Aditya Birla Sun Life Mutual Fund has announced the merger of its target maturity fund with the corporate bond fund. Aditya Birla Sun Life CRISIL IBX 60:40 SDL + AAA PSU - Apr 2025 Index Fund will be the merging scheme and Aditya Birla Sun Life Corporate Bond Fund will be the surviving scheme.

The merger shall be effective after the close of business hours on April 30, 2025. The fund house informed about this to its unitholders through a notice-cum-addendum.

Aditya Birla Sun Life CRISIL IBX 60:40 SDL + AAA PSU - Apr 2025 Index Fund is an open-ended Target Maturity Index Fund tracking the CRISIL IBX 60:40 SDL + AAA PSU Index – April 2025. A moderate interest rate risk and relatively low credit risk.

Aditya Birla Sun Life CRISIL IBX 60:40 SDL + AAA PSU - Apr 2025 Index Fund had an AUM of Rs 164 crore and Aditya Birla Sun Life Corporate Bond Fund has an AUM of Rs 25,293 crore as on February 28, 2025.