Description

DSP Fixed Maturity Plan (FMP) Series 277-789 Days NFO has been called off by the AMC, with all subscription orders from November 27 to December 01, 2025 to 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 placed during the NFO period from November 27, 2025 to December 01, 2025 will be rejected, and refunds will be processed to investors’ registered bank accounts.

Key Points

  • DSP Fixed Maturity Plan (FMP) Series 277-789 Days NFO has been cancelled at AMC level
  • All subscription orders reported to RTA with funds during NFO period will be rejected
  • Rejection will appear in order status report with remarks “NFO Called Off”
  • Refunds will be released to clients’ registered bank accounts in UCCs from Exchange end
  • This reverses the earlier notice dated November 26, 2025 (Notice No. 20251126-66) announcing the NFO launch

Regulatory Changes

No regulatory changes. This is an operational announcement regarding a specific NFO cancellation.

Compliance Requirements

  • Members must inform affected investors about the NFO cancellation
  • Exchange will process refunds for rejected orders to registered bank accounts
  • Members should monitor order status reports for rejection confirmations

Important Dates

  • November 26, 2025: Original NFO launch announcement (Notice No. 20251126-66)
  • November 27 - December 01, 2025: NFO subscription period (now cancelled)
  • December 02, 2025: NFO cancellation announcement date
  • Refunds to be processed following rejection confirmation

Impact Assessment

The cancellation impacts investors who subscribed to the DSP FMP Series 277-789 Days during the brief NFO window. All subscription amounts will be refunded to registered accounts. This is a scheme-specific event with limited broader market impact, though it may cause inconvenience to investors who planned their fixed-income allocations around this product. Members need to communicate effectively with affected clients about the cancellation and refund timeline.

Impact Justification

NFO cancellation affects investors who subscribed during the offering period but has limited broader market impact as it's specific to one mutual fund scheme