
Nippon India Mutual Fund has announced the merger of Nippon India Nifty AAA PSU Bond Plus SDL - Sep 2026 Maturity 50:50 Index Fund into Nippon India Corporate Bond Fund, effective September 3, 2026. According to reports from Nippon India Mutual Fund, the merger will result in the complete dissolution of the Nifty AAA PSU Bond Plus SDL scheme, with all existing unitholders automatically becoming unitholders of the Corporate Bond Fund.
The fund house has provided an exit window for unitholders who do not wish to participate in the merger. As reported by Nippon India Mutual Fund, unitholders of Nippon India Nifty AAA PSU Bond Plus SDL - Sep 2026 Maturity 50:50 Index Fund can exit or switch their investments without any exit load between August 4, 2026 and September 2, 2026. This window allows investors to move their investments to other schemes within the fund house's portfolio during the transition period.
The merger will result in Nippon India Nifty AAA PSU Bond Plus SDL - Sep 2026 Maturity 50:50 Index Fund ceasing to exist from September 3, 2026. According to the announcement, all existing unitholders of the merging scheme will automatically become unitholders of the Nippon India Corporate Bond Fund, with their holdings transferred accordingly. The fund house has structured this merger to ensure a smooth transition for investors while consolidating its bond fund offerings.