PRUDENTIAL PLC (PUK) Q4 2020 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
PGIM India Mutual Fund has crossed the full-year 2020-21 AUM target of Rs 8,000 crore by the December quarter, a senior company official has said. The fund house official also said while all other fund houses booked heavy losses on the equity side in the year, PGIM booked a net gain of Rs 300 crore from selling equity funds. This is the highest ever it has booked even as the industry as a whole lost a whopping Rs 10,000 crore in the year-to-date. Our total AUM (assets under management) has already crossed the full year target of Rs 8,000 crore as of December 31, 2020. This was a target that we had set internally for March. Total AUM includes the PMS, equity and advisory businesses, Ajit Menon, chief executive, PGIM India MF told PTI on Monday.