PGIM India Money Market Fund Direct Growth is a debt fund. This fund was started on 6 March, 2020. The fund is managed by Bhupesh Kalyani, Puneet Pal. This fund is suitable to keep your money safe.
PGIM India Money Market Fund Direct Growth has given a CAGR return of 5.69% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 7.39% and 6.16% respectively.
PGIM India Money Market Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are 364 DTB 06032025, HDFC Bank Ltd., Punjab National Bank, Export-Import Bank of India, Canara Bank
As it is a money market mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
The Scheme seeks to deliver reasonable market related returns through investments in Money Market instruments.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. PGIM India Money Market Fund Direct Growth has no lock in period.
Expense ratio | 0.2% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹236 Cr |
Inception Date | 6 March, 2020 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 384.7% |
Risk | Low to Moderate Risk |
PGIM India Money Market Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.65% | 0.65% |
6 Month Returns | 3.77% | 3.77% |
1 Year Returns | 7.39% | 7.39% |
3 Years Returns | 19.65% | 6.16% |
5 Years Returns | 0% | 0% |
AAA | 100 |