Change in fundamental attributes of DSP Equity & Bond Fund

DSP Mutual Fund has announced some changes in the fundamental attributes of DSP Equity & Bond Fund:

• The scheme name will change from DSP Equity & Bond Fund to DSP Aggressive Hybrid Fund.
• The scheme has increased the permissible maximum equity allocation from 75 per cent to 80 per cent.
• Overseas investments will be enabled in the scheme, allowing such exposure of up to 15 per cent.
• The updated investment strategy aims to combine bottom-up and top-down approaches. Focus will be on the intrinsic value of businesses, prioritising those with a higher margin of safety. The fund manager may also employ a covered call strategy to enhance risk-adjusted returns.

These changes will come into effect from November 28, 2024.

As per the regulatory requirements, unitholders have been given a 31-day exit window from October 28 to November 27, 2024. Investors who do not consent to these changes have an option to either switch or redeem their investments without paying any exit load during this period. No action is required to be taken by investors who don't have any objection to the proposed change.