PGIM MF introduces Retirement Fund
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PGIM India Mutual Fund has launched PGIM India Retirement Fund, an open-ended retirement solution-oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier). The NFO opens for subscription on March 26, 2024 and closes on April 09, 2024. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The performance of the Scheme is measured against S&P BSE 500 TRI and its fund managers are Vinay Paharia and Puneet Pal.
The investment objective of the scheme is 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.
