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.