scheme since January 2021)


Load structure(as a % of Applicable NAV)Regular and Direct Plan

Not Applicable

Holding Period: < 12 months: 1%~Holding Period: >= 12 months: Nil~If the units redeemed or switched out are upto 10% of the units (the limit) purchased or switched: Nil.


PERIOD


DSPEBF PLAN

CRISIL HYBRID 35+65 -

AGGRESSIVE INDEX

DSPEBF DIRECT PLAN

CRISIL HYBRID 35+65 -

AGGRESSIVE INDEX

Last 1 Year 44.10% 36.57% 45.57% 36.57%

Last 3 Year 20.33% 17.98% 21.54% 17.98%Last 5 Year 13.24% 14.00% 14.44% 14.00%Since Inception 15.18% NA 15.39% 13.33%NAV/ Index value (Oct 29) 238.66 14,198.70 258.17 14,198.70Date of allotment 27th May, 1999 01st January, 2013



(a) Absolute Returns (b) Compounded Annualised Returns as of October 29, 2021Performance of the Scheme

24.62

%

9.72%

7.55%

-11.2

5%

53.52

%

23.39

%

8.43%

6.44%

-12.1

2%

51.99

%

19.57

%

9.96%

10.47

%

-12.9

3%

49.75

%

-40.00%

-20.00%

0.00%

20.00%

40.00%

60.00%

80.00%


Retur

ns

DSP Equity & Bond Fund - Dir - GrowthDSP Equity & Bond Fund - GrowthCRISIL Hybrid 35+65 - Aggressive Index

28

DSP FLEXI CAP FUND (ERSTWHILE KNOWN AS DSP EQUITY FUND)Investment Objective Please refer to page number 20-23Type of Scheme Flexi Cap Fund - An open ended dynamic equity scheme investing across large cap, mid cap, small cap stocksInvestment Strategy The Investment Manager will be adopting a top down approach, which will encompass an evaluation of key economic trends, the analysis of various sectors

in the economy leading to an outlook on their future prospects and a diligent study of various investment opportunities within the favoured sectors. In picking out individual investment opportunities for the portfolio, the Investment Manager will seek both value and growth. Value is discerned when the Investment Manager believes that the long-term growth potential of a company is not fully reflected in the market price of the company’s securities and which potential it seeks to better every year capitalising on its various strengths, which could mean strong brand equity, high market share, strong management and technological excellence among others. Such companies are core holdings in any equity portfolio since they seldom fail to deliver good returns over the long term. Growth stocks, as the term suggests, are those stocks that are currently in the growth phase. The super-normal growth could be due to a new product, a new process, growing market share, stronger brand equity, technological breakthrough and unique or predominant position in a market, among other factors. The Investment Manager will conduct in-house research in order to identify value and growth stocks. The analysis will focus, among others, on the historical and current financial condition of the company, capital structure, business prospects, strength of management, responsiveness to business conditions, product profile, brand equity, market share, competitive edge, research and technological know-how and transparency in corporate governance. The quality or strength of management would be a key focus area.


InstrumentsIndicative allocations (% of total

assets) Risk ProfileMinimum Maximum

Equity and equity related securities 65% 100% Medium to High*Debt and Money Market Securities 0% 35% Medium to High

*Debt securities/instruments are deemed to include securitized debts.The net derivative position in the Scheme may be upto 100% of the net assets, subject to applicable regulatory limits.Stock lending- Subject to SEBI (MF) Regulations and the applicable guidelines issued by SEBI, the Mutual Fund may engage in stock lending. The AMC shall comply with all reporting requirements and the Trustee shall carry out periodic review as required by SEBI guidelines. Stock lending means the lending of stock to another person or entity for a fixed period of time, at a negotiated compensation. The securities lent will be returned by theborrower on expiry of the stipulated period. The Investment Manager will apply the following limits, should it desire to engage in Stock Lending:1. Not more than 20% of the net assets of a Scheme can generally be deployed in Stock Lending.2. Not more than 5% of the net assets of a Scheme can generally be deployed in Stock Lending to any single counter party.

Plans and Options Regular Plan:l Growthl IDCW – Payout IDCW – Reinvestment IDCW

Direct Plan:l Growthl IDCW – Payout IDCW – Reinvestment IDCW





Systematic Investment Plan (SIP) Rs. 500/- and any amount thereafter. Monthly and Quarterly options available.Systematic Withdrawal Plan (SWP) Rs. 500/- and any amount thereafter. weekly, monthly, quarterly, half yearly or yearly options available

Systematic Transfer Plan (STP) Rs. 500/- and any amount thereafter. weekly (on any week day i.e Monday to Friday), monthly, quarterly, half yearly and yearly options availableBenchmark Index Nifty 500 Index TRIIDCW Policy for Regular Plan & Direct Plan

The Trustee envisages declaring a IDCW under the IDCW Option, and the distribution of IDCW and the frequency thereof are entirely at the discretion of the Trustee.If the IDCW amount payable to Unit holders (net of tax deducted at source, wherever applicable for an amount equal to or less than Rs. 250/- in case of payout sub options of IDCW option will be compulsorily and automatically reinvested in the respective Plan. There shall be no load on IDCW so reinvested.

Name of the Fund Manager Mr. Atul Bhole Tenure: 5 Years and 5 months (Managing the Scheme from June 2016)Mr. Abhishek Ghosh- Tenure: 10 months(Managing the scheme from January 1, 2021)

Performance of the Scheme

PERIOD


DSP FLEXI CAP FUND - REG - IDCW

NIFTY 500 TRI##

DSP FLEXI CAP FUND

- DIR - GROWTH

NIFTY 500 TRI##

Last 1 Year 61.27% 59.08% 62.97% 59.08%

Last 3 Year 24.75% 21.24% 26.51% 21.24%Last 5 Year 16.34% 16.35% 17.67% 16.35%Since Inception 19.91% 15.19% 17.04% 15.20%NAV/ Index value (Oct 29) 59.75 23,100.97 72.43 23,100.97Date of allotment 29th April, 1997 01st January, 2013

All returns are for IDCW - Re-invest Option. Different plans shall have a different expense structure. Since inception returns have been calculated from the date of allotment till October 29, 2021. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.


(a) Absolute Returns (b) Compounded Annualised Returns as of October 29, 2021

27.57

%

13.33

%

7.72%

-16.3

4%

71.22

%

26.69

%

12.48

%

6.92%

-18.1

9%

69.50

%

25.53

%

12.87

%

9.73%

-26.6

2%

77.58

%

-60.00%

-40.00%

-20.00%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%


Retur

ns

DSP Flexi Cap Fund - DirectDSP Flexi Cap Fund - RegularNIFTY 500 TR Index


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

Actual Expenses for 2020 -2021- Regular Plan 2.02%- Direct Plan 1.01%

Recurring Expenses Please refer to page number 14-19

29

DSP TOP 100 EQUITY FUND

Investment Objective Please refer to page number 20-23

Type of Scheme Large Cap Fund- An open ended equity scheme predominantly investing in large cap stocksInvestment Strategy The Investment Manager will be adopting a top down approach, which will encompass an evaluation of key economic trends, the analysis of various sectors

in the economy leading to an outlook on their future prospects and a diligent study of various investment opportunities within the favoured sectors. In picking out individual investment opportunities for the portfolio, the Investment Manager will seek both value and growth. Value is discerned when the Investment Manager believes that the long-term growth potential of a company is not fully reflected in the market price of the company’s securities and which potential it seeks to better every year capitalising on its various strengths, which could mean strong brand equity, high market share, strong management and technological excellence among others. Such companies are core holdings in any equity portfolio since they seldom fail to deliver good returns over the long term. Growth stocks, as the term suggests, are those stocks that are currently in the growth phase. The super-normal growth could be due to a new product, a new process, growing market share, stronger brand equity, technological breakthrough and unique or predominant position in a market, among other factors. The Investment Manager will conduct in-house research in order to identify value and growth stocks. The analysis will focus, among others, on the historical and current financial condition of the company, capital structure, business prospects, strength of management, responsiveness to business conditions, product profile, brand equity, market share, competitive edge, research and technological know-how and transparency in corporate governance. The quality or strength of management would be a key focus area.

The Investment Manager will invest only in those debt securities that are rated investment grade by a domestic credit rating agency such as CRISIL, ICRA, CARE, Fitch etc. or in unrated debt securities which the Investment Manager believes to be of equivalent quality. In the case of unrated debt securities, the approval of the Board of Directors of the AMC and Trustee shall be obtained prior to investment.

For detailed investment strategy refer SID.Asset Allocation Pattern of the Scheme Instruments Indicative allocations

(% of total assets) Risk Profile

1(a) Equity & equity related instruments of large cap companies# 80% 100% Medium to High1(b) Investment in other equity and equity related instruments 0% 20% Medium to High2. Debt* and Money Market Securities 0% 20% Low to Medium3. Units of REITs and InvITs 0% 10% Medium to High#1st -100th company in terms of full market capitalization would be considered as large cap companies. *Debt securities/instruments are deemed to include securitized debts. The Scheme retains the flexibility to invest across all the securities in the debt and money markets as permitted by SEBI / RBI from time to time, including schemes of mutual funds.The net derivative position in the Scheme may be upto 100% of the net assets, subject to applicable regulatory limits. Under normal circumstances the Schemes shall not have an exposure of more than 25% of its net assets in foreign assets/securities, subject to applicable regulatory limits.Stock lending- Subject to SEBI (MF) Regulations and the applicable guidelines issued by SEBI, the Mutual Fund may engage in stock lending. The AMC shall comply with all reporting requirements and the Trustee shall carry out periodic review as required by SEBI guidelines. Stock lending means the lending of stock to another person or entity for a fixed period of time, at a negotiated compensation. The securities lent will be returned by the borrower on expiry of the stipulated period. The Investment Manager will apply the following limits, should it desire to engage in Stock Lending:1. Not more than 20% of the net assets of a Scheme can generally be deployed in Stock Lending.2. Not more than 5% of the net assets of a Scheme can generally be deployed in Stock Lending to any single counter party.






Rs. 500/- and any amount thereafter

Rs. 500/- or all units where amount is below Rs. 500/-


Systematic Transfer Plan (STP) Rs. 500/- and any amount thereafter. weekly (on any week day i.e Monday to Friday), monthly, quarterly, half yearly and yearly options availableBenchmark Index S&P BSE 100 TRIIDCW Policy for Regular Plan & Direct Plan

The Trustee envisages declaring a IDCW under the IDCW Option, and the distribution of IDCWs and the frequency thereof are entirely at the discretion of the Trustee.If the IDCW amount payable to Unit holders (net of tax deducted at source, wherever applicable for an amount equal to or less than Rs. 250/- in case of payout sub options of IDCW option will be compulsorily and automatically reinvested in the respective Plan. There shall be no load on IDCW so reinvested.

Name of the Fund Manager Mr. Vinit Sambre Tenure 1 Year and 5 Months (Managing since June 2020)Mr. Jay Kothari (Dedicated Fund Manager for Overseas Investments) Tenure: 3 year and 3 months (Managing the Scheme from August 2018)




Actual Expenses for 2020 -2021

- Regular Plan 2.13%

- Direct Plan 1.36%Recurring Expenses Please refer to page number 14-19

PERIOD


DSPTEF REGULAR

PLAN

S&P BSE 100 TRI

DSPTEF DIRECT PLAN

S&P BSE 100 TRI

Last 1 Year 43.83% 54.70% 44.93% 54.70%

Last 3 Year 17.38% 20.43% 18.25% 20.43%Last 5 Year 10.86% 16.43% 11.67% 16.43%Since Inception 19.91% 18.72% 12.31% 14.69%NAV/ Index value (Oct 29) 295.66 22,007.25 313.52 22,007.25Date of allotment 10th March, 2003 01st January, 2013




23.13

%

8.93%

7.23%

-24.5

1%

64.97

%

22.28

%

8.17%

6.50%

-25.0

5%

63.70

%

22.79

%

12.12

%

13.90

%

-25.5

6%

73.48

%

-60.00%

-40.00%

-20.00%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%


Retur

ns

DSP Top 100 Equity Fund - DirectDSP Top 100 Equity Fund - RegularS&P BSE 100 TR Index

30


DSP EQUITY OPPORTUNITIES FUND Investment Objective Please refer to page number 20-23

Type of Scheme Large & Mid Cap Fund- An open ended equity scheme investing in both large cap and mid cap stocksInvestment Strategy The Investment Manager prefers adopting a top-down approach with regard to investment in equity and equity related securities. This approach encompasses

an evaluation of key economic trends, an analysis of various sectors in the economy leading to an outlook on their future prospects and a diligent study of various investment opportunities within the favoured sectors. The Investment Manager will conduct in-house research in order to identify both value and growth stocks. The analysis will focus, among other things, on industry and company fundamentals and valuation metrics. The quality or strength or management would be a key focus area.

For detailed investment strategy refer SID.

Asset Allocation Pattern of the Scheme


Minimum Maximum1 (a) Equity & equity related instruments of large cap companies# 35% 65% Medium to High1(b) Equity & equity related instruments of mid cap companies$ 35% 65% Medium to High1(c) Investment in other equity and equity related instruments 0% 30% Medium to High2. Debt* and Money Market Securities 0% 30% Low to Medium3. Units of REITs and InvITs 0% 10% Medium to High#1st -100th company in terms of full market capitalization would be considered as large cap companies. $101st - 250th company in terms of full market capitalization would be considered as midcap companies. *Debt securities/instruments are deemed to include securitized debtsThe net derivative position in the Scheme may be upto 100% of the net assets, subject to applicable regulatory limits. Under normal circumstances the Schemes shall not have an exposure of more than 25% of its net assets in foreign assets/securities, subject to applicable regulatory limits.Stock lending- Subject to SEBI (MF) Regulations and the applicable guidelines issued by SEBI, the Mutual Fund may engage in stock lending. The AMC shall comply with all reporting requirements and the Trustee shall carry out periodic review as required by SEBI guidelines. Stock lending means the lending of stock to another person or entity for a fixed period of time, at a negotiated compensation. The securities lent will be returned by the borrower on expiry of the stipulated period. The Investment Manager will apply the following limits, should it desire to engage in Stock Lending:1. Not more than 20% of the net assets of a Scheme can generally be deployed in Stock Lending.2. Not more than 5% of the net assets of a Scheme can generally be deployed in Stock Lending to any single counter party.





Regular and Direct Plan Purchase Additional Purchase

Repurchase





Systematic Transfer Plan (STP) Rs. 500/- and any amount thereafter. weekly (on any week day i.e Monday to Friday), monthly, quarterly, half yearly and yearly options availableBenchmark Index Nifty LargeMidcap 250 TRI IDCW Policy for Regular Plan & Direct Plan


Name of the Fund Manager Mr. Rohit Singhania Tenure: 6 Years and 5 Months (Managing the Scheme since June 2015)Mr. Jay Kothari (Dedicated Fund Manager for overseas investments): Tenure : 3 years and 8 Months (Managing the Scheme since March 2018)Mr. Charanjit Singh Tenure: 10 Months (Managing the Scheme since January 2021)



Actual Expenses for 2020 -2021- Regular Plan 1.96%- Direct Plan 1.00%Recurring Expenses Please refer to page number 14-19

PERIOD


DSPEOF REGULAR

PLAN

NIFTY LARGE

MIDCAP 250 TR INDEX

DSPEOF DIRECT PLAN

NIFTY LARGE

MIDCAP 250 TR INDEX

Last 1 Year 63.05% 65.15% 64.59% 65.15%

Last 3 Year 21.99% 22.56% 23.15% 22.56%Last 5 Year 15.27% 17.12% 16.44% 17.12%Since Inception 18.22% -- 17.90% 17.06%NAV/ Index value (Oct 29) 363.78 12,277.04 391.82 12,277.04Date of allotment 16th May, 2000 01st January, 2013




32.81

%

12.19

%

6.59%

-23.9

2%

76.66

%

31.52

%

10.92

%

5.50%

-24.6

3%

74.97

%

29.86

%

14.61

%

6.46%

-27.4

8%

85.91

%

-60.00%

-40.00%

-20.00%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

120.00%


Retur

ns

DSP Equity Opportunities Fund - DirectDSP Equity Opportunities Fund - RegularNIFTY Large Midcap 250 TR Index

31


DSP MID CAP FUNDInvestment Objective Please refer to page number 20-23Type of Scheme Mid Cap Fund- An open ended equity scheme predominantly investing in mid cap stocks

Investment Strategy

Strategy for Equity Securities- The Investment Manager will select equity securities on a bottom–up, stock–by–stock basis, with consideration given to low price–to– earnings, price–to–book, and price–to–sales ratios, as well as growth, improving margins, asset turns, and cash flows, amongst others. The Investment Manager will use a disciplined quantitative analysis of financial operating statistics. In picking out individual investment opportunities for the portfolio, among the defined universe eligible for investment, the Investment Manager will seek both value and growth. Value is discerned when the Investment Manager believes that the long term growth potential of a company is not fully reflected in the market price of the company’s securities and which potential it seeks to better every year capitalising on its various strengths, which could mean strong brand equity, growing market share, strong management and technological excellence, among others. Growth stocks, as the term suggests, are those stocks that are currently in the growth phase. The super–normal growth could be due to a new product, a new process, growing market share, stronger brand equity, technological breakthrough and unique position in a market, among other factors. The endeavor of the Investment Manager will be to pick stocks which could become potential leaders in their respective fields in the future. For detailed investment strategy refer SID.



Minimum Maximum1 (a) Equity & equity related instruments of mid cap companies# 65% 100% High1 (b) Other equity & equity related instruments 0% 35% High2. Debt and Money Market Securities* 0% 35% Low to Medium3. Units issued by REITs & InvITs 0% 10% Medium to High*Debt and money market instruments will include investments in securitised debt. #101st - 250th company in terms of full market capitalization would be considered as midcap companies. The Scheme retains the flexibility to invest across all the securities in the debt and money marketsas permitted by SEBI / RBI from time to time, including schemes of mutual funds.The net derivative position in the Scheme may be upto 100% of the net assets, subject to applicable regulatory limits. Under normal circumstances the Schemes shall not have an exposure of more than 25% of its net assets in foreign assets/securities, subject to applicable regulatory limits.Stock lending- Subject to SEBI (MF) Regulations and the applicable guidelines issued by SEBI, the Mutual Fund may engage in stock lending. The AMC shall comply with all reporting requirements and the Trustee shall carry out periodic review as required by SEBI guidelines. Stock lending means the lending of stock to another person or entity for a fixed period of time, at a negotiated compensation. The securities lent will be returned by the borrower on expiry of the stipulated period. The Investment Manager will apply the following limits, should it desire to engage in Stock Lending:1. Not more than 20% of the net assets of a Scheme can generally be deployed in Stock Lending.2. Not more than 5% of the net assets of a Scheme can generally be deployed in Stock Lending to any single counter party.





Regular and Direct Plan Purchase Additional Purchase Repurchase





Systematic Transfer Plan (STP) Rs. 500/- and any amount thereafter. weekly (on any week day i.e Monday to Friday), monthly, quarterly, half yearly and yearly options available

Benchmark Index Nifty Midcap 100 Index TRIIDCW Policy for Regular Plan & Direct Plan

The Trustee envisages declaring a IDCW under the IDCW Option, and the distribution of IDCWs and the frequency thereof are entirely at the discretion of the Trustee.

If the IDCW amount payable to Unit holders (net of tax deducted at source, wherever applicable for an amount equal to or less than Rs. 250/- in case of payout sub options of IDCW option will be compulsorily and automatically reinvested in the respective Plan. There shall be no load on IDCW so reinvested.

Name of the Fund Manager Mr. Vinit Sambre Tenure - 9 Years and 4 Months (Managing the Scheme since inception of the Scheme i.e. from July 2012.)Mr. Resham Jain Tenure : 3 Years and 8 Months (Managing the Scheme since from March 2018)Mr. Jay Kothari (Dedicated Fund Manager for overseas investments) Tenure: 3 Years and 8 Months (Managing the Scheme since from March 2018)




PERIOD


DSPMCF REGULAR

PLAN

NIFTY MIDCAP 100 TRI

DSPMCF DIRECT PLAN

NIFTY MIDCAP 100 TRI

Last 1 Year 50.67% 80.18% 52.15% 80.18%Last 3 Year 22.91% 22.18% 24.08% 22.18%Last 5 Year 15.02% 15.13% 16.06% 15.13%Since Inception 16.04% 14.21% 19.65% 16.70%NAV/ Index value (Oct 29) 92.70 40,142.32 99.46 40,142.32Date of allotment 14th November, 2006 01st January, 2013




40.68

%

11.77

%

1.42%

-18.3

0%

73.22

%

39.54

%

10.82

%

0.56%

-19.0

3%

71.57

%

36.46

%

10.25

%

-1.86

%

-35.0

6%

103.9

1%

-80.00%

-60.00%

-40.00%

-20.00%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

120.00%

140.00%


Retur

ns

DSP Midcap Fund - Dir - GrowthDSP Midcap Fund - Reg - GrowthNifty Midcap 100 TR Index

32

DSP TAX SAVER FUND


Type of Scheme An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit

Investment StrategyStrategy for Equity Securities- The Investment Manager will select equity securities on a bottom-up, stock-by-stock basis, with consideration given to low price-to-earnings, price to-book, and price-to-sales ratios, as well as improving margins, asset turns, and cash flows, amongst others. For detailed investment strategy refer SID.


InstrumentsIndicative allocations (% of total assets) Risk Profile

Minimum Maximum

Equity and equity related securities 80% 100% High

of which Investments in ADRs, GDRs and foreign equity securities 0% 20% High

Debt, securitised debt* and money market securities 0% 20% Low to Medium

* Exposure to securitised debt will not exceed 10% of the net assets of the Scheme.Stock lending- Subject to SEBI (MF) Regulations and the applicable guidelines issued by SEBI, the Mutual Fund may engage in stock lending. The AMC shall comply with all reporting requirements and the Trustee shall carry out periodic review as required by SEBI guidelines. Stock lending means the lending of stock to another person or entity for a fixed period of time, at a negotiated compensation. The securities lent will be returned by the borrower on expiry of the stipulated period. The Investment Manager will apply the following limits, should it desire to engage in Stock Lending:1. Not more than 20% of the net assets of a Scheme can generally be deployed in Stock Lending.2. Not more than 5% of the net assets of a Scheme can generally be deployed in Stock Lending to any single counter party.Overseas Investments- Under normal circumstances the Schemes shall not have an exposure of more than 20% of their net assets in foreign assets/securities, subject to applicable regulatory limits.

Plans and Options Regular Plan: l Growthl IDCW – Payout IDCW

Direct Plan:l Growthl IDCW – Payout IDCW




Purchase Additional Purchase RepurchaseRs. 500/- and any amount thereafter

Rs. 500/- and any amount thereafter Rs. 500/- or all units where amount is below Rs. 500/- (subject to completion of the 3 year Lock-in Period).

Systematic Investment Plan (SIP) Rs. 500/- and any amount thereafter. Monthly and Quarterly options available.Systematic Withdrawal Plan (SWP) Rs. 500/- and any amount thereafter. weekly, monthly, quarterly, half yearly or yearly options available subject to Lock-in- period

Systematic Transfer Plan (STP) Rs. 500/- and any amount thereafter. weekly (on any week day i.e Monday to Friday), monthly, quarterly, half yearly and yearly options available subject to Lock-in- period

Benchmark Index Nifty 500 Index TRIIDCW Policy The Trustee envisages declaring a IDCW under the IDCW Option, and the distribution of IDCWs and the frequency thereof are entirely at the discretion


Name of the Fund Manager Mr. Rohit Singhania Tenure: 6 Year and 4 Months (Managing the Scheme since inception of the Scheme i.e. July 2015)Mr. Charanjit Singh Tenure: 10 Months (Managing the Scheme since inception of the Scheme i.e. January 2021)

31.93

%

10.16

%

9.45%

-23.0

4%

79.26

%

30.67

%

8.84%

8.42%

-23.7

9%

77.54

%

25.53

%

12.87

%

9.73%

-26.6

2%

77.58

%

-60.00%

-40.00%

-20.00%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

120.00%


Retur

ns

DSP Tax Saver Fund - Dir - GrowthDSP Tax Saver Fund - GrowthNIFTY 500 TR Index



NA NA


PERIOD


DSPTSF REGULAR

PLAN

NIFTY 500 TRI

DSPTSF DIRECT PLAN

NIFTY 500 TRI

Last 1 Year 66.57% 59.08% 68.16% 59.08%Last 3 Year 24.31% 21.24% 25.53% 21.24%Last 5 Year 16.17% 16.35% 17.40% 16.35%Since Inception 15.30% 11.87% 18.88% 15.20%NAV/ Index value (Oct 29) 82.07 23,100.97 88.02 23,100.97Date of allotment 18th January, 2007 01st January, 2013

All returns are for - Growth Option. Different plans shall have a different expense structure. Since inception returns have been calculated from the date of allotment till October 29, 2021. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.Returns are computed from the Date of Allotment/1st April, as the case may

be, to 31st March of the respective financial year.

(a) Absolute Returns(b) Compounded Annualised Returns as of October 29, 2021

33

DSP SMALL CAP FUND Investment Objective Please refer to page number 20-23

Type of Scheme Small Cap Fund- An open ended equity scheme predominantly investing in small cap stocks

Investment Strategy

The Investment Manager will use a disciplined quantitative analysis of financial operating statistics. In picking out individual investment opportunities for the portfolio, among the defined universe eligible for investment, the Investment Manager will seek both value and growth. Value is discerned when the Investment Manager believes that the long term growth potential of a company is not fully reflected in the market price of the company’s securities and which potential it seeks to better every year capitalising on its various strengths, which could mean strong brand equity, growing market share, strong management and technological excellence, among others. Growth stocks, as the term suggests, are those stocks that are currently in the growth phase. he super-normal growth could be due to a new product, a new process, growing market share, stronger brand equity, technological breakthrough and unique position in a market, among other factors. For detailed note on Investment Strategy, please refer the SID.

For detailed investment strategy refer SID.



Minimum Maximum1 (a) Equity & equity related instruments of small cap companies# 65% 100% High1(b) Other equity & equity related instruments which are in the top 250 stocks by market capitalization 0% 35% High

2. Debt* and Money Market Securities 0% 35% Low to Medium3. Units issued by REITs & InvITs 0% 10% Medium to High#251st company onwards in terms of full market capitalization would be considered as small cap companies.*Debt instruments may include securitised debt upto 10% of the net assets of the Scheme. The Scheme retains the flexibility to invest across all the securities in the debt and money markets as permitted by SEBI / RBI from time to time, including schemes of mutual funds.Under normal circumstances the Schemes shall not have an exposure of more than 25% of its net assets in foreign assets/securities, subject to applicable regulatory limits. The net derivative position in the Scheme may be upto 50% of the net assets, subject to applicable regulatory limits.Stock lending- Subject to SEBI (MF) Regulations and the applicable guidelines issued by SEBI, the Mutual Fund may engage in stock lending. The AMC shall comply with all reporting requirements and the Trustee shall carry out periodic review as required by SEBI guidelines. Stock lending means the lending of stock to another person or entity for a fixed period of time, at a negotiated compensation. The securities lent will be returned by the borrower on expiry of the stipulated period. The Investment Manager will apply the following limits, should it desire to engage in Stock Lending:1. Not more than 20% of the net assets of a Scheme can generally be deployed in Stock Lending.2. Not more than 5% of the net assets of a Scheme can generally be deployed in Stock Lending to any single counter party.





Regular and Direct Plan Purchase Additional Pur-chase

Repurchase

Rs. 500/- and any amount thereafter Rs. 500/- and any amount thereafter


Systematic Investment Plan (SIP) Rs. 500/- and any amount thereafter. Monthly and Quarterly options available.Systematic Withdrawal Plan (SWP) Rs. 500/- and any amount thereafter. weekly, monthly, quarterly, half yearly or yearly options availableSystematic Transfer Plan (STP) Rs. 500/- and any amount thereafter. weekly (on any week day i.e Monday to Friday), monthly, quarterly, half yearly and yearly options availableBenchmark Index S&P BSE Small Cap Index TRIIDCW Policy The Trustee envisages declaring IDCW under the IDCW Option, and the distribution of IDCWs and the frequency thereof are entirely at the discretion


Name of the Fund Managers Mr. Vinit Sambre - Tenure - 11 Years and 5 months (Managing the Scheme since June 2010)Mr. Resham Jain - Tenure 3 years and 8 months (Managing the Scheme since March 2018)Mr. Jay Kothari (Dedicated Fund Manager for overseas investments)- Tenure - 8 Years and 8 months (Managing the Scheme since March 2013)

Temporary restriction for sub-scription of units

With effect from April 1, 2020, all lumpsum investments/subscriptions including all systematic investments in units of the Scheme shall be accepted.




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


PERIOD


DSPSCF REGULAR

PLAN

S & PBSE SMALL

CAP TRI

DSPSCF DIRECT PLAN

S & PBSE SMALL

CAP TRI

Last 1 Year 74.49% 89.49% 76.03% 89.49%Last 3 Year 26.83% 26.62% 27.96% 26.62%Last 5 Year 14.29% 16.77% 15.09% 16.77%Since Inception 17.84% 11.14% 23.39% 17.35%NAV/ Index value (Oct 29) 106.04 33,804.48 112.73 33,804.48Date of allotment 14th June, 2007 01st January, 2013




42.50

%

8.56%

-9.72

%

-29.8

8%

104.2

0%

41.54

%

8.15%

-10.2

5%

-30.4

8%

102.3

7%

37.83

%

18.55

%

-10.8

6%

-35.1

1%

116.4

5%

-80.00%

-40.00%

0.00%

40.00%

80.00%

120.00%

160.00%


Retur

ns

DSP Small Cap Fund - Dir - Growth

DSP Small Cap Fund - Reg - Growth

S&P BSE Small Cap TR Index

34

DSP FOCUS FUND Investment Objective Please refer to page number 20-23Type of Scheme An open ended equity scheme investing in maximum 30 stocks. The Scheme shall focus on multi cap stocks.

Investment Strategy

The Scheme will have a “non-diversified” portfolio and will invest primarily in the common stocks of companies that are selected for their growth potential and which are valued at a reasonable price. The Fund Manager will use a combination of top-down and bottom-up analysis to identify sector and stock weightages in the portfolio. Top down analysis involves an analysis of the macro-environment in order to understand the business cycle that various sectors are exposed to. It also involves understanding sector trends such as scale of opportunity, pricing power, volume changes, government policy, international trends etc. Bottom-up analysis involves an analysis of company specific factors such as size, competitive position, scalability, management quality, operational efficiency, financial parameters, valuation, etc. The Fund Manager will also consider the prevailing stock market conditions in the overall portfolio construction process.

The Fund Manager will invest only in those debt securities that are rated investment grade by a domestic credit rating agency such as CRISIL, ICRA, CARE, FITCH etc. or in unrated debt securities which the Fund Manager believes to be of equivalent quality. In the case of unrated debt securities, the approval of the Board of Directors of the AMC and Trustee shall be obtained prior to investment.


Types of Instruments Normal Allocation (% of Net Assets)

Risk Profile

Minimum MaximumEquity & equity related instruments 65% 100% High

Debt and Money Market Securities* 0% 35% Low to MediumUnits issued by REITs & InvITs 0% 10% Medium to High*Debt and money market instruments will include investments in securitised debt. The Scheme shall limit the number of stocks to 30. The scheme shall focus on multi cap stocks. The Scheme retains the flexibility to invest across all the securities in the debt and money markets as permitted by SEBI / RBI from time to time, including schemes of mutual funds.Under normal circumstances the Schemes shall not have an exposure of more than 25% of its net assets in foreign assets/securities, subject to applicable regulatory limits. The net derivative position in the Scheme may be upto 50% of the net assets, subject to applicable regulatory limits. Stock lending- Subject to SEBI (MF) Regulations and the applicable guidelines issued by SEBI, the Mutual Fund may engage in stock lending. The AMC shall comply with all reporting requirements and the Trustee shall carry out periodic review as required by SEBI guidelines. Stock lending means the lending of stock to another person or entity for a fixed period of time, at a negotiated compensation. The securities lent will be returned by the borrower on expiry of the stipulated period. The Investment Manager will apply the following limits, should it desire to engage in Stock Lending:1. Not more than 20% of the net assets of a Scheme can generally be deployed in Stock Lending.2. Not more than 5% of the net assets of a Scheme can generally be deployed in Stock Lending to any single counter party.

Plans and Options Regular Plan: l Growthl IDCW – Payout IDCW – Reinvestment IDCW






Systematic Investment Plan (SIP) Rs. 500/- and any amount thereafter. Monthly and Quarterly options availableSystematic Withdrawal Plan (SWP) Rs. 500/- and any amount thereafter. weekly, monthly, quarterly, half yearly or yearly options availableSystematic Transfer Plan (STP) Rs. 500/- and any amount thereafter. weekly (on any week day i.e Monday to Friday), monthly, quarterly, half yearly and yearly options availableBenchmark Index S&P BSE 200 Index TRIIDCW Policy The Trustee envisages declaring a IDCW under the IDCW Option, and the distribution of IDCW and the frequency thereof are entirely at the discretion


Name of the Fund Managers Mr. Vinit Sambre Tenure Tenure - 1 Year and 5 months (Managing since June 2020)Mr. Jay Kothari (Dedicated Fund Manager for overseas investments)- Tenure - 8 Years 8 Months (Managing the Scheme since March 2013)

24.69

%

8.05%

6.41%

-23.2

8%

69.99

%

23.80

%

7.23%

5.46%

-24.1

0%

68.18

%

24.03

%

12.49

%

12.10

%

-25.4

2%

76.26

%

-60.00%

-40.00%

-20.00%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

120.00%


Retur

ns

DSP Focus Fund - Dir - GrowthDSP Focus Fund - GrowthS&P BSE 200 TR Index



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


PERIOD


DSPFF REGULAR

PLAN

S & P BSE 200 TRI

DSPFF DIRECT PLAN

S & PBSE 200 TRI

Last 1 Year 44.75% 57.34% 46.28% 57.34%Last 3 Year 18.76% 21.33% 20.04% 21.33%Last 5 Year 11.84% 16.69% 12.90% 16.69%Since Inception 11.45% 13.30% 14.41% 15.31%NAV/ Index value (Oct 29) 34.39 9,366.08 36.92 9,366.08Date of allotment 10th June, 2010 01st January, 2013




35

1.24%

6.51% 7.0

2%

3.80%

1.14%

5.83% 6.3

8%

3.21%

0.57%

5.37% 6.0

9%

2.34%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

9.00%

FY17 FY18 (25/Jan-28/Mar) FY19 FY20 FY21

Retur

ns

DSP Arbitrage Fund - Dir - GrowthDSP Arbitrage Fund - Reg - GrowthNifty 50 Arbitrage Index

DSP ARBITRAGE FUND Investment Objective Please refer to page number 20-23

Type of Scheme An open ended scheme investing in arbitrage opportunities

Investment Strategy

The primary objective of the scheme is to invest in arbitrage opportunities between spot and futures prices of exchange traded equities and the arbitrage opportunities available within the derivative segment. If suitable arbitrage opportunities are not available in the opinion of the Investment manager, the Scheme may invest in short term debt and money market securities. The market provides opportunities to the investor to derive returns from the implied cost of carry between the underlying cash market and the derivatives market. This provides for opportunities to generate returns that are possibly higher than short term interest rates with minimal active price risk on equities. Implied cost of carry and spreads across the spot, futures and options markets can potentially lead to profitable arbitrage opportunities. The Scheme would carry out arbitrage strategies, which would entail taking offsetting positions in the various markets simultaneously. The arbitrage strategy can also be on account of buy-back of shares announced by a company and/or differences in prices between two exchanges/markets. In this case the arbitrage strategy will not include an offsetting derivatives transaction.The Investment Manager will use a disciplined quantitative analysis while accessing arbitrage opportunities. The Investment Manager will have an effective risk monitoring and control process to ensure adherence to regulatory guidelines and limits. As arbitrage opportunities are dependent on ensuing market conditions, there will be a part of the portfolio, which will be invested in debt securities and money market securities. This component of the portfolio will provide the necessary liquidity to meet redemption needs and other liquidity requirements of the Scheme


Table 1: when arbitrage opportunities are available and accessibleTypes of Instruments Exposure Risk Profile

Minimum MaximumEquity & Equity related instruments including Equity Derivatives including Index Futures, Stock Futures, Stock Options, Index Options etc.#

65% 100% High

Debt, Money market instruments 0% 35% Low to MediumWhen adequate arbitrage opportunities are not available in the Derivative and equity markets:

Table 2Types of Instruments Exposure Risk Profile

Minimum MaximumEquity & Equity related instruments including Equity Derivatives including Index Futures, Stock Futures, Stock Options, Index Options etc.#

0% 65% High

Debt, Money market instruments 35% 100% Low to Medium# The exposure to derivative shown in the above asset allocation table is exposure taken against the underlying equity investments i.e. in case the Scheme shall have a long position in a security and a corresponding short position in the same security, then the exposure for the purpose of asset allocation will be counted only for the long position. The intent is to avoid double counting of exposure and not to take additional asset allocation with the use of derivative.

Plans and Options Regular Plan: Growthl IDCW* - Payout IDCW - Reinvestment IDCWl Monthly IDCW - Payout IDCW - Reinvestment IDCW

Direct Plan: Growthl IDCW* - Payout IDCW - Reinvestment IDCWl Monthly IDCW - Payout IDCW - Reinvestment IDCW



Regular and Direct Plan Purchase Additional Purchase RepurchaseRs. 500/- and any amount thereafter Rs. 500/- and any amount thereafter Rs. 500/- or all units where amount is below

Rs. 500/-Systematic Investment Plan (SIP) Rs. 500/- and any amount thereafter- and any amount thereafter.Systematic Withdrawal Plan (SWP) Rs. 500/- and any amount thereafter. weekly, monthly, quarterly, half yearly or yearly options availableSystematic Transfer Plan (STP) Rs. 500/- and any amount thereafter. weekly (on any week day i.e Monday to Friday), monthly, quarterly, half yearly and yearly options availableBenchmark Index NIFTY 50 Arbitrage IndexIDCW Policy The Trustee reserves the right to declare a IDCW and the actual distribution thereof and the frequency of distribution are entirely at the discretion of

the Trustee.Name of the Fund Managers Mr. Aayush Ganeriwala - Equity Portion [Tenure 10 months (Managing since January 2021)]

Mr. Kedar Karnik - Debt portion -Tenure 1 Year and 5 Months (Managing since June 2020)




Not Applicable

If the units redeemed or switched-out are upto 10% of the units (the limit) purchased or switched within 30days from the date of allotment: Nil;· If units redeemed or switched out are in excess of thelimit within 30 days from the date of allotment: 0.25%;· If units are redeemed or switched out on or after 30days from the date of allotment: Nil.


PERIOD


DSPAF REGULAR

PLAN

NIFTY 50 ARBITRAGE

INDEX

DSPAF DIRECT PLAN

NIFTY 50 ARBITRAGE

INDEX

Last 1 Year 3.42% 3.89% 4.01% 3.89%Last 3 Year 4.74% 4.34% 5.36% 4.34%Last 5 Year -- -- -- --Since Inception 5.01% 4.41% 5.64% 4.41%NAV/ Index value (Oct 29) 12.02 1,991.43 12.29 1,991.43Date of allotment 25th January, 2018 25th January, 2018





36

DSP SAVINGS FUND


Type of Scheme An open ended debt scheme investing in money market instruments. A relatively low interest rate risk and moderate credit risk.

Investment Strategy The Investment Manager’s primary goal is to seek to generate returns commensurate with minimal credit risk by investing in a portfolio comprising money market securities having maturity of less than 1 year.For detailed investment strategy refer SID.


Under normal circumstances, the asset allocation of the Scheme will be as follows:

InstrumentsIndicative Allocations (% of total assets) Risk Profile

Minimum MaximumMoney market securities having maturity of less than or equal to 1 year 0% 100% Low to Medium

The Scheme will not invest in securitised debt, derivatives, and foreign debt securities.The cumulative gross exposure through money market securities/ instruments will not exceed 100% of the net assets of the Scheme.The Scheme will not participate in repo of money market and corporate debt securities.Stock lending- Subject to SEBI (MF) Regulations and the applicable guidelines issued by SEBI, the Mutual Fund may engage in stock lending. The AMC shall comply with all reporting requirements and the Trustee shall carry out periodic review as required by SEBI guidelines. Stock lending means the lending of stock to another person or entity for a fixed period of time, at a negotiated compensation. The securities lent will be returned by the borrower on expiry of the stipulated period. The Investment Manager will apply the following limits, should it desire to engage in Stock Lending:1. Not more than 20% of the net assets of a Scheme can generally be deployed in Stock Lending.2. Not more than 5% of the net assets of a Scheme can generally be deployed in Stock Lending to any single counter party.

Plans and Options Regular Plan:l Growthl Daily IDCW Reinvestment l IDCW*– Payout IDCW – Reinvestment IDCWl Monthly* IDCW – Payout IDCW – Reinvestment IDCW

Direct Plan:l Growthl Daily IDCW Reinvestment l IDCW*– Payout IDCW – Reinvestment IDCWl Monthly* IDCW – Payout IDCW – Reinvestment IDCW





Systematic Investment Plan (SIP) Rs. 500/- and any amount thereafter. Monthly and Quarterly options available.Systematic Withdrawal Plan (SWP) Rs. 500/- and any amount thereafter. Weekly, monthly, quarterly, half yearly or yearly options available.Systematic Transfer Plan (STP) Rs. 500/- and any amount thereafter. Weekly (on any week day i.e Monday to Friday), monthly, quarterly, half yearly and yearly options available.Benchmark Index CRISIL Money Market IndexIDCW Policy IDCW Option - Trustee intends to declare half yearly IDCW in the months of March and September. Monthly IDCW Option - Trustee envisages declaring

monthly IDCW for Unitholders on record as on the 28th of each month or the immediately preceding Business Day, if 28th is not a Business Day. The Trustee may alter the Record Date at its discretion. There is no assurance or guarantee regarding the rate of IDCW or regular payment of IDCW. Actual distribution of IDCW and the frequency of distribution are provisional and will be entirely at the discretion of the Trustee.

If the IDCW amount payable to Unit holders (net of tax deducted at source, wherever applicable) for an amount equal to or less than Rs. 250/- in case of payout sub options of IDCW and Monthly IDCW will be compulsorily and automatically reinvested in the respective Plan by issuing additional Units of the Plan at the Applicable NAV on the next Business day after the Record Date. There shall be no load on IDCW so reinvested.

Name of the Fund Managers Mr. Kedar Karnik Tenure: 5 Years and 4 months (Managing the Scheme since July 2016)Mr. Karan Mundhra Tenure: 6 months (Managing the Scheme since May 2021)



Not Applicable Nil


PERIOD

COMPOUNDED ANNUALISED RETURNDSP Savings Fund- Reg-

Growth


DSP Savings Fund - Dir -

Growth


Last 1 Year 3.54% 4.01% 3.77% 4.01%Last 3 Year 6.01% 5.97% 6.25% 5.97%Last 5 Year 6.10% 6.43% 6.35% 6.43%Since Inception 6.73% NA 7.25% 7.38%NAV/ Index value (Oct 29) 42.13 7,539.95 43.04 7,539.95Date of allotment 30-Sep-99 1-Jan-13



(a) Absolute Returns

6.63%

6.40%

7.84%

7.11%

5.62%6.3

7%

6.14%

7.57%

6.85%

5.40%

7.38%

6.86%

8.10%

7.12%

4.87%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%


Retur

ns

DSP Savings Fund - Dir - GrowthDSP Savings Fund - GrowthCRISIL Money Market Index

(b) Compounded Annualised Returns as of October 29, 2021


37

DSP LOW DURATION FUNDInvestment Objective Please refer to page number 20-23

Type of SchemeAn open ended low duration debt scheme investing in debt and money market securities such that the Macaulay duration of the portfolio is between 6 months and 12 months (please refer page no. 20 under the section “Where will the Scheme invest” in the SID for details on Macaulay’s Duration). A relatively low interest rate risk and moderate credit risk.

Investment Strategy The Investment Manager will invest in those debt securities that are rated investment grade by credit rating agencies or in unrated debt securities, which the Investment Manager believes to be of equivalent quality. In-house research by the Investment Manager will emphasize on credit analysis, in order to determine credit risk.The investment process follows a top down approach taking into account aspects like interest rate view, term structure of interest rates, systemic liquidity, RBI’s policy stance, inflationary expectations, Government borrowing program, fiscal deficit, global interest rates, currency movements, etc.



Instruments Indicative Allocations (% of total assets) Risk ProfileMinimum MaximumDebt* and Money market securities 0% 100% Low to Medium

*Debt securities may include securitised debts up to 50% of the net assets.The Scheme will invest in Debt and Money Market instruments such that the Macaulay duration of the portfolio is between 6 months - 12 months.The cumulative gross exposure through debt securities, money market securities/ instruments and derivatives will not exceed 100% of the net assets of the Scheme.The Scheme shall not invest in foreign debt securities.The Scheme will participate in repo of money market and corporate debt securities.The Scheme will not engage in short selling of securities and securities lending and borrowing.The Scheme may invest in derivatives upto 100% of net assets.

Plans and Options Regular Plan:l Growthl Daily* IDCW Reinvestmentl Weekly IDCW – Payout IDCW – Reinvestment IDCWl Monthly* IDCW – Payout IDCW – Reinvestment IDCWl Quarterly* IDCW – Payout IDCW – Reinvestment IDCW

Direct Plan:l Growthl Daily* IDCW Reinvestmentl Weekly IDCW – Payout IDCW – Reinvestment IDCWl Monthly* IDCW – Payout IDCW – Reinvestment IDCWl Quarterly* IDCW – Payout IDCW – Reinvestment IDCW




Purchase Additional Purchase Repurchase Rs. 500/- and any amount thereafter Rs. 500/- and any amount thereafter Rs. 500/- or all units where amount is

below Rs. 500/-Systematic Investment Plan (SIP) Rs. 500/- and any amount thereafter. Monthly and Quarterly options available.

Systematic Withdrawal Plan (SWP) Rs. 500/- and any amount thereafter. Weekly, monthly, quarterly, half yearly or yearly options available.Systematic Transfer Plan (STP) Rs. 500/- and any amount thereafter. Weekly (on any week day i.e Monday to Friday), monthly, quarterly, half yearly and yearly options available.

Benchmark Index NIFTY Low Duration Debt IndexIDCW Policy The Trustee intends to declare IDCW comprising substantially of net income and net realised gains. It should be noted that the actual distribution of IDCW

and frequency of distribution will be entirely at the discretion of the Trustee. Monthly IDCW Option - Trustee envisages declaring monthly IDCW for Unit holders on record as on the 28th of each month or immediately preceding Business Day, if 28th is not a Business Day. The Trustee may alter the Record Date at its discretion. Weekly IDCW Option - Trustee envisages declaring weekly IDCW for Unitholders on record as on the Wednesday of each week. The Trustee may alter the Record Date at its discretion. To the extent the entire net income and realised gains are not distributed, it will remain invested in the Option and reflected in the NAV. Investors may however note the IDCW distributed (net of tax deducted at source, wherever applicable) under (i) the Monthly IDCW and Quarterly IDCW, is for an amount equal to or less than Rs. 250/-, (ii) the Weekly IDCW for an amount less than Rs. 10,000/-, the IDCW, instead of being paid out to the Unit holder will be reinvested by issuing additional Units of the Scheme at the Applicable NAV on the next Business day after the Record Date. The additional Units issued and held as long term capital asset will get the benefit of long-term capital gains tax if sold after being held for greater than 36 months. For this purpose, 36 months will be computed from the date when such additional units are allotted.

Name of the Fund Managers Mr. Laukik Bagwe Tenure: 1 Year and 4 Months (Managing the Scheme since June 2020)Mr. Kedar Karnik Tenure: 5 Years and 4 Months (Managing Scheme since July 2016)



Expenses of the Scheme Entry Load Exit LoadLoad structure (as a % of Applicable NAV) Regular and Direct Plan Not Applicable Nil



PERIOD


DSP Low Duration Fund - Reg -

Growth

NIFTY LOW DURATION

DEBT INDEX

DSP Low Duration Fund - Dir -

Growth

NIFTY LOW DURATION

DEBT INDEXLast 1 Year 3.59% 4.07% 3.88% 4.07%Last 3 Year 6.63% 6.60% 6.94% 6.60%Last 5 Year 6.65% 6.70% 6.97% 6.70%Since Inception 7.18% 7.14% 7.51% 7.14%NAV/ Index value (Oct 29) 15.85 4,398.38 16.18 4,398.38Date of allotment 10-Mar-15



8.40%

7.02% 8.0

6%

8.23%

6.17%

8.03%

6.66% 7.7

6%

7.90%

5.89%

8.09%

6.68% 7.7

4%

7.73%

5.91%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%


Retur

ns

DSP Low Duration Fund - Dir - GrowthDSP Low Duration Fund - Reg - GrowthNIFTY Low Duration Debt Index


38

DSP BANKING & PSU DEBT FUNDInvestment Objective Please refer to page number 20-23

Type of Scheme An open ended debt scheme predominantly investing in Debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds. A relatively high interest rate risk and relatively low credit risk.

Investment Strategy The 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.Fixed Income research by the Investment Manager will emphasizes credit analysis, in order to determine credit risk. Credit analysis will focus on the issuer's historical and current financial condition, current and anticipated cash flow and borrowing requirements, value of assets in relation to historical cost, strengthof management, responsiveness to business conditions, credit standing, future business prospects as well as current and anticipated operating results, among other things. The Investment Manager will also analyse various economic trends in seeking to determine the likely future course of interest rates.The Investment Manager will invest only in those debt securities that are rated investment grade by a domestic credit rating agency authorised to carry out such activity, such as CRISIL, ICRA, CARE, India Ratings, etc. In-house research by the Investment Manager will emphasize on credit analysis, in order todetermine credit risk.For detailed investment strategy refer SID.


Under normal circumstances, the asset allocation of the Scheme will be as follows:Asset Category Exposure Risk Profile

Minimum MaximumMoney market and debt securities issued by banks and public sector undertakings, public financial institutions and Municipal Bonds


Government securities, Other debt and money market securities including instruments/securities issued by Non-bank financial companies (NBFCs)


Government securities will also include bonds issued by central and state governments and traded on CCIL platform. Currently these are SDLs (State Development Loans), UDAY (Ujwal DISCOM Assurance Yojana) Bonds, Oil Bonds etc.Investments in derivatives will be upto 100% of the net assets of the Scheme.

The scheme may invest in securitised debts upto 20% of the net assets.

Stock lending- Subject to SEBI (MF) Regulations and the applicable guidelines issued by SEBI, the Mutual Fund may engage in stock lending. The AMC shall comply with all reporting requirements and the Trustee shall carry out periodic review as required by SEBI guidelines. Stock lending means the lending of stock to another person or entity for a fixed period of time, at a negotiated compensation. The securities lent will be returned by the borrower on expiry of the stipulated period. The Investment Manager will apply the following limits, should it desire to engage in Stock Lending:

1. Not more than 20% of the net assets of a Scheme can generally be deployed in Stock Lending.2. Not more than 5% of the net assets of a Scheme can generally be deployed in Stock Lending to any single counter party.

Plans and Options Regular Plan:l Growthl Daily* IDCW Reinvestmentl IDCW – Payout IDCW – Reinvestment IDCWl Weekly* IDCW – Payout IDCW – Reinvestment IDCW l Monthly* IDCW – Payout IDCW – Reinvestment IDCW l Quarterly* IDCW – Payout IDCW – Reinvestment IDCW

Direct Plan:l Growthl Daily* IDCW Reinvestmentl IDCW – Payout IDCW – Reinvestment IDCWl Weekly* IDCW – Payout IDCW – Reinvestment IDCW l Monthly* IDCW – Payout IDCW – Reinvestment IDCW l Quarterly* IDCW – Payout IDCW – Reinvestment IDCW





Systematic Investment Plan (SIP) Rs. 500/- and any amount thereafter. Monthly and Quarterly options available.Systematic Withdrawal Plan (SWP) Rs. 500/- and any amount thereafter. Weekly, monthly, quarterly, half yearly or yearly options available.Systematic Transfer Plan (STP) Rs. 500/- and any amount thereafter. Weekly (on any week day i.e Monday to Friday), monthly, quarterly, half yearly and yearly options available.Benchmark Index Nifty Banking & PSU Debt Index IDCW Policy The Trustee intends to declare IDCW comprising substantially of net income and net realised gains. The Trustee, in its sole discretion, may also declare

interim IDCW. It should be noted that actual distribution of IDCW and the frequency of distribution indicated above are provisional and will be entirely at the discretion of the Trustee. Weekly IDCW Option - Trustee envisages declaring weekly IDCW for Unitholders on record as on the Wednesday of each week. Monthly IDCW Option - Trustee envisages declaring monthly IDCW for Unit holders on record as on the 28th of each month or immediately preceding Business Day, if 28th is not a Business Day. Investors may however note the IDCW distributed (net of tax deducted at source, wherever applicable) under (i) the Monthly IDCW, Quarterly IDCW and IDCW, is for an amount equal to or less than Rs. 250/-, (ii) the Weekly IDCW for an amount less than Rs. 10,000/-, the IDCW, instead of being paid out to the Unit holder will be reinvested by issuing additional Units of the Scheme at the Applicable NAV on the next Business day after the Record Date. The additional Units issued and held as long term capital asset will get the benefit of long-term capital gains tax if sold after being held for one year. For this purpose, one year will be computed from the date when such additional units are allotted.

Name of the Fund Managers Mr. Vikram Chopra Tenure: 5 years 4 months (Managing the Scheme since July 2016) Mr. Laukik Bagwe Tenure : 3 months (Managing the Scheme since July 2021)


Not Applicable Nil



PERIOD

COMPOUNDED ANNUALISED RETURNDSP Banking & PSU Debt Fund - Reg -

Growth

Nifty Banking & PSU Debt

Index

DSP Banking & PSU Debt Fund -

Dir - Growth

Nifty Banking & PSU Debt

IndexLast 1 Year 3.76% 4.56% 4.02% 4.56%Last 3 Year 8.47% 8.58% 8.79% 8.58%Last 5 Year 7.30% 7.20% 7.60% 7.20%Since Inception 8.35% 8.33% 8.69% 8.33%NAV/ Index value (Oct 29) 19.19 4,607.98 19.68 4,607.98Date of allotment 14-Sep-13



(a) Absolute Returns (b) Absolute Returns as of October 29, 2021

9.82%

6.28% 7.8

5%

10.28

%

8.31%9.4

3%

6.02% 7.5

2%

9.93%

8.02%9.2

9%

6.21%

6.41%

9.65%

7.75%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

16.00%

18.00%


Retur

ns

DSP Banking & PSU Debt Fund - Dir - GrowthDSP Banking & PSU Debt Fund - Reg - GrowthNIFTY Banking & PSU Debt Index


39


Not ApplicableHolding period from the date of allotment:<= 12 months – 1%> 12 months – Nil

4.89%

5.65%

79.90

%

4.21%

3.76%

77.17

%

0.58%

-14.74

%

76.44

%

-40.00%

-20.00%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

120.00%

FY17 FY18 FY19 (30/Nov-29/Mar) FY20 FY21

Retur

ns

DSP Healthcare Fund - Dir - GrowthDSP Healthcare Fund - Reg - GrowthS&P BSE Healthcare TRI




PERIOD

COMPOUNDED ANNUALISED RETURNDSP

HEALTHCARE FUND - REG - GROWTH

S&P HC 200 TRI

DSP HEALTHCARE FUND - DIR -

GROWTH

S&P HC 200 TRI

Last 1 Year 29.54% 30.74% 31.46% 30.74%Last 3 Year -- -- -- --Last 5 Year -- -- -- --Since Inception 32.14% 21.92% 34.35% 21.92%NAV/ Index value (Oct 29) 22.53 28,308.97 23.65 28,308.97Date of allotment 30th November, 2018 30th November, 2018


DSP HEALTHCARE FUNDInvestment ObjectiveType of Scheme

Investment Strategy


Please refer to page number 20-23An open ended equity scheme investing in healthcare and pharmaceutical sectorStrategy for Equity SecuritiesThe Investment Manager prefers adopting a top-down approach with regard to investment in equity and equity related securities. This approach encompasses an evaluation of key economic trends and a diligent study of various investment opportunities within the specified sectors in each Scheme. In picking out individual investment opportunities for the portfolio, the Investment Manager will seek both value and growth. Value is discerned when the Investment Manager believes that the inherent worth or long-term growth potential of a company is not fully reflected in the share price of the company. Growth stocks, as the term suggests, are those stocks that are currently in the growth phase. Such growth in earnings could be due to a new product, a new process, growing market share, stronger brand equity, technological breakthrough and unique or predominant position in a market, among other factors.The Investment Manager will conduct in-house research in order to identify value andgrowth stocks. The analysis will focus, among other things, on the historical and current financial condition of the company, capital structure, business prospects, strength of management, responsiveness to business conditions, product profile, brand equity, market share, competitive edge, research and technological know-how and transparency in corporate governance. The quality or strength or management would be a key focus area.Strategy for Fixed Income SecuritiesFixed Income research by the Investment Manager will emphasise credit analysis, in order to determine credit risk. Credit analysis will focus on the issuer’s historical and current financial condition, current and anticipated cash flow and borrowing requirements, value of assets in relation to historical cost, strength of management, responsiveness to business conditions, credit standing, future business prospects as well as current and anticipated operating results, among other things. The Investment Manager will also analyse various economic trends in seeking to determine the likely future course of interest rates. The Investment Manager will invest only in those debt securities that are rated investment grade by a domestic credit rating agency such as CRISIL, ICRA, CARE etc. or in unrated debt securities, which the Investment Manager believes to be of equivalent quality. Where investment in unrated debt securities is sought to be made, specific approval of the Committee/Board of Directors of the AMC and the Trustee shall be obtained prior to investment.Representative IndexDSP Healthcare Fund, a sector specific Scheme, shall focus on investing in pharmaceutical, healthcare and associated companies as mentioned earlier, keeping ‘S&P BSE Healthcare Index TRI’ (the Index) as the representative index. The Scheme shall have the flexibility to invest in stocks that are outside the composition of the Index but are within the investment focus of the Scheme. The Scheme may broadly follow the composition of the Index without necessarily tracking it. In accordance with SEBI Circular MF/CIR/09/014/2000 dated January 05, 2000, the Scheme being a sector specific Scheme, the upper ceiling on equity investments in a company by the Scheme shall be the weightage of the company in the representative sectoral index i.e., the Index as disclosed above or 10% of the NAV of the Scheme, whichever is higher. The Trustees reserves the right to change the Index, if any other appropriate/suitable index is available at a future date, in accordance with SEBI (MF) Regulations. For detailed investment strategy refer SID.Under normal circumstances, it is anticipated that the asset allocation of the Scheme shall be as follows:

Instruments Indicative allocations (% of total assets) Risk ProfileMinimum MaximumEquity and equity related securities of pharmaceutical and healthcare companies 80% 100% Medium to HighEquity and Equity related securities of other Companies 0% 20% Medium to HighDebt, securitized debt and Money Market Securities 0% 20% Low to MediumUnits issued by REITs & InvITs 0% 10% Medium to HighThe Scheme retains the flexibility to invest across all the securities in the debt and money markets as permitted by SEBI / RBI from time to time, including schemes of mutual funds.Under normal circumstances the Schemes shall not have an exposure of more than 25% of its net assets in foreign assets/securities, subject to applicable regulatory limits. The net derivative position in the Scheme may be upto 100% of the net assets, subject to applicable regulatory limits.Stock lending- Subject to SEBI (MF) Regulations and the applicable guidelines issued by SEBI, the Mutual Fund may engage in stock lending. The AMC shall comply with all reporting requirements and the Trustee shall carry out periodic review as required by SEBI guidelines. Stock lending means the lending of stock to another person or entity for a fixed period of time, at a negotiated compensation. The securities lent will be returned by the borrower on expiry of the stipulated period. The Investment Manager will apply the following limits, should it desire to engage in Stock Lending:1. Not more than 20% of the net assets of a Scheme can generally be deployed in Stock Lending.2. Not more than 5% of the net assets of a Scheme can generally be deployed in Stock Lending to any single counter party.

Plans and Options Regular Plan:l Growthl IDCW - Payout IDCW - Reinvestment IDCW

Direct Plan:l Growthl IDCW - Payout IDCW - Reinvestment IDCW




Rs. 500/-Systematic Investment Plan (SIP) Rs. 500/- and any amount thereafter-. Monthly and Quarterly options availableSystematic Withdrawal Plan (SWP) Rs. 500/- and any amount thereafter. weekly, monthly, quarterly, half yearly or yearly options availableSystematic Transfer Plan (STP) Rs. 500/- and any amount thereafter. weekly (on any week day i.e Monday to Friday), monthly, quarterly, half yearly and yearly options availableBenchmark Index S&P BSE Healthcare Index TRIIDCW Policy The Trustee reserves the right to declare a IDCW and the actual distribution thereof and the frequency of distribution are entirely at the discretion of the Trustee.Name of the Fund Manager Mr. Vinit Sambre Tenure - 2 Year 11 Months (managing scheme since November 2018)

Mr. Jay Kothari (Dedicated Fund Manager for overseas investments) Tenure – 2 Year 11 Months (managing scheme since November 2018)Mr. Chirag Dagli Tenure - 11 Months (managing scheme since December 2020)


40

DSP QUANT FUND


Type of Scheme Open Ended Equity Scheme investing based on a quant model theme

Investment Strategy

What is a factor model and why do factors work and why the preference for a multi-factor approach?

Factor strategies (also known as smart beta) today combine active and passive investing models providing the investors with the tools to express investment preferences and philosophies in an efficient manner.

Driven primarily by underperformance and shrinking alpha particularly in the large cap space, such strategies have, in recent years, gained tremendous popularity particularly in developed markets.

For detailed investment strategy refer SID of the scheme available on website (www.dspim.com)Asset Allocation Pattern of the Scheme

Types of Instruments Indicative allocations (% of total assets) Risk ProfileMinimum Maximum

A. Equity & Equity related instruments including derivatives 95% 100% Medium to HighB. Debt and money market instruments 0% 5% Low C. Units issued by REITs & InvITs 0% 5% Medium to HighThe Scheme retains the flexibility to invest across all the securities in the debt and money markets as permitted by SEBI / RBI from time to time, including schemes of mutual funds.The Scheme shall not lend securities amounting to more than 50% of the net assets of the Scheme. The Scheme will enter into securities lending in accordance with the framework specified by SEBI in this regard.The Scheme may enter into short selling transactions in accordance with the framework relating to short selling specified by SEBI. The Scheme may also participate in repo of money market and corporate debt securities.The scheme may also invest in derivatives instruments to the extent of 80% of the Net Assets as permitted vide SEBI Circular no. DNPD/Cir 29/2005 dated September 14, 2005 and SEBI Circular No. DNPD/ Cir-30/2006 dated January 20, 2006, SEBI circular No. SEBI/DNPD/ Cir-31/2006 dated September 22, 2006 and SEBI Circular No. Cir/IMD/ DF/ 11/ 2010 dated August 18, 2010. The Scheme may use fixed income derivative instruments, subject to the guidelines as may be issued by SEBI and RBI and for such purposes as maybe permitted from time to time, including for the purpose of hedging and portfolio balancing, based on the opportunities available.

Plans and Options Regular Plan:l Growthl IDCW - Payout IDCW - Reinvestment IDCW

Direct Plan:l Growthl IDCW - Payout IDCW - Reinvestment IDCW





Systematic Investment Plan (SIP) Rs. 500/- and any amount thereafter. Monthly and Quarterly options availableSystematic Withdrawal Plan (SWP) Rs. 500/- and any amount thereafter. weekly, monthly, quarterly, half yearly or yearly options availableSystematic Transfer Plan (STP) Rs. 500/- and any amount thereafter. weekly (on any week day i.e Monday to Friday), monthly, quarterly, half yearly and yearly options availableBenchmark Index S&P BSE 200 TRI IndexIDCW Policy The Trustee intends to declare IDCWs comprising substantially of net income and net capital gains. It should be noted that the actual distribution of

IDCWs and frequency of distribution will be entirely at the discretion of the Trustee. To the extent the entire net income and realised gains are not distributed, it will remain invested in the Option and reflected in the NAV.Effect of IDCW: Post declaration of IDCW, the NAV of the Units under the IDCW Payout Option (Option B) will stand reduced by the amount of IDCW declared and applicable IDCW distribution tax/surcharge/cess/any other statutory levy

Name of the Fund Manager Mr. Anil Ghelani Tenure - 2 year and 5 months (managing scheme since June 2019)Mr. Diipesh Shah Tenure - 12 months (Managing scheme since November 2020)


Not Applicable NIL



PERIOD


DSP QUANT FUND - REG - GROWTH

S&P BSE 200 TRI

DSP QUANT FUND - DIR -

GROWTH

S&P BSE 200 TRI

Last 1 Year 51.41% 57.34% 52.53% 57.34%Last 3 Year -- -- -- --Last 5 Year -- -- -- --Since Inception 25.21% 21.24% 26.16% 21.24%NAV/ Index value (Oct 29) 17.11 9,366.08 17.42 9,366.08Date of allotment 10th June, 2019 10th June, 2019


-14.5

9%

66.65

%

-15.1

3%

65.42

%

-26.5

6%

76.26

%

-60.00%

-40.00%

-20.00%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

120.00%

FY17 FY18 FY19 FY20 (10/Jun-31/Mar) FY21

Retur

ns

DSP Quant Fund - Dir - Growth

DSP Quant Fund - Reg - Growth

S&P BSE 200 TRI




41


Not Applicable Nil


7.57%

10.01

%

8.17%

7.42%

9.73%

7.90%

7.28%

12.68

%

7.69%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

FY17 FY18 FY19(10/Sep-29/Mar) FY20 FY21

Retur

ns

DSP Corporate Bond Fund - Dir - GrowthDSP Corporate Bond Fund - Reg - GrowthCrisil Composite Bond Fund Index




PERIOD


DSP CORPORATE BOND FUND

- REG - GROWTH

CRISIL COMPOSITE BOND FUND

INDEX

DSP CORPORATE

BOND FUND - DIR -

GROWTH

CRISIL COMPOSITE BOND FUND

INDEX

Last 1 Year 3.64% 3.88% 3.91% 3.88%Last 3 Year 8.64% 9.74% 8.91% 9.74%Last 5 Year -- -- -- --Since Inception 8.68% 9.88% 8.95% 9.88%NAV/ Index value (Oct 29) 12.98 3,962.35 13.09 3,962.35Date of allotment 10th September, 2018


DSP CORPORATE BOND FUNDInvestment Objective Please refer to page number 20-23Type of Scheme An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds. A relatively high interest rate risk and moderate credit risk.

Investment Strategy

The scheme under normal market conditions will primarily invest in debt and money market instruments issued by various body corporate, along with other fixed income securities including but not limited to Central and state government securities, T-Bills, Usance Bills, fixed deposits, CBLOs, Cash Management Bills, Repo (Repos including repo in corporate bonds)and other cash and cash equivalent instruments. The scheme would focus its investments predominantly in corporate debt securities across maturities which are rated AA+ and above for the purpose of achieving regular income and capital appreciation. It will look for opportunities from credit spreads among the range of available corporate bonds. The investment process follows a Top-Down approach of investment by taking into account important factors affecting interest rate environment in India. Some of these factors are term structure of interest rates, RBI’s monetary policy stance, inflationary expectations, demand supply dynamics, key economic indicators, government’s fiscal policy, global interest rate environment, FII flows, currency movements, sentiment, relative spreads among various asset classes as well as systemic liquidity. This scheme will aim to generate optimal risk-adjusted returns by periodically reviewing the interest rate environment and suitably rebalancing its asset allocation as well as portfolio duration based on the Investment Manager’s near term outlook on interest rates & credit spreads.For detailed investment strategy refer SID.



Instruments Indicative Allocations (% of total assets) Risk ProfileMinimum MaximumCorporate Bonds* (including securitized debt) which are rated AA+ and above 80% 100% Low to MediumCorporate Bonds* (including securitized debt) which are rated AA and below 0% 20% Medium to HighMoney Market Instruments and Debt Instruments issued By Central And State Governments

0% 20% Low

Units issued by REITs and InvITs 0% 10% Medium to High*Corporate Debt would include all debt securities issued by entities such as Banks, Public Sector Undertakings, Municipal Corporations, Corporates,Companies etc. and would exclude investments in Government Securities and State Development Loans.The scheme may also invest in derivatives instruments to the extent of 100% of the Net Assets as permitted vide SEBI Circular no. DNPD/Cir 29/2005 dated September 14, 2005 and SEBI Circular No. DNPD/ Cir-30/2006 dated January 20, 2006, SEBI circular No. SEBI/DNPD/ Cir-31/2006 dated September 22, 2006 and SEBI Circular No. Cir/IMD/ DF/ 11/ 2010 dated August 18, 2010.Under normal circumstances the Scheme shall not have an exposure of more than 35% of their net assets in foreign securities, subject to applicable regulatory limits.For detailed note on asset allocation refer SID of the scheme.

Plans and Options Regular Plan:• Growth• IDCW

- Payout IDCW- Reinvestment IDCW

• Monthly* IDCW - Payout IDCW- Reinvestment IDCW

• Quarterly* IDCW- Payout IDCW- Reinvestment IDCW

Direct Plan:• Growth• IDCW


• Monthly* IDCW - Payout IDCW- Reinvestment IDCW

• Quarterly* IDCW - Payout IDCW- Reinvestment IDCW






Systematic Investment Plan (SIP) Rs. 500/- and any amount thereafter. Monthly and Quarterly options availableSystematic Withdrawal Plan (SWP) Rs. 500/- and any amount thereafter. weekly, monthly, quarterly, half yearly or yearly options availableSystematic Transfer Plan (STP) Rs. 500/- and any amount thereafter. weekly (on any week day i.e Monday to Friday), monthly, quarterly, half yearly and yearly options availableBenchmark Index CRISIL Composite Bond Fund IndexIDCW Policy The Trustee intends to declare IDCWs comprising substantially of net income and net capital gains. It should be noted that the actual distribution of

IDCWs and frequency of distribution will be entirely at the discretion of the Trustee. To the extent the entire net income and realised gains are not distributed, it will remain invested in the Option and reflected in the NAV.Effect of IDCW: Post declaration of IDCW, the NAV of the Units under the IDCW Payout Option will stand reduced by the amount of IDCW declared and applicable IDCW distribution tax/surcharge/cess/any other statutory levy.

Name of the Fund Manager Mr. Vivekanand Ramakrishnan– Tenure 3 Months (Managing Scheme since July 2021)Mr. Karan Mundhra – Tenure 3 Months (Managing Scheme since July 2021)


42

1.40%

5.39%

3.14%

1.38%

5.29%

3.06%

1.37%

5.32%

3.08%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

FY17 FY18 FY19(09/Jan-29/Mar) FY20 FY21

Retur

ns

DSP Overnight Fund - DirectDSP Overnight Fund - RegularCRISIL Overnight Index



Not Applicable Nil




PERIOD


DSP OVERNIGHT FUND - REG - GROWTH

CRISIL OVERNIGHT

INDEX

DSP OVERNIGHT FUND - DIR -

GROWTH

CRISIL OVERNIGHT

INDEX

Last 1 Year 3.05% 3.20% 3.13% 3.20%Last 3 Year -- -- -- --Last 5 Year -- -- -- --Since Inception 4.11% 4.16% 4.20% 4.16%NAV/ Index value (Oct 29) 1,119.74 2,832.07 1,122.42 2,832.07Date of allotment 9th January, 2019


DSP OVERNIGHT FUNDInvestment Objective

Type of Scheme

Investment Strategy


Please refer to page number 20-23An Open Ended Debt Scheme Investing in Overnight Securities. A relatively low interest rate risk and relatively low credit risk.The Investment Manager’s primary goal is to seek to generate a reasonable return while assuming low risk and concurrently ensuring a high degree of liquidity in the portfolio of the Scheme.The Investment Manager will invest in Debt Securities and Money Market Instruments with maturity upto 1 business day only.For detailed investment strategy refer SID.Under normal circumstances, the asset allocation of the Scheme will be as follows:

Types of InstrumentsIndicative allocations (% of total assets)

Risk ProfileMinimum Maximum

Debt Securities* and Money Market Instruments* with maturity upto 1 business day 0% 100% Low * Instruments with residual maturity not greater than 1 business day, including money market instruments, Tri-party Repo/reverse repo,debt instruments, including floating rate instruments.

Plans and Options Regular Plan:• Growth• Daily IDCW

- Reinvestment IDCW• Weekly* IDCW


Unclaimed Plan^• Redemption: Upto 3 years• Redemption: Beyond 3 years• Income Distribution cum Capital Withdrawal

(‘IDCW’): Upto 3 years• Income Distribution cum Capital Withdrawal

(‘IDCW’): Beyond 3 years

Direct Plan:• Growth• Daily IDCW

- Reinvestment IDCW• Weekly* IDCW


Investors may note that under Income Distribution cum Capital Withdrawal options the amounts can be distributed out of investor’s capital (Equalization Reserve), which is part of sale price that represents realized gains.^Investors are requested to note that Unclaimed Plan shall not be available for investments by investors.




Systematic Investment Plan (SIP) Rs. 500/- and any amount thereafter. Monthly and Quarterly options availableSystematic Withdrawal Plan (SWP) Rs. 500/- and any amount thereafter. weekly, monthly, quarterly, half yearly or yearly options availableSystematic Transfer Plan (STP) Rs. 500/- and any amount thereafter. weekly (on any week day i.e Monday to Friday), monthly, quarterly, half yearly and yearly options availableBenchmark Index CRISIL Overnight IndexIDCW Policy Weekly IDCW Option - Trustee envisages declaring weekly IDCW for Unitholders on record as on the Wednesday of each week. The Trustee reserves the

right to declare IDCW and the actual distribution thereof and the frequency of distribution are entirely at the discretion of the Trustee.Name of the Fund Manager Mr. Kedar Karnik - 2 Years 10 months (Managing since January 2019)


43



Not ApplicableHolding period from the date of allotment: <= 12 months – 1%> 12 months – Nil




PERIOD


DSP VALUE FUND - REG - GROWTH

NIFTY 500 TRI

DSP VALUE FUND - DIR -

GROWTH

NIFTY 500 TRI

Last 1 Year -- -- -- --Last 3 Year -- -- -- --Last 5 Year -- -- -- --Since Inception 31.96% 36.72% 32.85% 36.72%NAV/ Index value (Oct 29) 13.20 23,100.97 13.29 23,100.97Date of allotment 10th December, 2020

Scheme Benchmark: NIFTY 500 TRI. All returns are for - Growth Option. Different plans shall have a different expense structure. Since inception returns have been calculated from the date of allotment till October 29, 2021. Scheme Benchmark has been changed to Nifty 500 TRI with effect from August 1, 2021. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

DSP VALUE FUNDInvestment Objective Please refer to page number 20-23Type of Scheme An open ended equity scheme following a value investment strategy

Investment Strategy

Investment Strategy for Equity Investments

The Scheme is an open-ended Scheme that aims to provide long term capital growth by investing primarily in a well-diversified portfolio of companies that are selected based on the criteria of Value Investing. Value investing is an investment strategy where stocks are selected that trade for less than their intrinsic values.

The Scheme proposes to carefully accumulate a portfolio of stocks, which are available at a discount to its intrinsic value through a process of Discovery. The Discovery Process would be through identification of such stocks, which have attractive valuations in relation to earnings or book value or current and/or future IDCWs and are available at a price, which can be termed as a bargain. This may constitute stocks, which have depreciated for a short period due to some exceptional circumstance or due to market correction phase or due to lack of interest in investing in a sector, which has significantly underperformed the market. Such stocks are considered to have intrinsic value because of their business models and show potential for smart growth in the future. Intrinsic value of a stock is determined through analyzing the financial statements of the companies and parameters such as EPS (Earnings per Share), the Book Value per share, free cashflow yield relative to repo rate, replacement cost, EV/EBITDA multiple which is available at significant discount to their historical averages, understanding the competition land-scape and business structure of these companies. The universe of stocks for this Scheme will be defined as those stocks whose prices are low relative to their fundamentals, their historic performance, their book values, their earnings and cash flow potential, current and/or future IDCWs, having positive earnings momentum.

For investment, AMC would use industry specific valuation measures to evaluate companies in every sector in order to select the most attractive companies for the portfolio.

Please refer SID for in detailed Investment Strategy.


InstrumentsIndicative allocations (% of total assets)

Risk ProfileMinimum Maximum

A. Equity & Equity related instruments including derivatives 65% 100% Medium to HighB. Debt, securitized debt* and money market instruments 0% 35% Low C. Units issued by REITs & InvITs 0% 10% Medium to High

*Exposure to securitized debt will not exceed 10% of the net assets of the Scheme.

The Scheme may invest up to 35% of its total assets in foreign securities.Plans and Options Regular Plan

• Growth*• IDCW

- Payout of IDCW- Reinvestment of IDCW

* default option

Direct Plan• Growth*• IDCW


* default optionInvestors may note that under Income Distribution cum Capital Withdrawal options the amounts can be distributed out of investor’s capital (Equalization Reserve), which is part of sale price that represents realized gains.




Systematic Investment Plan (SIP) Rs. 500/- and any amount thereafter. Monthly and Quarterly options availableSystematic Withdrawal Plan (SWP) Rs. 500/- and any amount thereafter. weekly, monthly, quarterly, half yearly or yearly options availableSystematic Transfer Plan (STP) Rs. 500/- and any amount thereafter. weekly (on any week day i.e Monday to Friday), monthly, quarterly, half yearly and yearly options availableBenchmark Index NIFTY 500 TRIIDCW Policy for Regular Plan &Direct Plan


Name of the Fund Manager Mr. M. Suryanarayanan (For Equity) - 11 months (Managing the Scheme since December 2020) Mr. Jay Kothari (Dedicated Fund Manager for overseas investments) - 11 months (Managing the Scheme since December 2020)

10.77

%

10.51

%

24.43

%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

FY17 FY18 FY19 FY20 FY21 (10/Dec-31/Mar)

Retur

ns

DSP Value Fund - Dir - Growth

DSP Value Fund - Reg - Growth

Nifty 500 Value 50 TRI

44

0.53%

0.52%

0.36%

0.00%

0.50%

1.00%

1.50%

2.00%

FY17 FY18 FY19 FY20 FY21(19/Mar-31/Mar)

Retur

ns

DSP Floater Fund - Dir - GrowthDSP Floater Fund - Reg - GrowthCRISIL Short Term Gilt Index



Not Applicable Nil




PERIOD


DSP FLOATER

FUND - REG - GROWTH

CRISIL SHORT TERM GILT INDEX

DSP FLOATER

FUND - DIR - GROWTH

CRISIL SHORT TERM GILT INDEX

Last 1 Year -- -- -- --Last 3 Year -- -- -- --Last 5 Year -- -- -- --Since Inception 6.91% 6.04% 7.21% 6.04%NAV/ Index value (Oct 29) 10.42 3,492.73 10.44 3,492.73Date of allotment 19th March, 2021


DSP FLOATER FUNDInvestment Objective Please refer to page number 20-23

Type of Scheme

Investment Strategy

An open ended debt scheme predominantly investing in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives. A relatively high interest rate risk and relatively low credit risk.The scheme aims to invest in debt instruments issued by Central and / or State Government, floating rate debt securities issued by Central and / or State Government (including fixed rate securities converted to floating rate exposure using swaps/derivatives). Minimum investment in floating rate debt securities would be at least 65% and whilst the fixed rate debt securities (including money market instruments & cash and cash equivalents) would remain between 0% to 35%.

The aim of the investment manager will be to allocate assets of the scheme across fixed and floating rate instruments and derivatives with an objective to generate optimal risk adjusted returns. Fixed interest rate securities are subjected to volatility in price movements corresponding to movements in interest rates. However, the interest rate in case of floating rate securities is reset in regular time intervals based on certain benchmark or a reference rate. Therefore, through diversification i.e. creating a portfolio with fixed and floating rate securities could help to minimize interest rate risk. In the absence of floating rate securities, the same can be created synthetically with a combination of derivatives like Interest Rate Swaps. The scheme intends to use derivatives as permitted by RBI/SEBI for hedging interest rate risk. The actual percentage of investments in various floating and fixed interest rate securities and position of derivatives will be decided on the basis of interest rate direction based on in-house fixed income framework (tracks various domestic and global factors like Fiscal Deficit, Current Account Deficit, Inflation, Growth, Currency, Dollar Index, US interest rates) and after considering other factors like the prevailing political conditions, etc.

Please refer SID for in detailed Investment Strategy.


InstrumentsIndicative allocations

(% of total assets) Risk Profile

Minimum MaximumFloating Rate Debt Securities (including fixed rate Securities* con-verted to floating rate exposures using swaps/ derivatives)

65% 100% Low to medium

Fixed Rate Debt Securities (including money market instruments**) 0% 35% Low to medium*Fixed rate Debt Securities constitute those securities issued by Central and / or State Government.

**Money Market instruments includes Tri Party Repo/Repo/Reverse Repo (including corporate bond repo), commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity up to one year, call or notice money, certificate of deposit, and any other like instruments as specified by the Reserve Bank of India from time to time.

Plans and Options Regular Plan• Growth*• IDCW


* default option

Direct Plan• Growth*• IDCW


* default optionInvestors may note that under Income Distribution cum Capital Withdrawal options the amounts can be distributed out of investor’s capital (Equalization Reserve), which is part of sale price that represents realized gains.



Rs. 500/-Systematic Investment Plan (SIP) Rs. 500/- and any amount thereafter. Monthly and Quarterly options availableSystematic Withdrawal Plan (SWP) Rs. 500/- and any amount thereafter. weekly, monthly, quarterly, half yearly or yearly options availableSystematic Transfer Plan (STP) Rs. 500/- and any amount thereafter. weekly (on any week day i.e Monday to Friday), monthly, quarterly, half yearly and yearly options availableBenchmark Index CRISIL Short Term Gilt IndexIDCW Policy for Regular Plan &Direct Plan

The Trustee intends to declare annual IDCW comprising substantially of net income and net capital gains. The Trustee, in its sole discretion, may also declare interim IDCW. It should be noted that actual distribution of IDCW and the frequency of distribution indicated above are provisional and will be entirely at the discretion of the Trustee.

Name of the Fund Manager Mr. Kedar Karnik- Tenure 3 months (Managing the Scheme since July 2021) Mr. Laukik Bagwe- Tenure 6 months (Managing the Scheme since May 2021)

45

DSP LIQUIDITY FUNDInvestment Objective Please refer to page number 20-23

Type of Scheme An open ended liquid scheme. A relatively low interest rate risk and moderate credit risk.Investment Strategy The Investment Manager’s primary goal is to seek to generate a reasonable return while assuming low risk and concurrently ensuring a high degree of

liquidity in the portfolio of the Scheme. The Investment Manager will invest only in those debt securities that are rated investment grade by a domestic credit rating agency authorised to carry out such activity, such as CRISIL, ICRA, CARE etc. or in unrated debt securities, which the Investment Manager believes to be of equivalent quality. Where investment in unrated debt securities is sought to be made, the specific approval of the Board of Directors of the AMC and Trustee shall be obtained prior to investment.


Instruments

Indicative Allocations (% of total assets) Risk Profile

Minimum Maximum

Money market securities and/or Debt securities* with maturity of upto 91 days. 80% 100% Low

*Debt Instruments may include securitised debts up to 30% of the net assets. This is not a Money Market Mutual Fund Scheme.This is not a Money Market Mutual Fund Scheme. The Scheme may invest in derivatives upto 100% of net assets.

Plans and Options Regular Plan:l Growthl Weekly IDCW

– Payout IDCW – Reinvestment IDCW l Daily* IDCW Reinvestment

Direct Plan:l Growthl Weekly IDCW

– Payout IDCW – Reinvestment IDCWl Daily* IDCW Reinvestment


Minimum Application Amount / Number of Units Regular Plan

and Direct Plan

Purchase Additional Purchase Repurchase

Rs. 500/- and any amount thereafterRs. 500/- and any amount thereafter


Systematic Investment Plan (SIP) Rs. 500/- and any amount thereafter

Systematic Withdrawal Plan (SWP) Rs. 500/- and any amount thereafter. weekly, monthly, quarterly, half yearly or yearly options available

Systematic Transfer Plan (STP) Rs. 500/- and any amount thereafter. weekly (on any week day i.e Monday to Friday), monthly, quarterly, half yearly and yearly options available.

Benchmark Index CRISIL Liquid Fund IndexIDCW Policy for Regular Plan & Direct Plan

Weekly IDCW – Trustee envisages declaring weekly IDCWs for Unit Holders on record as on the Wednesday of each week. The Trustee may alter the Record Date at its discretion. Daily IDCW Reinvestment Option – Trustee envisages declaring daily IDCWs for Unit Holders on record as on each day. The IDCWs so declared will be compulsorily reinvested. Actual distribution of IDCWs and the frequency of distribution are provisional and will be entirely at the discretion of the Trustee. There is no assurance or guarantee regarding the rate of IDCW or regular payment of IDCW.If the IDCW amount payable to Unit holders (net of tax deducted at source, wherever applicable): (i) for an amount less than Rs. 10, 000/- in case of Weekly IDCW Payout sub-option will be compulsorily and automatically reinvested in the Plan by issuing additional Units of the plan at the Applicable NAV on the next Business day after the Record Date. There shall be no load on IDCW so reinvested.

Name of the Fund Managers Mr. Kedar Karnik Tenure: 5 Years 4 months (Managing the Scheme since July 2016) Mr. Karan Mundhra Tenure: 6 months (Managing the Scheme since May 2021)





Not Applicable

Day of redemption/switch from the date ofapplicable NAV Exit load as a % of redemption/switch proceeds

Day 1 0.0070%

Day 2 0.0065%Day 3 0.0060%Day 4 0.0055%Day 5 0.0050%Day 6 0.0045%

Day 7 onwards 0.0000%




PERIOD

COMPOUNDED ANNUALISED RETURNDSP Liquidity Fund - Reg -

Growth

Crisil Liquid Fund Index

DSP Liquidity Fund - Dir -

Growth

Crisil Liquid Fund Index

Last 1 Year 3.15% 3.55% 3.25% 3.55%Last 3 Year 4.86% 5.24% 4.95% 5.24%Last 5 Year 5.68% 5.95% 5.79% 5.95%Since Inception 7.07% 7.00% 7.04% 7.08%

NAV/ Index value (Oct 29) 2,973.47 3,489.46 2,997.14 3,489.46Date of allotment 23-Nov-05 31-Dec-12


7.32%

6.80% 7.5

9%

6.30%

3.54%

7.21%

6.67% 7.4

8%

6.19%

3.45%

7.11%

6.79%

7.65%

6.43%

4.07%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%


Retur

ns

DSP Liquidity Fund - DirectDSP Liquidity Fund - RegularCRISIL Liquid Fund Index


46

READY RECKONER

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

Minimum Investment Amount^^

Minimum Additional Purchase^^

Inco

me

Sche

mes

DSP Short Term Fund Regular and Direct Plan

Growth *IDCW Monthly IDCW #

Weekly IDCW #

-Payout *Payout *-

ReinvestmentReinvestmentReinvestment

500 500

DSP Ultra Short Fund Regular and Direct Plan

Growth * IDCW #

Weekly IDCW Daily IDCW #

Monthly IDCW #

- Payout *Payout *-Payout*

ReinvestmentReinvestmentReinvestmentReinvestment

500 500

DSP Banking & PSU Debt Fund Regular and Direct Plan

Growth *IDCW Daily IDCW #

Weekly IDCW #

Monthly IDCW #

Quarterly IDCW #

-Payout *-Payout *Payout *Payout *

Reinvestment ReinvestmentReinvestmentReinvestmentReinvestment

500 500

DSP Low Duration Fund Regular and Direct Plan

Growth *Daily IDCW #

Weekly IDCW Monthly IDCW #

Quarterly IDCW# *

--Payout *Payout *Payout *

ReinvestmentReinvestmentReinvestmentReinvestment

500 500

DSP Savings Fund Regular and Direct Plan

Growth*Daily IDCW IDCW #

Monthly IDCW #

--Payout *Payout *

Reinvestment ReinvestmentReinvestment

500 500

DSP Corporate Bond Fund

Regular and Direct Plan GrowthIDCW Monthly IDCW #

Quarterly IDCW #

-- Payout - Payout- Payout

-ReinvestmentReinvestmentReinvestment

500 500

DSP Overnight Fund

Regular and Direct Plan GrowthDaily IDCW Weekly IDCW #

- - - Payout

-- Reinvestment- Reinvestment 500 500

Equi

ty S

chem

es

DSP Flexi Cap Fund Regular and Direct Plan Growth* IDCW

-Payout * Reinvestment 500 500

DSP Equal Opportunities Fund Regular and Direct Plan Growth *IDCW


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


DSPTax Saver Fund% Regular and Direct Plan Growth *IDCW

-Payout * 500 500

DSP Focus Fund Regular and Direct Plan Growth *IDCW


DSP Small Cap Fund Regular and Direct Plan Growth *IDCW


DSP Mid Cap Fund Regular and Direct Plan Growth *IDCW


DSP Arbitrage Fund Regular and Direct PlanGrowth *IDCW #

Monthly IDCW

-Payout *Payout *

ReinvestmentReinvestment

500 500

DSP Quant Fund Regular and Direct Plan Growth *IDCW


DSP Healthcare Fund Regular and Direct Plan Growth *IDCW


Hybr

id S

chem

es

DSP Equity & Bond Fund Regular and Direct Plan Growth *IDCW


#All subscription/switch-in application(s) and/or registration of new Systematic Investment Plan, Systematic Transfer Plan and Transfer of IDCW Plan in above mentioned options offered by the aforesaid schemes of the Fund shall be suspended with effect from April 1, 2021. * In case the investor does not fill the plan / option / sub-option properly and clearly or in case of incomplete details, non clarity or ambiguity, default options will be considered and applied. The default plan under the Scheme will be the Continuing plan there under the Scheme. ̂ ^=Any amount thereafter.

47

Benchmark Disclaimers:

TRI = Total Return Index

DSP Flexi Cap Fund and DSP Tax Saver Fund, which are benchmarked to the Nifty 500 Index, are not sponsored, endorsed, sold or promoted by NSE INDICES LIMITED (formerly known as India Index Services & Products Limited ("IISL")). NSE INDICES LIMITED is not responsible for any errors or omissions or the results obtained from the use of such index and in no event shall NSE INDICES LIMITED have any liability to any party for any damages of whatsoever nature (including lost profits) resulted to such party due to purchase or sale or otherwise, of DSP Flexi Cap Fund or DSP Tax Saver Fund marked to such index.

DSP Equity Opportunities Fund which are benchmarked to the Nifty Large Midcap 250 (TRI), are not sponsored, endorsed, sold or promoted by NSE INDICES LIMITED. NSE INDICES LIMITED is not responsible for any errors or omissions or the results obtained from the use of such index and in no event shall NSE INDICES LIMITED have any liability to any party for any damages of whatsoever nature (including lost profits) resulted to such party due to purchase or sale or otherwise, of DSP Equity Opportunities Fund marked to such index.

DSP Mid Cap Fund, which is benchmarked to the Nifty Midcap 100 index, is not sponsored, endorsed, sold or promoted by NSE INDICES LIMITED. NSE INDICES LIMITED is not responsible for any errors or omissions or the results obtained from the use of such index and in no event shall NSE INDICES LIMITED have any liability to any party for any damages of whatsoever nature (including lost profits) resulted to such party due to purchase or sale or otherwise of DSP Mid Cap Fund marked to such index.

The S&P BSE 100, S&P BSE 200, S&P BSE Small Cap Index, S&P BSE Metals, S&P BSE Oil and Gas and S&P BSE Healthcare index are product of Asia Index Private Limited, which is a joint venture of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and BSE, and has been licensed for use by DSP Investment Managers Private Limited. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); BSE® is a registered trademark of BSE Limited (“BSE”); and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). © Asia Index Private Limited 2014. All rights reserved.

© CRISIL Limited 2016. All Rights ReservedEach CRISIL Index (including, for the avoidance of doubt, its values and constituents) is the sole property of CRISIL Limited (CRISIL). No CRISIL Index may be copied, retransmitted or redistributed in any manner. While CRISIL uses reasonable care in computing the CRISIL Indices and bases its calculation on data that it considers reliable, CRISIL does not warrant that any CRISIL Index is error-free, complete, adequate or without faults. Anyone accessing and/or using any part of the CRISIL Indices does so subject to the condition that: (a) CRISIL is not responsible for any errors, omissions or faults with respect to any CRISIL Index or for the results obtained from the use of any CRISIL Index; (b) CRISIL does not accept any liability (and expressly excludes all liability) arising from or relating to their use of any part of CRISIL Indices.

NSE INDICES LIMITED does not make any representation or warranty, express or implied, to the owners of the Product(s) or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly or the ability of the Nifty 1D Rate Index /Nifty 50 Index/Nifty Next 50 Index/NIFTY 50 Equal Weight Index/NIFTY Banking & PSU Debt Index/NIFTY Low Duration Debt Index/Nifty 50 Arbitrage Index to track general stock market performance in India. The relationship of NSE INDICES LIMITED to the Issuer is only in respect of the licensing of the Indices and certain trademarks and trade names associated with such Indices which is determined, composed and calculated by NSE INDICES LIMITED without regard to the Issuer or the Product(s). NSE INDICES LIMITED does not have any obligation to take the needs of the Issuer or the owners of the Product(s) into consideration in determining, composing or calculating the Nifty 1D Rate Index /Nifty 50 Index/Nifty Next 50 Index/NIFTY 50 Equal Weight Index/NIFTY Banking & PSU Debt Index/NIFTY Low Duration Debt Index/Nifty 50 Arbitrage Index. NSE INDICES LIMITED is not responsible for or has participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. NSE INDICES LIMITED has no obligation or liability in connection with the administration, marketing or trading of the Product(s). The Product(s) are not sponsored, endorsed, sold or promoted by NSE INDICES LIMITED.

NSE INDICES LIMITED do not guarantee the accuracy and/or the completeness of the Nifty 1D Rate Index /Nifty 50 Index/Nifty Next 50 Index/NIFTY 50 Equal Weight Index/NIFTY Banking & PSU Debt Index/NIFTY Low Duration Debt Index/Nifty 50 Arbitrage Index or any data included therein and NSE INDICES LIMITED shall have not have any responsibility or liability for any errors, omissions, or interruptions therein. NSE INDICES LIMITED does not make any warranty, express or implied, as to results to be obtained by the Issuer, owners of the product(s), or any other person or entity from the use of the Nifty 1D Rate Index /Nifty 50 Index/Nifty Next 50 Index/NIFTY 50 Equal Weight Index/NIFTY Banking & PSU Debt Index/NIFTY Low Duration Debt Index/Nifty 50 Arbitrage Index or any data included therein. NSE INDICES LIMITED makes no express or implied warranties, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the index or any data included therein. Without limiting any of the foregoing, NSE INDICES LIMITED expressly disclaim any and all liability for any claims, damages or losses arising out of or related to the Products, including any and all direct, special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages.

48

Taxation

(The information is provided for general information only. However, in view of the individual nature of the implications, each investor is advised to consult his or her own tax advisors/authorized dealers with respect to the specific amount of tax and other implications arising out of his or her participation in the Schemes.)

Income Tax Rates and Withholding Rates (TDS)

Category of unitsTax Rates* under the Act TDS Rates under the Act

Residents NRI/PIOs & Other Non- resident other than FPI FPIs Residents NRI/PIOs & Other Non-

resident other than FPI FPIs

Short Term Capital Gains$

Units of a non-equity oriented Scheme

Taxable at normal rates of tax

applicable to the assessee

In respect of non-resident non-corporate Taxable at normal rates of tax applicable

to the assessee.

In respect of non-resident corporates -40%.

30% (u/s 115AD) Nil

30%* for non-residents non corporates,

40%* for non-resident corporates (u/s 195)

Nil

Units of an equity oriented Scheme (listed and unlisted) 15% on redemption of Units where STT is payable on redemption (u/s 111A) Nil 15%* Nil

Long Term Capital Gain$

Listed units of a non-equity oriented Scheme

20% with indexation, (u/s 112) ** 20% with indexation, (u/s 112)** 10% (u/s 115AD) ** Nil 20%* with indexation

(u/s 195) ** Nil

Unlisted units of a non-equity oriented Scheme

20% with indexation, (u/s 112) **

10% without indexation and no exchange fluctuation**(u/s 112) 10% (u/s 115AD) ** Nil

10%* without indexation & exchange fluctuation

(u/s 112) **Nil

Units of an equity oriented Scheme***

10% without indexation on redemption of Units where STT is payable on redemption (u/s 112A) Nil 10%* without indexation

& exchange fluctuation Nil

As per Finance Act 2020, any distribution by mutual fund will be taxed in the hands of the Unit Holder.

Distribution by Mutual Fund

Particulars

Tax Rates* under the Act TDS Rates under the Act

Residents NRI/PIOs & Other Non- resident other than FPI FPIs Residents

NRI/PIOs & Other Non- resident other than FPI

FPIs

Any distribution by equity/ non-equity fund

Taxable at normal rates of tax

applicable to the assessee

In respect of non-resident non-corporate Taxable at normal rates of tax applicable to the assessee (other than units purchased in

foreign currency)

In respect of non-resident (not being company) or foreign corporates -20%(for

units purchased in foreign currency)

20% (u/s 115AD) 10% @ (u/s 194K) 20%* (u/s 196A) 20%* (u/s 196D)or as per applicable DTAA whichever is

lower

*plus surcharge and Health and Education cess&. Surcharge as per the below tableAs per the Finance Act 2021 TDS rate in case FPI deducted under section 196D to be deducted at 20% or DTAA rate whichever is lower.@

Status of InvestorIncome > 50

lakhs and upto 1 crores(in Rs)

Income > 1 cr and upto 2 cr(in Rs)



Income exceeding 10 cr(in Rs)

Individuals/HUFs/BOIs/AOPs and Artificial juridical persons –Capital gains on Equity Oriented Funds 10% 15% 15% 15% 15%

Individuals/HUFs/BOIs/AOPs and Artificial juridical persons – Capital gains on Non Equity Oriented Funds 10% 15% 25% 37% 37%

Firms, Co-operative societies, Local authorities - 12% 12% 12% 12%Domestic Company - 7% 7% 7% 12%Foreign Company - 2% 2% 2% 5%

In case company opts for new regime of the Act then the surcharge would be applicable at the rate of 10% irrespective of the taxable income.

& Health and Education cess at the rate of 4% on income tax and surcharge.** Capital gains on redemption of units held for a period of more than 36 months from the date of allotment *** Capital gains on redemption of units held for a period of more than 12 months from the date of allotment$ including in case of consolidation of options under any scheme of a mutual fund (in the absence of any specific exemption provision in the Income-tax Act, 1961)

Any person entitled to receive any sum or income or amount, on which tax is deductible under Chapter XVIIB (hereafter referred to as deductee), shall furnish his Permanent Account Number to the person responsible for deducting such tax (hereafter referred to as deductor), failing which tax shall be deducted at the higher of the following rates, namely:(i) at the rate specified in the relevant provision of this Act; or(ii) at the rate or rates in force; or(iii) at the rate of twenty per cent.

The aforesaid provision dealing with higher taxation in the absence of furnishing Permanent Account Number shall not apply to a non-resident with effect from 1st June, 2016 on furnishing the following details and documents by such non-resident:(i) name, e-mail id, contact number; (ii) address in the country or specified territory outside India of which the non-resident is a resident; (iii) a certificate of his being resident in any country or specified territory outside India from the Government of that country or specified territory if the law of that country

or specified territory provides for issuance of such certificate; (iv) Tax Identification Number of the non-resident in the country or specified territory of his residence and in case no such number is available, then a unique number on the

basis of which the non-resident is identified by the Government of that country or the specified territory of which he claims to be a resident.

The FinanceAct 2021 has also introduced special provisions for higher rate of TDS applicable in case of non-filer of Income tax return.In case of investments by NRIs in closed ended funds during NFO, at the time of redemption of units, TDS will be deducted at the applicable rate. However, in respect of those Unit Holders who have acquired the units on the Stock Exchange post listing of units, the Unit Holders would need to provide a certificate from a Chartered Accountant certifying the details of acquisition of units to the Fund within two days of maturity of the Scheme, so as to enable the Fund to deduct TDS at the applicable rates. In the event of such details not being provided, the Fund would deduct TDS on the redemption proceeds at the highest rate of TDS applicable. For further details on taxation please refer to the clause on Taxation in the SAI.

49

Tax Chapter for investment in Overseas securities

The information is provided for general information only. This information does not purport to be a complete analysis of all relevant tax considerations; nor does it purport to be a complete description of all potential tax costs, tax incidence and risks for the investors. In view of the individual nature of the implications, each investor is advised to consult his or her own tax advisors/authorized dealers with respect to the specific amount of tax and other implications arising out of his or her participation in the schemes.

I. USA securities

1. General US Taxation Rules with Respect to Foreign Persons

Generally, US imposes tax on foreign person either on gross basis or on net basis. Foreign persons who are not engaged in a trade or business in the US are subject to US gross withholding tax on US source income which is fixed determinable annual or periodical generally called as FDAP income. A foreign person that is engaged in a US trade or business will be subject to US taxation on effectively connected taxable income (ECTI). In addition to the income tax imposed on ECTI, the US also imposes a branch profits tax on foreign corporations that has branch or permanent establishment in US. The branch profit tax is imposed on deemed remittances of after-tax effectively connected earnings and profits of foreign corporation’s US branch or permanent establishment. One can claim reduced tax rate or exemption from tax under US income tax treaty. The below discussion is based on the understanding that the Scheme would be treated as a corporation for US tax purposes. and the investors in the Mutual Fund Scheme are not tax resident of the USA or based in the USA. Thus, as long as the Scheme is treated as a corporation for US tax purposes, the investors in the Scheme should not directly be subject to US tax. For purposes of this discussion, a foreign person is a person who is not a US citizen or US resident for tax purposes and includes a foreign entity that is classified as a corporation for US tax purposes.

2. Investment in US listed companies

a) US Taxation on Disposition of Shares of US listed Companies

Subject to the discussion below concerning the taxation of ECTI, generally income from the sale of personal property by a foreign person is not US source income and should not be subject to US taxation. Thus, capital gains received by the Scheme on the disposition of shares of US listed companies, should not be subject to taxation in the US.

Trading in stock or securities is generally not considered US trade or business unless taxpayer is a dealer in stock or securities and effects the trade through US offices directly or through US office of its agent other than independent agent.

However if the Scheme invests in any entities that are treated as partnership for U.S federal income tax purposes and if these partnerships are engaged in a U.S. trade or business, then the Scheme itself would be treated as engaged in such a U.S. trade or business and would likely be required to file a U.S. income tax return and potentially pay U.S. tax on its distributive share of partnership income. It may also be subject to potential withholding tax with respect to sales of an interest in such partnership.

Gain derived by a non-U.S resident from the disposition of a U.S Real Property Interest (USRPI) may be treated as income that is effectively connected with the conduct of a U.S trade of business and thus subject to U.S federal income tax (and to a requirement to file a U.S. income tax return) under the Foreign Investment in Real Property Tax Act (FIRPTA). A USRPI includes an interest in a US Real Property Holding Company (USRPHC) which generally is defined as a US company whose assets, measured by fair market value, consist of 50% or more of USRPIs at any time during a five-year period. Such income is considered to be ECTI with the conduct of a U.S trade of business and is subject to US taxation. A foreign person who disposes of a USRPI will be subject to a 15% (w.e.f. 16 February 2016) withholding tax on the gross proceeds received and will be required to file a US federal income tax return. The final tax liability on the recognized gain on disposition of the USRPI will be set off by the 15% withholding tax on gross proceeds.

There is an exception that applies to FIRPTA for publicly traded shares of a - Qualified Investment Entity (QIE). The exception provides that if the stock of a QIE is regu-larly traded on an established securities market located in the USA (e.g., the NYSE), the stock will be treated as a USRPI only in the case of a more than 5% holder (over the course of a 5 year look-back period). The 5% holding is increased to 10% for publicly traded real estate investment trust (REIT). Such exception also applies to the disposition of an interest in a publicly traded partnership (PTP).

Thus, capital gains derived by the Scheme from the sale of regularly traded listed US equities should not be subject to tax in the US provided the Scheme holds an inter-est of 5% (10% for publicly traded REIT) or less of any class of stock. In cases where the Scheme has held, at any time within the 5-year period ending on the date of disposition, more than 5% (10% for publicly traded REIT) of the shares of a publicly-traded company that is also a USRPI, gain from disposition of such interest is subject to US federal corporate income tax.

If a partnership (including a PTP), is engaged in a U.S. trade or business, and if a non-U.S. partner disposes of the partnership interest, a portion of gain or loss is treated as connected with the conduct of a U.S. trade or business, and is therefore subject to U.S. tax. Such income also generates a requirement to file a U.S. tax return. This provision is not subject to 5% exception as mentioned above for PTPs that are USPRI. US requires 10% withholding if non-U.S. partner disposes of an interest in the part-nership. Such tax withheld can be set off against the final tax liability of the partner who sold its interest.

b) Dividend Income

US source non-effectively connected dividend income received by a foreign person is subject to a 30% withholding tax. Thus US source dividends received by the Scheme from investments in US listed companies should be subject to withholding tax of 30%. Such dividend withholding tax can be reduced pursuant to a double tax treaty as discussed further below.

3. Investment in US Mutual Funds (US MF) or Exchange Traded Funds (US ETF)

a) US Taxation on Disposition of Units of US MF or US ETF

As discussed above in point 1, generally income from the sale of personal property by a foreign person is not US source income and should not be subject to US taxation. Thus, capital gains received by the Scheme on the disposition of interests in mutual funds and exchange traded funds (ETF), should not be subject to taxation in the US.

However, if the mutual fund or ETF that is sold is a USRPHC, then the gain is considered to be effectively connected with a U.S. trade or business and thus subject to U.S taxation, unless the mutual fund or ETF whose shares are sold is (a)publicly traded and the investor held an interest of 5% or less in the mutual fund or ETF at all times during the year preceding the sale or (b) the mutual fund is a domestically controlled qualified investment entity.

b) US Taxation on Income Distribution by US MF or US ETF

US source non-effectively connected dividend income received by a foreign person is subject to a 30% withholding tax. A mutual fund or ETF that is not subject to the USRPHC - related rules described above may distribute ordinary dividends which should be subject to 30% withholding tax. Dividends designated by a Regulated Invest-ment Company (RIC) (e.g. a mutual fund) as capital gain dividends are treated as long term capital gains in the hands of the shareholders. Except as described above for mutual funds or ETFs that otherwise qualify as USRPHCs, because long-term capital gains are sourced to the domicile of the recipient, such capital gain dividends should not be U.S source if the recipient is a non-U.S person, and thus would not be subject to U.S taxation.

A foreign person or other qualified investment entity by a qualified investment entity to the extent attributable to gain from sales or exchanges by the qualified invest-ment entity of USRPIs, is treated as gain from the sale or exchange of a USRPI by the foreign person unless such distribution is with respect to stock that is publicly traded on a U.S exchange and the foreign person did not own more than 5% (or no more than 10% in the case of a REIT) of such class of stock at any time during the 1-year period ending on the date of distribution. Where the distribution is treated as gain from the sale or exchange of a USRPI, the distribution is treated as income effectively con-nected to a U.S trade or business, subject to tax at U.S corporate tax rates and withheld on at a rate of 21% of the distribution. The total amount in tax paid should not exceed the liability as determined by applying the U.S corporate rate.

Where distributions from the mutual fund or ETF are characterized as gain from the sale of a USRPI as discussed above, the income is considered effectively connected with the conduct of a U.S trade or business such that the branch profits tax provisions must be considered. The dividend equivalent amounts are subject to withholding tax at a rate of 30%. The dividend equivalent amount is generally equal to a foreign corporation’s effectively connected earnings and profits. Generally, gain on disposition of an interest in a USRPHC is excluded from the definition of effectively connected earnings and profits.

50

4. Treaty Benefits to the Mutual Fund or ETF:

It is likely that the Scheme should be considered as a Person under Indian tax laws and so a tax resident of India and so is likely to be eligible to claim the Double Taxation Avoidance Agreement (‘the DTAA’ or ‘the Treaty’) benefits between India and the US on the income earned and tax, if any, payable in the US subject to completion of necessary documentations and the Scheme obtaining a tax residence certificate form the Indian tax authorities. As long as the Scheme is treated as a corporation for US tax purposes, the investors in the Scheme should not directly be subject to US tax. The main benefit of the DTAA is that it reduces the US withholding tax amount with respect to certain U.S. source FDAP payments and may exempt ECTI if it is not attributable to a U.S. permanent establishment.

As per the Treaty:

i. The Business income earned by the Scheme in the US should not be taxable in the US if the Fund does not have a permanent establishment in the US; If the Scheme has a permanent establishment in the US, then it will be subject to US tax on profits that are attributable to that permanent establishment. US attributes business profits to U.S. permanent establishments of Indian resident corporations under the same ECTI rules applicable to non-treaty residents with respect to the assets and activities conducted in the permanent establishment. A more limited force of attraction rule is also applicable.; The Scheme could be considered to have a permanent establishment in the US if it invests in a partnership that is engaged in a trade or business in the US;

ii. Capital gains arising on disposition of USRPIs is taxable in the US as per the US tax laws. There is no exception in the DTAA for US taxation of disposition of USRPIs under the FIRPTA rules;

iii. In general, dividend income beneficially earned by the Scheme in the US should be taxable at the rate of 25% for portfolio ownership interests below 10%;

iv. Interest income beneficially earned by the Scheme in the US should be subject to withholding tax at the rate of 15% (to the extent not otherwise exempt under US internal rules such as the portfolio interest exception); and

v. Any other income should be taxable in the US as per US tax laws.

II. Luxembourg securities

Taxation on investment in Luxembourg investment funds

There are no withholding taxes on dividends paid by Luxembourg investment funds.

The fund being Non-residing investors (individuals or corporations) are exempt from taxation in Luxembourg on capital gains realized upon sale of their shares in a Luxembourg corporate investment fund (even in cases where they held a substantial shareholding of more than 10%).

III. Ireland securities

Taxation on investment in an Irish Fund

Where a Shareholder is not resident (or ordinarily resident) in Ireland for Irish tax purposes, an Irish Fund should not deduct any Irish tax in respect of the Shareholder’s Shares. In order for the non-Irish resident shareholder to be exempt from Irish Investment Undertaking Tax (“IUT”), it must complete the relevant non-resident declaration and provide a copy of that declaration to the Irish Fund. The declaration may also be provided by an Intermediary who holds Shares on behalf of non-Irish Resident Shareholders provided that, to the best of the Intermediary’s knowledge, the Shareholders are not resident (or ordinarily resident) in Ireland.

If this declaration is not received by an Irish Fund (and in the absence of written notice of approval from Revenue Commissioners being obtained by the Irish Fund dispensing with the requirement to provide such a declaration), an Irish Fund should deduct Irish tax in respect of the shares held by the non-Irish Resident Shareholder. An Irish Fund should also deduct Irish tax if the Irish Fund has information which reasonably suggests that a Shareholder’s declaration is incorrect. A Shareholder will generally have no entitlement to recover such Irish tax. An Irish Fund must be informed if a Shareholder becomes Irish tax resident.

Generally, Shareholders who are not Irish tax resident will have no other Irish tax liability with respect to their Shares. However, if a Shareholder is a company which holds its Shares through an Irish branch or agency, the Shareholder may be liable to Irish corporation tax in respect of profits and gains arising in respect of the Shares (on a self-assessment basis).

In case if the fund is deemed to be a Non-Exempt Shareholders then a Shareholder is subject to tax (e.g. because it has not provided the required non-resident declaration), an Irish Fund should deduct Irish tax on distributions, redemptions and transfers and, additionally, on ‘eighth anniversary’ events, as described below.

Distributions from an Irish Fund

If an Irish Fund pays a distribution to a non-exempt Shareholder, an Irish Fund should deduct Irish tax from the distribution. The amount of Irish tax deducted will be:

1. 25% of the distribution; where the distribution is paid to a shareholder who is an Irish resident company which has made the relevant declaration for the 25% rate to apply.2. 41% of the distribution in all other cases.

Redemptions and transfer of shares

If an Irish Fund redeems Shares held by a non-exempt Shareholder, an Irish Fund should deduct Irish tax from the redemption payment made to the Shareholder. Similarly, if a non-exempt Shareholder transfers (by sale or otherwise) an entitlement to Shares, an Irish Fund will account for Irish Investment Undertaking tax in respect of that transfer. The amount of Irish tax deducted or accounted for will be calculated by reference to the gain (if any) which has accrued to the Shareholder on the Shares being redeemed or transferred and will be equal to:

1. 25% of such gain; where the shareholder is an Irish resident company which has made the appropriate declaration for the 25% rate to apply;2. 41% of the gain in all other cases.

If Shares are not denominated in euro, a Shareholder may be liable (on a self-assessment basis) to Irish capital gains taxation on any currency gain arising on the redemption or transfer of the Shares.

“Eighth Anniversary” Events

If a non-exempt Shareholder does not dispose of Shares within eight years of acquiring them, the Shareholder will be deemed for Irish tax purposes to have disposed of the Shares on the eighth anniversary of their acquisition (and any subsequent eighth anniversary). On such deemed disposal, an Irish Fund will account for Irish tax in respect of the increase in value (if any) of those Shares over that eight-year period. The amount of Irish tax accounted for will be equal to:

1. 25% of the increase in value of the shares where the Shareholder is a company which has made the appropriate declaration for the 25% rate to apply;2. 41% of the increase in value in all other cases.

Any Irish tax paid in respect of the increase in value of Shares over the eight-year period may be set off on a proportionate basis against any future Irish tax which would oth-erwise be payable in respect of those Shares and any excess may be recovered on an ultimate disposal of the Shares.

Share Exchanges

Where a Shareholder Exchanges Shares on arm’s length terms for other Shares in the Irish Fund and no payment is received by the Shareholder, an Irish Fund should not deduct Irish tax in respect of the exchange.

Stamp Duty on transacting in shares

No Irish stamp duty (or other Irish transfer tax) will apply to the issue, transfer or redemption of Shares. If a Shareholder receives a distribution in specie of assets from the ICAV, a charge to Irish stamp duty could potentially arise.

Taxation on investment in Irish Exchange Traded Funds (ETFs)

Similar to active funds, ETFs are exempt from Irish tax on income and gains derived from their investments and are not subject to Irish tax on their net asset value. As such income and gains arising to an ETF are allowed to accumulate gross of Irish tax.

Non-Irish Resident Shareholders do not suffer any Irish tax on the occurrence of a chargeable event (e.g. distribution or redemption) provided that the relevant non-resident declaration has been provided to the fund. If the relevant declaration is not in place the ETF may be obliged to withhold tax at the appropriate rate. However, withholding tax does not need to be applied in the event that shares are held in a recognized clearing system (regardless of whether or not there is a declaration in place).

Disclosure as per SEBI circular SEBI/HO/IMD/DF2/CIR/P/2016/42 dated March 18, 2016: Sector wise break up (As on 31-Oct-2021)

DSP Flexi Cap FundSector % of SchemeFINANCIAL SERVICES 40.06%CONSUMER GOODS 11.98%INDUSTRIAL MANUFACTURING 7.21%IT 7.09%CEMENT & CEMENT PRODUCTS 6.56%PHARMA 5.39%CONSUMER SERVICES 5.29%AUTOMOBILE 4.89%OIL & GAS 3.35%TREPS / Reverse Repo / Corporate Debt Repo

2.12%

CHEMICALS 2.03%CONSTRUCTION 1.35%METALS 1.20%FERTILISERS & PESTICIDES 0.78%TEXTILES 0.27%MEDIA, ENTERTAINMENT & PUBLICATION 0.00%Net Receivables/Payables 0.43%Grand Total 100.00%

DSP India T.I.G.E.R. FundSector % of SchemeINDUSTRIAL MANUFACTURING 25.20%CONSTRUCTION 15.74%CEMENT & CEMENT PRODUCTS 10.33%OIL & GAS 9.89%CONSUMER GOODS 8.46%POWER 5.42%SERVICES 5.20%METALS 4.84%AUTOMOBILE 2.96%TELECOM 2.83%TREPS / Reverse Repo / Corporate Debt Repo

2.36%

FINANCIAL SERVICES 1.69%FERTILISERS & PESTICIDES 1.57%UTILITIES 1.33%CHEMICALS 1.22%Net Receivables/Payables 0.95%Grand Total 100.00%

DSP Equity Opportunities FundSector % of SchemeFINANCIAL SERVICES 41.09%CONSUMER GOODS 8.82%IT 6.84%PHARMA 5.70%INDUSTRIAL MANUFACTURING 5.67%OIL & GAS 5.09%CEMENT & CEMENT PRODUCTS 4.39%TELECOM 3.63%METALS 3.45%CONSTRUCTION 3.34%AUTOMOBILE 3.24%POWER 3.05%SERVICES 1.74%FERTILISERS & PESTICIDES 1.06%TREPS / Reverse Repo / Corporate Debt Repo

0.98%

CHEMICALS 0.97%CONSUMER SERVICES 0.76%Cash Margin 0.43%Net Receivables/Payables -0.25%Grand Total 100.00%

DSP Mid Cap FundSector % of Scheme

FINANCIAL SERVICES 22.41%CONSUMER GOODS 18.51%INDUSTRIAL MANUFACTURING 14.09%PHARMA 6.86%FERTILISERS & PESTICIDES 5.74%IT 4.97%CHEMICALS 4.77%AUTOMOBILE 3.93%TREPS / Reverse Repo / Corporate Debt Repo

3.20%

OIL & GAS 2.99%CONSUMER SERVICES 2.77%CONSTRUCTION 2.42%CEMENT & CEMENT PRODUCTS 2.42%SERVICES 2.27%TEXTILES 1.66%TELECOM 1.14%Net Receivables/Payables -0.14%Grand Total 100.00%

DSP Top 100 Equity FundSector % of Scheme

FINANCIAL SERVICES 42.85%IT 14.78%CEMENT & CEMENT PRODUCTS 10.23%CONSUMER GOODS 8.57%PHARMA 7.94%INDUSTRIAL MANUFACTURING 4.28%AUTOMOBILE 3.48%OIL & GAS 3.24%SERVICES 2.18%FERTILISERS & PESTICIDES 1.92%TREPS / Reverse Repo / Corporate Debt Repo

0.64%

Net Receivables/Payables -0.12%Grand Total 100.00%

DSP Tax Saver FundSector % of Scheme

FINANCIAL SERVICES 42.04%IT 9.21%CONSUMER GOODS 8.34%OIL & GAS 5.39%INDUSTRIAL MANUFACTURING 5.05%PHARMA 4.79%CEMENT & CEMENT PRODUCTS 4.07%METALS 3.48%CONSTRUCTION 3.12%TELECOM 3.02%CHEMICALS 2.74%FERTILISERS & PESTICIDES 2.03%POWER 1.78%SERVICES 1.61%AUTOMOBILE 1.14%TEXTILES 1.09%TREPS / Reverse Repo / Corporate Debt Repo

0.64%

CONSUMER SERVICES 0.09%Net Receivables/Payables 0.38%Grand Total 100.00%

DSP World Agriculture FundSector % of Scheme

Mutual Fund 97.80%TREPS / Reverse Repo / Corporate Debt Repo

3.74%


DSP Small Cap FundSector % of Scheme

CONSUMER GOODS 18.72%INDUSTRIAL MANUFACTURING 11.63%TEXTILES 10.39%AUTOMOBILE 8.28%METALS 8.18%FINANCIAL SERVICES 7.28%CHEMICALS 6.57%FERTILISERS & PESTICIDES 5.98%PHARMA 5.35%IT 4.69%CONSUMER SERVICES 4.07%TREPS / Reverse Repo / Corporate Debt Repo

2.14%

CONSTRUCTION 2.06%CEMENT & CEMENT PRODUCTS 1.51%MEDIA, ENTERTAINMENT & PUBLICA-TION

1.15%

HEALTHCARE SERVICES 1.14%TELECOM 1.00%Net Receivables/Payables -0.12%Grand Total 100.00%

DSP Equity & Bond FundSector % of Scheme

FINANCIAL SERVICES 34.15%G-Sec 16.07%CONSUMER GOODS 8.18%IT 5.56%CEMENT & CEMENT PRODUCTS 5.03%INDUSTRIAL MANUFACTURING 4.76%PHARMA 4.43%OIL & GAS 4.07%CONSUMER SERVICES 3.98%AUTOMOBILE 3.67%TREPS / Reverse Repo / Corporate Debt Repo

3.67%

CHEMICALS 1.89%CONSTRUCTION 1.34%METALS 0.93%POWER 0.80%FERTILISERS & PESTICIDES 0.68%TEXTILES 0.61%Net Receivables/Payables 0.16%Grand Total 100.00%

DSP Government Securities FundSector % of Scheme

G-Sec 45.41%TREPS / Reverse Repo / Corporate Debt Repo

22.34%

T-Bill 17.18%Cash margin 0.80%Net Receivables/Payables 14.27%Grand Total 100.00%

DSP Savings FundSector % of Scheme

FINANCIAL SERVICES 73.22%T-Bill 10.10%G-Sec 7.48%TREPS / Reverse Repo / Corporate Debt Repo

5.77%

MEDIA, ENTERTAINMENT & PUBLICA-TION

5.51%


DSP Floater FundSector % of Scheme


20.40%


51

DSP Regular Savings FundSector % of Scheme

FINANCIAL SERVICES 41.58%G-Sec 13.92%OIL & GAS 10.18%TREPS / Reverse Repo / Corporate Debt Repo

10.00%

POWER 9.75%CONSTRUCTION 4.60%IT 3.44%PHARMA 2.63%CONSUMER GOODS 2.07%CEMENT & CEMENT PRODUCTS 0.69%FERTILISERS & PESTICIDES 0.66%Net Receivables/Payables 0.48%Grand Total 100.00%

DSP Strategic Bond FundSector % of Scheme

TREPS / Reverse Repo / Corporate Debt Repo

42.39%

G-Sec 32.99%FINANCIAL SERVICES 5.87%CONSUMER GOODS 3.59%Cash Margin 0.49%Net Receivables/Payables 14.66%Grand Total 100.00%

DSP World Gold FundSector % of Scheme


4.25%

Net Receivables/Payables 0.02%Grand Total 100.00%

DSP World Energy FundSector % of Scheme


8.17%


DSP World Mining FundSector % of Scheme


4.36%


DSP Focus FundSector % of Scheme

FINANCIAL SERVICES 35.26%CONSUMER GOODS 17.91%IT 15.10%PHARMA 9.39%CEMENT & CEMENT PRODUCTS 6.88%FERTILISERS & PESTICIDES 4.12%AUTOMOBILE 3.16%OIL & GAS 2.70%SERVICES 2.67%INDUSTRIAL MANUFACTURING 2.12%TREPS / Reverse Repo / Corporate Debt Repo

1.31%


DSP US Flexible^ Equity FundSector % of Scheme


3.57%


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

DSP Banking & PSU Debt FundSector % of Scheme

FINANCIAL SERVICES 43.10%POWER 14.70%OIL & GAS 11.70%TREPS / Reverse Repo / Corporate Debt Repo

11.66%

G-Sec 11.60%CONSTRUCTION 2.56%CONSUMER GOODS 1.59%Net Receivables/Payables 3.08%Grand Total 100.00%

DSP Natural Resources and New Energy FundSector % of Scheme

OIL & GAS 36.79%METALS 33.37%Mutual Fund 23.01%TREPS / Reverse Repo / Corporate Debt Repo

7.38%


DSP Ultra Short FundSector % of Scheme

FINANCIAL SERVICES 65.33%T-Bill 10.94%TREPS / Reverse Repo / Corporate Debt Repo

7.43%

G-Sec 6.10%CONSTRUCTION 4.97%POWER 4.07%OIL & GAS 1.51%Net Receivables/Payables -0.34%Grand Total 100.00%

DSP Short Term FundSector % of Scheme

FINANCIAL SERVICES 59.01%TREPS / Reverse Repo / Corporate Debt Repo

20.88%

OIL & GAS 11.42%G-Sec 3.75%POWER 1.91%CONSTRUCTION 1.68%T-Bill 1.54%Net Receivables/Payables -0.19%Grand Total 100.00%

DSP Credit Risk FundSector % of Scheme


25.24%

TELECOM 13.45%G-Sec 10.74%AUTOMOBILE 9.01%CONSTRUCTION 8.49%CONSUMER GOODS 8.49%FINANCIAL SERVICES 6.52%CONSUMER SERVICES 4.04%METALS 2.13%Net Receivables/Payables 11.90%Grand Total 100.00%

DSP Bond FundSector % of Scheme

FINANCIAL SERVICES 48.39%G-Sec 29.07%TREPS / Reverse Repo / Corporate Debt Repo

7.82%

CONSTRUCTION 5.58%POWER 4.68%T-Bill 1.03%Net Receivables/Payables 3.42%Grand Total 100.00%

DSP Liquidity FundSector % of Scheme


36.72%

FINANCIAL SERVICES 19.69%T-Bill 10.59%CONSUMER GOODS 9.92%OIL & GAS 9.53%TELECOM 7.43%CEMENT & CEMENT PRODUCTS 2.48%AUTOMOBILE 1.24%CONSUMER SERVICES 0.62%POWER 0.13%Net Receivables/Payables 1.66%Grand Total 100.00%

DSP Value FundSector % of Scheme

Mutual Fund 26.33%IT 15.58%PHARMA 9.77%CONSUMER GOODS 6.76%FINANCIAL SERVICES 6.34%INDUSTRIAL MANUFACTURING 6.28%CEMENT & CEMENT PRODUCTS 5.32%CONSTRUCTION 3.81%AUTOMOBILE 2.50%TEXTILES 2.41%METALS 1.81%CHEMICALS 1.59%FERTILISERS & PESTICIDES 1.47%POWER 0.94%OIL & GAS 0.83%SERVICES 0.66%TREPS / Reverse Repo / Corporate Debt Repo

0.48%

Cash Margin 2.38%Net Receivables/Payables 4.77%Grand Total 100.00%

52

DSP Dynamic Asset Allocation FundSector % of Scheme

FINANCIAL SERVICES 21.02%OIL & GAS 7.49%G-Sec 7.44%TREPS / Reverse Repo / Corporate Debt Repo

6.54%

T-Bill 4.05%CONSUMER GOODS 3.40%IT 2.61%CEMENT & CEMENT PRODUCTS 2.35%INDUSTRIAL MANUFACTURING 2.02%PHARMA 1.87%CONSUMER SERVICES 1.62%AUTOMOBILE 1.43%POWER 0.83%CONSTRUCTION 0.58%METALS 0.47%FERTILISERS & PESTICIDES 0.00%CHEMICALS 0.00%HEALTHCARE SERVICES 0.00%TELECOM 0.00%MEDIA, ENTERTAINMENT & PUBLICA-TION

0.00%

SERVICES 0.00%Cash Margin 1.64%Net Receivables/Payables 34.66%Grand Total 100.00%

DSP Global Allocation FundSector % of Scheme


1.13%


DSP Equity Savings FundSector % of Scheme

FINANCIAL SERVICES 15.12%POWER 7.84%OIL & GAS 7.00%TREPS / Reverse Repo / Corporate Debt Repo

6.48%

PHARMA 5.72%T-Bill 5.68%G-Sec 5.37%IT 4.82%CONSUMER GOODS 4.69%FERTILISERS & PESTICIDES 2.03%CEMENT & CEMENT PRODUCTS 1.74%CHEMICALS 1.33%TEXTILES 1.20%INDEX OPTION 0.32%INDUSTRIAL MANUFACTURING 0.00%TELECOM 0.00%CONSUMER SERVICES 0.00%CONSTRUCTION 0.00%SERVICES 0.00%AUTOMOBILE -0.01%METALS -0.01%Cash Margin 1.91%Net Receivables/Payables 28.79%Grand Total 100.00%

DSP Low Duration FundSector % of Scheme

FINANCIAL SERVICES 63.52%OIL & GAS 13.86%G-Sec 10.91%TREPS / Reverse Repo / Corporate Debt Repo

5.43%

CONSTRUCTION 3.65%POWER 2.08%T-Bill 0.68%Net Receivables/Payables -0.14%Grand Total 100.00%

DSP 10Y G-Sec FundSector % of Scheme


2.42%


DSP Liquid ETFSector % of Scheme


99.05%

FINANCIAL SERVICES 0.34%Net Receivables/Payables 0.61%Grand Total 100.00%

DSP Arbitrage FundSector % of Scheme


6.49%

T-Bill 2.48%FERTILISERS & PESTICIDES 0.00%HEALTHCARE SERVICES 0.00%CHEMICALS 0.00%CONSTRUCTION 0.00%POWER 0.00%CONSUMER SERVICES 0.00%INDUSTRIAL MANUFACTURING 0.00%CEMENT & CEMENT PRODUCTS 0.00%MEDIA, ENTERTAINMENT & PUBLICA-TION

-0.01%

AUTOMOBILE -0.01%SERVICES -0.01%OIL & GAS -0.01%PHARMA -0.01%IT -0.01%CONSUMER GOODS -0.01%TELECOM -0.01%METALS -0.04%FINANCIAL SERVICES -0.08%Cash Margin 0.44%Net Receivables/Payables 66.45%Grand Total 100.00%

DSP Quant FundSector % of Scheme

FINANCIAL SERVICES 29.52%IT 22.03%CONSUMER GOODS 16.92%CEMENT & CEMENT PRODUCTS 8.57%PHARMA 6.71%INDUSTRIAL MANUFACTURING 2.98%AUTOMOBILE 2.94%CONSTRUCTION 2.61%CHEMICALS 2.42%TEXTILES 2.15%HEALTHCARE SERVICES 1.17%FERTILISERS & PESTICIDES 0.79%POWER 0.78%TREPS / Reverse Repo / Corporate Debt Repo

0.24%

Cash Margin 0.54%Net Receivables/Payables -0.38%Grand Total 100.00%

DSP Healthcare FundSector % of Scheme

PHARMA 65.88%HEALTHCARE SERVICES 31.88%FINANCIAL SERVICES 2.55%TREPS / Reverse Repo / Corporate Debt Repo

0.49%


DSP Nifty Next 50 Index FundSector % of Scheme

FINANCIAL SERVICES 20.09%CONSUMER GOODS 16.97%METALS 10.50%CONSUMER SERVICES 10.30%PHARMA 7.99%POWER 5.76%OIL & GAS 5.18%CEMENT & CEMENT PRODUCTS 4.03%HEALTHCARE SERVICES 3.50%CHEMICALS 2.88%IT 2.48%CONSTRUCTION 2.01%FERTILISERS & PESTICIDES 1.97%TELECOM 1.79%SERVICES 1.71%INDUSTRIAL MANUFACTURING 1.59%AUTOMOBILE 1.18%TREPS / Reverse Repo / Corporate Debt Repo

0.33%


DSP Nifty 50 Index FundSector % of Scheme

FINANCIAL SERVICES 38.08%IT 16.65%OIL & GAS 12.30%CONSUMER GOODS 10.50%AUTOMOBILE 5.04%METALS 3.52%PHARMA 3.30%CONSTRUCTION 2.77%CEMENT & CEMENT PRODUCTS 2.50%TELECOM 2.10%POWER 1.64%TREPS / Reverse Repo / Corporate Debt Repo

0.82%

SERVICES 0.66%FERTILISERS & PESTICIDES 0.53%Net Receivables/Payables -0.41%Grand Total 100.00%

DSP Equal Nifty 50 FundSector % of Scheme

FINANCIAL SERVICES 21.93%CONSUMER GOODS 13.47%AUTOMOBILE 12.59%IT 9.50%OIL & GAS 8.30%METALS 8.03%PHARMA 8.02%CEMENT & CEMENT PRODUCTS 6.05%POWER 4.20%FERTILISERS & PESTICIDES 2.04%CONSTRUCTION 2.04%TELECOM 1.90%SERVICES 1.85%TREPS / Reverse Repo / Corporate Debt Repo

0.52%


DSP Overnight FundSector % of Scheme


99.60%


DSP Corporate Bond FundSector % of Scheme

FINANCIAL SERVICES 46.00%G-Sec 16.15%POWER 12.67%OIL & GAS 9.74%CONSTRUCTION 8.29%TREPS / Reverse Repo / Corporate Debt Repo

4.36%

SERVICES 2.43%T-Bill 0.23%CEMENT & CEMENT PRODUCTS 0.17%Net Receivables/Payables -0.03%Grand Total 100.00%

53

Scheme Portfolio Holdings (Top 10 Issuer) as on 31-October-2021

Name of the Scheme Name of the issuer % of Scheme

DSP Equity Savings Fund

Government of India 11.04%Reliance Industries Limited 7.00%Clearing Corporation of India Ltd. 6.48%ICICI Bank Limited 4.83%Powergrid Infrastructure Investment Trust 4.07%

India Grid Trust 3.77%HCL Technologies Limited 3.41%HDFC Bank Limited 3.34%IPCA Laboratories Limited 2.90%Cipla Limited 2.83%

DSP World Agriculture Fund BlackRock Global Funds 97.80%Clearing Corporation of India Ltd. 3.74%

DSP World Mining Fund BlackRock Global Funds 95.56%Clearing Corporation of India Ltd. 4.36%

DSP World Energy Fund BlackRock Global Funds 96.33%Clearing Corporation of India Ltd. 8.17%

DSP World Gold Fund BlackRock Global Funds 95.73%Clearing Corporation of India Ltd. 4.25%

DSP Global Allocation Fund BlackRock Global Funds 96.94%Clearing Corporation of India Ltd. 1.13%

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

BlackRock Global Funds 96.69%

Clearing Corporation of India Ltd. 3.57%

DSP Dynamic Asset Allocation Fund

Government of India 11.49%Clearing Corporation of India Ltd. 6.54%ICICI Bank Limited 3.57%Indian Oil Corporation Limited 2.87%Bajaj Finance Limited 2.57%Housing Development Finance Corporation Limited 2.31%

HDFC Bank Limited 2.20%Hindustan Petroleum Corporation Limited 1.79%

Infosys Limited 1.63%UltraTech Cement Limited 1.61%

DSP Flexi Cap Fund

ICICI Bank Limited 9.13%HDFC Bank Limited 6.63%Avenue Supermarts Limited 4.03%UltraTech Cement Limited 3.77%Bajaj Finance Limited 3.65%Infosys Limited 3.63%Bajaj Finserv Limited 3.52%Axis Bank Limited 2.75%Kotak Mahindra Bank Limited 2.62%Motherson Sumi Systems Limited 2.27%

DSP Top 100 Equity Fund

ICICI Bank Limited 11.48%HDFC Bank Limited 8.56%UltraTech Cement Limited 7.30%Infosys Limited 6.64%HCL Technologies Limited 6.26%SBI Life Insurance Company Limited 4.86%Siemens Limited 4.28%SBI Cards & Payment Services Private Limited 4.01%

Kotak Mahindra Bank Limited 3.61%Eicher Motors Limited 3.48%

DSP Equity Opportunities Fund

ICICI Bank Limited 10.06%HDFC Bank Limited 5.40%Axis Bank Limited 4.39%Infosys Limited 4.28%State Bank of India 3.04%Bharti Airtel Limited 2.78%HCL Technologies Limited 2.55%Crompton Greaves Consumer Electricals Limited 2.39%

Bharat Petroleum Corporation Limited 2.07%Tata Steel Limited 2.05%

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

Reliance Industries Limited 5.23%Larsen & Toubro Limited 4.53%UltraTech Cement Limited 3.84%Siemens Limited 3.05%ACC Limited 2.89%Bharti Airtel Limited 2.83%Clearing Corporation of India Ltd. 2.36%G R Infraprojects Limited 2.35%Crompton Greaves Consumer Electricals Limited 2.32%

NTPC Limited 2.12%


DSP Mid Cap Fund

Supreme Industries Limited 4.93%Manappuram Finance Limited 4.34%Atul Limited 3.23%Bata India Limited 3.21%Clearing Corporation of India Ltd. 3.20%Cholamandalam Investment and Finance Company Limited 3.07%

IPCA Laboratories Limited 3.05%ICICI Bank Limited 3.03%SBI Life Insurance Company Limited 2.94%The Federal Bank Limited 2.82%

DSP Natural Resources and New Energy Fund

BlackRock Global Funds 23.01%Tata Steel Limited 9.61%Jindal Steel & Power Limited 8.68%Reliance Industries Limited 8.39%Clearing Corporation of India Ltd. 7.38%Hindalco Industries Limited 6.28%Bharat Petroleum Corporation Limited 5.49%Oil & Natural Gas Corporation Limited 5.07%GAIL (India) Limited 4.51%Hindustan Zinc Limited 4.30%

DSP Small Cap Fund

Nilkamal Limited 3.70%Chambal Fertilizers & Chemicals Limited 3.57%

Atul Limited 3.45%K.P.R. Mill Limited 3.30%Manappuram Finance Limited 3.18%IPCA Laboratories Limited 3.13%Suprajit Engineering Limited 3.12%Tube Investments of India Limited 3.05%Ratnamani Metals & Tubes Limited 2.67%GHCL Limited 2.46%

DSP Focus Fund

ICICI Bank Limited 11.51%Infosys Limited 9.47%SBI Life Insurance Company Limited 7.90%UltraTech Cement Limited 6.88%Tech Mahindra Limited 5.64%Cholamandalam Investment and Finance Company Limited 4.97%

Manappuram Finance Limited 4.80%Godrej Consumer Products Limited 4.51%Cipla Limited 4.41%Whirlpool of India Limited 4.15%

DSP Tax Saver Fund

ICICI Bank Limited 10.26%HDFC Bank Limited 6.95%Infosys Limited 5.76%Axis Bank Limited 4.63%State Bank of India 3.36%Bharti Airtel Limited 3.02%Kotak Mahindra Bank Limited 2.62%HCL Technologies Limited 2.60%Tata Steel Limited 2.16%Crompton Greaves Consumer Electricals Limited 2.10%

DSP Equity & Bond Fund

Government of India 16.07%ICICI Bank Limited 6.93%HDFC Bank Limited 5.17%Clearing Corporation of India Ltd. 3.67%UltraTech Cement Limited 2.98%Avenue Supermarts Limited 2.95%Infosys Limited 2.82%Bajaj Finance Limited 2.80%Bajaj Finserv Limited 2.78%Axis Bank Limited 2.12%

DSP Banking & PSU Debt Fund

Clearing Corporation of India Ltd. 11.66%Government of India 11.60%National Bank for Agriculture and Rural Development 9.98%

NTPC Limited 9.72%National Housing Bank 8.63%Indian Railway Finance Corporation Limited 7.33%

Power Finance Corporation Limited 6.63%Hindustan Petroleum Corporation Limited 5.24%

Indian Oil Corporation Limited 5.05%Export-Import Bank of India 4.00%

54


DSP Bond Fund

Government of India 30.11%Clearing Corporation of India Ltd. 7.82%Small Industries Development Bank of India 7.23%

Power Finance Corporation Limited 5.67%National Highways Authority of India 5.58%Bajaj Finance Limited 5.46%National Bank for Agriculture and Rural Development 5.45%

Indian Railway Finance Corporation Limited 5.38%

Axis Finance Limited 5.11%NTPC Limited 4.68%

DSP 10Y G-Sec Fund Government of India 97.45%Clearing Corporation of India Ltd. 2.42%

DSP Credit Risk Fund

Clearing Corporation of India Ltd. 25.24%Government of India 10.74%Tata Motors Limited 9.01%Tata Realty And Infrastructure Limited 8.49%Godrej Industries Limited 8.49%Bharti Hexacom Limited 8.13%Manappuram Finance Limited 6.52%Telesonic Networks Limited 5.31%Aditya Birla Fashion and Retail Limited 4.04%Hindalco Industries Limited 2.13%

DSP Liquidity Fund

Clearing Corporation of India Ltd. 36.72%Government of India 10.59%Reliance Retail Ventures Limited 7.44%Reliance Jio Infocomm Limited 7.43%Reliance Industries Limited 4.94%Chennai Petroleum Corporation Limited 4.58%HDFC Securities Limited 4.33%Housing Development Finance Corporation Limited 4.23%

Godrej Industries Limited 2.48%Julius Baer Capital (India) Private Limited 2.47%

DSP Regular Savings Fund

Government of India 13.92%Clearing Corporation of India Ltd. 10.00%Power Finance Corporation Limited 8.13%Indian Railway Finance Corporation Limited 6.97%

National Bank for Agriculture and Rural Development 6.70%

Power Grid Corporation of India Limited 5.02%Export-Import Bank of India 4.79%REC Limited 4.68%Indian Oil Corporation Limited 4.65%National Highways Authority of India 4.60%

DSP Ultra Short Fund

Government of India 17.04%Export-Import Bank of India 8.42%Axis Bank Limited 8.38%Clearing Corporation of India Ltd. 7.43%REC Limited 6.14%LIC Housing Finance Limited 5.12%National Highways Authority of India 4.97%Cholamandalam Investment and Finance Company Limited 4.55%

Housing Development Finance Corporation Limited 4.20%

IDFC First Bank Limited 4.19%

DSP Short Term Fund

Clearing Corporation of India Ltd. 20.88%National Bank for Agriculture and Rural Development 9.25%

National Housing Bank 7.87%Housing Development Finance Corporation Limited 7.32%

LIC Housing Finance Limited 6.33%REC Limited 5.87%Government of India 5.29%Reliance Industries Limited 4.99%Hindustan Petroleum Corporation Limited 4.76%

Indian Railway Finance Corporation Limited 4.29%

DSP Strategic Bond Fund

Clearing Corporation of India Ltd. 42.39%Government of India 32.99%REC Limited 3.71%Food Corporation Of India 3.59%Housing Development Finance Corporation Limited 2.16%


DSP Savings Fund

Government of India 17.58%Small Industries Development Bank of India 7.34%

Export-Import Bank of India 7.34%Clearing Corporation of India Ltd. 5.77%Housing Development Finance Corporation Limited 5.52%

Axis Bank Limited 5.51%HDFC Bank Limited 5.51%Kotak Mahindra Bank Limited 5.50%IndusInd Bank Limited 4.60%IDFC First Bank Limited 4.59%

DSP Low Duration Fund

Government of India 11.60%National Bank for Agriculture and Rural Development 8.44%


REC Limited 7.28%Reliance Industries Limited 7.06%LIC Housing Finance Limited 6.47%Power Finance Corporation Limited 6.04%Indian Oil Corporation Limited 5.56%Clearing Corporation of India Ltd. 5.43%ICICI Securities Limited 4.46%

DSP Government Securities Fund

Government of India 62.59%Clearing Corporation of India Ltd. 22.34%

DSP Equal Nifty 50 Fund

Tata Motors Limited 2.92%Titan Company Limited 2.29%State Bank of India 2.25%ICICI Bank Limited 2.20%Mahindra & Mahindra Limited 2.19%Indian Oil Corporation Limited 2.16%Oil & Natural Gas Corporation Limited 2.13%Power Grid Corporation of India Limited 2.11%NTPC Limited 2.10%Divi's Laboratories Limited 2.09%

DSP Arbitrage Fund

Government of India 26.83%Clearing Corporation of India Ltd. 6.49%Tech Mahindra Limited 0.00%Marico Limited 0.00%Colgate Palmolive (India) Limited 0.00%City Union Bank Limited 0.00%Gujarat Gas Limited 0.00%Aditya Birla Fashion and Retail Limited 0.00%Torrent Pharmaceuticals Limited 0.00%Ashok Leyland Limited 0.00%

DSP Liquid ETF Clearing Corporation of India Ltd. 99.05%Citibank N.A. 0.34%

DSP Corporate Bond Fund

Government of India 16.37%Reliance Industries Limited 9.74%National Bank for Agriculture and Rural Development 9.52%


National Highways Authority of India 8.29%NTPC Limited 7.25%Small Industries Development Bank of India 6.78%

Power Grid Corporation of India Limited 5.41%LIC Housing Finance Limited 5.34%Power Finance Corporation Limited 4.63%

DSP Healthcare Fund

Sun Pharmaceutical Industries Limited 11.51%Cipla Limited 7.84%Max Healthcare Institute Limited 7.30%Apollo Hospitals Enterprise Limited 6.39%Divi's Laboratories Limited 6.17%Procter & Gamble Health Limited 6.13%IPCA Laboratories Limited 6.02%Lupin Limited 5.65%Dr. Reddy's Laboratories Limited 5.56%Alkem Laboratories Limited 4.32%

DSP Overnight Fund Clearing Corporation of India Ltd. 99.60%

DSP Nifty 50 Index Fund

Reliance Industries Limited 10.65%HDFC Bank Limited 9.00%Infosys Limited 8.03%ICICI Bank Limited 7.22%Housing Development Finance Corporation Limited 6.67%

Tata Consultancy Services Limited 4.57%Kotak Mahindra Bank Limited 3.87%Hindustan Unilever Limited 2.78%Larsen & Toubro Limited 2.77%Bajaj Finance Limited 2.55%

55


DSP Nifty Next 50 Index Fund

Avenue Supermarts Limited 4.17%Info Edge (India) Limited 3.83%Apollo Hospitals Enterprise Limited 3.50%Vedanta Limited 3.23%Adani Enterprises Limited 3.19%ICICI Lombard General Insurance Company Limited 3.08%

Godrej Consumer Products Limited 2.95%Adani Transmission Limited 2.93%Pidilite Industries Limited 2.88%Adani Green Energy Limited 2.83%

DSP Quant Fund

Bajaj Finance Limited 4.77%Bajaj Finserv Limited 4.66%ICICI Bank Limited 4.38%Housing Development Finance Corporation Limited 4.01%

Tech Mahindra Limited 3.19%Infosys Limited 2.97%Larsen & Toubro Infotech Limited 2.95%Wipro Limited 2.91%HDFC Bank Limited 2.89%Titan Company Limited 2.81%

DSP Value Fund

Veritas Asset Management LLP 7.59%Harding Loevner Global Equity Fund (Class A USD Shares) 7.15%

Heptagon Capital LLP 6.58%Berkshire Hathaway Inc - Class B 6.35%Lindsell Train Global Equity Fund (Class C USD Shares) 5.00%

Cipla Limited 3.01%Tech Mahindra Limited 2.98%HCL Technologies Limited 2.68%Wipro Limited 2.64%Infosys Limited 2.55%

DSP Floater Fund Government of India 87.32%Clearing Corporation of India Ltd. 20.40%

Link to the scheme’s latest monthly portfolio holding: https://dspim.com/about-us/mandatory-disclosure/top-10-and-sector-allocation

Portfolio Turnover Ratio as on October 31, 2021

Scheme Name RatioDSP Equity & Bond Fund 0.89 DSP Flexi Cap Fund 0.31 DSP India T.I.G.E.R. Fund (The Infrastructure Growth and Economic Reforms Fund) 0.59

DSP Small Cap Fund 0.14 DSP Mid Cap Fund 0.27 DSP Tax Saver Fund 0.52 DSP TOP 100 Equity Fund 0.58 DSP Equity Opportunities Fund 0.47 DSP Natural Resources and New Energy Fund 0.40 DSP Focus Fund 0.43 DSP Equity Savings Fund 4.48 DSP Equal Nifty 50 Fund 0.40 DSP Arbitrage Fund 10.29 DSP Dynamic Asset Allocation Fund 5.26 DSP Healthcare Fund 0.12 DSP Nifty 50 Index Fund 0.43 DSP Nifty Next 50 Index Fund 0.41 DSP Quant Fund 0.72 DSP Value Fund 0.96

56

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

EXISTING INVESTORS TRANSACTION FORM FINANCIAL TRANSACTIONS

Distributor / RIA / PMRN Name andARN / Code Sub Broker ARN & Name Sub Broker/Branch/RM

Internal Code EUIN (Refer note below) For Offi ce use only

Commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors’ assessment of various factors including the service rendered by the distributor.Existing Folio Number Name of Sole / First Unitholder

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

(Sole / First Applicant's Signature Mandatory)

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

Amount in Figures Amount in Words

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

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

Amount in Figures

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

Amount in Words

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

* Default Option may be applied in case of no information, ambiguity or discrepancy.

Bank Account for This Redemption Proceeds (This should NOT be construedas “Change of Bank Mandate” request. Refer Instructions overleaf.)

I/We agree that the redemption proceeds should be sent entirely at our risk to the following bank account, if already registered with the fund or to the default bank account if no bank account is mentioned here.

Important Note: Unregistered bank account will not be considered, even if mentioned here. To change bank account, investors should avail multiple bank account registration facility and use a specifi c designated form for this purpose. If unit holder(s) provide a new and unregistered bank mandate with the redemption request (with or without necessary supporting documents) such bank account will not be considered for payment of redemption proceeds and will not be registered.

Bank Name

Account No.

PAN AND KYC UPDATION

Third Applicant / Guardian

Sole / First Applicant / Guardian

KYC LETTER

Attached

Attached

Attached

Second Applicant / Guardian

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

PAN of the PoA holder

Name of thePoA holder

Having read and understood the contents of the Scheme Information Document and Statement of Additional Information, Key Information Memorandum, Instructions and addenda issued by DSP Mutual Fund, I / We, hereby apply to the Trustee of DSP Mutual Fund for Units of the relevant Scheme and agree to abide by the terms and conditions, rules and regulations of the Scheme. I / We declare that the amount invested in the Scheme is through legitimate sources only and is not designed for the purpose of contravention or evasion of any Act, Regulation, Rule, Notifi cation, Directions or any other applicable laws enacted by the Government of India or any Statutory Authority. I / We have neither received nor been induced by any rebate or gifts, directly or indirectly in making this investment. The ARN holder has disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him for the diff erent competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us. Applicable to NRIs only: I/We confi rm that I am/We are Non-Resident(s) of Indian Nationality.If EUIN is left blank/not mentioned; I/We hereby confi rm that the EUIN box has been intentionally left blank by me/us as this is an “execution-only” transaction without any interaction or advice by the employee/relationship manager/sales person of the above distributor or notwithstanding the advice of in-appropriateness, if any, provided by the employee/relationship manager/sales person of the distributor and the distributor has not charged any advisory fees on this transaction.

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

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

vACKNOWLEDGEMENT SLIP DSP MUTUAL FUNDAcknowledgement is subject to verifi cation. Request may not be processed in case of incomplete / ambiguous / improper / incorrect details in Transaction Form.

ISC Stamp & Signature

Folio Number

Scheme/s

Investor Name Redemption or Switch

Amount (Rs.)

OR Units

PAN and KYC Updation

PoA Registration STP or SWP or IDCW TP

Additional Purchase or SIP

Total Amount (Rs.)

Website : www.dspim.com | E-mail : [email protected] | Contact Centre: 1800-208-4499 / 1800-200-4499

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

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

Cheque/DD/RTGS/NEFT Details:Ref. No._______________________________Date / / DD charges, if any______________________

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

1. DSP - Scheme Plan Option/Sub Option



Total Amount in words Amount in Figures

Payment from Bank A/c No.

Bank Name & Branch

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

A/c. Type Savings Current NRE NRO FCNR Others_______________Pay In A/c No.

d d m m y y y y

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

Scheme Name/Plan/Option*/Sub Option*

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

DSP -

V5 1

5/JU

L/20

20

Attached KYC Letter (Mandatory) Notarized copy of PoA FATCA

Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors’ assessment of various factors including the service rendered by the distributor.

(Please mention complete Scheme, Plan & Option)Source Scheme (From where Income Distribution cum Capital Withdrawal (IDCW)is to be transferred)

Target Scheme (From where Income Distribution cum Capital Withdrawal (IDCW)is to be transferred)

IDCW TRANSFER PLAN (Please allow 7 days to register Income Distribution cum CapitalWithdrawal (IDCW) Transfer Plan)

DSP

DSP

Name of Sole / First Unitholder Mr. Ms. M/s. Others____________ Folio Number

Scheme Name/Plan/Option*/Sub Option* DSP PLAN OPTION

PLAN OPTION

PLAN OPTION

only” transaction without any interaction or advice by the distributor personnel concerned.

Sole / FirstApplicant's Signature Mandatory

Distributor / RIA / PMRN Name and ARN / Code Sub Broker Name and ARN

Branch/RM Internal Code Employee Unique ID. No. (EUIN)

DECLARATION & SIGNATURES (To be signed as per Mode of Holding)

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

SYSTEMATIC INVESTMENT PLAN (SIP)

SIP Period

(Minimum 6 installments)

From To

Each SIP Amount (minimum Rs. 500) Rs.

D D

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

Frequency Monthly* QuarterlySIP Date

* Default Option/Date may be applied in case of no information, ambiguity or discrepancy.

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

Fixed Sum of Rs.

Capital Appreciation, subject to Minimum of Rs.500/-

(Minimum Rs.500/-)Withdrawal Amount

From ToWithdrawal Period (Period to cover - minimum 6 SWP transactions)

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

From To

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

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

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

Monthly*Quarterly

Half YearlyYearly

Any date (1st* to 31st)



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

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

Fixed Sum of Rs. Capital Appreciation, subject to Minimum of Rs.500/-

Transfer Amount(Anyone)

(Minimum Rs.500/-)

DSP

Mon* Tue Wed Thu Fri

(Tick any one) (Tick any one)

PLAN OPTION

Daily All Business days

Days/DatesFrequency

Weekly

Frequency

INSTRUCTIONSThis form should be used by existing investors only by mentioning their folio number, name and Scheme details. Please read the Scheme related documents, Addenda, KIM and Instructions there-in and below mentioned instructions carefully before filling up the form. Investors should provide details/instructions only in the designated space provided in the form else the same may not be considered. ADDITIONAL PURCHASE & PAYMENT DETAILS: Investors should fill name of the scheme, plan, option and sub-option. In case the details are not proper and clear or in case of incomplete details, non-clarity or ambiguity, default options will be considered and applied. Separate cheques and form should be given for each separate investment in different scheme, plan or option. The first unit holder should be one of the bank account holders in the pay-in bank account. Purchase application through Cheque/DD/RTGS/NEFT/Funds transfer requests should necessarily mention the pay-in bank account details i.e. account number and bank, branch name of the bank account used for issuing the payments to the fund. If this is not evidenced on the payment cheque/funds transfer/RTGS/NEFT request, or in case of demand drafts, unit holder should attach necessary supporting documents as required by the fund, like bank certificate, bank passbook copy or statement to prove that the funds are from a bank account held by first unit holder only. If the documents are not submitted with the application, the fund reserves the right to reject the application or call for additional details. ADDITIONAL PURCHASE THROUGH OTM FACILITY: If you are making payment through OTM facility registered in your folio, please tick the relevant box and do not attach any cheque. If more than one bank accounts are registered in your folio under OTM facility, please mention the bank account number and bank name where you wish the debit to happen. If the same is not mentioned or is not registered, default bank mandate under OTM facility will be considered to debit the purchase amount. KYC COMPLIANCE: Investors shall note that KYC is mandatory and they need to comply with the ‘Know Your Client’ requirements as applicable from time to time. Applications are liable to be rejected without any intimation to the applicants, if required KYC compliance is not completed by all the applicants/unit holders. REDEMPTION REQUEST: Redemption may not be processed if folio number and full scheme name including plan and option is not mentioned. Please ensure that either of amount or units is mentioned in the redemption request. The fund offers a facility to register multiple bank accounts and designate one of the bank account as “Default Bank Account”. Default Bank Account will be used for all IDCW and redemptions payouts including FMP schemes maturity proceeds unless investor specifies one of the existing registered bank account in the redemption request for receiving redemption proceeds. A new non-registered bank account specified in the specific redemption request for receiving redemption proceeds will not be considered. Consequent to introduction of “Multiple Bank Accounts Facility”, the existing facility of redemption with change of bank mandate is discontinued by the fund. New bank accounts can only be registered using the designated “Bank Account Registration Form”. BANK ACCOUNT FOR REDEMPTION PROCEEDS: Please note the following important points related to payment of redemption proceeds: � Proceeds of any redemption request will be sent only to a bank account that is already registered and validated in the folio at the time of redemption transaction processing. Unit holder(s) may choose to mention any of the existing registered bank accounts with redemption request for receiving redemption proceeds. If no registered bank account is mentioned, default bank account will be used. � If unit holder(s) provide a new and unregistered bank mandate with a specific redemption request (with or without necessary supporting documents) such bank account will not be considered for payment of redemption proceeds. POA REGISTRATION: Only a General Power of Attorney agreement without any restrictions and perennial validity is accepted. The PoA must be executed on stamp paper and registered in India and a duly notarized copy should be enclosed. The PoA must have signatures of the investor as well the PoA holder. If the signature of PoA holder is not available, the fund may call for additional documents or declarations on a case to case basis. PoA will be registered within 10 working days of receipt of all valid documents. SYTEMATIC INVESTMENT PLAN (SIP): Minimum Investment Amount for each SIP instalment is Rs.500/-. SIP/STP/SWP facility is available on all dates. SYSTEMATIC TRANSFER PLAN (STP) / SYSTEMATIC WITHDRAWAL PLAN (SWP): Please allow upto 7 days for STP/ SWP to be registered and first STP/ SWP transaction to happen. Hence form should be submitted atleast 7 days before STP / SWP start date. STP/ SWP is available in all the schemes of the Fund. STP/SWP of capital appreciation. For investors availing the transfer/ withdrawal of ‘appreciation’ option, where in any month or quarter, there is no appreciation or is less than Rs.500/-, switch/withdrawal as mentioned above, may not be carried out. In case the selected date falls on a Non-Business Day or on a date which is not available in a particular month, the SIP/STP/SWP will be processed on the immediate next business day/date. You can choose to discontinue this facility by giving 30 days written notice to the Registrar. IDCW TRANSFER PLAN: Please allow upto 7 days for IDCW Transfer Plan to be registered. Hence form should be submitted atleast 7 days before the record date of any forthcoming proposed IDCW. The Minimum amount of IDCW eligible for transfer under IDCW Transfer Plan is Rs. 500/-.

Having read and understood the contents of the Scheme Information Document and Statement of Additional Information, Key Information Memorandum, Instructions and addenda issued by DSP Mutual Fund, I / We, hereby apply to the Trustee of DSP Mutual Fund for Units of the relevant Scheme and agree to abide by the terms and conditions, rules and regulations of the Scheme. I / We declare that the amount invested in the Scheme is through legitimate sources only and is not designed for the purpose of contravention or evasion of any Act, Regulation, Rule, Notification, Directions or any other applicable laws enacted by the Government of India or any Statutory Authority. I / We have neither received nor been induced by any rebate or gifts, directly or indirectly in making this investment. The ARN holder has disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us. Applicable to NRIs only: I/We confirm that I am/We are Non-Resident(s) of Indian Nationality.

If EUIN is left blank/not mentioned; I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this is an “execution-only” transaction without any interaction or advice by the employee/relationship manager/sales person of the above distributor or notwithstanding the advice of in-appropriateness, if any, provided by the employee/relationship manager/sales person of the distributor and the distributor has not charged any advisory fees on this transaction.

Withdrawal Date

Please mention any of the registered bank account details in the folio for Payout. If no details are mentioned payout will be credited to the default bank account.

Bank Name

Bank Account No.

D D

D D

Monthly* Half Yearly Yearly Quarterly

SIP / STP / SWP / IDCW TP

To

Distributor / RIA / PMRN Name and ARN / Code

NRI Investors should mention their Overseas address (Refer instructions).

Commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors’ assessment of various factors including the service rendered by the distributor.

(As per PAN) (Refer Instructions)



2nd Applicant Name


3rd Applicant Name

For Product Labelling & Suitability (Including Risk-o-Meter of Benchmark) and PRC Matrix For Debt Schemes available on cover pages

Contact Center: 1800-208-4499 / 1800-200-4499

Nominee Name/s & PANRelationship

with applicant

If Nominee is a Minor*

Guardian Name & PAN Date of Birth

Allocation(%)

Nominee Signature

123Address *In case of each Minor as Nominee, please mention

Guardian’s relationship with Minor as Mother / Father /

Total 100%

Legal Guardian & Attach proof like Birth Certificate / School Leaving Certificate / Passport / Others.

*Please attach proof of date of birth of minor like Birth Certificate, School Leaving Certificate, Passport etc.

Name/s mentioned are as per PAN onlyAddress, Email ID/Mobile are correctly mentioned.

%

Top-Up CAP*:

%

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

Sole / FirstApplicant'sSignature Mandatory

x FirstUnitHolder’sSignature

SecondUnitHolder’sSignature

ThirdUnitHolder’sSignature

Please tick as applicable: OTM Debit Mandate is already registered in the folio. [No need to submit again]. OTM Debit Mandate is attached and to be registered in the folio.

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

DEBIT MANADATE FORM SIP FORM

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

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

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

ISC Stamp

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

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

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

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

Website : www.dspim.com | E-mail : [email protected] | Contact Centre : 1800-208-4499 / 1800-200-4499

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

SIP Installment Amount (`)

Sr.No.

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

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

Start Month/YearEnd Month/Year#Frequency

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

Distributor / RIA / PMRN Name and ARN / Code Sub Broker ARN & Name Sub Broker/Branch/RM Internal Code

EUIN (Refer note below) For Office use only

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

Total

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

1. Monthly*

Quarterly

DSP -

Half-yearly

Yearly*`

Top-Up CAP*:

OR

2. Monthly*

Quarterly

DSP -

Half-yearly

Yearly*` OR

3. Monthly*

Quarterly

DSP -

Half-yearly

Yearly*`

Top-Up CAP*:

%OR

SIP Date(1st* to 31st)

D D

D D

D D

For

From

Perpetual 7 yrs 5 yrs10 yrs

M M Y Y Y Y

Or till M M Y Y Y Y

For

From


M M Y Y Y Y

Or till M M Y Y Y Y

For

From


M M Y Y Y Y

Or till M M Y Y Y Y

(*Default option/Date)(#Default/Perpetual: 12/2099)

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

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

an amount of Rupees `

Bank A/c No.:

Bank Name & BranchWith Bank: IFSC/MICR

UMRN Office use only

Office use onlySponsor Bank Code

Office use onlyUtility Code

I/We hereby authorize: DSP MUTUAL FUND Schemes

to debit (tick) SB / CA / CC / SB-NRE / SB-NRO / Other

Reference 1 Folio No: Reference 2 Appln No:

Tick() CREATE MODIFY CANCEL

Date D D M M Y Y Y Y

Mobile

From D D M M Y Y Y Y

to

or Until Cancelled

PERIOD

Signature of Account Holder1.

Name of Account Holder1.





D D M M Y Y Y Y

In FiguresIn Words

Fixed Amount Maximum AmountDebit Type FREQUENCY Mthly Qtly H. Yrly Yrly As & when presented

• Investors who have already submitted an OTM form or already registered for OTM facility should not submit OTM form again as OTM registration is a one-time process only for each bank account. However, such investors if wish to add a new bank account towards OTM facility may fill the form.

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

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

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

• With the introduction of One Time mandate (OTM) facility, the mandate registration and SIP registration through OTM facility has been delinked. There are two separate forms, 1) for onetime mandate registration and 2) for SIP Registration.

• Where a onetime mandate is already registered in a folio for a bank account, the Unit Holder(s) will have to fill only the SIP Registration Form and there is no need of a separate cheque to be given along with the SIP Registration Form.

• The total of all installments in a day should be less than or equal to the amount as mentioned in One Time Mandate already registered or submitted, if not registered.

• Where the mandate form and the SIP registration form are submitted together, debits for the SIP may happen only on successful registration of the mandate by the Unit holder(s) bank. The Fund / AMC would present the SIP transactions without waiting for the confirmation of the successful registration from the Unit holder(s)’ bank.

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

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

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

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

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

• In case the selected date falls on a Non-Business Day or on a date which is not available in a particular month, the SIP will be processed on the immediate next business day/date.

• For SIPs through OTM, the maximum per installment amount after Top-Up shall not exceed Rs. 5 lakhs or the maximum amount mentioned in OTM form, whichever is less.

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

• DSP Mutual Fund or the AMC, its registrars and other service providers are not responsible if the registration and subsequent transaction are delayed or not effected or the investor's bank account is debited in advance or after the specific SIP date due to local holidays or any other reason.

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

Terms and Conditions and InstructionsFor detailed terms and conditions on SIP, including for OTM facility,

please visit our website www.dspim.com and also refer to scheme related documents.

I/We acknowledge and confi rm that the information provided above is/are true and correct to the best of my/our knowledge and belief and provided after necessary consultation with tax professionals. I / We have understood the information requirements of the application form, including FATCA and CRS requirements, terms and conditions (read along with instructions and scheme related documents) and hereby confi rm that the information provided by me/us on this form are true, correct, and complete.

Place :

Page 1 of 2

Date :

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

FATCA and CRS DETAILS (Mandatory)(Please consult your professional tax advisor for further guidance on FATCA & CRS classification)

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

G I I N

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

Name of sponsoring entity:

G I I N - Not Available Applied for

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

Not obtained – Non-participating FI

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

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

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

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

Name of stock exchange_______________________________________________________________________

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

Yes Also provide UBO Form

Nature of Business____________________________________________________________________________

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

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

Yes Also provide UBO Form

Nature of Business_____________________________________________________________________________

FATCA, CRS AND ADDITIONAL KYC

Please refer Page 2 for Defi nitions / Instructions / Guidance Mandatory for Non-Individual Investors, including HUFDetails and Declaration form

INVESTOR DETAILS

Entity Name:

Folio Nos

Type of Address given at KRA

PAN Application No.

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

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

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

In case TIN or its functional equivalent is not available, please provide Company Identifi cation number of Global Entity Identifi cation Number or GIIN, etc.

Country of Tax Residency TIN or equivalent number Identifi cation Type/Reason*1.2.3.4.

In case the Entity's Country of Incorporation / Tax residence is U.S. but Entity is not a Specified U.S. Person (as per defi nition E5), please mention the exemption code in the box: (refer defi nition D4)

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

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

ADDITIONAL KYC DETAILS (Mandatory)

Residential or Business Residential Business Registered Offi ce

V2 1

5/N

OV/

2016

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

or assets;

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

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

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

C. GIIN not required categories with codes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Defi nitions/ Instructions / Guidance Page 2 of 2

Nam

e:

A

pplic

atio

n No

.:

PAN:

F

olio

Nos

.:

A: A

PPLI

CA

NT/

INVE

STO

R D

ETA

ILS:

Ultim

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enefi

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wner

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(UBO

) Dec

larat

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form

(Man

dato

ry fo

r Non

-Indi

vidua

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lican

ts/In

vest

ors,

inclu

ding

HUF

)

I /W

e ac

know

ledg

e an

d co

nfi rm

that

the

info

rmat

ion

prov

ided

abo

ve is

/are

true

and

cor

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to th

e be

st o

f my/

our k

now

ledg

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d be

lief a

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rovi

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afte

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essa

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onsu

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ve u

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stoo

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form

atio

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quire

men

ts o

f th

e ap

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rm,

incl

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TCA

and

CRS

requ

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and

cond

ition

s (r

ead

alon

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ith in

stru

ctio

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chem

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reby

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the

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r co

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tha

t th

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form

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ovid

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y m

e/us

on

this

form

are

tru

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orre

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ompl

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Date

:Pa

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of 2

Aut

hori

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Sign

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rust

/Fir

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ody

Corp

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B: C

ATEG

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cat

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Unl

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Com

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P

artn

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U

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orpo

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d as

socia

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Pub

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Tru

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rust

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Trus

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a W

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____

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C: D

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OF

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ENEF

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(If th

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ALL

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et(s

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Indi

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Inst

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on

cont

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Ultim

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bene

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As p

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EBI M

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CIR

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AML/

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10 d

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date

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are

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to p

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tails

of c

ontro

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pers

ons

[CP]

/ ul

timat

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nefi c

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own

er [U

BO] a

nd

subm

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prop

riate

pro

of o

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s. T

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as b

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and

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beha

lf a tr

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bein

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and

inclu

des

a pe

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exe

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s ul

timat

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gal p

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arra

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1.

For I

nves

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oth

er th

an in

divi

dual

s or

trus

ts:

(i)

The

iden

tity

of th

e na

tura

l per

son,

who

, whe

ther

act

ing

alon

e or

toge

ther

, or t

hrou

gh o

ne o

r mor

e ju

ridica

l pe

rson

, ex

ercis

es c

ontro

l thr

ough

own

ersh

ip o

r wh

o ul

timat

ely

has

a co

ntro

lling

owne

rshi

p in

tere

st.

Cont

rollin

g ow

ners

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inte

rest

mea

ns o

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ship

of/e

ntitle

men

t to:

-

mor

e th

an 2

5% o

f sha

res

or c

apita

l or p

rofi t

s of

the

jurid

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here

the

jurid

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a co

mpa

ny;

-

mor

e tha

n 15%

of th

e cap

ital o

r pro

fi ts o

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urid

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erso

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here

the j

urid

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partn

ersh

ip;

-

mor

e th

an 1

5% o

f the

pro

perty

or c

apita

l or p

rofi t

s of

the

jurid

ical p

erso

n, w

here

the

jurid

ical p

erso

n is

an u

ninc

orpo

rate

d as

socia

tion

or b

ody

of in

divid

uals.

(ii)

In c

ases

whe

re th

ere

exist

s do

ubt u

nder

cla

use

(i) a

bove

as

to w

heth

er th

e pe

rson

with

the

cont

rollin

g ow

ners

hip

inte

rest

is th

e be

nefi c

ial o

wner

or w

here

no

natu

ral p

erso

n ex

erts

con

trol t

hrou

gh o

wner

ship

in

tere

sts,

the

iden

tity

of th

e na

tura

l per

son

exer

cisin

g co

ntro

l ove

r th

e ju

ridica

l per

son

thro

ugh

othe

r m

eans

like

thro

ugh

votin

g rig

hts,

agr

eem

ent,

arra

ngem

ents

or i

n an

y ot

her m

anne

r.(ii

i) W

here

no

natu

ral p

erso

n is

iden

tifi ed

und

er c

laus

es (i

) or (

ii) a

bove

, the

iden

tity

of th

e re

leva

nt n

atur

al

pers

on w

ho h

olds

the

posit

ion

of s

enio

r man

agin

g offi

cia

l.

2.

For I

nves

tors

whi

ch is

a tr

ust:

The

iden

tity

of th

e se

ttler

of t

he tr

ust,

the

trust

ee, t

he p

rote

ctor

, the

ben

efi ci

arie

s wi

th 1

5% o

r mor

e in

tere

st in

the

trust

an

d an

y ot

her n

atur

al p

erso

n ex

ercis

ing

ultim

ate

eff e

ctive

con

trol o

ver t

he tr

ust t

hrou

gh a

cha

in o

f con

trol o

r own

ersh

ip.

3.

Exem

ptio

n in

cas

e of

list

ed c

ompa

nies

/ fo

reig

n in

vest

ors:

The

clien

t or t

he o

wner

of t

he c

ontro

lling

inte

rest

is a

com

pany

list

ed o

n a

stoc

k ex

chan

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70

These instructions form an integral part of scheme related documents and investors are advised to read and understand the same.

Please read carefully the Scheme Information Document (SID), Statement of Additional Information (SAI), Key Information Memorandum (KIM) and all relevant Addenda before filling up the application form. Investors are deemed to have read and accepted the terms, as prevailing on the date of application being accepted and units being allotted even if they are using an old application form, subject to which these offers are being made, and bind themselves to the terms upon signing the application form.

All applications will be accepted subject to verification. Invalid or incomplete applications are liable to be rejected after acceptance and verification, and information will be sent to the address by general post.

All documents required to be submitted with the application form or later, like power of attorney, etc. should be in English language or notarized translated copy in English language.

General Instructionsa. These application forms may be used by both resident and non-resident investors. However,

Residents of Canada are not permitted to invest and should not invest in any of the Schemes of the Fund. Foreign Portfolio Investors (FPIs), QFIs and US Person should approach the AMC to know the eligibility, the list of documents required and complete account opening formalities prior to investing.

b. The application form should be filled in English in BLOCK LETTERS and the applicants’ names and address should be provided in full (P.O. Box No. alone is not sufficient). Please tick (ü) in the appropriate boxes (□), where provided.

c. Application forms that fall under any of the following categories are liable to be rejected and will not be returned to the customers. If applicable, the money paid will be refunded/returned without interest or redeemed at applicable NAV.i Application forms incomplete in any respect or having a whitener or where there is any

over writing on the form without the applicants’ counter signature.ii Application forms from ineligible applicant’s or are invalid or incomplete or ambiguous

or without any of supporting documents or any of the mandatory details in any respect.iii Application forms that are not accompanied by a payment instrument/instruction for

the amount payable on the same day.iv Applications forms where the Applicant’s Name does not exactly match with name/s

mentioned in the PAN Card or Income Tax database.v. Application forms that the Trustee chooses to reject for any other reason determined

at its sole discretion.d. No separate receipt will be issued for the application. The Investor Service Centre /

Collection Centre / Official point of acceptance of transactions will stamp and return the acknowledgement slip in the application form, subject to verification. The acknowledgement receipt should be retained by investors till the receipt of confirmation of transaction acceptance or rejection.

e. All allotments will be provisional, subject to realisation of payment instrument/mode and subject to the AMC having been reasonably satisfied that the Fund has received clear funds. Any redemption or switch out transaction in the interim is liable to be rejected at the sole discretion of the AMC.

f. Any subsequent changes in static information like address, bank details, IDCW sub option, nomination etc. will be based on written communication from investors. These changes will be effected only for units held in non-demat mode, within 5 days of the valid signed request reaching the office of the Registrar at Chennai, and any interim financial transactions will be effected with last available/registered details only. In case of units held in demat mode, the static details as recorded in DP records and available to the Fund as part of Benpos file will prevail for all purposes, including redemption and IDCW payments.

g. While PAN shall be the sole identification number and is mandatory for KYC, for certain set of customers, PAN requirement is exempted. Such set of customers, however need to complete the necessary KYC requirements, get a unique reference number from KRA’s system. A copy of the KRA issuance letter containing the unique reference number should also be attached with each application/transaction. The PAN exempt entities/ transactions are a) Investors residing in the state of Sikkim; b) SIP of upto Rs 50, 000/- per financial year; c) Micro investment i.e fresh purchase, additional purchase & SIP installments for amount not more than Rs 50,000/- per financial year d) Transactions undertaken on behalf of Central Government and/or State Government and by officials appointed by Courts e.g. Official liquidator, Court receiver etc.

h. If the investor wishes to invest directly, i.e. without involving the services of any agent or broker, ‘Direct’ should be mentioned in the space provided for ARN Number. Any subsequent change / updation / removal of broker code will be based on the written request from the unitholders and will be on a prospective basis only from the date when the Registrar executes such written instruction.

i. Investors should mandatorily use the Application forms & SIP/SWP/STP forms in the KIM, and other standard forms available at the ISCs/www.dspim.com, for any financial/non-financial transactions. Any transaction received in any non standard form, is liable to be rejected.

k. Investors should provide details/instructions only in the space provided in the form. Any details/notings/information/instruction provided at a non designated area of the standard form being used, or any additional details, for which space is not designated in the standard form, may not be executed and the AMC will not be liable for the same.

l. Investor/s should be aware and agrees that the AMC and its Registrar reserve the right to disclose the investor and transactions details to third parties viz. Distributors registered with AMFI, SEBI Registered Investment Advisors (RIA), SEBI Registered Portfolio Managers, Stock Brokers and any other entity (from whom applications / transactions of investors are received), banks, payment aggregators, printers, mailing agencies and any other entity for the purpose of compliance with legal and regulatory requirements or for complying with anti-money laundering requirements. In case of any specific consent request received from the investor to provide data feed to the Registered Investment Advisor, SEBI Registered Portfolio Managers, Stock Brokers, AMC will overwrite the existing RIA/PMRN/Stock Broker code in the folio, if the code mentioned in the request is different from the code registered in the folio..

m. Process for change of address If the investor wishes to change the address in their folio, they shall submit change of address form, proof of address, and any other document/ form that the AMC may require additionally to complete KYC details, if not done earlier. AMC reserves the right to collect proof of old address on a case to case basis while effecting

the change of address.n. Applicants / Unitholders applying through a distributor (AMFI registered ARN holder) certify

that:i. Applicants / Unitholders have neither received nor been induced by any rebate or gifts,

directly or indirectly in making this investment, ii. The ARN holder has disclosed to the Applicants / Unitholders all the commissions (in the form of trail commission or any other mode), payable to him for the different competing schemes of various Mutual Funds from amongst which the scheme is being recommended to the Applicants / Unitholders, iii Where the EUIN box is left blank being an execution only transaction, I/we confirm that the transaction is notwithstanding the advice of in-appropriateness, if any, provided by the distributor’s employee/relationship manager/sales person and the distributor has not charged any advisory fees on this transaction.

o. EUIN: EUIN stands for Distributor’s Employee’s Unique Identification Number. Apart from ARN codes of the distributor/sub distributor, applicants should also ask and mention the EUIN of the sales personnel of the distributor / sub distributor, who is advising the scheme to the applicant. In case of no such advice or interaction, the applicant should tick on the ‘Execution-Only’ tick box.

p. Transactions charges: In case of applications of Rs. 10,000 & more and routed through a distributor who has opted for such transaction charges in particular category of schemes, transaction charges are deducted and paid to the distributor as follows (i) Rs. 150/- from a first time mutual fund investor’s application; (ii) Rs. 100/- from an existing mutual fund investor’s application. Units will be issued against the balance amount.Please tick the appropriate box as applicable to you. If no option is ticked, it is deemed that the applicant is an existing investor in the mutual fund industry. Even if an applicant ticks as new investor, the mutual fund reserves a right to check with investments in other mutual funds to ascertain new or existing investors.

q. The investor agrees that the allotment information, account statement, proceeds towards redemptions and IDCW will be dispatched by a reasonable mode of despatch like courier, post, etc. in case of cheque/demand draft or directly credited to the bank account (as per the details mentioned by the investor) using reasonable and available means, entirely and solely at the risk of the investor. The investor will not hold the Mutual Fund or the AMC or the Registrar responsible for any non-receipt or delay of receipt of redemption & IDCW proceeds due to any negligence or deficiency in service by the courier company, postal authorities or the bank executing direct credits/RTGS/NEFT, or due to incorrect bank account details provided by the investor.

r. In case of Individual, the Investor confirms that he is not a US person in terms of Regulation S of Securities Act, 1993 as amended from time to time. Further, he does not intend to return to US and his stay in India is of permanent nature.

s. In case of Non-Individual, the Investor confirms that it is not a US person in terms of Regulation S of Securities Act, 1993 as amended from time to time. Further, it is registered/incorporated under the laws of India and not formed for the specific purpose of investing in Indian securities including units of SEBI Registered Mutual Funds.

1. First Applicant’s Detailsa. Applicants / Guardian should fill in all details as requested in the relevant section. Name

of the Applicant/Guardian should exactly match with name mentioned in the PAN Card or Income Tax database. In case of any mismatch in the name as mentioned in the form and as available in the PAN Card or Income Tax database, the Fund/AMC reserves the right to update the name as available in the PAN Card or Income Tax database or the Fund/AMC reserves the right to reject the application without any prior intimation and the subscription amount would be refunded after realization and reconciliation of the funds.

b. Existing Investors, having a folio number and who wish to get units allotted in non-demat mode, in the existing folio number, should mention their folio number. If existing folio number is mentioned, investors should only fill the section on Investment Details. Investors should skip and should not mention joint applicants, bank account, nomination and unit holding option. If an existing folio is mentioned, the investment will be in same folio, even if the joint holders are different. Further, other details like bank account, nomination etc will not be considered, even if mentioned differently from existing folio details. Investors should use separate designated forms for updating bank account details, nomination etc.

c. Investors are requested to note that there can be only tax status, either Resident (RI) or Non Resident (NRI) against a single PAN. There cannot be different tax status for different folios for the same investor, same PAN. In case the existing tax status in a folio is NRI and the investor makes a new investment with tax status as RI, the new investment will be processed with tax status as NRI. Similarly if the existing status in a folio is RI and the investor makes a new purchase with tax status as NRI, the tax status of the existing RI folio will be changed to NRI. In case of any change in tax status, Investors should submit a request for change of tax status request before submitting the new investment to avoid any inconvenience. The AMC reserves the right to reject or reverse & reprocess the transactions at a later date in case of any error.

d. New Investors who do not have a folio or existing investors intending to get units allotted in demat mode or who wish to open a new folio should fill up the form without quoting existing folio number and should provide details in all sections as mentioned in the form.

e. Applications under a Power of Attorney or by a limited company or a corporate body or an eligible institution or a registered society or a trust fund must be accompanied by the original Power of Attorney (or a duly certified true copy thereof) duly notarized, or the relevant resolution or authority to make the application (or duly certified copy thereof) as the case may be. All documents should be in English language or notarized translated copy in English language.

f. For Investments ‘On behalf of Minor’: Where the investment is on behalf of minor by the guardian, please note the following important points. i The minor shall be the sole and only first holder in the account. Nomination facility

is not available for applications/folios on behalf of a minor. Joint holders’ details and nomination details, even if mentioned and signed will not be considered.

ii Details like minor’s date of birth, Guardian’s relation with Minor, Guardian name, PAN, KYC are mandatory, along with supporting documents. ● Photo copy of the document evidencing the date of birth of minor like i. Birth certificate of the minor, or ii. School leaving certificate / Mark sheet issued by Higher Secondary Board of respective states, ICSE, CBSE etc., or iii. Passport of the minor, or iv. Any other suitable proof should be attached with the application form. Where the guardian is not a natural guardian (father or mother) and is a court appointed legal guardian, suitable supporting documentary evidence should be provided.

iii. On the date of minor attaining majority, such minor turned major will have to complete

INSTRUCTIONS/TERMS & CONDITIONS

71

all formalities as required by the fund to change the status on the folio. Further, from such date of minor turned major, the existing registered guardian will not be able to transact in the folio and only the minor turned major will be able to transact in the folio.

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

and correspondence address. However, the fund reserves the right to update communication postal address from KYC records of on SEBI designated KYC Registration Authority (KRA).

b. It is mandatory for NRI investors to provide their overseas address in the application form as well as in the KYC records. NRI investors should mandatorily provide the overseas address in Section 2 of the application form. Application without overseas address is liable to be rejected even after allotment and subscription amount refunded in 5 days’ time from the date of rejection.

c. Investors should ensure that, the email id, mobile number provided in the application form should be there own or any of the immediate family member and should be same as the ones provided in the KRA. Where the email id, mobile number are not provided or where provided but the same is found to be invalid, or seems to be not pertaining to the investor or any of the immediate family member or is of a distributor or any other agency, then AMC/RTA reserves the right to remove the email id, mobile number without any notice and the email id, mobile number as per KRA records may be updated in the folio.

d. Investors wanting to change their email id, mobile number & address have to approach the KRA.

Individual Investors:-i. Investors should provide email id/mobile number of self/family onlyii. The email id/contact details mentioned on the application form should be same as the

ones provided in the KRA. If found different, the details mentioned on KRA records will be updated in the folio

iii. Investor will need to update the email id/mobile number with the KRA incase of any change iv. Account statements, newsletter, annual reports and other kinds of communication will be

sent through email only instead of physical, for investors who provide their email address on the application form. Should they wish to have a hard copy, they are requested to send an email to the AMC/RTA. It is deemed that the applicants are aware of all the security risks associated with online communication, including possible third-party interception of documents sent via email.

3. KYC Requirements and Detailsa. Basic KYC: Applicants are required to provide basic KYC details like photograph, proof of

identity, proof of address, a KYC form and other details as per KYC form, to update their KYC with the fund and update on SEBI designated KYC Registration Authority (KRA) systems. If applicants’ have already complied with basic KYC through some other intermediary, they may just provide a KYC acknowledgement of valid KYC status available through the KRA. Basic KYC is applicable for all applicants, Guardian and Power of Attorney Holders as well.

b. Additional Details: Additional details like status, occupation details, gross annual income, net worth and other details as mentioned in the relevant sections of the application form are mandatory for all applicants as applicable, including joint holders. Details of net worth are mandatory for Non Individual applicants and optional for Individual applicants in lieu of gross annual income. While providing details of net worth, the same should be of a date which is within one year of the application.

c. Individual Investors investing as Sole Proprietor will have to additionally complete & submit KYC for the Sole Proprietor firm in addition to the KYC of the individual investor. Investments in Sole Proprietor name will be rejected in case the KYC of the Sole Proprietor is not completed.

d. Applications are liable to be rejected without any intimation to the applicants, if KYC requirements are not complied with by all the applicants, KYC acknowledgement is not enclosed or any of the additional details are not mentioned for any of the applicant at the time of purchase. In case where the KYC application is given along with the purchase and where the purchase is processed based on KYC application or based on KYC status as In Process, the purchase may be rejected in case the KYC is subsequently rejected or is on Hold.

e. Non updation of PAN and/or KYC will lead to restriction of all future financial and non-financial transaction, including redemptions. Redemption of existing investments are liable to be rejected if KYC requirements are not complied with.

f. Investors should further note that KYC applicability for various investor categories may change anytime in future. Hence, investors are requested to apprise themselves about KYC applicability before submitting their application or future transactions to avoid rejections. For any other further information related to KYC, applicants should mention the same in a separate sheet, duly signed and attach to the application.

4. Joint Applicants, if any and their detailsa. If there is more than one applicant, please fill in all details as requested in the relevant

section.b. Name of the Joint Applicant/s should exactly match with name/s mentioned in the PAN

Card or Income Tax database. In case of any mismatch in the name/s as mentioned in the form and as available in the PAN Card or Income Tax database, the Fund/AMC reserves the right to update the name/s as available in the PAN Card or Income Tax database or the Fund/AMC reserves the right to reject the application without any prior intimation and the subscription amount would be refunded after realization and reconciliation of the funds.

c. Applicants should specify the mode of holding. If the mode of holding is not specified or is ambiguous, the default option for such applications will be ’Joint’.

d. PAN, KYC compliance and other KYC details are mandatory for all applicants, irrespective of mode of holding. For more details, please refer to KYC Requirements mentioned earlier.

e. In the case of joint holders and irrespective of mode of holding, the sole/first-named applicant/unit holder will receive all account statements, IDCW or redemption/refund payments, and all other relevant correspondences.

5. FATCA and CRS related detailsa. The Central Board of Direct Taxes (CBDT) has notified Rules 114F to 114H, as part of the

Income Tax Rules, 1962, which require Indian financial institutions to seek additional personal, tax and beneficial owner information and certain certifications and documentation from all account holders and/or applicants.

b. Applicants/Unit holders are required to mandatorily provide the relevant information for FATCA and CRS, including Ultimate Beneficial Ownership (UBO) details. In case of any change in any information provided, Unit holders should ensure to advise the Fund/RTA promptly i.e within a period of 30 days.

c. All Applicants/Unit holders, individuals and non individuals, must be aware that the failure to providing all relevant details in relevant section and/or relevant forms will result in rejection of their investment application form, refund of application money, reversal of units allotted and the Fund will not be liable for any consequent loss to the Applicants/Unit holders.

d. Applicants like Individuals (including in the name of sole proprietorship firm), joint applicants, HUF, are required to provide details, as mentioned in this section, like Place and Country of birth, Country of Citizenship/Nationality mandatorily. If the applicant/s have any countries of tax residency other than India, details of all such countries and relevant tax identification number needs to be provided. If the space in the form is not adequate, applicants are required to attach additional sheets with information duly signed.

e. All Non Individuals should fill and submit a separate form for FATCA and CRS declaration. Non-Individual entities, including partnerships, (other than those listed on a recognized stock exchange in India or is a subsidiary or related or controlled by such listed company) should also fill and submit a form for Ultimate Beneficial Ownership (UBO) details.

f. If you have any questions about your tax residency or other definitions or terms used, please contact your tax advisor. If you are a US citizen or resident or greencard holder, please include United States in the foreign country information field along with your US Tax Identification Number.

g. It is mandatory to supply a TIN or functional equivalent if the country in which you are tax resident issues such identifiers. If no TIN is yet available or has not yet been issued, please provide an explanation and attach to the form.

h. Applicant/unit holder should note that they also specifically authorize to disclose, share, remit in any form, mode or manner, all or any of the information provided by, including all changes, updates to such information as and when provided, to the Mutual Fund, its Sponsor, Asset Management Company, trustees, their employees / associated parties / RTAs (‘the Authorized Parties’) or any Indian or foreign governmental or statutory or judicial authorities / agencies including but not limited to the Financial Intelligence Unit-India (FIU-IND), the tax / revenue authorities in India or outside India and other investigation agencies without any obligation of advising me/us of the same. Further, applicant/unit holder also authorizes to share the given information to other SEBI Registered Intermediaries to facilitate single submission / updation and for other relevant purposes.

i. Applicant/unit holder also undertakes to keep the Mutual Fund informed in writing about any changes / modification to the above information in future and also undertake to provide any other additional information / documentary proof as may be required.

j. Please note that applicants/unit holders may receive more than one request for information if you have multiple relationships/accounts/folios with us. Therefore, it is important that you respond to each of our request, even if you believe you have already supplied any previously requested information.

k. In case any of the specified information provided by the applicant/unit holder is found to be false or untrue or misleading or misrepresenting, applicant/unit holder will be solely liable and will indemnify the Mutual Fund, it’s Sponsor, Asset Management Company, Trustees, their employees / associated parties and the RTAs.

l. In case applicant/unit holder has any of the Indicia, pertaining to a foreign country and yet declares self to be non-tax resident in the respective country, customer to provide relevant details as may be asked for.

6. Bank Account Details/ Multiple Bank Accounts Registration a. It is mandatory for all investors of mutual fund schemes to provide their bank mandate.

Applications without the mandatory bank details are liable to be rejected. Investors should ideally mention account details of the same bank account from where the payment towards purchases is made. If the bank account details mentioned are different from purchase pay-in bank, investors should attach additional documents validating the bank account like cancelled cheque with name & account number pre-printed, latest bank statement, latest pass book, bank letter in original or attested. Should the investor fail to provide the documents, the Fund/AMC/RTA reserves the right to register the pay-in bank details as the redemption bank details and use such bank account for payment of any redemption/IDCW proceeds

b. The investor agrees that the allotment information, account statement, proceeds towards redemptions and IDCW will be dispatched by a reasonable mode of despatch like courier, post, UCP, etc. in case of cheque/demand draft or directly credited to the bank account (as per the details mentioned by the investor) in case of using direct credit facility, RTGS or NEFT, entirely and solely at the risk of the investor. The investor will not hold the Mutual Fund or the AMC or the Registrar responsible for any non-receipt or delay of receipt of redemption & IDCW proceeds due to any negligence or deficiency in service by the courier company, postal authorities or the bank executing direct credits/RTGS/NEFT, or due to incorrect bank account details provided by the investor.

c. Multiple Bank Accounts Registration Facility The fund offers its investors facility to register multiple bank accounts for pay-in & payout purposes and designate one of the bank account as Default Bank Account. This facility can be availed by using a designated ’Bank Accounts Registration Form’. In case of new investors, the bank account mentioned on the purchase application form, used for opening the folio, will be treated as default bank account till the investor gives a separate request to register multiple bank accounts and change the default bank account to any of other registered bank account. Registered bank accounts may also be used for verification of pay-ins (i.e. receiving of subscription funds) to ensure that a third party payment is not used for mutual fund subscription. Default Bank Account will be used for all IDCW and redemptions payouts including FMP schemes maturity proceeds unless investor specifies one of the existing registered bank account in the redemption request for receiving redemption proceeds.

d. In case of investment in the name of minor, it is mandatory that the bank account provided is of the minor and not of the guardian. The funds for the investment has to be mandatorily from the minor’s bank account and redemption proceeds will also be paid only to the minor’s bank account. In case of existing folios, the bank account of the minor has to be updated in the folio before submitting the redemption request. Redemption will be rejected if the minor’s bank account is not updated in the folio.

e. Consequent to introduction of ‘Multiple Bank Accounts Facility’, the facility of redemption with change of bank mandate is discontinued by the fund. A new non-registered bank account specified in the specific redemption request for receiving redemption proceeds will not be considered. Please note the following important points related to payment of redemption proceeds i. Proceeds of any redemption request will be sent only to a bank account that is already

registered and validated in the folio at the time of redemption transaction processing. ii. Unit holder(s) may choose to mention any of the existing registered bank accounts

with redemption request for receiving redemption proceeds. If no registered bank account is mentioned, default bank account will be used.

72

iii.If unit holder(s) provide a new and unregistered bank mandate with a specific redemption request (with or without necessary supporting documents) such bank account will not be considered for payment of redemption proceeds.

iv.Any request without the above mentioned documents will be treated invalid and will not be acted upon and any financial transaction, including redemptions, will be carried with the previous details only. Valid change of bank mandate requests with supporting documents will be processed within ten working days of documents reaching the head office of the Registrar and any financial transaction request received in the interim will be carried with previous details only.

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

in the application form. In case the investor does not fill in the desired Plan / Option / Sub Option properly and clearly or in the case of incomplete details, lack of clarity or ambiguity, the default option will be considered and applied. The Fund will not entertain any request from Unit Holders for a change in Plan / Option / Sub Option after the application is accepted.

b. Any change in IDCW sub option due to additional investment or investor’s request will be applicable to all existing Units in the IDCW option of the scheme concerned.

c. There is a change in the nomenclature for the word “IDCW” used as part of scheme details. The word “IDCW” has been replaced with the words “Income Distribution Cum Withdrawal’ or “IDCW”. Accordingly investors should mention the word “IDCW” instead of IDCW while mentioning the scheme details in the transaction request. For example: “DSP Top 100 Fund - Regular Plan - IDCW Reinvestment” will be “DSP Top 100 Fund - Regular Plan - IDCW Reinvestment”. The Account statements, Consolidated Account Statement will have the word IDCW instead of IDCW.

d. Payments by cash, stock invests, credit cards, post-dated cheques (except through SIP), and post-dated account-to-account transfer instructions to credit the Designated Account will not be accepted.

e. Investors residing in locations where Investor Service Centres or Collection Centres are not located are requested to make payment by demand drafts. Demand draft charges for such investors will be borne by the AMC, subject to the standard demand draft charges, as charged by the State Bank of India, and the investors attaching proof of the charges.

f. The cheque or demand draft should confirm to CTS 2010 standards in banking industry and be payable locally at the centre where the application is deposited, and should be drawn on any bank that is a member of the Bankers’ Clearing House.

g. The cheque or demand draft should be drawn in favour of the ‘Scheme Name’, as the case may be, and should be crossed Account Payee Only.

h. A separate cheque should be given for each separate investment in a different scheme or plan or option.

i. It is mandatory for NRIs to attach a copy of the payment cheque / FIRC / Debit Certificate to ascertain the repatriation status of the amount invested. NRI Applicants should also clearly tick on account type as NRE or NRO or FCNR to determine the repatriation status of the investment amount. The AMC and the Registrar may ascertain the repatriation status purely based on the details provided in the form under Investment and Payment details and will not be liable for any incorrect information provided by the applicants. Applicants will have to coordinate with their authorized dealers and banks to repatriate the investment amount as and when needed.

j. Third Party Payment Avoidance & additional documents/declaration required To safeguard the interests of applicant/investors and avoid fraudulent transactions in any other name, the mutual fund does not accept Third Party Payments. A payment towards mutual fund subscription by cheque/DD/RTGS/NEFT or any mode whatsoever is deemed as a Third Party payment, if payment is issued from a bank account other than that of the beneficiary investor. The first holder of the mutual fund folio has to be one of the joint holders of the bank account from which payment is made via cheque/Demand Draft (DD)/Funds transfer/RTGS/NEFT. Therefore, it is important for investors to mention the bank account number, bank name & branch address from where the payment is issued and the same should match with details on payment cheque/document (where applicable).

Where the payment instrument/advice does not mention the bank account holders name/s, investor should attach bank pass book copy/bank statement/bank letter to substantiate that the first unit holder is one of the joint holders of the bank account. Where a payment is through a DD, a bank certification of bank account and account holders name of the bank account used for DD issuance should be attached, in the required format.

In specific exceptional situations where Third Party payment is permitted like i. Payment by Parents / Grand-Parents / Related persons on behalf of a minor (other than registered guardian) in consideration of natural love and affection or as gift for value not exceeding Rs 50,000 for each purchase, ii. Payment by an Employer on behalf of Employee or iii. Custodian on behalf of an FII or a client, iv. Payment by Asset Management Company to a Distributor empanelled with it on account of commission/incentive etc. in the form of the Mutual Fund Units of the Funds managed by such AMC through Systematic Investment Plans or lump sum / one-time subscription, subject to compliance with SEBI Regulations and Guidelines issued by AMFI, from time to time. KYC of the investor and the KYC of the person making the payment is mandatory irrespective of amount. Additionally, a joint declaration is also required to be submitted.

Investors are advised to visit www.dspim.com for more details, including declaration formats or approach any of the offices of the fund.

k. The AMC reserves a right to reject the transaction or call for additional details, if payment bank account and other details are not mentioned on the form and/or do not match with payment instrument and/or necessary documents and declaration, as applicable to respective investors and transactions, are not attached or are insufficient. In case the funds are transferred to the mutual fund account prior to the application rejection, then amount transferred may not be refunded or redeemed unless the investor establishes KYC with additional documentation.

l. Returned cheques are not liable to be presented again for collection, and the accompanying application could also be rejected. In case returned cheques are presented, the necessary charges including returned charges may be debited to the investor.

m. To safeguard the interests of applicant/investors and avoid fraudulent transactions in any other name, it is important for investors to mention the bank account number, bank name & branch address from where the payment instrument or funds transfer is issued and the same should match with details on payment cheque (where applicable). The AMC reserves a right to reject the transaction if such payment details are not mentioned and/or do not match.

n. For general terms and conditions and more information on ‘One Time Mandate (OTM)’ Facility, Unit holder(s) are requested to read Terms and Conditions, OTM registration form, addenda to Scheme Information Document and Key Information Memorandum available on www.dspim.com.

8. Nomination Details a. Nomination can be made only by individuals applying for / holding Units on their own behalf

singly or jointly. Non-individuals (including societies, trusts, bodies corporate, partnership firms, etc.), Kartas of Hindu Undivided Families (HUF) and holders of Power of Attorney cannot nominate. Nomination facility is also not available for investments held on behalf of minor.

b. A minor can be nominated, and in that event, the name and address of the guardian of the minor nominee shall be provided by the Unit Holder. Nomination can also be in favour of the Central Government, State Government, a local authority; any person designated by virtue of his/her office, or a religious or charitable trust.

c. The nominee shall not be a trust (other than a religious or charitable trust), society, body corporate, partnership firm, Karta of HUF or a Power of Attorney holder. An NRI can be a nominee, subject to the exchange controls in force from time to time. Where the nomination is in favour of a religious or charitable trust, the investor should attach a certificate confirming that the nominee is a religious or charitable trust.

d. Nomination with the Fund can be made only by investors who opt for allotment in non-demat form. In case of Units held in demat form, the nomination details as recorded for the depository account will be applicable investors who hold units in demat form may approach their DP for availing the nomination facility.

e. Transfer of Units in favour of a nominee(s) shall be valid discharge by the AMC against the legal heir.

f. Cancellation of nomination can be made only by those individuals who hold Units on their own behalf singly or jointly and who made the original nomination.

g. On cancellation of the nomination, the nomination shall stand rescinded and the AMC shall not be under any obligation to transfer the Units in favour of the nominee(s).

h. The rights in the Units will vest in the nominee(s) only upon the death of all Unit Holders.i. Nomination can be made in favour of more than one, and upto three individuals. Investors

who desire to make nomination in respect of multiple nominees should clearly specify the percentages to be allocated between the nominees. If no percentages are mentioned, nomination will be done equally for all the nominees.

j. Nomination will be maintained at the folio or account level and will be applicable for all investments in the folio or account.

k. Where a folio has joint holders, all joint holders should sign the request for nomination, even if the mode of holding is not ‘joint’.

l. A new nomination request will imply simultaneous cancellation of existing nomination and request for fresh nomination.

m. Applicants who do not wish to nominate, must at the designate space confirming their intention on not to nominate, failing which the form may be rejected at the discretion of the AMC/Fund.

9 Unit Holding Optiona. Applicants’ are provided two options to hold their Units viz. Account Statement mode and

Demat mode. For units in Account Statement mode (non-demat), an account statement will be issued. For Units held in demat mode, Units shall be directly credited to the investor’s demat account after the realization of payment funds and depositories will issue a statement.

b. It is mandatory to tick on the required option in the designated space in the application form. If no option has been ticked by the investor, Units shall be allotted in non-demat mode i.e in Account Statement mode.

c. For credit of Units in demat account, applicants are advised to mention clearly their demat account details with depositories and in block letters in the designated space. The demat account details, as provided by the investor will be considered for credit of units in dematerialized form after validation with relevant depository(ies).

d. Applicants’ are also advised to attach a copy of a document like demat statement / client identification master/ delivery instruction slip, that provides the applicants’ name and demat account details, in support and verification of the mentioned demat account.

e. In case Demat account details are not provided or are incomplete or the details do not match with the records as per depository(ies), units will be allotted in non-demat form and an account statement will be issued.

f. In case details of more than one demat account are provided, the Fund may choose any one of the demat accounts for the purpose of verification and credit of units.

g. Where the units are held in demat accounts with the Depository Particpants, the investor shall be serviced directly by their stock brokers/Depository Participant. The Fund will not be in a position to accept any request for transactions or service requests directly from investors in respect of Units bought under this facility in demat mode.

10.Annual report/Abridged summaryInvestors are encouraged to register their email to promote Go Green initiatives. Investors, whose email id is not registered in the folio, may opt-in to receive a physical copy of the scheme abridged summary or annual report by choosing this option. Generally scheme abridged summary or annual report will be sent via email or a physical copy will be sent only in case of opt-in or on receipt of a specific request by investor to promote Go Green initiatives as per SEBI circular no. SEBI/HO/IMD/DF2/CIR/P/2018/92 dated June 5, 2018.

11.Declaration & Signaturesa. Signature(s) should be in English or in any of the Indian languages specified in the Eighth

Schedule of the Constitution of India.b. Thumb impressions and signatures in languages not specified in the Eighth Schedule of the

Constitution of India should be attested by a magistrate or a Notary Public or a special Executive Magistrate under his/her official seal.

c. Applications by minors should be signed by their guardians. In the case of an HUF, the Karta should sign on behalf of the HUF.

d. Authorised officials should sign the form under their official designation and company seal. A list of specimen signatures of the authorised officials, duly certified and attested, should also be attached to the application form. In the case of a trust fund, a resolution from the trustee(s) authorising such purchase or investment should be submitted.

12. Investors are requested to read Product Labelling & Suitability (Including Risk-o-Meter of Benchmark) and PRC Matrix For Debt Schemes available on cover pages.

CAMS Investor Service Centres and Transaction PointsAgartala Advisor Chowmuhani (Ground Floor),KrishnanagarAgartala,Tripura,799001 Agra No. 8, II Floor Maruti Tower Sanjay Place ,Agra ,Uttarpradesh-282002 Ahmedabad 111- 113,1 st Floor- Devpath Building Off C G Road Behind Lal Bungalow,Ellis Bridge, Ahmedabad Gujarat 380006 Ahmednagar CAMS SERVICE CENTER,Office No.3.1st Floor,Shree Parvati,Plot No.1/175,Opp. Mauli Sabhagruh,Zopadi Canteen,Savedi,Ahmednagar-414003 Ajmer AMC No. 423/30 Near ChurchOpp T B Hospital,Jaipur Road,Ajmer,Rajasthan,305001 Akola Opp. RLT Science CollegeCivil Lines,Akola,Maharashtra,444001 Aligarh City Enclave, Opp. Kumar Nursing Home Ramghat Road Aligarh Uttarpradesh-202001 Allahabad 30/2, A&B, Civil Lines Station Besides ,Vishal Mega Mart Strachey Road, Allahabad ,Uttarpradesh-211001 Alleppey "Doctor's Tower Building,Door No. 14/2562, 1st floor,North of Iorn Bridge, Near Hotel Arcadia Regency, AlleppeyKerala,688001" Alwar 256A, Scheme No:1,Arya Nagar,Alwar,Rajasthan,301001 Amaravati 81, Gulsham Tower,2nd Floor,Near Panchsheel Talkies,Amaravati,Maharashtra,444601 Ambala CAMS SERVICE CENTRE,SCO 48-49,Ground Floor,opp peer, Bal Bhawan Road, Near HDFC Bank,Ambala City, Haryana - 134 003 Amritsar CAMS SERVICE CENTER,3rd Floor,Bearing Unit No-313,Mukut House,Amritsar-143001 Anand 101, A.P. Tower,B/H, Sardhar Gunj,Next to Nathwani Chambers,AnandGujarat388001 Anantapur 15-570-33, I FloorPallavi Towers,Subash RoadOpp:Canara Bank,Anantapur,AndhraPradesh,515001 Andheri CAMS Pvt Ltd,No.351,Icon,501,5th Floor,Western Express Highway,Andheri East,Mumbai-400069 Ankleshwar Shop No - F -56First Floor,Omkar ComplexOpp Old Colony,Nr Valia Char Rasta,GIDC,Ankleshwar,Gujarat,393002 Asansol Block – G 1st Floor,P C Chatterjee Market Complex Rambandhu Talab PO, Ushagram Asansol Westbengal Pin No 713303 Aurangabad CAMS SERVICE CENTRE,2nd Floor,Block No.D-21-D-22,Motiwala Trade Centre,Nirala Bazar,New Samarth Nagar,Opp.HDFC Bank,Aurangabad-431001 Balasore B C Sen Road,Balasore,Orissa,756001 Ballari CAMS SERVICE CENTER,No.18/47/A,Govind Nilaya,Ward No.20,Sangankal Moka Road,Gandhinagar,Ballari-583102 Bangalore Trade Centre,1st Floor45, Dikensen Road ( Next to Manipal Centre ),Bangalore,Karnataka,560042 Bangalore(Wilson Garden) CAMS SERVICE CENTER,First Floor,No.17/1,-(272) 12Th Cross Road,Wilson Garden,Bangalore-560027 Bankura Cinema Road,Nutanganj,Beside Mondal Bakery,PO & District Bankura,Bankura,Westbangal,722101 Bareilly CAMS SERVICE CENTER,F-62-63,2nd Floor,Butler Plaza Commercial Complex Civil Lines Bareilly Uttarpradesh-243001 Basti "CAMS C/O RAJESH MAHADEV & CO SHOP NO 3,1st Floor JAMIA COMLEX STATION ROAD BASTI PIN 272002" Belgaum CAMS SERVICE CENTRE,Classic Complex,Block No.104,1st Floor,Saraf Colony,Khanapur Road,Tilakwadi,Belgaum-590006 Berhampur CAMS SERVICE CENTER,Kalika temple Street,Ground Floor,Beside SBI BAZAR Branch,Berhampur-760002 Bhagalpur CAMS SERVICE CENTRE,Ground Floor, Gurudwara Road, Near Old Vijaya Bank, Bhagalpur - 812001 Bharuch CAMS SERVICE CENTRE,A-111,First Floor,R K Casta,Behind Patel Super Market,Station Road,Bharuch-392001 Bhatinda 2907 GH,GT Road,Near Zila Parishad,Bhatinda,Punjab,151001 Bhavnagar 305-306, Sterling Point,Waghawadi RoadOpp. HDFC BANK,BhavnagarGujarat364002 Bhilai CAMS SERVICE CENTRE,1st Floor,Plot No.3,Block No.1,Priyadarshini Pariswar west,Behind IDBI Bank,Nehru Nagar,Bhilai-490020 Bhilwara C/o Kodwani Associtates Shope No 211-213 2nd floor Indra Prasth Tower syam Ki Sabji Mandi Near Mukerjee Garden Bhilwara-311001 (Rajasthan) Bhopal Plot no 10, 2nd Floor,Alankar Complex,Near ICICI Bank,MP Nagar, Zone II,Bhopal,MadhyaPradesh462011 Bhubaneswar Plot No -111,Varaha Complex Building3rd Floor,Station Square,Kharvel Nagar,Unit 3-Bhubaneswar-Orissa-751001 Bhuj CAMS SERVICE CENTRE,Office No.4-5,First Floor,RTO Relocation Commercial Complex-B,Opp.Fire Station,Near RTO Circle,Bhuj-Kutch-370001 Bhusawal (Parent: Jalgaon TP) 3, Adelade Apartment,Christain Mohala, Behind Gulshan-E-Iran Hotel,Amardeep Talkies Road,Bhusawal,Maharashtra,425201 Bikaner Behind rajasthan patrika In front of vijaya bank 1404,amar singh pura Bikaner.334001 Bilaspur CAMS SERVICE CENTRE,Shop No.B-104, First Floor,Narayan Plaza,Link Road,Bilaspur(C.G)-495001 Bokaro Mazzanine FloorF-4, City Centre, Sector 4, Bokaro Steel City,Bokaro,Jharkhand,827004 Borivali CAMS PVT LTD,Hirji Heritage,4th Floor,Office No.402,L.T.Road,Borivali,Mumbai-400092 Burdwan CAMS SERVICE CENTER,No.399, G T Road,1st floor,Above exide show room, ,BurdwanWestbangal713101 Calicut 29/97G 2nd Floor,S A Arcade,Mavoor Road,Arayidathupalam,CalicutKerala-673016 Chandigarh Deepak TowerSCO 154-155,1st Floor-Sector 17-Chandigarh-Punjab-160017 Chennai Ground Floor No.178/10,Kodambakkam High RoadOpp. Hotel Palmgrove,Nungambakkam-Chennai-Tamilnadu-600034 Chennai-Satelite ISC No.158,Rayala Tower-1,Anna salai,Chennai-600002 Chhindwara CAMS SERVICE CENTER,2nd Floor,Parasia Road,Near Surya Lodge,Sood Complex,Above Nagpur CT Scan, Chhindwara, MadhyaPradesh 480001 Chittorgarh 3, Ashok Nagar, Near Heera Vatika,Chittorgarh, Rajasthan 312001 Cochin CAMS SERVICE CENTER,Building Name Modayil,Door No. 39/2638 DJ,2nd Floor 2A M.G. Road,Cochin - 682 016 Coimbatore CAMS SERVICE CENTRE,No.1334,Thadagam Road,Thirumurthy Layout,R.S.Puram,Behind Venketeswara Bakery,Coimbatore-641002 Coochbehar Nipendra Narayan Road (N.N Road) Opposite Udichi Market Near – Banik Decorators PO & Dist , Cooch Behar ,Pin 736101,West Bengal Cuttack Near Indian Overseas BankCantonment Road,Mata Math,Cuttack,Orissa,753001 Darbhanga Ground Floor , Belbhadrapur, Near Sahara Office, Laheriasarai Tower Chowk, Laheriasarai, Darbhanga- 846001. Davangere 13, Ist Floor,Akkamahadevi Samaj ComplexChurch Road,P.J.Extension,Davangere,Karnataka,577002 Dehradun 204/121 Nari Shilp Mandir Marg(Ist Floor) Old Connaught Place,Chakrata Road,Dehradun,Uttarakhand,248001 Deoghar S S M Jalan RoadGround floorOpp. Hotel Ashoke,Caster Town,Deoghar,Jharkhand,814112 Dhanbad Urmila Towers,Room No: 111(1st Floor) Bank More,Dhanbad,Jharkhand,826001 Dharmapuri 16A/63A, Pidamaneri Road, Near Indoor Stadium,Dharmapuri,Tamilnadu 636701 Dhule House No 3140, Opp Liberty Furniture,Jamnalal Bajaj Road, Near Tower Garden,Dhule,Maharashtra 424001 Durgapur CAMS SERVICE CENTRE,Plot No.3601,Nazrul Sarani,City Centre,Durgapur-713216 Erode 197, Seshaiyer Complex,Agraharam Street,Erode,Tamilnadu,638001 Faizabad CAMS SERVICE CENTRE,1/13/196,A,Civil Lines,Behind Tripati Hotel,Faizabad,Uttarpradesh-224001 Faridabad B-49, 1st Floor,Nehru Ground,Behind Anupam Sweet House NIT,Faridabad,Haryana,121001 Gandhidham CAMS SERVICE CENTER,Shyam Sadan,First Floor,Plot No.120,Sector 1/A,Gandhidham-370201 Gaya CAMS SERVICE CENTER,North Bisar Tank,Upper Ground Floor,Near-I.M.A. Hall,Gaya-823001 Ghatkopar CAMS SERVICE CENTRE,Platinum Mall,Office No.307,3rd Floor,Jawahar Road,Ghatkopar East,Mumbai-400077 Ghaziabad CAMS SERVICE CENTER,1st Floor,C-10 RDC Rajnagar,Opp Kacheri Gate No.2,Ghaziabad-201002 Goa CAMS SERVICE CENTER,Office No.103,1st Floor,Unitech City Centre,M.G.Road,Panaji Goa,Goa-403001 Gondal (Parent Rajkot) A/177, Kailash Complex Opp. Khedut Decor Gondal,Gujarat,360311 Gorakhpur CAMS SERVICE CENTRE,Shop No.5 & 6,3Rd Floor,Cross Road The mall,A D Tiraha,bank Road,Gorakhpur-273001 Gulbarga Pal Complex, Ist Floor,Opp. City Bus Stop,SuperMarket,Gulbarga,Karnataka 585101 Guntur CAMS SERVICE CENTER,Door No.31-13-1158,1st floor,13/1,Arundelpet,Ward No.6,Guntur-522002 Gurgaon SCO - 16, Sector - 14, First floor,Gurgaon,Haryana,122001 Guwahati CAMS SERVICE CENTRE,Piyali Phukan Road,K.C.Path,House No.1,Rehabari,Guwahati-781008 Gwalior "G-6 Global Apartment,Kailash Vihar Colony, Opp. Income Tax Office, City Centre Gwalior Madhya Pradesh-474002" Haldia MOUZA-BASUDEVPUR, J.L. NO. 126, Haldia Municipality, Ward No 10, Durgachak, Haldia - 721602 Haldwani Durga City Centre, Nainital Road, Haldwani, Uttarakhand-263139 Haridwar F - 3, Hotel Shaurya, New Model Colony, Haridwar, Uttarkhand - 249408 Hazaribag Municipal MarketAnnanda Chowk,Hazaribag,Jharkhand,825301 Himmatnagar D-78, First Floor,New Durga Bazar,Near Railway Crossing,Himmatnagar,Gujarat 383001 Hisar CAMS SERVICE CENTRE,No-12, Opp. HDFC Bank,Red Square Market,Hisar,Haryana,125001 Hoshiarpur Near Archies Gallery,Shimla Pahari Chowk,Hoshiarpur ,Punjab 146001 Hosur CAMS SERVICE CENTER,Survey No.25/204,Attibele Road,HCF Post,Mathigiri,Above Time Kids School,Oppsite To Kuttys Frozen Foods,Hosur-635110 Hubli No.204 - 205,1st Floor' B ' Block, Kundagol ComplexOpp. Court, Club Road,Hubli,Karnataka,580029 Indore 101, Shalimar Corporate Centre8-B, South Tukogunj,Opp.Greenpark, Indore,MadhyaPradesh,452001 Jabalpur 8, Ground Floor, Datt Towers,Behind Commercial Automobiles,Napier Town,Jabalpur,MadhyaPradesh,482001 Jaipur R-7, Yudhisthir Marg C-SchemeBehind Ashok Nagar Police Station,Jaipur,Rajasthan,302001 Jalandhar CAMS SERVICE CENTER, 144,Vijay Nagar,Near Capital Small Finance Bank,Football Chowk,Jalandar City-144001 Jalgaon Rustomji Infotech Services70, NavipethOpp. Old Bus

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

HEAD OFFICE - Mumbai Mafatlal Centre, 10th & 11th Floor, Nariman Point, Mumbai - 400 021.Mumbai Andheri NATRAJ,OfficeNo.302,3rdFloor,PlotNo–194,MVRoadJunction,WesternExpressHighway,Andheri(East),Mumbai–400069.Agra ShantaTower,OfficeNo.12,1stFloor,BlockNo.E-14,16,SanjayPlace,Agra–282002.Ahmedabad 3rdEYEONE,OfficeNo.301,3rdFloor,OppositeHavmorRestaurant,C.G.Road,Panchvati,Ahmedabad-380006.Bangalore RahejaTowers,WestWing,OfficeNo.104-106,1stfloor,26-27,M.G.Road,Bengaluru-560001.Bhopal StarArcade,OfficeNo.302,3rdFloor,PlotNo.165Aand166,Zone-1,M.PNagar,Bhopal-462011.Bhubneshwar LotusHouse,OfficeNo.3,2ndFloor,108-A,KharvelNagar,UnitIII,MasterCanteenSquare,Bhubaneshwar-751001.Chandigarh SCO2471–72,1stFloor,Sector22–C,Chandigarh-160022.Chennai AlameluTerraces,OfficeNo.163,3rdFloor,AnnaSalai,Chennai–600002.Coimbatore OfficeNo.25A4,3rdFloor,A.M.I.Midtown,D.B.Road,R.S.Puram,Coimbatore-641002.Dehradun NCRPlaza,Groundfloor,OfficeNo.G12/A,(No.24-A)(NewNo.112/28,RavindranathTagoreMarg),NewCanttRoad,Hathibarhkala,Dehradun–248001.Goa CedmarApartments,BlockD-A,3rdFloor,NexttoHotelArcadia,M.G.Road,Panjim,Goa-403001Gurgaon VipulAgoraMall,OfficeNo227&228,NearSaharaMall,Mehrauli-GurgaonRd,NearMGMetroStation,Sector28,Gurugram,Haryana122001Guwahati BibekanandaComplex,OfficeNo.3,2ndFloor,NearABCBusStop,GSRoad,Guwahati-781005.Hyderabad RVRTowers,OfficeNo.1-B,1stFloor,DoorNo.6-3-1089/F,RajbhavanRoad,Somajiguda,Hyderabad-500082Indore StarlitTower,OfficeNo.206,2ndFloor,29/1,Y.NRoad,Opp.S.BIIndoreHeadOffice,Indore-452001.Jaipur GreenHouse,OfficeNo.308,3rdFloor,O-15,AshokMarg,AboveAxisBank,C-Scheme,Jaipur-302001Jamshedpur Shantiniketan,2ndFloor,MainRoad,P.O.Bistupur,Jamshedpur-831001.Jodhpur LOTUSTower,BlockNoE,1stFloor,PlotNo238,Sardarpura,3rdBRoad,OppositeGandhiMaidan,Jodhpur-342003Kanpur KANChambers,OfficeNo.701-703,7thFloor,14/113,CivilLines,Kanpur-208001.Kochi AmrithaaTowers,OfficeNo.40/1045H1,6thFloor,Opp.MaharajasCollegeGround,M.G.Road,Kochi-682011.Kolkata LegacyBuilding,4thFloor,Officeno.41B,25AShakespeareSarani,Kolkata-700017.Lucknow CapitalHouse,3rdFloor,2,TilakMarg,Hazratganj,Lucknow-226001.Ludhiana SCO-29,1stFloor,FerozeGandhiMarket,PakhowalRoad,Ludhiana-141001.Mangalore MaximusCommercialComplex,OfficeNo.UGI-5,UpperGroundFloor,LightHouseHillRoad,Opp.KMC,Mangalore-575001.Nagpur Milestone,OfficeNo.108&109,1stFloor,Ramdaspeth,WardhaRoad,Nagpur-440010.Nashik Bedmutha'sNavkarHeights,OfficeNo1&2,3rdFloor,NewPanditColony,SharanpurRoad,Nashik-422002.NewDelhi 219-224,2ndFloor,NarainManzil,23BarakhambaRoad,NewDelhi-110001.Patna DumraonPlace,L309&L310,3rdFloor,FrazerRoad,Patna800001.Pune CityMall,1stFloor,OfficeNo.109(B&C)UniversitySquare,UniversityRoad,Pune-411007.Raipur RahejaTowers,OfficeNo.SF18,2ndFloor,NearHotelCelebration,Fafadih,Raipur-492001Rajkot HemArcade,OfficeNo.303,3rdFloor,OppositeSwamiVivekanandStatue,Dr.YagnikRoad,Rajkot-360001.Ranchi ShrilokComplex,OfficeNo106to109,1stFloor,PlotNo-1999&2000,4,HazaribaghRoad,Ranchi-834001.Surat InternationalTradeCentre(ITC),B-Wing,OfficeNo.G-28,GroundFloor,MajuraGateCrossing,RingRoad,Surat-395002.Trivandrum MenathottamChambers,TC-2442(6),2ndFloor,PattomPO,Thiruvananthapuram–695004.Vadodara NamanHouse,GroundFloor,1/2-B,HaribhaktiColony,Opp.RaceCoursePostOffice,RaceCourse,NearBirdCircle,Vadodara-390007.Vapi BhikajiRegency,OfficeNo.3,1stFloor,OppositeDCBBank,Vapi-SilvasaRoad,Vapi-396195.Varanasi ArihantComplex,7thFloor,D-64/127,C-H,Sigra,Varanasi-221010Vizag VRCcomplex,OfficeNo.304B,47-15-14/15,RajajeeNagar,DwarakaNagar,Visakhapatnam–530016.

CAMS Investor Service Centres and Transaction Points (Cont’d)StandJalgaon,Maharashtra,425001 Jalna Shop No 6, Ground Floor,Anand Plaza Complex,Bharat Nagar,Shivaji Putla Road,Jalna,Maharashtra,431203 Jammu JRDS Heights,Lane Opp. S&S Computers Near RBI Building, Sector 14, Nanak Nagar Jammu,Jammu &Kashmir,180004 Jamnagar 207,Manek Centre,P N Marg,Jamnagar,Gujarat,361001 Jamshedpur Millennium Tower, "R" RoadRoom No:15 First Floor, Bistupur,Jamshedpur,Jharkhand,831001 Janakpuri CAMS SERVICE CENTER,No.306,3Rd Floor,DDA-2 Building,District Center,Janakpuri,New Delhi-110058 Jaunpur 248, Fort Road Near Amber Hotel, Jaunpur Uttarpradesh-222001 Jhansi No.372/18D,1st Floor Above IDBI Bank,Beside V-Mart,Near RAKSHAN,Gwalior Road,Jhansi-284001 Jodhpur 1/5, Nirmal Tower,1st Chopasani Road,Jodhpur,Rajasthan,342003 Junagadh "Aastha Plus", 202-A, 2nd FloorSardarbag Road, Nr. AlkapuriOpp. Zansi Rani Statue, Junagadh Gujarat-362001 Kadapa Bandi Subbaramaiah Complex,D.No:3/1718, Shop No: 8, Raja Reddy Street,Kadapa,AndhraPradesh,516001 Kakinada CAMS SERVICE CENTRE,D No.25-4-29,1St floor,Kommireddy vari street,Beside Warf Road,Opp swathi medicals,Kakinada-533001 Kalyani "A – 1/50, Block A Kalyani - Nadia Dt, PIN- 741235 " Kannur Room No.PP.14/435Casa Marina Shopping CentreTalap,Kannur,Kerala,670004 Kanpur I Floor 106 to 108City Centre Phase II,63/ 2, The Mall Kanpur Uttarpradesh-208001 Karimnagar HNo.7-1-257, Upstairs S B H mangammathota,Karimnagar,Telangana,505001 Karnal No.29,Avtar Colony,Behind vishal mega mart,Karnal-132001 Karur 126 G, V.P.Towers, Kovai Road,Basement of Axis BankKarur,Tamilnadu,639002 Katni 1st Floor,Gurunanak dharmakanta,Jabalpur Road,Bargawan,Katni,MadhyaPradesh 483501 Khammam Shop No: 11 - 2 - 31/3, 1st floor,Philips Complex,Balajinagar, Wyra Road,Near Baburao Petrol Bunk,Khammam,Telangana 507001 Kharagpur CAMS SERVICE CENTRE,"Silver Palace" OT Road,Inda-Kharagpur,G-P-Barakola,P.S.Kharagpur Local,Dist West Midnapore-721305 Kolhapur 2 B, 3rd Floor,Ayodhya Towers,Station Road,Kolhapur,Maharashtra,416001 Kolkata CAMS SERVICE CENTER,2/1,Russell Street,2nd Floor,Kankaria Centre,Kolkata-700071 Kolkata-CC (Kolkata Central) 2A,Ganesh Chandra AvenueRoom ,No.3A, Commerce House"(4th Floor),Kolkata,Westbangal 700013 Kollam CAMS SERVICE CENTRE,Uthram Chanmbers(Ground Floor),Thamarakulam,Kollam-691006 Kota B-33 'Kalyan Bhawan,Triangle Part,Vallabh Nagar,Kota,Rajasthan,324007 Kottayam CAMS SERVICE CENTER,1307 B,Puthenparambil Building,KSACS Road,Opp.ESIC Office,Behind Malayala Manorama Muttambalam P O,Kottayam-686501 Kukatpally CAMS SERVICE CENTRE,No.15-31-2M-1/4,1st floor,14-A,MIG,KPHB colony,Kukatpally,Hyderabad-500072 Kumbakonam Jailani Complex47, Mutt Street,Kumbakonam,Tamilnadu,612001 Kurnool CAMS SERVICE CENTRE,Shop No.26 and 27,Door No.39/265A and 39/265B,Second Floor,Skanda Shopping Mall,Old Chad Talkies,Vaddageri,39th Ward,Kurnool-518001 Lucknow CAMS SERVICE CENTER,Office No.107,1St Floor,Vaisali Arcade Building,Plot No 11, 6 Park Road,Lucknow-226001 Ludhiana U/ GF, Prince Market, Green Field,Near Traffic Lights,Sarabha Nagar Pulli,Pakhowal Road,Ludhiana,Punjab,141002 Madurai Shop No 3 2nd Floor Surya Towers,No 272/273 Goodshed Street, Madurai - 625001 view map Malda Daxhinapan Abasan,Opp Lane of Hotel Kalinga,SM Pally,Malda,Westbangal 732101 Mangalore No. G 4 & G 5,Inland MonarchOpp. Karnataka Bank Kadri Main Road, Kadri,Mangalore,Karnataka,575003 Manipal CAMS SERVICE CENTER,Shop No-A2,Basement floor, Academy Tower,Opposite Corporation Bank,Manipal,Karnataka 576104 Mapusa (Parent ISC : Goa) CAMS COLLECTION CENTRE,Office No.503,Buildmore Business Park,New Canca By pass Road,Ximer,Mapusa Goa-403507 Margao CAMS SERVICE CENTRE,F4-Classic Heritage,Near Axis Bank,Opp.BPS Club,Pajifond,Margao,Goa-403601 Mathura 159/160 Vikas Bazar Mathura Uttarpradesh-281001 Meerut 108 Ist Floor Shivam Plaza,Opp: Eves Cinema, Hapur Road,Meerut,Uttarpradesh,250002 Mehsana 1st Floor,Subhadra ComplexUrban Bank RoadMehsana,Gujarat,384002 Moga CAMS SERVICE CENTRE,No.9, New Town,Opp.Jaswal Hotel,Daman Building,Moga-142001 Moradabad H 21-22, Ist Floor, Ram Ganga Vihar Shopping Complex, Opposite Sale Tax Office, Moradabad-244001 Mumbai Rajabahdur Compound,Ground FloorOpp Allahabad Bank, Behind ICICI Bank30, Mumbai Samachar Marg, FortMumbai,Maharashtra,400023 Muzaffarpur Brahman Toli,DurgasthanGola Road,Muzaffarpur,Bihar,842001 Mysore No.1,1st Floor,CH.26 7th Main, 5th Cross (Above Trishakthi Medicals),Saraswati Puram,Mysore,Karnataka,570009 Nadiad F 134, First Floor,Ghantakarna Complex Gunj Bazar,Nadiad,Gujarat,387001 Nagpur 145 ,Lendra,New Ramdaspeth,Nagpur,Maharashtra,440010 Namakkal 156A / 1, First Floor, Lakshmi Vilas BuildingOpp. To District Registrar Office, Trichy Road,Namakkal,Tamilnadu 637001 Nasik CASM SERVICE CENTRE,1st Floor,"Shraddha Niketan",Tilak Wadi,Opp Hotel City Pride,Sharanpur Road,Nasik-422002 Navsari "CAMS Service Centre,214-215,2nd floor, Shivani Park, Opp.Shankheswar Complex,Kaliawadi,Navsari –396445,Gujarat" Nellore 97/56, I Floor, Immadisetty TowersRanganayakulapet Road, Santhapet,Nellore,AndhraPradesh,524001 New Delhi 7-E, 4th FloorDeen Dayaal Research Institute BuildingSwami Ram Tirath Nagar,Near Videocon Tower Jhandewalan Extension,New Delhi,NewDelhi,110055 New Delhi-CC Flat no.512, Narian Manzil, 23 Barakhamba Road Connaught Place,NewDelhi,110001 Noida CAMS SERVICE CENTER,E-3,Ground Floor,Sector 3,Near Fresh Food factory,Noida-201301 Palakkad 10 / 688, Sreedevi Residency,Mettupalayam Street,Palakkad,Kerala,678001 Palanpur CAMS SERVICE CENTER,Gopal Trade center,Shop No.13-14,3Rd Floor,Nr.BK Mercantile bank,Opp.Old Gunj,Palanpur-385001 Panipat SCO 83-84, First Floor, Devi Lal Shopping Complex, Opp RBL Bank, G.T.Road , Panipat, Haryana, 132103 Patiala CAMS SERVICE CENTRE,No.35 New Lal Bagh,Opp.Polo Ground,Patiala-147001 Patna G-3, Ground Floor,OM ComplexNear Saket Tower, SP Verma Road,Patna,Bihar,800001 Pitampura CAMS SERVICE CENTRE,Aggarwal Cyber Plaza-II,Commercial Unit No-371,3rd Floor,Plot No C-7,Netaji Subhash Palace,Pitampura-110034 Pondicherry S-8, 100,Jawaharlal Nehru Street(New Complex, Opp. Indian Coffee House),Pondicherry,Pondicherry,605001 Pune CAMS SERVICE CENTER,Vartak Pride,1st Floor,Survey No.46,City Survey No.1477,Hingne budruk,D.P.Road,Behind Dinanath mangeshkar Hospital,Karvenagar,Pune-411052 Rae Bareli 17, Anand Nagar Complex Opposite Moti Lal Nehru Stadium SAI Hostel Jail Road Rae Bareilly Uttar pradesh -229001 Raipur HIG,C-23 Sector - 1Devendra Nagar,Raipur,Chattisgarh,492004 Rajahmundry Door No: 6-2-12, 1st Floor,Rajeswari Nilayam,Near Vamsikrishna Hospital,Nyapathi Vari Street, T Nagar,Rajahmundry,AndhraPradesh,533101 Rajapalayam No 59 A/1, Railway Feeder Road(Near Railway Station)RajapalayamTamilnadu626117 Rajkot Office 207 - 210, Everest BuildingHarihar ChowkOpp Shastri Maidan,Limda Chowk,Rajkot,Gujarat,360001 Ranchi 4,HB RoadNo: 206,2nd Floor Shri Lok ComplexH B Road Near Firayalal,Ranchi,Jharkhand,834001 Ratlam Dafria & Co,No.18, Ram Bagh, Near Scholar's School,Ratlam, MadhyaPradesh 457001 Ratnagiri CAMS SERVICE CENTRE,Orchid Tower,Gr Floor,Gala No.06,S.V.No.301/Paiki 1/2,Nachane Municiple Aat,Arogya Mandir,Nachane Link Road,At,Post,Tal.Ratnagiri Dist.Ratnagiri-415612 Rohtak CAMS SERVICE CENTRE,SCO 06,Ground Floor,MR Complex,Near Sonipat Stand Delhi Road,Rohtak-124001 Roorkee 22, Civil Lines, Ground Floor,Hotel Krish Residency,Roorkee,Uttarakhand 247667 Rourkela CAMS SERVICE CENTRE,2nd Floor,J B S Market Complex,Udit Nagar,Rourkela-769012 Sagar Opp. Somani Automobile,s Bhagwanganj Sagar, MadhyaPradesh 470002 Saharanpur I Floor, Krishna ComplexOpp. Hathi GateCourt Road,Saharanpur,Uttarpradesh,247001 Salem No.2, I Floor Vivekananda Street,New Fairlands,Salem,Tamilnadu,636016 Sambalpur C/o Raj Tibrewal & AssociatesOpp.Town High School,Sansarak Sambalpur,Orissa,768001 Sangli Jiveshwar Krupa BldgShop. NO.2, Ground Floor,Tilak ChowkHarbhat Road,Sangli,Maharashtra-416416 Satara 117 / A / 3 / 22, Shukrawar Peth,Sargam Apartment,Satara,Maharashtra,415002 Secunderabad (Hyderabad) 208, II FloorJade ArcadeParadise Circle,Hyderabad,Telangana,500003 Shahjahanpur Bijlipura, Near Old Distt Hospital, Jail Road ,Shahjahanpur Uttarpradesh-242001 Shimla I Floor, Opp. Panchayat Bhawan Main gateBus stand,Shimla,HimachalPradesh,171001 Shimoga No.65 1st FloorKishnappa Compound1st Cross, Hosmane Extn,Shimoga,Karnataka,577201 Siliguri CAMS SERVICE CENTER,No.78,Haren Mukherjee Road,1st Floor,Beside SBI Hakimpara,Siliguri-734001 Sirsa Ground Floor of CA Deepak Gupta,,M G Complex, Bhawna marg , Beside Over Bridge,bansal Cinerma Market, Sirsa Haryana,125055 Sitapur Arya Nagar Near Arya Kanya School Sitapur Uttarpradesh-261001 Solan 1st Floor, Above Sharma General Store,Near Sanki Rest house,The Mall,Solan, HimachalPradesh 173212 Solapur Flat No 109, 1st FloorA Wing, Kalyani Tower126 Siddheshwar Peth,Near Pangal High SchoolSolapur,Maharashtra,413001 Sri Ganganagar 18 L BlockSri Ganganagar,Rajasthan,335001 Srikakulam Door No 4—4-96,First Floor.Vijaya Ganapathi Temple Back Side,Nanubala Street ,Srikakulam, AndhraPradesh 532001 Sultanpur 967, Civil Lines Near Pant Stadium Sultanpur Uttarpradesh-228001 Surat CAMS SERVICE CENTRE,Shop No.G-5,International Commerce Center,Nr.Kadiwala School,Majura Gate,Ring Road,Surat-395002 Surendranagar Shop No. 12,M.D. Residency,Swastik Cross Road,Surendranagar - 363001 Tambaram CAMS SERVICE CENTER,3rd Floor, B R Complex,No.66,Door No.11A,Ramakrishna Iyer Street,Opp.National Cinema Theatre,West Tambaram,Chennai-600045 Thane CAMS SERVICE CENTER,Dev Corpora,1st Floor,Office No.102,Cadbury Junction,Eastern Express Way,Thane-400601 Tinsukia CAMS Transaction Point, Bhowal Complex Ground Floor, Near Dena Bank, Rongagora Road PO / Dist - Tinsukia Assam PIN -786 125 Tirunelveli CAMS SERVICE CENTRE,No.F4,Magnam Suraksaa Apatments,Tiruvananthapuram Road,Tirunelveli-627002 Tirupati Shop No : 6,Door No: 19-10-8,(Opp to Passport Office),AIR Bypass Road,Tirupati-517501,AndhraPradesh Tirupur 1(1), Binny Compound,II Street,Kumaran Road,Tirupur,Tamilnadu,641601 Tiruvalla CAMS SERVICE CENTER,1st Floor,Room No-61(63),International shopping Mall,Opp.ST Thomas Evangelical Church,Above Thomsan Bakery,Manjady,Thiruvalla-689105 Trichur Room No. 26 & 27Dee Pee Plaza,Kokkalai,Trichur,Kerala,680001 Trichy No 8, I Floor, 8th Cross West Extn,Thillainagar,Trichy,Tamilnadu,620018 Trivandrum R S Complex,Opp of LIC Building,Pattom PO,Trivandrum,Kerala,695004 Tuticorin 4B/A16, Mangal Mall Complex,Ground Floor,Mani Nagar,TuticorinTamilnadu628003 Udaipur CAMS SERVICE CENTRE,No.32,Ahinsapuri,Fatehpura Circle,Udaipur-313001 Ujjain 123, 1st Floor, Siddhi Vinanyaka Trade Centre,Saheed Park,UjjainMadhyaPradesh456010 Vadodara 103 Aries Complex,Bpc Road, Off R.C.Dutt Road,Alkapuri,Vadodara,Gujarat,390007 Valsad 3rd floor,Gita Nivas, opp Head Post Office,Halar Cross LaneValsad,Gujarat,396001 Vapi 208, 2nd Floor HEENA ARCADE,Opp. Tirupati TowerNear G.I.D.C. Char Rasta,Vapi,Gujarat,396195 Varanasi Office no 1, Second floor, Bhawani Market, Building No. D-58/2-A1, Rathyatra Beside Kuber Complex, Varanasi, Uttarpradesh-221010 Vasco(Parent Goa) No DU 8, Upper Ground Floor, Behind Techoclean Clinic, Suvidha Complex Near ICICI Bank,Vasco,Goa,403802 Vashi CAMS SERVICE CENTRE,BSEL Tech Park,B-505,Plot No.39/5 & 39/5A,Sector 30A,Opp.Vashi Railway StationmVashi,Navi Mumbai-400705 Vellore CAMS SERVICE CENTRE,AKT Complex,2nd Floor,No.1,3,New Sankaranpalayam Road Tolgate,Vellore-632001 Vijayawada 40-1-68, Rao & Ratnam Complex,Near Chennupati Petrol Pump,M.G Road, Labbipet,Vijayawada,AndhraPradesh,520010 Visakhapatnam (Vizag) CAMS SERVICE CENTRE, Door No 48-3-2, Flat No 2, 1st Floor, Sidhi Plaza, Near Visakha Library, Srinagar, Visakhapatnam- 530 016 Warangal Hno. 2-4-641, F-7, 1st Floor, A.B.K Mall, Old Bus Depot Road, Ramnagar, Hanamkonda, Warangal.Telangana- 506001 Yamuna Nagar 124-B/R,Model TownYamunanagar,Yamuna Nagar,Haryana,135001Yavatmal Pushpam, Tilakwadi,Opp. Dr. Shrotri Hospital,Yavatmal,Maharashtra 445001

Point of Services (“POS”) of MF Utilities India Private Limited (“MFUI”)ThelistofPOSofMFUIispublishedonthewebsiteoftheFundatwww.dspim.comandMFUIatwww.mfuindia.comandwillbeupdatedfromtimetotime.

AGARTALA KrishnaNagarAdvisorChowmuhani(GroundFloor)Agartala799001AGARTALA OldRMSChowmuhaniMantriBariRoad,1stFloor,NearTrafficPointTripura(West)Agartala799001AGRA No.8IIFloorMarutiTowerSanjayPlaceAgra282002AGRA 1stFloorDeepakWasanPlazaBehindHolidayInn,OppMegdootFurnituresSanjayPlaceAgra282002AHMEDABAD 111-1131stFloor,DevpathBuildingOff:CGRoad,BehindLalBungalowEllisBridgeAhmedabad380006AHMEDABAD OfficeNo.401,on4thFloorABC-I,Off.C.G.RoadAhmedabad380009AJMER No.423/30NearChurchBrahampuri,JaipurRoadOppTBHospitalAjmer305001AJMER 3023rdFloorAjmerAutoBuilding,OppositeCityPowerHouseJaipurRoadAjmer305001AKOLA Opp.RLTScienceCollegeCivilLinesAkola444001AKOLA YamunaTarangComplexShopNo30GroundFloor,OppRadhakrishnaTalkiesN.H.No-06MurtizapurRoadAkola444004ALIGARH CityEnclaveOpp.KumarNursingHomeRamghatRoadAligarh202001ALIGARH SebtiComplexCentrePointAligarh202001ALLAHABAD 30/2A&BCivilLinesStationBesidesVishalMegaMartStracheyRoad Allahabad 211001 ALLAHABAD SarojBhawanPatrikaMargCivilLinesAllahabad211001ALLEPPEY Doctor'sTowerBuildingDoorNo.14/25621stFloorNorthofIronBridge,NearHotelArcadiaRegencyAlleppey688001ALWAR 256AScheme1AryaNagarAlwar301001ALWAR OfficeNumber137,FirstFloorJaiComplexRoadNo.2Alwar301001AMARAVATI 81GulshamTowerNearPanchsheelAmaravati444601AMARAVATI ShopNo.212ndFloorGulshanTower,NearPanchsheelTalkiesJaistambhSquareAmaravati444601AMBALA OppositePeerBalBhawanRoadAmbala134003AMBALA 6349,2ndFloor,NicholsonRoadAdjacentKosHospitalAmbalaCantAmbala133001AMRITSAR SCO18J'C'BlockRanjitAvenueAmritsar140001AMRITSAR 72-ATaylor'sRoadOppAgaHeritageClubAmritsar143001ANAND 101A.P.TowersB/H.SardarGunjNextToNathwaniChambersAnand388001ANAND B-42VaibhavCommercialCenterNrTVSDownTownShowRoomGridCharRastaAnand380001ANANTAPUR 15-570-33IFloorPallaviTowers,Opp:CanaraBankSubashRoadAnantapur515001ANANTAPUR PlotNo:12-313,,BalajiTowersSuryanagarAnanthapurVillageAnantapur515001ANKLESHWAR ShopNoF56FirstFloorOmkarComplexOppOldColony,NrValiaCharRastaGIDCAnkleshwar393002ANKLESHWAR L/2KevalShoppingCenterOldNationalHighwayAnkleshwar393002ASANSOL BlockGFirstFloorPCChatterjeeMarketComplexRambandhu,TalabpoUshagramAsansol713303ASANSOL 112/N,GTRoadBhangaPachilAsansol713303AURANGABAD 2ndFloor,BlockNo.D-21-D-22MotiwalaTradeCenter,NiralaBazarNewSamarthNagar,Opp.HDFCBankAurangabad431001AURANGABAD RamkunjNiwasRailwayStationRoadNearOsmanpuraCircleAurangabad431005AZAMGARH HouseNo.290,GroundFloorCivillines,NearSaharaOfficeAzamgarh276001BALASORE BCSenRoadBalasore756001BALASORE 1-B.1stFloor,KalingaHotelLaneBaleshwar,BaleshwarSadarBalasore756001BANGALORE TradeCenter1stFloor45DickensonRoad(NextToManipalCenter)Bangalore560042BANGALORE No.337GF-3KarunaComplexOpp:NewVegetableMarketSampigeRoad,MalleshwaramBangalore560003BANGALORE No35,PuttannaRoadBasavanagudiBangalore560004BANGALORE AaryaaCenter;1stFloor,MunicipalNo:01MIGKHBcolony,1Across,5thblockOpp:PostOffice,KoramangalaBangalore560095BANKURA Plotnos-80/1/A,NatunchatiMahala,3rdfloorWardno-24,OppositeP.CChandraBankura722101BAREILLY F-6263IIndFloorButlerPlazaCommercialComplexCivilLinesBareilly243001BAREILLY 54CivilLinesAyubKhanChaurahaBareilly243001BARHAMPORE ThakurMarketComplexGorabazarPostBerhampore72NoNayasarakRoad,DistMurshidabadBarhampore742101BEGUSARAI NearHotelDiamondSurbhiComplexO.CTownshipGateKapasiyaChowkBegusarai851117BELGAUM 1stFloor221/2A/1BVaccineDepotRoad,TilakwadiNear2ndRailwayGateBelgaum590006BELGAUM No101,CTSNO1893ShreeGuruDarshaniTowerAnandwadiHindwadiBelgaum590011BELLARY #60/5MullangiCompoundGandhinagarMainRoad (OldGopalswamyRoad)Bellary583101BELLARY ShreeGayathriTowers,#4,1stFloor,KHBColonyGopalsamyMudaliarRoad,GandhiNagarBellary583103BERHAMPUR KalikaTempleStreet,GroundFloorBesideSBIBAZARBranchBerhampur760002BERHAMPUR Opp–DivyaNandanKalyanMandap3rdLaneDharamNagarNearLohiyaMotorBerhampur760001BETUL 1071stFloorHotelUtkarshJ.H.CollegeRoadBetul460001BHAGALPUR GroundFloorGurudwaraRoadNearOldVijayaBankBhagalpur812001BHAGALPUR 2ndFloor,ChandralokComplexNearGhantaGharBhagalpur812001BHARUCH ShopNo147-148AdityaComplexNearKasakCircleBharuch392001BHATINDA 2907GHGTRoadNearZilaParishadBhatinda151001BHATINDA MCB-Z-3-01043,2ndFloorGonianaRoda,Opp:NipponIndiaMFNearHanumanChowk,GTRoadBhatinda151001BHAVNAGAR 305-306SterlingPointWaghawad iRoadOpp.HDFCBankBhavnagar364002BHAVNAGAR 303,SterlingPointWaghawadiRoadBhavnagar364001BHILAI FirstFloor,PlotNo.3,BlockNo.1PriyadarshiniParisarWestBehindIDBIBank,NehruNagarBhilai490020BHILAI OfficeNo.2,1stFloorPlotNo9/6NehruNagar-EastBhilai490020BHILWARA IndraPrastaTowerIIndFloorSyamKiSabjiMandiNearMukerjeeGardenBhilwara311001BHILWARA ShopNo.27-281stFloorHeeraPannaMarketPurRoadBhilwara311001BHOPAL PlotNo102ndFloorAlankarComplex,MPNagarZoneIINearICICIBankBhopal462011BHOPAL KayKayBusinessCentre133ZoneIMPNagarAboveCityBankBhopal462011BHUBANESWAR Plot No 111VarahaComplexBuilding3rdFloorStationSquareKharvelNagarUnit3Bhubaneswar751001BHUBANESWAR A/181BackSideofShivamHondaShowRoomSaheedNagarBhubaneswar751007BHUJ OfficeNo.4-5,FirstFloorRTORelocationCommercialComplex–BOpp.FireStation,NearRTOCircleBhuj370001BIKANER ShopNoF4&5BothraCompexModernMarketBikaner334001BIKANER 70-712ndFloorDr.ChaharBuildingPanchsatiCircle,SadulGanjBikaner334001BILASPUR BesideHDFCBankLinkRoadBilaspur495001BILASPUR ANANDAMPLAZAShop.No.306;3rdFloorVyaparViharMainRoadBilaspur495001BOKARO MazzanineFloorF-4CityCentreBokaroSteelCityBokaro827004BOKARO B-11stFloorCityCentreSector-4NearSonaChandiJwellarsBokaro827004BURDWAN 1stFloorAboveExideShowroom399GTRoadBurdwan713101BURDWAN AnimaBhavan,1stFloor,HoldingNo.-42Sreepally,G.T.RoadBurdwan713103CALICUT 29/97GGulfAirBuilding2ndFloorArayidathupalamMavoorRoadCalicut673016CALICUT SecondFloor,ManimuriyilCentreBankRoadKasabaVillageCalicut673001CHANDIGARH

DeepakTowersSCO154-1551stFloorSector17-CChandigarh160017CHANDIGARH Sco2423-2424Sector22-CFirstFloorChandigarh160022CHANDRAPUR RautsRaghuvanshiComplexShopNo-1OfficeNo-21stFloorBesideAzadGardenMainRoadChandrapur442402CHENNAI No.178/10KodambakkamHighRoadGroundFloorOpp.HotelPalmgrove,NungambakkamChennai600034CHENNAI No:48SaravanaSquareHotel1stFloorFloorFirstMainRoadNanganallurChennai600061CHENNAI NewNo51GandhiNagarFirstMainRoadAdyarChennai600020CHENNAI F-11AkshayaPlaza,OppToChiefMetropolitanCourt1stFloor108AdhithanarSalaiEgmoreChennai600002CHENNAI No23|CathedralGardenRoadNungambakkamChennai600034CHINSURAH 96,DoctorsLaneHooghlyDtChinsurah712101COCHIN Modayil,39/2638DJ2ndFloor,2AM.GRoadCochin682016COCHIN AliArcade1stFloor,NearAtlantisJunctionKizhavanaRoadPanampillyNagarErnakualm682036COIMBATORE No1334;ThadagamRoadThirumoorthyLayout,R.S.PuramBehindVenkteswaraBakeryCoimbatore641002COIMBATORE 3rdFloorJayaEnclave1057AvinashiRoadCoimbatore641018CUTTACK NearIndianOverseasBankCantonmentRoadMataMathCuttack753001CUTTACK POBuxiBazarOppDarghaBazarPoliceStationDarghaBazarCuttack753001DARBHANGA JayaComplex2ndFloorAboveFurniturePlanetDonarChowkDarbhanga846003DAVANGERE AkkamahadeviSamajaComplexChurchRoadPJExtensionDavangere577002DAVANGERE D.No162/6,1stFloor,3rdMainPJExtension,DavangeretalukDavangereMandalDavangere577002DEHRADUN 204/121NariShilpMandirMargoldConnaughtPlaceDehradun248001DEHRADUN KaulagarhRoadNearSirmaurMargAboveRelianceWebworldDehradun248001DEOGHAR SSMJalanRoadGroundFloorOpp.HotelAshokeCasterTownDeoghar814112DEORIA K.K.Plaza,AboveApurwaSweetsCivilLinesRoadDeoria274001DEWAS 27RMOHouseStationRoadAboveMaaChamundaGasAgencyDewas455001DHANBAD UrmilaTowersRoomNo:111(1stFloor)BankMoreDhanbad826001DHANBAD 208NewMarket2ndFloor,KatrasRoadBankMoreDhanbad826001DHULE GroundFloorIdealLaundryLaneNo4KholGalli,NearMuthootFinanceOppBhavasarGeneralStoreDhule424001DURGAPUR PlotNo3601,NazrulSaraniCityCentreDurgapur713216DURGAPUR Mwav-16BengalAmbuja2ndFloorCityCentre16DtBurdwanDurgapur713216ELURU D.No:23B-5-93/1SavithriComplexNearDr.PrabhavathiHospitalEdaravari Street,R.R.PetEluru534002ERODE 171-ESheshaiyerComplexFirstFloorAgraharamStreetErode638001 ERODE No38/1,SathyRoad,(VCTVMainRoad)SornaKrishnaComplex,GroundFloorErode638003FARIDABAD B-49FirstFloorNehruGroundBehindAnupamSweetHouseNitFaridabad121001FARIDABAD A-2BIstFloorNehruGroundNITFaridabad121001 FEROZEPUR TheMallRoadChawlaBuldingIstFloor,Opp.CentrailJailNearHanumanMandirFerozepur152002GANDHIDHAM 2042ndFloorBhagwatiChamberKutchkalaRoadGandhidham382007GANDHINAGAR Plot No945/2Sector7/COppPathikaGandhinagar382007GAYA PropertyNo.711045129GroundFloor,HotelSkylarkSwaraipuriRoadGaya823001GHAZIABAD B-11,LGFRDCRajnagarGhaziabad201002GHAZIABAD 1stFloorC-7LohiaNagarGhaziabad201001GHAZIPUR HouseNo.148/19MahuabaghGhazipur233001GONDA HNo782,ShivSadan,ITIRoadNearRaghukulVidyapeethCivillinesGonda271001GORAKHPUR ShopNo32ndFloorCrossRoadTheMallADChowkBankRoadGorakhpur273001GORAKHPUR AboveV.I.P.HouseAjdacentA.D.GirlsCollegeBankRoadGorakpur273001GULBARGA HNO2-231,KrishnaComplex2ndFloorOpp.MunicipalcorporationOfficeJagatStationMainRoad,KALABURAGIGulbarga585105GUNTUR DoorNo.5-38-445/1BrodipetNearRaviSankarHotelGuntur522002GUNTUR 2ndShutter,1stFloor,Hno.6-14-4814/2Lane,,ArundalPetGuntur522002GURGAON SCO16Sector14FirstFloorGurgaon122001GURGAON 2ndFloor,VipulAgoraM.G.RoadGurgaon122001GUWAHATI A.K.AzadRoadRehabariGuwahati781008GUWAHATI 1stFloorBajrangbaliBuildingNearBoraServiceStationGSRoadGuwahati781007GWALIOR G-6GlobalApartmentKailashViharColony,CityCentreOpp.IncomeTaxOfficeGwalior474002GWALIOR 2ndFloorRajeevPlazaJayendraGanjLashkarGwalior474009HALDWANI ShopNo5KMVNShopingComplexHaldwani263139HARIDWAR 7,Govindpuri,Opposite1-indiaMartAboveRajElectricalsRanipurMoreHaridwar249401HASSAN SASNO-212,groundfloorNearHotelSouthernStarSampigeRoad1stCross,K.R.PuramHassan573201HAZARIBAG MunicipalMarketAnnandaChowkHazaribag825301HISAR 12Opp.BankofBarodaRedSquareMarketHisar125001HISSAR ShopNo.20,GroundFloor,RDCityCentreRailwayRoadHisar125001HOSHIARPUR 1stFloorTheMallTowerOppKapilaHospitalSutheriRoadHoshiarpur146001HUBLI No.2042051stFloor'B'BlockKundagolComplexOpp.CourtClubRoadHubli580029HUBLI RRMahalaxmiMansionAboveINDUSINDBank,2ndFloorDesaiCross,PintoRoadHubballi580029HYDERABAD ‘KARVYCENTRE’8-2-609/KAvenue4,StreetNo.1BanjaraHillsHyderabad500034HYDERABAD KARVYSELENIUM,PlotNo.31&32,TowerBSurveyNo.115/22,115/24&115/25,FinancialDistrict,GachibowliNanakramguda,SerlingampallyMandalHyderabad500032INDORE 101ShalimarCorporateCentre8-BSouthTukoganjOppositeGreenPark Indore452001 INDORE 2ndFloor203-205BalajiCorporatesAboveICICIBank,NearCureWellHospital19/1NewPalasia,JanjeerwalaSquareIndore452001JABALPUR 8GroundFloorDattTowersBehindCommercialAutomobilesNapierTownJabalpur482001JABALPUR GroverChamber43NayaBazarMalviyaChowkOppShyamMarketJabalpur482002JAIPUR R-7YudhisthirMargC-SchemeBehindAshokNagarPoliceStationJaipur302001JAIPUR OfficeNumber101,1stFloor,OkayPlusTowerNexttoKalyanJewellersGovernmentHostelCircle,AjmerRoadJaipur302001JALANDHAR 367/8CentralTownOpp.GurudwaraDiwanAsthanJalandhar144001JALANDHAR OfficeNo7,3rdFloorCitySquarebuildingE-H197CivilLinesJalandhar144001JALGAON 70NavipethOpp.OldBusStandJalgaon425001JALGAON 269JaeeVishwa,1stfloorAboveUnitedBankofIndiaBaliramPeth,NrKishorAgenciesJalgaon425001JALNA ShopNo6GroundFloorAnandPlazaComplexBharatNagarShivajiPutlaRoadJalna431203JALPAIGURI DBCRoadOppNiralaHotelJalpaiguri735101JAMMU JRDSHeights,LaneOpp.S&SComputersNearRbiBuildingSector14NanakNagarJammu180004JAMMU Gupta’sTower2ndFloor,CB-12RailHeadcomplexJammu180012JAMNAGAR 207ManekCentrePNMargJamnagar361001JAMNAGAR 131MadhavPlazzaOppSBIBankNrLalBunglowJamnagar361001JAMSHEDPUR RoomNo.15IstFloorMillenniumTower"R"RoadBistupurJamshedpur831001JAMSHEDPUR Madhukunj,3rdFloorQRoad,Sakchi,BistupurEastSinghbhumJamshedpur831001JHANSI 372/18D,IstFlooraboveIDBIBankBesideV-Mart,Near"RASKHAN"GwaliorRoadJhansi284001JHANSI 1stFloor,PujaTowerNear48ChambersELITECrossingJhansi284001JODHPUR 1/5NirmalTower1stChopasaniRoadJodhpur342003JODHPUR 203ModiArcadeChopasniRoadJodhpur342001JUNAGADH AasthaPlus202-A2ndFloorSardarbagRoadNr.AlkapuriOpp.ZansiRaniStatueJunagadh362001JUNAGADH 124-125PunitShoppingCenterM.GRoadRanavavChowkJunagadh362001KADAPA D.No:3/1718ShopNo:8,BandiSubbaramaiahComplexBesidesBharathiJuniorCollegeRajaReddyStreetKadapa516001KAKINADA No.33-144SriSathyaComplexMainRoadKakinada533001KALYANI A-1/50BlockAkalyaniDistNadiaKalyani741235KANNUR RoomNo.PP14/435CasaMarinaShoppingCentreTalapKannur670004KANNUR 2ndFloorGlobalVillageBankRoadKannur670001KANPUR FirstFloor106-108CityCentrePhaseII63/2TheMallKanpur208001KANPUR 15/46BGroundFloorOpp:MuirMillsCivilLinesKanpur208001KARAIKUDI No.2GopiArcade100FeetRoadKaraikudi630001KARIMNAGAR H.No.7-1-257UpstairsS.B.HMankammathotaKarimnagar505001KARIMNAGAR 2ndShutter,HNo.7-2-607SriMathaComplexMankammathotaKarimnagar505001KARNAL 18/369CharChamanKunjpuraRoadBehindMiglaniHospitalKarnal132001KARUR 126GVPTowersKovaiRoadBasementofAxisBankKarur639002KARUR No.108ArulsivamComplexThiruViKaRoadKarur639001KHARAGPUR ShivhareNiketanH.No.291/1WardNo-15,MalanchaMainRoadOppositeUcoBankKharagpur721301KHARAGPUR 180MalanchaRoadBesideAxisBankLtdKharagpur721304KOLHAPUR 2B3rdFloorAyodhyaTowersStationRoadKolhapur416001KOLHAPUR 605/1/4EWardShahupuri2ndLaneLaxmiNiwasNearSultaneChambersKolhapur416001KOLKATA SaketBuilding 44ParkStreet2ndFloorKolkata700016KOLKATA ApeejayHouse(BesideParkHotel)15ParkStreet,CBlock,3rdFloorKolkata-700016,WestBengal,IndiaKOLLAM UthramChambers(GroundFloor)ThamarakulamKollam691006KOLLAM SreeVigneswaraBhavanShastriJunctionKadapakadaKollam691001KOTA B-33'KalyanBhawan'TrianglePartVallabhNagarKota324007KOTA PlotNo:259IstFloorNearLalaLajpatRaiCircleShoppingCentreKota324007KOTTAYAM BuildingNo:KMCIX/1331A,ThekkumkattilBuildingOpp.:MalayalaManoramaRailwayStationRoadKottayam686001KOTTAYAM 1stFloorCsiascensionSquareRailwayStationRoadCollectoratePOKottayam686002KUMBAKONAM JailaniComplex47MuttStreetKumbakonam612001KURNOOL ShopNos.26and27,DoorNo.39/265Aand39/265BSecondFloor,SkandaShoppingMallOldChadTalkies,Vaddageri,39thWardKurnool518001KURNOOL ShopNo.431stFloorSVComplexRailwayStationRoadNearSBIMainBranchKurnool518004LUCKNOW No.4FirstFloorCentreCourt5ParkRoad,HazratganjLucknow226001LUCKNOW KSMTowerCP-1SinderDumpNearAlambaghBusStationAlambaghLucknow-226005LUCKNOW B-1/2VijayKhandNearUnionBankofIndiaGomtinagarLucknow226010LUCKNOW 1stFloor,AAComplexThaperHouse5ParkRoad,HazratganjLucknow226001LUCKNOW HIG-67SectorEAliganjLucknow226024LUDHIANA U/GFPrinceMarket,GreenFieldNearTrafficLights(AboveDr.VirdisLab),SarabhaNagar,PulliPakhowalRoadP.O.ModelTownLudhiana141002LUDHIANA SCO1222ndFloorAboveHDFCMutualfundFerozeGandhiMarketLudhiana141001MADURAI ShopNo32ndFloor,SuriyaTowers272/273–GoodshedStreetMadurai625001MADURAI No.G-16/17,ARPlaza1stfloor,NorthVeliStreetMadurai625001MALDA RamKrishnaPallyGroundFloorEnglishBazarMalda732101MANDI HouseNo.99/11,3rdFloorOppositeGSSBoySchoolSchoolBazarMandi175001MANGALORE No.G4&G5InlandMonarchOpp.KarnatakaBankKadriMainRoadKadriMangalore575003MANGALORE Mahendra ArcadeOppCourtRoadKarangalPadiMangalore575003MARGAO VirginkarChambersIFloorNearKamatMilanHotel,Old.StationRoadNewMarketNearLilyGarmentsMargao403601MARGAO 2ndFloorDalalCommercialComplexPajifondMargao403601MATHURA ShopNo.9,GroundFloor,VihariLalPlazaOppositeBrijwasiCentrumNearNewBusStandMathura281001MEERUT 1081stFloorShivamPlazaOppositeEvesCinemaHapurRoadMeerut250002MEERUT HNo5,PurvaEranOppSyndicateBankHapurRoadMeerut250001MEHSANA 1stFloorSubhadraComplexUrbanBankRoadMehsana384002MEHSANA UL/47ApolloEnclaveOppSimandharTempleModheraCrossRoadMehsana384002MIRZAPUR AboveHDFCBankDankeenganjMirzapur231001MOGA 1stFloorDuttRoadMandirWaliGaliCivilLinesBaratGharMoga142001MORADABAD B-612'Sudhakar'LajpatNagarMoradabad244001MORADABAD ChadhaComplexG.M.D.RoadNearTadiKhana,ChowkMoradabad244001MORENA HouseNo.HIG959,NearCourtFrontofDr.LalLabOldHousingBoardColonyMorena476001MUMBAI HirjiHeritage,4thFloor,Officeno402Landmark:AboveTribhuwandasBhimjiZaveri(TBZ)L.T.Road,Borivali-WestMumbai-400092MUMBAI 351,Icon,501,5thfloorWesternExpressHighwayAndheriEastMumbai-400069MUMBAI RajabahdurCompoundGroundFloorOppAllahabadBank,BehindICICIBank30.MumbaiSamacharMar,FortMumbai400023MUMBAI PlatinumMallOfficeNo.307,3rdFloorJawaharRoad,GhatkoparEastMumbai400077MUMBAI ShopNo.1,GroundFloorDiptiJyothiCoOpHsgSoc,NearMTNLOfficePMRoad,VileparleEastMumbai400057MUMBAI 24/BRajaBahadurCompoundAmbalalDoshiMarg,BehindBSEBldgFortMumbai400001MUMBAI GomatiSmuti,GroundFloorJambliGully,NearRailwayStationBorivali(West)Mumbai400092MUMBAI ShopNo.4GroundFloorShramSaflyaBldg,N.G.AcharyaMargChemburMumbai400071MUZAFFARPUR BrahmanToliDurgasthanGolaRoadMuzaffarpur842001MUZAFFARPUR FirstFloor,SarojComplexDiwamRoadNearKalyaniChowkMuzaffarpur842001MYSORE No.11stFloorCh.267thMain5thCross,SaraswatiPuramAboveTrishakthiMedicalsMysore570009MYSORE L-350SilverTowerAshokaRoadOpp.ClockTowerMysore570001NADIAD 311-3rdFloorCityCenterNearParasCinemaNadiad387001NAGERCOIL 45EastCarStreet1stFloorNagercoil629001NAGPUR 145LendraParkBehindShabariNewRamdaspethNagpur440010NAGPUR PlotNo2/1HouseNo102/1,MangaldeepAppartmentOppKhandelwalJewelersMataMandirRoad,DharampethNagpur440010NAMAKKAL No352/144TrichyMainRoadNamakkal637001NANDED ShopNo.4SantakripaMarketGGRoadOpp.BankofIndiaNanded431601NASIK RuturangBungalow2,GodavariColonyBehindBigBazar,NearBoysTownSchoolOffCollegeRoadNasik422005NASIK F-1SuyojitSankulSharanpurRoadNasik422002NAVI MUMBAI BSELTechParkB-505Plotno39/5&39/5ASector30A,VashiNaviMumbai400705NAVSARI 161stFloorShivaniParkOpp.ShankheswarComplexKaliawadiNavsari396445NAVSARI 103,1stFloorLandmarkMallNearSayajiLibraryNavsari396445NELLORE 9/756FirstFloorImmadisettyTowersRanganayakulapetRoad,SanthapetNellore524001NEW DELHI 7-E4thFloor,DeenDayaalResearchInstituteBldgSwamiramTirathNagar,JhandewalanExtnNearVideoconTowerNewDelhi110055NEW DELHI 305NewDelhiHouse27BarakhambaRoadNewDelhi110001NIZAMABAD HNo:5-6-430AboveBankofBarodaFirstFloor,BesideHDFCBankHyderabadRoadNizamabad503003NOIDA C-81FirstFloorSector2Noida201301NOIDA F-21Sector-18Noida201301PALAKKAD 10/688SreedeviResidencyMettupalayamStreetPalakkad678001PALAKKAD No:20&21MetroComplexH.P.O.RoadPalakkad678001PANIPAT SCO83-84IstFloorDeviLalShoppingComplexOppRbsBank,GTRoadPanipat132103PANIPAT 1stFloorKrishnaTowerAboveAmertexG.T.RoadPanipat132103PANJIM LawandeSarmalkarBhavan1stFloor,OfficeNo.2NexttoMahalaxmiTemplePanajiGoa–403001PANJIM FlatNo.1-A,H.No.13/70,TimotioBldgNexttoNavhindBhavan(MarketArea)HeliodoroSalgadoRoad,PanajiGoa-403001PATHANKOT 2ndFloor,SahniArcadeComplexAdj.IndraColonyGateRailwayRoadPathankot145001PATIALA 35NewLalBaghColonyPatiala147001PATIALA SCO27DChottiBaradariNearCarBazaarPatiala147001PATNA G-3GroundFloorOmViharComplexSPVermaRoadPatna800001PATNA 3A3rdFloorAnandTowerExhibitionRoadOppICICIBankPatna800001PONDICHERRY S-8100JawaharlalNehruStreet(NewComplexOpp.IndianCoffeeHouse)Pondicherry605001PONDICHERRY No122(10b)MuthumariammankoilstreetPondicherry605001PRODDATUR D.NO:4/625BhairaviComplexUpstairsKarurVysyaBankGandhiRoadProddatur516360PUDUKOTTAI SundaramMasilamaniTowersTSNo.54765479,PMRoadOldTirumayamSalaiNearAnnaStatueJublieArtsPudukottai622001PUNE SurveyNo46,CitySurveyNo14771stfloorVartakPride,D.PRoad,KarvenagarBehindMangeshkarHospital,NexttoKalpvrukshSocietyPune411052PUNE MozaicBldg,CTSNo.1216/1,FinalPlotNo.576/1TP,SchemeNo.1FCRoad,Bhamburda,ShivajiNagarPune411004RAIPUR HIGC-23Sector1DevendraNagarRaipur492004RAIPUR ShopNo.31ThirdFloorMilleniumPlazaAboveIndianHouseBehindIndianCoffeeHouseRaipur492001RAJAHMUNDRY DoorNo:6-2-121stFloorRajeswariNilayamNear,VamsikrishnaHospitalNyapathiVariStreet,TNagarRajahmundry533101RAJAHMUNDRY D.No.6-1-4RangacharyStreetT.NagarNearAxisBankStreetRajahmundry533101RAJAPALAYAM SriGanapathyComplex14B/5/18TPMillsRoadVirudhungarDistRajapalayam626117RAJKOT Office207210EverestBuildingOppShastriMaidanLimdaChowkRajkot360001RAJKOT 302,MetroPlazaNearMotiTankiChowkRajkot360001RANCHI 4HBRoadNo:2062ndFloorShriLokComplexRanchi834001RANCHI RoomNo3073rdFloorCommerceTowerBesideMahabirTowerRanchi834001RENUKOOT RadhikaBhavanOpp.PadminiHotelMurdhwaRenukoot231217REWA InFrontofTeerthMemorialHospitalUniversityRoadRewa486001ROHTAK SCO–34,GroundFloorAshokaPlazaDelhiRoadRohtak124001ROHTAK ShopNo14,GroundFloor,AshokaPlazaDelhiRoadRohtak124001ROORKEE ShreeAshadeepComplex16,TyagiDairyRoadNearIncomeTaxOfficeRoorkee247667ROURKELA 1stFloorMangalBhawanPhaseIIPowerHouseRoadRourkela769001ROURKELA 1stFloorSandhuComplexKacheryRoadUditnagarRourekla769012SAGAR IIFloor,AboveShivaKanchMandir5CivilLinesSagar470002SAHARANPUR IFloorKrishnaComplexOpp.HathiGateCourtRoadSaharanpur247001SALEM No.2IFloorVivekanandaStreetNewFairlandsSalem636016SALEM No:40BrindavanRoadFairlandsNearPerumalKoilSalem636016SAMBALPUR Opp.TownHighSchoolSansarakSambalpur768001SAMBALPUR KoshalBuilderComplexNearGoalBazaarPetrolPumpNayaparaSambalpur768001SANGLI JiveshwarKrupaBldgShop.No.2GroundFloorTilakChowkHarbhatRoadSangli416416SATARA 117/A/3/22ShukrawarPethSargamApartmentSatara415002SATNA JainamMarketPuranaPowerHouseChaurahaPanniLalChowkSatna485001SECUNDERABAD 208IIFloorJadeArcadeParadiseCircleSecunderabad500003SHAKTINAGAR 1st/A-375VVColonyDistSonebhadraShaktinagar231222SHILLONG AnnexMani

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

BhawanLowerThanaRoadNearRKMLPSchoolShillong793001SHIMLA 1stFloorOppPanchayatBhawanMainGateBusStandShimla171001SHIMLA 1stFloor,HillsViewComplexNearTaraHallShimla171001SHIMOGA NearGuttiNursingHomeKuvempuRoadShimoga577201SHIMOGA SriMatraNaikaComplex1stFloorAboveShimogaDiagnosticCentreLLRRoadDurgigudiShimoga577201SHIVPURI NearHotelVanasthaliInFrontofSawarkarParkA.B.RoadShivpuri473551SIKAR FirstFloorSuperTowerBehindRamMandirNearTaparyaBagichiSikar332001SILCHAR N.N.DuttaRoadChowchakraComplexPremtalaSilchar788001SILIGURI 17BSwamijiSaraniSiliguri734001SITAPUR 12/12-ASuraComplexAryaNagarOppMalGodamSitapur261001SIVAKASI 363ThiruthangalRoadOpp:TNEBSivakasi626123SOLAN DishaComplex,1StFloorAboveAxisBankRajgarhRoadSolan173212SOLAPUR FlatNo1091stFloorAWingKalyaniTower,NearPangalHighSchool126SiddheshwarPethSolapur413001SOLAPUR BlockNo06VamanNagarOppD-MartJuleSolapurSolapur413004SONEPAT 2ndfloor,DPTowerModelTown,NearSubhashChowkSonepat131001SRI GANGANAGAR 18LBlockSriGanganagar335001SRI GANGANAGAR ShopNo.5,OppositeBihaniPetrolPumpNearBabaRamdevMandir,NH-15SriGanganagar335001SRIKAKULAM DNo4-4-97,FirstFloorBehindSriVijayaganapathiTemplePeddarelliveedhi,PalakondaRoadSrikakulam532001SULTANPUR 1stFloor,RamashankerMarketCivilLineSultanpur228001SURAT ShopNo-G-5,InternationalCommerceCenter,Nr.KadiwalaSchoolMajuraGate,RingRoadSurat395002SURAT G-5EmpireStateBulidingNrUdhnaDarwajaRingRoadSurat395002THANE 102,DevCorpora,'A'wing,IstFloorEasternExpressHighwayCadburyJunctionThane(West)400601THANE RoomNo.302,3rdFloorGangaPrasad,NearRBLBankLtdRamMarutiCrossRoad,NaupadaThane400602THIRUVALLA 1 s tFloor,RoomNo-61(63),InternationalShoppingMallOpp.St.ThomasEvangelicalChurchAboveThomsonBakery,ManjadyThiruvalla689105THIRUVALLA 2ndFloorErinjeryComplex Ramanchira Opp Ax i s B ank Thiruvalla689107THRISSUR RoomNo26&27DeePeePlazaKokkalai Thrissur680001THRISSUR 4thFloor,CrownTowerShakthanNagarOpp:HeadPostOfficeThrissur680001TIRUNELVELI 1stFloorManoPremaComplex182/6S.NHighRoadTirunelveli627001TIRUNELVELI 55/18JeneyBuildingSNRoadNearAravindEyeHospitalTirunelveli627001TIRUPATHI ShopNo:6DoorNo:19-10-8(OppToPassportOffice)AirBypassRoadTirupathi517501TIRUPATHI H.No:10-13-4251stFloorTilakRoadOpp:SrideviComplexTirupathi517501TIRUPUR 1(1)BinnyCompound2ndStreetKumaranRoadTirupur641601TRICHY No8IFloor8thCrossWestExtn.ThillainagarTrichy620018TRICHY No23C/1EVRroadNearVekkaliammanKalyanaMandapamPutthurTrichy620017TRIVANDRUM RSComplexOppositeofLICBuildingsPattomPOTrivandrum695004TRIVANDRUM 2ndFloorAkshayaTowerSasthamangalamTrivandrum695010TUTICORIN 4BA34A37MangalmalManiNagar,Opp.RajajiParkPalayamkottaiRoadTuticorin628003UDAIPUR ShreeKalyanam,50,TagoreNagarSector–4,HiranmagriUdaipur313001UDAIPUR 201-202MadhavChambersOppGPOChetakCircleUdaipur313001UJJAIN 101AashtaTower13/1DhanwantriMargFreeganjUjjain456010VADODARA 103AriesComplexBPCRoadOffR.C.DuttRoadAlkapuriVadodara390007VADODARA 203,CornerpointJetalpurRoadBaroda390007GujaratVALSAD GitaNivas3rdFloorOpp.HeadPostOfficeHalarCrossLane Valsad 396001 VALSAD 406DreamlandArcadeOppJadeBlueTithalRoadValsad396001VAPI 2082ndFloorHeenaArcadeOpp.TirupatiTowerNearG.I.D.C.CharRastaVapi396195VAPI A-8,FirstFloor,SolitaireBusinessCentreOPPDCBBANK,GIDCCHARRASTASILVASSAROADVapi396191VARANASI OfficeNo1SecondFloor,BhawaniMarketBuildingNo.D58/2A1RathyatraBesideKuberComplexVaranasi221010VARANASI D-64/1321stFloor,KAMauzaSettlementPlotNo478,Pargana:DehatAmanatMohallaSigraVaranasi221010VASHI AWing,ShopNo205.1stFloorVashiPlazaSector-17VashiNaviMumbai400073VELLORE AKTComplex2ndFloorNo1,3NewSankaranpalayamRoadTolgateVellore632001VELLORE No.6,NEXUSTowers,2ndFloor,Officer’sLineAbovePeterEngland&BataShowroomopp.ToVoorheesSchoolVellore632001VIJAYAWADA 40-1-68Rao&RatnamComplexNearChennupatiPetrolPumpM.GRoadLabbipetVijayawada520010VIJAYAWADA 39-10-7Opp:MunicipalWaterTankLabbipetVijayawada520010VISAKHAPATNAM 47/9/171stFloor3rdLaneDwarakaNagarVisakhapatnam530016VISAKHAPATNAM 48-10-40,GroundFloorSuryaRatnaArcade,SrinagarBesideTajHotelLodgeVisakhapatnam530016WARANGAL A.B.KMallNearOldBusDepotRoadF-7IstFloorRamnagar,HanamkondaWarangal506001WARANGAL 5-6-951StFloorOpp:B.EdCollage,LashkarBazarChandraComplex,HanmakondaWarangal506001YAMUNA NAGAR 124B/RModelTownYamunaNagar135001YAMUNA NAGAR B-V,185/A,2ndFloor,JagdhariRoadNearDAVGirlsCollege,(UCOBankBuilding)PyaraChowkYamunaNagar135001

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

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