NFO opens on November 15, 2021 and closes on November 29, 2021 

Benefits offered: 

• Unique opportunities, not available in India 
• Potential inflation hedge
• Access to small ticket size
• Dual source of alpha
• Diversification

Mumbai, November 11, 2021 (GPN): PGIM India Mutual Fund announced the launch of PGIM India Global Select Real Estate Securities Fund of Fund, an open-ended equity fund of fund scheme investing in PGIM Global Select Real Estate Securities Fund.  The fund is India’s first Global Real Estate Securities Fund. 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 throughout the world. 

Globally, real estate as an asset class and as an investment, has undergone a shift during the pandemic. As economies across the world reopen, properties such as hotels, assisted living facilities and restaurants will benefit from pent-up demand. The pandemic has accelerated trends already underway such as cloud computing, remote schooling, remote working, e-commerce, last mile retail etc., thus expanding growth opportunities for real estate. 

“Today’s investment opportunities span a wide range of categories, including capitalizing on favourable occupier momentum linked to accelerated changes in how real estate is used, investing in assets that require some short-term repositioning and finding value in parts of the market that have undergone a long-term correction. As concerns around new variants of COVID ease, allowing workplaces and service- oriented industries to reopen more fully, occupier sentiment is expected to return quickly supporting a rebound in real estate space demand,” said Rick Romano, MD, PGIM Real Estate and Head of Global Real Estate Securities Business.

“It is our endeavor to bring relevant and timely investment ideas to Indian investors and advisors. We are therefore proud to present our parent PGIM’s global expertise in this asset class. It’s various sub-themes like grade A commercial, self-storage, logistics, last mile retail, senior living, cold storage etc. are either not available in India or not available at scale as investible securities compared to global markets. With interest rates and inflation where they are today, this strategy will be an important addition to build resilience in client portfolios for times ahead, said Ajit Menon, CEO, PGIM India Mutual Fund.

    

     PGIM India PGIM India Global Select Real Estate Securities Fund of Fund Features:

Asset Allocation: 

Instruments	Indicative allocations (% of total assets)	Risk Profile
Minimum	Maximum	High/Medium/Low
Units/securities issued by PGIM Global Select Real Estate Securities Fund, domiciled in Ireland	95%	100%	Medium to High
Debt Instruments including Government Securities, Corporate Debt, Money Market Instruments, (including cash and units of mutual funds)	0%	5%	Low to High

                      Key Features:

Exit Load	10% of the units allotted may be redeemed/switched-out to debt schemes/PGIM India Arbitrage Fund without any exit load within 90 days from the date of allotment; Any redemptions/switch-outs in excess of the abovementioned limit would be subject to an exit load of 0.50%, if the units are redeemed/switched-out to debt schemes/PGIM India Arbitrage Fund within 90 days from the date of allotment of units; Nil – If the units are redeemed/ switched-out after 90 days from the date of allotment of units; No exit load will be charged for switches and STP between any open-ended equity scheme, hybrid scheme (except PGIM India Arbitrage Fund) and fund of funds scheme.
Minimum Application Amount	Rs. 5000  and in multiples of Rs. 1 thereafter
Fund Manager	Mr. Ravi Adukia, an Equity Analyst and dedicated Fund Manager for overseas  investments.
Plans	Regular and Direct
Options	Growth and Income Distribution cum Capital Withdrawal in each plan;
Dividend Sub Options	i. Payout of Income Distribution cum Capital Withdrawal  facility(IDCW-Payout); ii. Reinvestment of Income Distribution cum Capital Withdrawal facility (IDCW- Reinvestment).

For more details on asset allocation, please refer Scheme Information Document of the scheme on www.pgimindiamf.com