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

INVEST VIA NRE/NRO

PGIM India Retirement Fund Growth for NRI [11.30]

Min Investment

5,000

Fund Size

52.51 Cr

Expense Ratio

2.3%

Exit Load

0%

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

11.30

0.18%

NAV as on 14 Jul 24, 12:00 AM

very high risk

retirement

equity

NAV as on 14 Jul 24, 12:00 AM

very high risk

retirement

equity

0.00%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

11.30%p.a.

Since Inception

About PGIM India Retirement Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the PGIM India Retirement Fund Growth scheme from PGIM India Asset Management Private Limited. It is a Retirement mutual fund scheme that predominantly invests in Retirement stocks of companies. Launched on Apr 2024, PGIM India Retirement Fund Growth is Retirement fund of its category with 52.51 Cr fund under management as on Jul 2024. The expense ratio of this fund is less than that of most other Fund category Retirement funds.

  • PGIM India Retirement Fund Growth delivered 0.0% annual returns during the last year. It has delivered 11.3% average annual returns since the fund was launched.
  • PGIM India Retirement 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

The investment objective of the scheme is to provide capital appreciation and income to investors in line with their retirement goals by investing in a mix of securities comprising of equity, equity related instruments, REITs and InvITs, and fixed income securities. However, there is 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

6.83%

HDFC Bank Ltd

4.44%

Reliance Industries Ltd

4.13%

Axis Bank Ltd

3.90%

Bharti Airtel Ltd

2.79%

Dixon Technologies (India) Ltd

2.09%

CG Power & Industrial Solutions Ltd

2.03%

Varun Beverages Ltd

1.85%

Tata Consultancy Services Ltd

1.82%

Max Healthcare Institute Ltd Ordinary Shares

1.72%

Fund Managers

  1. Vinay Paharia (Apr 2024 - Present)
  2. Puneet Pal (Apr 2024 - Present)

Key Information

View Scheme Document

PGIM India Retirement 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 Retirement 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 Retirement 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 Retirement 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