March 22, 2024
mayank
PGIM India Retirement Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the PGIM India Retirement Fund Open Date, Close Date?
NFO opens on March 26, 2024
NFO will close on April 09, 2024
What is the Investment Strategy?
The scheme seeks 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.
Basic Details
| Fund House | PGIM India Mutual Fund |
| Issue Open | 26 March 2024 |
| Issue Close | 09 April 2024 |
| Type | Open-ended |
| Category | Equity: Multi Cap |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | 5 Years |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | S&P BSE 500 Index (TRI) |
What is the Benchmark Index of PGIM India Retirement Fund?
The S&P BSE 500 index is designed to be a broad representation of the Indian market. Consisting of the top 500 companies listed at BSE Ltd., the index covers all major industries in the Indian economy.
Index Attributes:
The index consists of 500 constituents listed at BSE Ltd. It is calculated using a float-adjusted, market-cap-weighted methodology. Regarded as a proxy for the Indian economy, the S&P BSE 500 captures more than 95% of the market cap of the listed universe at BSE Ltd.
Methodology Construction
1) Universe. Constituents must be members of the S&P BSE AllCap.
2) Market Cap. Index market cap is based on float-adjusted market cap.
3) Liquidity. This is measured by using average three-month value traded in the rank value traded in the ranking calculation. In addition, eligible companies must have traded for at least 80% of the trading days at the BSE during the three-month reference period.
4) Constituent Selection. Eligible stocks are considered for index inclusion based on their final ranking standing. Rankings are calculated assuming a combination of average total market cap, average float-adjusted market cap, and average value traded, over a period of six months prior to the rebalancing. The top 500 ranked stocks form the index. In order to keep turnover at a minimum, new eligible securities will only be considered for index inclusion if current index stocks fail to remain among the top 550 securities. Between rebalancing dates, an index addition generally is made only if a vacancy is created by an index deletion. Deletions may occur at any time due to acquisitions, mergers, spin-offs, suspension or bankruptcies.
Quick Facts
| WEIGHTING METHOD | Float-adjusted market cap weighted |
| REBALANCING FREQUENCY | Semiannually in June and December |
| CALCULATION FREQUENCY | Real time |
| CALCULATION CURRENCIES | INR, USD |
| LAUNCH DATE | August 9, 1999 |
| FIRST VALUE DATE | February 1, 1999 |
Performance
| Performance | ||||||||
| INDEX LEVEL | RETURNS | ANNUALIZED RETURNS | ||||||
| 1 MO | 3 MOS | YTD | 1 YR | 3 YRS | 5 YRS | 10 YRS | ||
| TOTAL RETURNS | 40,081.34 | 1.66% | 11.93% | 3.61% | 39.47% | 19.47% | 19% | 16.71% |
| PRICE RETURNS | 31,777.02 | 1.51% | 11.72% | 3.44% | 37.65% | 17.94% | 17.49% | 15.21% |
Calendar Year Performance
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
| TOTAL RETURNS | 26.55% | 4.77% | 31.63% | 18.41% | 8.98% | -1.81% | 37.60% | 5.15% | 0.45% | 38.93% |
| PRICE RETURNS | 24.85% | 3.34% | 30.11% | 16.80% | 7.75% | -3.08% | 35.94% | 3.78% | -0.82% | 36.96% |
Risk
| ANNUALIZED RISK | ANNUALIZED RISK-ADJUSTED RETURNS | |||||
| 3 YRS | 5 YRS | 10 YRS | 3 YRS | 5 YRS | 10 YRS | |
| STD DEV | 13.17% | 19.19% | 16.88% | 1.48 | 0.99 | 0.99 |
Fundamentals
| P/E [TRAILING] | P/E [PROJECTED] | P/B | INDICATED DIV YIELD | P/SALES | P/CASH FLOW |
| 25.71 | 24.72 | 4.15 | 1.05% | 2.87 | -20.34 |
Index Characteristics
| NUMBER OF CONSTITUENTS | 501 |
| CONSTITUENT MARKET CAP [INR CRORE] | |
| MEAN TOTAL MARKET CAP | 69,392.75 |
| LARGEST TOTAL MARKET CAP | 19,78,792.55 |
| SMALLEST TOTAL MARKET CAP | 3,378.43 |
| MEDIAN TOTAL MARKET CAP | 24,224.40 |
| WEIGHT LARGEST CONSTITUENT [%] | 6.7 |
| WEIGHT TOP 10 CONSTITUENTS [%] | 34.6 |
Study about Benchmark Index in details
Performance Review of the Fund Managers of PGIM India Retirement Fund?
1) Vinay Paharia
Education: Mr. Paharia holds a B.Com degree from Narsee Monjee College and an M.M.S. degree from Welingkar Institute of Management, Mumbai.
Experience: Prior to joining PGIM India Mutual Fund, he was associated with Union Mutual Fund, Invesco Asset Management Company, L&T Mutual Fund, K R Choksey Shares and Securities Pvt Ltd (Jan 2004-Jan 2006), First Global Stock broking Pvt. Ltd (Jun 2002-Jan 2004).
Past Performance of his Schemes
| Fund | PGIM India ELSS Tax Saver Fund | It’s Benchmark | PGIM India Equity Savings Fund | It’s Benchmark |
| 1 Year | 23.33 | 39.05 | 9.39 | 16.63 |
| 3 Year | 16.57 | 18.52 | 7.38 | 9.39 |
| 5 Year | 15.57 | 17.21 | 7.27 | 9.37 |
| 7 Year | 13.64 | 15.55 | 6.95 | 9.15 |
| 10 Year | — | — | 8.38 | 9.43 |
2) Puneet Pal
Education: Mr. Pal is a B.Com (H) and MBA from SIBM Pune.
Experience: Prior to joining PGIM India Mutual Fund, he has worked with BNP Paribas AMC as Head Fixed Income, UTI AMC as Sr. Vice President & Fund Manager & TATA AMC as Fund Manager.
Past Performance of his Schemes
| Fund | PGIM India Flexi Cap Fund | It’s Benchmark | PGIM India Hybrid Equity Fund | It’s Benchmark |
| 1 Year | 25.68 | 39.05 | 20.62 | 27.29 |
| 3 Year | 14.86 | 18.52 | 10.44 | 14.28 |
| 5 Year | 18.34 | 17.21 | 10.51 | 13.87 |
| 7 Year | 14.92 | 15.55 | 8.75 | 13.51 |
| 10 Year | — | — | 10.66 | 13.20 |
Which Company Owns PGIM India Retirement Fund?
PGIM India Asset Management Pvt. Ltd.
Address: 204, 2nd Floor, Jalaram Business Centre, Ganjawala Lane Near Chamunda Circle, Borivali (W) Mumbai – 400092
Website: https://www.pgimindiamf.com
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: www.karvymfs.com
Is it good to invest in PGIM India Retirement NFO?
Guidance for PGIM India Retirement Fund by Paresh Gordhandas, C.A., Research Analyst.
The PGIM India Retirement Fund is based on the S&P BSE 500 Index as its benchmark. The Fund has a lock-in period of 5 years. The fund is a multi cap Fund where the Fund Managers invest in a mix of securities comprising of equity, equity related instruments, REITs and InvITs, and fixed income securities.
The Fund Manager is Mr. Vinay Paharia, who is the Chief Investment Officer for PGIM India Mutual Funds and by Mr. Puneet Pal who is the Head-Fixed Income for PGIM India Mutual Funds. Both the Fund Managers have a vast experience to their credit.
However, a sample study done to check the fund performance of the funds managed by them shows that the returns earned are much lower than benchmark returns of their respective funds.
This is a multi-cap fund with both Growth and IDCW options. Hence, if held for a longer period of time, wealth creation can be good.
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PGIM India Retirement Details
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