|Min SIP Amount||₹1000|
|NAV||₹12.73 (14 Jan 2021)|
|Fund Started||23 Apr 2014|
|Fund Size||₹40 Cr|
|Indusind Bank Ltd.||Financial||Equity||9.0%|
|HDFC Bank Ltd.||Financial||Equity||7.0%|
|Reliance Industries Ltd.||Energy||Equity||6.5%|
|Bharti Airtel Ltd.||Communication||Equity||5.3%|
|State Bank of India||Financial||Equity||3.7%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||2.8%|
|Glenmark Pharmaceuticals Ltd.||Healthcare||Equity||2.2%|
|Bajaj Finance Ltd.||Financial||Equity||2.2%|
|Kotak Mahindra Bank Ltd.||Financial||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 ₹40 Cr and the Latest NAV as of 14 Jan 2021 is ₹12.73.
The PGIM India Equity Savings Fund Direct Dividend Monthly is rated Moderately High risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. For units in excess of 10% of the investment,0.5% will be charged for redemption within 90 days
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.