CosmicTaco

DSP Mutual Fund Merges Two International Funds

CosmicTaco · 2024-09-02T17:19:17.522528+05:30

- DSP Mutual Fund announced the merger of **DSP World Agriculture Fund** and **DSP World Mining Fund**. - The merger will be effective on **October 4, 2024**, with the surviving scheme renamed to **DSP World Mining Fund of Funds**. - The rationale is that the Agriculture/Nutrition theme has underperformed, while mining and metals have shown better returns. - Unitholders will receive new units in the surviving scheme at the last available NAV on the effective date. - Existing unitholders can exit without an exit load from **September 4, 2024, to October 4, 2024** if they disagree with the merger.

DSP Mutual Fund announced the merger of DSP World Agriculture Fund and DSP World Mining Fund.
The merger will be effective on October 4, 2024, with the surviving scheme renamed to DSP World Mining Fund of Funds.
The rationale is that the Agriculture/Nutrition theme has underperformed, while mining and metals have shown better returns.
Unitholders will receive new units in the surviving scheme at the last available NAV on the effective date.
Existing unitholders can exit without an exit load from September 4, 2024, to October 4, 2024 if they disagree with the merger.