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30.11 - 16:33
New Fund Offer: PGIM India MF launches India’s first Global Real Estate Securities Fund; check details
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PGIM India Mutual Fund has announced the launch of India’s first Global Real Estate Securities Fund – PGIM India Global Select Real Estate Securities Fund of Fund. It is an open-ended equity fund of fund scheme investing in PGIM Global Select Real Estate Securities Fund.
In a statement, PGIM India MF said that the NFO will open for subscription on November 15, 2021, and will close on November 29, 2021. The Benchmark Index of the fund is FTSE EPRA NAREIT Developed Index.
The primary investment objective of the scheme is to generate long-term capital appreciation from investing in the units of PGIM Global Select Real Estate Securities Fund, which primarily invests in REITs and equity-related securities of real estate companies located
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