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PGIM MF’s new fund to open on November 15; You can invest with Rs 5,000

Mutual Fund NFO: This fund of PGIM MF is India’s first global real estate securities fund.

Mutual Fund NFO: A new option of investing in mutual funds is going to be available. PGIM India Mutual Fund (PGIM MF) has launched PGIM India Global Select Real Estate Securities Fund of Fund (PGIM India Global Select Real Estate Securities Fund of Fund). It is an open-ended equity fund. It is India’s first Global Real Estate Securities Fund. The NFO will open for membership on 15 November 2021, which will close on 29 November 2021. The benchmark index of the fund is FTSE EPRA NAREIT Developed Index.

The boom in the real estate sector is returning

Units of PGIM Global Select Real Estate Securities Fund invest exclusively in REITs and equity-related securities of real estate companies across the world. According to PGIM Mutual Fund, during the global pandemic, real estate has emerged as an asset class and as an investment. As economies around the world reopen, assets such as hotels and restaurants will benefit from increased demand. The pandemic has accelerated the already ongoing trends. Such as cloud computing, remote schooling, remote working, e-commerce, last mile retail. In this way, new opportunities for the development of real estate are emerging.

Rick Romano, MD & Business Head, PGIM Real Estate and Global Real Estate Securities says that demand for the real estate space may soon be back on track. The sub-categories such as Grade A commercial, self-storage, logistics, last mile retail, senior living, cold storage are either not available in India or are not widely available as investible securities as compared to the global market.

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Apply with minimum Rs.5,000

The minimum amount that can be applied in this fund is Rs 5,000. After this, you can make multiple investments of Rs. In this scheme (Debt / Arbitrage Fund) after allocation, 10% of the units can be redeemed or exited within 90 days without exit load. Exit load of 0.50 percent will have to be paid for redeeming units in excess of the prescribed limit.

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