KIM+%26+Application+Form+ +DSP+BlackRock+Dual+Advantage+Fund+ +Series+5+ +36M

7/29/2019 KIM+%26+Application+Form+ +DSP+BlackRock+Dual+Advantage+Fund+ +Series+5+ +36M

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DSP BLACKROCK DUAL ADVANTAGE FUND Ser ies 1 to 10

Close Ended Income Schemes

KEY INFORMATION MEMORANDUM CUM APPLICATION FORMInvestment Manager: DSP BlackRock Investment Managers Pvt. Ltd.

New Fund Offer Pri ce: Rs. 10/ - per Unit

New Fund Offer:

DSP BlackRock Dual Advantage Fund Series 5 - 36MOpens: July 02, 2012Closes: July 16, 2012

This Key Information Memorandum (KIM) sets forth the information, which a prospect ive investor ought to knowbefor e invest ing. For fur the r det ai ls of t he Schemes/ Mutual Fund, due di l igence cert i f icate by t he AMC, KeyPersonnel, investors r ights & services, r isk factors, penalt ies & pending l i t igat ions etc. investors should, beforeinvestment, refer to the Scheme information Document (SID) of the Schemes and the Statement of Addit ionalInformation (SAI) avai lable free of cost at any of the Investor Service Centres or distr ibutors or from the website,www.dspblackrock.com.

The Scheme par t i culars have been prepared in accordance w it h t he Securi t ies and Exchange Board of India (MutualFunds) Regulat ions 1996, as amended t i l l date, and f i led with the Securi t ies and Exchange Board of India (SEBI).

The Units being offered for publ ic subscript ion have not been approved or disapproved by SEBI, nor has SEBIcert i f ied the accuracy or adequacy of this KIM.

It is to be dist inct ly understood t hat t he perm ission given by Bombay Stock Exchange Ltd. should not in any way bedeemed or construed t hat t he SID has been cleared or approved by Bombay Stock Exchange Ltd. nor does i t cert i fyth e correct ness or compl et eness of any of t he cont ents of t he SID, The investor s are advised to ref er t o th e SID forth e ful l t ext of the Disclaimer cl ause of t he Bombay Stock Exchange Ltd.

Investment Objective The pr imary investment object ive of the Schemes is to generate returns andseek capi ta l appreciat ion by invest ing in a por t fo l io of debt and money marketsecuri t ies. The scheme also seeks to invest a port ion of the port fol io in equity &equity related securi t ies to achieve capital appreciat ion. As far as investmentsin debt and money market securi t ies are concerned, the Schemes wi l l investonly in secur i t ies which mature on or before the date of matur i ty of theSchemes. There is no assurance that the investment objective of the

Schemes wil l be realized.


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Asset Allocation Pattern (1) Schemes with Tenure of 12 monthsTypes of Instr ument s Normal Al locat ion

(% of Net Asset s)

*Debt & #money market securi t ies 90% to 100%

Equit y & equit y relat ed 0% t o 10%

(2) Schemes with Tenure greater than 12 months and less than or equal to 24months

Types of Instr ument s Normal Al locat ion(% of Net Asset s)

*Debt securit ies 50% t o 100%

Money Market Secur it ies 0% t o 30%


(3) Schemes with Tenure greater than 24 months and less than or equal to36 months

Types of Inst rument s Normal Allocation(% of Net Assets)

*Debt securit ies 50%t o 100%

Money Market Securit ies 0%t o 25%

Equity & equity related 0%t o 25%

(4) Schemes with Tenure greater than 36 monthsTypes of Instr ument s Normal Al locat ion

(% of Net Asset s)

*Debt securit ies 50% t o 100%

Money Market Secur it ies 0% t o 15%


*Debt Securi t ies may include securi t ized debt instrume nts upto 50% of t he netassets

#The al locat ion t o money market securi t ies/ instrume nts can go upt o 100% of t henet assets in si tuat ions when the Investment Manager is not able to source therequired debt securi t ies. This increased al locat ion wi l l purely in defensiveconsiderat ions and wi l l be in t he best interest of the Uni t holders.

Intended Portfolio Allocationfor DSPBRDAF S5 36M^ ^ Credit rat ing (%)

AA*

Credit rating notApplicable (%)

Non Conver t ibl eDebentures/Bonds

75-80

Equity and equity relatedsecurities 20-25

Cash & Cash Equi valent(CBLO/REPO/CROM) 0- 5

* for long term debt inst ruments

^^At the t ime of deployment the Scheme wi l l seek to invest into rated AA- orbetter f ixed income assets issued by various ent i t ies operat ing in di f ferentsectors as def ined by AMFI, whi le adhering to the sector cap l imit as detai led insect ion on Sector s in which t he Schemes shal l not invest on page 6 of t heKIM. However, in the event of lack of avai labi l i ty of sui table assets asment ioned in the above intended table, the Scheme may al ternat ively changeits intended f ixed income al locat ion into AAA rated PFI and NBFC assets (asdet ai led in sect ion on Sector s in whi ch the Schemes shal l not invest on page 6of t he KIM)


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Notes:

a. Securi t ies wit h Rat in g AA wi l l incl ude AA+ and AA-. Simi l ar ly, securi t ieswit h Rat ing A1 wi l l i nclude A1+.

b. Al l investm ents shal l be m ade based on rat ing prevalent at t he t ime ofinvestment . Fur ther , in case of an inst rument which has dual rat ing,the most conservat ive publ icly avai lable rat ing would be considered.

c. The Schemes shal l not invest in unrat ed instrum ent s.There would be no var iat ion between the intended por t fo l io and the f inalpor t fo l io, subject to the fo l lowing:

( i ) Posi t ive var iat ion in investment toward higher credi t rat ing in the sameinst rum ent m ay be al lowed.

( i i ) The order of r isk-reward in instrument categories could be considered asCD being of low er r isk compared t o CP/ NCDs. The Investm ent Manager candeploy funds in CDs (with highest rat ing category i .e A1+) or CBLO orTreasury bi l l , in case CPs/ NCDs/ Bonds, are not avai lable or t heInvestment Manager is of the view that the r isk-reward is not in the bestinterest of uni t holders.

( i i i ) In case the Investment Manager is of the view that the r isk-reward ofinvestments in equi ty and equi ty re lated secur i t ies is not in the bestinterest of the Unit holders, the Investment Manager can deploy funds inmoney market secur i t ies/ debt secur i t ies (not below rat ing categoryAAA/ A1+).

( iv) At t he t im e of bui ld ing up the por t fo l io post NFO and towards the mat ur i tyof t he Scheme, t he Investm ent Manager may deploy (upt o 100 %) thefunds in cash/ cash equivalents/ in uni ts of money market / l iquid schemesof DSP BlackRock Mutual Fund and/ any other mut ual Fund in t erms ofappl icable regulat ions, for temporary per iod.

(v) The Investment Manager can deploy funds in short- term securi t ies whichare rated A1+ by at least one of t he approved rat ing agencies at t he t im e

of investments.Fur t her , in t he event of any deviat ions below the m inimum l imi t s or beyond the

maximum l imi ts as speci f ied in the above table and subject to the notes

ment ioned hereinabove, a review and rebalancing of t he asset a l locat ion wi l l be

cal led for by the Investment Manager within 30 days from the date of the said

deviat ion. Such changes in the investm ent pat tern wi l l be for a shor t t erm and

for defensive considerat ions and the intent ion being at a l l t imes to seek to

protect the interests of the Unit Holders and may be caused due to reason such

as non avai labi l i ty of the appropriate assets as mentioned in the above asset

al locat ion matr ix or due to perceived weakness in the credi t w or thiness of t he

issuer of the assets which are held in the por t fo l io dur ing the tenor of the

Scheme.

Investment Str ategy The schemes would invest both in equit ies and f ixed income instruments.Wi thin equi t ies and f ixed income, the por t fo l io would be act ively managed to

opt imize returns within the respect ive asset class.

Fixed income strat egy

The Investment Manager wi l l invest only in those debt securi t ies that are ratedinvestment grade by a domestic credi t rat ing agency authorised to carry outsuch activity, such as CRISIL, ICRA, CARE etc. In-house research by the


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Investment Manager wi l l emphasize on credi t analysis, in order to determinecredi t r i sk.

Equit y strategy

The Investment Manager prefers adopt ing a top-down approach with regard toinvestment in equity and equity related securi t ies. This approach encompassesan evaluat ion of key economic trends, an analysis of various sectors in theeconomy leading to an out look on thei r fut ure prospects and a di l igent study of

various investment opportuni t ies within the favoured sectors. In picking outindiv idual investment oppor tuni t ies for the por t fo l io, the Investment Managerwi l l seek both value and growth. Value is discerned when the InvestmentManager bel ieves that the inherent wor th or long- term growth potent ia l of acompany is not fu l ly ref lected in the share pr ice of the company. Growthstocks, as the term suggests, are those stocks that are current ly in the growthphase. Such growth in earnings could be due to a new product, a new process,growing market share, s t ronger brand equi ty , technological breakthrough andunique or predominant posit ion in a m arket , among other factors.

The Investment Manager wi l l conduct in-house research in order to ident i fyvalue and growth stocks. The analysis wi l l focus, among other things, on thehistor ical and current f inancial condi t ion of the company, capi ta l s t ructure,business prospects, strength of management, responsiveness to businesscondi t ions, product prof i le, brand equi ty , market share, compet i t i ve edge,

research and technological know-how and transparency in corporategovernance. The qual i ty or strength or management would be a key focus area.

Risk Profile Mutual Fund Units involve investment r isks including the possible loss ofpr incipal . Scheme speci f ic r isk factors are summarized below:1. Risk associated with investment in f ixed income securi t ies ( i ) Liquidi ty Riskon account of unquoted and unl isted securi t ies ( i i ) Credi t Risk and Market Risk(ii i) Reinvestment Risk (iv) Term Structure of Interest Rates (TSIR) Risk (v)Credit Rating Risk (vi) Concentration Risk (vii) Event Risk (vii i) Risk associatedwith List ing of Units and Risk associated with close ended schemes 2. Riskassociated wit h investm ent in equity and equit y relat ed instr ument s 3. Risksassociated with investments in Securi t ised Assets. 4. Risk Associated withDerivat ives 5. Risk associated with l ist ing of uni ts and 6. Risk associated withclose-ended schemes.

Please read the SID carefull y for detail s on ri sk factors before investment . Risk Management Strategies Risk Risk mitigants / management strategy

1. Risk associated wit h investment in f ixed income securit ies

Interest rate r iskFal l in the value of thepor t fo l io due to upwardmovement of interest rates

Although this r isk exists in a f ixed incomepor t fo l io, the c losed ended nature of theScheme mit igates the r isk as port fol ioconst ruct ion at the t ime of incept ion leads tocreat ion of a shor t durat ion por t fo l io wi thsecur i t ies whose matur i ty date is in l ine wi ththe matur i ty date of the Scheme. Given theshor t durat ion of secur i t ies in the por t fo l io,interest rate r isk is ant ic ipated t o be low.

Credit r iskIssuers inabi l i ty to meetinterest and pr inc ipal paymentson i ts debt obl igat ions

Credit r isk management is an independentfunct ion performed by the Risk Managementteam. The team establ ishes and cont inuouslymonitors credi t l imits for each issuer based oninputs f rom issuer f inancial s tatem ents, rat ingagencies etc. Issuer Risk Limits are imposed ona single issuer as well as an industrial group,for al l t he schemes. Issuer r isk l imi ts cover t hequantum of exposure, maximum tenor and in


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some instances the type of instruments thatcan be purchased. Risk l imits for issuers areassigned after discussion at an internal Credi tCommi t tee meet ing. The endeavour is toconst ruct a por t fo l io wi t h high credi t qual i ty .

Liquidi ty r iskHigh impact costs forl iquidat ion of securi t ies held inthe por t f o l i o

In a closed ended product, l iquidi ty r isk onaccount of underlying securi t ies marketl iquidi ty does not ex ist as intermediatel iquidi ty is not required. Liquidi ty access isdone through cont ractual matur i ty of thesecur i ty , which is in l ine wi th the term of theclosed ended Scheme.

Concentrat ion r iskConcent rated investment insingle security or single issuer

We have internal fund manager guidel ines formaximum exposure to a single issuer and alsoconcent rat ion l imi ts on account of largeholdings to avoid undue concentrat ion inpor t fo l io.

Event riskPrice r isk due to company orsector speci f i c event

The endeavour is to invest in securi t ies ofissuers, which have high balance sheetst rength in the investment hor izon toel iminate single company r isk.

2. Risk associated withinvestment in equity andequity related instr uments

The Investment Manager endeavours to investin companies, where adequate due di l igencehas been performed by the InvestmentManager. As not al l these companies are verywel l researched by th i rd-par ty researchcompanies, t he Invest ment Manager also rel ieson i ts own research. This involves one to onemeet ings wi th t he management of companies,attending conferences and analyst meets andalso tele-conferences. The companywise

analysis wi l l focus, amongst others, on thehistor ical and current f inancial condi t ion ofthe company, potent ia l valuecreat ion/ unlocking of value and i t s impact onearnings growth, capi tal structure, businessprospects, pol icy envi ronment , s t rength ofmanagement, responsiveness to businesscondi t ions, product prof i le, brand equi ty ,market share, compet i t i ve edge, research,technological knowhow and transparency incorporate governance.

Our internal fund manager guidel ines havemaximum act ive/ passive l imi t s per sector andper stock vis--vis the benchmark to mit igateexcessive r isk concentr at ion.

Credi t Evaluation Policy Credit Analysis at DSPBRIM is an indep endent funct ion per form ed b y t he Risk &Quanti tat ive Analysis (RQA) team. The RQA team sets up and monitors lendingl imits for each debt issuer. Issuer r isk l imits cover the quantum of exposure,maximum tenor and in some instances the type of inst ruments that can bepurchased by the Investment Manager. An individual schemes access to theissuer l imi t i s dependent on i ts investment object ives, regulatory rest r ic t ionsand assets under management . Risk l imit s for i ssuers are assigned and r eviewed


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regular ly at an internal Credi t Commi t tee m eet ing.

Credit evaluation process: The credi t evaluat ion process includes a thoroughanalysis of the operat ing and f inancial strength of the issuer as wel l asmanagement and indust ry r isk evaluat ion. Typical ly , an interact ion wi th thecompany m anagement is also sought pr ior t o set t i ng up of issuer l im it s.For st ructured obl igat ions, in addi t ion t o t he above, t he evaluat ion also coversoriginator analysis, col lateral analysis, structure analysis and embedded r isk

analysis.Each credi t proposal is discussed by an internal Credi t Committee and a l imit isassigned, i f the issuer/ str uct ure is sui t able.

Sectors in which the Schemesshall not invest

The Schemes shal l not invest in debt issued by real est ate com panies.

Typical ly, the RQA team ident i f ies sectors which are deemed vulnerable at anygiven point of t ime depending on the macro environment and avoids exposureto such sectors. Thus, sector restr ict ions may be temporary and may change indi f ferent envi ronments.

The Scheme w ould not invest more t han 30% of net asset s in any sector. For thepurpose of ident i fyi ng sector , t he AMC woul d use Associat i on of Mutu al Funds inIndia (AMFI) def ined sector cap at the t ime of investments. However, this l imitis not appl icable for :

a. AAA rated instruments of Publ ic Financial Inst i tut ions (PFIs) and AAArated instruments of Publ ic Sector Undertakings (PSUs) Banks, i f theinvestment s in respect of t he above ment ioned 30% l imi t is in only AAA(long term) and A1+ (Short term) rated Non Banking FinancialCorp orat ions (NBFCs) (issuer).

b. Collat eral ised Borrowing and Lending Obl igat ion (CBLO)c. Bank Cert i f i cate of Depositsd. Government of India securi t iese. Treasury Bi l ls

Types of instruments in whichthe Scheme shall i nvest

The Scheme wi l l invest in debt and money market instruments. The Scheme wi l la lso invest in equi t y and equi ty re lated inst ruments. I t ret ains the f lex ib i l i ty t oinvest across al l the securi t ies in the debt and money markets.

Debt securi t ies and Money Market Instruments wi l l include but wi l l not bel im i ted to :

Debt obl igat ions of the Government of India , state and local governments,government agencies, statutory bodies, publ ic sector undertakings, scheduledcommercial banks, non-banking f inance companies, development f inancialinst i tut ions, supra-nat ional f inancial inst i tut ions, corporate ent i t ies andtrusts.

Debt and Money Market securi t ies and such other securi t ies as may bepermi t ted by SEBI and RBI from t i me t o t i me.

Pass through, Pay through or other Part icipat ion Cert i f icates, represent ingint erest in a pool of assets including receivables

Money market inst ruments inc luding but not l imi ted to, t reasury bi l l s ,commercial paper of publ ic sector undertakings and private sector corporateent i t ies, reverse repurchase agreements with respect to governmentsecuri t ies and treasury bi l ls, CBLOs (Col lateral ised Borrowing and LendingObl igat ion), cert i f icates of deposi t of scheduled commercial banks anddevelopment f inancial inst i t ut ions, b i l l s of exchange/ promissory notes ofpubl ic sector and pr ivate sector corporate ent i t ies (co accepted by banks) ,government secur i t ies wi th unexpi red matur i t y of one year or less and othermoney m arket securi t ies as may be perm it ted by SEBI/ RBI Regulat ions.

The debt secur i t ies could be l i sted, unl isted, pr ivately placed inc luding but ,


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not r est r ic ted t o, pass through cer t i f i cates.

The non-conver t ib le par t of conver t ib l e secur i t ies. Any other l i ke inst rument as may be perm i t t ed by RBI / SEBI / other r egulatory

author i t y , i f any , f rom t ime to t ime.

The scheme may invest in equi ty secur i t ies, w hich inc lude, but are not l imi t edt o:

Equity shares being a securi ty that represents ownership interest in acompany. Equity Related Instruments, which are securi t ies which give the holder of

the securi ty r ight to receive Equity Shares on pre agreed terms. I tinc ludes conver t ib le/ opt ional ly conver t ib le/ compulsor i ly conver t ib ledebentures, conver t ib le/ opt ional ly conver t ib le/ compulsor i ly conver t ib lepref erence shares, share warrant s and any other securi t y which has equitycomponent embedded in i t .

Equity Derivat ives, which are f inancial instruments, general ly traded onan exchange, the pr ice of w hich is d i rect ly dependent upon ( i .e. , der ivedfrom ) the value of equit y shares or equit y indices. Derivat ives involvethe t rading of r ights or obl igat ions based on the under ly ing, but do notdi rect ly t ransfer proper ty.

Options Growth*Dividend Payout *defaul t Opt ion

Tenure/Durati on of t heSchemes

12 months to 60 months f rom t he respect ive date of a l lot ment .

The exact durat ion of Schemes shal l be decided at the t ime of launch of therespect ive Scheme(s) and in case of the Scheme(s) launched after New FundOf fer of t he f i rs t Scheme under the SID, t he durat ion/ tenure of the Scheme wi l lbe indicated in the not ice publ ished for l aunch of each of t he Scheme.

The Uni ts of t he Schemes wi l l be fu l ly redeemed at the end of t hei r respect ivetenure.

DSP BlackRock Dual Advantage Fund Ser ies 5 36M will mature on July 22,2015.

In case the maturi ty date happens to be a non-Business Day, the immediatelysucceeding Business Day wi l l be considered as the maturi ty date. On thematur i ty date, a l l Uni ts under the Schemes wi l l be compulsor i ly , and wi thoutany fur ther act by the Uni t Holders, redeemed at the Appl icable NAV of thatday.

For the uni ts held in elect ronic form, the uni ts wi l l be ext inguished wi th theDeposi tory and t he redempt ion amount wi l l be paid to t he Uni t Holders on thematur i t y date, at the prevai l ing NAV on that date.

Minimum Application Amount/Number of Unit s

Rs. 5,000/ and in mul t ip les of Re. 1/ - t hereaf ter .

Benchmark Index CRISIL MIP Ble nd ed Inde x

Dividend Policy The Trustee r eserves the r ight t o declare a div idend and the actual d ist r ibut ionthereof and the f requency of d is t r ibut ion are ent i re ly at the discret ion of theTrustee.

Name of the Fund Manager Dhawal Dalal & Apoorva Shah

Name of the Trustee Company DSP BlackRock Tru stee Company Pvt. Ltd .

Perf ormance of the Scheme These are new Schemes being launched and hence, there is no performance


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t rack record.

Invest ors are inform ed that t he Mut ual Fund/ AMC and i ts empanel led brokershave not given and shal l not give any indicat ive port fol io and indicat ive yield inany communicat ion, in any manner whatsoever. Investors are advised not torely on any communicat ion regarding indicat ive y ie ld/ por t f o l io wi th regard tot he Scheme.

Expenses of the Scheme(i) Load St ruct ure

Entry Load NIL*Exit Load Not Appl icable (The Units under the Scheme cannot be direct lyredeemed with the Mutual Fund as the Units wi l l be l isted on the StockExchange/ s)*In accordance with the requirements speci f ied by SEBI circular no.SEBI/ IMD/ CIR No.4/ 168230/ 09 dated June 30, 2009 no entry l oad wi l l becharged wi t h respect t o appl icat ions for purchase/ swi t ch- in. The upf rontcomm ission on investm ent made by t he investor shal l be paid t o the ARN Holderdirect ly by the investor, based on the investors assessment of various factorsincluding service render ed by t he ARN Holder.

(ii) Recurring Expenses First Rs. 100Crores

Next Rs. 300Crores

Next Rs. 300Crores

Balance

2.25% 2.00% 1.75% 1.50%

Tax tr eatment f or theInvestors (Unit Holders)

Investors are advised to refer to the detai ls in the Statement of Addi t ionalInformat ion. In v iew of the indiv idual nature of tax benef i ts , each investor isadvised t o consul t h is or her own tax consul tant w i t h respect t o the speci f ic taximpl icat ions arising out of his or her part icipat ion in the Scheme.

Applicable NAV forrepurchase

Not appl icable. The Scheme being close ended no redempt ion/ repurchase ispermi t ted. Investors who wish to r edeem/ exi t m ay do so through the StockExchange mode.

Despatch of Repurchase(Redemption) Proceeds onMaturity

Within 10 work ing days f rom the dat e of Matur i ty

Net Asset Value (NAV)Publication

The f i rst NAV wi l l be calculated and declared within 5 Business Days from theclosure of the NFO. Thereafter, the Mutual Fund shal l declare the NAV of theSchemes on every Business Day, on AMFIs websi te ww w. amfi india.com , b y 9.00p.m. and also on ww w.dspblackrock.com.The NAV of the Schemes wi l l be publ ished by the Mutual Fund in at least twodaily newspapers, on every Business Day.

Listing The Unit s of t he Scheme wi l l be l i sted on Bombay St ock Exchange Limit ed (BSE)within 5 Business Days from the date of al lotment. BSE has vide i ts let ter no.DCS/ IPO/ NP/ MF-IP/ 295/ 2011-12 dated Sept ember 09, 2011, provid ed in-princi ple app roval t o t he AMC for l ist ing of the Units of t he Schemes on BSE. Aninvestor can buy/ sel l Unit s on a cont inuous basis on BSE and/ or any ot her StockExchange(s) on which the Units are l isted during the trading hours l ike any

other publ ic ly t raded stock. The Mutual Fund reserves the r ight tosuspend/ deact ivate/ f reeze t r ading of t he Schemes and do al l such mat t ers wi threspect to c losure of the Scheme at any t ime upto 10 days pr ior to thematur i ty . The proceeds of the matur i ty w i l l be payable to thepersons/ benef ic ia l owners/ l ien holders whose names appear in the benef ic iaryposi t ion as on the record date for matur i ty , as per the informat ion avai lablef rom the deposi tor ies.


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For Investor Grievancesplease contact

Computer Age Management Services Pvt. Ltd., Rayala Towers, Tower I , 3 r f loor, 158 Anna Salai, Chennai 600 002. Tel: 044-2850 0500; Fax: 044-28500693; E-mail id: [email protected] OR DSP BlackRock Mutual Fund, Natraj,Off ice Premi ses No. 302, 3rd Floor, M V Road Junct ion. W. E. Highway, Andheri- East, Mumbai - 400069.. Tel . : 022-67178000.

Unit Holders InformationAccount Statements/Allotment Confirmation:

A l lotment conf i rmat ion speci fy ing the number of Uni ts a l lot t ed shal l be sentto t he Uni t holders at thei r registered e-m ai l address and/ or mobi le number byway of emai l and/ or SMS wit hin 5 Business Days from t he close of t he New FundOffer (NFO) Period.

Consol idat ed account statem ent (CAS)^ shal l be sent f or each calendarmonth wi t h in 10th day of t he succeeding month t o t he investors in whose fo l iostransact ions have taken place during that month. Transact ions for the purposeof CAS include purchase, redemption, switch, dividend payout, dividendreinvestment, SIP, SWP, STP and bonus transact ions with respect to Units heldin physical form.

The stat ement sent w i th in the t ime f rame ment ioned above is provisionaland is subject to real isat ion of payment inst rument and/ or ver i f i cat ion ofdocuments, inc luding the appl icat ion f orm, by t he Regist r ar / AMC.

A consol idat ed account stat ement shal l be sent every hal f yearl y(September / March) , on or before 10th day of succeeding month, det ai l ingholding at the end of the six month, to al l such investors in whose fol ios therehave been no transact ions during that period.

For Unit Holder s who have provided an e-mai l address, t he AMC wi l l send theaccount statement by e-mai l .

The Uni t Holder may request f or a physical account statement by wr i t ingto/ cal l ing the AMC/ Regist rar .

Despatch of account state ment s to NRIs/ FIIs wi l l be subj ect t o RBI approval,i f requi red.

Where investor desi res to hold Uni ts in demater ia l ized form, dematstatement shal l be provided by the Depository Part icipant in such form and in

such manner and at such t ime as provided in t he agreement wi t h the benef ic ia lowner .

^Consol idated Account Statement (CAS) shal l contain detai ls relat ing to al l thetransact ions carr ied out by the investor across al l schemes of al l mutual fundsdur ing the month and holding at the end of the month inc luding t ransact ioncharges paid t o t he dist r ibut or w i t h respect to Uni ts held in physical form .

For the purpose of CAS, common investors across mutual funds shal l beident i f ied on the basis of PAN. Accordingly, investors whose fol io(s) are notupdated with PAN shal l not receive CAS. Investors are therefore requested toensure that their fol io(s) are updated with PAN. Further, such consol idat ionshal l be based on the com mon sequence/ order of investor s in various fol i osacross mutual funds.

For more det ai ls, please refer t he SID.

Half yearly portfolio disclosure: Ful l por t fo l io in t he prescr ibed format shal l bedisclosed ei ther by publ ishing i t in one nat ional Engl ish dai ly newspapercirculat ing in the whole of India and in a newspaper publ ished in the languageof t he region where the Head of f ice of the Mutual Fund is si tuat ed or by sendingi t to the Uni t Holders wi th in one month f rom the end of each hal f -year , that isas on March 31 and September 30. I t shal l also be displayed onwww.dspblackrock.com.

Annual Financial results: The annual report of the Schemes or the Annual


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Repor t or an abr idged summary thereof , w i l l be sent to al l Uni t Holders notlater than four months f rom the date of the c losure of the relevant f inancialyear i .e. March 31 each year ( i ) by emai l only to al l Unit holders whose e-mai laddresses are avai lable with the Mutual Fund and ( i i ) in physical form to theUnit holders whose e-mai l addresses are not avai lable with the Mutual Fundand/ or to t hose Uni t holders who have opted/ requested f or the same.

Whenever the repor t i s sent in a the abr idged form, the fu l l annual repor t w i l l

be avai lable for inspect ion at the registered of f ice of the Trustee and a copymade avai lable on request to the Unit Holders. The Annual Report shal l also bedisplayed on www.dspblackrock.com, a l ink to which is d isplayed prominent lyon the homepage of the Mutual Funds website.

Investors are requested to register their emai l addresses with the Mutual Fund.

Applications Support ed byBlocked Amount (ASBA)

As per SEBI circ ular n o. SEBI/ IMD/ CIR No. 18/ 198647/ 2010 date d March 15, 2010read wi th SEBI circular no. Cir / IMD/ DF/ 6/ 2010 dated July 28, 2010, an investorcan subscribe to the New Fund Offer (NFO) through ASBA faci l i ty for NFOslaunched on or after October 01, 2010. The ASBA faci l i ty is offered by selectedSelf Certif ied Syndicate Banks (SCSBs) which are registered with SEBI foroffer ing the faci l i ty, and whose names appear in the l ist of SCSBs on thewebsite of SEBI, w ww .sebi.gov. in.

ASBA is an appl icat ion containin g an authorizat ion given by t he investor t o blockthe appl icat ion money in his speci f ied bank account towards the subscript ion ofUnits offered during the NFO of the Schemes. Thus, for an investor who appl iesthrough ASBA faci l i ty, the appl icat ion money blocked towards subscript ion ofUni ts shal l be debi ted only i f h is / her appl icat ion is selected f or a l lotment ofUnits. ASBA faci l i ty wi l l be provided to the investors subscribing to NFO of theScheme. I t shal l co-exist wi t h the exist ing process, wher ein cheques/ demanddrafts are used as a mode of payment. Please refer ASBA appl icat ion form fordetai led instruct ions. ASBA appl icat ions can be submitted only at Sel f Cert i f iedSyndicate Bank (SCSB) at their designated branches. ASBA form should not besubmit t ed at locat ion ot her t han SCSB as i t wi l l not be pr ocessed. List of SCSBsand their designated branches shal l be displayed on the SEBIs websi te(www.sebi .gov. in) .

Multiple Bank Account

Registration

In compl i ance t o AMFI Best Pract ice Guidel ines, AMFI circular No. 17/ 10-11

dated October 22, 2010. The Mutual Fund offers i ts investors faci l i ty to registermult iple bank accounts for pay-in & payout purposes and designate one of theregistered bank account as Defaul t Bank Account . Individuals, HUFs, Soleproprietor f i rms can register upto f ive bank accounts and a non-individualinvestor can register upto ten bank accounts in a fol io. This faci l i ty can beavai led by using a designated Bank Accounts Regist rat ion Form avai lable atInvestor Service Centers and Registrar and Transfer Agent s off ices. In case ofnew investors, the bank account ment ioned on the purchase appl icat ion form,used for opening the fo l io, w i l l be t reated as defaul t bank account t i l l theinvestor gives a separate request to register mult iple bank accounts and changethe defaul t bank account to any of other registered bank account . Registeredbank accounts may also be used for veri f icat ion of pay-ins ( i .e. receiving ofsubscr ipt ion f unds) t o ensure that a th i rd par ty payment is not used for m utualfund subscript ion. Defaul t Bank Account wi l l be used for al l dividends and

redemptions payouts unless investor speci f ies one of the exist ing registeredbank account in the redempt ion request for receiv ing redempt ion proceeds.However , in case a Uni tholder does not speci fy t he defaul t account , the MutualFund reserves the r ight to designate any of the registered bank accounts asdefaul t bank account .

Consequent to i ntr oducti on of Multi ple Bank Accounts Facilit y , t heexisting facility of redemption with change of bank mandate is discontinued


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11

by t he fund. New bank accounts can only be registered using the designated Bank Accounts Registration Form . A new non-registered bank accountspecified in the specific redemption request for receiving redemptionproceeds wil l not be considered.

Process for Change of Address The sel f at tested copies of the fo l lowing documents shal l be submi t ted alongwi t h duly f i l led in Change of address form :

a. ) For KYC not compl i ed f ol ios:(i ) Proof of new address ( POA ); and( i i ) Proof of ident i ty ( POI) : Only PAN card copy shal l be

considered i f PAN is updated in the fol io or other proof ofident i t y i f PAN is not updated in t he fo l io.

b. ) For KYC complied folios:(i ) Proof of new address; and( i i ) Any other document / form that the KYC Regist rat ion Agency

(KRA) may speci fy f rom t im e to t im e.

The DSP BlackRock Investm ent Managers Pvt. Ltd. ( AMC ) reserves the r ight t o

col lect proof of old add ress on a case to case basis whi l e eff ect ing the change ofaddress.

The sel f at tested copies of above stated documents shal l be submitted alongwit h or iginal for veri f icat ion at any of t he AMCs branches / Investor ServiceCenters of Computer Age Management Services Private Limited ( CAMS),Register & Transfer Agent of the Fund. In case, the original of any document isnot produced for ver i f i cat ion, then the copies should be proper lyat t ested/ ver i f ied by ent i t ies author ized for at t est ing / ver i f i cat ion of thedocuments. List of admissible documents for POA & POI mentioned in SEBICircular MIRSD/ SE/ Cir 21 / 2011 dated October 05, 2011 shal l be considered.

Third Party PaymentAvoidance and additionaldocuments / declarationrequired:

To safeguard the int erests of appl icant / invest ors and avoid fraudul enttransact ions in any other name, the Mutual Fund does not accept Third PartyPayment s* inl ine w it h AMFI Best Pract ice Guidel ines Circular No.16/ 2010-11dated August 16, 2010. A payment towards mutual fund subscript ion byCheque/ Demand Draft (DD)/ Fund Transfer/ RTGS/ NEFT or any modewhatsoever is deemed as a Thi rd Par ty payment , i f payment is issued f rom abank account other than that of the benef ic iary investor . The f i rs t holder ofthe mutual fund fo l io has to be one of the jo int holders of the bank accountf rom which payment is made v ia cheque/ Demand Draf t (DD)/ Fundst ransfer / RTGS/ NEFT. Therefore, i t i s impor tant f or investors to m ent ion t hebank account number , bank name & branch address f rom where t he payment isissued and t he same should match wi t h det ai ls on payment cheque/ document(where appl icable) . Where the payment inst rum ent / advice does not ment ionthe bank account hol ders name/ s, investor should att ach bank pass bookcopy/ bank stat ement / bank let t er to substant iate that the f i rs t uni t holder isone of the jo int holders of the bank account . Where a payment is through aDD, a bank cert i f icat ion of bank account and account holders name of the bank

account used for DD issuance should be attached, in the required format.

*Thi rd Par ty Payment : When a payment is f rom a bank account ot her t han thatof t he benef ic iary investor , the same is refer red t o as a Thi rd Par ty Payment .I t i s fur ther c lar i f ied that In case of mutual fund subscr ipt ions, the f i rs t uni tholder is considered as the benef ic iary investor , even i f there are jo int uni tholders. In case of payment s f rom a bank account j o int ly held, the f i rst holderof the mut ual fund subscr ipt ion has to be one of the j o int holders of the bankaccount f rom which t he payment is made.


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12

In speci f ic except ional s i tuat ions where Thi rd Par ty payment is permi t ted l i ke(i ) Payment by Parent s / Grand-Parent s / Relat ed persons on behalf of a minor(other t han registered guardian) in considerat ion of natural love and af f ect ionor as gi f t for value not exceeding Rs 50,000 for each purchase, However thisrest r ic t ion wi l l not be appl icable for payment made by a guardian whose nameis registered in the records of t he Mutual Fund in t hat f o l io, ( i i ) Payment by anEmpl oyer on behalf of Employee under Syst emat ic Invest ment Plans / lumpsum/ one-t ime subscript ion through Payrol l deduct ions or ( i i i ) Cust odian on

behalf of an FII or a cl ient, ( iv) Payment by Asset Management Company to aDist r ibut or empanel led wi th i t on account of comm ission/ incent ive etc. in t heform of the Mutual Fund Units of the Funds managed by such AMC throughSystem at ic Investm ent Plans or lump sum / one- t ime subscr ipt ion, subject t ocompl iance with SEBI Regulat ions and Guidel ines issued by AMFI, f rom t ime tot ime. Investors submi t t ing thei r appl icat ions through the above-ment ionedexcept ional s i tuat ions are requi red to comply wi th the fo l lowing, w i thoutwhich appl icat ions for subscr ipt ions for uni ts w i l l be rej ected/ notprocessed/ refund ed. Mandatory KYC for al l i nvestor ( guardian in case of mi nor)and the person making the payment i . e. t h i rd par ty. In order for an appl icat ionto be considered as val id, investors and the person making the payment shouldat tach thei r val id KYC to the appl icat ion form i r respect ive of amount . A longwith submission of a separate Third Party Payment Declarat ion Form frominvestor (guardian in case of minor) and person making the payment i .e. third

par ty. The said Declarat ion form shal l , inter a l l ia, contain the detai ls of bankaccount f rom which the payment is made and the relat ionship wi th theinvestor(s). Investors are advised to visi t www.dspblacrock.com > KnowledgeCentre for more detai ls , inc luding declarat ion format or approach any of theof f ices of the fund. The AMC reserves a r ight to re ject the t ransact ion or cal lfor addi t ional detai ls , i f payment bank account and other detai ls are notment i oned on the fo rm and/ or do not match w i th payment i nst rument and/ ornecessary documents and declarat ion, as appl icable to respect ive investors andtransact ions, are not attached or are insuff icient. In case the funds aret ransfer red to the mutual fund account pr ior to the appl icat ion reject ion, thenamount t ransfer red may not be refunded or redeemed unless the investorestabl ishes KYC with addit ional documentat ion.

Date: June 21, 2012


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Distributor Name and ARN Sub Broker Code For Office use only

ACKNOWLEDGEMENT SLIP (To be filled in by the investor)

Application No.

DSP BLACKROCK MUTUAL FUND

DistributorContact No:

From

Name of Second Applicant (Should match with PAN Card) Title Mr. Ms. M/s

Name of Third Applicant (Should match with PAN Card)

2. FIRST APPLICANTS DETAILS

Name of First Applicant (Should match with PAN Card) Title Mr. Ms. M/s

Date of Birth

Existing Folio No

PAN

Name of Guardian if minor / Contact Person for non-individuals / PoA Holder name:

Correspondence Address

City StatePin Code

(Mandatory)

(Mandatory for minor)

Gender Male Female

3. JOINT APPLICANTS DETAILS

D D M M Y Y Y Y

PAN (2nd applicant )

PAN (3rd applicant )

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

PoA PAN*

Mode of Holding (Please tick ) AnyoneJoint (Default) or Survivor Single

Title Mr. Ms. M/s

Branch / RM Code

Cheque no. Date Amount Scheme

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.

Landmark

*PoA PAN & KYC is mandatory

Enclose

Enclose

KYC Acknowledgement

KYC Acknowledgement

Status of Sole/1st Applicant (Please tick ) Resident Individual On Behalf Of Minor HUF Sole Proprietorship NRI (Repatriable)

Occupation (Please ) Service Professional Business Housewife Retired Student Other

(Please specify)

NRI (Non-Repatriable) LLP Partnership Firm Company AOP/BOI Body Corporate Trust Society FII FOF - MF schemes Provident Fund

Superannuation / Pension Fund Gratuity Fund Bank / FI Government Body Insurance Companies Others

Enclose KYC Acknowledgement

(1st Applicant / Guardian)

KYC*

Proof of DoBattached *

For Investments On behalf of Minor: (Refer Instruction 1-e)(* Attach Mandatory Documents as per instructions).

Guardian named below is : Father Mother Court Appointed*

Birth Certificate School Certificate / Mark sheet

Passport Any other ................ .........

Yes, I wish to have a PIN for internet / telephone transactions and agree to terms and conditions of PIN Issuanceand Usage as available in SID/SAI and www.dspblackrock.com (Refer instruction 1(f) for mandatory details).

Mobile Fax+91(Refer instruction 8)

STD Code Tel. (Off) Tel. (Resi.)

NEWDSPBR Online

PIN (Please tick )

DSPBR eServices Email ID(in capital)

DSPBR eSMS

Email id, Date of Birth, Mobile Number, PAN are mandatory details for issuance of PIN and Online Facility.

Please read instructions before filling this FormAPPLICATION FORM

Application No.:

1. TRANSACTION CHARGES (Please refer instruction 3 and tick any one)

I am a First Time Investor in Mutual Fund Industry.(Rs 150 will be deducted.)

I am an Existing Investor in Mutual Fund Industry.(Rs 100 will be deducted.)

Applicable for transactions routed through a distributor who has opted in for transaction charges.

DSP BLACKROCK

Close Ended Income Scheme

Opens:Closes:

DUAL ADVANTAGE FUND - SERIES 5 - 36M

July 16, 2012

July 02, 2012

DSP BlackRock Dual Advantage Fund - Series 5 - 36M


14/19

4. BANK ACCOUNT DETAILS (Refer Instruction 4)(Mandatory)

Bank Name

Bank A/C No.

Pin

A/C Type Savings Current NRE NRO FCNR Others

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

Branch Address

City

5. INVESTMENT ANDPAYMENTDETAILS (Refer Instruction 5)

S

IG

N

A

T

U

R

E

(

S

) Sole / First

Applicant/Guardian

SecondApplicant

ThirdApplicant

9. DECLARATION & SIGNATURESHaving read and understood the contents of the Scheme Information Document andStatement of Additional Information, Key Information Memorandum and Instructions. I / We,hereby apply to the Trustee of DSP BlackRock Mutual Fund for Units of the relevant Schemeand agree to abide by the terms and conditions, rules and regulations of the Scheme. I / Wehave neither received nor been induced by any rebate or gifts, directly or indirectly in makingthis investment. I / We declare that the amount invested in the Scheme is through legitimatesources 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 theGovernment of India or any Statutory Authority. The ARN holder has disclosed to me/us all thecommissions (in the form of trail commission or any other mode), payable to him for thedifferent competing Schemes of various Mutual Funds from amongst which the Scheme isbeing recommended to me/us.

Applicable to NRIs onlyI/We confirm that I am/We are Non-Resident(s) of Indian Nationality / Origin and I/We herebyconfirm that the funds for subscription have been remitted from abroad through normalbanking channels or from funds in my / our Non-Resident External / Ordinary Account/FCNRAccount(s).If NRI ( ) Repatriation basis Non-Repatriation basis

8. DEPOSITORY ACCOUNT DETAILS (Refer Instruction 8)Please provide details only if Units are intended to be held in demat form. Refer KIM instructions for details and risk factors associated with listing of units in theSID. Please ensure that the sequence of names as mentioned in this Application Form matches with that of the account held with the Depository Participant.

National Securities Depository Limited (NSDL)Depository Name(Please tick)

Central Depository Services (India) Limited (CDSL)

Depository Participant Name (DP)

DP ID

Beneficiary Account Number (16 digit beneficiary A/c No. to be mentioned above)

Cheque/RTGS/NEFT/DDDate

Payment fromBank A/c No.

InWords

D D M M Y Y Y Y

Bank Name

Account Type Savings Current NRE NRO FCNR

Cheque DD/RTGS/NEFT/ No.

Amount Rs.( ) (i)

DD charges, (Rs.)(ii)

Infigures

Payment Mode: Cheque DD RTGS NEFT Funds transfer

TotalAmount(Rs.) (i) + (ii)

Pay In A/c No.

Branch

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

(Defaultoption will be applied in case of no information, ambiguity or discrepancy)

SchemeName Option Growth (default) Dividend Payout

7. NOMINATION DETAILS (for units in physical mode) (Refer instruction 6)

Nominee Name Allocation %

Nominee 1

Nominee 2

Nominee 3

AddressTotal = 100%

Guardian Name (In case of Minor) Nominee Signature

I/We wish to nominate I/We DO NOT wish to nominate.Individuals (single or joint applicants) are advised to avail Nomination facility.

6. SWITCH UPON MATURITY (for units in physical mode) (Refer instruction 5 l)Please switch ALL maturity proceeds (other than dividend proceeds)to following Schemes/Plan/Option/Sub-option upon maturity of this Scheme.I/We will not hold the AMC or Fund responsible in case of any further different instructions on or before maturity.

Scheme

Name Plan/Option/Sub-option

(Defaultoption will be applied in case of no information, ambiguity or discrepancy)

Contact Centre: 1800 200 4499Email: [email protected]

Website: www.dspblackrock.com

PAN Card copy (Attested with a seal by a Distributor, Bank Manager, Notary)

KYC Acknowledgement

Checklist All Investments Bank Mandate is provided

I N

DSP BlackRock Dual Advantage Fund - Series 5 - 36M


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Please read carefully the SID and SAI the Key Information Memorandum (KIM)and all relevant Addenda before lling up the application form. Investors aredeemed to have read and accepted the terms subject to which these offers arebeing made, and bind themselves to the terms upon signing the application form.All applications will be accepted subject to verication. Invalid or incompleteapplications are liable to be rejected after acceptance and verication, andinformation will be sent to the address by general post.

All documents required to be submitted with the application form or later, likepower of attorney, etc. should be in English language or notarized translatedcopy in English language.

General Instructions

a. This application form may be used by both resident and non-residentinvestors.

b. The application form should be lled in English in BLOCK LETTERS and theapplicants names and address should be provided in full (P.O. Box No. aloneis not sufcient). Please tick (P) in the appropriate box (o), where boxes havebeen provided.

c. Application forms that fall under any of the following categories are liable to berejected and will not be returned to the customers. If applicable, the money

paid will be refunded/returned without interest.

i. Application forms incomplete in any respect or where there is any overwriting on the form without the applicants counter signature.

ii. Application forms invalid / incomplete /ambiguous / without supportingdocuments in any respect.

iii. Application forms that are not accompanied by a payment instrument forthe amount payable, such as a cheque or a demand draft, or an account-to-account transfer instruction to credit the account of DSP BlackRockMutual Fund (the Fund) (Designated Account) on the same day, in respectof a Direct Deposit Application.

iv. Application forms that the Trustee chooses to reject for any other reasondetermined at its sole discretion.

d. No separate receipt will be issued for the application money. The bank/InvestorService Centre/Collection Centre will stamp and return the acknowledgementslip in the application form, to acknowledge receipt of the application, subjectto verication.

e. Irrespective of mode of holding, the sole/rst-named holder will receiveall account statements/allotment advice, dividend or redemption/refundwarrants, and all other relevant correspondence.

f. All allotments will be provisional, subject to realisation of payment instrumentand subject to DSP BlackRock Investment Managers Pvt. Ltd. (the AMC)having been reasonably satised that the Fund has received clear funds. Anyredemption or switch out transaction in the interim is liable to be rejected atthe sole discretion of the AMC.

g. Any subsequent changes in static information like address, bank details,dividend sub option etc. will be based on written communication frominvestors. These changes will be effected within ve days of the valid signedrequest reaching the ofce of the Registrar at Chennai, and any interimnancial transactions will be effected with previous details only. However, incase of investors who have opted for units in their demat account, any changesin static data will not be entertained by the RTA / FUND /AMC. Investors willhave to approach their DP for such changes.

h. KYC Requirements: Investors shall note that they need to comply with theKnow Your Client (KYC) requirements, by submitting the requisite documents.Applications are liable to be rejected without any intimation to the applicants,if KYC requirements are not complied with by all the applicants. For moreinformation, please log on to www.dspblackrock.com/www.amindia.combefore investing.

Investors should further note that KYC applicability for various investorcategories and threshold amount may change anytime in future.Hence, investors are requested to apprise themselves about KYCapplicability before submitting their transactions to avoid rejections.

i. Investors should provide details/instructions only in the space providedin the form. Any details/notings/information/instruction provided at a nondesignated area of the standard form being used, or any additional details forwhich space is not designated in the standard form, may not be executed andthe AMC will not be liable for the same.

j. the AMC and its Registrar reserve the right to disclose the details ofinvestors and their transactions to third parties viz. banks, distributors fromwhom applications of investors are received and any other organization forthe purpose of compliance with legal and regulatory requirements or forcomplying with anti-money laundering requirements.

k. Nomination can be made only by investors who opt for allotment in physicalform (non-demat form). Such investors can avail the nomination form bycalling/writing the AMC/Registrar or downloading the form from the websiteof the Fund, www.dspblackrock.com. In case of Units held in demat form, thenomination details as recorded for the depository account will be applicableinvestors who hold units in demat form may approach their DP for availing thenomination facility.

1. First Applicants Details:

a. Applicants should ll in all details as requested in the relevant section. Nameshould be provided in full.

b. If the applicant/s already has/have a folio with the Fund, the applicant shouldll in the folio number, in order to invest in the same folio. Investment in thesame folio will be possible only if the name(s) of the holder(s), the order of theholders, the mode of holding and the folio no. are the same. The names of theholders, the mode of holding, etc., will remain as per the details available inthe existing folio.

c. PAN shall be the sole identication number and is mandatory for all investors(including joint applicants, guardians and NRIs), irrespective of the amountof transaction. Accordingly, investors shall be required to submit a photocopyof the PAN card, provided that it shall either be veried with the original atthe Collection Center or be veried/attested by AMFI registered distributors,bank managers or judicial authorities.

d. Investors residing in the state of Sikkim are exempt from the mandatoryrequirement of PAN, provided they mention their Sikkim address on theapplication form and provide a proof of such address, duly veried by bankmanagers or judicial authorities.

e. For Investments On behalf of Minor: Where the investment is on behalf ofminor by the guardian, please note the following important points:i. The minor shall be the sole andonly rst holder in the account. Nomination

facility is not available for applications/folios on behalf of a minor. Jointholders details and nomination details, even if mentioned and signed willnot be considered.

ii. Guardian of the minor should either be a natural guardian (i.e. father ormother) or a court appointed legal guardian.

iii. Details like minors date of birth, Guardians relation with Minor, Guardianname, PAN, KYC are mandatory, along with supporting documents.

iv. Photo copy of the document evidencing the date of birth of minor like i.

Birth certicate of the minor, or ii. School leaving certicate / Mark sheetissued by Higher Secondary Board of respective states, ICSE, CBSE etc.,or iii. Passport of the minor, or iv. Any other suitable proof should beattached with the application form.

v. Where the guardian is not a natural guardian (father or mother)and is acourt appointed legal guardian, suitable supporting documentary evidenceshould be provided.

vi. If the mandatory details and/or documents are not provided, the applicationis liable to be rejected without any information to the applicant.

f. Applicants should provide contact information such as correspondenceaddress, telephone number/s and email address, status of rst applicantand occupation. In the case of NRIs, the address provided should be theiroverseas address. To receive communication at an Indian address, NRIsshould separately communicate Indian address and their folio to the Fund.

g. Applications under a Power of Attorney or by a limited company or a corporatebody or an eligible institution or a registered society or a trust funds or a bodyindividual / AOPs must be accompanied by the original Power of Attorney (ora duly certied true copy thereof) duly notarized or the relevant resolutionor authority to make the application (or duly certied copy thereof) as thecase may be, along with a certied copy of the Memorandum and Articles ofAssociation and/or bye-laws and/or trust deed and/or partnership deed and/

Instructions


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or Certicate of Registration. All documents should be in English language ornotarized translated copy in English language.

2. Joint Applicants Details:

a. Joint applicants must ll in all details as requested in section 2.b. PAN and KYC compliance is mandatory for all applicants, irrespective of

mode of holding. For more details, please refer General Instruction (h).c. Applicants should specify the mode of holding. If the mode of holding is not

specied or is ambiguous, the default option for such applications will beJoint.

d. In the case of joint holders, the rst-named holder will receive all accountstatements/allotment advice, dividend or redemption/refund warrants, andall other relevant correspondence.

3. Transaction Charges:

a. SEBI has allowed mutual funds to deduct transaction charge per subscriptionof Rs. 10,000 and above and be paid to the distributors. Transaction Chargeshall be deducted only for transaction routed through such distributors whohave opted to receive such charges as follows: (i) Rs. 150/- with respect totransactions from a rst time mutual fund investor; (ii) Rs. 100/- with respectto transactions from an existing investor; (iii) with respect to SIP, transactioncharge shall be deducted only if total commitment (i.e. amount per SIPinstallment x No. of installments) amounts to Rs. 10,000/- or more. TheTransaction Charges shall be deducted in 3 or 4 installments. Units will beissued against the balance amount. Please note that transaction charge shall

not be deducted for subscription received DIRECTLY, i.e. not routed throughany distributor and transactions other than purchase, viz. switch, systematictransfer into any scheme, etc.

b. Please tick the appropriate box as applicable to you. Please tick the rst boxonly if you are a rst time ever mutual fund investor, i.e. you are investing in ascheme of mutual fund for the rst time. However, even if an applicant ticksas new investor, the mutual fund reserves a right to check with investmentsin other mutual funds to ascertain new or existing investors.

c. If no option is ticked, it is deemed that the applicant is an existing investor inthe mutual fund industry.

4. Bank Account Details/ Multiple Bank Accounts Registration

a. To protect the interests of investors from fraudulent encashment of chequesand as per the SEBI Regulations, it is mandatory for all investors of mutualfund schemes to provide their bank mandate. Applications without themandatory bank details are liable to be rejected.

b. The investor agrees that the proceeds towards redemptions and dividends willbe despatched by a reasonable mode of despatch like courier, post, UCP, etc.in case of cheque/demand draft or directly credited to the bank account (asper 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 willnot hold the Mutual Fund or the AMC or the Registrar responsible for anynon-receipt or delay of receipt of redemption & dividend proceeds due to anynegligence or deciency in service by the courier company, postal authoritiesor the bank executing direct credits/RTGS/NEFT, or due to incorrect bankaccount details provided by the investor.

c. Multiple Bank Accounts Registration Facility: The fund offers its investorsfacility to register multiple bank accounts for pay-in & payout purposes anddesignate one of the bank account as Default Bank Account. This facilitycan be availed by using a designated Bank Accounts Registration Form.

In case of new investors, the bank account mentioned on the purchaseapplication form, used for opening the folio, will be treated as default bankaccount till the investor gives a separate request to register multiple bankaccounts and change the default bank account to any of other registered bankaccount. Registered bank accounts may also be used for verication of pay-ins (i.e. receiving of subscription funds) to ensure that a third party paymentis not used for mutual fund subscription. Default Bank Account will be usedfor all dividends and redemptions payouts including FMP schemes maturityproceeds unless investor species one of the existing registered bank accountin the redemption request for receiving redemption proceeds.

d. Consequent to introduction of Multiple Bank Accounts Facility, theexisting facility of redemption with change of bank mandate is discontinuedby the fund. New bank accounts can only be registered using the designatedBank Accounts Registration Form. A new non-registered bank accountspecied in the specic redemption request for receiving redemptionproceeds will not be considered.

e. Bank Account Details with Redemption Request: Please note the followingimportant points related to payment of redemption proceeds:a. Proceeds of any redemption request will be sent only to

a bank account that is already registered and validated inthe folio at the time of redemption transaction processing.

b. Unit holder(s) may choose to mention any of the existing registered bankaccounts with redemption request for receiving redemption proceeds. Ifno registered bank account is mentioned, default bank account will beused.

c. If unit holder(s) provide a new and unregistered bank mandate with aspecic redemption request (with or without necessary supportingdocuments) such bank account will not be considered for payment ofredemption proceeds.

f. Any request without the above mentioned documents will be treatedinvalid and will not be acted upon and any nancial transaction, includingredemptions, will be carried with the previous details only. Valid changeof bank mandate requests with supporting documents will be processedwithin ten days of documents reaching the head ofce of the Registrar andany nancial transaction request received in the interim will be carried withprevious details only.

5. Investment and Payment Details:

a. Investors should ll in the desired Option clearly in the space provided inthe application form. In case the investor does not ll in the desired Optionproperly and clearly or in the case of incomplete details, lack of clarity orambiguity, the default option will be considered and applied. The Fund willnot entertain any request from Unit Holders for a change in Option after theapplication is accepted.

b. Payments by cash, stock invests, credit cards, post-dated cheques outstationcheques and post-dated account-to-account transfer instructions to creditthe Designated Account will not be accepted.

c. Investors residing in locations where Investor Service Centres or CollectionCentres are not located are requested to make payment by demand drafts.Demand draft charges for such investors will be borne by the AMC, subjectto the standard demand draft charges, as charged by the State Bank of India,and the investors attaching proof of the charges.

d. The cheque or demand draft should be payable locally at the centre where theapplication is deposited, and should be drawn on any bank that is a memberof the Bankers Clearing House.

e. The cheque or demand draft should be drawn in favour of the Scheme Name,as mentioned in the appliction form, and should be crossed Account PayeeOnly.

f. A separate cheque should be given for each separate investment in a differentscheme or option.

g. It is mandatory for NRIs to attach a copy of the payment cheque / FIRC / DebitCerticate to ascertain the repatriation status of the amount invested. NRIApplicants should also clearly tick on account type as NRE or NRO or FCNRto determine the repatriation status of the investment amount. The AMC andthe registrar may ascertain the repatriation status purely based on the detailsprovided in the NFO form under Investment and Payment details and will notbe liable for any incorrect information provided by the applicants. Applicantswill have to coordinate with their authorized dealers and banks to repatriatethe investment amount as and when needed.

h. It is mandatory for NRIs to attach a copy of the payment cheque / FIRC / DebitCerticate to ascertain the repatriation status of the amount invested. NRIApplicants should also clearly tick on account type as NRE or NRO or FCNR todetermine the repatriation status of the investment amount. The AMC and theRegistrar may ascertain the repatriation status purely based on the detailsprovided in the NFO form under Investment and Payment details and will notbe liable for any incorrect information provided by the applicants. Applicantswill have to coordinate with their authorized dealers and banks to repatriatethe investment amount as and when needed.

i. Third Party Payment Avoidance & additional documents/declarationrequired: To safeguard the interests of applicant/investors and avoidfraudulent transactions in any other name, the mutual fund does not acceptThird Party Payments. A payment towards mutual fund subscription bycheque/DD/RTGS/NEFT or any mode whatsoever is deemed as a ThirdParty payment, if payment is issued from a bank account other than that ofthe beneciary investor. The rst holder of the mutual fund folio has to beone of the joint holders of the bank account from which payment is madevia cheque/Demand Draft (DD)/Funds transfer/RTGS/NEFT. Therefore, itis important for investors to mention the bank account number, bank name& branch address from where the payment is issued and the same shouldmatch with details on payment cheque/document (where applicable).Where the payment instrument/advice does not mention the bank accountholders name/s, investor should attach bank pass book copy/bank statement/bank letter to substantiate that the rst unit holder is one of the joint holdersof the bank account. Where a payment is through a DD, a bank certicationof bank account and account holders name of the bank account used for DDissuance should be attached, in the required format.In specic exceptional situations where Third Party payment is permitted likei. Payment by Parents / Grand-Parents / Related persons on behalf of a minor(other than registered guardian) in consideration of natural love and affectionor as gift for value not exceeding Rs 50,000 for each purchase, ii. Payment


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by an Employer on behalf of Employee under Systematic Investment Plansthrough Payroll deductions or iii. Custodian on behalf of an FII or a client,iv Payment by Asset Management Company to a Distributor empanelled withit on account of commission/incentive etc. in the form of the Mutual FundUnits of the Funds managed by the AMC through Systematic InvestmentPlans or lump sum / one-time subscription, subject to compliance withSEBI Regulations and Guidelines issued by AMFI, from time to time. KYC ofthe investor and the KYC of the person making the payment is mandatoryirrespective of amount. Additionally, a joint declaration is also required to besubmitted. Investors are advised to visit www.dspblacrock.com > KnowledgeCentre for more details, including declaration format or approach any of theofces of the fund.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 anddeclaration, as applicable to respective investors and transactions, are notattached or are insufcient. In case the funds are transferred to the mutualfund account prior to the application rejection, then amount transferredmay not be refunded or redeemed unless the investor establishes KYC withadditional documentation.Investors are advised to visit www.dspblackrock.com > Knowledge Centre formore details, including declaration format or approach any of the ofces ofthe fund.Investor are strongly advised to avail Multiple Bank Accounts Registrationfacility and register their various bank accounts with the fund and avoidsubmitting additional documents every time.

j. Returned cheques are liable not to be presented again for collection, and the

accompanying application could also be rejected. In case returned chequesare presented, the necessary charges including returned charges may bedebited to the investor.

k. To safeguard the interests of applicant/investors and avoid fraudulenttransactions in any other name, it is important for investors to mention thebank account number, bank name & branch address from where the paymentinstrument or funds transfer is issued and the same should match withdetails on payment cheque (where applicable). The AMC reserves a right toreject the transaction if such payment details are not mentioned and/or donot match.

l. Switch upon Maturity: Unit holder may note that an additional option of switchupon maturity is provided by the Mutual Fund, whereby Unit holder can switchthe entire proceeds (other than dividend) upon maturity to any other schemeof the Mutual Fund by lling in the relevant portion of the KIM at the time ofinvestment. In this case, on maturity the entire proceeds will be invested inthe switch-in scheme as notied by the Unit holder, at the applicable NAV forswitch-in scheme. Unit holders are requested to carefully read the SchemeInformation Document of the relevant switch-in scheme before exercisingthis option. This option/facility shall not be applicable for Units held in dematform.

m. Investor may note that dividend proceeds will be paid out to the invetsors only,as there is no re-investment option under the said scheme

6. Nomination Details

a. Nomination can be made only by individuals applying for / holding Units ontheir own behalf singly or jointly. Non-individuals (including societies, trusts,bodies corporate, partnership rms, etc.), Kartas of Hindu Undivided Families(HUF) and holders of Power of Attorney cannot nominate. If Units are held

jointly, all joint holders should sign the Nomination Form. Nomination cannotbe made in folio held on behalf of minor.

b. A minor can be nominated, and in that event, the name and address ofthe guardian of the minor nominee shall be provided by the Unit Holder.Nomination can also be in favour of the Central Government, StateGovernment, a local authority, any person designated by virtue of his/herofce, 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 rm, Karta of HUF or a Power of Attorneyholder. An NRI can be a nominee, subject to the exchange controls in forcefrom time to time.

d. Nomination in respect of Units stands rescinded upon redemption of theUnits.

e. Transfer of Units in favour of a nominee(s) shall be valid discharge by the AMCagainst the legal heir.

f. Cancellation of nomination can be made only by those individuals whohold Units on their own behalf singly or jointly and who made the originalnomination.

g. On cancellation of the nomination, the nomination shall stand rescinded andthe AMC shall not be under any obligation to transfer the Units in favour of thenominee(s).

h. The rights in the Units will vest in the nominee(s) only upon the death of allUnit 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 multiplenominees should clearly specify the percentages to be allocated between thenominees. If no percentages are mentioned, nomination will be done equallyfor all the nominees.

j. Nomination will be made at the folio or account level and willbe applicable for all investments in the folio or account.

k. If the Units are held jointly, all joint unit holders will be required to signthe nomination form irrespective of the mode of holding being Anyone orSurvivor or Joint. Nomination form cannot be signed by Power of attorney(PoA) holders.

l. A new nomination request will imply simultaneous cancellation of existingnomination and request for fresh nomination.

m. Applicants who do not wish to nominate, must sign at the designated spacein the application form conrming their non-intention to nominate, failingwhich the form may be rejected at the discretion of the AMC/Mutual Fund.

7. Other Facilities / Email Communication

a. Account statements, newsletters, annual reports and other kinds ofcommunication can be sent efciently via email, as provided for in theapplication form; hence applicants are encouraged to provide their emailaddress in the application form.

b. Account statements, newsletter, annual reports and other kinds ofcommunication will be sent through email only instead of physical, forinvestors who provide their email address on the application form. Shouldthey wish to have a hard copy, they are requested to send an email to [email protected].

c. It is deemed that the Unit Holder is aware of all the security risks associatedwith online communication, including possible third-party interception ofdocuments sent via email.

8. Dematerialization

Investors are given an option to hold Units by way of an Account Statement(physical form) or in Dematerialized (demat) form. Unit holders opting tohold the Units in demat form must provide their Demat account details inthe specied section of the application form. Unit holders intending to holdthe Units in Demat form are required to have a beneciary account with theDepository Participant (DP) registered with NSDL/CDSL and will be requiredto indicate in the application form, the DPs name, DP ID number and thebeneciary account number of the Unit holder with the DP.

In case Unit holders do not provide their Demat account details or provideincomplete details or the details do not match with the records as perDepository(ies), an account statement shall be sent to them. Such investorswill not be able to trade on the stock exchange till the holdings are convertedin to Demat form.

Unit holder who so desires to hold the Units in a demat form at a later date,will be required to have a beneciary account with a DP of NSDL/CDSL andwill have to submit the account statement alongwith a request form askingfor the conversion into demat form. This request is called a Demat RequestForm (DRF). Unit holder will be required to ll in a DRF in triplicate alongwiththe relevant details and submit the same to the Registrar alongwith theaccount statement to be dematerialized. The combination of names in theaccount statement must be same as that in the demat account.

Rematerialization of Units will be in accordance with the provisions of SEBI

(Depositories & Participants) Regulations, 1996 as may be amended fromtime.

9. Declaration & Signatures

a. Signature(s) should be in English or in any of the Indian languages speciedin the Eighth Schedule of the Constitution of India.

b. Thumb impressions and signatures in languages not specied in the EighthSchedule of the Constitution of India should be attested by a magistrate or aNotary Public or a special Executive Magistrate under his/her ofcial seal.

c. Applications by minors should be signed by their guardians. In the case of anHUF, the Karta should sign on behalf of the HUF.

d. Authorised ofcials should sign the form under their ofcial designation andcompany seal. A list of specimen signatures of the authorised ofcials, dulycertied and attested, should also be attached to the application form. Inthe case of a trust fund, a resolution from the trustee(s) authorising suchpurchase or investment should be submitted.

10. Further, investors may please note that the Fund/ AMC and its empanelledbrokers has not given and shall not give any indicative portfolio and indicativeyield in any communication, in any manner whatsoever. Investors are advisednot to rely on any communication regarding indicative yield/ portfolio with


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List of Official Points of Acceptance of Transactions*

DSP BlackRock Investment Managers Private Limited - Investor Service Centres

(for Non ASBA Applications)

Submission of ASBA Application FormASBA Application forms should be submitted by the investors at their bank branch where they hold the bank account. Investors are requested to checkwith their respective bank on the availability of ASBA facility.

Ahmedabad 3rd Eye one, Office No 301, 3rd Floor, Opposite Havmor Restaurant, CG Road, Ahmedabad - 380006Bengaluru HM Geneva House, 1st Floor, Office No 104 to 107, # 14 Cunningham Road, Bangalore 560052Bhopal Star Arcade, 3rd Floor, Office No. 302, Plot No. 165-A, 166, Zone-1, M.P. Nagar, Bhopal - 462011.Bhubneshwar Lotus House, Office premises No. 3, 2nd Floor, Plot No. 108 A, Kharvel Nagar, Unit III, Master Canteen Square, Bhubneshwar 751001.Chandigarh SCO 2471 72, 1st Floor, Sector 22 C, Chandigarh 160022..Chennai SPS Building No 185, 1st Floor, Anna Salai, Chennai - 600002.

Coimbatore Tristar Towers, 1st Floor, East Wing, 657, Avinashi Road, Coimbatore - 641037.Goa Mathias Plaza, 4th Floor, 18 th June Road, Panjim ,Goa - 403001.Guwahati Mayur Gardens, Shop No-5, Upper Ground floor, G S Road, Guwahati - 781005.Hyderabad Mahavir Chambers, 1st Floor, Office No 103, Liberty Junction, Hyderabad - 500029.Indore Starlit Tower, Office No 206, 2nd Floor, 29/1, Y N Road, Indore - 452001.Jaipur Green House, Office No 201-204, O-15, Ashok Marg, C Scheme, Jaipur - 302001.Jamshedpur ShantiNiketan, 2nd Floor, Main Road, P.O Bistupur, Jamshedpur - 831001Jodhpur Keshav Bhawan, Ground Floor, Office No 2, 9th Chopasni Road, Near HDFC Bank, Jodhpur 342003.Kanpur Kan Chambers, Office No 701-703, 7th Floor, 14/113, Civil Lines, Kanpur 208001.Kochi Office No 40 / 1045 H1, 6th Floor, Amrithaa Towers, M G Road, Kochi - 682001Kolkata Shagun Mall Building, 4th Floor, 10 A Shakespeare Sarani , 4th Floor , Kolkata-700 071Lucknow Speed Motors Building, 3rd Floor, 3 Shanazaf Road, Hazratganj, Lucknow - 226001.Ludhiana SCO-32, Regalia Heights, Ground Floor, Feroze Gandhi Market, Pakhowal Road, Ludhiana - 141001.Mangalore Maximus Commercial Complex, Office No UGI- 5, Light House Hill Road, Mangalore - 575001.Mumbai - Head Office 10th Floor, Mafatlal Centre, Nariman Point, Mumbai 400 021.

Mumbai - Andheri 302, 3rd Floor, Natraj, M.V. Road Junction, Western Express Highway, Andheri East, Mumbai 400 069.Nagpur Milestone, Office No. 108 & 109, 1st Floor, Ramdas Peth, Wardha Road, Nagpur - 440010.Nashik Bedmuthas Navkar Heights, Office No 1 & 2, 3rd Floor, New Pandit Colony, Sharanpur Road, Nasik - 422002.New Delhi Dr Gopal Das Bhavan, Upper Ground Floor, Barakhamba Road, New Delhi - 110001.Patna Dukhan Ram Plaza, Office No 304, 3rd Floor, Exhibition Road, Patna - 800001.Pune City Mall, 1st Floor, Unit # 109 (A, B, C), University Square, University Road, Pune 411016..Rajkot Hem Arcade, Office No 303, Opposite Swami Vivekanand Statue, Dr Yagnik Road, Rajkot - 360001.Raipur Millennium Plaza, Office. 21, 3rd Floor, Behind Indian Coffee House, G.E. Road, Raipur - 492001.Surat International Trade Centre, Office No G-28, Majura Gate Crossing, Ring Road, Surat - 395002.Trivandrum Menathotam Chambers, TC-2442(7), Pattom PO, Thiruvanathapuram 695004Vadodara Sakar, Office No 402, Opp ABS Tower, Old Padra Road, Vadodara - 390007.Vishakapatnam Eswar Arcade, Cabin No.11, 1st Floor, 47-11-1/5, Dwarka Nagar, 1 Lane, Vishakapatnam - 530016.


19/19

DSP HMK HOLDINGS PVT. LTD.and

DSP ADIKO HOLDINGS PVT. LTD.

(Collectively)1103, Stock Exchange Towers,

Dalal Street, Fort,

Mumbai - 400 023.

Tel.: 022-2272 2731

Fax: 022-2272 2753

DSP BlackRock

Investment Managers Pvt. Ltd.

Mafatlal Center, 10th Floor,Nariman Point

Mumbai - 400 021

Tel: 022- 6657 8000

Fax: 022-6657 8181

DSP BlackRock Trustee

Company Pvt. Ltd.

Mafatlal Center,10th Floor,

Nariman Point

Mumbai - 400 021

Tel: 022- 6657 8000

Fax: 022-6657 8181

Computer Age ManagementServices Pvt. Ltd.

Rayala Towers, Tower I,

3rd Floor, 158 Anna Salai,

Chennai - 600 002.Tel: 044-2852 1596 / 0516

Fax: 044-4203 2952

AUDITORS TO THE MUTUAL FUND

S.R. Batliboi & Co.

6th Floor, Express Towers

Nariman Point,

Mumbai 400 021

Tel No : 022 6657 9200Fax No :022 6657 6401

Citibank, N.A.

Securities and Fund Services

(SFS), GTS India Trent House,

3rd Floor, Bandra,

Kurla Complex, Bandra (E),Mumbai 400 051

Tel: 022-4029 6227

Fax: 022-2653 2205 / 2348

ASSET MANAGEMENT COMPANY

BlackRock Inc.

40 East 52nd Street,

New York, NY 10022, USA.

SPONSOR

TRUSTEE

CUSTODIAN REGISTRAR

SPONSOR