Merger of AXIS AAA Bond Plus SDL ETF 2026 Maturity Fund of Fund into AXIS CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund

Description

BSE notice regarding the merger of AXIS AAA BOND PLUS SDL ETF - 2026 MATURITY FUND OF FUND into AXIS CRISIL IBX 50:50 GILT PLUS SDL JUNE 2028 INDEX FUND. Issued by the Trading Operations department under the Mutual Fund segment.

Summary

BSE has issued Notice No. 20260415-20 dated April 15, 2026, informing market participants of the merger of AXIS AAA BOND PLUS SDL ETF - 2026 MATURITY FUND OF FUND into AXIS CRISIL IBX 50:50 GILT PLUS SDL JUNE 2028 INDEX FUND. The notice is issued by the Trading Operations department under the Mutual Fund segment and is accompanied by a Notice-cum-Addendum and an Annexure.

Key Points

• The merging scheme is AXIS AAA BOND PLUS SDL ETF - 2026 MATURITY FUND OF FUND (a Fund of Fund structure investing in an ETF).
• The surviving/acquiring scheme is AXIS CRISIL IBX 50:50 GILT PLUS SDL JUNE 2028 INDEX FUND.
• The merger extends the effective maturity profile of the merged fund from 2026 to June 2028.
• The notice is categorized under Trading / Mutual Fund / Trading Operations on BSE.
• Attachments include a Notice-cum-Addendum and an Annexure with detailed terms.

Regulatory Changes

The scheme merger constitutes a fundamental attribute change for existing unit holders of AXIS AAA BOND PLUS SDL ETF - 2026 MATURITY FUND OF FUND. As per SEBI regulations, unit holders are typically provided an exit window before such mergers take effect. The Notice-cum-Addendum attached to this circular would contain the specific regulatory details and SEBI approval references.

Compliance Requirements

• Brokers and distributors on the BSE STAR MF platform should update their systems to reflect the scheme merger.
• Existing unit holders of the merging scheme should review the Notice-cum-Addendum for exit window details and any action required.
• Trading members should note any changes to ISIN codes or scheme codes on the BSE STAR MF platform as communicated in the annexure.

Important Dates

• Notice Date: April 15, 2026
• Specific effective date of merger, exit window open/close dates, and record date are detailed in the attached Notice-cum-Addendum and Annexure (refer to the PDF attachment).

Impact Assessment

This merger primarily impacts retail and institutional investors holding units of AXIS AAA BOND PLUS SDL ETF - 2026 MATURITY FUND OF FUND through the BSE STAR MF platform. The transition to a June 2028 maturity index fund changes the investment horizon by approximately two years, which may not align with all investors’ original maturity preferences. The impact is moderate — existing investors have a defined exit option, but those who remain will be exposed to a longer duration debt instrument. BSE member firms and distributors will need to update their records accordingly.

Impact Justification

Fund merger affects existing unit holders of AXIS AAA BOND PLUS SDL ETF 2026 Maturity Fund of Fund who will be transitioned to a different scheme with a longer maturity horizon (June 2028). Impacts investors in the Mutual Fund segment on BSE STAR MF platform.