PGIM Mutual Fund is launching NFO under its “Solution Oriented Scheme - Retirement Fund”, named PGIM India Retirement Fund. The open-ended retirement solution-oriented scheme having a lock-in of 5 years or till retirement age aims 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.
Investment strategy: The total assets of the Scheme will be invested primarily in equity and equity-related instruments. The portfolio will be diversified across sectors. The portfolio is expected to have a minimum 25% allocation towards the large-cap, midcap and small-cap segments of the market respectively under normal circumstances. Companies with long-term growth potential and sustainable business models are preferred. The portfolio is built utilizing a combination of the top-down and bottom-up portfolio construction process, focusing on the fundamentals of each stock, including quality of management and prevailing valuations.
Asset allocation: The scheme aims to invest in equity & equity-related instruments including convertible bonds and debentures and warrants carrying the right to obtain equity shares.
Who should invest?
Investors with a very high-risk appetite should invest in the PGIM India Retirement Fund for 5 or more years.
Risk associated: Very high level of risk.
Benchmark: S&P BSE 500 Index (TRI).
Fund Managers: Mr Vinay Paharia will manage the Equity Portion and Mr Puneet Pal will manage the Debt and REITs & InVITs portion.
The NFO is available for subscription from March 26 to April 09. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is ₹5000/- and in multiples of any amount thereafter.
It offers a Regular Plan and a Direct Plan. Each plan offers Growth and Income options. Click here to invest in the PGIM India Retirement Fund.
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