1. An open ended scheme replicating/ tracking S&P BSE Sensex Index
DSP S&P BSE Sensex ETF
An opportunity to participate in the ‘India’ story!
NFO Period
17th July – 21st
July
2023

2. Why consider to invest in INDIA?
2

3. The INDIA story
One of the fastest growing economy Conducive conditions for CAPEX cycle Relatively better inflation trajectory
and monetary policy management
S&P BSE Sensex, Shanghai Shenzhen CSI 300, S&P 500, KOSPI, Stoxx Euro
600 and TOPIX Indices considered for India, China, USA, South Korea, Europe
and Japan respectively.
5
9
7 6
10
8
12
9
10 10 9
16
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22
(P)
Manufacturing FDI Inflows ($, Billion)
Manufacturing FDI Inflows Are Record High
Real 10Y
Treasury
Yield^
Real Policy
rate
CPI
Inflation
(May-23)
Inflation
Target (%
range)
India 2.9 2.3 4.3 4 ± 2
UK -4.0 -3.7 8.7 2.0
Germany -4.5 -3.1 7.1 2.0
Japan -2.8 -3.3 3.2 2.0
Thailand 2.0 1.5 0.5 2 ± 1
Malaysia 1.1 0.2 2.8 3.3
USA 0.0 1.1 4.0 2.0
South
Africa
5.7 2.0 6.3 4.5 ± 1.5
Indonesia 2.3 1.8 4.0 3.0
China 2.4 3.5 0.2 3.0
Russia 8.5 5.0 2.5 4.0
Mexico 3.0 5.4 5.8 3.0
Brazil 6.9 9.8 3.9 3.0
Red box indicates inflation target miss
3
Source: Investec, Bloomberg. Data as on 30 Jun 23. ^ Data as on 4th July 2023.
12%
11%
10% 10%
8%
3%
India China Japan Europe USA South
Korea
Earnings growth of last 20 years

4. Why consider Sensex to invest in INDIA?
4

5. 2,634
89,326
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
1,00,000
0
500
1,000
1,500
2,000
2,500
3,000
FY97 FY98 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23
S&P BSE Sensex EPS (LHS) S&P BSE Sensex TRI (RHS)
Closely tracks earnings over long term
Source: MOFSL Research, Data as on 30 June 2023.
Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. These figures pertain to performance of the
index/Model and do not in any manner indicate the returns/performance of the Scheme. It is not possible to invest directly in an index. 5

6. Sector Rotation - Real Representation of the Current Economy
Source: MOFSL Research, DSP, Data as on FY23. The sector(s)/stock(s)/issuer(s) mentioned in this document do not constitute any recommendation of the same
and the Fund may or may not have any future position in these sector(s)/stock(s)/issuer(s).
17%
4% 5% 6%
11%
4% 4%
23%
26%
10% 7% 10%
16% 13%
11%
13%
17% 17% 9% 12%
12%
10%
21% 23% 32%
40% 41%
23%
6%
10%
12%
7% 4% 5%
24%
18%
15%
16% 17% 16%
FY96 FY00 FY05 FY10 FY15 FY20 FY23
Sector weights in S&P BSE Sensex Index over time
Auto Chemicals Commodities Consumer Energy Financials
Healthcare Industrials Real Estate Technology Telecom & Media Utilities
Financials which has the
highest weight in the Index
today, had 0% share in
FY96.
The Index captures the
sector trends and rotations
to represent the current
economy.
6

7. Only 30 companies represent ~45% of Market cap and PAT
Source: Investec. Data as on FY23. PAT – Profit After Tax.
44%
20%
30%
40%
50%
60%
70%
FY03 FY07 FY11 FY15 FY19 FY23
PAT share of S&P BSE Sensex Index in S&P BSE 500 Index
7
45%
20%
30%
40%
50%
60%
FY03 FY07 FY11 FY15 FY19 FY23
Market cap share of S&P BSE Sensex Index in S&P BSE 500
Index

8. Number of large cap schemes that outperform benchmark are reducing
Source: Bloomberg, DSP, Data as on 30 Jun 2023. 8
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
% of large cap funds outperforming Sensex TRI on 3 year rolling basis
SEBI scheme
categorisation -
Oct 2017

9. Current Valuation
Source: DSP, Bloomberg. Data as on 30 Jun 2023.
9
The index has generally traded at premium compared to other emerging countries given strong earnings.
However the premium has cooled off from it’s recent high levels.
0
0.5
1
1.5
2
2.5
Jan-06
Oct-06
Jul-07
Apr-08
Jan-09
Oct-09
Jul-10
Apr-11
Jan-12
Oct-12
Aug-13
May-14
Feb-15
Nov-15
Aug-16
May-17
Feb-18
Nov-18
Aug-19
May-20
Mar-21
Dec-21
Sep-22
Jun-23
S&P BSE Sensex Index/ MSCI Emerging Markets Index
(Blended 12-month Price to Earning ratio)
Average
5
10
15
20
25
30
35
Jul-03
Jul-04
Jul-05
Jul-06
Jul-07
Jul-08
Jul-09
Jul-10
Jul-11
Jul-12
Jul-13
Jul-14
Jul-15
Jul-16
Jul-17
Jul-18
Jul-19
Jul-20
Jul-21
Jul-22
Jul-23
S&P BSE Sensex Index Price to Earning Ratio

10. About S&P BSE Sensex Index
10

11. Portfolio
Index is sectorally diversified and large-cap oriented
Source: BSE. Data as on 30 Jun 2023. The sector(s)/stock(s)/issuer(s) mentioned in this document do not constitute any recommendation of the same and the
Fund may or may not have any future position in these sector(s)/stock(s)/issuer(s). 11
Top 10 Holdings Index Weight
Reliance Industries Ltd 11.94%
HDFC Bank Ltd 10.20%
ICICI Bank Ltd 8.86%
HDFC Ltd 7.03%
Infosys Ltd 6.54%
ITC Ltd 5.41%
Tata Consultancy Services Ltd 4.59%
Larsen & Toubro Ltd 4.06%
Axis Bank Ltd 3.71%
Kotak Mahindra Bank Ltd 3.59%
Total 65.9%
Sector Composition Index Weight
Financials 41.39%
Information Technology 14.59%
Energy 11.94%
Consumer Staples 9.76%
Consumer Discretionary 6.80%
Materials 4.58%
Industrials 4.06%
Communication Services 2.92%
Utilities 2.40%
Health Care 1.54%
Total 100.0%

12. Float adjusted Market
capitalization
Liquidity Top 30 companies
Semi-Annual rebalancing
No max capping on stock
weight
Index Features & Methodology
Source: BSE. The above restrictions are based on Index methodology and the same may change in future by BSE
12

13. Longest History of Indian Equity Market
Source: Internal, Bloomberg, DSP, Data as on 30 Jun 2023. Past performance may or may not be sustained in future and should not be used as a basis for comparison with
other investments. These figures pertain to performance of the index/Model and do not in any manner indicate the returns/performance of the Scheme. It is not possible to
invest directly in an index. 13
SIP 5 Years 7 Year 10 Year 15 Year
S&P BSE Sensex TRI 16.2% 15.2% 14.1% 13.5%
Lump sum 1 Year 2 Year 3 Year 5 Year 10 Year 15 Year
Since
Inception
S&P BSE
Sensex TRI
23.7% 12.4% 24.4% 14.2% 14.3% 9.3% 13.3%
Point to Point Returns
Standard Deviation (Since Inception) : 22.8%
64,719
98,624
0
20,000
40,000
60,000
80,000
1,00,000
1,20,000
Jan-86
Jan-88
Mar-90
Mar-92
Apr-94
May-96
Jun-98
Jul-00
Aug-02
Sep-04
Oct-06
Nov-08
Dec-10
Jan-13
Feb-15
Mar-17
Apr-19
May-21
Jun-23
Index
NAV
in
INR
S&P BSE Sensex
S&P BSE Sensex TRI
Index (Since 1986)
Index (Since 1996)

14. Rolling Returns
Source – Bloomberg, DSP. Data as on 30 Jun 2023. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other
investments. These figures pertain to performance of the index/Model and do not in any manner indicate the returns/performance of the Scheme. It is not possible to invest
directly in an index. 14
Even though median returns for different holding period is in the range of ~12-15%, minimum
returns improve significantly from negative to positive as we increase holding period.
13.7%
12.4%
13.1% 13.4%
15.2%
1 Year 3 Year 5 Year 7 Year 10 Year
-55.8%
-17.0%
-6.1%
3.8% 5.6%
1 Year 3 Year 5 Year 7 Year 10 Year
Minimum Returns
Median Returns

15. Return Distribution
Source – Bloomberg, DSP. Data as on 30 Jun 2023. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other
investments. These figures pertain to performance of the index/Model and do not in any manner indicate the returns/performance of the Scheme. It is not possible to invest
directly in an index.
26.1%
7.9%
4.1%
0.0% 0.0%
1 Year 3 Year 5 Year 7 Year 10 Year
Holding Period
% Time returns were negative
53.3%
51.9%
57.8%
62.3%
73.7%
1 Year 3 Year 5 Year 7 Year 10 Year
Holding Period
% returns were higher than 12%
15
As the holding period increases, probability of negative returns decreases and probability of comparatively higher returns
increases.

16. Calendar year returns
Source – Bloomberg, DSP. Data as on 30 Jun 2023. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other
investments. These figures pertain to performance of the index/Model and do not in any manner indicate the returns/performance of the Scheme. It is not possible to invest
directly in an index.
7.2%
5.8%
23.2%
17.2%
15.7%
7.2%
29.6%
3.5%
-3.7%
31.9%
10.7%
28.0%
-23.6%
19.1%
83.3%
-51.8%
48.8%
48.8%
44.6%
15.6%
77.0%
5.8%
-15.7%
-19.6%
68.0%
-14.8%
20.5%
YTD 23
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
S&P BSE Sensex TRI Index
16

17. Numbers in ( ) indicates number of years of experience. The investment approach / framework/ strategy mentioned herein are
currently followed and the same may change in future depending on market conditions and other factors.
Portfolio Management / Dealing / Analysis
Aanchal Almal, CFA
( 8 )
Manager
Diipesh Shah
(19 )
Vice President
Anil Ghelani, CFA
(20 )
Head of Passive
Investments & Products
Passive Investments Process
Review Opening Portfolios and
forecast Cash Flows
Review market liquidity to
manage impact costs
Pre - Trade Evaluation Investment Decision Post - Trade Analysis
Track mandatory and elective
Corporate Actions
Strategy for stock level timing
and pace of execution
Identify price movements and
evaluate stock lending
opportunities
Evaluate trade execution
Analyse Tracking Error
Ensure real time portfolio
weights align with underlying
index
Track Scheduled and Adhoc
rebalances
Monitor
real time market movement
Investment team & Process
In line with global best
practices - dedicated
passive investment desk
to increase focus
17

18. Current Valuation
• The Index is currently trading at rich valuations compared to it’s own historical average and peer countries.
Tracking Error
• The fund is subject to tracking error and may underperform benchmark.
Risks
18

19. DSP S&P BSE Sensex
ETF
(An open ended scheme
replicating/ tracking S&P BSE
Sensex Index)
This product is suitable for investors who are seeking*
• Long-termcapital growth
• Investment in equity and equity related securities
covered by S&P BSE Sensex Index, subject to
tracking error
*Investors should consult their financial advisers if in
doubt about whether the Scheme is suitable for them.
Disclaimers: This presentation / note is for information purposes only. It should not be construed as investment advice to any party. In this material DSP Asset Managers Pvt. Ltd. (the AMC) has used information that is publicly available,
including information developed in-house. Information gathered and used in this material is believed to be from reliable sources. While utmost care has been exercised while preparing this document, the AMC nor any person connected does
not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. The recipient(s) before acting on any information herein should make his/their own
investigation and seek appropriate professional advice. The statements contained herein may include statements of future expectations and other forward looking statements that are based on prevailing market conditions / various other
factors and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Past performance may or may not be sustained in
the future and should not be used as a basis for comparison with other investments. The sector(s)/stock(s)/issuer(s) mentioned in this presentation do not constitute any research report/recommendation of the same and the schemes of DSP
mutual fund may or may not have any future position in these sector(s)/stock(s)/issuer(s). Large-caps are defined as top 100 stocks on market capitalization, mid-caps as 101-250 , small-caps as 251 and above. Data provided is as on June
30, 2023 (unless otherwise specified) The figures pertain to performance of the index and do not in any manner indicate the returns/performance of the Scheme. It is not possible to invest directly in an index. All opinions, figures,
charts/graphs and data included in this presentation are as on date and are subject to change without notice. For complete details on investment objective, investment strategy, asset allocation, scheme specific risk factors and more details,
please read the Scheme Information Document, Statement of Additional Information and Key Information Memorandum of respective scheme available on ISC of AMC and also available on www.dspim.com. There is no assurance of any
returns/capital protection/capital guarantee to the investors in above mentioned Scheme. The presentation indicates the strategy/investment approach currently followed by the above mentioned Scheme and the same may change in future
depending on market conditions and other factors.
NSE Disclaimer: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE nor does it certify the correctness
or completeness of any of the contents of the Draft Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of the ‘Disclaimer Clause of NSE’.
BSE Disclaimer: It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the SID has been cleared or approved by BSE Limited nor does it certify the correctness or
completeness of any of the contents of the SID. The investors are advised to refer to the SID for the full text of the Disclaimer clause of the BSE Limited.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
SCHEME RISKOMETER BENCHMARK RISKOMETER – S&P BSE
Sensex TRI
Disclaimer & Product Labelling
19

20. #INVESTFORGOOD
20