Mumbai: The Bombay Stock Exchange (BSE) has announced the merger of multiple schemes under the Nippon Mutual Fund umbrella into the Nippon India Liquid Fund. The transition will be effective from April 23, 2025, post-market closure on April 22, 2025.
Affected Schemes and Surviving Fund
As per the official communication, the following Interval Funds will be merged:
Nippon India Interval Fund - Monthly Interval Fund Series I & II
Nippon India Interval Fund - Quarterly Interval Fund Series I & III
These funds will be consolidated into Nippon India Liquid Fund, streamlining investment options for investors.
Implications for Investors
Unit holders of the merging schemes will automatically see their investments transferred to the Nippon India Liquid Fund. This move aligns with regulatory requirements and aims to enhance liquidity and portfolio efficiency.
Official Communication
Further details, including terms of the merger and investor impact, are provided in the Notice Cum Addendum issued by Nippon Mutual Fund.
For more information, stakeholders can refer to the official documents available on the BSE platform.
