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Overview: Prudential Global Investment Managers Asset Management Company
Prudential Global Investment Managers (PGIM Mutual Fund), earlier known as DHFL Pramerica Mutual Fund is a joint venture between Dewan Housing Finance Limited and Pramerica Financial now acquired by PGIM. PGIM has a global client base and legacy of 140 years. PGIM is one of the largest global AMCs (Asset Management Company) that provides some of the best mutual funds.
Ajit Menon is the CEO of the PGIM India who assures that a diverse suite of solutions is provided to all the asset classes through various mutual fund schemes and investment options as ELSS, SIP, multi-cap funds, etc.
Table of Contents :
Funds Offered by PGIM India Asset Management Company
PGIM India describes itself as a full service asset manager offering a broad range of products and solutions to investors throughout India. It provides myriad mutual fund schemes which has performed well in recent years with high mutual fund returns and increasing Net Asset Value (NAV). Mutual fund investment is focused mainly on fundamental equities and fixed income.
Top PGIM India Equity Funds
Equity Funds are the ones that invest a major portion of corpus in shares and stocks. PGIM India AMC looks out for quality businesses based on their track record so as to invest in securities that have significant upside growth potential or are in a growth phase.They prefer to buy companies with low debt to equity ratio as they tend to fare better over the cycles as well as seek to maintain a portfolio of lower volatility/risk. They offer Equity Plans based on capitalization, growth prospects and tax benefits. Some of the best Equity Fund Plans by PGIM India Asset Management Company are:
| Fund Name | 3 Year (%) | 5 Year (%) | NAV | Fund Size (Cr) |
| PGIM India Diversified Equity Fund | 8.16 | – | 14.04 | 119.38 |
| PGIM India Large Cap Fund | 9.52 | 10.36 | 183.67 | 355.95 |
| PGIM India Long Term Equity Fund | 9.12 | – | 14.95 | 335.95 |
Top 5 PGIM India Debt/Fixed Income Funds
Funds investing a large part of its corpus in debt, treasuries, government and corporate bonds are are Debt Bonds. PGIM India Mutual Funds invests in debt and manages fixed income portfolios to create steady income streams for investors while managing risks in a manner which is consistent with the fund objectives. Interest rates, credits and duration are researched and analyzed and security selection is based on relative valuations along with risk management framework. Listing below a few best debt Mutual Funds by PGIM India AMC:
| Fund Name | 3 Year (%) | 5 Year (%) | NAV | Fund Size (Cr) |
| PGIM India Dynamic Bond Fund | 9.2 | 10.47 | 2010.56 | 58.36 |
| PGIM India Ultra Short Term Fund | 9.69 | 9.47 | 25.41 | 62.9 |
| PGIM India Insta Cash Fund | 7.11 | 7.58 | 251.96 | 749.96 |
| PGIM India Banking & PSU Debt Fund | 7.7 | 8.71 | 17.53 | 50.59 |
| PGIM India Gilt Fund | 8.09 | 9.58 | – | 66.66 |
Know about: Selecting a Debt Fund
Top PGIM India Hybrid Funds
Hybrid Funds, the bridge between Equity & Debt Funds invest in both shares and bonds as maximum diversification will result in assured results. PGIM India offers hybrid funds to deliver consistent and risk adjusted returns to investors. Robust research and daily portfolio monitoring helps them validate the continuity of investment in certain stocks and debentures. Below are some of the Hybrid Fund Schemes by PGIM India:
| Fund Name | 3 Year (%) | 5 Year (%) | NAV | Fund Size (Cr) |
| PGIM India Equity Savings Fund | 7.45 | 10.02 | 34.98 | 22.21 |
| PGIM India Arbitrage Fund | 6.52 | – | – | 217.43 |
| PGIM India Hybrid Equity Fund | 5.98 | 7.78 | 74.08 | 171.34 |
How to Invest in Mutual Funds via Paisabazaar.com?
Step 1: On to Paisabazaar.com, select the ‘Mutual Fund’ option
Step 2: If you are a registered user, login onto the platform using your mobile number and password/OTP. Or create a new account.
Step 3: Choose ‘Invest’ > ‘Explore All Funds’ on the left side bar.
Step 4: Select the PGIM Mutual Fund of your choice. Now, all the details of the fund including NAV, risk level, etc. will appear.
Step 5: Enter the amount you wish to invest, select the investment type – SIP or Lumpsum, and click on the ‘Confirm & add to cart’ option.
Step 6: You can complete the payment using net banking of major Indian banks.
The mutual fund units will be allotted to you within 5 working days. If you’re not KYC Compliant, you will need to complete your KYC before investing in mutual fund schemes.
How to Complete Your PGIM Mutual Fund eKYC
KYC (Know Your Customer) is a one-time customer identification process and a mandatory compliance requirement for investors who wish to invest in mutual funds. It has been made compulsory by the capital markets regulator SEBI (Securities and Exchange Board of India) for mutual fund investments in order to curb fraudulent activities.
The KYC Process can be initiated and completed with any of the following SEBI-registered intermediaries:
- The Fund House (Asset Management Companies)
- KYC Registration Agency (KRA) such as CAMS, Karvy, CSDL (Central Depository Services Limited) Ventures, NSDL (National Securities Depository Limited) and NSE-owned (National Stock Exchange) DotEx International Limited
To complete your KYC online, follow these steps, and you’ll be good to go:
Step 1: Visit the website of a fund house or any of the above-mentioned KRA’s website and create an investor account by filling in your personal details and your Aadhaar-linked mobile number so that you can verify the account using that OTP.
Step 2: Upload self-attested copies of your Identity Proof and Address Proof.
That’s all. Your eKYC process is done!
Documents Required for DHFL Mutual Fund Investment
Here is a list of official documents required to validate the identity and address of an investor:
1. Identity Proof
- Aadhaar Card
- PAN Card
- Passport
- Driving License
2. Address Proof
- Aadhar Card
- Driving License
- Passport
- Recent Utility Bill
- Rental/Lease Agreement
Fund Managers of PGIM AMC
- Ajit Menon
As mentioned above, he is the CEO who is responsible for all aspects of asset management from mutual funds, portfolio management, growth strategy to direction of the business. With two decades of experience, he has established himself as dynamic and results-oriented leader who has a team approach to drive organizational improvements and implementation of best practices.
- Srinivas Rao Ravuri
With 24 years of experience and associations with reputed AMCs throughout his career, he brings to the table keen analysis and insights in fund and asset management. He is the Chief Investment Officer (CIO) of Equities at PGIM AMC. His educational background includes B.Com, ACS and AIII.
- Kumaresh Ramakrishanan
He comes with 19 years of experience and holds his expertise in debt instruments. He is CIO at PGIM Asset Management Company who heads Fixed Income. Prior to his joining at PGIM, he was also the Head of Fixed Income at Deutsche AMC. He is qualified as a Bachelor in Commerce and Master of Business Administration in Finance.
Frequently Asked Questions
Q. What is an Asset Management Company (AMC)?
A. AMC is an organisation which manages the pooled funds from numerous investors and invests them in various financial securities to generate returns.
Q. What is Net Asset Value (NAV)?
A. Net Asset Value measures the performance of an individual mutual fund scheme of an AMC. In essence, it is the market valuation of the securities the fund has invested in. So, the NAV per unit is derived from dividing the total market value of all the invested securities by total number of units issued. Since, the number of unit holders and valuation of securities change everyday, the NAV of a mutual fund also changes accordingly.
Q. What is Expense Ratio?
A. Expense Ratio refers to a small amount of fee charged by Asset Management Companies annually to manage investors’ assets. It covers the operating and managing cost incurred by the AMC. It is a percentage of the total assets invested by the investor.
Q. What is Entry Load?
A. When an investor purchases units of a mutual fund scheme for the first time, s/he is charged a small amount of processing fee by the Asset Management Company which is known as an Entry Load.
Q. What is Exit Load?
A. When investors redeem their investment from a mutual fund scheme, s/he is charged a small amount of processing fee which is known as an Exit Load. It is also charged when investors choose to switch between different mutual fund schemes of a specific AMC.