NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

PGIM India Balanced Advantage Fund Growth for NRI [14.57]

Min Investment

₹5,000

Fund Size

₹1,057.34 Cr

Expense Ratio

2.1%

Exit Load

0.5%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

₹14.57

0.28%

NAV as on 19 Nov 24, 12:00 AM

very high risk

dynamic asset allocation

equity

NAV as on 19 Nov 24, 12:00 AM

very high risk

dynamic asset allocation

equity

15.73%p.a.

Last 1Y

8.46%p.a.

Last 3Y

0.00%p.a.

Last 5Y

11.00%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 1,057.34 Cr fund under management as on Nov 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 15.7% annual returns during the last year. It has delivered 11.0% 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

7.18% Govt Stock 2037

5.79%

ICICI Bank Ltd

5.51%

HDFC Bank Ltd

5.42%

7.18% Govt Stock 2033

5.01%

Reliance Industries Ltd

4.95%

7.1% Govt Stock 2034

4.52%

Bharti Airtel Ltd

3.54%

Infosys Ltd

3.52%

Tata Consultancy Services Ltd

3.28%

Larsen & Toubro Ltd

3.12%

Fund Managers

  1. Vinay Paharia (Apr 2023 - Present)
  2. Puneet Pal (Dec 2021 - Present)
  3. Anandha Padmanabhan Anjeneyan (Apr 2023 - Present)
  4. Utsav Mehta (Apr 2024 - Present)
  5. Chetan Gindodia (Mar 2024 - Present)

Key Information

View Scheme Document

PGIM India Balanced Advantage Fund Growth SIP Calculator

If invested

₹5,000

per month

For a period of

Investment of ₹0 could have been

₹0(+0.0%)

₹0 (+0.0%)

This Fund

₹0 (+0.0%)

Fixed Deposit

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 TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% 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

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