Rating: ★ ★ ☆ ☆ ☆

PGIM India Credit Risk Fund Direct Plan Annual Dividend Reinvestment

Debt

  

Credit Risk Fund

NAV

11.712 + 0.0075

as on (02 Jun, 2020)

RETURNS

-0.6 %

Fund Type

Open Ended

Investment Plan

Dividend Reinvestment

Expense Ratio

0.69 %

Benchmark

CRISIL AA Short Term Bond Index

Asset Size

145.89 Cr.

(As of 30 Apr, 2019)

Risk

Moderate

Objective

The investment objective of the Scheme is to seek to generate income and capital appreciation by investing predominantly in AA and below rated corporate debt (excluding AA+ rated corporate bonds). However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/ indicate any returns.

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Fund manager

Kumaresh Ramakrishnan

(since 08 Mar, 2016)

Exit load

1 %

(If redeemed within 365 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

Emami Agrotech Limited

5.98 %

Green Infra Wind Energy Limited

5.08 %

Punjab and Sind Bank

5.04 %

Business Broadcast News Holdings Limited

4.87 %

Sector Allocation

About the Scheme Type

Credit Risk Fund

Credit Risk Funds need to have at least 65% of their investmentin lower rated securities such as those having AA-, A+, A-, BBB, etc. The maturity period of these papers is usually 1 – 3 years, unlike long maturity bonds. The interest rates offered by such companies is higher and earning scope arises when their ratings go up, offering a benefit of capital gains. They, at times,pose as an attractive investment option as they have the potential to give 2 – 3% higher returns than risk-free papers.

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.