Nippon India Mutual Fund has announced the merger of 2 fixed maturity schemes into an existing liquid fund. The changes will take effect from April 22, 2025.
The following schemes will be merged into Nippon India Liquid Fund:
After the merger, these schemes will cease to exist, and investors holding units in them will become unitholders of Nippon India Liquid Fund.
Unitholders who do not wish to continue with the new fund structure have the option to exit or switch their investments without any exit load. The exit window will be open from March 24, 2025, to April 22, 2025. After this period, the units will be transferred to the Nippon India Liquid Fund as part of the merger process.
Once merged, all existing investors in the two interval series funds will have their holdings transferred to Nippon India Liquid Fund. This means their investments will be subject to the features and performance of the liquid fund instead of the original fixed maturity structure. Investors should review the scheme details before the merger date.
The fund house has issued official notices regarding this merger, outlining the details and informing investors about their options. Those looking for further clarification can refer to the official communication from Nippon India Mutual Fund.
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.
Published on: Mar 20, 2025, 2:12 PM IST
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