PGIM India Mutual Fund operates as a division of PGIM, the global investment management arm of Prudential Financial, Inc. (PFI), headquartered in the United States. Formerly known as DHFL Pramerica Mutual Fund, it comes with a wide range of equity and fixed-income solutions for retail and institutional investors across India.
The PGIM mutual fund portfolio includes various types of equity, debt, hybrid, and international fund schemes. Additionally, PGIM India Mutual Fund extends advanced services that include Offshore Funds and Portfolio Management. Continuing the 140-year legacy of PGIM, this subsidiary firm has managed assets worth Rs. 23,466.81 crore till 31st December 2023.
Analyse your mutual fund portfolio with INDstories using INDMoney app
4th Floor, C Wing, Laxmi Towers, Bandra Kurla Complex, Bandra (East), Mumbai – 400051
022-61593000
Now that you have understood the scheme, you can start your investment journey with PGIM India Asset Management using the INDmoney app. Just follow the stepwise process outlined below.
Step 1: Download the INDmoney app and create your free investment account by completing your KYC ( Know Your Customer).
Step 2: Once your Free investment account is ready, you can either search for PGIM Mutual Fund or go to the mutual fund section.
Step 3: Choose any PGIM Mutual Fund by looking at aspects like past returns, volatility, downside capture ratio, AUM, Expense ratios and underlying stocks and sectors.
Step 4: You can choose to set up a SIP in any PGIM Mutual Fund or even invest as a lump sum. Once you are on the individual PGIM Mutual Fund page, click on "One-time" for lump sum investment or "SIP" for a systematic investment plan.
Step 5: Choose the amount that you want to invest as SIP or Lump Sum.
Step 6: Set up payments. If you choose to set up SIP in any SBI mutual funds, you can do a free automatic pay set up via bank mandate or UPI. If you choose to invest in a lump sum (one-time), then you can pay via UPI, net banking, NEFT or RTGS.
It generally takes around 3-4 working days for mutual fund units to reflect after payment in the INDmoney account.
If you want to redeem your PGIM mutual fund units, you need to visit the mutual fund page on the app and click on the ‘Redeem’ button. Upon doing so, a redemption request will be sent and the amount will start to reflect in your bank account within a few days.
Yes, the INDmoney app enables its users to increase their investment amount via a step-up SIP facility, allowing them to align their investment with growing financial capacity.
Yes, you need to specify your folio number when it comes to redeeming the mutual fund units of PGIM via its official website. Alternatively, you can do the same via the INDmoney app by simply navigating to the PGIM Mutual Fund section and clicking on the ‘Redeem’ tab.
Generally, you can initiate your mutual fund investment journey with a minimal investment of Rs. 100. However, there are certain PGIM mutual fund schemes designed with varying minimum investment amounts.