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Date: 2025-11-04 Category: Not Applicable State: Union Government Country: India

DSP Nifty Midcap 150 ETF​

Issued by Securities and Exchange Board of India · Not Applicable

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Executive Summary & Key Takeaways

Okay, here's the summary of the provided Scheme Information Document, formatted according to your specifications: **Executive Summary** This document is the Draft Scheme Information Document for the DSP Nifty Midcap 150 ETF, an open-ended scheme replicating/tracking the Nifty Midcap 150 Index. The units are proposed to be listed on the National Stock Exchange of India Limited and BSE Limited. The NFO is subject to a minimum subscription amount of Rs. 5 crore. As of October 5, 2025, the Board of Trustees approved the scheme. **Key Points / Main Content** * **Scheme Overview:** * Scheme Name: DSP Nifty Midcap 150 ETF * Category: Exchange Traded Fund (ETF) * Investment Objective: To generate returns commensurate with the performance of the Nifty Midcap 150 Index, subject to tracking error. There is no assurance the investment objective will be achieved. * Benchmark: Nifty Midcap 150 TRI. Selected as per SEBI Master circular dated June 27, 2024. * **Risk Factors:** * The Riskometer indicates a "Very High" risk for the scheme. * Investors are subject to price risk, liquidity risk, redemption risk, and tracking error. The Scheme is also subject to additional concentration risk. * Investors should consult their financial advisor as to ascertain whether the scheme is suitable to their risk profile * **Investment Details:** * Units are offered at Rs. 10 each. * Units are compulsorily traded in dematerialized form. * The initial minimum application amount is Rs. 5,000 and in multiples of Re. 1 thereafter. * Additional purchases can be made in minimum lot of 1 unit * Exit Load: Nil for other than Creation Unit Size. No Exit load will be levied on redemptions made by Market Makers / Large Investors directly with the Fund in Creation Unit Size * Asset Allocation: Primarily in Equity and Equity Related Securities of Nifty Midcap 150 Index companies (95%-100%), with up to 5% in Cash and Cash Equivalents. * **Transaction Information** * Investors can subscribe (buy) and redeem (sell) Units on a continuous basis on the Stock Exchange on which the Units are listed * Large Investors can directly purchase / redeem in blocks from the fund in "Creation unit size” subject to the value of such transaction is greater than threshold of INR 25 Cr. * Financial transactions through email shall be accepted in terms of AMFI Best Practice Guidelines (BPG) no. 118/ 2024-25 dated January 31, 2025. * **Fees and Expenses:** * Estimated annual scheme recurring expenses are up to 1% of daily net assets of the scheme. * Stamp duty is levied at 0.005% of the investment amount on mutual fund unit purchase transactions. * Investors may also be charged for brokerage or other transaction costs * **Other Important Information:** * Timelines for deployment of funds collected in NFO will be made within 30 business days from the date of allotment of units. * Timelines for Dispatch of redemption proceeds within 3 Working Days from the date of acceptance of redemption request. **Impact Analysis** **Investors** * **Impact:** Investors are provided with information necessary for making an informed investment decision regarding the DSP Nifty Midcap 150 ETF. They are also subject to the risks associated with the Scheme. * **Action Required:** Investors should read the document carefully and consult with their financial advisors before investing. They must also contact the Investor Service Center or AMC for the latest Exit Load information prior to investing. **Distributors / Brokers** * **Impact:** Distributors/brokers must provide the addendum detailing the changes to the Scheme to all investors. * **Action Required:** They should circulate addendum detailing the changes to the SID and KIM to all new investors and should attach these to previously distributed documents. **AMC (DSP Asset Managers Private Limited)** * **Impact:** The AMC is responsible for managing the scheme in accordance with the stated objectives and regulatory guidelines. Any inability to deploy funds in 30 days in exceptional cases, has to be documented with reason and presented to the Investment Committee * **Action Required:** The AMC must ensure compliance with all SEBI regulations and disclose all required information on its website (www.dspim.com). AMC must also track indicators for direct redemption conditions and disclose them on their website. **Trustees (DSP Trustee Private Limited)** * **Impact:** The Trustees are responsible for overseeing the AMC's activities and ensuring that the scheme is managed in the best interests of the unit holders. * **Action Required:** The Trustees must ensure that the scheme is a new product and not a minor modification of an existing scheme.

Key Entities Referenced

SEBI (MF) Regulations, 1996: Regulations by the Securities and Exchange Board of India (SEBI) governing mutual funds; the document repeatedly refers to compliance with these regulations. Nifty Midcap 150 Index: The benchmark index that the DSP Nifty Midcap 150 ETF replicates or tracks; central to understanding the ETF's investment objective. DSP Mutual Fund: The entity issuing the DSP Nifty Midcap 150 ETF. Fund particulars. National Stock Exchange of India Limited: One of the stock exchanges on which the ETF's units are proposed to be listed, facilitating secondary market liquidity. BSE Limited: One of the stock exchanges on which the ETF's units are proposed to be listed, facilitating secondary market liquidity.
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DRAFT SCHEME INFORMATION DOCUMENT D S P N i f t y M i d c a p 1 5 0 E T F SO No. 01 (An open ended scheme replicating / tracking Nifty Midcap 150 Index ) Scrip Code BSE (To be inserted after listing of NSE the Scheme) Name of Mutual Fund : D S P Mutual Fund Name of Asset Management Company : DSP Asset Managers Private Limited Address of AMC : The Ruby, 25th Floor, 29, Senapati Bapat Marg, Dadar (West), Mumbai – 400028 Website of AMC : www.dspim.com Name of Trustee Company : DSP Trustee Private Limited Address of Trustee Company : The Ruby, 25th Floor, 29, Senapati Bapat Marg, Dadar (West), Mumbai – 400028 Name of the Scheme : DSP Nifty Midcap 150 ETF : Exchange Traded Fund (ETF) Category of Scheme Scheme Code : To be inserted at the time of launch SO No. 07 NFO open date : NFO close date : Scheme re-opens on : Offer of Units of Rs. 10 each, issued at a premium approximately equal to the difference between face value and Allotment Price during the New Fund Offer and at NAV based prices on an on-going basis Investment objective Scheme Riskometer Benchmark Riskometer SO No. 05 SO No. 03 Nifty Midcap 150 TRI DSP Nifty Midcap 150 ETF The investment objective of the Scheme is to generate returns that are commensurate with the performance of the Nifty Midcap 150 Index, subject to tracking error. There is no assurance that the investment objective of the Scheme will be achieved. (For latest Risk-o-meters, investors may refer on the website of the Fund viz. www.dspim.com) (The product labelling assigned during the New Fund Offer (NFO) is based on internal assessment of the Scheme Characteristics or model portfolio and the same may vary post NFO when actual investments are made) Investors are advised to refer to the Statement of Additional Information (SAI) for details of the DSP Mutual Fund, Standard Risk Factors, Special Considerations, Tax and Legal issues and other general information on www.dspim.com. 1The particulars of the Scheme have been prepared in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations 1996, (herein after referred to as SEBI (MF) Regulations) as amended till date and circulars issued thereunder filed with SEBI. The units being offered for public subscription have not been approved or recommended by SEBI nor has SEBI certified the accuracy or adequacy of the Scheme Information Document. The Scheme Information Document sets forth concisely the information about the scheme that a prospective investor ought to know before investing. Before investing, investors should also ascertain about any further changes to this Scheme Information Document after the date of this Document from the Mutual Fund / Investor Service Centres / Website / Distributors or Brokers. SAI is incorporated by reference (is legally a part of the Scheme Information Document). For a free copy of the current SAI, please contact your nearest Investor Service Centre or log on to our website. The Scheme Information Document should be read in conjunction with the SAI and not in isolation. This Draft Scheme Information Document is dated ________. 2BSE Disclaimer: BSE Limited (“the Exchange”) has given vide its letter no. LO/IPO/AP/MF/IP/50/2025-26 dated October 09, 2025, permission to DSP Mutual Fund to use the Exchange’s name in this SID as one of the Stock Exchanges on which this Mutual Fund’s Unit are proposed to be listed. The Exchange has scrutinized this SID for its limited internal purpose of deciding on the matter of granting the aforesaid permission to DSP Mutual Fund. The Exchange does not in any manner: i) warrant, certify or endorse the correctness or completeness of any of the contents of this SID; or ii) warrant that this scheme’s unit will be listed or will continue to be listed on the Exchange; or iii) take any responsibility for the financial or other soundness of this Mutual Fund, its promoters, its management or any scheme or project of this Mutual Fund; and it should not for any reason be deemed or construed that this SID has been cleared or approved by the Exchange. Every person who desires to apply for or otherwise acquires any unit of DSP Nifty Midcap 150 ETF of this Mutual Fund may do so pursuant to independent inquiry, investigation and analysis and shall not have any claim against the Exchange whatsoever by reason of any loss which may be suffered by such person consequent to or in connection with such subscription / acquisition whether by reason of anything stated or omitted to be stated herein or for any other reason whatsoever. NSE Disclaimer: As required, a copy of this Scheme Information Document has been submitted to National Stock Exchange of India Limited (hereinafter referred to as NSE). NSE has given vide its letter no. NSE/LIST/5924 dated October 09, 2025, permission to the Mutual Fund to use the Exchange's name in this Scheme Information Document as one of the stock exchanges on which the Mutual Fund's units are proposed to be listed subject to, the Mutual Fund fulfilling various criteria for listing. The Exchange has scrutinized this Scheme Information Document for its limited internal purpose of deciding on the matter of granting the aforesaid permission to the Mutual Fund. It is to be distinctly understood that the aforesaid permission given by NSE should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE; nor does it in any manner warrant, certify or endorse the correctness or completeness of any of the contents of this Scheme Information Document; nor does it warrant that the Mutual Fund's units will be listed or will continue to be listed on the Exchange; nor does it take any responsibility for the financial or other soundness of the Mutual Fund, its sponsors, its management or any scheme of the Mutual Fund. Every person who desires to apply for or otherwise acquire any units of the Mutual Fund may do so pursuant to independent inquiry, investigation and analysis and shall not have any claim against the Exchange whatsoever by reason of any loss which may be suffered by such person consequent to or in connection with such subscription /acquisition whether by reason of anything stated or omitted to be stated herein or any other reason whatsoever. 3TABLE OF CONTENTS HIGHLIGHTS/SUMMARY OF THE SCHEME 5 Benchmark (Total Return Index) ............................................................................................ 5 Plan and Options .............................................................................................................. 5 Load Structure ................................................................................................................ 5 Minimum Application Amount/switch in ................................................................................... 6 Minimum Additional Purchase Amount ..................................................................................... 7 Minimum Redemption/switch out amount ................................................................................ 7 Tracking Error ................................................................................................................. 7 Tracking Difference .......................................................................................................... 8 Computation of NAV .......................................................................................................... 8 Asset Allocation ............................................................................................................... 8 Fund Manager details ........................................................................................................ 16 Annual Scheme Recurring Expenses ....................................................................................... 16 Transaction charges and stamp duty ...................................................................................... 16 Information available through weblink ................................................................................... 16 How to Apply and other details ............................................................................................ 17 Where can applications for subscription/redemption/ switches be submitted ..................................... 17 Specific attribute of the scheme .......................................................................................... 18 Special product/facility available during the NFO and on ongoing basis ............................................ 18 Segregated portfolio/side .................................................................................................. 19 pocketing disclosure ......................................................................................................... 19 Stock lending/short selling ................................................................................................. 19 Swing pricing disclosure .................................................................................................... 19 New Fund Offer Period ...................................................................................................... 19 New Fund Offer Price ....................................................................................................... 19 New Fund Offer (NFO) Expenses ........................................................................................... 19 Requirement of Minimum Investors in the Scheme ..................................................................... 19 Introduction to Exchange Traded Funds .................................................................................. 20 4HIGHLIGHTS/SUMMARY OF THE SCHEME Sr. Title Description No. I. Be nchmark (Total • Benchmark of the Scheme- Nifty Midcap 150 TRI Return Index) • Justification- The benchmark has been selected as per required under Clause no. 1.9 as per SEBI Master circular dated June 27, 2024. The corpus of the Scheme will be invested in all the stocks Nifty Midcap 150 Index, in same weightage of the Index. The Scheme would endeavor to attain returns comparable to Nifty Midcap 150 TRI , subject to the tracking error. The Benchmark has been chosen on the basis of the investment pattern/objective of the scheme and the composition of the index. Second Tier Benchmark- Not Applicable II. Pla n and Options Presently the Scheme does not offer any Plans/Options under the Scheme. The AMC/Trustee reserves the right to introduce Plan(s)/Option(s) as may be deemed appropriate at a later date. III. Lo ad Structure Exit Load: Exit Load is an amount which is paid by the investor to redeem the units from the scheme. Load amounts are variable and are subject to change from time to time. For the current applicable structure, please refer to the website of the AMC (www.dspim.com) or may call at (toll free no. 1800 208 4499 or 1800 200 4499) or your distributor. Load Chargeable (as % of NAV)- For Creation Unit Size: No Exit load will be levied on redemptions made by Market Makers / Large Investors directly with the Fund in Creation Unit Size. For other than Creation Unit Size: Nil The Units of the Scheme in other than Creation Unit Size cannot be directly redeemed with the Fund. These Units can be redeemed (sold) on a continuous basis on the Stock Exchange(s) during the trading hours on all trading days. The Trustee / AMC reserve the right to change / modify the exit load on a future date on prospective basis. The units of the scheme are compulsorily traded in dematerialized form, and hence, there shall be no entry/exit load for the units purchased or sold through stock exchanges. However, the investor shall have to bear costs in form of bid/ask spread or brokerage or such other cost as charged by his broker for transacting in units of the scheme through secondary market Investors may note that the Trustee has the right to modify the existing load structure, subject to a maximum as prescribed under the SEBI (MF) Regulations. Any imposition or enhancement in the load shall be applicable on prospective investments only. At the time of changing the load structure, the AMC shall consider the following measures to avoid complaints from investors about investment in the schemes without knowing the loads: (i) Addendum detailing the changes will be attached to the SID and Key Information Memorandum (KIM). The addendum shall be circulated to all the distributors/brokers so that the same can be attached to SID and KIM already in stock. (ii) Arrangements will be made to display the addendum to the SID in the form of a notice in all the ISCs/offices of the AMC/Registrar. 5Investors are advised to contact any of the Investor Service Centers or the AMC to know the latest position on Exit Load structure prior to investing in the Scheme. IV. Mi nimum • During NFO: Rs.5,000 and in multiples of Re. 1/- thereof. Application • On Continuous basis – Amount/switch in On an Ongoing basis the transaction requests (applicable for Market Makers/Large Investors) can be submitted at the head office of the AMC. In case the applications are received at any of the branch offices of the AMC, such branch office shall facilitate in sending the transaction requests to the head office of the AMC. A. On The Exchange: Investors can subscribe (buy) and redeem (sell) Units on a continuous basis on the Stock Exchange on which the Units are listed. Subscriptions made through Stock Exchanges will be made by specifying the number of Units to be subscribed and not the amount to be invested. On the Stock Exchange(s), the Units of the Scheme can be purchased/sold in minimum lot of 1 (one) Unit and in multiples thereof. B. Directly from the Fund: The Scheme offers for subscriptions/redemptions only for Market Makers and Large Investors in “Creation Unit Size” on all Business Days. Additionally, the difference in the value of portfolio and cost of purchase/sale of Portfolio Deposit on the Exchange for creation/redemption of Units of the Scheme including the Cash Component and transaction handling charges, if any, will have to be borne by the Market Maker/Large Investor. The Fund creates/redeems Units of the Scheme in large size known as “Creation Unit Size”. Each “Creation Unit” consists of 4,00,000 Units of the Scheme . The value of the “Creation Unit” is the “Portfolio Deposit” and a “Cash Component” which will be exchanged for 4,00,000 Units of the Scheme and/or subscribed in cash equal to the value of said predefined units of the Scheme. The Portfolio Deposit and Cash Component for the Scheme may change from time to time. The subscription/redemption of Units of the Scheme in Creation Unit Size will be allowed both by means of exchange of Portfolio Deposit and by cash. The Fund may from time to time change the size of the Creation Unit in order to equate it with marketable lots of the underlying instruments. C. Large Investors: Large Investors can directly purchase / redeem in blocks from the fund in “Creation unit size” subject to the value of such transaction is greater than threshold of INR 25 Cr. (Twenty-Five crores) and such other threshold as prescribed by SEBI from time to time. However, the aforementioned threshold of INR 25 Cr. shall not apply to investors falling under the following categories (until such time as may be specified by SEBI/AMFI): a. Schemes managed by Employee Provident Fund Organisation, India; b. Recognised Provident Funds, approved Gratuity funds and approved superannuation funds under Income Tax Act, 1961. 6V. Mi nimum Directly with Fund: Additional a) Market Makers: Purchase Amount Market Makers can directly purchase in blocks from the fund in “Creation unit size” on any business day. b) Large Investors: Large Investors can directly purchase in blocks from the fund in “Creation unit size” on any business day subject to the value of such transaction is greater than threshold of INR 25 Cr. (Twenty-Five crores) and such other threshold as prescribed by SEBI from time to time. On the Exchange – The units of the Scheme can be purchased in minimum lot of 1 unit and in multiples thereof. VI. Mi nimum Directly with Fund: Redemption/switch a) Market Makers: out amount Market Makers can directly redeem in blocks from the fund in “Creation unit size” on any business day. b) Large Investors: Large Investors can directly redeem in blocks from the fund in “Creation unit size” on any business day subject to the value of such transaction is greater than threshold of INR 25 Cr. (Twenty-Five crores) and such other threshold as prescribed by SEBI from time to time. On the Exchange – The units of the Scheme can be sold in minimum lot of 1 unit and in multiples thereof. VII. Tr acking Error Tracking Error may arise due to reasons including but not limited to the following: - a. Expenditure incurred by the fund. b. The holding of a cash position and accrued income prior to distribution of income and payment of accrued expenses. The fund may not be invested at all times as it may keep a portion of the funds in cash to meet redemptions or for corporate actions. c. Securities trading may halt temporarily due to circuit filters. d. Corporate actions such as debenture or warrant conversion, rights, merger, change in constituents etc. e. Rounding off of quantity of shares in underlying index. f. Dividend payout. g. Disinvestments to meet redemptions, recurring expenses, IDCW payouts etc. h. Execution of large buy / sell orders i. Transaction cost (including taxes and insurance premium) and recurring expenses j. Realization of Unit holder’s funds It will be the endeavor of the fund manager to keep the tracking error as low as possible. Under normal circumstances, such tracking error is not expected to exceed 2% per annum. However, in case of events like, dividend received from underlying securities, rights issue from underlying securities, and market volatility during rebalancing of the portfolio following the rebalancing of the underlying index, etc. or in abnormal market circumstances and force majeure which are beyond the control of the AMC, the tracking error may exceed 2% and the same shall be brought to the notice of the Board of Trustees with the corrective actions taken by the AMC, if any. There can be no assurance or guarantee that the Scheme will achieve any particular level of tracking error relative to performance of the Index. 7Tracking Error of the Schemes based on past one year rolling data, shall be disclosed on a daily basis, on the website of AMC i.e. www.dspim.com and AMFI. Regular Plan Direct Plan Presently the Scheme does not offer Presently the Scheme does not offer any Plan any Plan VIII. Tr acking T racking Difference is defined as the annualized difference of daily returns Difference between the index and the NAV of the ETF Schemes. The Tracking difference shall be targeted to be 50 bps (over and above actual TER charged). In case the same is not maintained, it shall be brought to the notice of trustees along with corrective actions taken by the AMC, if any. Tracking difference of the Scheme shall be disclosed on the website of the AMC i.e. www.dspim.com and AMFI, on a monthly basis, for tenures 1 year, 3 year, 5 year, 10 year and since the date of allotment of units. Regular Plan Direct Plan Presently the Scheme does not offer Presently the Scheme does not offer any Plan any Plan IX. Co mputation of Th e NAV of the Units of a Scheme will be computed by dividing the net assets NAV of the Scheme by the number of Units outstanding on the valuation date. NAV of Units under each Scheme may be calculated by either of the following methods shown below: Market or Fair Value of Scheme’s investments + Current Assets - Current Liabilities and Provisions NAV Per Unit (Rs.) = No. of Units outstanding under the Scheme Detailed disclosure on computation of NAV is provided on (link for the same will be mentioned) X. As set Allocation This Scheme tracks Nifty Midcap 150 Index Under normal circumstances, it is anticipated that the asset allocation of the Scheme shall be as follows: Indicative allocations (% of total assets) Instruments Maximu Minimum m Equity and Equity Related Securities of companies 95% 100% constituting Nifty Midcap 150 Index, the Underlying Index Cash and Cash Equivalents@ 0% 5% @ As per SEBI letter no. SEBI/HO/ IMD-II/DOF3/ OW/P/ 2021/ 31487 / 1 dated SO No. 13 November 03, 2021, Cash and Cash Equivalents will include following securities & 21 having residual maturity of less than 91 Days: 1. TREPS, 2. Treasury Bills, 3. Government securities, and 4. Repo on Government Securities and any other securities as may be allowed under the regulations prevailing from time to time subject to the regulatory approval, if any. Indicative table (Actual instrument/percentages may vary subject to applicable SEBI circulars): 8Sl. Type of Instrument Percentage of Circular references SO No. 18, no exposure 19 & 20 1. Securities Lending Upto 20% (5% for Clause 12.11 of the single SEBI Master Circular intermediary) 2. Derivatives (Equity) Upto 20% Clause 12.25 of the SEBI Master Circular 3. Equity Derivatives for non- Upto 20% Clause 12.25 of the hedging purposes SEBI Master Circular 4. Securitized Debt Nil - 5. Debt Instruments with SO / CE Nil - rating 6. Overseas Securities/ADR/GDR Nil - 7. REITs Based on - allocation in the underlying Index 8. InvITs Nil - 9. Debt Instruments with special Not Applicable - features (AT1 and AT2 Bonds) 10. Tri-party repos (including Upto 5% - Reverse Repo in T-bills/G-Sec) 11. Other / own mutual funds Nil - 12. Repo/ reverse repo transactions Nil - in corporate debt securities 13. Credit Default Swap Nil - transactions 14. Covered call option Nil - 15. Unrated debt & money market Not Applicable - instruments (except G-Secs, T- Bills and other money market instruments) 16. Short Selling Not Applicable - 17. Short Term Deposits Refer Note 1 Clause 12.16 of SEBI Master Circular 18. Unlisted debt instrument Not Applicable - 19. Bespoke or complex debt Not Applicable - products 20. Debt derivatives Not Applicable - 21. Plain Vanilla debt securities Nil - 22. Physical commodities and Nil - exchange traded commodity Derivatives Indicative table is subset of primary asset allocation table mentioned above and both shall be read in conjunction. Note 1: Investments in Short Term Deposits: 9Pending deployment of funds of the Scheme, the AMC may invest funds of the Scheme in short-term deposits of scheduled commercial banks, subject to the following conditions issued by SEBI vide clause 12.16 of SEBI Master Circular: 1. “Short Term” for parking of funds shall be treated as a period not exceeding 91 days. 2. Such short-term deposits shall be held in the name of the Scheme. 3. The Scheme shall not park more than 15% of their net assets in the short term deposit(s) of all the scheduled commercial banks put together. However, it may be raised to 20% with the prior approval of the Trustee. Also, parking of funds in short term deposits of associate and sponsor scheduled commercial banks together shall not exceed 20% of total deployment by the Mutual Fund in short term deposits. 4. The Scheme shall not park more than 10% of their net assets in short term deposit(s) with any one scheduled commercial bank including its subsidiaries. 5. The Trustee shall ensure that the funds of the Scheme are not parked in the short term deposits of a bank which has invested in the Scheme. 6. The Trustee shall also ensure that the bank in which a scheme has short term deposits do not invest in the scheme until the scheme has short term deposits with such bank. 7. AMC will not charge any investment management and advisory fees for parking of funds in short term deposits of scheduled commercial banks. The above provisions do not apply to term deposits placed as margins for trading in cash and derivative market. The underlying index shall comply with the below restrictions in line with clause 3.4 of SEBI Master circular: a) The index shall have a minimum of 10 stocks as its constituents. b) For a sectoral/ thematic Index, no single stock shall have more than 35% weight in the index. For other than sectoral/ thematic indices, no single stock shall have more than 25% weight in the index. c) The weightage of the top three constituents of the index, cumulatively shall not be more than 65% of the Index. d) The individual constituent of the index shall have a trading frequency greater than or equal to 80% and an average impact cost of 1% or less over previous six months. The net assets of the scheme will be invested in stocks constituting Nifty Midcap 150 Index. This would be done by investing in all the stocks comprising the Nifty Midcap 150 Index in the same weightage that they represent in the Nifty Midcap 150 Index. A small portion of the net assets will be invested in Cash and Cash Equivalents. Index futures/options are meant to be an efficient way of buying/selling an index compared to buying/selling a portfolio of physical shares representing an index for ease of execution and settlement. It can help in reducing the Tracking Error in the Scheme. Index futures/options may avoid the need for trading in individual components of the index, which may not be possible at times, keeping in mind the circuit filter system and the liquidity in some of the individual stocks. Equity Derivatives can be used as a tool for cash equitization and where the fund has got cash (within the maximum permissible asset allocation table), in case where rebalance comes, then instead of cash, index contract can be used for temporary basis. Index futures/options can also be helpful in reducing the transaction costs and the processing costs on account of ease of execution of one trade compared to several trades of shares comprising the underlying index and will be easy to settle compared to physical portfolio of shares representing the underlying index. In case of investments in index futures/options, the risk/reward would be the same as investments in portfolio of shares representing an index. However, there may be a cost attached to 10buying an index future/option. The Scheme will not maintain any leveraged or trading positions. In accordance with clause 12.11 of SEBI Master Circular, the Scheme will not generally deploy more than 20% of its net assets in stock lending and not more than 5% of its net assets through a single intermediary (i.e the limit of 5% will be at broker level). Timelines for deployment of funds collected in NFO In line with SEBI circular no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2025/23 dated February 27, 2025, deployment of the funds garnered in an NFO shall be made within 30 business days from the date of allotment of units. In an exceptional case, if the AMC is not able to deploy the funds in 30 business days, reasons in writing, including details of efforts taken to deploy the funds, shall be placed before the Investment Committee. The Investment Committee, after examining the root cause for delay may extend the timeline by 30 business days. Calculation of gross exposure: As per clause 12.24 of SEBI Master Circular, the cumulative gross exposure through equity, derivative position and other permitted securities/ asset class as may be permitted by the Board from time to time subject to regulatory SO No. approvals, if any shall not exceed 100% of the net assets of the scheme. Cash 14 &17 and cash equivalents as per SEBI letter no. SEBI/HO/ IMD-II/DOF3/ OW/P/ 2021/ 31487 / 1 dated November 03, 2021 which includes T-bills, Government Securities, Repo on Government Securities and any other securities as may be allowed under the regulations prevailing from time to time subject to the regulatory approval, if any, having residual maturity of less than 91 Days, shall not be considered for the purpose of calculating gross exposure limit Numerical example of risk involved 1. Futures A futures contract is a standardized contract between two parties where one of the parties commits to sell, and the other to buy, a stipulated quantity of a security at an agreed price on or before a given date in future. Currently, futures contracts have a maximum expiration cycle of 3 months. Three contracts are available for trading, with 1 month, 2 months and 3 months expiry respectively. A new contract is introduced on the next trading day following the expiry of the relevant monthly contract. Futures contracts typically expire on the last Thursday of the month. For example a contract with the June 2022 expiration expires on the last Thursday of June 2022 (June 30, 2022). Basic Structure of an Index Future The Stock Index futures are instruments designed to give exposure to the equity markets indices. The Stock Exchange, Mumbai (BSE) and The National Stock Exchange (NSE) have trading in index futures of 1, 2 and 3 month maturities. The pricing of an index future is the function of the underlying index and short- term interest rates. Index futures are cash settled, there is no delivery of the underlying stocks. 11Example using hypothetical figures to understand risk & returns from trading in derivative futures: 1-month ABC Index Future If the Scheme buys 2,000 futures contracts, each contract value is 50 times the futures index price.  Purchase Date : June 01, 2022  Spot Index : 13,800.00  Futures Price : 13,900.00  Date of Expiry : June 30, 2022  Number of Futures Contracts: 2,000  Contract Value: 50 × Futures Index Price  Total Margin Requirement: 10% × 13,900 × 2,000 × 50 = ₹1,390,000,000 (provided in eligible securities and/or cash) Assuming the exchange imposes a total margin of 10%, the Investment Manager will be required to provide a total margin of approx. Rs. 1390,000,000 (i.e. 10%*13900*2000*50) through eligible securities and cash. Assuming on the date of expiry, i.e. June 30, 2022, 1. ABC Index closes at 13950, the net impact will be a profit of Rs. 5,000,000 for the Scheme, i.e. futures expiry prices reduced by futures purchase price i.e. (13950-13900)*2000*50 Profits for the Scheme = (13950-13900) * 2000*50 = Rs. 5,000,000. 2. Alternatively, If the closing index price on expiry is 13,850 instead, the Scheme will incur losses, i.e. futures purchase prices reduced by futures expiry price i.e. (13,850 – 13,900)* 2,000*50 Loss for the scheme = –₹5,000,000 loss. (Futures price = Closing spot price = Rs. 13950.00) Please note that the above example is given for illustration purposes only. Some assumptions have been made for the sake of simplicity. The net impact for the Scheme will be in terms of the difference of the closing price of the index and cost price. Thus, it is clear from the above example that the profit or loss for the Scheme will be the difference between the closing price (which can be higher or lower than the purchase price) and the purchase price. The risks associated with index futures are similar to those associated with equity investments. Additional risks could be on account of illiquidity and potential mis-pricing of the futures. Basic Structure of a Stock Future A futures contract on a stock gives its owner the right and obligation to buy or sell stocks. Single Stock Futures traded on NSE (National Stock Exchange) are physically settled; on the expiration day, depending upon the side of the trade, security is either delivered or received against the payment. A purchase or sale of futures on a security gives the trader essentially the same price exposure as a purchase or sale of the security itself. In this regard, trading stock futures is no different from trading the security itself. Example using hypothetical figures: The Scheme holds shares of XYZ Ltd., the current price of which is Rs. 500 per share. The Scheme sells one month futures on the shares of XYZ Ltd. at the rate of Rs. 540. 12If the price of the stock falls, the Mutual Fund will suffer losses on the stock position held. However, in such a scenario, there will be a profit on the short futures position. At the end of the period, the price of the stock falls to Rs. 450 and this fall in the price of the stock results in a fall in the price of futures to Rs. 470. There will be a loss of Rs. 50 per share (Rs. 500 - Rs. 450) on the holding of the stock, which will be offset by the profits of Rs. 70 (Rs. 540 - Rs. 470) made on the short futures position. Please note that the above example is given for illustration purposes only. Some assumptions have been made for the sake of simplicity. Certain factors like margins and other related costs have been ignored. The risks associated with stock futures are similar to those associated with equity investments. Additional risks could be on account of illiquidity and potential mis-pricing of the futures. 2. Options An option gives a person the right but not an obligation to buy or sell something. An option is a contract between two parties wherein the buyer receives a privilege for which he pays a fee (premium) and the seller accepts an obligation for which he receives a fee. The premium is the price negotiated and set when the option is bought or sold. A person who buys an option is said to be long in the option. A person who sells (or writes) an option is said to be short in the option. An option contract may be of two kinds: 1) Call option An option that provides the buyer the right to buy is a call option. The buyer of the call option can call upon the seller of the option and buy from him the underlying asset at the agreed price. The seller of the option has to fulfill the obligation upon exercise of the option. 2) Put option The right to sell is called a put option. Here, the buyer of the option can exercise his right to sell the underlying asset to the seller of the option at the agreed price. Option contracts are classified into two styles: (a) European Style In a European option, the holder of the option can only exercise his right on the date of expiration only. (b) American Style In an American option, the holder can exercise his right anytime between the purchase date and the expiration date. Basic Structure of an Equity Option In India, options contracts on indices and stocks are European style and physically settled Example using hypothetical figures to understand risk & returns from trading in derivative options: Market type : N Instrument Type : OPTSTK Underlying : XYZ Ltd. (XYZ) Purchase date : June 1, 2022 Expiry date : June 30, 2022 Option Type : Put Option (Purchased) 13Strike Price : Rs. 5,750.00 Spot Price : Rs. 5,800.00 Premium : Rs. 200.00 Lot Size : 100 No. of Contracts : 50 Say, the Mutual Fund purchases on June 1, 2022, 1 month Put Options on XYZ Ltd. (XYZ) on the NSE i.e. put options on 5000 shares (50 contracts of 100 shares each) of XYZ. If the share price of XYZ Ltd. falls to Rs. 5,500 /- on June 30, 2022 and the Investment Manager decides to exercise the option, the impact will be as Follows: Premium Expense = Rs. 200 * 50 * 100 = Rs. 10, 00,000/- Stocks to be given at = Rs. 5,750/- Profits for the Mutual Fund= (5,750.00-5,500.00)*50*100 = Rs. 12, 50,000/- Net Profit = Rs. 12, 50,000 - Rs. 10,00,000 = Rs. 2,50,000/- In the above example, the Investment Manager hedged the market risk on 5000 shares of XYZ Ltd. by purchasing put options. Loss Scenario – 1. Option Expires Worthless If on June 30, 2022, XYZ Ltd. closes at ₹5,760 or higher: • The put option will have no intrinsic value (because market price > strike price). • The Mutual Fund will not exercise the option. • Total Loss = Premium Paid = ₹10,00,000. 2. Price Falls, But Not Enough to Cover Premium If on expiry the stock closes at ₹5,700: • Intrinsic Value per share = ₹5,750 – ₹5,700 = ₹50 • Total Gain from Option = ₹50 × 50 × 100 = ₹2,50,000 • Net Result = ₹2,50,000 – ₹10,00,000 = –₹7,50,000 Loss Please note that the above example is given for illustration purposes only. Some assumptions have been made for the sake of simplicity. Certain factors like margins have been ignored. The purchase of Put Options does not increase the market risk in the Mutual Fund as the risk is already in the Mutual Fund’s portfolio on account of the underlying asset position (in his example shares of XYZ Ltd.). The Premium paid for the option is treated as an expense and added to the holding cost of the relevant security. Additional risks could be on account of illiquidity and potential mis-pricing of the options. Exposure to Equity Derivatives: i. Position limit for the Mutual Fund in index options contracts: At each PAN level, derivative exposure for Mutual Funds are capped at: Net End-of-Day FutEq OI: ₹1,500 crore Gross End-of-Day FutEq OI (long + short): ₹10,000 crore Future Equivalent open interest (FutEq OI) is Gross addition of such net Delta adjusted open positions ii. Position limit for the Mutual Fund in index futures contracts: a. The position limits of Trading members in equity index futures contracts is higher of Rs.7500 crores or 15% of the total open interest in the market and for FPIs (Category I) / Mutual Funds in equity index futures contracts is higher of Rs.500 crores or 15% of the total open interest in the market index futures contracts. This limit is applicable on open positions in all futures contracts on a particular underlying index. 14iii. Position limit for the Mutual Fund for stock based derivative contracts: The position limits of Trading members / FPIs (Category I) / Mutual Funds in individual stocks is related to the market-wide position limit for the individual stocks. The combined futures and options position limit shall be 20% of the applicable Market Wide Position Limit (MWPL). iv. Other Position limit for the Scheme: The position limits for the Scheme and disclosure requirements are as follows: a. For stock option and stock futures contracts, the gross open position across all derivative contracts on a particular underlying stock of a scheme of a Fund shall not exceed the higher of 1% of free float market capitalization (in terms of number of shares). Or 5% of the open interest in the derivative contracts on a particular underlying stock (in terms of number of contracts). b. This position limit shall be applicable on the combined position in all derivative contracts on a underlying stock at a Stock Exchange. c. For index based contracts, the Mutual Fund shall disclose the total open interest held by its scheme or all schemes put together in a particular underlying index, if such open interest equals to or exceeds 15% of the open interest of all derivative contracts on that underlying index. The aforementioned limits are indicative, and Investors may refer to the circular SEBI/HO/MRD/TPD-1/P/CIR/2025/79 dated May 29, 2025 or subsequent circular as issued by SEBI from time to time on the topic to better apprehend and understand various definitions and limits applicable. As and when SEBI notifies amended limits or methodology for restricting position limits for exchange traded derivative contracts in future, the aforesaid position limits or methodology, to the extent relevant, shall be read as if they were substituted with the SEBI amended limits or methodology. Disclosure relating to extent and manner of participation in derivatives to be provided Exposure to equity derivatives of the index itself or its constituent stocks may be undertaken when equity shares are unavailable, insufficient or for rebalancing in case of corporate actions. Exposure to such derivatives will be restricted to 20% of net assets of the scheme. However, investment in derivatives will be for a temporary period on defensive considerations. The Scheme shall rebalance the portfolio in case of any deviation to the asset allocation. Such rebalancing shall be done within 7 calendar days from the date of such deviation. Investment in derivatives shall be made in accordance with clause 12.25 of SEBI Master Circular, SEBI circular no. SEBI/HO/IMD/PoD2/P/CIR/2024/183 dated December 31, 2024 and such other guidelines on derivatives as issued by SEBI from time to time. CHANGE IN INVESTMENT PATTERN The Scheme, will hold all the securities that comprise the underlying Index in the same proportion as the index. Expectation is that, over a period of time, the tracking error of the Scheme relative to the performance of the Underlying Index will be relatively low. The AMC would monitor the tracking error of the Scheme on an ongoing basis and would seek to minimize tracking error to the maximum extent possible. Under normal market circumstances, such tracking error is not expected to exceed by 2% p.a. for daily 12 month rolling return. However, in case of events like, dividend issuance by constituent members, rights issuance by constituent members, and market volatility during rebalancing of the portfolio following 15the rebalancing of the Underlying Basket, etc. or in abnormal market circumstances, the tracking error may exceed the above limits. Since the Scheme is an exchange traded fund, it will endeavor that at no point of time the scheme will deviate from the index. For details regarding ‘portfolio rebalancing ’ refer link- (link for the same will be mentioned) XI. Fu nd Manager Name: Mr. Anil Ghelani details Managing Since: This is a new scheme Total Experience (in years): 27 Years Name: Mr. Diipesh Shah Managing Since: This is a new scheme Total Experience (in years): 23 Years XII. An nual Scheme The AMC has estimated that upto 1% daily net assets of the scheme will be Recurring charged to the scheme as expenses. Expenses For detailed disclosure, kindly refer link- (link for the same will be mentioned) For detailed disclosure, kindly refer SAI. XIII. Tr ansaction Transaction charges: In line with the provisions of SEBI Circular No. charges and stamp SEBI/HO/IMD/IMD-PoD-1/P/CIR/2025/115 dated August 08, 2025, transaction duty charges paid to Mutual Fund distributors has been discontinued from the date of issue of the Circular. Stamp Duty: Mutual fund units issued against Purchase transactions would be subject to levy of stamp duty @ 0.005% of the amount invested. For further details, please refer SAI. XIV. Inf ormation Please refer to the link for below mentioned disclosures: available through weblink Link: (link for the same will be mentioned) • Liquidity/listing details • NAV disclosure • Applicable timelines for dispatch of redemption proceeds etc • Breakup of Annual Scheme Recurring expenses • Definitions • Applicable risk factors • Detailed disclosures regarding the index, index eligibility criteria, methodology, index service provider, index constituents, impact cost of the constituents/ underlying fund in case of fund of funds • List of official points of acceptance • Penalties, Pending Litigation or Proceedings, Findings of Inspections or Investigations • Investor services • Portfolio Disclosure • Detailed comparative table of the existing schemes of AMC • Scheme performance • Periodic Disclosures • Investment strategy • Where shall Scheme invest • Who will manage the Scheme • Fundamental Attributes • Scheme specific disclosures 16• Scheme Factsheet • Investment Restrictions XV. Ho w to Apply and During the NFO Applications can be submitted at any of the official points of other details acceptance of transactions before the close of the office business hours. The addresses are given at the end of this SID. Investors can log on to SO No. 35 www.camsonline.com for details of various offices/ISCs of Registrar. Application form and Key Information Memorandum may be obtained from Official Points of Acceptance (OPAs) / Investor Service Centres (ISCs) of the AMC or RTA or Distributors or can be downloaded from our website www.dspim.com The Investors can also purchase Units under the Scheme during NFO by placing an order through the stock exchange platform. Please refer to ‘Trading in Units through Stock Exchange mechanism’ Investors intending to apply through ASBA will be required to submit ASBA form to their respective banks, which in turn will block the amount in their account as per authority contained in the ASBA form. ASBA applications can be submitted only at SCSB at their designated branches. List of SCSBs and their designated branches shall be displayed on the SEBI’s website (www.sebi.gov.in). ASBA form should not be submitted at location other than SCSB as it will not be processed. For details on ASBA process please refer the ASBA application form. The application form duly filled and signed by the Market Makers/Large Investors should be submitted at the Head Office of AMC. In case it is submitted at any AMC Branches, such branch shall facilitate in processing the transaction through the Head Office. Financial transactions through email shall be accepted in terms of AMFI Best Practice Guidelines (BPG) no. 118/ 2024-25 dated January 31, 2025. For the terms and conditions of for availing the facility to transact through electronic mail, please refer SAI. For detailed disclosure, kindly refer SAI. XVI. Wh ere can • Investors intending to trade in Units of the Scheme, will be required to applications for provide demat account details in the application form. subscription/rede mption/ switches • The units of the Scheme will be available ONLY in the Dematerialized mode. be submitted The applicant under the Scheme will be required to have a beneficiary account with a Depository Participant of NSDL/CDSL and will be required to indicate in the application the DP’s name, DP ID Number and beneficiary account number of the applicant with the DP. The units of the Scheme will be issued/ repurchased and traded compulsorily in dematerialized form. Applications without relevant details of his or her depository account are liable to be rejected. • Application form and Key Information Memorandum may be obtained from Official Points of Acceptance (OPAs) / Investor Service Centres (ISCs) of the AMC or can be downloaded from our website www.dspim.com • The application form duly filled and signed by the Market Makers/Large Investors should be submitted at the Head Office of AMC. In case it is submitted at any AMC Branches, such branch shall facilitate in processing the transaction through the Head Office. • Stock brokers registered with recognized stock exchange and empaneled with the AMC shall also be considered as ‘official point of Acceptance of Transaction’. 17• It is mandatory for every applicant to provide the name of the bank, branch, address, account type and account number as per requirements laid down by SEBI and any other requirements stated in the Application Form. Applications without these details will be treated as incomplete. Such incomplete applications will be rejected. • Investors except Market Makers for more than Rs 25 crores can directly approach the Fund House for buying and selling of units and in case such investors are non-individual investors, Financial transactions through email shall be accepted in terms of AMFI Best Practice Guidelines (BPG) no. 118/ 2024-25 dated January 31, 2025. For the terms and conditions of for availing the facility to transact through electronic mail, please refer SAI. • Please refer to the SAI and Application form for further details and the instructions. Investors are requested to note that it is mandatory to mention bank account numbers in application/ requests for redemption. XVII. Sp ecific attribute Not Applicable of the scheme (such as lock in/ duration in case of target maturity scheme/close ended schemes etc.) (as applicable) XVIII. Sp ecial Special product/facility available during NFO: product/facility available during i. Switching the NFO and on ongoing basis During the NFO period switch request will be accepted upto 3.00 p.m. as per the timelines stated below, The Unit holders will be able to invest into the NFO of the Scheme by switching part or all of their Unit holdings held in the existing schemes of the Mutual Fund. A switch has the effect of redemption from one scheme/plan/option and a purchase in the other scheme/plan/option to which the switching has been done. The price at which the units will be switched-out will be based on the redemption price of the scheme from which switch-out is done and the proceeds will be invested into the Scheme at the NFO Price. Unit holders are requested to note that application for switch-out for units for which funds are not realized via purchase or switch-in in the scheme of the Fund shall be liable to be rejected. In other words, switch out of units will be processed only if the funds for such units are realized in the scheme by a way of payment instructions/transfer or switch-in funding process. Further, all switch funding shall be in line with redemption funding timelines adopted by the concerned scheme i.e. if a scheme follows T+3 payout for redemption, the switch out funding should also be made on the T+3 and not earlier or later than T+3, where T is the day of transaction. The funds from the switch out schemes into the switch in scheme should be received till the allotment date. If the NFO of the scheme is called off for any reason whatsoever, the Switch Out amount from other schemes to the NFO scheme will be paid to the investor within 5 Business Days of the closure of the NFO, similar to a redemption from Switch out scheme. Investors should note that the Switch transaction will not 18be nullified and the switch amount will be paid out as redemption. Further, such payments will not qualify as delayed payments and no interest will be payable by the Fund/AMC/RTA in such cases where the payment date is beyond 3 days of the switch out date, as the switch transactions are accepted from the first day of the entire NFO period and the NFO may be called off after the closure of NFO. ii. Applications Supported by Blocked Amount (ASBA) facility ASBA facility will be provided to the investors subscribing to NFO of the Scheme. It shall co-exist with the existing process, wherein cheques/ demand drafts are used as a mode of payment. Please refer ASBA application form for detailed instructions. Please refer the SAI and ASBA application form for complete details on ASBA. Special product/facility available ongoing basis: Systematic Investment Plan (SIP), Systematic Transfer Plan (STP) Systematic Withdrawal Plan (SWP) are not available under this Scheme. XIX. Se gregated The Scheme is not enabled for segregated portfolio. portfolio/side pocketing disclosure XX. Sto ck Subject to SEBI (MF) Regulations and the applicable guidelines issued by SEBI, lending/short the Scheme may engage in stock lending. The Scheme shall not engage in short selling selling. For details, kindly refer SAI XXI. Sw ing pricing Swing pricing framework is not applicable. disclosure XXII. Ne w Fund Offer NFO for DSP Nifty Midcap 150 ETF Period Opens on: Closes on: As per clause 1.10.1A of SEBI Master circular, the NFO shall remain open for subscription for a minimum period of three Working Days. Further, as per clause 1.10.1 of the SEBI Master circular, the maximum number of days for which the NFO will be open shall be 15 days. Extension or Termination of NFO Period In case the NFO Opening/ Closing Date is subsequently declared as a non- Business Day, the following Business Day will be deemed to be the NFO Opening/ Closing Date. The AMC/Trustee reserves the right to change the New Fund Offer Period, subject to the condition that the subscription list of the New Fund Offer SO No. 34 Period shall not be kept open for more than 15 days. An addendum shall be uploaded on the AMC website i.e. www.dspim.com notifying the change in the NFO Dates / Period. XXIII. Ne w Fund Offer The units being offered will have a face value of Rs. 10/- each and will be issued Price at a premium, if any, approximately equal to the difference between face value and allotment price. The Allotment price for the NFO shall be approximately equal to 1/1000th of the value of Nifty Midcap 150 TRI on the date of allotment. XXIV. Ne w Fund Offer These expenses are incurred for the purpose of various activities related to the (NFO) Expenses NFO like sales and distribution fees paid, marketing and advertising, registrar expenses, printing and stationery, bank charges etc. The NFO expenses of floating the Scheme shall be borne by the AMC. XXV. Re quirement of Being an open-ended Exchange Traded Fund, the guidelines issued by SEBI vide Minimum Investors clause 6.11 of SEBI Master circular regarding Minimum Number of Investors in in the Scheme 19Scheme and that no single investor should account for more than 25% of the corpus of the scheme shall not be applicable to this Scheme. XXVI. Int roduction to An ETF is a passively managed product that provides exposure to an index or a Exchange Traded basket of securities with the objective of generating returns as close to the Funds index as possible. The key benefit of an ETF over traditional open-ended index funds is liquidity and availability of real-time market price on stock exchange. They can be bought and sold on the exchange at prices that are usually close to the actual intra-day NAV of the Scheme. ETFs provide investors a fund that tracks the performance of an index with the ability to buy/sell on an intra-day basis. ETFs are structured in a manner which allows creating new units (called creation units) and redeem outstanding units directly with the fund, thereby ensuring that ETFs trade close to their actual NAVs. ETFs are usually passively managed funds wherein subscription/redemption of units works on the concept of exchange with underlying securities. In other words, large investors/institutions can purchase units by depositing the underlying securities with the mutual fund/AMC and can redeem by receiving the underlying shares in exchange of units. Units can also be bought and sold directly on the exchange. ETFs have all the benefits of indexing such as diversification, low cost and transparency. As ETFs are listed on the exchange, costs of distribution are much lower and the reach is wider. These savings in cost are passed on to the investors in the form of lower costs. Furthermore, exchange traded mechanism helps reduce minimal collection, disbursement and other processing charges. Tracking Error of ETFs is likely to be low as compared to a normal index fund. Due to the Creation/Redemption of units through the in-kind mechanism the mutual fund can keep lesser funds in cash. Also, time lag between buying/selling units and the underlying shares is much lower. Benefits of ETFs a. Can be easily bought / sold like any other stock on the exchange through terminals spread across the country. b. Can be bought / sold anytime during market hours at prices that are expected to be close to actual NAV of the Scheme. Thus, investor invests at nearly the real-time prices as opposed to end of day prices. c. Ability to put limit orders. d. Protects long-term investors from the inflows and outflows of short-term investors. This is because the fund does not bear extra transaction cost when buying/selling due to frequent subscriptions and redemptions. e. Flexible as it can be used as a tool for gaining instant exposure to the equity markets, equitising cash, for arbitraging between the cash and futures market. Market for ETFs: ETFs are passive in nature and can be useful for various kinds of investors. It could be for experienced investors who recognize the impact of cost on their eventual investment outcomes or relatively inexperienced / newer investors who are considering starting to invest but are not sure how, and therefore need a simple instrument that gives them access to the broad market or to specific sectors they believe in. Over the past few years, there has been a good growth in the number of investors as well as the assets under management for ETFs. The primary categories of ETFs in India are: Nifty 50 and Sensex based ETFs, Government Disinvestment mandates like CPSE, Bharat 22 and Bharat Bond, Banking Sector ETFs, and Gold ETFs. There are also few fixed income, smart beta, sectoral and thematic ETFs, tracking specified indices. Given the ETF market globally has grown significantly over the past few years, there is a strong 20case that the size and breadth of the ETF market has a potential go up in India in years to come. A. Example of Creation and Redemption of Units: The example of Creation Unit as on August 29, 2025 for DSP Nifty Midcap 150 ETF is as follows: W e i Close No. of SYMBOL ISIN g Value Price Shares h t % INE466L0103 360ONE 8 1018.1 0.66 68 69,231 INE470A0101 3MINDIA 7 30760 0.25 1 30,760 INE358A0101 ABBOTINDIA 4 31480 0.48 1 31,480 INE674K0101 ABCAPITAL 3 277.85 0.58 219 60,849 INE647O0101 ABFRL 1 77.35 0.11 144 11,138 INE012A0102 ACC 5 1801.8 0.34 20 36,036 INE212H0102 AIAENG 6 3056.3 0.34 12 36,676 AJANTPHAR INE031B0104 M 9 2477.6 0.30 13 32,209 INE540L0101 ALKEM 4 5303.5 0.83 16 84,856 INE372A0101 APARINDS 5 7732 0.38 5 38,660 INE702C0102 APLAPOLLO 7 1604.7 0.84 56 89,863 APOLLOTYR INE438A0102 E 2 462.2 0.43 99 45,758 INE208A0102 ASHOKLEY 9 126.98 1.05 875 1,11,108 ASTRAL INE006I01046 1359.8 0.49 38 51,672 INE399L0102 ATGL 3 591.1 0.48 85 50,244 INE949L0101 AUBANK 7 718.05 1.17 172 1,23,505 AUROPHAR INE406A0103 MA 7 1027.9 0.83 86 88,399 INE699H0102 AWL 4 251.5 0.24 101 25,402 INE787D0102 BALKRISIND 6 2289.4 0.53 25 57,235 BANDHANBN INE545U0101 K 4 161.8 0.40 259 41,906 INE084A0101 BANKINDIA 6 110.29 0.39 372 41,028 INE171Z0102 BDL 6 1435.7 0.38 29 41,635 21INE463A0103 BERGEPAINT 8 533 0.44 88 46,904 BHARATFOR INE465A0102 G 5 1106.7 0.86 82 90,749 BHARTIHEX INE343G0102 A 1 1774 0.39 23 40,802 INE257A0102 BHEL 6 208.01 0.78 393 81,748 INE376G0101 BIOCON 3 348.35 0.61 184 64,096 BLUESTARC INE472A0103 O 9 1881.7 0.71 40 75,268 INE118H0102 BSE 5 2096.2 2.48 125 2,62,025 INE704P0102 COCHINSHIP 5 1608.2 0.39 26 41,813 INE591G0102 COFORGE 5 1724.3 1.67 102 1,75,879 INE259A0102 COLPAL 2 2331.8 0.89 41 95,604 INE111A0102 CONCOR 5 527.35 0.53 106 55,899 COROMAND INE169A0103 EL 1 2309.1 0.79 37 85,437 INE007A0102 CRISIL 5 4986 0.35 7 34,902 CUMMINSIN INE298A0102 D 0 3826.2 1.50 42 1,60,700 INE00R70102 DALBHARAT 5 2401.5 0.55 25 60,038 INE288B0102 DEEPAKNTR 9 1787.9 0.36 22 39,334 INE935N0102 DIXON 0 16690 1.89 11 1,83,590 INE548C0103 EMAMILTD 2 573.6 0.33 61 34,990 INE913H0103 ENDURANCE 7 2868.8 0.29 11 31,557 INE042A0101 ESCORTS 4 3567.8 0.34 11 39,246 INE302A0102 EXIDEIND 0 396.25 0.52 140 55,475 FEDERALBN INE171A0102 K 9 191.71 1.36 751 1,43,974 FLUOROCHE INE09N30101 M 1 3414.1 0.40 13 44,383 INE061F0101 FORTIS 3 911.5 1.38 160 1,45,840 INE481Y0101 GICRE 4 363.65 0.33 95 34,547 INE068V0102 GLAND 3 1871.5 0.43 25 46,788 INE159A0101 GLAXO 6 2785 0.33 13 36,205 INE935A0103 GLENMARK 5 1923.9 0.84 47 90,423 GMRAIRPOR INE776C0103 T 9 86.07 0.89 1091 93,902 22INE233A0103 GODREJIND 5 1230.2 0.17 15 18,453 GODREJPRO INE484J0102 P 7 1947.7 0.85 46 89,594 INE844O0103 GUJGASLTD 0 419.45 0.21 53 22,231 INE200A0102 GVT&D 6 2779.2 1.00 38 1,05,610 INE127D0102 HDFCAMC 5 5463 1.61 31 1,69,353 INE094A0101 HINDPETRO 5 375.9 1.05 294 1,10,515 INE267A0102 HINDZINC 5 419.25 0.45 113 47,375 INE671A0101 HONAUT 0 38740 0.25 1 38,740 INE031A0101 HUDCO 7 204.49 0.30 154 31,491 INE669E0101 IDEA 6 6.49 0.52 8442 54,789 INE092T0101 IDFCFIRSTB 9 67.99 1.30 2021 1,37,408 INE203G0102 IGL 7 206.74 0.42 215 44,449 INE562A0101 INDIANB 1 653.1 0.67 109 71,188 INDUSTOWE INE121J0101 R 7 338.6 1.30 405 1,37,133 INE571A0103 IPCALAB 8 1384.4 0.56 43 59,529 IRB INE821I01022 42.9 0.25 607 26,040 INE335Y0102 IRCTC 0 691.95 0.61 93 64,351 INE202E0101 IREDA 6 140.5 0.32 244 34,282 INE823G0101 JKCEMENT 4 6946.5 0.84 12 83,358 INE220G0102 JSL 1 762.95 0.71 99 75,532 INE880J0102 JSWINFRA 6 296 0.23 84 24,864 INE797F0102 JUBLFOOD 0 627.75 0.69 117 73,447 INE303R0101 KALYANKJIL 4 504.15 0.56 118 59,490 INE878B0102 KEI 7 3810.6 0.68 19 72,401 KPITTECH INE04I401011 1190.5 0.56 50 59,525 INE930H0103 KPRMILL 1 986.4 0.29 31 30,578 INE115A0102 LICHSGFIN 6 555.2 0.48 92 51,078 INE473A0101 LINDEINDIA 1 6378.5 0.39 6 38,271 INE281B0103 LLOYDSME 2 1288.8 0.49 41 52,841 23INE498L0101 LTF 5 217.16 0.51 246 53,421 INE010V0101 LTTS 7 4223.5 0.34 8 33,788 INE326A0103 LUPIN 7 1894.9 1.33 74 1,40,223 INE774D0102 M&MFIN 4 253.95 0.49 203 51,552 INE457A0101 MAHABANK 4 51.95 0.24 482 25,040 INE634S0102 MANKIND 8 2471.4 0.81 35 86,499 INE196A0102 MARICO 6 725.85 1.11 162 1,17,588 INE027H0101 MAXHEALTH 0 1154.3 2.49 228 2,63,180 INE249Z0102 MAZDOCK 0 2603.1 0.57 24 62,474 INE474Q0103 MEDANTA 1 1374 0.34 26 35,724 INE180A0102 MFSL 0 1602.2 1.22 81 1,29,778 MOTILALOFS INE338I01027 857.3 0.37 46 39,436 INE356A0101 MPHASIS 8 2788 0.92 35 97,580 INE883A0101 MRF 1 140955 0.83 1 1,40,955 INE103A0101 MRPL 4 122.02 0.06 55 6,711 INE0FS80101 MSUMI 5 41.56 0.31 778 32,334 MUTHOOTFI INE414G0101 N 2 2637.8 0.82 33 87,047 INE298J0101 NAM-INDIA 3 784.75 0.40 54 42,377 NATIONALU INE139A0103 M 4 186.18 0.48 275 51,200 INE848E0101 NHPC 6 77.23 0.71 968 74,759 INE470Y0101 NIACL 7 188.26 0.13 74 13,931 INE589A0101 NLCINDIA 4 225.15 0.21 100 22,515 INE584A0102 NMDC 3 68.8 0.69 1057 72,722 INE0ONG010 NTPCGREEN 11 102.95 0.28 285 29,341 INE388Y0102 NYKAA 9 230.15 0.91 417 95,973 OBEROIRLTY INE093I01010 1610.8 0.55 36 57,989 INE881D0102 OFSS 7 8293.5 0.57 7 58,055 INE274J0101 OIL 4 390.3 0.62 167 65,180 INE0LXG0104 OLAELEC 0 54.05 0.16 309 16,701 24INE761H0102 PAGEIND 2 44335 0.81 1 44,335 INE619A0103 PATANJALI 5 1777.6 0.57 34 60,438 INE982J0102 PAYTM 0 1207 1.19 105 1,26,735 INE262H0102 PERSISTENT 1 5305.5 1.65 32 1,69,776 INE347G0101 PETRONET 4 269.5 0.59 230 61,985 PHOENIXLT INE211B0103 D 9 1503.2 0.81 58 87,186 INE603J0103 PIIND 0 3694.8 0.87 25 92,370 INE417T0102 POLICYBZR 6 1770.8 1.70 102 1,80,622 INE455K0101 POLYCAB 7 7091 1.04 15 1,06,365 POWERINDI INE07Y70101 A 1 19110 0.70 3 57,330 INE0BS70101 PREMIERENE 1 994.1 0.26 28 27,835 INE811K0101 PRESTIGE 1 1561.8 0.76 52 81,214 INE415G0102 RVNL 7 302.6 0.50 174 52,652 INE114A0101 SAIL 1 118.66 0.50 443 52,566 INE018E0101 SBICARD 6 803.5 0.70 92 73,922 INE513A0102 SCHAEFFLER 2 3867.4 0.45 13 50,276 INE002L0101 SJVN 5 93.66 0.19 219 20,512 INE343H0102 SOLARINDS 9 13795 0.97 7 96,565 INE073K0101 SONACOMS 8 443.05 0.58 138 61,141 INE647A0101 SRF 0 2836.4 1.19 45 1,27,638 STARHEALT INE575P0101 H 1 446.85 0.29 70 31,280 SUNDARMFI INE660A0101 N 3 4493.7 0.90 21 94,368 INE424H0102 SUNTV 7 543.5 0.16 31 16,849 SUPREMEIN INE195A0102 D 8 4471.2 0.84 19 84,953 INE040H0102 SUZLON 1 56.43 1.95 3642 2,05,518 INE398R0102 SYNGENE 2 625.9 0.34 58 36,302 INE151A0101 TATACOMM 3 1548.6 0.53 36 55,750 INE670A0101 TATAELXSI 2 5234 0.53 10 52,340 INE672A0101 TATAINVEST 8 6815.5 0.26 3 20,447 25INE142M0102 TATATECH 5 657.25 0.29 48 31,548 INE152A0102 THERMAX 9 3207.6 0.36 12 38,491 INE974X0101 TIINDIA 0 2961.6 0.92 33 97,733 TORNTPOW INE813H0102 ER 1 1227.3 0.68 59 72,411 INE686F0102 UBL 5 1850.1 0.39 23 42,552 INE692A0101 UNIONBANK 6 124.82 0.70 591 73,769 INE405E0102 UNOMINDA 3 1279 0.66 55 70,345 INE628A0103 UPL 6 715.75 1.05 155 1,10,941 INE01EA0101 VMM 9 149.41 0.49 348 51,995 INE226A0102 VOLTAS 1 1374 0.91 70 96,180 WAAREEENE INE377N0101 R 7 3402 0.32 10 34,020 INE528G0103 YESBANK 5 19.1 1.04 5767 1,10,150 Cash component will be arrived at in the following manner Index Value as on Aug 29, 2025 26,356 No. of units comprising one basket 4,00,000 NAV/unit 26.36 Value of 1 creation basket 1,05,42,588 Value of portfolio deposit 1,05,39,156 Cash component 3,432 The above is just an example to illustrate the calculation of cash component. Cash Component will vary depending upon the actual charges incurred like Custodial Charges and other incidental charges for creating units. 26SO No. 66 Undertaking from Trustees The Trustees have ensured that DSP Nifty Midcap 150 ETF, approved by them, is a new product offered by DSP Mutual Fund and is not a minor modification of any existing scheme/fund/product. DSP Nifty Midcap 150 ETF has been approved by the Trustees on October 05, 2025. Notwithstanding anything contained in this SID, the provisions of the SEBI (MF) Regulations, 1996 and the guidelines there under shall be applicable. SO No. 64 For DSP Trustee Private Limited Trustee: DSP Mutual Fund Sd/- Shitin D. Desai Director Place: Mumbai Date: 27DRAFT SCHEME INFORMATION DOCUMENT D S P N i f t y M i d c a p 1 5 0 E T F (An open ended scheme replicating / tracking Nifty Midcap 150 Index ) Annexure - Information available through weblink I. Liquidity/Listing details Liquidity Details: On the Exchange The units are proposed to be listed on Stock Exchange to provide liquidity through secondary market. The units of the Scheme can be bought / sold on all trading days on the National Stock Exchange of India Limited and/or BSE Ltd where the Scheme is listed. The price of the Units in the secondary market on the Stock Exchange(s) will depend on demand and supply at that point of time. The AMC has appointed Market Maker(s) who are the member of Stock Exchange to provide liquidity in secondary market on an ongoing basis. The Market Maker(s) would offer daily two-way quote in the market. Directly with the Mutual Fund The Scheme offers units for subscription / redemption directly with the Mutual Fund in creation unit size to Market Makers / and Large Investors, at intra-day NAV, based on the executed price at which the securities representing the underlying index are purchased/sold. Further, in terms of clause 3.6.2.2 of SEBI Master circular no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 dated June 27, 2024 (SEBI Master Circular) investors can directly approach AMC for redemption of units for transaction of more than Rs. 25 Crore, subject to creation unit size. Investors can also directly approach AMC for redemption of units for transaction of upto Rs. 25 Crore without any exit load, if: a) Traded price (closing price) of the ETF units is at discount of more than 1% to the day end NAV for 7 continuous trading days, or b) No quotes for such ETFs are available on stock exchange(s) for 3 consecutive trading days, or c) Total bid size on the exchange is less than half of creation units size daily, averaged over a period of 7 consecutive trading days. Such instances shall be tracked by the AMC on an ongoing basis and in case any of the above mentioned scenario arises, the same shall be disclosed on the website of the Mutual Fund. In the event of above, valid applications received by the fund upto the cut-off time will be processed on the basis of the closing NAV of the day of receipt of request and for valid applications received after cut-off time, the closing NAV of the next Business Day shall be applicable. Listing details: The units of the Scheme are proposed to be listed on National Stock Exchange of India Limited and BSE Limited. 1II. NAV Disclosure The first NAV will be calculated and declared within 5 Business days from the date of allotment. Thereafter, the Mutual Fund shall declare the NAV of the Scheme on every Business Day, on AMFI’s website (www.amfiindia.com), by 11.00 p.m. and website of the AMC (www.dspim.com). The information on NAVs of the Scheme/plans may be obtained by the Unit Holders, on any day, by calling the office of the AMC or any of the Investor Service Centres at various locations. The information on NAVs of the Scheme/plans may be obtained by the Unit Holders, on any day, by calling the office of the AMC or any of the Investor Service Centres at various locations. The NAV of the Scheme will also be updated on the AMFI website www.amfiindia.com and on www.dspim.com. Indicative NAV (iNAV): The AMC shall also calculate indicative NAV and will be updated during the market hours on its website www.dspim.com. Indicative NAV will not have any bearing on the creation or redemption of units directly with the Fund by the Market Makers /Large Investors. Indicative NAV shall be disclosed on Stock exchange(s), where the units will be listed, on continuous basis within a maximum time lag of 15 seconds during the trading hours. For transactions by Market Makers / large investors directly with the AMCs, intra-day NAV based on the executed price at which the securities representing the underlying index are purchased / sold will be applicable. The numerical illustration of computation of NAV is provided below. SO No. 43 Market or Fair Value of Scheme’s investments (Rs.) = 11,42,53,650.00 Current Assets (Rs.) = 10,00,000.00 Current Liabilities and Provisions (Rs.) = 5,00,000.00 No. of Units outstanding under the Scheme = 1,00,00,000 11,42,53,650.00 + 10,00,000.00 - 5,00,000.00 NAV Per Unit (Rs.) = 1,00,00,000 = 11.4754 N.B.: The aforesaid provisions pertaining to “Calculation of NAV” shall apply in respect of each individual Scheme and/or plan as the case may be. The NAV Per Unit above is rounded off to four decimals. The NAV will be calculated as of the close of every Business Day. NAVs will be rounded off to four decimal places. The valuation of the Schemes’ assets and calculation of the Schemes’ NAVs shall be subject to audit on an annual basis and such regulations as may be prescribed by SEBI from time to time. Note: In respect of Schemes having Growth and IDCW Options, there will be more than one NAV, one for each Option, after the declaration of the first IDCW by that Scheme. While determining the price of the units, the mutual fund shall ensure that the repurchase price of Scheme is SO No. 48 not be lower than 95% Net Asset Value as provided under SEBI (MF) Regulations. For other details such as policies w.r.t computation of NAV, rounding off, investment in foreign securities, procedure in case of delay in disclosure of NAV etc. refer to SAI. Ongoing Price for subscription (purchase) by investors: 2• For Subscription of units directly with the Mutual Fund: Ongoing purchases directly from the Mutual Fund would be restricted to Market Makers and Large Investors, provided the value of units to be purchased is in Creation Unit size and in multiples thereof. Market Makers / Large Investors may buy the units on any Business Day of the Scheme directly from the Mutual Fund at Intra Day NAV: ▪ in exchange of the Portfolio Deposit, Cash Component and any other applicable transaction charges; or ▪ by depositing basket of securities comprising Nifty Midcap 150 Index along with the cash component and applicable transaction charges. The Creation Unit size will be 4,00,000 units. No kind of credit facility would be extended during creation of units. The Fund may from time to time change the size of the Creation Unit in order to equate it with marketable lots of the underlying instruments. • For Subscription through Stock Exchange(s): All categories of investors may purchase the Units of the Scheme through the Stock Exchange(s) on which the units of the Scheme are listed, on any trading day in round lot of one (1) Unit and multiples thereof at the prevailing listed price. The transactions (trading) in the Stock Exchange(s) shall be subject to the Regulations, Bye laws and Rules applicable to the Stock Exchanges and its clearing house respectively. The trading members shall be responsible for delivering the units to the demat account of the investors on successful completion of settlement. Investors are advised to contact their trading members to understand the various cut-off times to meet their fund pay-in obligations for ensuring successful settlement of their transactions. Note: Market Maker/Large Investor for subscription/redemption of the Scheme Units directly with the Fund in “Creation Unit Size” will have to reimburse transaction handling charges incurred by the Fund/AMC. Transaction handling charges include brokerage, Securities transaction tax, regulatory charges if any, depository participant charges, uploading charges, corporate action charges and such other charges that the mutual fund may have to incur in the course of cash subscription/redemption or accepting the Portfolio Deposit or for giving a portfolio of securities as consideration for a redemption request. The AMC will appoint Market Makers to provide liquidity in secondary market on an ongoing basis. The Market Maker(s) would offer daily two-way quote in the market. The applicant under the Scheme will be required to have a beneficiary account with a Depository Participant of NSDL/CDSL and will be required to indicate in the Application Form the Depository Participants (DP‟s) name, DP ID Number and the beneficiary account number of the applicant. Procedure for creation of the Scheme units in Creation Unit size: • The Fund/AMC allows cash/exchange of Portfolio Deposit for Purchase of Units of the Scheme in Creation Unit size by Large Investors/Market Makers. Purchase request for Creation Unit shall be made by such Investor to the Fund/AMC where upon the Fund/AMC will arrange to buy the underlying portfolio Securities. The Portfolio Deposit and/or Cash Component will be exchanged for units of the Scheme in Creation Unit size. • Creation of Units in exchange of Portfolio Deposit: The requisite Securities constituting the Portfolio Deposit have to be transferred to the Fund’s Depository Participant account while the Cash Component has to be paid to the Fund’s bank account. On confirmation of the same by the Custodian/AMC, the AMC will create and transfer the equivalent number of Units of the Scheme into the Investor’s Depository Participant account and pay/ recover the Cash Component and transaction handling charges, if any. • Creation of Units in Cash: For subscription of the Scheme Units in Creation Unit Size will be made by payment of requisite Cash, as determined by the AMC equivalent to the cost incurred towards the purchase of predefined basket of securities that represent the underlying index (i.e. portfolio deposit), Cash Component and transaction handling charges, if any, only by means of payment instruction of Real Time Gross Settlement 3(RTGS) / National Electronic Funds Transfer (NEFT) or Funds Transfer Letter of a bank where the Scheme has a collection account. • The Creation Unit will be subject to transaction handling charges incurred by the Fund/AMC. Such transaction handling charges shall be recoverable from the transacting Market Maker or Large Investor. • The Portfolio Deposit and/or Cash Component for units of the Scheme may change from time to time on account of change in underlying index constituents, corporate actions, percentage of cash maintained in the fund, etc. • The investors are requested to note that the Units of the Scheme will be credited into the Investor’s Depository Participant account only on receipt of Cash Component and transaction handling charges, if any. “Creation Unit size” is fixed number of units of the Scheme, which is exchanged for a pre-defined basket of securities underlying the designated index called the Portfolio Deposit and/or a Cash Component equal to the value of 4,00,000 units of the Scheme. Each Creation Unit size consists of 4,00,000 units of the Scheme. Each unit of the Scheme will be approximately equal to the 1/1000th value of the Nifty Midcap 150 Index. Ongoing price for redemption (sale) by investors: a) For Redemption of units directly with the Mutual Fund: (By Market Makers and Large Investors): Mutual Fund will repurchase units from Market Makers / Large Investors on any Business Day in Creation Unit size at applicable intra-day NAV, based on the executed price at which the securities representing the underlying index are purchased/sold, subject to applicable exit load; if any. Currently there is no Exit Load. However, transaction charges payable to Custodian/Depository Participants, and other incidental charges relating to conversion of units into basket of securities may be deducted from redemption proceeds. b) For Redemption of units directly with the Mutual Fund: (Other than Market Makers) in exceptional circumstances: i. Traded price (closing price) of the ETF units is at discount of more than 1% to the day end NAV for 7 continuous trading days, or ii. No quotes for such ETFs are available on stock exchange(s) for 3 consecutive trading days, or iii. Total bid size on the exchange is less than half of creation units size daily, averaged over a period of 7 consecutive trading days. Such instances shall be tracked by the AMC on an ongoing basis and in case any of the above mentioned scenario arises, the same shall be disclosed on the website of the Mutual Fund. In case of the above scenarios, applications received from investors for redemption up to 3.00 p.m. on any trading day, shall be processed by the AMC at the closing NAV of the day. c) For Redemption through Stock Exchange(s): All categories of investors may sell the Units of the Scheme through the Stock Exchange(s) on which the units of the Scheme are listed, on any trading day in round lot of one (1) Unit and multiples thereof. Note: The transaction handling charges which include brokerage, Securities transaction tax, regulatory charges if any, depository participant charges, uploading charges and such other charges that the mutual fund/AMC may have to incur in the course of cash subscription/ redemption or accepting the portfolio deposit or for giving a portfolio of securities as consideration for a redemption request, shall be recoverable from the transacting Market Maker or Large Investor. As required under the Regulations, while determining the price of the units, the mutual fund shall ensure that the repurchase price of an open ended scheme is not lower than 95 per cent of the Net Asset Value. Procedure for Redemption in Creation Unit size 4• The requisite number of Units of the Scheme equivalent to the Creation Unit has to be transferred to the Fund’s Depository Participant account and the Cash Component to be paid to the Fund’s bank account. • On confirmation of the same by the AMC, the AMC will transfer the Portfolio Deposit to the Investor’s Depository Participant account and pay/recover the Cash Component and transaction handling charges, if any. • The Fund may allow cash Redemption of the Units of the Scheme in Creation Unit size by Large Investors/ Market Maker. • Such Investors shall make Redemption request to the Fund/AMC whereupon the Fund/AMC will arrange to sell underlying portfolio Securities on behalf of the Investor. Accordingly, the sale proceeds of portfolio Securities, after adjusting the Cash Component and transaction handling charges will be remitted to the Investor. Note: 1. The Creation Unit size may be changed by the AMC at their discretion and the notice of the same shall be published on AMC’s website. 2. Transaction handling charges include brokerage, Securities transaction tax, regulatory charges if any, depository participant charges, uploading charges and such other charges that the mutual fund may have to incur in the course of cash subscription/redemption or accepting the Portfolio Deposit or for giving a portfolio of securities as consideration for a redemption request. Such transaction handling charges shall be recoverable from the transacting Market Maker or Large Investor. 3. The Portfolio Deposit and / or Cash Component the Scheme may change from time to time. 4. The Fund may from time to time change the size of the Creation Unit in order to equate it with marketable lots of the underlying securities. 5. AMCs shall facilitate in-kind creation and redemption of units of Scheme by MMs on a best effort basis. III. Applicable timelines Timeline for Dispatch of redemption proceeds: As per SEBI (MF) Regulations, the Mutual Fund shall dispatch the redemption proceeds within 3 Working Days from the date of acceptance of redemption request. Investor may note that in case of exceptional scenarios as prescribed by AMFI vide its communication no. AMFI/ 35P/ MEM-COR/ 74 / 2022-23 dated January 16, 2023 read with clause 14.1.3 of the SEBI Master Circular, the AMC may not be able to adhere with the timelines prescribed above. Dispatch of IDCW- Not Applicable IV. Breakup of Annual Scheme Recurring expenses These are the fees and expenses incurred for operating the Scheme. These expenses include and are not limited to Investment Management and Advisory Fee charged by the AMC, Registrar’s fee, Marketing and selling costs etc., as given in the Table 2 which summarizes estimated annualized recurring expenses as a % of daily net assets of the Scheme. The AMC has estimated that upto 1.00% of the daily average net assets of the scheme will be charged to the scheme as expenses. For the actual current expenses being charged, the investor should refer to the website of the mutual fund. Operating & recurring expenses under regulation 52 (6) & 52 (6A): 5The Scheme may charge expenses within overall limits as specified in the Regulations except those expenses which are specifically prohibited. The annual total of all charges and expenses of the Scheme shall be subject to the following limits, defined under Regulation 52 of SEBI MF regulations: Table 1: Limit as prescribed under regulation 52 of SEBI MF regulations for exchange traded fund: Particulars As a % of daily net assets as per Additional TER as Regulation 52(6) (b) per Regulation 52 (6A) (b)^ On daily net assets 1.00% 0.30% Notes to Table 1: ^In addition to expenses as permissible under Regulation 52 (6), the AMC may also charge the following to the Scheme of the Fund under Regulation 52 (6A): a. Brokerage and transaction costs which are incurred for the purpose of execution of trade up to 0.12 per cent of trade value in case of cash market transactions and 0.05 per cent of trade value in case of derivatives transactions. It is clarified that the brokerage and transaction cost incurred for the purpose of execution of trade over and above the said 0.12 percent and 0.05 percent for cash market transactions and derivatives transactions respectively may be charged to the Scheme within the maximum limit of Total Expense Ratio (TER) as prescribed under regulation 52 of the SEBI (Mutual Funds) Regulations, 1996. b. Additional expenses up to 0.30 per cent of daily net assets of the concerned Schemes of the Fund if new inflows from such cities as may be specified by Regulations from time to time are at least: i. 30 per cent of gross new inflows from retail investors* in the concerned Scheme, or; ii. 15 per cent of the average assets under management (year to date) of the concerned Scheme, whichever is higher. Provided that if inflows from such cities is less than the higher of (i) or (ii) mentioned above, such expenses on daily net assets of the concerned Scheme shall be charged on proportionate basis. * Inflows of amount upto Rs 2,00,000/- per transaction, by individual investors shall be considered as inflows from “retail investors. The additional expenses charged shall be utilized for distribution expenses incurred for bringing inflows from such cities. The additional expense charged to the Scheme on account of inflows from such cities shall be credited back to the concerned Scheme in case such inflows are redeemed within a period of one year from the date of investment. Note: Pursuant to the directions received from SEBI vide its letter no. SEBI/HO/IMD-SEC- 3/P/OW/2023/5823/1 dated February 24, 2023 read along with AMFI communication dated March 02, 2023, w.e.f March 01, 2023 no additional expense shall be charged on the new inflows received on or after March 01, 2023 from specified cities as per Regulation 52 (6A) (b) till any further guidance is received from SEBI in this regard. GST on investment and advisory fees: a) AMC may charge GST on investment and advisory fees of the Scheme in addition to the maximum limit of TER as per the Regulation 52(6) and (6A). b) GST on expenses other than investment and advisory fees: AMC may charge GST on expenses other than investment and advisory fees of the Scheme, if any within the maximum limit of TER as per the Regulation under 52(6) and (6A). c) GST on brokerage & transaction cost: GST on brokerage and transaction costs which are incurred for the purpose of execution of trade, will be within the limit of expenses as per the Regulation 52(6) and (6A). Others: 6In accordance with clause 10.1.12 (a) of SEBI Master Circular, all scheme related expenses including commission paid to distributors, by whatever name it may be called and in whatever manner it may be paid, shall be paid from the scheme only within the regulatory limits and not from the books of the AMC or its associates or by the trustee or sponsors or any other entity through any route in terms of SEBI circulars, subject to the clarifications provided by SEBI vide letter dated February 21, 2019. Provided that the expenses that are very small in value but high in volume (as provided by AMFI in consultation with SEBI) may be paid out of AMC’s books. Such expenses can be paid out of AMC’s books at actuals or not exceeding 2 bps of the Scheme AUM, whichever is lower. Further with regards to the cost of borrowings in terms of Regulation 44(2), the same shall be adjusted against the portfolio yield of the Scheme and borrowing costs in excess of portfolio yield, if any, shall be borne by the AMC. Disclosure relating to changes in TER: In accordance with clause 10.1.8 of SEBI Master Circular, the AMC shall prominently disclose TER on daily basis on the website www.dspim.com. Further, changes in the base TER (i.e. TER excluding additional expenses provided in Regulation 52(6A)(b), 52(6A)(c) of SEBI (Mutual Funds) Regulations, 1996 and Goods and Services Tax on investment and advisory fees) in comparison to previous base TER charged to any scheme/plan shall be communicated to investors of the scheme/plan through notice via email or SMS at least three working days prior to effecting such change. The notices of change in base TER shall be updated on the website at least three working days prior to effecting such change Provided that any decrease in TER in a mutual fund scheme due to various regulatory requirements, would not require issuance of any prior notice to the investors. The prior intimation/notice shall not be required for any increase or decrease in base TER due to change in AUM and any decrease in base TER due to various regulatory requirements. A. Illustrative example for estimating expenses for a scheme: The AMC in good faith has estimated and summarized in the below table for each Scheme. The actual total expenses may be more or less than as specified in the table below. The below expenses are subject to inter- se change and may increase/decrease as per actuals, and/or any change in the Regulations. Table 2: The estimated total expenses as a % of daily net assets of the Scheme are as follows: Sr No. Indicative Recurring Expense Heads % of daily net assets (i) Investment Management and Advisory Fees Upto 1.00% (ii) Audit fees/Fees and expenses of trustees* (iii) Custodial fees (iv) Registrar & Transfer Agent (RTA) Fees including cost of providing account statements / IDCW / redemption cheques/ warrants (v) Marketing & Selling expense including agent commission and statutory Advertisements (vi) Cost related to investor communications (vii) Cost of fund transfer from location to location (viii) Cost towards investor education & awareness (5% of total TER SO No. 44 charged to direct plans or 0.005 percent of AUM, whichever is less) (ix) Brokerage & transaction cost pertaining to distribution of units (x) Goods & Services Tax on expenses other than investment and advisory fees (xi) Goods & Services Tax on brokerage and transaction cost (xii) Brokerage & transaction cost over and above 0.12 percent and 0.05 percent for cash and derivative market trades, respectively. (a) Maximum total expense ratio (TER) permissible under Regulation Upto 1.00% 52 (6) (b) (b) Additional expenses for gross new inflows from specified cities under Up to 0.30% SO No. 47 regulation 52(6A)(b) 7*The Trusteeship fees as per the provisions of the Trust Deed are subject to a maximum of 0.02% of the average net Trust Funds per annum. Trustee shall charge the Trusteeship Fees in proportion to the net assets of each of the Scheme of the Mutual Fund. The goods and service tax on Investment Management and Advisory fees will depend on the total amount charged as Investment Management and Advisory fees. Currently it is chargeable at 18% on Investment Management and Advisory Fees. The above expense structures are indicative in nature. Actual expenses could be lower than mentioned above. The purpose of the above table is to assist the investor in understanding the various costs & expenses that the investor in the Scheme will bear directly or indirectly. For the actual current expenses being charged, the investor should refer to the website of the Mutual Fund. Illustration of impact of expense ratio on scheme’s returns: SO No. 45 Particulars Amount Amount invested at the beginning of the year 10,000 Annual income accrued to the scheme 1,000 Expenses other than Distribution expenses 75 Distribution expenses Returns after expenses at the end of the year 925 % Returns after expenses at the end of the year 9.25% Link for TER disclosure: https://www.dspim.com/mandatory-disclosures/ter Link for Scheme Factsheet: https://www.dspim.com/downloads?category=Information%20Documents&sub_category=Factsheets V. Definitions Business Day / A day other than: Working Day (1) Saturday and Sunday; (2) a day on which the National Stock Exchange / BSE is closed (3) a day on which the Sale and Redemption of Units is suspended The AMC reserves the right to declare any day as a non-business day at any of its locations at its sole discretion. Creation Date The date on which the Scheme Units are created Creation Unit Size Creation Unit Size is fixed number of units of the Scheme which is, exchanged for a basket of securities (Portfolio Deposit) and a Cash Component, equal to the value of said predefined units of the Scheme, and/or subscribed in cash equal to the value of said predefined units of the Scheme. For redemption of units it is vice versa i.e. fixed number of units of Scheme are exchanged for Portfolio Deposit and/ or Cash Component of the Scheme. The Portfolio Deposit and/ or Cash Component will change from time to time due to change in NAV and will be announced by the AMC on its website. Each Creation Unit size consists of 4,00,000 units of the Scheme. Each unit of the Scheme will be approximately equal to 1/1000th the value of the Nifty Midcap 150 Index. 8The Creation Unit size may be changed by the AMC at their discretion and the notice of the same shall be published on AMC’s website. Custodian Citibank N. A., acting as custodian to the Schemes, or any other Custodian who is approved by the Trustee. DSPNM150ETF DSP Nifty Midcap 150 ETF /Scheme Scheme Information This document issued by DSP Mutual Fund, offering Units of DSP Nifty Midcap 150 Document/SID ETF For common definitions please refer Website Link- https://www.dspim.com/mandatory- disclosures/disclosures-under-offer-documents/definitions-interpretation ABBREVIATIONS & INTERPRETATIONS In this SID the following abbreviations have been used: AMC: Asset Management Company MM: Market Maker AMFI : Association of Mutual Funds in India NAV: Net Asset Value National Electronic Funds AOP: Association of Person NEFT: Transfer Application Supported by Blocked ASBA: NFO: New Fund Offer Amount BSE StAR BSE Stock Exchange Platform NRE: Non Resident External MF: BSE: BSE Ltd. NRI: Non-Resident Indian Computer Age Management CAMS: NRO: Non Resident Ordinary Services Ltd. National Securities Depository CAS: Consolidated Account Statement NSDL: Limited Central Depository Services (India) NSE / National Stock National Stock Exchange of India CDSL: Limited Exchange: Ltd. DP: Depository Participant PIO: Person of Indian Origin Foreign Account Tax Compliance Prevention of Money Laundering FATCA: PMLA: Act Act, 2002 FPI: Foreign Portfolio Investor POS: Points of Service HUF: Hindu Undivided Family RBI: Reserve Bank of India Income Distribution cum Capital IDCW: RTGS: Real Time Gross Settlement Withdrawal Investment Management IMA: SCSB: Self Certified Syndicate Bank Agreement Securities and Exchange Board of ISC: Investor Service Centre SEBI: India KYC: Know Your Customer STT: Securities Transaction Tax MFSS: Mutual Fund Service System TREPs: Tri-Party Repos MFU: MF Utilities India Pvt. Ltd. UBO: Ultimate Beneficial Ownership 9INTERPRETATION For all purposes of this SID, except as otherwise expressly provided or unless the context otherwise requires: • The Terms defined in this SID include the plural as well as the singular. • Pronouns having a masculine or feminine gender shall be deemed to include the other. • All references to “US$” refer to United States Dollars and “Rs. INR” refer to Indian Rupees. A “Crore” means “ten million” and a “Lakh” means a “hundred thousand”. References to times of day (i.e. a.m. or p.m.) are to Indian Standard Time (IST) and references to a day are to a calendar day including non-Business Day. VI. Risk factors SO No. 08 Scheme Specific Risk Factors Risks associated with transacting in scheme units through stock exchange mechanism: In respect of transactions in units of the schemes through NSE and/or BSE or any other recognized stock exchange promoted platforms, allotment and redemption of Units on any Business Day will depend upon the order processing/settlement by NSE, BSE or such other exchange and their respective clearing corporations on which the AMC and Fund has no control. Further, transactions conducted through the stock exchange mechanism shall be governed by the operating guidelines and directives issued by NSE, BSE or such other recognized exchange in this regard. Risk associated with favorable taxation of certain scheme in India: In any event beyond the control of AMC if the scheme is not able to invest the minimum % of the threshold that it is required to invest in eligible asset classes as per the domestic income tax regulation and rule, the benefit of lower tax, if any, on income distribution or capital gains may not be available to the Unit Holders. The summary of tax implications given in the taxation section (Units and Offer Section) is based on the existing provisions of the tax laws. The current taxation laws may change due to change in the domestic Tax Act or any subsequent changes / amendments in Finance Act / Rules / Regulations. Such change may entail a higher tax to the scheme or to the investors by way of any tax as made applicable thus adversely impacting the scheme. The investor is requested to consult their tax counsel for detail understanding of the tax laws and the risk factor associated with such tax laws. Risks associated with Equity and Equity-related securities / investments: i. Price Risk: Equity shares and equity related instruments are volatile and prone to price fluctuations on a daily basis. The value of the Schemes’ equity investments, may be affected generally by factors affecting securities markets, such as price and volume volatility in the capital markets, interest rates, currency exchange rates, changes in policies of the Government, taxation laws or any other appropriate authority policies and other political and economic developments which may have an adverse bearing on individual securities, a specific sector or all sectors. Investments in equity shares and equity-related instruments involve a degree of risk and investors should not invest in the Scheme unless they can afford to take the risks. Investors may note that dividend is due only when declared and there is no assurance that a company (even though it may have a track record of payment of dividend in the past) may continue paying dividend in future. As such, the scheme is vulnerable to instances where investments in securities may not earn dividend or where lesser dividend is declared by a company in subsequent years in which investments are made by schemes. As the profitability of companies are likely to vary and have a material bearing on their ability to declare and pay dividend, the performance of the scheme may be adversely affected due to such factors.Changes in government policy in general and changes in tax benefits applicable to Mutual Funds may impact the returns to investors in the Schemes 10ii. Liquidity Risk for listed securities: While securities that are listed on the stock exchange carry lower liquidity risk, the ability to execute investment strategies or sell these investments could be limited by the overall trading volume, settlement periods, transfer cycles on the stock exchanges and may lead to the Scheme not realizing desired price and may incur losses till the security is finally sold. Although the investment universe constitutes securities which will have high market liquidity, there is a possibility that market liquidity could get impacted on account of company/sector/general market related events and there could be a price impact on account of portfolio rebalancing and/or liquidity demands on account of redemptions. Risk of Substantial Redemptions in ETFs: The Scheme(s) at times may receive large number or large value of direct redemption requests as per the provision of the SID. The liquidity of underlying investments may be restricted by trading volumes and settlement periods. Settlement periods may be extended significantly by unforeseen circumstances beyond the influence of the AMC. The inability of the Scheme to sell intended securities due to liquidity & settlement problems, could cause delay for processing the large number of direct redemptions. The Trustee, in the general interest of the Unit holders of the Schemes offered under this SID and keeping in view of the unforeseen circumstances/unusual market conditions, may limit the total number of Units which can be redeemed on any Working Day depending on the total “Saleable Underlying Stock” available with the Fund. Risk associated with principles of efficient portfolio management: The Scheme may use models, techniques and instruments for efficient portfolio management and may also attempt to hedge or reduce the risk. The Scheme’s ability to use these techniques may be limited by market conditions, regulatory limits and tax considerations (if any). The use of these techniques is further dependent on the ability to predict movements in the prices of securities being hedged and movements in macro variables such as interest rates. There exists an imperfect correlation between the hedging instruments and the securities or market sectors being hedged. Thus due to mentioned bottleneck these techniques and instruments if imperfectly used have the risk of the Scheme incurring losses due to mismatches particularly in a volatile market. There could be possible absence of a liquid market for any particular instrument at any particular time even though the futures and options may be bought and sold on an exchanges. Further the returns from the types of securities or assets in which the scheme invests may under perform returns of general Securities markets or different asset classes. Different types of Securities tend to go through cycles of out-performance and under-performance in comparison of Securities markets. Risk Factors associated with investments in passive schemes: i. Passive Investments: As the scheme proposes to invest not less than 95% of the net assets in the securities of the benchmark Index, the Scheme will not be actively managed. The Scheme may be affected by a general decline in the Indian markets relating to its Underlying Index. The Scheme invests in the securities included in its underlying index regardless of their investment merit. The AMC does not attempt to individually select stocks or to take defensive positions in declining markets. The value of the Scheme’s investments, may be affected generally by factors affecting equity markets, such as price and volume volatility in the capital markets, interest rates, currency exchange rates, changes in policies of the Government, taxation laws or any other appropriate authority policies and other political and economic developments which may have an adverse bearing on individual securities, a specific sector or all sectors. Consequently, the NAV of the Units of the Scheme may fluctuate and can go up or down. The scheme will be investing only in the securities included in the underlying index and will be exposed to additional concentration risk in cases where the underlying index has concentration towards any specific sector, theme or market capitalization. The AMC will not have any option to reduce the concentration risk by diversifying the investments. 11In the event the Nifty Midcap 150 index Market is dissolved or withdrawn by NSE, the Trustees reserve the right to modify the schemes so as to track a different and suitable index and appropriate intimation will be sent to the unitholder of the scheme. ii. b. Tracking Error and Tracking Difference Risk: SO No. 10 The Fund Manager would not be able to invest the entire corpus exactly in the same proportion as in the underlying index due to certain factors such as the fees and expenses of the respective scheme, corporate actions, cash balance, changes to the underlying index and regulatory policies which may affect AMC’s ability to achieve close correlation with the underlying index of the scheme. The scheme’s returns may therefore deviate from those of its underlying index. “Tracking Error” is defined as the standard deviation of the difference between daily returns of the underlying index and the NAV of the respective scheme. “Tracking Difference” is the annualized difference of daily returns between the Index and the NAV of the scheme (difference between fund return and the index return). Tracking Error and Tracking difference may arise including but not limited to the following reasons: i. Expenditure incurred by the fund. ii. The holding of a cash position and accrued income prior to distribution of income and payment of accrued expenses. The fund may not be invested at all time as it may keep a portion of the funds in cash to meet redemptions or for corporate actions. iii. Securities trading may halt temporarily due to circuit filters. iv. Corporate actions such as debenture or warrant conversion, rights, merger, change in constituents etc. v. Rounding off of quantity of shares in underlying index. vi. Dividend payout. vii. Disinvestments to meet redemptions, recurring expenses, IDCW payouts etc. viii. Execution of large buys / sell orders ix. Transaction cost (including taxes and insurance premium) and recurring expenses x. Realization of Unit holders funds xi. Index providers may either exclude or include new scrips in their periodic review of the scrips that comprise the underlying index. In such an event, the Fund will try to reallocate its portfolio but the available investment/reinvestment opportunity may not permit absolute mirroring immediately. SEBI Regulations (if any) may impose restrictions on the investment and/or divestment activities of the Scheme. Such restrictions are typically outside the control of the AMC and may cause or exacerbate the Tracking Error. It will be the endeavor of the fund manager to keep the tracking error as low as possible. However, in case of events like, dividend received from underlying securities, rights issue from underlying securities, and market volatility during rebalancing of the portfolio following the rebalancing of the underlying index, etc. or in abnormal market circumstances may result in tracking error. There can be no assurance or guarantee that the Scheme will achieve any particular level of tracking error relative to performance of the Index. Model Risk: The scheme seeks to invest in a portfolio of 50 companies using a two-factor model, developed through rigorous back-testing and research. However, there is no guarantee that this model will outperform the benchmark or generate higher returns. Portfolio Churn risk: The scheme is subject to portfolio churn risk, which arises from frequent buying and selling of securities within the fund. High portfolio churn may lead to increased transaction costs and tax implications. Smaller Capitalisation Companies Securities of smaller capitalisation companies may, from time to time, and especially in falling markets, become illiquid and experience short-term price volatility and wide spreads between bid and offer prices. Investment in smaller capitalisation companies may involve higher risk than investment in larger companies. The securities of smaller companies may be subject to more abrupt or erratic market movements than larger, more established companies or the market average in general. These companies may have limited product lines, markets or financial resources, or they may be dependent on a limited management group. Full development of those companies takes time. In addition, many small company stocks trade less frequently and in smaller volume, and may be subject to more abrupt or erratic price movements than stocks of large companies. The securities of small companies may also be more sensitive to market changes than the securities 12of large companies. These factors may result in above-average fluctuations in the Net Asset Value of the scheme. Concentration Risk: When a Mutual Fund Scheme, by mandate, restricts its investments only to a particular sector or theme; there arises a risk called concentration risk. If the sector, for any reason, fails to perform, the portfolio value will plummet and the Investment Manager will not be able to diversify the investment in any other sector. Investments under this scheme will be in equity or equity related stocks spanning across the selected theme. Hence the concentration risks could be high. Risks pertaining to transacting in listed units of scheme /ETFs: a) Absence of Prior Active Market: Although the Scheme is listed on Stock Exchange, there can be no assurance that an active secondary market will develop or be maintained. Hence there would be time when trading in the Units of the Scheme would be infrequent. b) Trading in Units may be Halted: Trading in the Units of the Schemes on Stock Exchange may be halted because of market conditions or for reasons that in view of Stock Exchange or SEBI, trading in the Units of the Schemes are not advisable. In addition, trading of the Units of the Scheme are subject to trading halts caused by extraordinary market volatility and pursuant to Stock Exchange and SEBI circuit filter rules. There can be no assurance that the requirements of Stock Exchange necessary to maintain the listing of the Units of the Schemes will continue to be met or will remain unchanged. c) Units of the Schemes May Trade at Prices Other than NAV: The Units of the Schemes may trade above or below their NAV. The NAV of the Schemes will fluctuate with changes in the market value of the holdings of the Schemes. The trading prices of the Units of the Schemes will fluctuate in accordance with changes in their NAV as well as market supply and demand for the Units of the Schemes. However, given that Units of the Schemes can be created and redeemed in Creation Units directly with the Fund, it is expected that large discounts or premiums to the NAV of Units of the Schemes will not sustain due to arbitrage opportunity available. d) Other Risk related to listed units: The units will be issued only in dematerialized form through depositories. The records of the depository are final with respect to the number of units available to the credit of unit holder. Settlement of trades, repurchase of units by the mutual fund during the liquidity window depend upon the confirmations to be received from depository (ies) on which the mutual fund has no control. Investors may note that the scheme would only repurchase units from the Market Makers & Large Investors in eligible Creation Unit Size. Thus unit holdings less than the eligible Creation Unit Size can only be sold through the secondary market on the exchanges The trading mechanism introduced by the stock exchange(s) is configured to accept and process transactions for mutual fund units in both Physical and Demat Form. The allotment and/or redemption of Units through NSE and/or BSE or any other recognised stock exchange(s), on any Business Day will depend upon the modalities of processing viz. collection of application form, order processing/settlement, etc. upon which the Fund has no control. However, units of the Scheme can only be subscribed in demat mode. Moreover, transactions conducted through the stock exchange mechanism shall be governed by the operating guidelines and directives issued by respective recognized stock exchange(s). Any changes in trading regulations by Stock Exchange or SEBI may affect the ability of market maker to arbitrage resulting into wider premium/discount to NAV. Risk associated with Cash and Cash Equivalents i. Price-Risk or Interest-Rate Risk: Cash and cash equivalents run price-risk or interest-rate risk. Generally, when interest rates rise, prices of existing securities fall and when interest rates drop, such prices increase. The extent of fall or rise in the 13prices is a function of the existing coupon, days to maturity and the increase or decrease in the level of interest rates. However, Cash and cash equivalents in this scheme are intended to be held till maturity. For such securities held till maturity, there will not be any interest rate risk at the end of the tenure. ii. Liquidity or Marketability Risk: This refers to the ease with which a security can be sold at or near to its valuation Yield-to-Maturity (YTM). The primary measure of liquidity risk is the spread between the bid price and the offer price quoted by a dealer. iii. Reinvestment Risk: Investments in cash and cash equivalents may carry reinvestment risk as interest rates prevailing on the interest or maturity due dates may differ from the original coupon of the bond. Consequently, the proceeds may get invested at a lower rate. iv. Pre-payment Risk: Certain cash and cash equivalents give an issuer the right to call back its securities before their maturity date, in periods of declining interest rates. The possibility of such prepayment may force the fund to reinvest the proceeds of such investments in securities offering lower yields, resulting in lower interest income for the fund. Risk associated with Securities Lending & Borrowing: Securities Lending and Borrowing (“SLB”) is an exchange traded product in India, with trades done on order matching platforms setup by the clearing corporation/house of recognized stock exchanges. In accordance with SEBI guidelines, there is a robust risk management system and safeguards exercised by the clearing corporation/house, which also guarantee financial settlement hence eliminating counterparty risk on borrowers. The Scheme may participate as a lender in the SLB market and lend securities held in the portfolio for earning fees from such lending to enhance revenue of the Scheme. The key risk to the Scheme is creation of temporary illiquidity due to the inability to sell such lent securities, till the time such securities are returned on the contractual settlement date or on exercise of early recall. Risk associated with use of equity derivatives in the ETFs: The Scheme may periodically invest in derivative securities e.g. when a stock(s) is entering/exiting the benchmark index. However, the Scheme will not use derivative instruments for speculative purposes or to leverage its net assets. There may be a cost attached to buying index futures or other derivative instrument. Further there could be an element of settlement risk, which could be different from the risk in settling physical shares. Risks associated with trading in derivatives: The use of derivatives may expose Scheme to a higher degree of risk. In particular, derivative contracts can be highly volatile, and the amount of initial margin is generally small relative to the size of the contract so that transactions may be leveraged in terms of market exposure. A relatively small market movement may have a potentially larger impact on derivatives than on standard bonds or equities. Leveraged derivative positions can therefore increase Scheme volatility. Derivatives require the maintenance of adequate controls to monitor the transactions and the embedded market risks that they add to the portfolio. Besides the price of the underlying asset, the volatility, tenor and interest rates affect the pricing of derivatives. Other risks in using derivatives include but are not limited to: (a) Counterparty Risk - this occurs when a counterparty fails to abide by its contractual obligations and therefore, the Scheme are compelled to negotiate with another counter party, at the then prevailing (possibly unfavourable) market price. For exchange traded derivatives, the risk is mitigated as the exchange provides the guaranteed settlement but one takes the performance risk on the exchange. 14(b) Market Liquidity Risk - this occurs where the derivatives cannot be transacted due to limited trading volumes and/or the transaction is completed with a severe price impact. (c) Model Risk - the risk of mis-pricing or improper valuation of derivatives. (d) Basis Risk - arises due to a difference in the price movement of the derivative vis-à-vis that of the security being hedged. Derivative products are leveraged instruments and can provide disproportionate gains as well as disproportionate losses to the investor. Execution of such strategies depends upon the ability of the fund manager to identify such opportunities. Identification and execution of the strategies to be pursued involve uncertainty and decision of the Investment Manager may not always be profitable. No assurance can be given that the Investment Manager will be able to identify or execute such strategies. Some other risks investors must read carefully before making any investments in this Scheme, as it is expected to make investments in equity derivatives are as follows: Derivative trades involve execution risks, whereby the rates seen on the screen may not be the rate at which ultimate execution takes place. • The option buyer’s risk is limited to the premium paid. • Investments in index/stock futures face the similar risk as the investments in the underlying stock or index. • Risk of loss in trading in futures contracts can be substantial, because of the low margin deposits required, the extremely high degree of leverage involved in futures pricing and potentially high volatility of the futures markets. • The derivatives market may not have the volumes that may be seen in other developed markets, which may result in volatility in the values. • The risks associated with the use of derivatives are different from or possibly greater than, the risks associated with investing directly in securities and other traditional investments. Risk factors associated with investment in Tri-Party Repo: The mutual fund is a member of securities segment and Triparty Repo trade settlement of the Clearing Corporation of India (CCIL). All transactions of the mutual fund in government securities and in Tri-party Repo trades are settled centrally through the infrastructure and settlement systems provided by CCIL; thus reducing the settlement and counterparty risks considerably for transactions in the said segments. The members are required to contribute an amount as communicated by CCIL from time to time to the default fund maintained by CCIL as a part of the default waterfall (a loss mitigating measure of CCIL in case of default by any member in settling transactions routed through CCIL). As per the waterfall mechanism, after the defaulter’s margins and the defaulter’s contribution to the default fund have been appropriated, CCIL’s contribution is used to meet the losses. Post utilization of CCIL’s contribution if there is a residual loss, it is appropriated from the default fund contributions of the non-defaulting members. Thus the scheme is subject to risk of the initial margin and default fund contribution being invoked in the event of failure of any settlement obligations. In addition, the fund contribution is allowed to be used to meet the residual loss in case of default by the other clearing member (the defaulting member). CCIL shall maintain two separate Default Funds in respect of its Securities Segment, one with a view to meet losses arising out of any default by its members from outright and repo trades and the other for meeting losses arising out of any default by its members from Triparty Repo trades. The mutual fund is exposed to the extent of its contribution to the default fund of CCIL, in the event that the contribution of the mutual fund is called upon to absorb settlement/ default losses of another member by CCIL, as a result the scheme may lose an amount equivalent to its contribution to the default fund Risk factor pertaining to investment in REITS: Market Risk: REITs are volatile and prone to price fluctuations on a daily basis owing to market movements. Investors may note that AMC/Fund Manager‘s investment decisions may not always be profitable, as actual market movements may be at variance with the anticipated trends. The NAV of the Scheme is vulnerable to movements in the prices of securities invested by the scheme, due to various market related factors like 15changes in the general market conditions, factors and forces affecting capital market, level of interest rates, trading volumes, settlement periods and transfer procedures. The scheme will undertake active portfolio management as per the investment objective to reduce the marker risk. Liquidity Risk: As the liquidity of the investments made by the Scheme(s) could, at times, be restricted by trading volumes and settlement periods, the time taken by the Mutual Fund for liquidating the investments in the scheme may be high in the event of immediate redemption requirement. Investment in such securities may lead to increase in the scheme portfolio risk. The fund will try to maintain a proper asset-liability match to ensure redemption payments are made on time and not affected by illiquidity of the underlying units. Reinvestment Risk: Investments in REITs may carry reinvestment risk as there could be repatriation of funds by the Trusts in form of buyback of units or dividend pay-outs, etc. Consequently, the proceeds may get invested in assets providing lower returns. However, the reinvestment risk will be limited as the proceeds are expected to be a small portion of the portfolio value. The above are some of the common risks associated with investments in REITs. There can be no assurance that a Scheme’s investment objectives will be achieved, or that there will be no loss of capital. Investment results may vary substantially on a monthly, quarterly or annual basis. RISK MITIGATION STRATEGIES SO No. 09 • Market Risk, Concentration Risk & Liquidity Risk: This being an open-ended scheme replicating/tracking equity Index, above mentioned risks are inherent to this scheme similar to other equity schemes. The scheme being a passive fund will predominantly be investing in underlying index, the Investment Manager will endeavor to minimize above risks, however it will have a limited role in the same. • Risk Associated with cash and cash equivalent: The scheme will invest in securities as per the intended allocation and thus this risk are low as compared to other risk mentioned above. The AMC will endeavor to minimize the Liquidity Risk, Interest Rate Risk, Reinvestment Risk. • Risk associated with Stock Lending: The investment managers will ensure adherence to the limits assigned for stock lending and will ensure that the liquidity Risk is managed actively within the portfolio liquidity limits by maintaining proper asset-liability match to ensure payout of the obligations. Also to ensure that the counterparty risk is limited the AMC will participate in stock lending only through exchange mechanism where the settlement is guaranteed. • Risk associated with derivatives: The investment managers will invest only in exchange traded derivatives (settlement guaranteed) and the investment shall be in line with guidelines and regulatory limits as specified by regulators & scheme documents. No investment will be made in OTC derivative contracts for equity derivatives. • Tracking Error and tracking difference: The Investment Manager would monitor the tracking error and tracking difference of the Scheme on an ongoing basis and would seek to minimize tracking error to the maximum extent possible. The investment manager will endeavour to maintain low cash levels to minimize tracking error and tracking difference. • Transaction in listed units: The AMC with help of market makers will monitor and ensure liquidity on the exchanges for trading the units of the ETF. The AMC will also offer direct redemption under special circumstances as defined in in SECTION II. – G. Other Scheme Specific Disclosures - Redemption. • Equity Market Risk: Market risk is inherent to this scheme similar to other equity schemes and is exposed to all the market risk that are inherent to the underlying index at all times. The AMC will ensure that the investment in the scheme are aligned to the underlying index and thus minimizing any additional idiosyncratic risk. VII. Index methodology/ Details of underlying fund in case of Fund of Funds Index Provider 16NSE Indices Limited. (Formerly known as India Index Services & Products Limited (IISL), a subsidiary of NSE, pr ovides a variety of indices and index related services and products for the Indian capital markets. Index Governance: A professional team manages all NSE indices. There is a three-tier governance structure co mprising the Board of Directors of NSE Indices Limited, the Index Advisory Committee (Equity) and the Index M aintenance Sub-Committee. Index Construction & Review Methodology: Eligible Universe Nifty Midcap 150 represents the next 150 companies (companies ranked 101-250) based on full market capitalisation from Nifty 500. Index Construction Eligibility Criteria for Selection of Constituent Stocks: 1) To be considered for inclusion in Nifty Midcap 150 index, companies must form part of Nifty 500 2) Securities will be included if rank based on full market capitalisation is among top 225 3) Securities will be included if full market capitalisation is 1.50 times of the last constituent in Nifty Midcap 150 4) Securities will be excluded if rank based on full market capitalisation falls below 275 or if constituents get excluded from Nifty 500. 5) Eligibility criteria for newly listed security is checked based on the data for a three-month period instead of a six-month period Constituents Weightings Index constituents are weighted based on their float-adjusted market capitalization. Reconstitution and Rebalancing criteria: The index is rebalanced semi-annually in March and September. Constituent Details as on September 30, 2025: Sr No. Security Name Weights Impact Cost 1 360 ONE WAM LTD. 0.7% 0.05 2 3M INDIA LTD. 0.2% 0.06 3 ABBOTT INDIA LTD. 0.4% 0.06 4 ADITYA BIRLA CAPITAL LTD. 0.6% 0.04 5 ACC LTD. 0.3% 0.03 6 AIA ENGINEERING LTD. 0.3% 0.07 7 AJANTA PHARMACEUTICALS LTD. 0.3% 0.06 8 ALKEM LABORATORIES LTD. 0.8% 0.04 9 APAR INDUSTRIES LTD. 0.4% 0.05 10 APL APOLLO TUBES LTD. 0.8% 0.04 11 APOLLO TYRES LTD. 0.4% 0.03 12 ASHOK LEYLAND LTD. 1.1% 0.02 13 ASTRAL LTD. 0.5% 0.04 14 ADANI TOTAL GAS LTD. 0.5% 0.04 15 AU SMALL FINANCE BANK LTD. 1.1% 0.04 16 AUROBINDO PHARMA LTD. 0.8% 0.03 17 AWL AGRI BUSINESS LTD. 0.2% 0.05 1718 BALKRISHNA INDUSTRIES LTD. 0.5% 0.03 19 BANK OF INDIA 0.4% 0.03 20 BHARAT DYNAMICS LTD. 0.4% 0.03 21 BERGER PAINTS INDIA LTD. 0.4% 0.04 22 BHARAT FORGE LTD. 0.9% 0.03 23 BHARTI HEXACOM LTD. 0.3% 0.06 24 BHARAT HEAVY ELECTRICALS LTD. 0.9% 0.03 25 BIOCON LTD. 0.6% 0.04 26 BLUE STAR LTD. 0.7% 0.04 27 BSE LTD. 2.3% 0.03 28 COCHIN SHIPYARD LTD. 0.4% 0.05 29 COFORGE LTD. 1.5% 0.03 30 COLGATE PALMOLIVE (INDIA) LTD. 0.8% 0.03 31 CONTAINER CORPORATION OF INDIA LTD. 0.5% 0.03 32 COROMANDEL INTERNATIONAL LTD. 0.7% 0.03 33 CRISIL LTD. 0.3% 0.05 34 CUMMINS INDIA LTD. 1.5% 0.03 35 DABUR INDIA LTD. 0.8% 0.02 36 DALMIA BHARAT LTD. 0.5% 0.05 37 DEEPAK NITRITE LTD. 0.3% 0.05 38 DIXON TECHNOLOGIES (INDIA) LTD. 1.9% 0.03 39 ENDURANCE TECHNOLOGIES LTD. 0.3% 0.07 40 ESCORTS KUBOTA LTD. 0.3% 0.04 41 EXIDE INDUSTRIES LTD. 0.5% 0.03 42 FERTILISERS AND CHEMICALS TRAVANCORE LTD. 0.2% 0.05 43 FEDERAL BANK LTD. 1.3% 0.02 44 GUJARAT FLUOROCHEMICALS LTD. 0.4% 0.06 45 FORTIS HEALTHCARE LTD. 1.4% 0.04 46 GENERAL INSURANCE CORPORATION OF INDIA 0.3% 0.05 47 GLAXOSMITHKLINE PHARMACEUTICALS LTD. 0.3% 0.05 48 GLENMARK PHARMACEUTICALS LTD. 0.8% 0.04 49 GMR AIRPORTS LTD. 0.9% 0.04 50 GODFREY PHILLIPS INDIA LTD. 0.4% 0.35 51 GODREJ INDUSTRIES LTD. 0.1% 0.08 52 GODREJ PROPERTIES LTD. 0.8% 0.04 53 GUJARAT GAS LTD. 0.2% 0.06 54 GE VERNOVA T&D INDIA LTD. 1.0% 0.24 55 HDFC ASSET MANAGEMENT COMPANY LTD. 1.6% 0.03 56 HERO MOTOCORP LTD. 2.0% 0.02 57 HEXAWARE TECHNOLOGIES LTD. 0.2% 0.06 58 HINDUSTAN PETROLEUM CORPORATION LTD. 1.2% 0.03 1859 HONEYWELL AUTOMATION INDIA LTD. 0.2% 0.06 60 HOUSING & URBAN DEVELOPMENT CORPORATION LTD. 0.3% 0.05 61 ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD. 0.6% 0.04 62 IDBI BANK LTD. 0.1% 0.04 63 VODAFONE IDEA LTD. 0.6% 0.09 64 IDFC FIRST BANK LTD. 1.3% 0.03 65 INDRAPRASTHA GAS LTD. 0.4% 0.04 66 INDIAN BANK 0.7% 0.04 67 INDUSIND BANK LTD. 1.3% 0.04 68 INDUS TOWERS LTD. 1.3% 0.04 69 INDIAN OVERSEAS BANK 0.1% 0.05 70 IPCA LABORATORIES LTD. 0.5% 0.06 71 IRB INFRASTRUCTURE DEVELOPERS LTD. 0.2% 0.05 72 INDIAN RAILWAY CATERING AND TOURISM CORPORATION LTD. 0.6% 0.03 73 INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY LTD. 0.3% 0.04 74 ITC HOTELS LTD. 0.6% 0.05 75 J.K. CEMENT LTD. 0.7% 0.05 76 JINDAL STAINLESS LTD. 0.7% 0.05 77 JSW INFRASTRUCTURE LTD. 0.3% 0.05 78 JUBILANT FOODWORKS LTD. 0.7% 0.04 79 KALYAN JEWELLERS INDIA LTD. 0.5% 0.03 80 KEI INDUSTRIES LTD. 0.7% 0.04 81 KPIT TECHNOLOGIES LTD. 0.5% 0.04 82 K.P.R. MILL LTD. 0.3% 0.07 83 LIC HOUSING FINANCE LTD. 0.5% 0.02 84 LINDE INDIA LTD. 0.4% 0.05 85 LLOYDS METALS AND ENERGY LTD. 0.4% 0.06 86 L&T FINANCE LTD. 0.6% 0.04 87 L&T TECHNOLOGY SERVICES LTD. 0.3% 0.05 88 LUPIN LTD. 1.3% 0.03 89 MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. 0.5% 0.04 90 BANK OF MAHARASHTRA 0.2% 0.04 91 MANKIND PHARMA LTD. 0.8% 0.04 92 MARICO LTD. 1.0% 0.02 93 GLOBAL HEALTH LTD. 0.3% 0.06 94 MAX FINANCIAL SERVICES LTD. 1.2% 0.03 95 MOTILAL OSWAL FINANCIAL SERVICES LTD. 0.4% 0.04 96 MPHASIS LTD. 0.8% 0.03 97 MRF LTD. 0.8% 0.03 98 MUTHOOT FINANCE LTD. 0.9% 0.05 99 NIPPON LIFE INDIA ASSET MANAGEMENT LTD. 0.4% 0.04 19100 NATIONAL ALUMINIUM CO. LTD. 0.5% 0.03 101 NHPC LTD. 0.8% 0.04 102 THE NEW INDIA ASSURANCE COMPANY LTD. 0.1% 0.06 103 NLC INDIA LTD. 0.3% 0.05 104 NMDC LTD. 0.7% 0.04 105 NTPC GREEN ENERGY LTD. 0.3% 0.04 106 FSN E-COMMERCE VENTURES LTD. 0.9% 0.03 107 OBEROI REALTY LTD. 0.5% 0.04 108 ORACLE FINANCIAL SERVICES SOFTWARE LTD. 0.6% 0.03 109 OIL INDIA LTD. 0.6% 0.04 110 PAGE INDUSTRIES LTD. 0.7% 0.03 111 PATANJALI FOODS LTD. 0.5% 0.03 112 ONE 97 COMMUNICATIONS LTD. 1.1% 0.03 113 PERSISTENT SYSTEMS LTD. 1.4% 0.03 114 PETRONET LNG LTD. 0.6% 0.03 115 PROCTER & GAMBLE HYGIENE & HEALTH CARE LTD. 0.4% 0.06 116 PHOENIX MILLS LTD. 0.8% 0.04 117 PI INDUSTRIES LTD. 0.8% 0.04 118 PB FINTECH LTD. 1.6% 0.03 119 POLYCAB INDIA LTD. 1.0% 0.03 120 HITACHI ENERGY INDIA LTD. 0.6% 0.04 121 PREMIER ENERGIES LTD. 0.3% 0.05 122 PRESTIGE ESTATES PROJECTS LTD. 0.7% 0.05 123 RAIL VIKAS NIGAM LTD. 0.5% 0.03 124 STEEL AUTHORITY OF INDIA LTD. 0.5% 0.02 125 SBI CARDS AND PAYMENT SERVICES LTD. 0.7% 0.04 126 SCHAEFFLER INDIA LTD. 0.5% 0.05 127 SJVN LTD. 0.2% 0.05 128 SONA BLW PRECISION FORGINGS LTD. 0.5% 0.04 129 SRF LTD. 1.1% 0.03 130 SUNDARAM FINANCE LTD. 0.8% 0.05 131 SUPREME INDUSTRIES LTD. 0.8% 0.03 132 SUZLON ENERGY LTD. 1.9% 0.04 133 SWIGGY LTD. 1.0% 0.05 134 SYNGENE INTERNATIONAL LTD. 0.3% 0.04 135 TATA COMMUNICATIONS LTD. 0.5% 0.04 136 TATA ELXSI LTD. 0.5% 0.03 137 TATA INVESTMENT CORPORATION LTD. 0.4% 0.05 138 TATA TECHNOLOGIES LTD. 0.3% 0.04 139 THERMAX LTD. 0.3% 0.05 140 TUBE INVESTMENTS OF INDIA LTD. 0.9% 0.03 20141 TORRENT POWER LTD. 0.6% 0.05 142 UNITED BREWERIES LTD. 0.4% 0.05 143 UCO BANK 0.1% 0.06 144 UNION BANK OF INDIA 0.7% 0.03 145 UNO MINDA LTD. 0.6% 0.05 146 UPL LTD. 1.0% 0.03 147 VISHAL MEGA MART LTD. 0.9% 0.04 148 VOLTAS LTD. 0.9% 0.03 149 WAAREE ENERGIES LTD. 0.9% 0.04 150 YES BANK LTD. 1.2% 0.04 Details of Benchmark, Investment Objective, Investment Strategy, TER,AUM, Year wise performance, Top 10 holding/link to top 10 holding of the underlying fund- Not applicable VIII. List of official points of acceptance Website Link- https://www.dspim.com/mandatory-disclosures/disclosures-under-offer-documents/list-of- investor-service-centers-iscs-official-points-of-official-points-of-acceptance-collecting-banker-details Penalties, Pending Litigation or Proceedings, Findings of Inspections or Investigations For Which Action May Have Been Taken Or Is In The Process Of Being Taken By Any Regulatory Authority SO No. 49 & 50 Investors are requested to refer AMC website. (Link- https://www.dspim.com/mandatory- disclosures/disclosures-under-offer-documents/penalties-pending-litigation-or-proceedings-findings-of- inspections-or-investigations). IX. Investor services Contact details for general service requests: Investors may contact any of the AMC's Investor Service Centers or call on Toll Free number 1800-208-4499 or 1800-200-4499 for any queries. E-mail: service@dspim.com Contact details for complaint resolution: Mr. Santosh Pandey Investor Relations Officer DSP Asset Managers Private Limited, The Ruby, 25th Floor, 29, Senapati Bapat Marg, Dadar (West), Mumbai – 400028, Tel.: +91 22 6657 8000 Stock Exchange Transactions: For grievances related to stock exchange transactions, contact either the stockbroker or the investor grievances cell of the respective stock exchange. X. Portfolio Disclosure This being a new Scheme, this is not available. Portfolio Turnover Policy Portfolio Turnover measures the volume of trading that occurs in a Scheme’s portfolio during a given time period. The Scheme is an open-ended Exchange Traded Fund and it is expected that there may be a number of subscriptions and repurchases on a daily basis through Stock Exchange(s) or Market Makers and Large Investors. Generally, turnover will depend upon the extent of purchase and redemption of units and the need to rebalance the portfolio on account of change in the composition, if any, and corporate actions of securities included in 21the underlying index. However, it will be the endeavor of the Fund Manager to maintain an optimal portfolio turnover rate commensurate with the investment objective of the Scheme and the purchase/ redemption transactions on an ongoing basis in the Scheme. . Portfolio Turnover Rate- This being a new Scheme, this is not available. XI. Detailed comparative table of the existing schemes of AMC List of existing ETFs: 1. DSP BSE Liquid Rate ETF 2. DSP BSE Sensex ETF 3. DSP Gold ETF 4. DSP Nifty 1D Rate Liquid ETF 5. DSP Nifty 50 Equal Weight ETF 6. DSP Nifty 50 ETF 7. DSP Nifty Bank ETF 8. DSP Nifty Healthcare ETF 9. DSP Nifty IT ETF 10. DSP Nifty Midcap 150 Quality 50 ETF 11. DSP Nifty Private Bank ETF 12. DSP Nifty PSU Bank ETF 13. DSP Silver ETF 14. DSP Nifty Top 10 Equal Weight ETF 15. DSP BSE Sensex Next 30 ETF 16. DSP Nifty500 Flexicap Quality 30 ETF For further details please refer our website: (website link -https://www.dspim.com/mandatory- disclosures/disclosures-under-offer-documents/scheme-comparison) XII. Scheme performance This being a new Scheme, there is no performance track record. XIII. Periodic Disclosures A. Portfolio Disclosure The portfolio of the Scheme shall be available in a user-friendly and downloadable format on the website viz. www.dspim.com on or before the tenth day of from close of each quarter. In case of unit holders whose email addresses are registered with the Fund, the AMC shall send portfolio via email within 10 days from the end of each quarter. The AMC shall provide a physical copy of the statement of the Scheme portfolio, without charging any cost, on specific request received from a unitholder. Refer to AMC website (link- https://www.dspim.com/mandatory-disclosures/portfolio-disclosures) AMFI website (link- https://www.amfiindia.com/investor-corner/online-center/portfoliodisclosure) for further details. B. Annual Report Annual report or Abridged Summary, in the format prescribed by SEBI, will be hosted on AMC’s website www.dspim.com and on the website of AMFI www.amfiindia.com. Annual Report or Abridged Summary will also be sent by way of e-mail to the investor’s who have registered their email address with the Fund not later than four months from the date of the closure of the relevant financial year i.e. March 31 each year. In case of unit holders whose email addresses are not available with the Fund, the AMC shall send physical copies of scheme annual reports or abridged summary to those unitholders who have ‘opted-in’ to receive 22physical copies. The opt-in facility to receive physical copy of the scheme-wise annual report or abridged summary thereof shall be provided in the application form for new subscribers. Unitholders who still wish to receive physical copies of the annual report/abridged summary notwithstanding their registration of e-mail addresses with the Fund, may indicate their option to the AMC in writing and AMC shall provide abridged summary of annual report without charging any cost. Physical copies of the report will also be available to the unitholders at the registered offices at all times. For request on physical copy refer relevant disclosures mentioned in the SAI available on AMC website i.e. www.dspim.com The advertisement in this reference will be published by the Fund in all India edition of atleast two daily newspapers, one each in English and Hindi. Investors are requested to register their e-mail addresses with Mutual Fund. Refer to AMC website (link- https://www.dspim.com/mandatory-disclosures/annual-reports), AMFI website (link- https://www.amfiindia.com/research-information/other-data/accounts-data) for further details. C. Risk-o-meter SO No. 38 In accordance with SEBI circular no. SEBI/HO/IMD/PoD1/CIR/P/2024/150 dated November 05, 2024, in addition to the existing labels relating to levels of risk i.e. Low, Low to Moderate, Moderate, Moderately High, High and Very High, the Risk-o-meter shall also be depicted using a colour scheme. In accordance with clause 5.16.1 of the SEBI Master Circular, AMC, based on internal assessment, shall disclose the following in all disclosures, including promotional material or that stipulated by SEBI: a. risk-o-meter of the scheme wherever the performance of the scheme is disclosed. b. risk-o-meter of the scheme and benchmark wherever the performance of the scheme vis-à-vis that of the benchmark is disclosed. The portfolio disclosure shall also include the scheme risk-o-meter, name of benchmark and risk-o-meter of benchmark. Further, as per Clause 17.4.1.i and 17.4.1.j of the Master Circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 dated June 27, 2024, Risk-o-meters shall be evaluated on a monthly basis and Mutual Funds/AMCs shall disclose the Risk-o-meters along with portfolio disclosure for their schemes on AMCs website and on AMFI website within 10 days from the close of each month) For AMC Refer Link-https://www.dspim.com/mandatory-disclosures/portfolio-disclosures) (For AMFI- refer link- https://www.amfiindia.com/investor-corner/online-center/riskmeterinformation). Mutual Funds shall also disclose the risk level of schemes as on March 31 of every year, along with number of times the risk level has changed over the year, on AMCs website and AMFI website (For AMC refer link- https://www.dspim.com/mandatory-disclosures/annual-risk-o-meter-disclosure) (for AMFI – refer Link https://www.amfiindia.com/investor-corner/online-center/riskmeterinformation). Investors may please note that the Risk-o-meter disclosed is basis internal assessment of the scheme portfolio as on the date of disclosure. Any change in risk-o-meter of the Scheme or its benchmark shall be communicated by way of Notice cum Addendum and by way of an e-mail or SMS to unitholders of that particular scheme D. Monthly Dashboard In accordance with clause 5.8.4 of SEBI Master Circular, the AMC has developed a dashboard on the website wherein the investor can access information relating to scheme’s AUM, investment objective, expense ratios, portfolio details and past performance of each scheme. Website link- https://www.dspim.com/mandatory-disclosures 23E. Tracking Error & Tracking Difference SO No. 39 Tracking Error: Tracking Error of the Scheme based on past one year rolling data, shall be disclosed on a daily basis, on the website of AMC i.e. www.dspim.com and AMFI. Tracking Difference: Tracking Difference shall be disclosed on the website of the AMC (i.e. www.dspim.com) and AMFI, on a monthly basis, for tenures 1 year, 3 year, 5 year, 10 year and since the date of allotment of units. Refer to AMC website- This being a new Scheme, this is not available. AMFI website (link- https://www.amfiindia.com/research-information/other-data/tracking_errordata) for further details. F. Issuer/Group/Sector Disclosure The Scheme shall disclose the following on monthly basis: i. Name and exposure to top 7 issuers and stocks respectively as a percentage of NAV of the scheme ii. Name and exposure to top 7 groups as a percentage of NAV of the scheme. iii. Name and exposure to top 4 sectors as a percentage of NAV of the scheme. Any change in constituents of the index, if any, shall be disclosed on the AMC website i.e. www.dspim.com on the day of change. Refer to AMC website- This being a new Scheme, this is not available. G. Scheme Summary Document SO No. 38 The AMC has provided on its website a standalone scheme document for all the Schemes which contains all the details of the Scheme including but not limited to Scheme features, Fund Manager details, investment details, investment objective, expense ratios, etc. Scheme summary document is uploaded on the websites of AMC, AMFI and stock exchanges in 3 data formats i.e. PDF, Spreadsheet and a machine readable format (either JSON or XML). Website link- https://www.dspim.com/mandatory-disclosures/scheme-summary-document H. Constituents and Methodology of the Index Updated constituents of the indices and methodology for the Scheme is available on the website of AMC (i.e. www.dspim.com ) under Mandatory Disclosure section. I. Special Considerations Investor are requested to read special consideration section in SAI. J. Transparency/NAV disclosure SO No. 41&42 The first NAV will be calculated and declared within 5 Business days from the date of allotment. Thereafter, the Mutual Fund shall declare the NAV of the Scheme on every Business Day, on AMFI’s website (www.amfiindia.com), by 11.00 p.m. and website of the AMC (www.dspim.com). The information on NAVs of the Scheme/plans may be obtained by the Unit Holders, on any day, by calling the office of the AMC or any of the Investor Service Centres at various locations. Latest available NAVs shall be available to unitholders through SMS, upon receiving a specific request in this regard. NAV will be calculated and declared on every Business Day, except in special circumstances described under ‘Restriction on Redemption of Units’ in the SAI. In case of delay, the reasons for such delay would be explained to AMFI in writing. If the NAVs of the Scheme are not available before commencement of business hours on the following day due to any reason, the Fund shall 24issue a press release providing reasons for the delay and explaining when the Fund would be able to publish the NAVs. Indicative NAV (iNAV): The AMC shall also calculate indicative NAV and will be updated during the market hours on its website www.dspim.com. Indicative NAV will not have any bearing on the creation or redemption of units directly with the Fund by the Market Makers /Large Investors. Indicative NAV shall be disclosed on Stock exchange(s), where the units will be listed, on continuous basis within a maximum time lag of 15 seconds during the trading hours. For transactions by Market Makers / large investors directly with the AMCs, intra-day NAV based on the executed price at which the securities representing the underlying index are purchased / sold will be applicable. XIV. Investment Strategies SO No. 1. Strategy for Equity Securities 27 & 28 The Scheme will be managed passively with investments in stocks in the same proportion as in Nifty Midcap 150 Index (underlying index). The investment strategy would revolve around minimizing the tracking error through periodic rebalancing of the portfolio, taking into account the change in weights of stocks in the indices as well as the incremental subscriptions / redemptions in the Scheme. A small portion of the net assets may be held as cash & cash equivalents to meet the liquidity requirements under the Scheme. 2. Strategy for Derivatives Exposure to equity derivatives of the index itself or its constituent stocks may be undertaken when equity shares are unavailable, insufficient or for rebalancing in case of corporate actions for a temporary period on defensive considerations. Derivative products are leveraged instruments and can provide disproportionate gains as well as disproportionate losses to the investor. Execution of such strategies depends upon the ability of the fund manager to identify such opportunities. Identification and execution of the strategies to be pursued by the fund manager involve uncertainty and decision of fund manager may not always be profitable. No assurance can be given that the fund manager will be able to identify or execute such strategies. The risks associated with the use of derivatives are different from or possibly greater than, the risks associated with investing directly in securities and other traditional investments. For detailed derivative strategies, please refer to SAI. XV. Where shall Scheme invest SO No. 29 Subject to the Regulations and the disclosures as made under the section “How the Scheme will allocate its Assets”, the corpus of the Scheme can be invested in any (but not exclusively) of the following securities: 1. Equity related Instruments- Equity Related Instruments include convertible debentures, convertible preference shares, dividend warrants, warrants carrying the right to obtain equity shares, equity derivatives and such other instrument as may be specified by the Board from time to time. 2. Derivatives- Derivatives are financial contracts of pre-determined fixed duration, whose values are derived from the value of an underlying primary financial instrument, commodity or index, such as: interest rates, exchange rates, commodities, and equities. 3. Options- An Option is a contract which gives holder the right (but not the obligation) to buy or sell a security or other asset during a given time for a specified price called the 'Strike' price. 4. Call Option- A call option is a financial contract that gives the holder the right, but not the obligation, to buy a specified quantity of an underlying asset (such as a stock or commodity) at a predetermined price (strike price) within a specified period. Investors purchase call options when they anticipate that the price of the underlying asset will rise, allowing them to buy the asset at a lower price and potentially sell it at a higher market price for a profit. 255. Put Option- A put option is a financial contract that gives the holder the right, but not the obligation, to sell a specified quantity of an underlying asset (such as a stock or commodity) at a predetermined price (strike price) within a specified period. Investors purchase put options when they anticipate that the price of the underlying asset will decline, allowing them to sell the asset at a higher price than the market value, potentially earning a profit from the price difference. 6. Government Securities- Securities created and issued by the Central Government and/or a State Government (including Treasury Bills) or Government Securities as defined in the Government Securities Act, 2006, as amended or re-enacted from time to time. 7. Repos & Reverse Repos- Repo (Repurchase Agreement) or Reverse Repo is a transaction in which two parties agree to sell and purchase the same security with an agreement to purchase or sell the same security at a mutually decided future date and price. The transaction results in collateralized borrowing or lending of funds. 8. TREPS- TREPs is a money market instrument that enables entities to borrow and lend against sovereign collateral security. The maturity ranges from 1 day to 90 days and can also be made available upto 1 year. Central Government securities including T-bills are eligible securities that can be used as collateral for borrowing through TREPs. 9. Treasury Bills- Treasury bills (T-bills) are short-term government securities issued at a discount to their face value and mature within one year. They do not pay periodic interest but provide returns by maturing at their full face value, with the difference between the purchase price and the maturity value representing the investor's earnings. T-bills are considered low-risk investments due to government backing. 10. Short Term Deposits- Pending deployment of funds as per the investment objective of the Scheme, the Funds may be parked in short term deposits of the Scheduled Commercial Banks, subject to guidelines and limits specified by SEBI. Applicable guidelines/other details where the scheme will invest: Securities Lending: Subject to SEBI (MF) Regulations and the applicable guidelines issued by SEBI, the Mutual Fund may engage in stock lending. The AMC shall comply with all reporting requirements and the Trustee shall carry out periodic review as required by SEBI guidelines. Stock lending means the lending of stock to another person or entity for a fixed period of time, at a negotiated compensation. The securities lent will be returned by the borrower on expiry of the stipulated period. The Investment Manager will apply the following limits, should it desire to engage in Stock Lending: 1. Not more than 20% of the net assets of a Scheme can generally be deployed in Stock Lending. 2. Not more than 5% of the net assets of a Scheme can generally be deployed in Stock Lending to any single intermediary. Short Term Deposits: The scheme may invest the funds of the scheme in short term deposits of scheduled commercial banks as permitted under extant regulations. Pending deployment of funds of the Scheme, the AMC may invest funds of the Scheme in short-term deposits of scheduled commercial banks, subject to the following conditions issued by SEBI vide clause 12.16 of SEBI Master Circular “Short Term” for parking of funds shall be treated as a period not exceeding 91 days. i. Such short-term deposits shall be held in the name of the Scheme. ii. The Scheme shall not park more than 15% of their net assets in the short term deposit(s) of all the scheduled commercial banks put together. However, it may be raised to 20% with the prior approval of the Trustee. Also, parking of funds in short term deposits of associate and sponsor scheduled commercial banks together shall not exceed 20% of total deployment by the Mutual Fund in short term deposits. iii. The Scheme shall not park more than 10% of their net assets in short term deposit(s) with any one scheduled commercial bank including its subsidiaries. iv. The Trustee shall ensure that the funds of the Scheme are not parked in the short term deposits of a bank which has invested in the Scheme. 26v. The Trustee shall also ensure that the bank in which a scheme has short term deposits do not invest in the scheme until the scheme has short term deposits with such bank. vi. AMC will not charge any investment management and advisory fees for parking of funds in short term deposits of scheduled commercial banks. The above provisions do not apply to term deposits placed as margins for trading in cash and derivative market. Further, due to corporate action in companies comprising of the index, the scheme may be allocated/allotted securities which are not part of the index. For example, the Fund may invest in stocks not included in the relevant underlying index in order to reflect various corporate actions (such as mergers) and other changes in the relevant underlying index (such as reconstitutions, additions, deletions and these holdings will be in anticipation and in the direction of impending changes in the underlying index) Investments in Derivative Instruments As part of the Fund Management process, the Scheme may use Derivative instruments such as index futures and options, stock futures and options contracts, warrants, convertible Securities, swap agreements or any other Derivative instruments that are permissible or may be permissible in future under applicable regulations and such investments shall be in accordance with the investment objectives of the Scheme for a short period of time and the portfolio shall be rebalanced within 7 days. Index futures/options are meant to be an efficient way of buying/selling an index compared to buying/selling a portfolio of physical shares representing an index for ease of execution and settlement. Index futures/options can be an efficient way of achieving the Scheme’s investment objective. Notwithstanding the pricing, they can help in reducing the Tracking Error in the Scheme. Index futures/options may avoid the need for trading in individual components of the index, which may not be possible at times, keeping in mind the circuit filter system and the liquidity in some of the individual stocks. Index futures/options can also be helpful in reducing the transaction costs and the processing costs on account of ease of execution of one trade compared to several trades of shares comprising the underlying index and will be easy to settle compared to physical portfolio of shares representing the underlying index. In case of investments in index futures/options, the risk/reward would be the same as investments in portfolio of shares representing an index. However, there may be a cost attached to buying an index future/option. The Scheme will not maintain any leveraged or trading positions. Purpose of investment in Derivatives a) The Scheme shall fully cover its positions in the Derivatives market by holding underlying Securities/cash or cash equivalents/option and/or obligation for acquiring underlying assets to honour the obligations contracted in the Derivatives market. b) The Securities held would be marked to market by the AMC to ensure full coverage of investments made in Derivative products at all times. Trading in Derivatives The Mutual Fund may use various derivatives only for the purpose of Portfolio Rebalancing of the Scheme. Derivatives are financial contracts of pre-determined fixed duration, whose values are derived from the value of an underlying primary financial instrument, commodity or index. The Scheme while investing in equities shall transact in exchange traded equity derivatives only and these instruments may take the form of Index Futures, Index Options, Futures and Options on individual equities/securities and such other derivative instruments as may be appropriate and permitted under the SEBI Regulations and guidelines from time to time. Key features of Trading in Derivatives The use of derivatives provides flexibility to the Schemes only for the purpose of Portfolio Rebalancing. The following section describes some of the more common derivatives transactions with illustrations. 27Derivatives are financial contracts of pre-determined fixed duration, whose values are derived from the value of an underlying primary financial instrument, commodity or index, such as interest rates, exchange rates, commodities and equities. Exposure Limits: With respect to investments made in derivative instruments, the Scheme shall comply with the following exposure limits in line with clause 12.24 and 12.25 of SEBI Master Circular: 1. The cumulative gross exposure through equity, debt, derivative positions other permitted securities/assets and such other securities/assets as may be permitted by SEBI from time to time should not exceed 100% of the net assets of the scheme. However, the following shall not be considered while calculating the gross exposure: a. Security-wise hedged position and b. Exposure in cash or cash equivalents with residual maturity of less than 91 days 2. The total exposure related to option premium must not exceed 20% of the net assets of the Scheme. 3. The Mutual Fund shall not write options or purchase instruments with embedded written options. 4. Definition of Exposure in case of Derivative Positions: Each position taken in derivatives shall have an associated exposure as defined under. Exposure is the maximum possible loss that may occur on a position. However, certain derivative positions may theoretically have unlimited possible loss. Exposure in derivative positions shall be computed as follows: Position Exposure Long Future Futures Price * Lot Size * Number of Contracts Short Future Futures Price * Lot Size * Number of Contracts Option Bought Option Premium Paid * Lot Size * Number of Contracts For information on ‘numerical example of risk involved’ refer SID. XVI. Who manages the Scheme SO No. 33 Fund Age Tenure Qualifications Brief Experience Other Scheme Manager managed Mr. Anil 45 NA Chartered Over 27 years of experience as DSP NIFTY 1D Rate Ghelani years Financial under: Liquid ETF, DSP Nifty 50 Analyst (CFA From April 01, 2023 till date - Equal Weight ETF, DSP Institute USA) DSPAM – Head of Passive Nifty 50 Equal Weight Chartered Investments & Products. Index Fund, DSP Nifty 50 Accountant From April 16, 2018 to March ETF, DSP Nifty 50 Index (ICAI India) 31, 2023 - DSPIM – Head of Fund, DSP Nifty Bank B. Com. (H. R. Passive Investments & ETF, DSP Nifty Midcap College Products. 150 Quality 50 ETF, DSP University of From January 2013 to April Nifty Midcap 150 Quality Mumbai) 2018, DSP Pension Fund 50 Index Fund, DSP Nifty Managers Pvt. Ltd. - Business Next 50 Index Fund, DSP Head & Chief Investment Nifty Private Bank ETF, Officer DSP Nifty PSU Bank ETF, From December 2014 to April DSP Nifty IT ETF, DSP 15, 2018 - DSPIM – BSE Sensex ETF, DSP Senior Vice President, Gold ETF Fund of Fund, Products & Passive DSP Nifty Smallcap250 Investments 28Fund Age Tenure Qualifications Brief Experience Other Scheme Manager managed From January 2006 – Quality 50 Index Fund, December 2012 - DSPIM – Head DSP Nifty Healthcare of Risk & Quantitative Analysis ETF, DSP BSE Liquid Rate (RQA) ETF, DSP Nifty Bank From July 2003 to December Index Fund, DSP Nifty 2005 - DSPIM - AVP - Fund Top 10 Equal Weight Administration Index Fund, DSP Nifty From February 2003 to July Top 10 Equal Weight 2003 - IL&FS Asset ETF, DSP BSE Sensex Management Company - Asst. Next 30 ETF, DSP BSE Manager – Fund Sensex Next 30 Index Operations Fund, DSP Nifty Private From February 2000 to Bank Index Fund, DSP January 2003 - S. R. Batliboi Silver ETF Fund of Fund, (member firm of Ernst & DSP Nifty500 Flexicap Young) – CA articleship till Jan Quality 30 Index Fund 2002 Executive from Feb 2002 and DSP Nifty500 From August 1998 to June Flexicap Quality 30 ETF 2000 - V. C. Shah & Co., Chartered Accountants - CA articleship Mr. Diipesh 46 NA B Com , ACA, Over 23 years of experience as DSP NIFTY 1D Rate Shah years Candidate of the under: Liquid ETF, DSP Nifty 50 CFA Program, From April 2020 till date - Equal Weight ETF, DSP CFA Institute DSPAM – Fund Manager – ETF Nifty 50 Equal Weight USA, Level I and Passive Investments Index Fund, DSP Nifty 50 Cleared From November 2020 to March ETF, DSP Nifty 50 Index 2023 - DSPIM – Fund Manager – Fund, DSP Nifty Bank ETF and Passive Investments. ETF, DSP Nifty Midcap From September 2019 to 150 Quality 50 ETF, DSP October, 2020 - DSPIM – Dealer Nifty Midcap 150 Quality – ETF and Passive Investments. 50 Index Fund, DSP Nifty From August 2018 to Next 50 Index Fund, DSP September, 2019 - JM Nifty Private Bank ETF, Financial Institutional Broking DSP Nifty PSU Bank ETF, Limited as Institutional Equity DSP Nifty IT ETF, DSP Sales Trading. BSE Sensex ETF, DSP From June 2014 to July 2018 - Gold ETF Fund of Fund, Centrum Boking Limited as DSP Nifty Smallcap250 Institutional Equity Sales Quality 50 Index Fund, Trading. From September 2013 to June 2014 - JM DSP Nifty Healthcare Financial Institutional Broking ETF, DSP BSE Liquid Rate Limited as Institutional Equity ETF, DSP Nifty Bank Sales Trading. Index Fund, DSP Nifty From January 2011 to August Top 10 Equal Weight 2013 - IDFC Securities Limited Index Fund, DSP Nifty as Institutional Equity Sales Top 10 Equal Weight Trading ETF, DSP BSE Sensex From July 2010 to September Next 30 ETF, DSP BSE 2010 - Kotak Securities Sensex Next 30 Index Limited as Institutional Equity Fund, DSP Nifty Private Sales Trading Bank Index Fund, DSP Silver ETF Fund of Fund, DSP Nifty500 Flexicap Quality 30 Index Fund 29Fund Age Tenure Qualifications Brief Experience Other Scheme Manager managed and DSP Nifty500 Flexicap Quality 30 ETF. XVII. Fundamental Attributes SO No. 60 Following are the Fundamental Attributes of the Scheme, in terms of Clause 1.14 of SEBI Master Circular for Mutual Funds dated June 27, 2024: (i) Type of Scheme: An open ended scheme replicating / tracking Nifty Midcap 150 Index (ii) Investment Objective: a) Main Objective – Please refer “Highlights/Summary of the Scheme” b) Investment pattern – Please refer “How will the Scheme allocate its assets?” (iii) Terms of Issue: a) Liquidity provisions such as listing, repurchase, redemption. Please refer “Highlights/Summary of the Scheme” b) Aggregate fees and expenses charged to the Scheme. Please refer, “Annual Scheme recurring expenses” c) Any safety net or guarantee provided – Not applicable. In accordance with Regulation 18(15A) of the SEBI (MF) Regulations and Clause 1.14.1.4 of SEBI Master Circular for Mutual Funds dated June 27, 2024 the Trustees shall ensure that no change in the fundamental attributes of the Scheme(s) and the Plan(s) / Option(s) thereunder or the trust or fee and expenses payable or any other change which would modify the Scheme(s) and the Plan(s) / Option(s) thereunder and affect the interests of Unitholders is carried out unless: • SEBI has reviewed and provided its comments on the proposal • A written communication about the proposed change is sent to each Unitholder and an advertisement is given in one English daily newspaper having nationwide circulation as well as in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated; and • The Unitholders are given an option for a period of atleast 30 calendar days to exit at the prevailing Net Asset Value without any exit load. XVIII. Scheme specific disclosures Please refer Annexure on Scheme specific disclosures XIX. Scheme factsheet Link: https://www.dspim.com/downloads?category=Information%20Documents&sub_category=Factsheets XX. Investment Restrictions As per the Trust Deed read with the SEBI (MF) Regulations, the following investment restrictions apply in respect of the Scheme at the time of making investments. However, all investments by the Scheme will be made in accordance with the investment objective, asset allocation and where will the Scheme invest, as described, as well as the SEBI (MF) Regulations, including Schedule VII thereof, as amended from time to time. 1. The Mutual Fund shall get the securities purchased/transferred in the name of the Mutual Fund on account of the Scheme, wherever the instruments are intended to be of a long term nature. 2. No Scheme shall make any investment in: i. any unlisted security of any associate or group company of the Sponsors; or ii. any security issued by way of private placement by an associate or group company of the Sponsors; or 30iii. the listed securities of group companies of the Sponsors, which is in excess of 25% of the net assets except for investments by equity oriented exchange traded funds and index funds and subject to such conditions as may be specified by the SEBI. 3. All investments by a mutual fund scheme in equity shares and equity related instruments shall only be made provided such securities are listed or to be listed. 4. No term loans for any purpose may be advanced by the Mutual Fund and the Mutual Fund shall not borrow except to meet temporary liquidity needs of the Scheme for the purpose of repurchase, redemption of Units or payment of interest or IDCWs to Unit Holders, provided that the Mutual Fund shall not borrow more than 20% of the net assets of each of the Scheme and the duration of such borrowing shall not exceed a period of six months. 5. If any company invests more than 5 percent of the NAV of any of the Scheme, investment made by that or any other Scheme of the Mutual Fund in that company or its subsidiaries will be disclosed in accordance with the SEBI (MF) Regulations. 6. The underlying index shall comply with the below restrictions in line with clause 3.4 of SEBI Master circular: a) The index shall have a minimum of 10 stocks as its constituents. b) For a sectoral/ thematic Index, no single stock shall have more than 35% weight in the index. For other than sectoral/ thematic indices, no single stock shall have more than 25% weight in the index. c) The weightage of the top three constituents of the index, cumulatively shall not be more than 65% of the Index. d) The individual constituent of the index shall have a trading frequency greater than or equal to 80% and an average impact cost of 1% or less over previous six months. 7. The Scheme shall not engage in inter scheme transactions. 8. The Scheme will comply with restrictions as specified under Asset Allocation section and any other Regulations applicable to the investment of mutual funds from time to time. These investment limitations/parameters as expressed (linked to the Net Asset/Net Asset Value/capital) shall, in the ordinary course, apply as at the date of the most recent transaction or commitment to invest, and changes do not have to be effected merely because, owing to appreciation or depreciation in value or by reason of the receipt of any rights, bonuses or benefits in the nature of capital or of any Scheme of arrangement or for amalgamation, reconstruction or exchange, or at any repayment or redemption or other reason outside the control of the Mutual Fund, any such limits would thereby be breached. If these limits are exceeded for reasons beyond its control, the AMC shall adopt as a priority objective the remedying of that situation, taking due account of the interests of the Unit Holders. Apart from the Investment Restrictions prescribed under the SEBI (MF) Regulations, internal risk parameters for limiting exposure to a particular Scheme may be prescribed from time to time to respond to the dynamic market conditions and market opportunities. The Trustee /AMC may alter the above stated limitations from time to time, and also to the extent the SEBI (MF) Regulations change, so as to permit the Scheme to make their investments in the full spectrum of permitted investments in order to achieve their investment objective. All the investment restrictions shall be applicable at the time of making investments. 31Scheme specific disclosures A. Portfolio rebalancing Rebalancing of deviation due to short term defensive consideration: SO No. Due to market conditions, the AMC may invest beyond the range set out in the asset allocation. Such deviations 23 &24 shall normally be for a short term and defensive considerations as per clause 1.14.1.2 of SEBI Master Circular; the intention being at all times to protect the interests of the Unit Holders and the Scheme shall rebalance the portfolio within 7 calendar days from the date of deviation. It may be noted that no prior intimation/indication will be given to investors when the composition/asset allocation pattern under the Scheme undergoes changes within the permitted band as indicated above. Portfolio rebalancing in case of passive breach: In line with clause 3.6.7.1 of SEBI Master Circular, in case of change in constituents of the index due to periodic SO No. review, the portfolio of Scheme shall be rebalanced within 7 calendar days. 22 &24 Further, any transactions undertaken in the portfolio of Schemes in order to meet the redemption and subscription obligations shall be done while ensuring that post such transactions replication of the portfolio with the index is maintained at all points of time. In the event of involuntary corporate action, the scheme shall dispose the security not forming part of the underlying index within 7 days from the date of allotment/listing. For detailed disclosure refer SAI. B. Disclosure w.r.t investments by key personnel and AMC directors including regulatory provisions Aggregate investment in the Scheme by: (Details are as on _______) Sr. Category of Persons Net Value Market Value (in Rs.) No. Fund Manager(s) Units NAV per unit 1 Mr. Anil Ghelani This being a new Scheme, this is not available. 2 Mr. Diipesh Shah For any other disclosure w.r.t investments by key personnel and AMC directors, including regulatory provisions in this regard kindly refer SAI. C. Investments of AMC in the Scheme In terms of sub-regulation 16(A) in Regulation 25 of SEBI (Mutual Funds) Regulations, 1996 read along with clause 6.9 of SEBI Master Circular and AMFI Best Practice Guidelines Circular No.100 /2022-23 on ‘Alignment of interest of AMCs with the Unitholders of the Mutual Fund schemes’, the AMC shall invest such amounts in such schemes of the mutual fund, based on the risks associated with the schemes, as may be specified by the SEBI from time to time. However, as per the said guidelines, ETFs are exempted from the purview of the aforesaid regulations and guidelines. For detailed disclosure please refer SAI. D. Taxation For details on taxation please refer to the clause on Taxation in the SAI apart from the following: The information provided is as per the provisions of the Income-tax Act, 1961 (“the Act”), as amended by the Finance Act, 2025. The information is provided for general information only. It does not purport to be a complete analysis of all relevant tax considerations; nor does it purport to be a complete description of all potential tax costs, tax incidence and risks for the investors. In view of the individual nature of the implications, each investor is advised to consult his or her own tax advisors/authorized dealers with respect to the specific 32amount of tax and other implications arising out of his or her participation in the Schemes. It is assumed that units of mutual fund are held as capital asset by the investors. Equity Oriented Funds$ Particulars Resident Investors NRI/PIOs & Other Non- FPI Investors Mutual resident Investors other Fund than FPI Tax Rates TDS Tax Rates TDS Rates Tax Rates TDS Rates Tax / Rates TDS Rates Tax on Taxable at 10% i. In respect 20% (u/s 20% (u/s 20% (u/s NIL (u/s Income normal rates (under of non- 196A) or as 115AD) 196D) or as 10(23D)) Distributed of tax section resident non- per per by Mutual applicable 194K) corporate applicable applicable Funds to the Taxable at DTAA DTAA assessee normal rates whichever whichever of tax is lower is lower applicable to the assessee (other than units purchased in foreign currency) ii. In respect of non- resident (not being company) or foreign corporates - 20% (for units purchased in foreign currency) Capital Gains Long Term: 12.5% where NIL 12.5% where 12.5% 12.5% where NIL NIL (u/s STT is STT is without STT is 10(23D)) payable on payable on exchange payable on redemption redemption rate redemption (u/s 112A) (u/s 112A) on fluctuation on gains on gains gains (u/s 195) on exceeding exceeding exceeding gains INR 1.25 INR 1.25 INR 1.25 lakh exceeding lakh lakh INR 1.25 lakh Short 20% where NIL 20% where 20% 20% where NIL NIL (u/s Term: STT is STT is (under STT is 10(23D)) payable on payable on section 195) payable on redemption redemption redemption (u/s 111A) (u/s 111A) (u/s 111A) $“equity oriented fund” has been defined to mean a fund set up under a scheme of a mutual fund specified under section 10(23D) of the Act and— a) In a case where the fund invests in the units of another fund which is traded on a recognized stock exchange- (I) a minimum of 90 per cent. of the total proceeds of such fund is invested in the units of such other fund; and (II) such other fund also invests a minimum of 90 per cent of its total proceeds in the equity shares of domestic companies listed on recognized stock exchange; and 33b) in any other case, a minimum of 65 per cent of the total proceeds of such fund is invested in the equity shares of domestic companies listed on recognized stock exchange. Additional Notes: 1. Income of Mutual Fund is exempt from tax as per section 10(23D) of the Act. 2. Based on the investment objectives of the scheme as defined in this document, the scheme will potentially be classified as "Equity oriented Fund" for the purpose of taxation. Accordingly, the rates covered above are as applicable to Equity Oriented Funds. 3. These rates should also be applicable to units acquired in case of consolidation of options under any scheme of a mutual fund (in the absence of any specific exemption provision in the Act) 4. Capital gains on redemption of units held for a period of more than 12 months from the date of allotment shall be treated as Gains from Long Term Capital Assets. 5. The above rates are subject to surcharge as applicable (refer table below for rates) and Health and Education cess at the rate of 4% on income tax and surcharge. Income > 50 Income > 1 Income > 2 Income > 5 Income lakhs and Particulars cr and upto cr and upto cr and upto exceeding upto 1 2 cr(in Rs) 5 cr(in Rs) 10 cr(in Rs) 10 cr(in Rs) crores(in Rs) Resident and Non Resident 10% 15% 15% 15% 15% Individuals / HUFs / BOIs / AOPs and Artificial juridical persons - Capital Gains Non Resident Individuals / 10% 15% 25% 25%& 25%& HUFs / BOIs / AOPs and Artificial juridical persons - Income Distribution Firms, Local authorities - 12% 12% 12% 12% Co-operative societies - 7% 7% 7% 12% Co-operative societies 10% 10% 10% 10% 10% ++(New regime under section 115BAD) - 7% 7% 7% 12% Domestic Company 10% 10% 10% 10% 10% Domestic Company ++(New regime under section 115BAA) FII/ FPI, Foreign company - 2% 2% 2% 5% Please note surcharge is not applicable in case of TDS deducted on income distributed to resident investors under section 194K & The maximum rate of surcharge for individuals and HUFs or association of persons [other than a cooperative society], or body of individuals, whether incorporated or not, or an artificial juridical person referred to in sub-clause (vii) of clause (31) of section 2 who opt for the new tax regime under section 115BAC, shall be 25% instead of 37% under normal provisions (Old tax regime). The new tax regime would be the default tax regime from FY 2023-24 onwards. ++ In case company / co-operative society opts for new regime of taxation, then the surcharge would be applicable at the rate of 10% irrespective of the taxable income. 6. Any person entitled to receive any sum or income or amount, on which tax is deductible under Chapter XVIIB (hereafter referred to as deductee), shall furnish his valid / operative Permanent Account Number to the person responsible for deducting such tax (hereafter referred to as deductor), failing which tax shall be deducted at the higher of the following rates, namely: 34(i) at the rate specified in the relevant provision of this Act; or (ii) at the rate or rates in force; or (iii) at the rate of twenty per cent. The aforesaid provision dealing with higher taxation in the absence of furnishing Permanent Account Number shall not apply to a non-resident with effect from 1st June, 2016 on furnishing the following details and documents by such non-resident: (i) name, e-mail id, contact number; (ii) (ii) address in the country or specified territory outside India of which the non-resident is a resident; (iii) (iii) a certificate of his being resident in any country or specified territory outside India from the Government of that country or specified territory if the law of that country or specified territory provides for issuance of such certificate; (iv) (iv) Tax Identification Number of the non-resident in the country or specified territory of his residence and in case no such number is available, then a unique number on the basis of which the non-resident is identified by the Government of that country or the specified territory of which he claims to be a resident. 7. For detailed tax implications, please refer to 'SECTION IX – TAX & LEGAL & GENERAL INFORMATION' provided in 'Statement of Additional Information ('SAI')'. E. Associate Transactions For detailed disclosure, kindly refer SAI F. Listing and transfer of units Listing of units: The Units of the scheme shall be listed on National Stock Exchange of India Limited and BSE Ltd and/or any recognised stock exchanges as may be decided by AMC from time to time. The Units of the Scheme may be bought or sold on all trading days at prevailing listed price on such Stock Exchange(s). The AMC will appoint Market Makers to provide liquidity in secondary market on an ongoing basis. The Market Maker(s) would offer daily two-way quote (buy and sell quotes) in the market. Transfer of units: In accordance with clause 14.4.4 of SEBI Master circular, units of the ETF which are held in demat form, will be transferable and will be subject to the transmission facility in accordance with the provisions of SEBI (Depositories and Participants) Regulations, 2018 as may be amended from time to time. If a person becomes a holder of the Units consequent to operation of law, or upon enforcement of a pledge, the transfer may be effected in accordance with the provisions of SEBI (Depositories and Participants) Regulations, 2018, provided the transferee is otherwise eligible to hold the Units. G. Dematerialization of units SO No. 58 The Units of the Scheme are available only in dematerialized (electronic) form. Investors intending to invest in Units of the ETF will be required to have a beneficiary account with a Depository Participant (DP) of the NSDL/CDSL and will be required to mention in the application form DP’s Name, DP ID No. and Beneficiary Account No. with the DP at the time of purchasing Units directly from the fund in Creation Unit Size. In case the demat details are not mentioned in the application or the mentioned details are incorrect / incomplete/illegible/ambiguous, such applications will be rejected. The Units of the Scheme will be issued, traded and settled compulsorily in dematerialized (electronic) form. 35H. Minimum Target amount (This is the minimum amount required to operate the scheme and if this is not collected during the NFO period, then all the investors would be refunded the amount invested without any return.) The Mutual Fund seeks to collect a minimum subscription amount of Rs. 5 crore in the Scheme during the NFO period. In the event this amount is not raised during the NFO period, the amount collected under the Scheme will be refunded to the applicants as mentioned in the section, ‘Refund’. I. Maximum Amount to be raised (if any) There is no maximum subscription amount for the Scheme to be raised and therefore, subject to the applications being in accordance with the terms of this offer, full allotment will be made to the applicants. J. Dividend Policy (IDCW) There is no IDCW Policy as the Scheme currently does not offer any IDCW Option. K. Allotment SO No. 61 Allotment will be completed after due reconciliation of receipt of funds for all valid applications within 5 Business Days from the closure of the NFO period Clear funds should be available to the Fund One business day prior to the date of allotment in respect of all purchase applications received during the NFO period. All cases where clear funds have not been identified or received for whatsoever reasons, including technical clearing reasons, will not be considered for allotment and the amount will be refunded to the investor in due course. The AMC will not entertain any claims of allotment or compensation in such cases. For investors who have given demat account details, the Units will be credited to the investor’s demat account after due verification and confirmation from NSDL/CDSL of the demat account details. Allotment to NRIs/FPIs will be subject to RBI approval, if required. Subject to the SEBI (MF) Regulations, the Trustee may reject any application received in case the application is found invalid/incomplete or for any other reason in the Trustee's sole discretion. As the Stock Exchange(s) do not allow trading of fractional units, Units will be allotted only in integers by rounding off the Units allotted to the lower integer and the balance amount will be refunded to the investor. a. The Units issued by the AMC shall be credited by the Registrar to the investors’ beneficiary account with the DP as per information provided in the application form and information of allotment will be accordingly sent by the Registrar. b. The Mutual Fund reserves the right to recover from an investor any loss caused to the Scheme on account of dishonour of cheques issued by him/her/it for purchase of Units. Final Allotment will be made in whole numbers. No fractional units will be allotted. Net assets in the Scheme on the date of allotment 1/1000th of the benchmark index on the date of allotment Cash component mentioned above would be indicative cash component to handle refunds and for meeting fund expenses. Calculations with Sr No Particulars Stamp Duty only A Gross Investment Amount 10,000.00 Stamp B 0.5 Duty levied on Gross Amount (@0.005%) 36C Net Allotment Amount : D = A-B-C 9,999.50 D Nifty Midcap 150 Index price 2848.8 E Allotment Price 1/1000th of Nifty Midcap 150 Index) : F = E/1000 28.488 F Units Alloted : G = D/F 351.007 G Fractional Units Redemption 0.007 H Fractional Units Redemption Payout : I = H*Fss 0.199416 I Net Rounding off units credited to Demat a/c of Investor : J = G-H 351.000 Allotment confirmation: Information about allotment of Units stating the number of Units allotted shall be sent within 5 Business Days from the close of the NFO Period of the Scheme. Allotment confirmation specifying the number of Units allotted shall be sent to the Unit holders at their registered e-mail address and/or mobile number by way of email and/or SMS within 5 Business Days from the date of receipt of transaction request. As the units of the Scheme will be issued, traded and settled compulsorily in dematerialized (electronic) form, the statement provided by the Depository Participant will be equivalent to the account statement. Note: Allotment of units will be done after deduction of applicable stamp duty. L. Refund • If the Scheme fail to collect the minimum subscription amount of Rs. 5 Crore, the Mutual Fund shall be liable to refund the money to the applicants. • Refund of subscription money to applicants whose applications are invalid for any reason whatsoever, will commence immediately after the closure of the NFO subject to receipt of funds. • Refunds will be completed within 5 Business Days from the closure of the New Fund Offer Period. If application is rejected, refunds will be completed within 5 Business Days from the closure of NFO. If the Mutual Fund refunds the amount after 5 Business Days, interest as specified by SEBI (currently, 15% per annum) shall be paid by the AMC. Refunds will be made through electronic modes such as RTGS, NEFT, Direct Credits & Cheques as applicable. M. Who can invest This is an indicative list and investors shall consult their financial advisor to ascertain whether the scheme is suitable to their risk profile The following persons (subject to, wherever relevant, purchase of units of mutual funds, being permitted under respective constitutions, and relevant statutory regulations) are eligible and may apply for subscription to the Units of the Scheme: a. Indian Resident Adult Individuals either singly or jointly (not exceeding three) b. Minors through parent/legal guardian c. Companies, Bodies Corporate, Public Sector Undertakings, association of persons or bodies of individuals whether incorporated or not and societies registered under the Societies Registration Act, 1860 (so long as the purchase of Units is permitted under the respective constitutions) d. Religious, Charitable and Private Trusts, under the provisions of 11(5) of Income Tax Act, 1961 read with Rule 17C of Income Tax Rules, 1962 (subject to receipt of necessary approvals as "Public Securities", where required) e. Trustee of private trusts authorised to invest in mutual fund Scheme under the Trust Deed f. Partnership Firms g. Karta of Hindu Undivided Family (HUF) h. Banks (including Co-operative Banks and Regional Rural Banks) and Financial Institutions 37i. NRIs/Persons of Indian Origin residing abroad on full repatriation basis (subject to RBI approval, if any) or on non-repatriation basis j. Foreign Portfolio Investors (FPI) as defined in Regulation 2(1)(h) of Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014 k. Army, Air Force, Navy and other para-military funds l. Scientific and Industrial Research Organisations m. International Multilateral Agencies approved by the Government of India n. Non-Government Provident/Pension/Gratuity funds as and when permitted to invest o. Others who are permitted to invest in the Scheme as per their respective constitutions p. Mutual Funds registered under the SEBI (Mutual Funds) Regulations, 1996 SO No. 59 q. The scheme of the DSP Mutual Fund, subject to the conditions and limits prescribed in SEBI (MF) Regulations and/or by the Trustee, AMC or Sponsors (The AMC shall not charge any fees on such investments). r. The AMC (No fees shall be charged on such investments). Applicability and provisions of Foreign Account Compliance Act (FATCA) For further details relating to FATCA, investors are requested to refer SAI which is available on the website viz. www.dspim.com N. Who cannot invest Non-acceptance of subscriptions from U.S. Persons and Residents of Canada in the Scheme United States Person (U.S. Person), corporations and other entities organized under the applicable laws of the U.S. and Residents of Canada as defined under the applicable laws of Canada should not invest in units of any of the Schemes of the Fund and should note the following: • No fresh purchases /additional purchases/switches in any Schemes of the Fund would be allowed. However, existing Unit Holder(s) will be allowed to redeem their units from the Schemes of the Fund. If an existing Unit Holder(s) subsequently becomes a U.S. Person or Resident of Canada, then such Unit Holder(s) will not be able to purchase any additional Units in any of the Scheme of the Fund. However, subscription (including systematic investments) and switch transactions requests received from U.S. persons who are Non-resident Indians (NRIs) /Persons of Indian origin (PIO) and at the time of such investment, are present in India and submit a physical transaction request along with such documents as may be prescribed by the AMC/ Trustee Company from time to time shall be accepted. The AMC shall accept such investments subject to the applicable laws and such other terms and conditions as may be notified by the AMC/ Trustee Company. The investor shall be responsible for complying with all the applicable laws for such investments. The AMC reserves the right to reject the transaction request or redeem with applicable exit load and TDS or reverse allotted units, as the case may be, as and when identified by the AMC, which are not in compliance with the terms and conditions notified in this regard. • For transaction from Stock Exchange platform, while transferring units from the broker account to investor account, if the investor has U.S./Canadian address then the transactions, subject to the abovementioned conditions, may be rejected. • In case the AMC/Fund subsequently indentifies that the subscription amount is received from U.S. Person(s) or Resident(s) of Canada, in that case the AMC/Fund at its discretion shall redeem all the units held by such person from the Scheme of the Fund at applicable Net Asset Value. O. The policy regarding reissue of repurchased units, including the maximum extent, the manner of reissue, the entity (the scheme or the AMC) involved in the same. Not Applicable P. Restrictions, if any, on the right to freely retain or dispose of units being offered. 38In the event of an order being received from any regulatory authority/body, directing attachment of the Units of any investor, redemption of Units will be restricted in due compliance of such order. Restriction on Redemption of Units of the Scheme Subject to the approval of the Boards of the AMC and of the Trustee and subject also to necessary communication of the same to SEBI, the redemption of / switch-out of Units of Scheme(s) of the Fund, may be temporarily suspended/ restricted. In accordance with clause 1.12 of the SEBI Master Circular and subject to prevailing regulations, restriction on/suspension of redemptions / switch-out of Units of the Scheme(s) of the Fund, may be imposed when there are circumstances leading to systemic crisis or event that severely constricts market liquidity or the efficient functioning of markets such as: a) Liquidity issues: when market at large becomes illiquid affecting almost all securities rather than any issuer specific security; b) Market failures, exchange closures: when markets are affected by unexpected events which impact the functioning of exchanges or the regular course of transactions. Such unexpected events could also be related to political, economic, military, monetary or other emergencies; c) Operational issues: when exceptional circumstances are caused by force majeure, unpredictable operational problems and technical failures (e.g. a black out). Restriction on / suspension of redemption of Units of the Scheme(s) may be imposed for a specified period of time not exceeding 10 working days in any 90 days period. When restriction on / suspension of redemption of Units of the Scheme(s) is imposed, the following procedure shall be applied: i. No redemption / switch-out requests upto Rs. 2 lakhs shall be subject to such restriction. ii. Where redemption / switch-out requests are above Rs. 2 lakhs, the AMC shall redeem the first Rs. 2 lakhs without such restriction and remaining part over and above Rs. 2 lakhs shall be subject to such restriction. Q. Cut off timing for subscriptions/ redemptions/ switches In case of Purchase / Redemption directly with Mutual Fund: By Market Makers and Large Investors: The Cut-off time for receipt of valid application for Subscriptions and Redemptions is 3.00 p.m. However, as the Scheme is an Exchange Traded Fund, the Subscriptions and Redemptions of Units would be based on the Portfolio Deposit and Cash Component as defined by the Fund for that respective Working Day. Pursuant to clause 3.6.2.3(b) of SEBI Master Circular, the requirement of “cut-off” timing for NAV applicability as prescribed by SEBI from time to time shall not be applicable for direct transaction with AMCs in ETFs by Market Makers and other eligible investors. Settlement of Purchase/Sale of Units of the Scheme on Stock Exchange: Buying/Selling of Units of the Scheme on Stock Exchange is just like buying/selling any other normal listed security. If an investor has bought Units, an investor has to pay the purchase amount to the broker/sub-broker such that the amount paid is realised before the funds pay-in day of the settlement cycle on the Stock Exchange(s). If an investor has sold Units, an investor has to deliver the Units to the broker/sub-broker before the securities payin day of the settlement cycle on the Stock Exchange(s). The Units (in the case of Units bought) and the funds (in the case of Units sold) are paid out to the broker on the pay-out day of the settlement cycle on the Stock Exchange(s). The Stock Exchange(s) regulations stipulate that the trading member should pay the money or Units to the investor within 24 hours of the pay-out. If an investor has bought Units, he should give standing instructions for “Delivery-In” to his /her/its DP for accepting Units in his/her/its beneficiary account. An investor should give the details of his/her beneficiary account and the DP-ID of his/her/its DP to his/ her/its trading member. The trading member will transfer the Units directly to his/her/ its beneficiary account on receipt of the same from NSE‟s/ BSE‟s Clearing Corporation. An investor who has sold Units should instruct his/her/its Depository Participant (DP) to give “Delivery Out” instructions to transfer the Units from his/her/its beneficiary account to the Pool Account of his/her/its trading 39member through whom he/she/it have sold the Units. The details of the Pool A/C (CM-BP-ID) of his/her trading member to which the Units are to be transferred, Unit quantity etc. should be mentioned in the Delivery Out instructions given by him/her to the DP. The instructions should be given well before the prescribed securities pay-in day. SEBI has advised that the Delivery Out instructions should be given at least 24 hours prior to the cut-off time for the prescribed securities pay-in to avoid any rejection of instructions due to data entry errors, network problems, etc. Rolling Settlement As per the SEBI’s circular dated September 7, 2021, the rolling settlement on T+1 on optional basis shall come into force with effect from January 01, 2022. The same is applicable for all trades from January 27, 2023 onwards. The Pay-in and Pay-out of funds and the Units will take place within 1 working day after the trading date. The pay-in and pay-out days for funds and securities are prescribed as per the Settlement Cycle. A typical Settlement Cycle of Rolling Settlement is given below: Day Activity: T The day on which the transaction is executed by a trading member T+1 Confirmation of all trades including custodial trades by 7.30 a.m. T+1 Processing and downloading of obligation files to brokers/custodians by 1.00 p.m. T+1 Pay-in of funds and securities by 10.50 a.m. for funds and 10:30 am for Securities T+1 Pay out of funds and securities by 3 p.m./ as and when received from Exchange While calculating the days from the Trading day (Day T), weekend days (i.e. Saturday and Sundays) and stock exchange / bank holidays are not taken into consideration. R. Minimum balance to be maintained and consequences of non-maintenance SO No. 36 Not applicable S. Accounts Statements Under Regulation 36(4) of SEBI (Mutual Funds) Regulations, 1996, the AMC/ RTA is required to send consolidated account statement for each calendar month to all the investors in whose folio transaction has taken place during the month. Further, SEBI vide para 1.24 of the circular no. SEBI/HO/MRD/MRD-PoD-1/P/CIR/2024/168 dated December 03, 2024 on Master Circular for Depositories, in order to enable a single consolidated view of all the investments of an investor in Mutual Fund and securities held in demat form with Depositories, has required Depositories to generate and dispatch a single consolidated account statement for investors having mutual fund investments and holding demat accounts. However, if the investor wishes to opt for physical copy may request Depositories for the same. Further, the depositories shall issue Consolidated Account Statement within timeliness as prescribed under SEBI Circular No. SEBI/HO/MRD/PoD1/CIR/P/2025/16 dated February 14, 2025 as amended from time to time. For further details, refer SAI. T. Dividend/ IDCW The Scheme does not offer any Plans/ IDCW Options for investment. The AMC/Trustee reserves the right to introduce Plan(s)/Option(s) as may be deemed appropriate at a later date. U. Redemption The Redemption or repurchase proceeds shall be dispatched to Unit Holders within three Working Days from the date of acceptance of redemption or repurchase. 40Investor may note that in case of exceptional scenarios as prescribed by AMFI vide its communication no. AMFI/ 35P/ MEM-COR/ 74 / 2022-23 dated January 16, 2023 read with Clause 14.1.3 of the SEBI Master Circular, the AMC may not be able to adhere with the timelines prescribed above. For further details, refer SAI. V. Bank Mandate SO No. 62 For investors other than Market Makers and Large Investors transacting directly with the Fund: The procedure for change in bank details would be as determined by the depository participant For Market Makers and Large Investors transacting directly with the Fund: It is mandatory for every applicant to provide the name of the bank, branch, address, account type and number as per requirements laid down by SEBI and any other requirements stated in the Application Form. Applications without these details will be treated as incomplete. Such incomplete applications will be rejected. The Registrar/AMC may ask the investor to provide a blank cancelled cheque or its photocopy for the purpose of verifying the bank account number. Investor/s or /Unit Holder/s are requested to note that any one of the following documents shall be submitted by the investor/s or /Unit Holder/s, in case the cheque provided along with fresh subscription/new folio creation does not belong to the bank mandate specified in the application form: a. Original cancelled cheque having the First Holder Name printed on the cheque [or] b. Original bank statement reflecting the First Holder Name, Bank Account Number and Bank Name as specified in the application [or] c. Photocopy of the bank statement / bank pass book duly attested by the bank manager and bank seal preferably with designation and employee number [or] d. Photocopy of the bank statement / passbook / cancelled cheque copy duly attested by the AMC/ RTA branch officials after verification of original bank statement / passbook / cheque shown by the investor or their representative [or] e. Confirmation by the bank manager with seal, on the bank’s letter head with name, designation and employee number confirming the investor details and bank mandate information. Where such additional documents are not provided for the verification of bank account for redemption or IDCW payment, the AMC reserves the right to capture the bank account used towards subscription payment for the purpose of redemption and IDCW payments. For more details on Multiple Bank Accounts Registration Facility, Bank Account Details, Change of Bank, please refer SAI. W. Delay in payment of redemption/ repurchase proceeds/dividend As per SEBI (MF) Regulations, the Mutual Fund shall transfer the redemption proceeds within 3 Working Days from the date of redemption / repurchase. In the event of delay/failure to transfer the redemption/repurchase proceeds within the aforesaid 3 Working Days, the AMC will be liable to pay interest to the Unit Holders at such rate as may be specified by SEBI for the period of such delay (currently @ 15% per annum). Investor may note that in case of exceptional scenarios as prescribed by AMFI vide its communication no. AMFI/ 35P/ MEM-COR/ 74 / 2022-23 dated January 16, 2023 read with Clause 14.1.3 of the SEBI Master Circular, the AMC may not be able to adhere with the timelines prescribed above. For further details, refer SAI. X. Unclaimed Redemption and Income Distribution cum Capital Withdrawal Amount. SO No. 53 The treatment of unclaimed redemption and IDCW amounts shall be in terms of clause 14.3 of SEBI Master Circular. For further details, please refer SAI 41Y. Disclosure w.r.t investment by minors SO No. 37 Note: For Investments ‘On behalf of Minor’: Where the investment is on behalf of minor by the guardian, please note the following important points. a. The minor shall be the sole and only first holder in the account. Nomination facility is not available for applications/ folios on behalf of a minor. Joint holders’ details and nomination details, even if mentioned and signed will not be considered. b. Guardian of the minor should either be a natural guardian (i.e. father or mother) or a court appointed legal guardian. c. Details like minor’s date of birth, Guardian’s relation with Minor, Guardian name, PAN, KYC are mandatory, along with supporting documents. Photo copy of the document evidencing the date of birth of minor like i) Birth certificate of the minor, or ii) School leaving certificate / Mark sheet issued by Higher Secondary Board of respective states, ICSE, CBSE etc., or iii) Passport of the minor, or iv) any other suitable proof should be attached with the application form. d. Where the guardian is not a natural guardian (father or mother) and is a court appointed legal guardian, suitable supporting documentary evidence should be provided. e. If the mandatory details and/or documents are not provided, the application is liable to be rejected without any information to the applicant. f. Payment towards subscription/investment through any mode in units of the schemes of Fund shall be accepted from the bank account of the minor, bank account of the parent or legal guardian of the minor, or from a joint bank account of the minor with parent or legal guardian. g. All redemption proceeds shall be credited only in the verified bank account of the minor or a joint bank account of the minor with the parent or legal guardian after completing all KYC formalities. A minor Unit Holder, on becoming major, may inform the Registrar about attaining majority, and provide his specimen signature duly authenticated by his banker as well as his details of bank account and a certified true copy of the PAN card, KYC details and such other details as may be asked by AMC from time to time to enable the Registrar to update records and allow the minor turned major to operate the account in his own right. Further, all other requirement for investments by minor and process of transmission shall be followed in line with clause 17.6 of SEBI Master Circular read with SEBI Circular dated May 12, 2023 as amended from time to time. For further details, refer SAI. Z. Principles of incentive structure for market makers (for ETFs) AMC does not intend to provide any performance based incentive to its Market Maker. However, performance based incentives structure as and when provided to Market Makers shall be charged to the Scheme within the maximum permissible limit of TER and the appropriately disclosure in this regard shall be made. AA. Trading in Units through Stock Exchange Mechanism The facility of transacting through the stock exchange mechanism enables investors to buy and sell the Units of the Scheme(s) through the stock brokers registered with the BSE, NSE in accordance with the guidelines issued by SEBI and operating guidelines and directives issued by NSE, BSE or such other recognized stock exchange in this regard and agreed with the Asset Management Company/Registrar and Transfer Agent. The investor shall be serviced directly by such stock brokers/ Depository Participant. The Mutual Fund will not be in a position to accept any request for transactions or service requests in respect of Units bought under this facility in demat mode. Transactions conducted through the Stock Exchange mechanism shall be governed by the SEBI (Mutual Funds) Regulations 1996 and operating guidelines and directives issued by NSE, BSE or such other recognized exchange in this regard. 42Further, in line with SEBI circular No. SEBI/HO/MRD1/DSAP/CIR/P/2020/29 dated February 26, 2020 as amended from time to time, investors can directly buy/redeem units of the Scheme through stock exchange platform. BB. Payment details The CTS enabled cheque or demand draft should be drawn in favour of the ‘Scheme Name’, as the case may be, and should be crossed Account Payee Only. Applications not specifying Schemes/Plans/Options and/or accompanied by cheque/demand drafts/account to account transfer instructions favouring Schemes/Plans/Options other than those specified in the application form are liable to be rejected. Further, where the Scheme name as written on the application form and on the payment instrument differs, the proceeds may, at the discretion of the AMC be allotted in the Scheme as mentioned on the application form. CC. Nomination Since the units of the scheme will be issued in electronic form in the depository account of the unit holder, the nomination registered with the Depository will be applicable to the units of the scheme. DD. Pledge of Units for Loans Units can be pledged by the Unit Holders as security for raising loans, subject to any rules/restrictions that the Trustee may prescribe from time to time. Since the units shall be held in demat form, the rules of the respective DP will be applicable for pledge of the Units. Units held in demat form can be pledged by completing the requisite forms/formalities as may be required by the Depository. The pledge gets created in favour of the pledgee only when the pledgee’s DP confirms the creation of pledge in the system. EE. Process for change of address As units would be in demat mode, the procedure for change in address would be as determined by the depository participant. Investors who wish to change their address have to get their new address updated in their KYC records. Investor will have to submit a KYC Change Request Form in case of individual investors and KYC form in case of non individual investors along with proof of address and submit to any of the AMC Offices or CAMS Investor Service Centers. Based on the new address updated in the KYC records, the same will be updated in the investor folio. FF. KYC Requirements Investor are requested to take note that it is mandatory to complete the KYC requirements (including updation of Permanent Account Number) for all unit holders, including for all joint holders and the guardian in case of folio of a minor investor. Accordingly, financial transactions (including redemptions, switches and all types of systematic plans) and non-financial requests are liable to be rejected, if the unit holders have not completed the KYC requirements. Notwithstanding in the above cases, the AMC reserves the right to ask for any requisite documents before processing of financial and non-financial transactions or freeze the folios as appropriate. Unit holders are advised to use the applicable KYC Form for completing the KYC requirements and submit the form at the point of acceptance. Further, upon updation of PAN details with the KRA (KRA-KYC)/ CERSAI (CKYC), the unit holders are requested to intimate us/our Registrar and Transfer Agent their PAN information along with the folio details for updation in our records. 43GG. Non acceptance of third party payment In case of subscriptions, the Mutual Fund shall verify the bank account from which the funds have been paid for the subscription. In case it is identified that the funds have not come from the investor’s bank account, the subscription will be rejected. Please refer SAI for Details. HH. ADDITIONAL SCHEME RELATED DISCLOSURES i. Scheme’s portfolio holdings (top 10 holdings by issuer and fund allocation towards various sectors)- This being a new Scheme, this is not available. ii. Disclosure of name and exposure to Top 7 issuers, stocks, groups and sectors as a percentage of NAV of the scheme- Website Link- This being a new Scheme, this is not available. II. RIGHTS OF UNITHOLDERS Please refer to SAI for details. 44

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