What is Net Asset Value (NAV) of a scheme?
The Net Asset Value is the market value of the securities held by the scheme. The NAV per unit is the market value of securities of a scheme divided by the total number of units of the scheme on any particular date. e.g. If the value of all the securities in a scheme is Rs. 10,000 and the total number of units issued = 1,000 the NAV per unit will be 10,000/1,000 = Rs. 10.
There are three modes of approaching our fund house for purchasing units of our Mutual Fund:
1. Directly by submitting physical transactions to the fund house,
2. Through the stock exchange platform
3. Through internet/ online transacting facility.
1.Directly by submitting physical transactions to the fund house:
* You can procure an application form from your investment advisor or from any of our official points of acceptance. Alternatively, you can download it from our website. Click here to download the form now.
* For further and complete details of the schemes/Mutual Fund , investor’s rights & services, risk factors, etc, you should, before investment, refer to the Scheme Information Document and Statement of Additional Information before investing. You can obtain these documents along with the application form as mentioned above.
* Attach a cheque for the amount you would like to invest. You can also transfer the money to us electronically via RTGS/ NEFT using our ePayIn facility.
* The completed application can be mailed to or submitted at any of Official points of acceptance.
2.Through the Stock Exchange Platform:
Mutual Fund schemes are now available on the stock exchange (BSE/ NSE) platforms for transactions (purchase/redeem) of units.
Investors can approach a trading member of BSE or NSE registered with stock exchange as participant (& who is also registered with AMFI as Mutual Fund Advisor) to avail transaction facility through stock exchange platforms.
For further details, please browse through the 'Stock Exchange Transactions' section.
3.Through internet/ online transacting facility.
Mutual Fund offers 'Online', through which you can manage your account and transactions from your desk.
How do I fill the application form correctly?
You can be sure that you have filled up your form correctly & completely by taking care of points mentioned below.
Section wise details
1. First Applicant’s Details:
1. Mention the name of the first applicant.
2. If you have an existing Folio number with PAN and KYC validation and wish to make further investment in the same, write down the same clearly. You can then directly proceed to Section V- Investment & Payment Details.
3. Date of Birth, email Id should be clearly written. (If you wish to benefit from our eMail Services do not forget to write down your email Id!)
4. Provide PAN details and enclose attested copy of the PAN card. KYC Acknowledgement Letter should also be attached.
5. KYC is mandatory for subscription of any amount. The KYC Letter should be enclosed with the form for all holders.
6. If the application is in the name of the minor, the name of the Guardian should be provided. KYC Letter of the Guardian should be provided. Similarly for applications through Power of Attorney, PoA holders name & PAN details should be provided. KYC Letter of both, the investor and the PoA holder should also be enclosed. In case of non-individuals, the contact person name should be provided.
7. Correspondence address should be completely mentioned. Incase of NRIs, overseas address should be provided.
8. Do not forget to mention your PIN code to ensure smooth delivery of our communications to you.
9. For your safety, we send alerts via SMS. Mention your mobile number.
10. Incase you wish to apply for a PIN; you can select the relevant box.
11. Overseas Address should be completely mentioned. (Mandatory for NRI/ FII applicants)
12. Status & occupation of the first applicant should be ticked.
2. Joint Applicant’s Details:
1. Incase you wish to have second or third holders, mention the names in this section.
2. PAN and KYC details of the joint applicants should be mentioned & copies of the KYC Letter of all holders should be enclosed.
3. Mode of holding should be ticked.
3. Bank Account Details (Mandatory)
1. The Bank details of the first applicant should be provided.
2. Complete Bank name and bank account number should be written.
3. Bank Account type should be ticked and branch address should be completely mentioned.
4. 9 Digit MICR code and 11 digit IFSC code should be clearly mentioned.
4. Investment and Payment Details:
Under this section you will clearly need to mention details on your investment and payment mode:
1. Scheme name, Plan & Option - to be completely mentioned, wherein you wish to invest.
2. Payment mode - appropriate option should be ticked
3. Payment instrument details - date and drawee details.
4. Investment amount should be written. Incase of DD, charges should be separately mentioned.
5. Nomination Details:
1. The name(s) of the nominee(s)
2. Name of the guardian (incase the nominee is a minor)
3. % of investment allocation amongst the nominees, incase of more than one nominee.
4. Address of the nominee
6. Declaration & Signatures:
Last but not the least, please read through the declaration. The application form should be signed by all applicants.
Other important points / Quick Checklist:
* Application Form is complete in all respect like Name, Address, Contact Details, Status, KYC letter is enclosed.
* Email id, Mobile number and Pincode is mentioned.
* Mode of holding is specified in case of more than one applicant.
* Bank Account Details are complete. Bank account number is provided in full and not abbreviated.
* Appropriate Scheme, Plan, Option are mentioned clearly.
* Cheque or DD is drawn in favour of the ‘Scheme Name” and crossed “Account Payee”.
* Application number/ folio number is mentioned on the reverse of the instrument.
* Nomination details are provided by Individual Applicants
* PAN information (for all applicants) is provided .
* KYC Letter (for all applicants) is attached and also for PoA holders incase of investment through PoA.
* Form is signed by all applicants.
* For Non Individual Applicants: Resolution / Authority to invest, authorized signatory list and other documents as mentioned in the instructions (duly certified true copies) based on status of the non individual applicant are enclosed with the form.
What documents do I need to submit with my initial application to buy units in your mutual fund?
The following is a list of documents needed by an investor who is investing in our fund for the first time. Subsequent investments do not need these documents.
Documents Individual / HUF &NRIs/ PIOs Investments through POA Companies Partnership Firms Trust/ Societies FIIs
KYC letter (of all holders)
Notarised Power of Attorney
PIO / OCI Card
List of Authorised Signatories with Specimen Siganture(s)
Board Committee Resolution/ Authorisation to invest
Overseas Auditors Certificate
FIRC where payment is made by DD from NRE or FCNR A/c
Please note that all documents should be originals / true copies certified by Company Secretary/ Trustee/ Authorized Signatory. Documents should be in English or translated in English duly notarized.
KYC is mandatory irrespective of the amount of transaction and mode of holding and is required for all holders in a folio. Accordingly, investors shall be required to submit a copy of the KYC Letter of all the holders at the time of investment or subsequently with a written request for updation of the KYC in the folios specified therein.
What is an account statement? When do I get one?
An account statement is a statement that informs you the number of units you own across our schemes/funds, the value per unit and your total investment value based on the latest NAV.
Account Statements stating the number of units are sent by ordinary post/ or electronic mail (if we have your email id) to unit holders within the following periods:
1. For fresh/ additional purchase: Within 5 Business Days from the date of allotment of Units.
2. For redemption/ switch: Within 3 Business Days from the date of acceptance of redemption request or Applicable NAV, whichever is later.
3. For SIP/ STP: Within 10 Business Days from the end of each quarter (March, June, September, December).
Account statements are also sent annually by April 30th for the preceding fiscal year, i.e. April to March, to all clients who have completed at least one transaction in the fiscal year.
Additional statements will be sent to you on request. You can email us at service@dspblackrock.com, submit online request by clicking here, call our toll free number 1-800-200-4499, or contact us at any of our offices to request for additional statements.
Can I transact via phone? What is a PIN number?
Yes, you can transact via phone. A Personal Identification Number (PIN) will be given to you if you request for the same which will allow you to transact via the phone. If you have a T-PIN, you can avail of the following value added services over telephone:
* Change of address, (non KYC folio)
* Account information
* Change in option: dividend / growth
* Redemption / Switch transaction (restricted to Rs.10 lakhs per folio per day)
How do I obtain a PIN number so that I can transact via telephone?
If, when applying for units, you request for a T-PIN, you will be assigned one. Alternatively you can ask to be assigned a T-PIN calling us on our toll free number 1-800-200-4499 or sending us a written request by filing up the common transaction form.
The PIN Number shall not be allotted for folios being operated by distributors under power of attorney from the unit holder. Using the PIN facility is similar to transacting with your bank on the phone. The risks are similar. Please read the Scheme Information Document for complete details.
Where do I submit my application?
The Application can be submitted at any of our Official points of acceptance of transactions 
