PGIM India Mutual Fund
PGIM India Mutual Fund (previously known as DHFL Pramerica Mutual Fund) is a part of PGIM, which itself is the investment division of the large US firm Prudential Financial Inc. (PFI).
The company is extremely old and reputable. They operate in most countries, such as the USA, Asia, Europe, and Latin America. Besides mutual funds, they also operate in insurance, retirement services, and other financial products.
Global Strength
PGIM is one of the world's top 10 investment managers.
They oversee over USD 1.4 trillion (that's big bucks!).
PGIM has a presence in 16 nations, with 38 offices and 1300+ specialists.
In India, they manage funds of Rs 23,240.16 Crore (March 2024).
What PGIM India Provides
PGIM India Mutual Fund provides both equity (shares) and debt (bonds) choices. They have hybrid funds (a combination of both) too.
They have 19 open-ended funds. They are operated by prudent fund managers who make investment decisions. PGIM also assists investors with overseas funds and portfolio management.
PGIM's 140+ years of history make investors strong, trustworthy, and stable.
Quick Highlights
Presence in 27 cities across India.
8000+ distributors assist individuals in investing.
1500+ strong institutional relationships.
4 portfolios with AAA rating by ICRA.
Investor-specific special tax-efficient portfolio.
Key information about PGIM India Asset Management
Mutual Fund name | PGIM India Mutual Fund |
Asset Management Company Name | PGIM India Asset Management |
AMC Setup Date | 13th May, 2010 |
AMC Incorporation Date | 24th September, 2008 |
Sponsor name | Prudential Financial |
Trustee organisation | DHFL Pramerica Trustee Private Ltd. |
Name of Trustee | Dr. John Praveen Mr. Srinath Sridharan Mr. Kanakasabapathy Kumar Mr. Rakesh Sood Mr. Sivaraman Narayanaswami |
MD and CEO | Mr. Ajit Menon |
CIO | Mr. Srinivas Rao Ravuri |
Compliance Officer | Mr. Sandeep Kamath |
Investor Service Officer | Mr. Murali Ramasubhramanian |
How to Invest in PGIM India Mutual Funds? (Online – Step by Step)
Make an account on the app/website.
Upload your proof of ID (PAN, Aadhaar, passport, driving licence, etc.).
Upload your proof of address (with permanent address).
Choose your investment tenure (short, medium, or long).
Choose your risk category (low, medium, or high).
Choose the PGIM fund for investment.
Click on Invest One Time (lump sum) or Start SIP (monthly).
Within 3–4 working days, the investment will reflect in your Groww account.
Top Fund Managers
The following are some key experts who manage your money:
Mr Aniruddha Naha – Manages equity funds (joined PGIM in 2018).
Mr Alok Agarwal – Manages large-cap & global funds (joined in 2016).
Mr Utkarsh Katkoria – Manages Arbitrage Fund.
Mr Kumaresh Ramakrishnan – Head of Fixed Income (Debt Funds).
Mr Rakesh Suri – Manages floating rate & bond funds.
Mr Puneet Pal – Director of Fixed Income (Debt Schemes).
Popular PGIM Mutual Funds (With Returns)
Fund Name | Category | Min Investment Amt | AUM | 1Y Returns | Min. SIP |
PGIM India Ultra Short Duration Fund | Debt | Rs 5,000 | Rs 240Cr | 7.5% | Rs 1,000 |
PGIM India Equity Savings Fund | Hybrid | Rs 5,000 | Rs 72Cr | 5.8% | Rs 1,000 |
PGIM India Dynamic Bond Fund | Debt | Rs 5,000 | Rs 106Cr | 6.6% | Rs 1,000 |
PGIM India Corporate Bond Fund | Debt | Rs 5,000 | Rs 88Cr | 8.4% | Rs 1,000 |
PGIM India Gilt Fund | Debt | Rs 5,000 | Rs 106Cr | 5.2% | Rs 1,000 |
PGIM India Liquid Fund | Debt | Rs 5,000 | Rs 527Cr | 7.0% | Rs 1,000 |
PGIM India ELSS Tax Saver Fund | Equity | Rs 5,00 | Rs 763Cr | 1.8% | Rs 500 |
PGIM India Flexi Cap Fund | Equity | Rs 5,000 | Rs 6,214Cr | 1.7% | Rs 1,000 |
PGIM India Large Cap Fund | Equity | Rs 5,000 | Rs 595Cr | 0.4% | Rs 1,000 |
PGIM India Aggressive Hybrid Fund | Hybrid | Rs 5,000 | Rs 214Cr | 5.1% | Rs 1,000 |
PGIM India Midcap Fund | Equity | Rs 5,000 | Rs 11,400Cr | 2.1% | Rs 1,000 |
PGIM India Balanced Advantage Fund | Hybrid | Rs 5,000 | Rs 946Cr | 3.5% | Rs 1,000 |
PGIM India Money Market Fund | Debt | Rs 5,000 | Rs 220Cr | 7.7% | Rs 1,000 |
PGIM India Arbitrage Fund | Hybrid | Rs 5,000 | Rs 107Cr | 6.9% | Rs 1,000 |
PGIM India Small Cap Fund | Equity | Rs 5,000 | Rs 1,558Cr | 0.7% | Rs 1,000. |
FAQs
Q1. Is PGIM India Mutual Fund safe?
Yes, it is supported by Prudential Financial (US), which is one of the largest investment managers globally.
Q2. What is the minimum amount to start?
You can start SIP for as low as Rs 500 in ELSS Fund and ?1,000 in others.
Q3. Which PGIM fund is suitable for beginners?
The ELSS Tax Saver Fund (for tax advantage) and Flexi Cap Fund (for long-term capital appreciation) are nice beginner options.
Q5. For how long do I need to stay invested?
For debt funds, for a minimum of 1–3 years. For equity funds, at least 5 years would be ideal for nice returns.
