{"id":30789,"date":"2024-11-07T14:09:30","date_gmt":"2024-11-07T08:39:30","guid":{"rendered":"https:\/\/www.fundsindia.com\/blog\/?p=30789"},"modified":"2024-11-07T14:09:31","modified_gmt":"2024-11-07T08:39:31","slug":"notice-of-change-in-fundamental-attributes-of-dsp-equity-bond-fund-and-dsp-quant-fund","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/bulletin\/notice-of-change-in-fundamental-attributes-of-dsp-equity-bond-fund-and-dsp-quant-fund\/30789","title":{"rendered":"Notice of Change in Fundamental Attributes of DSP Equity & Bond Fund and DSP Quant Fund"},"content":{"rendered":"\n

Investors are hereby informed that DSP Mutual Fund is making certain changes in the fundamental attributes of DSP Equity & Bond Fund and DSP Quant Fund as detailed below. These changes align with SEBI (Mutual Funds) Regulations, 1996 and SEBI\u2019s Master Circular dated June 27, 2024 on mutual fund scheme categorization and rationalization.<\/p>\n\n\n\n

The rationale, details of the changes, and the exit option for unit holders are provided below:<\/p>\n\n\n\n

DSP Equity & Bond Fund<\/strong><\/h2>\n\n\n\n
\n \n \n \n \n \n \n \n \n \n
Sr. No.<\/strong><\/td>\n Particulars<\/strong><\/td>\n Existing Scheme Features<\/strong><\/td>\n Proposed Scheme Features (Changes highlighted in bold)<\/strong><\/td>\n <\/tr>\n
1<\/td>\n Name of the Scheme<\/td>\n DSP Equity & Bond Fund<\/td>\n DSP Aggressive Hybrid Fund<\/td>\n <\/tr>\n
2<\/td>\n Category of the Scheme<\/td>\n Aggressive Hybrid Fund<\/td>\n Aggressive Hybrid Fund (No change in category)<\/td>\n <\/tr>\n
3<\/td>\n Equity Allocation<\/td>\n 65% – 75%<\/td>\n 65% – 80%<\/td>\n <\/tr>\n
4<\/td>\n Fixed Income Allocation<\/td>\n 25% – 35%<\/td>\n 20% – 35%<\/td>\n <\/tr>\n
5<\/td>\n Covered Call Strategy<\/td>\n Not enabled<\/td>\n Enabled for generating additional returns through option premiums<\/td>\n <\/tr>\n
6<\/td>\n Investment in Overseas Securities<\/td>\n Not enabled<\/td>\n Enabled to improve the risk-reward profile<\/td>\n <\/tr>\n <\/tbody>\n <\/table>\n<\/figure>\n\n\n\n\n

For more details on asset allocation and investment strategy, please refer to Addendum 1<\/em><\/a><\/p>\n\n\n\n

DSP Quant Fund<\/strong><\/h2>\n\n\n\n
\n \n \n \n \n \n \n \n \n
Sr. No.<\/strong><\/td>\n Particulars<\/strong><\/td>\n Existing Scheme Features<\/strong><\/td>\n Proposed Scheme Features<\/strong><\/td>\n <\/tr>\n
1<\/td>\n Category of the Scheme<\/td>\n Thematic Fund<\/td>\n Thematic Fund (No change in category)<\/td>\n <\/tr>\n
2<\/td>\n Investment Objective*<\/td>\n Quant model with focus on growth, value, and quality factors.<\/td>\n Quant model with expanded factors (fundamental, macro, technical)<\/td>\n <\/tr>\n
3<\/td>\n Portfolio Re-balancing Frequency<\/td>\n As per quant model<\/td>\n Ongoing, at least monthly<\/td>\n <\/tr>\n
4<\/td>\n Single Stock Weight<\/td>\n Limited as per quant model<\/td>\n Capped at 10%<\/td>\n <\/tr>\n
5<\/td>\n Sector Weight<\/td>\n Limited as per quant model<\/td>\n Allowed deviation from benchmark<\/td>\n <\/tr>\n <\/tbody>\n <\/table>\n<\/figure>\n\n\n\n\n

For more details on investment strategies, product labeling, and risk factors, refer to Addendum 2<\/em><\/a>.<\/p>\n\n\n\n

Exit Option for Unit Holders<\/strong><\/h3>\n\n\n\n

In accordance with SEBI regulations, an Exit Option<\/strong> is available for unit holders who do not consent to the changes. Key details of the exit process are as follows:<\/p>\n\n\n\n

  • Exit Option Period<\/strong>: October 28, 2024 to November 27, 2024 (both days inclusive).<\/li>
  • Effective Date of Changes<\/strong>: November 28, 2024.<\/li>
  • Process<\/strong>: During the Exit Option Period, unit holders may switch to another scheme of DSP Mutual Fund or redeem units at the applicable NAV without exit load.<\/li>
  • Transaction Requests Post-Effective Date<\/strong>: Subject to exit load as applicable.<\/li>
  • Redemption\/Switch Requests<\/strong>: Can be submitted at any DSP Mutual Fund official point of acceptance.<\/li><\/ul>\n\n\n\n

    Additional Notes<\/strong><\/h3>\n\n\n\n
    • For Pledged Units<\/strong>: Unit holders with pledged units must release their pledge before submitting redemption\/switch requests.<\/li>
    • SIP Investors<\/strong>: Investors registered for SIP who do not wish to continue must apply for cancellation.<\/li>
    • Disclaimer<\/strong>: This exit offer is optional. No action is needed if the unit holder consents to the changes.<\/li><\/ul>\n\n\n\n

      The changes above have been approved by the Board of Directors of DSP Asset Managers Private Limited and DSP Trustee Private Limited. SEBI has also acknowledged the proposed changes via email dated September 27, 2024.<\/p>\n\n\n\n

      For more information, please refer to the addendums attached above<\/p>\n","protected":false},"excerpt":{"rendered":"

      Investors are hereby informed that DSP Mutual Fund is making certain changes in the fundamental attributes of DSP Equity & Bond Fund and DSP Quant Fund as detailed below. These changes align with SEBI (Mutual Funds) Regulations, 1996 and SEBI\u2019s Master Circular dated June 27, 2024 on mutual fund scheme categorization and rationalization. The rationale, […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[632],"tags":[],"yoast_head":"\nNotice of Change in Fundamental Attributes of DSP Equity & Bond Fund and DSP Quant Fund<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fundsindia.com\/blog\/bulletin\/notice-of-change-in-fundamental-attributes-of-dsp-equity-bond-fund-and-dsp-quant-fund\/30789\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Notice of Change in Fundamental Attributes of DSP Equity & Bond Fund and DSP Quant Fund\" \/>\n<meta property=\"og:description\" content=\"Investors are hereby informed that DSP Mutual Fund is making certain changes in the fundamental attributes of DSP Equity & Bond Fund and DSP Quant Fund as detailed below. 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