Description

Three schemes of ABSL Interval Income Quarterly Series 1 are merging into corresponding plans of ABSL CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund on BSE StAR MF platform.

Summary

BSE has announced the merger of three Aditya Birla Sun Life (ABSL) Interval Income Quarterly Series 1 schemes into the ABSL CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund. The merger involves both Regular and Direct plan variants with their respective IDCW Payout and Growth options.

Key Points

  • Three merging schemes from ABSL Interval Income Quarterly Series 1
  • Surviving schemes are under ABSL CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund
  • Both Regular and Direct plans affected
  • IDCW Payout and Growth options included in merger
  • ISIN codes mapped for seamless transition

Scheme Merger Details

Merging Schemes:

  1. ABSL INTERVAL INCOME-QTLY-S1-REGULAR IDCW PAYOUT (INF209K01HO3)

    • Merging into: ABSL CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund - Regular Plan - IDCW Payout (INF209KC1480)

  2. ABSL INTERVAL INCOME-QTLY-S1-REGULAR GROWTH (INF209K01HN5)

    • Merging into: ABSL CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund - Regular Plan - Growth (INF209KC1472)

  3. ABSL INTERVAL INCOME-QTLY-S1-DIRECT GROWTH (INF209K01YQ3)

    • Merging into: ABSL CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund - Direct Plan - Growth (INF209KC1456)

Impact Assessment

For Investors:

  • Existing unitholders of merging schemes will be allotted units in corresponding surviving schemes
  • Transition from interval fund structure to debt index fund structure
  • Change in investment strategy from interval income to index-based debt investing
  • May affect liquidity patterns and return profiles

For Market:

  • Consolidation of ABSL mutual fund schemes
  • Part of industry trend towards simplified product offerings
  • No direct impact on stock market operations

Impact Justification

Affects investors in three ABSL interval income schemes being merged into debt index fund schemes. Important for scheme holders but limited broader market impact.