PGIM India Retirement Fund Direct Growth
About the Fund
PGIM India Retirement Fund Direct Growth is a hybrid fund. This fund was started on 19 April, 2024. The fund is managed by . This fund gives you the benefit of diversification.
Key Parameters
- PGIM India Retirement Fund Direct Growth has ₹60 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
PGIM India Retirement Fund Direct Growth has given a CAGR return of 13.08% since inception.
Holdings
PGIM India Retirement Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Basic Materials, Health, Consumer Defensive, Energy, Communication, Utilities, Real Estate.
Taxation
As it is a retirement mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of PGIM India Retirement Fund Direct Growth
The investment objective of the scheme is to provide capital appreciation and income to investors in line with their retirement goals by investing in a mix of securities comprising of equity, equity related instruments, REITs and InvITs, and fixed income securities. However, there is no assurance that the investment objective of the scheme will be achieved. The Scheme does not guarantee/ indicate any returns.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. There is a lock in period for PGIM India Retirement Fund Direct Growth of 5 Years
Fund Overview
| Expense ratio | 0.66% |
Benchmark | S&P BSE 500 India INR |
| AUM | ₹60 Cr |
| Inception Date | 19 April, 2024 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
| Exit Load | 0% |
| Lock In | 5 Years |
TurnOver | 0% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 6.83% | 65.1% | |
 HDFC Bank Ltd | 4.44% | 30.2% | |
 Reliance Industries Ltd | 4.13% | 0% | |
 Axis Bank Ltd | 3.9% | 110.3% | |
 Bharti Airtel Ltd | 2.79% | 0% |
PGIM India Retirement Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹60 Cr
Expense Ratio 0.66%
Frequently Asked Questions
PGIM India Retirement Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.26% | 2.26% |
6 Month Returns | 0% | 0% |
1 Year Returns | 0% | 0% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.