PGIM India Mutual Fund launches PGIM India Overnight Fund

Mutual Fund
Aug 13, 2019 by Advisorkhoj Team | Mutual Fund | 8 Downloaded

NFO period: 12th August – 26th August, 2019

Highlights of the NFO:

  • Scheme type – An open ended debt scheme investing in overnight securities

  • Investment objective – The scheme aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day. 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 – This product is suitable for investors who are seeking income over a short term investment horizon by investing in debt and money market instruments having maturity of upto 1 business day.

  • Minimum Application Amount – First investment is Rs. 100/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Dividend Option. Dividend option having two sub-options Payout Facility and Re-investment Facility.

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

  • Benchmark – NIFTY 1D Rate Index

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

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