“We are significantly overweight in the healthcare sector and the financial sector. Within healthcare we are overweight hospitals, within financials we are overweight in NBFCs and private banks. And in terms of underweight, we underweight in the IT and the industrial sector We are also very optimistic about the real estate sector..”
“The market right now is not directionless, it is clearly zooming in one direction, there is clearly a lot of optimism, we are seeing a very broad exuberance, especially in the small and midcap space. Right since April 1, this year, we have seen a consistent rally in the entire broader market space which has significantly outperformed.”
PGIM India MF and WFAN launch scholarship program for aspiring women financial advisors
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Last Updated: Mar 08, 2021, 10:53 AM IST
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Synopsis
On the occasion of International Women’s Day, the Women Financial Advisers Network or WFAN has entered into an agreement with PGIM India Mutual Fund to launch a scholarship program for women.
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On the occasion of International Women’s Day, the Women Financial Advisers Network
or WFAN has entered into an agreement with PGIM India Mutual Fund to launch a scholarship program for women. WFAN aims to focus on women with a decade or more of corporate experience, who are now ready to launch their second career as a financial advisors. The program kicks off on March 08 with acceptance for membership applications. The launch date for the training program is scheduled to begin on April 14, 2021.
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PGIM India Mutual Fund has launched the ‘PGIM India Balanced Advantage Fund’. The NFO will open for subscription till January 29, 2021. The fund will be benchmarked against CRISIL Hybrid 50+50 Moderate Index. The Fund will be managed by Aniruddha Naha (for equity investments), Kumaresh Ramakrishnan (for debt and money market investments) and Anandha Padmanabhan (for overseas investments).
According to the fund house, the scheme aims to provide capital appreciation and income distribution to the investors by dynamically managing the asset allocation between equity and fixed income using equity derivatives strategies, arbitrage opportunities and pure equity investments. The scheme seeks to reduce the volatility by diversifying the assets across equity and fixed income.