DSP Merrill Lynch Bond Fund - INSTITUTIONAL - Dividend

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Fund House :

This scheme closed on 24-12-2004 & the data you are seeing is not latest data.

No of Debt Holding 13 (Category Avg - 0.00) | Modified Duration 0.00 Years (Category Avg - - --)| Yield to Maturity - -- (Category Avg - 0.00%)

Portfolio Summary (as on 31st Mar,2005)

Security Type	% Weight	Category Average
GOI	28.74%	0.00%
NCD & Bonds	51.37%	0.00%

Category - Money Market - ETF/Index

Category - Money Market - ETF/Index

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding
Bond -	GOI				171.50	12.01%
Bond - IDBI Bank Ltd.	NCD & Bonds	Banks	AA+	CRISIL	154.03	10.78%
Bond -	GOI				136.98	9.59%
Bond - State Bank Of India	NCD & Bonds	Banks	AAA	CRISIL	113.82	7.97%
Bond - ICICI Bank Ltd.	NCD & Bonds	Banks	AAA	CRISIL	106.08	7.43%
Bond - Mahindra And Mahindra Financial Services Limited	NCD & Bonds	Nbfc	AA+	CRISIL	100.35	7.02%
Bond - Fleet Trust Sep 2003 Series A3	NCD & Bonds	Ptc	AAA	CRISIL	97.49	6.82%
Bond -	GOI				52.52	3.68%
Bond - Hindalco Industries Ltd.	NCD & Bonds	Aluminium	AAA	CRISIL	52.15	3.65%
Bond - Oscar Investments Ltd.	NCD & Bonds	Nbfc	LAA	ICRA	50.17	3.51%
Bond -	GOI				49.50	3.46%
Bond - Bharti Cellular Ltd.	NCD & Bonds	Telecom - services	AAA	CRISIL	38.69	2.71%
Bond - Indian MBS 2002 - LIC Housing Finance	NCD & Bonds	Ptc	AAA	CRISIL	21.07	1.48%

Name	Type of Instrument	Weight (%)
	Net Receivables	19.75%
	Call	0.14%