PGIM India Retirement Fund Direct Growth

PGIM India Retirement Fund Direct Growth is a hybrid fund. This fund was started on 19 April, 2024. The fund is managed by Puneet Pal, Vinay Paharia, Anandha Padmanabhan Anjeneyan. This fund gives you the benefit of diversification.

1. PGIM India Retirement Fund Direct Growth has ₹73 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
2. The fund has an expense ratio 0.7.
   

PGIM India Retirement Fund Direct Growth has given a CAGR return of 15.18% since inception.

PGIM India Retirement Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Health, Tech, Consumer Defensive, Communication, Energy, Utilities, Real Estate.

As it is a retirement mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

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, REITs and InvITs, and fixed income securities. However, there is no assurance that the investment objective of the scheme will be achieved. The Scheme does not guarantee/ indicate any returns.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. There is a lock in period for PGIM India Retirement Fund Direct Growth of 5 Years