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

INVEST VIA NRE/NRO

PGIM India Money Market Fund Growth for NRI [1237.50]

Min Investment

5,000

Fund Size

231.72 Cr

Expense Ratio

0.5%

Exit Load

0%

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

1237.50

0.02%

NAV as on 14 Jul 24, 12:00 AM

low to moderate risk

money market

debt

NAV as on 14 Jul 24, 12:00 AM

low to moderate risk

money market

debt

7.01%p.a.

Last 1Y

5.58%p.a.

Last 3Y

0.00%p.a.

Last 5Y

4.98%p.a.

Since Inception

About PGIM India Money Market Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the PGIM India Money Market Fund Growth scheme from PGIM India Asset Management Private Limited. It is a Money Market mutual fund scheme that predominantly invests in Money Market stocks of companies. Launched on Mar 2020, PGIM India Money Market Fund Growth is Money Market fund of its category with 231.72 Cr fund under management as on Jul 2024. The expense ratio of this fund is less than that of most other Fund category Money Market funds.

  • PGIM India Money Market Fund Growth delivered 7.0% annual returns during the last year. It has delivered 5.0% average annual returns since the fund was launched.
  • PGIM India Money Market 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 Scheme seeks to deliver reasonable market related returns through investments in Money Market instruments.

Top 9 Holdings

364 DTB 06032025

10.30%

HDFC Bank Ltd.

10.29%

Canara Bank

8.19%

Indian Bank

7.38%

Kotak Mahindra Bank Ltd.

6.17%

India (Republic of)

2.07%

ICICI Bank Ltd.

2.06%

Axis Bank Ltd.

2.04%

SBI CDMDF--A2

0.33%

Fund Managers

  1. Bhupesh Kalyani (Sep 2022 - Present)
  2. Puneet Pal (Jul 2022 - Present)
  3. Ojasvi Khicha (Apr 2023 - Present)

Key Information

View Scheme Document

PGIM India Money Market 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 Money Market 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 Money Market 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 Money Market 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