Smart investments? DWS Investments.

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1 DWS Investments Pulse Fund Fact Sheet, February 2009 DWS MONEY PLUS ADVANTAGE FUND Awarded ' 7Gold Award' by ICRA December 2008 Smart investments? DWS Investments. DWS ALPHA EQUITY FUND DWS INVESTMENT OPPORTUNITY FUND DWS INSTA CASH PLUS FUND Rated by Value Research** Rated by Value Research** Rated 4 by ICRA DWS MONEY PLUS ADVANTAGE FUND DWS CREDIT OPPORTUNITIES CASH FUND DWS INSTA CASH PLUS FUND Rated 7by ICRA Rated 4 by ICRA Rated by Value Research** Visit us at dws.mutual@db.com Contact: (022) Past performance is no guarantee of future results. **For risk factors, ranking methodology and disclaimer please refer to page no. 15

2 Market Review Equity The market that was The month of February saw the Nifty declining by around 3.9%. The BSE Smallcap and Midcap indices fell by more than 6% during the month. US markets were weak during February as investors waited for some specific proposals in the various bail-out plans announced by the government. The uncertainty led to negative sentiments in markets across the globe. Locally, the government announced some proposals to spur demand. These proposals mainly included reduction in indirect taxes. GDP growth for the quarter ending December came in at 5.3%. FIIs continued to be net sellers and sold around USD 600 Mn for the month. Mutual funds were net sellers of around USD 310 Mn for the month. The rupee weakened sharply and fell by more than 4% against the dollar. Most Asian currencies have weakened during the month. Financials declined significantly during the month and was the worst performing sector. Telecom, IT services were other underperforming sectors. Consumer Staples and energy stocks outperformed during the month. Fund Manager's view Globally, the uncertainty in financial markets continues. While the US government has come out with a large and comprehensive package in a very short period of time, investors are looking at specific issues like bank nationalization, separation of NPAs etc. This uncertainty coupled with weak growth data in major economies is leading to decline in equities. In the immediate term, volatility is likely to continue and Indian markets are most likely to mirror global movements. The announcement of Lok Sabha election dates adds to some amount of near term uncertainty. However, any indication of a stable coalition government could lead to a large improvement in sentiments. Similarly, any clarity that emerges on specific measures that global markets are seeking in the US bailout plan, could lead to stability in the markets. Hence, rather than a steady southward journey, we could possibly see range bound markets. While slower GDP growth in FY10 leads to the possibility of earnings declines in many sectors, the level of valuations seem to factor slower growth to quite an extent. We advise investing in the current declines with a medium to long term view. Debt Fixed Income Market Feb-09 Jan-09 Dec-08 Y-o-Y Change 10 yr GOI yield 6.02% 6.25% 5.26% 0.76% 1 yr CD 6.90% 7.25% 8.30% -1.40% Overnight rate (NSE MIBOR) 4.10% 4.25% 5.27% -1.17% WPI 3.36% 5.64% 6.38% -3.02% INR/USD Excess Liquidity Yr AAA spread US 10 Yr yield 3.02% 2.84% 2.21% 0.81% Source: RBI WSS & Bloomberg After a period of aggressive rate cuts in the previous three, the February month was devoid of any action from RBI. RBI seems keen that the commercial banks pass on the benefit of previous rate cuts to customers, before it delivers more rate action from its end. The government announced the third stimulus package, albeit outside the interim budget, wherein it cut excise duty and service tax rates. Liquidity continued to remain ample, as is evident from continuous increase in the amount under reverse repo over the past few. This is on account of increased government expenditure and buy back of Market Stabilisation Bonds (MSS) and government securities by RBI, through the open market operations (OMO) window. Ample liquidity in the money markets kept the investor interest high in short dated papers, with yields on the money market instruments dropping by bps. The government's announcement of extra borrowing for the current fiscal, coupled with the much larger than expected borrowing for fiscal , kept the bond markets under pressure. The announcement of buy back of securities by RBI brought some relief to the market, and the yields were down on month-on-month basis. Corporate bonds have outperformed gilts in the downturn, with a compression of spread over the sovereign benchmark. Within the corporate bond space, the short dated papers have out-performed the longer dated counterparts, as investor focused on the short end of the curve in light of flush liquidity conditions. Inflation continued to plunge rapidly, with the WPI (Wholesale Price Index) declining to 3.36% for the week ended 14th February 2009, a 15 month low. The WPI inflation is expected to continue to drop on account of collapse in commodity prices and high base effect. The Foreign exchange reserves continued to be stable. The foreign exchange reserves were USD billion as of Feb 20, 2009 as compared to USD billion as of Jan 23, Global Backdrop The global economic data continued to be on the downside despite unprecedented actions taken by governments and Central banks across the globe in the past few. The new bail out plan announced by President Obama failed to cheer the markets. German business confidence tumbled to an 18 low, and the Japan economy shrank at an annual rate of 12.7% in 4Q2008 (worst since 1974), hit by an unprecedented slump in exports. Australian Central Bank cut its key policy rate to 3.25%, the lowest in 45, while the Bank of England cut its rate to 1% (lowest since the bank was founded in 1694) as the world prepared for a much deeper recession then expected. Outlook In the backdrop of worsening recessionary conditions across the globe, the local economy continued to deteriorate. The GDP growth for 3QFY09 slowed down to a dismal 5.3%, the slowest since The main draggers were agriculture output (which contracted by 2.2%) and manufacturing output (which contracted by 0.2%). The Index for Industrial Production (IIP) number again printed negative in December 08 (after showing negative growth of -0.3% in October 08), going down by -0.2% and the November IIP was revised to 1.7% (from 2.4%). Exports dropped for the fourth consecutive month in January 09, sliding 16% (Y0Y), as recession in the key markets - US and the EU, continued to depress demand. Inflation has fallen to a 15 month low and is expected to continue its downtrend. While the extra government borrowings have put pressure on the markets, RBI has actively supported the market through its open market operations (OMO). With the economic slowing down, RBI is expected to continue to cut rates and also actively buy back bond through its OMO window. This is likely to give boost to the bond market sentiments. In the medium term we are bullish on bonds, and will manage our portfolios actively to take advantage of the yield movements. Portfolio Actions During the month, we have generally maintained the portfolio maturity similar to the previous month. specific investment objectives and 2

3 Rated by Value Research** DWS Alpha Equity Fund PORTFOLIO ( Top Ten Holdings) Issuer Market Value % to Net Consumer Non Durables I T C Hindustan Unilever Dabur India Telecom - Services Bharti Airtel Oil Cairn India Oil and Natural Gas Corporation Banks State Bank of India HDFC Bank Power NTPC Tata Power Co Petroleum Products Reliance Industries Industrial Products Jain Irrigation Systems Sintex Industries Finance Power Finance Corporation Industrial Capital Goods Bharat Heavy Electricals Ferrous Metals Tata Steel Diversified Larsen and Toubro Gas GAIL India Deep Industries Pharmaceutical Sun Pharmaceutical Industries Cement Grasim Industries Fertilisers Tata Chemicals Money Market, Cash & Current Assets Total Net Asset RETURNS (%) THROUGH SIP ROUTE Date of SIP (Monthly SIP): 7th of every month SIP Amount: Rs. 1000/- Investment Period Total Value of investment IRR on IRR on Investment as on Feb. 27, 2009 investment (%) (%) (12 ) 12,000 9, (36 ) 36,000 28, Last 5 (60 ) 60,000 68, (73 ) 73, , All the above returns are CAGR. in future. 24-Jan Sep Jan Dec Jan Post Dividend per unit will fall to the extent Last 5 Date of : 21st January, 2003 Returns for less than 1 period are absolute and those for greater than or equal to 1 Performance calculated on growth option. inception returns are calculated on Rs.10/- Option for Investment: Dividend (Payout/ Reinvestment) & Growth. Minimum Investment: Rs. 5000/- and in multiples of Re. 1/- thereafter. Additional Investment: Rs. 1000/- and in multiples of Re. 1/- thereafter. Minimum Repurchase Amount: Rs. 1000/- and in multiples of Re. 1/- thereafter. Entry Load: For purchase/switchin less than Rs. 5 cr.: 2.25%. For purchase/switchin of Rs. 5 cr. and above: Nil. For Fund of Funds (FOF) Scheme: Nil. Exit Load: For each purchase/switchin less than Rs. 5 cr.: 1%, if exited within 12 ; Nil, if exited after 12 from the allotment date. For each purchase/switchin of Rs. 5 cr. and above: 0.5%, if exited within 6 and Nil, if exited after 6 from the allotment date. For Fund of Funds (FOF) Scheme: Nil. Investment through SIP: Minimum of 6 cheques of Rs. 1000/- each or 12 cheques of Rs. 500/- each or 4 cheques of Rs. 1500/- each. Entry Load for SIP: For each installment less than Rs. 5 cr. 2.25%, For each installment of Rs. 5 cr. and above: Nil. Exit Load for SIP: For each installment less than Rs. 5 cr.: 1%, if exited within 6 ; 0.5%, if exited after 6 but within 12 ; Nil, if exited after 12 from the allotment date. For each installment of Rs. 5 cr. and above: 0.5%, if exited within 6 and Nil, if exited after 6 from the allotment date. An open-ended equity scheme with the objective to generate long-term capital growth from investment in a diversified portfolio of equity and equity related securities. Increased weightage in Consumer Non-Durables, Power and Gas. Reduced weightage in Banks, Finance, Capital Goods, Autos, Software and Minerals. : NSE Nifty Date: 21st January, 2003 Aniket Inamdar Asset Under Management (AUM) : : Dividend Option Rs Growth Option Rs % Portfolio Turnover: 1.11 Volatility Measures (3 Years): Standard Deviation 9.38% R-Squared 0.90 Beta 1.00 Sharpe Ratio *** *** Risk Free Rate assumed to be 4.55% (based on 3-month T-Bill rate during last 3 ) **Ranking Methodology on page no. 15 3

4 Rated by Value Research** DWS Investment Opportunity Fund An open-ended dynamic allocation scheme with the objective to generate capital appreciation on the portfolio over a long term by actively investing in different asset classes as per market conditions. Increased weightage in Power and Gas. Reduced weightage in Banks, Capital Goods, Auto and Software. : BSE 200 Index Date: 29th January, 2004 Aniket Inamdar : Dividend Option Rs Growth Option Rs % Portfolio Turnover: 0.87 Volatility Measures (3 Years): Standard Deviation 9.95% R-Squared 0.95 Beta 1.03 Sharpe Ratio *** *** Risk Free Rate assumed to be 4.55% (based on 3-month T-Bill rate during last 3 ) 4 **Ranking Methodology on page no. 15 PORTFOLIO ( Top Ten Holdings) Issuer Market Value % to Net Consumer Non Durables I T C Hindustan Unilever Dabur India Eveready Industries India Telecom - Services Bharti Airtel Oil Oil and Natural Gas Corporation Cairn India Finance Power Finance Corporation Housing Development Finance Corporation Petroleum Products Reliance Industries Industrial Capital Goods Bharat Heavy Electricals Texmaco Genus Power Infrastructure Banks State Bank of India HDFC Bank Power NTPC Tata Power Co Industrial Products Jain Irrigation Systems Sintex Industries Ferrous Metals Tata Steel Kalyani Steels Diversified Larsen and Toubro Gas GAIL India Deep Industries Pharmaceuticals Dishman Pharmaceuticals and Chemicals Minerals/Mining Gujarat NRE Coke TRF Cement Grasim Industries Transportation The Great Eastern Shipping Co Fertilisers Tata Chemicals Consumer Durables Voltas Money Market, Cash & Current Assets Total Net Asset RETURNS (%) THROUGH SIP ROUTE Date of SIP (Monthly SIP): 7th of every month SIP Amount: Rs. 1000/- Investment Period Total Value of investment IRR on IRR on Investment as on Feb. 27, 2009 investment (%) (%) (12 ) 12,000 8, (36 ) 36,000 27, (59 ) 59,000 66, All the above returns are CAGR. in future. 18-Feb Feb Post Dividend per unit will fall to the extent Last 5 Date of : 29th January, 2004 Returns for less than 1 period are absolute and those for greater than or equal to 1 Performance calculated on growth option. inception returns are calculated on Rs.10/- Option for Investment: Dividend (Payout/ Reinvestment) & Growth. Minimum Investment: Rs. 5000/- and in multiples of Re. 1/- thereafter. Additional Investment: Rs. 1000/- and in multiples of Re. 1/- thereafter. Minimum Repurchase Amount: Rs. 1000/- and in multiples of Re. 1/- thereafter. Entry Load: For purchase/switchin less than Rs. 5 cr.: 2.25%. For purchase/switchin of Rs. 5 cr. and above: Nil. For Fund of Funds (FOF) Scheme: Nil. Exit Load: For each purchase/switchin less than Rs. 5 cr.: 1%, if exited within 12 ; Nil, if exited after 12 from the allotment date. For each purchase/switchin of Rs. 5 cr. and above: 0.5%, if exited within 6 and Nil, if exited after 6 from the allotment date. For Fund of Funds (FOF) Scheme: Nil. Investment through SIP: Minimum of 6 cheques of Rs. 1000/- each or 12 cheques of Rs. 500/- each or 4 cheques of Rs. 1500/- each. Entry Load for SIP: For each installment less than Rs. 5 cr. 2.25%, For each installment of Rs. 5 cr. and above: Nil. Exit Load for SIP: For each installment less than Rs. 5 cr.: 1%, if exited within 6 ; 0.5%, if exited after 6 but within 12 ; Nil, if exited after 12 from the allotment date. For each installment of Rs. 5 cr. and above: 0.5%, if exited within 6 and Nil, if exited after 6 from the allotment date.

5 DWS Tax Saving Fund PORTFOLIO ( Top Ten Holdings) Issuer Market Value % to Net Consumer Non Durables I T C Hindustan Unilever Dabur India Eveready Industries India Oil Oil and Natural Gas Corporation Cairn India Telecom - Services Bharti Airtel Finance Power Finance Corporation Housing Development Finance Corporation Petroleum Products Reliance Industries Banks State Bank of India HDFC Bank Power NTPC Tata Power Co Industrial Capital Goods Bharat Heavy Electricals Genus Power Infrastructure Industrial Products Jain Irrigation Systems Sintex Industries Ferrous Metals Tata Steel Kalyani Steels Gas GAIL India Deep Industries Diversified Larsen and Toubro Pharmaceuticals Dishman Pharmaceuticals and Chemicals Transportation The Great Eastern Shipping Co Cement Grasim Industries Fertilisers Tata Chemicals Minerals/Mining Gujarat NRE Coke Consumer Durables Voltas Cash & Current Assets Total Net Asset RETURNS (%) THROUGH SIP ROUTE Date of SIP (Monthly SIP): 7th of every month SIP Amount: Rs. 1000/- Investment Period Total Value of investment IRR on IRR on Investment as on Feb. 27, 2009 investment (%) (%) (12 ) 12,000 8, (35 ) 35,000 23, All the above returns are CAGR. in future. 31-Jan Post Dividend per unit will fall to the extent Date of : 20th March, 2006 Returns for less than 1 period are absolute and those for greater than or equal to 1 Performance calculated on growth option. inception returns are calculated on Rs.10/- Option for Investment: Dividend (Payout/ Reinvestment) & Growth. Minimum Investment Amount: Rs. 500/- and in multiples of Rs. 500/- thereafter. Additional Investment: Rs. 500/- and in multiples of Rs. 500/- thereafter. Minimum Repurchase Amount: Subject to the lock-in period minimum Rs. 500/- and in multiples of Rs. 500/- thereafter. Entry Load: For purchase/ switchin less than Rs. 2 cr.: 2.25%. For purchase/switchin of Rs. 2 cr. and above: Nil. For Fund of Funds (FOF) Scheme: Nil. Exit Load: Nil. Investment through SIP: Minimum amount Rs. 500/- and in multiples of Rs. 500/-. Entry Load for SIP: 2.25%. Exit Load for SIP: Nil. An open-ended equity linked saving scheme with the objective to generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments. Increased weightage in Power and Gas. Reduced weightage in Banks, Capital Goods, Auto and Software. : S&P CNX 500 Date: 20th March, 2006 Aniket Inamdar Benefits: Tax benefit u/s 80C of the Income Tax Act 1961 with a 3- lock-in period. Free Life insurance cover advantage The scheme offers Life insurance cover of 5 times of investment in the scheme subject to a minimum of Rs. 10,000/- and maximum of Rs. 500,000/-. This is available to resident individual investors who have completed 18 of age and are not over 45 of age, as on the date of allotment of units. The insurance cover is valid till the unitholder attains the age of 60 or redeems the investment from the scheme, whichever is earlier. Only the first / Sole unitholder will be covered under the insurance scheme. Conditions Apply : Dividend Option Rs Growth Option Rs (Including initial issue expense) 2.50% Unamortised Initial Issue Expense: Rs. 250, Portfolio Turnover: 0.92 Volatility Measures (1 Year): Standard Deviation 10.53% R-Squared 0.97 Beta 0.93 Sharpe Ratio *** *** Risk Free Rate assumed to be 4.55% (based on 3-month T-Bill rate during last 3 ) 5

6 DWS Gilt Fund An open-ended gilt scheme with the objective to generate reasonable returns by investing in Central/State Government securities of various maturities. We have decreased average maturity of the fund from the last month. : I-Sec Sovereign Bond Index Date: 27th October, 2008 Nitish Gupta 13 PORTFOLIO ( Top Ten Holdings) GOI Securities % Govt. Stock SOVEREIGN 7.95% Govt. Stock SOVEREIGN 6.83% Govt.Stock SOVEREIGN 8.35% Govt. Stock SOVEREIGN 8.33% Govt.Stock SOVEREIGN 6.65% State Govt.Stock SOVEREIGN Reverse Repos Cash & Current Assets Total Net Asset GOI Securities Monthly Dividend 26-Dec Monthly Dividend Institutional Plan 26-Dec Post Dividend per unit will fall to the extent : Regular Dividend Option Rs Regular Growth Option Rs Institutional Dividend Option Rs Institutional Growth Option Rs Reverse Repos Cash & Current Assets month Date of : 27th October, Institutional Plan % Institutional Plan 1.51% 16 Yrs 7.57 Yrs SIP FACILITY AVAILABLE month Date of : 27th October, 2008 Date of allotment has been considered as date of Returns for less than 1 period are absolute and those for greater than or equal to 1 Performance calculated on growth option. inception returns are calculated on Rs.10/- Option for Investment: Dividend (Payout and Reinvestment) and Growth. Minimum Investment: : Rs. 5,000/- and in multiples of Re. 1/- thereafter. Institutional Plan: Rs. 50 lakhs and in multiples of Re. 1/- thereafter. Additional Investment: : Rs. 1,000/- and in multiples of Re. 1/- thereafter. Institutional Plan: Rs. 1 lakh and in multiples of Re. 1/- thereafter. Minimum Repurchase Amount: : Rs. 1,000/- and in multiples of Re. 1/- thereafter. Institutional Plan: Rs. 1 lakh and in multiples of Re. 1/- thereafter. Entry Load: Nil. Exit Load: Retail Plan: 1% if exited within 1 from allotment of units. Institutional Plan: Nil. Investment through SIP: Minimum of 6 cheques of Rs. 1000/- each or 12 cheques of Rs. 500/- each or 4 cheques of Rs. 1500/- each. Entry Load for SIP: Nil. Exit Load for SIP: Retail Plan: 1% if exited within 12 from allotment of units. Institutional Plan: Nil. 6

7 PORTFOLIO ( Top Ten Holdings) GOI Securities % Govt. Stock SOVEREIGN 7.95% Govt. Stock SOVEREIGN 7.46% Govt. Stock SOVEREIGN 6.83% Govt.Stock SOVEREIGN 6.05% Govt.Stock SOVEREIGN Rated AAAf by CRISIL DWS Premier Bond Fund 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 payments to investors. The rating is also not an opinion on the stability of the of the fund, which could vary with market developments. PSU Bonds Rural Electrification Corporation AAA Indian Railway Finance Corporation AAA Power Finance Corporation AAA Export Import Bank of India AAA State Bank of India AAA NABARD AAA Corporate Debt L & T Ltd AAA Reliance Gas Transportation Infrastructure AAA Money Market Instruments Allahabad Bank P1+ Reverse Repos Cash & Current Assets Total Net Asset Money Market Instruments GOI Securities PSU Bonds Reverse Repos Corporate Debt Cash & Current Assets Monthly Dividend 31-Dec Jan Feb Quarterly Dividend 31-Mar Jun Dec Annual Dividend 31-Mar Mar Mar Monthly Dividend Institutional Plan 31-Dec Post Dividend per unit will fall to the extent Date of : 21st January, 2003 Institutional Plan Date of : 12th December, 2008 Returns for less than 1 period are absolute and those for greater than or equal to 1 Performance calculated on growth option. inception returns are calculated on Rs.10/- Option for Investment: Dividend (Monthly, Quarterly and Annual Payout/Reinvestment) & Growth. Minimum Investment: : Rs. 5000/- and in multiples of Re. 1/- thereafter. Institutional Plan: Rs. 50 Lakhs and in multiples of Re. 1/- thereafter. Auto Sweep Plan: Rs. 1 Lakh and in multiples of Re. 1/- thereafter. Additional Investment:, Institutional Plan and Auto Sweep Plan: Rs. 1000/- and in multiples of Re. 1/- thereafter. Minimum Repurchase Amount:, Institutional Plan and Auto Sweep Plan: Rs. 1000/- and in multiples of Re. 1/- thereafter. Entry Load: Nil. Exit Load: : 1% if the investor redeemed /switched out within 1. Institutional Plan: Nil. Auto Sweep Plan: 3% if redeemed before 12. No exit load for sweep into equity funds. Investment through SIP: Minimum of 6 cheques of Rs. 1000/- each or 12 cheques of Rs. 500/- each or 4 cheques of Rs. 1500/- each. Entry Load for SIP: Nil. Exit Load for SIP: Nil month Last An open-ended debt scheme with the objective to provide regular income by investing in debt securities including bonds and money market instruments. We have increased PSU Bonds during the month. : CRISIL Composite Bond Fund Index Date: : 21st January, 2003 Institutional Plan: 11th December, 2008 Auto Sweep Plan: 9th February, 2009 Nitish Gupta : Regular Annual Dividend Option Rs Regular Quarterly Dividend Option Rs Regular Monthly Dividend Option Rs Regular Auto Sweep Plan Rs Regular Growth Option Rs Institutional Quarterly Dividend Option Rs Institutional Monthly Dividend Option Rs Institutional Growth Option Rs % Institutional Plan 1.77% Auto Sweep Plan 2.25% Yrs 6.87 Yrs SIP FACILITY AVAILABLE 7

8 DWS Short Maturity Fund An open-ended debt scheme with the objective to generate steady returns with low volatility by investing in shortmedium term debt and money market securities. We have maintained average maturity during the month. : CRISIL Short Term Bond Fund Index Date: : 21st January, 2003 Institutional Plan: 11th December, 2008 Nitish Gupta 13 PORTFOLIO ( Top Ten Holdings) GOI Securities % State Govt.Stock SOVEREIGN PSU Bonds Indian Oil Corporation LAAA Indian Railway Finance Corporation AAA Rural Electrification Corporation AAA Corporate Debt Trent AA Tata Sons AAA Money Market Instruments Allahabad Bank P1+ Ericsson India A1+ Bank of Baroda P1+ AXIS Bank P1+ ICICI Bank A1+ Reverse Repos Cash & Current Assets Total Net Asset Monthly Dividend 26-Dec Jan Feb Post Dividend per unit will fall to the extent : Regular Dividend Option- Monthly Rs Regular Dividend Option- Weekly Rs Regular Growth Option Rs Institutional Dividend Option- Monthly Rs Institutional Dividend Option- Weekly Rs Institutional Growth Option Rs % Institutional Plan 0.91% 2.73 Yrs 1.91 Yrs 1 Majority owned by Tata Group Money Market Instruments PSU Bonds Cash & Current Assets Reverse Repos 9.84 Corporate Debt 7.37 GOI Securities 4.76 AA/P Date of : 21st January, 2003 Institutional Plan month Last Date of : 19th December, 2008 Returns for less than 1 period are absolute and those for greater than or equal to 1 Performance calculated on growth option. inception returns are calculated on Rs.10/- SIP FACILITY NOT AVAILABLE Option for Investment: Dividend (Weekly Reinvestment & Monthly Payout/Reinvestment) & Growth. Minimum Investment: : Rs. 5000/- and in multiples of Re. 1/- thereafter. Institutional Plan: Rs. 50 lakhs and in multiples of Re. 1/- thereafter. Additional Investment: and Institutional Plan: Rs. 1000/- and in multiples of Re. 1/- thereafter. Minimum Repurchase Amount: and Institutional Plan: Rs. 1000/- and in multiples of Re. 1/- thereafter. Entry Load: Nil. Exit Load: Regualr Plan: 0.5% if the investor redeemed/switched out within 3. Institutional Plan: Nil. 8

9 Rated by Value Research for ** Rated by Value Research for Institutional Plan** DWS Insta Cash Plus 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 payments to investors. The rating is also not an opinion on the stability of the of the fund, which could vary with market developments. PORTFOLIO ( Top Ten Holdings) Money Market Instruments IDBI Bank A1+ AXIS Bank P1+ ICICI Bank A1+ ING Vysya Bank P1+ ICICI Bank PR1+ Oriental Bank of Commerce P1+ Jammu & Kashmir Bank P1+ Vijaya Bank PR1+ Bank of Maharashtra A1+ Andhra Bank PR1+ Federal Bank P1+ Ericsson India A1+ Development Credit Bank P1 Allahabad Bank P1+ State Bank of Indore P1+ Reliance Capital A1+ Alembic P1+ IL & FS F1+ YES Bank A1+ Dena Bank F1+ IL & FS PR1+ Karur Vysya Bank A1+ ABN AMRO Bank A1+ State Bank of Bikaner & Jaipur P1+ IL & FS Financial Services P1+ Andhra Bank P1+ Union Bank of India A1+ Fullerton India Credit Company A1+ JM Financial Products P1+ Vijaya Bank P1+ IndusInd Bank P1+ Punjab National Bank P1+ Punjab National Bank F1+ IDBI Bank P1+ ICICI Bank P1+ Andhra Bank F1+ Corporate Debt BVL Trust Series II Bharti Venture Principal PTC A1+(SO) IBH Series A1 Emami PTC AA+(SO) IL & FS PR1+ IIEF Trust Series A2 SREI Equipment Finance PTC LAAA(SO) LIC Housing Finance AAA Indian Retail ABS Trust 85 Series A2 - ICICI Bank PTC AAA(SO) SREI Infrastructure Finance AA Investment Vehicle Series A3-ICICI Bank PTC AAA(SO) R B Loan Trust Series 24 -Series A2 Bennett & Coleman PTC P1+(SO) RB Trust 27 Series A2 Bharat Petroleum PTC P1+(SO) Citi Financial Consumer Finance India AA+ Kesoram Industries PR1+ Indian Corporate Loan Sec Trust 39 Series A4 Bharat Petroleum PTC F1+(SO) Citicorp Finance India AA+ ITGTL Loan Trust Series A Geetanjali Trading PTC P1(SO) Shriram Transport Finance Co AA ICICI Bank AAA Cholamandalam DBS Finance LAA AXIS Bank AA+ IL & FS AAA Housing Development Finance Corporation AAA CLSS 22 Trust Series A SREI Equipment Finance PTC F1+(SO) RB Loan Trust Series 23 A3 Bennett Coleman PTC P1+(SO) RB Trust 27 Series A1 Bharat Petroleum PTC P1+(SO) Indian Retail ABS Series 85 A1B ICICI Bank PTC AAA(SO) Small Operator Trust Series A3 IL&FS PTC AAA(SO) GE Money Financial Services AAA Shriram Transport Finance Company AA CAT Series LV A2 (PO) Vodafone Essar PTC F1+(SO) BVL Trust Series II Bharti Venture Interest PTC LAAA(SO) Kotak Mahindra Prime LAA IL&FS Trust Series A1(IO) Vodafone Essar PTC F1+(SO) December, 2008 Rated 4 by ICRA Monthly Dividend 31-Dec Jan Feb Post Dividend per unit will fall to the extent Date of for : 21st January, Institutional Plan Date of for Institutional Plan: 25th June, Super Institutional Plan Rated AAAf by CRISIL Last 7 days 5 days month Last 7 days 5 days month Last Last 7 days 5 days month Date of for Super Institutional Plan: 5th September, Returns for less than 1 period are absolute and those for greater than or equal to 1 in future and should not be used as a basis of Performance calculated on growth option. inception returns are calculated on Rs.10/- An open-ended liquid Income fund with the objective to generate steady returns along with high liquidity by investing in a portfolio of short-term, high quality money market and debt instruments. The fund has been maintaining the judicious mix of fixed and floating rate securities to deliver consistent market related returns. : CRISIL Liquid Fund Index Date: : 21st January, 2003 Institutional Plan: 25th June, 2004 Super Institutional Plan: 4th Sept., 2007 Dwijendra Srivastava : Daily Dividend Option Rs Regular Dividend Option Rs Regular Weekly Bonus Option Rs Regular Growth Option Rs Institutional Monthly Dividend Option Rs Institutional Weekly Dividend Option Rs Institutional Daily Dividend Option Rs Institutional Growth Option Rs Super Institutional Weekly Dividend Option Rs Super Institutional Daily Dividend Option Rs Super Institutional Growth Option Rs Weekly Dividend Option Rs % Institutional Plan 0.76% Super Institutional Plan 0.71% **Ranking Methodology on page no. 15 9

10 DWS Insta Cash Plus Fund (Cont...) 0.21 Yrs 0.2 Yrs SIP FACILITY NOT AVAILABLE PORTFOLIO ( Top Ten Holdings) Cash Equivalents Chambal Fertilisers & Chemicals P1+ Global Trade Finance A1+ Mahindra and Mahindra Financial Services P1+ Jindal Saw PR1+ Century Textiles & Industries F1+ DIC India P1+ Reliance Capital A1+ Reverse Repos PSU Bonds Indian Railway Finance Corporation AAA Export Import Bank of India AAA IDBI Bank AA+ Cash & Current Assets Total Net Asset Money Market Instruments Corporate Debt Cash & Current Assets Cash Equivalents Reverse Repos 7.41 PSU Bonds 1.87 AA/P Unconditionally guaranteed by ABN AMRO N.V. 2 Holding Company of Asian Paints Promoters Dani Family Options for Investment: Dividend (Daily & Weekly Reinvestment, Regular Dividend Payout/Reinvestment), Growth & Bonus (Weekly and Monthly). Minimum Investment: : Rs /- and in multiples of Re. 1/- thereafter. Institutional Plan: Rs. 1 crore and in multiples of Re. 1/- thereafter. Super Institutional Plan: Rs. 10 crores and in multiples of Re. 1/- thereafter. Additional Investment: : Rs. 1000/- and in multiples of Re. 1/- thereafter. Institutional Plan: Rs. 1000/- and in multiples of Re. 1/- thereafter. Super Institutional Plan: Rs. 1000/- and in multiples of Re. 1/- thereafter. Minimum Repurchase Amount: : Rs. 1000/- and in multiples of Re. 1/- thereafter. Institutional Plan: Rs /- and in multiples of Re. 1/- thereafter. Super Institutional Plan: Rs /- and in multiples of Re. 1/- thereafter. Entry Load: Nil. Exit Load: Nil. An open-ended debt scheme with the objective to provide liquidity and generate stable returns by investing in a mix of short term debt and money market instruments. The fund has been maintaining the judicious mix of fixed and floating rate securities to deliver consistent market related returns. : CRISIL Liquid Fund Index Ranking Methodology on page no. 15 DWS Ultra Short Term Fund* The assigned rating AAAf is valid only 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 to investors. The rating is also not an opinion on the stability of the of the fund, which could vary with market developments. PORTFOLIO ( Top Ten Holdings) Money Market Instruments Jammu & Kashmir Bank P1+ ICICI Bank A1+ ABN AMRO Bank A1+ Union Bank of India A1+ State Bank of Hyderabad P1+ GE Capital Services India P1+ State Bank of Mysore P1+ Punjab National Bank F1+ Reliance Securities A1+ (SO) Vijaya Bank PR1+ State Bank of Indore P1+ Ericsson India A1+ Allahabad Bank P1+ Karnataka Bank A1+ ING Vysya Bank P1+ Karur Vysya Bank A1+ Sundaram Finance P1+ Fortis Health Care A1+ Tata Motors A1+ YES Bank A1+ Bank of Maharashtra A1+ AXIS Bank P1+ Telco Construction Equipment Company A1+ Infrastructure Development Finance Co P1+ Monthly Dividend 31-Dec Jan Feb Post Dividend per unit will fall to the extent Date of : 21st October, Rated AAAf by CRISIL Last 5 10

11 DWS Ultra Short Term Fund* (Cont...) PORTFOLIO ( Top Ten Holdings) IDBI Bank P1+ Oriental Bank of Commerce P1+ Federal Bank P1+ Marico P1+ ICICI Home Finance P1+ IL & FS F1+ Corporation Bank P1+ Development Credit Bank P1 Redington India P1+ Andhra Bank P1+ YES Bank P1+ Export Import Bank of India P1+ Tata Capital A1+ Fullerton India Credit Company A1+ Reliance Capital A1+ Corporate Debt R B Loan Trust Series 24 -Series A2 Bennett & Coleman PTC P1+(SO) Tata Motors A1+ Kesoram Industries PR1+ Cholamandalam DBS Finance LAA Citi Financial Consumer Finance India AA+ Indian Commercial Loan Trust Series 8 A1 Tata Communication PTC P1+(SO) CLSS 22 Trust Series A SREI Equipment Finance PTC F1+(SO) ILFS Trust Series D6 Tata Motors Finance PTC AA-(SO) ITGTL Loan Trust Series A Geetanjali Trading PTC P1(SO) GE Capital Services India AAA Citicorp Finance India AA+ IBCL Trust Series - I Atlas Copco PTC AA+(SO) Indian Retail ABS Series 86 A3 ICICI Bank PTC AAA(SO) Indian Corporate Loan SecTrust Series XXXV A5 Tata Motors Finance PTC AA-(SO) SREI Infrastructure Finance AA Shriram Transport Finance Co AA SREI Infrastructure Finance AA Shriram Transport Finance Co AA Indian Loan Rec Sec Trust Series 6 Cholamandalam PTC LAAA(SO) CAT Series LV A2 (IO) Vodafone Essar PTC F1+(SO) Indian Loan Trust Series VII 08 A2 Tata Capital PTC A1+(SO) Indian Commercial Loan Trust Series 8 A2 Tata Communication PTC P1+(SO) LIC Housing Finance AAA Corporate Debt Trust Series 15 A2 II National Housing Bank PTC LAAA(SO) BVL Trust Series II Bharti Venture Interest PTC LAAA(SO) CAT Series LV A2 (PO) Vodafone Essar PTC F1+(SO) Cash Equivalents Electrosteel Castings PR1+ Sundaram Finance P1+ Sundaram Finance A1+ Century Textiles & Industries F1+ Jindal Saw A1+ Jindal Saw PR1+ PSU Bonds IDBI Bank AA+ Cash & Current Assets Total Net Asset Institutional Plan Date of : 7th July, ^ Date of Recommnecement of Institutional Plan: 18th Nov, 2008 Returns for less than 1 period are absolute and those for greater than or equal to 1 Performance calculated on growth option. inception returns are calculated on Rs.10/- Option for Investment: Dividend (Daily & Weekly Reinvestment, Monthly Reinvestment/payout), Growth and Bonus. Minimum Investment: : Rs. 5000/- and in multiples of Re. 1/- thereafter. Institutional Plan: Rs. 1 crore and in multiples of Re. 1/- thereafter. Additional Investment: : Rs. 1000/- and in multiples of Re. 1/- thereafter. Institutional Plan: Rs. 1 lakh and in multiples of Re. 1/- thereafter. Minimum Repurchase Amount: : Rs. 1000/- and in multiples of Re. 1/-thereafter. Institutional Plan: Rs. 1 lakh and in multiples of Re. 1/- thereafter. Entry Load: Nil. Exit Load: Nil. * w.e.f. Feb 09, 2009, DWS Liquid Plus Fund has renamed to DWS Ultra Short Term Fund month Money Market Instruments Cash & Current Assets AA/P1 Corporate Debt Cash Equivalents 4.94 PSU Bonds Holding Company of Asian Paints Promoters Dani Family Date: : 21st October, 2003 Institutional Plan: 7th July, 2008 Dwijendra Srivastava : Regular Monthly Dividend Option Rs Regular Weekly Dividend Option Rs Regular Daily Dividend Option Rs Regular Bonus Option Rs Regular Growth Option Rs Institutional Monthly Dividend Option Rs Institutional Weekly Option Rs Institutional Daily Dividend Option Rs Institutional Growth Option Rs % Institutional Plan 0.62% 0.22 Yrs 0.2 Yrs SIP FACILITY NOT AVAILABLE 11

12 An open-ended debt fund with the objective to generate steady return by investing in debt and money market securities across the credit spectrum. The fund has been maintaining the judicious mix of fixed and floating rate securities to deliver consistent market related returns. : CRISIL Liquid Fund Index Date: : 13th March, 2006 Institutional Plan: 7th November, 2006 Dwijendra Srivastava : Regular Monthly Dividend Option Rs Regular Weekly Dividend Option Rs Regular Daily Dividend Option Rs Regular Bonus Option Rs Regular Growth Option Rs Institutional Monthly Dividend Option Rs Institutional Weekly Dividend Option Rs Institutional Daily Dividend Option Rs Institutional Growth Option Rs % Institutional Plan 0.65% 0.24 Yrs 0.21 Yrs SIP FACILITY AVAILABLE DWS Money Plus Fund The assigned rating AA+f is valid only for DWS Money Plus Fund. The rating of CRISIL is not an opinion of the Asset Management Company s willingness or ability to make timely payments to investors. The rating is also not an opinion on the stability of the of the fund, which could vary with market developments. PORTFOLIO ( Top Ten Holdings) Corporate Debt Tata Motors A1+ Vishal Retail UNRATED Rec Sec Trust Series 2 A1 Hindustan Construction PTC PR1+(SO) SREI Infrastructure Finance AA Orient Papers and Industries A1+ Indian Corporate Loan Sec Trust 08 Series 13 BHW Home Finance PTC AA+(SO) PES Loan Trust Series A2 A SREI Equipment Finance PTC A1+(SO) Indian Corporate Loan Sec Trust Series XXXV A5 Tata Motors Finance PTC AA-(SO) Shriram Transport Finance Company AA Cholamandalam DBS Finance LAA Citi Financial Consumer Finance India AA+ SREI Infrastructure Finance AA Indian Loan Sec Series VI Trust B2 Magma Sharchi PTC AAA(SO) Indian Retail ABS Trust Series 83 A3 ICICI Bank PTC AAA(SO) Investment Vehicle Series A3-ICICI Bank PTC AAA(SO) LIC Housing Finance AAA Indian Retail ABS Trust Series 46 ICICI Bank PTC LAAA(SO) GE Capital Services India AAA AXIS Bank AA+ CAT Series LV A2 (PO) Vodafone Essar PTC F1+(SO) GE Money Financial Services AAA Indian Retail ABS Series 85 A1 B ICICI Bank PTC AAA(SO) Money Market Instruments GE Capital Services India P1+ Fortis Health Care A1+ GE Money Housing Finance P1+ ING Vysya Bank P1+ YES Bank A1+ State Bank of Indore P1+ State Bank of Hyderabad P1+ Federal Bank P1+ Reliance Securities A1+(SO) Sundaram BNP Paribas Home Finance A1+ AXIS Bank P1+ Cash Equivalents Sundaram Finance A1+ Jindal Saw A1+ Reverse Repos PSU Bonds Indian Railway Finance Corporation AAA Cash & Current Assets Total Net Asset PTC underwritten for repayment by IDFC Corporate Debt Money Market Instruments Cash & Current Assets Cash Equivalents Reverse Repos PSU Bonds Monthly Dividend 31-Dec Jan Feb Monthly Dividend Institutional Plan 31-Dec Jan Feb Post Dividend per unit will fall to the extent Date of for : 13th March, Institutional Plan Date of for Institutional Plan : 7th Nov, Returns for less than 1 period are absolute and those for greater than or equal to 1 Performance calculated on growth option. inception returns are calculated on Rs.10/- Rated AA+f by CRISIL Option for Investment: Dividend (Daily & Weekly Reinvestment & Monthly Reinvestment/ Payout), Growth and Bonus. Minimum Investment: : Rs. 5000/- and in multiples of Re. 1/- thereafter. Institutional Plan: Rs. 1 crore and in multiples of Re. 1/- thereafter. Additional Investment: : Rs. 1000/- and in multiples of Re. 1/- thereafter. Institutional Plan: Rs. 1000/- and in multiples of Re. 1/- thereafter. Minimum Repurchase Amount: : Rs. 1000/- and in multiples of Re. 1/- thereafter. Institutional Plan: Rs /- and in multiples of Re. 1/- thereafter. Entry Load: Nil. Exit Load: For each purchase/switchin of any amount, if exited within 7 days from allotment date: 0.10%. For Fund of Funds (FOF) Scheme: Nil. Investment through SIP (For ): Minimum of 6 cheques of Rs. 1000/- each or 12 cheques of Rs. 500/- each or 4 cheques of Rs. 1500/- each. Entry Load for SIP: Nil. Exit Load for SIP: Nil. month month AA/P1 Others

13 DWS Credit Opportunities Cash Fund The assigned rating AAf is valid only for DWS Credit Opportunities Cash Fund. The rating of CRISIL is not an opinion of the Asset Management Company s willingness or ability to make timely payments to investors. The rating is also not an opinion on the stability of the of the fund, which could vary with market developments. December, 2008 Rated 4 by ICRA for 15 Days Plan PORTFOLIO ( Top Ten Holdings) Corporate Debt Citi Financial Consumer Finance India AA+ Orient Papers and Industries A1+ Piramal Healthcare A1+ Shriram Transport Finance Company AA DSP Merill Lynch Capital AA+ Shriram Transport Finance Co AA Auto Sec Trust -Mixpool Tata Motors Finance PTC AA(SO) ITCCL Loan Trust Freyssinet Prestres PTC AA+(SO) CLSS 13 Trust Series A DLF Commercial PTC P1(SO) SREI Infrastructure Finance AA Corporate Loan Sec Series XXXIII Trust 6 Shriram Transport Finance PTC F1+(SO) ILFS Trust Series D6 Tata Motors Finance PTC AA-(SO) Indian Loan Sec Series VI Trust B2 Magma Shrachi PTC AAA(SO) Corporate Debt Trust Series 16 Class A2 Power Finance Corporation PTC AAA(SO) Corporate Debt Trust Series 15 A2 II National Housing Bank PTC LAAA(SO) GE Capital Services India AAA Indian Loan Rec Sec Trust Series 6 Cholamandalam PTC LAAA(SO) Money Market Instruments Federal Bank P1+ DIC India P1+ Television Eighteen India A1+ ICICI Bank A1+ GE Money Housing Finance P1+ State Bank of Hyderabad P1+ Dena Bank F1+ Reverse Repos Cash Equivalents Sundaram Finance A1+ DIC India P1+ Cash & Current Assets Total Net Asset Money Market Instruments Reverse Repos 4.02 Cash Equivalents 2.53 Cash & Current Assets 0.50 Corporate Debt Rated AAf by CRISIL Monthly Dividend 15 Days Plan 30-Nov Jan Feb Monthly Dividend 30 Days Plan 31-Dec Jan Feb Post Dividend per unit will fall to the extent 15 Days Plan month Date of : 22nd June, Days Plan month Date of : 10th January, Returns for less than 1 period are absolute and those for greater than or equal to 1 Performance calculated on growth option. inception returns are calculated on Rs.10/- An open-ended debt fund with the objective to generate regular income by investing primarily in investment graded fixed income securities/money market instruments. The fund focusses on adding value through credit identification while strict portfolio discipline ensures minimal volatility in returns. : CRISIL Liquid Fund Index Date: 15 Days Plan: 22nd June, days Plan: 10th January, 2008 Fund Managers: Dwijendra Srivastava & Kumaresh Ramakrishnan 9 and and : 15 Days Monthly Dividend Option Rs Days Fortnightly Dividend Option Rs Days Weekly Dividend Option Rs Days Regular Daily Dividend Option Rs Days Growth Option Rs Days Monthly Dividend Option Rs Days Weekly Dividend Option Rs Days Daily Dividend Option Rs Days Growth Option Rs Days Plans 0.96% 30 Day Plans 0.88% 0.37 Yrs 0.33 Yrs SIP FACILITY AVAILABLE AA/P Ranking Methodology on page no. 15 Options for Investment: 15 Days Plan: Dividend (Daily & Weekly Dividend Reinvestment only, Forthnightly Reinvestment/Payout & Monthly Dividend Reinvestment/Payout) and Growth Option. 30 Days Plan: Growth Option, Bonus Option and Dividend (Daily & Weekly Dividend Reinvestment only, Forthnightly Monthly Dividend Reinvestment/Payout). Minimum Investment: 15 Days and 30 Days Plan: Rs. 5000/- and in multiples of Re. 1/- thereafter. Additional Investment: 15 Days and 30 Days Plan: Rs. 1000/- and in multiples of Re. 1/- thereafter. Minimum Repurchase Amount: 15 Days and 30 Days Plan: Rs. 1000/- and in multiples of Re. 1/- thereafter. Entry Load: 15 Days and 30 Days Plan: Nil. Exit Load: 15 Days Plan: 0.25% if the investor redeems within 15 days from the allotment of units. 30 days Plan: 0.25% if redeems within 30 days from allotment of units. For Fund of Funds (FOF) Scheme: Nil. Investment through SIP: Minimum of 6 cheques of Rs. 1000/- each or 12 cheques of Rs. 500/- each or 4 cheques of Rs. 1500/- each. Entry Load for SIP: Nil. Exit Load for SIP: Nil. 13