Investment Objective and Approach

The Scheme seeks to deliver reasonable market related returns through investments in Money Market instruments. As a debt mutual fund in the money market category, PGIM India Money Market Fund focuses on generating income while maintaining capital stability and liquidity for investors.

The fund primarily invests in short-term, high-quality debt securities such as commercial papers, treasury bills, certificates of deposit, and other money market instruments. This conservative approach makes it suitable for investors seeking relatively stable returns with lower risk compared to equity funds.

Fund Managers

The fund is managed by experienced professionals who bring extensive expertise in fixed income investing:

Mr. Pal - He holds a B.Com (H) and MBA from SIBM Pune. Prior to joining PGIM India Mutual Fund, he has worked with BNP Paribas AMC as Head Fixed Income, UTI AMC as Sr. Vice President & Fund Manager & TATA AMC as Fund Manager.

Mr. Kalyani - He is a CA, ICWA and CISA. Prior to joining PGIM India Mutual Fund, he was associated with IDBI AMC, LIC Mutual Fund, Edelweiss Mutual Fund, Tata Mutual Fund and Star Union Dai-ichi life Insurance C.o. Ltd.

About the Fund House (AMC)

PGIM India Mutual Fund is a wholly owned business of PGIM, the global investment management business of the US based Prudential Financial, Inc. (PFI). Established approximately a decade ago, it draws upon the extensive 140-year legacy of PGIM.

Key Highlights of PGIM India Mutual Fund:

- PGIM operates across 16 countries and has 38 offices with over 1,300+ investment professionals

- It offers a wide range of actively managed asset classes and investment styles including Equities, Fixed Income and Real Estate

- As of March 2024, it has a total AUM of 23240.16 Crores

- Registered with SEBI in May 2010, PGIM India Mutual Fund has managed assets totaling Rs. 2280 crores as of December 2023

Prudential Financial, Inc. (PFI), with operations spanning the United States, Asia, Europe, and Latin America, provides a wide array of products and services, including life insurance, annuities, retirement-related services, mutual funds, and investment management. PGIM India Mutual Fund leverages PGIM's shared legacy of 150 years and global resources along with local investment expertise to create wealth-building solutions for both retail and institutional investors.

Should I Invest in PGIM India Money Market Fund?

PGIM India Money Market Fund can be suitable for investors who:

Ideal for:

- Conservative investors seeking stable returns with lower risk

- Those looking for better returns than traditional savings accounts

- Investors wanting to park surplus funds for short to medium-term periods

- Those seeking regular income with high liquidity

Key Investment Details:

- Fund launch date: 28-02-2020

- AUM: ₹170.77 Crores as on December 13, 2024

- Latest NAV: ₹1,273.487 as of December 12, 2024

- Minimum SIP amount: ₹1,000

- Minimum lumpsum investment: ₹5,000

- Expense ratio: 0.46%

Recent Performance:

- 1-year return: 7.56%, 3-year return: 21.18%, returns since launch: 30.92% (as of December 15, 2024)

The fund is categorized as "Low to Moderate Risk" and offers high liquidity with daily redemption facility, making it an attractive option for conservative investors.

FAQs

What is today's NAV of PGIM India Money Market Fund?

The latest NAV is ₹1,273.487 as of December 12, 2024. NAV is updated daily after market hours.

What is the AUM of PGIM India Money Market Fund?

The fund has an AUM of ₹170.77 crores as of December 13, 2024.

What is the expense ratio of PGIM India Money Market Fund?

The fund has an expense ratio of 0.46%, which is reasonable for debt mutual fund schemes.

What are the returns of PGIM India Money Market Fund since inception?

The fund has delivered 30.92% returns since its launch on February 28, 2020 (as of December 2024).

What is the minimum SIP amount to invest in PGIM India Money Market Fund?

The minimum SIP amount is ₹1,000, while the minimum lumpsum investment is ₹5,000.

How do I invest in PGIM India Money Market Fund?

You can invest through Allvest by creating an account, completing KYC verification, selecting the fund, and choosing your preferred investment method.

How to start a SIP in PGIM India Money Market Fund?

Log in to Allvest, navigate to mutual funds, select PGIM India Money Market Fund, choose "Start SIP", enter your preferred amount and frequency.

How do I automate an SIP in PGIM India Money Market Fund?

Use Allvest's auto-invest feature to set up automatic SIP investments at regular intervals without manual intervention.

How can I withdraw/redeem my investment in PGIM India Money Market Fund?

Access your Allvest account, go to your portfolio, select the fund units you wish to redeem, and submit the redemption request. Funds are typically credited within 1-3 business days.