PGIM India Mutual Fund has launched PGIM India Health Care Fund, an open-ended equity scheme investing 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 become open for investment from 19th November and you can invest in it till 3rd December. This healthcare fund scheme will remain open for sale and buy continuously from December 11.
What are the benefits of investing in health care mutual funds?
Investing in PGIM India Health Care Fund will improve both your wealth and health. In fact, India’s health sector is growing rapidly and health tourism is increasing rapidly in the country. In health tourism, foreigners come to India for treatment. 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. The maximum investment will be 20 percent in money market, 10 percent in REITs and InvITs and 20 percent in foreign securities including overseas ETFs.
How much can you invest in NFO
In PGIM India Health Care Fund, you can invest a minimum of Rs 5000 in the initial purchase and thereafter in multiples of Re 1. If you make additional purchases in this fund, you will have to invest at least Rs 1000. If you withdraw money from mutual fund i.e. redemption, then you can do it in multiples of Rs 1000 and Rs 1 or the account balance, whichever is less. For SIP there will be at least 5 installments and each installment will be of at least Rs 1000.
Investment in PGIM India Health Care Fund will be locked for 90 days, however if you withdraw the investment within 90 days from the date of allotment of units then you will get 0.50 per cent and if you withdraw the investment after 90 days from the date of allotment of units then you will get Zero exit load will have to be given.
