DSP Mutual Fund Opens 90-Day Fixed Maturity Plan NFO on 13 November 2026

Key Takeaways

• DSP Mutual Fund has opened subscriptions for DSP Fixed Maturity Plan Series 280, a 90-day close-ended debt scheme, on 13 November 2026.
• The NFO closes on 17 November, with a minimum initial investment of ₹5,000.
• The scheme intends to invest in debt and money market securities maturing on or before its scheduled maturity.

DSP Launches New Fixed Maturity Plan

DSP Mutual Fund has opened the new fund offer for DSP Fixed Maturity Plan (FMP) – Series 280 – 90 Days on 13 November 2026.

The scheme is a close-ended debt mutual fund with a defined maturity period of 90 days.

Subscriptions are scheduled to remain open until 17 November 2026.

The minimum initial investment is ₹5,000.

The new scheme adds to the range of fixed-maturity products offered within India's debt mutual fund industry.

Investment Objective and Portfolio Structure

The fund's stated objective is to generate income by investing in a portfolio of debt and money market securities that mature on or before the scheme's maturity date.

The investment strategy is therefore linked to the scheduled maturity of the underlying instruments.

Debt securities may include instruments issued by government entities, financial institutions and companies, depending on the permitted investment universe specified in the scheme documents.

Money market instruments generally have shorter maturities and are used within the limits prescribed for the scheme.

The fund can allocate up to 100% of its portfolio to eligible debt and money market instruments, subject to the relevant investment restrictions.

As with other debt mutual funds, the achievement of the stated investment objective is not guaranteed.

Benchmark and Fund Management

The scheme's performance is benchmarked against the NIFTY Liquid Index B-I.

The disclosed fund management team comprises Karan Mundhra, Shalini Vasanta and Kunal Khudania.

The fund's risk classification at the NFO stage is Moderate.

The riskometer assessment considers the proposed investment strategy and may subsequently change in accordance with applicable disclosure requirements.

How a Fixed Maturity Plan Operates

A fixed maturity plan has a defined investment tenure, unlike an open-ended debt mutual fund that generally permits ongoing subscriptions and redemptions.

Its portfolio is typically constructed around the scheme's scheduled maturity date.

This structure can reduce the need to sell securities before maturity, although credit risk, valuation risk and liquidity risk can still affect outcomes.

A close-ended structure also places restrictions on ordinary redemption before maturity.

Where units are listed, exchange-based transactions may be possible subject to applicable rules, market liquidity and availability of counterparties.

NFO Dates and Industry Context

The four-day subscription period runs from 13 to 17 November 2026.

The launch follows October's recovery in debt mutual fund inflows, when the broader category received approximately ₹1.13 lakh crore in net investments.

That industry-wide development provides context for the scheme's launch but does not establish a direct connection between the monthly inflows and demand for this particular NFO.

The fund's eventual portfolio, assets mobilised and realised performance will depend on investments made after the offer period.