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NFO alert: PGIM India Mutual Fund launches PGIM India Multi Cap Fund, here are the details
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3 min read | Updated on August 22, 2024, 18:28 IST
SUMMARY
PGIM India Mutual Fund introduced the PGIM India Multi Cap Fund, an open-ended equity scheme, on August 22, 2024. The fund seeks long-term capital appreciation by investing across large-cap, mid-cap, and small-cap stocks. The NFO will close on September 5, 2024, with a minimum initial investment of ₹5,000.
NFO alert: PGIM India Mutual Fund launches PGIM India Multi Cap Fund – here are the details
PGIM India Multi Cap Fund is an open-ended equity scheme launched on August 22, 2024, aiming at generating long term capital appreciation through investments in a diversified portfolio of large, mid and small cap stocks. The scheme will be open for subscription until 5th September 2024 with ₹5,000 as minimum initial investment and ₹1,000 as minimum further investment thereafter.
Objective of Scheme: The investment objective of the PGIM India Multi Cap Fund is to seek to generate long-term capital appreciation by investing in a portfolio of equity and equity-related securities across large-cap, mid-cap and small-cap stocks. However, there can be no assurance that the investment objective of the scheme will be achieved. The Scheme does not guarantee/indicate any returns.
Risk-o-meter:
Funds Allocation (for both Schemes)
| Types of Instruments | Minimum Allocation (% of Net Assets) | Maximum Allocation (% of Net Assets) |
|---|---|---|
| Equity and Equity-related Securities | 75 | 100 |
| a) Large Cap Companies | 25 | 50 |
| b) Mid-Cap Companies | 25 | 50 |
| c) Small Cap Companies | 25 | 50 |
| Debt and Money Market Securities (including TREPS (Tri-Party Repo), Reverse Repo) | 0 | 25 |
| Units issued by REITs & InvITs | 0 | 10 |
| Foreign securities including overseas ETFs | 0 | 20 |
Who should invest in this fund?
This NFO of the PGIM India Multi Cap Fund is suitable for investors who are seeking long term capital appreciation and want investing in equity and equity related securities of large cap, mid cap, small cap companies.
Benchmark
The performance of the PGIM India Multi Cap Fund will be benchmarked to the performance of the Nifty 500 Multicap 50:25:25 TRI.
Peer Fund Schemes
| Scheme Name | AUM (crore) | Expense ratio (%) | 1 Year returns (%) | 3 Years returns (%) | 5 Years returns (%) | 10 Years returns (%) | YTD returns (%) | Since Launch returns (%) |
|---|---|---|---|---|---|---|---|---|
| Quant Active Fund | 11200.11 | 1.7 | 47.73 | 25.15 | 34.29 | 21.07 | 26.36 | 20.04 |
| Nippon India Multi Cap | 37150.98 | 1.56 | 44.67 | 31.19 | 27.69 | 16.82 | 28.33 | 19.04 |
| Invesco India Multi Cap | 3736.34 | 1.89 | 45.62 | 20.65 | 24.72 | 16.43 | 25.07 | 16.92 |
| ICICI Prudential Multi Cap | 13920.86 | 1.75 | 47.64 | 24.28 | 24.08 | 16.39 | 25.85 | 15.75 |
| Baroda BNP Paribas Multi Cap Plan A | 2689.72 | 2.01 | 46.83 | 22.97 | 25.51 | 15.5 | 27.33 | 17.37 |
| Sundaram Multi Cap Fund | 2831.12 | 1.98 | 41.07 | 20.16 | 22.49 | 15.38 | 20.89 | 16.19 |
Who Manages the Scheme?
Vivek Sharma (Equity Portion) Fund Manager
Over 15 years of experience in the capital market
Anandha Padmanabhan Anjeneya (Equity Portion) Fund Manager: Equity
Collectively over 15 years of experience in Indian financial markets, primarily in equity research.
Utsav Mehta (Equity Portion) Fund Manager: Equity
Over 13 years of experience in Equity market, research and fund management
Puneet Pal (Debt Portion) Head: Fixed Income
More than 20 years of experience in the Debt markets within the Mutual Fund space.
Conclusion
The PGIM India Multi Cap Fund aims to offer diversified equity exposure across market capitalisations, making it suitable for long-term investors seeking capital appreciation.
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