Merger Of Aditya Birla Sun Life CRISIL IBX 60:40 SDL + AAA PSU Index Fund To Corporate Bond Fund, Effective from April 30
Aditya Birla Mutual Fund will merge the CRISIL IBX 60:40 SDL + AAA PSU Index Fund into the Corporate Bond Fund on April 30, 2025. Investors have until then to redeem or switch without exit load.
Overview of the Merger |
Mumbai: Aditya Birla Mutual Fund has announced the merger of the Aditya Birla Sun Life CRISIL IBX 60:40 SDL + AAA PSU - Apr 2025 Index Fund (Transferor Scheme) into the Aditya Birla Sun Life Corporate Bond Fund (Transferee Scheme). This merger will be effective on April 30, 2025.
Changes in Subscription and Investments
Effective immediately, no fresh subscriptions, lump sum investments, or additional investments (including SIP, XSIP, and STP) will be accepted for the Transferor Scheme. Investors have a 30-day window (till April 30, 2025) to redeem their investments or switch to other available schemes within Aditya Birla Mutual Fund without paying an exit load.
SIP and Investment Continuation
Existing Systematic Investment Plans (SIP), XSIP, and Systematic Transfer Plans (STP) will continue to be processed during this exit load period. However, any existing systematic plans will not be automatically shifted to the surviving scheme after the merger.
Investor Options
Investors who consent to the merger will see their systematic investments continue under the surviving scheme from the effective date. Those who do not consent will have their units redeemed at the applicable NAV on the merger date, with proceeds transferred within three working days.
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