Description

DSP Mutual Fund announces name changes and benchmark revisions for multiple Fund of Fund schemes effective August 31, 2025.

Summary

DSP Mutual Fund has announced changes to scheme names and benchmarks for multiple Fund of Fund (FOF) schemes effective August 31, 2025, pursuant to SEBI’s Standardized Framework for Fund of Fund Schemes.

Key Points

  • Seven DSP Fund of Fund schemes will undergo name changes
  • One scheme (DSP Income Plus Arbitrage Fund of Fund) will have its benchmark revised
  • Changes are mandatory under SEBI’s standardized FOF framework
  • All changes take effect from August 31, 2025
  • Changes will be reflected in Scheme Information Document (SID) and Key Information Memorandum (KIM)

Regulatory Changes

Pursuant to SEBI letter on Standardized Framework For Fund of Fund (FOF) Schemes dated June 30, 2025, scheme names must be standardized to include “Overseas Equity Omni FoF”, “Specific Debt Passive FoF”, or “Specific Equity Omni FoF” suffixes as appropriate.

Compliance Requirements

  • Unit holders should update PAN, KYC, email address, mobile number, and nominee details with AMC
  • Unit holders advised to link PAN with Aadhaar Number
  • Check for unclaimed redemptions, IDCW payments, or inactive folios on Fund’s website
  • Review updated SID and KIM documents

Important Dates

  • August 31, 2025: Effective date for all scheme name and benchmark changes
  • August 22, 2025: Date of circular issuance

Impact Assessment

The changes are administrative in nature and do not affect the underlying investment strategy or portfolio composition of the schemes. Investors will need to use new scheme names for future transactions and references. The benchmark change for DSP Income Plus Arbitrage Fund of Fund may affect performance comparison metrics.

Impact Justification

Affects multiple DSP mutual fund schemes with name and benchmark changes but no immediate trading impact