|Min SIP Amount||₹1000|
|NAV||₹10.59 (23 Jul 2021)|
|Fund Started||27 Aug 2014|
|Fund Size||₹99 Cr|
|PGIM India Insta Cash Fund Direct Plan-Growth||Financial||Mutual Fund||26.5%|
|Adani Ports and Special Economic Zone Ltd.||Services||Equity||4.5%|
|Reliance Industries Ltd.||Energy||Equity||4.3%|
|Aurobindo Pharma Ltd.||Healthcare||Equity||4.1%|
|Tata Steel Ltd.||Metals||Equity||3.3%|
|Muthoot Finance Ltd.||Financial||Equity||2.8%|
|Indusind Bank Ltd.||Financial||Equity||2.8%|
|Hindalco Industries Ltd.||Metals||Equity||2.3%|
|Ultratech Cement Ltd.||Construction||Equity||2.3%|
PGIM India Arbitrage Fund Direct IDCW Monthly is a Hybrid Mutual Fund Scheme launched by PGIM India Mutual Fund. This scheme was made available to investors on 27 Aug 2014. Utkarsh Katkoria, Hitash Dang is the Current Fund Manager of PGIM India Arbitrage Fund Direct IDCW Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹99 Cr and the Latest NAV as of 23 Jul 2021 is ₹10.59.
The PGIM India Arbitrage Fund Direct IDCW Monthly is rated Low risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000.
The scheme seeks to generate income by investing in arbitrage opportunities that potentially exist between the cash and derivatives market as well as within the derivatives segment of the market. Investments may also be made in debt & money market instruments.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.