Mutual Fund News : PGIM India Mutual Fund launches PGIM India Money Market Fund

Publish Date:

PGIM India Mutual Fund has launched PGIM India Money Market Fund. It is an open ended Money Market fund.

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

The performance of the fund will be benchmarked against CRISIL Money Market Fund Index.

The fund will be managed by Mr Kumaresh Ramakrishnan and Mr Kunal Jain.

The NFO opens for subscription on February 28, 2020 and closes on March 05, 2020.

The New Fund Offer is priced at Rs 1,000 per unit and the minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1 thereafter.

The scheme offers Regular Plan and Direct Plan having Growth Option, Dividend Payout, Dividend Re-Investment & Dividend Sweep Option.