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  • PGIM India Mutual Fund launches PGIM India Retirement Fund

Mar 26, 2024

Mutual Fund

PGIM India Mutual Fund launches PGIM India Retirement Fund

NFO period: 26th March – 09th April, 2024

Highlights of the NFO:

  • Scheme type – An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier)

  • Investment objective – The investment objective of the scheme is to provide capital appreciation and income to investors in line with their retirement goals by investing in a mix of securities comprising of equity, equity related instruments, REITs and InvITs, and fixed income securities. However, there is 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 long term capital appreciation by investing predominantly in equity and equity related instruments.

  • 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 Payout of Income Distribution cum Capital Withdrawal facility (IDCW-Payout).

  • Fund Managers – Mr. Vinay Paharia will manage the Equity Portion and Mr. Puneet Pal will manage Debt and REITs & InVITs portion

  • Benchmark – S&P BSE 500 TRI

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)