DSP BlackRock DYNAMIC ASSET ALLOCATION FUND

SCHEME INFORMATION DOCUMENT

DSP BlackRock

DYNAMIC ASSET ALLOCATION FUND

Open ended fund of funds scheme

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

New Fund Offer Opens on: January 17, 2014 New Fund Offer Closes on: January 31, 2014 Scheme re-opens for continuous sale and repurchase: Within five Business Days from the

date of allotment

Name of Mutual Fund Name of Asset Management Company Name of Trustee Company Addresses of the entities Website

: DSP BlackRock Mutual Fund : DSP BlackRock Investment Managers Private Limited : DSP BlackRock Trustee Company Private Limited : Mafatlal Centre, 10th Floor, Mumbai 400 021 :

This Open ended Fund of Funds Scheme is suitable for investors who are seeking^ ? Long-term capital growth ? Investments in units of one or more equity mutual funds and debt mutual funds of DSP BlackRock Mutual Fund ? High Risk (Brown)

^Investors should consult their financial advisors if in doubt about whether the scheme is suitable for them.

Note: Risk may be represented as: ? Investors understand that their principal will be at Low risk (Blue) ? Investors understand that their principal will be at Medium risk (Yellow) ? Investors understand that their principal will be at High risk (Brown)

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 SID sets forth concisely the information about the scheme that a prospective investor ought to know before investing. Please retain this SID for future reference. Before investing, investors should also ascertain about any further changes to this SID after the date of this document from DSP BlackRock Mutual Fund / Investor Service Centres / Website / Distributors or Brokers.

For details of DSP BlackRock Mutual Fund, tax and legal issues and general information investors are advised to refer to the Statement of Additional Information (SAI) available on .

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

The SID should be read in conjunction with the SAI and not in isolation.

This SID is dated December 27, 2013 1

SPONSOR

DSP HMK HOLDINGS PVT. LTD. and DSP ADIKO HOLDINGS PVT. LTD. (Collectively) Mafatlal Centre, 11th Floor, Nariman Point, Mumbai - 400 021. Telephone No.: 022 2272 2731 Fax No.: 022 2272 2732

SPONSOR

BlackRock Inc. 40 East 52nd Street, New York, NY 10022, USA.

ASSET MANAGEMENT COMPANY

DSP BlackRock Investment Managers Pvt. Ltd. Mafatlal Centre, 10th Floor, Nariman Point Mumbai - 400 021 Tel: 022- 6657 8000 Fax: 022-6657 8181

TRUSTEE

DSP BlackRock Trustee Company Pvt. Ltd. Mafatlal Centre, 10th Floor, Nariman Point Mumbai - 400 021 Tel: 022- 6657 8000 Fax: 022-6657 8181

CUSTODIAN

Citibank, N.A. Securities & Funds Services First International Financial Centre (FIFC), 11th Floor, Plot Nos. C 54 and C55, G Block, Bandra Kurla Complex, Bandra East, Mumbai 400051 Tel: 022- 61756908 Fax: 022- 26532205/26532347/66940766

REGISTRAR

Computer Age Management Services Pvt. Ltd. No. 178/10, Kodambakkam High Road, First Floor, Opp Hotel Palmgrove, Nungambakkam, Chennai ? 600034. Tel: 044-2852 1596 / 0516 Fax: 044-4203 2952

AUDITORS TO THE MUTUAL FUND S. R. Batliboi & Co. LLP 12th Floor, The Ruby, 29 Senapati Bapat Marg, Dadar (West) Mumbai ? 400 028 Tel No : 022 6192 2268

2

Index

SECTION I - HIGHLIGHTS/SUMMARY OF THE SCHEME

4

SECTION II - DEFINITIONS

5

SECTION III - ABBREVIATIONS & INTERPRETATIONS

7

SECTION IV - INTRODUCTION

8

A. RISK FACTORS

8

B. RISK MANAGEMENT STRATEGIES

9

C. REQUIREMENT OF MINIMUM INVESTORS IN THE SCHEME

10

D. SPECIAL CONSIDERATIONS

10

E. DUE DILIGENCE BY THE AMC

11

SECTION V - INFORMATION ABOUT THE SCHEME

12

A. TYPE OF THE SCHEME

12

B. WHAT IS THE INVESTMENT OBJECTIVE OF THE SCHEME?

12

C. HOW WILL THE SCHEME ALLOCATE ITS ASSETS?

12

D. WHERE WILL THE SCHEME INVEST?

15

E. WHAT ARE THE INVESTMENT STRATEGIES?

31

F. FUNDAMENTAL ATTRIBUTES

32

G. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE?

32

H. WHO WILL MANAGE THE SCHEME?

33

I. WHAT ARE THE INVESTMENT RESTRICTIONS?

33

J. HOW HAS THE SCHEME PERFORMED?

35

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

37

SECTION VI - UNITS AND OFFER

44

A. NEW FUND OFFER (NFO) DETAILS

44

B. ONGOING OFFER DETAILS

51

C. PERIODIC DISCLOSURES

59

D. COMPUTATION OF NAV

60

SECTION VII - FEES AND EXPENSES

61

A. NFO EXPENSES

61

B. ANNUAL SCHEME RECURRING EXPENSES

61

C. LOAD STRUCTURE

63

D. TRANSACTION CHARGE

63

SECTION VIII - RIGHTS OF UNITHOLDERS

64

SECTION IX - PENALTIES AND PENDING LITIGATION

64

3

SECTION I - HIGHLIGHTS/SUMMARY OF THE SCHEME

Investment Objective

The investment objective of the Scheme is to seek capital appreciation by managing the asset allocation between specified equity mutual funds schemes and debt mutual funds schemes of DSP BlackRock Mutual Fund.

Underlying Funds/Schemes

Plan Available under the Scheme Options available under each plans of the Scheme

Minimum Application Amount (First purchase during New Fund Offer and continuous/ongoing Offer) Minimum Application Amount (For subsequent purchase) Minimum installment for SIP Minimum installment for SWP/STP (Applicable only during continuous/ ongoing offer) Entry Load Exit Load (As a % of Applicable NAV)

Liquidity

Benchmark Index Transparency/NAV Disclosure

The Scheme will dynamically manage the asset allocation between the specified equity mutual funds schemes and debt mutual funds schemes of DSP BlackRock Mutual Fund based on the relative valuation of equity and debt markets. The Scheme may also invest a certain portion of its corpus in money market securities and/ or money market/liquid schemes of DSP BlackRock 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.

The Underlying Schemes for equity allocation would be DSP BlackRock Equity Fund (DSPBREF) and/ or DSP BlackRock Top 100 Equity Fund (DSPBRTEF) and/or DSP BlackRock Focus 25 Fund (DSPBRF25F) and/or DSP BlackRock Opportunities Fund (DSPBROF) and/or DSP BlackRock India T.I.G.E.R Fund (The Infrastructure Growth and Economic Reforms Fund) (DSPBRITF) whereas the Underlying Schemes for debt allocation would be DSP BlackRock Strategic Bond Fund (DSPBRSBF) and/or DSP BlackRock Short Term Fund (DSPBRSTF) and/or DSP BlackRock Money Manager Fund (DSPBRMMF) and/or DSP BlackRock Banking & PSU Debt Fund (DSPBRBPDF) and/or DSP BlackRock Income Opportunities Fund (DSPBRIOF).

? Regular Plan ? Direct Plan

? Growth (Option A) * ? Dividend (Option B)

- Payout Dividend - Reinvest Dividend * default Option

Rs. 5,000/- and multiples of Re. 1/- thereafter

Rs. 1,000/- and multiples of Re. 1/- thereafter

Rs. 500/-

Rs. 500/-

Nil

Holding Period from date of allotment: ? Less than or equal to one year: 1% ? Greater than one year and less than or equal to two years: 0.5% ? Greater than two years: Nil Note: Switch of investment from the Regular Plan to Direct Plan shall be subject to applicable exit load, if any. In such cases, after the switch, in case of subsequent redemption or switch-out to another scheme, no exit load would be levied. No exit load shall be levied, in case of switch of investments from Direct Plan to Regular Plan.

The Mutual Fund will, not later than 5 Business Days from the date of allotment, commence redemption of Units of the Scheme, on an on?going basis. The Mutual Fund will endeavor to dispatch redemption proceeds within 5 Business Days from the date of acceptance of redemption request.

CRISIL Balanced Fund Index

The first NAV will be calculated and declared within 5 business days of allotment. NAV will be determined for every Business Day, except in special circumstances described under `Suspension of Sale and Redemption of units' in the SAI. The AMC will declare separate NAV under Regular Plan and Direct Plan of Scheme.

Also, full portfolio in the prescribed format will be disclosed by publishing in the newspapers or by sending to the Unit Holders within 1 month from the end of each half-year. The portfolio will also be displayed on the website of the Mutual Fund.

The monthly portfolio of Scheme shall be available in a user-friendly and downloadable format on the website viz. on or before the tenth day of succeeding month.

Note: Switch facility and the facility of SWP & STP are currently not available for transactions carried out through the stock exchange mechanism.

4

SECTION II - DEFINITIONS

Applicable NAV

Application Supported by Blocked Amount (ASBA)

The NAV applicable for purchase and redemption based on the time of the Business Day on which the subscription/redemption request is accepted.

ASBA is an application containing an authorization to a Self Certified Syndicate Bank (SCSB) to block the application money in the bank account maintained with the SCSB, for subscribing to a New Fund Offer.

AMC or Investment Manager or DSPBRIM

Beneficial owner

Business Day

Continuous Offer/Ongoing Offer

Consolidated Account Statement (CAS)

Custodian

Date/s of Allotment

Depository

Depository Participant/DP

Direct Plan

DSPBRBPDF DSPBRDAAF DSPBREF DSPBRF25F DSPBRIOF DSPBRITF DSPBRMMF DSPBROF DSPBRSBF DSPBRSTF DSPBRTEF Entry Load Exit Load FII

First time mutual fund investor

Fund of Funds/FOF

Investment Management Agreement

Mutual Fund

NAV

Non Business Day

DSP BlackRock Investment Managers Pvt. Ltd., the asset management company, set up under the Companies Act 1956, and authorized by SEBI to act as the asset management company to the schemes of DSP BlackRock Mutual Fund.

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 (i) Saturday and Sunday, (ii) a day on which the banks in Mumbai are closed, (iii) a day when the Underlying Scheme(s) is(are) closed for subscription/redemption, (iv) a day on which the sale and redemption of Units are suspended and (v) a day on which Reserve Bank of India is closed.

Offer of Units when the Scheme becomes available for subscription, after the closure of the New Fund Offer.

A statement containing details relating to all financial transactions made by an investor across all mutual funds viz. purchase, redemption, switch, dividend payout, dividend 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, with respect to the Units held in account statement (non-demat) form.

Citibank N. A., Mumbai branch, acting as a Custodian to the Scheme, or any other Custodian who is approved by the Trustee.

The date/s on which Units subscribed to during the New Fund Offer and Continuous Offer will be allotted.

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 Participant (DP) is an agent of the Depository which acts like an intermediary between the Depository and the investors. DP is an entity which is registered with SEBI to offer depository-related services.

Direct plan is a separate plan for investors who purchase/subscribe units in Schemes directly i.e. investments not routed through a distributor.

DSP BlackRock Banking & PSU Debt Fund

DSP BlackRock Dynamic Asset Allocation Fund

DSP BlackRock Equity Fund

DSP BlackRock Focus 25 Fund

DSP BlackRock Income Opportunities Fund

DSP BlackRock India T.I.G.E.R Fund (The Infrastructure Growth and Economic Reforms Fund)

DSP BlackRock Money Manager Fund

DSP BlackRock Opportunities Fund

DSP BlackRock Strategic Bond Fund

DSP BlackRock Short Term Fund

DSP BlackRock Top 100 Equity Fund

Load on purchase of Units

Load on redemption of Units

Foreign Institutional Investor, registered with SEBI under the Securities and Exchange Board of India (Foreign Institutional Investors) Regulations, 1995.

An investor who invests for the first time ever in any mutual fund either by way of subscription or systematic investment plan.

A mutual fund scheme that invests primarily in other schemes of the same mutual fund or other mutual funds.

The Agreement dated December 16, 1996 entered into between DSP BlackRock Trustee Company Private Limited and DSP BlackRock Investment Managers Pvt. Ltd., as amended from time to time.

DSP BlackRock Mutual Fund, a trust set up under the provisions of the Indian Trusts Act, 1882, and registered with SEBI vide Registration No. MF/036/97/7.

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) Regulations from time to time.

A day other than a Business Day.

5

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