Nippon India Mutual Fund Announces Scheme Mergers

Nippon India Mutual Fund has announced the merger of 4 of its close-ended schemes, effective from April 23, 2025. The schemes being merged are Nippon India Quarterly Interval Series III, Nippon India Quarterly Interval Series II, and Nippon India Quarterly Interval Series I, all of which will merge into Nippon India Liquid Fund.

Details of the Merger

Following this merger, Nippon India Quarterly Interval Series III, Nippon India Quarterly Interval Series II, and Nippon India Quarterly Interval Series I will no longer exist as separate schemes. Instead, investors holding units in these schemes will automatically become unit holders of the Nippon India Liquid Fund from the merger’s effective date.

Impact on Investors

The merger implies a direct shift in investors’ holdings from their existing interval schemes to Nippon India Liquid Fund. Post-merger, their investments will follow the objectives and investment strategy of Nippon India Liquid Fund, which primarily invests in money market and short-term debt instruments. 

Exit and Switch Option

For investors who do not wish to participate in this merger, Nippon India Mutual Fund has provided an exit window. Investors can redeem or switch their investments to other available schemes without incurring any exit load charges. This window will remain open from March 24, 2025, to April 22, 2025. After this period, normal exit load provisions, if applicable, will resume.

Scheme Information Post-Merger

Once the merger is complete, Nippon India Liquid Fund will incorporate the assets and liabilities of the merged interval schemes. This integration will result in the combined management of assets previously managed individually under the quarterly interval schemes. Investors joining Nippon India Liquid Fund will experience daily liquidity and an investment approach focused on short-term instruments.

Conclusion

Investors to consider the merger details and timelines carefully. The merger aims to consolidate the mutual fund’s product offerings without expressing a stance on the merits of the resulting 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, so read all the related documents carefully before investing.