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Types of PGIM India Mutual Funds

  • Equity Funds
  • Debt Funds
  • Hybrid Funds
  • International FoF


Equity Funds

In an equity fund, the investor can deposit in stocks rather than individual securities. Otherwise known as stock funds, the equity funds are categorised according to the portfolio, and the company size and geography. The price of the equity fund changes according to the net asset value (NAV). There are 5 types of equity funds under PGIM India. They are

  • PGIM India Large Cap Fund
  • PGIM India Diversified Equity Fund
  • PGIM India Midcap Opportunities Fund
  • PGIM India Long Term Equity Fund
  • PGIM India Arbitrage Fund

PGIM India Large Cap Fund

This scheme allows the investor to invest in large-cap stocks. This scheme will be the best option for those investors who are looking for capital growth in the long run. The investment will be made predominantly in the equity securities of large-cap companies.

Asset Allocation

The normal asset allocation will be as follows.

InstrumentsMinimum MaximumRisk %
Large Cap Companies Equity Instruments80 %100 %Medium-High
Other Companies Equity Instruments0 %20 %Medium-High
Money Market Instruments, and Debt Securities0%20 %Low-Medium

Features

  • The inception date is 21 Jan 2003
  • The Benchmark for the scheme is Nifty 50 TR Index
  • The minimum application amount is Rs 5000 and for additions after that, the amount will be in multiples of Rs 1
  • The minimum additional amount is Rs 1000
  • The face value is Rs 10 per unit
  • The exit load is 1 %
  • The AUM is 152.04 Crore
  • The fund manager for the scheme is Mr Alok Agarwal
  • The scheme offers two plans namely direct plan and regular plan each having two options viz. growth option and dividend option

Investment Securities

The scheme will invest in the below-listed securities

  • Convertible bonds, Warrants that have the authority to obtain equity shares, and debentures
  • Central and State Government issued securities
  • Central and State Government guaranteed securities including treasury bills, coupon bearing bonds, etc
  • Debt securities issued by statutory bodies and domestic Government agencies which may or may not have a central or state Government guarantee
  • Securities issued by financial institutions and banks as permitted by the Security Exchange Board Of India
  • Corporate debt securities
  • SEBI permitted Money market instruments having a maturity of one year
  • Commercial paper and certificate of deposits
  • Derivative instruments such as forward rate agreements, and others as permitted by SEBI
  • The convertible securities non-convertible part
  • Any abroad debt instruments, if permitted by SEBI
  • Any GDR’s of overseas Indian company
  • Any other instruments permitted by SEBI, or RBI

Eligibility

  • Any Indian resident
  • Hindu Undivided Family (HUF)
  • Resident Indian Minors through their parents or Guardians
  • Partnership Firms
  • Companies, PSU, Bodies of individuals
  • Banks and other Financial institutions as permitted by RBI
  • Charitable Trusts
  • Foreign portfolio investors
  • Research organizations by RBI or Government Of India

PGIM India Diversified Equity Funds

This scheme is good for those investors who are looking to generate income by investing in a diversified portfolio of equity-related instruments which includes derivatives. The risk factor is moderately high for this scheme.

Asset Allocation

InstrumentsMinimum MaximumRisk %
Equity & Equity Related Instruments65%100%High
Cash, Debt securities, Money Market, Liquid & Debt schemes of PMIG0%35%Low-Medium

Features

  • The inception date is 04 March 2015
  • The Benchmark for this scheme is S&P BSE 200 TR
  • The minimum application amount is Rs 5000 and for additions after that, the amount will be in multiples of Rs 1
  • The minimum additional amount is Rs 1000
  • If the units are redeemed before 365 days, then the exit load will be 1% and after 365 days the exit load is nil
  • The face value is Rs 10 per unit
  • The scheme type is open ended
  • The entry load is 1%
  • The fund manager is Mr Aniruddha Naha

Investment Securities

Under this scheme, the investors can invest in the below-listed securities

  • Indian Equity Securities including convertible bonds, Warrants that have the authority to obtain equity shares, and debentures
  • Central and State Government-issued securities and guaranteed securities including treasury bills, coupon bearing bonds, etc
  • Debt securities issued by statutory bodies and domestic Government agencies which may or may not have a central or state Government guarantee
  • Corporate debt securities
  • SEBI permitted Money market instruments having a maturity of one year
  • Securities issued by financial institutions and banks as permitted by the Security Exchange Board Of India
  • Commercial paper and certificate of deposits
  • Any abroad debt instruments, if permitted by SEBI
  • Any GDR’s of overseas Indian company
  • Any other instruments permitted by SEBI, or RBI
  • Derivative instruments such as forward rate agreements, and others as permitted by SEBI
  • The convertible securities non-convertible part

Eligibility

  • Any Indian resident
  • Partnership Firms
  • Companies, PSU, Bodies of individuals.
  • Foreign portfolio investors.
  • Research organizations by RBI or Government Of India.
  • Hindu Undivided Family (HUF)
  • Resident Indian Minors through their parents or Guardians.
  • Banks and other Financial institutions as permitted by RBI
  • Charitable Trusts

PGIM India Midcap Opportunities Fund

In this fund, the investors can invest in midcap stocks according to their financial requirements. The fund manager will select equity securities by stock basis, and referring to other ratios, margins, assets, financial conditions of the companies, etc. The risk factor is moderately high for this scheme.

Asset Allocation

InstrumentsMinimum MaximumRisk %
Equity & Equity Related Instruments65%100%High
Cash, Debt securities, Money Market, Liquid & Debt schemes of PMIG0%35%Low-Medium
Equity And Related securities of other companies0%35%High

Features

  • The inception date is on the 2nd December 2013
  • The benchmark index is Nifty Midcap 100 TR
  • The minimum application amount is Rs 5000 and in multiples of 1 for every 100 units
  • The minimum additional amount is Rs 1000 and will be in multiples of 1 for every 100 units
  • If the units are redeemed before 365 days, then the exit load will be 1 % and for after 365 days the exit load is nil
  • The face value is Rs 10 per unit
  • The fund manager is Mr Aniruddha Naha

Investment Securities

The units can be invested in the below-listed securities.

  • Debt securities issued by statutory bodies and domestic Government agencies which may or may not have a central or state Government guarantee
  • SEBI permitted Money market instruments having a maturity of one year
  • Indian Equity Securities including convertible bonds, Warrants that have the authority to obtain equity shares, and debentures
  • Central and State Government-issued securities and guaranteed securities including treasury bills, coupon bearing bonds, etc
  • Corporate debt securities
  • Securities issued by financial institutions and banks as permitted by the Security Exchange Board Of India
  • Any other instruments permitted by SEBI, or RBI
  • Derivative instruments such as forward rate agreements, and others as permitted by SEBI
  • The convertible securities non-convertible part
  • Commercial paper and certificate of deposits
  • Any abroad debt instruments, if permitted by SEBI
  • Any GDR’s of overseas Indian company

Eligibility

  • Any Indian resident
  • Companies, PSU, Bodies of individuals
  • Foreign portfolio investors
  • Partnership Firms
  • Research organizations by RBI or Government Of India
  • Hindu Undivided Family (HUF)
  • Resident Indian Minors through their parents or Guardians
  • Banks and other Financial institutions as permitted by RBI
  • Charitable Trusts and societies under the Government Of India

PGIM India Long Term Equity Fund

This equity fund scheme is an open-ended savings scheme with a lock-in period of 3 years and also has tax benefits. This scheme is suitable for those investors who want to get long-term capital appreciation. By investing in the equity securities, the investor can avail deduction from the total income as per the Income Tax Act, 1961. The risk factor is moderately high for this scheme.

Asset Allocation

InstrumentsMinimum MaximumRisk %
Equity & Equity Related Instruments80%100%High
Cash, Money Market, Liquid & Debt schemes of PMIG0%20%Low-Medium

Features

  • The inception date is 11th December 2015
  • The benchmark index is S&P BSE 200 TR
  • The minimum application amount is Rs 500 and after that the multiples of the same for every addition
  • The minimum additional amount is Rs 500 and multiples of that for additional units
  • No Exit Load
  • The face value per unit is Rs 10
  • The fund manager is Mr Avinash Agarwal

Investment Securities

The units can be invested in the below-listed securities.

  • SEBI permitted Money market instruments having a maturity of one year
  • Debt securities issued by statutory bodies and domestic Government agencies which may or may not have a central or state Government guarantee
  • Indian Equity Securities including convertible bonds, Warrants that have the authority to obtain equity shares, and debentures
  • Corporate debt securities
  • Securities issued by financial institutions and banks as permitted by the Security Exchange Board Of India
  • Any other instruments permitted by SEBI, or RBI
  • The convertible securities non-convertible part
  • Commercial paper and certificate of deposits
  • Any overseas debt instruments, if permitted by SEBI
  • Any GDR’s of an overseas Indian company
  • Central and State Government-issued securities and guaranteed securities including treasury bills, coupon bearing bonds, etc
  • Derivative instruments such as forward rate agreements, and others as permitted by SEBI

Eligibility

  • Any Indian resident
  • Companies, PSU, Bodies of individuals
  • Hindu Undivided Family (HUF)
  • Resident Indian Minors through their parents or Guardians
  • Banks and other Financial institutions as permitted by RBI
  • Charitable Trusts and societies under the Government Of India
  • Foreign portfolio investors
  • Partnership Firms
  • Research organizations by RBI or Government Of India

PGIM India Arbitrage Fund

This is an open-ended scheme in which the investor can invest in arbitrage opportunities. It generates income over short term. This scheme is best for investors who are looking for income through arbitrage opportunities between equity derivatives market and equity spot. Since the risk factor is comparatively low with other schemes, investors can take the risk without any doubt.

Asset Allocation

InstrumentsMinimum MaximumRisk %
Equity & Equity Related Instruments including stock derivate and Index65%100%High
Money Market and Debt instruments0%35%Low-Medium

Features

  • The inception date is on 27th August 2014
  • The benchmark index is Nifty 50 Arbitrage TR
  • The minimum application amount is Rs 5000 and thereafter it will be in multiples of 1
  • The minimum additional amount is Rs 1000 and thereafter in multiples of 1 for every 100 units
  • The exit load is .50 if redeemed before 30 days
  • The face value is Rs 10 per unit
  • The scheme offers two options namely regular plan and direct plan

Investment Securities

The scheme will invest in the below-listed securities

  • li Debt securities issued by statutory bodies and domestic Government agencies which may or may not have a central or state Government guarantee
  • Securities issued by financial institutions and banks as permitted by the Security Exchange Board Of India
  • Convertible bonds, Warrants that have the authority to obtain equity shares, and debentures
  • Central and State Government-issued securities
  • Central and State Government guaranteed securities including treasury bills, coupon-bearing bonds, etc
  • Corporate debt securities
  • The convertible securities non-convertible part
  • Any abroad debt instruments, if permitted by SEBI
  • Any GDR’s of an overseas Indian company
  • Any other instruments permitted by SEBI, or RBI
  • SEBI permitted Money market instruments having a maturity of one year
  • Commercial paper and certificate of deposits
  • Derivative instruments such as forward rate agreements, and others as permitted by SEBI

Eligibility

  • Any Indian resident
  • Hindu Undivided Family (HUF)
  • Banks and other Financial institutions as permitted by RBI
  • Charitable Trusts
  • Foreign portfolio investors
  • Research organizations by RBI or Government Of India
  • Resident Indian Minors through their parents or Guardians
  • Partnership Firms
  • Companies, PSU, Bodies of individuals


Debt securities assures regular income which is good for investors who are not ready to take high risk in the capital market. When compared to equity, debt funds are safe, secured, and risk-free funds that offers steady income. The different types of debt funds available with PGIM India are

PGIM India Insta Cash Fund

This scheme is suitable for those who want to generate income in a short period of time. The risk factor is low as the maturity of the securities is up to 91 days only.

Asset Allocation

InstrumentsMinimum MaximumRisk %
Debt and Money Market Instruments0%100%Low-Medium

Features

  • The benchmark index is CRISIL Liquid Fund
  • The minimum application amount is Rs 5000 and thereafter in multiples of Rs 1
  • The minimum additional amount is Rs 1000 and thereafter in multiples of Rs 1
  • No exit load

Investment Securities

  • The state government and central government-issued securities
  • Central and State Government guaranteed securities
  • Debt securities issued by statutory bodies and domestic Government agencies which may or may not have a central or state Government guarantee
  • Securities issued by financial institutions and banks as permitted by SEBI
  • Corporate debt securities
  • Certificate of deposit
  • Commercial Paper
  • SEBI permitted Money market instruments having a maturity of one year
  • Commercial paper and certificate of deposits
  • Derivative instruments such as forward rate agreements, and others as permitted by SEBI
  • Bank deposits and other corporate bodies as permitted by SEBI
  • Schemes managed by AMC or launched by SEBI
  • The convertible securities non-convertible part
  • Any abroad debt instruments, if permitted by SEBI

Eligibility

  • Any Indian resident
  • Hindu Undivided Family (HUF)
  • Resident Indian Minors through their parents or Guardians
  • Partnership Firms
  • Companies, PSU, Bodies of individuals
  • Banks and other Financial institutions as permitted by RBI
  • Charitable Trusts
  • Foreign portfolio investors
  • Research organizations by RBI or Government Of India

PGIM India Low Duration Fund

This scheme is an open-ended debt scheme where the investors can invest in instruments for a short duration between 6 months and 12 months. The risk factor is moderate for this scheme.

Asset Allocation

InstrumentsMinimum MaximumRisk %
Debt and Money Market Instruments0%100%Low-Medium

Features

  • The benchmark index is CRISIL Low Duration Debt
  • The minimum application amount is Rs 5000 and thereafter in multiples of Rs 1
  • The minimum additional amount is Rs 1000 and thereafter in multiples of Rs 1
  • No exit load
  • The scheme can invest up to 50% of the assets in debt instruments
  • The face value is Rs 10 per unit
  • The fund manager is Mr Kumaresh Ramakrishnan

Investment Securities

  • The state government and central government-issued securities.
  • Central and State Government guaranteed securities
  • Certificate of deposit
  • Commercial Paper
  • SEBI permitted Money market instruments having a maturity of one year.
  • Commercial paper and certificate of deposits
  • Derivative instruments such as forward rate agreements, and others as permitted by SEBI
  • Bank deposits and other corporate bodies as permitted by SEBI
  • Schemes managed by AMC or launched by SEBI
  • The convertible securities non-convertible part
  • Any abroad debt instruments, if permitted by SEBI
  • Debt securities issued by statutory bodies and domestic Government agencies which may or may not have a central or state Government guarantee
  • Securities issued by financial institutions and banks as permitted by SEBI
  • Corporate debt securities

Eligibility

  • Any Indian resident
  • Hindu Undivided Family (HUF)
  • Banks and other Financial institutions as permitted by RBI
  • Charitable Trusts
  • Foreign portfolio investors
  • Research organizations by RBI or Government Of India
  • Resident Indian Minors through their parents or Guardians
  • Partnership Firms
  • Companies, PSU, Bodies of individuals

PGIM India Ultra Short Term Fund

This scheme is of benefit to those investors who seek good income within a short period of time. The duration of this scheme is between 3 to 6 months which makes the risk factor moderately low.

Asset Allocation

InstrumentsMinimum MaximumRisk Profile
Debt and Money Market Instruments0%100%Low-Medium

Features

  • The benchmark index is CRISIL Liquid Fund Index
  • The minimum application amount is Rs 5000 and thereafter in multiples of Rs 1
  • The minimum additional amount is Rs 1000 and thereafter in multiples of Rs 1
  • No exit load
  • If invested in foreign securities, those investments will not go beyond 25 % of the net assets

Investment Securities

  • The state government and central government-issued securities
  • Central and State Government guaranteed securities
  • Debt securities issued by statutory bodies and domestic Government agencies which may or may not have a central or state Government guarantee
  • Securities issued by financial institutions and banks as permitted by SEBI
  • Corporate debt securities
  • Certificate of deposit
  • Commercial Paper
  • SEBI permitted Money market instruments having a maturity of one year
  • Commercial paper and certificate of deposits
  • Derivative instruments such as forward rate agreements, and others as permitted by SEBI
  • Bank deposits and other corporate bodies as permitted by SEBI
  • Schemes managed by AMC or launched by SEBI
  • The convertible securities non-convertible part
  • Any abroad debt instruments, if permitted by SEBI

Eligibility

  • Resident Indian Minors through their parents or Guardians
  • Partnership Firms
  • Companies, PSU, Bodies of individuals
  • Banks and other Financial institutions as permitted by RBI
  • Charitable Trusts
  • Foreign portfolio investors
  • Research organizations by RBI or Government Of India
  • Any Indian resident
  • Hindu Undivided Family (HUF)

PGIM India Short Maturity Fund

This open-ended scheme allows investors to invest in instruments for a duration of 1 to 3 years. The risk factor is moderate for this scheme

Asset Allocation

InstrumentsMinimum MaximumRisk Profile
Debt and Money Market Instruments0%100%Low-Medium

Features

  • The benchmark index is CRISIL Short Term Bond Fund Index
  • The minimum application amount is Rs 5000 and thereafter in multiples of Rs 1
  • The minimum additional amount is Rs 1000 and thereafter in multiples of Rs 1
  • .5% if redeemed on or before 6 months from the date of allotment. Nil exit load if redeemed after 6 months
  • The Macaulay Duration of the scheme will be maintained between 1 year to 3 years
  • Up to 50 % of the net assets can be invested in securitized instruments

Investment Securities

  • The state government and central government-issued securities
  • Debt securities issued by statutory bodies and domestic Government agencies which may or may not have a central or state Government guarantee
  • SEBI permitted Money market instruments having a maturity of one year
  • Commercial paper and certificate of deposits
  • Central and State Government guaranteed securities
  • Derivative instruments such as forward rate agreements, and others as permitted by SEBI
  • Schemes managed by AMC or launched by SEBI
  • The convertible securities non-convertible part
  • Any abroad debt instruments, if permitted by SEBI
  • Securities issued by financial institutions and banks as permitted by SEBI
  • Corporate debt securities
  • Bank deposits and other corporate bodies as permitted by SEBI

Eligibility

  • Any Indian resident
  • Hindu Undivided Family (HUF)
  • Resident Indian Minors through their parents or Guardians
  • Partnership Firms
  • Companies, PSU, Bodies of individuals
  • Banks and other Financial institutions as permitted by RBI
  • Charitable Trusts
  • Foreign portfolio investors
  • Research organizations by RBI or Government Of India

PGIM India Dynamic Bond

This scheme is for those who seek regular income for short term by investing in debt and money market instruments. The risk factor is moderate for this scheme

Asset Allocation

InstrumentsMinimum MaximumRisk Profile
Debt and Money Market Instruments0%100%Medium

Features

  • The benchmark index is CRISIL Composite Bond Fund Index
  • The minimum application amount is Rs 5000 and thereafter in multiples of Rs 1
  • The minimum additional amount is Rs 1000 and thereafter in multiples of Rs 1
  • 1% if redeemed on or before 30 days from the date of allotment. Nil exit load if redeemed after 30 days
  • The scheme may invest in units of liquid mutual funds and debt schemes
  • The face value is Rs 1000 per unit

Investment Securities

  • The state government and central government-issued securities.
  • Debt securities issued by statutory bodies and domestic Government agencies which may or may not have a central or state Government guarantee
  • Securities issued by financial institutions and banks as permitted by SEBI
  • Central and State Government guaranteed securities
  • Corporate debt securities
  • Certificate of deposit
  • Commercial Paper
  • Derivative instruments such as forward rate agreements, and others as permitted by SEBI
  • SEBI permitted Money market instruments having a maturity of one year
  • Bank deposits and other corporate bodies as permitted by SEBI
  • Schemes managed by AMC or launched by SEBI
  • The convertible securities non-convertible part
  • Any overseas debt instruments, if permitted by SEBI

Eligibility

  • Any Indian resident
  • Hindu Undivided Family (HUF)
  • Resident Indian Minors through their parents or Guardians
  • Foreign portfolio investors
  • Research organizations by RBI or Government Of India
  • Partnership Firms
  • Companies, PSU, Bodies of individuals
  • Banks and other Financial institutions as permitted by RBI
  • Charitable Trusts

PGIM India Premier Bond Fund

This scheme allows investors to invest in securities of AA+ and above rated corporates. The investor can get income over the medium term. The risk factor is moderate for this scheme.

Asset Allocation

InstrumentsMinimum MaximumRisk Profile
Corporate Debt Instruments ( AA+ and above)80%100%Low-Medium
Other Debt and Money Market Instruments0%20%Low-Medium

Features

  • The benchmark index is CRISIL Composite Bond Fund Index
  • The minimum application amount is Rs 5000 and thereafter in multiples of Rs 1
  • The minimum additional amount is Rs 1000 and thereafter in multiples of Rs 1
  • No Exit load
  • The cumulative gross exposure through money market instruments, debt, and derivative positions should not go beyond 100 % of the net assets included in the scheme.

Investment Securities

  • The state government and central government-issued securities
  • Central and State Government guaranteed securities
  • Securities issued by financial institutions and banks as permitted by SEBI
  • Corporate debt securities
  • Certificate of deposit
  • Commercial Paper
  • Bank deposits and other corporate bodies as permitted by SEBI
  • Schemes managed by AMC or launched by SEBI
  • The convertible securities non-convertible part
  • Any abroad debt instruments, if permitted by SEBI
  • Debt securities issued by statutory bodies and domestic Government agencies which may or may not have a central or state Government guarantee
  • SEBI permitted Money market instruments having a maturity of one year
  • Derivative instruments such as forward rate agreements, and others as permitted by SEBI

Eligibility

  • Any Indian resident
  • Banks and other Financial institutions as permitted by RBI
  • Charitable Trusts
  • Foreign portfolio investors
  • Research organizations by RBI or Government Of India.
  • Hindu Undivided Family (HUF)
  • Resident Indian Minors through their parents or Guardians.
  • Partnership Firms
  • Companies, PSU, Bodies of individuals

PGIM India Credit Risk Fund

This scheme allows to invest in AA and below rated corporate bonds. Investors who seek income over a medium to long term can opt for this open ended scheme. The risk factor is moderate for this scheme.

Asset Allocation

InstrumentsMinimum MaximumRisk Profile
Corporate Debt Instruments ( AA and below)65%100%Medium
Other Debt and Money Market Instruments0%35%Low-Medium

Features

  • The benchmark index is CRISIL AA Short Term Bond Fund Index
  • The minimum application amount is Rs 5000 and thereafter in multiples of Rs 1
  • The minimum additional amount is Rs 1000 and thereafter in multiples of Rs 1
  • Up to 10% of the units can be redeemed without exit load if the redemption happens within a year of the allotment. If redeemed after a year, then no exit load.

Investment Securities

  • The state government and central government-issued securities
  • SEBI permitted Money market instruments having a maturity of one year
  • Commercial paper and certificate of deposits
  • Derivative instruments such as forward rate agreements, and others as permitted by SEBI
  • Central and State Government guaranteed securities
  • Debt securities issued by statutory bodies and domestic Government agencies which may or may not have a central or state Government guarantee
  • Securities issued by financial institutions and banks as permitted by SEBI
  • Corporate debt securities
  • Bank deposits and other corporate bodies as permitted by SEBI
  • Schemes managed by AMC or launched by SEBI
  • The convertible securities non-convertible part
  • Any abroad debt instruments, if permitted by SEBI

Eligibility

  • Any Indian resident
  • Hindu Undivided Family (HUF)
  • Resident Indian Minors through their parents or Guardians.
  • Partnership Firms
  • Companies, PSU, Bodies of individuals.
  • Banks and other Financial institutions as permitted by RBI
  • Charitable Trusts
  • Foreign portfolio investors.
  • Research organizations by RBI or Government Of India.

PGIM India Banking& PSU Debt Fund

Under this scheme the investments are made predominantly in the debt instruments of banks, public financial undertakings, public sector undertakings, and municipal bonds.

Asset Allocation

Money Market and debt securities issued by banks, municipal bonds, public sector undertakings and public financial institutions80%100%Low-Medium
Other Debt and Money Market Instruments0%20%Low-Medium

Features

  • The benchmark index is CRISIL Short Term Bond Fund Index
  • The minimum application amount is Rs 5000 and thereafter in multiples of Rs 1.
  • The minimum additional amount is Rs 1000 and thereafter in multiples of Rs
  • No Exit Load.
  • Investment in foreign securities can go up to 20% of the net assets in the schemes.
  • No investment will be made on equity-linked debentures.

Investment Securities

  • The state government and central government-issued securities and guaranteed securities.
  • Debt securities issued by statutory bodies and domestic Government agencies which may or may not have a central or state Government guarantee.
  • Securities issued by financial institutions and banks as permitted by SEBI.
  • Corporate debt securities.
  • SEBI permitted Money market instruments having a maturity of one year.
  • Commercial paper and certificate of deposits.
  • Derivative instruments such as forward rate agreements, and others as permitted by SEBI.
  • Bank deposits and other corporate bodies as permitted by SEBI.
  • Any abroad debt instruments, if permitted by SEBI.
  • Schemes managed by AMC or launched by SEBI.
  • The convertible securities non-convertible part.

Eligibility

  • Any Indian resident
  • Hindu Undivided Family (HUF)
  • Resident Indian Minors through their parents or Guardians.
  • Partnership Firms
  • Companies, PSU, Bodies of individuals.
  • Banks and other Financial institutions as permitted by RBI
  • Charitable Trusts
  • Foreign portfolio investors.
  • Research organizations by RBI or Government Of India.

PGIM India Gilt Fund

This scheme allows in invest in government securities across maturities. The scheme provides income over the medium term. The risk factor is moderate for this scheme.

Asset Allocation

InstrumentsMinimumMaximumRisk Profile
Government securities and T Bills80%100%low
Other Debt and Money Market Instruments0%20%Low-Medium

Features

  • The benchmark index is I-Sec Mi-Bex
  • The minimum application amount is Rs 5000 and thereafter in multiples of Rs 1
  • The minimum additional amount is Rs 1000 and thereafter in multiples of Rs
  • No Exit Load
  • 20% of the net assets can be invested in securitized debt.
  • The scheme will invest in debt and liquid mutual fund schemes.

Investment Securities

  • The state government and central government-issued securities.
  • Central and State Government guaranteed securities.
  • SEBI permitted Money market instruments having a maturity of one year.
  • Derivative instruments such as forward rate agreements, and others as permitted by SEBI.
  • Bank deposits and other corporate bodies as permitted by SEBI.
  • Schemes managed by AMC or launched by SEBI.
  • The convertible securities non-convertible part.
  • Any abroad debt instruments, if permitted by SEBI.
  • Debt securities issued by statutory bodies and domestic Government agencies which may or may not have a central or state Government guarantee.
  • Securities issued by financial institutions and banks as permitted by SEBI.
  • Corporate debt securities.
  • Certificate of deposit
  • Commercial Paper

Eligibility

  • Any Indian resident
  • Hindu Undivided Family (HUF)
  • Companies, PSU, Bodies of individuals.
  • Banks and other Financial institutions as permitted by RBI
  • Charitable Trusts
  • Research organizations by RBI or Government Of India.
  • Resident Indian Minors through their parents or Guardians.
  • Partnership Firms
  • Foreign portfolio investors.


There are two schemes available under Hybrid Funds namely

  • PGIM India Equity Savings Fund
  • PGIM India Hybrid Equity Fund

PGIM India Equity Savings Fund

This scheme can be availed by investors who seek investment in equity, arbitrage, and debt. The risk factor is moderately high for this scheme.

Asset Allocation

InstrumentsMinimumMaximumRisk %
Equity & Equity related securities65%90%High
a. Net Long Equity % included in Equity securities5%40%High
b. Equity & Equity Derivatives25%85%High
Debt Securities & Money Market Instruments10%35%Low-Medium
Units issued by REITs and InVits0%10%Medium-High

Features

  • 70% of the NIFTY 50 Arbitrage TR Index and 30% of the NIFTY 50 TR Index.
  • The minimum application amount is Rs 5000 and thereafter in multiples of Re 1.
  • The minimum additional amount is Rs 1000 and thereafter in multiples of Re 1.
  • The exit load is 1 % if the securities are redeemed within a year.

Investment Securities

  • li Convertible bonds, debentures, and all Indian equity and related instruments
  • The central and state government-issued securities and guaranteed securities
  • Debt securities issued by Government agencies (Domestic)
  • Corporate debt securities
  • Securities issued by bank as per SEBI guidelines
  • Certificate of deposits
  • Money market instruments as per SEBI guidelines
  • Derivative instruments as permitted by SEBI
  • Any overseas debt instruments as permitted by SEBI
  • ADR/GDR of overseas listed Indian companies
  • AMC managed schemes or any schemes launched by SEBI
  • Investment in REIT and InVit
  • Any other instruments as permitted by SEBI

Eligibility

  • Any Indian resident
  • Hindu Undivided Family (HUF)
  • Resident Indian Minors through their parents or Guardians
  • Partnership Firms
  • Companies, PSU, Bodies of individuals
  • Banks and other Financial institutions as permitted by RBI
  • Charitable Trusts
  • Foreign portfolio investors
  • Research organizations by RBI or Government Of India

PGIM India Hybrid Equity Fund

Under this scheme the investor can invest in equity and equity related instruments. The risk factor is moderately high, however the investor can get capital growth over the long term.

Asset Allocation

InstrumentsMinimumMaximumRisk %
Equity & Equity related securities65%80%Medium-High
Debt Securities & Money Market Instruments20%35%Low-Medium
Units issued by REITs and InVits0%10%Medium-High

Features

  • The benchmark index is CRISIL Hybrid 35+65 - Aggresive Index.
  • The minimum application amount is Rs 5000 and thereafter in multiples of Re 1.
  • The minimum additional amount is Rs 1000 and thereafter in multiples of Re 1.
  • The exit load is 1 % if the securities are redeemed within a year.

Investment Securities

  • Convertible bonds, debentures, and all Indian equity and related instruments.
  • The central and state government issued securities and guaranteed securities.
  • Debt securities issued by Government agencies (Domestic).
  • Corporate debt securities.
  • Securities issued by bank as per SEBI guidelines.
  • Certificate of deposits.
  • Money market instruments as per SEBI guidelines.
  • Derivative instruments as permitted by SEBI.
  • Any overseas debt instruments as permitted by SEBI
  • ADR/GDR of overseas listed Indian companies.
  • AMC managed schemes or any schemes launched by SEBI.
  • Investment in REIT and InVit.
  • Any other instruments as permitted by SEBI.

Eligibility

  • Any Indian resident
  • Hindu Undivided Family (HUF)
  • Resident Indian Minors through their parents or Guardians.
  • Partnership Firms
  • Companies, PSU, Bodies of individuals.
  • Banks and other Financial institutions as permitted by RBI
  • Charitable Trusts
  • Foreign portfolio investors.
  • Research organizations by RBI or Government Of India.


There are two types of schemes available under this fund namely

  • PGIM India EURO Equity Fund
  • PGIM India Global Equity Opportunities Fund

PGIM India Euro Equity Fund

This is an open-ended scheme in which investments will be made in overseas mutual funds unit having diversified portfolio. The risk factor is high for this scheme.

Asset Allocation

InstrumentsMinimumMaximumRisk %
Securities issued by overseas mutual funds or unit trusts95%100%Medium-High
Debt Instruments including government securities, money market instruments, and corporate debt0%5%Low-Medium

Features

  • The benchmark is MSCI EMU Index
  • The minimum application amount is Rs 5000 and thereafter in multiples of Re 1.
  • The minimum additional amount is Rs 1000 and thereafter in multiples of Re 1.
  • The exit load is 1 % if the securities are redeemed within 12 months.

Investment Securities

  • Convertible bonds, debentures, and all Indian equity and related instruments.
  • Securities issued by bank as per SEBI guidelines.
  • Certificate of deposits.
  • Money market instruments as per SEBI guidelines.
  • ADR/GDR of overseas listed Indian companies.
  • AMC managed schemes or any schemes launched by SEBI.
  • Investment in REIT and InVit.
  • Any other instruments as permitted by SEBI.
  • The central and state government issued securities and guaranteed securities.
  • Debt securities issued by Government agencies (Domestic).
  • Corporate debt securities.
  • Derivative instruments as permitted by SEBI.
  • Any overseas debt instruments as permitted by SEBI

Eligibility

  • Any Indian resident
  • Hindu Undivided Family (HUF)
  • Resident Indian Minors through their parents or Guardians.
  • Partnership Firms
  • Companies, PSU, Bodies of individuals.
  • Banks and other Financial institutions as permitted by RBI
  • Charitable Trusts
  • Foreign portfolio investors.
  • Research organizations by RBI or Government Of India.

PGIM India Global Equity Opportunities Fund

Under this scheme the investors will be investing in PGIMJennison Global Equity Opportunities Fund. The risk factor is high for this scheme.

Asset Allocation

InstrumentsMinimumMaximumRisk %
Securities issued by overseas mutual funds or unit trusts95%100%Medium-High
Debt Instruments including government securities, money market instruments, and corporate debt0%5%Low-Medium

Features

  • The benchmark is MSCI All Country World Index
  • The face value is Rs 10 per unit.
  • The scheme offers two plans, regular and direct.

Investment Securities

  • Securities issued by bank as per SEBI guidelines.
  • Certificate of deposits.
  • Money market instruments as per SEBI guidelines.
  • Derivative instruments as permitted by SEBI.
  • Any other instruments as permitted by SEBI.
  • Convertible bonds, debentures, and all Indian equity and related instruments.
  • The central and state government issued securities and guaranteed securities.
  • Debt securities issued by Government agencies (Domestic).
  • Corporate debt securities.
  • Any overseas debt instruments as permitted by SEBI
  • ADR/GDR of overseas listed Indian companies.
  • AMC managed schemes or any schemes launched by SEBI.
  • Investment in REIT and InVit.

Eligibility

  • Any Indian resident
  • Hindu Undivided Family (HUF)
  • Resident Indian Minors through their parents or Guardians.
  • Partnership Firms
  • Companies, PSU, Bodies of individuals.
  • Banks and other Financial institutions as permitted by RBI
  • Charitable Trusts
  • Foreign portfolio investors.
  • Research organizations by RBI or Government Of India.


1. What does the term benchmark mean in Pramerica Mutual Funds?

A benchmark is an unmanaged group of securities which is used to measure the performance of a company’s stock or funds.

2. What are the documents needed for investing in a PGIM India mutual fund?

  • ID proof
  • Passport size photo
  • Address proof
  • KYC documents

3. What is Asset under management (AUM)?

The AUM helps to measure the total market value of the investments that are managed by mutual funds, hedge funds, or portfolio manager.

4. How to apply for Pramerica Mutual funds?

Those who are willing to invest in Pramerica mutual funds can either apply through online or through the branches of PGIM India mutual funds.

5. Is paperless investing available under PGIM India mutual fund?

Yes, PGIM India gives this facility to those who have not yet invested in PGIM India’s mutual fund yet. For the first time investors, they can invest in the mutual fund they like without the submission of paper documents.

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