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PGIM India Mutual Fund today announced the launch of its open-ended PGIM India Large and Mid Cap Fund.

The scheme seeks to generate long term capital growth through investments in equity and equity related securities of predominantly large cap and mid cap stocks, from an actively managed portfolio.

“There is a continuing opportunity for investing in high growth and good quality Large and Mid Cap companies which can take advantage of the India growth story. Such companies can continue to compound capital at a rapid pace in a capital-efficient manner for a long period of time,” said Vinay Paharia, CIO, PGIM India Mutual Fund.

PGIM India Large and Mid Cap Fund will invest a minimum of 35% each in large caps and mid cap stocks, respectively. The portfolio will be 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. The fund manager will aim to build a diversified portfolio with exposure across sectors.

Asset Allocation Pattern of PGIM India Large and Mid Cap Fund

Large Cap Companies are 1st -100th company in terms of full market capitalization;

*Mid Cap Companies are 101st -250th company in terms of full market capitalization;

and

*Small Cap Companies are 251st company onwards in terms of full market capitalization as per the list prepared by AMFI

“Portfolios following a style with a predominance of good quality and high growth companies have relatively underperformed in recent times. This provides an attractive opportunity for investors to accumulate units in a large and mid cap fund following this style at the current juncture. This fund is suitable for new investors as well as existing investors looking to rebalance and reduce any concentration risks in their current portfolio,” said Ajit Menon, CEO, PGIM India Mutual Fund.

The equity portion of the fund will be managed by Vinay Paharia, Anandha Padmanabhan Anjeneya and Utsav Mehta while the debt portion will be managed by Puneet Pal. Ojasvi Khicha will manage the overseas investments for the scheme.

Minimum Application Amount

· Initial Purchase/Switch-in - Minimum of Rs. 5,000/- and in multiples of Re. 1/-thereafter.

· Additional Purchase - Minimum of Rs. 1,000/- and in multiples of Re. 1/-thereafter.

·  For SIPs: Minimum no. of 5 instalments and minimum amount per instalment - Rs. 1,000/- each and in multiples of Rs.1/- thereafter.

Exit Load:

For each purchase of units through Lumpsum/switch?in/Systematic Investment Plan (SIP)

and Systematic Transfer Plan (STP), exit load will be as follows:

* For Exits within 90 days from date of allotment of units : 0.50%.

* For Exits beyond 90 days from date of allotment of units : NIL

The fund re-opens for continuous sale and repurchase within 5 Business Days from the date of allotment.

Mutual fund investments are subject to market risks, read all scheme related documents carefully.

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

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