Mutual Fund News : PGIM India Mutual Fund files offer document for Money market Fund

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PGIM India Mutual Fund has filed offer document with SEBI to launch an open ended debt scheme named 'PGIM India Money market Fund'.

The investment objective of the scheme is to deliver reasonable market related returns through investments in Money Market instruments.

The performance of the scheme will be benchmarked against CRISIL Liquid Fund Index.

The New Fund Offer price is Rs 1,000 per unit and the minimum application amount for initial purchase is Rs 5000 and in multiples of Re 1 thereafter.

The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 20 crore.