dws investments pulse fund/mf-fundfact-sheet/dws.pdf · 2010. 11. 10. · portfolio of equity and...

Fund Fact SheetOctober 2010

DWS Investments Pulse

www.dws-india.comToll Free: 1-800-209-5005

Past performance is no guarantee of future results. For fund details refer page no. 10. For Standard Risk Factors and Disclaimer please refer last page.

2

*The views of the Fund Manager should not be construed as an advice and investors must make their own investment decisions regarding suitability of the funds based on their specific investment objectivesand financial positions and using such independent advisors as they believe necessary.

Details as on October 29, 2010

Market Review

Equity Market

The market that was…

The equity market was in a consolidation phase during the month of October. The Coal India IPO was the highlight of the month. The

strong response to the issue highlighted the appetite global investors have for the India growth story. The NSE 50 remained unchanged

for the month. Small and Midcaps outperformed large caps and the BSE Midcap and the BSE Smallcap indices went up by 2.7% and 3.4%

respectively. Foreign inflows remained at elevated levels with FIIs investing a strong USD 5.4 Bn for the month. However, Local institutions

continued to be net sellers. Healthcare and Energy were the outperforming sectors for the month while consumer staples and utilities were

the underperforming sectors. The continued inflows and the weakness in the USD globally resulted in the Rupee gaining 1.1% against the

USD during October. The results season for the September quarter showed large software companies showing strong top line growth.

Many large cap stocks have posted good results with strong top line growth. However, there have been many disappointing results as well

where margin pressures have been the main culprit. While the results season is not over yet, it is not likely to lead to strong earnings

upgrades for the major indices.

Fund Manager's view*

All eyes are now on the second round of Quantitative Easing in the US. This second financial stimulus package could potentially determine

the level of the US dollar and also the level of flows into asset classes like emerging markets. How the US markets view this event is likely

to determine market movements in the near term. Hence, we could possibly witness some volatility in the near term. However, this event

apart, the Coal India IPO shows that liquidity is not a constraint for quality issues. Hence, if the Indian economy shows strong growth and

good fundamentals, there will be interest in buying Indian equities. There has been a correction in the indices from the highs reached in the

middle of October. We advise investors to take advantage of any volatility in the markets to increase allocation to equities. Areas like power

plants and roads have been the main growth areas for the calendar year. The lagging sectors of the economy, especially manufacturing are

likely to show stronger growth in the coming quarters. Locally, sentiments towards investing in equity markets are cautious and do not

indicate any broad based optimism or euphoria usually associated with strong bull markets. With high level of liquidity and strong

economic growth, the valuations on FY12 basis look reasonable for investing with a medium to long term view.

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Debt Market

Fixed Income MarketDec-09 Sep-10 Oct-10 YTD Change

10 yr GOI yield 7.59% 7.84% 8.13% 0.54%

1 yr CD 5.80% 8.05% 8.60% 2.80%

Overnight rate (NSE MIBOR) 3.59% 7.28% 7.66% 4.07%

WPI (Monthly - New Series ) 4.78% 8.51% 8.60% 3.82%

INR/USD 46.525 44.945 44.4275 -2.0975

Excess Liquidity (crore) 43,570 -89925 -117,660 -161,230

5 Yr AAA spread 100 83 82 -18

US 10 Yr yield 3.84% 2.47% 2.60% -1.24%

Source: RBI WSS & Bloomberg

As expected, RBI raised the reverse repo and repo rate by 25 bps each, to 5.25% and 6.25% respectively. CRR was left unchanged. In theaccompanying policy statement, RBI noted that while the advanced economies has slowed in the 2nd half, emerging market economies(EMEs) continued to exhibit strong growth. On the domestic front, while economic activity continues to be strong, inflation continues tobe sticky and remains a concern. RBI maintained its baseline GDP growth rate of 8.5% for FY2011. WPI Inflation, as per new series, isprojected to be 5.5% by March 2011 (this would correspond to WPI of 6.0% as per the old series). The M3 growth and non-food creditgrowth rates are projected to be 17% and 20% respectively. RBI also expressed concern on the higher than expected liquidity deficit in thesystem, but expected money to flow back into the system on government spending going forward. RBI also noted that looking at currentgrowth and inflation trends, the likelihood of further rate actions in the near future are relatively low.

Liquidity continued to remain tight in October, belying expectations of easing as pace of government spending continued to be slow. Asof 30th October, cash balances of the central government with RBI stood at Rs.77,736 crores. On an average, RBI injected Rs.61,700 crore,in October, in the banking system through its LAF (liquidity adjustment facility) operations. The huge demand for Coal India IPO, at end ofOctober, also put a strain on liquidity in the system. The large liquidity deficit had its impact on the yield money market papers, with ratesrising sharply by about 40-60 bps.

Bond markets continued to be sluggish in October as policy jitters kept market participants on sidelines, and liquidity woes dentedsentiment. The 10 year benchmark suffered the most on statements from the government that a new 10Y benchmark may be issued. Yieldon the 10Y bond went up by about 20 bps. Corporate bonds also moved in tandem with the spread over the sovereign benchmarkremaining more or less constant. Post policy bond markets have made a smart come back with the 10Y yield at around 7.96%.

The foreign exchange continued to swell on unabated flows into the equity markets. The USD/INR appreciated to INR 44.43/US$. Theforeign exchange reserves were US$ 291.60 billion as on Oct 22, 2010, as compared to US$ 291.60 billion on Sep 24, 2010.

Global BackdropThe persistent sluggishness in the advanced economies continues to affect global sentiments. The slowdown in the advanced economiesis marked by constrains in consumer spending on account of weak labor markets, tight credit markets and lower income growth. In starkcontrast, EMEs continue to exhibit sustained economic growth which is generating inflationary pressures. Inflation rates in advancedeconomies remain subdued due to high level of slack in resource utilization and weak labor markets. In line with the economic conditions,while the US looking at doing a second round of quantitative easing (QE2), rates have gone up in the EMEs with China, Australia and Indiaraising key policy rates to fight inflation.

OutlookThe Indian economy continued to consolidate, though the IIP continued to fluctuate. The IIP number for August 2010 dropped dramaticallyto 5.6% YoY (vs a revised 15.2% YoY for July 2010). With RBI also questioning the efficacy of the IIP numbers as a indicator of economicmomentum, the importance of the same seems to have reduced in the policy making process. Inflation continued to remain sticky, withWPI inflation for September 2010 at 8.62% (vs 8.51% for August 2010). Though the inflation is expected to remain high for some moretime, it is expected to come off from the third quarter of this fiscal. Exports revived a bit, clocking 23.2% YoY in Sep'10, while importsslowed down to 26.1% YoY. Post the November rate hikes, it is expected that RBI may pause on the rate hikes in the near term. While thesupply of government bonds is expected to keep the market sentiment subdued in the short term, improving fiscal situation, slowinginflation, and expectations of pause in rate hikes remain positive for the bond markets in the medium term. We are bullish on bonds andexpect yields to soften from here. We will dynamically manage the portfolios to take advantage of the yield movement.

Portfolio ActionsWe have generally increased portfolio maturity.

Market Review

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Fund Details

DWS Alpha Equity Fund

An open-ended equity scheme

Investment Objective To generate long-term capital growth from investment in a diversifiedportfolio of equity and equity related securities.

Fund Manager’s Report* Increased weightage in Auto, Petroleum Products and EngineeringServices. Decreased weightage in Metals, Telecoms, Textiles and Media.

Inception Date Regular Plan Wealth Plan

21st January, 2003 27th April, 2009

Fund Manager Aniket Inamdar

Total Fund Manager’s Experience 14 years

Experience in Managing DWS Funds 3.5 years

Benchmark NSE Nifty

Option Dividend (Payout/Reinvestment) & Growth.

Average AUM (Rs. in Crores) 168.68

NAV: Regular Plan – Dividend Option Rs. 18.82Regular Plan – Growth Option Rs. 86.48Wealth Plan – Dividend Option Rs. 15.05Wealth Plan – Growth Option Rs. 18.01

Dividend History

Record Date Dividend per unit (Rs.)# NAV (Rs.)24-Jan-05 2.00 14.5326-Sep-05 5.00 17.4710-Jan-06 2.50 13.0429-Dec-06 3.50 18.8725-Jan-08 4.00 22.6126-Feb-10 2.00 17.06# On face value of Rs. 10. Post Dividend per unit NAV will fall to the extent of the payout and applicable tax/surcharges/cess/other statutory levies. Dividend distribution is subject to availability of distributable surplus.

Minimum Investment Amount Regular Plan Wealth Plan

Rs. 5000/- Rs. 25000/-

and in multiples of Re. 1/- thereafter.

Additional Investment Amount Rs. 1000/- and in multiples of Re. 1/- thereafter.

Minimum Repurchase Amount Rs. 1000/- and in multiples of Re. 1/- thereafter.

SIP, STP and SWP Available

Minimum Investment Amount Minimum amount of Rs. 12000/- divided into 12 installments offor SIP, STP and SWP Rs. 1000/- each for 12 months or 6 installments of Rs. 2000/- each

for 6 months or 4 installments of Rs. 3000/- each for 3 months.

Load Structure (including SIP, STP Entry Load: Nil. Exit Load: 1% if redeemed/switched out within 12and SWP) months of allotment. However, no exit load will be charged where

the STP is into an equity fund from a non equity fund.

Portfolio Turnover 1.09

Volatility Measures (3 Years): Standard Deviation 8.69%

R-Squared 0.96

Beta 0.85

Sharpe Ratio*** -0.13

*** Risk Free Rate assumed to be 6.80% (based on 3-month T-Bill rateduring last 3 months)

Portfolio ( Top Ten Holdings)Issuer % to Net Assets

Banks 15.09

ICICI Bank 6.33

HDFC Bank 4.76

State Bank of India 4.00

Software 11.21

Infosys Technologies 8.99HCL Technologies 2.23

Zee Learn# 0.00

Transportation 10.84

IRB Infrastructure Developers 4.45

Spice Jet 3.40The Great Eastern Shipping Company 2.99

Finance 8.53

Power Finance Corporation 4.07

Manappuram General Finance and Leasing 2.47Housing Development Finance Corporation 2.00

Petroleum Products 8.13

Reliance Industries 8.13

Industrial Capital Goods 7.25

Bharat Heavy Electricals 7.25

Consumer Non Durables 5.08

I T C 5.08

Construction Project 4.40

Larsen and Toubro 4.40

Textiles - Cotton 2.89

Bombay Dyeing and Manufacturing Company 2.89

Oil 2.84

Oil and Natural Gas Corporation 2.84

Auto 2.79

Bajaj Auto 2.79

Textiles Synthetic 2.58

JBF Industries 2.58

Telecom - Services 2.39

Bharti Airtel 2.39

Minerals/Mining 2.32

Gujarat NRE Coke 2.17Gujarat NRE Coke Bonus Shares 0.15

Power 2.26Tata Power Company 2.26

Engineering Services 2.06

Va Tech Wabag 2.06

Fixed Deposit ## 0.82

Cash & Current Assets 8.53

Total Net Asset 100.00# Unlisted Share## Fixed Deposit against Initial Margin

$$, ** Past performance is no guarantee of future results.

For Regular Plan -Growth

Returns (%) through SIP RouteDate of SIP (Monthly SIP): 7th of every month SIP Amount: Rs. 1000/-

Investment Period Total Value of Investment IRR on IRR onInvestment as on Investment (%) Benchmark (%)

October 29, 2010

Regular Plan

Last 1 year (12 months) 12,000 13,944 32.84 30.56

Last 3 years (36 months) 36,000 51,717 22.29 19.31


Since Inception (93 months) 93,000 257,099 25.65 21.08

All the above returns are IRR. Past performance may or may not be sustained in future.

$$, ** Ranking Methodology on page no. 16

Fund Performance (%)Regular Plan

Date of Inception : 21st January, 2003

Wealth Plan

Date of Inception : 27th April, 2009

Date of allotment has been considered as date of inception. Returns for less than 1 year period areabsolute and those greater than or equal to 1 year period are compounded annualised. Past performancemay or may not be sustained in future and should not be used as a basis of comparison with otherinvestments. Performance calculated on growth option NAV. Since inception returns are calculated onRs.10/- invested on inception.

Rated byValue Research for

Regular Plan**

Scheme Benchmark

11.0

2

14.0

7

28.8

8

2.93

24.1

0 31.9

8

12.1

1

14.0

1

27.7

2

0.66

20.4

9

24.7

5

Last 3

months

Last 6

months

Last 1

year

Last 3

years

Last 5

years

Since

Inception

Scheme Benchmark

11.0

2

14.0

7

28.7

1

47.8

6

12.1

1

14.0

1 27.7

2

47.2

5

Last 3

months

Last 6

months

Last 1

year

Since

Inception

5



DWS Investment Opportunity Fund

An open-ended dynamic allocation scheme

Fund DetailsInvestment Objective To generate capital appreciation on the portfolio over a long term by

actively investing in different asset classes as per market conditions.

Fund Manager’s Report* Increased weightage in Capital Goods, Auto, Engineering Services.Decreased weightage in Industrial Products, Mining, Banks, Mediaand Metals.

Inception Date Regular Plan Wealth Plan

29th January, 2004 27th April, 2009




Benchmark BSE 200 Index



NAV: Regular Plan – Dividend Option Rs. 29.38Regular Plan – Growth Option Rs. 42.41Wealth Plan – Dividend Option Rs. 14.68Wealth Plan – Growth Option Rs. 19.20

Dividend History

Record Date Dividend per unit (Rs.)# NAV (Rs.)18-Feb-05 1.00 11.6213-Feb-06 2.75 13.2316-Oct-09 2.5 27.04# On face value of Rs. 10. Post Dividend per unit NAV will fall to the extent of the payout and applicable tax/surcharges/cess/other statutory levies. Dividend distribution is subject to availability of distributable surplus.

Minimum Investment Amount Regular Plan Wealth Plan

Rs. 5000/- Rs. 25000/-







Load Structure (including SIP, STP Entry Load: Nil. Exit Load: 1% if redeemed/switched out within 12and SWP) months of allotment. However, no exit load will be charged where



Volatility Measures (3 Years) Standard Deviation 9.93%

R-Squared 0.95

Beta 0.90



Portfolio ( Top Ten Holdings)



October 29, 2010

Regular Plan

Last 1 year (12 months) 12,000 13,782 30.00 31.01






Date of Inception : 29th January, 2004

Wealth Plan

Date of Inception : 27th April, 2009

Date of allotment has been considered as date of inception. Returns for less than 1 year period areabsolute and those greater than or equal to 1 year period are compounded annualised. Past performancemay or may not be sustained in future and should not be used as a basis of comparison with otherinvestments. Performance calculated on growth option NAV. Since inception returns are calculated onRs.10/- invested on inception.

Issuer % to Net Assets

Banks 12.75 ICICI Bank 6.34 State Bank of India 3.39 HDFC Bank 3.03

Transportation 11.91 Spice Jet 4.06 IRB Infrastructure Developers 3.32

The Great Eastern Shipping Company 2.71Mundra Port and Special Economic Zone 1.83

Industrial Capital Goods 8.70 Bharat Heavy Electricals 4.80

BGR Energy Systems 1.95Tecpro System 1.95

Software 7.92 Infosys Technologies 6.01

HCL Technologies 1.91Zee Learn# 0.00

Finance 6.03 Manappuram General Finance and Leasing 3.80


Power 4.30Tata Power Company 2.30CESC 1.99

Consumer Non Durables 4.28 I T C 4.28

Construction Project 4.17Larsen and Toubro 2.24Hindustan Construction Company 1.93

Textiles - Cotton 3.10 Bombay Dyeing and Manufacturing Company 3.10

Minerals/Mining 2.72Gujarat NRE Coke 2.53Gujarat NRE Coke Bonus Shares 0.19

Textiles Synthetic 2.68JBF Industries 2.68

Consumer Durables 2.53Bajaj Electricals 2.53

Auto 2.49Bajaj Auto 2.49

Pesticides 2.45United Phosphorus 2.45

Ferrous Metals 2.16Adhunik Metaliks 2.16

Engineering Services 2.15Va Tech Wabag 2.15

Pharmaceuticals 2.13Cadila Healthcare 2.13

Telecom - Services 2.04Bharti Airtel 2.04

Media & Entertainment 2.04Jagran Prakashan 2.04

Auto Ancillaries 1.40Lumax Auto Technologies 1.40

Industrial Products 1.28Polypex Corporation 1.28




Scheme Benchmark

9.55

10.9

0

30.6

7

2.06

25.5

8

23.8

5

11.4

1

13.9

8

29.5

0

1.38

20.5

3

19.8

4

Last 3

months

Last 6

months

Last 1

year

Last 3

years

Last 5

years

Since

Inception

Scheme Benchmark

9.54

10.9

0

30.3

9

54.2

9

11.4

1

13.9

8 29.5

0

56.3

1

Last 3

months

Last 6

months

Last 1

year

Since

Inception

6



Fund Details

DWS Tax Saving Fund

An open-ended equity linked saving scheme

Investment Objective To generate long term capital appreciation from a portfolio that isinvested predominantly in equity and equity related instruments.

Fund Manager’s Report* Increased weightage in Capital Goods, Auto, Engineering Services.Decreased weightage in Industrial Products, Mining, Banks, Mediaand Metals.

Inception Date 20th March, 2006




Benchmark S&P CNX 500



NAV: Dividend Option Rs. 14.4783Growth Option Rs. 15.4873

Dividend History

Record Date Dividend per unit (Rs.)# NAV (Rs.)31-Jan-08 1.00 15.1763# On face value of Rs. 10. Post Dividend per unit NAV will fall to the extent of the payout and applicable tax/surcharges/cess/other statutory levies. Dividend distribution is subject to availability of distributable surplus.

Minimum Investment Amount Rs. 500/- and in multiples of Rs. 500/- thereafter.

Additional Investment Amount Rs. 500/- and in multiples of Rs. 500/- thereafter.

Minimum Repurchase Amount Subject to the lock-in period minimum Rs. 500/- and in multiples ofRs. 500/- thereafter.

SIP, STP and SWP SIP and STP: Available; SWP: Not Available

Minimum Investment Amount SIP: Minimum amount of Rs. 500/- and in multiples of Rs. 500/-.for SIP and STP STP: Minimum amount Rs. 6000/- divided into 6 installments of

Rs. 1000/- each or 4 installments of Rs. 1500/- each.

Load Structure (including SIP Entry Load: Nil. Exit Load: Nil. However, no exit load will be chargedand STP) where the STP is into an equity fund from a non equity fund.


Volatility Measures (3 Years) Standard Deviation 9.94%

R-Squared 0.95

Beta 0.88



Benefits • Tax benefit u/s 80C of the Income Tax Act 1961 with a 3-year lock-in period.


Date of Inception : 20th March, 2006

Date of allotment has been considered as date of inception. Returns for less than 1 yearperiod are absolute and those greater than or equal to 1 year period are compoundedannualised. Past performance may or may not be sustained in future and should not beused as a basis of comparison with other investments. Performance calculated on growthoption NAV. Since inception returns are calculated on Rs.10/- invested on inception.

Fund Performance (%)


Banks 12.90 ICICI Bank 6.45 State Bank of India 3.28 HDFC Bank 3.16

Transportation 11.71 Spice Jet 3.96 IRB Infrastructure Developers 3.22

The Great Eastern Shipping Company 2.60Mundra Port and Special Economic Zone 1.93

Industrial Capital Goods 8.15 Bharat Heavy Electricals 4.53

Tecpro System 1.87BGR Energy Systems 1.74

Software 7.90 Infosys Technologies 5.84

HCL Technologies 2.06Zee Learn# 0.00

Finance 5.87 Manappuram General Finance and Leasing 3.77


Consumer Non Durables 4.54 I T C 4.54

Power 4.18CESC 2.15Tata Power Company 2.03

Construction Project 3.81Larsen and Toubro 2.11Hindustan Construction Company 1.69

Textiles - Cotton 2.69 Bombay Dyeing and Manufacturing Company 2.69

Auto 2.63Bajaj Auto 2.63

Textiles Synthetic 2.62JBF Industries 2.62

Minerals/Mining 2.50Gujarat NRE Coke 2.34Gujarat NRE Coke Bonus Shares 0.16

Pesticides 2.49United Phosphorus 2.49

Consumer Durables 2.26Bajaj Electricals 2.26

Engineering Services 2.21Va Tech Wabag 2.21

Pharmaceuticals 2.11Cadila Healthcare 2.11

Telecom - Services 2.03Bharti Airtel 2.03

Media & Entertainment 1.97Jagran Prakashan 1.97

Petroleum Products 1.90Reliance Industries 1.90

Ferrous Metals 1.79Adhunik Metaliks 1.79

Auto Ancillaries 1.35Lumax Auto Technologies 1.35

Industrial Products 1.22Polypex Corporation 1.22






October 29, 2010

Last 1 year (12 months) 12,000 13,753 29.48 24.53




Scheme Benchmark

9.47

10.7

5

30.3

5

-2.1

7

9.95

11.1

2

13.8

5

29.0

6

1.14

13.1

5

Last 3 months Last 6 months Last 1 year Last 3 years Since Inception

7



DWS Global Thematic Offshore Fund

An open-ended overseas fund of funds scheme

Fund DetailsInvestment Objective To generate long-term capital growth from a diversified portfolio of

units of overseas mutual funds.

Inception Date 11th September, 2007

Fund Manager Kumaresh Ramakrishnan and Aniket Inamdar

Total Fund Manager’s Experience 14 years each

Experience in Managing DWS Funds 3 years and 3.5 years

Benchmark MSCI World Index



NAVDividend Option Rs. 8.13Growth Option Rs. 8.13

Minimum Investment Amount Rs. 5000/- and in multiples of Re. 1/- thereafter.






Load Structure (including SIP, Entry Load: Nil. Exit Load: 1% if redeemed/switched out within 12STP and SWP) months of allotment. However, no exit load will be charged where

the STP is into an equity fund from a non equity fund. Investorswill be bearing the expenses of the scheme in addition to theexpenses of the underlying scheme.

Kumaresh Ramakrishnan – Dedicated Fund Manager managing the overseas investments of the scheme.Aniket Inamdar – Dedicated Fund Manager managing the Indian investments of the scheme.

Portfolio of DWS Global Thematic Offshore Fundas of October 29, 2010


Units of DWS Invest Global Thematic Fund 99.27


Total Net Asset 100.00


Date of Inception : 11th September, 2007


Top Ten Holdings of DWS Invest Global ThematicFund (Underlying Fund) as of September 30, 2010

Top Ten Geographic Distribution of DWS InvestGlobal Thematic Fund (Underlying Fund) as ofSeptember 30, 2010Country %

United States 38.47

United Kingdom 9.28

Germany 6.96

Japan 5.68

Austria 5.23

Brazil 3.81

South Africa 3.56

Switzerland 2.61

China 2.55

Russia 2.28



October 29, 2010

Last 1 Year (12 months) 12,000 12,581 9.51 10.01



Security Country Ending Weight (% of equity)

Erste Group Bank AG Austria 3.22

E.ON AG Germany 2.71

Hewlett-Packard Co. United States 2.54

Ericsson Sh B Sweden 2.06

VimpelCom Ltd. ADS Russia 1.91

Anglo American PLC United Kingdom 1.89

Bank of America Corp. United States 1.86

Life Technologies Corp. United States 1.85

Laboratory Corp. of America Holdings United States 1.83

MasterCard Inc. (CI A) United States 1.74

Scheme Benchmark

2.9

8

2.0

8 4.7

3

-8.3

1

-6.3

9

4.3

6

3.2

3 6.6

7

-4.3

0

-2.5

7

Last 3 months Last 6 months Last 1 year Last 3 years Since Inception

8



DWS Global Agribusiness Offshore Fund

An open-ended overseas fund of funds scheme

Fund DetailsInvestment Objective To generate long-term capital growth by investing predominantly in

units of overseas mutual funds, focusing on agriculture and/or wouldbe direct and indirect beneficiaries of the anticipated growth in theagriculture and/or affiliated/allied sectors.

Inception Date 14th May, 2010

Fund Manager Kumaresh Ramakrishnan and Aniket Inamdar

Total Fund Manager’s Experience 14 years each

Experience in Managing DWS Funds 3 years and 3.5 years

Benchmark MSCI World Index



NAVDividend Option Rs. 11.42Growth Option Rs. 11.42

Minimum Investment Amount Rs. 5000/- and in multiples of Re. 1/- thereafter.






Load Structure (including SIP, Entry Load: Nil. Exit Load: 1% if redeemed/switched out within 12STP and SWP) months of allotment. However, no exit load will be charged where

the STP is into an equity fund from a non equity fund. Investorswill be bearing the expenses of the scheme in addition to theexpenses of the underlying scheme.

Kumaresh Ramakrishnan – Dedicated Fund Manager managing the overseas investments of the scheme.Aniket Inamdar – Dedicated Fund Manager managing the Indian investments of the scheme.

Portfolio of DWS Global Agribusiness Offshore Fundas of October 29, 2010


Units of DWS Invest Global Agribusiness Fund 97.94



Top Ten Holdings of DWS Invest Global AgribusinessFund (Underlying Fund) as of September 30, 2010Security Country Ending Weight (% of equity)

Syngenta AG Switzerland 5.44

Viterra Inc. Canada 4.62

Archer Daniels Midland Co. United States 4.34

Monsanto Co. United States 4.30

Yara International ASA Norway 4.00

CF Industries Holdings Inc. United States 3.90

K+S AG Germany 3.42

Safeway Inc. United States 3.33

SUPERVALU Inc. United States 3.11

AGCO Corp. United States 2.83

Top Ten Geographic Distribution of DWS InvestGlobal Agribusiness Fund (underlying fund) as ofSeptember 30, 2010


Date of Inception : 14th May, 2010




October 29, 2010



Country %

United States 29.47

Brazil 7.34

Germany 7.17

Switzerland 7.07

Canada 6.25

Norway 5.67

Australia 5.31

Hong Kong 3.93

China 3.61

France 2.69

Scheme Benchmark

6.53

12.7

3

14.2

2

2.51 4.

36

7.77

Last 1 month Last 3 months Since Inception

9



DWS Money Plus Advantage Fund

An open-ended debt fund

Fund DetailsInvestment Objective To generate regular income (no assured income) by investing primarily

in investment grade fixed income securities/money market instrumentsand to attain capital appreciation by investing a small portion in equity/equity related instruments.

Fund Manager’s Report* The fund aims to generate extra return by taking selective exposure tostocks.

Inception Date Regular Plan Institutional Plan

2nd November, 2007 2nd November, 2007

Date of Recommencement of Institutional Plan: 8th May, 2009

Fund Manager Kumaresh Ramakrishnan for Fixed Income Investments & JigneshBarasara for Equity Investments.

Total Fund Manager’s Experience 14 years & 16 years

Experience in Managing DWS Funds 3 years & 6 years

Benchmark CRISIL MIP Blended Fund Index

Option Dividend (Payout & Reinvestment) and Growth


NAV: Regular Plan Dividend Option Rs. 10.4753Regular Plan Growth Option Rs. 12.6365Institutional Plan Dividend Option Rs. 10.5594Institutional Plan Growth Option Rs. 10.8491

Dividend History

Record Date Dividend per unit (Rs.)# NAV (Rs.) Record Date Dividend per unit (Rs.)# NAV (Rs.)

Monthly Dividend – Regular Plan Monthly Dividend – Institutional Plan

27-Aug-10 0.0500 10.4374 27-Aug-10 0.0500 10.5158

24-Sep-10 0.0500 10.5139 24-Sep-10 0.0500 10.5953

29-Oct-10 0.0500 10.4753 29-Oct-10 0.0500 10.5594# On face value of Rs. 10. Post Dividend per unit NAV will fall to the extent of the payout and applicable tax/surcharges/cess/other statutory levies. Dividend distribution is subject to availability of distributable surplus.

Minimum Investment Amount Regular Plan Institutional Plan

Rs. 5000/- Rs. 5 crores


Additional Investment Amount Regular Plan Institutional Plan

Rs. 1000/- Rs. 1 lakh


Minimum Repurchase Amount Regular Plan Institutional Plan

Rs. 1000/- Rs. 1 lakh


SIP, STP and SWP SIP: Available only for Regular Plan; STP: Regular Plan: STP In and STP Out- Available, Institutional Plan: STP In - Not Available and STP Out - Available;SWP: Available

Minimum Investment Amount for SIP, SIP available only for Regular Plan. Minimum amount of Rs. 12000/-STP and SWP divided into 12 installments of Rs. 1000/- each for 12 months or 6

installments of Rs. 2000/- each for 6 months or 4 installments ofRs. 3000/- each for 3 months.

Load Structure (including SIP, STP and Entry Load: Nil. Exit Load: 1.5% if redeemed/switched out within 12SWP) months. However, no exit load will be charged where the STP is into

an equity fund from a non equity fund.


Average Maturity 0.53 Yrs

Modified Duration 0.49 Yrs


Asset Allocation (%)

Credit Quality Profile (%)

Date of Inception : 2nd November, 2007



Institutional Plan

Date of Inception : 2nd November, 2007Date of Recommencement of Institutional Plan: 8th May, 2009. In case of Institutional Plan, Date ofRecommencement has been considered as date of inception.

Issuer % to Net Assets Rating

Money Market Instruments 34.99 JM Financial Products 5.40 P1+

IDBI Bank 4.81 A1+ Allahabad Bank 4.80 A1+

ING Vyasa Bank 4.79 P1+ State Bank of Hyderabad 4.63 P1+

Religare Finvest 3.22 A1+Punjab National Bank 2.69 A1+

UCO Bank 2.40 P1+State Bank of Travancore 0.68 P1+

Kotak Mahindra Prime 0.46 P1+Andhra Bank 0.23 PR1+

Syndicate Bank 0.23 P1+Sundaram Finance 0.23 P1+

Reliance Capital 0.23 A1+Morgan Stanley India Capital 0.23 F1+

Corporate Debt 42.40 ETHL Communications Holdings 17.94 AAA(SO)

Corporate Loan Securitization 3 Trust Series A2 2011Time Technoplast Securitised Debt 11.62 P1+(SO)

Kesoram Industries 3.55 AA

Citi Financial Consumer Finance India 2.76 AA+(SO)Cholamandalam Investment and Finance Company 2.39 LAA-

Bajaj Finance 1.45 LAA+Kotak Mahindra Prime 1.20 LAA

Tata Capital 1.01 LAA+Kotak Mahindra Investments 0.48 A1+

Equities 12.08 Areva T&D India 5.74

Suashish Diamonds 4.03Goodyear India 2.22

Zenotech Laboratories 0.09



10.52Cash & Current Assets

12.08Equities

34.99Money Market Instruments

42.40Corporate Debt

12.08Equity

12.37AA / P1

75.55AAA / P1+

Scheme Benchmark

2.39

5.43

8.14

3.69

8.59

5.97

Last 6 months Last 1 year Since Inception

Scheme Benchmark

2.51

5.69

5.67

3.69

8.59

8.81


10



DWS Twin Advantage Fund(Monthly Income is not assured and is subject to the availability of distributable surplus)

An open-ended income scheme

Fund DetailsInvestment Objective To generate regular income (no assured income) in order to make regular

dividend payments to unit holders and the secondary objective is growthof capital. However, there can be no assurance that the investmentobjective of the scheme will be achieved.

Fund Manager’s Report* The fund aims to generate additional return by taking selective exposureto stocks.

Inception Date 29th January, 2004

Fund Manager Nitish Gupta for Fixed Income Investments & Jignesh Barasara for EquityInvestments.

Total Fund Manager’s Experience 15 years & 16 years

Experience in Managing DWS Funds 2 years & 6 years

Benchmark CRISIL MIP Blended Index

Option Dividend (Monthly, Quarterly and Annual Payout/Reinvestment) &Growth.


NAV: Regular Annual Dividend Option Rs. 11.7782Regular Quarterly Dividend Option Rs. 10.5321Regular Monthly Dividend Option Rs. 10.7048Growth Option Rs. 16.2176

Dividend History

Record Date Dividend per NAV (Rs.) Record Date Dividend per NAV (Rs.) Record Date Dividend per NAV (Rs.)unit (Rs.)# unit (Rs.)# unit (Rs.)#

Monthly Dividend Quarterly Dividend Annual Dividend

27-Aug-10 0.0500 10.6539 26-Mar-10 0.1650 10.5800 30-Mar-07 0.6250 10.2369

24-Sep-10 0.0500 10.7470 25-June-10 0.1800 10.6836 31-Mar-09 0.7500 10.9514

29-Oct-10 0.0500 10.7048 24-Sep-10 0.1800 10.7045 26-Mar-10 0.6500 11.9085# On face value of Rs. 10. Post Dividend per unit NAV will fall to the extent of the payout and applicable tax/surcharges/cess/other statutory levies. Dividend distribution is subject to availability of distributable surplus.

Minimum Investment Amount For Monthly and Quarterly Dividend For Annual Dividend and Growth

Rs. 25000/- Rs. 5000/-





Minimum Investment Amount Monthly/Quarterly Dividend: Initial investment of Rs. 25000/- andfor SIP and STP subsequent investment of Rs. 5000/- each. Annual Dividend and Growth

Option: Minimum amount Rs. 6000/- divided into 6 installments ofRs. 1000/- each or 12 installments of Rs. 500/- each or 4 installmentsof Rs. 1500/- each.

Minimum Investment Amount Minimum amount for SWP shall be the same as minimum redemptionfor SWP amount for scheme.

Load Structure (including SIP, Entry Load: Nil. Exit Load: 1.5% if redeemed/switched out within 12STP and SWP) months of allotment. However, no exit load will be charged where





Portfolio ( Top Ten Holdings)Issuer % to Net Assets Rating

Money Market Instruments 4.57

Reliance Capital 4.57 A1+

Corporate Debt 49.62

ETHL Communications Holdings 26.56 AAA(SO)

Bajaj Finance 6.59 AA+

Trapti Trading and Investments 6.58 A1+

Cholamandalam Investment and Finance Company 4.65 LAA-

Shriram Transport Finance 3.27 AA+

Kotak Mahindra Investments 1.87 A1+

AXIS Bank 0.10 LAA+

GOI Securities 0.54

4.92% Govt.Stock 2020 0.54 Sovereign

PSU Bonds 0.21

Power Grid Corporation of India 0.12 AAA

NABARD 0.10 AAA

Equities 19.09

Areva T&D India 6.23

Ingersoll Rand India 4.37

Suashish Diamonds 4.13

Thomas Cook 2.52

Goodyear India 1.78

Zenotech Laboratories 0.06

Collateralised Borrowing & Lending Obligation 11.00








0.21PSU Bonds

0.54GOI Securities


11.00Collateralised Borrowing & Lending Obligation


19.09Equities

49.62Corporate Debt

19.09Equity

14.61AA/P1

66.30AAA/P1+

Scheme Benchmark

3.43

7.31

4.79

7.21 7.42

3.69

8.59

6.00

8.30

7.38

Last 6 months Last 1 year Last 3 years Last 5 years Since Inception

11



DWS Gilt Fund

An open-ended gilt scheme


GOI Securities 90.96


Collateralised Borrowing & Lending Obligations 18.22

Cash & Current Assets -9.18


Fund DetailsInvestment Objective To generate reasonable returns by investing in Central/State Government

securities of various maturities.

Fund Manager’s Report* We have increased the average maturity of the fund from the last month.


27th October, 2008 27th October, 2008

Date of Recommencement of Institutional Plan: 10th May, 2010.

Fund Manager Avnish Jain



Benchmark I-Sec Sovereign Bond Index

Option Dividend (Payout & Reinvestment) & Growth


NAV: Regular Plan Dividend Option Rs. 10.6320Regular Plan Growth Option Rs. 10.8672Institutional Plan Dividend Option Rs. 10.0000Institutional Plan Growth Option Rs. 10.1963

Dividend History



26-Dec-08 0.25 11.4629 26-Dec-08 0.25 11.4745# On face value of Rs. 10. Post Dividend per unit NAV will fall to the extent of the payout and applicable tax/surcharges/cess/other statutory levies. Dividend distribution is subject to availability of distributable surplus.


Rs. 5000/- Rs. 50 lakhs

& in multiples of Re. 1/- thereafter.


Rs. 1000/- Rs. 1 lakh



Rs. 1000/- Rs. 1 lakh


SIP, STP and SWP SIP: Available only for Regular Plan. STP and SWP: Available

Minimum Investment Amount for SIP, SIP Available only for Regular Plan. Minimum amount of Rs. 12000/-STP & SWP divided into 12 installments of Rs. 1000/- each for 12 months or 6


Load Structure (including SIP, STP Entry Load: Nil. Exit Load: 0.25% if redeemed/switched out within 1 month& SWP) of allotment. However, no exit load will be charged where the STP is

into an equity fund from a non equity fund.





Date of Inception : 27th October, 2008



Date of Recommencement of Institutional Plan: 10th May, 2010.

In case of Institutional Plan, Date of Recommencement has been considered as date ofinception.


Institutional Plan

-9.18Cash & Current Assets

18.22Collateralised Borrowing & Lending Obligations

90.96GOI Securities

100.00AAA/P1+

Scheme Benchmark

2.51

4.25

4.23

2.19

5.61

7.15


Scheme Benchmark

0.36

1.24

1.96

-0.1

5

0.78

1.73

Last 1 month Last 3 months Since Inception

12



## The assigned rating “AAAf” is valid only for “DWS Premier Bond Fund”. The rating of CRISIL is not an opinion of the Asset Management Company’s willingness or ability to make timely paymentsto investors. The rating is also not an opinion on the stability of the NAV of the fund, which could vary with market developments.

DWS Premier Bond Fund

An open-ended debt scheme

Fund DetailsInvestment Objective To provide regular income by investing in debt securities including

bonds and money market instruments.

Fund Manager’s Report* We have increased the average maturity of the fund.

Inception Date Regular Plan Institutional Plan Auto Sweep Plan

21st January, 2003 11th December, 2008 9th February, 2009

Fund Manager Nitish Gupta


Experience in Managing DWS Funds 2 years

Benchmark CRISIL Composite Bond Fund Index

Option Regular Plan Institutional Plan Auto Sweep Plan

Dividend (Monthly, Quarterly and Annual Regular Auto SweepPayout/Reinvestment) & Growth Plan.


NAV: Regular Annual Dividend Option Rs. 12.8187Regular Monthly Dividend Option Rs. 12.3095Regular Quarterly Dividend Option Rs. 11.5449Regular Growth Option Rs. 16.1358Institutional Monthly Dividend Option Rs. 10.1968Institutional Quarterly Dividend Option Rs. 10.0000Institutional Growth Option Rs. 11.1877Auto Sweep Plan Rs. 10.0000

Dividend History


Monthly Dividend – Regular Plan Quarterly Dividend – Regular Plan

27-Aug-10 0.05 12.2936 26-Mar-10 0.15 11.5698

24-Sep-10 0.05 12.2894 25-June-10 0.15 11.7349

29-Oct-10 0.05 12.3095 24-Sep-10 0.15 11.62.91

Annual Dividend – Regular Plan Monthly Dividend – Institutional Plan

30-Mar-07 0.35 10.3973 27-Aug-10 0.05 10.1963

31-Mar-09 0.50 12.0299 24-Sep-10 0.05 10.1864

26-Mar-10 0.60 12.9564 29-Oct-10 0.05 10.1968# On face value of Rs. 10. Post Dividend per unit NAV will fall to the extent of the payout and applicable tax/surcharges/cess/other statutory levies. Dividend distribution is subject to availability of distributable surplus.

Minimum Investment Amount Regular Plan Institutional Plan Auto Sweep Plan

Rs. 5000/- Rs. 50 Lakhs Rs. 1 Lakh




SIP, STP and SWP SIP: Available only for Regular Plan; STP: Regular Plan: STP In and STPOut - Available; Institutional Plan: STP In - Not Available and STP Out -Available; Auto Sweep Plan: STP In and STP Out - Not Available; SWP:Available

Minimum Investment Amount SIP available only for Regular Plan. Minimum amount of Rs. 12000/-for SIP, STP and SWP divided into 12 installments of Rs. 1000/- each for 12 months or 6


Load Structure (including SIP, Entry Load: Nil. Exit Load: 0.5% if the investor redeemed/switched outSTP and SWP) within 6 months. However, no exit load will be charged where the

STP is into an equity fund from a non equity fund.




GOI Securities 69.52

8.08% Govt.Stock 2022 47.72 Sovereign 8.13% Govt.Stock 2022 21.80 Sovereign

Corporate Debt 9.89 LIC Housing Finance 4.08 AAA

ETHL Communications Holdings 4.07 AAA(SO) Infrastructure Development Finance Company 1.74 AA+

PSU Bonds 13.40 IDBI Bank 8.75 Sovereign

Housing and Urban Development Corporation 4.64 AAA(SO)







Date of allotment has been considered as date of inception.


Date of Inception : 11th December, 2008

Date of allotment has been considered as date of inception.

Institutional Plan

Auto Sweep Plan


Date of Inception : 9th February, 2009

First unit subscription received on 25th February, 2009 and hence considered as date ofinception for returns calculation.

All units have been redeemed as of 31st March, 2010.

Rated AAAfby CRISIL##


9.89Corporate Debt

13.40PSU Bonds

27.81Collateralised Borrowing

& Lending Obligation

69.52GOI Securities

AA/P1 1.74

98.26AAA / P1+

Scheme Benchmark

2.45

7.08

8.56

6.55

6.35

1.85

5.30 6.

02

5.52

5.00


Scheme Benchmark

2.57

7.34

6.15

1.85

5.30

5.34


13



Fund Details

DWS Short Maturity Fund


Investment Objective To generate steady returns with low volatility by investing in short-medium term debt and money market securities.

Fund Manager’s Report* We have increased the average maturity during the month.

Inception Date Regular Plan Institutional Plan Auto Sweep Plan

21st January, 2003 19th December, 2008 30th March, 2009




Benchmark CRISIL Short Term Bond Fund Index

Option Regular Plan Institutional Plan Auto Sweep Plan

Dividend (Weekly Reinvestment & Monthly Dividend (Daily &Payout/Reinvestment) & Growth Weekly Reinvestment)


NAV: Regular Dividend Option – Weekly Rs. 10.2370Regular Dividend Option – Monthly Rs. 11.4497Regular Growth Option Rs. 17.0800Auto Sweep Weekly Dividend Option Rs. 10.0000Institutional Dividend Option – Monthly Rs. 10.2031Institutional Dividend Option – Weekly Rs. 10.4123Institutional Growth Option Rs. 11.4126

Dividend History



27-Aug-10 0.05 11.4696 27-Aug-10 0.05 10.2282

24-Sep-10 0.05 11.4605 24-Sep-10 0.05 10.2162


Minimum Investment Amount Regular Plan Institutional Plan Auto Sweep Plan

Rs. 5000/- Rs. 5 crores Rs. 50000/-




SIP, STP and SWP SIP: Available only for Regular Plan, STP: Regular Plan: STP In and STP Out- Available; Institutional Plan: STP In - Not Available and STP Out -Available; Auto Sweep Plan: STP In and STP Out - Not Available, SWP:Available

Minimum Investment Amount SIP available only for Regular Plan. Minimum amount of Rs. 12000/-for SIP, STP and SWP divided into 12 installments of Rs. 1000/- each for 12 months or 6


Load Structure (including SIP, Entry Load: Nil. Exit Load: 1.5% if the investor redeemed/switched outSTP and SWP) within 12 months. However, no exit load will be charged where the

STP is into an equity fund from a non equity fund.




## The assigned rating “AAAf” is valid only for “DWS Short Maturity Fund”. The rating of CRISIL is not an opinion of the Asset Management Company’s willingness or ability to make timely paymentsto investors. The rating is also not an opinion on the stability of the NAV of the fund, which could vary with market developments. $$ Past performance is no guarantee of future results.




Regular andInstitutional Plan**



Date of Inception : 19th December, 2008;


Regular Plan

Institutional Plan





Money Market Instruments 41.46 Religare Finvest 6.79 A1+

India Infoline Investment Services 4.95 A1+ State Bank of Bikaner and Jaipur 4.72 P1+

State Bank of Hyderabad 4.63 P1+ State Bank of Patiala 3.70 P1+

Andhra Bank 3.70 PR1+ State Bank of Mysore 3.70 P1+

Bank of India 3.70 P1+AXIS Bank 3.69 P1+

JM Financial Products 1.88 P1+


ETHL Communications Holdings 10.26 AAA(SO) Corporate Loan Securitization 3 Trust 2011 Series A2

Time Technoplast Securitised Debt 4.76 P1+(SO)

Trapti Trading and Investments 3.96 A1+ Kotak Mahindra Investments 3.94 A1+

TML Auto Securitisation Trust Feb 2010Tata Motors Securitised Debt 3.22 AA+(SO)Kesoram Industries 3.04 AA

Bajaj Finance 2.98 AA+ICICI Bank 2.77 AAA

Cholamandalam Investment & Finance Company 2.47 LAA-Shriram Transport Finance 1.99 AA+

Sundaram Finance 0.61 AA+Tata Capital 0.61 AA+

Corporate Loan Securitization 3 Trust 2011 Series A1Time Technoplast Securitised Debt 0.30 P1+(SO)

GOI Securities 5.98


PSU Bonds 3.55

National Housing Bank 2.95 AAAIDBI Bank 0.60 Sovereign





3.55PSU Bonds

5.98GOI Securities


40.92Corporate Debt


14.92AA / P1

85.08AAA / P1+

Scheme Benchmark

2.57

5.36

8.84

7.93

7.13

1.94

4.83

7.05

6.71

5.89


Scheme Benchmark

2.73

5.68

7.36

1.94

4.83

5.98


14



Fund Details

DWS Insta Cash Plus Fund

An open-ended liquid Income fund



## The assigned rating “AAAf” is valid only for “DWS Insta Cash Plus Fund”. The rating of CRISIL is not an opinion of the Asset Management Company’s willingness or ability to make timely paymentsto investors. The rating is also not an opinion on the stability of the NAV of the fund, which could vary with market developments. $$, **Past performance is no guarantee of future results.



Institutional and SuperInstitutional Plan**Rated AAAf

by CRISIL##



India Infoline Investment Services 9.17 A1+

Central Bank of India 6.09 PR1+

Allahabad Bank 4.85 A1+ Bank of Maharashtra 3.94 A1+ JM Financial Services 3.91 P1+ Infina Finance 3.66 P1+


UCO Bank 3.04 P1+

Religare Finvest 3.04 A1+Oriental Bank of Commerce 3.04 P1+State Bank of Bikaner & Jaipur 3.03 P1+State Bank of Patiala 3.03 A1+Punjab National Bank 3.03 PR1+Punjab National Bank 2.76 A1+Corporation Bank 2.13 P1+National Housing Bank 2.12 A1+Andhra Bank 1.83 PR1+Enam Finance 1.53 A1+(SO)SBI Global Factors 1.53 P1+Edelweiss Capital 1.53 P1+State Bank of India 1.52 P1+Punjab and Sind Bank 1.52 A1+Magma Fincorp 1.52 PR1+SREI Equipment Finance 1.52 PR1+National Housing Bank 1.52 P1+Jindal Steel and Power 1.52 A1+Ericsson India 1.52 A1+Tata Capital 1.51 A1+ING Vyasa Bank 1.51 P1+L & T Finance 1.51 PR1+Canara Bank 1.21 P1+Aditya Birla Money 0.92 P1+AXIS Bank 0.91 P1+Cholamandalam Investment and Finance Company 0.91 A1+Indian Bank 0.73 F1+IL & FS 0.61 A1+Mahindra and Mahindra Financial Services 0.61 P1+Bank of Baroda 0.61 P1+Federal Bank 0.61 P1+Corporate Debt 6.32

ECL Finance 3.07 P1+GE Capital Services India 2.46 AAABHPC Auto Sec Trust Nov 2009 Series A1Tata Motors Securitised Debt 0.42 AAA(SO)Birla TMT Holdings 0.31 P1+Investment Vehicle Series A3-ICICI Bank Securitised Debt 0.07 AAA(SO)

Treasury Bills 1.53182 Day Treasury Bill 12-Nov-2010 1.53 SovereignFixed Deposit 3.07

Collateralised Borrowing & Lending Obligations 0.06Cash & Current Assets 0.43




Institutional Plan

Date of Inception : 25th June, 2004

Super Institutional Plan

Date of Inception : 4th September, 2007

Date of allotment has been considered as date of inception. Returns for less than 1 year period are absolute and those greater than or equal to 1 year period are compounded annualised. Pastperformance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Performance calculated on growth option NAV. Since inception returnsare calculated on Rs.10/- invested on inception.

Investment Objective To generate steady returns along with high liquidity by investing ina portfolio of short-term, high quality money market and debtinstruments.

Fund Manager’s Report* The fund has been maintaining a judicious mix of near liquid andshort term securities to deliver consistent market related returns.

Inception Date Regular Plan Institutional Plan Super Institutional Plan21st January, 2003 25th June, 2004 4th September, 2007

Fund Manager Avnish JainTotal Fund Manager’s Experience 14 yearsExperience in Managing DWS Funds 1.5 yearsBenchmark CRISIL Liquid Fund IndexOption Dividend (Daily & Weekly Reinvestment, Monthly Payout/

Reinvestment), Growth & Bonus (Weekly and Monthly).Average AUM (Rs. in Crores) 1795.98NAV:Regular Weekly Bonus Option Rs. 11.7920Regular Daily Dividend Option Rs. 10.3010Regular Monthly Dividend Option Rs. 11.1317Regular Weekly Dividend Option Rs. 10.3645Regular Growth Option Rs. 15.8838Institutional Daily Dividend Option Rs. 10.0516Institutional Monthly Dividend Option Rs. 10.1392Institutional Weekly Dividend Option Rs. 10.0904Institutional Growth Option Rs. 14.9422Super Institutional Weekly Dividend Option Rs. 10.0000Super Institutional Daily Dividend Option Rs. 10.0304Super Institutional Growth Option Rs. 12.3301

Dividend HistoryRecord Date Dividend per unit (Rs.)# NAV (Rs.)Monthly Dividend – Regular Plan27-Aug-10 0.0400 11.104024-Sep-10 0.0400 11.109329-Oct-10 0.0400 11.1317# On face value of Rs. 10.Post Dividend per unit NAV will fall to theextent of the payout and applicable tax/surcharges/cess/other statutory levies.Dividend distribution is subject to availabilityof distributable surplus.

Minimum Investment Amount Regular Plan Institutional Plan Super Institutional PlanRs. 1 lakh Rs. 1 crore Rs. 10 crores

and in multiples of Re. 1/- thereafter.Additional Investment Amount Regular Plan Institutional Plan Super Institutional Plan

Rs. 1000/- Rs. 1 lakhand in multiples of Re. 1/- thereafter.

Minimum Repurchase Amount Regular Plan Institutional Plan Super Institutional PlanRs. 1000/- Rs. 1 lakh

and in multiples of Re. 1/- thereafter.SIP, STP and SWP SIP: Not Available; STP: Regular Plan: STP In-Not Available and STP Out-

Available; Institutional and Super Institutional Plan: STP In-Not Availableand STP Out-Available; SWP: Available

Minimum Investment Amount Minimum amount of Rs. 12000/- divided into 12 installments offor STP and SWP Rs. 1000/- each for 12 months or 6 installments of Rs. 2000/- each

for 6 months or 4 installments of Rs. 3000/- each for 3 months.Load Structure (including STP Entry Load: Nil. Exit Load: Nil. However, no exit load will be chargedand SWP) where the STP is into an equity fund from a non equity fund.Average Maturity 0.12 YrsModified Duration 0.11 Yrs



0.06Collateralised Borrowing & Lending Obligations


1.53Treasury Bills

3.07Fixed Deposit

6.32Corporate Debt


100.00AAA / P1+

Scheme Benchmark

0.12 0.23 0.49

1.38

2.67

4.66

6.52 6.72

6.13

0.12 0.24 0.50

1.46

2.61

4.33

6.09 6.29

5.60

Last 7

days

Last 15

days

Last 1

month

Last 3

months

Last 6

months

Last 1

year

Last 3

years

Last 5

years

Since

Inception

Scheme Benchmark

0.13 0.24 0.51 1.

43

2.77

4.84

6.69 6.89

6.53

0.12 0.24 0.50

1.46

2.61

4.33

6.09 6.29

5.88

Last 7

days

Last 15

days

Last 1

month

Last 3

months

Last 6

months

Last 1

year

Last 3

years

Last 5

years

Since

Inception

Scheme Benchmark

0.13

0.26 0.54 1.

49

2.84

4.98

6.81

6.87

0.12

0.24 0.50 1.

46

2.61

4.33

6.09

6.14

Last 7

days

Last 15

days

Last 1

month

Last 3

months

Last 6

months

Last 1

year

Last 3

years

Since

Inception

15



DWS Treasury Fund – Cash Plan


Fund DetailsInvestment Objective To provide liquidity and generate stable returns by investing in a mix

of short term debt and money market instruments. There can be noassurance that the investment objective of the Scheme will be realized.

Fund Manager’s Report* The Cash Plan aims to deliver consistent returns by investing injudicious mix of money market instruments and short term debtinstruments.

Inception Date 9th October, 2009

Fund Manager Kumaresh Ramakrishnan



Benchmark CRISIL Liquid Fund Index

Option Dividend (Daily Reinvestment only, Weekly Reinvestment, MonthlyPayout and Reinvestment) and Growth.


NAV: Regular Plan Monthly Dividend Rs. 10.0632Regular Plan Daily Dividend Rs. 10.0391Regular Plan Weekly Dividend Rs. 10.1203Regular Plan Growth Rs. 10.5283Institutional Plan Daily Dividend Rs. 10.0497Institutional Plan Weekly Dividend Rs. 10.0835Institutional Plan Growth Rs. 10.5651

Minimum Investment Amount Regular Option Institutional Option

Rs. 5000/- Rs. 1 Crore

and in multiples of Re. 1/- thereafter

Additional Investment Amount Regular Option Institutional Option

Rs. 1000/- Rs. 1 lakh


Minimum Repurchase Amount Regular Option Institutional Option

Rs. 1000/- Rs. 1 lakh





Load Structure (including SIP, Entry Load: Nil. Exit Load: 1% if redeemed/switched out within 7 daysSTP and SWP) of allotment. w.e.f. 14th October, 2010: Nil. However, no exit load will be

charged where the STP is into an equity fund from a non equity fund.



## The assigned ‘Credit Risk rating mfA1+’ is valid only for DWS Treasury Fund-Cash Plan. This rating indicates that the underlying portfolio has the lowest credit risk in the short term & provides highestprotection against credit losses. This rating should however, not be construed as an indication of the performance of the mutual fund scheme or of volatility in its returns.

Cash PlanCredit Risk RatingmfA1+ by ICRA##



Andhra Bank 5.85 PR1+

IL & FS 5.03 A1+

Mahindra and Mahindra Financial Services 5.03 P1+

Infina Finance 5.02 P1+

Corporation Bank 5.02 P1+

UCO Bank 5.01 P1+


Union Bank of India 5.00 A1+

Ericsson India 4.99 A1+

Federal Bank 4.99 P1+

Indian Bank 4.32 F1+IDBI Bank 4.00 A1+

IDBI Home Finance 3.36 A1+Aditya Birla Finance 3.35 A1+

Religare Finvest 3.35 A1+Jindal Steel and Power 3.33 A1+

Cholamandalam Investment and Finance Company 3.33 A1+National Housing Bank 3.33 A1+

Karur Vysya Bank 3.32 P1+Bank of Maharashtra 3.32 A1+

State Bank of Travancore 3.32 P1+Canara Bank 1.67 P1+

Corporate Debt 6.74GE Capital Services India 3.37 AAA

Birla TMT Holdings 3.37 P1+








Regular Plan

Institutional Plan





6.74Corporate Debt


100.00AAA / P1+

Scheme Benchmark

0.48

1.40

2.73

5.00 5.28

0.50

1.46

2.61

4.33 4.49

Last 1 month Last 3 months Last 6 months Last 1 year Since Inception

Scheme Benchmark

0.54

1.55

3.00

5.36 5.65

0.50

1.46

2.61

4.33 4.49


16



Fund Details Portfolio ( Top Ten Holdings)

DWS Treasury Fund – Investment Plan


Investment Objective To provide liquidity and generate stable returns by investing in a mixof short term debt and money market instruments. There can be noassurance that the investment objective of the Scheme will be realized.

Fund Manager’s Report* The Investment Plan aims to deliver consistent returns by investingin judicious mix of short and medium term securities.

Inception Date 9th October, 2009





Option Dividend (Daily Reinvestment only, Weekly Reinvestment, MonthlyPayout and Reinvestment) and Growth.


NAV : Regular Plan Monthly Dividend Rs. 10.0919Regular Plan Weekly Dividend Rs. 10.0834Regular Plan Daily Dividend Rs. 10.2220Regular Plan Growth Rs. 10.6028Institutional Plan Monthly Dividend Rs. 10.0505Institutional Plan Weekly Dividend Rs. 10.0727Institutional Plan Daily Dividend Rs. 10.0417Institutional Plan Growth Rs. 10.6400

Dividend History – Investment Plan


Regular Option Institutional Option

27-Aug-10 0.0450 10.1020 27-Aug-10 0.0450 10.0523

24-Sep-10 0.0450 10.0958 24-Sep-10 0.0450 10.0498


Minimum Investment Amount Regular Option Institutional Option

Rs. 5000/- Rs. 1 Crore

and in multiples of Re. 1/- thereafter

Additional Investment Amount Regular Option Institutional Option

Rs. 1000/- Rs. 1 lakh


Minimum Repurchase Amount Regular Option Institutional Option

Rs. 1000/- Rs. 1 lakh





Load Structure (including Entry Load: Nil. Exit Load: 1% if redeemed/switched out within 3 monthsSIP, STP and SWP) of allotment. However, no exit load will be charged where the STP is

into an equity fund from a non equity fund.







Regular Plan

Institutional Plan





Religare Finvest 7.76 A1+

Canara Bank 7.39 P1+

Reliance Capital 5.05 A1+

State Bank of Mysore 3.81 P1+

State Bank of Hyderabad 3.68 A1+

Thomas Cook 3.61 P1+State Bank of Patiala 3.47 P1+

Andhra Bank 3.46 PR1+Bank of India 3.46 P1+

AXIS Bank 3.45 P1+JM Financial Products 3.14 P1+



Magma Fincorp 7.42 PR1+

ICICI Bank 3.71 AAA

Trapti Trading and Investments 3.70 A1+

Kotak Mahindra Investments 3.69 A1+

Kesoram Industries 1.42 AAKotak Mahindra Prime 0.29 LAA






41.27Corporate Debt


1.72AA / P1

98.28AAA / P1+

Scheme Benchmark

0.33 1.

04

2.28

5.52 6.

03

0.50

1.46

2.61

4.33 4.49


Scheme Benchmark

0.37 1.

16

2.53

5.88 6.

40

0.50

1.46

2.61

4.33 4.49


17



Fund DetailsInvestment Objective To provide liquidity and generate stable returns by investing in a mix

of short term debt and money market instruments.Fund Manager’s Report* The fund has been maintaining a judicious mix of near liquid and

short term securities to deliver consistent market related returns.Inception Date Regular Plan Institutional Plan Auto Sweep Plan

21st October, 2003 7th July, 2008 30th March, 2009Date of Recommecement of Institutional Plan: 18th November, 2008

Fund Manager Avnish JainTotal Fund Manager’s Experience 14 yearsExperience in Managing DWS Funds 1.5 yearsBenchmark CRISIL Liquid Fund IndexOption Regular Plan: Dividend (Daily and Weekly Reinvestment, Monthly

Reinvestment/Payout) Growth and Bonus. Institutional Plan: Dividend(Daily Reinvestment, Weekly and Monthly Reinvestment/Payout)Growth and Bonus. Auto Sweep Plan: Dividend (Daily & WeeklyReinvestment)

Average AUM (Rs. in Crores) 661.28NAV: Regular Monthly Dividend Option Rs. 10.2509

Regular Weekly Dividend Option Rs. 10.5125Regular Daily Dividend Option Rs. 10.0215Regular Bonus Option Rs. 11.2564Regular Growth Option Rs. 15.4157Institutional Weekly Dividend Option Rs. 10.0897Institutional Daily Dividend Option Rs. 10.0179Institutional Monthly Dividend Option Rs. 10.0000Institutional Growth Option Rs. 11.1801Auto Sweep Daily Dividend Option Rs. 10.0213

Dividend History

Record Date Dividend per unit (Rs.)# NAV (Rs.) Record Date Dividend per unit (Rs.)# NAV (Rs.)Monthly Dividend – Regular Plan Monthly Dividend – Institutional Plan27-Aug-10 0.0400 10.2342 30-April-10 0.0400 10.114424-Sep-10 0.0400 10.2357 28-May-10 0.0400 10.112829-Oct-10 0.0400 10.2509 25-June-10 0.0450 10.1157# On face value of Rs. 10. Post Dividend per unit NAV will fall to the extent of the payout and applicable tax/surcharges/cess/other statutory levies. Dividend distribution is subject to availability of distributable surplus.Minimum Investment Amount Regular Plan Institutional Plan Auto Sweep Plan

Rs. 5000/- Rs. 1 crore Rs. 50000/-and in multiples of Re. 1/- thereafter.

Additional Investment Amount Regular Plan Institutional Plan Auto Sweep PlanRs. 1000/- Rs. 1 lakh Rs. 1000/-

and in multiples of Re. 1/- thereafter.Minimum Repurchase Amount Regular Plan Institutional Plan Auto Sweep Plan

Rs. 1000/- Rs. 1 lakh Rs. 1000/-and in multiples of Re. 1/- thereafter.

SIP, STP and SWP SIP: Not Available; STP: Regular Plan: STP In and STP Out-Available,Institutional Plan: STP In-Not Available and STP Out-Available, Auto SweepPlan: STP In and STP Out-Not Available; SWP: Available


for 6 months or 4 installments of Rs. 3000/- each for 3 months.Load Structure (including STP Entry Load: Nil. Exit Load: Nil. However, no exit load will be chargedand SWP) where the STP is into an equity fund from a non equity fund.Average Maturity 0.17 YrsModified Duration 0.15 Yrs

DWS Ultra Short Term Fund


## The assigned rating “AAAf” is valid for “DWS Ultra Short Term Fund”. The rating of CRISIL is not an opinion of the Asset Management Company’s willingness or ability to make timely payments toinvestors. The rating is also not an opinion on the stability of the NAV of the fund, which could vary with market developments. $$, **Past performance is no guarantee of future results.







Date of Inception : 21st October, 2003

Regular Plan

Institutional Plan


Date of Inception : 7th July, 2008Date of Recommencement of Institutional Plan: 18th November 2008. In case of Institutional Plan,Date of Recommencement has been considered as date of inception.



Central Bank of India 6.54 PR1+

Religare Finvest 6.52 A1+

UCO Bank 4.66 P1+

Magma Fincorp 4.66 PR1+

IDBI Bank 4.64 F1+

Infina Finance 3.74 P1+Aditya Birla Finance 2.81 A1+Allahabad Bank 2.80 P1+Jindal Steel and Power 2.80 A1+ING Vyasa Bank 2.79 P1+State Bank of Travancore 2.79 P1+JM Financial Services 2.07 P1+Canara Bank 1.86 P1+JM Financial Products 1.86 P1+Ericsson India 1.86 A1+Allahabad Bank 1.86 A1+Kotak Mahindra Prime 1.60 P1+Reliance Capital 1.46 A1+National Housing Bank 0.93 A1+Dena Bank 0.91 P1+Thomas Cook 0.91 P1+State Bank of Hyderabad 0.27 P1+Reliance Home Finance 0.09 A1+


RB Loan Trust Series 32 Dabur Investment CorporationSecuritised Debt 6.05 LAA(SO)


Birla TMT Holdings 4.70 P1+

TML Auto Securitisation Trust Series A2 Feb 2010Tata Motors Securitised Debt 4.14 AA+(SO)IBRL Trust Option Series A1 - Tata Motors FinanceSecuritised Debt 0.58 AAAr(SO)Citi Financial Consumer Finance India 0.36 AA+(SO)IBCL Trust Series - I Atlas Copco Securitised Debt 0.31 AA+(SO)Tata Motors Finance 0.19 AA-Indian Loan Receivable Securitisation Trust Series 6Cholamandalam Securitised Debt 0.09 LC(SO)Investment Vehicle Series A3-ICICI Bank Securitised Debt 0.08 AAA(SO)


Fixed Deposit 4.71





4.71Fixed Deposit


21.79Corporate Debt


Other

AA / P1

0.09

11.05

88.87AAA / P1+

Scheme Benchmark

0.47 1.

33

2.59

4.72

6.78

6.88

6.35

0.50 1.

46

2.61

4.33

6.09 6.29

5.70

Last 1

month

Last 3

months

Last 6

months

Last 1

year

Last 3

years

Last 5

years

Since

Inception

Scheme Benchmark

0.52

1.47

2.86

5.24 5.

90

0.50

1.46

2.61

4.33 5.

12


18



Fund Details

DWS Money Plus Fund


Investment Objective To generate steady return by investing in debt and money marketsecurities across the credit spectrum.

Fund Manager’s Report* The fund has been maintaining a judicious mix of short dated moneymarket and debt securities to deliver consistent market related returns.


13th March, 2006 7th November, 2006Date of Recommencement of

Institutional Plan: 13th April, 2009.





Option Dividend (Daily & Weekly Reinvestment & Monthly Reinvestment/Payout), Growth and Bonus.


NAV: Regular Monthly Dividend Option Rs. 10.2251Regular Weekly Dividend Option Rs. 10.1637Regular Daily Dividend Option Rs. 10.0645Regular Bonus Option Rs. 11.0408Regular Growth Option Rs. 13.4959Institutional Monthly Dividend Option Rs. 10.6176Institutional Weekly Dividend Option Rs. 10.0000Institutional Daily Dividend Option Rs. 10.0790Institutional Growth Option Rs. 10.0000

Dividend History



27-Aug-10 0.0350 10.2494 31-Jul-09 0.0550 10.3086

24-Sep-10 0.0350 10.2266 28-Aug-09 0.0350 10.2907

29-Oct-10 0.0350 10.2251 25-Sept-09 0.0350 10.3023# On face value of Rs. 10. Post Dividend per unit NAV will fall to the extent of the payout and applicable tax/surcharges/cess/other statutory levies. Dividend distribution is subject to availability of distributable surplus.


Rs. 5000/- Rs. 1 crore



Rs. 1000/- Rs. 1 lakh



Rs. 1000/- Rs. 1 lakh


SIP, STP and SWP SIP: Not Available; STP: Regular Plan: STP In and STP Out - Available,Institutional Plan: STP In - Not Available and STP Out - Available; SWP:Available.



Load Structure (including STP Entry Load: Nil. Exit Load: 0.25% if redeemed/switchout within 7 daysand SWP) from allotment date. w.e.f. 4th November, 2010: 1% if redeemed/

switchout within 4 months from allotment date. However, no exitload will be charged where the STP is into an equity fund from a nonequity fund.





Date of Inception : 13th March, 2006.

Date of Inception : 7th November, 2006Date of Recommencement of Institutional Plan: 13th April, 2009.In the case of Institutional Plan, Date of Recommencement has been considered as Date ofInception.


Regular Plan

Institutional Plan

All units have been redeemed as of 29th September, 2010.





Karnataka Bank 9.78 PR1+

State Bank of Hyderabad 9.65 P1+

IDBI Bank 6.02 A1+

Andhra Bank 5.03 PR1+

Karur Vysya Bank 5.00 P1+

Canara Bank 0.94 P1+

State Bank of Patiala 0.94 A1+

YES Bank 0.94 A1+

Corporate Debt 0.23

Investment Vehicle Series A3-ICICI Bank Securitised Debt 0.23 AAA(SO)




Corporate Debt

Cash & Current Assets

Money Market Instruments

0.23

3.73

38.30


100.00AAA / P1+

Scheme Benchmark0.

98

2.62

5.95 6.

69

2.61

4.33

6.09 6.40

Last 6 months Last 1 year Last 3 years Since Inception

19



Fund Details


Investment Objective To generate regular income by investing primarily in investment gradedfixed income securities/money market instruments.

Fund Manager’s Report* The fund focusses on adding value through credit identification whilestrict portfolio discipline ensures minimal volatility in returns.


22nd June, 2007 10th January, 2008




Option Regular Plan: Dividend (Daily & Weekly Dividend Reinvestment only,Fortnightly Reinvestment/Payout & Monthly Dividend Reinvestment/Payout) and Growth Option. Institutional Plan: Growth Option, BonusOption and Dividend (Daily & Weekly Dividend Reinvestment only,Fortnightly Monthly Dividend Reinvestment/Payout).



NAV: Regular Monthly Dividend Option Rs. 10.2320Regular Fortnightly Dividend Option Rs. 10.1487Regular Weekly Dividend Option Rs. 10.1095Regular Daily Dividend Option Rs. 10.0271Regular Growth Option Rs. 12.6516Institutional Monthly Dividend Option Rs. 10.3496Institutional Fortnightly Dividend Option Rs. 10.1007Institutional Weekly Dividend Option Rs. 10.0848Institutional Daily Dividend Option Rs. 10.0243Institutional Growth Option Rs. 12.1794

Dividend History



27-Aug-10 0.0450 10.2336 27-Aug-10 0.0450 10.3368

24-Sep-10 0.0450 10.2288 24-Sep-10 0.0450 10.3384



Rs. 5000/- Rs. 1 crore




SIP, STP and SWP SIP: Not Available; STP and SWP: Available



Load Structure (including STP Entry Load: Nil. Exit Load: 1% if the investor redeems within 45 daysand SWP) from the allotment of units. However, no exit load will be charged

where the STP is into an equity fund from a non equity fund.




DWS CashOpportunities Fund

$$, **, $ Ranking Methodology on page no. 16

## The assigned rating “AAf” is valid only for “DWS Cash Opportunities Fund”. The rating of CRISIL is not an opinion of the Asset Management Company’s willingness or ability to make timely payments toinvestors. The rating is also not an opinion on the stability of the NAV of the fund, which could vary with market developments. $, **Past performance is no guarantee of future results.

Rated 5 by ICRA$

for Institutional Planin December ‘09


Date of Inception : 22nd June, 2007



Institutional Plan




Rated AAfby CRISIL##


Money Market Instruments 41.91 Central Bank of India 7.19 PR1+

Karur Vysya Bank 5.97 P1+ IDBI Home Finance 4.83 A1+

Union Bank of India 4.79 A1+ Allahabad Bank 4.77 A1+

UCO Bank 4.77 P1+Television Eighteen India 4.69 A1+(SO)

Infina Finance 2.41 P1+Religare Finvest 2.34 A1+

Federal Bank 0.16 P1+


TML Auto Securitisation Trust Series A2 Feb 2010Tata Motors Securitised Debt 15.34 AA+(SO)

RB Loan Trust Series 32 Dabur InvestmentCorporation Securitised Debt 9.41 LAA(SO)

Magma Fincorp 7.22 PR1+ Birla TMT Holdings 4.83 P1+

BHPC Auto Securitarisation Trust Sep 2007-II Series A2Tata Motors Securitised Debt 4.07 AAA(SO)

IBRL Trust Option Series A1 - Tata Motors FinanceSecuritised Debt 2.62 AAAr(SO)Citi Financial Consumer Finance India 0.73 AA+(SO)

Citi Financial Consumer Finance India 0.34 LAA+(SO)IBCL Trust Series - I Atlas Copco Securitised Debt 0.21 AA+(SO)

Indian Loan Rec Securitarisation Trust Series 6Cholamandalam Securitised Debt 0.01 LC(SO)

Treasury Bills 4.82

91 Days Treasury Bill 19-Nov-2010 4.82 Sovereign





4.82Treasury Bills



44.78Corporate Debt

0.01Others

26.02AA / P1

73.97AAA / P1+

Scheme Benchmark

2.46

4.61

7.04 7.26

2.61

4.33

6.09

6.09

Last 6 months Last 1 year Last 3 years Since Inception

Scheme Benchmark

2.84

5.37

7.29

2.61

4.33

6.05


Deutsche Asset Management (India) Private Limited2nd Floor, 222, Kodak House, Dr. D. N. Road, Fort, Mumbai - 400 001. Tel: +91 (22) 6658 4300 • Fax: +91 (22) 2207 4411 • Toll Free: 1-800-209-5005 (9.00 AM. to 6.00 PM.)E-mail: [email protected] • Website: www.dws-india.com

Deutsche Asset Management (India) Private Limited: Ahmedabad: 303-A, 3rd Floor, Raindrop Bldg, C G Road, Ahmedabad - 380 006. Tel: +91 (079) 65124445/26463005. Bangalore: No.909, 9th Floor, PrestigeMeridian-1, # 29, M.G. Road, Bangalore-560001, Karnataka, India. Tel: +91 (080) 25590110. Chandigarh: 333-334, Megabyte Centre, 1st floor, Sector 35, Chandigarh. Tel: +91 (0172) 4628570. Chennai: Gee Gee Plaza, 3rdFloor, Plot no.14A, Door No. 1, Wheat Crofts Road, Nungambakkam, Chennai - 600 034 Tel: +91 (044) 64504425/26/27. Cochin: 510, 5th Floor, Govardhan Business Centre, Chittoor Road, Cochin - 682 035. Tel: +91 (0484)2366686/698. Coimbatore: Krisan Business Center, New No. 81, Government Arts College Road, Coimbatore - 641018. Tel: +91 (422) 4393270. Hyderabad: DBS Business Center, DBS House 1-7-43-46, Sardar Patel Road,Secunderabad - 500 003. Tel: +91 (040) 64555700/27846970. Indore: 115, Starlit Tower, 1st Floor, 29/1, Y. N. Road, Indore - 452001, Madhya Pradesh. Tel: +91 (0731) 6452033/34. Jaipur: CG/2, Nehru Place, Tonk Road, Jaipur- 302015, Rajasthan. Tel: +91 (141) 6505302/303. Kolkata: ‘Chowringhee Court’, 55 & 55/1, Chowringhee Road, 3rd Floor, Room No. 24, Kolkata - 700 071. Tel: +91 (033) 65367818/65480465/464. Lucknow: Aryan BusinessPark, 1st Floor, 90 M. G. Marg, Lucknow - 226 001 [UP]. Tel: +91 (522) 6569687/688. Mumbai: 2nd Floor, 222, Kodak House, Dr. D. N. Road, Fort, Mumbai - 400 001. Tel: +91 (022) 66584350/4342/4305. New Delhi: B-502,504, 506, 5th Floor, Statesman House, Barakhamba Road, Counaught Place, New Delhi - 110 001. Tel: +91 (011) 41522647/2646. Pune: 105, 1st Floor, Above AUDI Showroom, Pro - 1 Business Centre, Senapati BapatRoad, Pune - 411016. Tel: +91 (020) 40068171. Vadodara: 135, Siddharth Complex, R.C. Dutt Road, Vadodara - 390 007. Tel: +91 (265) 3095446/6643918.

Deutsche Investor Services Pvt. Ltd.: Agra: Unit No.13/A, 1st Floor, Kailash Tower, Block No. E 16/8, Sanjay Place, Agra-282002. Tel.: 0562-6452474/75. Ahmedabad: M-Square Building, First Floor, Swastik Char Rasta,B/H City Centre, Opp Om Complex, Off CG Road, Ahmedabad-380009 Gujarat. Tel.: 079-65122591/92. Ajmer: Shop No.25, K.C.Complex, Opp. Subhash Udhyan, Ajmer-305001. Tel.: 0145-6451203/04. Allahabad: UGF-10,Vashisht Vinayak Tower, Tashkend Marg, Civil Lines, Allahabad, Uttar Pradesh-211001. Tel.: 0532-6453192/6452444. Amaravati: Shop No.5, 1st Floor, Gulshan Towers, Jaistamb Chowk, Near Pancsheel Theatre, Amravati-444601. Tel: 0721-6454001/02. Amritsar: Deutsche Investor Service, Front Portion, 2nd Floor, 77, Railway Link Road, Amritsar-143001. Tel.: 0183-6545801/02. Aurangabad: Alaknanda Complex, Shop no-4, Adalat Rd, Near Babapetrol pump, Aurangabad-431005. Tel.: 0240-6452028/29. Bangalore: 104, 1st Floor, Prestige Meridian 1 M G Road, Bangalore-560001, Karnataka. Tel.: 080-64522079/80. Bareilly: 320, Akash Floors, City Station Road, CivilLine, Bareilly-243001. Tel.: 0581-6453028/29. Belgaum: Deutsche Investor Service, Sri Sukh Sagar Shopping Complex, Ground Floor, CTS# 10618/1/2/3, Nehru Nagar, Belaguam-590010. Tel.: 0831-6452153/54. Bhavnagar: SterlingPoint, 2nd floor (220-221), Waghawadi Road, Bhavnagar-364002. Tel.: 0278-6452348/49. Bhilai: Shyam Shakuntala Complex, 209, Ground Floor, 2/4 Nehru Parisar, Nr Nehru Nagar Rail Crossing, Bhilai-490022. Tel.: 0788-6450183/87. Bhopal: SG-17, Vijay Stambh, M.P. Nagar, Zone I, Opp. Axis Bank, Bhopal-462011. Tel.: 0755-6459426/27. Bhubaneswar: Metro House, Shop No.5, A 410, Vanivihar, Bhubaneshwar-751004 Orissa. Tel.: 0674-6510351/52. Calicut: C 14-15, 2nd Floor, Sky Tower Shopping Mall, Municipal Corporation, Door No 5.3283, Situated at Bank Road Junction, Kozhikode, Calicut-673001. Tel.: 0495-6452208/09. Chandigarh: SCO 154-155, Sector 17C, 2nd Floor, Deepak Towers, Chandigarh, (U.T)-160017. Tel.: 0172-6530120/21. Chennai: Pasla Foreign Exchange Bldg, Next to Tata Motors,1st Floor, Door No.141, Anna Salai, Chennai-600002, Tamil Nadu. Tel.: 044-64507987/9823. Cochin: 3rd Floor, Block B, BAB Towers, Atlantis, M G Road, Ermakulam, Kochi-682015, Kerala. Tel.: 0484-6452185/86. Coimbatore: No. 424-E, 2nd Floor, Red Rose Towers, D B Road, R S Puram, Coimbatore-641002,Tamil Nadu. Tel.: 0422-6474354/55. Cuttack: 1st Floor, Brajraj Bhavan, Badambari Link Road, Opp New LIC Colony, Cuttack-753012, Orissa. Tel.: 0671-6510175/76. Dehradun: Shop No.25, Ground Floor, Radha Palace ShoppingComplex, 78 Rajput Road, Dehradun-248001, Uttarakhand. Tel.: 0135-6452753/54. Durgapur: 3rd Floor, City Residency, Near City Centre, Burdwan, Durgapur-713216. Tel.: 0343-6456635/36. Erode: No.849, N.S.T.V. Building,1st Floor, Opp Shivranji Hotel, Brough Road, Erode-638001. Tel.: 0424-6451834/35. Goa: Afran Plaza,1st Floor, Shop No. F1&F2, Near Don Bosco High school, M.G Road, Panjim, Goa-403001. Tel.: 0832-6511217/18. Gorakhpur:Room No 12, First Floor, Mangalam Tower, 13-A, Civil Lines, Golghar, Gorakhpur-273001. Tel.: 0551-6453019/24. Guntur: 2nd Floor, Aditya Complex, 6-19-35, 13th Main Road, Arundalpet, Guntur-522002, Andhra Pradesh.Tel: 0863-6452073/74. Gurgaon: Upper Ground Floor, Shop No 114, AKD Tower, Sector -14, Gurgoan, Haryana-122001. Tel.: 0124-6466545/46. Guwahati: Ganapati Enclave, Opposite Bora Service Station, G S Road, Ulubari,Guwahati-781007. Tel.: 0361-2460688. Gwalior: Ganapati Plaza, 1st Floor, City Centre, Gwalior-474011. Tel.: 0751-6451901/02. Hubli: Shop No. G-2, Ground Floor, Revankar Comfort Door No 450/1A, Desphande Nagar, Hubli-580030. Tel: 0836-6452062/63. Hyderabad: 6-3-1093/UG-3(A&B), Vintage Boulevard, Rajbhavan Road, Somajiguda, Hyderabad-500082. Tel.: 040-64551097/98. Indore: B3, Aru Plaza, 582 M.G Road, Opp HukumchandGhantaghar, Indore, M.P-452001. Tel: 0731-6563909/10. Jabalpur: 55, Chandrika Towers, Model Road, Near Shastri Bridge, Napier Town, Jabalpur-482002. Tel.: 0761-6541753/81. Jaipur: No.605, Plot No. 0-15, Ashok Marg,C-Scheme, Green House, Jaipur-302001. Tel: 0141-6451089/90. Jalandhar: Municipal No. B IX/2-2785-A/2, Rachana Chambers, Near BMC Chowk, Civil Lines, Jalandhar. (Punjab)-144001. Tel.: 0181-6535814/1043. Jamnagar:106, Madhav Complex, P. N. Marg, Opp. D.K.V. College, Jamnagar-361004. Tel.: 0288-6452063/64. Jamshedpur: Bharat Business Center, Ground Floor, Ram Mandir Area, Beside Mithiala Motors, Bistupur, Jamshedpur-831001, Bihar. Tel.: 0657-6450221/6510106. Jodhpur: Office No 209, 2nd Floor, Aadeshwar Tower, Chopasni Road, Jodhpur-342001. Tel.: 0291-6450296/302. Kanpur: Office No.216 & 217, 2nd Floor, Kan Chambers, 14/113, CivilLines, Kanpur-208001, Uttar Pradesh. Tel.: 0512-6451452/78. Kolhapur: Shop No.84, Gemstone Rao Bahadur Vichare Complex, 517/2, New Shahupuri Near S T Stand, Kolhapur-416001, Maharashtra. Tel.: 0231-6454001/02.Kolkata: Lords Building, 7/1, Lord Sinha Road, Block NO. GF/D, Ground Floor, Kolkata-700071. Tel.: 033-64600279/110. Kota: 2nd Floor, Mewara Plaza, 344, Shopping Center, Rawat Bhata, Guman Pura Road, Kota-324007.Tel.: 0744-2366857. Lucknow: SkyHi Chambers, F-1, 1st Floor, Park Road, Lucknow-226001, Uttar Pradesh. Tel.: 0522-6560854/928. Ludhiana: Forturn Chambers, S.C.O, 16-17, 4th Floor, Feroze Gandhi Market, Opp StockExchange, Ludhiana-141001. Tel.: 0161-6454801/02. Madurai: Plot No 10, Vishnu Plaza, Near P T R Bridge, Shop No 16, 2nd Floor, Vaigai Colony, 80ft Road, Annanna Nagar, Madurai-625020. Tel.: 0452-6464103/04. Mangalore:"Manasa", 2nd Floor, Kodialbali, M.G Road, Mangalore, Karnataka-575003. Tel.: 0824-6452067/68. Moradabad: Shop No 7, Sai Sadan Complex, Ground Floor, Jail Road, Moradabad-244001. Tel.: 0591-6452186/87. Mumbai:Prospect Chambers, G 02 B, D N Road, Fort, Mumbai-400001, Maharashtra. Tel.: 022-65990220/23. Borivali: Deutsche Investor Service, Patel Shopping Centre, Shop No.25, Ground Floor, Chandawarkar Lane, Borivali(W), Mumbai-400092. Tel.: 022-28917161. Ghatkopar: Deutsche Investor Service, 2-B Ground Floor, Kailash Plaza Building, Behind Raymond Showroom, Vallabh Baug Lane, Ghatkopar (East), Mumbai-400077. Tel.: 022-25127835. Mulund: Deutsche Investor Service, Office No. 111, Sai Arcade, N.S.B Road, Mulund West, Mumbai-400080. Tel.: 022-25922322. Mysore: Shop No7, Cellar, Mythri Arcade, Saraswathipuram, Mysore, Karnataka-570009. Tel.: 0821-6452013/14. Nagpur: Shop No.10, Prathiba Sankul, North Ambazari Road, Nagpur, Maharashtra-440010. Tel.: 071-26455660/61. Nasik: Suyojit Chambers, Ground Floor, G-2, Trumbak Naka, Near CBS, Nasik-422002. Tel.: 0253-6579008/09. Nellore: Shop No.1, Ravula Arcade Shopping Complex, GNT Road, Nellore-524001. Tel.: 0861-6456091. New Delhi: 910/911 A, 9th Floor, Narain Manzil, Barakamba Road, New Delhi-110001.Tel.: 011-64733117/18. Panipat: N K Towers, 2nd Floor, Near IB College, G.T Road, Panipat-132103. Tel.: 0180-4022408/3252707. Patiala: 2nd floor, 29, New Leela Bhawan, Patiala-147001. Tel.: 0175-6534809/10. Patna: Hari Niwas,Shop No.209, 2nd floor Dak Bungalow Road, Patna-800001. Tel.: 0612-6500161/62. Pune: Shop No.7, Ground Floor, Jalan Corner CTS No.538 & 539, Narayan Peth, N C Kelkar Marg, Pune-411030, Maharashtra. Tel.: 020-65009115/16. Rajhamundry: Deutsche Investor Service, 36-7-8, 1st Floor, SBI Complex, Stadium Road, Innespet, Rajamundry-533101. Tel.: 0883-6452088/89. Rajkot: L-1, Puja Commercial Complex, Harihar Chowk, Near GPO,Panchnath Plot, Rajkot-360001. Tel.: 0281-6451993/94. Ranchi: Shop No22, AC Market, G.E.L. Church Complex, Main Road, Ranchi-834001. Tel.: 0651-6457341. Rourkela: Triveni Complex, 2nd Floor, Madhusudan Marg, OppHotel Sukh Sagar, Rourkela-769001. Tel.: 0661-6510142/43. Salem: VII A, 2nd Floor, Divya Towers, Fort, Main Road, Shevapet, Salem-636001. Tel.: 0427-6455891/3347. Sambalpur: Quality Mansion, Ground Floor, Main Road,Nayapara, Gole Bazar, Sambalpur-768001, Orissa. Tel.: 0663-6510007/08. Siliguri: Gitanjali Complex, 209 Gr Floor, Sevoke Road, Siliguri-734001. Tel.: 0353-6502763. Surat: Shop No.G12, Ground Floor, Jolly Plaza, Opp AtwagatePolice Station, Atwagate, Surat-395001, Gujarat. Tel.: 0261-6452308/09. Trichy: Aravindh Plaza, 1st Floor, NO-2, Fort Station Road, Trichy-620002. Tel.: 0431-6450428. Trivandrum: 2nd Floor, Annas Arcade, TC 26/15(80), OppAG's Office, Spencer Junction, M G Road, Trivandrum-695001. Tel.: 0471-6450203/6451674. Udaipur: Deutsche Investor Service, 406, 3rd Floor, 4-D, Daulat Chambers, Sardarpura, Udaipur, Rajasthan-313001. Tel.: 0294-6452611. Vadodara: No.301, Gokulesh 2, R C Dutt Road, Alkapuri, Vadodara-390005 Gujarat. Tel.: 0265-6451103. Valsad: 303 K.B.Mall, Hallar Road, Valsad-396001. Tel.: 02632-650561/62. Varanasi: Kuber Chambers, 3rd Floor,Unit 16, Rath Yatra Crossing, Varanasi-221010. Tel.: 0542-6456312. Vijayawada: Door No. 39-1-80, Saptagiri Complex, 1st Floor, M G Road, Labbipet, Vijayawada-520010. Tel.: 0866-6461523. Vizag: Shop No.1, Ground Floor,Redname Regency, Dwarka Nagar, Vizag-530001, Andhra Pradesh. Tel.: 0891-6463818. Warangal: Shop No. C-40, 1st Floor, Green Square, Opposite Public Garden, Hanamkonda, Warrangal, Andhra Pradesh-506001. Tel.:0870-6451753.

Statutory Details : Deutsche Mutual Fund had been set up as a trust settled by Deutsche Asset Management (Asia) Ltd. (DeAM Asia) (liability restricted to Rs 1 lakh). The Sponsors ofDeutsche Mutual Fund are DeAM Asia and Deutsche India Holdings Pvt Ltd. The Trustee of the Mutual Fund is Deutsche Trustee Services (India) Private Limited and the InvestmentManager is Deutsche Asset Management (India) Private Limited. DWS Investments is the global mutual fund brand of Deutsche Asset Management. Standard Risk Factors : All mutual fundsand securities investments are subject to market risks, and there can be no assurance that the fund's objectives will be achieved. As with any investment in securities, the NAV of the Units issued under the Scheme can goup or down depending on various factors that may affect the values of the Scheme’s investments. Past performance of the Sponsor/AMC/Mutual Fund does not guarantee future performance of theschemes. The sponsor is not responsible or liable for any loss resulting from the operation of the schemes beyond the initial contribution of Rs. 1 lakh made by it towards setting up theFund. The names of Scheme do not in any manner indicate the quality of the Scheme, its future prospects or returns. The Schemes of Deutsche Mutual Fund are not guaranteed or assured returns Schemes.Please refer to the Combined Scheme Information Document and Statement of Additional Information for other details including scheme specific risk factors before investing.

$ ICRA: DWS Cash Opportunities Fund - Institutional Plan has been rated as a Five Star Fund in the category of ‘Ultra Short Term - Debt - IP’ Schemes for its 1 year performance till December 31, 2009.

The rank is an outcome of an objective and comparative analysis against various parameters, including: risk adjusted return, fund size, company concentration, portfolio turnover and liquidity.The ranking methodology did not take into account entry and exit loads imposed by the Fund. There were 21 schemes in the ‘Open-ended Ultra Short Term - Debt - IP category for its 1 yearperformance. The rank is neither a certificate of statutory compliance nor any guarantee on the future performance of DWS Cash Opportunities Fund - Institutional Plan. (Ranking Source & Publisher:ICRA Online Limited)

** Value Research Fund Rating: DWS Alpha Equity Fund (Regular Plan), DWS Short Maturity Fund (Regular Plan) and DWS Insta Cash Plus Fund (Institutional Plan and Super Institutional Plan) rated 4 star byValue Research on the basis of 3 years period and DWS Short Maturity Fund (Institutional Plan) rated 4 star by Value Research on basis of 18 months performance. Value Research Fund Ratings are a compositemeasure of historical risk-adjusted returns. In the case of debt funds this rating is based on the weighted average weekly returns for the last 18 months and 3-year periods and in case ofshort-term debt funds - weekly returns for the last 18 months. These ratings do not take into consideration any entry or exit load. Each category must have a minimum of 10 funds to berated effective July 2008, an additional qualifying criteria has been considered whereby a fund with less than Rs. 5 crores if average AUM in the past 6 months will not be eligible for rating.

Five-stars indicate that a fund is in the top 10 per cent of its category in terms of historical risk-adjusted returns. Four stars indicate that a fund is in the next 22.5 per cent of its category,the next 35% receive three stars, the next 22.5% receive two stars and the bottom 10% receive one star. The number of schemes in each category is mentioned alongside the categoriesname: Equity: Large Cap (32), Debt: Short Term (22) and Debt: Liquid (96) respectively. These fund ratings are as on 31st October, 2010.

The Value Research Ratings are published in Monthly Mutual Fund Performance Report and Mutual Fund Insight. The Ratings are subject to change every month. The Rating is based onprimary data provided by respective funds, Value Research does not guarantee the accuracy. (Ranking Source & Publisher: Value Research Online)

$$ Morning Star Ratings: DWS Cash Opportunities Fund (Regular Plan - Growth) rated 5 Star and DWS Alpha Equity Fund (Regular Plan - Growth), DWS Ultra Short Term Fund(Regular Plan - Growth), DWS Short Maturity Fund (Regular Plan - Growth) and DWS Insta Cash Plus Fund (Regular Plan - Growth) rated 4 Star on a 3 year period. The Morningstar fundrating methodology is based on a fund's risk-adjusted return within a given Morningstar category. Morningstar ratings are calculated every month for the 3 year, 5 year and 10 year period.Within each rating period, the top 10% funds receive a five star rating, the next 22.5% earn a four star rating, the next 35% get three stars, the next 22.5% receive two stars, and thebottom 10% get one star. Loads are not considered for the rating purpose. The number of schemes in each category which completed 3 years of performance was considered for ratingand is mentioned alongside the respective category's name: Large Cap (113), Short Term Bond (30) and Ultra Short Bond (33). The rating is based on NAV provided by respective funds.The current fund rating is for the 3 year period as of October 31, 2010. Morningstar does not guarantee accuracy of the data. (Rating Source & Publisher: Morningstar.)

dws investments pulse fund/mf-fundfact-sheet/dws.pdf · 2010. 11. 10. · portfolio of equity and...

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