Stocks

PGIM’s Balanced Advantage NFO eyes ₹500 crore

Mumbai | Updated on January 15, 2021 Published on January 15, 2021

PGIM India Mutual Fund targets to raise ₹500 crore from the new fund offer of Balanced Advantage Fund. The NFO closes on January 29. The open-ended dynamic asset allocation fund will invest a minimum of 30 per cent in equity. The product is suitable for investors who are seeking capital appreciation over a long period of time.

The fund will be benchmarked to Crisil Hybrid 50+50 Moderate index. Ajit Menon, CEO, PGIM India Mutual Fund, said the model based approach helps in automatically rebalancing investments between equity and fixed income in a tax efficient manner without investor having to keep track of it. The fund has the potential to deliver consistent long-term risk-adjusted returns, he said.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on January 15, 2021
This article is closed for comments.
Please Email the Editor