1. 1
GLOBAL
INNOVATION
FUND OF FUND
An open-ended fund of fund scheme
investing in innovation theme.

2. 2
2
DSP Global Innovation Fund of Fund (GIF)
• Is now moving towards its desired exposure
towards three types of innovation driven
businesses - ‘Dominators’, ‘Enablers’ and
‘Disruptors’
• It has added Blackrock Global Fund - Next
Generation Technology Fund as the active fund
with a 10% weight. Nearly three fourth(75%) of
this fund holdings are in profitable companies.
Innovation investing can be towards profitable
companies.
• Read on to know why active funds are being
added now!
Well
established
Enabler Disruptive
Name of
underlying fund
Ishares PHLX
Semiconductor ETF
Bluebox Global
Technology Fund
BGF Next Generation
Technology Fund
iShares NASDAQ 100
UCITs ETF
Balance between Type of companies*
30%
10%
37%
23%
Current
Weights#
*Classification based on share of sales. Source: DSP
#cash equivalents of 2%
Alert Design Milestone
Source: Internal, Data as on October 7, 2022. The portfolio of the scheme is subject to changes within the provisions of the Scheme Information document of the
scheme. The investment approach / framework/ strategy mentioned herein is currently followed by the scheme(s) and the same may change in future depending on
market conditions and other factors.

3. 3
The Long-Term Technology Juggernaut
3
Aggregate Profit Growth of Select Sub Sector in S&P 500 Index
CAGR 3 year 12 years 15 year 19 year
Communication Services 21% 17% 17% 17%
Consumer Discretionary 19% 0% 13% 13%
Consumer Staples 7% 3% 3% 5%
Energy 5% 6% -1% 11%
Financials 22% 17% 6% 10%
Information Technology 18% 16% 11% 21%
Utilities 8% 4% 4% 13%
S&P 500 Index 17% 10% 7% 12%
Technology 19% 16% 13% 19%
S&P500 Ex tech 16% 8% 5% 10%
Since the Global
Financial Crisis of
2008, technology has
displayed excellent
earnings alpha.
COVID crisis has
provided further
tailwinds.
Source: Bloomberg, Internal, Data as on December 31, 2021. The sector(s)/stock(s)/issuer(s) mentioned in this document do not constitute any research
report/recommendation of the same and the scheme(s)/ Fund may or may not have any future position in these sector(s)/stock(s)/issuer(s).

4. 4
Why Are We Adding Active Strategies
4
Software Sector At Better Margin of Safety As
Valuations Approach Average Levels
Valuations Are No Longer Expensive,
And Are At Average Levels
25
13
22
13
18
23
17
22
35
22
Jun-05
Jun-06
Jun-07
Jun-08
Jun-09
Jun-10
Jun-11
Jun-12
Jun-13
Jun-14
Jun-15
Jun-16
Jun-17
Jun-18
Jun-19
Jun-20
Jun-21
Jun-22
P/E Ratio of S&P 500 Info Tech Index
4.4
3.7
2.0
3.2
3.8
3.1
5.8
3.6
Oct-01
Oct-02
Oct-03
Oct-04
Oct-05
Oct-06
Oct-07
Oct-08
Oct-09
Oct-10
Oct-11
Oct-12
Oct-13
Oct-14
Oct-15
Oct-16
Oct-17
Oct-18
Oct-19
Oct-20
Oct-21
Oct-22
Price to Sales Ratio of NASDAQ Index
Source: Bloomberg, Internal, Data as on September 30, 2022. The portfolio of the scheme is subject to changes within the provisions of the Scheme Information
document of the scheme. The investment approach / framework/ strategy mentioned herein is currently followed by the scheme(s) and the same may change in
future depending on market conditions and other factors.
Better Valuations

5. 5
CriticalMoves
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Less Than 12% Of Nasdaq Stocks Were
Trading Above 200 Day Average At End Of
September 2022
Semiconductor Sector Back To Avg EV/EBITDA
2
12
22
32
42
52
62
72
82
92
102
Oct-01
Oct-02
Oct-03
Oct-04
Oct-05
Oct-06
Oct-07
Oct-08
Oct-09
Oct-10
Oct-11
Oct-12
Oct-13
Oct-14
Oct-15
Oct-16
Oct-17
Oct-18
Oct-19
Oct-20
Oct-21
Oct-22
Percent of Members Above 200 Day Moving Average
2
7
12
17
22
27
Oct-05
Oct-06
Oct-07
Oct-08
Oct-09
Oct-10
Oct-11
Oct-12
Oct-13
Oct-14
Oct-15
Oct-16
Oct-17
Oct-18
Oct-19
Oct-20
Oct-21
Oct-22
EV/EBITDA
EV/ EBITDA of SOX (Semiconductors) Index
COVID era valuations
froth worked off.
Major price bottom
for Nasdaq Index
Source: Bloomberg, Internal, Data as on September 30, 2022. The portfolio of the scheme is subject to changes within the provisions of the Scheme Information
document of the scheme. The investment approach / framework/ strategy mentioned herein is currently followed by the scheme(s) and the same may change in
future depending on market conditions and other factors.
The Fund Sat Through A Correction With Exposure To Passive Index

6. 6
SIP Discipline
6
Nasdaq’s Average Annual Drawdown
Has Been Sharper This Year
SIP Investors Have Seen A Shallower
Drawdown
-8.60%
-19.20%
SIP Lumpsum
Returns since inception
-13%
-16%
-12%
-17%
-11%
-50%
-19%
-16%
-16%
-12%
-6%
-8%
-14%
-12%
-5%
-23%
-11%
-28%
-11%
-34%
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Source: Internal, Data as on September 30, 2022. Regular Plan and Growth Option of scheme (s) is considered. Performance from inception (Feb 14, 2022) to
September 30, 2022(Se slide 9, 10 and 11 for performance in SEBI prescribed format and other funds managed by same fund managers).Past performance may or
may not sustain in future and should not be used as a basis for comparison with other investments. There is no assurance of any returns/capital protection/capital
guarantee to the investors in this/these scheme(s) of DSP Mutual Fund.
SIP Remains The Investment Strategy of Choice

7. 7
Active Strategies
7
“Our companies have almost all reported very strong
results, generally comfortably ahead of cautious
expectations. At present most are seeing little sign of
deceleration, but in many cases managements are
providing explicitly cautious forward guidance, in the
light of general macro concerns. Further de-rating is
certainly possible but in my view it wouldn't last
very long, at least for the extremely profitable
growth companies that we invest in. It is less clear
where the valuation floor might be found for
profitless companies that were on very high
Price/Sales ratios in 2021”
- Tony Kim, Fund Manager, BGF- Next
Generation Technology Fund
“We expect consensus earnings will need to be
revised down but this indicator is normally lagging
anyways. The market has already started to reflect
this some months ago. Earnings outlooks are
diverging between different areas of technology.
Consumer facing tech will likely see weaker growth
for some time. Semiconductor demand for
consumer products will be dragged down as well.
However, we see resilient demand in enterprise-
facing tech so far, including cloud and data
centres etc. EV demand remains strong too”
- William de Gale, Fund Manager, BlueBox
Global Technology Fund
Source: Quarterly Presentations and interactions, The sector(s)/stock(s)/issuer(s) mentioned in this document do not constitute any research
report/recommendation of the same and the scheme(s)/ Fund may or may not have any future position in these sector(s)/stock(s)/issuer(s).

8. 8
In Conclusion
8
• Technology is a long –term juggernaut, it is going through a volatile phase but its structural trend is still alive
• When the valuations were expensive, we stuck by our passive managers. Now, after the market correction and
at reasonable valuations, we are increasing active allocation
• We have always recommended the SIP route for investing in this volatile theme and we continue believe this is
best investment strategy as of now. Continue SIP and top it up.
• Adding active strategies after a steep correction is likely to result in addition of fundamentally superior
businesses through our exposure to the two active managers.
• This is a better time to invest in innovation businesses, especially in software sector which has seen ~80% price
correction.
• Most investors are overweight on old-age economy themes by virtue of design of conventional funds. This scheme
helps to diversify and take measured exposure to innovation as a theme
• The design helps investors to take part in the innovation theme in a well-diversified, profitable and risk-
adjusted manner. GIF is truly #BeyondFAANGtastic
Disclaimer: The sector(s)/stock(s)/issuer(s) mentioned in this document do not constitute any research report/recommendation of the same and the scheme(s)/
Fund may or may not have any future position in these sector(s)/stock(s)/issuer(s).

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Performance In SEBI Format- Regular Plan Growth Option
9
Date of allotment: Feb 14, 2022
Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of
advertisement
Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan.
Since inception returns have been calculated from the date of allotment till September 30, 2022
Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments
^ Fund Benchmark # Standard Benchmark
% % %

10. 10
Funds Managed By Jay Kothari
10

11. 11
Funds Managed By Jay Kothari
11

12. 12
Funds Managed By Kedar Karnik
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In the preparation of the material contained in this document, DSP Investment Managers Private Limited (“AMC”) has used
information that is publicly available, including information developed in-house or basis information received from its
affiliates. The AMC however does not warrant the accuracy, reasonableness and / or completeness of any information. The
data/statistics are given to explain general market trends in the securities market, it should not be construed as any research
report/research recommendation. All logos used in the image are trademarks™ or registered® trademarks of their
respective holders. Use of them does not imply any affiliation with or endorsement by them.
We have included statements / opinions / recommendations in this document, which contain words, or phrases such as “will”,
“expect”, “should”, “believe” and similar expressions or variations of such expressions, that are “forward looking statements”.
Actual results may differ materially from those suggested by the forward looking statements due to risk or uncertainties
associated with our expectations with respect to, but not limited to, exposure to market risks, general economic and political
conditions in India and other countries globally, which have an impact on our services and / or investments, the monetary
and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity
prices or other rates or prices etc.
The sector(s)/stock(s)/issuer(s) mentioned in this document do not constitute any recommendation/opinion of the same and
the Underlying Fund may or may not have any future position in these sector(s)/stock(s)/issuer(s). The portfolio of the
Underlying Fund is subject to changes within the provisions of its Offer document. Past performance may or not sustain in
future and should not be used as a basis for comparison with other investments.
All figures and other data given in this document are dated and the same may or may not be relevant in future and the same
should not be considered as solicitation/recommendation/guarantee of future investments by DSP Investment Managers Pvt.
Ltd. or its affiliates.
Investors are advised to consult their own legal, tax and financial advisors to determine possible tax, legal and other financial
implication or consequence of subscribing to the units of the DSP Mutual Fund (“Fund”). Investors should know that they are
bearing the recurring expenses of the scheme ( DSP Global Innovation Fund of Fund), in addition to the expenses of other
schemes in which the Fund of Funds Scheme makes investments.
There is no guarantee of returns/ income generation in the Scheme. Further, there is no assurance of any capital protection/
capital guarantee to the investors in the Scheme. For scheme specific risk factors and more details, please read the Scheme
Information Document, Statement of Additional Information and Key Information Memorandum of Scheme available on ISC
of AMC and also available on www.dspim.com.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
DISCLAIMERS & PRODUCT LABELLING
DSP Global Innovation Fund of Fund (An open ended
fund of fund scheme investing in Innovation theme)
Scheme
This open ended Fund of Funds Scheme (Investing In
Overseas Fund) is suitable for investors who are seeking*
• Long-term capital growth
• Investments in units of overseas funds which invest in
equity and equity related securities of companies which
are forefront in innovation
Product Suitability
*Investors should consult their financial advisors if in
doubt about whether the Scheme is suitable for them.
Riskometer
DSP Global innovation
Fund of Fund
MSCI All Country World
Index - Net Total Return

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THANK
YOU
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