Axis Mutual Fund has announced the merger of three bond index schemes, effective September 11, 2026. According to reports from Axis Mutual Fund, the merger involves the Axis CRISIL-IBX AAA Bond NBFC-HFC - Jun 2027 Index Fund and Axis CRISIL-IBX AAA Bond Financial Services - Sep 2027 Index Fund. These two schemes will merge into the existing Axis CRISIL-IBX AAA Bond NBFC-HFC - Jun 2027 Index Fund.
As a result of this merger, Axis CRISIL-IBX AAA Bond NBFC-HFC - Jun 2027 Index Fund and Axis CRISIL-IBX AAA Bond Financial Services - Sep 2027 Index Fund will cease to exist. According to the announcement, unitholders of the merging schemes will become unitholders of the surviving fund. This consolidation will result in a single bond index scheme under the Axis CRISIL-IBX AAA Bond NBFC-HFC - Jun 2027 Index Fund name.
The fund house has provided an exit window for unitholders who do not favor the merger. As reported by Axis Mutual Fund, unitholders can exit or switch their investments without any exit load between August 04, 2026 and September 02, 2026. This window allows investors to move their investments to other schemes within the fund house or exit completely without incurring any additional charges during this transition period.
