NFO Alert: PGIM India Mutual Fund launches PGIM India Large and Midcap Fund; all you need to know

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PGIM India Mutual Fund, said, “There is a continuing opportunity for investing in high growth and good quality large and mid-cap companies which can take advantage of the India growth story. Such companies can continue to compound capital at a rapid pace in a capital-efficient manner for a long period." The investment objective of the scheme is to seek long-term capital growth through investments in equity and equity-related securities of predominantly large-cap and mid-cap stocks.

However, there can be no assurance that the investment objective of the scheme will be achieved. Investors can invest under the scheme with a minimum investment of ₹5,000 per plan/option and in multiples of Re 1.

There is no upper limit for investment. Under normal circumstances, the asset allocation of the scheme will be as follows: To date, many asset management companies (AMCs) have launched such large and midcap mutual funds.

Some of these include:Name of the fund10-year returns (in %)Mirae Asset Large & Midcap Fund24.38Canara Robeco Emerging Equities22.93Quant Large and Mid Cap Fund22.91Kotak Equity Opportunities Fund19.02DSP Equity Opportunities Fund18.38SBI Large & Midcap Fund18.32Invesco India Growth Opportunities Fund18.12Sundaram Large and Mid Cap Fund17.96Edelweiss Large and Mid Cap Fund17.95Bandhan Core Equity Fund17.37ICICI Prudential Large & Mid Cap Fund17.26Nippon India Vision Fund16.20 The benchmark for the scheme is NIFTY LargeMidcap 250 index TRI. The NIFTY LargeMidcap 250 reflects the performance of a portfolio of 100 large-cap and 150 mid-cap companies listed on NSE, represented through the NIFTY 100 and the NIFTY Midcap 150 index respectively.