Mutual Fund News : PGIM India Mutual Fund files offer document for PGIM India Retirement Savings Fund

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PGIM India Mutual Fund has filed offer document with SEBI to launch an open ended retirement solution oriented scheme named 'PGIM India Retirement Savings Fund'.

The investment objective of the scheme is to provide capital appreciation and income to investors in line with their retirement goals by investing in a mix of securities comprising of equity, equity related instruments and fixed income securities.

The performance of the scheme will be benchmarked against Nifty 500 Total Return Index.

The New Fund Offer price is Rs 10 per unit and the minimum application amount for initial purchase is Rs 500 and in multiples of Rs 500 thereafter. The scheme offers growth and dividend options.

It seeks to collect a Minimum Target Amount of Rs 10 crore.