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

INVEST VIA NRE/NRO

PGIM India Corporate Bond Fund Growth for NRI [39.85]

Min Investment

5,000

Fund Size

97.11 Cr

Expense Ratio

1.0%

Exit Load

0%

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

39.85

0.03%

NAV as on 13 Jul 24, 12:00 AM

low to moderate risk

corporate bond

debt

NAV as on 13 Jul 24, 12:00 AM

low to moderate risk

corporate bond

debt

6.52%p.a.

Last 1Y

5.09%p.a.

Last 3Y

6.08%p.a.

Last 5Y

6.65%p.a.

Since Inception

About PGIM India Corporate Bond Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the PGIM India Corporate Bond Fund Growth scheme from PGIM India Asset Management Private Limited. It is a Corporate Bond mutual fund scheme that predominantly invests in Corporate Bond stocks of companies. Launched on Jan 2003, PGIM India Corporate Bond Fund Growth is Corporate Bond fund of its category with 97.11 Cr fund under management as on Jul 2024. The expense ratio of this fund is less than that of most other Fund category Corporate Bond funds.

  • PGIM India Corporate Bond Fund Growth delivered 6.5% annual returns during the last year. It has delivered 6.7% average annual returns since the fund was launched.
  • PGIM India Corporate Bond Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in debt

Fund Objective

The investment objective of the Scheme is to seek to generate income and capital appreciation by predominantly investing in AA+ and above rated corporate bonds.

Top 10 Holdings

7.18% Govt Stock 2037

10.42%

7.26% Govt Stock 2033

9.90%

National Bank For Agriculture And Rural Development

8.70%

Axis Finance Limited

5.16%

Aditya Birla Housing Finance Ltd. 8.2%

5.14%

Sikka Ports & Terminals Limited

5.14%

HDFC Bank Limited

5.14%

Bajaj Housing Finance Limited

5.13%

Small Industries Development Bank Of India

4.41%

Rural Electrification Corporation Limited

4.14%

Fund Managers

  1. Bhupesh Kalyani (Sep 2022 - Present)
  2. Puneet Pal (Dec 2017 - Present)

Key Information

View Scheme Document

PGIM India Corporate Bond 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 Corporate Bond 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 Corporate Bond 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 Corporate Bond 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

Frequently Asked Questions