PGIM India Mutual Fund launches ‘PGIM India Small Cap Fund’

Small cap stocks are the talk of the town. There are many multibaggers in this space over last one year. On an average the small cap funds have doubled your money over last one year. And with all the buoyancy around, there is one more small cap fund is being launched. PGIM Mutual Fund announces PGIM India Small Cap Fund. The new fund offer will close on July 23, 2021.

The scheme aims to generate capital appreciation by focusing on investing in shares of small cap companies. Small cap companies are those which have market capitalisation less than 250th company by market capitalisation. The scheme’s equity component will be managed by Aniruddha Naha, Senior Fund Manager- Equity, PGIM India Mutual Fund. The scheme’s performance will be benchmarked against Nifty Small cap 100 index. Minimum investment in this scheme is Rs 5000.