SCHEME INFORMATION DOCUMENT

DSP US Treasury Fund of Fund

An open ended fund of funds scheme investing in units of ETFs and/or Funds focused on US Treasury
Bonds

This scheme is suitable for investors who are seeking*

• Long term capital appreciation
• To generate income by investing in units of ETFs and/or Funds focused on US Treasury Bonds

* Investors should consult their financial advisers if in doubt about whether the Scheme is suitable
for them.
Riskometer#
Scheme Benchmark
S&P U.S. Treasury Bond Index

#(The product labelling assigned during the New Fund Offer is based on internal assessment of the
Scheme Characteristics or model portfolio and the same may vary post NFO when actual investments
are made)

Offer of Units of Rs. 10/- each during the New Fund Offer and Continuous offer for Units at NAV
based prices

New Fund Offer of:

DSP US Treasury Opens on: March 07, 2024 Closes on: March 13, 2024
Fund of Fund

Scheme re-opens for continuous sale and repurchase: Within five Business Days from the date of
allotment

Name of Mutual Fund DSP Mutual Fund

Name of Asset Management Company DSP Asset Managers Private Limited
CIN (U65990MH2021PTC362316)
Name of Trustee Company DSP Trustee Private Limited
CIN (U65991MH1996PTC100444)
Addresses of the entities Mafatlal Centre, 10th Floor, Nariman Point, Mumbai 40002
Website www.dspim.com
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The particulars of the Scheme have been prepared in accordance with the Securities and Exchange
Board of India (Mutual Funds) Regulations 1996, (herein after referred to as the SEBI (MF)
Regulations) as amended till date, and filed with SEBI along with a Due Diligence Certificate from the
AMC. The units being offered for public subscription have not been approved or recommended by
SEBI nor has SEBI certified the accuracy or adequacy of this Scheme Information Document (SID).

The Scheme Information Document sets forth concisely the information about the Scheme that a
prospective investor ought to know before investing. Before investing, investors should also
ascertain about any further changes after the date of this document from DSP Mutual Fund /Investor
Service Centres/Website/Distributors or Brokers.

The investors are advised to refer to the Statement of Additional Information (SAI) for details of DSP
Mutual Fund, Tax and Legal issues and general information on www.dspim.com.

SAI is incorporated by reference (is legally a part of the Scheme Information Document). For a
free copy of the current SAI, please contact your nearest Investor Service Centre or log on to our
website.

The Scheme Information Document should be read in conjunction with the SAI and not in
isolation.

This SID is dated February 26, 2024

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 TABLE OF CONTENTS

HIGHLIGHTS/SUMMARY OF THE SCHEME __________________________________________________ 4

SECTION I. INTRODUCTION ____________________________________________________________ 6
A. RISK FACTORS __________________________________________________________________ 6
B. RISK MANAGEMENT STRATEGIES ___________________________________________________ 14
C. REQUIREMENT OF MINIMUM INVESTORS IN THE SCHEME _________________________________ 16
D. SPECIAL CONSIDERATIONS ________________________________________________________ 16
E. DUE DILIGENCE BY THE AMC ______________________________________________________ 23
SECTION II - INFORMATION ABOUT THE SCHEME ___________________________________________ 24
A. TYPE OF THE SCHEME _________________________________________________________________ 24
B. WHAT IS THE INVESTMENT OBJECTIVE OF THE SCHEME? ____________________________________ 24
C. HOW WILL THE SCHEME ALLOCATE ITS ASSETS? ___________________________________________ 24
D. WHERE WILL THE SCHEME INVEST? ______________________________________________________ 26
E. WHAT ARE THE INVESTMENT STRATEGIES? ________________________________________________ 33
F. FUNDAMENTAL ATTRIBUTES ____________________________________________________________ 34
G. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE? ___________________________________ 34
H. WHO WILL MANAGE THE SCHEME? _______________________________________________________ 35
I. WHAT ARE THE INVESTMENT RESTRICTIONS? ______________________________________________ 35
J. HOW HAS THE SCHEME PERFORMED? _____________________________________________________ 37
K. INVESTMENT BY THE AMC: _________________________________________________________ 38
L. HOW IS THE SCHEME DIFFERENT FROM THE EXISTING FUND OF FUNDS SCHEMES OF THE MUTUAL
FUND? _____________________________________________________________________________ 38
SECTION III - UNITS AND OFFER ________________________________________________________ 43
A. NEW FUND OFFER (NFO) _______________________________________________________________ 43
B. ONGOING OFFER DETAILS ______________________________________________________________ 55
C. PERIODIC DISCLOSURES ________________________________________________________________ 74
D. COMPUTATION OF NAV ________________________________________________________________ 85
SECTION IV. FEES AND EXPENSES __________________________________________________________ 87
A. NFO EXPENSE ________________________________________________________________________ 87
B. ANNUAL SCHEME RECURRING EXPENSES __________________________________________________ 87
C. LOAD STRUCTURE ____________________________________________________________________ 90
D. WAIVER OF LOAD FOR DIRECT APPLICATIONS _____________________________________________ 90
E. TRANSACTION CHARGE ________________________________________________________________ 91
F. STAMP DUTY ____________________________________________________________________ 91
SECTION V - RIGHTS OF UNITHOLDERS __________________________________________________ 91
SECTION VI - PENALTIES AND PENDING LITIGATION _________________________________________ 91

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HIGHLIGHTS/SUMMARY OF THE SCHEME
Name of the Scheme DSP US Treasury Fund of Fund
Scheme Category Fund of Fund
Type of Scheme An open ended fund of funds scheme investing in units of ETFs and/or
Funds focused on US Treasury Bonds
Scheme Code DSPM/O/O/FOO/24/01/0072)
Investment Objective The investment objective of the scheme is to generate income & long term
capital appreciation by investing in units of ETFs and/or Funds focused on
US Treasury Bonds.

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

achieved.
Liquidity Redemption or repurchase proceeds shall be dispatched to Unit Holders
within 5 working Days from the date of redemption or repurchase.

Investor may note that in case of exceptional scenarios as prescribed by

AMFI vide its communication no. AMFI/ 35P/ MEM-COR/ 74 / 2022-23 dated
January 16, 2023 read with Clause 14.1.3 of the SEBI Master Circular No.
SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 dated May 19, 2023 (‘SEBI Master
Circular’); the AMC may not be able to adhere with the timelines
prescribed above.

Benchmark Index S&P US Treasury Bond Index

Transparency/NAV The first NAV will be calculated and declared within 5 Business days from
Disclosure the date of allotment. Thereafter, the Mutual Fund shall declare the NAV
of the Scheme by 10 a.m. of the immediately succeeding Business Day on
AMFI’s website (www.amfiindia.com) and website of the AMC
(www.dspim.com). The information on NAVs of the Scheme/plans may be
obtained by the Unit Holders, on any day, by calling the office of the AMC
or any of the Investor Service Centres at various locations.

Latest available NAVs shall be available to unitholders through SMS, upon

receiving a specific request in this regard. NAV will be calculated and
declared on every Business Day, except in special circumstances described
under ‘Suspension of Sale and Redemption of Units’ in the SAI.

In case of delay, the reasons for such delay would be explained to AMFI in
writing. If the NAVs of the Scheme are not available before commencement
of business hours on the following day due to any reason, the Fund shall
issue a press release providing reasons for the delay and explaining when
the Fund would be able to publish the NAVs.

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

The AMC shall publish an advertisement every year disclosing the hosting of
the scheme wise annual report on their respective website and on the
website of AMFI and the modes such as SMS, telephone, email or written
request (letter) through which unitholders can submit a request for a
physical or electronic copy of the scheme wise annual report or abridged
summary thereof. Such advertisement shall be published in the all India
edition of at least two daily newspapers, one each in English and Hindi.

The AMC shall provide a physical copy of the statement of the Scheme
portfolio, without charging any cost, on specific request received from a
unitholder.
Loads Entry Load – Not Applicable
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 The upfront commission on investment made by the investor shall be paid
to the ARN Holder directly by the investor, based on the investor’s
assessment of various factors including service rendered by the ARN Holder.

Exit Load – NIL

Note: No exit load shall be levied In case of switch of investments from

Direct Plan to Regular Plan and vice versa.

However, the Trustee shall have a right to prescribe or modify the load
structure with prospective effect subject to a maximum prescribed under
the Regulations.
Minimum Application Rs. 100/- and any amount thereafter.
Amount
(First purchase and for Note: The minimum application amount will not be applicable for
subsequent purchase) investment made in the Scheme in line with SEBI guideliness on Alignment
of interest of Designated Employees of AMC.
Minimum installment Rs. 100/- and any amount thereafter.
amount for Systematic
Investment Plan (SIP)
Minimum installment Rs. 100/- and any amount thereafter.
amount for Systematic
Withdrawal Plan
(SWP)/Systematic
Transfer Plan (STP)
Plans under the Scheme • Regular Plan
• Direct Plan
The Plans under the Scheme will have common portfolio.
Options available under  Growth
each plans of the  Income Distribution cum Capital Withdrawal option (IDCW)
Scheme 1. Payout of Income Distribution cum Capital Withdrawal
(IDCW)
2. Reinvestment of Income Distribution cum Capital
Withdrawal (IDCW)

Default Option -
- Growth Option in case Growth Option or Income Distribution cum Capital
Withdrawal (IDCW) Option is not indicated.
- Payout sub-option in case Payout of IDCW Option or Reinvestment of IDCW
Option is not indicated.

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SECTION I. INTRODUCTION

A. RISK FACTORS

Standard Risk Factors:

- Investment in mutual fund Units involves investment risks such as trading volumes, settlement
risk, liquidity risk, default risk, including the possible loss of principal.
- As the price / value / interest rates of the securities in which the Scheme invest fluctuates,
the value of your investment in the Scheme may go up or down. In addition to the factors that
affect the value of individual investments in the Scheme, the NAV of the Scheme can be
expected to fluctuate with movements in the broader bond markets and may be influenced by
factors affecting capital and money markets in general, such as, but not limited to, changes in
interest rates, currency exchange rates, changes in Governmental policies, taxation, political,
economic or other developments and increased volatility in the stock and bond markets.
- Past performance of the Sponsor/AMC/Mutual Fund does not guarantee future performance of
the Scheme.
- The name of the Scheme does not in any manner indicate either the quality of the Scheme or
its future prospects and returns.
- The Sponsors are not responsible or liable for any loss resulting from the operation of the
Scheme beyond the initial contribution of Rs. 1 lakh made by it towards setting up the Mutual
Fund.
- The present Scheme is not a guaranteed or assured return Scheme.

Additional Risk Factors for Foreign Investors:

1. Political Risk

Investments in mutual fund Units in India may be materially adversely impacted by Indian politics and
changes in the political scenario in India either at the central, state or local level. Actions of the
central government or respective state governments in the future could have a significant effect on
the Indian economy, which could affect companies, general business and market conditions, prices and
yields of securities in which the Scheme invest.

The occurrence of selective unrest or external tensions could adversely affect the political and
economic stability of India and consequently have an impact on the securities in which the Scheme
invest. Delays or changes in the development of conducive policy frameworks could also have an
impact on the securities in which the Scheme invest.

2. Economic Risk

A slowdown in economic growth or macro-economic imbalances such as the increase in central and
state level fiscal deficits may adversely affect investments in the country. The underlying growth in
the economy is expected to have a direct impact on the volume of new investments in the country.

3. Foreign Currency Risk

The Scheme is denominated in Indian Rupees (INR) which is different from the home currency for
Foreign Investors in the mutual fund Units. The INR value of investments when translated into home
currency by Foreign Investors could be lower because of the currency movements. The AMC does not
manage currency risk for foreign investors and it is the sole responsibility of the Foreign Investors to
manage or reduce currency risk on their own. The Sponsor/Fund/Trustees/AMC are not liable for any
loss to Foreign Investors arising from such changes in exchange rates.

4. Convertibility and Transferability Risk

In the event capital and exchange controls are imposed by the government authorities, it would
prevent Foreign Investors’ ability to convert INR into home currency and/or transfer funds outside
India. The convertibility and transferability of INR proceeds into home currency is the responsibility of
the Foreign Investors.

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Scheme Specific Risk Factors

1. Risks associated with Overseas Securities:

Subject to necessary approvals, in terms of all applicable guidelines issued by SEBI and RBI from time
to time and within the investment objectives of the Schemes, the Schemes may invest in overseas
markets and securities which carry a risk on account of fluctuations in the foreign exchange rates,
nature of securities market of the country concerned, repatriation of capital due to exchange controls
and political circumstances. Further, the scheme may not be able to invest in overseas markets if
overseas limits as per RBI and SEBI circulars are exhausted at AMC or industry level which may
negatively impact the performance of the schemes.

i. Currency Risk: The scheme may invest in overseas securities and the income from those
securities may be quoted in currencies which are different from the schemes base currency.
The performance of the scheme may therefore be affected by movements in the exchange rate
between the currencies in which the assets are held and the schemes base currency and hence
there can be the prospect of additional loss or gain for the Unit Holder than what may be
normally derived from the assets in which the scheme invests. The performance of the scheme
fund may also be subject to exchange control regulations. Conversion into foreign currency or
transfer from some markets of proceeds received from the sale of securities cannot be
guaranteed. Exchange rate fluctuations may also occur between the trade date for a
transaction and the date on which the currency is acquired to meet settlement obligations.
Movements in currency exchange rates can adversely affect the return of your investment.

ii. Risks arising from exhaustion of overseas limits as per applicable SEBI and RBI circulars: The
schemes capability to invest in overseas securities is subject to the limits assigned by the SEBI
& RBI from time to time basis. In case of exhaustion of the limits to invest in overseas
securities is exhausted either at an individual Mutual Fund level or at Industry level or
otherwise as restricted by SEBI or RBI, the scheme may not be able to allocate and invest in
overseas securities and the AMC will suitably reallocate the proceeds to other investments as
permissible under the asset allocation specified in the scheme document.

2. Market Liquidity Risk

The liquidity of investments made in the Scheme may be restricted by trading volumes, settlement
periods and transfer procedures. Although the investment universe constitutes securities which will
have adequate market liquidity, there is a possibility that market liquidity could get impacted on
account of company/sector/general market related events and there could be a price impact on
account of portfolio rebalancing and/or liquidity demands on account of redemptions.

Delays or other problems in settlement of transactions could result in temporary periods when the
assets of the Scheme are un-invested and no return is earned thereon. The inability of the Scheme to
make intended securities purchases, due to settlement problems, could cause the Scheme to miss
certain investment opportunities. By the same token, the inability to sell securities held in the
Scheme's portfolio, due to the absence of a well- developed and liquid secondary market for debt
securities, would result at times, in potential losses to the Scheme, should there be a subsequent
decline in the value of securities held in the Scheme's portfolio.

3. Credit Risk

Fixed income securities (debt and money market securities) are subject to the risk of an issuer’s
inability to meet interest and principal payments on its debt obligations.

However the Scheme intends to invest in Sovereign rated securities and thus there should be minimal
credit risk.

4. Rating Migration Risk

Fixed income securities are exposed to rating migration risk, which could impact the price on account
of change in the credit rating. For example: One notch downgrade of a sovereign rated or AAA rated
issuer will have an adverse impact on the price of the security and vice-versa for an upgrade of a AA+
issuer.

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5. Interest Rate Risk

While Sovereign securities carry minimal credit risk since they are issued by the Government, they do
carry price risk depending upon the general level of interest rates prevailing from time to time.
Generally, when interest rates rise, prices of fixed income securities fall and when interest rates
decline, the prices of fixed income securities increase. The extent of fall or rise in the prices is a
function of the coupon rate, days to maturity and the increase or decrease in the level of interest
rates. The price-risk is not unique to Government securities. It exists for all fixed income securities.
Therefore, their prices tend to be influenced more by movement in interest rates in the financial
system than by changes in the Sovereign Credit Rating.

Common measure used to determine the price sensitivity for fixed income securities is called duration.
Securities with longer duration tends to be more sensitive to interest rate changes i.e. their prices are
more volatile than those securities with shorter duration. For example, the price of the security having
a duration of five years will decline by a greater percentage than the bond having a one year duration
when the interest rates rises. Thus when the Scheme invests a substantial portion in securities with
longer duration, any rise in the interest rates shall cause the value of the investments to decline
significantly, which would adversely affect the performance of the scheme. An movement in interest
rates may lead to heightened volatility and may adversely affect certain fixed-income investments,
including those held by the Scheme.

6. Term Structure of Interest Rates (TSIR) Risk

The NAV of the Scheme’s Units, will be affected by changes in the general level of interest rates.
When interest rates decline, the value of a portfolio of fixed income securities can be expected to
rise. Conversely, when interest rates rise, the value of a portfolio of fixed income securities can be
expected to decline.

7. Re-investment Risk

The investments made by the Scheme is subject to reinvestment risk. This risk refers to the interest
rate levels at which cash flows received from the securities in the Scheme is reinvested. The additional
income from reinvestment is the “interest on interest” component. The risk is that the rate at which
interim cash flows can be reinvested may be lower than that originally assumed.

8. Risk associated with floating rate securities

To the extent the Scheme's underlying investments are having exposure in floating rate debt
instruments or fixed debt instruments swapped for floating rate return, they will be affected by
Interest rate movement (Basis Risk) - Coupon rates on floating rate securities are reset periodically in
line with the benchmark index movement. Normally, the interest rate risk inherent in a floating rate
instrument is limited compared to a fixed rate instrument. Changes in the prevailing level of interest
rates will likely affect the value of the Scheme's holdings until the next reset date and thus the value
of the Scheme's Units. The value of securities held by the Scheme generally will vary inversely with
changes in prevailing interest rates. The Mutual Scheme could be exposed to interest rate risk (i) to
the extent of time gap in the resetting of the benchmark rates, and (ii) to the extent the benchmark
index fails to capture interest rate changes appropriately;
Spread Movement (Spread Risk) - Though the basis (i.e. benchmark) gets readjusted on a regular basis,
the spread (i.e. markup) over benchmark remains constant. This can result in some volatility to the
holding period return of floating rate instruments;

Settlement Risk (Counterparty Risk) - Specific floating rate assets may also be created by swapping a
fixed return into a floating rate return. In such a swap, there is the risk that the counterparty (who
will pay floating rate return and receive fixed rate return) may default;

Liquidity Risk: The market for floating rate securities is still in its evolutionary stage and therefore may
render the market illiquid from time to time, for such securities that the Scheme is invested in.
Floating rate securities issued by the Government (coupon linked to treasury bill benchmark or an
inflation linked bond) have lower sensitivity to interest rate movements compared to other fixed rate
securities.

9. Risk associated with investments in overseas mutual funds / ETFs / Index Funds:

8
 Subject to necessary approvals, in terms of all applicable guidelines issued by SEBI and RBI from time
to time and within the investment objectives of the Scheme, the Scheme may invest in overseas
ETFs/index funds which carry a risk on account of fluctuations in the foreign exchange rates, nature of
securities market of the country concerned, repatriation of capital due to exchange controls and
political circumstances. Further, the scheme may not be able to invest in overseas markets if overseas
limits as per RBI and SEBI circulars are exhausted at AMC or industry level which may negatively impact
the performance of the schemes. Risks related to investments in overseas ETFs/index funds include:

I. In addition to the recurring expenses of the Scheme, the Unit Holders shall also bear the applicable
expenses of the Underlying ETF/index fund. Therefore, the returns that the Unit Holder of the
Scheme may receive may be impacted or may, at times, be lower than the returns that a Unit
Holder, who is directly investing in the same Underlying ETF/index fund, could obtain.

II. Index-Related Risk. There is no guarantee that the underlying ETF’s/index funds investment results
will have a high degree of correlation to those of the Underlying Index or that the underlying
ETF/index fund will achieve its investment objective. Market disruptions and regulatory restrictions
could have an adverse effect on the underlying ETF’s/index funds ability to adjust its exposure to
the required levels in order to track the Underlying Index. Errors in index data, index computations
or the construction of the Underlying Index in accordance with its methodology may occur from
time to time and may not be identified and corrected by the Index Provider for a period of time or
at all, which may have an adverse impact on the underlying ETF/index fund. Unusual market
conditions may cause the Index Provider to postpone a scheduled rebalance, which could cause the
Underlying Index to vary from its normal or expected composition.

III. Passive Investment Risk. The underlying ETF/index fund is not actively managed, and the fund
manager generally does not attempt to take defensive positions under any market conditions,
including declining markets.

IV. Tracking Error Risk. The underlying ETF/index fund may be subject to tracking error, which is the
divergence of its performance from that of the Underlying Index. Tracking error may occur because
of differences between the securities and other instruments held in the ETF/index fund portfolio
and those included in the Underlying Index, pricing differences (including, as applicable,
differences between a security’s price at the local market close and the ETF’s/index funds
valuation of a security at the time of calculation of the Fund’s NAV), transaction costs incurred by
the ETF/index fund, the holding of uninvested cash, differences in timing of the accrual of or the
valuation of dividends or interest, the requirements to maintain pass through tax treatment,
portfolio transactions carried out to minimize the distribution of capital gains to shareholders,
acceptance of custom baskets, changes to the Underlying Index or the costs to the ETF/index fund
of complying with various new or existing regulatory requirements. This risk may be heightened
during times of increased market volatility or other unusual market conditions. Tracking error also
may result because the ETF/index fund incurs fees and expenses, while the Underlying Index does
not.

V. Financial Markets, Counterparties and Service Providers: The underlying ETFs/index funds may be
exposed to finance sector companies that act as a service provider or as counterparty for financial
contracts. In times of extreme market volatility, such companies may be adversely affected, with a
consequent adverse effect on the returns. Regulators and self-regulatory organisations and
exchanges are tabilize to take extraordinary actions in the event of market emergencies. The
effect of any future regulatory actions could be substantial and adverse.

VI. Global Financial Market Crisis and Governmental Intervention: Since 2007, global financial markets
have undergone pervasive and fundamental disruption and suffered significant instability which has
led to governmental intervention. Regulators in many jurisdictions have implemented or proposed a
number of emergency regulatory measures. Government and regulatory interventions have
sometimes been unclear in scope and application, resulting in confusion and uncertainty which in
itself has been detrimental to the efficient functioning of financial markets. It is impossible to
predict what additional interim or permanent governmental restrictions may be imposed on the
markets and/or the effect of such restrictions on the ability to implement a Fund’s investment
objective. Whether current undertakings by governing bodies of various jurisdictions or any future
undertakings will help tabilize the financial markets is unknown. The Fund Managers cannot predict
how long the financial markets will continue to be affected by these events and cannot predict the
effects of these – or similar events in the future – on an ETF/index fund or global economy and the
global securities markets. The Fund Managers are monitoring the situation. Instability in the global

9
 financial markets or government intervention may increase the volatility of the ETFs and hence the
risk of loss to the value of your investment.

VII. Liquidity Risk: Trading volumes in the underlying investments of the Underlying ETFs/index funds
may fluctuate significantly depending on market sentiment. There is a risk that investments made
by the Underlying ETFs/index funds may become less liquid in response to market developments,
adverse investor perceptions or regulatory and government intervention (including the possibility of
widespread trading suspensions implemented by domestic regulators). In extreme market
conditions, there may be no willing buyer for an investment and so that investment cannot be
readily sold at the desired time or price, and consequently the relevant ETF/index fund may have
to accept a lower price to sell the relevant investment or may not be able to sell the investment at
all. An inability to sell a particular investment or portion of assets can have a negative impact of
the value of the Underlying ETF/index fund or prevent the relevant Underlying ETFs/index funds
from being able to take advantage of other investment opportunities. Liquidity risk also includes
the risk that relevant Underlying ETFs/index funds may be forced to defer redemptions, issue in
specie redemptions or suspend dealing because of stressed market conditions, an unusually high
volume of redemption requests, or other factors beyond the control of the investment manager. To
meet redemption requests, the Underlying schemes may be forced to sell investments at an
unfavorable time and/or conditions, which may have a negative impact on the value of the Scheme.

VIII. Credit Risk & Market Risk: The underlying ETFs/index funds invest in fixed income securities, they
are subject to the risk of an issuer’s inability to meet interest and principal payments on its debt
obligations (credit risk). Securities may also be subject to price volatility due to factors such as
changes in credit rating, interest rates, general level of market liquidity and market perception of
the creditworthiness of the issuer among others (market risk).

IX. Term Structure of Interest Rates (TSIR) Risk: To the extent that the underlying ETFs/index funds are
invested in fixed income securities, the NAV of the Units issued under the ETFs is likely to be
affected by changes in the general level of interest rates. When interest rates decline, the value of
a portfolio of fixed income securities can be expected to rise. Conversely, when interest rates rise,
the value of a portfolio of fixed income securities can be expected to decline.

X. Country Risks: The value of the underlying ETF’s/index funds assets may be affected by
uncertainties such as changes in a country’s government policies, taxation, restrictions on foreign
investment, currency decisions, applicable laws and regulations, together with any natural disasters
or political upheaval, which could weaken a country’s securities markets

XI. Risk of Investing in Sovereign Treasury STRIPS: Sovereign STRIPS are created when the interest and
principal components of a Sovereign note or bond are separated and sold as separate securities.
STRIPS are also called “zero-coupon” securities because they do not make periodic interest
payments and therefore have longer durations than Sovereign securities of similar maturities that
distribute interest on a current basis. Instead, they are typically sold at a discount from their face
value and can be redeemed at face value when they mature. Sovereign STRIPS only make a payment
upon maturity. As a result, the market value of Sovereign STRIPS is generally more volatile than the
value of other fixed-income securities with similar maturities that make periodic interest payments.
Sovereign STRIPS generally respond to changes in interest rates to a greater degree than other
fixed-income securities with similar maturities and credit quality. Sovereign STRIPS generally lose
value when interest rates rise. The Fund is generally required to distribute investment income as
cash dividends to Fund shareholders, but because Sovereign STRIPS do not pay interest and are
typically purchased at an original issue discount. As a result, the Fund may need to liquidate assets,
at potentially inopportune times, to satisfy such income dividend distribution requirements.

XII. Delays in settlement could result in investment opportunities being missed if an ETF/index fund is
unable to acquire or dispose of a security. The Depositary is responsible for the proper selection
and supervision of its correspondent banks in all relevant markets in accordance with applicable law
and regulation. Investors should therefore be aware that the ETFs/index fund concerned could
suffer loss arising from these registration problems.

XIII. Risk of Investing in Specific Sectors and Themes: Where investment is made in one or in a limited
number of market sectors, Underlying ETFs/index funds may be more volatile than other more
diversified Schemes. Such ETFs/index funds may also be subject to rapid cyclical changes in
investor activity, regulatory changes and / or the supply of and demand for specific securities. As a
result, an economic downturn in the relevant country or a regulatory change having

10
 disproportionate impact on the economy would have a larger impact on an ETF/index fund that
concentrates its investments in that specific theme then a more diversified Fund.

XIV. Restrictions on Foreign Investment: Some countries prohibit or impose substantial restrictions on
investments by foreign entities such as a Fund. As illustrations, certain countries require
governmental approval prior to investments by foreign persons, or limit the amount of investment
by foreign persons in a particular company, or limit the investment by foreign persons in a company
to only a specific class of securities which may have less advantageous terms than securities of the
company available for purchase by nationals. Certain countries may restrict investment
opportunities in issuers or industries deemed important to national interests. The manner in which
foreign investors may invest in companies in certain countries, as well as limitations on such
investments, may have an adverse impact on the operations of an Underlying ETF/index fund . For
example, an Underlying ETF/index fund may be required in certain of such countries to invest
initially through a local broker or other entity and then have the share purchases re-registered in
the name of the Underlying ETF/index fund. Re-registration may in some instances not be able to
occur on a timely basis, resulting in a delay during which an Underlying ETF/index fund may be
denied certain of its rights as an investor, including rights as to dividends or to be made aware of
certain corporate actions. There also may be instances where an Underlying ETF places a purchase
order but is subsequently informed, at the time of re-registration, that the permissible allocation to
foreign investors has been filled, depriving the Underlying ETF/index fund of the ability to make its
desired investment at the time.

XV. Substantial limitations may exist in certain countries with respect to an Underlying ETFs/index
funds ability to repatriate investment income, capital or the proceeds of sales of securities by
foreign investors. An Underlying ETF/index fund could be adversely affected by delays in, or a
refusal to grant any required governmental approval for repatriation of capital, as well as by the
application to the Underlying ETF/index fund of any restriction on investments. In addition, certain
countries implement quota restrictions on foreign ownership of certain onshore investments.

XVI. Taxation of underlying ETFs/index funds and assets: Investors should note in particular that the
proceeds from the sale of securities in some markets or the receipt of any dividends and other
income may be or may become subject to tax, levies, duties or other fees or charges imposed by
the authorities in that market, including taxation levied by withholding at source. As a result, the
Underlying ETF/index fund (and therefore the Scheme) could become subject to additional taxation
in such countries. Investors should note that there may be additional taxes, charges or levies
applied in respect of the ETF’s investments depending on the location of the assets of the
Underlying ETF/index fund and the jurisdiction in which the Underlying ETF/index fund is located,
registered or operated. Investors should also note that the Underlying ETF’s/index funds investment
managers and the ETF’s/index funds ability to provide tax information and audited accounts in
respect of the Underlying ETF/index fund to Unit Holders of the Scheme is dependent on the
relevant tax and other information being provided in timely fashion. Accordingly, delays may occur
in respect of delivery of such information to the Scheme’s Unit Holders.

XVII. Currency Risk: The assets in which the Underlying ETF/index fund is invested and the income from
the assets may be quoted in currencies which are different from the Underlying ETF’s/index funds
base currency. The performance of the Underlying ETF/index fund may therefore be affected by
movements in the exchange rate between the currencies in which the assets are held and the
Underlying ETF’s/index funds base currency and hence there can be the prospect of additional loss
or gain for the Unit Holder than what may be normally derived from the assets in which the
Underlying ETF/index fund invests. The performance of the Underlying ETF/index fund may also be
affected by changes in exchange control regulations. Conversion into foreign currency or transfer
from some markets of proceeds received from the sale of securities cannot be guaranteed.
Exchange rate fluctuations may also occur between the trade date for a transaction and the date on
which the currency is acquired to meet settlement obligations. Movements in currency exchange
rates can adversely affect the return of your investment. The currency hedging that may be used to
minimize the effect of currency fluctuations may not always be successful.

XVIII. Valuation Risk: The price the underlying ETF/index fund could receive upon the sale of a security or
other asset may differ from the underlying ETF’s/index funds valuation of the security or other
asset and from the value used by the Underlying Index, particularly for securities or other assets
that trade in low volume or volatile markets or that are valued using a fair value methodology as a
result of trade suspensions or for other reasons. The underlying ETF’s/index funds ability to value

11
 investments may be impacted by technological issues or errors by pricing services or other
thirdparty service providers.

XIX. Risks Associated with Derivatives: The Underlying ETF/index fund may use derivatives in connection
with its investment strategies. Derivative products are leveraged instruments and can provide
disproportionate gains as well as disproportionate losses to the investor. Execution of such
strategies depends upon the ability of the investment manager of the Underlying ETF/index fund to
identify such opportunities. Identification and execution of the strategies to be pursued by the
investment manager of the Underlying ETF/index fund involve uncertainty and decision of the
investment manager of may not always be profitable. No assurance can be given that the
investment manager of the Underlying ETF/index fund will be able to identify or execute such
strategies. The risks associated with the use of derivatives are different from or possibly greater
than, the risks associated with investing directly in Securities and other traditional investments.
Derivatives may be riskier than other types of investments because they may be more sensitive to
changes in economic or market conditions than other types of investments and could result in the
losses that significantly exceed the Underlying ETF’s/index funds original investment. Certain
derivatives may give rise to a form of leverage. Due to the low margin deposits normally required in
trading financial derivative instruments, an extremely high degree of leverage is typical for trading
in financial derivative instruments. As a result, the Underlying ETF/index fund may be more volatile
than if the Underlying ETF/index fund had not been leveraged. A relatively small price movement in
a derivative contract may result in substantial losses to the investor.Derivatives are also subject to
the risk that changes in the value of a derivative may not correlate perfectly with the underlying
asset, rate or index. The use of derivatives for hedging or risk management purposes or to increase
income or gain may not be successful, resulting in losses to the Underlying ETF/index fund and the
cost of such strategies may reduce the Underlying ETF’s/index funds returns and increase the
Underlying ETF’s/index funds potential for loss.

XX. Risks of Exchange Traded Derivative Transactions: The securities exchange on which the shares of
the Underlying ETF/index fund may be listed may have the right to suspend or limit trading in all
securities which it lists. Such a suspension would expose the Underlying ETF/index fund to losses
and delays in its ability to redeem shares.

XXI. Legal risk – OTC Derivatives, Repurchase and Reverse Repurchase Transactions, Securities Lending
and Re-used Collateral: There is a risk that agreements and derivatives techniques are terminated
due, for instance, to bankruptcy, supervening illegality or change in tax or accounting laws. In such
circumstances, an underlying ETF/index fund may be required to cover any losses incurred.
Furthermore, certain transactions are entered into on the basis of complex legal documents. Such
documents may be difficult to enforce or may be the subject of a dispute as to interpretation in
certain circumstances. Whilst the rights and obligations of the parties to a legal document may for
example be governed by English or Luxembourg law, in certain circumstances (for example
insolvency proceedings) other legal systems may take priority which may affect the enforceability
of existing transactions.

XXII. Securities Lending: The underlying ETFs/index funds may engage in securities lending. The
underlying ETFs/index funds engaging in securities lending will have a credit risk exposure to the
counterparties to any securities lending contract. Fund investments can be lent to counterparties
over a period of time. A default by the counterparty combined with a fall in the value of the
collateral below that of the value of the securities lent may result in a reduction in the value of the
underlying ETFs/index funds.

XXIII. Infectious Illness Risk. An outbreak of an infectious respiratory illness, COVID 19, caused by a novel
coronavirus has resulted in travel restrictions, disruption of healthcare systems, prolonged
quarantines, cancellations, supply chain disruptions, lower consumer demand, layoffs, ratings
downgrades, defaults and other significant economic impacts. Certain markets have experienced
temporary closures, extreme volatility, severe losses, reduced liquidity and increased trading costs.
Such events can have an impact on the underlying ETFs/index funds and could impact their ability
to purchase or sell securities or cause elevated tracking error and increased premiums or discounts
to the NAV. Other infectious illness outbreaks in the future may result in similar impacts.

XXIV. Operational Risk. The underlying ETFs/index funds are exposed to operational risks arising from a
number of factors, including, but not limited to, human error, processing and communication
errors, errors of the service providers, counterparties or other third-parties, failed or inadequate
processes and technology or systems failures.

12
 XXV. Counterparty Risk: An underlying ETF/index fund will be exposed to the credit risk of the parties
with which it transacts and may also bear the risk of settlement default. Credit risk is the risk that
the counterparty to a financial instrument will fail to discharge an obligation or commitment that it
has entered into with the relevant underlying ETF/index fund. This would include the
counterparties to any derivatives, repurchase / reverse repurchase agreement or securities lending
agreement that it enters into. Trading in derivatives which have not been collateralised gives rise
to direct counterparty exposure.

XXVI. Risk of Investing in the U.S.: A decrease in imports or exports, changes in trade regulations,
inflation and/or an economic recession in the U.S. may have a material \adverse effect on the U.S.
economy and the securities listed on U.S. exchanges. Proposed and adopted policy and legislative
changes in the U.S. are changing many aspects of financial, commercial, public health,
environmental, and other regulation and may have a significant effect on U.S. markets generally, as
well as on the value of certain securities. Governmental agencies project that the U.S. will
continue to maintain elevated public debt levels for the foreseeable future. Although elevated debt
levels do not necessarily indicate or cause economic problems, elevated public debt service costs
may constrain future economic growth. Circumstances could arise that could prevent the timely
payment of interest or principal on U.S. government debt, such as reaching the legislative “debt
ceiling.” Such non-payment would result in substantial negative consequences for the U.S. economy
and the global financial system. If U.S. relations with certain countries deteriorate, it could
adversely affect U.S. issuers as well as non-U.S. issuers that rely on the U.S. for trade. The U.S. has
also experienced increased internal unrest and discord. If these trends were to continue, it may
have an adverse impact on the U.S. economy and the issuers in which the Fund invests.

XXVII. U.S. Treasury Obligations Risk. U.S. Treasury obligations may differ from other securities in their
interest rates, maturities, times of issuance and other characteristics. Similar to other issuers,
changes to the financial condition or credit rating of the U.S. government may cause the value of
the Fund’s U.S. Treasury obligations to decline. U.S. Treasury securities are rated AA+ by S&P
Global Ratings. A downgrade of the rating of U.S. Treasury securities may cause the value of the
Fund’s U.S. Treasury obligations to decline. Because U.S. government debt obligations are often
used as a benchmark for other borrowing arrangements, a downgrade could also result in higher
interest rates for a range of borrowers, cause disruptions in the international bond markets and
have a substantial adverse effect on the U.S. and global economy. A high national debt level may
increase market pressures to meet government funding needs, which may drive debt cost higher
and lead the government to issue additional debt, thereby increasing refinancing risk. A high
national debt also raises concerns that the U.S. government will not be able to make principal or
interest payments when they are due. If market participants determine that U.S. sovereign debt
levels have become unsustainable, the value of the U.S. dollar could decline, thus increasing
inflationary pressures, particularly with respect to services outsourced to non-U.S. providers and
imported goods and constrain or prevent the U.S. government from implementing effective
countercyclical fiscal policy in economic downturns. Direct obligations of the U.S. Treasury have
historically involved little risk of loss of principal if held to maturity. However, due to fluctuations
in interest rates, the market value of such securities may vary during the period that shareholders
own shares of the Fund. Notwithstanding that U.S. Treasury obligations are backed by the full faith
and credit of the United States, circumstances could arise that could prevent the timely payment of
interest or principal, such as reaching the legislative “debt ceiling.” Such non-payment would result
in losses to the Fund and substantial negative consequences for the U.S. economy and the global
financial system.

10. Risks associated with investing in Tri Party Repo (TREPS)

DSP mutual fund is a member of Securities segment and Tri-party Repo trade settlement of the
Clearing Corporation of India Limited (CCIL). All transactions of the mutual fund in government
securities and in Tri-party Repo trades are settled centrally by CCIL which helps reduce the settlement
and counterparty risks for these transactions. CCIL manages the risks through its risk management
processes such that the ultimate risk to its members from fails is either eliminated or reduced to the
minimum. CCIL thus maintains margin and default fund contributions of each member for various
business segments as per the terms of its Bye Laws, Rules and Regulations to cover potential losses
arising from the default member.

In an event of any clearing member failing to honor settlement obligations, the margin and default
Fund is utilized to complete the settlement. As per the waterfall mechanism, after the defaulter’s

13
margins and the defaulter’s contribution to the default fund have been utilized, CCIL’s own
contribution is used to meet the losses and thereafter any residual loss is appropriated from the
contributions of the non-defaulting members.

Thus the scheme is subject to risk of the margin and default fund contribution being appropriated in
the case of failure of any settlement obligations. Further, the scheme’s contribution may be used to
meet the residual loss in case of default by the other clearing member (the defaulting member).

The risk factors may undergo change in case the CCIL notifies securities other than Government of
India securities as eligible for contribution as collateral.

11. Risk factors related to Taxation of overseas investments:

Investment in U.S. Based Mutual Fund / ETF

Taxation of underlying ETFs/ funds and assets: Investors should note in particular that the proceeds
from the sale of securities in some markets or the receipt of any dividends and other income may be or
may become subject to tax, levies, duties or other fees or charges imposed by the authorities in that
market, including taxation levied by withholding at source. As a result, the Underlying ETF/ fund (and
therefore the Scheme) could become subject to additional taxation in such countries. Investors should
note that there may be additional taxes, charges or levies applied in respect of the ETF’s investments
depending on the location of the assets of the Underlying ETF/ fund and the jurisdiction in which the
Underlying ETF/ fund is located, registered or operated. Investors should also note that the Underlying
ETF’s/ funds investment managers and the ETF’s/ funds ability to provide tax information and audited
accounts in respect of the Underlying ETF/ fund to Unit Holders of the Scheme is dependent on the
relevant tax and other information being provided in timely fashion. Accordingly, delays may occur in
respect of delivery of such information to the Scheme’s Unit Holders.

12. Risks Associated with Transaction in Units Through Stock Exchange Mechanism

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

13. Risk of substantial redemption:

The Scheme(s) at times may receive large number of redemption requests, leading to an asset-liability
mismatch and therefore, requiring the investment manager to make a distress sale of the securities
leading to realignment of the portfolio and consequently resulting in investment in lower yield
instruments

Further the liquidity of investments made in the Scheme may be restricted by trading volumes and
settlement periods in the underlying investments. Settlement periods may be extended significantly by
unforeseen circumstances. The inability of the Scheme to sell intended securities due to liquidity &
settlement problems, could cause delay for processing the large number of direct redemptions. The
Trustee, in the general interest of the Unit holders of the Schemes offered under this SID and keeping
in view of the unforeseen circumstances/unusual market conditions, may limit the total number of
Units which can be redeemed on any Working Day depending on the total “Saleable Underlying Stock”
available with the Fund.

B. RISK MANAGEMENT STRATEGIES

1. Market Liquidity Risk: Amongst all the segments of the fixed income market in India, the
government securities market demonstrates the highest market liquidity. The liquidity varies
from security to security with benchmark securities for the reference tenors like 10 years, 5
years etc. showing relatively higher market liquidity. With time, the benchmark liquidity
changes and hence liquidity propagates from one security to the other. The liquidity risk will be
managed and/or sought to be addressed by creating a portfolio which has adequate access to
liquidity. The Investment Manager will select fixed income securities, which have or are

14
 expected to have high secondary market liquidity. Market Liquidity Risk will be managed actively
within the portfolio liquidity limits.

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

3. Rating Migration Risk: The endeavor is to invest in high grade/quality sovereign securities and
thus ensuring the rating migration risk to be minima;

4. Interest Rate Risk: The Scheme is expected to have duration based on the underlying securities.
The interest rate risk cannot be eliminated and it exists as it is the primary feature of the
scheme by providing investors access to a higher interest rate risk portfolio, which would benefit
in a declining interest rate environment.

5. Re-investment Risk: The Investment Manager will endeavor that besides the tactical and/or
strategic interest rate calls, the portfolio is fully invested.

6. Term Structure of Interest Rates (TSIR) Risk: The Scheme is expected to have duration based
on the underlying securities. As the nature of the scheme is to have higher duration, the Term
Structure of Interest Rates (TSIR) Risk cannot be eliminated and it exists as it is the primary
feature of the scheme.

7. Risks associated with floating rate securities: There is restricted liquidity in floating rate
securities, resulting in lack of price discovery. Hence, incremental investments in floating rate
securities are going to be limited.

8. Risk Associated with overseas mutual funds / ETFs and Index securities:

i. Liquidity Risk on account of investments in overseas funds: The investments are made in
international funds, which provide daily liquidity.

ii. Expense Risks associated with investments in overseas funds: The aggregate of expenses
incurred by the Indian Fund-of-Funds scheme and the underlying international funds is
subject to limits prescribed by SEBI.

iii. Portfolio Disclosure Risks associated with investments in overseas fund: Although full
portfolio disclosure is not available at the end of each month, top ten holdings as well as
sector holdings are made available at the end of each month for the overseas fund. Full
portfolio holdings can be obtained from underlying Overseas funds generally with a three-
month lag i.e. March portfolio can be obtained at the end of June

iv. Investment Policy and/or fundamental attribute change risks associated with investments in
overseas funds: Investments are made in such international funds, which have similar
investment objectives to the domestic fund in India. However, there exists possibility that
there is a change in the fundamental attributes of the international fund. In such
circumstances, the Investment Manager will seek to invest in other international funds,
which have the same investment objective as the domestic fund.

v. Monitoring overseas investment limits: The Investment Manager will keep monitoring the
overseas investments limits. In case of an adverse event the Investment Manager may
initiate appropriate action like investing across other areas as permitted by the scheme
document or any other action to ensure that the investor interest is safeguarded.

9. Risk Management & Liquidity Management tools

DSP mutual fund schemes as mandated wide various SEBI & AMFI circulars, have adopted
the following for risk management & liquidity management tools

15
 1. Potential Risk Matrix (PRC) & Risk-o-meter: Investors are requested to review this
scheme’s Potential Risk Matrix (PRC) to understand the maximum risk that this scheme
will run as per design and & Risk-o-meter to understand periodical measurement of that
risk on a regular basis. Investor are suggested to read about various disclosures under the
section “C.PERIODIC DISCLOSURES” pertaining to “Compliance with Potential Risk Class
Matrix norms” & “Risk-o-meter” to understand in detail the disclosure frequency and
remedial measures in case of breaches in the boundaries.

2. Mandatory Liquidity requirement: DSP mutual fund scheme adopts the Liquidity Risk
Management framework mandated by SEBI and AMFI which helps estimates liquidity
requirement by determining liquidity risk arising from the liability side and tries to covers
all potential liquidity risk scenarios up to agreed confidence interval and has mandated
remedial measures both for managing the risk on an ongoing basis (LRaR & LCRaR) as well
as action plan in case there is a difference between actual outcome and projected
outcome. Investors can refer to the circular 135/ BP/93/ 2021-22 dated July 24, 2021 and
subsequent circulars for detail understanding on the Liquidity Risk Management
Framework.

Further Investment manager also evaluates and monitors the Asset Liability Mismatch
(ALM) which addresses the gap in the estimated potential liquidity requirement over a 90-
day period and schemes investment / assets liquidity to meet the potential requirement
and best ensures that scheme has necessary liquidity to meets its liability obligations.

3. Stress testing the scheme portfolio: The investment manager periodically stress test the
scheme portfolio to addresses the asset side risk from an Interest Rate, Credit and
Liquidity Risk perspective at an aggregate portfolio level and evaluate the stress in terms
of its impact on the NAV of the scheme. The stress test is performed using the
methodology and periodicity as mandated by AMFI in consultation to SEBI

4. Swing Pricing: DSP mutual fund scheme has Swing Pricing policy in place to help in case of
severe liquidity stress at an AMC level or a severe dysfunction at market level, the Swing
Pricing offers the contingency plan in case of extreme exigencies. Investors are suggested
to read the detail disclosure pertaining to this policy in Section N. “Swing Pricing
Framework”

C. REQUIREMENT OF MINIMUM INVESTORS IN THE SCHEME

The Scheme/Plans shall have a minimum of 20 investors each and no single investor shall account
for more than 25% of the corpus of the Scheme(s)/Plan(s). These conditions shall be complied with,
in each calendar quarter on an average basis, as specified by SEBI. In case of non-fulfillment of the
condition of 20 investors in a calendar quarter, the provisions of Regulation 39(2) (c) of the SEBI
(MF) Regulations shall become applicable automatically without any reference from SEBI, and
accordingly the Scheme/ Plan(s) shall be wound up and the units redeemed at the relevant
applicable NAV. If there is breach of the 25% limit by any investor over the quarter, a rebalancing
period of one month would be available and thereafter, the investor who is in breach of the rule,
shall be given 15 days’ notice to redeem his exposure over the 25% limit. Failure on the part of the
said investor to redeem his exposure over the 25 % limit within the aforesaid 15 days would lead to
automatic redemption on the applicable Net Asset Value on the 15th day of the notice period. The
Fund shall adhere to the requirements prescribed by SEBI from time to time in this regard.

D. SPECIAL CONSIDERATIONS

• Subject to the SEBI (MF) Regulations, funds managed by the affiliates/associates of the Sponsors
may invest either directly or indirectly in the Schemes and may acquire a substantial portion of the
Schemes’ Units and collectively constitute a majority investor in the Schemes. Accordingly,
redemption of Units held by such funds may have an adverse impact on the value of the Units of the
Schemes because of the timing of any such redemption and may impact the ability of other Unit
Holders to redeem their respective Units.

• As the liquidity of the Schemes’ investments may sometimes be restricted by trading volumes and
settlement periods, the time taken by the Mutual Fund for redemption of Units may be significant
in the event of an inordinately large number of redemption requests or of a restructuring of the
Schemes’ portfolios. In view of this, the Trustee has the right, in its sole discretion, to limit

16
 redemptions under certain circumstances.

• It is to be noted that any restriction on redemption shall always be Subject to the approval of the
Boards of the AMC and of the Trustee and subject also to necessary communication of the same to
SEBI, the redemption of / switch-out of Units of Scheme(s) of the Fund, may be temporarily
suspended/ restricted, in accordance with Clause 1.12 of the SEBI Master Circular and subject to
prevailing regulations and guidelines.

• Neither the SID and SAI, nor the Units have been registered in any jurisdiction. The distribution of
this SID in certain jurisdictions may be restricted or subject to registration requirements and,
accordingly, persons who come into possession of this SID and the SAI in such jurisdictions are
required to inform themselves about, and to observe, any such restrictions. No person receiving a
copy of this SID or any accompanying application form in such jurisdiction may treat this SID or such
application form as constituting an invitation to them to subscribe for Units, nor should they in any
event use any such application form, unless in the relevant jurisdiction such an invitation could
lawfully be made to them and such application form could lawfully be used without compliance of
any registration or other legal requirements.

• Investment decisions made by the Investment Manager may not always be profitable.

• The AMC provides Investment Management Services to DSP India Fund and DSP India Investment
Fund (both based out in Mauritius). The AMC provides investment management and trade execution
related services to offshore sovereign funds. The AMC also provides a non- binding advisory services
to the offshore funds/ offshore investment manager, who is managing an offshore fund which will
invest through FPI route. The AMC also provides investment management advice and execution
services to DSP ICAV, an umbrella type Irish Collective Asset-management Vehicle. The AMC is the
holding company to DSP Pension Fund Managers Private Limited (DSPPFM) and it acts as a Sponsor to
DSPPFM pursuant to Pension Fund Regulatory and Development Authority Regulations, 2015 (PFRDA
Regulations) and PFRDA letter dated July 10, 2023, and in accordance with SEBI approval dated
January 03, 2013, under Regulation 24 (b) of SEBI (Mutual Fund) Regulations, 1996. The AMC, in
accordance with SEBI approval, acts as Investment Managers to DSP Alternative Investment Fund
Category III (DSPAIF – C - III) (SEBI registration no. IN/AIF3/13-14/0059). Further, DSP Trustee
Private Limited, act as Trustees to the DSPAIF - C - III. The AMC is the holding company to DSP Fund
Managers IFSC Private Limited (‘DSP IFSC’). Pursuant to SEBI approval Dated February 8, 2023 and
IFSC approval dated August 31, 2023 and other applicable regulatory approvals, DSP IFSC provides
investment management and/or advisory services to the Funds set up under IFSCA (Fund
Management) Regulations, 2022. The said funds being (a) Foreign Portfolio Investors ('FPls')
operating from IFSC-GIFT and regulated by International Financial Services Centres Authority
('IFSCA') and falling under the categories as specified under clause 17.3.1 of SEBI Master Circular.
(b) FPls operating from IFSC-GIFT and regulated by IFSCA specified under clause 17.3.3 of SEBI
Master Circular subject to complying with applicable conditionalities mentioned thereunder. (c)
Other broad-based funds (not being FPls) investing in overseas securities. The AMC intends to
provide non- binding advisory services to a DSP IFSC in accordance with Regulation 24 of SEBI
(Mutual Funds) Regulations, 1996. The AMC has systems in place to ensure that there is no conflict
of interest between the aforesaid activities.

• There are instances where AMC has appointed common Fund Manager for managing domestic mutual
fund schemes and managing/advising offshore funds. Further, it may be noted that the dealing
function (excluding passive schemes) is common for mutual fund/AIF/offshore advisory cum
management activities. The AMC has systems in place to ensure that there is no conflict of interest
between the aforesaid activities.

• The Mutual Fund/AMC has not authorized any person to give any information or make any
representations, either oral or written, not stated in this SID in connection with issue of Units under
the Scheme. Prospective investors are advised not to rely upon any information or representations
not incorporated in this SID as the same have not been authorized by the Mutual Fund or the AMC.
Any subscription, purchase or sale made by any person on the basis of statements or
representations which are not contained in this SID or which are inconsistent with the information
contained herein shall be solely at the risk of the investor. The Mutual Fund/AMC has not
authorized any person to give any information or make any representations, either oral or written,
not stated in this SID in connection with issue of Units under the Scheme. Prospective investors are
advised not to rely upon any information or representations not incorporated in this SID as the same
have not been authorized by the Mutual Fund or the AMC. Any subscription, purchase or sale made

17
 by any person on the basis of statements or representations which are not contained in this SID or
which are inconsistent with the information contained herein shall be solely at the risk of the
investor.

• Suspicious Transaction Reporting: If after due diligence, the AMC believes that any transaction is
suspicious in nature as regards money laundering, the AMC shall report any such suspicious
transactions to competent authorities under PMLA and rules/guidelines issued thereunder by SEBI
and/or RBI, furnish any such information in connection therewith to such authorities and take any
other actions as may be required for the purposes of fulfilling its obligations under PMLA and
rules/guidelines issued thereunder by SEBI and/or RBI without obtaining the prior approval of the
investor/Unit Holder/any other person.

• The AMC and its Registrar reserve the right to disclose/share investors’ personal information with
the following third parties:
1. Registrar, Banks and / or authorised external third parties who are involved in transaction
processing, dispatches, etc., of investors’ investment in the Scheme;
2. Distributors or Sub-brokers through whom applications of investors are received for the Scheme;
or;
3. Any other organisations for compliance with any legal or regulatory requirements or to verify the
identity of investors for complying with anti-money laundering requirements.
4. Account statements or financial information pertaining to the investor, if it is to be sent over the
internet to the Unitholder, distributors or any other entity as indicated above, will be sent only
through a secure means and / or through encrypted electronic mail.

• Non-Individual Investors should note the following:

1. A list of specimen signatures of the authorized officials, duly certified / attested should also be
attached to the Application Form.
2. In case of application for any transaction, the authorized signatories/officials should sign such
application under their official designation and as per the authority granted to them under their
constitutional documents/board resolutions etc.
3. In case a generic board resolution authoring investment has been submitted, the AMC/Fund
reserves the right to consider such generic resolution as a valid authorisation for all other
financial and non-financial transactions including but not limited to redemption/switches etc.
Accordingly, all transactions executed by the officials named in such generic resolution would
be processed by the AMC/Fund.

• The tax benefits described in this Scheme Information Document and Statement of Additional
Information are as available under the present taxation laws and are available subject to relevant
conditions. The information given is included only for general purpose and is based on advice
received by the AMC regarding the law and practice currently in force in India and the Unit holders
should be aware that the relevant fiscal rules or their interpretation may change. As is the case
with any investment, there can be no guarantee that the tax position or the proposed tax position
prevailing at the time of an investment in the Scheme will endure indefinitely. In view of the
individual nature of tax consequences, each Unit holder is advised to consult his/her own
professional tax advisor.

• Investors should study this Scheme Information Document and the Statement of Additional
Information carefully in its entirety and should not construe the contents as advice relating to legal,
taxation, investment or any other matters. Investors are advised to consult their legal, tax,
investment and other professional advisors to determine possible legal, tax, financial or other
considerations of subscribing to or redeeming units, before making a decision to invest / redeem
Units.

• Any dispute arising out of the Scheme shall be subject to the exclusive jurisdiction of the Courts in
India. Statements in this Scheme Information Document are, except where otherwise stated, based
on the law, practice currently in force in India, and are subject to changes therein.

• The Mutual Fund may disclose details of the investor’s account and transactions there under to
those intermediaries whose stamp appears on the application form. In addition, the Mutual Fund
may disclose such details to the bankers / its agents, as may be necessary for the purpose of
effecting payments to the investor. Further, the Mutual Fund may disclose details of the investor’s
account and transactions thereunder to any Regulatory/Statutory entities as per the provisions of
law.

18
• This SID is not an offer of units of the Scheme for sale or solicitation of an offer to purchase the
units of the Scheme in the United States or in any other jurisdiction where such offer may be
restricted. Offers to sell or solicitations of offers to purchase units of any Scheme referred herein
may be made only by means of a prospectus and in accordance with applicable securities laws.
Securities may not be offered or sold in the United States absent registration under the US
Securities Act of 1933, as amended or an exemption there from. The Schemes referred herein have
not and do not intend to register any securities under the US Securities Act of 1933, as amended,
and do not intend to offer any securities in the United States. The Schemes referred herein have
not been and will not be registered under the US Investment Company Act of 1940, and investors
therein will not be entitled to the benefits thereof.

• DSP Investment Managers Private Limited (“DSPIM”) has transferred its asset management business
to another DSP group company DSP Asset Managers Private Limited (“DSPAM”), as part of internal
restructuring (demerger) of its business with effect from April 01, 2023.

It is to be noted, that pursuant to said demerger, there is (a) no change in ultimate ownership and
control of the Asset Management Company (AMC) of the Fund; (b) sponsors of the Fund; and (c)
name of the Fund. Further, Securities and Exchange Board of India (“SEBI”) vide its letter dated
December 01, 2022 bearing reference no. SEBI/HO/OW/IMD RAC2/P/2022/60211/1 (“SEBI NOC”)
has approved the said Demerger with no objection to transfer the AMC Business of DSPIM to DSPAM.

Investors are urged to study the terms of the offer carefully before investing in the Scheme and
retain this SID and the SAI for future reference.

19
DEFINITIONS

Applicable NAV The NAV applicable for purchase /redemption/switch on the Business Day on which
the subscription/redemption/switch is sought by the investor and determined by
the Fund.
AMC or Investment DSP Asset Managers Private Limited, the asset management company, set up under
Manager or DSPAM the Companies Act 2013, and authorized by SEBI to act as the asset management
company to the scheme of DSP Mutual Fund.
Bank A bank is a financial institution and a financial intermediary that accepts deposits
and channels those deposits into lending activities, either directly by loaning or
indirectly through capital markets.
Banking as per Banking As per Section 5(b) of Banking Regulation Act, 1949, banking means the accepting,
Regulation Act, 1949 for the 5(c) of Banking Regulation Act, 1949 a “Banking Company” means any
company which transacts the business of banking in India.
Beneficial owner Beneficial Owner as defined in the Depositories Act, 1996 means a person whose
name is recorded as such with a depository.
A day other than:
(1) Saturday and Sunday;
(2) a day on which the National Stock Exchange / BSE is closed;
(3) a day on which the Sale and Redemption of Units is suspended;
(4) day on which any of the Underlying fund is closed for subscription/redemption.
Business Day/ Working (5) a day on which any other overseas exchanges where the scheme has investment
Day are closed.
(6) a day on which the banks in Mumbai are closed
(7) a day on which Reserve Bank of India is closed

The AMC reserves the right to declare any day as a non-business day at any of its
locations at its sole discretion.
Continuous Offer of Units when the Scheme becomes available for subscription, after the
Offer/Ongoing Offer closure of the New Fund Offer.
Consolidated Account A statement containing details relating to transactions made by an investor across
Statement (CAS) all mutual funds viz. purchase, redemption, switch, IDCW payout, IDCW
reinvestment, systematic investment plan, systematic withdrawal plan, systematic
transfer plan and bonus transactions, etc., with respect to the Units held in
physical form.
Custodian Citibank N. A., acting as custodian to the Scheme, or any other Custodian who is
approved by the Trustee.
Depository National Securities Depository Ltd.(NSDL)/Central Depository Services (India)
Limited (CDSL) or such other depository as approved by the Trustee, being a body
corporate as defined in the Depositories Act, 1996.
Depository Depository Participant (DP) is an agent of the Depository who acts like an
Participant/DP intermediary between the Depository and the investors. DP is an entity who is
registered with SEBI to offer depository-related services.
Direct Plan Direct Plan is a separate plan for direct investments i.e. investments not routed
through a distributor.
Entry Load Load on purchase of Units
Exit Load Load on redemption of Units
Fund/Mutual Fund DSP Mutual Fund, a trust set up under the provisions of the Indian Trust Act, 1882,
and registered with SEBI vide Registration No. MF/036/97/7.
FPI Foreign Portfolio Investors (FPI) as defined in Regulation 2(1) (h) of Securities and
Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014
Fund of Funds/FOF A mutual fund scheme that invests primarily in other schemes of the same mutual
fund or other mutual funds.
First time mutual fund An investor who invests for the first time ever in any mutual fund either by way of
investor subscription or systematic investment plan.
Government Securities Securities created and issued by the Central Government and/or a State
Government (including Treasury Bills) or Government Securities as defined in the
Government Securities Act, 2006, as amended or re-enacted from time to time.
Investment The Agreement dated December 16, 1996, amended vide Amendatory Agreement
Management dated April 01, 2023 entered into between DSP Trustee Private Limited and DSP
Agreement (IMA) Asset Managers Private Limited, as amended from time to time.
NAV Net Asset Value of the Units of the Scheme (and Options, if any, therein) calculated
in the manner provided in this SID or as may be prescribed by the SEBI (MF)
20
 Regulations, from time to time.
Non Business Day A day other than a Business Day.
Offer Document This Scheme Information Document (SID) and the Statement of Additional
Information (SAI) (collectively)
Registrar and Transfer Computer Age Management Services Ltd.(CAMS)
Agent/RTA
RBI Reserve Bank of India, established under the Reserve Bank of India Act, 1934.
Scheme Information This document issued by DSP Mutual Fund, offering Units of DSP US Treasury Fund of
Document/SID Fund.
Self-Certified The list of banks that have been notified by SEBI to act as a SCSB for the ASBA
Syndicate Banks process as provided on www.sebi.gov.in.
Statement of A document containing details of the Mutual Fund, its constitution, and certain tax,
Additional legal and general information, and legally forming a part of the SID.
Information/ SAI
Scheme DSP US Treasury Fund of Fund (DSPUSTFOF)
SEBI Securities and Exchange Board of India, established under the Securities and
Exchange Board of India Act, 1992.
SEBI Master Circular SEBI Master Circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 dated May 19,
2023 for Mutual Funds.
Sponsors or Settlors DSP ADIKO Holdings Pvt. Ltd. & DSP HMK Holdings Pvt. Ltd. (collectively)
Stock BSE Limited., National Stock Exchange of India Ltd., or any other recognized stock
Exchange/Exchange exchange in India, as may be approved by the Trustee
Stock Exchange MFSS (platform offered by NSE), BSE StAR MF (platform offered by BSE), or any
mechanism/Trading other recognised stock exchange trading platform, with whom the AMC registers
Platforms itself to facilitate transactions in mutual fund units.

Trust Deed Trust Deed dated December 16, 1996 and all supplemental Trust Deed to the
original Trust Deed executed on December 16, 1996.
Trustee DSP Trustee Private Limited, a company set up under the Companies Act, 1956 and
approved by SEBI to act as the Trustee to the schemes of DSP Mutual Fund.

Unit The interest of an investor which consists of one undivided share in the Unit Capital
of the relevant Option under the Scheme offered by this SID.
Unit Holder/Investor A participant/holder of Units in the Scheme offered under this SID.

21
ABBREVIATIONS & INTERPRETATIONS

In this SID, the following abbreviations have been used:

AMC: Asset Management Company MBS: Mortgaged Backed Securities

AMFI : Association of Mutual Funds in India MFSS: Mutual Fund Service System
AML: Anti-Money Laundering MFU: MF Utilities India Private Limited
ABS: Asset Backed Securities NAV: Net Asset Value
ASBA: Application Supported by Blocked NEFT: National Electronic Funds
Amount Transfer
AOP: Association of Person NFO: New Fund Offer
BSE: BSE Limited NRI: Non-Resident Indian
BSE StAR BSE Stock Exchange Platform for NRE: Non Resident External
MF: Allotment and Repurchase of Mutual
Funds
CAS: Consolidated Account Statement NRO: Non Resident Ordinary
CAMS: Computer Age Management Services NSE / National National Stock Exchange of India
Limited Stock Limited
Exchange:
CDSL: Central Depository Services (India) NSDL: National Securities Depository
Limited Limited
DFI: Development Financial Institutions OTC: Over the Counter
DP: Depository Participant OTM: One Time Mandate
ECS: Electronic Clearing System POA: Power of Attorney
EFT: Electronic Funds Transfer PIO: Person of Indian Origin
FPI: Foreign Portfolio Investor PMLA: Prevention of Money Laundering
Act, 2002
FRA: Forward Rate Agreement POS: Points of Service
FIRC: Foreign Inward Remittance Certificate PSU: Public Sector Undertaking
FOF: Fund of Funds RBI: Reserve Bank of India
FPI: Foreign Portfolio Investor REITs: Real Estate Investment Trusts
FATCA: Foreign Account Tax Compliance Act RTGS: Real Time Gross Settlement
Flex STP: Flex Systematic Transfer Plan SEBI: Securities and Exchange Board of
India
HUF: Hindu Undivided Family SI: Standing Instructions
IDCW: Income Distribution cum Capital SIP: Systematic Investment Plan
Withdrawal
IMA: Investment Management Agreement SWP: Systematic Withdrawal Plan
InvITs: Infrastructure Investment Trusts STP: Systematic Transfer Plan
IRS: Interest Rate Swap STT: Securities Transaction Tax
ISC: Investor Service Centre SCSB: Self Certified Syndicate Bank
KYC: Know Your Customer SLR: Statutory Liquidity Ratio
LTV: Loan to Value Ratio UBO: Ultimate Beneficial Ownership
TREPS: Tri-party REPOs Value STP : Value Systematic Transfer Plan

INTERPRETATION
For all purposes of this SID, except as otherwise expressly provided or unless the context otherwise
requires:
 The terms defined in this SID include the plural as well as the singular.
 Pronouns having a masculine or feminine gender shall be deemed to include the other.
 All references to “US$” refer to United States Dollars and “Rs.” refer to Indian Rupees. A “Crore”
means “ten million” and a “Lakh” means a “hundred thousand”.
 References to times of day (i.e. a.m. or p.m.) are to Indian Standard Time (IST) times and
references to a day are to a calendar day including non-Business Day.

22
E. DUE DILIGENCE BY THE AMC

It is confirmed that:

(i) The SID forwarded to SEBI is in accordance with the SEBI (Mutual Fund) Regulations, 1996 and
the guidelines and directives issued by SEBI from time to time.

(ii) All legal requirements connected with the launching of the Scheme as also the guidelines,
instructions, etc., issued by the Government and any other competent authority in this behalf,
have been duly complied with.

(iii) The disclosures made in the SID are true, fair and adequate to enable the investors to make a
well informed decision regarding investment in the proposed Scheme.

(iv) The intermediaries named in the SID and SAI are registered with SEBI and their registration is
valid, as on date.

(v) The contents of the SID including figures, data, yields, etc. have been checked and are
factually correct.

Place: Mumbai Signed : Sd/-

Date : February 26, 2024 Name : Pritesh Majmudar (Dr.)
Head – Legal and Compliance

23
SECTION II - INFORMATION ABOUT THE SCHEME

A. TYPE OF THE SCHEME

An open ended fund of funds scheme investing in units of ETFs and/or Funds focused on US Treasury
Bonds.

B. WHAT IS THE INVESTMENT OBJECTIVE OF THE SCHEME?

The investment objective of the scheme is to generate income & long term capital appreciation by
investing in units of ETFs and/or Funds focused on US Treasury Bonds

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

C. HOW WILL THE SCHEME ALLOCATE ITS ASSETS?

Under normal circumstances, the asset allocation of the Scheme will be as follows:
Exposure Risk Profile
Asset Category
Minimum Maximum
Units of ETFs and/or Funds focused on US Treasury
95% 100% Very High
Bonds
Cash and Cash Equivalents@ 0% 5% Low

@ As per SEBI letter no. SEBI/HO/ IMD-II/DOF3/ OW/P/ 2021/ 31487 / 1 dated November 03, 2021,Cash
and Cash Equivalents will include following securities having residual maturity of less than 91 Days:
1. TREPS,
2. Treasury Bills,
3. Government securities, and
4. Repo on Government Securities and any other securities as may be allowed under the regulations
prevailing from time to time.

The scheme intends to invest in following ETFs or Funds which are focused on US Treasury Bonds:

Sr. No. ETFs/Funds

1 iShares $ Treasury Bond 7-10yr UCITS ETF
2 SPDR Bloomberg 1-3 Month T-Bill ETF
3 iShares Short Treasury Bond ETF
4 iShares $ Treasury Bond 1-3yr UCITS ETF
5 Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF
6 iShares $ Treasury Bond 3-7yr UCITS ETF
7 iShares Treasury Floating Rate Bond ETF

Apart from above, the Scheme may, at the discretion of the Investment Manager/fund manager, also
invest in the units of other overseas Exchange Traded Funds (ETFs) and/or funds focused on US
Treasury Bonds domiciled/listed across globe. Addition of new overseas funds and or ETFs will not
tantamount to fundamental attribute change and the investors would be intimated of such additions by
issuance of notice cum addenda.

The proportion of an investment in an underlying funds may vary and solely at the discretion of the
fund manager of the Scheme.

The Scheme shall not invest in:

a. Derivatives
b. Securitised Debt
c. Credit default swaps (CDS).
d. Debt instruments having Structured Obligations / Credit Enhancements.
e. Securities covered under clause 12.2 of SEBI Master Circular
f. Units of REITs and InvITs.
g. Debt Instruments with special features (AT1 and AT2 Bonds)
h. Debt Instruments with SO / CE
i. Stock lending and Borrowing
24
j. Short selling

The underlying ETFs or Funds shall make investment in line with clause 12.19.2.10 of SEBI Master
Circular.

Overseas investment:

Under normal circumstances the Scheme may invest upto 100% of net assets in Foreign Securities.

The intended amount for investment in overseas ETFs is US$ 150 mn and intended amount for
investment in other overseas securities is US$ 100 mn.

According to clause 12.19 of SEBI Master mutual funds can invest in ADRs/GDRs/other specified foreign
securities. Such investments are subject to an overall limit of US$ 7 bn. for all mutual funds put
together. The Mutual Fund has been allowed an individual limit of US$ 1 bn. The overall ceiling for
investment in overseas ETFs that invest in securities is US$ 1 billion subject to a maximum of US$ 300
million per mutual fund.

On an ongoing basis, the AMC is allowed to invest in overseas securities upto 20% of the average Asset
under Management (‘AUM’) in overseas securities of the previous three calendar months subject to
maximum limit of USD 1 billion at Fund house level. Clause 12.19.1.3.d of SEBI Master Circular has
clarified that the aforesaid 20% limit for ongoing investment in overseas securities will be soft limit for
Purpose of reporting only on a monthly basis to SEBI.

Further, SEBI vide its letter no. SEBI/HO/OW/IMD-II/DOF3/P /25095/2022 dated June 17, 2022 had
advised AMFI that Mutual Fund schemes may resume subscriptions and make investments in overseas
funds/securities upto the headroom available, without breaching the overseas investment limits as of
end of day of February 01, 2022 at Mutual Fund level.

As per clause 12.24 of SEBI Master Circular, the cumulative gross exposure across all asset classes
should not exceed 100% of the net assets of the scheme. Cash and cash equivalents as per SEBI letter
no. SEBI/HO/ IMD-II/DOF3/ OW/P/ 2021/ 31487 / 1 dated November 03, 2021 which includes T-bills,
Government Securities, Repo on Government Securities and any other securities as may be allowed
under the regulations prevailing from time to time subject to the regulatory approval, if any, having
residual maturity of less than 91 Days, shall not be considered for the purpose of calculating gross
exposure limit.

Pending deployment of the funds of the Scheme:

Pending deployment of the funds of the Scheme shall be in terms of clause 12.16 of SEBI Master
circular, the AMC may invest funds of the Scheme in short term deposits of scheduled commercial
banks, subject to following conditions:

1. “Short Term” for parking of funds shall be treated as a period not exceeding 91 days.
2. Such short-term deposits shall be held in the name of the Scheme.
3. The Scheme shall not invest more than 15% of its net assets in the short term deposit(s) of all
the scheduled commercial banks put together. However, it may be raised to 20% with the prior
approval of the Trustee. Also, investing of funds in short term deposits of associate and
sponsor scheduled commercial banks together shall not exceed 20% of total deployment by the
Mutual Fund in short term deposits.
4. The Scheme shall not invest more than 10% of its net assets in short term deposit(s) with any
one scheduled commercial bank including its subsidiaries.
5. The Trustee shall ensure that the funds of the Scheme are not invested in the short term
deposits of a bank which has invested in the Scheme.
6. AMC will not charge any investment management and advisory fees for parking of funds in
short term deposits of scheduled commercial banks.
7. The Trustee shall also ensure that the bank in which a scheme has short term deposits do not
invest in the scheme until the scheme has short term deposits with such bank.

The above provisions do not apply to term deposits placed as margins for trading in cash and derivative
market. Such deposits shall be held in the name of the Scheme.

Rebalancing of deviation due to short term defensive consideration:

25
Any alteration in the investment pattern will be for a short term on defensive considerations as per
clause 1.14.1.2 of SEBI Master Circular; the intention being at all times to protect the interests of the
Unit Holders and the Scheme shall endeavor to rebalance the portfolio within 30 calendar days.

It may be noted that no prior intimation/indication will be given to investors when the
composition/asset allocation pattern under the Scheme undergoes changes within the permitted band
as indicated above.

Portfolio rebalancing in case of passive breach:

As per clause 2.9 of SEBI Master circular and the clarifications/ guidelines issued by AMFI/ SEBI from
time to time, in the event of deviation from mandated asset allocation mentioned, passive breaches
(i.e. occurrence of instances not arising out of omission and commission of AMC), shall be rebalanced
within 30 business days. Where the portfolio is not rebalanced within above mentioned period,
justification in writing, including details of efforts taken to rebalance the portfolio shall be placed
before Investment Committee. The Investment Committee, if so desires, can extend the timelines up
to sixty (60) business days from the date of completion of mandated rebalancing period.

In case the portfolio is not rebalanced within the aforementioned mandated plus extended timelines
the AMC shall comply with the prescribed restrictions, the reporting and disclosure requirements as
specified in clause 2.9.3 and 2.9.4 of SEBI Master Circular.

D. WHERE WILL THE SCHEME INVEST?

The Scheme will invest in units of overseas Exchange Traded Funds (ETFs) and/or funds that provide
exposure to US Treasury Bonds. The Scheme may also invest a certain portion of its corpus in debt &
money market securities and/or money market/liquid schemes of DSP Mutual Fund, in order to meet
liquidity requirements from time to time.

Debt and money market securities include, but are not limited to:

• Debt obligations of the Government of India, state and local governments, government
agencies, statutory bodies, public sector undertakings, scheduled commercial banks, non-
banking finance companies, development financial institutions, supranational financial
institutions, corporate entities and trusts

• Units of Mutual funds as may be permitted by regulations

• Tri party Repo (TREPs): "Tri party repo" means a repo contract where a third entity (apart from
the borrower and lender), called a Tri-Party Agent, acts as an intermediary between the two
parties to the repo to facilitate services like collateral selection, payment and settlement,
custody and management during the life of the transaction. TREPS facilitates borrowing and
lending of funds, in Tri party Repo arrangement

• Repos: Repo (Repurchase Agreement) or Reverse Repo is a transaction in which two parties
agree to sell and purchase the same security with an agreement to purchase or sell the same
security at a mutually decided future date and price. The transaction results in collateralized
borrowing or lending of funds.

• Any other like instruments may be permitted by RBI/SEBI/such other Regulatory Authority from
time to time.

• Investment in Short-Term Deposits - Pending deployment of the funds of the Scheme, the AMC
may invest funds of the Scheme in short term deposits of scheduled commercial in terms of
clause 12.16 of SEBI Master circular, subject to following conditions:

a. “Short Term” for parking of funds shall be treated as a period not exceeding 91 days.
b. Such short-term deposits shall be held in the name of the Scheme.
c. The Scheme shall not park more than 15% of its net assets in the short term deposit(s) of all
the scheduled commercial banks put together. However, it may be raised to 20% with the prior
approval of the Trustee. Also, parking of funds in short term deposits of associate and sponsor

26
 scheduled commercial banks together shall not exceed 20% of total deployment by the Mutual
Fund in short term deposits.
d. The Scheme shall not park more than 10% of its net assets in short term deposit(s) with any
one scheduled commercial bank including its subsidiaries.
e. The Trustee shall ensure that the funds of the Scheme are not parked in the short term
deposits of a bank which has invested in the Scheme.
f. The Trustee shall also ensure that the bank in which a scheme has short term deposits do not
invest in the scheme until the scheme has short term deposits with such bank.
g. AMC will not charge any investment management and advisory fees for parking of funds in
short term deposits of scheduled commercial banks.

Investment in Overseas Foreign Securities

According to clause 12.19 of SEBI Master mutual funds can invest in ADRs/GDRs/other specified foreign
securities. Such investments are subject to an overall limit of US$ 7 bn. for all mutual funds put
together. The Mutual Fund has been allowed an individual limit of US$ 1 bn. The overall ceiling for
investment in overseas ETFs that invest in securities is US$ 1 billion subject to a maximum of US$ 300
million per mutual fund.

On an ongoing basis, the AMC is allowed to invest in overseas securities upto 20% of the average Asset
under Management (‘AUM’) in overseas securities of the previous three calendar months subject to
maximum limit of USD 1 billion at Fund house level. Clause 12.19.1.3.d of SEBI Master Circular has
clarified that the aforesaid 20% limit for ongoing investment in overseas securities will be soft limit for
Purpose of reporting only on a monthly basis to SEBI.

Further, SEBI vide its letter no. SEBI/HO/OW/IMD-II/DOF3/P /25095/2022 dated June 17, 2022 had
advised AMFI that Mutual Fund schemes may resume subscriptions and make investments in overseas
funds/securities upto the headroom available, without breaching the overseas investment limits as of
end of day of February 01, 2022 at Mutual Fund level.

As required under the aforesaid circulars, the intended amount for investment in overseas ETFs is US$
150 mn and intended amount for investment in other overseas securities is US$ 100 mn.

The dedicated fund manager appointed for making overseas investments by the Mutual Fund will be in
accordance with the applicable requirements of SEBI. Depending upon the Investment Manager’s views,
Scheme would like to seek investment opportunities in the ADR/GDR/overseas market.

Overview of the underlying fund iShares $ Treasury Bond 7-10yr UCITS ETF

Investment The Fund seeks to track the performance of an index composed of US Dollar
Objective denominated government bonds issued by the US Treasury.

Investment The Fund seeks to track the performance of an index composed of US Dollar
Strategy denominated government bonds issued by the US Treasury.
The investment policy of the Fund is to invest in a portfolio of fixed income
securities that as far as possible and practicable consists of the component
securities of the Benchmark Index and thereby comply with the ESG characteristics
of its Benchmark Index. It is expected that at least 80% of the Fund’s assets will be
invested in either securities within the Benchmark Index or in securities that meet
the ESG selection criteria of the Benchmark Index. As such, at each index
rebalance, the portfolio of the Fund will be rebalanced in line with its Benchmark
Index so that at least 80% of the Fund’s assets will be aligned with the ESG
characteristics of the Benchmark Index.
The Fund may invest up to 20% of its assets in other investments.

AUM 3,719.96 USD in million

Benchmark ICE U.S. Treasury 7-10 Year Bond Index

Performance
Fund Benchmark
Period
1-year 0.21% 0.22%

27
 3-year -4.80% -4.80%
5-year 0.19% 0.21%
10-year 1.28% 1.36%
Since Inception 2.49% 2.61%

Source: iShares, as at 31 January 2024. Subject to change. Net performance

returns given in USD. Past performance may or may not be sustained in future and
should not be used as a basis for comparison with other investments. Share class
inception: 03 June 2009.

Total Expense As at 31 January 2024, the Total Expense Ratio was 0.07%.
Ratio Source: iShares. Subject to change.

Top ten holdings Please see the table below:

as at 31 January Fund
2024. Top 10 Holdings
%
TREASURY NOTE (OLD) 9.77%
TREASURY NOTE 9.04%
TREASURY NOTE 8.78%
TREASURY NOTE 8.62%
TREASURY NOTE (2OLD) 8.51%
TREASURY NOTE 8.26%
TREASURY NOTE (OTR) 8.26%
TREASURY NOTE 8.19%
TREASURY NOTE 8.14%
TREASURY NOTE 7.63%
TOTAL 85.2%

Overview of the underlying fund SPDR Bloomberg 1-3 Month T-Bill ETF

Investment The SPDR® Bloomberg 1-3 Month T-Bill ETF seeks to provide investment results
Objective that, before fees and expenses, correspond generally to the price and yield
performance of the Bloomberg 1-3 Month U.S. Treasury Bill Index.

Investment The SPDR® Bloomberg 1-3 Month T-Bill ETF seeks to provide investment results
Strategy that, before fees and expenses, correspond generally to the price and yield
performance of the Bloomberg 1-3 Month U.S. Treasury Bill Index.
The Bloomberg US Treasury Bills 1-3 Month Index (the "Index") is designed to
measure the performance of public obligations of the U.S. Treasury that have a
remaining maturity of greater than or equal to 1 month and less than 3 months.
The Index includes all publicly issued U.S. Treasury Bills that have a remaining
maturity of less than 3 months and at least 1 month, and are rated investment-
grade. In addition, the securities must be denominated in U.S. dollars and must
have a fixed rate.

AUM 397.90 USD in million

Benchmark Bloomberg US Treasury Bills 1-3 Month Index

Performance
Fund Benchmark
Period
1-year 5.11% 5.24%
3-year 2.24% 2.36%
Since Inception 1.74% 1.87%

Performance as at 31 January 2024. Subject to change. Net performance returns

given in USD. Past performance may or may not be sustained in future and should

28
 not be used as a basis for comparison with other investments. Inception: 17 July
2019.

Total Expense As at 31 January 2024, the Total Expense Ratio was 0.10%.
Ratio

Top ten holdings Please see the table below:

as at 31 January Fund
2024. Top 10 Holdings
%
TREASURY BILL 9.34%
TREASURY BILL 9.29%
TREASURY BILL 7.95%
TREASURY BILL 7.92%
TREASURY BILL 6.45%
TREASURY BILL 6.38%
TREASURY BILL 6.33%
TREASURY BILL 6.26%
TREASURY BILL 6.23%
TREASURY BILL 6.22%
Total 72.37%

Overview of the underlying fund iShares $ Treasury Bond 1-3yr UCITS ETF

Investment The Fund seeks to track the performance of an index composed of US Dollar
Objective denominated government bonds issued by the US Treasury.

Investment The Fund seeks to invest in a portfolio of securities that as far as possible and
Strategy practicable consists of the component securities of the Benchmark Index.
It is expected that at least 80% of the Fund’s assets will be invested in either
securities within the Benchmark Index or in securities that meet the ESG selection
criteria of the Benchmark Index. As such, at each index rebalance, the portfolio of
the Fund will be rebalanced in line with its Benchmark Index so that at least 80% of
the Fund’s assets will be aligned with the ESG characteristics of the Benchmark
Index (this includes 10% of the Fund’s assets that are qualified as sustainable
investments) (as determined at that rebalance).
The Fund may invest up to 20% of its assets in other investments.

AUM 10,999.53 USD in million

Benchmark ICE U.S. Treasury 1-3 Year Bond Index

Performance
Fund Benchmark
Period
1-year 3.90% 3.90%
3-year 0.01% 0.02%
5-year 1.27% 1.30%
Since Inception 1.19% 1.23%

Performance as at 31 January 2024. Subject to change. Net performance returns

given in USD. Past performance may or may not be sustained in future and should
not be used as a basis for comparison with other investments. Inception: 13 April
2017.

Total Expense As at 31 January 2024, the Total Expense Ratio was 0.07%.
Ratio

Top ten holdings Please see the table below:

as at 31 January Top 10 Holdings Fund

29
2024 %
TREASURY NOTE 2.17
TREASURY NOTE 1.78
TREASURY NOTE 1.76
TREASURY NOTE 1.69
TREASURY NOTE 1.6
TREASURY NOTE 1.56
TREASURY NOTE 1.55
TREASURY NOTE 1.54
TREASURY NOTE 1.53
TREASURY NOTE 1.52
Total 16.7

Overview of the underlying fund iShares Short Treasury Bond ETF

Investment The iShares Short Treasury Bond ETF seeks to track the investment results of an
Objective index composed of U.S. Treasury bonds with remaining maturities one year or less.

Investment The Fund seeks to track the investment results of the ICE® Short US Treasury
Strategy Securities Index (the “Underlying Index”), which measures the performance of
public obligations of the U.S. Treasury that have a remaining maturity of less than
or equal to one year. Under normal circumstances, the Fund will seek to maintain
a weighted average maturity of less than one year.
The Fund will invest at least 80% of its assets in the component securities of the
Underlying Index, and the Fund will invest at least 90% of its assets in U.S.
Treasury securities that BFA believes will help the Fund track the Underlying
Index. The Fund will invest no more than 10% of its assets in futures, options and
swaps contracts that BFA believes will help the Fund track the Underlying Index.

AUM 17,990.54 USD in million

Benchmark ICE Short US Treasury Securities Index (USD)

Performance
Fund Benchmark
Period
1-year 5.12% 4.53%
3-year 2.07% 1.92%
5-year 1.83% 1.79%
10-year 1.22% 1.26%
Since Inception 1.19% 1.27%

Performance as at 31 January 2024. Subject to change. Net performance returns

given in USD. Past performance may or may not be sustained in future and should
not be used as a basis for comparison with other investments. Inception: 05
January 2007.

Total Expense As at 31 January 2024, the Total Expense Ratio was 0.15%.
Ratio

Top ten holdings Please see the table below:

as at 31 January Fund
2024. Top 10 Holdings
%
TREASURY BILL 5.12%
TREASURY BILL 4.98%
TREASURY BILL 4.86%
TREASURY BILL 4.38%
TREASURY BILL 4.16%
30
 TREASURY BILL 4.04%
TREASURY BILL 3.76%
TREASURY BILL 3.37%
TREASURY BILL 3.35%
TREASURY BILL 3.35%
Total 41.37%

Overview of the underlying fund Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF

Investment The Fund invests in a portfolio of fixed-rate, short-term US Dollar-denominated US

Objective Treasury securities that so far as possible and practicable consists of a
representative sample of the component securities of the Index.

Investment The Index measures the performance of US dollar denominated bonds paying a
Strategy fixed rate of interest issued by the US government. Bonds in the Index have
maturities of less than one year and include US Treasury bills, notes and bonds
with remaining maturities between one month and one year.

AUM 2,595 USD in million

Benchmark Bloomberg Short Treasury Index

Performance
Fund Benchmark
Period
1-year 5.14% 5.16%
3-year 2.10% 2.15%
Since Inception 1.85% 1.91%

Performance as at 31 January 2024. Subject to change. Net performance returns

given in USD. Past performance may or may not be sustained in future and should
not be used as a basis for comparison with other investments. Inception: 02
September 2020.

Total Expense As at 31 January 2024, the Total Expense Ratio was 0.07%.
Ratio

Top ten holdings Please see the table below:

as at 31 January Fund
2024. Top 10 Holdings
%
TREASURY BILL 3.55%

TREASURY BILL 3.48%

TREASURY BILL 3.04%

TREASURY BILL 2.98%

TREASURY BILL 2.47%

TREASURY BILL 2.47%

TREASURY BILL 2.45%

TREASURY BILL 2.43%

TREASURY BILL 2.38%

TREASURY BILL 2.36%

Total 27.61%

Overview of the underlying fund iShares $ Treasury Bond 3-7yr UCITS ETF
31
Investment The Fund seeks to track the performance of an index composed of US Dollar
Objective denominated government bonds issued by the US Treasury.

Investment The Fund seeks to track the performance of an index composed of US Dollar
Strategy denominated government bonds issued by the US Treasury.
The ICE U.S. Treasury 3-7 Year Bond Index is part of a series of indices intended to
assess the U.S. Treasury market. The Index is market value weighted and is
designed to measure the performance of U.S. dollar-denominated, fixed rate
securities with a minimum term to maturity greater than three years and less than
or equal to seven years.

AUM 6,849.64 USD in million

Benchmark ICE U.S. Treasury 3-7 Year Bond Index

Performance
Fund Benchmark
Period
1-year 2.63% 2.65%
3-year -2.44% -2.42%
5-year 0.85% 0.88%
10-year 1.18% 1.27%
Since Inception 1.88% 2.03%

Performance as at 31 January 2024. Subject to change. Net performance returns

given in USD. Past performance may or may not be sustained in future and should
not be used as a basis for comparison with other investments. Share class
inception: 03 June 2009.

Total Expense As at 31 January 2024, the Total Expense Ratio was 0.07%.
Ratio

Top ten holdings Please see the table below:

as at 31 January Fund
2024 Top 10 Holdings
%
US TREASURY N/B 2.25%
TREASURY NOTE 2.15%
TREASURY NOTE 1.65%
TREASURY NOTE 1.59%
TREASURY NOTE 1.58%
TREASURY NOTE 1.56%
TREASURY NOTE 1.48%
TREASURY NOTE 1.46%
TREASURY NOTE 1.44%
TREASURY NOTE 1.41%
Total 16.57%

Overview of the underlying fund iShares Treasury Floating Rate Bond ETF

Investment The iShares Treasury Floating Rate Bond ETF seeks to track the investment results
Objective of an index composed of U.S. Treasury floating rate bonds.

Investment The Fund seeks to track the investment results of the Bloomberg U.S. Treasury
Strategy Floating Rate Index (the “Underlying Index”), which is a market capitalization
weighted index that measures the performance of floating rate public obligations
of the U.S. Treasury.
The Fund will invest at least 80% of its assets in the component securities of the
Underlying Index, and the Fund will invest at least 90% of its assets in U.S.
Treasury securities that BFA believes will help the Fund track the Underlying

32
 Index. The Fund will invest no more than 10% of its assets in futures, options and
swaps contracts that BFA believes will help the Fund track the Underlying Index.
Cash and cash equivalent investments associated with a derivative position will be
treated as part of that position for the purposes of calculating the percentage of
investments included in the Underlying Index. The Fund seeks to track the
investment results of the Underlying Index before fees and expenses of the Fund.

AUM 9,386.34 USD in million

Benchmark Bloomberg Barclays US Treasury Floating Rate Index

Performance
Fund Benchmark
Period
1-year 5.29% 5.44%
3-year 2.48% 2.64%
5-year 1.95% 2.11%
Since Inception 1.33% 1.45%
Performance as at 31 January 2024. Subject to change. Net performance returns
given in USD. Past performance may or may not be sustained in future and should
not be used as a basis for comparison with other investments. Inception: 03
February 2014.

Total Expense As at 31 January 2024, the Total Expense Ratio was 0.15%.
Ratio

Top ten holdings Please see the table below:

as at 30 January Fund
2024. Top 10 Holdings
%
TREASURY FLOATING RATE NOTE 17.62%
TREASURY FLOATING RATE NOTE 13.84%
TREASURY FLOATING RATE NOTE 13.51%
TREASURY FLOATING RATE NOTE 13.02%
TREASURY FLOATING RATE NOTE 12.44%
TREASURY FLOATING RATE NOTE 11.75%
TREASURY FLOATING RATE NOTE 10.34%
TREASURY FLOATING RATE NOTE 5.51%
USD CASH 1.94%
BLK CASH FND TREASURY SL AGENCY 0.04%
Total 100%

E. WHAT ARE THE INVESTMENT STRATEGIES?

The scheme’s investment objective is to generate income & long term capital appreciation by investing
in units of ETFs and/or Funds focused on US Treasury Bonds. The proportion of an investment in an
underlying funds/ETFs will be determined based on discretion of the fund manager of the Scheme
considering prevailing market conditions, the macroeconomic environment (including interest rates
and inflation), general liquidity and other considerations in the economy and markets. Fund manager
can dynamically change the duration of overall portfolio by adding or removing ETFs and/or Funds

Portfolio Turnover

Portfolio turnover is defined as the lower of the aggregate value of purchases or sales as a percentage
of the corpus of a scheme during a specified period of time. This will exclude purchases and sales of
money market securities. The Scheme is open ended, with subscriptions and redemptions expected on
a daily basis, resulting in net inflow/outflow of funds, and on account of the various factors that affect
portfolio turnover; it is difficult to give an estimate, with any reasonable amount of accuracy.

Therefore, the Scheme has no specific target relating to portfolio turnover.

33
F. FUNDAMENTAL ATTRIBUTES

Following are the Fundamental Attributes of the Scheme, in terms of Regulation 18 (15A) of the SEBI
(MF) Regulations:

(i) Type of Scheme – An open ended fund of funds scheme investing in units of ETFs and/or Funds
focused on US Treasury Bonds

(ii) Investment Objective

 Main Objective –Investment pattern – Please refer “How will the Scheme allocate its assets?”

(iii) Terms of Issue

 Liquidity provisions such as listing, repurchase, redemption. Please refer, section on “Units and
Offer”
 Aggregate fees and expenses charged to the Scheme. Please refer, section on “Fees and
Expenses”
 Any safety net or guarantee provided – Not applicable.

In accordance with Regulation 18(15A) of the SEBI (MF) Regulations, the Trustee shall ensure that no
change in the fundamental attributes of the Scheme and the Plan(s)/Option(s) thereunder or the trust
or fees and expenses payable or any other change which would modify the Scheme and the Plan(s)/
Option(s) thereunder and affect the interests of Unit Holders is carried out unless:

 An application has been made with SEBI and views/comments of SEBI are sought on the proposal
for fundamental attribute changes;
 A written communication about the proposed change is sent to each Unit Holder and an
advertisement is given in one English daily newspaper having nationwide circulation as well as in a
newspaper published in the language of the region where the Head Office of the Mutual Fund is
situated and
 The Unit Holders are given an option for a period of 30 days to exit at the prevailing NAV without
any exit load.

G. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE?

The performance of the scheme will be benchmarked against S&P U.S. Treasury Bond Index.

Rationale: The S&P U.S. Treasury Bond Index is a broad, comprehensive, market-value weighted index
that seeks to measure the performance of the U.S. Treasury Bond market. Index is best suited for
benchmarking as its composition aligns with the investment universe of the scheme without any
restriction on duration of bonds.

The Trustee may change the benchmark for any of the Schemes in future, if a benchmark better suited
to the investment objective of that Scheme is available at such time and as per the guidelines and
directives issued by SEBI from time to time.

Methodology:

INDEX OBJECTIVE
The S&P U.S. Treasury Bond Index is a broad, comprehensive, market-value weighted index that seeks
to measure the performance of the U.S. Treasury Bond market.

ELIGIBILITY CRITERIA

Country and Market of Issue. Sovereign Bonds must be debt issued by the central governments of US
and must be issued in the domestic markets.

Currency. Sovereign bonds must be issued in the domestic currency of the issuer\

Coupon Type. The following coupon types are eligible: • Fixed Rate • Zero Coupon • Step-up • Fixed-
to-Float.

34
Maturity. The maturity date must be greater than one month from the rebalancing date. No bond
matures in the index.

Minimum Notional Outstanding - $1 Bn

INDEX CONSTRUCTION

Weight – Constituent are market value weighted

H. WHO WILL MANAGE THE SCHEME?

Below are the Fund Managers who manage the investments of the Scheme. The details are as under:

Fund Age Total Qualifications Brief Experience Other Scheme

Manager experience managed
Mr. Jay 42 >18 years Bachelor in Over 18 years of experience as DSP Equity
Kothari yea Managemen t detailed under: From 2010 to Opportunities
rs Studies (BMS) present – Vice President in Fund, DSP Equity
Equity Investments and a Savings Fund, DSP
Mumbai
Product Strategist at DSPIM Focus Fund, DSP
University MBA From 2005 to 2010 – Mumbai Global Innovation
(Finance) - Banking Sales Head at DSPIM Fund of Fund, DSP
Mumbai From 2002 to 2003 - Priority Global Allocation
University Banking division at Standard Fund, DSP
Chartered Bank. Healthcare Fund,
DSP India T.I.G.E.R
Fund, DSP Mid Cap
Fund, DSP Natural
Resources & New
Energy Fund, DSP
Regular Savings
Fund, DSP Small
Cap Fund, DSP Top
100 Equity Fund,
DSP US Flexible^
Equity Fund, DSP
Value Fund, DSP
World Agriculture
Fund, DSP World
Energy Fund, DSP
World Gold Fund of
Fund, DSP World
Mining Fund, DSP
Multi Asset Fund,
DSP Multicap Fund,
DSP Banking &
Financial Services
Fund

^The term “Flexible” in the name of the Scheme signifies that the Investment Manager of the
Underlying Fund can invest either in growth or value investment characteristic securities placing an
emphasis as the market outlook warrants.

I. WHAT ARE THE INVESTMENT RESTRICTIONS?

1. The Mutual Fund shall buy and sell securities on the basis of deliveries and shall in all cases of
purchases, take delivery of relevant securities and in all cases of sale, deliver the securities:

Provided further that sale of government security already contracted for purchase shall be
permitted in accordance with the guidelines issued by the RBI in this regard.

2. The Mutual Fund shall get the securities purchased/transferred in the name of the Mutual Fund
on account of the Schemes, wherever the instruments are intended to be of a long term
35
 nature.

3. Pending deployment of funds of the Scheme in terms of the investment objective of the
Scheme, the Mutual Fund may invest them in short term deposits of scheduled commercial
banks, in terms of shall be in terms of Clause 12.16 of the SEBI Master Circular subject to the
following conditions:

i. “Short Term” for parking of funds shall be treated as a period not exceeding 91 days.
ii. Such short-term deposits shall be held in the name of the Scheme.
iii. The Scheme shall not park more than 15% of their net assets in the short term deposit(s)
of all the scheduled commercial banks put together. However, it may be raised to 20% with
the prior approval of the Trustee. Also, parking of funds in short term deposits of
associate and sponsor scheduled commercial banks together shall not exceed 20% of total
deployment by the Mutual Fund in short term deposits.
iv. The Scheme shall not park more than 10% of their net assets in short term deposit(s) with
any one scheduled commercial bank including its subsidiaries.
v. The Trustee shall ensure that the funds of the Scheme are not parked in the short term
deposits of a bank which has invested in the Scheme.
vi. AMC will not charge any investment management and advisory fees for parking of funds in
short term deposits of scheduled commercial banks.
vii. The Trustee shall also ensure that the bank in which a scheme has short term deposits do
not invest in the scheme until the scheme has short term deposits with such bank.

The above provisions do not apply to term deposits placed as margins for trading in cash and
derivative market.

Note: The above limits are subject to limits mentioned in the asset allocation table of Debt /
Money Market instruments.

4. The Scheme shall not make any investment in:

i. any unlisted security of any associate or group company of the Sponsors; or
ii. any security issued by way of private placement by an associate or group company of
the Sponsors; or
iii. the listed securities of group companies of the Sponsors, which is in excess of 25% of the
net assets.

5. No term loans for any purpose may be advanced by the Mutual Fund and the Mutual Fund shall
not borrow except to meet temporary liquidity needs of the Schemes for the purpose of
repurchase, redemption of Units or payment of interest or IDCWs to Unit Holders, provided
that the Mutual Fund shall not borrow more than 20% of the net assets of each of the
Schemes and the duration of such borrowing shall not exceed a period of six months.

6. The Scheme shall not invest into another Fund of Funds Scheme.

7. The Scheme shall not make any investment in derivatives instruments.

8. The Scheme will not invest in equity linked debentures.

9. The Scheme will not invest in Securitized Debt.

10. The Scheme will not invest in Repo of money market or corporate debt securities and
corporate reverse repo.

11. The Scheme will not invest in unrated debt instruments

12. The Scheme will not invest in Credit Default Swaps.

13. The Scheme will not invest in Debt instruments having Structured Obligations / Credit
Enhancements.

14. The Scheme will not invest in securities covered under Clause No. 12.2 of the SEBI Master
Circular.

36
 15. The Scheme will not engage in Stock Lending and Borrowing.

16. The cumulative gross exposure through units of underlying funds and other permitted
securities/assets and such other securities/assets as may be permitted by the Board from time
to time shall not exceed 100% of the net assets of the scheme. However, the following shall
not be considered while calculating the gross exposure:
(a) Security-wise hedged position and
(b) Exposure in cash or cash equivalents with residual maturity of less than 91 days.

17. No sponsor of a mutual fund, its associate or group company including the asset management
company of the fund, through the schemes of the mutual fund or otherwise, individually or
collectively, directly or indirectly, have –
a. 10% or more of the share-holding or voting rights in the asset management company or the
trustee company of any other mutual fund; or
b. representation on the board of the asset management company or the trustee company of
any other mutual fund.

18. The Scheme will comply with any other Regulations applicable to the investment of mutual
funds from time to time.

These investment limitations/parameters as expressed (linked to the Net Asset/Net Asset

Value/capital) shall, in the ordinary course, apply as at the date of the most recent transaction or
commitment to invest, and changes do not have to be effected merely because, owing to appreciation
or depreciation in value or by reason of the receipt of any rights, bonuses or benefits in the nature of
capital or of any Scheme of arrangement or for amalgamation, reconstruction or exchange, or at any
repayment or redemption or other reason outside the control of the Mutual Fund, any such limits would
thereby be breached. If these limits are exceeded for reasons beyond its control, the AMC shall adopt
as a priority objective the remedying of that situation, taking due account of the interests of the Unit
Holders.

Apart from the Investment Restrictions prescribed under the SEBI (MF) Regulations, internal risk
parameters for limiting exposure to a particular scheme may be prescribed from time to time to respond
to the dynamic market conditions and market opportunities.

The Trustee /AMC may alter the above stated limitations from time to time, and also to the extent the
SEBI (MF) Regulations change, so as to permit the Scheme to make their investments in the full
spectrum of permitted investments in order to achieve their investment objective.

All the investment restrictions shall be applicable at the time of making investments.

J. HOW HAS THE SCHEME PERFORMED?

This being a new Scheme, there is no performance track record.

Disclosure as per Clause No. 5.8.1.2 of the SEBI Master Circular:

SCHEME PORTFOLIO HOLDING (TOP 10 HOLDINGS)

Top 10 Holdings issuer wise % of Scheme

This being a new Scheme, this is not available.

Link to the scheme’s latest monthly portfolio holding: https://www.dspim.com/about-us/mandatory-

disclosure/portfolio-disclosures

Note: The portfolio shall be available, once the portfolio has been constructed.

SECTOR ALLOCATION

Sector wise break up

Sector % of Scheme
This being a new Scheme, this is not available.
37
 Portfolio Turnover Ratio: This being a new Scheme, this is not available.

Expense ratio of underlying scheme(s): (as on January 31, 2024)

Underlying Fund(s) Rate

iShares $ Treasury Bond 7-10yr UCITS ETF 0.07%
SPDR Bloomberg 1-3 Month T-Bill ETF 0.10%
iShares Short Treasury Bond ETF 0.15%
iShares $ Treasury Bond 1-3yr UCITS ETF 0.07%
Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF 0.07%
iShares $ Treasury Bond 3-7yr UCITS ETF 0.07%
iShares Treasury Floating Rate Bond ETF 0.15%

K. INVESTMENT BY THE AMC:

In terms of sub-regulation 16(A) in Regulation 25 of SEBI (Mutual Funds) Regulations, 1996 read along
with Clause No. 6.9 of the SEBI Master Circular and AMFI Best Practice Guidelines Circular No.100
/2022-23 dated April 26, 2022 on ‘Alignment of interest of AMCs with the Unitholders of the Mutual
Fund schemes’, the AMC shall invest such amounts in such schemes of the mutual fund, based on the
risks associated with the schemes, as may be specified by the SEBI from time to time.

L. HOW IS THE SCHEME DIFFERENT FROM THE EXISTING FUND OF FUNDS SCHEMES OF THE MUTUAL
FUND?

Scheme Name Investment Objective Asset Allocation Number of Folios AUM as on

(January 31, January 31, 2024
2024) (Rs. in crores)
Direct Regular Direct Regular
Plan Plan Plan Plan

DSP World An open ended Fund of Units of Units of BGF

Energy Fund Funds Scheme investing – WEF# and BGF-SEF#
in international funds and or other similar
the primary investment overseas mutual
objective of the Scheme fund scheme(s) – 95%
is to seek capital to 100%
appreciation by investing
predominantly in the Money market
units of BlackRock Global securities and/or
Funds – World Energy units of money
Fund (BGF – WEF) and market/liquid
Global Funds – Schemes of DSP
Sustainable Energy Fund Mutual Fund – 0% to
(BGF – SEF). The Scheme 5%
2411 2464 97.05 39.50
may, at the discretion of
the Investment Manager, # in the shares of
also invest in the units of BGF – WEF and BGF -
other similar overseas SEF, an Undertaking
mutual fund schemes, for Collective
which may constitute a Investment in
significant part of its Transferable
corpus. The Scheme may Securities (UCITS) III
also invest a certain fund.
portion of its corpus in
money market securities
and/or money
market/liquid schemes of
DSP Mutual Fund, in order

38
Scheme Name Investment Objective Asset Allocation Number of Folios AUM as on
(January 31, January 31, 2024
2024) (Rs. in crores)
Direct Regular Direct Regular
Plan Plan Plan Plan

to meet liquidity
requirements from time
to time. There is no
assurance that the
investment objective of
the Scheme will be
realized.
DSP Global The primary investment Units of Global
Allocation Fund objective of the Scheme (including Indian)
of Fund is to seek capital Equity funds/ ETFs &
appreciation by Fixed income
dynamically investing in funds/ETFs – 95% to
units of Global (including 100%
Indian) Equity funds/ETFs
& Fixed income Money market
funds/ETFs. The Scheme securities and/or
may also invest a certain units of money
portion of its corpus in market/liquid
1263 1797 30.20 27.64
money market securities schemes of DSP
and/or money Mutual Fund – 0% to
market/liquid schemes of 5%
DSP Mutual Fund, in order
to meet liquidity
requirements from time
to time. However, there
is no assurance that the
investment objective of
the Scheme will be
realized.
DSP World The primary investment Units of BGF – NF# or
Agriculture objective of the Scheme other similar
Fund is to seek capital overseas mutual
appreciation by investing fund scheme(s) - 95%
predominantly in units of to 100%
BlackRock Global Funds
Nutrition Fund (BGF - Money market
NF). The Scheme may, at securities and/or
the discretion of the units of money
Investment Manager, also market/ liquid
invest in the units of schemes of DSP
other similar overseas Mutual Fund – 0% to
mutual fund schemes, 5%
which may constitute a
978 763 6.49 10.26
significant part of its # in the shares of
corpus. The Scheme may BGF – NF, an
also invest a certain Undertaking for
portion of its corpus in Collective
money market securities Investment in
and/ or money Transferable
market/liquid schemes of Securities (UCITS) III
DSP Mutual Fund, in order fund.
to meet liquidity
requirements from time
to time. However, there
is no assurance that the
investment objective of
the Scheme will be

39
Scheme Name Investment Objective Asset Allocation Number of Folios AUM as on
(January 31, January 31, 2024
2024) (Rs. in crores)
Direct Regular Direct Regular
Plan Plan Plan Plan

realized.

It shall be noted ‘similar

overseas mutual fund
schemes’ shall have
investment objective,
investment strategy and
risk profile/consideration
similar to those of BGF –
NF.
DSP World Gold The primary investment Units/securities
Fund of Fund objective of the Scheme issued by overseas
is to seek capital Exchange
appreciation by investing Traded Funds (ETFs)
in units/securities issued and/or overseas
by overseas Exchange funds and/or units
Traded Funds (ETFs) issued by domestic
and/or overseas funds mutual funds that
and/or units issued by provide exposure
domestic mutual funds to Gold/Gold Mining
that provide exposure to theme – 95% to 100%
Gold/ Gold Mining theme.
The Scheme may also Money market
16985 25406 380.86 387.80
invest a certain portion securities and/or
of its corpus in money units of money
market securities and/or market/liquid
money market/liquid schemes of DSP
schemes of DSP Mutual Mutual Fund – 0% to
Fund, in order to meet 5%
liquidity requirements
from time to time.
However, there is no
assurance that the
investment objective of
the Scheme will be
realized.
DSP World The primary investment Units of BGF – WMF#
Mining Fund objective of the Scheme or other similar
is to seek capital overseas mutual
appreciation by investing fund scheme(s) – 95%
predominantly in the to 100%
units of BlackRock Global
Funds – World Mining Money market
Fund. The Scheme may, securities and/or
at the discretion of the units of money
Investment Manager, also market/liquid
invest in the units of schemes of DSP 7978 5447 87.13 64.14
other similar overseas Mutual Fund – 0% to
mutual fund schemes, 5%
which may constitute a
significant part of its #in the shares of BGF
corpus. The Scheme may – WMF, an
also invest a certain Undertaking for
portion of its corpus in Collective
money market securities Investment in
and/or money market/ Transferable
liquid schemes of DSP Securities (UCITS) III

40
Scheme Name Investment Objective Asset Allocation Number of Folios AUM as on
(January 31, January 31, 2024
2024) (Rs. in crores)
Direct Regular Direct Regular
Plan Plan Plan Plan

Mutual Fund, in order to fund.

meet liquidity
requirements from time
to time.
There can be no
assurance that the
investment objective of
the Scheme will be
realized.
DSP US The primary investment Units of BGF –
Flexible^ objective of the Scheme USFEF# or other
Equity Fund is to seek capital similar overseas
appreciation by investing mutual fund
^The term predominantly in units of scheme(s) – 95% to
“Flexible” in Global Funds US Flexible 100%
the name of the Equity Fund (BGF -
Scheme signifies USFEF). The Scheme Money market
that the may, at the discretion of securities and/or
Investment the Investment Manager, units of money
Manager of the also invest in the units of market/liquid
Underlying Fund other similar overseas schemes of DSP
can invest mutual fund schemes, Mutual Fund – 0% to
either in growth which may constitute a 5%
or value significant part of its
investment corpus. The Scheme may #in the shares of BGF
characteristic also invest a certain – USFEF, an
securities portion of its corpus in Undertaking for
14017 21255 425.30 409.34
placing an money market securities Collective
emphasis as the and/ or money Investment in
market outlook market/liquid schemes of Transferable
warrants. DSP Mutual Fund, in order Securities (UCITS) III
to meet liquidity fund.
requirements from time
to time. It shall be noted
‘similar overseas mutual
fund schemes’ shall have
investment objective,
investment strategy and
risk profile/consideration
similar to those of BGF –
USFEF.
There is no assurance
that the investment
objective of the Scheme
will be realized.

41
 Scheme Name Investment Objective Asset Allocation Number of Folios AUM as on
(January 31, January 31, 2024
2024) (Rs. in crores)
Direct Regular Direct Regular
Plan Plan Plan Plan

DSP Global The primary investment Units of Innovation

Innovation objective of the scheme funds as listed below
Fund of Fund is to seek capital : 95% - 100%
appreciation by investing Money market
in global mutual funds securities and/or
schemes and ETFs that units of money
primarily invest in market/liquid
companies with schemes of DSP
innovation theme having Mutual Fund :
potential for higher 0% - 5%
revenue and earnings
growth. The Scheme intends
The Scheme may also to invest in following
invest a certain portion Innovation Funds :
of its corpus in money
market securities and/or 1. iShares PHLX
money market/liquid Semiconductor ETF
schemes of DSP Mutual 2. BGF World Tech 15271 56187 211.89 488.71
Fund, in order to meet fund D2 USD
liquidity requirements 3. iShares NASDAQ
from time 100 UCITS ETF
to time. 4. Baillie Gifford
However, there is no Worldwide Long
assurance that the term Global
investment objective of growth fund
the Scheme will be 5. Nikko AM ARK
realized. Disruptive
Innovation Fund
6. Morgan Stanley US
Insight Fund
7. Bluebox Global
Technology Fund
8. BGF Next
Generation
Technology Fund

It is to be noted that the captioned scheme is a new scheme offered by the Fund and is not a minor
modification of any other existing scheme/product of the Fund.

For detailed of asset allocation of the aforesaid schemes you may refer its Scheme Information documents
available on www.dspim.com.

42
SECTION III - UNITS AND OFFER

This section provides details an investor needs to know for investing in the Scheme.

A. NEW FUND OFFER (NFO)

New Fund Offer Period NFO for DSP US Treasury Fund of Fund opens on: March 07, 2024 and Closes
(This is the period during on: March 13, 2024
which a new scheme sells its
units to the investors.) As per SEBI circular SEBI/HO/IMD/IMD-RAC-2/P/CIR/2023/60 dated April 25,
2023, the NFO shall remain open for subscription for a minimum period of three
working days. Further, as per Clause 1.10.1 of the SEBI Master Circular the
maximum number of days for which the NFO will be open shall be 15 days.

Extension or Termination of NFO Period

In case the NFO Opening/ Closing Date is subsequently declared as a non-
Business Day, the following Business Day will be deemed to be the NFO
Opening/ Closing Date. The AMC/Trustee reserves the right to change the New
Fund Offer Period, subject to the condition that the subscription list of the New
Fund Offer Period shall not be kept open for more than 15 days. An addendum
shall be uploaded on the AMC website i.e. www.dspim.com notifying the change
in the NFO Dates / Period.

New Fund Offer (NFO) Price: The corpus of the Scheme will be divided into Units having an initial value of Rs.
(This is the price per unit that 10/- each. The Units can be purchased at this price during the NFO period of
the investors have to pay to the Scheme.
invest during the NFO.)
Minimum Amount for Rs. 100/-.
Application in the NFO
(The minimum application amount will not be applicable for investment made
in the Scheme in line with SEBI guidelines on Alignment of interest of
Designated Employees of AMC.)
Minimum Target amount The Mutual Fund seeks to collect a minimum subscription amount of Rs. 10
(This is the minimum amount crore in the Scheme during the NFO period. In the event this amount is not
required to operate each raised during the NFO period, the amount collected under the Scheme will be
Scheme and if this is not refunded to the applicants as mentioned in the section, ‘Refund’.
collected during the NFO
period, all investors would be
refunded the amount invested
without any return. However,
if the AMC fails to refund the
amount within 5 business days
from the closure of the NFO,
interest as specified by SEBI
(currently 15% p.a.) will be
paid to the investors from the
expiry of fifth business day
from the date of closure of
the subscription period.)
Maximum Amount to be There is no maximum subscription amount for the Scheme to be raised and
raised therefore, subject to the applications being in accordance with the terms of
(This is the maximum amount this offer, full allotment will be made to the applicants.
which can be collected during
the NFO period, as decided by
the AMC.)
Plans Available under the • Regular Plan
Scheme • Direct Plan

Processing of Application Form/Transaction Request: The below table

summarizes the procedures which would be adopted while processing
application form/transaction request by the AMC.

Sr AMFI Registration Number Plan as selected Transaction shall

43
 No (ARN) Code/Direct/Blank in the application be processed and
. as mentioned in the form/transaction Units shall be
application form/ request allotted under
transaction request
1 Not mentioned Not mentioned Direct Plan
2 Not mentioned Direct Direct Plan
3 Not mentioned Regular Direct Plan
4 Mentioned Direct Direct Plan
5 Direct Not Mentioned Direct Plan
6 Direct Regular Direct Plan
7 Mentioned Regular Regular Plan
8 Mentioned Not Mentioned Regular Plan

In cases of wrong/ invalid/ incomplete / suspended / cancelled ARN codes

mentioned on the application form, the application shall be processed under
Direct Plan or may be rejected without any notice.
Options offered under the • Growth
Scheme  Income Distribution cum Capital Withdrawal option (IDCW)
1. Payout of Income Distribution cum Capital Withdrawal (IDCW)
2. Reinvestment of Income Distribution cum Capital Withdrawal (IDCW)

Default Option
- Growth Option in case Growth Option or Income Distribution cum Capital
Withdrawal (IDCW) Option is not indicated.
- Payout sub-option in case Payout of IDCW Option or Reinvestment of IDCW
Option is not indicated.

(i) Growth Option - Option A

The Mutual Fund will not declare any IDCWs under this option. The income
earned under this Option will remain invested in the option and will be
reflected in the NAV. This option is suitable for investors who are not looking
for current income but who have invested with the intention of capital
appreciation. Moreover, if Units under this option are held as capital asset for a
period of greater than twelve months from the date of acquisition, Unit Holders
will get the benefit of long term capital gains tax.

(ii) Income Distribution cum Capital Withdrawal option (Option B)

The above Option is suited for investors seeking income through IDCWs declared
by the Scheme. Only Unit Holders opting for the IDCW Option (Option B) will
receive IDCWs. The Trustee, in its sole discretion, may also declare interim
IDCWs.

This Option in turn offers two sub-options i.e. “Payout IDCW” and “Reinvest
IDCW”, as under:

 Payout IDCW

As per the SEBI (MF) Regulations, the Mutual Fund shall dispatch IDCW proceeds
to the Unit Holders within 7 Working Days of the record date of the IDCW.
IDCWs will be paid by cheque, net of taxes, as may be applicable. Unit Holders
will also have the option of direct payment of IDCW to the bank account. The
cheques will be drawn in the name of the sole/first holder and will be posted to
the registered address of the sole/first holder as indicated in the original
application form.

To safeguard the interest of Unit Holders from loss or theft of IDCW cheques,
investor should provide the name of their bank, branch and account number
in the Application Form. IDCW cheques will be sent to the Unit Holder after
incorporating such information.

44
Investors may however note that in case the IDCW distributed (net of tax
deducted at source, wherever applicable) is for an amount equal to or less than
Rs. 100/-, the IDCW, instead of being paid out to the Unit holder will be
reinvested by issuing additional Units of the Scheme at the Applicable NAV on
the next Business day after the Record Date. The additional Units issued and
held as long term capital asset will get the benefit of long-term capital gains
tax if sold after being held for greater than twelve months. For this purpose,
twelve months will be computed from the date when such additional units are
allotted.

 Reinvest IDCW

Under this sub-option, IDCWs are reinvested by way of allotment of additional

Units of the Scheme, instead of receiving IDCW payout. Such additional Units by
way of reinvestment of IDCWs will be at the Applicable NAV on the next
Business day after the Record Date. The additional Units issued under this sub-
option and held as long term capital asset will get the benefit of long-term
capital gains tax if sold after being held for greater than twelve months. For
this purpose, twelve months will be computed from the date when such
additional units are allotted.

Effect of IDCW: On declaration of IDCW, the NAV of the IDCW option will
further stand reduced by the applicable statutory levy/surcharge/cess/ any
other levy payable by the scheme in respect of separate category of investors if
any. Notwithstanding varying rates of statutory levies, the ex- IDCW NAV will
remain the same for all categories of investors in a particular option, though
the amount of IDCW received by Unit Holders may vary depending on the
category of each Unit Holder. For details on taxation of IDCW please refer the
SAI.
Notes:
a. The Trustee intends to declare IDCWs comprising substantially of net
income and net capital gains. It should be noted that the actual
distribution of IDCWs and frequency of distribution will be entirely at
the discretion of the Trustee. To the extent the entire net income and
realised gains are not distributed, it will remain invested in the Option
and reflected in the NAV.
b. An investor on record for the purpose of IDCW distributions is an
investor who is a Unit Holder as of the Record Date. In order to be a
Unit Holder, an investor has to be allocated Units representing receipt
of clear funds by the Scheme.
c. Investors should indicate the name of the Scheme and/or Option,
clearly in the application form. In case of valid applications received,
without indicating the Scheme and/or Option etc. or where the details
regarding Option are not clear or ambiguous, the following defaults will
be applied:

If no indication is given under the following Default

Option – Growth/IDCW Growth

Sub-option – Payout IDCW/Reinvest IDCW Payout IDCW

Investors shall note that once Units are allotted, AMC shall not entertain
requests regarding change of Option, with a retrospective effect. Investors shall
also note that any change in IDCW sub-option, due to additional investment or
on the basis of a request received from the investor, will be applicable to all
existing Units in the IDCW option of the Scheme.

45
IDCW Policy The Trustee intends to declare IDCWs comprising substantially of net income
and net capital gains. It should be noted that the actual distribution of IDCWs
and frequency of distribution will be entirely at the discretion of the Trustee.
To the extent the entire net income and realised gains are not distributed, it
will remain invested in the Option and reflected in the NAV.

Effect of IDCW: Post declaration of IDCW, the NAV of the Units under the IDCW
Payout Option (Option B) will stand reduced by the amount of IDCW declared
and applicable IDCW distribution tax/surcharge/cess/any other statutory levy.
Dematerialisation Investors subscribing for the Units (other than by way of switch-in) may opt to
hold Units in dematerialized mode by filling and providing details of their demat
account in the specified application form. Units shall be allotted in physical
form by default, unless the investors intimate their intention of holding Units in
demat form by filling in the specified application form. This option shall be
available in accordance with the provisions laid under the respective scheme(s)
and in terms of guidelines/procedural requirements as laid by the depositories
(NSDL/CDSL) from time to time.

Investors intending to hold the Units in Demat form are required to have a
beneficiary account with the Depository Participant (DP) registered with
NSDL/CDSL and will be required to indicate in the specified application form,
the DP’s name, DP ID number and the beneficiary account number of the Unit
holder with the DP. In case the Demat account details are not provided or the
details are incomplete or the details do not match with the records as per
Depository(ies), Units will be allotted in physical form. The sequence of
names/pattern of holding as mentioned in the application form must be same as
that in the demat account. Units shall be credited to the investors’ demat
account only after the funds are credited into the Mutual Fund’s scheme(s)
account to the satisfaction of the AMC.

In case of credit of Units to depository account, applicants’ details like the

mode of holding, bank account, correspondence address, payment bank,
nomination etc. will be considered as appearing in the depository account for
various purposes. For any subsequent change in static information like address,
bank details, nomination etc. investors should approach their respective
depository.

If the demat account details do not match with applicants' name and order,
units will be allotted the in physical form. Bank details in such cases shall be
captured from the payment instrument provided by the investor.

In case, the Unit holder desires to hold the Units in a

Dematerialized/Rematerialized form at a later date, the request for conversion
of units held in non-demat form into Demat (electronic) form or vice-versa
should be submitted alongwith a Demat/Remat Request Form to their
Depository Participants. Rematerialization of Units will be in accordance with
the provisions of SEBI (Depositories & Participants) Regulations, 2018 as may be
amended from time.

The asset management company shall issue units in dematerialized form to a

unit holder in a scheme within two working days of the receipt of request from
the unit holder.

Units held in demat form will be transferable subject to the provisions laid
under the respective Scheme(s)/Plan(s) and in accordance with provisions of
Depositories Act, 1996 and the Securities and Exchange Board of India
(Depositories and Participants) Regulations, 2018 as may be amended from time
to time.
Allotment • Allotment will be completed after due reconciliation of receipt of funds for
all valid applications within 5 Business Days from the closure of the NFO
period. Allotment to NRIs/FIIs/FPIs will be subject to RBI approval, if
required. Subject to the SEBI (MF) Regulations, the Trustee may reject any
application received in case the application is found invalid/incomplete or

46
 for any other reason in the Trustee's sole discretion. For investors who have
given demat account details, the Units will be credited to the investor’s
demat account after due verification and confirmation from NSDL/CDSL of
the demat account details.

• Clear funds should be available to the Fund One business day prior to the
date of allotment in respect of all purchase applications received during
the NFO period. All cases where clear funds have not been identified or not
received One business day prior to the date of allotment for whatsoever
reasons, including technical clearing reasons, will not be considered for
allotment and the amount will be refunded to the investor in due course. The
AMC will not entertain any claims of allotment or compensation in such cases

• An applicant in a scheme whose application has been accepted shall have the
option either to receive the statement of accounts or to hold the units in
dematerialised form and the AMC shall issue to such applicant, a statement
of accounts specifying the number of units allotted to the applicant or issue
units in the dematerialized form as soon as possible but not later than five
working days from the date of closure of the initial subscription list or from
the date of receipt of the application.

• Allotment confirmation specifying the number of Units allotted will be sent

to each Unit Holder who has not provided his demat account details in the
application form for subscription during the NFO at their registered e-mail
address and/or mobile number by way of email and/or SMS within 5 Business
Days from the close of the NFO period of the Scheme.

• For investors who have given demat account details at the time of NFO, the
Units issued by the AMC shall be credited by the Registrar to the investors’
beneficiary account with the DP as per information provided in the
application form and information of allotment will be accordingly sent by the
Registrar.

• The Mutual Fund reserves the right to recover from an investor any loss
caused to the Scheme on account of dishonour of cheques issued by
him/her/it for purchase of Units.

Allotment confirmation

Information about allotment of Units stating the number of Units allotted shall
be sent within 5 Business Days from the close of the NFO Period of the Scheme.

Allotment confirmation specifying the number of Units allotted shall be sent to

the Unit holders at their registered e-mail address and/or mobile number by
way of email and/or SMS within 5 Business Days from the date of receipt of
transaction request.

Where investor desires to hold units in dematerialised from, demat statement

shall be provided by the depository participant in such from and in such manner
and at such time as provided in the agreement with the beneficial owner. The
Statement provided by the depository participant will be equivalent to an
account statement, and no further statement shall be issued by the mutual
fund.

Refund • If the Scheme fail to collect the minimum subscription amount of Rs. 10
Crore, the Mutual Fund shall be liable to refund the money to the applicants.
• Refund of subscription money to applicants whose applications are invalid for
any reason whatsoever, will commence immediately after the closure of the
NFO subject to receipt of funds.
• Refunds will be completed within 5 Business Days from the closure of the
New Fund Offer Period. If the Mutual Fund refunds the amount after 5
Business Days, interest as specified by SEBI (currently, 15% per annum) shall
be paid by the AMC. All applications and/or refunds that are rejected for any
47
 reason whatsoever will be returned through instruments or payment channels
such as RTGS, NEFT, IMPS, direct credit, etc. or any other mode allowed by
Reserve Bank of India from time to time, for payments including refunds to
unitholders in form of the cheque, demand draft. As per the directives issued
by SEBI, it is mandatory for Applicants to mention their bank account
numbers in their applications for purchase of Units. Further, AMCs may also
use modes of despatch such as speed post, courier etc. for payments
including refunds to unitholders in addition to the registered post along with
due acknowledgement.
Who can invest? The following persons (subject to, wherever relevant, purchase of units of
(This is an indicative list and mutual funds, being permitted under respective constitutions, and relevant
you are requested to consult statutory regulations) are eligible and may apply for subscription to the Units of
your financial advisor to the Scheme:
ascertain whether the Scheme • Resident Adult Individuals either singly or jointly (not exceeding three)
is suitable to your risk • Minors through parent/legal guardian
profile.) • Companies, Bodies Corporate, Public Sector Undertakings, association of
persons or bodies of individuals whether incorporated or not and societies
registered under the Societies Registration Act, 1860 (so long as the purchase
of Units is permitted under the respective constitutions)
• Religious, Charitable and Private Trusts, under the provisions of 11(5) of
Income Tax Act, 1961 read with Rule 17C of Income Tax Rules, 1962 (subject
to receipt of necessary approvals as "Public Securities", where required)
• Trustee of private trusts authorised to invest in mutual fund Scheme under
the Trust Deed
• Partnership Firms
• Karta of Hindu Undivided Family (HUF)
• Banks (including Co-operative Banks and Regional Rural Banks) and Financial
Institutions
• NRIs/Persons of Indian Origin residing abroad on full repatriation basis
(subject to RBI approval, if any) or on non-repatriation basis
• Foreign Institutional Investors (FIIs) registered with SEBI on full repatriation
basis (subject to RBI approval, if any)
• Foreign Portfolio Investors (FPI) as defined in Regulation 2(1) (h) of Securities
and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014
• Army, Air Force, Navy and other para-military funds
• Scientific and Industrial Research Organisations
• International Multilateral Agencies approved by the Government of India
• Non-Government Provident/Pension/Gratuity funds as and when permitted to
invest
• Mutual Funds registered under the SEBI (Mutual Funds) Regulations, 1996
• Others who are permitted to invest in the Scheme as per their respective
constitutions
• The scheme of the Mutual Fund, subject to the conditions and limits
prescribed in SEBI (MF) Regulations and/or by the Trustee, AMC or Sponsors
(The AMC shall not charge any fees on such investments).
• The AMC (No fees shall be charged on such investments).

All category of investors (whether existing or new) as permitted above are

eligible to subscribe under Direct Plan. Investments under the Direct Plan can
be made through various mode offered by the Fund for investing directly in the
Fund.

Note: For Investments ‘On behalf of Minor’: Where the investment is on behalf
of minor by the guardian, please note the following important points

a. The minor shall be the sole and only first holder in the account. Nomination
facility is not available for applications/ folios on behalf of a minor. Joint
holders’ details and nomination details, even if mentioned and signed will
not be considered.
b. Guardian of the minor should either be a natural guardian (i.e. father or
mother) or a court appointed legal guardian.
c. Details like minor’s date of birth, Guardian’s relation with Minor, Guardian

48
 name, PAN, KYC are mandatory, along with supporting documents. Photo
copy of the document evidencing the date of birth of minor like
i) Birth certificate of the minor, or
ii) School leaving certificate / Mark sheet issued by Higher Secondary
Board of respective states, ICSE, CBSE etc., or
iii) Passport of the minor, or
iv) any other suitable proof should be attached with the application form.
d. Where the guardian is not a natural guardian (father or mother) and is a
court appointed legal guardian, suitable supporting documentary evidence
should be provided.
e. If the mandatory details and/or documents are not provided, the
application is liable to be rejected without any information to the
applicant.
f. Payment towards subscription/investment through any mode in units of the
schemes of Fund shall be accepted from the bank account of the minor,
bank account of the parent or legal guardian of the minor, or from a joint
bank account of the minor with parent or legal guardian.
g. All redemption proceeds shall be credited only in the verified bank account
of the minor or a joint bank account of the minor with the parent or legal
guardian after completing all KYC formalities.

A minor Unit Holder, on becoming major, may inform the Registrar about
attaining majority, and provide his specimen signature duly authenticated by
his banker as well as his details of bank account and a certified true copy of the
PAN card, KYC details and such other details as may be asked by AMC from time
to time to enable the Registrar to update records and allow the minor turned
major to operate the account in his own right.

Further, all other requirement for investments by minor and process of

transmission shall be followed in line with Clause 17.6 of the SEBI Master
Circular read with SEBI Circular dated May 12, 2023 as amended from time to
time.

Aggregate investment in the scheme under the following categories:

Sr. Category Total amount invested

no. (Amt in crores)
1 AMC’s Board of Directors*
2 Concerned scheme’s Fund Manager(s) and Not applicable
3 Other key managerial personnel

The above investment indicates details of investment where the said

Director/personnel is the first holder.

*Investments made by Mr. Kalpen Parekh (Managing Director and Chief

Executive officer, DSP Asset Managers Private Limited) and Ms. Aditi Kothari
Desai (Director and Head- Digital, Marketing, Strategy & New Initiatives, DSP
Asset Managers Private Limited) have been considered under the category of
AMC’s Board of Directors.

Non-acceptance of subscriptions from U.S. Persons and Residents of Canada

in the Scheme

United States Person (U.S. Person), corporations and other entities organized
under the applicable laws of the U.S. and Residents of Canada as defined under
the applicable laws of Canada should not invest in units of any of the Schemes
of the Fund and should note the following:

• No fresh purchases /additional purchases/switches in any Schemes of the

Fund would be allowed. However, existing Unit Holder(s) will be allowed to
redeem their units from the Schemes of the Fund. If an existing Unit
Holder(s) subsequently becomes a U.S. Person or Resident of Canada, then
such Unit Holder(s) will not be able to purchase any additional Units in any
49
 of the Scheme of the Fund.
However, subscription (including systematic investments) and switch
transactions requests received from U.S. persons who are Non-resident
Indians (NRIs) /Persons of Indian origin (PIO) and at the time of such
investment, are present in India and submit a physical transaction request
along with such documents as may be prescribed by the AMC/ Trustee from
time to time shall be accepted.
The AMC shall accept such investments subject to the applicable laws and
such other terms and conditions as may be notified by the AMC/ Trustee.
The investor shall be responsible for complying with all the applicable laws
for such investments. The AMC reserves the right to reject the transaction
request or redeem with applicable exit load and TDS or reverse allotted
units, as the case may be, as and when identified by the AMC, which are not
in compliance with the terms and conditions notified in this regard.
• For transaction from Stock Exchange platform, while transferring units from
the broker account to investor account, if the investor has U.S./Canadian
address then the transactions, subject to the abovementioned conditions,
may be rejected.
• In case the AMC/Fund subsequently indentifies that the subscription amount
is received from U.S. Person(s) or Resident(s) of Canada, in that case the
AMC/Fund at its discretion shall redeem all the units held by such person
from the Scheme of the Fund at applicable Net Asset Value.

• Applicability and provisions of Foreign Account Compliance Act (FATCA)

For further details relating to FATCA, investors are requested to refer SAI
which is available on the website viz. www.dspim.com
Where can you submit filled Applications can be submitted at any of the official points of acceptance of
up applications for purchase? transactions before the close of the office business hours. The addresses are
given at the end of this SID. Investors can log on to www.camsonline.com for
details of various offices/ISCs of Registrar.

Stock brokers registered with recognized stock exchanges and empanelled with
the AMC shall also be considered as official points of acceptance of
transactions. Please refer to ‘Trading in Units through Stock Exchange
mechanism’ under ‘A. New Fund Offer Details’, for detailed provisions.

ASBA applications can be submitted only at SCSB at their designated branches.

List of SCSBs and their designated branches shall be displayed on the SEBI’s
website (www.sebi.gov.in).
How to Apply? • Please refer to the SAI and application form for instructions.
• Investors intending to trade in Units of the Scheme, will be required to
provide demat account details in the application form, as mentioned under
‘Dematerialisation’.
• Investors intending to apply through ASBA will be required to submit ASBA
form to their respective banks, which in turn will block the amount in their
account as per authority contained in the ASBA form. ASBA form should not
be submitted at location other than SCSB as it will not be processed. For
details on ASBA process please refer the ASBA application form.
• Application form and Key Information Memorandum may be obtained from
Official Points of Acceptance (OPAs) / Investor Service Centres (ISCs) of the
AMC or RTA or Distributors or can be downloaded from our website
www.dspim.com.
• The list of the OPA / ISC are available on our website as well. Please refer to
the SAI and Application form for further details and the instructions.
Listing and Transfer of Units The Scheme is open ended and the Units are not proposed to be listed on any
stock exchange. However, the Mutual Fund may, at its sole discretion, list the
Units on one or more Stock Exchanges at a later date, and thereupon the Mutual
Fund will make suitable public announcement to that effect.

The Mutual Fund will offer and redeem Units on a continuous basis during the
Continuous Offer Period.

50
 The Unit holders are given an option to hold the Units by way of an Account
Statement (physical form) or in Dematerialized (demat form). Transfer of Units
is possible in Demat and as well as in non-demat.

Units held in Demat form are transferable (subject to lock-in period, if any and
subject to lien, if any marked on the units) in accordance with the provisions of
SEBI (Depositories and Participants) Regulations, 2018, as may be amended from
time to time. Transfer can be made only in favor of transferees who are
capable of holding Units and having a Demat Account. The delivery instructions
for transfer of Units will have to be lodged with the DP in requisite form as may
be required from time to time and transfer will be effected in accordance with
such rules / regulations as may be in force governing transfer of securities in
dematerialized mode. Further, for the procedure of release of lien, the
investors shall contact their respective DP.

However, if a person becomes a holder of the Units consequent to operation of

law or upon enforcement of a pledge, the Mutual Fund will, subject to
production of satisfactory evidence, effect the transfer, if the transferee is
otherwise eligible to hold the Units. Similarly, in cases of transfers taking place
consequent to death, insolvency etc., the transferee’s name will be recorded by
the Mutual Fund subject to production of satisfactory evidence.
Trading in Units through The facility of transacting through the stock exchange mechanism enables
Stock Exchange Mechanism investors to buy and sell the Units of the Scheme(s) through the stock brokers
registered with the BSE and/or NSE in accordance with the guidelines issued by
SEBI and operating guidelines and directives issued by NSE and/or BSE or such
other recognized stock exchange in this regard and agreed with the Asset
Management Company/Registrar and Transfer Agent. The investor shall be
serviced directly by such stock brokers/ Depository Participant. The Mutual
Fund will not be in a position to accept any request for transactions or service
requests in respect of Units bought under this facility in demat mode.

This facility will be offered to investors who wish to hold Units in

dematerialized form or in physical mode. Further, the minimum purchase/
redemption amount in the respective plan / option of such notified Schemes of
the Fund will be applicable for each transaction. This facility will currently not
support transactions done through switches or facilities such as SWP and STP. In
case of non-financial requests/applications such as change of address, change
of bank details, etc., investors should approach the respective Depository
Participant(s).

Unit holders may have/open a beneficiary account with a Depository Participant

of a Depository and choose to hold the Units in dematerialized mode. The Unit
holders have the option to dematerialize the Units as per the account
statement sent by the Registrar by making an application to the AMC/registrar
for this purpose by making an application to their DP for this purpose.

Rematerialization of Units can be carried out in accordance with the provisions

of SEBI (Depositories and Participants) Regulations, 2018 as may be amended
from time to time. Investors, who wish to get back their securities in physical
form, may request their respective Depository Participant for rematerialization
of Units in their beneficiary accounts.

Transactions conducted through the Stock Exchange mechanism shall be

governed by the SEBI (Mutual Funds) Regulations 1996 and operating guidelines
and directives issued by NSE, BSE or such other recognized exchange in this
regard.

Further, in line with SEBI circular No. SEBI/HO/MRD1/DSAP/CIR/P/2020/29

dated February 26, 2020 as amended from time to time, investors can directly
buy/redeem Units of the Scheme(s) through stock exchange platform.
Payment details The cheque or demand draft should be drawn in favour of the ‘Scheme Name’,
as the case may be, and should be crossed Account Payee Only.

51
 Applications not specifying Schemes/Plans/Options and/or accompanied by
cheque/demand drafts/account to account transfer instructions favouring
Schemes/Plans/Options other than those specified in the application form are
liable to be rejected.

Further, where the Scheme name as written on the application form and on the
payment instrument differs, the proceeds may, at the discretion of the AMC be
allotted in the Scheme as mentioned on the application form.
Special facilities available (i) Switching
during the NFO
During the NFO period (switch request will be accepted upto 3.00 p.m. on the
last day of the NFO), the Unit holders will be able to invest into the NFO of the
Scheme by switching part or all of their Unit holdings held in the existing
schemes of the Mutual Fund.

A switch has the effect of redemption from one scheme/plan/ option and a
purchase in the other scheme/plan/option to which the switching has been
done. The price at which the units will be switched-out will be based on the
redemption price of the scheme from which switch-out is done and the
proceeds will be invested into the Scheme at the NFO Price

Unit holders are requested to note that application for switch-out for units for
which funds are not realized via purchase or switch-in in the scheme of the
Fund shall be liable to be rejected. In other, switch out of units will be
processed only if the funds for such units are realized in the scheme by a way
of payment instructions/ transfer or switch-in funding process.

In case of switch transaction, where the Switch-in to the NFO Scheme could
not be processed for any reason, the switch out amount will be paid to the
investor within 5 business days from closure of the NFO

Further, all switch funding shall be in line with redemption funding timelines
adopted by the concerned scheme i.e. if a scheme follows T+5 payout for
redemption, the switch out funding should also be made on the T+5 and not
earlier or later than T+5, where T is the day of transaction. The funds from the
switch out schemes into the switch in scheme should be received within One
business day prior to the allotment date.

If the New Fund Offer (NFO) is called off for any reason, the Switch Out
amount from other schemes to the NFO scheme will be paid to the investor
within 5 Business Days from closure of the NFO. Investors should note that the
Switch transaction will not be nullified and the switch amount will be paid out
as redemption. Further, such payments will not qualify as delayed payments
and no interest will be payable by the Fund/AMC/RTA in such cases where the
payment date is beyond 5 working days of the switch out date, as the switch
transactions are accepted from the first day of the entire NFO period and the
NFO may be called off after the closure of NFO period.

Systematic Investment Plan (SIP)

Investors can, during the NFO, benefit by investing Rupee amounts periodically
for a continuous period through SIP. SIP allows investors to invest a fixed
amount of Rupees on daily basis or on specific dates every month or quarter by
purchasing Units of the Scheme at the Purchase Price prevailing at such time.

Investors can enroll themselves for SIP (minimum 12 installments) by ticking the
appropriate box in the application form and filling up the relevant SIP form
specifying the amount, period and SIP date. The detailed terms and conditions
are mentioned in the SIP Auto Debit Form. SIP through post-dated cheques will
not be accepted during NFO.

Applications Supported by Blocked Amount (ASBA) facility

52
 ASBA facility will be provided to the investors subscribing to NFO of the
Scheme. It shall co-exist with the existing process, wherein cheques/ demand
drafts are used as a mode of payment. Please refer ASBA application form for
detailed instructions. Please refer the SAI and ASBA application form for
complete details on ASBA.

The policy regarding reissue Not Applicable.

of repurchased units,
including the maximum
extent, the manner of
reissue, the entity (the
Scheme or the AMC) involved
in the same.
Restrictions, if any, on the In the event of an order being received from any regulatory authority/body,
right to freely retain or directing attachment of the Units of any investor, redemption of Units will be
dispose off units being restricted in due compliance of such order.
offered.
Facility to transact in units The AMC has entered into an Agreement with MF Utilities India Pvt. Ltd.(MFUI),
of the Schemes through MF for usage of MF Utility (“MFU”) - a shared services initiative of various Asset
Utility portal & MFUI Points Management Companies, which acts as a transaction aggregation portal for
of Services pursuant to transacting in multiple schemes of various Mutual Funds with a single form and
appointment of MF Utilities a single payment instrument.
India Pvt. Ltd.
Investors can execute financial and non-financial transactions pertaining to
Schemes of the Fund electronically on the MFU portal i.e. www.mfuonline.com
as and when such a facility is made available by MFUI. The MFU portal i.e.
www.mfuonline.com will be considered as Official Point of Acceptance for such
transactions.

The Points of Service (“POS”) of MFUI with effect from the respective dates as
published on MFUI website i.e. www.mfuindia.com against the POS locations
will be considered as Official Point of Acceptance/ Investor Services Centre
where application for financial transactions in schemes of the Fund will be
accepted on an ongoing basis. Further, investors can also submit their non-
financial transaction requests at the POS.

The salient features of the facility to transact in units of the Schemes through
MFU are given below:

1. Common Account Number (“CAN”): Investors are required to submit duly

filled in CAN Registration Form (“CRF”) and prescribed documents at the
MFUI POS to obtain CAN. The CRF can be downloaded from MFUI website i.e.
www.mfuindia.com or can be obtained from MFUI POS.

CAN is a single reference number for all investments in the Mutual Fund
industry, for transacting in multiple schemes of various Mutual Funds through
MFU and to map existing investments, if any.

MFU will map the existing folios of investors in various schemes of Mutual
Funds to the CAN to enable transacting across schemes of Mutual Funds
through MFU. The AMC and / or its Registrar and Transfer Agent (RTA) shall
provide necessary details to MFUI as may be needed for providing the
required services to investors / distributors through MFU.

CAN registered investors can transact in physical mode through MFUI POS by
submitting relevant Common Transaction Form prescribed by MFUI.

2. CAN registered investors can transact through electronic mode through MFU
portal i.e. www.mfuonline.com as and when such a facility is made available
to them by MFUI. The time of transaction submission done through MFU
portal i.e. www.mfuonline.com and the successful receipt of the same in the
servers of MFUI would be the time-stamp for the transaction.

53
 3. Investors not registered with MFUI can also submit their financial & non-
financial transactions request at MFUI POS by giving reference of their
existing folio number allotted by the Fund.

4. The transactions on the MFU portal shall be subject to the terms & conditions
as may be stipulated by MFUI / Mutual Fund / the AMC from time to time.

5. All other terms and conditions of offering of the Scheme as specified in the
SID, KIM and SAI shall be applicable to transaction through MFUI.
Nomination for Mutual Fund Pursuant to Clause 17.16 of SEBI Master Circular and SEBI Circular no.
Unit Holders SEBI/HO/IMD/IMD-I POD1/P/CIR/2023/160 dated September 27, 2023 with
respect to nomination for unitholders, the following shall be considered:

(i) New Investors:

Investors who are subscribing to units of DSP Mutual Fund on or after October 1,
2022, shall submit either the nomination form or the prescribed declaration
form for opting out of nomination in physical or online as per the choice of the
unit holder(s).

a. In case of physical option: The forms shall carry the wet signature of all the
unit holder(s).

b. In case of online option:

(1) The unit holder(s) shall validate the forms by using e-Sign facility
recognized under Information Technology Act, 2000 or
(2) Through two factor authentication (2FA) in which one of the factor shall
be a One-Time Password sent to the unit holders at their email/phone
number registered with the KYC Registration Authority or AMC.

Implication of failure with respect to nomination:

On or after October 01, 2022, the application will be rejected if the applicant
does not provide nomination or does not provide declaration form for opting out
of nomination, duly signed in physical form or through online modes.
(ii) Existing Unitholders:

The existing individual unitholders of DSP Mutual Fund shall provide the
nomination/ opting out of nomination duly signed in physical form or through
online modes on or before December 31, 2023 or such other timeline, failing
which the folios shall be frozen for debits.
(iii) Who cannot nominate:

The nomination can be made only by individuals applying for/holding units on

their own behalf singly or jointly. Non-individuals including a Society, Trust,
Body Corporate, Partnership Firm, Karta of Hindu undivided family, a Power of
Attorney holder and/or Guardian of Minor unitholder Holder of Power of
Attorney (POA) cannot nominate. The application will be rejected if the holder
aforesaid non individual sign the nomination form.

54
B. ONGOING OFFER DETAILS

1. Ongoing/Continuous Offer Period

(This is the date from which the Scheme will reopen for subscriptions/redemptions after the closure of
the NFO period)

The Scheme will reopen for subscription/redemption within 5 Business Days from the date of allotment
of the Scheme.

2. Plans and Options offered under the Scheme

Plans Options Available Sub-Options IDCW Frequency/Record

Date

Regular Plan and Growth - -

Direct Plan IDCW Payout IDCW & At the discretion of Trustee
Reinvest IDCW

If record date for all frequency (other than monthly frequency) falls on a non Business Day, the
immediate next Business Day shall be considered as the Record Date.

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

3. Minimum amount for Application/Redemption

 First Purchase and Subsequent Rs. 100/- and Re. 1/- amount thereafter
Purchase
Note: The minimum application amount will not be
applicable for investment made in schemes in line
with SEBI guidelines on Alignment of interest of
Designated Employees of AMC.
 SIP Purchase Rs. 100/- and any amount thereafter
Minimum amount for Redemption* N.A

*In case of Units held in dematerialized mode, the redemption request can be given only with DPs or
on Stock Exchange Platform and only in number of Units.

4. Ongoing price for subscription (Purchase Price)

(This is the price you need to pay for purchase/switch-in)

Pursuant to Clause 10.4.1.a. of SEBI Master Circular , there is no entry load for purchase of Units of the
Scheme. Accordingly, Purchase Price will be equal to Applicable NAV.

The Purchase Price of the Units on an ongoing basis will be calculated as described below, which is
based on the Applicable NAV

Example: The applicable NAV of the Scheme is Rs. 11.00 p.u. Since Entry load is not applicable, the
purchase / subscription price will be calculated as follows:

Purchase Price = Applicable NAV*(1+Entry Load)

= Rs. 11 *(1+0)
= Rs. 11.00*1
= Rs.11.00

5. Ongoing price for redemption (sale) /switch outs (to other Schemes/plans of the Mutual
Fund)/intra-Plan switching by investors (Redemption Price)

(This is the price you will receive for redemptions/switch outs)

55
Redemption Price of Units will be calculated on the basis of the Applicable NAV, subject to the Exit
Load applicable.
Redemption Price = Applicable NAV x (1 - Exit Load)
Illustration:
Say, Applicable NAV = Rs. 12.0000 and the Exit Load is 0.50%,
Redemption Price = 12 x (1-0.005) = Rs. 11.9400.

Investors may note that the Trustee has the right to modify the existing Load Structure in any manner
or introduce an Exit Load or a combination or Exit Load and/or any other Load subject to a maximum
as prescribed under the SEBI (MF) Regulations. Should the Trustee on any date, impose or enhance any
load, such imposition or enhancement shall be applicable on prospective investment only.

While determining the price of the units, the mutual fund shall ensure that the repurchase price of
scheme is not lower than 95 per cent of the Net Asset Value as provided under SEBI (MF) Regulations.

For details on load structure please see, Section ‘VII. Fees and Expenses, C. Load Structure.’

6. Applicable NAV and Cut-off time

Applicable NAV is the Net Asset Value per Unit at the close of the Business Day on which a valid
application is accepted and time stamped. An application will be considered accepted on a Business
Day, subject to it being complete in all respects and received and time stamped upto the relevant cut-
off time as specified below, at any of the official points of acceptance of transactions. Applications
received via post or courier at any of the centres will be accepted on the basis of when the application
is time stamped by the centre and not on the basis of date and time of receipt of the post or the
courier.

In accordance with Clause 8.4.6.2 of SEBI Master Circular, in respect of purchase of units of mutual
fund schemes (except liquid and overnight schemes), closing NAV of the day shall be applicable on
which the funds are available for utilization irrespective of the size and time of receipt of such
application.

Pursuant to above, the NAV applicability for purchase/switch-in/ subscription in the Scheme will be
subject to following clauses:
1. Application for purchase/subscription/switch-in is received before the applicable cut-off time on a
Business Day.
2. Funds for the entire amount of purchase/subscription/switch-in as per the application is credited
before the cut-off time to the bank account of the Scheme in which subscription is made.
3. The funds are available for utilization before the cut-off time the Scheme.

(a) Purchase and Switch-in

Particulars Applicable NAV

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

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

(b) Redemption and Switch-out

56
Particulars Applicable NAV

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

Where the application is received after 3.00 p.m. NAV of the next Business Day.

With respect to investors who transact through the stock exchange, Applicable NAV shall be
reckoned on the basis of the time stamping as evidenced by confirmation slip given by stock
exchange mechanism.

Applicable Net Asset Value in case of Multiple applications/transactions received under all open-
ended Schemes of the Fund: All transactions as per conditions mentioned below shall be aggregated
and closing NAV of the day on which funds for respective transaction (irrespective of source of funds)
are available for utilization.
1. All transactions received on same Business Day (as per cut-off timing and Time stamping rule).
2. Aggregation of transactions shall be applicable to the Scheme.
3. Transactions shall include purchases, additional purchases and exclude Switches, SIP/STP and
trigger transactions.
4. Aggregation of transactions shall be done on the basis of investor/s/Unit Holder/s Permanent
Account Number (PAN). In case of joint holding in folios, transactions with similar holding pattern
will be aggregated. The principle followed for such aggregation will be similar as applied for
compilation of Consolidated Account Statement (CAS).
5. All transactions will be aggregated where investor holding pattern is same as stated in point no.4
above.
6. Only transactions in the same Scheme of the Fund shall be clubbed. It will include transactions at
Plans/Options level (i.e. Regular Plan, Direct Plan, IDCW Option, Growth Option, etc).
7. Transactions in the name of minor received through guardian will not be aggregated with the
transaction in the name of same guardian. However, two or more transactions in folios of a minor
received through same guardian will be considered for aggregation.
8. In the case funds are received on separate days and are available for utilization on different
business days before the cut off time, the applicable NAV shall be of the Business day/s on which
the cleared funds are available for utilization for the respective application amount.
9. Irrespective the date and time of debit to the customer bank accounts, the date and time of actual
credit in the Scheme’s bank account, which could be different due settlement cycle in the banking
industry, would be considered for applicability of NAV.
10. Investors are advised to make use of digital/electronic payment to transfer the funds to the
Scheme’s bank account.

Transaction through online facilities/ electronic mode: The time of transaction done through various
online facilities/electronic modes offered by the AMC, for the purpose of determining the applicability
of NAV, would be the time when the request of purchase/sale/switch of units is received in the servers
of AMC/RTA as per terms and conditions of such facilities.

Note for switching:

Where there is a switch application from one scheme to another, ‘Switch out’ shall be treated as
redemption in one scheme and the Applicable NAV based on the cut off time for redemption and
payout rules shall be applied. Similarly, the ‘switch in’ shall be treated as purchase and the Applicable
NAV based on the cut off time for purchase and realization of funds by the ‘switch in’ scheme related
rules shall be applied.

Where an application is received and time stamping is done after the cut-off time, the request will be
deemed to have been received on the next Business Day.

7. Where can the applications for purchase/redemption/ switch be submitted?

All transaction requests can be submitted at any of the official points of acceptance of transactions,
the addresses of which are given at the end of this SID. Stock brokers registered with recognized stock
exchanges and empanelled with the AMC shall also be considered as ‘official points of acceptance of
transactions.

57
8. Allotment

• Allotment will be completed after due reconciliation of receipt of funds for all valid applications
within 5 Business Days from the closure of the NFO period. Allotment to NRIs/FIIs/FPIs will be
subject to RBI approval, if required. Subject to the SEBI (MF) Regulations, the Trustee may reject
any application received in case the application is found invalid/incomplete or for any other reason
in the Trustee's sole discretion. For investors who have given demat account details, the Units will
be credited to the investor’s demat account after due verification and confirmation from
NSDL/CDSL of the demat account details.

• Clear funds should be available to the Fund One business day prior to the date of allotment in
respect of all purchase applications received during the NFO period. All cases where clear funds
have not been identified or not received One business day prior to the date of allotment for
whatsoever reasons, including technical clearing reasons, will not be considered for allotment and
the amount will be refunded to the investor in due course. The AMC will not entertain any claims of
allotment or compensation in such cases.

• Any redemption or switch out transaction in the interim is liable to be rejected at the sole
discretion of the AMC. In case of cheque returns, the Mutual Fund will send the copy of the returned
cheque and bank return memo by normal post within 15 days of the Registrar having received, at
it’s registered office, the physical and the return memo. The Mutual Fund will not be responsible for
any loss or damage to the applicant on account of any delay in informing him/her/it about the
return of the cheque, where such delay is caused by the clearing mechanisms of banks and clearing
houses involved in realization of cheques.

• It is mandatory for NRIs to attach a copy of the payment cheque/FIRC/Debit Certificate to ascertain
the repatriation status of the amount invested. NRI applicants should also clearly tick on account
type as NRE or NRO or FCNR to determine the repatriation status of the investment amount. The
AMC and the Registrar may ascertain the repatriation status purely based on the details provided in
the application form under ‘Investment and payment details’ and will not be liable for any incorrect
information provided by the applicants. Applicants will have to coordinate with their authorized
dealers and banks to repatriate the investment amount as and when needed.

• All applications and/or refunds that are rejected for any reason whatsoever will be returned by
normal post within 15 days to the address as mentioned by the applicant.

• The Mutual Fund reserves the right to recover from an investor any loss caused to the Scheme on
account of dishonour of cheques issued by him/her/it for purchase of Units.

Where the Scheme name as written on the application form and on the payment instrument differs,
the proceeds may, at the discretion of the AMC be allotted in the Scheme as mentioned on the
application form.

9. Minimum balance to be maintained and consequences of non-maintenance

There is no minimum balance requirement.

10. Special facilities available

For general terms and conditions and more information, Unit holder(s) are requested to read Terms
and Conditions available on www.dspim.com

(i) Systematic Investment Plan (SIP)

Investors can benefit by investing specific Rupee amounts periodically, for a continuous period through
SIP. SIP allows investors to invest a fixed amount of Rupees on daily (business days) or specific dates
every month or quarter by purchasing Units of a Scheme at the Purchase Price prevailing at such time.
The minimum installment shall be 12 instalments. Investors can enroll themselves for SIP in the
Scheme by ticking the appropriate box in the application form and filling up the relevant SIP form. If
start date for SIP period is not specified, SIP will be registered to start anytime from a period after five
business days from the date of receipt of application based on the SIP date available / mentioned,
subject to mandate being registered. If end date is not specified the SIP will be registered for 30 years
from the start date or end date of mandate/tenure of the scheme, whichever is earlier.

58
Units will be allotted at the applicable NAV as on the SIP Date opted for by the investor. Where such
SIP Date is not a Business Day, Units will be allotted at the applicable NAV of the immediately
succeeding Business Day.

The AMC may change the terms and conditions for SIP from time to time, due to changing market and
operational conditions. Investors are advised to check the latest terms and conditions from any of the
offices of the AMC, before investing same is available on www.dspim.com.

Daily SIP facility

Under Daily SIP, the Unit Holder can invest a fixed amount into the scheme on a daily basis. Daily SIP
installment shall be processed only when it is a Business Day for the scheme. It is to be noted that
allotment of units are subject to realization of credit in the scheme. In case, if more than one SIP
instalments credits are realized on a particular day, both the instalments will be processed for the
applicable NAV in terms of the provisions of the Scheme Information Document.

SIP TOP-UP facility

SIP Top-Up facility provides flexibility to the investors to increase the SIP installment over the tenure
of the SIP. SIP Top-Up facility will be available under scheme offering SIP facility. SIP Top-Up
frequency in case of investors availing this facility will be half yearly and yearly. If the SIP Top-Up
frequency is not indicated for SIP under frequencies daily or monthly or quarterly, it will be considered
as yearly interval.

The AMC may change the terms and conditions for SIP TOP-UP facility from time to time, due to
changing market and operational conditions. Investors are advised to check the latest terms and
conditions from any of the offices of the AMC, before investing same is available on www.dspim.com.

SIP Pause Facility

Under the SIP Pause Facility (‘Facility’), the investor can stop the running SIP for certain period and
Restart the SIP again (at a folio level) by filling up a designated Change Request Form.

The detailed terms and conditions for availing the Facility are as follows:

a. Investors who wish to Pause their SIP instalments debit for a certain period can fill in the “SIP
Pause” section. Separate form should be filled for each SIP registration.

b. SIP Pause can be for a minimum period of 1 month to a maximum period of 6 months.

c. SIP Pause request should be submitted 15 days before the next SIP instalment date.

d. The SIP instalment debit will re-start in the month/quarter following the SIP Pause end month.

e. SIP pause applications are liable to be rejected in case the details are not proper and clear or in
case of incomplete details, non-clarity or ambiguity.

f. If the Pause period is coinciding with the Top-Up facility, the SIP instalment amount post
completion of Pause period would be inclusive of Top-Up amounts falling during that Top-Up cycle;

g. It is possible that the investors’ Bank does not stop the SIP debits on the instalment date or delays
the processing of the SIP Pause instruction from DSP Asset Managers Private Limited (‘AMC’) or its
agents, if the investor has given a separate standing instruction to the Bank to debit the account on
the specified date. The investor will not hold the Fund/AMC/RTA responsible in whatsoever manner
in such cases.

h. DSP Asset Managers Private Limited (‘AMC’) or the Fund or the Registrar and other service providers
shall not be responsible and liable for any damages or compensation for any loss, damage, etc.
incurred by the investor due to reasons which are caused by circumstances not in the ordinary
course of business and beyond the control of the Fund.

All other terms and conditions as applicable to SIP facility will be applicable to SIP Pause facility.

59
The Trustee reserves the right to change the terms and conditions of this facility at a later date. The
Trustee also reserves the right to withdraw the SIP Pause facility.

(ii) Systematic Withdrawal plan (SWP)

A Unit Holder may, through SWP, receive regular payments by way of withdrawals from a Scheme (in
the said folio) on a weekly, monthly, quarterly, half yearly or yearly basis with specific SWP dates and
the request should be for at least 6 such withdrawals. A Unit holder may avail of SWP by ticking the
appropriate box in the application form and filling up the SWP form, specifying therein the ‘SWP Date’
and period. To start an SWP, the unit holder should submit the SWP form atleast seven days prior to
the first desired SWP date. To discontinue the SWP, the unit holder should provide atleast 30 days
written notice to the Registrar / AMCs offices. A Unit Holder who opts for an SWP has the choice of
withdrawing (i) a fixed amount or (ii) an amount equal to the periodic appreciation on his/her/its
investment in the Scheme from which the withdrawal is sought.

If the Units available are less than required withdrawal amount, then such Units will be redeemed and
SWP facility registered in such scheme will be discontinued. Similarly, if there are no units in the
Scheme to redeem or withdraw, the SWP facility registered in such Scheme will be discontinued.

In case the SWP Date happens to be a Non-Business Day, the transaction will be processed on the
immediately succeeding Business Day. On the other hand, the Mutual Fund may terminate the SWP, if
all the Units concerned are liquidated or withdrawn from the account or pledged or upon the Mutual
Fund’s receipt of notification of death or incapacity of the Unit Holder. The Investment Manager may
change the rules relating to this facility from time to time. All terms and conditions for SWP, including
Exit Load, if any, prevailing in the date of SWP enrolment/registration by the fund shall be levied in
the Scheme.

The AMC may change the terms and conditions for SWP facility from time to time, due to changing
market and operational conditions. Investors are advised to check the latest terms and conditions from
any of the offices of the AMC, before investing same is available on www.dspim.com .

(iii) Systematic Transfer Plan (STP)

A Unit Holder may transfer, through STP, part of his/her/its investment in the Scheme (in the said
folio) to another Scheme on a weekly (on any week day i.e Monday to Friday), monthly, quarterly, half
yearly and yearly basis with specific STP dates and the request should be for at least 6 such transfers.
The transfer will be effected by way of a switch, i.e. redemption of Units from one Scheme and
investment of the proceeds thereof, in the other scheme, at the then prevailing terms of both
schemes. Therefore, all provisions pertaining to Inter-Scheme Switching will apply to an STP (Please
refer to “Switching” for provisions on switching). Also, all provisions pertaining to Entry and Exit
Load in an STP transaction will be same as applicable for purchase or redemption of investment made
through SIP. All transactions by way of STP shall, however, be subject to the terms (other than
minimum application amount) of the target Scheme.

All terms and conditions for STP, including Exit Load, if any, prevailing in the date of STP
enrolment/registration by the fund shall be levied in the Scheme

A Unit Holder who opts for an STP has the choice of switching (i) A fixed amount or (ii) an amount
equal to the periodic appreciation on his/her/its investment in the Scheme from which the transfer is
sought.

The AMC may change the terms and conditions for STP facility from time to time, due to changing
market and operational conditions. Investors are advised to check the latest terms and conditions from
any of the offices of the AMC, before investing same is available on www.dspim.com .

Daily STP facility

Under Daily STP, the Unit Holder can switch a fixed amount from any one Scheme (Source Scheme) to
any other Scheme (Target Scheme) on a daily basis subject to exit load as applicable. The minimum
period for Daily STP shall be 6 days and maximum for any period subject to the end period being year
2099. STP installment shall be processed only when it is a Business day for both source and target
Scheme. In case the start date is not mentioned, the Daily STP shall start from the 7th day from the

60
date of submission of valid STP registration form. In case the end date is not mentioned, the STP shall
be registered for a period of one year.

For general terms and conditions and more information, Unit holder(s) are requested to read Terms
and Conditions available on www.dspim.com

Flex Systematic Transfer Plan (‘Flex STP’)

Flex STP Facility, is a facility wherein Unit holder(s) of designated open-ended Scheme of the Fund can
opt to systematically transfer amount(s), which may vary based on the value of investments already
made/transferred under this facility, on the date of transfer at predetermined intervals from
designated open-ended Scheme of the Fund [hereinafter referred to as “Transferor Scheme”] to the
‘Growth Option’ only, of designated open-ended scheme of the Fund [hereinafter referred to as
“Transferee Scheme”]. Transferor Scheme means all scheme of the Fund currently having STP facility
and Transferee Scheme means growth option of all scheme of the Fund.

All other terms and conditions as applicable to STP facility will be applicable to Flex STP. For general
terms and conditions and more information, Unit holder(s) are requested to read Terms and Conditions
available on www.dspim.com

Value Systematic Transfer Plan (‘Value STP’)

Value STP facility, is a facility wherein Unit holder(s) of designated open-ended scheme of the Fund
can opt to systematically transfer amount(s), which may vary based on the value of investments
already made/transferred under this facility, on the date of transfer at predetermined intervals from
designated open-ended scheme of the Fund [hereinafter referred to as “Transferor Scheme”] to the
‘Growth Option’ only of designated open-ended Scheme of the Fund [hereinafter referred to as
“Transferee Scheme”], including a feature of ‘Reverse Transfer’ from Transferee Scheme into the
Transferor Scheme, in order to achieve the Target Market Value on each transfer date in the
Transferee Scheme, subject to the terms and conditions of Value STP.

The AMC reserves the right to modify the above terms and conditions of Flex STP and Value STP at
any time by making necessary disclosures/changes on the website regarding publishing / issuing
notice with the proposed changes. The terms and conditions are available on our website
www.dspim.com under download sections of SIP/STP/SWP/IDCW TP forms.

Note:
(i) SIP/SWP/STP facility is available in all Plans of the Scheme.
(ii) SWP and STP facilities are available/applicable to the investors in each plan of the Scheme.
(iii) STP/SWP facilities are currently not available to investors who wish to transact through the
stock exchange mechanism.

(iv) Switching

A switch has the effect of redemption from one scheme/ plan/option and a purchase in the other
scheme/plan/ option to which the switching has been done. To effect a switch, a Unit Holder must
provide clear instructions. Such instructions may be provided in writing or by completing the
transaction slip/form attached to the account statement. The switch request can be made for any
amount of Rs. 100/-A Unit Holder may request switch of a specified amount or a specified number of
Units only. If the Unit Holder has specified both the amount (in Rs.) and the number of Units, switch-
out of units will be carried out based on the number of units specified by the Unit Holder.

Allotment will be completed after due reconciliation of receipt of funds for all valid applications
within 5 Business Days from the closure of the NFO period

In case of switch transaction, where the Switch-in to the NFO Scheme could not be processed for any
reason, the switch out amount will be paid to the investor within 5 business days from closure of the
NFO

Unit holders are requested to note that application for switch-out for units for which funds are not
realized via purchase or switch-in in the scheme of the Fund shall be liable to be rejected. In other,
switch out of units will be processed only if the funds for such units are realized in the scheme by a
way of payment instructions/ transfer or switch-in funding process.

61
Further, all switch funding shall be in line with redemption funding timelines adopted by the concerned
scheme i.e. if a scheme follows T+5 payout for redemption, the switch out funding should also be made
on the T+5 and not earlier or later than T+5, where T is the day of transaction. The funds from the
switch out schemes into the switch in scheme should be received within One business day prior to the
allotment date.

If the New Fund Offer (NFO) is called off for any reason, the Switch Out amount from other schemes to
the NFO scheme will be paid to the investor within 5 Business Days from closure of the NFO. Investors
should note that the Switch transaction will not be nullified and the switch amount will be paid out as
redemption. Further, such payments will not qualify as delayed payments and no interest will be
payable by the Fund/AMC/RTA in such cases where the payment date is beyond 5 Working Days of the
switch out date, as the switch transactions are accepted from the first day of the entire NFO period
and the NFO may be called off after the closure of NFO period.

Any redemption or switch out transaction in the interim is liable to be rejected at the sole discretion of
the AMC. Investors may note that switch facility is currently not provided to investors who wish to
transact through the stock exchange mechanism or hold units in demat form and will be provided as an
when enabled on stock exchange platform. Unit holders are requested to note that application for
switch-out for units for which funds are not realized via purchase or switch-in in the Scheme of the
Fund shall be liable to be rejected. In other words, switch out of units will be processed only if the
funds for such units are realized in the Scheme by a way of payment instructions/transfer or switch-in
funding process.

a. Inter-Scheme Switching

Unit Holders will have the option to switch all or part of their investment in the Scheme, to any
other Scheme established by the Mutual Fund, which is are available for investment at that time.
The switch will be affected by way of redemption of Units from a Scheme and re-investment of the
redemption proceeds in the other Scheme selected by the Unit Holder at the prevailing terms of
the Scheme to which the switch is taking place.

The price at which the Units will be switched out of the Scheme will be based on the Redemption
Price on the Business Day of acceptance of switching request and the net proceeds will be invested
in the other Scheme at the prevailing Purchase Price for Units in that/those Scheme. Please see
the clause on “Ongoing price for redemption (sale)/switch outs (to other Scheme/plans of the
Mutual Fund)/intra- Plan switching by investors (Redemption Price)”.

b. Inter-Plan Switching

Unit Holders will have the option to switch all or part of their investment(s) from one plan of a
Scheme to the other plan of that Scheme. The switch will be effected by way of a redemption of
Units of the relevant plan of a Scheme as per terms and conditions of redemption and re-
investment of the redemption proceeds in the other plan of the Scheme selected by the Unit
Holder on the prevailing terms of that Plan as a purchase as per purchase terms and conditions of
purchase.

c. Switch of units from Regular Plan to Direct Plan within the same Scheme of the Fund:

No exit load shall be levied in case of switch of investment from Regular Plan to Direct Plan and
vice versa.

Such Switch may entail tax consequences. Investors/Unit Holder(s) should consult their
professional tax advisor before initiating such requests.

d. Inter-Option Switching

Unit Holders have the option to switch all or part of their investments from one Option of a
Scheme/Plan to the other Option of the same Scheme/Plan.

The switch will be affected by way of redemption of Units of the relevant Option and reinvestment
of the redemption proceeds in the other Option selected by the Unit Holder on the prevailing
terms of that Scheme/Plan. The price at which the Units will be switched out will be at the
62
 Applicable NAV on the Business Day of acceptance of switching request and the net proceeds will
be invested in the other Option at the Applicable NAV of that Option.

The AMC may change the terms and conditions for switching facility from time to time, due to
changing market and operational conditions. Investors are advised to check the latest terms and
conditions from any of the offices of the AMC, before investing same is available on
www.dspim.com.

(v) Pledge of Units for Loans

Units can be pledged by the Unit Holders as security for raising loans, subject to any rules/restrictions
that the Trustee may prescribe from time to time.

For Units held in demat form, the rules of the respective DP will be applicable for pledge of the Units.
Units held in demat form can be pledged by completing the requisite forms/formalities as may be
required by the Depository. The pledge gets created in favour of the pledgee only when the pledgee’s
DP confirms the creation of pledge in the system.

In case of Units held in physical form, the Registrar will note and record such pledge. A standard form
for this purpose is available at any of the official points of acceptance of transactions and on
www.dspim.com.

(vi) Transfer of Income Distribution cum Capital Withdrawal plan (IDCW)

Unit holders under the Regular Plan/Institutional Plan & Direct Plan (wherever applicable) and IDCW
Options(s) (other than Daily IDCW Reinvest sub-option) of all the open ended Scheme of the Mutual
Fund can opt to transfer their IDCW to any other option under the Regular Plan/ Institutional Plan &
Direct Plan (wherever applicable) (other than Daily IDCW Reinvest sub-option) of all the open- ended
Scheme of the Mutual Fund by availing the facility of IDCW Transfer Plan.

Under IDCW Transfer Plan, IDCW as & when declared (as reduced by the amount of applicable statutory
levy) in the transferor Scheme (subject to minimum of Rs.100/-) will be automatically invested without
any exit load into the transferee Scheme, as opted by the Unit holder. Such transfer will be treated as
fresh subscription in the transferee Scheme and invested at the Applicable NAV on the Business Day
immediately following the record date, subject to terms and conditions applicable to the transferee
Scheme.

Investors are requested to note that the AMC may change the terms and conditions for SWP facility
from time to time, due to changing market and operational conditions. Investors are advised to check
the latest terms and conditions from any of the offices of the AMC, before investing same is available
on www.dspim.com .

(vii) OTM – One Time Mandate (‘Facility’)

This Facility enables the Unit Holder/s of DSP - Mutual Fund (‘Fund’) to transact with in a simple,
convenient and paperless manner by submitting OTM - One Time Mandate registration form to the Fund
which authorizes his/her bank to debit their account up to a certain specified limit per day, as and
when they wish to transact with the Fund, without the need of submitting cheque or fund transfer
letter with every transaction thereafter.

This Facility enables Unit holder(s) of the Fund to start Systematic Investment Plan (SIP) or invest lump
sum amounts in any Scheme of the Fund by sending instructions through Transaction forms and online
facility specified by the AMC. This Facility is only available to Unit holder(s) of the Fund who have been
assigned a folio number by the AMC.

Unit Holder/s are requested to note that in line with the requirement of SEBI and AMFI Circulars on
Two Factor Authentication[2FA], SMS based transaction facility and transaction through Call Centre for
all forms of transaction, including but not limited to purchase, redemptions, switches, systematic
registrations will be discontinued with effect from June 01, 2022.

Unit Holder(s) are requested to note that the AMC reserves the right to amend the terms and
conditions, or modify, or discontinue the Facility for existing as well as prospective investors at
anytime in future.

63
For general terms and conditions and more information, Unit holder(s) are requested to read
Terms and Conditions, OTM - One Time Mandate registration form available at the Official Point of
Acceptance of Transactions of AMC/ CAMS and also available on www.dspim.com.

11. Account Statements

Under Regulation 36(4) of SEBI (Mutual Funds) Regulations, 1996, the AMC/ RTA is required to send
consolidated account statement for each calendar month to all the investors in whose folio transaction
has taken place during the month. Further, SEBI vide its circular ref. no. CIR/MRD/DP/31/2014 dated
November 12, 2014, in order to enable a single consolidated view of all the investments of an investor
in Mutual Fund and securities held in demat form with Depositories, has required Depositories to
generate and dispatch a single consolidated account statement for investors having mutual fund
investments and holding demat accounts.

In view of the said requirements the account statements for transactions in units of the Fund by
investors will be dispatched to investors in following manner:

I. Investors who do not hold Demat Account

• Consolidated account statement^, based on PAN of the holders, shall be sent by AMC/ RTA to
investors not holding demat account, for each calendar month within 15th day of the
succeeding month to the investors in whose folios transactions have taken place during that
month.

• Consolidated account statement shall be sent by AMC/RTA every half yearly (September/
March), on or before 21th day of succeeding month, detailing holding at the end of the six
month, to all such investors in whose folios there have been no transactions during that period.
^Consolidated account statement sent by AMC/RTA is a statement containing details relating to
all financial transactions made by an investor across all mutual funds viz. purchase,
redemption, switch, IDCW payout, IDCW reinvestment, systematic investment plan, systematic
withdrawal plan, systematic transfer plan, bonus etc. (including transaction charges paid to the
distributor) and holding at the end of the month.

II. Investors who hold Demat Account

• Consolidated account statement^^, based on PAN of the holders, shall be sent by

Depositories to investors holding demat account, for each calendar month within 15th day of
the succeeding month to the investors in whose folios transactions have taken place during that
month.
• Consolidated account statement shall be sent by Depositories every half yearly (September/
March), on or before 21st day of succeeding month, detailing holding at the end of the six
month, to all such investors in whose folios and demat accounts there have been no
transactions during that period.
• In case of demat accounts with nil balance and no transactions in securities and in mutual fund
folios, the depository shall send account statement in terms of regulations applicable to the
depositories.
^^Consolidated account statement sent by Depositories is a statement containing details
relating to all financial transactions made by an investor across all mutual funds viz. purchase,
redemption, switch, IDCW payout, IDCW reinvestment, systematic investment plan, systematic
withdrawal plan, systematic transfer plan, bonus etc. (including transaction charges paid to the
distributor) and transaction in dematerialised securities across demat accounts of the investors
and holding at the end of the month.

Following provisions shall be applicable to CAS sent through AMC/ RTA and CAS sent through
depositories:

a. Investors are requested to note that for folios which are not included in the CAS, AMC shall
henceforth issue monthly account statement to the unit holders, pursuant to any financial
transaction done in such folios; the monthly statement will be sent on or before fifteenth day of

64
 succeeding month. Such statements shall be sent in physical form if no email id is provided in the
folio.

b. The statement sent within the time frame mentioned above is provisional and is subject to
realisation of payment instrument and/or verification of documents, including the application
form, by the RTA/AMC.

c. In the event the folio/demat account has more than one registered holder, the first named Unit
holder/Account holder shall receive the CAS (AMC/RTA or Depository). For the purpose of CAS
(AMC/RTA or Depository), common investors across mutual funds/depositories shall be identified
on the basis of PAN. Consolidation shall be based on the common sequence/ orders of investors in
various folios/demat accounts across mutual funds / demat accounts across depository
participants.

d. Investors whose folio(s)/demat account(s) are not updated with PAN shall not receive CAS.
Investors are therefore requested to ensure that their folio(s)/demat account(s) are updated with
PAN. For folios not included in the CAS (due to non-availability of PAN), the AMC shall issue
monthly account statement to such Unit holder(s), for any financial transaction undertaken during
the month on or before 15th of succeeding month by mail or email.

For folios not eligible to receive CAS (due to non-availability of PAN), the AMC shall issue an
account statement detailing holding across all schemes at the end of every six months (i.e.
September/March), on or before 21st day of succeeding month, to all such Unit holders in whose
folios no transaction has taken place during that period shall be sent by mail/e-mail.

e. For Unit Holders who have provided an e-mail address in KYC records, the CAS will be sent by e-
mail.

f. The Unit Holder may request for a physical account statement by writing to/calling the AMC/RTA.
In case of a specific request received from the unit holders, the AMC/RTA shall provide the
account statement to the unit holders within 5 business days from the receipt of such request.

g. Unit Certificates will be sent, if an applicant so desires, within 5 Business Days of the receipt of a
request for the certificate. Unit Certificates will not be issued for any fractional Units entitlement.

12. IDCW Warrants

IDCW warrants shall be dispatched to the Unit Holders within 7 Working Days from the record date of
the IDCW.

In the event of delay/failure to despatch the IDCW warrants within the aforesaid 7 Working Days, the
AMC will be liable to pay interest to the Unit Holders at such rate as may be specified by SEBI for the
period of such delay (currently @ 15% per annum).

13. Transactions Through Channel Distributors

Investors may enter into an agreement with certain distributors (with whom AMC also has a tie up)
referred to as “Channel Distributors” who provide the facility to investors to transact in units of
mutual funds through various modes such as their website / other electronic means or through Power
of Attorney in favour of the Channel Distributor, as the case may be.

Under such arrangement, the Channel Distributors will aggregate the details of transactions (viz.
subscriptions/ redemptions/switches) of their various investors and forward the same electronically to
the AMC / RTA for processing on daily basis as per the cut-off timings applicable to the relevant
schemes. The Channel Distributor is required to send copy of investors’ KYC and agreement entered
into between the investor & distributor to the RTA (one time for central record keeping) as also the
transaction documents / proof of transaction authorization as the case may be, to the AMC / RTA as
per agreed timelines.

Normally, the subscription proceeds, when invested through this mode, are by way of direct credits to
the specified bank account of DSP Mutual Fund. The redemption proceeds (subject to deduction of tax
at source, if any) and IDCW payouts, if any, are paid by the AMC to the investor directly through direct

65
credit in the bank account of the investor specified by the distributor or through issuance of payment
instrument, as applicable.

In case KYC and other necessary documents are not furnished within the stipulated timeline, the
transaction request shall be liable to be rejected or the folio will be locked for future subscriptions/
switches. The Mutual Fund, the AMC, the Trustee, along with their directors, employees and
representatives shall not be liable for any errors, damages or losses arising out of or in connection with
the transactions undertaken by investors or as provided by the distributors through the above mode.

It may be noted that investors investing through this mode may also approach the AMC / ISC directly
with their transaction requests (financial / non-financial) or avail of the online transaction facilities
offered by the AMC.

14. Subscription of Units Through Electronic Mode

Subject to the investor fulfilling certain terms and conditions as stipulated by AMC from time to time,
the AMC, Mutual Fund, Registrar or any other agent or representative of the AMC, Mutual Fund, the
Registrar (“Recipient”) may accept transactions through any electronic mode (fax/web/electronic
transactions) (“Electronic Transactions”). The acceptance of Electronic Transactions will be solely at
the risk of the investor and the Recipient shall not in any way be liable or responsible for any loss,
damage caused to the investor directly or indirectly, as a result of the investor sending or purporting
to send such transactions including where such transaction sent / purported to be sent is not processed
on account of the fact that it was not received by the Recipient.

The investor acknowledges that Electronic Transaction is not a secure means of giving instructions /
transactions requests and that the investor is aware of the risks involved including those arising out of
such transmission being inaccurate, imperfect, ineffective, illegible, having a lack of quality or clarity,
garbled, altered, distorted, not timely etc. The investor’s request to the Recipient to act on Electronic
Transaction is for the investor’s convenience and the Recipient is not obliged or bound to act on the
same. The investor authorizes the recipient to accept and act on any Electronic Transaction which the
recipient believes in good faith to be given by the investor and the recipient may at its discretion treat
any such transaction as if the same was given to the recipient under the investor’s original signature.

In case there is any difference between the particulars mentioned in the fax/ web/ electronic
transmission received as against the original document which may be received thereafter, the
Recipient shall not be liable for any consequences arising therefrom.

The investor agrees that the recipient may adopt additional security measures including signature
verification, telephone call backs or a combination of the same, which may be recorded and the
investor consents to such recording and agrees to co-operate with the recipient to enable confirmation
of such transaction requests. In consideration of the Recipient from time to time accepting and at its
sole discretion (including but not limited to the AMC extending / discontinuing such facilities from time
to time) acting on any Electronic Transaction request received / purporting to be received from the
investor, the investor agrees to indemnify and keep indemnified the AMC, Directors, employees,
agents, representatives of the AMC, Mutual Fund and Trustees from and against all actions, claims,
demands, liabilities, obligations, losses, damages, costs and expenses of whatever nature (whether
actual or contingent) directly or indirectly suffered or incurred, sustained by or threatened against the
indemnified parties whatsoever arising from or in connection with or any way relating to the
indemnified parties in good faith accepting and acting on Electronic Transaction requests including
relying upon such transaction requests purporting to come from the investor even though it may not
come from the Investor. The AMC reserves the right to modify the terms and conditions or to
discontinue the facility at any point of time.

Unit holders should note that Two Factor Authentication [2FA] is mandatory for all subscriptions
including SIP registration submitted through electronic mode. OTP will be sent to either email id or
mobile number registered in the folio and the Unit holder have to confirm on the OTP received. On
successful validation only, the subscriptions / systematic registration will be accepted and processed.

15. Redemption

Units can be redeemed (sold back to the Mutual Fund) at the relevant Redemption Price. The
redemption requests can be made on the pre-printed forms (transaction slip/common transaction
form) or by using the form at the bottom of the account statement. The redemption request can be

66
submitted at any of the Official Points of Acceptance of transaction, the details of Official Points of
Acceptance are mentioned at the end of this SID. As all allotments are provisional, subject to
realisation of payment instrument and subject to the AMC having been reasonably satisfied that the
Mutual Fund has received clear funds, any redemption or switch out transaction in the interim is liable
to be rejected at the sole discretion of the AMC.

A Unit Holder may request redemption of a specified amount or a specified number of Units only. If the
redemption request is made for a specified amount and the number of Units is also specified by the
Unit Holder, the number of Units specified will be considered for deciding the redemption amount.
Unit Holders may also request for redemption of their entire holding and close the account by
indicating the same at an appropriate place in the transaction slip/common transaction form.

It may, however, be noted that in the event of death of the Unit Holder, the nominee or legal heir,
(subject to production of requisite documentary evidence to the satisfaction of the AMC) as the case
may be, shall be able to redeem the investment at any point of time.

In case an investor has purchased Units on more than one day (either under the NFO Period or through
subsequent purchases) the Units purchased first (i.e. those Units which have been held for the longest
period of time), will be deemed to have been redeemed first, i.e. on a First-In-First-Out basis.

In case the Units are standing in the names of more than one Unit Holder, where mode of holding is
specified as Joint redemption requests will have to be signed by all joint holders. However, in cases of
holding specified as ‘Anyone or Survivor’, any one of the Unit Holders will have the power to make
redemption requests, without it being necessary for all the Unit Holders to sign. However, in all cases,
the proceeds of the redemption will be paid to the first-named holder only.

Redemption or repurchase proceeds shall be dispatched to Unit Holders within 5 Working Days from the
date of acceptance of redemption or repurchase.

Investor may note that in case of exceptional scenarios as prescribed by AMFI vide its communication
no. AMFI/ 35P/ MEM-COR/ 74 / 2022-23 dated January 16, 2023 read with Clause 14.1.3 of the SEBI
Master Circular, the AMC may not be able to adhere with the timelines prescribed above.

Unit Holders are encouraged and advised to submit their requests for bank mandate/ Multiple Bank
Accounts Registration request atleast 10 business days prior to date of redemption / IDCW payment, if
any.

The redemption payment will be issued in favour of the sole/ first Unit Holder’s registered name and
bank account number, if provided. Payment via cheque, where issued, will be sent to the address of
the sole/first Holder registered with the fund at the time of dispatch entirely at the risk of the unit
holder. The redemption cheque/demand draft will be payable at par at all the places where the
official points of acceptance of transaction are located. Bank charges for collection of redemption
proceeds will be borne by the Unit Holder. With a view to safeguarding their interest, it is mandatory
that Unit Holders indicate their Bank Account No., name of the bank and branch in the application for
purchasing Units of the Scheme. A fresh account statement will also be sent/emailed to redeeming
investors, indicating the new balance to the credit in the account, along with the redemption cheque.

Unit holders are requested to note that application for redemption or switch out for units for which
funds are not realized via purchase or switch-in in the Scheme of the Fund shall be liable to be
rejected. In other words, redemption of units will be processed only if the funds for such units are
realized in the Scheme by a way of payment instructions/transfer or switch-in funding process.

The proceeds towards redemptions and IDCWs will be despatched by a reasonable mode of despatch
like courier, Speed post, etc. in case of cheque/demand draft or directly credited to the bank account
(as per the details mentioned by the investor), entirely and solely at the risk of the investor. The
Mutual Fund will endeavour to remit redemption proceeds via electronic means, as made available by
RBI. Where such electronic means are not available or feasible under any circumstances, the Mutual
Fund will remit the redemption proceeds by way of cheques. The investor will not hold the Mutual
Fund or the AMC or the Registrar responsible for any non-receipt or delay of receipt of redemption &
IDCW proceeds due to any negligence or deficiency in service by the courier company, postal
authorities or the bank executing direct credits, or due to incorrect bank account details provided by
the investor.

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In case of redemptions, Unit holders should note that Two Factor Authentication [2FA] is mandatory for
all redemption / switches including STP/SWP submitted through electronic mode. OTP will be sent to
either email id or mobile number registered in the folio and the Unit holder have to confirm on the
OTP received. On successful validation only, the redemptions will be accepted and processed.

Redemption by NRIs and FPIs

Credit balances in the account of an NRI/FPI investor may be redeemed by such investors in
accordance with the procedure described above and subject to the procedures laid down by RBI, if
any. Such redemption proceeds will be paid by means of a Rupee cheque payable to the NRI’s/FPIs.

Effect of Redemption

On redemption, the unit capital and reserves will stand reduced by an amount equivalent to the
product of the number of Units redeemed and the Redemption Price as on the date of redemption.
Units once redeemed will be extinguished and will not be re-issued.

Fractional Units

Since a request for purchase is generally made in Rupee amounts and not in terms of number of Units
of the Scheme, a Unit Holder may be left with fractional Units. Fractional Units will be computed and
accounted for up to three decimal places. However, fractional Units will, in no way, affect the Unit
Holder’s ability to redeem the Units, either in part or in full, standing to his/her/its credit.

Redemption by investors transacting through the Stock Exchange mechanism

Investors who wish to transact through the stock exchange shall place orders for redemptions as
currently practiced for secondary market activities. Investors must submit the Delivery Instruction Slip
to their Depository Participant on the same day of submission of redemption request, within such
stipulated time as may be specified by NSE/BSE, failing which the transaction will be rejected.
Investors shall seek redemption requests in terms of number of Units only and not in Rupee amounts.
Redemption amounts shall be paid by the AMC to the bank mandate registered with the Depository
Participant. Refer “Trading in Units through Stock Exchange mechanism” under ‘A. New Fund Offer
Details’, for detailed provisions.

Redemption by investors who hold Units in dematerialized form

Redemption request for Units held in demat mode shall not be accepted at the offices of the Mutual
Fund/AMC/Registrar. Unit holders shall submit such request only through their respective Depository
Participant.

16. Delay in payment of redemption / repurchase proceeds

As per SEBI (MF) Regulations, the Mutual Fund shall transfer the redemption proceeds within 5 Working
Days from the date of redemption/repurchase. In the event of delay/failure to transfer the
redemption/repurchase proceeds within the aforesaid 5 Working Days, the AMC will be liable to pay
interest to the Unit Holders at such rate as may be specified by SEBI for the period of such delay
(currently @ 15% per annum).

Investor may note that in case of exceptional scenarios as prescribed by AMFI vide its communication
no. AMFI/ 35P/ MEM-COR/ 74 / 2022-23 dated January 16, 2023 read with Clause 14.1.3 of the SEBI
Master Circular, the AMC may not be able to adhere with the timelines prescribed above.

17. Process for change of address

Investors who wish to change their address have to get their new address updated in their KYC records.
Investor will have to submit a KYC Change Request Form in case of individual investors and KYC form in
case of non individual investors along with proof of address and submit to any of the AMC Offices or
CAMS Investor Service Centers. Based on the new address updated in the KYC records, the same will be
updated in the investor folio.

18. Bank Mandate

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It is mandatory for every applicant to provide the name of the bank, branch, address, account type and
number as per requirements laid down by SEBI and any other requirements stated in the Application
Form. Applications without these details will be treated as incomplete. Such incomplete applications
will be rejected. The Registrar/AMC may ask the investor to provide a blank cancelled cheque or its
photocopy for the purpose of verifying the bank account number.

Investor/s or /Unit Holder/s are requested to note that any one of the following documents shall be
submitted by the investor/s or /Unit Holder/s, in case the cheque provided along with fresh
subscription/new folio creation does not belong to the bank mandate specified in the application form:

1. Original cancelled cheque having the First Holder Name printed on the cheque [or]
2. Original bank statement reflecting the First Holder Name, Bank Account Number and Bank
Name as specified in the application [or]
3. Photocopy of the bank statement / bank pass book duly attested by the bank manager and bank
seal preferably with designation and employee number [or]
4. Photocopy of the bank statement / passbook / cancelled cheque copy duly attested by the
AMC/ RTA branch officials after verification of original bank statement / passbook / cheque
shown by the investor or their representative [or]
5. Confirmation by the bank manager with seal, on the bank’s letter head with name, designation
and employee number confirming the investor details and bank mandate information.

Where such additional documents are not provided for the verification of bank account for redemption
or IDCW payment, the AMC reserves the right to capture the bank account used towards subscription
payment for the purpose of redemption and IDCW payments.

19. Multiple Bank Accounts Registration Facility

In compliance to AMFI Best Practice Guidelines, AMFI circular No. 17/10-11 dated October 22, 2010,
the Mutual Fund offers its Unit holders, facility to register multiple bank accounts for pay-in & payout
purposes and designate one of the registered bank account as “Default Bank Account”. Individuals,
HUFs, Sole proprietor firms can register upto five bank accounts and a non-individual investor can
register upto ten bank accounts in a folio. This facility can be availed by using a designated “Bank
Accounts Registration Form” available at Investor Service Centers and Registrar and Transfer Agent’s
offices.

In case of first-time investors, the bank account mentioned on the purchase application form, will be
treated as default bank account till a separate request to register multiple bank accounts and change
the default bank account to any of other registered bank account is submitted by such investor.

Registered bank accounts may also be used for verification of pay-ins (i.e. receiving of subscription
funds) to ensure that a third party payment is not used for mutual fund subscription. The default bank
account will be used for all IDCWs and redemptions payouts unless Unit holder(s) specifies one of the
existing registered bank account in the redemption request for receiving redemption proceeds.
However, in case Unit holder(s) do not specify the default account, the Mutual Fund reserves the right
to designate any of the registered bank accounts as default bank account.

New bank accounts can only be registered using the designated “Bank Accounts Registration Form”. If
Unit holder(s) provide a new and unregistered bank mandate or a change of bank mandate request
with specific redemption/ IDCW payment request (with or without necessary supporting documents),
such bank account will not be considered for payment of redemption/IDCW proceeds, or the Mutual
Fund withhold the payment for upto 10 calendar days to ensure validation of new bank mandate
mentioned.

Any request without the necessary documents will be treated invalid and will not be acted upon and
any financial transaction, including redemptions, will be carried with the previously registered details
only. Valid change of bank mandate requests with supporting documents will be processed within ten
days of documents reaching the head office of the Registrar and any financial transaction request
received in the interim will be carried based on the previously registered details.

This facility is however not available to investors holding Units in dematerialized mode. For such
investors bank account details as registered with their respective depository participant shall be
considered for various purposes.

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20. Bank Account Details / Multiple Bank Account Registration

It is mandatory for all investors to provide their bank mandate which will be used for payment of
redemption/IDCW payout. Applications without the mandatory bank details and supporting documents
are liable to be rejected. Investors should ideally mention account details of the same bank account
from where the payment towards purchase is made. If the bank account details mentioned are
different from purchase pay-in bank, investors should attach a cancelled cheque off the said account
with name and account number pre-printed. Should the investor fail to provide the documents, the
Fund/AMC/RTA reserve the right to register the pay-in bank details as the redemption bank details and
use such bank account for payment of any redemption/IDCW proceeds.

The Mutual Fund offers its Unit holders, facility to register multiple bank accounts for pay-in & payout
purposes and designate one of the registered bank account as “Default Bank Account”. This facility can
be availed by using a designated “Bank Accounts Registration Form. In case of new investors, the bank
account mentioned on the purchase application form used for opening the folio will be treated as
default bank account till a separate request to register multiple bank accounts and change the default
bank account to any of other registered bank account is submitted by such investor. Registered bank
accounts may also be used for verification of payins (i.e. receiving of subscription funds) to ensure that
a third party payment is not used for mutual fund subscription.

21. Change of Bank

New bank accounts can only be registered using the designated “Bank Accounts Registration Form”
/’Change of Bank Form’. If Unit holder(s) provide a new and unregistered bank mandate or a change of
bank mandate request with specific redemption/ IDCW payment request (with or without necessary
supporting documents) such bank account will not be considered for payment of redemption/ IDCW
proceeds, or the Mutual Fund withhold the payment for upto 10 calendar days to ensure validation of new
bank mandate mentioned. Change of bank mandate would not be processed based on the request
submitted along with the redemption request and the investor will have to submit a fresh request for
change of bank mandate with supporting documents. Any request without the necessary documents will
be treated invalid and will not be acted upon and any financial transaction, including redemptions, will
be processed with the existing registered details only. Valid change of bank mandate requests with
supporting documents will be processed within ten days of documents reaching the head office of the
Registrar and any financial transaction request received in the interim will be carried based on the
previously registered details.

22. Change in Bank Account mandate along with Redemption / IDCW proceeds

Please note the following important points related to payment of redemption/ IDCW proceeds:

(i). Proceeds of any redemption/IDCW will be sent only to a bank account that is already registered
and validated in the folio at the time of redemption / IDCW processing.
(ii). Unit holder(s) may choose to mention any of the existing registered bank accounts with
redemption /IDCW payment request for receiving redemption/IDCW proceeds. If no registered bank
account is mentioned, default bank account will be used.
(iii). If unit holder(s) provide a new and unregistered bank mandate or a change of bank mandate
request with a specific redemption / IDCW payment request (with or without necessary supporting
documents) such bank account may not be considered for payment of redemption/ IDCW proceeds, or
the Mutual Fund may withheld the payment for upto 10 calendar days to ensure validation of new bank
mandate mentioned.

Any request without the necessary documents will be treated invalid and will not be acted upon and
any financial transaction, including redemptions, will be carried with the previous details only. Valid
change of bank mandate requests with supporting documents will be processed within ten days of
documents reaching the head office of the Registrar and any financial transaction request received in
the interim will be carried based on the previous details

23. Third Party Payment Avoidance & additional documents/ declaration required:

To safeguard the interests of applicant/investors and avoid fraudulent transactions in any other name,
the Mutual Fund does not accept Third Party Payments. In case of subscriptions, the Mutual Fund shall
verify the bank account from which the funds have been paid for the subscription. In case it is

70
identified that the funds have not come from the investor’s bank account, the subscription will be
rejected. Please refer SAI for details.

24. Cash Investments in mutual funds

In order to help enhance the reach of mutual fund products amongst small investors, who may not be
tax payers and may not have PAN/bank accounts, such as farmers, small traders/businessmen/workers,
SEBI has permitted receipt of cash transactions for fresh purchases/ additional purchases to the extent
of Rs. 50,000/- per investor, per financial year shall be allowed subject to:

i. compliance with Prevention of Money Laundering Act, 2002 and Rules framed there under; the
SEBI Circular(s) on Anti Money Laundering (AML) and other applicable Anti Money Laundering
Rules, Regulations and Guidelines; and

ii. sufficient systems and procedures in place.

However, payment towards redemptions, IDCW, etc. with respect to aforementioned investments shall
be paid only through banking channel.

The Fund/AMC is currently in the process of setting up appropriate systems and procedures for the said
purpose. Appropriate notice shall be displayed on its website viz. as well as at the Investor Service
Centres, once the facility is made available to the investors.

25. Trading in Units through Stock Exchange mechanism

The Units of the Scheme may be transacted in dematerialized form through the stock exchange
mechanism. Please refer “Trading in Units through Stock Exchange mechanism” under ‘A. New Fund
Offer Details’.

26. Facility to transact in units of the Schemes through MF Utility portal & MFUI Points of Services.

Please refer “Facility to transact in units of the Schemes through MF Utility portal & MFUI Points of
Services” under ‘A. New Fund Offer Details’.

27. Suspension/Restriction on Redemption of Units of the Scheme

Subject to the approval of the Boards of the AMC and of the Trustee and subject also to necessary
communication of the same to SEBI, the redemption of / switch-out of Units of Scheme(s) of the Fund,
may be temporarily suspended/ restricted. In accordance with Clause 1.12 of the SEBI Master Circular
and subject to prevailing regulations, restriction on/suspension of redemptions / switch-out of Units of
the Scheme(s) of the Fund, may be imposed when there are circumstances leading to systemic crisis or
event that severely constricts market liquidity or the efficient functioning of markets such as:

a) Liquidity issues: when market at large becomes illiquid affecting almost all securities rather than
any issuer specific security;
b) Market failures, exchange closures: when markets are affected by unexpected events which impact
the functioning of exchanges or the regular course of transactions. Such unexpected events could
also be related to political, economic, military, monetary or other emergencies;
c) Operational issues: when exceptional circumstances are caused by force majeure, unpredictable
operational problems and technical failures (e.g. a black out).

Restriction on / suspension of redemption of Units of the Scheme(s) may be imposed for a specified
period of time not exceeding 10 working days in any 90 days period.

When restriction on / suspension of redemption of Units of the Scheme(s) is imposed, the following
procedure shall be applied:

i. No redemption / switch-out requests upto Rs. 2 lakhs shall be subject to such restriction.
ii. Where redemption / switch-out requests are above Rs. 2 lakhs, the AMC shall redeem the first Rs.
2 lakhs without such restriction and remaining part over and above Rs. 2 lakhs shall be subject to
such restriction.

71
Also refer to the section ‘Suspension of Purchase and Redemption of Units’ in the Statement of
Additional Information.

28. Redemptions only for Available & Clear Units:

If an investor makes a redemption request few days after purchase of Units, till clearance of funds is
identified, the Mutual Fund shall have the right to reject the redemption request until such time as the
Mutual Fund ensures that the amount remitted by the investor (for purchase of Units) is realized and
that the proceeds have been credited to the Scheme’s Account. However, this is only applicable if the
value of redemption is such that some or all of the freshly purchased Units may have to be redeemed
to effect the full redemption.

29. Restrictions, if any, on the right to freely retain or dispose off Units being offered

The Trustee may, in the general interest of Unit Holders, keeping in view the unforeseen
circumstances/unusual market conditions, limit the total number of Units which may be redeemed on
any Business Day to 5% of the total number of Units then in issue under the Schemes (or such higher
percentage as the Trustees may determine).

Any Units, which by virtue of these limitations are not redeemed on a particular Business Day, will be
carried forward for redemption to the next Business Day, in order of receipt. Redemptions so carried
forward will be priced on the basis of the Redemption Price of the Business Day or Non Business Day (if
and as applicable) on which redemption is made. Under such circumstances, to the extent multiple
redemption requests are received at the same time on a single Business Day, redemptions will be made
on pro-rata basis, based on the size of each redemption request, the balance amount being carried
forward for redemption to the next Business Day(s).

Also, in the event of an order being received from any regulatory authority/body, directing attachment
of the Units of any investor, redemption of Units will be restricted in due compliance of such order.

30. Facility to transact in units of the Schemes through MF Utility portal & MFUI Points of Services
pursuant to appointment of MF Utilities India Private Limited

The AMC has entered into an Agreement with MF Utilities India Private Limited(MFUI), for usage of MF
Utility (“MFU”) - a shared services initiative of various Asset Management Companies, which acts as a
transaction aggregation portal for transacting in multiple schemes of various Mutual Funds with a single
form and a single payment instrument.

Investors can execute financial and non-financial transactions pertaining to Schemes of the Fund
electronically on the MFU portal i.e. www.mfuonline.com as and when such a facility is made available
by MFUI. The MFU portal i.e. www.mfuonline.com will be considered as Official Point of Acceptance
for such transactions.

The Points of Service (“POS”) of MFUI with effect from the respective dates as published on MFUI
website i.e. www.mfuindia.com against the POS locations will be considered as Official Point of
Acceptance/ Investor Services Centre where application for financial transactions in schemes of the
Fund will be accepted on an ongoing basis. Further, investors can also submit their non-financial
transaction requests at the POS.

The salient features of the facility to transact in units of the Schemes through MFU are given below:

1. Common Account Number (“CAN”): Investors are required to submit duly filled in CAN
Registration Form (“CRF”) and prescribed documents at the MFUI POS to obtain CAN. The CRF can
be downloaded from MFUI website i.e. www.mfuindia.com or can be obtained from MFUI POS.

CAN is a single reference number for all investments in the Mutual Fund industry, for transacting
in multiple schemes of various Mutual Funds through MFU and to map existing investments, if any.

MFU will map the existing folios of investors in various schemes of Mutual Funds to the CAN to
enable transacting across schemes of Mutual Funds through MFU. The AMC and / or its Registrar

72
 and Transfer Agent (RTA) shall provide necessary details to MFUI as may be needed for providing
the required services to investors / distributors through MFU.

CAN registered investors can transact in physical mode through MFUI POS by submitting relevant
Common Transaction Form prescribed by MFUI.

2. CAN registered investors can transact through electronic mode through MFU portal i.e.
www.mfuonline.com as and when such a facility is made available to them by MFUI. The time of
transaction submission done through MFU portal i.e. www.mfuonline.com and the successful
receipt of the same in the servers of MFUI would be the time-stamp for the transaction.

3. Investors not registered with MFUI can also submit their financial & non-financial transactions
request at MFUI POS by giving reference of their existing folio number allotted by the Fund.

4. The transactions on the MFU portal shall be subject to the terms & conditions as may be stipulated
by MFUI / Mutual Fund / the AMC from time to time.

All other terms and conditions of offering of the Scheme as specified in the SID, KIM and SAI shall be
applicable to transaction through MFUI.

31. KYC Requirements

Investor are requested to take note that it is mandatory to complete the KYC requirements (including
updation of Permanent Account Number) for all unit holders, including for all joint holders and the
guardian in case of folio of a minor investor. Accordingly, financial transactions (including
redemptions, switches and all types of systematic plans) and non-financial requests are liable to be
rejected, if the unit holders have not completed the KYC requirements.

Notwithstanding in the above cases, the AMC reserves the right to ask for any requisite documents
before processing of financial and non-financial transactions or freeze the folios as appropriate.
Unit holders are advised to use the applicable KYC Form for completing the KYC requirements and
submit the form at the point of acceptance. Further, upon updation of PAN details with the KRA (KRA-
KYC)/ CERSAI (CKYC), the unit holders are requested to intimate us/our Registrar and Transfer Agent
their PAN information along with the folio details for updation in our records.

32. Facility to transact in units of the Schemes through MFCentral:

MFCentral is created with an intent to be a one stop portal / mobile app for all Mutual fund
investments and service-related needs that significantly reduces the need for submission of physical
documents by enabling various digital / physical services to Mutual fund investors across fund houses
subject to applicable Terms & Conditions of the Platform from time to time. MFCentral will be
enabling various features and services in a phased manner. MFCentral may be accessed using
https://mfcentral.com/ and a Mobile App in future.

DSP Mutual fund designates MFCentral as its Official point of acceptance (DISC – Designated investor
Service Centre) with effect from 23rd September 2021.

33. Unclaimed Redemptions and IDCW:

In terms of Clause 14.3 of the SEBI Master Circular, as amended from time to time, the treatment of
unclaimed redemption and dividend amounts is specified in SAI.

34. Nomination for Mutual Fund Unit Holders

Clause 17.16 of SEBI Master Circular read with SEBI Circular no. SEBI/HO/IMD/IMD-I
POD1/P/CIR/2023/160 dated September 27, 2023 with respect to nomination for unitholders, the
following shall be considered:

(i) New Investors:

Investors who are subscribing to units of DSP Mutual Fund on or after October 1, 2022, shall submit
either the nomination form or the prescribed declaration form for opting out of nomination in physical
or online as per the choice of the unit holder(s).

73
c. In case of physical option: The forms shall carry the wet signature of all the unit holder(s).

d. In case of online option:

(1) The unit holder(s) shall validate the forms by using e-Sign facility recognized under Information
Technology Act, 2000 or
(2) Through two factor authentication (2FA) in which one of the factor shall be a One-Time
Password sent to the unit holders at their email/phone number registered with the KYC Registration
Authority or AMC.

Implication of failure with respect to nomination:

On or after October 01, 2022, the application will be rejected if the applicant does not provide
nomination or does not provide declaration form for opting out of nomination, duly signed in physical
form or through online modes.
(ii) Existing Unitholders:
The existing individual unitholders of DSP Mutual Fund shall provide the nomination/ opting out of
nomination duly signed in physical form or through online modes on or before December 31, 2023 or
such other timeline as may be notified by SEBI from time to time, failing which the folios shall be
frozen for debits.
(iii) Who cannot nominate:
The nomination can be made only by individuals applying for/holding units on their own behalf singly
or jointly. Non-individuals including a Society, Trust, Body Corporate, Partnership Firm, Karta of Hindu
undivided family, a Power of Attorney holder and/or Guardian of Minor unitholder Holder of Power of
Attorney (POA) cannot nominate. The application will be rejected if the holder aforesaid non
individual sign the nomination form.

C. PERIODIC DISCLOSURES

Net Asset Value The NAVs of the Scheme/plans will be calculated by the Mutual Fund
(This is the value per Unit of on each Business Day and will be made available by 10 a.m. of the
the Scheme on a particular immediately succeeding Business Day
day. You can ascertain the
value of your investments by The information on NAVs of the Scheme/plans may be obtained by the
multiplying the NAV with your Unit Holders, on any day, by calling the office of the AMC or any of
Unit balance) the Investor Service Centres at various locations. The NAV of the
Scheme will also be updated on the AMFI website www.amfiindia.com
and on www.dspim.com.

In case of delay, the reasons for such delay would be explained to

AMFI in writing. If the NAVs of the Scheme are not available before
commencement of business hours on the following day due to any
reason, the Fund shall issue a press release providing reasons for the
delay and explaining when the Fund would be able to publish the
NAVs.

Latest available NAVs shall be available to unitholders through SMS,

upon receiving a specific request in this regard. Refer relevant
disclosures mentioned in the SAI available on AMC website i.e.
www.dspim.com.

Daily Performance disclosure In accordance with Clause 5.9 of the SEBI Master Circular, the AMC
shall disclose the performance of all schemes on the website of AMFI
on a daily basis. The disclosure shall include other scheme AUM and
previous day NAV.
Monthly Portfolio Disclosure The monthly portfolio of the Scheme shall be available in a user-
friendly and downloadable format on the website viz.
www.dspim.com on or before the tenth day of succeeding month. In
case of unit holders whose email addresses are registered with the
Fund, the AMC shall send monthly portfolio via email within 10 days
from the end of each month.

74
 The AMC shall provide a physical copy of the statement of the Scheme
portfolio, without charging any cost, on specific request received
from a unitholder.

Monthly Dashboard In accordance with Clause 5.8.4 of the SEBI Master Circular, the AMC
has developed a dashboard on the website wherein the investor can
access information relating to scheme’s AUM, investment objective,
expense ratios, portfolio details and past performance of each
scheme.
Monthly Average Asset under The Mutual Fund shall disclose the Monthly AAUM under different
Management (Monthly AAUM) categories of Schemes as specified by SEBI in the prescribed format
Disclosure on a monthly basis on its website viz. www.dspim.com and forward to
AMFI within 7 working days from the end of the month.
Half yearly Disclosures: In case of unit holders whose email address are registered with the
Portfolio Fund, the AMC shall send half yearly portfolio via email within 10 days
(This is a list of securities from the end of each half-year. The half yearly portfolio of the
where the corpus of the Scheme shall also be available in a user-friendly and downloadable
Scheme is currently invested. spreadsheet format on the AMFI’s website www.amfiindia.com and
The market value of these website of AMC viz. www.dspim.com on or before the 10th day of
investments is also stated in succeeding month.
portfolio disclosures)
The advertisement in this reference will be published by the Fund in
all India edition of atleast two daily newspapers, one each in English
and Hindi.

The AMC shall provide a physical copy of the statement of the Scheme
portfolio, without charging any cost, on specific request received
from a unitholder.
Half Yearly Financial Results The Fund shall, before the expiry of one month from the close of each
half year, (i.e. March 31 and September 30) shall display the
unaudited financial results on www.dspim.com and the advertisement
in this regards will be published by the Fund in at least one English
daily newspaper having nationwide circulation and in a newspaper
having wide circulation published in the language of the region where
the Head Office of the Fund is situated.
Annual Report Annual report or Abridged Summary, in the format prescribed by SEBI,
will be hosted on AMC’s website www.dspim.com and on the website
of AMFI www.amfiindia.com. Annual Report or Abridged Summary will
also be sent by way of e-mail to the investor’s who have registered
their email address with the Fund not later than four months from the
date of the closure of the relevant financial year i.e. March 31 each
year.

In case of unit holders whose email addresses are not available with
the Fund, the AMC shall send physical copies of scheme annual
reports or abridged summary to those unitholders who have ‘opted-in’
to receive physical copies. The opt-in facility to receive physical copy
of the scheme-wise annual report or abridged summary thereof shall
be provided in the application form for new subscribers.

Unitholders who still wish to receive physical copies of the annual

report/abridged summary notwithstanding their registration of e-mail
addresses with the Fund, may indicate their option to the AMC in
writing and AMC shall provide abridged summary of annual report
without charging any cost. Physical copies of the report will also be
available to the unitholders at the registered offices at all times. For
request on physical copy refer relevant disclosures mentioned in the
SAI available on AMC website i.e. www.dspim.com

The advertisement in this reference will be published by the Fund in

all India edition of atleast two daily newspapers, one each in English
and Hindi.

75
 Investors are requested to register their e-mail addresses with Mutual
Fund.
Associate Transactions Please refer the SAI.
Risk-o-Meter In accordance with Clause 5.16.1 of the SEBI Master Circular, AMC
based on internal assessment shall disclose the following in all
disclosures, including promotional material or that stipulated by SEBI:

a. risk-o-meter of the scheme wherever the performance of the

scheme is disclosed
b. risk-o-meter of the scheme and benchmark wherever the
performance of the scheme vis-à-vis that of the benchmark is
disclosed.

The portfolio disclosure shall also include the scheme risk-o-meter,

name of benchmark and risk-o-meter of benchmark.

Further, pursuant to as per Clause 17.4.1.i and 17.4.1.j of the SEBI

Master Circular, Risk-o-meters shall be evaluated on a monthly basis
and Mutual Funds/AMCs shall disclose the Risk-o-meters along with
portfolio disclosure for their schemes on AMCs website and on AMFI
website within 10 days from the close of each month. Mutual Funds
shall also disclose the risk level of schemes as on March 31 of every
year, along with number of times the risk level has changed over the
year, on AMCs website and AMFI website.

Investors may please note that the Risk-o-meter disclosed is basis

internal assessment of the scheme portfolio as on the date of
disclosure.
Investor services Investors may contact any of the Investor Service Centers (ISCs) of the
AMC for any queries / clarifications, may call on 1800-208-4499 or
1800-200-4499 (toll free), e-mail: [email protected]. Mr. Prakash
Pujari has been appointed as the Investor Relations Officer. He can be
contacted at DSP Asset Managers Private Limited Natraj, Office
Premises No. 302, 3rd Floor, M V Road Junction. W. E. Highway,
Andheri - East, Mumbai – 400069, Tel.: 022 - 67178000. For any
grievances with respect to transactions through stock exchange
mechanism, Unit Holders must approach either stock broker or the
investor grievances cell of the respective stock exchange.

Investors may contact the customer care of MFUI on 1800-266-1415

(during the business hours on all days except Sunday and Public
Holidays) or send an email to [email protected] for any
service required or for resolution of their grievances for their
transactions with MFUI.
Scheme Summary Document The AMC has provided on its website a standalone scheme document
for all the Schemes which contains all the details of the Scheme
including but not limited to Scheme features, Fund Manager details,
investment details, investment objective, expense ratios, etc.
Scheme summary document is uploaded on the websites of AMC, AMFI
and stock exchanges in 3 data formats i.e. PDF, Spreadsheet and a
machine readable format (either JSON or XML).

Taxation

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

Income Tax Rates and Withholding Rates (TDS) on Capital Gains

Category of Tax Rates* under the Act TDS Rates under the Act
units Residents NRI/PIOs & Other FPIs Residents NRI/PIO FPIs

76
 Non- resident other s&
than FPI Other
Non-
resident
other
than FPI
Short Term Capital Gains$
1. Units of a Taxable at In respect of non- 30% (u/s Nil 30%* for Nil
non-equity normal rates resident non-corporate 115AD) non-
oriented Scheme of tax Taxable at normal resident
other than applicable to rates of tax applicable s non
!
specified mutual the assessee to the assessee. corporat
fund es,
2. Units of a In respect of non- 40%* for
!
Specified Mutual resident corporates - non-
Fund acquired 40%. resident
prior to 1 April corporat
2023 es (u/s
3. Units of a 195)
!
Specified Mutual
Fund acquired on
or after 1 April
2023

Units of an 15% on redemption of Units where STT is payable Nil 15%* Nil
equity oriented on redemption (u/s 111A) (u/s
Scheme (listed 195)
and unlisted)
Long Term Capital Gain$
1. Listed units of 20% with 20% with indexation, 10% (u/s Nil 20%* Nil
a non-equity indexation, (u/s 112)** 115AD) with
oriented Scheme (u/s 112) ** ** indexati
other than on (u/s
!
specified mutual 195) **
fund
2. Listed Units of
a !Specified
Mutual Fund
acquired prior to
1 April 2023

1. Unlisted units 20% with 10% without indexation 10% (u/s Nil 10%* Nil
of a non-equity indexation, and no exchange 115AD) without
oriented Scheme (u/s 112) ** fluctuation**(u/s 112) ** indexati
other than on &
!
specified mutual exchang
fund e
2. Unlisted Units fluctuati
of a !Specified on (u/s
Mutual Fund 112) **
acquired prior
to 1 April 2023

Units of an 10% without indexation on redemption of Units Nil 10%* Nil

equity oriented where STT is payable on redemption (u/s 112A) in without
Scheme*** excess of INR 1 lakh indexati
on &
exchang
e
fluctuati
on
(exceedi

77
 ng INR 1
lac)#
** Capital gains on redemption of units held for a period of more than 36 months from the
date of allotment
***Capital gains on redemption of units held for a period of more than 12 months from the
date of allotment
$ including in case of consolidation of options under any scheme of a mutual fund (in the
absence of any specific exemption provision in the Income-tax Act, 1961)
#
With effect from 1 April 2022

Income Tax Rates and Withholding Rates (TDS) on income distributed by Mutual Funds

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

Distribution by Mutual Fund

Tax Rates* under the Act TDS Rates under the Act

Particula Residents NRI/PIOs &

NRI/PIOs &
rs Other Non-
Other Non- Resident
FPIs resident FPIs
resident other s
other than
than FPI
FPI
Any Taxable In respect of 20% 10% 20%* (u/s 20%*
distributi at non-resident (u/s (u/s 196A) or as (u/s
on by normal non-corporate 115AD 194K) per 196D
equity/ rates of Taxable at ) applicable )or
non- tax normal rates DTAA as
equity applicabl of tax whichever per
fund / e to the applicable to is lower appli
!
specified assessee the assessee cable
mutual (other than DTAA
fund units whic
purchased in heve
foreign r is
currency) lowe
r
In respect
of non-
resident
(not being
company)
or foreign
corporates
-20%(for
units
purchased
in foreign
currency)

*plus surcharge and Health and Education cess at the rate of 4% on income tax and surcharge.
Surcharge rates on Capital Gains shall be as per the below table:

Income > 50 Income Income > 2 Inc Inco

Nature of lakhs and > 1 cr cr and upto om me
Status of Investor Gains upto 1 and 5 cr(in Rs) e> exce
crores(in Rs) upto 2 5 cr edin
cr(in and g 10

78
 Rs) upt cr(in
o Rs)
10
cr(i
n
Rs)
Individuals/HUFs/B Long term & 10% 15% 15% 15% 15%
OIs/AOPs and Short term
Artificial juridical capital gains
persons on Equity
Oriented
Funds and
^Long term
capital gains
on Non-equity
oriented
funds (other
than
!
specified
mutual funds)
Individuals/HUFs/B Short term 10% 15% 25%
OIs/AOPs and capital gains
@ @
Artificial juridical on Non Equity 25 25%
persons oriented %
funds (other
than
!
specified
mutual funds)
Individuals/HUFs/B Capital gains 10% 15% 25%
OIs/AOPs and on !specified @
25 @
25%
Artificial juridical mutual funds %
persons
Firms, Local All Capital - 12% 12% 12% 12%
authorities Gains
Co-operative All Capital 7% 7% 7% 12
societies Gains
Domestic Company All Capital - 7% 7% 7% 12%
Gains
++
(New regime
under section 10% 10% 10% 10%
115BAA)
Foreign Company All Capital - 2% 2% 2% 5%
Gains

Surcharge and effective TDS rates for income distributed in respect of units of mutual fund
shall be as per below table:

Sr. Investor Category Dividend Effective TDS

TDS rate Surcharge Cess
No. amount rate
1 All Resident Investors 10% Excess of - - 10.000%
(Individual & Non Rs.5000
Individual)
Non Resident 20% 0 to 50L 0% 4% 20.800%
Individuals (NRI), FIIs, 50L to 1 Cr 10% 4% 22.880%
2 FPIs & NRIs. AOP(Other > 1 Cr to 2 15% 4% 23.920%
than Co-operative Cr
Society),BOI, artificial > 2 Cr to 5 25% 4% 26%
juridical person Cr
@
> 5 Cr and 25% 4% 26.000%
above
3 Resident investors 20% Any - - 20.000%

79
 without PAN, invalid Amount
PAN, PEKRAN
4 Non-filers of return+ 20% Any - - 20.000%
Amount
5 FII/ FPI 20% 1 Cr to 10 2% 4% 21.216%
Foreign company Cr
5% 4% 21.84%
more than
10 Crore &
above
6 Non resident (other than company)
(a) Co-operative 20% 1cr to 10cr 7% 4% 22.258%
society
More than 12% 4% 23.296%
10cr

(b) Firm 20% More than 12% 4% 23.296%

1cr

@
Finance Act, 2023 has amended surcharge rates for individuals and HUFs or association of
persons [other than a cooperative society], or body of individuals, whether incorporated or
not, or an artificial juridical person referred to in sub-clause (vii) of clause (31) of section 2
who opt for the new tax regime under section 115BAC. As per the amended section, the
maximum rate of surcharge shall be 25% for income computed under section 115BAC of the
Income tax Act, 1961 (new tax regime) instead of 37% under normal provisions (Old tax
regime). The new tax regime would be the default tax regime from FY 2023-24 onwards.

^The Finance Act, 2022 has levied the surcharge to be at par with Equity Oriented Scheme
with effect from 1 April 2022
++
In case company opts for new regime of taxation, then the surcharge would be applicable
at the rate of 10% irrespective of the taxable income.
!
Specified Mutual Fund" means a Mutual Fund by whatever name called, where not more than
thirty five per cent. of its total proceeds is invested in the equity shares of domestic
companies. Finance Act 2023 has inserted Section 50AA in the Income Tax Act, 1961. As per
the said section, with effect from 1 April 2023, gains/losses from units of Specified Mutual
Fund would be deemed to be short term capital gain/loss irrespective of period of holding
i.e. the definition of holding for more than 36 months to be considered as long term capital
asset is withdrawn. This is applicable for all such units which are acquired on or after Apr 1,
2023.
+
The Finance Act 2021 introduced special provisions for higher rate of TDS in case of non-
filers of Income tax return (referred to as “specified person”). Specified person does not
include a non-resident who does not have permanent establishment in India. Finance Act
2023, with effect from 1st April, 2023, amended the said proviso to also exclude a person
who is not required to furnish the return of income for the assessment year relevant to the
said previous year and is notified by the Central Government in the Official Gazette in this
behalf.

Any person entitled to receive any sum or income or amount, on which tax is deductible
under Chapter XVIIB (hereafter referred to as deductee), shall furnish his Permanent
Account Number to the person responsible for deducting such tax (hereafter referred to as
deductor), failing which tax shall be deducted at the higher of the following rates, namely:
(i) at the rate specified in the relevant provision of this Act; or
(ii) at the rate or rates in force; or
(iii) at the rate of twenty per cent.
The aforesaid provision dealing with higher taxation in the absence of furnishing Permanent
Account Number shall not apply to a non-resident with effect from 1st June, 2016 on
80
 furnishing the following details and documents by such non-resident:
(i) name, e-mail id, contact number;
(ii) address in the country or specified territory outside India of which the non-resident is a
resident;
(iii) a certificate of his being resident in any country or specified territory outside India from
the Government of that country or specified territory if the law of that country or specified
territory provides for issuance of such certificate;
(iv) Tax Identification Number of the non-resident in the country or specified territory of his
residence and in case no such number is available, then a unique number on the basis of
which the non-resident is identified by the Government of that country or the specified
territory of which he claims to be a resident.

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

Tax Chapter for investment in Overseas securities

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

General US Taxation Rules with Respect to Foreign Persons

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

Investment in US listed companies

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

81
Trading in stock or securities is generally not considered US trade or business unless taxpayer is a dealer
in stock or securities and effects the trade through US offices directly or through US office of its agent
other than independent agent.

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

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

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

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

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

Dividend Income

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

Investment in US Mutual Funds (US MF) or Exchange Traded Funds (US ETF)
US Taxation on Disposition of Units of US MF or US ETF
82
As discussed above in point 1, generally income from the sale of personal property by a foreign person is
not US source income and should not be subject to US taxation. Thus, capital gains received by the
Scheme on the disposition of interests in mutual funds and exchange traded funds (ETF), should not be
subject to taxation in the US.

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

US Taxation on Income Distribution by US MF or US ETF

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

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

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

Treaty Benefits to the Mutual Fund or ETF:

It is likely that the Scheme should be considered as a Person under Indian tax laws and so a tax resident
of India and so is likely to be eligible to claim the Double Taxation Avoidance Agreement (‘the DTAA’ or
‘the Treaty’) benefits between India and the US on the income earned and tax, if any, payable in the US
subject to completion of necessary documentations and the Scheme obtaining a tax residence
certificate form the Indian tax authorities. As long as the Scheme is treated as a corporation for US tax
purposes, the investors in the Scheme should not directly be subject to US tax. The main benefit of the
DTAA is that it reduces the US withholding tax amount with respect to certain U.S. source FDAP
payments and may exempt ECTI if it is not attributable to a U.S. permanent establishment.
As per the Treaty:
83
The Business income earned by the Scheme in the US should not be taxable in the US if the Fund does
not have a permanent establishment in the US; If the Scheme has a permanent establishment in the US,
then it will be subject to US tax on profits that are attributable to that permanent establishment. US
attributes business profits to U.S. permanent establishments of Indian resident corporations under the
same ECTI rules applicable to non-treaty residents with respect to the assets and activities conducted in
the permanent establishment. A more limited force of attraction rule is also applicable.; The Scheme
could be considered to have a permanent establishment in the US if it invests in a partnership that is
engaged in a trade or business in the US;
Capital gains arising on disposition of USRPIs is taxable in the US as per the US tax laws. There is no
exception in the DTAA for US taxation of disposition of USRPIs under the FIRPTA rules;
In general, dividend income beneficially earned by the Scheme in the US should be taxable at the rate
of 25% for portfolio ownership interests below 10%;
Interest income beneficially earned by the Scheme in the US should be subject to withholding tax at the
rate of 15% (to the extent not otherwise exempt under US internal rules such as the portfolio interest
exception); and
Any other income should be taxable in the US as per US tax laws.

Luxembourg securities
Taxation on investment in Luxembourg investment funds
There are no withholding taxes on dividends paid by Luxembourg investment funds.
The fund being Non-residing investors (individuals or corporations) are exempt from taxation in
Luxembourg on capital gains realized upon sale of their shares in a Luxembourg corporate investment
fund (even in cases where they held a substantial shareholding of more than 10%).

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

If this declaration is not received by an Irish Fund (and in the absence of written notice of approval
from Revenue Commissioners being obtained by the Irish Fund dispensing with the requirement to
provide such a declaration), an Irish Fund should deduct Irish tax in respect of the shares held by the
non-Irish Resident Shareholder. An Irish Fund should also deduct Irish tax if the Irish Fund has
information which reasonably suggests that a Shareholder’s declaration is incorrect. A Shareholder will
generally have no entitlement to recover such Irish tax. An Irish Fund must be informed if a Shareholder
becomes Irish tax resident.
Generally, Shareholders who are not Irish tax resident will have no other Irish tax liability with respect
to their Shares. However, if a Shareholder is a company which holds its Shares through an Irish branch
or agency, the Shareholder may be liable to Irish corporation tax in respect of profits and gains arising
in respect of the Shares (on a self-assessment basis).
In case if the fund is deemed to be a Non-Exempt Shareholders then a Shareholder is subject to tax
(e.g. because it has not provided the required non-resident declaration), an Irish Fund should deduct
Irish tax on distributions, redemptions and transfers and, additionally, on ‘eighth anniversary’ events,
as described below.
Distributions from an Irish Fund
If an Irish Fund pays a distribution to a non-exempt Shareholder, an Irish Fund should deduct Irish tax
from the distribution. The amount of Irish tax deducted will be:
84
 25% of the distribution; where the distribution is paid to a shareholder who is an Irish resident company
which has made the relevant declaration for the 25% rate to apply.
41% of the distribution in all other cases.
Redemptions and transfer of shares
If an Irish Fund redeems Shares held by a non-exempt Shareholder, an Irish Fund should deduct Irish tax
from the redemption payment made to the Shareholder. Similarly, if a non-exempt Shareholder
transfers (by sale or otherwise) an entitlement to Shares, an Irish Fund will account for Irish Investment
Undertaking tax in respect of that transfer. The amount of Irish tax deducted or accounted for will be
calculated by reference to the gain (if any) which has accrued to the Shareholder on the Shares being
redeemed or transferred and will be equal to:
25% of such gain; where the shareholder is an Irish resident company which has made the appropriate
declaration for the 25% rate to apply;
41% of the gain in all other cases.
If Shares are not denominated in euro, a Shareholder may be liable (on a self-assessment basis) to Irish
capital gains taxation on any currency gain arising on the redemption or transfer of the Shares.
“Eighth Anniversary” Events
If a non-exempt Shareholder does not dispose of Shares within eight years of acquiring them, the
Shareholder will be deemed for Irish tax purposes to have disposed of the Shares on the eighth
anniversary of their acquisition (and any subsequent eighth anniversary). On such deemed disposal, an
Irish Fund will account for Irish tax in respect of the increase in value (if any) of those Shares over that
eight-year period. The amount of Irish tax accounted for will be equal to:
25% of the increase in value of the shares where the Shareholder is a company which has made the
appropriate declaration for the 25% rate to apply;
41% of the increase in value in all other cases.
Any Irish tax paid in respect of the increase in value of Shares over the eight-year period may be set off
on a proportionate basis against any future Irish tax which would otherwise be payable in respect of
those Shares and any excess may be recovered on an ultimate disposal of the Shares.
Share Exchanges
Where a Shareholder Exchanges Shares on arm’s length terms for other Shares in the Irish Fund and no
payment is received by the Shareholder, an Irish Fund should not deduct Irish tax in respect of the
exchange.
Stamp Duty on transacting in shares
No Irish stamp duty (or other Irish transfer tax) will apply to the issue, transfer or redemption of Shares.
If a Shareholder receives a distribution in specie of assets from the ICAV, a charge to Irish stamp duty
could potentially arise.
Taxation on investment in Irish Exchange Traded Funds (ETFs)
Similar to active funds, ETFs are exempt from Irish tax on income and gains derived from their
investments and are not subject to Irish tax on their net asset value. As such income and gains arising to
an ETF are allowed to accumulate gross of Irish tax.
Non-Irish Resident Shareholders do not suffer any Irish tax on the occurrence of a chargeable event (e.g.
distribution or redemption) provided that the relevant non-resident declaration has been provided to
the fund. If the relevant declaration is not in place the ETF may be obliged to withhold tax at the
appropriate rate. However, withholding tax does not need to be applied in the event that shares are
held in a recognized clearing system (regardless of whether or not there is a declaration in place).

D. COMPUTATION OF NAV

The NAV of the Units of a Scheme will be computed by dividing the net assets of the Scheme by the
number of Units outstanding on the valuation date.
NAV of Units under each Scheme may be calculated by either of the following methods shown below:

85
 Market or Fair Value of Scheme’s investments
+ Current Assets - Current Liabilities and Provisions
NAV Per Unit (Rs.) =
No. of Units outstanding under the Scheme

The numerical illustration of the above method is provided below:

Market or Fair Value of Scheme’s investments (Rs.) = 11,42,53,650.00
Current Assets (Rs.) = 10,00,000.00
Current Liabilities and Provisions (Rs.) = 5,00,000.00
No. of Units outstanding under the Scheme = 1,00,00,000

11,42,53,650.00 + 10,00,000.00 - 5,00,000.00

NAV Per Unit (Rs.) = = 11.4754

1,00,00,000

N.B.: The aforesaid provisions pertaining to “Calculation of NAV” shall apply in respect of each
individual Scheme and/or plan as the case may be. The NAV Per Unit above is rounded off to four
decimals.

The NAV will be calculated as of the close of every Business Day.

NAVs will be rounded off to three or four decimal places based on the nature and category of the
scheme. The valuation of the Schemes’ assets and calculation of the Schemes’ NAVs shall be subject to
audit on an annual basis and such regulations as may be prescribed by SEBI from time to time.

Note: In respect of Schemes having Growth and IDCW Options, there will be more than one NAV, one
for each Option, after the declaration of the first IDCW by that Scheme.

Since this Scheme invests in units of underlying funds, the NAV of the Scheme for a business day (Day
T) will be based on the NAV of the underlying fund for that day (Day T). Since the NAV of the
underlying fund for a business day (Day T) would normally be available either late in the evening of the
business day (Day T) or on the following business day (T+1), the Scheme will declare the NAV for a
Business day on the next Business Day, based on the NAV of the underlying fund for the business day
for which the NAV is declared (Day T).

Illustration: Relating to computation and publication of NAV of the Scheme for a business day (Day T)

Day T Business day for which NAV is to be declared

Day T late evening or Day T+1 Underlying fund will publish their NAV
early morning
Day T+1 by 10.00 a.m. AMC will compute the NAV of the Scheme for Day T
AMC will publish the NAV of the Scheme for Day on its website,
upload the same on AMFI website

Valuation of the scheme’s assets, calculation of the scheme’s NAV and the accounting policies &
standards will be subject to such norms and guidelines that SEBI may prescribe from time to time and
shall be subject to audit on an annual basis.

Valuation of Foreign Exchange Conversion: On the valuation day, all the assets and liabilities in
foreign currency will be valued in Indian Rupees on the basis of methodology provided in the Valuation
Policy. The Trustees/AMC reserves the right to change the source for determining the exchange rate.
The reasons for the change in the source for determining the exchange rate will be recorded in
writing.

86
SECTION IV. FEES AND EXPENSES

This section outlines the expenses that will be charged to the Scheme.

A. NFO EXPENSE

These expenses are incurred for the purpose of various activities related to the NFO like sales and
distribution fees paid, marketing and advertising, registrar expenses, printing and stationary, bank
charges etc. The entire NFO expenses will be borne by the AMC.

B. ANNUAL SCHEME RECURRING EXPENSES

These are the fees and expenses incurred for operating the Scheme. These expenses include and are
not limited to Investment Management and Advisory Fee charged by the AMC, Registrar’s fee,
Marketing and selling costs etc., as given in the Table 2 which summarizes estimated annualized
recurring expenses as a % of daily net assets of the Scheme.

Operating & recurring expenses under regulation 52 (6) & 52 (6A):

The Scheme may charge expenses within overall limits as specified in the Regulations except those
expenses which are specifically prohibited. The annual total of all charges and expenses of the Scheme
shall be subject to the following limits, defined under Regulation 52 of SEBI MF regulations:

Table 1: Limit as prescribed under regulation 52 of SEBI MF regulations for other than Equity
oriented fund of fund scheme:

Particulars As a % of daily net assets as per Additional TER as

Regulation 52(6) (a) (iii) per Regulation 52
(6A) (b)^
On total assets 2.00% 0.30%

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

Notes to Table 1:

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

a. Brokerage and transaction costs which are incurred for the purpose of execution of trade up to
0.12 per cent of trade value in case of cash market transactions and 0.05 per cent of trade value in
case of derivatives transactions.

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

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

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

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

87
 The additional expenses charged shall be utilized for distribution expenses incurred for bringing
inflows from such cities. The additional expense charged to the Scheme on account of inflows from
such cities shall be credited back to the concerned Scheme in case such inflows are redeemed
within a period of one year from the date of investment.

Note: Pursuant to the directions received from SEBI vide its letter no. SEBI/HO/IMD-SEC-
3/P/OW/2023/5823/1 dated February 24, 2023 read along with AMFI communication dated March
02, 2023, w.e.f March 01, 2023 no additional expense shall be charged on the new inflows received
on or after March 01, 2023 from specified cities as per Regulation 52 (6A) (b) till any further
guidance is received from SEBI in this regard.

GST on investment and advisory fees:

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

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

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

Others:

In accordance with Clause 10.1.12.(a) of the SEBI Master Circular, all scheme related expenses
including commission paid to distributors, by whatever name it may be called and in whatever manner
it may be paid, shall be paid from the scheme only within the regulatory limits and not from the books
of the AMC, or by the trustee or sponsors.

Provided that the expenses that are very small in value but high in volume (as provided by AMFI in
consultation with SEBI) may be paid out of AMC’s books. Such expenses can be paid out of AMC’s books
at actuals or not exceeding 2 bps of the Scheme AUM, whichever is lower.

Further with regards to the cost of borrowings in terms of Regulation 44(2), the same shall be adjusted
against the portfolio yield of the Scheme and borrowing costs in excess of portfolio yield, if any, shall
be borne by the AMC.

C. Disclosure relating to changes in TER:

In accordance with Clause 10.1.8 of the SEBI Master Circular, the AMC shall prominently disclose TER
on daily basis on the website www.dspim.com. Further, changes in the base TER (i.e. TER excluding
additional expenses provided in Regulation 52(6A)(b), 52(6A)(c) of SEBI (Mutual Funds) Regulations,
1996 and Goods and Services Tax on investment and advisory fees) in comparison to previous base TER
charged to any scheme/plan shall be communicated to investors of the scheme/plan through notice via
email or SMS at least three working days prior to effecting such change.

The notices of change in base TER shall be updated on the website at least three working days prior to
effecting such change Provided that any decrease in TER in a mutual fund scheme due to various
regulatory requirements, would not require issuance of any prior notice to the investors.

The prior intimation/notice shall not be required for any increase or decrease in base TER due to
change in AUM and any decrease in base TER due to various regulatory requirements.

A. Illustrative example for estimating expenses for a scheme with corpus of 100 crores:

The AMC in good faith has estimated and summarized in the below table for each Scheme, the
expenses on a corpus size of Rs. 100 crores. The actual total expenses may be more or less than as
specified in the table below. The below expenses are subject to inter-se change and may
increase/decrease as per actuals, and/or any change in the Regulations.

Table 2: The estimated total expenses as a % of daily net assets of the Scheme are as follows:

88
 Sr No. Indicative Expense Heads % of daily net
assets
(i) Investment Management and Advisory Fees
(ii) Fees and expenses of trustees*
(iii) Audit fees
(iv) Custodian fees
(v) RTA Fees
(vi) Marketing & Selling expense incl. agent commission
(vii) Cost related to investor communications
(viii) Cost of fund transfer from location to location
Upto 2.00%
(ix) Cost of providing account statements and IDCW redemption cheques
and warrants
(x) Costs of statutory Advertisements
(xi) Cost towards investor education & awareness (at least 0.02 percent)
(xii) Brokerage & transaction cost over and above 0.12 percent percent for
cash trades.
(xiii) GST on expenses other than investment and advisory fees
(xiv) GST on brokerage and transaction cost
(a) Maximum total expense ratio (TER) permissible under Regulation 52 Upto 2.00%
(6) (a)(i)
(b) Additional expenses for gross new inflows from specified cities under Up to 0.30%
regulation 52(6A)(b)

*The Trusteeship fees as per the provisions of the Trust Deed are subject to a maximum of 0.02% of
the average net Trust Funds per annum. Trustee shall charge the Trusteeship Fees in proportion to
the net assets of each of the Scheme of the Mutual Fund.

The goods and service tax on Investment Management and Advisory fees will depend on the total
amount charged as Investment Management and Advisory fees. Currently it is chargeable at 18% on
Investment Management and Advisory Fees.

It is to be noted that the investors will be bearing the recurring expenses of the scheme, in addition to
the expenses of other schemes in which the Fund of Funds Scheme makes investments.

Expense Structure for Direct Plan -

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

The above expense structures are indicative in nature. Actual expenses could be lower than mentioned
above.

The purpose of the above table is to assist the investor in understanding the various costs & expenses
that the investor in the Scheme will bear directly or indirectly.

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

89
B. Illustration of impact of expense ratio on scheme’s returns:

Particulars Regular Plan Direct Plan

Amount invested at the beginning of the year 10,000 10,000
Annual income accrued to the scheme 1,000 1,000
Expenses other than Distribution expenses 75 75
Distribution expenses 25
Returns after expenses at the end of the year 900 925
% Returns after expenses at the end of the year 9.00% 9.25%

Link for TER disclosure: https://dspim.com/others/mandatory-disclosures

C. LOAD STRUCTURE

Load is an amount which is paid by the investor to subscribe to the units or to redeem the units from
the Scheme. This amount is used by the AMC to pay commissions to the distributor and to take care of
other marketing and selling expenses. Load amounts are variable and are subject to change from time
to time. For the current applicable structure, investors may refer the website of the AMC
www.dspim.com or call at 1800- 200-44-99 (toll free) or may contact their distributor.

Entry Load Not Applicable

Exit Load # (as a % of Applicable NAV) NIL

#Applicable for investments made through normal purchase and SIP/STP/SWP transactions.

Note on load exemptions:

1. No Entry Load will be charged with respect to applications for purchase/additional
purchase/switch-in and applications for registration of SIP/STP, accepted by the Mutual Fund
2. There will be no Exit Load on inter-option switching.
3. No load will be charged on issue of bonus Units and Units allotted on reinvestment of IDCW for
existing as well as prospective investors.
4. No exit load shall be levied in case of switch of investments from Direct Plan to Regular Plan and
vice versa

Investors may note that the Trustee has the right to modify exit load subject to a maximum as
prescribed under the SEBI (MF) Regulations. Any imposition or enhancement in the load shall be
applicable on prospective investments only. At the time of changing the load structure, the AMC shall
consider the following measures to avoid complaints from investors about investment in the Scheme
without knowing the loads:

(i) Addendum detailing the changes will be attached to the SID and Key Information Memorandum
(KIM). The addendum may be circulated to all the distributors/brokers so that the same can be
attached to all SIDs and KIMs already in stock.
(ii) Arrangements will be made to display the addendum to the SID in the form of an addenda in all the
ISCs/offices of the AMC/Registrar.
(iii) The introduction of the Exit Load along with the details may be stamped in the acknowledgement
slip issued to the investors on submission of the application form and will also be disclosed in the
statement of accounts issued after the introduction of such load.

Investors are requested to check the prevailing load structure of the Schemes before investing.

Exit load charged shall be credited to the scheme. The GST on exit load shall be paid out of the exit
load proceeds and exit load net of GST shall be credited to the concerned scheme.

D. WAIVER OF LOAD FOR DIRECT APPLICATIONS

Pursuant to Clause 10.4.1 of the SEBI Master Circular no entry load shall be charged for all mutual fund
schemes. Therefore, the procedure for waiver of load for direct applications is no longer applicable.

90
E. TRANSACTION CHARGE

Investors may note that the AMC has discontinued the payment of transaction charges to distributors
effective May 01, 2023.

Accordingly no transaction charges shall be deducted from the investment amount given by the
investor, for transactions / applications received through the distributors (i.e. in Regular Plan) and full
investment amount will be invested in the Scheme.

F. STAMP DUTY

Investors / Unit Holders of all the scheme(s) of DSP Mutual Fund are advised to take note that,
pursuant to notification no. S.O. 4419(E) dated December 10, 2019 read with notification no. S.O.
115(E) dated January 08, 2020 and notification no. S.O. 1226(E) dated March 30, 2020 issued by
Department of Revenue, Ministry of Finance, Government of India, read with Part I of Chapter IV of
Notification dated February 21, 2019 issued by Legislative Department, Ministry of Law and Justice,
Government of India on the Finance Act, 2019, applicable stamp duty would be levied on mutual fund
investment transactions with effect from July 1, 2020.

Accordingly, pursuant to levy of stamp duty, the number of units allotted on purchases, switch-ins,
SIP/STP installments, (including IDCW reinvestment) to the unit holders would be reduced to that
extent.

SECTION V - RIGHTS OF UNITHOLDERS

Please refer to SAI for details.

SECTION VI - PENALTIES AND PENDING LITIGATION

Penalties and pending litigation or proceedings, findings of inspections or investigations for which
action may have been taken or is in the process of being taken by any regulatory authority
1. Details of all monetary penalties imposed and/ or action taken during the last three years or
pending with any financial regulatory body or governmental authority, against Sponsor(s) and/ or
the AMC and/ or the Board of Trustees /Trustee Company; for irregularities or for violations in the
financial services sector, or for defaults with respect to shareholders or debenture holders and
depositors, or for economic offences, or for violation of securities law. Details of settlement, if
any, arrived at with the aforesaid authorities during the last three years:
NONE.
2. Details of all enforcement actions taken by SEBI in the last three years and/ or pending with SEBI
for the violation of SEBI Act, 1992 and Rules and Regulations framed there under including
debarment and/ or suspension and/ or cancellation and/ or imposition of monetary
penalty/adjudication/enquiry proceedings, if any, to which the Sponsor(s) and/ or the AMC and/ or
the Board of Trustees /Trustee Company and/ or any of the directors and/ or key personnel
(especially the fund managers) of the AMC and Trustee Company were/ are a party:
• An Adjudication Order dated December 29, 2022 has been issued in the matter of practice
of charging total expense ratio to AMC books by DSP Mutual Fund in case of DSP Nifty 50
ETF. Pursuant to said order, a monetary penalty of Rs. One lakh each has been imposed on
DSP Investment Managers Private Limited and DSP Trustee Private Limited which was paid
on January 30, 2023 and January 27, 2023, respectively.

3. Any pending material civil or criminal litigation incidental to the business of the Mutual Fund to
which the Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee Company and/ or any
of the directors and/ or key personnel are a party:
• On January 21, 2020, the AMC filed a plaint in the Honorable High Court of Judicature at
Bombay, Ordinary Original Civil Jurisdiction in its Commercial Division a suit for infringement
of trademark and passing off (Category Code no.1017 Act Code No.87) against DSP Realty, a
proprietary concern of Shrikant Bhausahub Pawar (‘Defendant’). The mentioned suit was filed
inter-alia for the acts of infringement, passing off and damages by the Defendant, whose
trade mark is deceptively similar to the AMC’s registered DSP marks. On February 04, 2020,
the Honorable High Court granted ad-interim relief restraining the Defendant from using of

91
 trademark. The matter is now at hearing stage and the AMC is awaiting an intimation in
relation to the hearing date from the High Court.

• AMC holds non-convertible debentures issued by Accelerating Education and Development

Private limited (AEDPL), a Resonance group entity vide Debenture Trust Deed dated
November 10, 2016. AEDPL defaulted in repayment of redemption amount. AMC filed a
petition under section 9 of the Arbitration and Conciliation Act, 1996 before the Delhi High
Court seeking interim reliefs inter alia in the nature of non-alienation of assets for securing
the entire amount of Rs. 144,76,82,011/- due and payable by Resonance Group to AMC..
During the course of hearing dated 28th May 2021 AEDPL and other Resonance group entities
had undertaken not to alienate their assets. The pleadings stand completed and the matter is
ripe for arguments. The matter is listed for hearing on 22nd January 2024.

• A petition under the Insolvency and Bankruptcy Code, 2016 with National Company Law
Tribunal has been filed by DSP Asset Managers Private Limited on behalf of certain schemes
of DSP Mutual Fund against Grant Thornton India (Bharat) LLP, Infrastructure Leasing and
Financial Services Limited and IDBI Trusteeship Limited.

4. Any deficiency in the systems and operations of the Sponsor(s) and/ or the AMC and/ or the Board
of Trustees/Trustee Company which SEBI has specifically advised to be disclosed in the SID, or
which has been notified by any other regulatory agency:
NONE.

Undertaking from Trustees

The Trustees have ensured that DSP US Treasury Fund of Fund, approved by them, is a new product
offered by DSP Mutual Fund. DSP US Treasury Fund of Fund has been approved by the Trustees on
December 08, 2023.

Notwithstanding anything contained in this SID, the provisions of the SEBI (MF) Regulations, 1996
and the guidelines there under shall be applicable.

For DSP Trustee Private Limited

Trustee: DSP Mutual Fund

Sd/-
Shitin D. Desai
Director

Place: Mumbai
Date: February 26, 2024

92
 List of Official Points of Acceptance of Transactions*
DSP Asset Managers Private Limited - Investor Service Centres

Head Office Mafatlal Centre, 10th Floor, Nariman Point, Mumbai - 400 021.

Agra Shanta Tower, Office No. 12, 1st Floor, Block No. E-14, 16, Sanjay Place, Agra – 282002.

Ahmedabad 3rd EYE ONE, Office No. 301, 3rd Floor, Opposite Havmor Restaurant, C.G. Road, Panchvati, Ahmedabad - 380006.

Andheri NATRAJ, Office No. 302, 3rd Floor, Plot No – 194, MV Road Junction, Western Express Highway, Andheri (East), Mumbai – 400069.

Bangalore Raheja Towers, West Wing, Office No. 104 -106, 1st floor, 26-27, M.G. Road, Bengaluru - 560001.

Bhopal Star Arcade, Office No. 302, 3rd Floor, Plot No. 165 A and 166, Zone-1, M.P Nagar, Bhopal - 462011.

Bhubneshwar Lotus House, Office No. 3, 2nd Floor, 108 - A, Kharvel Nagar, Unit III, Master Canteen Square, Bhubaneshwar - 751001.

Chandigarh SCO 2471 – 72, 1st Floor, Sector 22 – C, Chandigarh - 160022.

Chennai Raheja Towers, 7th Floor, Office No. 712, Alpha Wing of Block ‘A’, Anna Salai, Mount Road, Chennai, Tamil Nadu – 600002

Coimbatore A.M.I. Midtown, Office No. 25A4, 3rd Floor, D.B. Road, R.S. Puram, Coimbatore - 641002.

Dehradun NCR Plaza, Ground floor, Office No. G 12/A, (No. 24-A) (New No. 112/28, Ravindranath Tagore Marg), New Cantt Road, Hathibarhkala, Dehradun – 248001.

Goa Cedmar Apartments, Block D-A, 3rd Floor, Next to Hotel Arcadia, M.G. Road, Panjim, Goa - 403001

Gurgaon Vipul Agora Mall, Office No 227 & 228, Near Sahara Mall, Mehrauli-Gurgaon Rd, Near MG Metro Station, Sector 28, Gurugram, Haryana 122 001

Guwahati Bibekananda Complex, Office No. 3, 2nd Floor, Near ABC Bus Stop, G S Road, Guwahati - 781005.

Hyderabad RVR Towers, Office No. 1-B, 1st Floor, Door No.6-3-1089/F, Rajbhavan Road, Somajiguda, Hyderabad - 500082

Indore Starlit Tower, Office No. 206, 2nd Floor, 29/1, Y.N Road, Opp. S.B I Indore Head Office, Indore - 452001.

Jaipur Green House, Office No. 308, 3rd Floor, Ashok Marg, Jaipur - 302001

Jamshedpur Shantiniketan, 2nd Floor, Main Road, P.O. Bistupur, Jamshedpur - 831 001.

Jodhpur LOTUS Tower, Block No E, 1st Floor, Plot No 238, Sardarpura, 3rd B Road, Opposite Gandhi Maidan, Jodhpur - 342003

Kanpur KAN Chambers, Office No. 701 & 702, 7th Floor, 14/113, Civil Lines, Kanpur - 208001.

Kochi Amrithaa Towers, Office No. 40 / 1045 H1, 6th Floor, Opp. Maharajas College Ground, M.G. Road, Kochi - 682011.

Kolkata Legacy Building, 4th Floor, Office no. 41B, 25A Shakespeare Sarani, Kolkata - 700017.

Lucknow Capital House, 3rd Floor, 2, Tilak Marg, Hazratganj, Lucknow - 226001.

Ludhiana SCO-29, 1st Floor, Feroze Gandhi Market, Pakhowal Road, Ludhiana -141001.

Mangalore 14-6-674/15(1), SHOP NO -UG11-2, Maximus Complex, Light House Hill Road Mangalore - 575001.

Nagpur Milestone, Office No. 108 & 109, 1st Floor, Ramdaspeth, Wardha Road, Nagpur - 440010.

Nashik Bedmutha's Navkar Heights, Office No 1 & 2, 3rd Floor, New Pandit Colony, Sharanpur Road, Nashik - 422002.

New Delhi Narian Manzil , 219 to 224, 2nd Floor, 23 Barakhamba Road, New Delhi - 110011

Patna Hari Ram Heritage, Office 404, 4th Floor, S.P Verma Road, Patna – 800001

Pune City Mall, 1st Floor, Office No. 109 (B&C) University Square, University Road, Pune-411007.

Raipur Raheja Towers, Office No. SF 18, 2nd Floor, Near Hotel Celebration, Fafadih, Raipur - 492001

Rajkot Hem Arcade, Office No. 303, 3rd Floor, Opposite Swami Vivekanand Statue, Dr. Yagnik Road, Rajkot - 360001.

Ranchi Shrilok Complex, Office No 106 to 109, 1st Floor, Plot No - 1999 & 2000, 4, Hazaribagh Road, Ranchi - 834001.

Surat International Trade Centre (ITC), B-Wing, Office No. G-28, Ground Floor, Majura Gate Crossing, Ring Road, Surat - 395002.

Trivandrum Menathottam Chambers, TC-2442(6), 2nd Floor, Pattom PO, Thiruvananthapuram – 695004.

Vadodara Naman House, 1st Floor, 1/2 - B, Haribhakti Colony, Opp. Race Course Post Office, Race Course, Near Bird Circle, Vadodara - 390007.

Vapi Bhikaji Regency, Office No. 3, 1st Floor, Opposite DCB Bank, Vapi - Silvasa Road, Vapi - 396195.

Varanasi Arihant Complex, 7th Floor, D-64/127, C-H, Sigra, Varanasi - 221010

Vizag VRC complex, Office No. 304B, 47-15-14/15, Rajajee Nagar, Dwaraka Nagar, Visakhapatnam – 530016.
 CAMS Investor Service Centres and Transaction Points

Agartala Nibedita, 1st floor, JB Road, Palace Compound, Agartala, Near Babuana Tea and Snacks, Tripura west,799001
Agra No. 8, II Floor Maruti Tower Sanjay Place ,Agra ,Uttarpradesh-282002
Ahmedabad 111- 113,1 st Floor- Devpath Building Off C G Road Behind Lal Bungalow,Ellis Bridge, Ahmedabad Gujarat 380006
Ahmednagar CAMS SERVICE CENTER,Office No.3.1st Floor,Shree Parvati,Plot No.1/175,Opp. Mauli Sabhagruh,Zopadi Canteen,Savedi,Ahmednagar-414003
Ajmer AMC No. 423/30 Near Church, Brahampuri, Opp T B Hospital,Jaipur Road,Ajmer,Rajasthan,305001
Akola Opp. RLT Science CollegeCivil Lines,Akola,Maharashtra,444001
Aligarh City Enclave, Opp. Kumar Nursing Home Ramghat Road Aligarh Uttarpradesh-202001
Allahabad 30/2, A&B, Civil Lines Station Besides ,Vishal Mega Mart Strachey Road, Allahabad ,Uttarpradesh-211001
Alleppey Doctor's Tower Building,Door No. 14/2562, 1st floor,North of Iorn Bridge, Near Hotel Arcadia Regency, Alleppey Kerala,688001
Alwar 256A, Scheme No:1,Arya Nagar,Alwar,Rajasthan,301001
Amaravati 81, Gulsham Tower,2nd Floor,Near Panchsheel Talkies,Amaravati,Maharashtra,444601
Ambala CAMS SERVICE CENTRE,SCO 48-49,Ground Floor,opp peer, Bal Bhawan Road, Near HDFC Bank,Ambala City, Haryana - 134 003
Amritsar CAMS SERVICE CENTER,3rd Floor,Bearing Unit No-313,Mukut House,Amritsar-143001
Anand 101, A.P. Tower,B/H, Sardhar Gunj,Next to Nathwani Chambers,AnandGujarat388001
Anantapur AGVR Arcade, 2nd Floor, Plot No.37 (Part), Layout No.466/79, Near: Canara Bank, Sangamesh Nagar, Anantapur -515001 Andhra Pradesh
Andheri CAMS Pvt Ltd,No.351,Icon,501,5th Floor,Western Express Highway,Andheri East,Mumbai-400069
Ankleshwar Shop No - F -56, First Floor,Omkar ComplexOpp Old Colony,Nr Valia Char Rasta,GIDC,Ankleshwar,Gujarat,393002
Asansol Block – G 1st Floor,P C Chatterjee Market Complex Rambandhu Talab PO, Ushagram Asansol Westbengal Pin No 713303
Aurangabad CAMS SERVICE CENTRE,2nd Floor,Block No.D-21-D-22,Motiwala Trade Centre,Nirala Bazar,New Samarth Nagar,Opp.HDFC Bank,Aurangabad-431001
Balasore B C Sen Road,Balasore,Orissa,756001
Ballari CAMS SERVICE CENTER,No.18/47/A,Govind Nilaya,Ward No.20,Sangankal Moka Road,Gandhinagar,Ballari-583102
Bangalore Trade Centre,1st Floor45, Dikensen Road ( Next to Manipal Centre ),Bangalore,Karnataka,560042
Bangalore(Wilson Garden) CAMS SERVICE CENTER,First Floor,No.17/1,-(272) 12Th Cross Road,Wilson Garden,Bangalore-560027
Bankura 1st Floor, Central Bank Building, Machantala, PO Bankura, Dist Bankura, West Bengal, PIN – 722101
Bareilly CAMS SERVICE CENTER,F-62-63,2nd Floor,Butler Plaza Commercial Complex Civil Lines Bareilly Uttarpradesh-243001
Basti CAMS C/O RAJESH MAHADEV & CO SHOP NO 3,1st Floor, JAMIA COMLEX STATION ROAD, BASTI PIN - 272002
Belgaum CAMS SERVICE CENTRE,Classic Complex,Block No.104,1st Floor,Saraf Colony,Khanapur Road,Tilakwadi,Belgaum-590006
Berhampur CAMS SERVICE CENTER,Kalika temple Street,Ground Floor,Beside SBI BAZAR Branch,Berhampur-760002
Bhagalpur CAMS SERVICE CENTRE,Ground Floor, Gurudwara Road, Near Old Vijaya Bank, Bhagalpur – 812001
Bharuch CAMS SERVICE CENTRE,A-111,First Floor,R K Casta,Behind Patel Super Market,Station Road,Bharuch-392001
Bhatinda 2907 GH,GT Road,Near Zila Parishad,Bhatinda,Punjab,151001
Bhavnagar 501-503, Bhayani Skyline, Behind Joggers Park, Atabhai Road, Bhavnagar – 364001
Bhilai CAMS SERVICE CENTRE,1st Floor,Plot No.3,Block No.1,Priyadarshini Pariswar west,Behind IDBI Bank,Nehru Nagar,Bhilai-490020
Bhilwara C/o Kodwani Associtates Shope No 211-213 2nd floor Indra Prasth Tower syam Ki Sabji Mandi Near Mukerjee Garden Bhilwara-311001 (Rajasthan)
Bhopal Plot no 10, 2nd Floor,Alankar Complex,Near ICICI Bank,MP Nagar, Zone II,Bhopal,MadhyaPradesh462011
Bhubaneswar Plot No -111,Varaha Complex Building3rd Floor,Station Square,Kharvel Nagar,Unit 3-Bhubaneswar-Orissa-751001
Bhuj CAMS SERVICE CENTRE,Office No.4-5,First Floor,RTO Relocation Commercial Complex-B,Opp.Fire Station,Near RTO Circle,Bhuj-Kutch-370001
Bhusawal (Jalgaon TP) 3, Adelade Apartment,Christain Mohala, Behind Gulshan-E-Iran Hotel,Amardeep Talkies Road,Bhusawal,Maharashtra,425201
Bikaner Behind rajasthan patrika In front of vijaya bank 1404,amar singh pura Bikaner.334001
Bilaspur CAMS SERVICE CENTRE,Shop No.B-104, First Floor,Narayan Plaza,Link Road,Bilaspur(C.G)-495001
Bokaro 1st Floor, Plot No. HE-7, City Centre, Sector 4, Bokaro Steel City, Bokaro-827004
Borivali 501 – TIARA, CTS 617, 617/1-4, Off Chandavarkar Lane, Maharashtra Nagar, Borivali – West, Mumbai – 400092
Burdwan No. 399 G T Road, Basement, Building Name Talk of the town, Burdwan, Westbangal – 713101
Calicut 29/97G 2nd Floor,S A Arcade,Mavoor Road,Arayidathupalam,CalicutKerala-673016
Chandigarh Deepak Tower, SCO 154-155,1st Floor-Sector 17-Chandigarh-Punjab-160017
Chennai Ground Floor No.178/10,Kodambakkam High Road, Opp. Hotel Palmgrove,Nungambakkam-Chennai-Tamilnadu-600034
Chennai-Satelite ISC No.158,Rayala Tower-1,Anna salai,Chennai-600002
Chhindwara CAMS SERVICE CENTER,2nd Floor,Parasia Road,Near Surya Lodge,Sood Complex,Above Nagpur CT Scan, Chhindwara,MadhyaPradesh 480001
Chittorgarh 3, Ashok Nagar, Near Heera Vatika,Chittorgarh, Rajasthan 312001
Cochin CAMS SERVICE CENTER,Building Name Modayil,Door No. 39/2638 DJ,2nd Floor 2A M.G. Road,Cochin - 682 016
Coimbatore CAMS SERVICE CENTRE,No.1334,Thadagam Road,Thirumurthy Layout,R.S.Puram,Behind Venketeswara Bakery,Coimbatore-641002
Coochbehar Nipendra Narayan Road (N.N Road) Opposite Udichi Market Near – Banik Decorators PO & Dist , Cooch Behar, West Bengal, Pin 736101
Cuttack Near Indian Overseas BankCantonment Road,Mata Math,Cuttack,Orissa,753001
Darbhanga Ground Floor , Belbhadrapur, Near Sahara Office, Laheriasarai Tower Chowk, Laheriasarai, Darbhanga- 846001.
Davangere 13, Ist Floor,Akkamahadevi Samaj ComplexChurch Road,P.J.Extension,Davangere,Karnataka,577002
Dehradun 204/121 Nari Shilp Mandir Marg(Ist Floor) Old Connaught Place,Chakrata Road,Dehradun,Uttarakhand,248001
Deoghar S S M Jalan RoadGround floorOpp. Hotel Ashoke,Caster Town,Deoghar,Jharkhand,814112
Dhanbad Urmila Towers,Room No: 111(1st Floor) Bank More,Dhanbad,Jharkhand,826001
Dharmapuri 16A/63A, Pidamaneri Road, Near Indoor Stadium,Dharmapuri,Tamilnadu 636701
Dhule House No 3140, Opp Liberty Furniture,Jamnalal Bajaj Road, Near Tower Garden,Dhule,Maharashtra 424001
Dibrugarh CAMS SERVICE CENTER,Amba Complex,Ground Floor,H S Road,Dibrugarh-786001
Durgapur CAMS SERVICE CENTRE,Plot No.3601,Nazrul Sarani,City Centre,Durgapur-713216
Erode 197, Seshaiyer Complex,Agraharam Street,Erode,Tamilnadu,638001
Faizabad CAMS SERVICE CENTRE,9/1/51, Rishi Tola, Fatehganj, Ayodhya( Faizabad) – 224001
Faridabad LG 3 SCO 12 SECTOR 16, BEHIND CANARA BANK ,Faridabad,Haryana,121001
Gandhidham CAMS SERVICE CENTER,Shyam Sadan,First Floor,Plot No.120,Sector 1/A,Gandhidham-370201
Gaya CAMS SERVICE CENTER,North Bisar Tank,Upper Ground Floor,Near-I.M.A. Hall,Gaya-823001
Ghatkopar CAMS SERVICE CENTRE,Platinum Mall,Office No.307,3rd Floor,Jawahar Road,Ghatkopar East,Mumbai-400077
Ghaziabad CAMS SERVICE CENTER,1st Floor,C-10 RDC Rajnagar,Opp Kacheri Gate No.2,Ghaziabad-201002
Goa CAMS SERVICE CENTER,Office No.103,1st Floor,Unitech City Centre,M.G.Road,Panaji Goa,Goa-403001
Gondal (Parent Rajkot) A/177, Kailash Complex Opp. Khedut Decor Gondal,Gujarat,360311
Gorakhpur CAMS SERVICE CENTRE,Shop No.5 & 6,3Rd Floor,Cross Road The mall,A D Tiraha,bank Road,Gorakhpur-273001
Gulbarga Pal Complex, Ist Floor,Opp. City Bus Stop,SuperMarket,Gulbarga,Karnataka 585101
Guntur CAMS SERVICE CENTER,Door No.31-13-1158,1st floor,13/1,Arundelpet,Ward No.6,Guntur-522002
Gurgaon SCO - 16, Sector - 14, First floor,Gurgaon,Haryana,122001
Guwahati CAMS SERVICE CENTRE,Piyali Phukan Road,K.C.Path,House No.1,Rehabari,Guwahati-781008
Gwalior G-6 Global Apartment,Kailash Vihar Colony, Opp. Income Tax Office, City Centre, Gwalior Madhya Pradesh-474002
Haldia MOUZA-BASUDEVPUR, J.L. NO. 126, Haldia Municipality, Ward No 10, Durgachak, Haldia – 721602
Haldwani Durga City Centre, Nainital Road, Haldwani, Uttarakhand-263139
Haridwar F - 3, Hotel Shaurya, New Model Colony, Haridwar, Uttarkhand – 249408
Hazaribag Municipal MarketAnnanda Chowk,Hazaribag,Jharkhand,825301
Himatnagar D-78, First Floor,New Durga Bazar,Near Railway Crossing,Himmatnagar,Gujarat 383001
Hisar CAMS SERVICE CENTRE,No-12, Opp. HDFC Bank,Red Square Market,Hisar,Haryana,125001
Hoshiarpur Near Archies Gallery,Shimla Pahari Chowk,Hoshiarpur ,Punjab 146001
Hosur CAMS SERVICE CENTER,Survey No.25/204,Attibele Road,HCF Post,Mathigiri,Above Time Kids School,Oppsite To Kuttys Frozen Foods,Hosur-635110
Hubli No.204 - 205,1st Floor' B ' Block, Kundagol ComplexOpp. Court, Club Road,Hubli,Karnataka,580029
Indore 101, Shalimar Corporate Centre, 8-B, South Tukogunj,Opp.Greenpark, Indore,MadhyaPradesh,452001
Jabalpur 8, Ground Floor, Datt Towers,Behind Commercial Automobiles,Napier Town,Jabalpur,MadhyaPradesh,482001
Jaipur R-7, Yudhisthir Marg C-SchemeBehind Ashok Nagar Police Station,Jaipur,Rajasthan,302001
Jalandhar CAMS SERVICE CENTER, 144,Vijay Nagar,Near Capital Small Finance Bank,Football Chowk,Jalandar City-144001
Jalgaon Rustomji Infotech Services70, NavipethOpp. Old Bus StandJalgaon,Maharashtra,425001
Jalna Shop No 6, Ground Floor,Anand Plaza Complex,Bharat Nagar,Shivaji Putla Road,Jalna,Maharashtra,431203
Jammu JRDS Heights Sector 14 Nanak Nagar Near Peaks Auto Showroom Jammu Jammu & Kashmir, 180004
Jamnagar 207,Manek Centre,P N Marg,Jamnagar,Gujarat,361001
Jamshedpur Millennium Tower, "R" Road, Room No:15 First Floor, Bistupur,Jamshedpur,Jharkhand,831001
Janakpuri Office Number 112, 1st Floor Mahatta Tower, B Block Community Centre, Janakpuri, New Delhi -110058
Jaunpur 248, Fort Road Near Amber Hotel, Jaunpur Uttarpradesh-222001
Jhansi No.372/18D,1st Floor Above IDBI Bank,Beside V-Mart,Near RAKSHAN,Gwalior Road,Jhansi-284001
Jodhpur 1/5, Nirmal Tower,1st Chopasani Road,Jodhpur,Rajasthan,342003
Junagadh "Aastha Plus", 202-A, 2nd FloorSardarbag Road, Nr. AlkapuriOpp. Zansi Rani Statue, Junagadh Gujarat-362001
Kadapa Bandi Subbaramaiah Complex,D.No:3/1718, Shop No: 8, Raja Reddy Street,Kadapa,AndhraPradesh,516001
Kakinada CAMS SERVICE CENTRE,D No.25-4-29,1St floor,Kommireddy vari street,Beside Warf Road,Opp swathi medicals,Kakinada-533001
Kalyani A – 1/50, Block A Kalyani, Dt - Nadia, West Bengal, PIN- 741235
Kannur Room No.PP.14/435Casa Marina Shopping CentreTalap,Kannur,Kerala,670004
Kanpur First Floor 106 to 108City Centre Phase II,63/ 2, The Mall Kanpur Uttarpradesh-208001
Karimnagar HNo.7-1-257, Upstairs S B H mangammathota,Karimnagar,Telangana,505001
Karnal No.29,Avtar Colony,Behind vishal mega mart,Karnal-132001
Karur 126 G, V.P.Towers, Kovai Road,Basement of Axis BankKarur,Tamilnadu,639002
Katni 1st Floor,Gurunanak dharmakanta,Jabalpur Road,Bargawan,Katni,MadhyaPradesh 483501
Khammam Shop No: 11 - 2 - 31/3, 1st floor,Philips Complex,Balajinagar, Wyra Road,Near Baburao Petrol Bunk,Khammam,Telangana 507001
Kharagpur CAMS SERVICE CENTRE,"Silver Palace" OT Road,Inda-Kharagpur,G-P-Barakola,P.S.Kharagpur Local,Dist West Midnapore-721305
Kolhapur 2 B, 3rd Floor,Ayodhya Towers,Station Road,Kolhapur,Maharashtra,416001
Kolkata CAMS SERVICE CENTER,2/1,Russell Street,2nd Floor,Kankaria Centre,Kolkata-700071
Kolkata-CC (Central) Cams Collection Centre, 3/1,R.N. Mukherjee Road, 3rd Floor, Office space -3C, “Shreeram Chambers”, Kolkata -700 001
Kollam CAMS SERVICE CENTRE,Uthram Chanmbers(Ground Floor),Thamarakulam,Kollam-691006
Kota B-33 'Kalyan Bhawan, Near Triangle Park,Vallabh Nagar,Kota,Rajasthan,324007
Kottayam CAMS SERVICE CENTER,1307 B,Puthenparambil Building,KSACS Road,Opp.ESIC Office,Behind Malayala Manorama Muttambalam P O,Kottayam-686501
Kukatpally CAMS SERVICE CENTRE,No.15-31-2M-1/4,1st floor,14-A,MIG,KPHB colony,Kukatpally,Hyderabad-500072
Kumbakonam No.28/8 1st Floor, Balakrishna Colony, Pachaiappa Street, Near VPV Lodge, Kumbakonam – 612001
Kurnool CAMS SERVICE CENTRE,Shop No.26 and 27,Door No.39/265A and 39/265B,Second Floor,Skanda Shopping Mall,Old Chad Talkies,Vaddageri,39th Ward,Kurnool-518001
Lucknow CAMS SERVICE CENTER,Office No.107,1St Floor,Vaisali Arcade Building,Plot No 11, 6 Park Road,Lucknow-226001
Ludhiana U/ GF, Prince Market, Green Field,Near Traffic Lights,Sarabha Nagar Pulli,Pakhowal Road,Ludhiana,Punjab,141002
Madurai Shop No 3 2nd Floor Surya Towers,No 272/273 Goodshed Street, Madurai – 625001
Malda Daxhinapan Abasan,Opp Lane of Hotel Kalinga,SM Pally,Malda,Westbangal 732101
Mangalore No. G 4 & G 5,Inland Monarch Opp. Karnataka Bank Kadri Main Road, Kadri,Mangalore,Karnataka,575003
Manipal CAMS SERVICE CENTER,Shop No-A2,Basement floor, Academy Tower,Opposite Corporation Bank,Manipal,Karnataka 576104
Mapusa (Parent ISC : Goa) CAMS COLLECTION CENTRE,Office No.503,Buildmore Business Park,New Canca By pass Road,Ximer,Mapusa Goa-403507
Margao CAMS SERVICE CENTRE,F4-Classic Heritage,Near Axis Bank,Opp.BPS Club,Pajifond,Margao,Goa-403601
Mathura 159/160 Vikas Bazar Mathura Uttarpradesh-281001
Meerut 108 Ist Floor Shivam Plaza,Opp: Eves Cinema, Hapur Road,Meerut,Uttarpradesh,250002
Mehsana 1st Floor,Subhadra ComplexUrban Bank RoadMehsana,Gujarat,384002
Moga Street No 8-9 Center, Aarya Samaj Road, Near Ice Factory. Moga -142 001.
Moradabad H 21-22, Ist Floor, Ram Ganga Vihar Shopping Complex, Opposite Sale Tax Office, Moradabad-244001
Mumbai Rajabahdur Compound,Ground FloorOpp Allahabad Bank, Behind ICICI Bank30, Mumbai Samachar Marg, FortMumbai,Maharashtra,400023
Muzaffarpur Brahman Toli,DurgasthanGola Road,Muzaffarpur,Bihar,842001
Mysore No.1,1st Floor,CH.26 7th Main, 5th Cross (Above Trishakthi Medicals),Saraswati Puram,Mysore,Karnataka,570009
Nadiad F 142, First Floor, Ghantakarna Complex, Gunj Bazar, Nadiad, Gujarat, 387001
Nagpur 145 ,Lendra, Behind Indusind Bank, New Ramdaspeth,Nagpur,Maharashtra,440010
Namakkal 156A / 1, First Floor, Lakshmi Vilas BuildingOpp. To District Registrar Office, Trichy Road,Namakkal,Tamilnadu 637001
Nasik CASM SERVICE CENTRE,1st Floor,"Shraddha Niketan",Tilak Wadi,Opp Hotel City Pride,Sharanpur Road,Nasik-422002
Navsari CAMS Service Centre,214-215,2nd floor, Shivani Park,Opp.Shankheswar Complex,Kaliawadi,Navsari –396445,Gujarat
Nellore 97/56, I Floor, Immadisetty TowersRanganayakulapet Road, Santhapet,Nellore,AndhraPradesh,524001
New Delhi 401 to 404, 4th Floor, Kanchan Junga Building, Barakhamba Road New Delhi 110001
Noida CAMS SERVICE CENTER,Commercial Shop No. GF10 & GF38, Ground Floor, Ansal Fortune Arcade, Plot No. K-82, Sector -18,Noifs - 201301
Palakkad 10 / 688, Sreedevi Residency,Mettupalayam Street,Palakkad,Kerala,678001
Palanpur CAMS SERVICE CENTER,Gopal Trade center,Shop No.13-14,3Rd Floor,Nr.BK Mercantile bank,Opp.Old Gunj,Palanpur-385001
Panipat SCO 83-84, First Floor, Devi Lal Shopping Complex, Opp RBL Bank, G.T.Road , Panipat, Haryana, 132103
Patiala CAMS SERVICE CENTRE,No.35 New Lal Bagh,Opp.Polo Ground,Patiala-147001
Patna G-3, Ground Floor,OM ComplexNear Saket Tower, SP Verma Road,Patna,Bihar,800001
Pitampura CAMS SERVICE CENTRE,Aggarwal Cyber Plaza-II,Commercial Unit No-371,3rd Floor,Plot No C-7,Netaji Subhash Palace,Pitampura-110034
Pondicherry S-8, 100,Jawaharlal Nehru Street(New Complex, Opp. Indian Coffee House),Pondicherry,Pondicherry,605001
Pune ,Vartak Pride,1st Floor,Survey No.46,City Survey No.1477,Hingne budruk,D.P.Road,Behind Dinanath mangeshkar Hospital, Karvenagar , Pune-411052
Rae Bareli 17, Anand Nagar Complex Opposite Moti Lal Nehru Stadium SAI Hostel Jail Road Rae Bareilly Uttar pradesh -229001
Raipur HIG,C-23 Sector - 1Devendra Nagar,Raipur,Chattisgarh,492004
Rajahmundry Door No: 6-2-12, 1st Floor,Rajeswari Nilayam,Near Vamsikrishna Hospital,Nyapathi Vari Street, T Nagar,Rajahmundry,AndhraPradesh,533101
Rajapalayam No 59 A/1, Railway Feeder Road(Near Railway Station)RajapalayamTamilnadu-626117
Rajkot Office 207 - 210, Everest BuildingHarihar ChowkOpp Shastri Maidan,Limda Chowk,Rajkot,Gujarat,360001
Ranchi 4,HB RoadNo: 206,2nd Floor Shri Lok ComplexH B Road Near Firayalal,Ranchi,Jharkhand,834001
Ratlam Dafria & Co,No.18, Ram Bagh, Near Scholar's School,Ratlam, MadhyaPradesh 457001
Ratnagiri ,Orchid Tower,Gr Floor,Gala No.06,S.V.No.301/Paiki 1/2,Nachane Municiple Aat,Arogya Mandir,Nachane Link Road,At,Post,Tal.Ratnagiri Dist.Ratnagiri-415612
Rohtak CAMS SERVICE CENTRE,SCO 06,Ground Floor,MR Complex,Near Sonipat Stand Delhi Road,Rohtak-124001
Roorkee 22, Civil Lines, Ground Floor,Hotel Krish Residency,Roorkee,Uttarakhand 247667
Rourkela CAMS SERVICE CENTRE,2nd Floor,J B S Market Complex,Udit Nagar,Rourkela-769012
Sagar Opp. Somani Automobile,s Bhagwanganj Sagar, MadhyaPradesh 470002
Saharanpur I Floor, Krishna ComplexOpp. Hathi GateCourt Road,Saharanpur,Uttarpradesh,247001
Salem No.2, I Floor Vivekananda Street,New Fairlands,Salem,Tamilnadu,636016
Sambalpur C/o Raj Tibrewal & Associates, Opp.Town High School,Sansarak Sambalpur,Orissa,768001
Sangli Jiveshwar Krupa BldgShop. NO.2, Ground Floor,Tilak ChowkHarbhat Road,Sangli,Maharashtra-416416
Satara 117 / A / 3 / 22, Shukrawar Peth,Sargam Apartment,Satara,Maharashtra,415002
Secunderabad (Hyderabad) 208, II FloorJade ArcadeParadise Circle,Hyderabad,Telangana,500003
Shahjahanpur Bijlipura, Near Old Distt Hospital, Jail Road ,Shahjahanpur Uttarpradesh-242001
Shimla I Floor, Opp. Panchayat Bhawan Main gate Bus stand, Shimla, Himachal Pradesh, 171001
Shimoga No.65 1st FloorKishnappa Compound1st Cross, Hosmane Extn,Shimoga,Karnataka,577201
Siliguri CAMS SERVICE CENTER,No.78,Haren Mukherjee Road,1st Floor,Beside SBI Hakimpara,Siliguri-734001
Sirsa Ground Floor of CA Deepak Gupta,,M G Complex, Bhawna marg , Beside Over Bridge,bansal Cinerma Market, Sirsa Haryana,125055
Sitapur Arya Nagar Near Arya Kanya School Sitapur Uttarpradesh-261001
Solan 1st Floor, Above Sharma General Store,Near Sanki Rest house,The Mall,Solan, HimachalPradesh 173212
Solapur Flat No 109, 1st FloorA Wing, Kalyani Tower126 Siddheshwar Peth,Near Pangal High SchoolSolapur,Maharashtra,413001
Sri Ganganagar 18 L Block Sri Ganganagar,Rajasthan,335001
Srikakulam Door No 4—4-96,First Floor.Vijaya Ganapathi Temple Back Side,Nanubala Street ,Srikakulam, AndhraPradesh 532001
Sultanpur 967, Civil Lines Near Pant Stadium Sultanpur Uttarpradesh-228001
Surat CAMS SERVICE CENTRE,Shop No.G-5,International Commerce Center,Nr.Kadiwala School,Majura Gate,Ring Road,Surat-395002
Surendranagar Shop No. 12,M.D. Residency,Swastik Cross Road,Surendranagar - 363001
Tambaram CAMS SERVICE CENTER,3rd Floor, B R Complex,No.66,Door No.11A,Ramakrishna Iyer Street,Opp.National Cinema Theatre,West Tambaram,Chennai-600045
Thane CAMS SERVICE CENTER,Dev Corpora,1st Floor,Office No.102,Cadbury Junction,Eastern Express Way,Thane-400601
Thiruvalla CAMS SERVICE CENTER,1st Floor,Room No-61(63),International shopping Mall,Opp.ST Thomas Evangelical Church,Above Thomsan Bakery,Manjady,Thiruvalla-689105
Tinsukia Bhawal Complex Ground Floor, Durgabari Rangagora Road, Near Dena Bank PO Tinsukia, Dist Tinsukia, Assam - 786 125
Tirunelveli CAMS SERVICE CENTRE,No.F4,Magnam Suraksaa Apatments,Tiruvananthapuram Road,Tirunelveli-627002
Tirupati Shop No : 6,Door No: 19-10-8,(Opp to Passport Office),AIR Bypass Road,Tirupati-517501, AndhraPradesh
Tirupur 1(1), Binny Compound,II Street,Kumaran Road,Tirupur,Tamilnadu,641601
Trichur Room No. 26 & 27Dee Pee Plaza,Kokkalai,Trichur,Kerala,680001
Trichy No 8, I Floor, 8th Cross West Extn,Thillainagar,Trichy,Tamilnadu,620018
Trivandrum TC NO: 22/902, 1st - Floor "BLOSSOM" BLDG, OPP.NSS KARAYOGAM,SASTHAMANGALAM VILLAGE P.O, Thiruvananthapuram,Trivandrum-695010.
Tuticorin 4B/A16, Mangal Mall Complex,Ground Floor,Mani Nagar,TuticorinTamilnadu-628003
Udaipur CAMS SERVICE CENTRE,No.32,Ahinsapuri,Fatehpura Circle, Near Bal Bhawan School, Udaipur-313001
Ujjain Adjacent to our existing Office at 109, 1st Floor, Siddhi Vinayak Trade Center, Shahid Park, Ujjain – 456010
Vadodara 103 Aries Complex,Bpc Road, Off R.C.Dutt Road,Alkapuri,Vadodara,Gujarat,390007
Valsad 3rd floor,Gita Nivas, opp Head Post Office,Halar Cross LaneValsad,Gujarat,396001
Vapi 208, 2nd Floor HEENA ARCADE,Opp. Tirupati TowerNear G.I.D.C. Char Rasta,Vapi,Gujarat,396195
Varanasi Office no 1, Second floor, Bhawani Market, Building No. D-58/2-A1, Rathyatra Beside Kuber Complex, Varanasi, Uttarpradesh-221010
Vasco(Parent Goa) No DU 8, Upper Ground Floor, Behind Techoclean Clinic, Suvidha Complex Near ICICI Bank,Vasco,Goa,403802
Vashi CAMS SERVICE CENTRE,BSEL Tech Park,B-505,Plot No.39/5 & 39/5A,Sector 30A,Opp.Vashi Railway StationmVashi,Navi Mumbai-400705
Vellore CAMS SERVICE CENTRE,Door No 86, BA Complex, 1st Floor Shop No 3, Anna Salai (Officer Line) Tolgate,Vellore-632001
Vijayawada 40-1-68, Rao & Ratnam Complex,Near Chennupati Petrol Pump,M.G Road, Labbipet,Vijayawada,AndhraPradesh,520010
Visakhapatnam (Vizag) CAMS Service Center, Flat No GF2, D NO 47-3-2/2, Vigneswara Plaza, 5th Lane, Dwarakanagar, Visakhapatnam- 530 016, ANDHRA PRADESH
Warangal Hno. 2-4-641, F-7, 1st Floor, A.B.K Mall, Old Bus Depot Road, Ramnagar, Hanamkonda, Warangal.Telangana- 506001
Yamuna Nagar 124-B/R,Model TownYamunanagar,Yamuna Nagar,Haryana,135001
Yavatmal Pushpam, Tilakwadi,Opp. Dr. Shrotri Hospital,Yavatmal,Maharashtra 445001

Point of Services (“POS”) of MF Utilities India Private Limited (“MFUI”)

The list of POS of MFUI is published on the website of the Fund at www.dspim.com and MFUI at www.mfuindia.com and will be updated from time to time.

AGARTALA Krishna Nagar Advisor Chowmuhani (Ground Floor) Agartala 799001

AGARTALA Old RMS Chowmuhani Mantri Bari Road, 1st Floor, Near Traffic Point Tripura ( West ) Agartala 799001

AGRA No. 8 II Floor Maruti Tower Sanjay Place Agra 282002

AGRA House No. 17/2/4, 2nd Floor Deepak Wasan Plaza Behind Hotel Holiday INN Sanjay Place Agra 282002

AHMEDABAD 111- 113 1st Floor, Devpath Building Off: C G Road, Behind Lal Bungalow Ellis Bridge Ahmedabad 380006

AHMEDABAD Office No. 401, on 4th Floor ABC-I, Off. C.G. Road Ahmedabad 380009

AJMER No. 423/30 Near Church Brahampuri, Jaipur Road Opp T B Hospital Ajmer 305001

AJMER 302 3rd Floor Ajmer Auto Building, Opposite City Power House Jaipur Road Ajmer 305001

AKOLA Opp. R L T Science College Civil Lines Akola 444001

AKOLA Yamuna Tarang Complex Shop No 30 Ground Floor, Opp Radhakrishna Talkies N.H. No- 06 Murtizapur Road Akola 444004

ALIGARH City Enclave Opp. Kumar Nursing Home Ramghat Road Aligarh 202001

ALIGARH Sebti Complex Centre Point Aligarh 202001

ALLAHABAD 30/2 A&B Civil Lines Station Besides Vishal Mega Mart Strachey Road Allahabad 211001

ALLAHABAD Saroj Bhawan Patrika Marg Civil Lines Allahabad 211001

ALLEPPEY Doctor's Tower Building Door No. 14/2562 1st Floor North of Iron Bridge, Near Hotel Arcadia Regency Alleppey 688001

ALWAR 256 A Scheme 1 Arya Nagar Alwar 301001

ALWAR Office Number 137, First Floor Jai Complex Road No.2 Alwar 301001

AMARAVATI 81 Gulsham Tower Near Panchsheel Amaravati 444601

AMARAVATI Shop No. 21 2nd Floor Gulshan Tower, Near Panchsheel Talkies Jaistambh Square Amaravati 444601

AMBALA Opposite Peer Bal Bhawan Road Ambala 134003

AMBALA 6349, 2nd Floor, Nicholson Road Adjacent Kos Hospital Ambala Cant Ambala 133001

AMRITSAR SCO 18J 'C' Block Ranjit Avenue Amritsar 140001

AMRITSAR SCO 5 ,2nd Floor District Shopping Complex Ranjit Avenue Amritsar 143001

ANAND 101 A. P. Towers B/H. Sardar Gunj Next To Nathwani Chambers Anand 388001

ANAND B-42 Vaibhav Commercial Center Nr TVS Down Town Show Room Grid Char Rasta Anand 380001

ANANTAPUR AGVR Arcade, 2nd Floor, Plot No.37(Part), Layout No.466/79, Near: Canara Bank, Sangamesh Nagar, Anantapur -515001 Andhra Pradesh

ANANTAPUR 13/4, Vishnupriya Complex, Beside SBI Bank Near Tower Clock Anantapur 515001

ANKLESHWAR Shop No F 56 First Floor Omkar Complex Opp Old Colony, Nr Valia Char Rasta GIDC Ankleshwar 393002

ASANSOL Block G First Floor P C Chatterjee Market Complex Rambandhu, Talabpo Ushagram Asansol 713303

ASANSOL 112/N, G T Road Bhanga Pachil Asansol 713303

AURANGABAD 2nd Floor, Block No. D-21-D-22 Motiwala Trade Center, Nirala Bazar New Samarth Nagar, Opp. HDFC Bank Aurangabad 431001

AURANGABAD Shop no B 38 Motiwala Trade Center Nirala Bazar Aurangabad 431001

AZAMGARH House No. 290, Ground Floor Civil lines, Near Sahara Office Azamgarh 276001

BALASORE B C Sen Road Balasore 756001

BALASORE 1-B. 1st Floor, Kalinga Hotel Lane Baleshwar, Baleshwar Sadar Balasore 756001

BANGALORE Trade Center 1st Floor 45 Dickenson Road (Next To Manipal Center) Bangalore 560042
BANGALORE No 35, Puttanna Road Basavanagudi Bangalore 560004

BANKURA Plot nos- 80/1/A, Natunchati Mahala, 3rd floor Ward no-24, Opposite P.C Chandra Bankura 722101

BAREILLY F-62 63 IInd Floor Butler Plaza Commercial Complex Civil Lines Bareilly 243001

BAREILLY 1ST FLOOR REAR SIDEA -SQUARE BUILDING 54-CIVIL LINES Ayub Khan Chauraha Bareilly 243001

BEGUSARAI C/o Dr Hazari Prasad Sahu,Ward No 13 Behind Alka Cinema Begusarai (Bihar) Begusarai 851117

BELGAUM 1st Floor 221/2A/1B Vaccine Depot Road, Tilakwadi Near 2nd Railway Gate Belgaum 590006

BELGAUM No 101, CTS NO 1893 Shree Guru Darshani Tower Anandwadi Hindwadi Belgaum 590011

BELLARY # 60/5 Mullangi Compound Gandhinagar Main Road (Old Gopalswamy Road) Bellary 583101

BELLARY GROUND FLOOR,3RD OFFICE NEAR WOMENS COLLEGE ROAD BESIDE AMRUTH DIAGNOSTIC SHANTHI ARCHADE Bellary 583103

BERHAMPUR Kalika Temple Street, Ground Floor Beside SBI BAZAR Branch Berhampur 760002

BERHAMPUR Opp –Divya Nandan Kalyan Mandap 3rd Lane Dharam Nagar Near Lohiya Motor Berhampur 760001

BHAGALPUR Ground Floor Gurudwara Road Near Old Vijaya Bank Bhagalpur 812001

BHAGALPUR 2nd Floor, Chandralok Complex Near Ghanta Ghar Bhagalpur 812001

BHARUCH 123 Nexus business Hub Near Gangotri Hotel B/s Rajeshwari Petroleum Makampur Road Bharuch 392001

BHATINDA 2907 GH GT Road Near Zila Parishad Bhatinda 151001

BHATINDA MCB -Z-3-01043, 2nd Floor Goniana Roda, Opp: Nippon India MF Near Hanuman Chowk, GT Road Bhatinda 151001

BHAVNAGAR 305-306 Sterling Point Waghawadi Road Opp. HDFC Bank Bhavnagar 364002

BHAVNAGAR 303, Sterling Point Waghawadi Road Bhavnagar 364001

BHILAI First Floor, Plot No. 3, Block No. 1 Priyadarshini Parisar West Behind IDBI Bank, Nehru Nagar Bhilai 490020

BHILAI Office No.2, 1st Floor Plot No 9/6 Nehru Nagar- East Bhilai 490020

BHILWARA Indra Prasta Tower IInd Floor Syam Ki Sabji Mandi Near Mukerjee Garden Bhilwara 311001

BHILWARA Office No. 14 B, Prem Bhawan Pur Road Gandhi Nagar Near CanaraBank Bhilwara 311001

BHOPAL Plot No 10 2nd Floor Alankar Complex, MP Nagar Zone II Near ICICI Bank Bhopal 462011

BHOPAL SF-13 Gurukripa Plaza, Plot No. 48A, Opposite City Hospital zone-2 M P nagar Bhopal 462011

BHUBANESWAR Plot No- 501/1741/1846 Premises No-203, 2nd Floor Kharvel Nagar Unit 3 Bhubaneswar 751001

BHUBANESWAR A/181 Back Side of Shivam Honda Show Room Saheed Nagar Bhubaneswar 751007

BHUJ Office No. 4-5, First Floor RTO Relocation Commercial Complex –B Opp. Fire Station, Near RTO Circle Bhuj 370001

BIKANER Shop No F 4 & 5 Bothra Compex Modern Market Bikaner 334001

BIKANER 70-71 2nd Floor Dr.Chahar Building Panchsati Circle, Sadul Ganj Bikaner 334001

BILASPUR Beside HDFC Bank Link Road Bilaspur 495001

BILASPUR ANANDAM PLAZA Shop.No. 306; 3rd Floor Vyapar Vihar Main Road Bilaspur 495001

BOKARO Mazzanine Floor F-4 City Centre Bokaro Steel City Bokaro 827004

BOKARO B-1 1st Floor City Centre Sector- 4 Near Sona Chandi Jwellars Bokaro 827004

BURDWAN 399 G T Road 1st Floor Above Exide Showroom Burdwan 713101

BURDWAN Saluja Complex, 846, Laxmipur G. T. Road Burdwan 713101

CALICUT 29 / 97G Gulf Air Building 2nd Floor Arayidathupalam Mavoor Road Calicut 673016

CALICUT Second Floor,Manimuriyil Centre Bank Road Kasaba Village Calicut 673001

CHANDIGARH Deepak Towers SCO 154-155 1st Floor Sector 17-C Chandigarh 160017

CHANDIGARH SCO 2469-70 Sector 22-C Chandigarh 160022

CHENNAI No.178/10 Kodambakkam High Road Ground Floor Opp. Hotel Palmgrove, Nungambakkam Chennai 600034

CHENNAI 9th Floor, Capital Towers 180,Kodambakkam High Road Nungambakkam Chennai 600034

CHINSURAH 96, Doctors Lane Hooghly Dt Chinsurah 712101

COCHIN Modayil, 39/2638 DJ 2nd Floor, 2A M.G Road Cochin 682016

COCHIN Ali Arcade 1st Floor, Near Atlantis Junction Kizhavana Road Panampilly Nagar Ernakualm 682036

COIMBATORE No 1334; Thadagam Road Thirumoorthy Layout, R.S.Puram Behind Venkteswara Bakery Coimbatore 641002

COIMBATORE 3rd Floor Jaya Enclave 1057 Avinashi Road Coimbatore 641018

CUTTACK Near Indian Overseas Bank Cantonment Road Mata Math Cuttack 753001

CUTTACK SHOP NO-45,2ND FLOOR NETAJI SUBAS BOSE ARCADE (BIG BAZAR BUILDING) ADJUSENT TO RELIANCE TRENDS Cuttack 753001
DARBHANGA 2nd Floor, Raj Complex Near Poor Home Darbhanga 846004

DAVANGERE Akkamahadevi Samaja Complex Church Road P J Extension Davangere 577002

DAVANGERE D.No 162/6 , 1st Floor, 3rd Main P J Extension, Davangere taluk Davangere Mandal Davangere 577002

DEHRADUN 204/121 Nari Shilp Mandir Margold Connaught Place Dehradun 248001

DEHRADUN Shop No-809/799 , Street No-2 A,Rajendra Nagar Near Sheesha Lounge Kaulagarh Road Dehradun 248001

DEOGHAR S S M Jalan Road Ground Floor Opp. Hotel Ashoke Caster Town Deoghar 814112

DEORIA K. K. Plaza, Above Apurwa Sweets Civil Lines Road Deoria 274001

DHANBAD Urmila Towers Room No: 111 (1st Floor) Bank More Dhanbad 826001

DHANBAD 208 New Market 2nd Floor, Katras Road Bank More Dhanbad 826001

DHULE Ground Floor Ideal Laundry Lane No 4 Khol Galli, Near Muthoot Finance Opp Bhavasar General Store Dhule 424001

DURGAPUR Plot No 3601, Nazrul Sarani City Centre Durgapur 713216

DURGAPUR Mwav-16 Bengal Ambuja 2nd Floor City Centre 16 Dt Burdwan Durgapur 713216

ELURU D.No:23B-5-93/1 Savithri Complex Near Dr.Prabhavathi Hospital Edaravari Street, R.R.Pet Eluru 534002

ERODE 171-E Sheshaiyer Complex First Floor Agraharam Street Erode 638001

ERODE No 38/1,Sathy Road,(VCTV Main Road) Sorna Krishna Complex,Ground Floor Erode 638003

FARIDABAD B-49 First Floor Nehru Ground Behind Anupam Sweet House Nit Faridabad 121001

FARIDABAD A-2B Ist Floor Nehru Ground NIT Faridabad 121001

FEROZEPUR The Mall Road Chawla Bulding Ist Floor, Opp. Centrail Jail Near Hanuman Mandir Ferozepur 152002

GANDHIDHAM Shop No: 12 Shree Ambica Arcade Plot No: 300 Ward 12. Opp. CG High School Near HDFC Bank Gandhidham 3 Gandhidham 370201

GANDHINAGAR 123 First Floor Megh Malhar Complex Opp. Vijay Petrol Pump Sector - 11 Gandhinagar 382011

GAYA Property No. 711045129 Ground Floor, Hotel Skylark Swaraipuri Road Gaya 823001

GHAZIABAD B-11, LGF RDC Rajnagar Ghaziabad 201002

GHAZIABAD FF - 31 Konark Building Rajnagar Ghaziabad 201001

GHAZIPUR House No. 148/19 Mahua bagh Ghazipur 233001

GONDA H No 782, Shiv Sadan, ITI Road Near Raghukul Vidyapeeth Civil lines Gonda 271001

GORAKHPUR Shop No 3 2nd Floor Cross Road The Mall A D Chowk Bank Road Gorakhpur 273001

GORAKHPUR Shop No 8-9, 4th Floor Cross Road The Mall Bank Road Gorakpur 273001

GULBARGA H NO 2-231,Krishna Complex 2nd Floor Opp. Municipal corporation Office Jagat Station Main Road Gulbarga 585105

GUNTUR Door No. 5-38-44 5/1 Brodipet Near Ravi Sankar Hotel Guntur 522002

GUNTUR 2nd Shutter, 1st Floor,Hno. 6-14-48 14/2 Lane,,Arundal Pet Guntur 522002

GURGAON Unit No-115, 1st Floor, VipulAgora Building Sector 28 Mehrauli Gurgaon Road, Chakkar Pur Gurgaon 122001

GURGAON 2nd Floor, Vipul Agora M. G. Road Gurgaon 122001

GUWAHATI A.K. Azad Road Rehabari Guwahati 781008

GUWAHATI Ganapati Enclave, 4th Floor Opposite Bora service Ullubari Guwahati 781007

GWALIOR G-6 Global Apartment Kailash Vihar Colony, City Centre Opp. Income Tax Office Gwalior 474002

GWALIOR City Centre Near Axis Bank Gwalior 474011

HALDWANI Shop No 5 KMVN Shoping Complex Haldwani 263139

HARIDWAR Shop No - 17 Bhatia Complex Near Jamuna Palace Haridwar 249410

HASSAN SAS NO: 490, HEMADRI ARCADE 2ND MAIN ROAD SALGAME ROAD NEAR BRAHMINS BOYS HOSTEL Hassan 573201

HAZARIBAG Municipal Market Annanda Chowk Hazaribag 825301

HISAR 12 Opp. Bank of Baroda Red Square Market Hisar 125001

HISSAR Shop No. 20, Ground Floor, R D City Centre Railway Road Hisar 125001

HOSHIARPUR Unit # SF-6,The Mall Complex,2nd Floor Opposite Kapila Hospital Sutheri Road Hoshiarpur 146001

HUBLI No.204 205 1st Floor 'B' Block Kundagol Complex Opp. Court Club Road Hubli 580029

HUBLI R R Mahalaxmi Mansion Above INDUSIND Bank, 2nd Floor Desai Cross, Pinto Road Hubballi 580029

HYDERABAD No:303, Vamsee Estates Opp: Bigbazaar Ameerpet Hyderabad 500016

HYDERABAD KARVY SELENIUM, Plot No. 31 & 32, Tower B Survey No. 115 /22, 115/24 & 115/25, Financial District, Gachibowli Nanakramguda, Serlingampally Mandal Hyderabad 500032

INDORE 101 Shalimar Corporate Centre 8-B South Tukoganj Opposite Green Park Indore 452001
INDORE 101, Diamond Trade Center 3-4 Diamond Colony New Palasia Above khurana Bakery Indore 452001

JABALPUR 8 Ground Floor Datt Towers Behind Commercial Automobiles Napier Town Jabalpur 482001

JABALPUR 2nd Floor 290/1 (615-New) Near Bhavartal Garden Jabalpur 482001

JAIPUR R-7 Yudhisthir Marg C-Scheme Behind Ashok Nagar Police Station Jaipur 302001

JAIPUR Office Number 101, 1st Floor, Okay Plus Tower Next to Kalyan Jewellers Government Hostel Circle, Ajmer Road Jaipur 302001

JALANDHAR 367/8 Central Town Opp. Gurudwara Diwan Asthan Jalandhar 144001

JALANDHAR Office No 7, 3rd Floor City Square building E-H197 Civil Lines Jalandhar 144001

JALGAON 70 Navipeth Opp. Old Bus Stand Jalgaon 425001

JALGAON 3rd floor,269 JAEE Plaza Baliram Peth near Kishore Agencies Jalgaon 425001

JALNA Shop No 6 Ground Floor Anand Plaza Complex Bharat Nagar Shivaji Putla Road Jalna 431203

JALPAIGURI D B C Road Opp Nirala Hotel Jalpaiguri 735101

JAMMU JRDS Heights, Lane Opp. S & S Computers Near Rbi Building Sector 14 Nanak Nagar Jammu 180004

JAMMU 1D/D Extension 2 Valmiki Chowk Gandhi Nagar Jammu 180004

JAMNAGAR 207 Manek Centre P N Marg Jamnagar 361001

JAMNAGAR 131 Madhav Plazza Opp SBI Bank Nr Lal Bunglow Jamnagar 361001

JAMSHEDPUR Tee Kay Corporate Towers, 3rd Floor,S B Shop Area, Main Road, Bistupur, Jamshedpur 831001

JAMSHEDPUR Madhukunj, 3rd Floor Q Road, Sakchi, Bistupur East Singhbhum Jamshedpur 831001

JHANSI 372/18 D, Ist Floor above IDBI Bank Beside V-Mart, Near "RASKHAN" Gwalior Road Jhansi 284001

JHANSI 1st Floor, Puja Tower Near 48 Chambers ELITE Crossing Jhansi 284001

JODHPUR 1/5 Nirmal Tower 1st Chopasani Road Jodhpur 342003

JODHPUR Shop No. 6, GANG TOWER, G Floor OPPOSITE ARORA MOTER SERVICE CENTRE NEAR BOMBAY MOTER CIRCLE Jodhpur 342003

JUNAGADH Aastha Plus 202-A 2nd Floor Sardarbag Road Nr.Alkapuri Opp. Zansi Rani Statue Junagadh 362001

JUNAGADH Shop No. 201 2nd Floor V-ARCADE Complex Near vanzari chowk M.G. Road Junagadh 362001

KADAPA D.No:3/1718 Shop No: 8 , Bandi Subbaramaiah Complex Besides Bharathi Junior College Raja Reddy Street Kadapa 516001

KAKINADA No.33-1 44 Sri Sathya Complex Main Road Kakinada 533001

KALYANI A-1/50 Block Akalyani Dist Nadia Kalyani 741235

KANNUR Room No. PP 14/435 Casa Marina Shopping Centre Talap Kannur 670004

KANNUR 2nd Floor Global Village Bank Road Kannur 670001

KANPUR First Floor 106-108 City Centre Phase II 63/ 2 The Mall Kanpur 208001

KANPUR 15/46 B Ground Floor Opp : Muir Mills Civil Lines Kanpur 208001

KARIMNAGAR H.No.7-1-257 Upstairs S.B.H Mankammathota Karimnagar 505001

KARIMNAGAR 2nd Shutter, HNo. 7-2-607 Sri Matha Complex Mankammathota Karimnagar 505001

KARNAL 3 Randhir Colony Near Doctor J.C.Bathla Hospital Karnal 132001

KARUR 126 GVP Towers Kovai Road Basement of Axis Bank Karur 639002

KARUR No 88/11, BB plaza NRMP street K S Mess Back side Karur 639002

KHARAGPUR Shivhare Niketan H.No.291/1 Ward No-15, Malancha Main Road Opposite Uco Bank Kharagpur 721301

KHARAGPUR Holding No 254/220, SBI BUILDING Malancha Road Ward No.16 PO: Kharagpur Kharagpur 721304

KOLHAPUR 2 B 3rd Floor Ayodhya Towers Station Road Kolhapur 416001

KOLHAPUR 605/1/4 E Ward Shahupuri 2nd Lane Laxmi Niwas Near Sultane Chambers Kolhapur 416001

KOLKATA Saket Building 44 Park Street 2nd Floor Kolkata 700 016

KOLKATA 2/1,Russel Street 4thFloor Kankaria Centre Kolkata-700001

KOLLAM Uthram Chambers (Ground Floor) Thamarakulam Kollam 691006

KOLLAM Sree Vigneswara Bhavan Shastri Junction Kadapakada Kollam 691001

KOTA B-33 'Kalyan Bhawan' Triangle Part Vallabh Nagar Kota 324007

KOTA D-8, SHRI RAM COMPLEX OPPOSITE MULTI PURPOSE SCHOOL GUMANPUR Kota 324007

KOTTAYAM Building No: KMC IX / 1331 A, Thekkumkattil Building Opp.: Malayala Manorama Railway Station Road Kottayam 686001

KOTTAYAM 1st Floor Csiascension Square Railway Station Road Collectorate P O Kottayam 686002

KUMBAKONAM Jailani Complex 47 Mutt Street Kumbakonam 612001

KURNOOL Shop Nos. 26 and 27, Door No. 39/265A and 39/265B Second Floor, Skanda Shopping Mall Old Chad Talkies, Vaddageri, 39th Ward Kurnool 518001

KURNOOL Shop No.47 2nd Floor S komda Shoping mall Kurnool 518001

LUCKNOW No. 4 First Floor Centre Court 5 Park Road, Hazratganj Lucknow 226001

LUCKNOW 1st Floor, A A Complex Thaper House 5 Park Road, Hazratganj Lucknow 226001

LUDHIANA U/GF Prince Market, Green Field Near Traffic Lights (Above Dr. Virdis Lab), Sarabha Nagar, Pulli Pakhowal Road P.O. Model Town Ludhiana 141002

LUDHIANA SCO 122 2nd Floor Above HDFC Mutual fund Feroze Gandhi Market Ludhiana 141001

MADURAI Shop No 3 2nd Floor, Suriya Towers 272/273 – Goodshed Street Madurai 625001

MADURAI No. G-16/17, AR Plaza 1st floor, North Veli Street Madurai 625001

MALDA Ram Krishna Pally Ground Floor English Bazar Malda 732101

MANDI House No. 99/11, 3rd Floor Opposite GSS Boy School School Bazar Mandi 175001

MANGALORE No. G4 & G5 Inland Monarch Opp. Karnataka Bank Kadri Main Road Kadri Mangalore 575003

MANGALORE Mahendra Arcade Opp Court Road Karangal Padi Mangalore 575003

MARGAO Virginkar Chambers I Floor Near Kamat Milan Hotel, Old. Station Road New Market Near Lily Garments Margao 403601

MARGAO SHOP NO 21, OSIA MALL, 1ST FLOOR NEAR KTC BUS STAND SGDPA MARKET COMPLEX Margao 403601

MATHURA Shop No. 9, Ground Floor, Vihari Lal Plaza Opposite Brijwasi Centrum Near New Bus Stand Mathura 281001

MEERUT 108 1st Floor Shivam Plaza Opposite Eves Cinema Hapur Road Meerut 250002

MEERUT Shop No:- 111, First Floor Shivam Plaza, Near Canara Bank Opposite Eves Petrol Pump Meerut 250001

MEHSANA 1st Floor Subhadra Complex Urban Bank Road Mehsana 384002

MEHSANA FF-21 Someshwar Shopping Mall Modhera Char Rasta Mehsana 384002

MIRZAPUR Triveni Campus Near SBI Life Ratanganj Mirzapur 231001

MOGA 1st Floor Dutt Road Mandir Wali Gali Civil Lines Barat Ghar Moga 142001

MORADABAD B-612 'Sudhakar' Lajpat Nagar Moradabad 244001

MORADABAD Chadha Complex G. M. D. Road Near Tadi Khana, Chowk Moradabad 244001

MORENA House No. HIG 959, Near Court Front of Dr. Lal Lab Old Housing Board Colony Morena 476001

MUMBAI Hirji Heritage, 4th Floor, Office no 402 Landmark : Above Tribhuwandas Bhimji Zaveri (TBZ) L.T. Road, Borivali - West Mumbai - 400 092

MUMBAI 351, Icon, 501, 5th floor Western Express Highway Andheri East Mumbai - 400069

MUMBAI Rajabahdur Compound Ground Floor Opp Allahabad Bank, Behind ICICI Bank 30. Mumbai Samachar Mar, Fort Mumbai 400023

MUMBAI Platinum Mall Office No.307, 3rd Floor Jawahar Road, Ghatkopar East Mumbai 400077

MUMBAI Shop No. 1, Ground Floor Dipti Jyothi Co Op Hsg Soc, Near MTNL Office P M Road, Vileparle East Mumbai 400057

MUMBAI 6/8 Ground Floor, Crossley House Near BSE ( Bombay Stock Exchange) Next to Union Bank, Fort Mumbai 400001

MUMBAI Gomati Smuti, Ground Floor Jambli Gully, Near Railway Station Borivali (West) Mumbai 400092

Mumbai Office No 413, 414, 415, 4th Floor, Seasons Business Centre, Opp. KDMC ( Kalyan Dombivli Municipal Corporation ), Shivaji Chowk, Kalyan (W),421301

MUZAFFARPUR Brahman Toli Durgasthan Gola Road Muzaffarpur 842001

MUZAFFARPUR First Floor, Saroj Complex Diwam Road Near Kalyani Chowk Muzaffarpur 842001

MYSORE No.1 1st Floor Ch.26 7th Main 5th Cross, Saraswati Puram Above Trishakthi Medicals Mysore 570009

MYSORE NO 2924, 2ND FLOOR, 1ST MAIN 5TH CROSS SARASWATHI PURAM Mysore 570009

NADIAD 311-3rd Floor City Center Near Paras Cinema Nadiad 387001

NAGERCOIL 45 East Car Street 1st Floor Nagercoil 629001

NAGPUR 145 Lendra Park Behind Shabari New Ramdaspeth Nagpur 440010

NAGPUR Plot No 2/1 House No 102/1, Mangaldeep Appartment Opp Khandelwal Jewelers Mata Mandir Road, Dharampeth Nagpur 440010

NANDED Shop No.4 Santakripa Market G G Road Opp.Bank of India Nanded 431601

NASIK Ruturang Bungalow 2, Godavari Colony Behind Big Bazar, Near Boys Town School Off College Road Nasik 422005

NASIK F-1 Suyojit Sankul Sharanpur Road Nasik 422002

NAVI MUMBAI BSEL Tech Park B-505 Plot no 39/5 & 39/5A Sector 30A, Vashi Navi Mumbai 400705

NAVSARI 16 1st Floor Shivani Park Opp. Shankheswar Complex Kaliawadi Navsari 396445

NAVSARI 103 , 1st Floor Landmark Mall Near Sayaji Library Navsari 396445

NELLORE Shop No. 2, 1st Floor, NSR Complex, James Garden, Near Flower Market, Nellore - 524001

NEW DELHI 7-E 4th Floor, Deen Dayaal Research Institute Bldg Swamiram Tirath Nagar, Jhandewalan Extn Near Videocon Tower New Delhi 110055
NEW DELHI 305 New Delhi House 27 Barakhamba Road New Delhi 110001

NOIDA C-81 First Floor Sector 2 Noida 201301

NOIDA F - 21 Sector-18 Noida 201301

PALAKKAD Door No.18/507(3) Anugraha Garden Street, College Road Palakkad 678001

PALAKKAD No: 20 & 21 Metro Complex H.P.O.Road Palakkad 678001

PANIPAT SCO 83-84 Ist Floor Devi Lal Shopping Complex Opp Rbs Bank, G T Road Panipat 132103

PANIPAT Shop No. 20, 1st Floor BMK Market Behind HIVE Hotel G.T. Road Panipat 132103

PANJIM Lawande Sarmalkar Bhavan 1st Floor, Office No. 2 Next to Mahalaxmi Temple Panaji Goa – 403 001

PANJIM H. No: T-9, T-10 Affran plaza 3rd Floor Near Don Bosco High School Panjim - 403001

PATHANKOT 2nd Floor, Sahni Arcade Complex Adj.Indra Colony Gate Railway Road Pathankot 145001

PATIALA 35 New Lal Bagh Colony Patiala 147001

PATIALA B- 17/423, Lower Mall Patiala Opp Modi College Patiala 147001

PATNA G-3 Ground Floor Om Vihar Complex SP Verma Road Patna 800001

PATNA 3A 3rd Floor Anand Tower Exhibition Road Opp ICICI Bank Patna 800001 Phone : 0612-2323066

PONDICHERRY S-8 100 Jawaharlal Nehru Street (New Complex Opp. Indian Coffee House) Pondicherry 605001

PONDICHERRY No 122(10b) Muthumariamman koil street Pondicherry 605001

PUNE Survey No 46, City Survey No 1477 1st floor Vartak Pride, D. P Road, Karvenagar Behind Mangeshkar Hospital, Next to Kalpvruksh Society Pune 411052

PUNE Office # 207-210, second floor Kamla Arcade JM Road Opposite Balgandharva Shivaji Nagar Pune 411005

RAIPUR HIG C-23 Sector 1 Devendra Nagar Raipur 492004

RAIPUR OFFICE NO S-13 SECOND FLOOR REHEJA TOWER FAFADIH CHOWK JAIL ROAD Raipur 492001

RAJAHMUNDRY Door No: 6-2-12 1st Floor Rajeswari Nilayam Near, Vamsikrishna Hospital Nyapathi Vari Street, T Nagar Rajahmundry 533101

RAJAHMUNDRY D.No. 46-23-10/A, Tirumala Arcade 2nd floor Ganuga Veedhi Danavaipeta Rajahmundry East Godavari Rajahmundry 533103

RAJKOT Office 207 210 Everest Building Opp Shastri Maidan Limda Chowk Rajkot 360001

RAJKOT 302, Metro Plaza Near Moti Tanki Chowk Rajkot 360001 Phone : 0281-6545888

RANCHI 4 HB Road No: 206 2nd Floor Shri Lok Complex Ranchi 834001

RANCHI Room No 307 3rd Floor Commerce Tower Beside Mahabir Tower Ranchi 834001

RENUKOOT C/o Mallick Medical Store Bangali Katra Main Road Dist. Sonebhadra (U.P.) Renukoot 231217

REWA In Front of Teerth Memorial Hospital University Road Rewa 486001

ROHTAK SCO – 34, Ground Floor Ashoka Plaza Delhi Road Rohtak 124001

ROHTAK Office No 61, First Floor, Ashoka Plaza Delhi Road Rohtak 124001

ROORKEE Shree Ashadeep Complex 16,Tyagi Dairy Road Near Income Tax Office Roorkee 247667

ROURKELA 1st Floor Mangal Bhawan Phase II Power House Road Rourkela 769001

ROURKELA 2nd Floor, Main Road UDIT NAGAR SUNDARGARH Rourekla 769012

SAGAR II Floor, Above Shiva Kanch Mandir 5 Civil Lines Sagar 470002

SAHARANPUR I Floor Krishna Complex Opp. Hathi Gate Court Road Saharanpur 247001

SALEM No.2 I Floor Vivekananda Street New Fairlands Salem 636016

SALEM No.6 NS Complex Omalur main road Salem 636009

SAMBALPUR Opp. Town High School Sansarak Sambalpur 768001

SAMBALPUR First Floor; Shop No. 219 SAHEJ PLAZA Golebazar Sambalpur 768001

SANGLI Jiveshwar Krupa Bldg Shop. No.2 Ground Floor Tilak Chowk Harbhat Road Sangli 416416

SATARA 117 / A / 3 / 22 Shukrawar Peth Sargam Apartment Satara 415002

SATNA 1st Floor Gopal Complex Near Bus Stand Rewa Road Satna 485001

SECUNDERABAD 208 II Floor Jade Arcade Paradise Circle Secunderabad 500003

SHILLONG Annex Mani Bhawan Lower Thana Road Near R K M LP School Shillong 793001

SHIMLA 1st Floor Opp Panchayat Bhawan Main Gate Bus Stand Shimla 171001

SHIMLA 1st Floor, Hills View Complex Near Tara Hall Shimla 171001

SHIMOGA Near Gutti Nursing Home Kuvempu Road Shimoga 577201

SHIMOGA JAYARAMA NILAYA 2nd Cross MISSION COMPOUND Shimoga 577201

SHIVPURI A. B. Road In Front of Sawarkar Park Near Hotel Vanasthali Shivpuri 473551

SIKAR First Floor Super Tower Behind Ram Mandir Near Taparya Bagichi Sikar 332001

SILCHAR N.N. Dutta Road Chowchakra Complex Premtala Silchar 788001

SILIGURI 17B Swamiji Sarani Siliguri 734001

SILIGURI Nanak Complex Sevoke Road Siliguri 734001

SITAPUR 12/12-A Sura Complex Arya Nagar Opp Mal Godam Sitapur 261001

SOLAN Disha Complex, 1St Floor Above Axis Bank Rajgarh Road Solan 173212

SOLAPUR Flat No 109 1st Floor A Wing Kalyani Tower, Near Pangal High School 126 Siddheshwar Peth Solapur 413001

SOLAPUR Shop No 106. Krishna complex 477 Dakshin Kasaba Datta Chowk Solapur 413007

SONEPAT 2nd floor, DP Tower Model Town, Near Subhash Chowk Sonepat 131001

SRI GANGANAGAR 18 L Block Sri Ganganagar 335001

SRI GANGANAGAR Shop No. 5, Opposite Bihani Petrol Pump Near Baba Ramdev Mandir, NH - 15 Sri Ganganagar 335001

SULTANPUR 1st Floor, Ramashanker Market Civil Line Sultanpur 228001

SURAT Shop No-G-5, International Commerce Center, Nr.Kadiwala School Majura Gate, Ring Road Surat 395002

SURAT G-5 Empire State Buliding Nr Udhna Darwaja Ring Road Surat 395002

THANE 102, Dev Corpora , 'A' wing ,Ist Floor Eastern Express Highway Cadbury Junction Thane (West) 400601

THANE Room No. 302, 3rd Floor Ganga Prasad, Near RBL Bank Ltd Ram Maruti Cross Road, Naupada Thane 400602

THIRUVALLA 1st Floor, Room No - 61(63), International Shopping Mall Opp. St. Thomas Evangelical Church Above Thomson Bakery, Manjady Thiruvalla 689105

THIRUVALLA 2nd Floor Erinjery Complex Ramanchira Opp Axis Bank Thiruvalla 689107

THRISSUR Room No 26 & 27 Dee Pee Plaza Kokkalai Thrissur 680001

THRISSUR 4th Floor, Crown Tower Shakthan Nagar Opp: Head Post Office Thrissur 680001

TIRUNELVELI 1st Floor Mano Prema Complex 182/6 S. N High Road Tirunelveli 627001

TIRUNELVELI 55/18 Jeney Building S N Road Near Aravind Eye Hospital Tirunelveli 627001

TIRUPATHI Shop No : 6 Door No: 19-10-8 (Opp To Passport Office) Air Bypass Road Tirupathi 517501

TIRUPATHI Shop No:18-1-421/f1, CITY Center K.T.Road Airtel Backside office Tirupathi 517501

TIRUPUR 1 (1) Binny Compound 2nd Street Kumaran Road Tirupur 641601

TRICHY No 8 I Floor 8th Cross West Extn. Thillainagar Trichy 620018

TRICHY No 23C/1 E V R road Near Vekkaliamman Kalyana Mandapam Putthur Trichy 620017

TRIVANDRUM R S Complex Opposite of LIC Buildings Pattom P O Trivandrum 695004

TRIVANDRUM 1st FLOOR , MARVEL BUILDING Opp: SL ELECTRICALS UPPALAM ROAD STATUE PO Trivandrum 695001

TUTICORIN 4 B A34 A37 Mangalmal Mani Nagar, Opp. Rajaji Park Palayamkottai Road Tuticorin 628003

UDAIPUR Shree Kalyanam, 50, Tagore Nagar Sector – 4, Hiranmagri Udaipur 313001

UDAIPUR Shop No. 202, 2nd Floor business centre 1C Madhuvan Opp G P O Chetak Circle Udaipur 313001

UJJAIN Heritage Shop No. 227,87 Vishvavidhyalaya Marg Station Road Near ICICI bank Above Vishal Megha Mar Ujjain 456001

VADODARA 103 Aries Complex BPC Road Off R.C. Dutt Road Alkapuri Vadodara 390007

VADODARA 1st Floor 125 Kanha Capital Opp. Express Hotel R C Dutt Road Alkapuri Vadodara 390007

VALSAD Gita Nivas 3rd Floor Opp. Head Post Office Halar Cross Lane Valsad 396001

VALSAD 406 Dreamland Arcade Opp Jade Blue Tithal Road Valsad 396001

VAPI 208 2nd Floor Heena Arcade Opp. Tirupati Tower Near G.I.D.C. Char Rasta Vapi 396195

VAPI A-8, First Floor, Solitaire Business Centre OPP DCB BANK , GIDC CHAR RASTA SILVASSA ROAD Vapi 396191

VARANASI Office No 1 Second Floor, Bhawani Market Building No. D58/2A1 Rathyatra Beside Kuber Complex Varanasi 221010

VARANASI D-64/132 KA , 2nd Floor Anant Complex Sigra Varanasi 221010

VASHI Vashi Plaza,Shop no. 324 C Wing 1ST Floor Sector 17 Vashi, Mumbai 400705

VELLORE AKT Complex 2nd Floor No 1,3 New Sankaranpalayam Road Tolgate Vellore 632001

VELLORE No 2/19,1st floor Vellore city centre Anna salai Vellore 632001

VIJAYAWADA 40-1-68 Rao & Ratnam Complex Near Chennupati Petrol Pump M.G Road Labbipet Vijayawada 520010

VIJAYAWADA HNo26-23, 1st Floor, Sundarammastreet GandhiNagar Krishna Vijayawada 520010

VISAKHAPATNAM 47/9/17 1st Floor 3rd Lane Dwaraka Nagar Visakhapatnam 530016
VISAKHAPATNAM 48-10-40, Ground Floor Surya Ratna Arcade, Srinagar Beside Taj Hotel Lodge Visakhapatnam 530016

WARANGAL A.B.K Mall Near Old Bus Depot Road F-7 Ist Floor Ramnagar, Hanamkonda Warangal 506001

WARANGAL Shop No22 , ,Ground Floor Warangal City Center 15-1-237 Mulugu Road Junction Warangal 506002

YAMUNA NAGAR 124 B/R Model Town Yamuna Nagar 135001

YAMUNA NAGAR B-V, 185/A, 2nd Floor, Jagdhari Road Near DAV Girls College, (UCO Bank Building) Pyara Chowk Yamuna Nagar 135001

*Any new offices/centres opened will be included automatically. For updated list, please visit www.dspim.com and www.camsonline.com.

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