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Navi Mutual Fund has announced the merger of Navi Nifty 50 ETF (merging scheme) into Navi Nifty 50 Index Fund (surviving scheme). The merger will take effect on November 30, 2024.
The merging scheme will be delisted from stock exchanges on November 29, 2024 post closure of business hours. Unit holders of merging scheme who do not agree with the merger may redeem their units or switch to other schemes without paying any exit load from October 28 to November 29, 2024.
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