DSP BlackRock MIP Fund - April 2012

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The Scheme is an open ended income scheme, seeking to generate income, consistent with prudent risk, from a portfolio which is substantially constituted of quality debt securities.

The Scheme is an open ended income scheme, seeking to generate income, consistent with prudent risk, from a portfolio which is substantially constituted of quality debt securities.

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  • 1. DSP BlackRock MIP Fund* April 2012**Monthly income is not assured and is subject to the availability of distributable surplus FOR PROFESSIONAL INTERMEDIARIES ONLY
  • 2. The question on the investor’s mind Markets are volatile Global uncertainty still prevails Inflation playing spoilsport What do I do with my money? FOR PROFESSIONAL INTERMEDIARIES ONLY 2
  • 3. Where are we now? Equity Fixed Income  Markets seemed to have turned around in 2012 with flows  Systemic liquidity continues to be tight despite RBI returning and momentum picking up measures  Q3 results for most companies were along expected lines  Money market rates near 3-year highs  Major events like Union Budget and RBI’s mid-quarter  G-Sec yields are volatile and are likely to be so over the monetary policy meeting behind us next few weeks  Global macroeconomic scenario still shaky; Eurozone  Headline inflation will trend down on account of base could spring a few surprises that could lead to volatility in effect but could reverse trajectory in 2H2012 domestic markets  RBI may embark on repo rate cuts in 2012 to combat  Markets expected to be range-bound with an upward bias signs of weakening growth in the near term but long-term fundamentals still intact  BSE Sensex is trading at ~13.9x 1-year forward earnings which is below the 15 year average Benefit from peak interest rates with likely equity market upside Source: Internal, as of end-March 2012 FOR PROFESSIONAL INTERMEDIARIES ONLY 3
  • 4. DSP BlackRock MIP Fund (Scheme)*: How does it work? The Scheme is an open ended income scheme, seeking to generate income, consistent with prudent risk, from a portfolio which is substantially constituted of quality debt securities. The Scheme will also seek to generate capital appreciation by investing a smaller portion of its corpus in equity and equity related securities of issuers domiciled in India Debt^ and Money Market Securities (75% -100%) – This part of the portfolio is invested in a basket of fixed income instruments – Investment in instruments that could provide superior risk-adjusted returns Equity and Equity Related securities (0%-25%) – The remaining proportion of money after investing in debt is allocated to equity and equity related securities – This will be an actively managed portfolio of high conviction trades with a focus on value Features Name of the DSP BlackRock MIP Fund* Scheme Type of Scheme An open-ended hybrid fund Fund Managers Kushal M. Choksi & Apoorva Shah Benchmark CRISIL MIP Blended Index Entry load NIL Exit load 1% for < 12 months, Nil for > = 12months Growth Options Monthly Dividend (Payout and Reinvest) Quarterly Dividend (Payout and Reinvest) * Monthly income is not assured and is subject to the availability of distributable surplus ^ Debt securities may include securitized debts upto 50% of the net assets. FOR PROFESSIONAL INTERMEDIARIES ONLY 4
  • 5. DSP BlackRock MIP Fund*: Fund Management Style Equity Fixed Income  Absolute Return Focus  Dynamic Asset Allocation within Money Market,  Flexible Management Style Government Bonds and Corporate Bonds  Portfolio of High Conviction Trades  The scheme seeks to optimize total return by investing in asset classes that are less correlated  Focus On Value  The scheme aims to invest in high credit quality liquid assets with an aim to generate risk-adjusted total return in the near term  Conservative and rigorous credit selection process  The scheme attempts to minimize downside risk through active managementFor scheme specific risk factors, please refer the Scheme Information Document * Monthly income is not assured and is subject to the availability of distributable surplus/ for scheme specific risk factor, please refer the Scheme Information Document FOR PROFESSIONAL INTERMEDIARIES ONLY 5
  • 6. DSP BlackRock MIP Fund*: Who should invest? Investors who are looking to benefit from a healthy accrual portfolio with an opportunity for price appreciation and also a potential kicker in form of allocation to equity asset classes Investors with an investment horizon of atleast 12 months Investors looking for a dividend income (subject to availability of distributable surplus) * Monthly income is not assured and is subject to the availability of distributable surplus FOR PROFESSIONAL INTERMEDIARIES ONLY 6
  • 7. DSP BlackRock MIP Fund*: Portfolio Snapshot As at 30 Mar 2012Fund Inception 10 Mar 2003 Assets INR 202.4 croreModified Duration (Fixed Income) 1.29 years Average Maturity (Fixed Income) 1.75 yearsFund Positioning An Open Ended Income Scheme, seeking to generate income, consistent with prudent risk, from a portfolio which is substantially constituted of quality debt securities. The scheme will also seek to generate capital appreciation by investing a smaller portion of its corpus in equity and equity related securities of issuers domiciled in India. Credit Quality Asset Allocation Sectoral Allocation Maturity Distribution (Fixed Income) Duration Movement (Fixed Income) Source: MFIE Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. * Monthly income is not assured and is subject to the availability of distributable surplus FOR PROFESSIONAL INTERMEDIARIES ONLY 7
  • 8. DSP BlackRock MIP Fund: Dynamic Asset Allocation Source: Internal FOR PROFESSIONAL INTERMEDIARIES ONLY 8
  • 9. DisclaimersStatutory Details: DSP BlackRock Mutual Fund was set up as a trust and the settlers/sponsors are DSP ADIKO Holdings Pvt. Ltd & DSP HMK Holdings Pvt. Ltd. (collectively) and BlackRock Inc.(Combined liability restricted to Rs. 1 lakh). Trustee: DSP BlackRock Trustee Company Pvt. Ltd. Investment Manager: DSP BlackRock Investment Managers Private Limited. Risk Factors:Mutual funds, like securities investments, are subject to market and other risks and there can be no assurance that the Scheme’s objectives will be achieved. As with any investmentin securities, the NAV of Units issued under the Scheme can go up or down depending on the factors and forces affecting capital markets. Past performance of the sponsor/AMC/mutualfund does not indicate the future performance of the Scheme. Investors in the Scheme are not being offered a guaranteed or assured rate of return. Investors in the Scheme are not being offered aguaranteed or assured rate of return. Each Scheme/Plan is required to have (i) minimum 20 investors and (ii) no single investor holding>25% of corpus. If the aforesaid point (i) is not fulfilled withinthe prescribed time, the Scheme/Plan concerned will be wound up and in case of breach of the aforesaid point (ii) at the end of the prescribed period, the investors holding in excess of 25% of thecorpus will be redeemed as per SEBI guidelines. The name of the scheme does not in any manner indicate the quality of the Scheme, its future prospects or returns. For scheme specificrisk factors, please refer the SID. For more details, please refer the Key Information Memorandum cum Application Forms, which are available on the website, www.dspblackrock.com, and at theISCs/Distributors. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. FOR PROFESSIONAL INTERMEDIARIES ONLY 9