PGIM India Mutual Fund has announced the merging of the following schemes. The option to exit without exit load can be exercised from August 31, 2023 to September 29, 2023 (both days inclusive). The Effective date for the merger/consolidation of schemes will be September 30, 2023.
| Sl No | Merging Scheme(s) | Surviving Scheme |
| 1 | PGIM India Short Duration Fund(An open ended short term debt scheme investing ininstruments such that the Macaulay duration of the portfoliois between 1 year to 3 years, a moderate interest rate riskand moderate credit risk scheme) | PGIM India Corporate Bond Fund(An open ended debt scheme predominantlyinvesting in AA+ and above rated corporatebonds. A relatively high interest rate risk andmoderate credit risk scheme) |
| 2 | PGIM India Banking and PSU Debt Fund(An open ended debt scheme predominantly investing in Debtinstruments of banks, Public Sector Undertakings, PublicFinancial Institutions and Municipal Bonds, a relatively highinterest rate risk and moderate credit risk scheme) | |
| 3 | PGIM India Low Duration Fund(An open ended low duration debt scheme investingin instruments such that the Macaulay duration of theportfolio is between 6 months to 12 months. A relativelylow interest rate risk and moderate credit risk scheme.)(The scheme has 1 segregated portfolio whichwas created under PGIM India Credit Risk Fund.Main portfolio of PGIM India Credit Risk Fund wasmerged with PGIM India Low Duration Fund w.e.f.January 22, 2022) | PGIM India Money Market Fund(An open ended debt scheme investing in moneymarket instruments. A relatively low interest rate riskand moderate credit risk scheme.) |
For specific details, please refer to the attached addendum
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