Webinar with Zerodha – Kalpen Parekh

February 22, 2019

A brief about what's going on in the broader markets

The sharp correction in mid and small-caps, triggers, reasons for the divergence between
Nifty 50 and the small and the mid-cap indices and finally what should investors do in such
volatile scenarios.

Source – Internal, MFIE

Invest more when small cap and large cap returns look the same

Source – Internal, Bloomberg

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What's happening in the debt markets

How should investors approach their fixed income allocation comparing the historical bond
indices and what does it mean for investors.

Source – Internal, Bloomberg

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Spread between Gilt and Liquid funds. How should investors approach
debt investment portion of their portfolio.

Source – Internal, Bloomberg

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SIPs & ASSET ALLOCATION TRUMP VOLATILITY

Rebased
Longest Holding period for lump-sum investment with 8% CAGR
to 100 returns: 10 years 8 months

Longest Period of no returns:

6 years 1 month

Largest
drawdown to
Recovery:
2 years 8
months

Performance (CAGR terms) in different investments

Various periods in life of Diversified
Equity Fund* Lump-sum in Diversified Equity
SIP in Diversified Equity Fund* Lump-sum in Asset Allocation^
Fund*

Longest period of no returns (6 Yrs 1 M) 0.0% 9.4% 10.9%

Longest Period of 8% CAGR (10 Yrs 5 M) 8.0% 14.7% 9.8%

Largest drawdown to recovery (2 Yrs 8 M) 0.0% 36.7% 17.6%

Source – MFIE, Internal. All data is as on Oct 31, 2018 | *Average of Diversified Equity Funds with track record since 2000 | ^Yield Gap Model; Asset Allocation figures pertain to performance of the
model and do not in any manner indicate the returns/performance of any Scheme. | Past performance may not sustain in future and should not be used as a basis for comparison with other
investments. | Mutual Fund investments are subject to market risks, read all scheme related documents carefully

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Disclaimer

In this material DSP Investment 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. 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. 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.

Past performance may or may not be sustained in the future.

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 the AMC 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 DSP Mutual Fund.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully