“Currently we are overweight in the healthcare sector where we see lots of opportunities. We are also overweight in the telecom sector because we see the market structure supporting the listed companies and a potential for non-linear increase in profitability in many companies. We are also overweight consumer staples, predominantly the consumer retailers.”
PGIM India Mutual Fund and Bajaj Finserv Mutual Fund have introduced their respective Large & Midcap Funds, following a trend of other asset management companies launching similar funds. These funds provide a combination of stability and growth potential by investing in both large & mid-cap stocks.
PGIM India Mutual Fund launches PGIM India Large and Mid Cap Fund, an open ended equity scheme investing in large cap and mid cap stocks. The NFO is open for subscription until February 7. Managed by Vinay Paharia, Anandha Padmanabhan Anjeneya, Utsav Mehta, Puneet Pal, and Ojasvi Khicha, the scheme aims to seek long-term capital growth.
PGIM India Mutual Fund announced the launch of the PGIM India Large and Midcap Fund. The scheme opened for public subscription on January 24, 2024, and will close on February 07, 2024.