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News PGIM India Mutual Fund launches PGIM India Global Select Real Estate Securities Fund of Fund
Nov 15, 2021
Mutual Fund
PGIM India Mutual Fund launches PGIM India Global Select Real Estate Securities Fund of Fund
NFO period: 15th November - 29th November, 2021
Highlights of the NFO:
- Scheme type - An open-ended equity fund of fund scheme investing in PGIM Global Select Real Estate Securities Fund
- Investment objective - The primary investment objective of the scheme is to generate long term capital appreciation from investing in the units of PGIM Global Select Real Estate Securities Fund, which primarily invests in REITs and equity and equity related securities of real estate companies located throughout the world. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not guarantee/ indicate any returns.
- Product suitability - The product is suitable for investors who are seeking capital appreciation over a longer term by investing in units of overseas mutual funds that invest in equity and equity related securities of real estate companies located throughout the world.
- Minimum Application Amount - First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter
- Plan/ Options available - Regular Plan & Direct Plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option. IDCW Option has the following two facilities: Payout of Income Distribution cum Capital Withdrawal facility (IDCW-Payout) and Reinvestment of Income Distribution cum Capital Withdrawal facility (IDCW-Reinvestment).
- Fund Managers - Mr. Ravi Adukia
- Benchmark - FTSE EPRA/NAREIT Developed Index
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
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