DSP BlackRock Tax Saver Fund

DSP BlackRock Tax Saver Fund

December 2016

This open ended Equity Linked Savings Scheme is suitable for investorswho are seeking* :

Long-term capital growth with a three year lock-inInvestment in equity and equity-related securities to form a diversified portfolio

*Investors should consult their financial /tax advisors if in doubt about whether the Scheme is suitable forthem.

Why Equities?

Equities Have Created Investor Wealth

3

Source: Bloomberg, Internal | The figures mentioned are for illustration purpose only, it does not indicate performance of any of the schemes of DSP BlackRock Mutual Fund

INR 100,000

INR 2,664,359

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

Jan-91 Sep-92 Jun-94 Mar-96 Nov-97 Aug-99 May-01 Jan-03 Oct-04 Jul-06 Mar-08 Dec-09 Sep-11 May-13 Feb-15 Oct-16

BSE Sensex

20 Year CAGR: 11.5%

15 Year CAGR: 16.1%

10 Year CAGR: 8.0%

100

15

0

20

40

60

80

100

120


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Inflation Erodes Purchasing Power

4

Over 91-16YTD, average CPI Inflation has been 7.52%

Source: Bloomberg & Motilal Oswal | Data as on Oct 2016

771

127140

0

100

200

300

400

500

600

700

800

900

1,000


Rea

l val

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f Rs.

100

BSE Sensex Fixed Deposit Public Provident Fund

Equities Enhance Purchasing Power

5

Source: Bloomberg & Motilal Oswal | Data as on Oct 2016 | Information used is for illustrative purposes and should not be construed as an investment advice


Tax SavingUnder Section 80 (C)*

TimeLonger holding periodCompounding effect

Potential for Superior Returns

+Fund Manager Flexibility

In exposuresAcross market cap

Liquidity+

* Deduction of up to Rs. 1,50,000/- from total income in a financial year, as per current Income Tax laws

A disciplined approach to investing

ELSS advantage over general equity schemes

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Benefits of DSP BlackRock Tax Saver Fund

Long-term benefits of equity investing Equities could give superior returns among all asset classes over the long term

ELSS usually outperforms most other tax-deductible savings methods

Lock-in allows investors to realize the full potential of equity growth

The fund manager can optimize returns without short term cash flow constraints

Tax-efficient Tax savings

DSP BlackRock Tax Saver Fund has a track record of consistent performance1

Active Management Despite the three-year lock in, the fund manager manages the portfolio just like any open-ended scheme

• A buy-and-hold view for the majority of the portfolio to realize long-term capital appreciation

• Active and tactical calls to capitalize on market trends and opportunities

This enables the fund to tackle volatility in the medium to short term time-horizon as well

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1 For scheme performance in SEBI prescribed format refer slide no. 12

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Rationale for Active Management - Sector Divergence & Stock Divergence

Source: Bloomberg as on November 30, 2016

50

28

147 7 6 6 2 2

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1 Year Sectoral performance (%)

79

3923 21 15 14 14 12 9 7 6 2 2 2 2 1 1 1

0 -1 -2 -5 -5 -5 -6 -9 -12 -14 -15 -18 -21

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1 Year Stock performance (%)

Jan-07 Feb-08 Mar-09 Apr-10 May-11 Jun-12 Jul-13 Aug-14 Sep-15 Oct-16

10

Save tax on investments of up to INR 1.5 lakh* each

year

An actively managed well-diversified portfolio with exposure across market

capitalizations

Three year lock-in enables participation in the long term growth potential of

equity markets

Long-term track record1

both in absolute terms and relative to its

benchmark, since its inception in 2007

Why should you invest in DSP BlackRock Tax Saver Fund?

WHY INVEST

NAV values are normalized to the base 100 for purpose of comparison. NAV Movement shown is for Regular-Growth option.Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

DSPBR TAX SAVER FUND

NIFTY 500 INDEX

Rs.100 invested

Rs.388 earned

Rs.219 earned

LONG TERM PERFORMANCE

* Deduction of up to Rs. 1,50,000/- from total income in a financial year, as per current Income Tax laws | DSPBR means DSP BlackRock | Data as on October 20161 For scheme performance in SEBI prescribed format refer slide no. 12

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LARGE CAP

69.2% MICRO CAP5.8%

MID CAP8.3%

SMALL CAP12.0%

DSP BlackRock Tax Saver Fund - Portfolio

TOP SECTORS %

Banks 21.94%

Pharmaceuticals 9.75%

Software 9.49%

Auto 7.64%

Petroleum Products 6.10%

Non - Ferrous Metals 5.04%

Construction Project 4.45%

Cement 4.13%

Construction 3.15%

Industrial Products 3.06%

TOP 10 HOLDINGS %

State Bank of India 7.33%

HDFC Bank Limited 4.12%

Infosys Limited 4.01%

Tata Motors Limited 3.95%

Larsen & Toubro Limited 3.24%

Lupin Limited 3.15%

Sun Pharmaceuticals Industries Limited 3.09%

Hindalco Industries Limited 3.08%

ICICI Bank Limited 2.90%

Tech Mahindra Limited 2.87%

MARKET CAP* EXPOSURE

Data as on November 30, 2016 | Reference to the names of each company mentioned is merely for explaining the investment strategy, and should not be construed as investment advice or investment recommendation of those companies. *The Market Capitalisation considered for the above classification is as follows: 1. Large-Cap - securities ranked by market cap between 1 to 100, 2. Mid-Cap - securities ranked by market cap between 101 to 200, 3. Small-Cap - securities ranked by market cap between 201 to 300, 4. Micro-Cap - securities ranked by market cap above 300

Large

Mid

Small

Growth Blend Value

Diversified

Fund Performance

^^Since inception of DSPBR Tax Saver Fund (January 18, 2007)** Performance as on 30 September 2016^Scheme Benchmark. ~Standard Benchmark. *Based on investment of Rs. 10,000 made at inception. All returns are for Regular Plan - Growth Option. Returns less than one year are in absolute terms and greater than oneyear are in CAGR terms1Since inception returns have been calculated from the date of allotment till 30 September 2016.Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

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DSP BlackRock Tax Saver Fund NIFTY 500^ Nifty 50 Index~

Period Returns (%) Value (INR)* Returns (%) Value (INR)* Returns (%) Value (INR)*

30 Sep 2015 to 30 Sep 2016 20.45% 11.27% 8.33%

30 Sep 2014 to 30 Sep 2015 10.26% 3.59% -0.20%

30 Sep 2013 to 30 Sep 2014 60.06% 46.08% 38.87%

Since Inception1 (18-Jan-07) (CAGR) 14.76% 38,049 8.28% 21,653 7.92% 20,957

NAV/Index Value ( as of 30-Sep-16) 38.0490 7,394.85 8,611.15

RETURNS IN SEBI PRESCRIBED FORMAT**

Absolute Performance

Calendar Year returns 2015 2014 2013 2012 2011 2010 2009 2008 2007^^

DSP BlackRock Tax Saver Fund 4.4% 52.2% 6.7% 39.8% -26.7% 23.3% 84.2% -56.7% 87.7%

NIFTY 500 Index -0.7% 37.8% 3.6% 31.8% -27.2% 14.1% 88.6% -57.1% 56.8%

Periodic returns (as on 28-Oct-16) 1M 3M 6M YTD 1Y 3Y 5Y 10Y Since Inception^^

DSP BlackRock Tax Saver Fund 0.4% 5.6% 21.0% 20.6% 27.1% 20.1% 23.2% 20.7% 14.8%

NIFTY 500 Index -0.3% 2.1% 13.8% 9.7% 17.2% 12.1% 18.1% 11.4% 8.4%

Fund Performance

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SIP RETURNS**

Since Inception1 15 Years 12 Years 10 Years 8 Years 5 Years 3 Years 1 Year

Total Amount Invested (Rs ’000) 1,170.00 -- -- -- 960.0 600.0 360.0 120.0

Market Value of DSPBR Tax Saver Fund (Rs ’000) 2,758.91 -- -- -- 2,104.60 1,046.10 494.87 140.11

Market Value of NIFTY 500 Index^ (Rs ’000) 1,990.89 -- -- -- 1,578.70 845.09 430.82 132.05

Market Value of Nifty 50 Index~ (Rs ’000) 1,868.02 -- -- -- 1,471.98 787.46 407.23 129.33

Return Yield of DSPBR Tax Saver Fund 16.81 -- -- -- 19.06 22.41 21.80 32.45

Return Yield of NIFTY 500 Index^ 10.53 -- -- -- 12.13 13.67 12.02 19.12

Return Yield of Nifty 50 Index~ 9.29 -- -- -- 10.44 10.82 8.17 14.72

^Scheme Benchmark. ~Standard Benchmark** SIP investment performance as on 30 September 2016 | All values are for Regular Plan – Growth Option1 Since Inception date of January 18, 2007All returns are for Regular Plan - Growth Option. All returns are in CAGR terms.Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

This is how your investment would have grown if you had invested Rs. 10,000/- systematically on the first business day of every month over a period of time

Dividend history since Inception

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Record Date Dividend per unit (Rs.) Dividend yield NAV (Rs.)

18-Nov-16 0.40 2.6% 15.298

19-Aug-16 0.40 2.5% 16.303

20-May-16 0.45 3.1% 14.480

12-Feb-16 0.45 3.3% 13.726

20-Nov-15 0.45 3.0% 15.026

21-Aug-15 0.50 3.1% 16.373

15-May-15 0.45 2.9% 15.297

13-Feb-15 1.90 10.5% 18.123

14-Feb-14 1.25 10.2% 12.234

Dividend declared at face value of Rs.10 per unit for DSP BlackRock Tax Saver Fund – Regular Plan . For complete list of dividends, visit www.dspblackrock.com. Pursuant to payments of dividend, the NAV of the Schemes would fall to the extent of payout, and statutory levy, if any.Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.

The fund has a consistent long-term dividend payout track record

http://www.dspblackrock.com/�

Summary of features

Scheme name DSP BlackRock Tax Saver Fund

Nature of the fund Open ended Equity Linked Savings scheme

Fund Manager Rohit Singhania

Investment Objective

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

Asset Allocation Equity & equity related securities : 80% - 100% Fixed income securities (Debt securities, Securitised debt & Money market securities): 0% - 20%

Inception Jan 18, 2007 (Regular Plan) Jan 01, 2013 (Direct Plan)

AUM Rs. 1,458 Cr

Benchmark NIFTY 500 Index

Plans Regular Plan Direct Plan

Options Growth Dividend (Payout)

Minimum investment & Additional Purchase

Regular Plan & Direct Plan: Rs. 500 and any amount thereafter Systematic Investment Plan: Rs. 500 (Minimum 12 installments)

Exit Load Not Applicable

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Data as on November 30, 2016

Performance of other schemes managed by Rohit Singhania

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^Scheme benchmark | #Standard benchmark |*Based on investment of Rs. 10,000 made at inception | All returns are for Regular Plan - Growth Option. Since inception returns have been calculated from the date of allotment till 30 Sep 2016. In case of allotment date is a non-business day, the Benchmark returns are computed using the latest available benchmark value on the allotment date. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. | All returns are in absolute terms unless specifically mentioned.

FUND MANAGER – Rohit Singhania FUND MANAGER – Rohit Singhania

FUND MANAGER – Rohit Singhania, Jay Kothari

DSPBR Opportunities Fund NIFTY 500^ NIFTY 50#

Period Returns (%) Value (INR)* Returns (%)Value (INR)*

Returns (%)

Value (INR)*

30 Sep 2015 to 30 Sep 2016 19.78% 11.27% 8.33%

30 Sep 2014 to 30 Sep 2015 11.72% 3.59% -0.20%

30 Sep 2013 to 30 Sep 2014 50.73% 46.08% 38.87%

Since Inception (CAGR) 19.07% 174,667 13.42% 78,771 12.19% 65,892NAV/Index Value ( as of 30-Sep-16) 174.6670 7,394.85 8,611.15

Date of Allotment May 16, 2000

DSPBR India T.I.G.E.R. Fund S&P BSE 100^ NIFTY 50#


Returns (%)

Value (INR)*

30 Sep 2015 to 30 Sep 2016 11.82% 9.73% 8.33%

30 Sep 2014 to 30 Sep 2015 12.77% 0.77% -0.20%

30 Sep 2013 to 30 Sep 2014 67.55% 40.05% 38.87%

Since Inception (CAGR) 17.08% 75,153 15.56% 78,771 15.20%% 57,086NAV/Index Value ( as of 30-Sep-16) 75.153 8,863.71 8,611.15

Date of Allotment Jun 11, 2004

DSPBR NRNE Fund*Composite

Benchmark^ NIFTY 50#


Returns (%)

Value (INR)*

30 Sep 2015 to 30 Sep 2016 47.72% 27.04% 8.33%

30 Sep 2014 to 30 Sep 2015 -8.72% -28.59% -0.20%

30 Sep 2013 to 30 Sep 2014 61.21% 19.39% 38.87%

Since Inception (CAGR) 11.05% 24,208 0.08% 10,065 6.38% 16,846NAV/Index Value ( as of 30-Sep-16) 24.2080 100.65 8,611.15

Date of Allotment Apr 25, 2008

* DSP BlackRock Natural Resources and New Energy Fund | (Composite Benchmark = 35% S&P BSE Oil & Gas Index, 30% S&P BSE Metal Index, 35% MSCI World Energy 10/40 Net Total Return - Net & Expressed in INR; Normalised Values)

Product labeling details of certain Equity Schemes

Scheme Product Suitability Riskometer


The Scheme is suitable for investors seeking*

Long-term capital growth with a three-year lock-inInvestment in equity and equity-related securities to form a diversified portfolio

DSP BlackRock Opportunities Fund


Long-term capital growthInvestment in equity and equity-related securities to form a diversified portfolio

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


Long-term capital growthInvestment in equity and equity-related securities of corporates, which could benefit from structural changes brought about by continuing liberalization in economic policies by the Government and/or from continuing Investments in infrastructure, both by the public and private sector

DSP BlackRock Natural Resources and New Energy Fund


Income over a medium-term investment horizonInvestment in equity and equity-related securities of natural resources companies in sectors like mining, energy, etc. and companies involved in alternative energy and energy technology and also, investment in units of overseas funds which invest in such companies overseas

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*Investors should consult their financial/tax advisors if in doubt about whether the scheme is suitable for them.

Disclaimers

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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 theaccuracy, reasonableness and / or completeness of any information. The data/statistics are given to explain general market trends in the securities market, itshould not be construed as any research report/research recommendation. We have included statements / opinions / recommendations in thisdocument, 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 uncertaintiesassociated with our expectations with respect to, but not limited to, exposure to market risks, general economic and political conditions in India and othercountries globally, which have an impact on our services and / or investments, the monetary and interest policies of India, inflation, deflation, unanticipatedturbulence 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 Fundmay or may not have any future position in these sector(s)/stock(s)/issuer(s). The portfolio of the scheme is subject to changes within the provisions ofthe Scheme Information document of the scheme. Please refer to the SID for investment pattern, strategy and risk factors which is available atwww.dspblackrock.com. Past performance may or may not be sustained in the future.

All figures and other data given in this document are as on November 30, 2016 (unless otherwise specified) and the same may or may not be relevant in futureand the same should not be considered as solicitation/ recommendation/guarantee of future investments by DSP BlackRock Investment Managers Pvt. Ltd. orits affiliates. Investors are advised to consult their own legal, tax and financial advisors to determine possible tax, legal and other financial implication orconsequence of subscribing to the units of DSP BlackRock Mutual Fund.

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

DSP BlackRock Tax Saver Fund (‘DSPBRTSF’), which are benchmarked to the Nifty 500 Index, are not sponsored, endorsed, sold or promoted by India IndexServices & products Limited (IISL). IISL is not responsible for any errors or omissions or the results obtained from the use of such index and in no event shallIISL have any liability to any party for any damages of whatsoever nature (including lost profits) resulted to such party due to purchase or sale or otherwise, ofDSPBRTSF marked to such index.

The S&P BSE 100, S&P BSE 200, S&P BSE 500, S&P BSE Small Cap, & S&P BSE Midcap are product of Asia Index Private Limited, which is a joint ventureof S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and BSE, and has been licensed for use by DSP BlackRock Investment Managers Pvt. Ltd. Standard& Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); BSE® is a registered trademark of BSE Limited (“BSE”);and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). © Asia Index Private Limited 2014. All rights reserved.

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

Economy & Finance

DSP BlackRock Tax Saver Fund