The upside with mutual funds is that there is a fund available to address every financial situation that you face, taking into account your risk profile.
There are funds that serve the investor need for Wealth Creation and Income Generation. Our Equity Funds like PGIM India Large cap fund, PGIM India Mid Cap Opportunities fund, PGIM India Diversified Equity Fund and PGIM India Long Term Equity Fund endeavour to provide growth potential of equities by offering investment strategies across market capitalisation, growth prospects and tax benefits.
Not to be restricted with Investing in India; PGIM India Global Equity Opportunities Fund through the underlying fund invests in companies beyond Indian Markets, which are truly global and are not limited by any region, sector or theme constraints. Our bouquet of Fixed Income Funds primarily invest in bonds and other debt instruments and offer short-term and long-term investment strategies.
These funds suit investor's need who want to optimise their income as well as provide stability to your overall investment portfolio. We have funds that follow investment strategies across the yield curve with Dynamic Bond Funds, Liquid Funds, Credit Risk Funds, Short-Term Funds, Ultra short-term Funds, Gilt Funds and Fixed Maturity Plans. Some funds you could consider are PGIM India Insta Cash Fund,PGIM India Banking & PSU Debt Fund and PGIM India Ultra Short Term Fund.
Mutual funds also have inherent traits that follow investment principles such as asset allocation and diversification. Another commonly faced challenge is the indecision on investing, which has been addressed by Systematic Investment Plan (SIP) which instils the discipline to invest regularly and over different market cycles. By opting for our Smart SIP, you could mix your investments with financial protection by way of life insurance embedded. This serves the dual purpose of life protection and wealth creation.
Income tax is yet another challenge faced by investors for which also mutual funds have optimum solutions. For instance, there is a unique mutual fund category known as ELSS (equity-linked savings scheme), which not only can work towards wealth creation, but also act as a tax saver. Investments in PGIM India Long Term Equity Fund*, our ELSS fund, qualify for tax benefits under Section 80C up to Rs. 1.5 lakh in a financial year and come with a three year lock-in. The overall taxation on mutual fund redemptions is also straightforward, making it easy for individuals to manage