PGIM India Large and Midcap Fund, an open-ended equity scheme..!

Mr. K. Kirubakaran,

AMFI Registered Mutual Fund Distributor 

 


PGIM India Mutual Fund announced the launch of the PGIM India Large and Midcap Fund. The scheme opened for public subscription on January 24, 2024, and will close on February 07, 2024.

 

PGIM India Mutual Fund announced the launch of the PGIM India Large and Midcap Fund, an open-ended equity scheme investing in both large-cap and mid-cap stocks.

The scheme opened for public subscription on January 24, 2024, and will close on February 07, 2024. The scheme re-opens for continuous sale and repurchase within five business days from the date of allotment.


      Long-term capital growth

·         Investment in equity and equity-related securities of predominantly large-cap and mid-cap stocks.

Speaking on the new fund offer, Vinay Paharia, CIO, PGIM India Mutual Fund, said, "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."

 

Main objective of investing

 

The investment objective of the scheme is to seek long-term capital growth through investments in equity and equity-related securities of predominantly large-cap and mid-cap stocks. However, there can be no assurance that the investment objective of the scheme will be achieved.

 

Investors can invest under the scheme with a minimum investment of Rs. 5,000 per plan/option and in multiples of Re 1. There is no upper limit for investment.

Under normal circumstances, the asset allocation of the scheme will be as follows:

Instruments

Indicative Allocations (% of total assets)

Risk Profile

Minimum 

Maximum

High/Medium/Low

Equity and Equity-related Securities

70%

100%

Very High

a) Large Cap Companies

35%

65%

Very High

b) Mid Cap Companies

35%

65%

Very High

c) Other than Large Cap and Mid Cap Companies

0%

30%

Very High

Debt and Money Market Securities (including TREPS (Tri-Party Repo), Reverse Repo)

0%

20%

Low to Medium

Units issued by REITs & InvITs

0%

10%

Very High

Foreign securities including overseas ETFs

0%

25%

Very High

Similar mutual funds in the market

 

To date, many asset management companies (AMCs) have launched such large and midcap mutual funds. Some of these include:

Name of the fund

10-year returns (in %)

Mirae Asset Large & Midcap Fund

24.38

Canara Robeco Emerging Equities

22.93

Quant Large and Mid Cap Fund

22.91

Kotak Equity Opportunities Fund

19.02

DSP Equity Opportunities Fund

18.38

SBI Large & Midcap Fund

18.32

Invesco India Growth Opportunities Fund

18.12

Sundaram Large and Mid Cap Fund

17.96

Edelweiss Large and Mid Cap Fund

17.95

Bandhan Core Equity Fund

17.37

ICICI Prudential Large & Mid Cap Fund

17.26

Nippon India Vision Fund

16.20

Source: AMFI (As of January 24, 2024)

Scheme benchmark

The benchmark for the scheme is NIFTY LargeMidcap 250 index TRI. The NIFTY Large Mid cap 250 reflects the performance of a portfolio of 100 large-cap and 150 mid-cap companies listed on NSE, represented through the NIFTY 100 and the NIFTY Midcap 150 index respectively. This index intends to measure the performance of large and mid-market capitalisation companies with the aggregate weight of large-cap stocks and mid-cap stocks being 50% each, reset every quarter.

 

Vinay Paharia, Anandha Padmanabhan Anjeneya, and Utsav Mehta are the equity fund managers for the scheme, Puneet Pal is the debt fund manager for the scheme and Ojasvi Khicha will manage the overseas investments for the scheme.

 

For more details and Investing

Mr. K. Kirubakaran,

AMFI Registered Mutual Fund Distributor

Vadapalani,

Chennai

Mob : 73050 68154

E - mail : moneykriya@gmail.com

Web Site: www.moneykriya.com

 

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