Description

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

Summary

DSP Mutual Fund has announced changes to scheme names and benchmarks for several Fund of Fund (FoF) schemes, effective August 31, 2025. This follows SEBI’s Standardized Framework for Fund of Fund Schemes communicated on June 30, 2025.

Key Points

  • Seven DSP Fund of Fund schemes will have revised names
  • One scheme (DSP Income Plus Arbitrage Fund of Fund) will have a revised benchmark
  • Changes are pursuant to SEBI’s standardized framework for FoF schemes
  • All other provisions of Scheme Information Document (SID) and Key Information Memorandum (KIM) remain unchanged

Regulatory Changes

Scheme Name Changes:

  • DSP Global Innovation Fund of Fund → DSP Global Innovation Overseas Equity Omni FoF
  • DSP Global Clean Energy Fund of Fund → DSP Global Clean Energy Overseas Equity Omni FoF
  • DSP US Treasury Fund of Fund → DSP US Specific Debt Passive FoF
  • DSP US Flexible Equity Fund of Fund → DSP US Specific Equity Omni FoF
  • DSP Income Plus Arbitrage Fund of Fund → DSP Income Plus Arbitrage Omni FoF
  • DSP World Mining Fund of Fund → DSP World Mining Overseas Equity Omni FoF
  • DSP World Gold Fund of Fund → DSP World Gold Mining Overseas Equity Omni FoF

Benchmark Change:

  • DSP Income Plus Arbitrage Fund of Fund benchmark revised from “40% NIFTY 50 Arbitrage Index + 60% CRISIL Dynamic Bond A-III Index” to “40% NIFTY 50 Arbitrage Index + 60% NIFTY Composite Debt Index”

Compliance Requirements

  • Unit holders advised to update PAN, KYC, email address, mobile number, and nominee details with AMC
  • Unit holders should link PAN with Aadhaar Number
  • Unit holders can check for unclaimed redemptions, IDCW payments, or inactive folios on the Fund’s website

Important Dates

  • Effective Date: August 31, 2025
  • SEBI Communication Date: June 30, 2025
  • Circular Date: August 22, 2025

Impact Assessment

The changes are administrative in nature, primarily involving nomenclature updates to align with SEBI’s standardized framework. The benchmark change for DSP Income Plus Arbitrage Fund of Fund may have minor portfolio implications. No immediate impact on trading or market operations is expected, but investors should be aware of the revised scheme names for future transactions and documentation.

Impact Justification

Administrative changes affecting multiple mutual fund schemes but no immediate trading impact