PGIM India MF launches
retirement fund
PGIM INDIA MUTUAL Fund has launched an open-ended PGIM India Retirement Fund. The fund has a lock in of five years or till retirement age of 60years (whichever is earlier). It aims to provide capital appreciation and income to investors in line with their retirement goals by investing in a mix of secur it iescomprising equity, equity related instruments, REI Tsand InvITs, and fixed in come securities. It will also have a minimum allocation of 25% towards large-cap, mid-cap and small-cap respectively. The portfolio will be built utilising a combination of the top-down-and-out-up portfolio construction process.
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