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
₹45.40
0.05%
NAV as on 01 May 24, 12:00 AM
low to moderate risk
equity savings
equity
NAV as on 01 May 24, 12:00 AM
low to moderate risk
equity savings
equity
9.31%p.a.
Last 1Y
7.55%p.a.
Last 3Y
7.27%p.a.
Last 5Y
7.75%p.a.
Since Inception
About PGIM India Equity Savings Fund Growth Option for NRIs
NRIs can achieve long-term capital appreciation by investing in the PGIM India Equity Savings Fund Growth Option scheme from PGIM India Asset Management Private Limited. It is a Equity Savings mutual fund scheme that predominantly invests in Equity Savings stocks of companies. Launched on Jan 2004, PGIM India Equity Savings Fund Growth Option is Equity Savings fund of its category with 90.35 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Equity Savings funds.
- PGIM India Equity Savings Fund Growth Option delivered 9.3% annual returns during the last year. It has delivered 7.8% average annual returns since the fund was launched.
- PGIM India Equity Savings Fund Growth Option scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The investment objective of the scheme is to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities and investments in debt and money market instruments.
Top 10 Holdings
HDFC Bank Ltd
7.58%
Bajaj Finance Ltd
7.20%
Future on Bajaj Finance Ltd
7.05%
5.63% Govt Stock 2026
7.01%
Future on Ambuja Cements Ltd
6.74%
Ambuja Cements Ltd
6.71%
Future on HDFC Bank Ltd
6.23%
Future on JSW Steel Ltd
6.00%
JSW Steel Ltd
5.95%
182 DTB 22082024
5.39%
Fund Managers
- Vinay Paharia (Apr 2023 - Present)
- Puneet Pal (Dec 2021 - Present)
- A. Anandha Padmanabhan (May 2022 - Present)
- Chetan Chavan (Mar 2024 - Present)
- Vivek Sharma (Apr 2024 - Present)
Key Information
View Scheme Document
PGIM India Equity Savings Fund Growth Option SIP Calculator
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NRI Mutual Fund Tax on PGIM India Equity Savings Fund Growth Option
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 Equity Savings Fund Growth Option?
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 Equity Savings Fund Growth Option
- 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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Frequently Asked Questions
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