MUTUAL FUNDS
PGIM India Mutual Fund files offer document for Balanced Advantage Fun
Aug-06-2020

PGIM India Mutual Fund has filed offer document with SEBI to launch an open ended dynamic asset allocation fund named ‘PGIM India Balanced Advantage Fund’.The New Fund Offer price is Rs 10 per unit. Entry load and exit load will be nil. The scheme currently offers growth and dividend option and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance for schemes will be benchmarked against CRISIL Hybrid 50 plus 50 Moderate Index. The minimum application amount for initial purchase is Rs 5000 each and in multiples of Re 1 thereafter.

The investment objective of the scheme seeks to provide  capital  appreciation  and  income distribution  to  the  investors  by  dynamically  managing  the  asset  allocation  equity  and  fixed income using equity derivatives strategies, arbitrage opportunities and pure equity investments. The Scheme  seeks  to  reduce  the  volatility  by  diversifying  the  assets  across  equity  and  fixed income.

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