NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹13.82
0.00%
NAV as on 30 Apr 24, 12:00 AM
very high risk
dynamic asset allocation
equity
NAV as on 30 Apr 24, 12:00 AM
very high risk
dynamic asset allocation
equity
17.62%p.a.
Last 1Y
10.19%p.a.
Last 3Y
0.00%p.a.
Last 5Y
10.07%p.a.
Since Inception
About PGIM India Balanced Advantage Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the PGIM India Balanced Advantage Fund Growth scheme from PGIM India Asset Management Private Limited. It is a Dynamic Asset Allocation mutual fund scheme that predominantly invests in Dynamic Asset Allocation stocks of companies. Launched on Feb 2021, PGIM India Balanced Advantage Fund Growth is Dynamic Asset Allocation fund of its category with 1,155.16 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Dynamic Asset Allocation funds.
- PGIM India Balanced Advantage Fund Growth delivered 17.6% annual returns during the last year. It has delivered 10.1% average annual returns since the fund was launched.
- PGIM India Balanced Advantage Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
To provide capital appreciation and income distribution to the investors by dynamically managing the asset allocation between equity and fixed income using equity derivatives strategies, arbitrage opportunities and pure equity investments. The scheme seeks to reduce the volatility by diversifying the assets across equity and fixed income. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/ indicate any returns.
Top 10 Holdings
ICICI Bank Ltd
5.85%
HDFC Bank Ltd
5.75%
7.18% Govt Stock 2037
5.21%
Reliance Industries Ltd
4.25%
7.18% Govt Stock 2033
4.05%
Axis Bank Ltd
2.55%
Larsen & Toubro Ltd
2.48%
Bharti Airtel Ltd
2.46%
Canara Bank
2.42%
Kotak Mahindra Bank Ltd
2.32%
Fund Managers
- Vinay Paharia (Apr 2023 - Present)
- Puneet Pal (Dec 2021 - Present)
- Anandha Padmanabhan Anjeneyan (Apr 2023 - Present)
- Chetan Chavan (Mar 2024 - Present)
- Utsav Mehta (Apr 2024 - Present)
- Chetan Gindodia (Mar 2024 - Present)
Key Information
View Scheme Document
PGIM India Balanced Advantage Fund Growth SIP Calculator
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NRI Mutual Fund Tax on PGIM India Balanced Advantage Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in PGIM India Balanced Advantage Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in PGIM India Balanced Advantage Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
Similar Funds
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3Y Return
HDFC Balanced Advantage Fund Growth
very high risk | hybrid (nc)
25.9%
Kotak Balanced Advantage Fund Growth
very high risk | equity
11.2%
Edelweiss Balanced Advantage Fund Plan Growth
very high risk | hybrid (nc)
14.0%
Frequently Asked Questions
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