PGIM India Mutual Fund has announced the launch of its New Fund Offer PGIM India Multi Cap Fund. It is an open-ended equity scheme investing in large-cap, mid-cap and small-cap stocks. The New Fund Offer (NFO) opens for subscription on August 22, 2024 and will close on September 5, 2024.
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Ajit Menon, CEO, PGIM India Asset Management
Ajit Menon, CEO, PGIM India Asset Management, says the multi-cap strategy offers investors a disciplined way to diversify their exposure to all market caps.
Vinay Pahadia, CIO, PGIM India Asset Management
Vinay Pahadia, CIO, PGIM India Asset Management, said, “We believe this is a good time to invest in a diversified portfolio of good quality, high-growth companies that have underperformed in the past few years despite strong growth in their intrinsic values.”
Scheme
The scheme will invest at least 25% in all three categories of largecap, midcap and smallcap stocks. While the remaining 0-25% will generally be invested in ground-up opportunities in any or all of the three market cap buckets. The scheme also has a provision to take exposure of up to 25% in debt, up to 10% in REITs and InvITs and up to 20% in foreign securities including overseas ETFs.