Here are the updated names:
- PGIM India Midcap Opportunities Fund is now PGIM India Midcap Fund
- PGIM India Hybrid Equity Fund is now PGIM India Aggressive Hybrid Equity Fund
- PGIM India Emerging Markets Equity Fund is now PGIM India Emerging Markets Equity Fund of Fund
- PGIM India Global Equity Opportunities Fund is now PGIM India Global Equity Opportunities Fund of Fund
It must be noted that these are name changes only. There is no change in the investment objective, strategy, or risk level of the schemes.
Existing investors will not be affected. No action is required on their part. The renaming aligns the scheme names more closely with their respective categories and investment approaches.
In a separate development, Motilal Oswal Mutual Fund has launched the Motilal Oswal BSE 1000 Index Fund, India’s first index fund tracking the BSE 1000 Total Return Index.
The new fund offer (NFO) is available for subscription till June 19, 2025.
The fund is an open-ended scheme designed to replicate the performance of the BSE 1000 Total Return Index, which includes the top 1,000 listed companies across large, mid, small, and micro-cap segments, representing around 94% of India’s listed market capitalisation.
The fund aims to offer broad diversification across 22 sectors, with the top 10 stocks capped at roughly 33% weight to reduce concentration risk. It also includes exposure to growing micro-cap companies.
