PGIM India Mutual Fund is a wholly owned business of PGIM, the global investment management business of the US-based Prudential Financial, Inc. Prudential Financial Inc. has operations in the United States, Asia, Europe, and Latin America and manages an AUM of USD 1.5 trillion. PGIM India Asset Management is a full service investment manager offering a broad range of equity and fixed-income solutions to retail and institutional investors throughout the country. The AMC offers 20 schemes to investors. In addition to managing investor assets through domestic mutual funds, the AMC also offers offshore funds and portfolio management services. PGIM India Mutual Fund manages an Average AUM of Rs. 24,019 Cr as of June 2024 and 22 lakh+ folios.
To invest in PGIM India Mutual Fund schemes, there is no physical documentation required. You need to upload the following KYC documents online:
Proof of Identity (PAN, Aadhaar)
Proof of Address (Aadhaar)
How to Invest in PGIM India Mutual Fund
Step 1: Download the Rupeezy App if you do not have an account.
Step 2: If you are a first-time user, you need to submit your KYC documents like PAN, Aadhaar, add personal details, and complete the account verification.
Step 3: Select PGIM India Mutual Fund and review the scheme list in each category.
Step 4: Assess the funds' performance and risk parameters.
Step 5: Select the appropriate category as per your financial goal and risk appetite.
Step 6: Compare the selected fund with other funds in its category using Smart Explore on a visual graph.
Step 7: Check fund portfolio overlap among all funds in your portfolio. Check the fund impact on your overall portfolio with the Impact Analysis feature.
Step 8: Select the fund, add lumpsum, or SIP, and set up payment with UPI or net banking.
PGIM India Mutual Fund FAQs
Ans: Yes, PGIM India Mutual Fund mutual fund schemes are considered safe investments. In India, all Asset Management Companies (AMC), including PGIM India Mutual Fund, are regulated by SEBI (Securities and Exchange Board of India) and AMFI (Association of Mutual Funds in India). The mutual fund industry operates under strict regulations to safeguard investors' interests. However, it's crucial for investors to conduct thorough research to ensure that the specific fund schemes align with their financial goals and risk tolerance.
Ans: PGIM India Mutual Fund Mutual Fund schemes are not tax free. Mutual fund capital gains are subject to capital gains tax. In the case of equity mutual funds, mutual fund units sold within a year of purchase will attract a 20% tax on profits. Gains from mutual funds held for more than a year are taxed at 12.5%. For debt funds, the debt fund units sold within three years will be taxed as per the income tax slab. For debt funds held for over three years, the tax rate is 12.5% without indexation benefits.
Here are some of the best-performing funds from PGIM India Mutual Fund AMC based on past 5-year returns:
Fund Name
5-Year Return (%)
PGIM India Overnight Fund
4.88%
PGIM India Ultra Short Duration Fund
5.29%
PGIM India Arbitrage Fund
4.93%
PGIM India Money Market Fund
0%
PGIM India Liquid Fund
5.29%
Ans: Yes, PGIM India Mutual Fund AMC is good for long-term capital appreciation. The equity schemes under the AMC have performed well over the long term and delivered returns above the category average. Visit the Rupeezy Invest App to check PGIM India Mutual Fund AMC fund performance.
Ans: You can log in to your Rupeezy app and view your portfolio which will show you the current value as per the prevailing NAV on the last closing business day.
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