PGIM India Mutual Fund launches Retirement Fund

PGIM India Mutual Fund launched a new fund, PGIM India Retirement Fund (NFO), on March 26, 2024. This open-ended solution-oriented fund aims to provide investors with capital appreciation and income for their retirement through a mix of equity, equity-linked instruments, REITs, InvITs, and fixed-income securities. The minimum investment amount is Rs. 5,000 and there is a lock-in period of 5 years or until the investor reaches 60 years old, whichever comes first. It is important to note that the scheme does not guarantee any returns.

Investment Objective

The investment objective of the PGIM India Retirement Fund (NFO) is to provide capital appreciation and income to investors in line with their retirement goals by investing in a mix of securities comprising equity, equity-related instruments, REITs and InvITs, and fixed-income securities. However, there is no assurance that the investment objective of the scheme will be achieved. The Scheme does not guarantee/indicate any returns.

This NFO of PGIM India Retirement Fund is suitable for investors who are seeking long-term capital appreciation and investment predominantly in equity and equity-related instruments

Risk-o-meter: 

Funds Allocation

Benchmark

The performance of the PGIM India Retirement Fund is benchmarked against the S&P BSE 500 TRI.

Fund Managers

Mr. Vinay Paharia, Chief Investment Officer overseeing the equity portion, holds a Bachelor’s degree in Commerce (B.Com.) and a Master’s in Management Studies (M.M.S.). With a cumulative experience exceeding 20 years in the Indian financial markets, his expertise lies predominantly in equity research and fund management.

On the other hand, Mr. Puneet Pal, responsible for managing the debt, REITs, and InVITs portion, serves as the Head of Fixed Income. Aged 47 and holding an MBA in Finance from Symbiosis Institute of Business Management, Pune, Mr. Pal boasts over two decades of dedicated involvement in the debt markets within the mutual fund domain.

Top 4 Peer Schemes (AUM wise) 

Characteristics of Retirement Funds

• • Designed for long-term growth to meet retirement needs
  • Invests in a mix of stocks and bonds for diversification
  • Gradually shifts to safer investments as you near retirement
  • May offer income options for retirees
  • Typically has low expense ratios

• Often comes with a lock-in period to discourage early withdrawal

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.