“Given the short-term volatility in the equity markets, a typical question we are faced with is “What do you think about the markets?” This is a difficult question to answer and anyone can guess. However, the second follow-up question one receives is “Where do you think we should invest under current market conditions?” While this question can be best answered for each individual’s specific situation and goals by a trusted advisor, a simple step might be to gain exposure to all markets. market capitalizations “In a disciplined format, a multi-cap strategy provides investors with a disciplined approach to diversify their exposure across market capitalisations,” said Ajit Menon, CEO, PGIM India Asset Management.
The scheme will invest a minimum of 25% in large-cap, mid-cap and small-cap stocks. The remaining 0-25% will be allocated to opportunities in any or all of these market capitalisation segments. Further, the scheme can invest up to 25% in debt, up to 10% in REITs and InvITs, and up to 20% in foreign securities, including foreign ETFs, the fund manager’s press release said.
“We believe that it is a good time to invest in a diversified business briefcase “It is important that PGIM India Asset Management’s investment strategy is a quality, high-growth investment strategy as it has significantly underperformed over the past few years despite strong growth in its intrinsic values. We have seen early signs of outperformance from this strategy post the election results and the change in monetary policy by the Bank of Japan in the past few months,” said Vinay Paharia, Chief Investment Officer, PGIM India Asset Management.
The portfolio construction approach is bottom-up and well diversified. The fund employs a growth at a reasonable price (GARP) strategy with the flexibility to adjust between short, medium and long-term growth opportunities based on market conditions. It can be allocated to turnaround ideas, event-driven opportunities and stocks that demonstrate momentum, driven by medium to long-term earnings growth.
The fund aims to capitalise on themes such as healthcare, financialisation, mobility, consumption and new energy, which are emerging due to the structural changes taking place in the Indian economy. “There are good long-term opportunities available across market capitalisations that will benefit from India’s growth. What we need is careful stock selection and a balanced portfolio to take advantage of this. It is imperative to have exposure to all market capitalisations at all times, which also change appropriately based on the opportunities available. PGIM India Multi Cap Fund aims to do just that,” said Vivek Sharma, Senior Fund Manager – Equity, PGIM India Asset Management. The minimum application amount for Initial Purchase or Switch is Rs 5,000, with subsequent investments in multiples of Rs 1. For further purchases, the minimum amount is Rs 1,000, with subsequent investments in multiples of Rs 1. For SIPs, the minimum number of installments is five, and each installment must be at least Rs 1,000, and in multiples of Rs 1 thereafter.
The exit fee is 0.50% for redemptions made within 90 days from the date of allotment of units for lump sum purchases, exchanges, SIPs and STPs. There is no exit fee for redemptions made beyond 90 days from the date of allotment.
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