Change in fundamental attributes of DSP BlackRock Bond Fund

DSP BlackRock Mutual Fund has changed the investment strategy of DSPBR Bond Fund, with effect from November 29, 2014. The proposed investment strategy will be that the investment manager may invest in both the rated as well as unrated debt securities.

The investment will follow a top-down approach of investment by taking into account factors affecting interest rate environment over the medium term in India like FIIs flows, government's fiscal policy etc. The weighted average maturity of the scheme will remain between one year and twenty years based on the medium term interest rate outlook of the Investment Manager.

Earlier, investments were made in rated securities only or in unrated securities with prior approval of the Board of Directors and Trustee.

Existing investors, who do not wish to continue with the scheme, in view of the proposed change can exit from the scheme between October 30, 2014 and November 28, 2014.