PGIM India Mutual Fund, formerly known as DHFL Pramerica Mutual Fund, is now a wholly-owned subsidiary of Prudential Financial's global investment management division, PGIM. PGIM is a leading global investment manager, offering a variety of actively managed asset classes and investment styles, including equities, fixed income, and real estate.
Prudential Financial Inc. sponsors PGIM India Mutual Fund. With a presence in 17 countries and 39 offices, Prudential Financial has over 1,300 investment professionals worldwide, including in the United States, Asia, Europe, and Latin America. The company offers a wide range of products and services, including life insurance, annuities, retirement-related services, mutual funds, and investment management. PGIM India Asset Management is a full-service investment manager serving both retail and institutional investors across the country.
They offer a vast range of equity and fixed-income products and services. PGIM India manages approximately 25 open-ended funds operated by 17 investment experts. Besides managing assets through domestic mutual funds, they also provide offshore funds and portfolio management services. PGIM leverages its 145-year legacy to build on its decade-long presence in India.
Investing in the best PGIM India Mutual Funds or any other top-performing mutual fund is quick and simple with Bullsmart. One needs to follow the steps provided below:
1. Sign in to the Bullsmart app using your mobile number and validate it with an OTP. Then, click on "Open Account for Free" and complete the KYC process by entering your PAN number, date of birth, and additional details such as gender preference, marital status, occupation, income, Source of Wealth, and trading preference.
2. Choose your bank and enter bank account details including IFSC code and account number. Once entered, verify the details.
3. Share the required documents via DigiLocker. Enter your Aadhar number, captcha code, and the OTP sent to your registered mobile number. Finally, enter the 6-digit DigiLocker PIN to complete the KYC process.
4. Add a photo and e-signature to finalise the process.
5. If desired, add a nominee, click on submit and you're all set to start your investment journey with Bullsmart.
In order to help you become a smart investor with Bullsmart, we've simplified the entire process just for you. To get started, ensure you have the following essential documents at hand:
Mutual fund schemes themselves are neither taxable nor tax-exempt. However, the gains you accrue from your mutual fund investment are subject to taxation, which varies based on the type of scheme and the duration of your investment.
You can initiate your investment in PGIM India Mutual Funds online via Bullsmart with ease. Additionally, you have the option to invest through the official website of the respective fund house.
PGIM India Mutual Funds is a renowned AMC in India. While its funds have delivered substantial returns to investors, it is also important to not solely focus on returns when selecting a fund. Consideration of other factors such as risk, volatility, fund manager's experience, and your return expectations and risk tolerance is essential in determining the most suitable fund for your needs.
Redemption charges depend on the type of mutual fund you want to sell. Generally, an exit load and taxes are applicable.
To redeem PGIM India Mutual Funds investments have been made even more convenient through the Bullsmart app. Investors can simply log in to their Bullsmart account, navigate to the PGIM India Mutual Fund section, and initiate the redemption process with just a few taps.
Investing in PGIM India Mutual Funds SIP is generally considered safe. However, like all mutual fund investments, it is subject to market risks. It's essential to carefully assess your investment goals and risk tolerance before investing.