Aditya Birla Sun Life to Merge SDL+AAA PSU-Apr 2025 Index Fund with Corporate Bond Fund

Aditya Birla Sun Life Mutual Fund has announced the merger of its CRISIL IBX 60:40 SDL + AAA PSU – Apr 2025 Index Fund into the Aditya Birla Sun Life Corporate Bond Fund. The merger will take effect on April 30, 2025.

Fund Will Cease to Exist Post Merger

After the merger, the Aditya Birla Sun Life CRISIL IBX 60:40 SDL + AAA PSU – Apr 2025 Index Fund will no longer exist. Investors in this fund will automatically become unitholders of the Aditya Birla Sun Life Corporate Bond Fund.

The SDL + AAA PSU – Apr 2025 Index Fund was a target maturity index fund investing in a mix of 60% State Development Loans (SDLs) and 40% AAA-rated Public Sector Undertaking (PSU) bonds. The fund was set to mature in April 2025.

Dates to Note

• Merger Effective Date: April 30, 2025
• Exit Window (No Exit Load): March 31, 2025 to April 30, 2025

Investors who do not agree with the merger have the option to exit or switch their holdings without any exit load during this one-month window.

About the Receiving Fund

The Aditya Birla Sun Life Corporate Bond Fund is an open-ended debt scheme that primarily invests in AA+ and above-rated corporate bonds. Unlike the target maturity fund, it does not have a fixed maturity date.

Conclusion 

The merger has been approved by the fund house as part of its internal restructuring, and relevant disclosures have been made as per SEBI regulations. Investors who do not exit during the specified window will have their units transferred to the Corporate Bond Fund automatically after April 30, 2025.

Want to plan regular withdrawals? Our SWP Calculator helps you calculate how much you can withdraw while keeping your investments intact. Try it now!

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.