Description
NSE informs members about the merger of Edelweiss NIFTY PSU Bond Plus SDL Apr 2026 50:50 Index Fund (merging scheme) into Edelweiss Banking and PSU Debt Fund (surviving scheme), effective April 30, 2026, with an exit load-free redemption/switch window from March 27 to April 27, 2026.
Summary
NSE has notified all trading members that Edelweiss Mutual Fund is merging the Edelweiss NIFTY PSU Bond Plus SDL Apr 2026 50:50 Index Fund (merging scheme) into the Edelweiss Banking and PSU Debt Fund (surviving scheme). The merger is effective April 30, 2026. Investors unwilling to continue in the surviving scheme may redeem or switch without exit load between March 27, 2026 and April 27, 2026 (both days inclusive) through the NSE MF Invest platform.
Key Points
- Merging scheme: Edelweiss NIFTY PSU Bond Plus SDL Apr 2026 50:50 Index Fund
- Surviving scheme: Edelweiss Banking and PSU Debt Fund
- Merger effective date: April 30, 2026
- Exit load-free redemption/switch window: March 27, 2026 to April 27, 2026 (both days inclusive)
- Existing SIP/XSIP/SWP will continue to be processed in the merging schemes during the exit load-free window
- All SIP/XSIP/STP/SWP registrations will be shifted to the surviving scheme on April 30, 2026
- 6 plan/option combinations are being merged (Direct and Regular plans across Growth and IDCW options)
Regulatory Changes
No new regulations introduced. This is an operational circular pursuant to a notice cum addendum issued by Edelweiss Trusteeship Company Limited approving the scheme merger under SEBI mutual fund regulations.
Compliance Requirements
- NSE members must inform their clients/investors who hold units in the merging schemes about the merger and the exit load-free window
- Investors not in favour of the merger must redeem or switch via NSE MF Invest platform before April 27, 2026 to avoid being migrated to the surviving scheme
- No action required by members beyond awareness and client communication
Important Dates
- March 27, 2026: Exit load-free redemption/switch window opens
- April 27, 2026: Last day of exit load-free redemption/switch window
- April 30, 2026: Merger effective date; merging schemes cease to exist; all SIP/XSIP/STP/SWP shift to surviving scheme
Impact Assessment
The merger impacts unit holders across six plan/option combinations of the Edelweiss NIFTY PSU Bond Plus SDL Apr 2026 50:50 Index Fund. Since this is a target-maturity index fund nearing its April 2026 maturity date, the merger is a planned wind-down into a comparable actively managed debt fund. The impact is moderate — investors who preferred the passive, target-maturity structure will be shifted to an active Banking & PSU Debt Fund unless they opt out. The exit load waiver mitigates the financial impact of switching. Systematic plan holders (SIP/XSIP/STP/SWP) will be automatically migrated, requiring proactive review by investors who do not wish to continue.
Scheme Mapping
| Merging ISIN | Merging Scheme | Surviving ISIN | Surviving Scheme |
|---|---|---|---|
| INF754K01MD1 | Direct Plan - Growth | INF843K01FC8 | Direct Plan - Growth |
| INF754K01MF6 | Direct Plan - IDCW | INF843K01FE4 | Direct Plan - IDCW |
| INF754K01ME9 | Direct Plan - IDCW | INF843K01FD6 | Direct Plan - IDCW |
| INF754K01LZ6 | Regular Plan - Growth | INF843K01FK1 | Regular Plan - Growth |
| INF754K01MA7 | Regular Plan - IDCW | INF843K01FL9 | Regular Plan - IDCW |
| INF754K01MB5 | Regular Plan - IDCW | INF843K01FM7 | Regular Plan - IDCW |
Impact Justification
Affects existing unit holders in Edelweiss NIFTY PSU Bond Plus SDL Apr 2026 schemes across 6 plan/option combinations; provides a defined exit window and clear migration timeline, but limited to a specific AMF's debt fund investors.