PGIM India Mutual Fund’s recently closed NFO garnered a remarkable gross collection of around Rs. 600 crore with 40,000 applications.
Ajit Menon, CEO, PGIM India Mutual Fund said, “PGIM India’s differentiated process and framework backed with MFDs confidence in the fund house helped close this NFO successfully.” MFDs have been instrumental in taking the right product to the right investors, added Ajit.
The fund house believes that the steady performance of its existing equity schemes encouraged investors to participate in the NFO.
The fund house believes that investing in the small cap category with a five-year horizon can help investors generate alpha.
