
DSP Mutual Fund has announced change in the fundamental attributes of DSP Global Allocation Fund of Fund.
- The scheme name of 'DSP Global Allocation Fund of Fund' change to 'DSP Income Plus Arbitrage Fund of Fund'.
- The investment objective is to focus on generating income by investing in units of debt oriented schemes and arbitrage schemes.
- As per the updated asset allocation, the fund will now invest 95-100 per cent of its assets in the units of debt-oriented mutual funds and arbitrage schemes.
- The scheme will now managed by Kaivalya Nadkarni (arbitrage) and Shantanu Godambe (Debt).
- The benchmark of the scheme has changed from 'MSCI All Country World Total Return Index' to 'CRISIL Dynamic Bond A-III Index (60%) + NIFTY 50 Arbitrage Index (40%)'.
- The risk-o-meter change from 'Very High' to 'Moderate'.
These changes are effective from March 11, 2025.
As per the regulatory requirements, unitholders have been given a 32-day exit window from February 07, 2025 to March 10, 2025. Investors who do not consent to these changes have an option to either switch or redeem their investments without paying any exit load during the period. No action is required to be taken by investors who don't have any objection to the proposed change.