ICICI Prudential Mutual Fund has announced the merger of ICICI Prudential Nifty SDL Sep 2026 Index Fund into ICICI Prudential Corporate Bond Fund, effective from October 1, 2026. According to reports from ICICI Prudential Mutual Fund, this merger will result in the complete dissolution of the Nifty SDL Sep 2026 Index Fund, with all existing unitholders being transferred to the Corporate Bond Fund.
As a direct consequence of this merger, unitholders of ICICI Prudential Nifty SDL Sep 2026 Index Fund will cease to exist and will automatically become unitholders of the ICICI Prudential Corporate Bond Fund. The merger represents a complete consolidation of the two fund schemes under a single umbrella structure.
To accommodate unitholders who may not favour this merger, ICICI Prudential Mutual Fund has provided an exit window between August 28, 2026 and September 30, 2026. During this 24-day window period, unitholders can exit or switch their investments without incurring any exit load charges, providing them with sufficient time to make informed decisions about their investment portfolios.
