DSP-ML Fixed Term Plan - Series 1P, is a close-ende debt scheme. The primary investment objective of the Schemes is to seek capital appreciation by investing in a portfolio of debt and money market securities. It is envisaged that the portfolio of each Scheme will display a maturity profile that is generally in line with the Term of the Scheme. The Schemes may also use derivatives for hedging and portfolio balancing. The Schemes may also invest a certain portion of their corpus in money market securities, in order to meet liquidity requirements from time to time.