In compliance with SEBI's scheme rationalization guidelines, boards of Aditya Birla Sun Life AMC and Nippon India Mutual Fund have approved proposals to merge overlapping focused equity schemes into their respective flexi-cap categories.
The goal is to simplify product offerings for retail investors, lower total expense ratios by increasing scheme asset scale, and eliminate portfolio redundancy. Existing unit holders will receive a 30-day exit period without exit loads if they prefer not to participate in the merged scheme, which is capital gains tax-exempt.
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