November 25, 2025
RA Jainee
DSP FMP Series 277-789 Days Direct-Growth
DSP FMP Series 277-789 Days Direct-Growth snapshot
| NFO opens on | 27 November 2025 |
| NFO Closes on | 01 December 2025 |
| Min. Investment | Rs. 5000 |
| Plans | Growth, IDCW |
| Sahifund Verdict | Good for investors wanting stability, predictable yields and low volatility over ~2-year tenure; not for those seeking liquidity or higher-return equity options. |
⏱️ Last Update: 26 November 2025, 10.00 AM
Table of Contents:
1. NFO Open date, Close date
2. NFO Investment Strategy
3. Basic Details NFO
4. Benchmark Index NFO
5. Fund Manager | Performance Review of Fund Manager
6. Should You Invest in this NFO?
7. Invest Online
What is the DSP FMP Series 277-789 Days Direct-Growth Open Date, Close Date?
NFO opens on November 27, 2025
NFO will close on December 01, 2025
Investment Strategy for this NFO?
The scheme seek to income by investing in a portfolio of Debt and Money Market Securities maturing on or before the maturity of the Scheme.
Basic Details
| Fund House | DSP Mutual Fund |
| Issue Open | 27 November 2025 |
| Issue Close | 01 December 2025 |
| Type | Closed-end |
| Category | Debt: Fixed Maturity |
| Min. Investment(₹) | 5,000 |
| Plans | Growth, IDCW |
| Tenure (Days) | 789 |
| Riskometer | High |
| Benchmark | NIFTY Short Duration Debt Index C-II |
About Benchmark Index for this NFO?
The Nifty Fixed Income PRC (Potential Risk Class) Indices are based on SEBI guidelines on Potential Risk Class Matrix for debt schemes based on Interest Rate Risk and Credit Risk and have been prepared for various categories of MFs as per SEBI
guidelines on ‘Categorization and Rationalization of Mutual Fund Schemes’ with respect to Macaulay’s Duration and Credit Rating range for each debt fund category. The indices are rebalanced on a monthly basis.
Index Characteristics
| Methodology | – |
| No. of Constituents | – |
| Launch Date | April 04, 2022 |
| Base Date | September 03, 2001 |
| Base Value | 1000 |
| Calculation Frequency | Daily – End of day |
| Reconstitution Frequency | Monthly |
Fund Managers of DSP FMP Series 277-789 Days Direct-Growth
1) Karan Mundhra
Education: Mr. Mundra is a B. COM. and Charted Accountant (CA)
Experience: He is working with DSP Mutual Fund since april 2012, he has Over 9 years of experience.
2) Kunal Khudania
Education: Chartered Accountant B.Com (Honors)
Experience: Prior to joing the DSP MF, he was associated with Mirae Asset Investment Managers India Private Ltd, Futures First Info Services Private Ltd,
3) Shalini Vasanta
Education: Mr. Vasanta has done BA and MBA (Finance)
Experience: Prior to joining DSP Mutual Fund, he has worked with ICRA as Senior Analyst
AMC
DSP Investment Managers Pvt. Ltd.
Address: The Ruby, 25th Floor 29, Senapati Bapat Marg, Dadar (West), Mumbai Mumbai – 400028
Website: https://www.dspim.com/
Registrar & Transfer Agent
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Review for DSP FMP Series 277-789 Days Direct-Growth @ sahifund.com by Paresh Gordhandas, C.A. & Research Analyst
[ A ] Benchmark Performance of NIFTY Short Duration Debt Index C-II
Statistics
| ( Returns as on Oct 31, 2025 ) | |||||||||
| Index Name | Avg Yield %* | Avg. Macaulay Duration* | Avg Maturity* | Avg. Modified Duration* | 3 M | 6 M | 1 Yr. | 3 Yr. | Since Inception |
| NIFTY Short Duration Debt Index C-II | 8.19 | 1.49 | 1.72 | 1.41 | 1.49 | 3.23 | 8.03 | 8.69 | 8.37 |
Past Performance of Karan Mundhra
| Fund | DSP Bond Fund – Retail Plan | It’s Benchmark | DSP Liquidity Fund | It’s Benchmark |
| 1 Year | 8.32 | 5.76 | 6.62 | 4.74 |
| 3 Year | 7.62 | 7.00 | 6.97 | 4.64 |
| 5 Year | 5.88 | 5.33 | 5.71 | 3.63 |
| 7 Year | 5.95 | 6.19 | 5.67 | 3.71 |
| 10 Year | 6.24 | 6.25 | 6.12 | 3.88 |
As on 25-11-2025
Past Performance of Kunal Khudania
| Fund | DSP Strategic Bond Fund | It’s Benchmark |
| 1 Year | 5.64 | 5.76 |
| 3 Year | 8.15 | 7.00 |
| 5 Year | 5.90 | 5.33 |
| 7 Year | 7.89 | 6.19 |
| 10 Year | 7.52 | 6.25 |
As on 25-11-2025
Past Performance of Shalini Vasanta
| Fund | DSP Low Duration Fund | It’s Benchmark | DSP Overnight Fund | It’s Benchmark |
| 1 Year | 7.33 | 4.74 | 5.88 | 4.74 |
| 3 Year | 7.21 | 4.64 | 6.36 | 4.64 |
| 5 Year | 5.77 | 3.63 | 5.29 | 3.63 |
| 7 Year | 6.41 | 3.71 | — | — |
| 10 Year | 6.69 | 3.88 | — | — |
As on 25-11-2025
[B] Review of Fund Managers
Karan Mundhra
-
Background: Mr. Mundra is a B. COM. and Charted Accountant (CA), He is working with DSP Mutual Fund since april 2012, he has Over 9 years of experience.
Kunal Khudania
-
Background: Chartered Accountant B.Com (Honors), Prior to joing the DSP MF, he was associated with Mirae Asset Investment Managers India Private Ltd, Futures First Info Services Private Ltd,
Shalini Vasanta
-
Background: Mr. Vasanta has done BA and MBA (Finance), Prior to joining DSP Mutual Fund, he has worked with ICRA as Senior Analyst
Sahifund Verdict:
DSP FMP Series 277 (789 Days) is a closed-ended fixed-maturity plan investing in debt and money-market instruments maturing on or before the scheme’s maturity, aiming to lock in yields in a stable interest-rate environment. The benchmark, Nifty Short Duration Debt Index C-II, currently reflects an average yield of 8.19% with historically steady 1–3 year returns (8.03% to 8.69%).
The fund is managed by DSP’s experienced debt team — Karan Mundhra, Kunal Khudania and Shalini Vasanta — who have delivered consistent performance across DSP Bond Fund, Strategic Bond Fund and Low Duration Fund versus their benchmarks over medium-term horizons.
Since the FMP structure eliminates reinvestment decisions during the tenure and reduces interest-rate volatility, this NFO is suitable for investors seeking predictable debt returns, better visibility over maturity, and no exit-load worries. However, being a fixed-maturity scheme, liquidity is limited, making it unsuitable for those needing short-term access to funds.
Sahifund Verdict: Good for investors wanting stability, predictable yields and low volatility over ~2-year tenure; not for those seeking liquidity or higher-return equity options.
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Is it good to invest in DSP FMP Series 277-789 Days Direct-Growth NFO?
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