PGIM India Mutual Fund was formerly known as DHFL Pramerica Mutual Fund. Considering the recent trends, we can observe that this particular company has taken the market by storm and has gained significant popularity. PGIM India Mutual Fund offers several schemes including debt, equity, hybrid, and International FOF as well. In this article, we will highlight some of the best PGIM mutual fund schemes that are suitable for investment in the context of 2022.
Reasons for choosing PGIM India Mutual Fund
Some of the major reasons for the success of PGIM India Mutual Fund are:
Top 7 PGIM India Mutual Fund schemes to invest in 2022:
This is an open-ended equity scheme, majorly noted for investing exclusively in large-cap stocks and focusing on growth-oriented and blue-chip stocks ideal for long-term investment. . It maintains a benchmark index of NIFTY 100 TRI. The minimum amount for application is INR 5000, in multiples of INR 1. The minimum additional purchase amounts to INR 1000, that too in multiples of INR 1. It involves very high risk. It carries an exit load only of 0.50% for exits within 90 days of unit allotment.
This is yet another pen-ended equity scheme, investing mostly in mid-cap stocks. The benchmark index is NIFTY Midcap 150 TRI, with a NAV of 41.3300 on Oct. 12, 2022. The minimum amount for application is INR 5000 and the minimum additional purchase amount is INR 1000, in multiple of INR 1. For exists within the initial 90 days of unit allocation, it carries an exit load of 0.50%. The degree of risk involved is very high. It strives for optimum capital appreciation depending on the current market circumstances in the long run.
This portfolio has been rated by ICRA as ‘AAA’. As per the Oct. 2022 records, the NAV stands at 2168.3505 and the benchmark index is CRISIL Dynamic Bond Fund AIII Index. This is an open-ended debt scheme that invests across duration. It comes with a comparatively lower credit risk scheme, but with a tentatively higher interest rate risk. The minimum amount for application is INR 5000, and the minimum additional purchase amount is INR 1000. It carries no exit load. The primary objective of this scheme is to seek optimum return generation through expert portfolio management of money market instruments and debts. Considering the riskometer, it belongs to the low to medium-risk category.
The current NAV of this regular fund is 1124.7004. This is an open-ended debt scheme, primarily investing in special overnight securities. It involves a comparatively lower credit risk and low-interest rate risk. The benchmark index is the NIFTY 1D rate index. The minimum application and additional purchase amounts stand at INR 5000 and INR 1000 respectively and carries no exit load. As the name suggests, this particular scheme invests in overnight securities with maturity duration of a single business day. The risk involved is low.
This fund is an open-ended scheme chiefly investing in arbitrage, debt, and equities and maintains a minimum debt allocation of 10% and a minimum equity allocation of 65%, with a NAV of 40.2545, as on Oct. 2022. The benchmark index is NIFTY Equity Savings Index. The minimum amount for application is INR 5000 and the minimum additional amount is INR 1000. It comes with zero exit load. The prime objective of this fund is to provide proper income distribution and capital appreciation through proper and expert utilisation of money market and debt instruments, equities, equity-related instruments, and arbitrage opportunities. It carries low to moderate risk.
This is an open-ended scheme for predominant investment in equities and other equity-related instruments. The equity exposure ranges between 65% and 80%. The Oct. 2022 NAV of this regular plan stands at 89.2300. The benchmark index is CRISIL Hybrid 35+65, an aggressive index. The minimum amount for application is INR 5000 and that for additional purchase is INR 1000. If exit happens within 90 days of unit allocation, it carries an exit load of 0.50%. This scheme is ideal for income generation and capital appreciation on a long-term basis from fixed-income securities, equities, and other equity-related instruments. The degree of risk involved here is very high.
This is a regular plan and was initially introduced back in 2010. Currently, it maintains a NAV of 23.9500, as on Oct. 2022. Its benchmark index is MSCI AII Country World Index. The minimum amount for the application and additional purchase amount stands at INR 5000 and INR 1000 respectively. Any exit within the initial 90 days of unit allocation carries an exit load of 0.50%. This PGIM mutual fund scheme is suitable for long-term capital generation and growth through overseas MF units. However, you must remember that this scheme never guarantees any returns, thus risking your principal to a very high-risk category.
Conclusion
This is a comprehensive guide to the top 7 PGIM mutual fund schemes in the context of 2022 market and investment schemes.
