Pramerica MF launches Pramerica Diversified Equity Fund

Pramerica Mutual Fund has launched a new fund as Pramerica Diversified Equity Fund, an open ended equity scheme. The investment objective of the scheme is to generate income & capital appreciation by predominantly investing in an actively managed diversified portfolio of equity & equity related instruments including derivatives.

The new fund offer (NFO) will be open for subscription from February 11 to February 25, 2015. The new fund offer price for the scheme is Rs 10 per unit.

The scheme offers growth and dividend options under both regular plan and direct plan. Dividend option has dividend reinvestment faculty, dividend payout facility and dividend transfer facility.

The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.

Load Structure:

Entry load: Not applicable.

Exit Load: If units are redeemed/switched out on or before 365 days from the date of allotment - 1.00%

If units are redeemed/switched out after 365 days from the date of allotment – Nil.

The scheme shall invest 65%-100% of assets in equity & equity related instruments with high risk profile and up to 35% in cash, money market, debt securities, liquid & debt schemes of Pramerica Mutual Fund with low to medium risk profile.

The benchmark Index for the scheme is S&P BSE 200 Index.

The fund managers of the scheme are Brahmaprakash Singh - Equity portfolio and Ritesh Jain - Debt portfolio.