PGIM
India Mutual Fund has filed offer document with SEBI to launch an open
ended debt scheme named 'PGIM India Money market Fund'. The New Fund
Offer price is Rs 1000 per unit. Entry load and Exit load will be nil.
The scheme offers growth and dividend options and seeks to collect a
Minimum Target Amount of Rs 20 crore.
The
performance of the scheme will be benchmarked against CRISIL Liquid
Fund Index. The minimum application amount for initial purchase is Rs
5000 and in multiples of Re 1 thereafter.
The
investment objective of the scheme is to deliver reasonable market
related returns through investments in Money Market instruments.
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