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PGIM Mutual Fund (MF) has launched the PGIM India Small Cap Fund, an open-ended equity scheme predominantly investing in small cap stocks. The NFO opens for subscription on July 09, 2021, and closes on July 23, 2021. The Entry load is not applicable for the scheme. 10% of the units allotted may be redeemed/switched-out to debt schemes/PGIM India Arbitrage Fund without any exit load within 90 days from the date of allotment. Any redemptions/switch-outs in excess of the 90 days from the date of allotment would be subject to an exit load of 0.50%, if the units are redeemed/switched-out to debt schemes/PGIM India Arbitrage Fund within 90 days from the date of allotment of units; Exit load will be nil- if the units are redeemed/ switched-out after 90 days from the date of allotment of units and no exit load will be charged for switches and STP between any open-ended equity scheme, hybrid scheme (except PGIM India Arbitrage Fund) and fund of funds scheme. The entire exit load (net of Goods and Services tax), charged, if any, shall be credited to the Scheme. The minimum subscription amount is 5,000 and in multiples of Re 1 thereafter.

The performance of the scheme shall be benchmarked against Nifty Small Cap 100 TRI Index and its fund managers are Aniruddha Naha, Kumaresh Ramakrishnan and Ravi Adukia.

The investment objective of the Scheme is to achieve long term capital appreciation by predominantly investing in equity and equity related instruments of small cap companies.