DSP Merrill Lynch Mutual Fund schemes have been ranked as Five Star Funds at the ICRA Mutual Fund Awards 2008. Five Star Fund indicates performance among the top 10% in the relevant category for a one year / three year period ending December 31, 2007.

Past performance is no guarantee of future results.

The rank is an outcome of an objective and comparative analysis against various parameters, including: risk adjusted return, fund size, company concentration, portfolio turnover and liquidity. The ranking methodology did not take into account entry and exit loads imposed by the Fund.

• There were 40 schemes considered in the 'Open Ended Diversified Equity - Aggressive' category for the ranking exercise for DSP Merrill Lynch India T.I.G.E.R. Fund (1 yr).
• There were 7 schemes considered in the 'Open Ended Sectoral - Technology' category for the ranking exercise for DSP Merrill Lynch Technology.com Fund (1 yr).
• There were 31 schemes considered in the 'Open Ended Diversified Equity - Aggressive' category for the ranking exercise for DSP Merrill Lynch India T.I.G.E.R. Fund (3 yr).
• There were 7 schemes considered in the 'Open Ended Sectoral - Technology' category for the ranking exercise for DSP Merrill Lynch Technology.com Fund (3 yr).

The rank is neither a certificate of statutory compliance nor any guarantee on the future performance of DSP Merrill Lynch India T.I.G.E.R. Fund or DSP Merrill Lynch Technology.com Fund. Rank assigned by ICRA Limited (ICRA) / ICRA Online Limited (ICRA Online)

Statutory Details: DSP Merrill Lynch Mutual Fund was set up as a Trust by the settlors, DSP Merrill Lynch Ltd. (DSPML) and Merrill Lynch Investment Managers LP, USA. Sponsors: DSPML, DSP HMK Holdings Pvt. Ltd. and DSP ADIKO Holdings Pvt. Ltd. (collectively) (Liability restricted to Rs. 1 lakh). Trustee: DSP Merrill Lynch Trustee Company Pvt. Ltd. Investment Manager: DSP Merrill Lynch Fund Managers Ltd.

DSPML India T.I.G.E.R. Fund (The Infrastructure Growth and Economic Reforms Fund) is an open ended equity Scheme (DSPMLITF), seeking to generate capital appreciation from a portfolio constituted of equity securities and equity related securities of corporates, which could benefit from structural changes brought about by continuing the liberalization in economic policies by the Government and/or from continuing investments in infrastructure, both by the public and private sector. Asset Allocation: Equity & equity related securities: 90%-100%; Debt, securitised debt & money market securities 0%-10%; ADR, GDR & foreign securities: 0%-25%.

DSPML Technology.com Fund (DSPMLTF)is an open ended growth Scheme, seeking to generate long term capital appreciation, and whose secondary objective is income generation and the distribution of dividend from a portfolio constituted of equity and equity related securities concentrating on the Investment Focus of the Scheme. Asset Allocation: Equity & equity related securities: 80%-100%; Fixed income securities (Debt & money market securities): 0%-20% (Debt securities/instruments are deemed to include securitised debts). Common Features: Minimum investment: Rs. 5,000/- and Rs 1,000/- thereafter (Reg. Plan)/Rs. 5 crore and Rs. 5 lakh thereafter (Inst. Plan), Entry load: (i) Nil for Direct Investments; (ii) For Regular Investments in Reg. Plan - 2.25% for investments < Rs. 5 crore and NIL for investments ≥ Rs. 5 crore; (iii) For SIP Investments in Regular Plan – 1.00%; (iv) In Institutional Plan. – NIL. Exit load (Regular Investments in Regular Plan): Holding Period < 6 months : 1%, Holding Period ≥ 6 months but < 12 months: 0.50%, Holding period ≥ 12 months: NIL; Inst. Plan - NIL, SIP – 1.25%, for holding period less than 2 years.

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 investment in 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/mutual fund does not indicate the future performance of the Scheme. Investors in the Scheme are not being offered a guaranteed or assured rate of return. The Scheme 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 within the prescribed time, the Scheme will be wound up and in case of breach of the aforesaid point (ii) at the end of the prescribed period, the investor's holding in excess of 25% of the corpus will be redeemed as per SEBI guidelines. DSPMLITF and DSPMLTF are the names of the Schemes and do not in any manner indicate the quality of the Schemes, their future prospects or returns. For risk factors related to trading in derivatives and overseas investments, and other scheme specific risk factors, please refer the Offer Document. For more details, please refer to the Key Information Memorandum cum Application Form, which is available at the ISC/Distributor. Please read the Offer Document before investing.