DSP BlackRock Fixed Income Products

June 29, 2018

Contents

 Why Fixed Income Mutual Funds?

 Fixed Income Products

 Investment Team & Process

2
Why Fixed Income Mutual Funds?
Why Fixed Income Mutual Funds (MFs) ?

Aims to provide stable accrual with lower volatility

Ideal for investors seeking to park their surplus funds lying idle

Reduced portfolio risk with high rated, low duration funds

Capital gains in case of interest rate decline: inverse relation between

interest rates and bond prices
Investors can avail indexation benefits while calculating long term
capital gains tax for investments held for over 3 year

Fixed Income Mutual Funds to cater to varied investment horizon needs

Up to 3 months 3 months - 1 Year 1 Year - 3 Years 3 Years & above

• Liquid Funds • Ultra Short Duration, • Short Duration • Medium Duration,
Low Duration Funds Funds, FMPs Credit, Dynamic,
GILT, FMPs

Investment in mutual funds carries high risk as compared to the traditional saving instruments & any investment decision needs to be taken only after consulting the Tax Consultant or Financial Advisor.

4
Fixed Income Products
 Fixed Income Strategies Positioning

AAA or
AUM* G-Sec Equiv. AA+ AA AA- to A-

10Y G-Sec~ 6 7 24 100% 100%

Government Securities 10 210 100%

10 >80% <20%
DSP BlackRock Funds

50% –
Strategic Bond 6.5 1,264 >80% <20%
75%
<25% A+
Credit Risk# 6,982 NIL <35% <65% <15% A
<5% A-

Bond 741 NIL >20% <40% <40%

Banking & PSU Debt 1,438 <20% 100%

Short Term 3,613 <20% >80% <20% <10%

<15% AA-
Savings* 118 NIL >65% <35% <25%
<5% A+

Low Duration^ 4,789 NIL >80% <20% <10%

<10% AA-
Money Manager 4,169 NIL >80% <20% <15%
<5% A+

0.25 T-Bills
Liquidity 17,272
<20%
100%

0 1 2 3 4 5 10 *As on June 29, 2018

Typical range of MD MD as on June 29, 2018 Macaulay Duration (MD)
The above strategy has been currently followed by the Schemes and the same may change in future depending on market conditions and other factors. | *erstwhile DSP BlackRock Treasury Bill
Fund | ^erstwhile DSP BlackRock Ultra Short Term Fund | #erstwhile DSP BlackRock Income Opportunities Fund | ~erstwhile DSP BlackRock Constant Maturity 10Y G-Sec Fund

6
Fixed Income Investment Strategies – across duration spectrum

DSP DSP DSP DSP

DSP DSP DSP DSP DSP
BlackRock BlackRock BlackRock DSP BlackRock
BlackRock BlackRock BlackRock BlackRock BlackRock
Money Low Banking & BlackRock Government
Liquidity Savings Short Term Credit Risk Strategic
Manager Duration PSU Debt Bond Fund Securities
Fund Fund* Fund Fund# Bond Fund
Fund Fund^ Fund Fund

Medium
Ultra Short Short duration
Cash fund Short duration duration high Active
Duration with with 100% Short duration Dynamic
with with very high credit quality duration
Product Money Market Enhanced very high AAA portfolio with credit risk duration (only
underlying credit quality (100% in AA management
Attributes Fund cash fund credit quality (Banks and (max 35% in sovereign
securities <91 (min 80% and better across credit
(min 80% state owned AAA) securities)
days AAA) rated and sovereign
AAA) companies)
securities)

Expected
Dynamically Typically
Duration <0.25 <1 0.25 – 0.5 0.5 – 1 1.5 – 2.5 1.5 – 2.5 2.0 – 3.0 2.5 – 3.5
managed long-term
(years)
50% of 50% of
CRISIL Short CRISIL Short
Term Bond Term Bond
CRISIL CRISIL CRISIL
CRISIL CRISIL Fund Index + Fund Index + ICICI
CRISIL Liquid CRISIL Liquid Short Term Short Term Composite
Benchmark Liquid Fund Liquid Fund 50% of 50% of Securities Li-
Fund Index Fund Index Bond Fund Bond Fund Bond Fund
Index Index CRISIL CRISIL Bex
Index Index Index
Composite Composite
Bond Fund Bond Fund
Index Index
AUM as at
17,272 118 4,169 4,789 1,438 3,613 6,982 741 1,264 210
Jun-18

Inception Date 11-Mar-98 30-Sep-99 31-Jul-06 10-Mar-15 14-Sep-13 09-Sep-02 13-May-03 29-Apr-97 09-May-07 30-Sep-99

*erstwhile known as DSP BlackRock Treasury Bill Fund | ^erstwhile known as DSP BlackRock Ultra Short Term Fund | #erstwhile known as DSP BlackRock Income Opportunities Fund

FOR INTENDED RECIPIENTS ONLY 7

DSP BlackRock Liquidity Fund

Fund Managers Kedar Karnik, Rahul Vekaria Assets 17,272 crore

Portfolio YTM 7.67% Macaulay Duration 0.16

Exit Load NIL MD Band 0 – 0.25

Fund Positioning Suitable for investing surplus cash over short-term (minimum 1 day)

Credit Quality Asset Allocation

-22.4% -16.6%
CP
0.1% 4.5%
A1+
4.4%
CD
SOV 11.3%
17.1% AAA T-Bills
AA+
Cash 16.8% 84.0% NCD
100.8%
Cash & Equivalent

Portfolio YTM and Modified Duration Top 5 Holdings % exposure

0.20 8.2% NABARD 8.7%

0.15 7.7% IDFC Bank 7.9%

0.10 7.2% Housing Development Finance Corporation 6.6%

0.05 6.7% 70 Day Cash Management Bill 21082018 5.8%

0.00 6.2% Vijaya Bank 4.0%

Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18
Modified Duration (in years) YTM (RHS)
Source: Internal | Data as of June 29, 2018. | Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. | The sector(s)
/stock(s)/issuer(s) mentioned in this document do not constitute any recommendation/opinion of the same and the Underlying Fund may or may not have any future position in these
sector(s)/stock(s)/issuer(s)

8
DSP BlackRock Money Manager Fund

Fund Managers Kedar Karnik, Rahul Vekaria Assets 4,169 crore

Portfolio YTM 7.73% Macaulay Duration 0.36

Exit Load NIL MD Band 0.25 – 0.5

Fund Positioning Suitable for investing surplus cash over short-term, alternative to on-demand deposits

Credit Quality Asset Allocation

5.7% 1.7% 1.2% 1.7% 0.4%
A1+ 5.7% CP
6.4%
AAA NCD
20.2%
AA+ CD
44.7%
20.2% Cash & Equivalent
Cash

SOV Gsec
64.9%
AA- PTC
27.4%

Portfolio YTM and Modified Duration Top 5 Holdings % exposure

0.50 8.0% IndusInd Bank 6.5%

0.40 7.7%
Tata Steel 5.9%
0.30 7.4%
Cash & Cash Equivalents 5.7%
0.20 7.1%
NABARD 5.6%
0.10 6.8%

0.00 6.5% Rural Electrification Corporation 5.4%

Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18
Modified Duration (in years) YTM (RHS)
Source: Internal | Data as of June 29, 2018. | Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. | The sector(s)
/stock(s)/issuer(s) mentioned in this document do not constitute any recommendation/opinion of the same and the Underlying Fund may or may not have any future position in these
sector(s)/stock(s)/issuer(s)

9
DSP BlackRock Low Duration Fund

Fund Managers Kedar Karnik, Rahul Vekaria Assets 4,789 crore

Portfolio YTM 8.01% Modified Duration 0.64

Exit Load NIL MD Band 0.5 – 1

Fund Positioning Potential to earn higher than liquid funds, suitable for an investment horizon of at least 6 months

Credit Quality Portfolio YTM and Modified Duration

1.1% A1+
15.9%
AAA 1.0 8.3%

8.0%
AA+ 0.8

21.7% 61.3% 7.7%

Cash 0.6
7.4%
0.4
7.1%
Top 5 Holdings % exposure 0.2
6.8%
Axis Bank 6.7%
0.0 6.5%
Power Finance Corporation 6.2% Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18

Housing Development Finance Corporation 6.2%

Modified Duration (in years) YTM (RHS)
Export-Import Bank of India 6.0%

Small Industries Development Bank of India 5.9%

Source: Internal | Data as of June 29, 2018. | Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. | The sector(s)
/stock(s)/issuer(s) mentioned in this document do not constitute any recommendation/opinion of the same and the Underlying Fund may or may not have any future position in these
sector(s)/stock(s)/issuer(s)

10
DSP BlackRock Short Term Fund

Fund Managers Laukik Bagwe, Saurabh Bhatia Assets 3,613 crore

Portfolio YTM 8.48% Macaulay Duration 1.64

Exit Load NIL MD Band 1.5 – 2.5

Fund Positioning Suitable for investment horizon of at least 1 year, alternative to traditional term deposits

Credit Quality Portfolio YTM and Modified Duration

4.6% AAA
6.2%
AA+ 3 8.6%
6.7%
SOV
13.3% 8.2%
A1+ 2

69.3% Cash 7.8%

1
7.4%
Top 5 Holdings % exposure

Power Finance Corporation 8.5%

0 7.0%
Housing Development Finance Corporation 8.1% Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18

6.84% GOI 19122022 6.7% Modified Duration (in years) YTM (RHS)
Rural Electrification Corporation 6.6%

Housing & Urban Development Corporation 5.6%

Source: Internal | Data as of June 29, 2018. | Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. | The sector(s)
/stock(s)/issuer(s) mentioned in this document do not constitute any recommendation/opinion of the same and the Underlying Fund may or may not have any future position in these
sector(s)/stock(s)/issuer(s)

11
DSP BlackRock Banking & PSU Debt Fund

Fund Managers Vikram Chopra, Saurabh Bhatia Assets 1,438 crore

Portfolio YTM 8.13% Macaulay Duration 1.67

Exit Load NIL MD Band 1.5 – 2.5

Fund Positioning Suitable for investor seeking a short duration (~2 years), 100% AAA portfolio invested in bank and state owned companies

Credit Quality Portfolio YTM and Modified Duration

5.8% -1.7% AAA

6.7% 5 8.2%
A1+
16.5% SOV 4 8.0%

Cash 3 7.8%
72.6% IRF
2 7.6%

Top 5 Holdings % exposure 1 7.4%

Rural Electrification Corporation 9.8%
0 7.2%
NABARD 9.7% Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18

Power Grid Corporation Of India 7.7%

Modified Duration (in years) YTM (RHS)
6.84% GOI 19122022 6.7%

HDFC Bank 6.6%

Source: Internal | Data as of June 29, 2018. | Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. | The sector(s)
/stock(s)/issuer(s) mentioned in this document do not constitute any recommendation/opinion of the same and the Underlying Fund may or may not have any future position in these
sector(s)/stock(s)/issuer(s)

12
DSP BlackRock Bond Fund

Fund Managers Pankaj Sharma, Saurabh Bhatia Assets 741 crore

Portfolio YTM 8.97% Macaulay Duration 2.60

Exit Load <=6 months: 0.25%; >6 months: Nil MD Band 2.5 – 3.5

Suitable for investor seeking medium duration (~3 yrs), high credit quality (100% in AA or better) portfolio; alternative to
Fund Positioning
traditional >=3 yr term deposits

Credit Quality Portfolio YTM and Modified Duration

3.1% 3.0% 0.1%

AAA

AA+ 4.0 9.2%

A1+ 9.0%
48.1%
3.0
45.7% Cash
8.8%

8.6%
AA 2.0
8.4%

8.2%
1.0
Top 5 Holdings % exposure
8.0%
Bharti Airtel 6.7%
0.0 7.8%
Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18
Power Finance Corporation 6.7%

State Bank Of India 6.6% Modified Duration (in years) YTM (RHS)

Export-Import Bank Of India 6.4%

Adani Transmission 6.0%

Source: Internal | Data as of June 29, 2018. | Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. | The sector(s)
/stock(s)/issuer(s) mentioned in this document do not constitute any recommendation/opinion of the same and the Underlying Fund may or may not have any future position in these
sector(s)/stock(s)/issuer(s)

13
DSP BlackRock Credit Risk Fund

Fund Managers Pankaj Sharma, Laukik Bagwe Assets 6,982 crore

Portfolio YTM 9.78% Macaulay Duration 1.94

Exit Load <=12 months: 1%~; >12 months: Nil MD Band 2.0 – 3.0

Suitable for investors seeking credit exposure, potential to earn higher, tax-efficient returns than traditional time deposit of >=3
Fund Positioning
years

Credit Quality Portfolio YTM and Modified Duration

1.6% 1.0% AA
8.5% AAA
A+ 3 9.8%
9.4% 35.1%
A-
9.6% AA-
AA+ 2 9.4%
A1+
11.0% Cash
23.7%
1 9.0%

Top 5 Holdings % exposure

Vedanta Ltd 7.0% 0 8.6%

Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18
PNB Housing Finance 5.0%

Nirma Ltd 3.6% Modified Duration (in years) YTM (RHS)

Tata Power Company 3.6%

KKR India Financial Services Private 3.4%

~If the units redeemed or switched out are up to 10% of the units purchase or switched: NIL. | Source: Internal | Data as of June 29, 2018. | Past performance may or may not be sustained in future and

should not be used as a basis for comparison with other investments. | The sector(s) /stock(s)/issuer(s) mentioned in this document do not constitute any recommendation/opinion of the same and the
Underlying Fund may or may not have any future position in these sector(s)/stock(s)/issuer(s)

14
DSP BlackRock Strategic Bond Fund

Fund Managers Vikram Chopra, Saurabh Bhatia Assets 1,264 crore

Portfolio YTM 7.44% Macaulay Duration 2.37

Exit Load NIL MD Band 3.5 – 6.5

Suitable for investor seeking strategic fixed income allocation for investment horizon of >5 years; invests in sovereign and
Fund Positioning
corporate debt

Credit Quality Portfolio YTM and Modified Duration

0.2%
SOV
21.2%
Cash 6 7.8%

50.8% A1+
4 7.6%
AA+
27.8%

2 7.4%
Top 5 Holdings % exposure

Cash & Cash Equivalents 27.8%

0 7.2%
6.84% GOI 19122022 14.8% Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18
8.20% GOI 15022022 8.2%
Modified Duration (in years) YTM (RHS)
7.94% GOI 24052021 8.0%

7.59% GOI 11012026 8.0%

Source: Internal | Data as of June 29, 2018. | Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. | The sector(s)
/stock(s)/issuer(s) mentioned in this document do not constitute any recommendation/opinion of the same and the Underlying Fund may or may not have any future position in these
sector(s)/stock(s)/issuer(s)

15
DSP BlackRock Government Securities Fund

Fund Managers Vikram Chopra, Saurabh Bhatia Assets 210 crore

Portfolio YTM 7.34% Macaulay Duration 4.10

Exit Load NIL MD Band 5 – 10

Suitable for investor seeking high quality strategic fixed income allocation for investment horizon of >5 years; invests in
Fund Positioning
sovereign debt only

Credit Quality Portfolio YTM and Modified Duration

SOV
36.9% 8 8.0%

63.1%
Cash 6 7.6%

4 7.2%
Top 5 Holdings % exposure

Cash & Cash Equivalents 36.9% 2 6.8%

7.17% GOI 08012028 22.8%

0 6.4%
6.68% GOI 17092031 19.5% Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18

6.84% GOI 19122022 16.0%

Modified Duration (in years) YTM (RHS)
7.59% GOI 11012026 4.8%

Source: Internal | Data as of June 29, 2018. | Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. | The sector(s)
/stock(s)/issuer(s) mentioned in this document do not constitute any recommendation/opinion of the same and the Underlying Fund may or may not have any future position in these
sector(s)/stock(s)/issuer(s)

16
DSP BlackRock Savings Fund

Fund Managers Rahul Vekaria, Kedar Karnik Assets 118 crore

Portfolio YTM 7.93% Macaulay Duration 0.62

Exit Load Nil MD Band 0–1

Fund Positioning Money Market Fund investing in a 1 Year portfolio in March offering risk reduction with time (run-down strategy)

Credit Quality Top 5 Holdings % exposure

9.8%
Cash & Cash Equivalents 9.8%

HDFC Bank 7.2%

A1+
IIFL Wealth Finance 7.0%

Gruh Finance 6.4%

Cash
Indostar Capital Finance 6.0%
90.2%

Portfolio YTM and Modified Duration Maturity Distribution

1.00 8.5% 100% 90%

8.0% 80%
0.75
7.5%
0.50 60%
7.0%
0.25 40%
6.5%
20% 9.8%
0.00 6.0%
Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18
0%
Modified Duration (in years) YTM (RHS) 0-1M 6-9M
Source: Internal | Data as of June 29, 2018. | Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. | The sector(s)
/stock(s)/issuer(s) mentioned in this document do not constitute any recommendation/opinion of the same and the Underlying Fund may or may not have any future position in these
sector(s)/stock(s)/issuer(s)

17
DSP BlackRock 10Y G-Sec Fund

Fund Managers Vikram Chopra, Vivek Ved Assets 24 crore

Portfolio YTM 7.84% Macaulay Duration 6.50

Exit Load Nil MD Band 6–7

Fund Positioning Suitable for investors who seek exposure to 8-12 year part of the G-sec yield curve

Credit Quality Portfolio YTM and Modified Duration

3.7%

8.00 8.00%

SOV Cash
6.00 7.60%

96.3%
4.00 7.20%

2.00 6.80%

Holdings % exposure
0.00 6.40%
Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18
7.17% GOI 08012028 96.3%

Cash & Cash Equivalents 3.7% Modified Duration (in years) YTM (RHS)

Source: Internal | Data as of June 29, 2018. | Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. | The sector(s)
/stock(s)/issuer(s) mentioned in this document do not constitute any recommendation/opinion of the same and the Underlying Fund may or may not have any future position in these
sector(s)/stock(s)/issuer(s)

18
Investment Team & Process
Fixed Income Investment Team

Portfolio Management & Credit Risk

Pankaj Sharma (25)

Chief Investment Officer - Fixed Income

Portfolio Managers/Research Analysts/Dealers

Laukik Bagwe Kedar Karnik Vikram Chopra Saurabh Bhatia

(18) (13) (17) (17)
Vice President Vice President Vice President Vice President
Fund Manager Fund Manager Fund Manager Fund Manager

Soumyo Roy Rahul Vekaria Vivek Ved Karan Mundra

(9) (8) (21) (6)
Vice President Assistant Vice Assistant Vice Assistant Vice
Senior Credit President President President
Analyst Fund Manager Fund Manager Dealer

Shalini Vasanta Chirag Sureka

(6) (2)
Manager Assistant Manager
Credit Analyst Credit Analyst

Years in brackets ( ) is years of investment or investment-related experience

20
Fixed Income Investment Process

Market Investment Portfolio Portfolio

Analysis Parameters Management Monitoring

Macroeconomic
Trends
Interest Rate DV01/
Risk Duration
Reserve Bank of Investment
India Policy Guidelines
Cash Flow Rating
Risk Exposure
Current Interest Liquidity
Rate Environment Requirements Portfolio
Implementation Issuer
Credit
Rating Agency Risk Exposure
Interest Rate
Outlook Requirements
(If Applicable) Sector
Liquidity
Exposure
Risk
Credit Trends
Liquidity
Buckets

RQA# Driven

21
Credit Risk Management Process

Internal Credit Views from

Company Rating Equity Ongoing
Analysis Agencies Perspective Monitoring

Ownership Periodic
Profile and financial
Shareholding updates
Credit Rating Views from
Assigned DSPBRIM* Equity Regular
Management Investment team contact with
Quality Proposal evaluated
Review of management
and
Rating Rationale limits assigned for Event
Balance Sheet Views from amount and tenure
Specific
Strength Sell Side Equity Analysis
Call/Meeting with
Analysts
Rating Analyst
Annual
Operating
Review
Strength

Tracking
Call/Meeting
Mutual Fund
with
Industry
Management
Exposure

*DSPBRIM – DSP BlackRock Investment Managers Pvt. Ltd.

22
Annexures
Interest Rates on Small Savings Schemes*

Rates remain unchanged for the March - June & July - September quarter

Rate of Interest (in %) Compounding

Instrument October - December 2017 January to March 2018 Frequency
Savings Deposit 4 4 Annually

1 year Time Deposit 6.8 6.6 Quarterly

2 year Time Deposit 6.9 6.7 Quarterly

3 year Time Deposit 7.1 6.9 Quarterly

5 year Time Deposit 7.6 7.4 Quarterly

5 year Recurring Deposit 7.1 6.9 Quarterly

5 year Senior Citizen Savings Scheme 8.3 8.3 Quarterly (and Paid)

5 year Monthly Income Scheme 7.5 7.3 Monthly (and Paid)

5 year National Savings Certificate 7.8 7.6 Annually

Public Provident Fund 7.8 7.6 Annually

Kisan Vikas Patra 7.5 (matures in 115 months) 7.3 (mature in 118 months) Annually

Sukanya Samriddhi Account Scheme 8.3 8.1 Annually

Source: Ministry of Finance

*The comparison with Fixed Deposits/PPF/NSC/Kisan Vikas Patra (KVP) (and other traditional saving instruments) has been given for the purpose of the general information only. Investments in
mutual funds should not be construed as a promise, guarantee on or a forecast of any minimum returns. Unlike traditional saving instruments there is no capital protection guarantee or assurance
of any return in mutual fund investment. Traditional savings instruments are comparatively low risk products and are backed by the Government (except 5- year recurring deposits). Investment in
mutual funds carries high risk as compared to the traditional saving instruments and any investment decision needs to be taken only after consulting the Tax Consultant or Financial Advisor.

24
Product labeling details

Scheme Type of Scheme & Product Suitability Riskometer

An open ended liquid scheme

DSP BlackRock Liquidity The Scheme is suitable for investors who are seeking*
Fund Income over a short-term investment horizon
Investment in money market and debt securities, with maturity not exceeding 91 days

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. 19 under the
DSP BlackRock Money section “Where will the Scheme invest?” in the SID for details on Macaulay’s Duration)
Manager Fund The Scheme is suitable for investors who are seeking*
Income over a short-term investment horizon
Investment in money market and debt securities

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
DSP BlackRock Low the section “Where will the Scheme invest?” in the SID for details on Macaulay’s Duration)
Duration Fund The Scheme is suitable for investors who are seeking*
Income over a short-term investment horizon
Investment in money market and debt securities

An open ended debt scheme investing in money market instruments

DSP BlackRock Savings The Scheme is suitable for investors who are seeking*
Fund Income over a short-term investment horizon
Investment in money market instruments with maturity less than or equal to 1 year

An open ended debt scheme predominantly investing in Debt instruments of banks, Public Sector
Undertakings, Public Financial Institutions and Municipal Bonds.
DSP BlackRock Banking The Scheme is suitable for investors who are seeking*
& PSU Debt Fund Income over a short-term investment horizon
Investment in money market and debt securities issued by banks and public sector undertakings, public
financial institutions and Municipal Bonds
*Investors should consult their financial advisors if in doubt about whether the scheme is suitable for them.

25
Product labeling details

Scheme Type of Scheme & Product Suitability Riskometer

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
DSP BlackRock Short section “Where will the Scheme invest?” in the SID for details on Macaulay’s Duration)
Term Fund The Scheme is suitable for investors who are seeking*
Income over a medium-term investment horizon
Investment in money market and debt securities

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. 32 under the
DSP BlackRock Bond section “Where will the Scheme invest” in the SID for details on Macaulay’s Duration)
Fund The Scheme is suitable for investors who are seeking*
Income over a medium-term investment horizon
Investment in money market and debt securities

An open ended dynamic debt scheme investing across duration

DSP BlackRock Strategic The Scheme is suitable for investors who are seeking*
Bond Fund Income over a medium to long term investment horizon
Investment in actively managed portfolio of money market and debt securities

An open ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding
AA+ rated corporate bonds).
DSP BlackRock Credit
The Scheme is suitable for investors who are seeking*
Risk Fund Income over a medium to long term investment horizon
Investment predominantly in corporate bonds which are AA and below rated instruments

An open ended debt scheme investing in government securities across maturity

DSP BlackRock
The Scheme is suitable for investors who are seeking*
Government Securities
Income over a long-term investment horizon
Fund Investment in Central government securities

An open ended debt scheme investing in government securities having a constant maturity of 10 years
DSP BlackRock 10Y G- The Scheme is suitable for investors who are seeking*
Sec Fund Income over a long-term investment horizon
Investment in Government Securities with weighted average maturity of around 10 years

*Investors should consult their financial advisors if in doubt about whether the scheme is suitable for them
26
Disclaimers

In this material DSP BlackRock Investment Managers Pvt. Ltd. (the AMC) has used information that is publicly available, including information developed in-house. Information gathered
and used in this material is believed to be from reliable sources. The AMC however does not warrant the accuracy, reasonableness and / or completeness of any information. The
data/statistics are given to explain general market trends in the securities market, it should not be construed as any research report/research recommendation. We have included
statements / opinions / recommendations in this document, which contain words, or phrases such as “will”, “expect”, “should”, “believe” and similar expressions or variations of such
expressions that are “forward looking statements”. Actual results may differ materially from those suggested by the forward looking statements due to risk or uncertainties associated with
our expectations with respect to, but not limited to, exposure to market risks, general economic and political conditions in India and other countries globally, which have an impact on our
services and / or investments, the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates
or prices etc. The sector(s)/stock(s)/issuer(s) mentioned in this presentation do not constitute any research report/recommendation of the same and the Fund may or may not
have any future position in these sector(s)/stock(s)/issuer(s). The presentation indicates the strategy/investment approach currently followed by the Schemes and the same
may change in future depending on market conditions and other factors. The portfolio of the scheme is subject to changes within the provisions of the Scheme Information
document of the scheme. Please refer to the SID for investment pattern, strategy and risk factors. Past performance may or may not be sustained in the future and should not be
used as a basis for comparison with other investments. All figures and other data given in this document are as on June 29, 2018 (unless otherwise specified) and the same may or
may not be relevant in future and the same should not be considered as solicitation/ recommendation/guarantee of future investments by DSP BlackRock Investment Managers Pvt. Ltd.
or its affiliates. Investors are advised to consult their own legal, tax and financial advisors to determine possible tax, legal and other financial implication or consequence of subscribing to
the units of DSP BlackRock Mutual Fund. For scheme specific risk factors and more details, please read the Scheme Information Document, Statement of Additional
Information and Key Information Memorandum of respective Scheme available on ISC of AMC and also available on www.dspblackrock.com.

For risk factors and product labelling details of the Underlying Schemes, investors are requested to read the respective SIDs of the Underlying Schemes.

Neither the Fund nor any of its schemes are registered in any jurisdiction except with SEBI (in line with SEBI (Mutual Fund) Regulations, 1996).The distribution of this material in certain
jurisdiction may be restricted or subject to registration requirements and, accordingly, persons who come in to possession of this material in such jurisdictions are required to inform
themselves about, and to observe, any such restrictions.

© CRISIL Limited 2016. All Rights Reserved

Each 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.

The DSP Group currently holds a controlling stake in DSP BlackRock Investment Managers Pvt. Ltd. (AMC) with 60% shareholding interest and in DSP BlackRock Trustee Company Pvt.
Ltd. (Trustee Company) with 51% shareholding interest. On May 7, 2018, a Share Purchase Agreement (SPA) has been executed between DSP Group and BlackRock by virtue of which
DSP Group has, subject to all regulatory approvals, agreed to purchase the entire 40% stake in the AMC and entire 49% stake in the Trustee Company. For further details click here.

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

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