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.
|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.