MFIs/MFDs/RIAs are hereby informed that we have received communication from SBI Mutual Fund regarding merger of SBI Dynamic Asset Allocation Fund (Transferor Scheme) into SBI Debt Hybrid Fund (Transferee Scheme). The merger shall be effective from July 02, 2021.

Consequently, SBI AMC confirmed that fresh subscription through lumpsum investment/Switch In//STP In/SIP shall not be accepted in the Transferor scheme with effect from June 03, 2021.

Further, as per the communication received from SBI AMC investor who are not in favour of the above scheme merger can redeem their investments or switch to other Schemes of SBI Mutual Fund available for subscription without payment of exit load within a period of 30 days starting from June 03, 2021 to July 02, 2021 (Both days inclusive & up to 3:00pm on July 02, 2021) through BSE StAR MF platform.

Also, as confirm by SBI AMC, the existing SIP/XSIP/STP/SWP will continue to get processed in the Transferor scheme i.e. under SBI Dynamic Asset Allocation Fund.

Further, with effect from July 02, 2021 after 3:00pm the Transferor schemes shall cease to exist & SIP/XSIP/STP/SWP registered will get shifted to Transferee scheme i.e. SBI Debt Hybrid Fund.

The details of the schemes are attached in Annexure.

Ketan Jantre                                                Zeeta Eustace

Sr. General Manager – Mutual Funds       Asst. General Manager – Mutual Funds