Description

Merger of Aditya Birla Sun Life CRISIL-IBX AAA NBFC-HFC Index Dec 2025 Fund schemes into CRISIL-IBX Financial Services 9-12 Months Debt Index Fund schemes on BSE StAR MF Platform.

Summary

BSE has announced the merger of four schemes of Aditya Birla Sun Life Mutual Fund on the BSE StAR MF Platform. The CRISIL-IBX AAA NBFC-HFC Index Dec 2025 Fund schemes (both Regular and Direct plans, Growth and IDCW options) will be merged into the corresponding CRISIL-IBX Financial Services 9-12 Months Debt Index Fund schemes.

Key Points

  • Four transferor schemes (CRISIL-IBX AAA NBFC-HFC Index Dec 2025 Fund) being merged into four transferee schemes (CRISIL-IBX Financial Services 9-12 Months Debt Index Fund)
  • Merger covers both Regular Plan and Direct Plan variants
  • Both Growth and IDCW Payout options included in the merger
  • All schemes are debt index funds managed by Aditya Birla Sun Life Mutual Fund
  • Merger involves change from NBFC-HFC focused fund to broader Financial Services sector fund

Scheme Mapping Details

Regular Plan - Growth

  • Transferor: INF209KC1274 (ADITYA BIRLA SUN LIFE CRISIL-IBX AAA NBFC-HFC INDEX DEC 2025 FUND - REGULAR PLAN - GROWTH)
  • Transferee: INF209KC1514 (ADITYA BIRLA SUN LIFE CRISIL-IBX FINANCIAL SERVICES 9-12 MONTHS DEBT INDEX FUND - REGULAR PLAN GROWTH)

Direct Plan - Growth

  • Transferor: INF209KC1258 (ADITYA BIRLA SUN LIFE CRISIL-IBX AAA NBFC-HFC INDEX DEC 2025 FUND - DIRECT PLAN - GROWTH)
  • Transferee: INF209KC1498 (ADITYA BIRLA SUN LIFE CRISIL-IBX FINANCIAL SERVICES 9-12 MONTHS DEBT INDEX FUND - DIRECT PLAN GROWTH)

Regular Plan - IDCW Payout

  • Transferor: INF209KC1282 (ADITYA BIRLA SUN LIFE CRISIL-IBX AAA NBFC-HFC INDEX DEC 2025 FUND - REGULAR PLAN - IDCW PAYOUT)
  • Transferee: INF209KC1522 (ADITYA BIRLA SUN LIFE CRISIL-IBX FINANCIAL SERVICES 9-12 MONTHS DEBT INDEX FUND - REGULAR PLAN IDCW PAYOUT)

Direct Plan - IDCW Payout

  • Transferor: INF209KC1266 (ADITYA BIRLA SUN LIFE CRISIL-IBX AAA NBFC-HFC INDEX DEC 2025 FUND - DIRECT PLAN - IDCW PAYOUT)
  • Transferee: INF209KC1506 (ADITYA BIRLA SUN LIFE CRISIL-IBX FINANCIAL SERVICES 9-12 MONTHS DEBT INDEX FUND - DIRECT PLAN IDCW PAYOUT)

Regulatory Changes

No new regulatory changes introduced. This is a scheme consolidation activity under existing mutual fund regulations.

Compliance Requirements

  • BSE StAR MF Platform participants should update their systems to reflect the scheme merger
  • Investors in the transferor schemes will be automatically moved to the corresponding transferee schemes
  • ISIN codes will change for all affected investors
  • Fund houses and distributors should ensure proper communication to affected unitholders

Important Dates

  • Circular Date: December 4, 2025
  • Specific merger effective date not mentioned in the circular content provided

Impact Assessment

Impact on Investors: Existing unitholders of the CRISIL-IBX AAA NBFC-HFC Index Dec 2025 Fund will see their investments transferred to the CRISIL-IBX Financial Services 9-12 Months Debt Index Fund. This represents a shift from a fund focused on AAA-rated NBFC-HFC debt maturing in December 2025 to a broader financial services sector debt index fund with 9-12 month maturity profile.

Market Impact: Minimal direct market impact as this is an internal scheme reorganization. The merger consolidates similar debt index fund offerings under the Aditya Birla Sun Life umbrella.

Operational Impact: BSE StAR MF Platform users and intermediaries need to update ISIN mappings and ensure seamless transition for affected investors.

Impact Justification

Scheme merger affects existing investors in the transferor schemes but is a routine consolidation activity. Medium importance for affected unitholders who need to be aware of the transfer to the new scheme.