PGIM India Money

PGIM India Money Market Fund NFO Details

PGIM India Money Market Fund NFO period starts from Feb 28 to March 05 

PGIM India Mutual Fund to launch its new fund offer, namely, PGIM India Money Market Fund. So then, this fund comes as an open-ended debt scheme. Also, it would invest in money market instruments. Besides, the subscription would open on Feb 28, 2020. However, it remains closed on March 5, 2020. 

PGIM India Money Market Fund NFO Details 

Fund Name  PGIM India Money Market Fund
Fund House  PGIM India Mutual Fund
NFO Period  Feb 28 to March 05, 2020
Benchmark  CRISIL Money Market Fund Index 

The PGIM India MF NFO offer price would remain Rs 1000 per unit. Also, the benchmark remains CRISIL Money Market Fund Index

Entry Load and Exit Load 

Precisely, there seems no entry and exit load for this offer. 

Minimum Investment Amount 

Significantly, as per the draft prospectus, the minimum investment for the initial purchase stood as Rs 5,000 and in multiples of Re 1/- thereafter. Also, for additional purchases, the minimum amount would remain Rs 1000 and in multiples of Re 1/- thereafter. 

Objects of the NFO 

Particularly, the scheme seeks to deliver reasonable market-related returns through investments in Money Market Instruments. However, there can exist no assurance that the investment objective would remain achieved. Hence, the scheme does not guarantee any returns. 

Allocation Pattern 

Instruments  Indicative Allocations  Risk Profile 
Money Market Instruments  0 to 100%  Low 

Disclaimer: This article offers just information regarding the scheme. It does not provide any advice or investment tips to investors. MF investments are fixed to market risk. Please consult your financial advisor before invest.

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