DSP BlackRock US Flexible Equity Fund - NFO Presentation Prajna Capital - Call 94 8300 8300 Now!

1. Prajna CapitalNow!
Call 94 8300 8300
Call 94 8300 8300 Now!
NFO Period: July 17, 2012 to July 31, 2012
*
An Open Ended Fund Of Funds Scheme Investing In a US Equity Fund
(*The term “Flexible” in the name of the Scheme signifies that the Investment Manager of the Underlying Fund can
invest either in growth or value investment characteristic securities placing an emphasis as the market outlook warrants.)

2. DSP BlackRock US Flexible* Equity Fund
(USD 1.3 billion*)
Indian Investors
BlackRock Global Funds (BGF)
US Flexible Equity Fund
Accessing one of the Flagship funds of BlackRock in the category
Source: Internal; *AUM as at May 31, 2012. *The term “Flexible” in the name of the Scheme signifies that the Investment Manager of the Underlying Fund can invest either
in growth or value investment characteristic securities placing an emphasis as the market outlook warrants.
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3. Contents
• Why US equities?
- Access to the world’s largest equity market
- US Equities are a core component of global equity portfolios/indices
- Amongst the most well diversified markets
- Represents numerous global investment themes
- Resilient economy
• Why invest now?
- Attractive valuations
- Continued out-performance by US markets in recent times
- Global portfolios are overweight on US equities
- Strong corporate balance sheets
• Why DSP BlackRock US Flexible* Equity Fund?
- BGF US Flexible Equity Fund: A portfolio well-positioned
- BlackRock: World’s Largest Asset Management Company
*The term “Flexible” in the name of the Scheme signifies that the Investment Manager of the Underlying Fund can invest either in growth or
value investment characteristic securities placing an emphasis as the market outlook warrants.
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4. Why US equities?
Prajna Capital
Call 94 8300 8300 Now!

5. Access to the largest equity market in the world
Top 10 Equity Markets by Market Capitalization (US$ trillion)
18
15.7
16
14
12
USD trillion
10
8
6
4 3.3 3.0 2.9 2.9
1.8
2 1.4 1.2 1.1 1.1
0
US Japan UK China Hong Kong Canada France Germany Australia Brazil
US market capitalization is greater than those of the next 6 countries combined
Source: Bloomberg; as at May 31, 2012
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6. 0
25
50
75
100
0
25
50
75
100
MSCIACWI
MSCIACWI
S&P Global 1200
S&P Global 1200
Source: Internal, as at May 31, 2012
FTSE Developed
FTSE Developed
Index
Index
US as a % of Global Equity Indices
S&P Global 100
S&P Global 100
FTSE All World Index
FTSE All World Index
MSCI World
MSCI World
0
25
50
75
100
0
25
50
75
100
Information
Information
Technology
Technology
Healthcare
Healthcare
Consumer
Consumer
Discretionary
Discretionary
Consumer
Consumer
Staples
Staples
Utilities
Utilities
Industrials
Industrials
Energy
Energy
Financials
Financials
Global
Global
US Equities are a core component of global equity portfolios/ indices
Infrastructure
Infrastructure
US Equities have the largest allocation in every major global equity and sector index
Materials Sector
Materials Sector
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US as a % of Global Sector Indices (S&P Global Indices)

7. US is amongst the most well diversified markets
Cons. Cons.
MSCI Wt(%) Energy Materials Industrial Financial Pharma Tech Telecom Utilities Top 2
Disc Staples
US 10.7 3.6 10.1 11.9 11.2 14.0 11.7 20.0 3.2 3.7 34.0
Japan 1.6 6.9 20.8 20.0 6.7 17.4 6.7 12.1 4.4 3.5 40.8
UK 19.5 11.3 6.2 6.2 17.2 17.8 8.8 0.7 7.5 4.9 37.3
China 18.4 5.0 6.7 5.8 5.6 35.2 0.8 7.0 13.3 2.2 53.6
Hong Kong 0.0 0.0 10.9 13.7 0.0 59.8 0.0 1.3 0.5 13.8 73.6
Canada 26.4 19.3 6.0 3.8 3.2 33.7 1.8 1.2 3.3 1.2 60.1
France 12.6 7.3 15.8 13.3 12.3 13.3 12.2 3.1 5.7 4.5 29.0
Germany 0.0 15.9 13.9 18.4 4.3 16.0 12.0 8.7 3.8 7.1 34.4
Australia 6.8 23.9 4.8 1.7 8.9 46.1 3.9 0.4 2.0 1.6 69.9
Brazil 18.8 19.9 4.4 3.6 13.1 24.2 0.9 3.5 3.5 8.0 44.1
• All MSCI industry sectors are well represented in the US market
• The top 2 sectors – Financials & Technology – account for only ~34% of the US equity market
Source: CLSA Research; as at May 31, 2012
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8. Represents numerous global investment themes
Global Trend Investable Company
Themes Examples*
Apple Inc.
Technology
Google
Lifestyle Shifts
Microsoft
New Media
IBM
New Health Pfizer
Services Abbot Labs
Demographic Shifts
Johnson & Johnson
Economic Shift
Proctor & Gamble
Expedia
Niche Growth NASDAQ
Productivity Enhancement
McGraw Hill Companies
Market Theme
General Electric
US companies have exhibited unparalleled innovation to lead many global trends
*Company examples are for illustration purposes only, there is no guarantee that they will form a part of the portfolio of BGF US Flexible Equity Fund
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9. Prajna Capital
Prajna Capital
Resilient economy Call 94 8300 8300 Now!
Call 94 8300 8300 Now!
US unemployment rate
12
10
8
(%)
6
4
2
1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011
Significant decrease in unemployment numbers after each economic slowdown thereby
exhibiting economic resilience
Source: ISI. Data through December 2011.
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