DSP Mutual Fund files draft for Fixed Maturity Plan (FMP): Key things investors must know

Key things investors must know about DSP Mutual Fund upcoming Fixed Maturity Plan (FMP) – Series 277 to 279

Close-ended debt schemes investing primarily in debt and money market instruments that mature on or before the end of the scheme’s tenure.

The schemes will be jointly managed by Karan Mundhra, Shalini Vasanta, and Kunal Khudania.

Investors can choose between a Regular Plan and a Direct Plan, each available with:

Growth Option, and

Income Distribution cum Capital Withdrawal (IDCW) Option – where IDCW, if declared, may be reinvested or paid out as per the investor’s preference.

Units can be redeemed only at maturity.

Redemption proceeds will be dispatched within 3 working days from the maturity date.

In exceptional cases permitted under SEBI/AMFI guidelines, additional timelines may apply.

Investors who wish to exit earlier may sell their units on the stock exchange, provided they hold them in demat form.

Each series will have a fixed maturity period, as detailed in the Scheme Information Document (SID).

The performance of each FMP series will be benchmarked against relevant money market or debt indices, depending on the portfolio’s maturity profile. (Exact indices for each series are provided in the Scheme Information Document.)

Investment details

NFO price: ₹10 per unit

Minimum application amount: ₹5,000 and any amount thereafter during the NFO period

These schemes are not open for continuous sale or repurchase during their tenure.

Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Investors should do their own research or consult a registered financial advisor before making investment decisions.