MUTUAL FUNDS
PGIM India Asset Management (AMC) announces removal of exit load for switch from regular plan to direct plan
Apr-21-2025

PGIM India Mutual Fund has informed about the following revised paragraph under the heading ‘Switching Options’ - ‘(b) Intra- Scheme Switching option’ of Statement of Additional Information (SAI) and under the heading ‘Exit Load for switches within the Scheme’ of SID of all the schemes of PGIM India Mutual Fund with effect from April 21, 2025:-

• Where the investments are routed through a distributor (i.e. made with distributor code) any Switch of Units from the Regular Plan to Direct Plan shall not be subject to applicable exit load; However, after the switch, exit load prevailing on the date of the switch shall apply for subsequent redemption from the Direct Plan. 

• Where investments are made directly i.e. without any distributor code, exit load will not be levied on switch of Units from Regular Plan to Direct Plan. In such cases, after the switch, exit load prevailing on the date of the switch shall apply for subsequent redemption from Direct Plan, if any;

• No exit load shall be levied in case of switch of Units from Direct Plan to Regular Plan. However, after the switch, exit load prevailing on the date of the switch shall apply for subsequent redemption from the Regular Plan. 

The Switches would be done at the Applicable NAV based prices and the difference between the NAVs of the two Plans/Options will be reflected in the number of units allotted.


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