PGIM India Balanced Advantage Fund is a scheme launched by the house of PGIM India Mutual Funds. The NFO of the fund is open from the 15th of January 2021 till the 29th of January 2021. This fund will dynamically allocate at least 65% of its assets in equity and equity-related securities with the rest of the exposure in debt and money market instruments. PGIM India Balanced Advantage Fund offers dynamically balanced exposure of equity securities and debt instruments. It will follow a Dynamic Advantage Asset Allocation Facility Model (DAAAF model) for allocating its assets in equity and debt instruments. The minimum application amount is Rs. 5,000. Additional investments can be made with Rs. 1,000.
The exit load on up to 10% of the units redeemed or switched-out within 90 days is NIL, more than 10% of the units redeemed or switched-out within 90 days, an exit load of 0.50% of applicable NAV. And, If units are redeemed or switched out after 90 days is NIL. The tax on PGIM India Balanced Advantage Fund is as per equity funds. The fund is suitable for investors seeking long-term capital growth through dynamically balanced investments in the equity and debt market.