Description

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

Summary

BSE has informed members that DSP Mutual Fund has called off the NFO for DSP Fixed Maturity Plan (FMP) - Series 277-789 Days. All valid subscription orders placed during the NFO period (November 27 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 has been called off at AMC end
  • NFO period was from November 27, 2025 to December 01, 2025
  • Valid subscription orders reported to RTA with funds will be rejected in order status report
  • Rejection remark: “NFO Called Off”
  • Refunds will be released from Exchange end to client’s funds received bank account registered in UCCs
  • This circular supersedes Notice No. 20251126-66 dated November 26, 2025

Regulatory Changes

No regulatory changes. This is an operational update regarding the cancellation of a specific mutual fund NFO.

Compliance Requirements

  • Members should note that all subscription orders for this NFO will be automatically rejected
  • No action required from members as refunds will be processed automatically by the Exchange
  • Members should inform affected clients about the NFO cancellation and refund process

Important Dates

  • November 26, 2025: Original launch announcement (Notice No. 20251126-66)
  • November 27 to December 01, 2025: NFO subscription period (now cancelled)
  • December 02, 2025: NFO cancellation notice issued

Impact Assessment

Market Impact: Limited. This affects only investors who subscribed to this specific DSP Mutual Fund NFO during the brief subscription period.

Operational Impact: Moderate for affected investors and distributors. All subscription orders will be automatically rejected and refunds processed through the BSE StAR MF Platform.

Investor Impact: Investors who subscribed will receive full refunds to their registered bank accounts. No financial loss beyond opportunity cost and potential transaction delays.

Impact Justification

NFO cancellation affects investors who subscribed during the offer period but has limited broader market impact. Refunds will be processed systematically.