Smart investments? DWS Investments.

www.dws-india.com 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 www.dws-india.com Email: dws.mutual@db.com Contact: (022) 6658 4300 Past performance is no guarantee of future results. **For risk factors, ranking methodology and disclaimer please refer to page no. 15

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 51.16 48.8750 48.8025 2.3575 Excess Liquidity 62550 56510 47350 15200 5 Yr AAA spread 242 285 350-108 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 25-30 bps. The government's announcement of extra borrowing for the current fiscal, coupled with the much larger than expected borrowing for fiscal 2009-10, 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 249.53 billion as of Feb 20, 2009 as compared to USD 247.62 billion as of Jan 23, 2009. 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 2003. 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

Rated by Value Research** DWS Alpha Equity Fund PORTFOLIO ( Top Ten Holdings) Issuer Market Value % to Net Consumer Non Durables 2098.07 17.42 I T C 973.29 8.08 Hindustan Unilever 779.17 6.47 Dabur India 345.61 2.87 Telecom - Services 1133.24 9.41 Bharti Airtel 1133.24 9.41 Oil 1041.00 8.64 Cairn India 529.55 4.40 Oil and Natural Gas Corporation 511.45 4.25 Banks 840.39 6.98 State Bank of India 477.60 3.97 HDFC Bank 362.79 3.01 Power 786.55 6.53 NTPC 401.56 3.33 Tata Power Co. 384.99 3.20 Petroleum Products 781.54 6.49 Reliance Industries 781.54 6.49 Industrial Products 608.63 5.05 Jain Irrigation Systems 351.69 2.92 Sintex Industries 256.94 2.13 Finance 522.19 4.34 Power Finance Corporation 522.19 4.34 Industrial Capital Goods 495.69 4.12 Bharat Heavy Electricals 495.69 4.12 Ferrous Metals 388.13 3.22 Tata Steel 388.13 3.22 Diversified 354.64 2.94 Larsen and Toubro 354.64 2.94 Gas 292.26 2.43 GAIL India 241.93 2.01 Deep Industries 50.33 0.42 Pharmaceutical 253.61 2.11 Sun Pharmaceutical Industries 253.61 2.11 Cement 233.16 1.94 Grasim Industries 233.16 1.94 Fertilisers 219.57 1.82 Tata Chemicals 219.57 1.82 Money Market, Cash & Current Assets 1996.15 16.57 Total Net Asset 12044.81 100.00 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 9,225-41.59-47.92 (36 ) 36,000 28,378-15.08-21.70 Last 5 (60 ) 60,000 68,360 5.21-1.40 (73 ) 73,000 115,790 15.12 6.45 All the above returns are CAGR. in future. 24-Jan-05 2.00 24.26 27-Sep-05 5.00 31.25 10-Jan-06 2.50 35.41 30-Dec-06 3.50 51.17 25-Jan-08 4.00 75.27 Post Dividend per unit will fall to the extent -32.02-36.61-42.82-47.18 3.62-3.49 26.44 14.30 16.67 8.94 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 13 1.8 Asset Under Management (AUM) : 12044.81 : Dividend Option Rs. 10.36 Growth Option Rs. 41.89 2.44% Portfolio Turnover: 1.11 Volatility Measures (3 Years): Standard Deviation 9.38% R-Squared 0.90 Beta 1.00 Sharpe Ratio *** -0.03 *** 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

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 13 1.8 13062.85 : Dividend Option Rs. 14.53 Growth Option Rs. 19.04 2.22% Portfolio Turnover: 0.87 Volatility Measures (3 Years): Standard Deviation 9.95% R-Squared 0.95 Beta 1.03 Sharpe Ratio *** -0.05 *** 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 1819.27 13.93 I T C Hindustan Unilever Dabur India 814.13 654.80 318.33 6.23 5.01 2.44 Eveready Industries India 32.01 0.25 Telecom - Services 996.36 7.63 Bharti Airtel Oil 996.36 977.52 7.63 7.48 Oil and Natural Gas Corporation 511.45 3.92 Cairn India 466.07 3.57 Finance 750.93 5.75 Power Finance Corporation 503.43 3.85 Housing Development Finance Corporation 247.49 1.89 Petroleum Products 708.43 5.42 Reliance Industries 708.43 5.42 Industrial Capital Goods 671.48 5.14 Bharat Heavy Electricals 481.72 3.69 Texmaco 95.17 0.73 Genus Power Infrastructure 94.58 0.72 Banks 664.76 5.09 State Bank of India 359.49 2.75 HDFC Bank 305.27 2.34 Power 633.80 4.85 NTPC 386.82 2.96 Tata Power Co. 246.98 1.89 Industrial Products 555.29 4.25 Jain Irrigation Systems 370.55 2.84 Sintex Industries 184.73 1.41 Ferrous Metals 371.12 2.84 Tata Steel 348.15 2.67 Kalyani Steels 22.97 0.18 Diversified 346.69 2.65 Larsen and Toubro 346.69 2.65 Gas 312.92 2.40 GAIL India 207.37 1.59 Deep Industries 105.56 0.81 Pharmaceuticals 273.72 2.10 Dishman Pharmaceuticals and Chemicals 273.72 2.10 Minerals/Mining 249.13 1.91 Gujarat NRE Coke 163.53 1.25 TRF 85.60 0.66 Cement 233.16 1.78 Grasim Industries 233.16 1.78 Transportation 231.22 1.77 The Great Eastern Shipping Co. 231.22 1.77 Fertilisers 205.92 1.58 Tata Chemicals 205.92 1.58 Consumer Durables 97.39 0.75 Voltas 97.39 0.75 Money Market, Cash & Current Assets 2963.76 22.69 Total Net Asset 13062.85 100.00 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 8,699-48.58-53.91 (36 ) 36,000 27,596-16.78-26.47 (59 ) 59,000 66,021 4.56-4.59 All the above returns are CAGR. in future. 18-Feb-05 1.00 12.62 13-Feb-06 2.75 17.26 Post Dividend per unit will fall to the extent -37.52-41.36-50.04-52.97 2.73-6.90 13.64 13.51 7.56 6.77 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.

DWS Tax Saving Fund PORTFOLIO ( Top Ten Holdings) Issuer Market Value % to Net Consumer Non Durables 695.91 15.60 I T C Hindustan Unilever 278.08 243.65 6.23 5.46 Dabur India 136.43 3.06 Eveready Industries India 37.75 0.85 Oil 355.33 7.96 Oil and Natural Gas Corporation 186.61 4.18 Cairn India 168.72 3.78 Telecom - Services 324.69 7.28 Bharti Airtel Finance 324.69 279.54 7.28 6.27 Power Finance Corporation Housing Development Finance Corporation 171.66 107.88 3.85 2.42 Petroleum Products 247.95 5.56 Reliance Industries 247.95 5.56 Banks 244.13 5.47 State Bank of India 133.52 2.99 HDFC Bank 110.61 2.48 Power 238.21 5.34 NTPC 151.04 3.39 Tata Power Co. 87.17 1.95 Industrial Capital Goods 227.20 5.09 Bharat Heavy Electricals 188.50 4.22 Genus Power Infrastructure 38.70 0.87 Industrial Products 214.47 4.81 Jain Irrigation Systems 143.59 3.22 Sintex Industries 70.88 1.59 Ferrous Metals 154.59 3.46 Tata Steel 134.43 3.01 Kalyani Steels 20.16 0.45 Gas 147.05 3.30 GAIL India 95.55 2.14 Deep Industries 51.50 1.15 Diversified 121.68 2.73 Larsen and Toubro 121.68 2.73 Pharmaceuticals 90.71 2.03 Dishman Pharmaceuticals and Chemicals 90.71 2.03 Transportation 87.13 1.95 The Great Eastern Shipping Co. 87.13 1.95 Cement 82.29 1.84 Grasim Industries 82.29 1.84 Fertilisers 81.87 1.83 Tata Chemicals 81.87 1.83 Minerals/Mining 56.13 1.26 Gujarat NRE Coke 56.13 1.26 Consumer Durables 36.75 0.82 Voltas 36.75 0.82 Cash & Current Assets 776.23 17.40 Total Net Asset 4461.86 100.00 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 8,491-51.25-51.02 (35 ) 35,000 23,905-24.19-24.67 All the above returns are CAGR. in future. 31-Jan-08 1.00 15.17 Post Dividend per unit will fall to the extent -39.67-39.44-53.23-51.64-10.73-9.26 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 13 1.8 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 4461.86 : Dividend Option Rs. 6.6927 Growth Option Rs. 7.1592 (Including initial issue expense) 2.50% Unamortised Initial Issue Expense: Rs. 250,642.24 Portfolio Turnover: 0.92 Volatility Measures (1 Year): Standard Deviation 10.53% R-Squared 0.97 Beta 0.93 Sharpe Ratio *** -1.58 *** Risk Free Rate assumed to be 4.55% (based on 3-month T-Bill rate during last 3 ) 5

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 10050.73 83.76 7.46% Govt. Stock 2017 3166.50 26.39 SOVEREIGN 7.95% Govt. Stock 2032 2600.00 21.67 SOVEREIGN 6.83% Govt.Stock 2039 1825.60 15.21 SOVEREIGN 8.35% Govt. Stock 2022 1095.00 9.13 SOVEREIGN 8.33% Govt.Stock 2036 1076.00 8.97 SOVEREIGN 6.65% State Govt.Stock 2019 287.63 2.40 SOVEREIGN Reverse Repos 1609.76 13.41 Cash & Current Assets 339.38 2.83 Total Net Asset 11999.87 100.00 GOI Securities 83.76 Monthly Dividend 26-Dec-08 0.25 11.4629 Monthly Dividend Institutional Plan 26-Dec-08 0.25 11.4745 Post Dividend per unit will fall to the extent 3.10 5.67 8.90 6.72 9 11999.87 : Regular Dividend Option Rs. 10.4392 Regular Growth Option Rs. 10.6720 Institutional Dividend Option Rs. 10.4619 Institutional Growth Option Rs. 10.6939 Reverse Repos 13.41 Cash & Current Assets 2.83 100.00-2.27-0.76 month Date of : 27th October, 2008. Institutional Plan -2.22-0.76 3.25 5.67 6.94 8.90 2.16% 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

PORTFOLIO ( Top Ten Holdings) GOI Securities 16269.35 51.60 8.24% Govt. Stock 2018 5085.00 16.13 SOVEREIGN 7.95% Govt. Stock 2032 4160.00 13.19 SOVEREIGN 7.46% Govt. Stock 2017 3694.25 11.72 SOVEREIGN 6.83% Govt.Stock 2039 1825.60 5.79 SOVEREIGN 6.05% Govt.Stock 2019 1504.50 4.77 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 12617.82 40.02 Rural Electrification Corporation 3892.98 12.35 AAA Indian Railway Finance Corporation 3883.87 12.32 AAA Power Finance Corporation 3394.83 10.77 AAA Export Import Bank of India 517.60 1.64 AAA State Bank of India 494.14 1.57 AAA NABARD 434.39 1.38 AAA Corporate Debt 892.40 2.83 L & T Ltd. 490.23 1.55 AAA Reliance Gas Transportation Infrastructure 402.18 1.28 AAA Money Market Instruments 402.83 1.28 Allahabad Bank 402.83 1.28 P1+ Reverse Repos 1722.45 5.46 Cash & Current Assets -375.32-1.19 Total Net Asset 31529.54 100.00 Money Market Instruments GOI Securities PSU Bonds Reverse Repos Corporate Debt Cash & Current Assets 1.28 5.46 2.83-1.19 40.02 51.60 100.00 Monthly Dividend 31-Dec-08 0.10 12.8414 30-Jan-09 0.065 12.2743 27-Feb-09 0.065 12.1531 Quarterly Dividend 31-Mar-08 0.22 10.4700 30-Jun-08 0.02 10.1396 31-Dec-08 0.25 12.2801 Annual Dividend 31-Mar-06 0.3500 10.8041 30-Mar-07 0.3500 10.3973 31-Mar-08 0.0000 11.1367 Monthly Dividend Institutional Plan 31-Dec-08 0.10 10.5121 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 16.05 13.27 8.37 7.72-0.42 0.37 month 7.73 6.50 6.04 6.45 4.84 5.08 Last 5 1.05 2.16 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 13 9 31529.54 : Regular Annual Dividend Option Rs. 12.7110 Regular Quarterly Dividend Option Rs. 11.6841 Regular Monthly Dividend Option Rs. 12.1531 Regular Auto Sweep Plan Rs. 10.1016 Regular Growth Option Rs. 14.6498 Institutional Quarterly Dividend Option Rs. 9.7375 Institutional Monthly Dividend Option Rs. 10.0091 Institutional Growth Option Rs. 10.1053 1.82% Institutional Plan 1.77% Auto Sweep Plan 2.25% 12.47 Yrs 6.87 Yrs SIP FACILITY AVAILABLE 7

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 266.06 4.76 7.45% State Govt.Stock 2019 266.06 4.76 SOVEREIGN PSU Bonds 1473.57 26.35 Indian Oil Corporation 496.61 8.88 LAAA Indian Railway Finance Corporation 490.34 8.77 AAA Rural Electrification Corporation 486.62 8.70 AAA Corporate Debt 412.15 7.37 Trent 1 340.19 6.08 AA Tata Sons 71.96 1.29 AAA Money Market Instruments 2105.06 37.64 Allahabad Bank 815.03 14.58 P1+ Ericsson India 474.70 8.49 A1+ Bank of Baroda 468.73 8.38 P1+ AXIS Bank 182.97 3.27 P1+ ICICI Bank 163.62 2.93 A1+ Reverse Repos 550.21 9.84 Cash & Current Assets 784.85 14.04 Total Net Asset 5591.90 100.00 Monthly Dividend 26-Dec-08 0.02 11.1667 30-Jan-09 0.06 11.1530 27-Feb-09 0.06 11.2426 Post Dividend per unit will fall to the extent 10.20 7.54 12.58 10.41 9.24 8.11 7.45 7.23 6.35 6.09 9 5591.90 : Regular Dividend Option- Monthly Rs. 11.2426 Regular Dividend Option- Weekly Rs. 10.3256 Regular Growth Option Rs. 15.3165 Institutional Dividend Option- Monthly Rs. 10.0472 Institutional Dividend Option- Weekly Rs. 10.1232 Institutional Growth Option Rs. 10.1828 0.93% Institutional Plan 0.91% 2.73 Yrs 1.91 Yrs 1 Majority owned by Tata Group Money Market Instruments PSU Bonds Cash & Current Assets 14.04 Reverse Repos 9.84 Corporate Debt 7.37 GOI Securities 4.76 AA/P1 6.08 26.35 37.64 93.92 Date of : 21st January, 2003 Institutional Plan 1.38 0.93 month Last 5 1.83 2.40 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

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 140344.21 42.98 IDBI Bank 14383.59 4.41 A1+ AXIS Bank 12318.91 3.77 P1+ ICICI Bank 12023.49 3.68 A1+ ING Vysya Bank 11152.31 3.42 P1+ ICICI Bank 9709.31 2.97 PR1+ Oriental Bank of Commerce 6427.36 1.97 P1+ Jammu & Kashmir Bank 6238.89 1.91 P1+ Vijaya Bank 5368.80 1.64 PR1+ Bank of Maharashtra 5345.95 1.64 A1+ Andhra Bank 4864.32 1.49 PR1+ Federal Bank 4845.26 1.48 P1+ Ericsson India 4747.01 1.45 A1+ Development Credit Bank 4666.65 1.43 P1 Allahabad Bank 3847.22 1.18 P1+ State Bank of Indore 2996.88 0.92 P1+ Reliance Capital 2950.66 0.90 A1+ Alembic 2491.84 0.76 P1+ IL & FS 2490.30 0.76 F1+ YES Bank 2410.32 0.74 A1+ Dena Bank 2345.14 0.72 F1+ IL & FS 2217.07 0.68 PR1+ Karur Vysya Bank 2042.68 0.63 A1+ ABN AMRO Bank 1798.40 0.55 A1+ State Bank of Bikaner & Jaipur 1628.29 0.50 P1+ IL & FS Financial Services 1501.83 0.46 P1+ Andhra Bank 1391.60 0.43 P1+ Union Bank of India 1159.02 0.36 A1+ Fullerton India Credit Company 1001.87 0.31 A1+ JM Financial Products 998.13 0.31 P1+ Vijaya Bank 995.94 0.31 P1+ IndusInd Bank 995.43 0.30 P1+ Punjab National Bank 963.12 0.29 P1+ Punjab National Bank 945.40 0.29 F1+ IDBI Bank 526.48 0.16 P1+ ICICI Bank 498.67 0.15 P1+ Andhra Bank 56.05 0.02 F1+ Corporate Debt 65034.00 19.92 BVL Trust Series II Bharti Venture Principal PTC 1 7042.97 2.16 A1+(SO) IBH Series A1 Emami PTC 6995.80 2.14 AA+(SO) IL & FS 5000.00 1.53 PR1+ IIEF Trust Series A2 SREI Equipment Finance PTC 4538.91 1.39 LAAA(SO) LIC Housing Finance 4472.10 1.37 AAA Indian Retail ABS Trust 85 Series A2 - ICICI Bank PTC 4254.67 1.30 AAA(SO) SREI Infrastructure Finance 3210.00 0.98 AA Investment Vehicle Series A3-ICICI Bank PTC 3193.27 0.98 AAA(SO) R B Loan Trust Series 24 -Series A2 Bennett & Coleman PTC 2898.95 0.89 P1+(SO) RB Trust 27 Series A2 Bharat Petroleum PTC 2754.49 0.84 P1+(SO) Citi Financial Consumer Finance India 2609.29 0.80 AA+ Kesoram Industries 2500.00 0.77 PR1+ Indian Corporate Loan Sec Trust 39 Series A4 Bharat Petroleum PTC 2485.33 0.76 F1+(SO) Citicorp Finance India 2428.81 0.74 AA+ ITGTL Loan Trust Series A Geetanjali Trading PTC 2 1929.35 0.59 P1(SO) Shriram Transport Finance Co. 1850.00 0.57 AA ICICI Bank 1816.78 0.56 AAA Cholamandalam DBS Finance 1127.27 0.35 LAA AXIS Bank 854.25 0.26 AA+ IL & FS 478.41 0.15 AAA Housing Development Finance Corporation 448.21 0.14 AAA CLSS 22 Trust 2009 50 Series A SREI Equipment Finance PTC 401.77 0.12 F1+(SO) RB Loan Trust Series 23 A3 Bennett Coleman PTC 393.08 0.12 P1+(SO) RB Trust 27 Series A1 Bharat Petroleum PTC 350.48 0.11 P1+(SO) Indian Retail ABS Series 85 A1B ICICI Bank PTC 262.96 0.08 AAA(SO) Small Operator Trust Series A3 IL&FS PTC 162.62 0.05 AAA(SO) GE Money Financial Services 147.84 0.05 AAA Shriram Transport Finance Company 137.15 0.04 AA CAT Series LV A2 (PO) Vodafone Essar PTC 109.18 0.03 F1+(SO) BVL Trust Series II Bharti Venture Interest PTC 80.56 0.02 LAAA(SO) Kotak Mahindra Prime 59.75 0.02 LAA IL&FS Trust Series A1(IO) Vodafone Essar PTC 39.76 0.01 F1+(SO) December, 2008 Rated 4 by ICRA Monthly Dividend 31-Dec-08 0.0300 10.9457 30-Jan-09 0.0500 11.0167 27-Feb-09 0.0500 11.0257 Post Dividend per unit will fall to the extent Date of for : 21st January, 2003. Institutional Plan Date of for Institutional Plan: 25th June, 2004. Super Institutional Plan Rated AAAf by CRISIL 8.85 9.00 7.94 7.54 6.78 6.50 6.28 5.95 4.46 4.89 2.00 2.41 0.38 0.66 0.13 0.16 0.28 0.54 Last 7 days 5 days month 2.04 2.41 0.16 0.13 0.29 0.38 0.55 0.66 Last 7 days 5 days month Last 5 9.01 9.00 8.10 7.54 7.10 6.44 4.53 4.89 2.07 2.41 0.14 0.16 0.29 0.38 0.56 0.66 Last 7 days 5 days month 4.58 4.89 9.12 9.00 8.93 8.22 Date of for Super Institutional Plan: 5th September, 2007. 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 9 1.8 326482.59 : Daily Dividend Option Rs. 10.3010 Regular Dividend Option Rs. 11.0257 Regular Weekly Bonus Option Rs. 10.9065 Regular Growth Option Rs. 14.6925 Institutional Monthly Dividend Option Rs. 10.0000 Institutional Weekly Dividend Option Rs. 10.0000 Institutional Daily Dividend Option Rs. 10.0195 Institutional Growth Option Rs. 13.7834 Super Institutional Weekly Dividend Option Rs. 10.0000 Super Institutional Daily Dividend Option Rs. 10.0200 Super Institutional Growth Option Rs. 11.3516 Weekly Dividend Option Rs. 10.3657 0.83% Institutional Plan 0.76% Super Institutional Plan 0.71% **Ranking Methodology on page no. 15 9

DWS Insta Cash Plus Fund (Cont...) 0.21 Yrs 0.2 Yrs SIP FACILITY NOT AVAILABLE PORTFOLIO ( Top Ten Holdings) Cash Equivalents 34200.00 10.47 Chambal Fertilisers & Chemicals 8600.00 2.63 P1+ Global Trade Finance 8500.00 2.60 A1+ Mahindra and Mahindra Financial Services 7700.00 2.36 P1+ Jindal Saw 4200.00 1.29 PR1+ Century Textiles & Industries 3000.00 0.92 F1+ DIC India 1200.00 0.37 P1+ Reliance Capital 1000.00 0.31 A1+ Reverse Repos 24178.45 7.41 PSU Bonds 6108.76 1.87 Indian Railway Finance Corporation 4683.73 1.43 AAA Export Import Bank of India 935.03 0.29 AAA IDBI Bank 490.00 0.15 AA+ Cash & Current Assets 56617.17 17.34 Total Net Asset 326482.59 100.00 Money Market Instruments Corporate Debt 19.92 Cash & Current Assets 17.34 Cash Equivalents 10.48 Reverse Repos 7.41 PSU Bonds 1.87 AA/P1 8.07 42.99 91.93 1 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. 100000/- 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. 100000/- and in multiples of Re. 1/- thereafter. Super Institutional Plan: Rs. 100000/- 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 114755.20 39.48 Jammu & Kashmir Bank 8797.56 3.03 P1+ ICICI Bank 8657.15 2.98 A1+ ABN AMRO Bank 8027.16 2.76 A1+ Union Bank of India 5792.83 1.99 A1+ State Bank of Hyderabad 5612.01 1.93 P1+ GE Capital Services India 5362.61 1.84 P1+ State Bank of Mysore 4775.71 1.64 P1+ Punjab National Bank 4734.08 1.63 F1+ Reliance Securities 4508.50 1.55 A1+ (SO) Vijaya Bank 4366.31 1.50 PR1+ State Bank of Indore 4211.50 1.45 P1+ Ericsson India 4177.37 1.44 A1+ Allahabad Bank 3574.52 1.23 P1+ Karnataka Bank 3385.79 1.16 A1+ ING Vysya Bank 2947.48 1.01 P1+ Karur Vysya Bank 2599.78 0.89 A1+ Sundaram Finance 2493.73 0.86 P1+ Fortis Health Care 2489.04 0.86 A1+ Tata Motors 2484.75 0.85 A1+ YES Bank 2430.98 0.84 A1+ Bank of Maharashtra 2311.68 0.80 A1+ AXIS Bank 2180.21 0.75 P1+ Telco Construction Equipment Company 1917.26 0.66 A1+ Infrastructure Development Finance Co. 1874.48 0.64 P1+ Monthly Dividend 31-Dec-08 0.0600 10.5438 30-Jan-09 0.0550 10.6160 27-Feb-09 0.0550 10.6204 Post Dividend per unit will fall to the extent 4.45 4.89 9.12 9.00 8.09 7.54 Date of : 21st October, 2003. Rated AAAf by CRISIL 6.94 6.79 6.28 6.13 Last 5 10

DWS Ultra Short Term Fund* (Cont...) PORTFOLIO ( Top Ten Holdings) IDBI Bank 1772.00 0.61 P1+ Oriental Bank of Commerce 1661.24 0.57 P1+ Federal Bank 1568.17 0.54 P1+ Marico 1497.43 0.52 P1+ ICICI Home Finance 1496.00 0.51 P1+ IL & FS 1494.18 0.51 F1+ Corporation Bank 1452.47 0.50 P1+ Development Credit Bank 984.42 0.34 P1 Redington India 982.96 0.34 P1+ Andhra Bank 927.73 0.32 P1+ YES Bank 485.56 0.17 P1+ Export Import Bank of India 477.47 0.16 P1+ Tata Capital 147.31 0.05 A1+ Fullerton India Credit Company 61.35 0.02 A1+ Reliance Capital 34.45 0.01 A1+ Corporate Debt 34962.56 12.03 R B Loan Trust Series 24 -Series A2 Bennett & Coleman PTC 6764.22 2.33 P1+(SO) Tata Motors 5000.00 1.72 A1+ Kesoram Industries 3000.00 1.03 PR1+ Cholamandalam DBS Finance 2832.88 0.97 LAA Citi Financial Consumer Finance India 2348.38 0.81 AA+ Indian Commercial Loan Trust Series 8 A1 Tata Communication PTC 1685.70 0.58 P1+(SO) CLSS 22 Trust 2009 50 Series A SREI Equipment Finance PTC 1406.20 0.48 F1+(SO) ILFS Trust Series D6 Tata Motors Finance PTC 1384.19 0.48 AA-(SO) ITGTL Loan Trust Series A Geetanjali Trading PTC 1 1378.11 0.47 P1(SO) GE Capital Services India 1374.46 0.47 AAA Citicorp Finance India 1210.00 0.42 AA+ IBCL Trust Series - I Atlas Copco PTC 967.60 0.33 AA+(SO) Indian Retail ABS Series 86 A3 ICICI Bank PTC 941.69 0.32 AAA(SO) Indian Corporate Loan SecTrust Series XXXV A5 Tata Motors Finance PTC 700.27 0.24 AA-(SO) SREI Infrastructure Finance 569.64 0.20 AA Shriram Transport Finance Co. 500.00 0.17 AA SREI Infrastructure Finance 490.00 0.17 AA Shriram Transport Finance Co. 489.81 0.17 AA Indian Loan Rec Sec Trust Series 6 Cholamandalam PTC 481.94 0.17 LAAA(SO) CAT Series LV A2 (IO) Vodafone Essar PTC 398.55 0.14 F1+(SO) Indian Loan Trust Series VII 08 A2 Tata Capital PTC 332.64 0.11 A1+(SO) Indian Commercial Loan Trust Series 8 A2 Tata Communication PTC 198.10 0.07 P1+(SO) LIC Housing Finance 160.26 0.06 AAA Corporate Debt Trust Series 15 A2 II National Housing Bank PTC 125.95 0.04 LAAA(SO) BVL Trust Series II Bharti Venture Interest PTC 112.79 0.04 LAAA(SO) CAT Series LV A2 (PO) Vodafone Essar PTC 109.18 0.04 F1+(SO) Cash Equivalents 10300.00 3.54 Electrosteel Castings 2500.00 0.86 PR1+ Sundaram Finance 2400.00 0.83 P1+ Sundaram Finance 1600.00 0.55 A1+ Century Textiles & Industries 1500.00 0.52 F1+ Jindal Saw 1200.00 0.41 A1+ Jindal Saw 1100.00 0.38 PR1+ PSU Bonds 500.00 0.17 IDBI Bank 500.00 0.17 AA+ Cash & Current Assets 130159.55 44.78 Total Net Asset 290677.31 100.00 Institutional Plan Date of : 7th July, 2008. ^ 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. 0.58 0.66 2.41 2.18 2.68 2.46 month Money Market Instruments Cash & Current Assets AA/P1 Corporate Debt Cash Equivalents 4.94 PSU Bonds 3.54 0.17 12.03 1 Holding Company of Asian Paints Promoters Dani Family 39.48 44.78 95.06 Date: : 21st October, 2003 Institutional Plan: 7th July, 2008 Dwijendra Srivastava 9 1.8 290677.31 : Regular Monthly Dividend Option Rs. 10.6204 Regular Weekly Dividend Option Rs. 10.5147 Regular Daily Dividend Option Rs. 10.0147 Regular Bonus Option Rs. 10.3776 Regular Growth Option Rs. 14.2173 Institutional Monthly Dividend Option Rs. 10.0000 Institutional Weekly Option Rs. 10.0909 Institutional Daily Dividend Option Rs. 10.0150 Institutional Growth Option Rs. 10.2465 0.78% Institutional Plan 0.62% 0.22 Yrs 0.2 Yrs SIP FACILITY NOT AVAILABLE 11

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 9 1.8 63281.59 : Regular Monthly Dividend Option Rs. 10.4131 Regular Weekly Dividend Option Rs. 10.1715 Regular Daily Dividend Option Rs. 10.0259 Regular Bonus Option Rs. 10.3699 Regular Growth Option Rs. 12.6960 Institutional Monthly Dividend Option Rs. 10.3264 Institutional Weekly Dividend Option Rs. 10.1476 Institutional Daily Dividend Option Rs. 10.0082 Institutional Growth Option Rs. 12.1655 1.02% 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 37195.24 58.78 Tata Motors 5000.00 7.90 A1+ Vishal Retail 5000.00 7.90 UNRATED Rec Sec Trust Series 2 A1 Hindustan Construction PTC 1 4747.99 7.50 PR1+(SO) SREI Infrastructure Finance 3781.21 5.98 AA Orient Papers and Industries 3000.00 4.74 A1+ Indian Corporate Loan Sec Trust 08 Series 13 BHW Home Finance PTC 2901.53 4.59 AA+(SO) PES Loan Trust Series A2 A SREI Equipment Finance PTC 2555.78 4.04 A1+(SO) Indian Corporate Loan Sec Trust Series XXXV A5 Tata Motors Finance PTC 2200.86 3.48 AA-(SO) Shriram Transport Finance Company 1750.15 2.77 AA Cholamandalam DBS Finance 1540.79 2.43 LAA Citi Financial Consumer Finance India 1304.68 2.06 AA+ SREI Infrastructure Finance 1300.00 2.05 AA Indian Loan Sec Series VI Trust B2 Magma Sharchi PTC 657.39 1.04 AAA(SO) Indian Retail ABS Trust Series 83 A3 ICICI Bank PTC 350.59 0.55 AAA(SO) Investment Vehicle Series A3-ICICI Bank PTC 336.13 0.53 AAA(SO) LIC Housing Finance 122.31 0.19 AAA Indian Retail ABS Trust Series 46 ICICI Bank PTC 121.76 0.19 LAAA(SO) GE Capital Services India 119.03 0.19 AAA AXIS Bank 117.32 0.19 AA+ CAT Series LV A2 (PO) Vodafone Essar PTC 109.18 0.17 F1+(SO) GE Money Financial Services 99.65 0.16 AAA Indian Retail ABS Series 85 A1 B ICICI Bank PTC 78.89 0.12 AAA(SO) Money Market Instruments 14510.40 22.93 GE Capital Services India 2489.76 3.93 P1+ Fortis Health Care 2485.59 3.93 A1+ GE Money Housing Finance 2466.91 3.90 P1+ ING Vysya Bank 1992.07 3.15 P1+ YES Bank 1452.33 2.30 A1+ State Bank of Indore 1219.05 1.93 P1+ State Bank of Hyderabad 937.69 1.48 P1+ Federal Bank 744.32 1.18 P1+ Reliance Securities 478.79 0.76 A1+(SO) Sundaram BNP Paribas Home Finance 151.37 0.24 A1+ AXIS Bank 92.51 0.15 P1+ Cash Equivalents 3900.00 6.16 Sundaram Finance 2900.00 4.58 A1+ Jindal Saw 1000.00 1.58 A1+ Reverse Repos 997.68 1.58 PSU Bonds 106.97 0.17 Indian Railway Finance Corporation 106.97 0.17 AAA Cash & Current Assets 6571.31 10.38 Total Net Asset 63281.59 100.00 1 PTC underwritten for repayment by IDFC Corporate Debt Money Market Instruments Cash & Current Assets Cash Equivalents Reverse Repos PSU Bonds 1.58 0.17 10.38 6.16 22.93 58.78 Monthly Dividend 31-Dec-08 0.0620 10.3354 30-Jan-09 0.0550 10.4077 27-Feb-09 0.0550 10.4131 Monthly Dividend Institutional Plan 31-Dec-08 0.0650 10.2479 30-Jan-09 0.0550 10.3205 27-Feb-09 0.0550 10.3264 Post Dividend per unit will fall to the extent 0.58 0.66 Date of for : 13th March, 2006. Institutional Plan 2.19 2.41 4.89 4.35 Date of for Institutional Plan : 7th Nov, 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/- 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. 100000/- 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 0.59 0.66 month AA/P1 Others 2.23 2.41 7.90 4.43 4.89 23.54 8.85 9.00 8.39 7.58 9.01 9.00 6.84 6.16 68.56 12

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 12742.02 64.36 Citi Financial Consumer Finance India 2281.09 11.52 AA+ Orient Papers and Industries 2000.00 10.10 A1+ Piramal Healthcare 1500.00 7.58 A1+ Shriram Transport Finance Company 1000.10 5.05 AA DSP Merill Lynch Capital 980.05 4.95 AA+ Shriram Transport Finance Co. 979.62 4.95 AA Auto Sec Trust -Mixpool Tata Motors Finance PTC 859.67 4.34 AA(SO) ITCCL Loan Trust Freyssinet Prestres PTC 707.79 3.57 AA+(SO) CLSS 13 Trust Series A DLF Commercial PTC 641.22 3.24 P1(SO) SREI Infrastructure Finance 461.60 2.33 AA Corporate Loan Sec Series XXXIII Trust 6 Shriram Transport Finance PTC 399.64 2.02 F1+(SO) ILFS Trust Series D6 Tata Motors Finance PTC 307.60 1.55 AA-(SO) Indian Loan Sec Series VI Trust B2 Magma Shrachi PTC 202.27 1.02 AAA(SO) Corporate Debt Trust Series 16 Class A2 Power Finance Corporation PTC 155.81 0.79 AAA(SO) Corporate Debt Trust Series 15 A2 II National Housing Bank PTC 138.54 0.70 LAAA(SO) GE Capital Services India 94.88 0.48 AAA Indian Loan Rec Sec Trust Series 6 Cholamandalam PTC 32.13 0.16 LAAA(SO) Money Market Instruments 5662.99 28.60 Federal Bank 1384.03 6.99 P1+ DIC India 980.66 4.95 P1+ Television Eighteen India 978.18 4.94 A1+ ICICI Bank 974.11 4.92 A1+ GE Money Housing Finance 789.41 3.99 P1+ State Bank of Hyderabad 468.85 2.37 P1+ Dena Bank 87.76 0.44 F1+ Reverse Repos 795.49 4.02 Cash Equivalents 500.00 2.53 Sundaram Finance 300.00 1.52 A1+ DIC India 200.00 1.01 P1+ Cash & Current Assets 98.46 0.50 Total Net Asset 19798.96 100.00 Money Market Instruments Reverse Repos 4.02 Cash Equivalents 2.53 Cash & Current Assets 0.50 Corporate Debt 28.60 Rated AAf by CRISIL 64.36 58.49 Monthly Dividend 15 Days Plan 30-Nov-08 0.0780 10.1591 31-Jan-09 0.0600 10.1921 27-Feb-09 0.0600 10.2607 Monthly Dividend 30 Days Plan 31-Dec-08 0.0500 10.1775 30-Jan-09 0.0600 10.2555 27-Feb-09 0.0600 10.2652 Post Dividend per unit will fall to the extent 15 Days Plan 0.67 0.66 month Date of : 22nd June, 2007. 30 Days Plan 0.69 0.66 month 2.38 2.41 2.43 2.41 4.67 4.89 4.75 4.89 9.48 9.00 9.37 7.86 9.64 9.64 9.00 8.64 Date of : 10th January, 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/- 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, 2007 30 days Plan: 10th January, 2008 Fund Managers: Dwijendra Srivastava & Kumaresh Ramakrishnan 9 and 14 1.8 and 1.7 19798.96 : 15 Days Monthly Dividend Option Rs. 10.2607 15 Days Fortnightly Dividend Option Rs. 10.1723 15 Days Weekly Dividend Option Rs. 10.1159 15 Days Regular Daily Dividend Option Rs. 10.0200 15 Days Growth Option Rs. 11.6327 30 Days Monthly Dividend Option Rs. 10.2652 30 Days Weekly Dividend Option Rs. 10.0901 30 Days Daily Dividend Option Rs. 10.0200 30 Days Growth Option Rs. 11.1001 15 Days Plans 0.96% 30 Day Plans 0.88% 0.37 Yrs 0.33 Yrs SIP FACILITY AVAILABLE AA/P1 41.51 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