New Fund Offer: DSP BlackRock FMP Series 23-12M Opens: December 08, 2011 Closes: December 08, 2011

Transcription

1 DSP BLACKROCK FMP - SERIES 21 to 40 Close Ended Income Schemes KEY INFORMATION MEMORANDUM CUM ASBA FORM Investment Manager: DSP BlackRock Investment Managers Pvt. Ltd. New Fund Offer Price: Rs. 10/- per Unit New Fund Offer: DSP BlackRock FMP Series 23-12M Opens: December 08, 2011 Closes: December 08, 2011 This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the Schemes/Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors rights & services, risk factors, penalties & pending litigations etc. investors should, before investment, refer to the Scheme information Document (SID) of the Schemes and the Statement of Additional Information (SAI) available free of cost at any of the Investor Service Centres or distributors or from the website, The Scheme particulars have been prepared in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations 1996, as amended till date, and filed with the Securities and Exchange Board of India (SEBI). The Units being offered for public subscription have not been approved or disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of this KIM. Investment Objective The primary investment objective of the Scheme is to seek to generate returns and capital appreciation by investing in a portfolio of debt and money market securities. The Scheme will invest only in such securities which mature on or before the date of maturity of the Schemes. Asset Allocation Pattern Types of Instruments Debt securities & Money Market Instruments Normal Allocation (% of Net Assets) 100% None of the Schemes shall invest in securitised debt. None of the Schemes shall invest in fixed income derivatives and in foreign debt securities. Total gross exposure in debt and money market securities shall not exceed 100% of the net assets of each Scheme. Page 1 of 8

2 Intended Portfolio Allocation for DSPBRFMP S23 12M Credit rating (%) A1* Certificate of Deposits (CD) Not Applicable Cash & Cash Equivalent (CBLO/REPO/CROM) * for short term debt securities ** for long term debt securities Notes: a. All investments shall be made based on rating prevalent at the time of investment. Further, in case of an instrument which has dual rating, the most conservative publicly available rating would be considered. b. The Schemes shall not invest in unrated instruments. c. Securities with Rating AA will include AA+ and AA-. Similarly, securities with Ratings A1 will include A1+ There would be no variation between the intended portfolio and the final portfolio, subject to the following: (i) The Investment Manager can deploy funds in higher rated securities within the same instrument category in case lower rated instruments/securities are not available or the Investment Manager is of the view that the risk-reward is not in the best interest of unit holders. (ii) After NFO and towards the maturity of the Scheme, the Investment Manager may deploy (upto 100%) the funds in cash/cash equivalents/in units of money market/liquid schemes of DSP BlackRock Mutual Fund and/any other mutual Fund in terms of applicable regulations, for temporary period. (iii) The Investment Manager can deploy funds in A1+ rated short term securities, provided that the issuer of the security has a long term rating in line with the asset allocation indicated in the above table. If the issuer does not have a long term rating from any of the rating agencies, then the AMC s internal view on the long term rating will be considered. Further, in the event of any deviations, a review and rebalancing of the asset allocation will be called for by the Investment Manager within 30 days from the date of the said deviation. Such changes in the investment pattern will be for a short term and for defensive considerations and the intention being at all times to seek to protect the interests of the Unit Holders and may be caused due to reason such as non availability of the appropriate assets as mentioned in the above asset allocation matrix or due to perceived weakness in the credit worthiness of the issuer of the assets which are held in the portfolio during the tenor of the Scheme. Credit Evaluation Policy Credit Analysis at DSPBRIM is an independent function performed by the Risk & Quantitative Analysis (RQA) team. The RQA team sets up and monitors lending limits for each debt issuer. Issuer risk limits cover the quantum of exposure, maximum tenor and in some instances the type of instruments that can be purchased by the Investment Manager. An individual scheme s access to the issuer limit is dependent on its investment objectives, regulatory restrictions and assets under management. Risk limits for issuers are assigned and reviewed regularly at an internal Credit Committee meeting. Credit evaluation process: The credit evaluation process includes a thorough analysis of the operating and financial strength of the issuer as well as management and industry risk evaluation. Typically, an interaction with the company management is also sought prior to setting up of issuer limits. 0-5 Page 2 of 8

3 For structured obligations, in addition to the above, the evaluation also covers originator analysis, collateral analysis, structure analysis and embedded risk analysis. Each credit proposal is discussed by an internal Credit Committee and a limit is assigned, if the issuer/structure is suitable. Sectors in which the Schemes shall not invest The AMC currently does not invest in debt issued by real estate companies. Typically, the RQA team identifies sectors which are deemed vulnerable at any given point of time depending on the macro environment and avoids exposure to such sectors. Thus, sector restrictions may be temporary and may change in different environments. The Scheme shall not invest in securitized debt, fixed income derivatives instruments and in foreign debt securities. Investment Strategy Risk Profile The Investment Manager will invest only in those debt securities that are rated investment grade by a domestic credit rating agency authorised to carry out such activity, such as CRISIL, ICRA, CARE etc. In-house research by the Investment Manager will emphasize on credit analysis, in order to determine credit risk. Mutual Fund Units involve investment risks including the possible loss of principal. Scheme specific risk factors are summarized below: (i) Market Risk (ii) Credit Rating Risk (iii) Liquidity Risk (iv) Credit Risk (v) Reinvestment Risk (vi) Interest Rate Risk (vii) Concentration Risks (viii) Risk associated with Listing of Units and Risk associated with close ended schemes Risk Management Strategies Risk Risk mitigants / management strategy Interest rate risk Fall in the value of the portfolio due to upward movement of interest rates Credit risk Issuer s inability to meet interest and principal payments on its debt obligations Liquidity risk High impact costs for liquidation of securities held in the portfolio Although this risk exists in a fixed income portfolio, the closed ended nature of the Scheme mitigates the risk as portfolio construction at the time of inception leads to creation of a short duration portfolio with securities whose maturity date is in line with the maturity date of the Scheme. Given the short duration of securities in the portfolio, interest rate risk is anticipated to be low. Credit risk management is an independent function performed by the Risk Management team. The team establishes and continuously monitors credit limits for each issuer based on inputs from issuer financial statements, rating agencies etc. Issuer Risk Limits are imposed on a single issuer as well as an industrial group, for all the schemes. Issuer risk limits cover the quantum of exposure, maximum tenor and in some instances the type of instruments that can be purchased. Risk limits for issuers are assigned after discussion at an internal Credit Committee meeting. The endeavour is to construct a portfolio with high credit quality. In a closed ended product, liquidity risk on account of underlying securities market liquidity does not exist as intermediate liquidity is not required. Liquidity access is done through contractual maturity of the security, which is in line with the term of the closed ended Scheme. Page 3 of 8

4 Concentration risk Concentrated investment in single security or single issuer Event risk Price risk due to company or sector specific event We have internal fund manager guidelines for maximum exposure to a single issuer and also concentration limits on account of large holdings to avoid undue concentration in portfolio. The endeavour is to invest in securities of issuers, which have high balance sheet strength in the investment horizon to eliminate single company risk. Options Growth* Dividend Payout *default Option Maturity Date The Schemes will be fully redeemed at the end of their respective tenure. DSP BlackRock FMP Series 23-12M will mature on December 13, If the maturity date is not a Business Day, the immediately succeeding Business Day will be considered as the maturity date. On the maturity date, all Units under the Schemes will be compulsorily, and without any further act by the Unit Holders, redeemed at the Applicable NAV of that day. For the units held in electronic form, the units will be extinguished with the Depository and the redemption amount will be paid to the Unit Holders on the maturity date, at the prevailing NAV on that date. Minimum Application Amount /Number of Units Benchmark Index Rs. 5,000/- and multiples of Re. 1/- thereafter For Schemes having maturity of upto 3 months: CRISIL Liquid Fund Index For Schemes having maturity of more than 3 months: CRISIL Short Term Bond Fund Index Dividend Policy Name of the Fund Manager The Trustee reserves the right to declare a dividend and the actual distribution thereof and the frequency of distribution are entirely at the discretion of the Trustee. Dhawal Dalal Name of the Trustee Company DSP BlackRock Trustee Company Pvt. Ltd. Performance of the Scheme Expenses of the Scheme (i) Load Structure These are new Schemes being launched and hence, there is no performance track record. Investors are informed that the Mutual Fund/AMC and its empanelled brokers have not given and shall not give any indicative portfolio and indicative yield in any communication, in any manner whatsoever. Investors are advised not to rely on any communication regarding indicative yield/ portfolio with regard to the Scheme. Entry Load NIL* Exit Load Not Applicable (The Units under the Scheme cannot be directly redeemed with the Mutual Fund as the Units will be listed on the Stock Exchange/s) *In accordance with the requirements specified by SEBI circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009 no entry load will be charged with respect to applications for purchase/switch-in. 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. Page 4 of 8

5 (ii) Recurring Expenses First Rs. 100 Crores Next Rs. 300 Crores Next Rs. 300 Crores Balance 2.25% 2.00% 1.75% 1.50% Tax treatment for the Investors (Unit Holders) Applicable NAV for repurchase Despatch of Repurchase (Redemption) Proceeds on Maturity Net Asset Value (NAV) Publication Listing For Investor Grievances please contact Unit Holders Information Investors are advised to refer to the details in the Statement of Additional Information. In view of the individual nature of tax benefits, each investor is advised to consult his or her own tax consultant with respect to the specific tax implications arising out of his or her participation in the Scheme. Not applicable. The Scheme being close ended no redemption/repurchase is permitted. Investors who wish to redeem/exit may do so through the Stock Exchange mode. Within 10 working days from the date of Maturity The first NAV will be calculated and declared within 5 Business Days from the closure of the NFO. Thereafter, the Mutual Fund shall declare the NAV of the Schemes on every Business Day, on AMFI s website by 9.00 p.m. and also on The NAV of the Schemes will be published by the Mutual Fund in at least two daily newspapers, on every Business Day. The Units of the Scheme will be listed on Bombay Stock Exchange Limited (BSE) within 5 Business Days from the date of allotment. BSE has vide its letter no. DCS/IPO/NP/MF-IP/283/ dated September 06, 2011, provided inprinciple approval to the AMC for listing of the Units of the Schemes on BSE. An investor can buy/sell Units on a continuous basis on BSE and/or any other Stock Exchange(s) on which the Units are listed during the trading hours like any other publicly traded stock, until the date of issue of notice by the AMC for fixing the record date for determining the Unit holders whose name(s) appear on the list of beneficial owners as per the Depository s (NSDL/CDSL) records for the purpose of redemption of Units on maturity/final redemption date. The trading of Units on BSE and/or any other Stock Exchange(s) on which the Units are listed will automatically get suspended from the date of issuance of the said notice and also no off-market trades shall be permitted by the Depositories. Computer Age Management Services Pvt. Ltd., Rayala Towers, Tower I, 3 rd floor, 158 Anna Salai, Chennai Tel: ; Fax: ; id: enq_d@camsonline.com OR DSP BlackRock Mutual Fund, Maker Chamber VI, 126/127, 12th Floor, Jamnalal Bajaj Road, Nariman Point, Mumbai Tel.: Account Statements/Allotment Confirmation: Allotment confirmation specifying the number of Units allotted shall be sent to the Unit holders at their registered address and/or mobile number by way of and/or SMS within 5 Business Days from the close of the New Fund Offer (NFO) Period or from the date of receipt of transaction request. Consolidated account statement (CAS)^ shall be sent for each calendar month within 10 th day of the succeeding month to the investors in whose folios transactions have taken place during that month. Transactions for the purpose of CAS include purchase, redemption, switch, dividend payout, dividend reinvestment, SIP, SWP, STP and bonus transactions. A consolidated account statement shall be sent every half yearly (September/ March), on or before 10 th 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. Where investor desires to hold Units in dematerialized form, demat Page 5 of 8

6 statement shall be provided by the Depository Participant in such form 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. ^Consolidated Account Statement (CAS) shall contain details relating to all the transactions carried out by the investor across all schemes of all mutual funds during the month and holding at the end of the month including transaction charges paid to the distributor with respect to Units held in physical form. For the purpose of CAS, common investors across mutual funds shall be identified on the basis of PAN. Accordingly, investors whose folio(s) are not updated with PAN shall not receive CAS. Investors are therefore requested to ensure that their folio(s) are updated with PAN. Further, such consolidation shall be based on the common sequence/order of investors in various folios across mutual funds. For more details, please refer the SID. Half yearly portfolio disclosure: Full portfolio in the prescribed format shall be disclosed either by publishing it in one national English daily newspaper circulating in the whole of India and in a newspaper published in the language of the region where the Head office of the Mutual Fund is situated or by sending it to the Unit Holders within one month from the end of each half-year, that is as on March 31 and September 30. It shall also be displayed on Annual Financial results: The annual report of the Schemes or the Annual Report or an abridged summary thereof, will be sent to all Unit Holders not later than four months from the date of the closure of the relevant financial year i.e. March 31 each year (i) by to all Unit holders whose addresses are available with the Mutual Fund and (ii) in physical form to the Unit holders whose addresses are not available with the Mutual Fund and/or to those Unit holders who have opted/requested for the same. Whenever the report is sent in a the abridged form, the full annual report will be available for inspection at the registered office of the Trustee and a copy made available on request to the Unit Holders. The Annual Report shall also be displayed on a link to which is displayed prominently on the homepage of the Mutual Fund s website. Investors who have not registered their addresses with the Mutual Fund are requested to update the same. Applications Supported by Blocked Amount (ASBA) As per SEBI circular no. SEBI/IMD/CIR No. 18/198647/2010 dated March 15, 2010 read with SEBI circular no. Cir /IMD/DF/6/2010 dated July 28, 2010, an investor can subscribe to the New Fund Offer (NFO) through ASBA facility for NFOs launched on or after October 01, The ASBA facility is offered by selected Self Certified Syndicate Banks (SCSBs) which are registered with SEBI for offering the facility, and whose names appear in the list of SCSBs on the website of SEBI, ASBA is an application containing an authorization given by the investor to block the application money in his specified bank account towards the subscription of Units offered during the NFO of the Schemes. Thus, for an investor who applies through ASBA facility, the application money blocked towards subscription of Units shall be debited only if his/her application is selected for allotment of Units. 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. ASBA applications can be submitted only at Self Certified Syndicate Bank (SCSB) at their designated branches. List of SCSBs and their designated branches shall be displayed on the SEBI s website ( Page 6 of 8

7 Multiple Bank Account Registration In compliance to AMFI Best Practice Guidelines, AMFI circular No. 17/10-11 dated October 22, The Mutual Fund offers its investors 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 new investors, the bank account mentioned on the purchase application form, used for opening the folio, will be treated as default bank account till the investor gives a separate request to register multiple bank accounts and change the default bank account to any of other registered bank account. Registered bank accounts may also be used for verification of pay-ins (i.e. receiving of subscription funds) to ensure that a third party payment is not used for mutual fund subscription. Default Bank Account will be used for all dividends and redemptions payouts unless investor specifies one of the existing registered bank account in the redemption request for receiving redemption proceeds. However, in case a Unitholder does not specify the default account, the Mutual Fund reserves the right to designate any of the registered bank accounts as default bank account. Consequent to introduction of Multiple Bank Accounts Facility, the existing facility of redemption with change of bank mandate is discontinued by the fund. New bank accounts can only be registered using the designated Bank Accounts Registration Form. A new non-registered bank account specified in the specific redemption request for receiving redemption proceeds will not be considered. Third Party Payment Avoidance and 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* inline with AMFI Best Practice Guidelines Circular No.16/ dated August 16, A payment towards mutual fund subscription by Cheque/Demand Draft (DD)/Fund Transfer/RTGS/NEFT or any mode whatsoever is deemed as a Third Party payment, if payment is issued from a bank account other than that of the beneficiary investor. The first holder of the mutual fund folio has to be one of the joint holders of the bank account from which payment is made via cheque/demand Draft (DD)/Funds transfer/rtgs/neft. Therefore, it is important for investors to mention the bank account number, bank name & branch address from where the payment is issued and the same should match with details on payment cheque/document (where applicable). Where the payment instrument/advice does not mention the bank account holders name/s, investor should attach bank pass book copy/bank statement/bank letter to substantiate that the first unit holder is one of the joint holders of the bank account. Where a payment is through a DD, a bank certification of bank account and account holders name of the bank account used for DD issuance should be attached, in the required format. *Third Party Payment: When a payment is from a bank account other than that of the beneficiary investor, the same is referred to as a Third Party Payment. It is further clarified that In case of mutual fund subscriptions, the first unit holder is considered as the beneficiary investor, even if there are joint unit holders. In case of payments from a bank account jointly held, the first holder of the mutual fund subscription has to be one of the joint holders of the bank account from which the payment is made. In specific exceptional situations where Third Party payment is permitted like (i). Payment by Parents / Grand-Parents / Related persons on behalf of a minor (other than registered guardian) in consideration of natural love and affection or as gift for value not exceeding Rs 50,000 for each purchase, (ii). Payment by an Employer on behalf of Employee under Systematic Investment Plans/lump sum/one-time subscription through Payroll deductions or (iii). Custodian on behalf of an FII or a client. Investors submitting their applications through the Page 7 of 8

8 above mentioned exceptional situations are required to comply with the following, without which applications for subscriptions for units will be rejected /not processed/ refunded. Mandatory KYC for all investor (guardian in case of minor) and the person making the payment i.e. third party. In order for an application to be considered as valid, investors and the person making the payment should attach their valid KYC to the application form irrespective of amount. Along with submission of a separate Third Party Payment Declaration Form from investor (guardian in case of minor) and person making the payment i.e. third party. The said Declaration form shall, inter allia, contain the details of bank account from which the payment is made and the relationship with the investor(s). Investors are advised to visit > Knowledge Centre for more details, including declaration format or approach any of the offices of the fund. The AMC reserves a right to reject the transaction or call for additional details, if payment bank account and other details are not mentioned on the form and/or do not match with payment instrument and/or necessary documents and declaration, as applicable to respective investors and transactions, are not attached or are insufficient. In case the funds are transferred to the mutual fund account prior to the application rejection, then amount transferred may not be refunded or redeemed unless the investor establishes KYC with additional documentation. Date: November 28, 2011 Page 8 of 8

9 DSP BLACKROCK FMP - Series 23-12M Close Ended Income Scheme ASBA APPLICATION FORM DATE NFO Opens: December 08, 2011 NFO Closes: December 08, 2011 APPLICATION NO. APPLICATION SUPPORTED BY BLOCKED AMOUNT (ASBA) BROKER/AGENT INFORMATION FOR OFFICE USE ONLY Broker Stamp & ARN Code Sub Broker Stamp & Code SCSB SCSB IFSC Code Syndicate Member Stamp & Code SCSB Branch Sr. No. Investors must read the Scheme Information Document/Key Information Memorandum, Instructions and Terms and Conditions overleaf before completing this Form. DECLARATION Having read and understood the contents of the Scheme Information Document and Statement of Additional Information, Key Information Memorandum and Instructions. I / We, hereby apply to the Trustee of DSP BlackRock Mutual Fund for Units of the Scheme mentioned below and agree to abide by the terms and conditions, rules and regulations of the Scheme. I / We have neither received nor been induced by any rebate or gifts, directly or indirectly in making this investment. I / We declare that the amount invested in the Scheme is through legitimate sources only and is not designed for the purpose of contravention or evasion of any Act, Regulation, Rule, Notification, Directions or any other applicable laws enacted by the Government of India or any Statutory Authority. The ARN holder has disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us. Applicable to NRIs only: I/We confirm that I am/we are Non-Resident(s) of Indian Nationality / Origin and I/We hereby confirm that the funds for subscription have been remitted from abroad through normal banking channels or from funds in my / our Non-Resident External / Ordinary Account/FCNR Account(s). TRANSACTION CHARGES (Please refer instruction and tick any one) Applicable for transactions routed through a distributor who has opted in for transaction charges. I am a First Time Investor in Mutual Fund Industry. I am an Existing Investor in Mutual Fund Industry. (Rs 150 will be deducted.) (Rs 100 will be deducted.) APPLICANT S DETAILS Name of First Applicant (as available in Demat Account) Existing Folio if any Name of Second Applicant (as available in Demat Account) Name of Third Applicant (as available in Demat Account) Mode of Holding Single Joint (default) Either or Survivor DEPOSITORY ACCOUNT DETAILS: [mandatory] [Refer Instruction k ] Depository Name [Please tick] National Securities Depository Ltd Central Depository Services [India] Limited Depository Participant Name DP-ID Beneficiary Account Number I N (16 digit beneficiary account no. to be mentioned above) INVESTMENT DETAILS Scheme Option Growth (default) Dividend Payout (Please tick any one) BANK ACCOUNT FOR BLOCKING OF FUNDS [Refer Instruction d] [Bank Account should be in the name of First Applicant only] Bank Account Number Bank Name & Branch Address Total Amount [Rs. In figures] [Rs. In words]. UNDERTAKING BY ASBA INVESTOR l/we hereby undertake that l/we am/are an ASBA lnvestor as per the applicable provisions of the SEBl (lssue of Capital and Disclosure Requirements), Regulations 2009 ( SEBl Regulations ) as amended from time to time. ln accordance with ASBA process provided in the SEBl Regulations and as disclosed in this application, l/we authorize (a) the SCSB to do all necessary acts including blocking of application money towards the Subscription of Units of the Scheme, to the extent mentioned above in the SCSB / ASBA Account details or unblocking of funds in the bank account maintained with the SCSB specified in this application form, transfer of funds to the Bank account of the Scheme/DSP BlackRock Mutual Fund on receipt of instructions from the Registrar and Transfer Agent after the allotment of the Units entitling me/us to receive Units on such transfer of funds, etc. (b) Registrar and Transfer Agent to issue instructions to the SCSB to remove the block on the funds in the bank account specified in the application, upon allotment of Units and to transfer the requisite money to the Scheme s account / Bank account of DSP BlackRock Mutual Fund. ln case the amount available in the bank account specified in the application is insufficient for blocking the amount equivalent to the application money towards the Subscription of Units, the SCSB shall reject the application. lf the DP ld, Beneficiary Account No. or PAN furnished by me/us in the application is incorrect or incomplete or not matching with the depository records, the application shall be rejected and the DSP BlackRock Mutual Fund or DSP BlackRock Investment Managers Pvt. Ltd. or DSP BlackRock Trustee Company Pvt. Ltd. or SCSBs shall not be liable for losses, if any. All future communication in connection with NFO should be addressed to the SCSB/RTA/AMC quoting the full name of the Sole/First Applicant, NFO Application Number, ASBA Application Number, Depositary Account details, Amount applied for and the Account Number from where NFO amount was blocked. SIGNATURE PAN Sole / First Applicant / Guardian PAN MANDATORY Second Applicant PAN MANDATORY CONTACT DETAILS OF 1ST APPLICANT Tel. No. (with STD code) Mobile Third Applicant PAN MANDATORY ACKNOWLEDGEMENT FOR SCSB ACKNOWLEDGEMENT FOR INVESTOR DSP BlackRock Option Growth (default) Dividend Payout Received from 1st Applicant Depository Name [Please tick] National Securities Depository Ltd Central Depository Services [India] Limited Depository Participant Name DP-ID Beneficiary Account Number SCSB ACCOUNT DETAILS: Bank A/c No. DSP BlackRock FMP - Series 23-12M Option Growth (default) Dividend Payout Received from Mr./Ms./Mrs./M/s.: Address: I N A/c No. ASBA Application No.: PAN Date D D M M Y Y Y Y (16 digit beneficiary account no to be mentioned above) Bank Name & Branch SCSB Account details Total Amount to be Blocked SCSB Stamp, Signature Bank Name Branch Name Tear here Tear here Rs. in figures Rs. in words ASBA Application No.: Date D D M M Y Y Y Y Date & time of receipt Page 1 of 2

10 ASBA Forms should be submitted only with an authorized branch of designated SCSBs. Not to be submitted at any offices of DSP BlacKRock Mutual Fund or its Registrar, CAMS Application Supported by Blocked Amount (ASBA) ASBA provides an alternative mode of payment whereby the application money remains in the investor s account till allotment of units. ASBA process facilitates investors to apply through Self Certified Syndicate Banks (SCSBs), in which the investors have their bank accounts. SCSBs are those banks which satisfy the conditions laid by SEBI. SCSBs would accept the applications, verify the application, block the fund to the extent of investment amount, unblock once the allotment is finalized and debit the investor s account. Instructions and Terms and Conditions Please read Scheme Information Document (SID), Statement of Additional Information (SAI), Key Information Memorandum (KIM), all relevant Addenda available with DSP BlackRock Mutual Fund offices and instructions carefully before filling up the application form. Investors are deemed to have read, understood and accepted the terms subject to which these offers are being made and bind themselves to the terms upon signing the application form a. This application form may be used by both resident and non-resident statement will be sent to the investors by DSP BlackRock Mutual Fund or investors. its registrar, CAMS. b. ASBA facility is currently available only to those investors who wish to n. All grievances relating to the ASBA facility may be addressed to the AMC hold the units in dematerialized form. / RTA to the issue, with a copy to the SCSB, giving full details such as c. An ASBA investor shall submit a duly filled up ASBA Application form, name, address of the applicants, subscription amount blocked on physically or electronically to the SCSB with whom the investors holds application, bank account number and the designated branch or the the bank account which is to be blocked collection centre of the SCSB where the ASBA from was submitted by i. In case of ASBA application in physical mode, the investor shall the investor. submit the ASBA form at the bank branch of SCSB, which is o. On the closure date of the NFO, the ASBA form should be submitted to designated for the purpose and the investor must be holding a bank the SCSBs before the 3.00 p.m. or such other time as may be decided by account with such SCSB. respective SCSBs. ii. In case of ASBA application in electronic form, the investor shall p. DSP BlackRock Mutual Fund or its Registrar, CAMS shall not be liable for submit the ASBA form either through the internet banking facility any negligence or mistake committed by the SCSBs. available with the SCSB, or such other electronically enabled q. Further, Investors may please note that the Fund/ AMC and its mechanism for subscribing to units of Mutual Fund schemes empanelled brokers has not given and shall not give any indicative authorising to block the subscription money in a bank account. portfolio and indicative yield in any communication, in any manner d. The Bank Account Number in the form should necessarily be of the first whatsoever. Investors are advised not to rely on any communication applicant only. In case where the bank account is jointly held, the first regarding indicative yield/ portfolio with regard to the scheme. applicant should be one of the joint holders. r. Transaction Charges: e. ASBA application form will not be accepted by any of the offices of DSP i. SEBI has allowed mutual funds to deduct transaction charge per BlackRock Mutual Fund or its Registrar & Transfer Agent, i. e Computer subscription of Rs. 10,000 and above and be paid to the Age Management Services (P) Ltd. (CAMS). distributors. Transaction Charge shall be deducted only for f. Investors shall ensure that the bank account details mentioned in the transaction routed through such distributors who have opted to ASBA application form is correct and the funds are available in the receive such charges as follows: (i) Rs. 150/- with respect to account for the SCSB to block the amount. transactions from a first time mutual fund investor; (ii) Rs. 100/- g. Upon submission of an ASBA form with the SCSB, investor shall be with respect to transactions from an existing investor; (iii) with deemed to have agreed to block the entire subscription amount respect to SIP, transaction charge shall be deducted only if total specified and authorized the designated branch to block such amount in commitment (i.e. amount per SIP installment x No. of the Bank account. installments) amounts to Rs. 10,000/- or more. The Transaction h. The SCSBs shall block the subscription money based on the Charges shall be deducted in 3 or 4 installments. Units will be authorization given by the account holder in the ASBA application form. issued against the balance amount. Please note that transaction The subscription money shall remain blocked in the Bank account till charge shall not be deducted for subscription received 'DIRECTLY', allotment of units under the scheme or till rejection of the application, i.e. not routed through any distributor and transactions other than as the case may be. purchase, viz. switch, systematic transfer into any scheme, etc. i. The SCSBs may at any time before the closure of the NFO reject the ASBA application and inform the investor accordingly. ii. Please tick the appropriate box as applicable to you. Please tick j. During processing of the application by the RTA, if the applications is the first box only if you are a first time ever mutual fund investor, found to be incomplete or incorrect, the SCSB will be informed on the i.e. you are investing in a scheme of mutual fund for the first time. same who will than unblock the investor account with appropriate However, even if an applicant ticks as new investor, the mutual remarks in the investor account fund reserves a right to check with investments in other mutual k. The names of the applicants, the manner of holding, the mode of funds to ascertain new or existing investors. holding in the application form should be exactly matching with the information available in the demat account. In case of any mismatch, iii. If no option is ticked, it is deemed that the applicant is an existing incorrect or incomplete information, the application may be rejected investor in the mutual fund industry. by the SCSB or the Registrar & Transfer Agent. l. All investor related details for allotment of units such as names of the applicants, manner of holding, mode of holding, bank account, etc will be updated as per the demat account. m. The investors should check their demat account for allotment of units within 10 working days of the NFO closure. No physical account List of Self Certified Syndicate Banks (SCBs) Please visit or (IPO Section) for list of currently available Self Certified Syndicate Banks offering ASBA facility with their designated branches. (Investors should check with their bank branch to confirm whether the branch is offering ASBA facility.) service@dspblackrock.com Website: Contact Centre: Page 2 of 2

11 SPONSOR DSP HMK HOLDINGS PVT. LTD. and DSP ADIKO HOLDINGS PVT. LTD. (Collectively) 1103, Stock Exchange Towers, Dalal Street, Fort, Mumbai Tel.: Fax: SPONSOR BlackRock Inc. 40 East 52nd Street, New York, NY 10022, USA. ASSET MANAGEMENT COMPANY TRUSTEE DSP BlackRock Investment Managers Pvt. Ltd. Mafatlal Centre, 10th Floor, Nariman Point, Mumbai Ð Tel: Fax: DSP BlackRock Trustee Company Pvt. Ltd. Mafatlal Centre, 10th Floor, Nariman Point, Mumbai Ð Tel: Fax: CUSTODIAN REGISTRAR Citibank, N.A. Trent House, 3rd Floor, G Block, Plot No.60, Next to Citibank, BKC, Bandra (E), Mumbai Tel: Fax: / 2348 Computer Age Management Services Pvt. Ltd. Rayala Towers, Tower I, 158 Anna Salai, Chennai Tel: / 0516 Fax: AUDITORS TO THE MUTUAL FUND S.R. Batliboi & Co. 6th Floor, Express Towers Nariman Point, Mumbai Ð Tel No : Fax No :