PGIM India Mutual Fund launches PGIM India Money Market Fund

Mutual Fund
Feb 28, 2020 by Advisorkhoj Team | Mutual Fund | 3 Downloaded

NFO period: 28th February – 05th March, 2020

Highlights of the NFO:

  • Scheme type – An open ended debt scheme investing in money market instruments

  • Investment objective – The scheme seeks to deliver reasonable market related returns through investments in Money Market instruments. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not guarantee/indicate any returns.

  • Product suitability – The product is suitable for investors who are seeking regular income for short term by investing in Money Market instruments.

  • Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – Regular Plan & Direct Plan having Growth Option and Dividend Option with Dividend Payout and Dividend Reinvestment sub-options.

  • Fund Managers – Mr. Kumaresh Ramakrishnan and Mr. Kunal Jain

  • Benchmark – CRISIL Money Market Fund Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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