News From Press PGIM debt funds’ NAV falls up to 30%

PGIM debt funds’ NAV falls up to 30%

Source: The Economic Times Sep 17, 2019

The net asset value (NAV) of some debt funds of PGIM India Mutual Fund fell by as much as 30 per cent in a day after CARE downgraded the ratings on the non-convertible debentures (NCDs) of Anil Ambani's Reliance Business Broadcast News Holdings to “D”.

Schemes of three fund houses — PGIM, UTI Mutual Fund and L&T Mutual Fund hold securities worth Rs 654.5 crore, according to Rupee-Vest as on August 31, 2019.

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