Step 1: Magnetic field due to a short magnetic dipole.
The magnetic field due to a short magnetic dipole is
\[
\vec{B}=\frac{\mu_0}{4\pi d^3}\left[3(\vec{M}\cdot \hat{r})\hat{r}-\vec{M}\right]
\]
Let the two magnetic dipoles be along mutually perpendicular directions:
\[
\vec{M}_1=M\hat{i}
\]
and
\[
\vec{M}_2=M\hat{j}
\]
Step 2: Direction of the point on the angle bisector.
Since the point lies on the bisector of the right angle,
\[
\hat{r}=\frac{\hat{i}+\hat{j}}{\sqrt{2}}
\]
Step 3: Field due to first dipole.
For
\[
\vec{M}_1=M\hat{i}
\]
\[
\vec{M}_1\cdot \hat{r}=\frac{M}{\sqrt{2}}
\]
Therefore,
\[
\vec{B}_1=\frac{\mu_0}{4\pi d^3}
\left[
3\left(\frac{M}{\sqrt{2}}\right)
\left(\frac{\hat{i}+\hat{j}}{\sqrt{2}}\right)-M\hat{i}
\right]
\]
\[
\vec{B}_1=\frac{\mu_0}{4\pi d^3}
\left[
\frac{3M}{2}(\hat{i}+\hat{j})-M\hat{i}
\right]
\]
\[
\vec{B}_1=\frac{\mu_0}{4\pi d^3}
\left[
\frac{M}{2}\hat{i}+\frac{3M}{2}\hat{j}
\right]
\]
Step 4: Field due to second dipole.
For
\[
\vec{M}_2=M\hat{j}
\]
Similarly,
\[
\vec{B}_2=\frac{\mu_0}{4\pi d^3}
\left[
\frac{3M}{2}\hat{i}+\frac{M}{2}\hat{j}
\right]
\]
Step 5: Resultant magnetic field.
\[
\vec{B}=\vec{B}_1+\vec{B}_2
\]
\[
\vec{B}=\frac{\mu_0}{4\pi d^3}
\left[
2M\hat{i}+2M\hat{j}
\right]
\]
Magnitude is
\[
B=\frac{\mu_0}{4\pi d^3}
\sqrt{(2M)^2+(2M)^2}
\]
\[
B=\frac{\mu_0}{4\pi d^3}
\sqrt{8M^2}
\]
\[
B=\frac{\mu_0}{4\pi}\frac{2\sqrt{2}M}{d^3}
\]
Step 6: Final conclusion.
Hence, the magnetic field is
\[
\boxed{\frac{\mu_0}{4\pi}\frac{2\sqrt{2}M}{d^3}}
\]