MUTUAL FUNDS
PGIM India Asset Management introduces SIP Auto Renewal facility
May-21-2025

PGIM India Mutual Fund has informed that the AMC has decided to provide a facility of Auto Renewal of Systematic Investment Plan’s (SIP) in all the open-ended schemes of PGIM India Mutual Fund for all the existing and new investors effective May 23, 2025. Accordingly, the following paragraph shall be added under ‘Special product/facility available during the NFO and on ongoing basis’ in Scheme Information Document (SID) and ‘Special Products / Facilities offered by the AMC / Schemes’ in Statement of Additional Information (SAI) :-

This facility is introduced under Systematic Investment Plan of all the open-ended schemes of PGIM India Mutual Fund for both, existing and new investors. Investors who are giving a perpetual One Time Mandate but not investing in SIPs for a perpetual period and opt to invest for a specific period (eg. 5 years, 10 years etc.), can further opt for Auto Renewal facility to remain invested continuously and to maintain investment discipline.

Process to avail SIP Auto Renewal facility: 

1. Investors can choose the Auto Renewal facility in the SIP application form along with other SIP details duly filled in.

2. Investors can choose to Auto Renew the SIP for the default period (same period as the initial SIP) or investor can choose the specific period for which they want to Auto Renew the SIP. However, investor can choose a maximum period up to the end date of the bank mandate given for the SIP. 

This change forms an integral part to SIDs of all the open-ended Schemes and SAI of PGIM India Mutual Fund.


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