MUTUAL FUNDS
PGIM India MF introduces Balanced Advantage Fund
Jan-15-2021

PGIM India Mutual Fund (MF) has launched the PGIM India Balanced Advantage Fund, an open-ended dynamic asset allocation fund. The NFO opens for subscription on January 15, 2021 and closes on January 29, 2021. Entry load will not be applicable for the scheme. 10% of the units allotted may be redeemed/switched-out to debt schemes without any exit load within 90 days from the date of allotment. Any redemptions/switch-outs in excess of the abovementioned limit would be subject to an exit load of 0.50%, if the units are redeemed/switched-out to debt schemes within 90 days from the date of allotment of units; Exit load will be nil if the units are redeemed/ switched-out after 90 days from the date of allotment of units; No exit load will be charged for switches and STP into any open-ended equity scheme, hybrid scheme and fund of funds scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against its performance to CRISIL Hybrid 50+50 Moderate Index and its fund manager are Aniruddha Naha, Kumaresh Ramakrishnan and Anandha Padmanabhan.

The investment objective of the scheme is to provide capital appreciation and income distribution to the investors by dynamically managing the asset allocation between 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.

  RELATED NEWS >>