Income Opportunities Fund - Fixed Income Schemes

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Income Opportunities Fund Investment Objective An Open Ended income Scheme seeking to generate interest income through investments in acceptable floating rate assets commensurate with the credit risk. The Scheme may also invest in fixed rate debt securities.

This Fund is suitable for investors seeking*

Income over a medium-term investment horizon
Investment in money market and debt securities
Low Risk (Blue)

Asset Allocation

Floating rate debt securities* or money market securities: 65% to 100%; Fixed rate debt securities: 0% to 35% (*Debt securities may include securitized debts upto 60% of the net assets).

As on Jun 18, 2013

NAV Amount (Reg - Growth)	Chg	%Chg
19.0245	0.0137	0.0721

Fund Manager

Dhawal Dalal

As on May 31, 2013

Key Scheme Information

Launch Date:

May 13, 2003 (Regular Plan)
Oct 18, 2005 (Institutional Plan)

Scheme AUM

494.32 Cr.

Benchmark

CRISIL Liquid Fund Index

Plans

Regular Plan
Direct Plan

Options available under both plans

Growth
Dividend – Reinvest & Payout
Daily Dividend – Reinvest
Weekly Dividend – Reinvest & Payout
Monthly Dividend - Reinvest & Payout
Quarterly Dividend - Reinvest & Payout

Expense Ratio

Regular	1.83%
Direct	1.06%
Institutional	1.07%

Exit Load

Holding Period <= 9 months: 1%
Holding Period = > 9 months: Nil

Entry Load

Not Applicable

DSPBR_Income_Opportunities_Fund (11)

Portfolio as on May 31, 2013

Sr. No.	Name of Instrument	Rating / Industry	Market value (Rs. In lakhs)	% to Net Assets
	CENTRAL GOVERNMENT SECURITIES
1	08.20% CGL 2025	SOV	2,550.72	4.96%
2	08.07% CGL 2017	SOV	2,051.00	3.99%
	Total		4,601.72	8.95%

	DEBT INSTRUMENTS
	BOND & NCD's
	Listed / awaiting listing on the stock exchanges**
3	Peninsula Land	ICRA A	5,055.04	9.83%
4	Fullerton India Credit Company	ICRA AA+	2,524.94	4.91%
5	Reliance Utilities & Power	CRISIL AAA	2,052.06	3.99%
6	Housing Development Finance Corporation	CRISIL AAA	1,504.44	2.92%
7	Sterlite Industries ( India )	CRISIL AA+	1,033.92	2.01%
8	Power Finance Corporation	CRISIL AAA	1,003.58	1.95%
9	EID Parry India	CRISIL AA	1,002.08	1.95%
10	LIC Housing Finance	CRISIL AAA	961.23	1.87%
11	Shriram Transport Finance Company	CARE AA+	520.58	1.01%
12	Housing Development Finance Corporation	CRISIL AAA	505.97	0.98%
13	Infrastructure Development Finance Company	IND AAA	407.16	0.79%
14	Exim Bank	CRISIL AAA	404.93	0.79%
15	Rural Electrification Corporation	ICRA AAA	362.80	0.71%
16	Housing Development Finance Corporation	CRISIL AAA	304.34	0.59%
17	Power Finance Corporation	CRISIL AAA	303.17	0.59%
18	Housing Development Finance Corporation	CRISIL AAA	254.22	0.49%
19	National Housing Bank	CRISIL AAA	101.51	0.20%
	Total		18,301.97	35.58%

	Unlisted**
20	Murugappa Holdings	CRISIL AA	1,999.67	3.89%
	Total		1,999.67	3.89%

	MONEY MARKET INSTRUMENTS
	Certificate of Deposit**
21	Oriental Bank of Commerce	CRISIL A1+	4,703.14	9.14%
22	Oriental Bank of Commerce	CRISIL A1+	2,820.41	5.48%
23	State Bank of Hyderabad	ICRA A1+	2,354.66	4.58%
24	Oriental Bank of Commerce	CRISIL A1+	2,352.57	4.57%
	Total		12,230.78	23.77%

	Commercial Paper**
25	Morgan Stanley India Capital	IND A1+	4,669.43	9.08%
26	JM Financial Products	CRISIL A1+	4,652.22	9.04%
	Total		9,321.65	18.12%

	CBLO / Reverse Repo Investments		3,779.59	7.35%
	Total		3,779.59	7.35%

	Cash & Cash Equivalent
	Net Receivables/Payables		1,212.89	2.34%
	Total		1,212.89	2.34%
	GRAND TOTAL		51,448.27	100.00%