Key Information
| Mutual Fund Name | PGIM India Mutual Fund |
| Inception Date | May 13, 2010 |
| Trustee Organisation | PGIM India Trustees Private Ltd. |
| MD and CEO | Ajit Menon |
| Chief Investment Officer | Vinay Paharia |
| Investors Relations Officer | Ratan Ghosh |
| AUM Updated On | Dec 31, 2023 |
Documents required to invest in PGIM India Mutual Fund
The documents for KYC (Know Your Client) include proof of address and proof of identity. Here is a list of officially valid documents (OVD) admissible.
PROOF OF IDENTITY
- PAN Card (Mandatory)
- Voter ID Card
- Driving License
- Passport
- Aadhaar Card
- Any other valid identity card issued by Central or State Government
PROOF OF ADDRESS
- Voter ID Card
- Driving License
- Passport
- Ration Card
- Aadhaar Card
- Bank account statement or bank passbook
- Utility bills like electricity or gas bills
While these are some of the standard document list, submitting all of these documents is a tedious process and can procrastinate your plan of investing. This is where ET Money offers you a paperless and fast solution.
You can submit your KYC in under two minutes by uploading the photos of your identity and address proofs. This includes PAN and any one of Aadhaar, Voter ID, Driving License & Passport along with your signature, a selfie and a live video, authenticating your identity. ET Money's quick KYC application makes investing easy and hassle-free.
It takes about 3-5 working days to get your KYC verified as the verification is done by government certified agencies.
How to Invest in schemes of PGIM India Mutual Fund?
Investing in PGIM India Mutual Fund's schemes is simple and can be done using one of the following three methods-
1. Through PGIM India Mutual Fund's official website
2. Through a distributor
3. Through the ET Money platform
If you want to invest in PGIM India Mutual Fund through the website, go to the site's homepage, navigate to the 'Invest Now' section, click on it, and follow the ensuing steps. However, to invest in mutual funds from different AMCs, you must go through the time-consuming process of signing up with each fund house. Tracking and analyzing your investments will also be a challenge.
The next option you have is investing in PGIM India Mutual Fund's schemes through a distributor. But here is a catch. Investing through distributors lowers your gains since distributors make a commission on each investment. Eventually, the high expense ratio impacts your returns.
A much simpler, more efficient, and effective way of investing in schemes from PGIM India Mutual Fund or any other fund house is through the ET Money platform.
All you need to do is sign up once and start investing in schemes from different AMCs. You can choose from various schemes of PGIM India Mutual Fund, and that too, at a lower expense ratio since ET Money is a direct investment platform. You can also track your existing portfolio on ET Money. You can view all your old and new investments in one place, making tracking and making better-informed decisions much simpler.
In addition to the above, the ET Money investment platform also offers valuable details like the fund's past performance, returns consistency, fund history, expense ratio, exit load, and other essential information.
How to invest in mutual funds via ET Money?
- Sign up using email and OTP.
- Select a fund. Enter the investment amount. Choose the investment type: one-time (Lumpsum) or SIP.
- Enter PAN, full name, and verify mobile number.
- Enter bank account details and select the payment mode. In the case of SIP, set up a mandate.
- Follow the KYC process, which includes a selfie and a live video. Provide essential details and eSign.
- The transaction is processed on verification of KYC documents.
Customer Care Details
For any query regarding any schemes offered by PGIM India Mutual Fund, please contact at the following address:
| Registered Address | 204, 2nd Floor, Jalaram Business Centre, Ganjawala Lane, Near Chamunda Circle, Borivali (W), Mumbai - 400092. Branch Timing (9 am - 6 pm) |
| Call us at | 022-61593000 / 1800-266-2667 |
| N.A. |
Frequently Asked Questions
Are PGIM India Mutual Fund?s schemes safe to invest in?
PGIM India Mutual Fund or any other fund house can not guarantee returns. Mutual fund returns are market-linked. Therefore, before you invest, analyze the current market condition and check the scheme's past performances. To minimize capital risk, choose an investment portfolio mix of debt and equity and align your investments with your financial goals and risk appetite.
Which PGIM India Mutual Fund?s scheme is the best for the short term?
Generally, short-term refers to an investment for up to three years. Debt funds are a good option for this investment horizon. Investors must assess their investment horizon against the average portfolio maturity of the fund before selecting a debt fund. Overnight funds are good if you want to invest for a few days. Liquid funds are a good option for investing for up to three months. Low-duration funds are mandated to hold instruments with an average maturity of six to 12 months. And, short-duration funds hold securities that mature between one and three years.
Are PGIM India Mutual Fund?s schemes tax-free?
The returns from your mutual fund investments are not exempt from taxes. Based on your holding period and the type of mutual fund scheme, capital gains tax is levied on your returns. Capital Gains Tax is of two types: short-term capital gain (STCG) tax and long-term capital gain (LTCG) tax. For more information about these taxes in detail, check the table below:
Mutual fund type | Holding period | Type of capital gains tax | Tax liability |
Debt-oriented funds | Less than 36 months | Short-term capital gains | As per the investor’s income tax slab rate |
Equity-oriented funds | Less than 12 months | Short-term capital gains | 15% |
Debt-oriented funds | Greater than 36 months | Long-term capital gains | 20% with indexation |
Equity-oriented funds | Greater than 12 months | Long-term capital gains | 10% for amount exceeding Rs 1 Lakh |
The returns from any mutual scheme (including the ones offered by PGIM India Mutual fund) will be taxed as per the above table.
How can I cancel the ongoing SIP in a PGIM India Mutual Fund?s scheme?
If you wish to discontinue your ongoing SIP with PGIM India Mutual Fund, you must visit the mutual fund?s official website or the online investing portal you used to create the SIP mandate. Log in to your account and select the investment you wish to cancel. Follow the instructions to stop the SIP. You can also visit the AMC branch and submit a request to discontinue the SIP. Cancel ongoing SIP on ET Money App:
- On the ET Money app or website, click on the profile icon and select the MySIP option.
- In this section, you will see all the ongoing SIPs.
- Click on any SIP to open a detailed view.
- On the top right corner, click the three dots, which will take you to the Modify SIP screen.
- You will see the "Cancel this SIP" option below.
- Once you click it, you will receive an OTP.
- On entering the correct OTP, SIP will be canceled.
How can I get the PGIM India Mutual Fund statement?
One option is to log on to PGIM India Mutual Fund's website and request a statement. You can also go to CAMS Online or Kfintech and request a consolidated statement by email.
A better option is to get a statement on ET Money. Once you request a statement on ET Money, the platform creates a customized dashboard for you. Whenever you wish, you can then check your entire portfolio by logging onto ET Money.
On the website, hover over the profile icon on the top right after signing up. Select the option "Track external mutual funds" from the drop-down menu. Complete the process and see your portfolio on the ET Money platform. This is a one-time process. Every time you want to track or check your portfolio, log onto ET Money, and it will display a dashboard that shows your entire portfolio and its performance.
To access on app, click the following link after logging in: https://etmoney.onelink.me/unJQ/oq97j0iz
How can I increase the SIP amount in a PGIM India Mutual Fund scheme?
If you want to increase the SIP amount in PGIM India Mutual Fund?s scheme, you can start a new SIP for the incremental amount. Alternatively, you can choose the top-up option while starting SIP. A top-up allows you to raise the SIP amount automatically by a fixed amount or predefined percentage at regular intervals.
