DSP FMP Series 264 60M 17D Review: Plans, NAV, Returns and Portfolio Analysis 2026

DSP FMP Series 264 60M 17D is a fixed maturity plan offered by DSP Mutual Fund, available in Direct and Regular Plans across IDCW, Growth. The scheme aims to generate returns commensurate with prevailing market yields by investing in a portfolio of fixed income securities that mature in line with the scheme's tenure, following a buy-and-hold strategy to maturity. With multiple variants, DSP FMP Series 264 60M 17D lets investors choose between different cost structures and payout approaches within the same base scheme.

This article reviews DSP FMP Series 264 60M 17D across all its available plans and options, covering the latest NAV, expense ratio, portfolio approach, performance, exit load and investor suitability, based on publicly available data as of August 2026.

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DSP FMP Series 264 60M 17D Plans and Options Available

DSP FMP Series 264 60M 17D is offered across 4 scheme codes. The table below lists all available variants with ISIN codes and latest NAV figures.

Scheme Code	Plan	Option	ISIN (Growth / Payout)	ISIN (Reinvestment)	NAV (Rs)	NAV Date
149190	Direct Plan	Growth	INF740KA1QH8	-	13.3446	20-Jul-2026
149191	Direct Plan	IDCW	INF740KA1QI6	INF740KA1QJ4	13.3446	20-Jul-2026
149189	Regular Plan	IDCW	INF740KA1QF2	INF740KA1QG0	13.2467	20-Jul-2026
149188	Regular Plan	Growth	INF740KA1QE5	-	13.2473	20-Jul-2026

Investment Objective and Portfolio Approach

DSP FMP Series 264 60M 17D seeks to generate returns commensurate with prevailing market yields by investing in a portfolio of fixed income securities that mature in line with the scheme's tenure, following a buy-and-hold strategy to maturity.

In terms of portfolio construction, the scheme holds a fixed portfolio of debt securities chosen to mature in line with the scheme's tenure, held to maturity to provide return visibility at the time of investment.

DSP FMP Series 264 60M 17D Performance and Returns

DSP FMP Series 264 60M 17D has delivered returns that are broadly linked to the yields at which the underlying securities were purchased at launch, subject to portfolio composition; investors should check the latest factsheet for current figures. Performance across individual plans and options may vary slightly due to differing expense ratios and whether gains are paid out under the IDCW option or reinvested under the Growth option.

The Direct Plan of any mutual fund typically delivers a slightly higher return than the Regular Plan of the same scheme over time, since it charges a lower expense ratio by excluding distributor commission. Investors should review the latest scheme factsheet from the AMC for current performance figures.

Direct Plan vs Regular Plan: Key Differences in DSP FMP Series 264 60M 17D

The Direct Plan of DSP FMP Series 264 60M 17D is available for investors transacting directly with the AMC or through a registered investment advisor, and carries typically lower than the Regular Plan, in line with the low cost nature of passively managed FMPs. The Regular Plan carries not independently verified; check on AMC or Univest Screener.

Over longer holding periods, the compounding effect of this cost difference can be meaningful, which is why cost conscious investors often prefer the Direct Plan when they are comfortable transacting without distributor support.

Growth Option vs IDCW Option in DSP FMP Series 264 60M 17D

The Growth option of DSP FMP Series 264 60M 17D reinvests any gains back into the scheme NAV, supporting long term wealth compounding for investors who do not need periodic payouts.

The IDCW option of DSP FMP Series 264 60M 17D distributes available surplus to unit holders according to the chosen frequency, subject to the fund house declaring a distribution. Payouts under any IDCW option are not guaranteed and depend on distributable surplus.

Expense Ratio and Exit Load

The expense ratio for the Regular Plan of DSP FMP Series 264 60M 17D is not independently verified; check on AMC or Univest Screener, while the Direct Plan carries typically lower than the Regular Plan, in line with the low cost nature of passively managed FMPs. This is the annual fee deducted from the scheme's assets.

The exit load on DSP FMP Series 264 60M 17D is not applicable for redemption through the AMC before maturity as these are closed-ended schemes; units are listed on the exchange for secondary market trading; investors should confirm liquidity terms in the scheme information document.

Who Should Consider DSP FMP Series 264 60M 17D

Conservative income seekers. The scheme suits investors looking for stable income with lower volatility than equity funds.

Medium term investors. A holding period matching the scheme's duration target is generally advisable for the scheme.

Investors stepping down risk. The scheme can be suitable for investors shifting from equity to debt as they approach a financial goal.

Key Risks in the scheme

Interest rate risk. The NAV of the scheme is sensitive to changes in interest rates and benchmark yields.

Credit risk. Debt holdings carry issuer credit risk, and any downgrade or default in the portfolio can affect NAV.

Reinvestment risk. Maturing bonds may need to be reinvested at lower yields in a falling interest rate environment.

How to Invest in DSP FMP Series 264 60M 17D

Investors evaluating DSP FMP Series 264 60M 17D should begin by deciding between the Direct and Regular Plan, and between the Growth option for long term compounding and the IDCW option for periodic payouts.

Completing KYC through a SEBI registered intermediary or the AMC portal is mandatory before investing for the first time. Investors who have existing KYC registration can proceed directly.

Investment in DSP FMP Series 264 60M 17D can be made as a lump sum or through a Systematic Investment Plan of at least as specified in the New Fund Offer; investors should check the scheme information document, followed by regular monitoring of NAV and portfolio composition at least quarterly.

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Conclusion

DSP FMP Series 264 60M 17D is a fixed maturity plan scheme from DSP Mutual Fund available across 4 plan and option variants, giving investors flexibility in cost structure and payout approach. The representative NAV of Rs 13.3446 for the Direct Plan Growth option as on 20-Jul-2026 reflects the scheme's performance since launch. Investors should review the latest scheme information document and consult a SEBI registered advisor before investing.

Frequently Asked Questions on DSP FMP Series 264 60M 17D

What plans and options are available in DSP FMP Series 264 60M 17D?

Ans. DSP FMP Series 264 60M 17D is available in Direct and Regular Plans and IDCW, Growth, giving investors 4 scheme codes to choose from depending on cost preference and payout requirements.

What is the latest NAV of DSP FMP Series 264 60M 17D?

Ans. The latest NAV of the Direct Plan Growth option of DSP FMP Series 264 60M 17D is Rs 13.3446 as on 20-Jul-2026. NAVs for all plan and option variants are updated at the end of every business day.

What is the investment objective of DSP FMP Series 264 60M 17D?

Ans. The primary objective of DSP FMP Series 264 60M 17D is to generate returns commensurate with prevailing market yields by investing in a portfolio of fixed income securities that mature in line with the scheme's tenure, following a buy-and-hold strategy to maturity.

What is the difference between the Direct and Regular Plan in DSP FMP Series 264 60M 17D?

Ans. The Direct Plan of DSP FMP Series 264 60M 17D carries typically lower than the Regular Plan, in line with the low cost nature of passively managed FMPs, excluding distributor commission. The Regular Plan carries not independently verified; check on AMC or Univest Screener. The lower cost of the Direct Plan can improve long term compounding.

What is the expense ratio of DSP FMP Series 264 60M 17D?

Ans. The Regular Plan of DSP FMP Series 264 60M 17D carries an expense ratio of not independently verified; check on AMC or Univest Screener, and the Direct Plan carries typically lower than the Regular Plan, in line with the low cost nature of passively managed FMPs. The exact current figure can be confirmed in the latest AMC factsheet.

What is the exit load on DSP FMP Series 264 60M 17D?

Ans. The exit load on DSP FMP Series 264 60M 17D is not applicable for redemption through the AMC before maturity as these are closed-ended schemes; units are listed on the exchange for secondary market trading; investors should confirm liquidity terms in the scheme information document. Investors should confirm this in the current scheme information document before redeeming.

Who should invest in DSP FMP Series 264 60M 17D?

Ans. DSP FMP Series 264 60M 17D can suit investors whose financial goals, risk appetite and investment horizon align with the fixed maturity plan category. Consult a SEBI registered advisor to assess personal suitability.

Is DSP FMP Series 264 60M 17D a good investment?

Ans. DSP FMP Series 264 60M 17D can be appropriate for investors who understand the fixed maturity plan category mandate and are comfortable with the associated risk. Past performance does not guarantee future returns.