PGIM-India-Balanced-Advantage-Fund-NFO-Elite
Scheme Name PGIM INDIA BALANCED ADVANTAGE FUND
Issue Open January 15, 2021  – January 29, 2021
Type of Scheme

An open ended Dynamic Asset Allocation Fund

Benchmark CRISIL Hybrid 50+50 Moderate Index
Investment Objective To provide capital appreciation and income distribution to the investors by dynamically managing the asset allocation between equity and fixed income using equity derivatives strategies, arbitrage opportunities and pure equity investments. The scheme seeks to reduce the volatility bydiversifying the assets across equity and fixed income.
However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/ indicate any returns.
Minimum Application Amount/Number of Units Initial Purchase/Switch-in – Minimum of Rs. 5,000/- and in multiples of Re.1/-thereafter.
Additional Purchase – Minimum of Rs. 1,000/- and in multiples of Re.1/-thereafter.
Redemption Amount/Switch-out – Rs. 1,000/- and in multiples of Re. 1 thereafter or account balance, whichever is lower.
Name of the Fund Manager(s) & Tenure in managing the scheme Mr. Aniruddha Naha (for investment in equity and equity related securities).
Tenure in managing scheme: Not Applicable
Mr. Kumaresh Ramakrishnan (for investment in debt and money market securities).
Tenure in managing scheme: Not Applicable
Mr. Anandha Padmanabhan (for investment in foreign securities)
Tenure in managing scheme: Not Applicable

Asset Allocation

Assest allocation pgim elite

Key Features

  • The equity allocation will be based on predefined bands based on divergence between short term P/E(20 day average) & long-term average P/E(15 yr average). The time tested DAAAF Model will use average of 15 years rolling P/E of Nifty 50 Index as a long term P/E.
  • Equity & Equity related Instruments – 65% – 100%; Debt & Money Market Instruments – 0% – 35%. The minimum directional exposure equity will not go below 30% & the balance will be invested in derivatives.
  • The scheme also has the option to invest into foreign securities up to 20% of the corpus of the fund.
  • Fund Managers – Aniruddha Naha, Sr. FM for equity investments (Managing the PGIM India Diversified Equity Fund & Midcap Opportunities Fund), Kumaresh Ramakrishnan, CIO-Fixed income, A Anandha, FM (PGIM India Emerging Markets Equity Fund) will respectively manage the debt & overseas investments for the scheme.
  • Exit Load : 0.50% for redemption/switch-out < 90 days, NIL after 90 days. Benchmark – CRISIL Hybrid 50+50 Moderate Index.
  • Switches between BAF & Equities/Hybrid/International funds shall NOT attract any exit load

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