
SBI Mutual Fund has announced the merger of SBI CPSE Bond Plus SDL Sep 2026 50:50 Index Fund into SBI Banking and PSU Debt Fund, effective October 1, 2026. According to reports from SBI Mutual Fund, this merger will result in the complete dissolution of the CPSE Bond Plus SDL Sep 2026 50:50 Index Fund, with its unitholders becoming unitholders of the SBI Banking and PSU Debt Fund. The merger represents a strategic consolidation of debt fund offerings within SBI Mutual Fund's portfolio.
Unitholders of the merging fund who do not wish to continue their investment in the combined scheme have been provided with an exit window. As reported by SBI Mutual Fund, unitholders can exit or switch their investments without any exit load between September 1, 2026 to September 30, 2026. This window provides a limited timeframe for investors to make informed decisions about their continued participation in the merged fund, ensuring smooth transition for those choosing to exit the scheme.
The merger will fundamentally alter the investment structure of the affected funds. According to SBI Mutual Fund's announcement, SBI CPSE Bond Plus SDL Sep 2026 50:50 Index Fund will cease to exist as a separate entity, with its assets and unitholders being absorbed into the SBI Banking and PSU Debt Fund. This consolidation represents a strategic restructuring of SBI Mutual Fund's debt fund portfolio to streamline investment offerings and provide investors with a more focused debt fund option.