PGIM India Insta Cash Fund Growth

About DHFL Pramerica Insta Cash Fund

It is an Open Ended Liquid Scheme which seeks to deliver with low risk reasonable market related returns by investing in a portfolio of short-term on high quality money market and debt instruments.

Pros and Cons of DHFL Pramerica Insta Cash Fund

DHFL Pramerica Insta cash fund offers the following benefits: 1. Deliver reasonable market related returns at low risk. 2. Various macro factors like economic growth, liquidity, credit pick-up, inflation and other factors are developed by in-house assessment. 3. Investment in debt and the portfolio comprises securities with maturity up to 91 days.

Fund Information and Statistics of DHFL Pramerica Insta Cash Fund

Inception/Launch Date

DHFL Pramerica Insta Cash Fund was launched on September 05, 2007 by DHFL Pramerica Mutual Fund.

Risk level

Investing on Insta Cash Fund involves the investment risk such as liquidity risk, settlement risk, possible risk in loss in principal due to default and trading volumes.

Redemption

The Scheme offers redemption at NAV based prices on all working days and proceeds within 10 business days from date of receipt of redemption request from the unit holder.

Fund Manager

Mr.Kumaresh Ramakrishnan and Mr.Kunal Jain has been managing the fund since 2016 and 2018 respectively.

Entry/Exit Load

The entry load or exit load for investing in DHFL Insta Cash Fund is not applicable. The entry load and the exit load are nil.

Tax benefits of investing in DHFL Insta Cash Fund

Long term capital gains tax applies to returns on this fund. A capital gain registered during a period of less than 3 years is defined as Short-term Capital Gain (STCG). A capital gain registered over a period of 3 years or more is defined as Long-term Capital Gains (LTCG). STCG from debt oriented funds are added to the investor’s income. They are then taxed according to his income slab. Long term capital gains tax from debt funds is taxed at the rate of 20% after indexation.

About DHFL Pramerica Mutual Fund

In accordance with the provisions of the Indian Trusts Act, 1882 with Prudential Financial,Inc.(PFI) and Dewan Housing Finance Corporation Limited (DHFL) has constituted DHFL Pramerica Mutual Fund. The DHFL Company was founded on 1984 by Late Shri Rajesh Kumar Wadhawan with a vision to give financial access to the middle class section. It is 50:50 joint venture between DHFL and PFI.