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PGIM India Health Care Fund: PGIM's mutual fund is open, it will take care of your health like this..

Shikha Saxena November 20, 2024 07:15 PM

PGIM India Mutual Fund has launched PGIM India Health Care Fund, an open-ended equity scheme that invests in equity and equity-linked securities of healthcare and pharmaceutical companies. By investing in this mutual fund scheme, you can secure both your health and wealth.

Let us tell you that PGIM India Health Care Fund has opened for investment from November 19 and you can invest in it till December 3. At the same time, this healthcare fund scheme will be continuously open for sale and buying from December 11.

What is the benefit of investing in a health care mutual fund?

Investing in PGIM India Health Care Fund will improve both your wealth and health. India's health sector is growing rapidly and health tourism is growing rapidly in the country. In health tourism, foreigners come to India and get their treatment done. In such a situation, investing in PGIM India Health Care Fund can prove to be better for you.

Of the investment you make in PGIM India Health Care Fund, a minimum of 80 percent will be invested in shares of pharmaceutical and healthcare companies. It will invest 20 percent in the money market, 10 percent in REITs and InvITs, and a maximum of 20 percent in foreign securities including overseas ETFs.

How much can you invest in NFO?

In PGIM India Health Care Fund, you can invest at least Rs 5000 in the initial purchase and thereafter in multiples of Rs 1. If you make additional purchases in this fund, you will have to invest at least Rs 1000. If you withdraw money from the mutual fund, i.e. make redemption, then that too can be done in multiples of Rs 1000 and Rs 1 or account balance, whichever is less. There will be at least 5 installments for SIP and each installment will be of at least Rs 1000.

Investment in PGIM India Health Care Fund will be locked for 90 days, however, you will have to pay an exit load of 0.50 percent if you withdraw your investment within 90 days from the date of allotment of units and zero exit load if you withdraw your investment after 90 days from the date of allotment of units.