NFO Alert: DSP Mutual Fund Launches FMP Series 277 Debt Fund

DSP Mutual Fund has introduced a new fixed maturity scheme called DSP FMP Series 277 – 789 Days (Direct – Growth). It is open for subscription from November 27 to December 1, 2025.  

The scheme is closed-end, meaning investors can only enter during the offer period and must stay invested until maturity. The minimum application amount is ₹5,000, and the plan is available in Growth, IDCW, and IDCW Quarterly options. 

Closed-End Debt Structure 

The fund has a tenure of 789 days, after which units will be redeemed automatically. Investors cannot withdraw or redeem units before maturity. The scheme falls under the Debt: Fixed Maturity category and carries a high-risk label on the Riskometer.  

Returns are not assured and depend on the performance of the underlying debt portfolio. 

Investment Objective and Portfolio 

The scheme aims to generate income through investments in debt and money market instruments. All securities selected for the portfolio are planned to mature on or before the fund’s maturity date.  

This structure reduces exposure beyond the scheme’s tenure. The benchmark for performance comparison is the NIFTY Short Duration Debt Index C-II. 

Management and Registrar Details 

The fund will be managed by Karan Mundhra, under DSP Investment Managers Pvt Ltd. Investor transactions and records will be handled by Computer Age Management Services Ltd. (CAMS), acting as registrar and transfer agent. 

Read More: NFO Alert: Navi Mutual Fund Launches Nifty MidSmallcap 400 Index Fund! 

Conclusion 

DSP FMP Series 277 provides a fixed-term debt investment for 789 days, invested in instruments maturing within the same timeframe. The product involves locked-in capital and carries a high-risk category tag. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   

Mutual Fund Investments are subject to market risks, read all the related documents carefully before investing.