PGIM India launches Multi Asset Allocation Fund NFO at ₹10
By Shishta Dutta | Published at: Aug 29, 2025 01:15 PM IST
Mumbai, 29 August 2025: PGIM India Mutual Fund has announced the launch of PGIM India Multi Asset Allocation Fund. The allocation fund is an open-ended scheme that will invest across equities, debt and money markets. Furthermore, it will invest in Gold and Silver Exchange Traded funds (ETFs).
The fund will offer its units at ₹10 during the New Fund Offer. The risk profile of the fund is very high as it has investments across asset classes. The scheme will try to maintain a minimum of 65% gross equity exposure for tax treatment to be equity-oriented. The exposure for derivatives is capped at a maximum of 50% of the net assets. The fund’s total expense ratio is up to 2.25% on the first slab of ₹500 crore.
Investors can subscribe and redeem the units on all business days. In case of redemption, the proceeds will be credited within 3 business days. The cut-off timings are 3:00 PM for both purchase and redemption of the units. The fund includes facilities such as Systematic Investment Plan (SIP), Systematic Transfer Plan (STP) and Systematic Withdrawal Plan (SWP), along with top-up facilities.
Key Scheme Highlights
- Category and type: Multi Asset Allocation – open-ended
- Investment objective: Long-term capital appreciation through investments in diversified multi-asset portfolios. However, it assures no returns on the investment
- Benchmark: 60% Nifty 500 TRI + 20% CRISIL Short Term Bond Index + 10% domestic gold prices + 10% domestic silver prices
- Plans and options: Regular and Direct; Growth and IDCW
- Risk: Very High
- NFO price: ₹10 per unit
- Minimum target amount: ₹10 crore.
Asset Allocation
- Equity and equity-related (including derivatives) – Minimum of 30% and maximum of 70%
- Debt and money market instruments – Minimum of 10% and maximum of 35
- Gold ETFs and Silver ETFs – Minimum of 105 and maximum of 25%
- REITs and InvITs – Minimum of 0% and maximum of 10%
Benchmark Composition
| Component | Weight |
|---|---|
| Nifty 500 TRI | 60% |
| CRISIL Short Term Bond Index | 20% |
| Domestic Gold Prices | 10% |
| Domestic Silver Prices | 10% |
Pricing, Loads and Investor Thresholds
| Feature | Details |
|---|---|
| NFO price | ₹10 per unit |
| Exit load | 0.50% if redeemed within 90 days, Nil thereafter |
| Minimum purchase | ₹5,000 and multiples of ₹1 |
| Additional purchase | ₹1,000 and multiples of ₹1 |
| Minimum redemption | ₹1,000 and multiples of ₹1 or the balance, whichever is lower |
| NAV disclosure | Calculated and updated on all business days, published before 11:00 p.m. |
REF: https://www.sebi.gov.in/filings/mutual-funds/aug-2025/pgim-india-multi-asset-allocation-fund_96326.html
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