PGIM India Mutual Fund has reopened subscriptions for three international fund-of-funds—Global Equity Opportunities, Emerging Markets Equity, and Global Select Real Estate Securities—with effect from May 18. The decision follows a temporary subscription restriction imposed on March 10 to prevent breaching overseas investment limits. Investors can again place fresh SIPs or STPs up to Rs 2 lakh per day per investor per scheme, at primary holder PAN level. Existing terms remain unchanged, and installments continue as previously scheduled.
TVS Venu Group has signed definitive agreements to acquire Prudential Financial’s 100% stake in PGIM India Asset Management and PGIM India Trustees. The transaction, backed by legal advisors Khaitan & Co and Shardul Amarchand Mangaldas, is awaiting regulatory approval. PGIM India manages over Rs 30,000 crore across equity, debt, and multi-asset offerings.
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