PGIM India Balanced Advantage Fund Direct IDCW

PGIM India Balanced Advantage Fund Direct IDCW is a Hybrid Mutual Fund Scheme launched by PGIM India Mutual Fund. This scheme was made available to investors on 13 May 2010. Aniruddha Naha is the Current Fund Manager of PGIM India Balanced Advantage Fund Direct IDCW fund. The fund currently has an Asset Under Management(AUM) of ₹16,371 Cr and the Latest NAV as of 03 Oct 2023 is ₹11.39. The PGIM India Balanced Advantage Fund Direct IDCW is rated Very High risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹5,000. 0.5% for redemption within 90 days ;

Investment Objective

The scheme seeks to provide capital appreciation and income distribution to the investors by dynamically managing the asset allocation between equity and fixed income using equity derivatives strategies, arbitrage opportunities and pure equity investments. The scheme seeks to reduce the volatility by diversifying the assets across equity and fixed income. ;