DSP Mutual Fund announces merger of its World Agriculture Fund into World Mining Fund

DSP Mutual Fund has announced that DSP World Agriculture Fund will merge into DSP World Mining Fund, with effect from October 4, 2024. After which the latter will be renamed as DSP World Mining Fund of Fund.

While the surviving scheme will continue to focus on mining related sectors, it will broaden its investment universe beyond the current holding - 'BlackRock Global Funds - World Mining Fund'. The scheme will invest in such overseas funds and ETFs that focus on companies involved in mining and metals, with an emphasis on those engaged in the production of metals and industrial minerals.

Investors holding units in DSP World Agriculture Fund will have their investments converted into units of DSP World Mining Fund of Fund at the latest prevailing NAV on the merger date. This will not change the investment value of unitholders on the said date. For those who do not wish to continue with the new scheme, an exit option has been provided from September 4 to October 4, 2024, wherein investors can redeem without paying any exit load.