Powered by: Motilal Oswal
2025-03-25 03:31:32 pm | Source: Accord Fintech
Aditya Birla SL AMC announces merger proposal
Aditya Birla SL AMC announces merger proposal

Aditya Birla Sun Life AMC has announced that the Board of Directors of Aditya Birla Sun Life AMC (ABSLAMC), Investment Manager for Aditya Birla Sun Life Mutual Fund, and Aditya Birla Sun Life Trustee (ABSLTPL), Trustees to Aditya Birla Sun Life Mutual Fund have approved the merger proposal. The merger shall be effective after the close of business hours on Wednesday, April 30, 2025 (Effective Date). Merging Scheme: Aditya Birla Sun Life CRISIL IBX 60:40 SDL + AAA PSU - Apr 2025 Index Fund (An open ended Target Maturity Index Fund tracking the CRISIL IBX 60:40 SDL + AAA PSU Index -April 2025. A moderate interest rate risk and relatively low credit risk.); Surviving Scheme: Aditya Birla Sun Life Corporate Bond Fund (An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds. A relatively high interest rate risk and moderate credit risk).

This Notice-cum-Addendum forms an integral part of the SID/KIM issued for the Schemes, read with the addenda issued thereunder.

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here