| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.30% |
| NAV | ₹11.49 (25 Sep 2020) |
|---|---|
| Fund Started | 23 Apr 2014 |
| Fund Size | ₹36 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| RBL Bank Ltd. | Financial | Fixed Deposits | 14.5% |
| Vedanta Ltd. | Metals | Equity | 7.7% |
| Indusind Bank Ltd. | Financial | Equity | 7.5% |
| Hindustan Unilever Ltd. | FMCG | Equity | 7.0% |
| Bharti Airtel Ltd. | Communication | Equity | 6.8% |
| HDFC Bank Ltd. | Financial | Equity | 6.3% |
| Reliance Industries Ltd. | Energy | Equity | 5.2% |
| Adani Enterprises Ltd. | Services | Equity | 4.6% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 3.2% |
| Tata Consultancy Services Ltd. | Technology | Equity | 2.2% |
PGIM India Equity Savings Fund Direct Dividend Monthly is a Hybrid Mutual Fund Scheme launched by PGIM India Mutual Fund. This scheme was made available to investors on 23 Apr 2014. Abhisek Bahinipati, Alok Agarwal is the Current Fund Manager of PGIM India Equity Savings Fund Direct Dividend Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹36 Cr and the Latest NAV as of 25 Sep 2020 is ₹11.49.
The PGIM India Equity Savings Fund Direct Dividend Monthly is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. For units in excess of 10% of the investment, 1% will be charged for redemption within 12 months.
The scheme seeks to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities and investments in debt and 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.