MUTUAL FUNDS
PGIM India AMC informs about provisions pertaining to swing pricing disclosure
Nov-11-2024

PGIM India Asset Management (AMC) has announced Addendum to the Scheme Information Documents (SID), Key Information Memorandums (KIM) of Debt Schemes and Statement of Additional Information (SAI) of PGIM India Mutual Fund.

PGIM India Mutual Fund has informed that pursuant to AMFI communication dated November 4, 2024, the following additional provisions pertaining to Swing Pricing disclosure shall form part of SID of various debt Schemes and SAI of the Mutual Fund (except overnight funds, Gilt funds and Gilt with 10-year maturity funds).

Swing Pricing - Triggering Swing Pricing on re-opening of a scheme after announcement of winding up: In case the Scheme wind up in future and the AMC reverse the decision of such winding up post announcement, the Scheme shall mandatorily invoke the swing pricing upon re-opening subscriptions and redemption. The indicative range of swing pricing for the parameter of ‘Re-opening of the scheme after announcement of Winding -Up’ shall be the same as applicable for swing pricing during normal times as mentioned in AMFI Guidelines and shall be for higher of swing period as may be decided by the Board of AMC or for a minimum of 7 working days as per AMFI Guidelines as amended from time to time. 

This Notice cum Addendum forms an integral part of SID(s) and KIM(s) of the Eligible Schemes and SAI of the Mutual Fund, as amended from time to time. All the other terms and conditions of the SIDs and KIMs of the above-mentioned Schemes and SAI of the Mutual Fund except as specifically modified herein above remain unchanged.


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