Fund Details
PGIM India Balanced Advantage Fund Direct Growth
| Risk | Moderate |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.39% |
| NAV | ₹11.01 (23 Jul 2021) |
|---|---|
| Fund Started | 03 Feb 2021 |
| Fund Size | ₹845 Cr |
Comparison
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Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| PGIM India Insta Cash Fund Direct Plan-Growth | Financial | Mutual Fund | 13.4% |
| Tata Consultancy Services Ltd. | Technology | Equity | 4.5% |
| State Bank of India | Financial | Equity | 3.5% |
| ICICI Bank Ltd. | Financial | Equity | 3.3% |
| United Spirits Ltd. | FMCG | Equity | 3.2% |
| Power Finance Corporation Ltd. | Financial | Debenture | 3.0% |
| REC Ltd. | Financial | Debenture | 3.0% |
| Reliance Industries Ltd. | Energy | Equity | 2.5% |
| Adani Ports and Special Economic Zone Ltd. | Services | Equity | 2.5% |
| Asian Paints Ltd. | Chemicals | Equity | 2.4% |
Fund Managers
PGIM India Balanced Advantage Fund Direct Growth Details
PGIM India Balanced Advantage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by PGIM India Mutual Fund. This scheme was made available to investors on 03 Feb 2021. Aniruddha Naha is the Current Fund Manager of PGIM India Balanced Advantage Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹845 Cr and the Latest NAV as of 23 Jul 2021 is ₹11.01.
The PGIM India Balanced Advantage Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. For units in excess of 10% of the investment, 0.50% will be charged 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.
