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Investors who wish to remain invested will need to submit their consent with the AMC by April 8. Money will be returned to investors who do not give consent.
“Given the current interest rate scenario, the merger may help investors to take advantage of the prevailing higher interest rates,” said the fund house in a notice to investors.
The yield to maturity of the Bharat Bond April 2030 series is 7.33%, indicating investors can earn a similar return minus the expense ratio. A five-year fixed deposit from HDFC Bank pays 7%, while that from State Bank of India pays 6.75%.
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https://economictimes.indiatimes.com/mf/analysis/edelweiss-amc-to-merge-two-bharat-bond-etfs/articleshow/118796919.cms
