SIP Minimum Rs. 1,000 PGIM India Healthcare Fund
PGIM India Mutual Fund announced the launch of PGIM India Healthcare Fund, an open ended equity scheme investing across equity and equity related securities of healthcare and pharmaceutical companies. The fund is benchmarked against BSE Healthcare TRI.
New Fund Offer.!
The New Fund Offer (NFO) opens for subscription on November 19, 2024 and closes on December 03, 2024. The scheme re-opens for continuous sale and repurchase on December 11, 2024.
PGIM India Healthcare Fund provides a compelling opportunity for investors to capitalize on India's burgeoning healthcare sector which benefits from low cost, innovation, growing awareness for health insurance, rising FDI inflows and growing medical tourism and more. The fund house believe the best investment one can make is in one's own health. The next best investment is protecting yourself and your family with health/life insurance and investing into healthcare as a segment which is a structural theme.
Expect healthcare sector to be a structural beneficiary of the India growth story. The sector is likely to witness multiple tailwinds like stable and growing domestic demand, strong pricing power, superior exports potential due to India's competitive advantage and China +1 strategy being pursued by global pharma.
The scheme will invest a minimum of 80% in shares of pharmaceutical and healthcare companies, up to 20% in other equities, debt and money markets (up to 20%), REITs & InvITs (up to 10%) and foreign securities including overseas ETFs up to 20%).
The fund may consider investing in various sectors within the healthcare industry, including healthcare services and healthcare manufacturing. Healthcare services include, pharmacy, diagnostics, hospitals and health insurance. Healthcare manufacturing encompasses CRAMS (Contract Research and Manufacturing Services), medical devices, specialty chemicals, formulations and API (Active Pharmaceutical Ingredient), among others.
Key Features..
Minimum Application Amount
· 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: Rs. 1,000 and in multiples of Re. 1 or account balance whichever is lower.
· SIPs: Minimum no. of 5 instalments and minimum amount per instalment - Rs. 1,000 each and in multiples of Rs.1 thereafter.
Exit Load
For each purchase of units through Lumpsum/switch‐in/Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP):
· Within 90 days from the date of allotment of units : 0.50%.
· Beyond 90 days from date of allotment of units : NIL
The entire exit load (net of Goods and Services tax), charged, if any, shall be credited to the scheme.
For More details and investment
Sivakasi Manikandan, MBA (F&M), [MBA, I & FP],
FChFP, CIS, AMFI, CII (London)
Managing Director - AISMONEY
No. 21, MBT Road, (Opp) Indian Bank, Walajapet - 632 513
Ranipet Dt. Tamil Nadu, India.
+ 91 98405 77675
+ 91 96777 66393 (Office)
support@aismoney.com
Mutual fund investments are subject to market risks, read all scheme related documents carefully.
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