BSE has informed members that HDFC Mutual Fund will merge HDFC Arbitrage Fund - Retail Plan (Transferor Scheme) into HDFC Arbitrage Fund - Wholesale Plan (Transferee Scheme) effective May 22, 2026, after close of business hours. Additionally, the Transferee Scheme will be renamed to HDFC Arbitrage Fund from the same date.

Key Points

• Merger effective date: May 22, 2026, after close of business hours
• Investors unwilling to participate in the merger may redeem or switch without exit load by May 21, 2026
• Fresh subscriptions (lump sum, SIP/XSIP, Switch-in, STP-in) continue to be accepted in the Transferor Scheme during the exit load period
• Demat mode transactions accepted up to May 19, 2026; Non-Demat mode up to May 21, 2026
• Existing SIP/XSIP/STP/SWP registrations will be automatically migrated to corresponding Plan/Option of Transferee Scheme after May 22, 2026
• HDFC Arbitrage Fund - Wholesale Plan will be renamed to HDFC Arbitrage Fund from May 22, 2026

Regulatory Changes

• Scheme name change: HDFC Arbitrage Fund - Wholesale Plan will be renamed HDFC Arbitrage Fund effective May 22, 2026
• Automatic migration of all systematic registrations from Transferor to Transferee Scheme as per the attached Annexure

Compliance Requirements

• Members and investors must note the transaction acceptance deadlines for Demat (May 19, 2026) and Non-Demat (May 21, 2026) modes on BSE StAR MF Platform
• Investors who do not wish to continue systematic investment facilities post-merger must apply for cancellation of such registrations before the merger effective date
• Members are advised to refer to the attached Annexure and Notice-cum-Addendum for complete scheme details

Important Dates

• May 19, 2026: Last date for Demat mode subscription transactions in Transferor Scheme on BSE StAR MF Platform
• May 21, 2026: Last date for Non-Demat mode subscription transactions; also last date for exit load-free redemption/switch-out for dissenting investors
• May 22, 2026: Merger effective date (after close of business hours); systematic registrations migrated; Transferee Scheme renamed to HDFC Arbitrage Fund

Impact Assessment

This merger primarily impacts existing investors in HDFC Arbitrage Fund - Retail Plan. Investors who remain will have their holdings and systematic registrations automatically transitioned to the Wholesale Plan (to be renamed HDFC Arbitrage Fund). Dissenting investors have a clear exit window until May 21, 2026, without exit load charges. The operational impact on BSE StAR MF Platform members is moderate, requiring awareness of revised transaction deadlines and scheme migration details.