Rating : ★ ★ ☆ ☆ ☆

PGIM India Equity Savings Fund Direct Plan Quarterly Dividend Payout

Hybrid

  

Equity Savings

NAV

11.7174-0.0097

(as on 17 Sep, 2020)

RETURNS

4.41 %

Fund Type

Open Ended

Investment Plan

Dividend Payout

Investment Plan

1%

Benchmark

NIFTY 50 Arbitrage PR INR

Asset Size

36.12 Cr.

(As of 31 Aug, 2020)

Risk

Moderately High

Objective

The investment objective of the scheme is to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities and investments in debt and money market instruments.

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Fund manager

Kumaresh Ramakrishnan

Exit load

1 %

(If redeemed within 360 days)

Minimum sip

₹500

Minimum investment

₹5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

Future on Vedanta Ltd

7.77%

Vedanta Ltd

7.73%

IndusInd Bank Ltd

7.47%

Future on IndusInd Bank Ltd

7.14%

Sector Allocation

About the Scheme Type

Equity Savings Mutual Funds are an open ended fund scheme which try to balance risk and returns by investing in equities, arbitrage trades and fixed income securities. These are low risk funds given that the use of derivatives reduces the net equity exposure to 35 percent, thereby protecting investors from volatility. These funds are treated at par with equity funds for taxation purposes, because their gross equity exposure is more than 65%. The equity portion of the scheme opens the scheme for higher returns, while its debt component outlays stability to the returns.

Ratings

This fund is rated 2 stars by Morning Star Ratings.

★ ★ ☆ ☆ ☆

Overview of DHFL Pramerica Asset Managers Private Limited

DHFL was founded in 1984 by Late Shri Rajesh Kumar Wadhawan with a vision to provide financial access to the lower and middle income segments of the society. Today, led by Mr. Kapil Wadhawan, CMD, DHFL, the Company is one of India's leading mortgage finance institutions with presence in over 351 locations across the country, in addition to representative offices in Dubai and London.

DHFL Pramerica Mutual Fund is headquartered in Mumbai, with presence in 19 cities including branches in Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata and Pune. DHFL Pramerica Mutual Fund brings a rich blend of global resources, intellectual acumen and local investment expertise and is committed to designing superior and meaningful, wealth-building solutions for our investors. DHFL Pramerica Mutual Fund provides unique training and education programs for building exceptional capabilities and best business practices for its business associates.

All through its years of growth, DHFL has stayed with its core vision of financial inclusion. The Company's wide network, coupled with insights into local customer needs has enabled the Company to provide meaningful financial access to customers even in India's smallest towns. With a strong business foundation, an extensive distribution network, proven industry expertise and a deep understanding of the Indian customer, DHFL is one of India's largest financial services companies.