Merger of Bandhan CRISIL IBX Gilt April 2026 Index Fund into Bandhan Short Duration Fund on NSE MF Invest Platform

Description

NSE informs members about the merger of Bandhan CRISIL IBX Gilt April 2026 Index Fund (merging scheme) into Bandhan Short Duration Fund (surviving scheme), effective after close of business on April 30, 2026. Investors may redeem or switch without exit load between April 1-30, 2026.

Summary

NSE has informed all members regarding the merger of Bandhan CRISIL IBX Gilt April 2026 Index Fund (the merging scheme) into Bandhan Short Duration Fund (the surviving scheme), covering all regular and direct plan options. The merger is effective after close of business hours on April 30, 2026, as sanctioned by Bandhan AMC Limited’s Board of Directors.

Key Points

• The merging scheme (Bandhan CRISIL IBX Gilt April 2026 Index Fund) will cease to exist after April 30, 2026
• The surviving scheme is Bandhan Short Duration Fund (formerly Bandhan Bond Fund - Short Term Plan)
• Six plan/option combinations are being merged: Regular and Direct plans across Growth, IDCW, and IDCW Reinvestment options
• Investors unwilling to participate in the merger may redeem or switch to other Bandhan Mutual Fund schemes without exit load during the exit window
• Existing SIP/XSIP/SWP will continue to be processed in the merging schemes during the exit load-free period
• After April 30, 2026, all SIP/XSIP/STP/SWP registered under the merging scheme will be automatically shifted to the surviving scheme

Regulatory Changes

The merger is being executed pursuant to a notice-cum-addendum (No. 15 of 2026) issued by Bandhan AMC Limited, approved by the Board of Directors of both the AMC and Bandhan Mutual Fund. NSE MF Invest platform will reflect the merged schemes after business hours on April 30, 2026.

Compliance Requirements

• NSE members must note and communicate the scheme merger details to relevant clients invested via the NSE MF Invest platform
• Investors wishing to exit must submit redemption or switch requests on NSE MF Invest platform before 3:00 PM on April 30, 2026
• No action is required for investors who wish to remain; their holdings will automatically migrate to the surviving scheme

Important Dates

• April 1, 2026: Start of exit load-free redemption/switch window
• April 30, 2026 (up to 3:00 PM): Deadline for exit load-free redemptions and switches
• April 30, 2026 (after close of business): Effective date of merger; merging scheme ceases to exist; SIP/XSIP/STP/SWP shifted to surviving scheme

Impact Assessment

Investors in the Bandhan CRISIL IBX Gilt April 2026 Index Fund across all six plan/option combinations are impacted. The merger transitions a maturing target maturity gilt index fund into a short duration fund, altering the interest rate risk and investment mandate for remaining investors. The exit window without load gives investors adequate time to reassess suitability. Systematic plan registrations (SIP/XSIP/STP/SWP) will continue uninterrupted but will be redirected to the surviving scheme post-merger. Platform-level changes on NSE MF Invest will take effect after April 30, 2026 business hours.

Scheme Mapping

Impact Justification

Affects investors in Bandhan CRISIL IBX Gilt April 2026 Index Fund across 6 plan/option combinations; provides exit window without load but limited to existing investors of those schemes.