Description

DSP Fixed Maturity Plan (FMP) - Series 277-789 Days NFO has been called off by the AMC. All subscription orders from November 27 to December 01, 2025 will be rejected and refunded.

Summary

BSE has announced that DSP Mutual Fund’s Fixed Maturity Plan (FMP) - Series 277-789 Days NFO has been called off by the Asset Management Company. All valid subscription orders received during the NFO period from November 27, 2025 to December 01, 2025 will be rejected with the remark “NFO Called Off” and refunds will be processed to investors’ registered bank accounts.

Key Points

  • DSP Fixed Maturity Plan (FMP) - Series 277-789 Days NFO cancelled at AMC level
  • NFO period was November 27, 2025 to December 01, 2025
  • All subscription orders reported to RTA with funds during this period will be rejected
  • Order status report will show rejection remark: “NFO Called Off”
  • Refunds will be released from Exchange to client’s registered bank account in UCC
  • This circular references previous Notice No. 20251126-66 dated November 26, 2025 regarding the NFO launch

Regulatory Changes

No regulatory changes. This is an operational update regarding scheme cancellation.

Compliance Requirements

  • Members must inform affected clients about the NFO cancellation
  • RTA to process rejection of all subscription orders from the NFO period
  • Exchange to process refunds to investors’ registered bank accounts
  • Members to monitor order status reports for rejection confirmations

Important Dates

  • November 26, 2025: Original NFO launch announcement
  • November 27 - December 01, 2025: NFO subscription period (now cancelled)
  • December 02, 2025: Circular date announcing NFO cancellation
  • Refunds to be processed immediately following rejection

Impact Assessment

The cancellation affects investors who subscribed to DSP FMP Series 277-789 Days during the 5-day NFO window. While inconvenient for subscribers, the systematic refund process through the Exchange ensures timely return of funds to registered bank accounts. The impact is limited to this specific scheme and does not affect other DSP Mutual Fund offerings or the broader BSE StAR MF platform operations. Members need to communicate proactively with affected clients regarding the cancellation and expected refund timeline.

Impact Justification

Moderate impact as it affects investors who subscribed to the NFO during the offer period, requiring refunds. However, limited to a single scheme with a short subscription window.