
DSP Mutual Fund has announced some fundamental changes in its DSP Global Allocation Fund.
- The scheme name will change from DSP Global Allocation Fund to DSP Global Allocation Fund of Fund.
- The type of scheme will change from "open ended fund of fund scheme investing in BlackRock Global funds-Global Allocation Fund" to "open ended fund of fund scheme investing in global(including indian) equity funds/ETFs & fixed income funds/ETFs".
- The fund will also change its bechmark from " S&P 500 TRI(36), FTSE World(ex-US)(24), ML US Treasury current 5 year(24), Citigroup Non USD World Government Bond Index(16)" to " MSCI ACWI Net TRI" .
These changes will come into effect from December 28, 2023.