November 17, 2021

PGIM India Global Select Real Estate Securities Fund of Fund (FOF): NFO closes on 29th November 2021

Blog | NFO

PGIM India Global Select Real Estate Securities Fund of Fund is an open-ended equity fund of fund scheme investing in PGIM Global Select Real Estate Securities Fund.

Good to know

What is a fund of fund?

A Fund of Fund (FoF) is a mutual fund scheme that invests in other mutual fund schemes. In this, the fund manager holds a portfolio of other mutual funds instead of directly investing in equities or bonds. A given FoF may invest in a scheme of the same fund house or another fund house. The portfolio is designed to suit investors across risk profiles and financial goals. The investors get an opportunity to benefit from the diversification as a result of investing in numerous fund categories.

Investment objective

The primary investment objective of the Scheme is to generate long term capital appreciation from investing in the units of PGIM Global Select Real Estate Securities Fund, which primarily invests in REITs and equity and equity related securities of real estate companies located throughout the world. 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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Asset allocation

Instruments	Indicative allocations (% of total assets)		Risk profile
Instruments	Minimum	Maximum	Risk profile
Units/securities of PGIM Global Select Real Estate Securities Fund, domiciled in Ireland	95	100	Medium to high
Debt instruments including government securities, corporate debt, money market instruments, (including cash and units of mutual funds)	0	5	Low to high

Scheme details

Name	PGIM India Global Select Real Estate Securities Fund of Fund
Type	An open-ended equity fund of fund scheme investing in PGIM Global Select Real Estate Securities Fund
Category	Equity
Benchmark	FTSE EPRA/NAREIT Developed Index
Entry/exit load	Entry load: NA Exit load: 10% of the units allotted may be redeemed/switched-out to debt schemes/PGIM India Arbitrage Fund without any exit load within 90 days from the date of allotment; Any redemptions/switch-outs in excess of the abovementioned limit would be subject to an exit load of 0.50%, if the units are redeemed/switched-out to debt schemes/PGIM India Arbitrage Fund within 90 days from the date of allotment of units; Nil - If the units are redeemed/ switched-out after 90 days from the date of allotment of units; No exit load will be charged for switches and STP between any open-ended equity scheme, hybrid scheme (except PGIM India Arbitrage Fund) and fund of funds scheme.
Fund Manager	Mr. Ravi Adukia
Minimum application amount	₹5,000 (one time) and multiples of ₹1 thereafter
Expense ratio	Up to 2.25%

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This product is suitable for investors who are seeking*:	Riskometer
Wealth creation for the long-term Investment in units of overseas mutual funds that invest in equity and equity related securities of real estate companies located throughout the world. Degree of risk – Very high

*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

Note: The above information has been sourced from the Scheme Information Document provided by PGIM India Mutual Fund. To read the entire document, click here.

Disclaimer: The above article is purely academic in nature and aims to provide knowledge about basic trading concepts & should not be construed as an opinion or advice to invest or trade. RKSV Securities India Private Limited (brand name Upstox) is the distributor of the mutual fund. Mutual fund investments are subject to market risks; please read all the related documents and/or consult your investment advisor before investing. Past performance of an investment asset does not guarantee future returns.

Mutual fund investments are subject to market risks, read all scheme related documents carefully.