If you’re looking to invest in mutual funds, PGIM India Mutual Fund has launched a new option that may interest you. The PGIM India Health Care Fund is an open-ended equity scheme.
This fund will invest in healthcare and pharmaceutical companies, which could help grow both your health and wealth.
Investment Details and Duration
The PGIM India Health Care Fund opened for investment on November 19, and you can invest in it until December 3. After that, the fund will be available for buying and selling at any time, starting from December 11.
Why Invest in the Health Care Fund?
Investing in this fund offers the potential to grow your wealth by focusing on India’s growing healthcare sector. The country’s health sector
and health tourism are expanding rapidly, with more foreign patients coming to India for treatment. This creates opportunities in healthcare and pharmaceutical companies.
The fund will invest at least 80% of your money in shares of healthcare and pharmaceutical companies. The remaining 20% will be invested in money markets, REITs, InvITs, and foreign securities, including overseas ETFs.
How Much to Invest
For the initial investment, you can start with a minimum of Rs 5,000, and then invest in multiples of Rs 1. If you make additional purchases, the minimum amount is Rs 1,000. W
ithdrawals can also be made in multiples of Rs 1,000 or the available balance, whichever is lower.
If you plan to invest via SIP (Systematic Investment Plan), you need at least 5 installments, each worth a minimum of Rs 1,000.
If you decide to withdraw, you can do so in multiples of Rs 1000 or the remaining balance. The fund requires at least 5 installments for a SIP, with each installment being at least Rs 1000.
Exit Load and Lock-in Period
Your investment in the PGIM India Health Care Fund will be locked for 90 days. If you withdraw before 90 days, you will have to pay an exit load of 0.50%.
However, if you withdraw after 90 days, there will be no exit load.a 0.50% exit load will be charged. However, if you withdraw after 90 days, there will be no exit load.
