3 Year return
5.95%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Moderately Low Risk
Asset Under Management
₹231.68 Cr.
Expense Ratio
0.2% (inclusive of GST)
Exit Load
Nil
Tax Implications
Withdrawal within 3 years
Tax based on your income tax bracket
Withdrawal after 3 years
20% tax after indexation (adjusting for inflation)
Fund Holdings
PGIM India Mutual Fund Managers
KJ
Kunal Jain
Fund Manager since Apr 2022
Fund House Details
PGIM India Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
Edelweiss Money Market Fund Direct Plan IDCW Payout |
5.59% |
1.5 |
Edelweiss Money Market Fund Direct Plan Annual IDCW Payout |
5.58% |
1.5 |
SBI Savings Fund Direct Plan Weekly IDCW Payout |
5.68% |
3 |
Schemes by PGIM India Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Arbitrage Fund
PGIM India Arbitrage Fund Direct Plan Growth
Hybrid . Arbitrage Fund
PGIM India Arbitrage Fund Direct Plan Regular Dividend Payout
Hybrid . Arbitrage Fund
PGIM India Arbitrage Fund Direct Plan Regular Dividend Reinvestment
Hybrid . Arbitrage Fund
PGIM India Arbitrage Fund Direct Plan Monthly Dividend Payout
Hybrid . Arbitrage Fund
PGIM India Arbitrage Fund Direct Plan Monthly Dividend Reinvestment
About PGIM India Money Market Fund Direct Plan Growth
The PGIM India Money Market Fund Direct Plan Growth is a money market fund managed by PGIM India Mutual Fund. It is a debt fund, which means that it invests in debt securities. The fund is an open-ended fund, which means that it can issue and redeem units on a daily basis. The expense ratio of the fund is lower than the category average.
Investment Objectives of the Scheme
The primary objective of the PGIM India Money Market Fund Direct Plan Growth is to generate reasonable returns with a focus on capital preservation and liquidity. The fund aims to achieve this by investing in a diversified portfolio of money market instruments, such as commercial paper, certificates of deposit, treasury bills, and other short-term debt securities.
Key Features of The Fund
5-year return | NA |
Expense Ratio | 0.2% |
Fund Manager | Kunal Jain |
Fund Size | ₹231.68 Cr |
Risk Profile | Moderately Low |
Is This Scheme Right for Me?
PGIM India Money Market Fund Direct Plan Growth could be suitable for investors who are seeking a low-risk, short-term investment option that provides liquidity and a potential alternative to traditional savings accounts or fixed deposits. If you have a low-risk tolerance, a need for quick access to your funds, and are looking to park surplus funds for a short duration, this fund might align well with your preferences. Before investing, it's crucial to align the fund's objectives with your own financial goals, risk tolerance, and investment horizon.
AMC Contact Details
Name | PGIM India Mutual Fund |
Launch Date | May 2010 |
Addresss | 4th Floor, C Wing, Laxmi Towers, Bandra Kurla Complex,Bandra (East), Mumbai - 400 051 Phone No: +91 22 6159 3000 |
Contact | 1800 266 7446 |
care@pgimindia.co.in | |
Website | https://www.pgimindiamf.com/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
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FAQs
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How do I invest in PGIM India Money Market Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in PGIM India Money Market Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in PGIM India Money Market Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in PGIM India Money Market Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.