PGIM India eyes Rs 500 cr from balanced advantage fund
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Last Updated: Jan 15, 2021, 03:59 PM IST
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The new fund, which is an open-ended dynamic asset allocation fund with a floor of minimum 30 per cent equity, closes on January 29, PGIM said.
PGIM India Mutual Fund on Friday launched its maiden balanced advantage fund from which it expects to garner at least Rs 500 crore.
The new fund, which is an open-ended dynamic asset allocation fund with a floor of minimum 30 per cent equity, closes on January 29, PGIM said.
This product tries to deliver reasonable downside protection and lower volatility, making it suitable for investors who are seeking capital appreciation over a long period and is categorized as equity-oriented scheme.